How to pass cima e2 pdf dumps question in first attempt ? - Cimadumps.us

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CIMA E2 Exam Dumps
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What is CIMA?

• 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
  E2 Project and Relationship Management
• P1 Management Accounting
  P2 Advanced Management Accounting
• F1 Financial Reporting and Taxation
  F2 Advanced Financial Reporting
• Strategic level
  Further Study
• E3 Strategic
  Management Certificate in Business
  Accounting
• P3 Risk Management
  C02 Fundamentals of Financial Accounting
• F3 Financial Strategy
  C01 Fundamentals of Management Accounting
• 
  C04 Fundamentals of Business Economics
• 
  C03 Fundamentals of Business
  Mathematics

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Cima E2 Project and Relationship Management

• 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
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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
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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 changing customer
needs.
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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.

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Question No 5
Director's role in strategy?
Responsibility to decide on and take decisions on
strategy in the organisation.
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Question No 6
There are three different levels on which
strategy can be set
1. Corporate Strategy 2. Business Strategy 3.
Operational/Functional Strategy
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• 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
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