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Cima E2 Exam Questions

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Cima E2 Exam Questions

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  1. Pass CIMA E2 - Project and Relationship Management exam in just 24HOURS! 100% REAL EXAM QUESTIONSANSWERS CIMA E2 - Project andRelationship Management Buy Complete Questions Answers Filefrom http://www.certs4you.com/cima/e2-dumps.html 100% Exam Passing Guarantee & Money BackAssurance SampleQuestions

  2. Question No1: What isStrategy? Answer: A plan of action designed to achieve a goal or objective. The aim of a strategy is to gain some kind of competitive advantage or to help to exploit futureopportunities. Question No2: What is Strategy inbusiness? Answer: A course of action, including the specification of resources required, to achieve a specific objective. Business strategy therefore is concerned with the overall management of an organisation and includes the management of and taking decisions about: a) Products b) Markets c) Locations (production and sales) d) Structure e) Personnel f) Buildings and machinery g) How tocompete Question No3: What is Key features of strategicmanagement? Answer: Long term approach - decisions are made over the long term, often for periods exceeding one year. Focused on organisational objectives - the aim being to ensure that the plan of action achieves the most important objectives for a wide group of keystakeholders Aligned with internal strengths and weaknesses - the aim should be to capitalise on the business strengths and overcome any key weaknesses. Devising a strategy will often follow a position audit of the business to ascertain the businesses currentposition.

  3. Adapted to the changing business environment - so that changes in political, economic, social and technology factors are taken account of, while adapting to industry changes, such as competitive threats, supply issues or changing customerneeds. • Question No4: • What is The importance ofstrategy? • Provides a clear direction, focusing management decisionmaking • Adapts the organisation to the changing environment ensuring it's continuing survival andsuccess • Ensures competitiveness through understanding and adapting to competition •Focuses in building key competences to meet customerneeds • Co-ordinates all elements of the business in a structured plannedapproach. • Question No5: • Director's role instrategy? • Answer: • Responsibility to decide on and take decisions on strategy in theorganisation. • Question No5: • There are three different levels on which strategy can beset: • Answer: • CorporateStrategy • BusinessStrategy • Operational/FunctionalStrategy • Question No6: • What is CorporateStrategy? • Answer:

  4. The corporate strategy provides the direction for the business as whole, including all parts of the business. It includes considerationof: • The overriding purpose and scope of thebusiness • Which businesses and markets should the organisation operatein? • What should the core competenciesbe? • Resources andfinancing • How tocompete • How to integrate and structure thebusiness • Question No7: • What is BusinessStrategy? • Answer:D • 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. Thiscovers: • Whichcompetencies? • Whichproducts? • Whichmarkets? • Tactics to beat competition in this market • Business resources (people, buildings, machinery,processes) • How to compete in this businessarea? Question No8: What is Operational/FunctionalStrategy? Answer: 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, financeand marketing. These should be designed to be consistent with the business strategy of theSBU.

  5. Question No9: • What is StrategicAnalysis? • Answer: • Defining the direction (e.g. Mission andobjectives) • External analysis of the business environment (e.g.PESTEL analysis, Porter's 5 forces)• • Internal analysis of the firm (e.g. Value chain, Resource audit, Productanalysis) • Corporate appraisal (e.g. SWOTanalysis) • Buy Complete Questions Answers Filefrom • PDF Version + Test Engine SoftwareVersion • 90 Days Free UpdatesService • Valid for AllCountries http://www.certs4you.com/cima/e2-dumps.html

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