AAA manufactures and sells a range oftravel suitcases. One model, the 'Executive' has seen salesgrowth of around 3% for the last two years, followingstrong growth since its introduction eight years ago.This slow down inthe'Executive'sales growth islargelydue toAAA's competitors offeringproducts in directcompetition with the'Executive'.AAAhas therefore had to reduceits priceto match those of its majorcompetitors. AAA has also recently upgraded the features of the 'Executive' model to include a variety of different colours and materials. It has also launched a marketing campaign to promote the benefits of the'Executive' model against itscompetitorsproducts.
Which stage of the product life cycle has the 'Executive' model of suitcases reached?
Which of the following statements is NOT a role for Management Accountants involved in the strategy development process?
As a CIMA qualified management accountant working within a manufacturing company, you are subject to both CIMA's Code of Ethics and your company's Code of Business Conduct.
Which TWO of the following statements are TRUE? (Choose two.)
Which of the following is a 'hard' factor according to McKinsey's '7-S' model?
LMN is a medium sized Organization which has faced a number of challenges due to the recent economic recession. In the last 3 years, its profits have fallen each year and it has made 10% of its staff redundant during the same period. LMN has a hierarchical structure with formal lines of communication. All of the key business decisions are made by a small senior management team, as the senior managers believe that they have the most experience to make these decisions.
LMN has recently hired an external change agent to review its activities and to make recommendations on what it must do to ensure its survival. Having spent several weeks talking to staff and observing the activities and management processes of LMN, the external change agent has made the following recommendations:
1. Reduce the management levels within LMN, as this is limiting its ability to respond effectively to customer demands.
2. Allow some of its staff to take part in the decision making process, as much experience and expertise is being overlooked when making key business decisions.
WhichTWO ofthe followingelements of the Cultural Web will bemostaffected by the change agent's recommendations?
