Company W manufactures marshmallows for sale to supermarkets across Europe. W follows a logical and formal approach to strategic planning. Which of the following are valid stages of such a rational strategic planning model? Select ALL that apply.

As a CIMA qualified Management Accountant working within a manufacturing company, you are subject to both CIMA ' s Code of Ethics and your company ' s Code of Business Conduct.

Which of the following statements are TRUE?

Select ALL that apply.

Directors have a duty to shareholders and other stakeholders and are required to promote the success of the company.

Which THREE of the following are valid roles and responsibilities of directors? (Choose three.)

CCC is a local authority based in Country M. A local authority (LA) is a public sector Organization which has administrative responsibilities within a geographical area and is responsible for the provision of a range of public services within its area including schools, leisure, policing and housing.

The majority of CCC ' s income comes from central Government funding. In the last four years, the global economic downturn has resulted in the central Government of Country M having to drastically cut its funding to all LAs. Six months ago, CCC appointed a new Chief Executive who, since his arrival, has attempted to make a number of changes to the Organizational culture and structure of CCC. He has stated that these changes are essential if CCC is to continue to operate effectively within the current economic environment. The Government of Country M has recently announced that all LA ' s must reduce their overall expenditure from current levels by 15% within the next year.

Which of the following types of change is CCC experiencing?

When FarmCot Foods was founded five years ago, it was a small shop set up by a family of dairy farmers in a disused farm shed, selling their own produce to the local community. The family had decided, at that point in time, to diversify their dairy farming activities into also selling their own milk, cheese and ice cream products. The aim was to increase their revenues, as dairy farming in their home country had been in decline for a number of years.

Since then, the shop has been very successful and has expanded rapidly over the last three years, due largely to a strong growth in tourism in its home country and a shift in consumer demand for locally sourced fresh farm products. FarmCot Foods is now located in a large purpose-built building on the site of the original farm shed and also operates a very popular café, a children ' s play area and sells a much wider range of products and gifts, which are all sourced from local suppliers.

Which of the following best describes FarmCot Foods approach to strategy development in the last five years?

The Financial Director (FD) of your company has heard it said that 80% of profits come from 20% of customers. The FD has accused the sales team of wasting time on serving customers who are not valuable to the business.

 The FD has instructed you to take a random sample of 100 customers and to calculate the total contribution the company earned from each customer in the past year. The FD intends to instruct the sales team to stop selling to the bottom 25% of these customers in order to improve profitability.

Which THREE of the following factors should the FD consider when he interprets your results?

An organisation which exists in a fast-changing industry with managers who dislike formal planning would be best suited to using which of the following strategy models?

AAA manufactures and sells a range of travel suitcases. One model, the ' Executive '  has seen sales growth of around 3% for the last two years, following strong growth since its introduction eight years ago. This slow down in the  ' Executive '  sales growth is largely due to AAA ' s competitors offering products in direct competition with the  ' Executive ' . AAA has therefore had to reduce its price to match those of its major competitors. AAA has also recently upgraded the features of the ' Executive ' model to include a variety of different colours and materials. It has also launched a marketing campaign to promote the benefits of the  ' Executive ' model against its competitors products.

Which stage of the product life cycle has the ' Executive ' model of suitcases reached?

DF Company is undertaking a strategic review of its activities and has asked you to explain how a Force Field analysis would assist in the review process.

Which of the following statements would be most appropriate?

GGG is currently undertaking a process of intuitive forecasting. A team of ten people has been selected from all levels of management and from a range of functional departments, to take part in the process. An initial single question of ' How do we improve future customer satisfaction levels for GGG? ' has been posed and all members of the team have been asked to present a suggestion. No one is allowed to criticise another person ' s ideas. This process should give GGG a forum for the expression and discussion of a wide range of ideas.

Which of the following intuitive forecasting techniques is GGG undertaking?