ACCA Paper P3 Quiz – P3 Model Application Test


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    • Avatar of gololo says

      Here is a copy and paste of the download – hope this helps:
      P3 Best Model Application Test
      1 B
      A BCG looks at the market share and market growth rate of products.
      B PESTEL looks at the environment: political, economic, social,
      technological, ecological and legal.
      D The M model is used as a list to remind you of resources (internal):
      money, management, manufacturing, etc.
      2 D
      A Analyses stakeholders
      B BCG looks at the market share and market growth rate of products.
      C Looks at strategic direction
      D Considers volatility/complexity and strategic importance of the process.
      3 B
      A Looks at the industry attractiveness
      B BCG looks at the market share and market growth rate of products and
      categorises them as problem children, stars, cash cows and dogs.
      C Generally, looks at how the organisation adds value by what it does
      D A method of setting objectives and judging performance.
      4 A
      A Very different organisations imply very different cultures and the factors
      influencing culture are described by the cultural web.
      B Looks at strategic direction.
      C Relates to project management
      D Cost leadership/differentiation/focus. Might have some relevance to this
      question if one company were a cost leader and the other a
      differentiator. Problems might be caused by these differences.
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      5 C
      A Generally, looks at how the organisation adds value by what it does
      B This is marketing (product/services)
      C The CEO is pushing for change and this model looks at the context of
      change and the design choices.
      D This is a development of Porter’s generic strategies.
      6 D
      Johnson and Scholes:
      Suitability is concerned with whether a strategy addresses the circumstances
      in which an organisation is operating. So, PESTEL describes the
      environmental circumstances. 5 Forces would describe the competitive
      position.
      Feasibility is concerned with whether the organisation has the resources and
      competences to deliver a strategy. The M model lists resources for
      assessment.
      Acceptability is concerned with the expected performance outcomes of a
      strategy. The stakeholders are interested in the performance outcomes and
      Mendelow’s matrix describes the power and interest of the stakeholders.
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