CIMA Strategic Management (E3) Practice Exam

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• Which statement is true about internet use in upstream procurement?
• In Porter's Five Forces, which term describes the pressure from substitutes that could replace a firm's products?
• Disintermediation refers to which of the following?
• Which activity supports cross-functional problem solving and knowledge sharing in a digital organization?
• Which option is NOT listed as a real option in decision making?
• Realignment with a big bang transformation is called?
• Which framework is listed as a direct trigger for strategic analysis?
• Coaching is described as developing a person's skills.
• Economic Value Added (EVA) is defined as which of the following?
• Efficiency in the 3 Es refers to what?
• Which set of characteristics defines SMART objectives?
• Which of the following is a GRI reporting principle?
• Which action best aligns with becoming an Employer of Choice by attracting talent?
• Which action is about empowering employees?
• Which of the following is a governance concept?
• Which term is associated with a risk seeking approach?
• Which statement best describes Thriving on Chaos based on the notes?
• Which description best matches reinforcement learning?
• Which description best defines Business strategy (management)?
• Which action focuses on involving staff to shape organizational values?
• Which three criteria comprise Johnson and Scholes' strategy evaluation framework?
• What is the primary purpose of Electronic Data Interchange (EDI) in upstream procurement?
• Which statement best describes a core competency?
• Which of the following is NOT listed as a capital in Integrated Reporting?
• Which item is NOT a driver of the digital revolution?
• Implement and lead the change is a duty of a change agent.
• In the 8-step process for leading change, what step immediately follows 'Develop a change vision'?
• Which of the following is a potential drawback of 3D printing?
• Which of the following is NOT part of M's eight Ms framework?
• Which option best describes Porter's focus strategy?
• Which of the following is a factor included in PESTEL analysis?
• What does supervised learning do?
• In the 7S McKinsey model, which of the following is a soft element?
• Which of the following is a benefit of process automation?
• Which is a problem with the triple bottom line?
• Which statement best describes system thinking in management?
• Which of the following is a type of power within an organization?
• Which statement best describes unsupervised learning?
• What is the Rational model?
• Capital employed is defined as which combination?
• What are mental models?
• The purpose of a mission statement is to:
• In the 7S McKinsey model, which of the following is a hard element?
• Which statement best describes Customer Relationship Management (CRM)?
• In Beer and Nohria's framework, Theory E emphasizes which focus?
• Conglomerate diversification is described as expansion into unrelated business areas.
• Economy in the 3 Es refers to what?
• Which strategic approach analyses the market?
• Which of the following is a governance concept related to critical thinking in governance?
• A potential benefit of conglomerate diversification is reduced variability in profits or cash flows.
• In the Ansoff Matrix, which growth strategy corresponds to existing product and new market?
• What is a Mission Statement?
• Which of the following is a skill of change leaders?
• Which of the following is identified as an IRRC principle for reporting?
• Which statement best describes workforce reimagined?
• What is the main purpose of scenario planning in strategic management?
• Derived demand refers to forecasting?
• A decision to postpone a project until more information is available illustrates which real option?
• In the Ansoff Matrix, which growth strategy corresponds to existing product and existing market?
• What does Internet of Me emphasize in digital experiences?
• Which term best describes strategies that evolve in response to unexpected events that impact an organisation?
• Product development strategy focuses on:
• In the Boston Matrix, which category corresponds to low market share and low market growth, typically leading to harvesting or divestment?
• Which of the following is listed as an actor by Braithwaite and Drahos in their framework?
• What does reintermediation involve in the value chain?
• Subtracting CAC from LTV reflects
• In Porter's Diamond Model, factor conditions refer to what?
• Which leadership capability is linked to creating a compelling vision for digital transformation?
• Which description best defines Corporate Strategy (strategic)?
• Diversification involves:
• Which factor is listed as affecting Shareholder Value Analysis in the material?
• Which of the following is NOT one of Payne's six markets?
