[Oct 15, 2021] Latest E3 Exam with Accurate E3 Strategic Management PDF Questions
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NEW QUESTION 58
You have been asked to advise a junior member of your team what qualities they should look for when identifying a coach or mentor to work with.
Place the qualities associated with effective coaching and mentoring next to the relevant statements below.
Answer:
Explanation:
NEW QUESTION 59
RRR is a medium sized company, which has built family homes in Country B for twenty years. The Board of RRR wishes to expand company operations and start building homes in the neighboring country The Board of RRR wishes to undertake a position audit to help in this decision Which of the following strategic analysis tools would be used in a position audit for RRR?
- A. PEST
- B. Five Forces
- C. SWOT
- D. Gap Analysis
Answer: D
NEW QUESTION 60
Which of the following is NOT a key attribute of a successful stretch target?
- A. Staff must understand the reason for the stretch target set.
- B. Set at a level which is easily achievable.
- C. Encourages ethically responsible behaviour to achieve the stretch target.
- D. Set at a level which motivates staff to perform at their highest level.
Answer: B
NEW QUESTION 61
ZYX is a global hotel chain, employing over 10,000 staff worldwide. ZYX operates a Code of Conduct for all of its staff, which states "Our staff are the most important assets of our business operations. We expect the highest standards of ethical and professional conduct from all staff, who must display the principles of trust, respect, equality, integrity and fairness at all times." Which THREE of the following actions could ZYX take to positively influence its staff to work to the ethical and professional principles in its Code of Conduct? (Choose three.)
- A. Interview process for staff prior to employment, to assess their understanding of ethical and professional behavior.
- B. Set performance targets in diversity and equality for its hotel senior managers.
- C. Publication on its website of ZYX's Code of Conduct and regular examples of staff displaying the highest standards of professional conduct.
- D. Disciplinary actions, such as fines, for staff who do not display high ethical and professional standards.
- E. Operate a system of reward incentives for staff who display high ethical and professional standards.
- F. Induction and on-going staff training on ZYX's Code of Conduct and ethical and professional principles.
Answer: A,E,F
NEW QUESTION 62
The following definition has been provided by the Chartered Institute of Personnel and Development (CIPD):
'An activity which targets high performance and improvement at work and usually focuses on specific skills and goals, although it may also have an impact on an individual's personal attributes (such as social interaction or confidence). The process typically lasts for a relatively short period.' Which of the following activities does the above definition describe?
- A. Coaching
- B. Work based training
- C. Leadership Development
- D. Mentoring
Answer: A
NEW QUESTION 63
OP and QR are the only two providers of electricity in country S. The demand for electricity is price-inelastic; customers regard electricity as essential and therefore demand does not change significantly if its price changes. However, customers will readily switch suppliers to obtain lower prices.
Applying game theory, select the correct long-term revenue impact for each company for each of the following pricing decisions:
Answer:
Explanation:
NEW QUESTION 64
NNN is a logistics firm that contracts with online retailers (clients) to deliver parcels containing customers' purchases, to customers' home addresses. NNN holds inventory of the most frequently ordered products at its warehouses.
According to industry research, most clients require the contractors to deliver the customers their purchases soon after they place their order. They are not concerned with the environmental impact of the logistics process. They require very competitive delivery prices from their contractors.
Customer research reveals that households dislike being asked to stay at home for an entire day because logistics firms are unwilling to commit themselves to a precise delivery time. This problem has led to a small number of cases of customers arriving at the warehouses of logistics firms demanding to take their purchases away with them. Most households do not consider the environmental policies or performance of the firms they buy from.
The logistics industry is very competitive and NNN wants to protect its existing contracts and to win more. It needs to focus its resources on the 'things that must go right' in order for it to succeed.
Which THREE of the following are Critical Success Factors (CSFs) for NNN?
- A. Warehouses in areas of lowest feasible operating cost.
- B. A comprehensive policy on emissions and Corporate Social Responsibility (CSR).
- C. Business processes that deliver to households at the promised time + or - 15 minutes.
- D. A car park and waiting room for customers at each warehouse.
- E. A shorter average time between receipt of an instruction from its client and delivery to the customer.
Answer: A,D,E
NEW QUESTION 65
JJJ is a public ally quoted advertising agency. JJJ's competitive advantage is based on the expertise of its staff and its reputation in digital media advertising JJJ has robust systems to protect its intellectual property These include patents and copyrights JJJ has also restricted access for most of its staff to its most sensitive data, such as studies of its customers' profitability.
JJJ's new Managing Director, Z, is concerned that when staff leave JJJ, the company loses whatever tacit knowledge they possess. These losses also impact on JJJ's reported profits In order to remedy the losses of knowledge and the reduced profits Z wants to introduce a knowledge management strategy Which of the following steps support the introduction of a knowledge management strategy?
Select ALL that apply
- A. JJJ should integrate knowledge management and management accounting
- B. JJJ needs to acquire and install appropriate hardware and software.
- C. should set a target for reported profit
- D. Z should gain the support of the Board of Directors
- E. JJJ should unfreeze current habits and standard operating procedures.
- F. JJJ should convince staff of the benefits of sharing their tacit knowledge.
