CIMA E2 EXAM DUMPS
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WHAT IS CIMA?
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The Chartered Institute of Management Accountants (CIMA) is a United Kingdom- based professional body offering training and qualification in management accountancy and related subjects, focused on accounting for business; together with ongoing support for members.
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CERTIFICATIONS: Cima divided into 3 study levels: Operational level: Management level:
E1 Organizational Management P1 Management Accounting F1 Financial Reporting and Taxation
Strategic level:
E3 Strategic Accounting P3 Risk Management F3 Financial Strategy
E2 Project and Relationship Management P2 Advanced Management Accounting F2 Advanced Financial Reporting
Further Study Management Certificate in Business C02 Fundamentals of Financial Accounting C01 Fundamentals of Management Accounting
C04 Fundamentals of Business Economics C03 Fundamentals of Business Mathematics
CIMA E2 PROJECT AND RELATIONSHIP MANAGEMENT ďƒ’
A strategy employed by an organization in which a continuous level of engagement is maintained between the organization and its audience. Relationship management can be between a business and its customers (customer relationship management) and between a business and other businesses (business relationship management).
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Here are some questions of Cima E2 http://www.cimadumps.us/e2-project-and-relationship-management
Question No 1: What is Strategy? A plan of action designed to achieve a goal or objective. The aim of a strategy is to gain some kind of competitive advantage or to help to exploit future opportunities.
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Question No 2: What is Strategy in Business? A course of action, including the specification of resources required, to achieve a specific objective. Business strategy therefore is concerned with the overall management of an organization and includes the management of and taking decisions about: a) Products b) Markets c) Locations (production and sales) d) Structure e) Personnel f) Buildings and machinery g) How to compete http://www.cimadumps.us/e2-project-and-relationship-management
Question No 3: What is Key Features of Strategic Management? Long term approach - decisions are made over the long term, often for periods exceeding one year Focused on organizational objectives -the aim being to ensure that the plan of action achieves the most important objectives for a wide group of key stakeholders Aligned with internal strengths and weaknesses -the aim should be to capitalize on the business strengths and overcome any key weaknesses. Devising a strategy will often follow a position audit of the business to ascertain the businesses current position. Adapted to the changing business environment -so that changes in political, economic, social and technology factors are taken account of, while adapting to industry changes, such as competitive threats, supply issues or http://www.cimadumps.us/e2-project-and-relationship-management changing customer needs.
Question No 4:
What is The importance of strategy? • Provides a clear direction, focusing management decision making • Adapts the organization to the changing environment ensuring it's continuing survival and success • Ensures competitiveness through understanding and adapting to competition • Focuses in building key competences to meet customer needs • Co-ordinates all elements of the business in a structured planned approach. http://www.cimadumps.us/e2-project-and-relationship-management
Question No 5: Director's role in strategy? Responsibility to decide on and take decisions on strategy in the organisation. http://www.cimadumps.us/e2-project-and-relationship-management
QUESTION NO 6:
There are three different levels on which strategy can be set: 1. Corporate Strategy 2. Business Strategy 3. Operational/Functional Strategy http://www.cimadumps.us/e2-project-and-relationship-management
Question No 7: What is Corporate Strategy? The corporate strategy provides the direction for the business as whole, including all parts of the business. It includes consideration of: • The overriding purpose and scope of the business • Which businesses and markets should the organisation operate in? • What should the core competencies be? • Resources and financing • How to compete • How to integrate and structure the business http://www.cimadumps.us/e2-project-and-relationship-management
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