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CIMA E3 Exam Dumps - Actual Questions Answers


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E3 Strategic Management

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  • Last Update: Nov 18, 2024
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E3 Questions and Answers

Question # 1

ZZZ recently hired a new Chief Executive, Q, to lead it through a period of major change. Q immediately set up a change management team which consisted of several senior managers and directors from across the Organization. Together, they formulated an overall goal for change and then spent several weeks presenting the need for change to all of the staff  through a series of staff meetings. At these meetings Q involved staff and built their ideas into the final change strategy.

 

Q also set a series of interim goals to encourage ongoing performance throughout the change process. When the Organization reached these goals, she widely publicised these achievements to help motivate staff. 

However, after six months, ZZZ had failed to reach most of the interim goals that had been set. Most of the members of the change management team had not maintained a significant interest in the change process and many of the staff felt that there had been a lack of communication and reward following the initial few weeks of the change process.

Kotter suggested that there were eight steps required to successfully lead change.

Which TWO of the following of these eight steps did Q fail to achieve?

A.

Develop a change vision

B.

Empower broad based action

C.

Incorporate change into the culture

D.

Generate short term wins

E.

Never letting up

Question # 2

Porter suggests that competitive advantage can be attained by organising value-adding activities in support of the generic strategies which he identified.

Place the appropriate generic strategy against each of the value-adding activities.

2

Question # 3

XYZ is a manufacturer of garden tools.  It has defined 'Excellence of Manufacture' as a Critical Success Factor. Which THREE of the following would be appropriate to use as Key Performance Indicators in respect of this Critical Success Factor?.

A.

% of raw materials input which is scrapped.

B.

Tonnage of raw materials usage.

C.

Raw materials identified as essential.

D.

Number of finished products rejected at final inspection.

E.

Average age of products.

F.

Amount of money budgeted for production process improvements.

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CIMA E3 Exam Dumps FAQs

1. What is the CIMA E3 Strategic Management Exam?

The CIMA E3 Strategic Management Exam assesses your expertise in formulating, implementing, and evaluating strategic decisions for an organization. Passing this exam demonstrates your proficiency in key areas like environmental analysis, strategic choice, change management, and information systems integration.

2. Who should take the CIMA E3 Strategic Management Exam?

This exam is ideal for finance professionals, management accountants, and aspiring business leaders who aim to gain a competitive edge in strategic decision-making. Whether you're pursuing a CIMA qualification or seeking to enhance your strategic skills, the E3 can be a valuable step forward.

3. What are the key topics covered in the CIMA E3 Strategic Management Exam?

The CIMA E3 Strategic Management exam syllabus encompasses:

  • Interacting with the organization's environment: PESTLE analysis, SWOT analysis, competitor analysis, industry life cycles.
  • Evaluating strategic position and strategic options: Value chain analysis, Porter's Five Forces, strategic choice frameworks (Ansoff Matrix, BCG Matrix, etc.).
  • Leading change: Change management models, overcoming resistance to change, communication strategies.
  • Implementing strategy: Balanced Scorecard, performance measurement, resource allocation, risk management.
  • The role of information systems in organizational strategy: IT infrastructure, data analytics, digital transformation.

4. What is the difficulty level of the CIMA E3 Strategic Management Exam?

The CIMA E3 Strategic Management exam is considered to be of moderate difficulty.

5. What is the passing score for the CIMA E3 Strategic Management Exam?

The passing score for the CIMA E3 Strategic Management exam is 70%.

6. What is the difference between the CIMA E3 and CIMA F3 Exams?

The CIMA E3 and F3 exams are both part of the Strategic Level of the CIMA Professional Qualification, but they focus on different aspects of strategic management and finance. Here's a breakdown of the key differences:

  • CIMA E3 (Strategic Management): The CIMA E3 Exam delves into the overall strategic direction of an organization. It covers topics like environmental analysis, strategic choice, change management, and information systems integration. Essentially, it equips you with the skills to formulate, implement, and evaluate strategic decisions.
  • CIMA F3 (Financial Strategy): The CIMA F3 Exam dives deeper into the financial aspects of strategic decision-making. It looks at areas like investment appraisal, financing options, corporate valuation, and risk management. In essence, it equips you with the skills to make sound financial decisions that align with the organization's overall strategy.

7. How can DumpsMate help with the CIMA E3 exam preparation?

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