Strategy evaluation and control

CSME – Nov 2016 – L2 – Q6 – Stakeholder Management

Analyse stakeholder influence on strategic decisions using Mendelow’s Framework.

Question

Strategic Analysis in any company is the balance of power between the stakeholder groups and the relative power and influence of each group.

Required:

Prepare a presentation using Mendelow’s Framework to analyse the stakeholders’ influence over strategic actions or decisions.

Answer

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Tags: Influence, Mendelow’s Framework, Stakeholder Power, Strategic Actions
Level: Level 2

Topic: Stakeholder Management, Strategy evaluation and control
Series: NOV 2016

CSEG – Nov 2015 – L2 – Q4b – Strategy evaluation and control

Identify and explain five elements of the Ms Model used in resource audits for strategy evaluation and control.

Question

Strategy evaluation is as important as strategy formulation. One of the tools used in resource audit as part of strategy evaluation and control is the Ms Model. Identify and explain any FIVE (5) elements in the Ms Model. [5marks]

Answer

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Tags: Internal analysis, Ms Model, Resource audit, Strategic Management
Level: Level 2

Topic: Strategy evaluation and control
Series: NOV 2015

CSEG – Nov 2018 – L2 – Q4 – Strategy evaluation and control

Discuss how the Balanced Scorecard can assist in delivering the company’s vision and strategy and explain its limitations.

Question

An insurance company has developed a new mission statement following a detailed analysis of the company’s operations and marketplace. The mission statement states: “We want to continually grow through our commitment to quality and delivering quality to customers.”

The management developed the following set of vision statements to complement the mission statement:

Provide superior returns to our shareholders
Continually improve our business processes
Delight our customers
Learn from our mistakes and work smarter in the future

Required:

a) Advise on how the Balanced Scorecard can assist the insurance company in delivering its vision and strategy. (12 marks)

b) Explain FOUR (4) limitations of the Balanced Scorecard. (8 marks)

Answer

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Tags: Balanced Scorecard, Corporate Vision, Performance Measurement, Strategic Management, Strategy
Level: Level 2

Topic: Strategy evaluation and control
Series: NOV 2018

CSEG – May 2016 – L2 – Q2a – Strategy evaluation and control

Describe the four perspectives of a balanced scorecard and explain three problems associated with its use in strategic management.

Question

The Balanced Scorecard approach has been embraced as an effective model for generating information to assist management in formulating and achieving strategic policies. It emphasizes the need to provide management of an organisation with a set of information which addresses all relevant areas of performance in an objective and unbiased fashion.

You are the Management Accountant of McGinate Incorporated, a local printing and publishing house located in the regional capital of Ashanti. Your CEO has asked you to brief him further on the balanced scorecard approach.

Required: In a memo to the CEO: i) Describe FOUR perspectives of a balanced scorecard. (8 marks) ii) Explain THREE problems usually associated with the use of this approach for strategic management. (6 marks)

Answer

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Topic: Strategy evaluation and control
Series: MAY 2016

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

Question

The chairman of Adama Group, which is large and diversified, has expressed concern about the inadequacies of the present voluminous monthly reports submitted to the Board. He acknowledges that it compares budget and actual results for all operations, and that it contains extensive reporting of non-financial indicators such as customer satisfaction and factory performance towards Total Quality Management (TQM). However, he regards much of this as operational detail, and considers that the report should place more emphasis on strategic issues.

A strategy consultant is currently assisting the Group to implement a Balanced Scorecard to effectively monitor the performance of managers.

Required:

i) Explain THREE strategic issues that should engage the attention of the Board of Directors of Adama Group. (6 marks)

ii) Explain how Balanced Scorecard can be used to monitor and measure performance in Adama Group. (10 marks)

Answer

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Tags: Benchmarking, Performance Improvement, Strategic Management
Level: Level 2

Topic: Strategy evaluation and control
Series: MAY 2017

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

Question

In the business world, companies use benchmarking as a point of reference. Benchmarking occurs across all types of companies and industries. Many companies have positions or offices that are in charge of benchmarking.

Required:

i) Explain the term benchmarking. (2 marks)

ii) Explain FOUR advantages companies gain from benchmarking. (8 marks)

Answer

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Tags: Benchmarking, Performance Improvement, Strategic Evaluation
Level: Level 2

Topic: Strategy evaluation and control
Series: NOV 2017

CSEG – Nov 2017 – L2 – Q5a – Strategy evaluation and control

Explain the limitations of financial measures for evaluating performance and describe financial and non-financial measures that can be used.

