Question 1 (10 Marks)

A the very common feature of an organization is in it having multiple divisions, consisting of a head office and a number of separate operating divisions, a distinction that is made within a corporate strategy, business unit strategy and functional strategy.

Required:

A-Explain each of the corporate (3 marks) & business unit strategy (3 marks).

B-Explain the functional strategies by referring to each of the production, financial, marketing and human resource functions. (4 marks; 1 mark for each function)

Question 2 (25 Marks)

Toyota Company was a pioneer in adopting & implementing the production control system known as the Just-In Time system.

Required

1. Discuss the concept of the Just-In Time system (4 marks)
2. What are the prerequisites or requirements for a successful implementation of (JIT)? (5 marks)
3. Identify at least six advantages and 3 drawbacks of the (JIT) (6 marks)
4. Explain how the JIT system benefited Toyota (5 marks)
5. Explain how a fast-food restaurant can apply and benefit from a JIT system. (5 marks)