Syllabus Flashcards

1
Q

Evalute external environment effects on organization and strategy

A
  • different organizational environment (non and for profit)

- key environmental drivers of organizational change and their PRIORITIZATION specific to the Org and not jus PEST

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2
Q

Recommended approaches between business and government as well as societies

A

Non-market strategy and forms of corporate political activity

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3
Q

Discuss drivers for sustainability and corporate responsibility and the corporate response

A

corporate political activity and non-market strategy

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4
Q

Recommend how to build and manage strategic relationships with stakeholders

A
Stakeholder management (internal, government, regulators,  non-gov orgs, civil societies, industry associations, customers and suppliers)
Strat alliance with stakeholders

Customer portfolio (customer analysis and behaviour, marketing audit, customer profitability, customer retention, relationship mgmt and loyalty)

Strat supply chain mgmt

Implications of interactions with external environment for mgmt accountants

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5
Q

Ethical issues and resolutions

A

Business ethics and CIMA code of ethics (parts A and B)

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6
Q

Evaluate the strategy analysis and the strategic options

A

Vision and mission statements and their use

Process of strategy formulation

Strategic options generations (Ansoff: markets vs products and Porter: Strat advantage vs Strat Target)

Scenario planning and LRP

Business value drivers and corresponding data need and measurement

Game Theory

Real Options

Acquisition, divestment, rationalization and relocation

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7
Q

Recommend strategic options

A

Identify and evaluation strat options

Apply suitability, acceptability and feasibility (SAF) framework

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8
Q

R&R of directors in the strat formulation and implementation

A

BoD and Senior Mgmt roles (due diligence, fiduciary responsibilities and corporate social responsibility)

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9
Q

evaluate strat analysis tools

A

Resource and capability audit

Forecasting (trend, system modelling, expert opinion, Delphi method)

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10
Q

recommend on how to manage product portfolio to achieve strategic goals

A

Product portfolio management

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11
Q

Produce value chain analysis

A

Value chain analysis

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12
Q

Key impacts of organizational change

A

Impact on org culture and McK 7’s

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13
Q

Leadership in managing change, building and managing effective teams

A

Team building, collaboration, group formation, shared knowledge and accountability

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14
Q

evaluate tools, techniques and strategies to lead change

A

Managing critical periods or adaptive, evolutionary, reconstructive and revolutionary change

Tools techniques and models for org changes

Approaches styles and strategies of change mgmt

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15
Q

Evaluate change leaders

A

Change leadership and its role

The role of the change leader

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16
Q

Recommend appropriate leadership styles

A

Advantages and disadvantages of leadership styles

Mentoring and coaching to promote effective change leadership

17
Q

Evaluate alternative models and strategic performance measurement

A

Alternative SBU’s, shareholder value added (SVA), and economic value added (EVA).

Alternative measures of strat performance, balanced scorecards, performance pyramid.

18
Q

Recommend solutions in the strategic performance strategic performance measurement

A

Setting non-financial measures and their interaction with financial ones.

Evaluation of critical success factors (CSF).

Linking CSF with Key Performance Indicators (KPI’s) and corp strat.

Effective communication, stretch targets and promotion of exceptional performance.

Role of CMA in setting the strategic performance.

19
Q

Evaluate system info requirements

A

Purpose and content
Classification
Learning organization

20
Q

Advise management on knowledge management

A

knowledge mgmt system and knowledge based organizations.

21
Q

Evaluate IT/IS on organization and its strategy

A

The impact of IT, the internet on org’s

Porter’s 5 forces and Value Chain

22
Q

Evaluate the strategic and competitive impact on IS

A

Competing through exploiting data rather than technology (customer and market segment identification, collection/storage/management and analysis of data)

Aligning Information Systems with business strategies (importance, competitive advantage, necessity)

Digitisation, e-business, virtual organization, Web 2.0, Big Data, social and digital marketing

23
Q

McK 7s

A
Strategy
Structure
System
Staff
Style
Skills

surrounding: Shared Values

24
Q

Ansoff Matrix

A

Market development (geographical expansion)
Product development (product addition)
Diversification (new market, new product)
Penetration (existing market & product)

25
Q

Big data, knowledge management, learning organisations, value chain case study, game theory case study, ethics, MIS, EIS and DSS.

A

Large data sources