• In the Ansoff Matrix, which growth strategy corresponds to new product and existing market?
• Which of the following is NOT a CEO role in the digital age?
• Which of the following is NOT a skill of change leaders?
• Which option lists a valid real option component?
• If average monthly recurring revenue is 40 and average customer lifetime is 18 months, LTV is
• In the performance pyramid, which element sits at the top and provides the guiding direction?
• Which of the following is NOT listed as a capability of change-adept organisations?
• What does Logical incrementalism describe?
• Irvine and Martin's five Cs includes which of the following NOT being part?
• Which gap in gap analysis is associated with expanding sales?
• In the typology of competitors, which type is described as selling products that satisfy the same needs (for example, cars and boats)?
• Which of the following is NOT a soft element in the 7S model?
• Which of the following describes the risk of a self-fulfilling prophecy in scenario planning?
• Which of the following is the CSR strategy that goes beyond and proactively addresses issues?
• Brand atomisation aims to
• What is the first step in the Change Agent Role?
• Realignment with incremental transformation is called?
• Which ethical stance, as described by Johnson, Scholes and Whittington, advocates multiple stakeholder obligation?
• Which of the following best describes Porter's differentiation strategy?
• A primary reason for sustainability plans is which of the following?
• In a value shop, which activity is primarily about identifying the problem to be solved?
• The months to recover CAC is calculated as
• Which of the following is a key concept of governance?
• In Carroll's CSR Pyramid, which level corresponds to philanthropic activities such as being a good citizen?
• Which concept describes focusing on stakeholder needs in turn rather than all at once?
• Which of the following is a CEO role in the digital age?
• Which ethical stance places the 'Shaper of society' viewpoint within a business context?
• Which activity involves putting a case to government officials to win support?
• Which statement best defines foresight in strategic management?
• CAC is defined as
• Which term describes the governance concept that emphasizes scrutiny of assumptions and evidence by leaders?
• What term describes the involvement by an organization in the political process with the aim of obtaining policy preferences?
• Which statement best defines Corporate Social Responsibility?
• In a value shop, which activity is primarily about implementing the chosen solution?
• Which of the following is the first step in the 8-step process for leading change?
• Which of the following is a benefit of process automation?
• What is the primary aim of an intelligent enterprise?
• In Carroll's CSR Pyramid, which level focuses on the economic imperative to earn profits?
• In the value shop model, which activity involves selecting among alternative solutions?
• Side payments are best described as:
• Which attribute ensures information can be compared across periods and with other organizations?
• Countermediation involves which of the following?
• Which are the three levels of strategy?
• Which action best aligns with creating a workforce with digital skills?
• In the intuitive forecasting approach, a think tank is best described as:
• Document the learning process and spread throughout the company is a duty of a change agent.
• Taking a present product into a new geographic market is an example of which strategy?
• An antagonist supply chain is characterized by which of the following arrangements?
• Gap analysis is defined as:
• Which digital traction metric measures the breadth of audience or scale?
• In the Boston Matrix, which term describes a business unit with high market share and high market growth?
• In the Boston Matrix, which term describes a business unit with high market share but low market growth?
• Which of the following is listed as a source of critical success factors?
• Which statement about capital employed in the ROCE calculation is correct?
• Disintermediation in a supply chain refers to which of the following?
• In Beer and Nohria's framework, Theory O is characterized as a soft approach involving employees in the change process. True or false?
• In sustainability reporting, materiality refers to?
• Which three criteria comprise the Johnson and Scholes strategy evaluation framework?
• Which digital traction metric measures the frequency of user interactions?
• Which metric describes the degree to which a user has engaged with the organization?
• PESTEL analysis considers which of the following sets of factors?
• In the Ansoff Matrix, which growth strategy corresponds to new product and new market?
• Which of the following is a primary activity in Porter’s value chain?
• Design thinking is characterized by which approach?
• What are the three pillars of the Triple Bottom Line?
• Satisficing is defined as which?
