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CIMAPRA19-E02-1 Exam - Topic 4 Question 91 Discussion

The concept of core competences is key to successful outsourcing strategy. Organisations should:
A) focus on core competences and outsource non-core competences to external firms that can add more value. and B) focus on non-core competences in order to drive down the cost of non value adding activities.
C) focus on core competences by outsourcing these functions to external firms that can add more value.
D) focus on non-core competences by applying transaction cost theory to external firms.

CIMAPRA19-E02-1 Exam - Topic 4 Question 91 Discussion

Actual exam question for CIMA's CIMAPRA19-E02-1 exam
Question #: 91
Topic #: 4
[All CIMAPRA19-E02-1 Questions]

The concept of core competences is key to successful outsourcing strategy. Organisations should:

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Suggested Answer: A, B

by Dalene at Jul 04, 2024, 05:42 PM

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Keneth
9 months ago
Wait, isn't outsourcing core competences risky?
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Glenn
10 months ago
Totally agree with A, it maximizes efficiency!
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Dominque
10 months ago
Core competences are crucial, but can we really trust external firms?
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Jacqueline
10 months ago
I disagree, focusing on non-core competences can lead to missed opportunities.
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Maryrose
10 months ago
A is definitely the way to go!
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An
10 months ago
I recall transaction cost theory being important, but it seems more relevant to cost management than to core competences. D feels off to me.
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Pok
11 months ago
I practiced a similar question where we talked about value creation through outsourcing. A seems to align with that concept, but I'm a bit torn.
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Maddie
11 months ago
I'm not entirely sure, but I feel like outsourcing core competences could lead to losing control over essential functions. Maybe C isn't the right choice?
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Tawna
11 months ago
I remember we discussed how focusing on core competences helps organizations streamline their operations. I think A makes the most sense.
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Franchesca
11 months ago
This is a good test of our understanding of this topic. I think the key is to identify the core competences and then determine the best approach for outsourcing the non-core functions.
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Glendora
11 months ago
I'm not entirely sure about this one. I'll need to review my notes on outsourcing strategy and core competences before deciding.
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Belen
11 months ago
Hmm, I'm a bit confused by the wording here. I need to re-read the question carefully and think through the different options.
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Annabelle
11 months ago
This question seems straightforward. I think the key is to focus on the concept of core competences and how that relates to outsourcing strategy.
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Edelmira
11 months ago
Okay, I've got this. The correct answer is A - organizations should focus on core competences and outsource non-core competences to external firms that can add more value.
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Pilar
11 months ago
Ah, this is a tricky one. I'll need to carefully review the requirements and make sure I understand how to properly implement the conflict resolution policy in Cosmos DB.
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Elfrieda
11 months ago
Hmm, I'm a bit unsure about this one. I'll need to think carefully about the requirements for a redundant IP storage network.
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Jolene
11 months ago
I think this question is pretty straightforward. The key is to identify the three transactions that Oracle Project Costing enforces budgetary controls on.
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Brynn
11 months ago
I think the key here is that the company uses a hot-site, disaster-recovery model. That means they need a data replication method that can quickly restore their systems in the event of a disaster. I'm leaning towards Asynchronous as the best option.
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Kristel
1 year ago
Outsourcing, huh? I hear the best way to do that is to just throw your entire business out the window and let the janitor handle it. Guaranteed to save you a ton of money!
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Dominga
1 year ago
Outsourcing can actually be a strategic move to focus on what your business does best.
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Annette
1 year ago
C) focus on core competences by outsourcing these functions to external firms that can add more value.
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Kerrie
1 year ago
Outsourcing can actually be a strategic move to focus on what your company does best and increase efficiency.
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Merilyn
1 year ago
C) focus on core competences by outsourcing these functions to external firms that can add more value.
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Bettyann
1 year ago
A) focus on core competences and outsource non-core competences to external firms that can add more value.
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Leonida
1 year ago
A) focus on core competences and outsource non-core competences to external firms that can add more value.
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Huey
1 year ago
Option D, really? Trying to apply transaction cost theory to non-core competences? Sounds like a recipe for a bureaucratic nightmare. I'll pass on that one, thanks.
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Katina
1 year ago
I agree, focusing on core competences and outsourcing non-core functions seems like a better approach.
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Diego
1 year ago
Option D does seem like it could lead to complications.
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Kimberlie
1 year ago
C) focus on core competences by outsourcing these functions to external firms that can add more value.
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Izetta
1 year ago
A) focus on core competences and outsource non-core competences to external firms that can add more value.
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Marget
1 year ago
Option C is the clear winner here. Outsourcing your core functions to firms that can add more value? That's just smart business, plain and simple.
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Florinda
1 year ago
User 2: Absolutely, it's all about smart business decisions and maximizing value.
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Brianne
1 year ago
User 1: I agree, focusing on core competences and outsourcing to firms that can add more value is the way to go.
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Rosendo
1 year ago
Absolutely, outsourcing core competences to experts can really help drive innovation and growth.
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Yvonne
1 year ago
Option C is definitely the way to go. It's all about maximizing value and efficiency.
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Dominga
1 year ago
C) focus on core competences by outsourcing these functions to external firms that can add more value.
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Xochitl
1 year ago
A) focus on core competences and outsource non-core competences to external firms that can add more value.
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Miesha
1 year ago
Hmm, option B seems a bit backwards to me. Focusing on non-core competences? That's like trying to win a race by slowing down the other runners.
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Elmer
1 year ago
Wow, this question really gets to the heart of successful outsourcing strategy. I'd say option A is the way to go - focus on your core strengths and let the experts handle the non-essential stuff.
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Taryn
1 year ago
I'm not sure, but I think C could also be a valid option. Outsourcing core competences to add more value.
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Carlota
1 year ago
I agree with Dino, focusing on core competences and outsourcing non-core competences makes sense.
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Dino
1 year ago
I think the answer is A.
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