CIMA E3: Strategic Management
The strategic level is the Chartered Institute of Management Accountants (CIMA) Technical Qualification's third and final level which consists of three subject areas and the Strategic Level case study test. The Strategic Level focuses on strategic decision making over the long term. You will be able to help corporate leaders in designing strategy; identify and handle challenges that can prevent organizations from effectively executing strategy; value organizations; and the financial resources required to execute the strategy.
Formulate a strategy and create conditions for successful implementation with the help of the following data:
The content area and its weightage is stated as follows-
- 15% weightage -The strategy process: This section provides the organization's basis for strategic management. It also introduces the process of the strategy.
- 20% weightage -Analyzing the organizational ecosystem: This segment provides candidates with an overview of the ecosystem's complexities (both larger and smaller entities developed more deliberately) and how it affects the organization's strategy.
- 15% weightage -Generating strategic options: Strategy is about discretionary choices. This section deals with how options are generated and links them to the organization's purpose, values, and vision. It also looks at the role of different parts and organizational levels in the strategy process.
- 15% weightage -Making strategic choices: This section discusses how the choices are coherently assessed, choose, and implemented to shape the organization's strategy.
- 20% weightage -Strategic control: This section examines how to achieve these goals of implementation, and how to manage change.
- 15% weightage -Digital strategy: This segment deals with how to introduce ideas about digital transformation in the organization's strategy.
An overview of what we learn in E3 –
- The basis for strategic management and an understanding of the organizational ecosystem's dynamics and where it affects the organization's strategy.
- Strategic choice and how options are created, linking them to the organization's goals, values and vision, and how options are assessed, selected and incorporated cohesively to shape the organization's strategy.
- How to execute the plan, how to meet the goals for implementation, and how to handle the transition.
- What the innovations that underpin the digital transformation and various digital strategy components are.