Answer: C,F
NEW QUESTION 66
Select the MOST appropriate leadership style to manage each change situation outlined below.
Answer:
Explanation:
NEW QUESTION 67
MNO has decided to widen the scope of its performance measurement by constructing and using a Balanced Scorecard. MNO has established a range of Key Performance Indicators (KPI's) for use within its Balanced Scorecard.
Place each of the Balanced Scorecard perspectives against the most relevant KPI.
Answer:
Explanation:
NEW QUESTION 68
Organizations have a variety of stakeholders, each with differing interests and requirements. This can lead to stakeholder conflict. This can be further complicated when individuals are members of more than one stakeholder group and when members of one group do not share the same principal interest.
Company FF has decided that it needs to undertake a stakeholder analysis in order to manage its stakeholders more effectively.
Which of the following statements are valid when undertaking stakeholder analysis?
Select ALL that apply.
- A. Establishes stakeholder interests and claims on the Organization.
- B. Considers how to prevent stakeholder trouble before it starts.
- C. The analysis enables priorities to be set to minimize power clashes.
- D. Determines the degree of power that each group holds.
- E. The analysis only focuses on quantitative matters.
Answer: A,C,D
NEW QUESTION 69
PPP uses the Boston Consulting Group Matrix (BCG Matrix) to prioritise products for investment and divestment. PPP invests or divests according to the quadrant of the BCG Matrix that the product occupies.
Which TWO of the following quadrants might receive only as much investment as required to maintain PPP's relative market share?
- A. Question marks
- B. Stars
- C. Cash cows
- D. Dogs
Answer: B,C
NEW QUESTION 70
Porter suggests that competitive advantage can be attained by organising value-adding activities in support of the generic strategies which he identified.
Place the appropriate generic strategy against each of the value-adding activities.
Answer:
Explanation:
NEW QUESTION 71
PQ is an international airline.
In accordance with Porter's Value Chain, select "Primary" or "Support" for each of the activities listed below:
Answer:
Explanation:
NEW QUESTION 72
A fresh-food packaging manufacturer has recently changed the design of its packaging in order to reduce the amount of non-recyclable material. Its immediate customer, a large fresh-food wholesaler, does not see the need for this re-design as it believes that it will adversely affect the storage of the fresh food. However, the final customer, a large supermaket chain, has expressed strong interest in the new packaging design, as the supermarket chain has strict Corporate Social Responsibility targets to achieve.
Which of the following statements most appropriately describes the situation outlined above, from the perspective of the fresh-food packaging manufacturer?
- A. Upstream supply chain management
- B. Downstream supply chain management
- C. Pull supply chain management
- D. Value Chain management
Answer: B
NEW QUESTION 73
You are a Management Accountant working for an Organization that includes commitments to 'sustainability' in its mission statement.
Which THREE of the following are contributions that a Management Accountant can make to the achievement of this part of the Organization's mission statement?
- A. Integrated reporting of the triple bottom line of Profits, People and Planet.
- B. Measures of Organization's use of non-renewable resources and environmental emissions.
- C. Providing financial information with all non-recurring expenditures and incomes removed.
- D. Ensuring the Organization adopts the lowest cost technologies and suppliers.
- E. Project evaluations that include the externalities as well as the cash costs.
Answer: A,B,E
NEW QUESTION 74
An insurer, JJJ, uses its Internet capabilities to promote and sell car and home insurance products.
Although JJJ is supported by an 'in-house' call centre located in its home country, it has decided to outsource this activity to an overseas call centre.
There are a number of benefits to the company by undertaking this strategy, including that it can charge more competitive premiums to its customers and also increase its profits. However this change will mean that
75 call centre staff in the home country will be made redundant.
You have been appointed as the Change Leader and have been asked to prepare a report that includes details on how this change can be communicated.
Which THREE of the following statements are valid regarding JJJ's proposed changes and the related staff communications?
- A. When undertaking change, communication is of great importance.
- B. A disadvantage of adaptive change is that it increases the level of resistance that a company can encounter when trying to implement change.
- C. It is important that the Change Leader selects a communication channel which is appropriate to the message being delivered and its target audience.
- D. The Change Leader should keep staff informed but should only communicate information when all the detail has been finalised.
- E. Momentum for change can be created by putting simple but highly visible improvements in place.
Answer: A,C,E
NEW QUESTION 75
Plush is a medium-sized hotel which recently opened on the outskirts of a city which is popular with tourists.
It has a sophisticated website which allows customers to pre-book rooms and additional items, such as meals in its restaurant and tickets for popular tourist attractions in the city Plush has listed its website on a popular hotel price comparison website, which allows customers to compare prices and facilities of hotels in the same area and this has resulted in over 60% of Rush's customer bookings so far Since listing on the price comparison website, the Sales Manager of Plush has noticed that the prices offered by its nearest competitors have reduced dramatically and their range of special offers have also increased.
Which TWO of Porter's Five Forces have been most affected by the use of the price companson website by the hotels in the same area as Plush?
- A. Bargaining power of suppliers
- B. Competitive rivalry
- C. Bargaining power of customers
- D. Threat of new entrants
- E. Threat of substitutes
Answer: B,D
NEW QUESTION 76
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