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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Digital Strategy | 20% | - Technology risks and opportunities - Data analytics and strategic use of information - Digital transformation and business models |
| Topic 2: Generating Strategic Options | 15% | - Innovation and entrepreneurship - Portfolio analysis and diversification - Strategic directions and growth frameworks |
| Topic 3: Strategic Control and Implementation | 10% | - Review and adaptation of strategy - Implementation planning and change management - Strategic performance measurement |
| Topic 4: Analysing the Organisational Ecosystem | 25% | - SWOT and stakeholder analysis - Internal capability and resource analysis - External environment analysis (PESTEL, Five Forces, etc.) |
| Topic 5: Making Strategic Choices | 10% | - Strategic alliances and partnerships - Strategic fit and feasibility - Evaluation criteria and risk assessment |
| Topic 6: The Strategy Process | 20% | - Governance and ethical considerations - Strategic planning and decision-making models - Strategy definitions and levels |
1. Which of the following statements is NOT a role for Management Accountants involved in the strategy development process?
A) Consider and raise awareness of the ethical impact of proposed strategic decisions.
B) Integration of financial and non-financial information.
C) Writing the Annual Report.
D) Assist the Board in determining risk appetite.
2. RST is a company specializing in the production of wood-based products. RST has decided to introduce a fully integrated Information System across all divisions in order to improve knowledge sharing throughout the business and enhance customer relationship management.
RST is expecting resistance to the integrated Information System from it's staff who are key to the business and would be difficult to replace. Staff have a good understanding of why the new system and knowledge sharing is needed and how the system will work but many staff are not happy about the potential changes to their working conditions.
Which of the following change leadership styles, as outlined by Kotter and Schlesinger, would be most appropriate for RST to adopt?
A) Education
B) Coercion
C) Manipulation
D) Negotiation
3. QWE is a private company belonging to a famous former sports professional. It operates gyms and fitness clubs across its home country. Each gym or fitness club is treated as a profit center and the manager of each center is paid bonuses based on its financial performance.
QWE introduced multidimensional performance measures into its management control systems 3 years ago.
These measure competitiveness, financial performance, capacity utilization, innovation and the flexibility of its centers to cope with changing demands.
The managers of QWE's centers have been leaving at a very high rate over the last 2 years. They have claimed that the measures are too open to interpretation and when they think they are improving their center's performance they are told they are doing the wrong things. They also complain that the managers in the centers near big cities find it much easier to reach their targets than the managers of other centers.
According to Fitzgerald and Moon's Building Block model, where does the problem lie?
A) Dimensions and Rewards
B) Standards and Rewards
C) Standards, Dimensions and Rewards
D) Dimensions and Standards
4. 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) Individuals must become more than they were when working alone and must develop new commitments and behaviors.
B) Teams should continue after their purpose has been served.
C) Teams play minor roles in institutional change.
D) Teams that cross departmental boundaries can destroy shared values.
E) Teams that cross departmental boundaries can develop new performance criteria.
F) Teams enhance learning and address change directly through creating recommendations and new ideas.
5. HHH is an international distribution company which operates a number of large distribution warehouses. HHH employs over 10,000 staff who operate the warehouses 24 hours per day and process over 500,000 packages and parcels each day. HHH operates in a highly competitive market and the senior management team recognize the importance of focusing upon its Critical Success Factors (CSF's). However, some senior managers are confused as to the difference between CSF's and Key Performance Indicators (KPI's).
Which of the following are Critical Success Factors for HHH? (Choose all that apply.)
A) Continual maintenance of warehouse facilities.
B) Percentage of stock damaged.
C) Efficient staff planning systems.
D) Time taken to load and unload deliveries.
E) Market share percentage.
F) Customer satisfaction.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A,E,F | Question # 5 Answer: E,F |
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