Chapter Questions
Define strategy.
Discuss the difference between strategic planning and strategic management.
Explain what you understand to be the differences between descriptive and prescriptive strategies.
Identify different levels of strategy and give examples of each type of strategy.
'Strategic thinking is required to develop strategy'. Do you agree?
'Competence and capabilities are important for an organization to develop appropriate supply chain strategies'. Discuss.
Explain why organizational learning is important to achieve strategic objectives.
Explain why it is important to develop supply chain strategies that take account of 'strategic fit'.
'Committing resources to supply chain strategies has an opportunity cost'. Discuss.
'Synchronizing supply chain activities is an important part of any supply chain strategy'. Discuss.