New 2021 E3 Dumps for CIMA Strategic Level Case Study Exam Certified Exam Questions & Answer
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NEW QUESTION 24
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. Divest both product T1 and product T5.
- B. Harvest product T1 and Divest product T5.
- C. Harvest both product T1 and product T5.
- D. Divest product T1 and Harvest product T5.
Answer: B
NEW QUESTION 25
EEE is an international airline.
Indicate which of the following activities are 'primary' or 'support' in accordance with Porter's Value Chain.
Answer:
Explanation:
NEW QUESTION 26
Which of the following statements are consistent with an effective strategic approach to supply chain management within a manufacturing Organization?
Select ALL that apply.
- A. Identifying new opportunities for close liaison with an Organization's key suppliers and key customers, supported through the effective use of IT.
- B. Recognising product liability is easily transferred from the manufacturer to the retailer.
- C. Industry consolidation has no impact on an Organization's position within its supply chain.
- D. Effective supply chain management plays an important role in contributing to the Organization's overall success.
- E. Anticipating and responding to the increasing legal, consumer and ethical demands being made on an Organization's supply chain.
- F. A senior member of the management team has oversight and responsibility for supply chain activities within the business.
Answer: A,D,E,F
NEW QUESTION 27
The Board of a supermarket chain has decided that to compete more effectively against its competitors, it needs to change its strategy and pursue a differentiation-focus strategy. The Board's aim is to pursue differentiation to attract customers who have a higher disposable income and want to buy luxury food and other goods.
Which statements are valid for this differentiation-focus strategy?
Select ALL that apply.
- A. In a differentiation-focus strategy, there is no need to exploit other activities in the value chain if they are not visible to the customer.
- B. The company will have to ensure that the food and other goods it supplies are of the best quality.
- C. If this strategy is adopted, the company should aim to offer better value than its competitors.
- D. Brand loyalty underpinning this strategy may fail if the cost differential between the price the company charges and that charged by its other competitors is too great.
- E. Using this strategy, the company will have the opportunity to promote goods that have previously underperformed.
Answer: B,D,E
NEW QUESTION 28
Which of the following is a 'hard' factor according to McKinsey's '7-S' model?
- A. Skills
- B. Success
- C. Strategy
- D. Staff
Answer: C
NEW QUESTION 29
GV is a manufacturer and retailer of high quality suede gloves. GV makes all of its sales in country F, and is extremely profitable. After many successful years trading, GV has accumulated significant cash reserves and would like to grow the business organically.
After some investigation work, GV has discovered an opportunity to sell leather shoes in country P.
Which of the following strategic directions is GV taking if it pursues this opportunity, according to Ansoff's product / market matrix?
- A. Market penetration
- B. Product development
- C. Market development
- D. Related diversification
Answer: D
NEW QUESTION 30
To lead change successfully, Kotter and Schlesinger recommends that an Organization should change its strategy according to the situation. Effective change leadership therefore involves determining the optimal speed of change.
Which of the following statements would justify proceeding slowly with a change initiative?
- A. Where information and commitment from others is unnecessary.
- B. Where resistance will be intense and extensive.
- C. Where you have more Organizational power than those who may resist the change.
- D. Where resistance will be low and more localised.
Answer: B
NEW QUESTION 31
Directors have a duty to shareholders and other stakeholders and are required to promote the success of the company.
Which THREE of the following are valid roles and responsibilities of directors? (Choose three.)
- A. To focus only on maximizing company profits.
- B. To consider the likely consequences of any decision in the long term.
- C. To be responsible for keeping all external stakeholders satisfied.
- D. To have regard for the interests of the company's employees.
- E. To avoid conflicts of interest and of duties.
Answer: B,D,E
NEW QUESTION 32
Collaborative leadership is particularly useful in situations where "no one is in charge", where the issues or problems are so complex that no one person or entity has either the information or the power to change.
Which of the following would facilitate the role of a collaborative leader effectively?
Place 'Yes' or 'No' next to each Role.
Answer:
Explanation:
NEW QUESTION 33
LLL is an international oil and gas exploration company. It is considering investing S300 million in developing new oil fields in Country D. For this it will need to obtain a license from the government of Country D.
These new oil fields will bring much wealth to Country D because a large proportion of the revenue from the production of oil will be paid to the government as part of the licensing agreement.
However, oil production in Country D will have some undesirable social effects, such as the threat of pollution, congestion to the roads and pressure on local amenities such as housing, electricity and clean water.
Which of the following approaches to stakeholder management should LLL NOT undertake in order to enter Country D?
- A. Develop and circulate a promotional video showing the benefits enjoyed by other countries in which LLL operates.
- B. Undertake stakeholder mapping to identify the interests of the most powerful players in the decision to grant a license to LLL.
- C. Issue free shares in a Joint Venture to develop oil fields to government ministers from Country D.
- D. Commit to improving the local amenities and roads as a part of the application for a license in Country
- E.
Answer: B,E
NEW QUESTION 34
Mendelow developed a matrix in which he characterised stakeholders by reference to their degree of power and level of interest.
Place the correct category against each of the classes of stakeholders.
Answer:
Explanation:
NEW QUESTION 35
S is a hybrid car manufacturer. S relies on strong social media presence and online marketing campaigns to drive customers to its website. S prioritises measuring and improving active usage metrics.
Which of the following metrics does S prioritise?
Select ALL that apply.
- A. Number of repeat webpage users
- B. The customer feedback score
- C. Abandon rates
- D. Number of registered users
- E. The number of customer photographs uploaded
Answer: A,C
NEW QUESTION 36
McKinsey's '7-S' model can provide companies with a useful insight into some of the issues experienced as part of a change initiative within a company.
Which THREE of the following are identified as SOFT elements within McKinsey's '7-S' model?
- A. Sentiment
- B. Sustainability
- C. Skills
- D. Staff
- E. Style
- F. Strategy
Answer: C,D,E
NEW QUESTION 37
Which of the following uses apply to Porter's Value Chain?
Select ALL that apply.
- A. Gives managers a deeper understanding of precisely what their Organization does.
- B. Helps assess the markets that the company currently operates in.
- C. Identifies key processes that add value to the end customer.
- D. Prioritises operations that transform the various outputs into the final product.
- E. Assesses improvements to management information.
Answer: A,C,D,E
NEW QUESTION 38
Using Earl's 'Three levels of IT strategy' framework, which one of the following activities would occur as part of an Information Systems (IS) strategy?
- A. Employing an IT Director to control the Organization's information system.
- B. Design of key performance measures for an information system.
- C. Evaluation of an SBU's information system to ensure that it continues to meet customer needs.
- D. Selection of the hardware for a new Information system.
Answer: C
NEW QUESTION 39
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