QUESTION 1 [ Mission Statement and Principles of Organisational strategy]
[20 marks]
a. Explain with practical examples, any four factors that an organisation should consider when revising or drafting their mission statement. [4 marks]
b. Discuss with practical examples, four reasons why companies/firms that adopt differentiation business strategy have more sustainable financial performance than companies/firms that adopt cost leadership strategy. [12 marks]
c. Briefly explain two human resource initiatives/strategies that companies who adopt cost leadership or differentiation will put in place to gain competitive advantage in the industry. Note: Two human resource initiatives for each of the strategies (i.e. cost leadership and differentiation) [4 marks]
QUESTION 3 Managing Mega projects and Procurement
[20 marks]
a. Explain with practical examples,
i. The relationship between directional complexity and the lifecycle of mega projects [3 marks]
ii. The relationship between temporal complexity and the lifecycle of mega projects. [3 marks]
b. Discuss five reasons why mega projects are more suitable for public-private partnership procurement arrangements in many countries. [10 marks]
c. Explain briefly with practical examples, two Motivational Capability strategies/initiatives that can be adopted to successfully manage mega projects [4 marks]