• Which strategic concept is described by "new products, new markets"?
• Which action ensures collaboration through policy?
• Which of the following is a disadvantage of SVA?
• Which of the following is NOT one of the three elements in the Fitzgerald and Moon block model?
• Which is the correct formula for ROCE (Return on Capital Employed)?
• Effectiveness in the 3 Es refers to what?
• In the outcome economy, customers are attracted to what?
• Which CEO role emphasizes data-driven business models?
• Which description best defines Functional (operational) strategy?
• In Carroll's CSR framework, which strategy involves admitting responsibility but fighting it (bare minimum)?
• Which model involves a logical, step-by-step process that analyzes current data to inform decisions?
• In the Fitzgerald and Moon block model, which element focuses on rewarding employees to keep them motivated?
• What are the three Es in strategy evaluation?
• Which of the following is a Porter's generic strategy?
• Which option best defines the mission of an organization?
• In a value shop, which activity involves evaluating multiple potential solutions?
• Which of the following is NOT a problem with 3D printing?
• Which of the following is NOT a primary activity in Porter’s value chain?
• Which of the following is a commonly cited criticism of PESTEL analysis?
• Which of the following is a drawback of scenario planning?
• The incremental transformation is called which term?
• Which statement describes the consequence of the platform (r)evolution for many businesses?
• What does the platform (r)evolution describe?
• Which of the following is NOT listed as a power skill of change agents?
• Mentoring is defined as offers help, guidance and advice in support the development of another.
• Which of the following is NOT a problem commonly associated with mission statements?
• Which of the following is one of Porter's Five Forces?
• Which of the following is a benefit of 3D printing?
• Which capital in Integrated Reporting relates to natural resources and ecological assets?
• What is the purpose of a resource audit?
• Forecasting is described as:
• In intuitive forecasting, which technique involves a panel interviewed separately?
• Which strategy refers to repositioning the organisation within the market for competitive advantage?
• Which capital in Integrated Reporting relates to people and knowledge, including skills and capacities of employees?
• Which of the following is NOT a GRI report quality attribute?
• Which would NOT be recommended to foster a digital culture?
• Which of the following is NOT listed as a problem with 3D printing?
• Which strategic approach analyses internal competencies?
• Which item is listed as a driver of the digital revolution?
• Conglomerate diversification is expansion into unrelated business areas. True or False?
• In the Boston Matrix, which category corresponds to a business unit with low market share and high market growth, typically requiring a build or divest strategy?
• Which of the following is a potential drawback of scenario planning related to culture?
• How is Corporate Governance best described?
• Which sequence correctly lists the four levels of the performance pyramid from top to bottom?
• Which competitor profile is described as always responding aggressively?
• Which approach involves avoiding formal planning and taking advantage of opportunities as they arise?
• Market penetration strategy is best described as:
• Shareholder Value Analysis measures the total return on which of the following?
• Which of the following is a problem commonly associated with mission statements?
• Which term describes expansion into unrelated business areas?
• Which term describes a rapid, radical transformation often called a big bang?
• Which strategy involves the sale externally of part of the business or closing an area down?
• In Porter's Diamond Model, which element refers to the sophistication and size of domestic demand?
• Which capability is essential for turning strategy into action?
• In the Change Agent Role, what is the second step?
• Which of the following is a SERVQUAL dimension?
• Which of the following is a challenge for process automation?
• Which statement is an advantage of SVA?
• Which activity supports fostering a digital culture?
• Which strategic approach focuses on stakeholders and their objectives?
• In the framework of Braithwaite and Drahos, which is identified as an actor?
• Critical Success Factors (CSFs) are best described as:
• What best describes a Vision Statement?
• Which term refers to strategies that evolve in response to unexpected events that impact an organisation?
• Market development strategy aims to:
• Which strategy involves selling assets to buyers?
• Which of the following is a drawback of scenario planning related to the number of scenarios?
• Which group is listed as a non-market stakeholder in the material?