CIMA E3 - E3 Strategic Management

Page: 9 / 9
Total 280 questions

Company AA has decided that it needs to improve its strategic decision-making process and is considering implementingÂ ScenarioÂ Planning.

The Management Accountant has been requested to investigate this further and also to consider how the company can use scenarios to formulate a competitive strategy.

Which of the following statements are CORRECT?

Select ALL that apply.

A company taking a flexible scenario approach plays a 'wait and see' game. It is a safe strategy but sacrifices first mover advantages.

When undertaking Scenario Planning the company will need to identify the key areas of certainty and their drivers.

Scenario Planning forces management to look externally at the wider business environment rather than focusing internally.

A company which designs a strategy based on the scenario most attractive to the firm is using a 'hedge' approach.

Scenario Planning helps a company to identify and cope with the key uncertainties to which it will be exposed.

Question # 82

In order to implement a knowledge management strategy, an Organization must acquire suitable hardware and software so that knowledge can be stored and communicated. WhichÂ of the following would be appropriate systems to use in a knowledge management strategy?

Select ALL that apply.

Local area network

Groupware

Intranet

Internet

Ledgers and journals

Social media