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CIMA Strategic level E3 Strategic management

CIMA Strategic level E3 Strategic management

CIMA Strategic level E3 Strategic management  – CIMA Strategic level E3 Strategic management builds on the insights gained from E1 and E2 about how organisations effectively implement their strategies by aligning their structures, people, process, projects and relationships. E3 aims to develop the skills and abilities of the strategic leaders of organisations, enabling them to create the vision and direction for the growth and long-term sustainable success of the organisation. This involves successfully managing and leading change within the process of strategy formulation and implementation.

CIMA Strategic level E3 Strategic management Syllabus Structure

CIMA Strategic level E3 Strategic management subject is divided into a number of broad syllabus topics.

A percentage weighting is shown against each syllabus topic and is intended as a guide to the proportion of study time each topic requires.

It is essential that all topics in the syllabus are studied, as all topics will be examined. The weightings do not specify the number of marks that will be allocated to topics in the examination.

WeightSyllabus topic
20% A. Interacting with the organisation’s environment
30% B. Evaluating strategic position and strategic options
20% C. Leading change
15% D. Implementing strategy
15% E. The role of information systems in organisational strategy

Learning Outcomes and Syllabus Content:

ALL learning outcomes will be tested in this exam and so it is important you cover each learning outcome below for each section of the exam.

I recommend you look to truly understand a learning outcome through reading, note taking, regular question practice and review, before moving onto the next.

If you can master all the learning outcomes, you will pass!

Section A: Interacting with the Organisation’s Environment – 20%

Learning outcomes:

  • A1(a) Evaluate the influence and impact of the external environment on an organisation and its Strategy
  • A1(b) Recommend approaches to business/government relations and to relations with society
  • A1(c) Discuss the drivers of external demands for environmental sustainability and corporate social responsibility and the organisation’s response
  • A1(d) Recommend how to build and manage strategic relationships with stakeholders (including suppliers, customers, owners, government and the wider society).
  • A2(a) Evaluate ethical issues and their resolution within a range of organisational contexts

Key topics/theories:

  • SWOT analysis and PEST(EL)
  • Porter’s Five forces model
  • Competitor analysis
  • Mendelow’s power/ interest matrix
  • Corporate Social Responsibility (CSR)
  • Supply Chain Management (SCM)
  • Business ethics and the CIMA Code of Ethics

Section B: Evaluating Strategic Position and Strategic Options – 30%

Learning outcomes:

  • B1(a) Evaluate the processes of strategic analysis and strategic options generation
  • B1(b) Recommend strategic options
  • B1(c) Discuss the role and responsibilities of directors in the strategy formulation and implementation process
  • B2(a) Evaluate strategic analysis tools
  • B2(b) Recommend how to manage the product portfolio of an organisation to support the organisation’s strategic goals
  • B2(c) Produce an organisation’s Value Chain.

Key topics/theories:

  • Strategy formulation
  • Scenario planning
  • Ansoff’s product/ market growth framework
  • Porter’s generic strategies
  • Boston Consulting Group (BCG)’s growth/ share matrix
  • Product life cycle
  • Porter’s value chain

Section C:  Leading Change – 20%

Learning outcomes:

  • C1 (a) Evaluate the key impacts of organisational change on organisations
  • C1 (b) Evaluate the role of leadership in managing the change process and building and managing effective teams
  • C2 (a) Evaluate tools, techniques and strategies for managing and leading the change process
  • C3 (a) Evaluate the role of the change leader in supporting strategy implementation
  • C3 (b) Recommend appropriate leadership styles within a range of organisational change contexts.

Key topics/theories:

  • Change management and Business Process Re-engineering (BPR
  • Greiner’s 5 stages of growth
  • Lewin’s 3 stage change model (Unfreeze-Change-Refreeze)

Section D: Implementing Strategy – 15%

  • D1 (a) Evaluate alternative models of strategic performance measurement in a range of business contexts
  • D1 (b) Recommend solutions to problems in strategic performance measurement.

Key topics/theories:

  • Bench marking
  • The balance scorecard
  • KPI’s and CSF’s
  • Shareholder value added (SVA) and economic value added (EVA).
  • The performance pyramid
  • Controls – corporate strategy (long term), budgetary control (medium term), variance analysis (short term)

Section E: The Role of Information Systems in Organisational Strategy – 15%

Learning outcomes:

  • E1 (a) Evaluate the information systems required to sustain the organisation
  • E1 (b) Advise managers on the development of strategies for knowledge management.
  • E2 (a) Evaluate the impact of IT/IS on an organisation and its strategy
  • E2 (b) Evaluate the strategic and competitive impact of information systems, including the potential contribution of Big Data.

Key topics/theories:

  • Knowledge management
  • Data mining
  • Data warehousing
  • IS and IT strategies

CIMA Strategic level E3 Strategic management Table of Contents under the 2015 syllabus:

  1. Formulating a business strategy
  2. Mission and objectives
  3. External analysis
  4. Internal analysis
  5. Financial evaluation of current position
  6. Corporate appraisal
  7. Strategic choice and evaluation
  8. Change management
  9. Information systems
  10. Marketing
  11. Organisational structure
  12. Strategic review and control

CIMA Strategic level Pillars

When attempting the strategic level subjects, students must sit all three examination papers (one from each learning pillar – Papers E3, P3 and F3) together at the first sitting. At any subsequent examination attempts, these papers may be taken in any order and combination.

The pass mark for each of the strategic level subject examinations is 50% and permanent credit is awarded for any paper in which the candidate scores 50% or more.

Students must pass all three strategic level subject examinations before attempting the Test of Professional Competence in Management Accounting

CIMA Strategic level E3 Strategic management Assessment

You will be assessed through a computerized objective test. The duration of the test will be 90 minutes and will consist of 60 equally weighted questions. This equates to 90 seconds per question. However, some questions may take a little longer than others. All learning areas of the syllabus will be covered in the 60 questions therefore it is important that you revise all topics for the exam. The topic weighting mentioned above will also be reflected in the test. The E3 objective test is designed to test your analysis and evaluation in addition to your knowledge, comprehension and application. The pass mark for the test is 70%.

Every test is randomly generated by a computer therefore the questions are presented in no specific order and it is important to highlight that  each student will be taking a different test.

This test will be formatted in a number of different ways. Examples of potential formats are as follows:

  1. Multiple choice/Multiple response  You will be given several answers and you will be required to select the correct answer/answers.
  2. Drop down lists  When clicking  on the drop down  list you will be given a list of several different answers. You will be required to select the correct one.
  3. Drag and drop – You will be asked to move an object/label to another location.
  4. Hot spot  This requires you to identify an area on an image by clicking on it.

The results will be readily available on completion of the test. You will also be given feedback alongside your mark. This is particularly useful to students that have been unsuccessful as they will be able to identify areas for improvement.

Must Read :

CIMA E3 Strategic Management Practice test answers

CIMA Strategic level E3 Strategic management

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