Cima E2 Exam Question No 10

Question No 10:

Planned strategies tend to consist of four of distinct stages:

Answer:

1. Strategic Analysis
2. Strategic Choice
3. Strategic Implementation
4.Strategy Evaluation and control

Cima E2 Exam Question No 9

Question No 9:

What is Planned Strategies?

Planned strategies are often used in large organisations, and are particularly suitable where the industry is subject to relatively little change.

Cima E2 Exam Question No 8

Question No 8:

What is Approaches of Strategy Formulation?

•Planned strategies
•Emergent strategies
•Incrementalism
•Opportunism

Cima E2 Exam Question No 7

Question No 7:

What is Operational/Functional Strategy?


Each functional area within each business unit will then have its own strategy, so there will be strategies in each department e.g. HR, IT, production, finance and marketing. These should be designed to be consistent with the business strategy of the SBU.

Cima E2 Exam Question No 6

Question No 6:

What is Business Strategy?

Each business unit or subsidiary of the business is likely to have different goals, competitors, suppliers, manufacturing approaches, IT, financial requirements and so on, and so each strategic business unit (SBU) needs its own strategy. 

This covers:
•Which competencies?
•Which products?
•Which markets?
•Tactics to beat competition in this market
•Business resources (people, buildings, machinery, processes)
•How to compete in this business area?