P3 - Basic Revision Q & a Selected Topics

7/29/2019 P3 - Basic Revision Q & a Selected Topics

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Q.1

Explain, with the help of a diagram, the

activities included in the process ofpreparing a strategic plan.


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Q.2Explain the essential characteristics of two

approaches i.e. Strategic Planning and

Freewheeling Opportunism ..what arethe advantages and disadvantages of the

two approaches ?


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Q.3Explain in what circumstances you would

recommend an organisation to adopt (i)

Strategic Planning (ii) FreewheelingOpportunism ?


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Q.4

Identify five competitive forces in the

environment of a firm and to discuss thethreat posed to the firm by each of these

forces.


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Q.5

Michael Porter suggests that there are three

generic strategies for creating and

sustaining superior performance. Thesestrategies are overall cost leadership,

differentiation and focus.

Describe each of these strategies and indicatehow each will result in competitive

advantage.


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Q.6

Explain what you regard as a logical start

point for the strategic planning process ?


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Q.7

Describe how the following could be used by

an organisation wishing to generate

strategies :(i) Porters model of generic strategies

(ii) Ansoffs (product-market expansion)

matrixYou should supplement your description with

diagrams.


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Q.8

Explain the limitations of the two models

which you have described in your answerabove for Q.7


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Q.9

Explain why a company might follow a policy

of conglomerate diversification ?


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Q.10

Explain why a company might follow a policy

of demerger ?


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Q.11

Draw Ansoffs Product/ Market Expansion

Grid. Explain how this might be used in theformulation of corporate strategy.


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Diversification


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Q.12

Describe the categories of diversification

available to an organisation


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Q.13

Discuss the advantages and disadvantages of

using the process of merger to effectdiversification.


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Q.14

Appraise the validity of a company pursuing a

policy of diversification in an economywhich has free capital markets.


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Q.15

Explain what advantages are likely to accrue

to the purchaser of an established brandname from an under capitalized supplier of

consumer products ?


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Q.16

Explain how far the choice of operational

strategy after an acquisition needs to takeaccount of policies implemented by

previous managements.


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Q.17

Draw and label the BCG Product Market

Portfolio Matrix .Explain the meaning ofeach of the quadrants which you have

drawn.

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Q.18

Discuss the limitations of the BCGs product

market portfolio model.

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Q.19

Suggest a system of classification of models

and to explain where you would classify theBCGs Product Market Portfolio.

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Q.20

The concept of the product life cycle is one of the most

widely known marketing models. However when the

model is applied to real products, there are some

apparent anomalies. For example: (a) the very highfailure rate of new products (b) products in the

mature stage of their cycle for many years, but not

declining.

Explain the extent to which the above anomalies

invalidate the concept of the Product Life Cycle.

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Q.21

Describe the means by which a product

manager can influence both the duration ofa products life cycle and the stage the

product is occupying.

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Q.22

Describe the contribution that the

management accountant can make to themanagement of product life cycles.


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Financial Criteria - PLC


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Explain why a direct relationship between the

costs of production and a selling price maybe inappropriate as a pricing strategy ?

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Documents

P3 - Basic Revision Q & a Selected Topics