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CIMA CIMAPRO15-E03-X1-ENG Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Making Strategic Choices | 10% | - Strategic alliances and partnerships - Evaluation criteria and risk assessment - Strategic fit and feasibility |
| Topic 2: The Strategy Process | 20% | - Governance and ethical considerations - Strategy definitions and levels - Strategic planning and decision-making models |
| Topic 3: Digital Strategy | 20% | - Digital transformation and business models - Technology risks and opportunities - Data analytics and strategic use of information |
| Topic 4: Strategic Control and Implementation | 10% | - Review and adaptation of strategy - Implementation planning and change management - Strategic performance measurement |
| Topic 5: Generating Strategic Options | 15% | - Strategic directions and growth frameworks - Innovation and entrepreneurship - Portfolio analysis and diversification |
| Topic 6: Analysing the Organisational Ecosystem | 25% | - External environment analysis (PESTEL, Five Forces, etc.) - SWOT and stakeholder analysis - Internal capability and resource analysis |
CIMA E3 - Strategic Management Question Tutorial Sample Questions:
1. DRAG DROP
AB uses Johnson, Scholes and Whittington's criteria of 'Feasibility and Acceptability' to evaluate potential strategies. AB has begun a project to re-engineer its best selling product.
Apply the appropriate criterion to each of the questions below:
Select and Place:
Correct
2. ABC is an independent training provider in Country F.
It provides training in business related subjects to a wide range of corporate customers. All of its tutors must possess a nationally accredited training qualification before being allowed to teach and all of its courses follow nationally accredited programmes which are externally monitored. This is considered to be a critical aspect of its business reputation.
ABC has one major competitor, XYZ, within Country F.
XYZ offers similar courses to ABC but its tutors do not have to have an accredited training qualification and its courses do not follow the national accredited programmes. The style and content of courses varies significantly between XYZ's centers.
There are a number of universities which offer nationally accredited courses within Country F.
ABC does not consider these as competitors because typically they attract students wishing to undertake degree courses.
The average university pass rate for nationally accredited programmes is currently higher than ABC's.
Which of the following types of benchmarking would be most useful for ABC?
A) Internal
B) Strategic
C) Process
D) Competitor
3. You have been given responsibility, as a newly qualified management accountant, for delivering an ambitious project to centralize and computerize the accounts function within a medium-sized, geographically dispersed business. The timetable also requires the project to be delivered within a very short timescale with limited resources. You have built a team to deal with these proposed changes.
With regard to effective teams and change, which THREE of the following statements are correct? (Choose three.)
A) Teams enhance learning and address change directly through creating recommendations and new ideas.
B) Teams that cross departmental boundaries can destroy shared values.
C) Teams play minor roles in institutional change.
D) Individuals must become more than they were when working alone and must develop new commitments and behaviors.
E) Teams should continue after their purpose has been served.
F) Teams that cross departmental boundaries can develop new performance criteria.
4. Company TTT produces a range of products, including products T1 and T5.
Product T1: Profitability has declined in recent years, although small profits continue to be made as the market contracts due to changing customer preferences. Overall market share is low and continues to reduce.
However, in addition to external sales T1 is also used as a component of product T5.
Product T5: A market leader within a low growth market, sources components both externally and from TTT's other subsidiaries. T5 benefits from significant economies of scale and TTT has recently considered modernizing its T5 production line but following a cost benefit analysis, decided not to proceed.
Which of the following is an appropriate strategy for TTT to adopt?
A) Harvest product T1 and Divest product T5.
B) Divest both product T1 and product T5.
C) Divest product T1 and Harvest product T5.
D) Harvest both product T1 and product T5.
5. JJJ is a publically quoted advertising agency. JJJ's competitive advantage is based on the expertise of its staff and its reputation in digital media advertising. JJJ has robust systems to protect its intellectual property. These include patents and copyrights. JJJ has also restricted access for most of its staff to its most sensitive data, such as studies of its customers' profitability.
JJJ's new Managing Director, Z, is concerned that when staff leave JJJ, the company loses whatever tacit knowledge they possess. These losses also impact on JJJ's reported profits. In order to remedy the losses of knowledge and the reduced profits Z wants to introduce a knowledge management strategy.
Which of the following steps support the introduction of a knowledge management strategy? (Choose all that apply.)
A) JJJ should convince staff of the benefits of sharing their tacit knowledge.
B) JJJ should integrate knowledge management and management accounting.
C) JJJ should unfreeze current habits and standard operating procedures.
D) JJJ needs to acquire and install appropriate hardware and software.
E) Z should gain the support of the Board of Directors.
F) Z should set a target for reported profit.
Solutions:
| Question # 1 Answer: Only visible for members | Question # 2 Answer: B | Question # 3 Answer: A,D,F | Question # 4 Answer: A | Question # 5 Answer: A,B,E |
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