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What is Strategic management? Strategic management is the continuous planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives. Pass your E3 Strategic Management Exam In First Attempt Get full exam questions file from: https://www.dumps4download.us/free-e3-strategic-management/cima-question-answers.html
Question No 1: What is strategy? Answers: Strategy "A course of action, including the specification of resources required, to achieve a specific objective." CIMA: Official Terminology https://www.dumps4download.us/free-e3-strategic-management/cima-question-answers.html
Question No 2: Levels of strategy - Johnson and Scholes? Answer: Corporate strategy (Where) Business Strategy (How) Functional Strategy (Who) https://www.dumps4download.us/free-e3-strategic-management/cima-question-answers.html
Question No 3: Arguments in favor of a strategic approach? Answer: * Strategy helps minimize risk * Avoids short-term behavior * Improves stakeholder perceptions * Encourages environmental analysis e.g. critical to react to change * Evidence indicates performance can be improved using strategic approaches * Integration and coordination of activities and processes https://www.dumps4download.us/free-e3-strategic-management/cima-question-answers.html
Question No 4: Arguments against a strategic approach? Answer: Difficult to plan when environment changing, uncertain or complex Encourages 'conformity' stifling innovation e.g. the corporate straightjacket Infrequently reviewed e.g. chosen long-term strategy may not keep pace with change Implementation often managed poorly Rational planning a complex methodology and costly for small businesses https://www.dumps4download.us/free-e3-strategic-management/cima-question-answers.html
Question No 5: The rational planning process Advantages? Answer: For transformational or radical change Copes with the uncertain future by providing long-term plans Helps integrate and coordinate complex organizations https://www.dumps4download.us/free-e3-strategic-management/cima-question-answers.html
Strategic Management – E3 Exam Dumps Get full exam Dumps PDF file from: https://www.dumps4download.us/free-e3-strategic-management/cima-question-answers.html