Question

During the past year, the management of Doncat Limited faced many challenges, including several customer complaints, loss of some key customers, and a high level of employee turnover. At a meeting of the Board of Directors, the Chief Executive Officer presented a report on the financial performance of the company during the period and, in his closing remarks, he said, “Overall, we have done very well, notwithstanding the challenges we faced.” Some members of the Board were not happy with these remarks and accused him of doing a “partial evaluation” of the company.

Required:

i) Explain FOUR limitations of the use of financial measures for evaluating the performance of the company. (6 marks)

ii) Describe THREE financial measures and THREE non-financial measures that Doncat Limited may use to evaluate its performance. (9 marks)

Answer

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Tags: Financial measures, Non-Financial Measures, Performance Evaluation
Level: Level 2

Topic: Strategy evaluation and control
Series: NOV 2017

CSME – Nov 2016 – L2 – Q6 – Stakeholder Management

Analyse stakeholder influence on strategic decisions using Mendelow’s Framework.

Question

Strategic Analysis in any company is the balance of power between the stakeholder groups and the relative power and influence of each group.

Required:

Prepare a presentation using Mendelow’s Framework to analyse the stakeholders’ influence over strategic actions or decisions.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Influence, Mendelow’s Framework, Stakeholder Power, Strategic Actions
Level: Level 2

Topic: Stakeholder Management, Strategy evaluation and control
Series: NOV 2016

CSEG – Nov 2015 – L2 – Q4b – Strategy evaluation and control

Identify and explain five elements of the Ms Model used in resource audits for strategy evaluation and control.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Internal analysis, Ms Model, Resource audit, Strategic Management
Level: Level 2

Topic: Strategy evaluation and control
Series: NOV 2015

CSEG – Nov 2018 – L2 – Q4 – Strategy evaluation and control

Discuss how the Balanced Scorecard can assist in delivering the company’s vision and strategy and explain its limitations.

Question

The management developed the following set of vision statements to complement the mission statement:

Provide superior returns to our shareholders
Continually improve our business processes
Delight our customers
Learn from our mistakes and work smarter in the future

Required:

a) Advise on how the Balanced Scorecard can assist the insurance company in delivering its vision and strategy. (12 marks)

b) Explain FOUR (4) limitations of the Balanced Scorecard. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Balanced Scorecard, Corporate Vision, Performance Measurement, Strategic Management, Strategy
Level: Level 2

Topic: Strategy evaluation and control
Series: NOV 2018

CSEG – May 2016 – L2 – Q2a – Strategy evaluation and control

Describe the four perspectives of a balanced scorecard and explain three problems associated with its use in strategic management.

Question

Answer

Find Related Questions by Tags, levels, etc.

Topic: Strategy evaluation and control
Series: MAY 2016

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

Question

A strategy consultant is currently assisting the Group to implement a Balanced Scorecard to effectively monitor the performance of managers.

Required:

i) Explain THREE strategic issues that should engage the attention of the Board of Directors of Adama Group. (6 marks)

ii) Explain how Balanced Scorecard can be used to monitor and measure performance in Adama Group. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Performance Improvement, Strategic Management
Level: Level 2

Topic: Strategy evaluation and control
Series: MAY 2017

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

Question

Required:

i) Explain the term benchmarking. (2 marks)

ii) Explain FOUR advantages companies gain from benchmarking. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Performance Improvement, Strategic Evaluation
Level: Level 2

Topic: Strategy evaluation and control
Series: NOV 2017

CSEG – Nov 2017 – L2 – Q5a – Strategy evaluation and control

Explain the limitations of financial measures for evaluating performance and describe financial and non-financial measures that can be used.

Question

Required:

i) Explain FOUR limitations of the use of financial measures for evaluating the performance of the company. (6 marks)

ii) Describe THREE financial measures and THREE non-financial measures that Doncat Limited may use to evaluate its performance. (9 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial measures, Non-Financial Measures, Performance Evaluation
Level: Level 2

Topic: Strategy evaluation and control
Series: NOV 2017

Topic: Strategy evaluation and control

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CSME – Nov 2016 – L2 – Q6 – Stakeholder Management

Analyse stakeholder influence on strategic decisions using Mendelow’s Framework.

