CA IPCC STRATEGIC MANAGEMENT TIPS FOR Nov 17 EXAMS
CA IPCC STRATEGIC MANAGEMENT Some Examination related tips for Nov 2017 Exams
It is advisable to all the students to attempt the compulsory question. A few more hints with regard to the approach for attempting the various types of examination questions in the subject are oﬀered as under:
(a) Correct/Incorrect with Comments type questions: Here, you have to brieﬂy explain the statement in your own words on what it is about. Then, examine the extent to which and the conditions under which the statement is valid. Outline the limitations of the statement
(b) Short Notes: Your answer should be precise, brief, and to the point. Not much explanation is required in answering short-note questions. You have to write the essential aspects in a nutshell. You can score well in short notes, by making a neat and concise presentation of the relevant subject matter.
(c) Essay type Questions: Give a brief introduction by way of deﬁning the relevant concepts. Reach the heart of the question and explain the major features or matters in a logical point-wise manner with sub- headings for each point. Give a few examples in support of your reasoning. Never deviate from the main thrust of the question. Cover as many points as are reasonably necessary to do justice to the question. Avoid going round and round by harping on one or two points repetitively in diﬀerent ways.
CA IPCC STRATEGIC MANAGEMENT TIPS FOR Nov 17 EXAMS
CA IPCC STRATEGIC MANAGEMENT is the most easy and difficult paper for IPCC at the same time. The study material in the subject is comprehensive enough to be relied on by the students to acquire reasonable working knowledge to perform well in the examination. The only requirement is that the students have to develop keen interest in the subject right from the beginning of their CA studies.
It has been noticed that often students tend to feel that this subject can be easily crammed in a couple of days in a practical scenario. For this purpose, they must read Business Magazines/Journals, Financial Newspapers, etc. Students will ﬁnd innumerous examples of strategic relevance around them. These examples may relate to introduction of new products, mergers, diversification, sell oﬀ and so on. Student can make a habit to discuss such strategic actions of business with other students, to analyze and understand the circumstances under which such decisions are taken and the beneﬁts and the risks emerging out of it.
Stretergy for CA IPCC STRATEGIC MANAGEMENT in daigramatic form :
Chapter-wise tips are given below: CA IPCC STRATEGIC MANAGEMENT TIPS FOR Nov 17 EXAMS
CA IPCC STRATEGIC MANAGEMENT Chapter One– Business Environment: This chapter of study material covers all about the Business Environment. In this chapter, the study material covers the meaning and objectives of a business, environmental eﬀect on business, environmental analysis, and characteristics of business environment. For this, students should read the economy related news and articles in business magazines/Newspapers, to understand real life business environmental factors which directly or indirectly help in or impair the organizational functioning. After understanding the concept of business environment, students should thoroughly study the elements of micro business environment and macro business environment which are extensively deﬁned in this chapter. To gain a deeper understanding of competitive environment of a business organization, Michael Porter’s ﬁve forces model has been included in this chapter.
CA IPCC STRATEGIC MANAGEMENT Chapter Two–Business Policy and Strategic Management: This chapter depicts the path of strategic management. Students should carefully understand the meaning and nature of corporate strategy. After understanding the concept of strategic management, students should go through the framework and importance of strategic management. Further, strategic decision making and strategic management model are also introduced. Later, students should learn the strategic vision, mission, objectives and goals along with the levels of strategic management. You can browse websites of some of the major companies and study their vision and mission.
CA IPCC STRATEGIC MANAGEMENT Chapter Three–Strategic Analysis: This chapter is completely dedicated to strategic analysis. Students should understand situational analysis, SWOT analysis, TOWS matrix along with methods of industry and competitive analysis. For practical knowledge, students can conduct SWOT analysis of one or two leading organizations. Portfolio analysis is also introduced in this chapter covering BCG matrix, Ansoﬀ ’s matrix, ADL matrix, GE model.
CA IPCC STRATEGIC MANAGEMENT Chapter Four–Strategic Planning: Strategic planning is deﬁned in this chapter. After understanding the concept of strategic planning, students should go through corporate strategy formulation and implementation process with its ﬁve stages. Further, students should learn the strategic alternatives given by Glueck and Jauch and Michael Porter’s generic strategies. This chapter also elucidates diﬀerent strategies including diversiﬁcation, divestment, retrenchment and turnaround. These strategic alternatives can be clearly understood by reading the articles published in various business magazines, Newspapers etc. In the last few years, Indian companies have done some major global merger and acquisitions. So, the various types of mergers are also included in this chapter.
CA IPCC STRATEGIC MANAGEMENT Chapter Five–Formulation of Functional Strategy: This chapter explains various functional strategies, viz; marketing, ﬁnance and human resources. Students should also focus on the areas covered by each functional strategy.
CA IPCC STRATEGIC MANAGEMENT Chapter Six–Strategy Implementation and Control: Strategic management process does not end with the decision. In this chapter, the issues and interrelationships between strategy formulation and implementation are discussed. The chapter considers the organization structure for strategy implementation and covers, (SBUs), matrix structure, network structure and hourglass structure. Later, strategic leadership is discussed. The chapter reveals the leadership role in strategic implementation and also explains the two basic approaches of leadership styles, viz., transformational leadership and transactional leadership style.
It also introduces the steps to initiate strategic change along with Kurt Lewin change process. Control function of strategic management is also introduced.
CA IPCC STRATEGIC MANAGEMENT Chapter Seven–Reaching Strategic Edge: In this last chapter, students should learn some of the recent and evolving concepts in strategic management such as BPR, benchmarking, TQM and six sigma. Some of the contemporary strategic issues are also introduced in this chapter.