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Enterprise Strategy CIMA Paper E3.

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Presentation on theme: "Enterprise Strategy CIMA Paper E3."— Presentation transcript:

1 Enterprise Strategy CIMA Paper E3

2 1 Session CIMA Verb Hierarchy

3 CIMA verb hierarchy – strategic level
at strategic level, you will usually encounter verbs from levels 3, 4 and 5 of the CIMA hierarchy you must avoid giving a “level 2 response to a level 5 verb” (common examiner’s comment)

4 CIMA verb hierarchy – levels 3, 4 and 5
CIMA verb hierarchy – strategic level Level 3 Level 4 Level 5 To apply To calculate To demonstrate To prepare To reconcile To solve To tabulate To analyse To categorise To compare and contrast To construct To discuss To interpret To prioritise To produce To advise To evaluate To recommend Learn the meaning of each of these verbs, and follow the instructions in exam requirements specifically

5 2 Session The process of strategy formulation

6 Strategy Question and Process
A means to achieve the objectives… A basis for competitive advantage… Two Basic Questions Where to Compete How to Compete

7 Strategic Planning Process
Internal Env Mission and Objectives Position Audit Options Evaluation and Choice Implementation and Control External Env


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