CSEG – Nov 2015 – L2 – Q4b – Strategy evaluation and control

Identify and explain five elements of the Ms Model used in resource audits for strategy evaluation and control.

CSEG – Nov 2018 – L2 – Q4 – Strategy evaluation and control

Discuss how the Balanced Scorecard can assist in delivering the company’s vision and strategy and explain its limitations.

CSEG – May 2016 – L2 – Q2a – Strategy evaluation and control

Describe the four perspectives of a balanced scorecard and explain three problems associated with its use in strategic management.

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

CSEG – Nov 2017 – L2 – Q5a – Strategy evaluation and control

Explain the limitations of financial measures for evaluating performance and describe financial and non-financial measures that can be used.

CSME – Nov 2016 – L2 – Q6 – Stakeholder Management

Analyse stakeholder influence on strategic decisions using Mendelow’s Framework.

CSEG – Nov 2015 – L2 – Q4b – Strategy evaluation and control

Identify and explain five elements of the Ms Model used in resource audits for strategy evaluation and control.

CSEG – Nov 2018 – L2 – Q4 – Strategy evaluation and control

Discuss how the Balanced Scorecard can assist in delivering the company’s vision and strategy and explain its limitations.

CSEG – May 2016 – L2 – Q2a – Strategy evaluation and control

Describe the four perspectives of a balanced scorecard and explain three problems associated with its use in strategic management.

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

CSEG – Nov 2017 – L2 – Q5a – Strategy evaluation and control

Explain the limitations of financial measures for evaluating performance and describe financial and non-financial measures that can be used.

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Topic: Strategy evaluation and control

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CSME – Nov 2016 – L2 – Q6 – Stakeholder Management

Analyse stakeholder influence on strategic decisions using Mendelow’s Framework.

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CSEG – Nov 2015 – L2 – Q4b – Strategy evaluation and control

Identify and explain five elements of the Ms Model used in resource audits for strategy evaluation and control.

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CSEG – Nov 2018 – L2 – Q4 – Strategy evaluation and control

Discuss how the Balanced Scorecard can assist in delivering the company’s vision and strategy and explain its limitations.

You're reporting an error for "CSEG – Nov 2018 – L2 – Q4 – Strategy evaluation and control"

CSEG – May 2016 – L2 – Q2a – Strategy evaluation and control

Describe the four perspectives of a balanced scorecard and explain three problems associated with its use in strategic management.

You're reporting an error for "CSEG – May 2016 – L2 – Q2a – Strategy evaluation and control"

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

You're reporting an error for "CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control"

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control"

CSEG – Nov 2017 – L2 – Q5a – Strategy evaluation and control

Explain the limitations of financial measures for evaluating performance and describe financial and non-financial measures that can be used.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q5a – Strategy evaluation and control"

CSME – Nov 2016 – L2 – Q6 – Stakeholder Management

Analyse stakeholder influence on strategic decisions using Mendelow’s Framework.

You're reporting an error for "CSME – Nov 2016 – L2 – Q6 – Stakeholder Management"

CSEG – Nov 2015 – L2 – Q4b – Strategy evaluation and control

Identify and explain five elements of the Ms Model used in resource audits for strategy evaluation and control.

You're reporting an error for "CSEG – Nov 2015 – L2 – Q4b – Strategy evaluation and control"

CSEG – Nov 2018 – L2 – Q4 – Strategy evaluation and control

Discuss how the Balanced Scorecard can assist in delivering the company’s vision and strategy and explain its limitations.

You're reporting an error for "CSEG – Nov 2018 – L2 – Q4 – Strategy evaluation and control"

CSEG – May 2016 – L2 – Q2a – Strategy evaluation and control

Describe the four perspectives of a balanced scorecard and explain three problems associated with its use in strategic management.

You're reporting an error for "CSEG – May 2016 – L2 – Q2a – Strategy evaluation and control"

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

You're reporting an error for "CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control"

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control"

CSEG – Nov 2017 – L2 – Q5a – Strategy evaluation and control

Explain the limitations of financial measures for evaluating performance and describe financial and non-financial measures that can be used.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q5a – Strategy evaluation and control"

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