CIMAPRA19-E03-1 Exam - Topic 5 Question 23 Discussion

Actual exam question for CIMA's CIMAPRA19-E03-1 exam

Question #: 23
Topic #: 5

Johnson. Scholes and Whittington define strategy as the direction and scope of an organisation over the long term'. Which THREE of the following are advantages of deliberate long-term planning1? 0

AThe organisation has a competitive advantage over others in its industry that do not use long-term planning.

BThe organisation will comply with external reporting standards

CLong-term planning will enable equal importance to be given to the different perspectives of the organisation's Balanced Scorecard.

DThe organisation's mission, objectives and targets are made explicit which will improve goal congruence.

EManagement will have to generate ideas using their experience and ability to innovate.

FBy undertaking detailed analysis management can identify key risks.

Show Suggested Answer

Suggested Answer: A, D, E

by Lucina at May 06, 2022, 10:32 PM

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5 months ago

Okay, I've got this. The key is to identify the set of dimensions that meets all the requirements listed. I'll methodically go through each option and check if it covers everything.

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