The 2006 edition of CIMA's Official Study Systems have been updated to reflect changes in the syllabus. Business Strategy has been written by the examiners to fully reflect what could be tested in the exam. Updated to incorporate legislative and syllabus changes, the 2006 Study Systems provide complete study material for the May and November 2006 exams. The new edition maintains the popular loose-leaf format and contains: * practice questions throughout * complete revision section * topic summaries * recommended reading articles from a range of journals * pilot paper *The official study systems are the only study materials endorsed by CIMA * Updated by the examiner to reflect changes in the syllabus * Complete integrated package incorporating syllabus guidance, full text, recommended articles, revision guides and extensive question practice
Author(s): Neil Botten, Adrian Sims
Edition: Lslf
Publisher: CIMA Publishing
Year: 2005
Language: English
Pages: 620
Front Cover......Page 1
Management Accounting – Business Strategy......Page 2
Copyright Page......Page 3
Contents......Page 4
How to use your CIMA Study System......Page 16
Guide to the Icons used within this Text......Page 17
Study technique......Page 18
Business Strategy Syllabus......Page 20
Transitional Arrangements......Page 23
1.1 The identity of stakeholders ......Page 24
1.2 Mission statements ......Page 30
1.3 Corporate social responsibility ......Page 31
1.4 Setting strategic objectives ......Page 32
1.5 Critical success factors ......Page 34
1.6 Meeting the objectives of shareholders ......Page 36
1.7 Objectives of not-for-profit organisations ......Page 37
1.8 Competing objectives ......Page 40
1.9 Summary ......Page 41
Revision Questions ......Page 44
Solutions to Revision Questions ......Page 46
2.1 The importance of the business environment ......Page 50
2.2 Causes of environmental uncertainty ......Page 56
2.3 Competitor analysis ......Page 58
2.4 Competitor accounting ......Page 64
2.5 The global economic environment ......Page 65
2.6 The domestic economy ......Page 71
2.7 National competitive advantages ......Page 74
2.8 Country analysis and political risk ......Page 77
2.9 Sources of environmental information ......Page 78
2.10 Summary ......Page 80
Revision Questions ......Page 82
Solutions to Revision Questions ......Page 84
3.1 The SWOT analysis ......Page 90
3.2 The position audit ......Page 95
3.3 Value chain analysis ......Page 97
3.4 Benchmarking ......Page 108
3.5 Gap analysis ......Page 113
3.6 Scenario planning ......Page 118
3.7 Summary ......Page 123
Readings ......Page 126
Revision Questions ......Page 134
Solutions to Revision Questions ......Page 140
4.1 Sources of earnings ......Page 156
4.2 Product life-cycles ......Page 158
4.3 The BCG portfolio matrix ......Page 161
4.4 Direct product profitability ......Page 167
4.5 The nature of a marketing audit ......Page 169
4.6 Customer profitability analysis ......Page 172
4.7 Brand strategies ......Page 180
4.8 Relationship marketing ......Page 186
4.9 Data Warehousing and Data Mining ......Page 188
4.10 Summary......Page 194
Readings ......Page 196
Revision Questions ......Page 206
Solutions to Revision Questions ......Page 212
5.2 The strategic case for IT investment ......Page 224
5.3 Using IT to gain competitive advantage ......Page 228
5.4 Using IT for competitive advantage ......Page 229
5.5 Using information for competitive advantage ......Page 231
5.6 Value-added networks and extranets ......Page 232
5.7 Using e-commerce for competitive advantage ......Page 235
5.8 The need for information systems strategies ......Page 239
5.9 Collaborative strategies ......Page 242
5.10 Developing an information systems strategy ......Page 243
5.11 The changing role of the IT department ......Page 247
5.12 Organisational knowledge management ......Page 249
5.13 Developing a knowledge strategy ......Page 251
5.14 Profit impact of marketing strategy......Page 255
5.16 Summary ......Page 256
Readings ......Page 258
Revision Questions ......Page 274
Solutions to Revision Questions ......Page 278
6.1 Three sets of strategic choices ......Page 286
6.2 Porter's generic competitive strategy model ......Page 288
6.3 Product-market strategies ......Page 295
6.4 Alternative growth strategies ......Page 298
6.5 International growth strategies ......Page 307
6.6 Resource-based versus positioning view of strategy ......Page 310
6.7 Divestment strategies ......Page 313
6.8 Strategic options in the public sector ......Page 315
6.9 Strategic options in the charity sector ......Page 318
6.10 Evaluation of strategy ......Page 319
6.11 Summary ......Page 323
Readings ......Page 326
Revision Questions ......Page 334
Solutions to Revision Questions ......Page 342
7.1 Overview: leading issues in business organisation ......Page 358
7.2 Organisational Theory ......Page 360
7.3 Contemporary approaches to organisation ......Page 361
7.4 The network organisation ......Page 368
7.5 Business process re-engineering ......Page 369
7.6 New patterns of employment ......Page 373
7.7 Implications for management accounting ......Page 376
7.8 Strategic change ......Page 379
7.9 Summary ......Page 381
Readings ......Page 384
Revision Questions ......Page 400
Solutions to Revision Questions ......Page 404
8.1 Theories of control ......Page 414
8.3 Conventional profit-related measures of business performance ......Page 419
8.4 Value-based management approaches ......Page 425
8.5 The role of the corporate centre in control ......Page 435
8.6 Management accounting and performance measurement ......Page 437
8.7 Multidimensional performance measurement ......Page 443
8.8 Stakeholder measures ......Page 457
8.9 Additional control mechanisms ......Page 460
8.10 Multinational industries ......Page 462
8.11 Summary ......Page 466
Readings ......Page 470
Revision Questions ......Page 480
Solutions to Revision Questions ......Page 486
About the examination ......Page 506
Revision technique ......Page 507
Revision Questions ......Page 510
Solutions to Revision Questions ......Page 542
Index ......Page 608
