E3 - Strategic Management Question Tutorial: CIMAPRO15-E03-X1-ENG

RRR is an insurance company which maintains an extensive database of its customer transactions over the last 10 years. RRR is developing a new product and has carried out a SWOT analysis. Within which of the following aspects of the SWOT analysis would RRR include its customer database?

A. Opportunity

B. Threat

C. Weakness

D. Strength

You have been given responsibility, as a newly qualified management accountant, for delivering an ambitious project to centralize and computerize the accounts function within a medium-sized, geographically dispersed business. The timetable also requires the project to be delivered within a very short timescale with limited resources. You have built a team to deal with these proposed changes.

With regard to effective teams and change, which THREE of the following statements are correct? (Choose three.)

A. Teams that cross departmental boundaries can destroy shared values.

B. Teams play minor roles in institutional change.

C. Individuals must become more than they were when working alone and must develop new commitments and behaviors.

D. Teams should continue after their purpose has been served.

E. Teams that cross departmental boundaries can develop new performance criteria.

F. Teams enhance learning and address change directly through creating recommendations and new ideas.

Which of the following would be likely to encourage an organization to use Scenario Planning? (Choose all that apply.)

A. The organization often experiences 'group-think', leading to a narrow view of the future.

B. Competitor's are increasingly using Scenario Planning as part of their strategy formulation process.

C. The organization has achieved all of its objectives and operates within a stable external environment.

D. The organization has not previously experienced any major surprises or expensive strategic mistakes.

E. Uncertainty in the industry is high, relative to management's ability to predict or adjust to change.