CIPS L6M2 Dumps (V8.02) – The Latest Study Guide Empowers You to Master the Core Concepts Needed for Global Commercial Strategy Exam Success

1. SIMULATION

Describe 5 strategic decisions a company can make and how these decisions could impact upon competitive advantage.

2. SIMULATION

Explain the characteristics of strategic decisions. At what level of a business are strategic decisions made and why?

3. SIMULATION

XYZ is a toilet paper manufacturer based in the UK. It has 2 large factories employing over 500 staff and a complex supply chain sourcing paper from different forests around the world. XYZ is making some strategic changes to the way it operates including changes to staffing structure and introducing more automation. Discuss 4 causes of resistance to change that staff at XYZ may experience and examine how the CEO of XYZ can successfully manage this resistance to change

4. SIMULATION

Examine how an organisation can strategically position itself within the marketplace.

5. SIMULATION

Explain how culture and historic influences can impact upon a business’s strategic decisions and positioning within the marketplace

6. SIMULATION

XYZ is a construction firm which builds houses in Birmingham. Discuss a tool that it can use to assess the remote environment and discuss a tool it can use to evaluate the operating environment.

7. SIMULATION

Describe and evaluate the use of the VRIO Framework in understanding the internal resources and competencies of an organisation.

8. SIMULATION

Discuss how XYZ, a global beverage manufacturing organisation, could use the Boston Consultancy Group Framework to impact upon strategic decision making

Introduction

The Boston Consulting Group (BCG) Matrix is a strategic tool used by organizations to analyze their product portfolio and allocate resources effectively. It classifies products into four categories―Stars, Cash Cows, Question Marks, and Dogs―based on market growth rate and market share.

As a global beverage manufacturing organization, XYZ can use the BCG Matrix to evaluate its product range, identify growth opportunities, and make informed strategic decisions.

1. Explanation of the BCG Matrix

The BCG Matrix is divided into four quadrants:

Example for XYZ:

Star: A fast-growing energy drink brand in emerging markets.

Cash Cow: A flagship cola product with stable market demand.

Question Mark: A new functional health drink with uncertain market acceptance.

Dog: An underperforming diet soda variant with declining sales.

2.

How XYZ Can Use the BCG Matrix for Strategic Decision-Making

XYZ can use the BCG Matrix to make resource allocation and investment decisions based on product performance.

3. Advantages of Using the BCG Matrix for XYZ

✅ Resource Allocation C Helps prioritize investment in high-growth products.

✅ Strategic Focus C Identifies which products to grow, maintain, or phase out.

✅ Market Adaptation C Helps XYZ adjust its beverage portfolio based on changing consumer trends. Example: If XYZ’s energy drink (a Star) is experiencing high growth, more marketing and production investment may be justified.

4. Limitations of the BCG Matrix

❌ Ignores Market Competition C A product may have a high market share, but competition could still impact profitability.

❌ Simplistic Assumptions C Not all products neatly fit into one category; market dynamics are complex.

❌ Focuses on Growth and Share Only C It does not consider external factors like profit margins, customer loyalty, or brand strength.

Example: A Question Mark product might have potential, but if consumer preferences shift, it may never become a Star.

5. Application of the BCG Matrix in the Beverage Industry

XYZ can apply the BCG Matrix by reviewing its entire product portfolio across different geographic markets.

Conclusion

The BCG Matrix is a valuable strategic tool for XYZ to analyze its product portfolio, prioritize investments, and make informed market-based decisions. However, it should be used alongside other strategic models (e.g., PESTLE, VRIO) to ensure a comprehensive business strategy.

9. SIMULATION

Discuss 5 tasks of strategic management

10. SIMULATION

How can Minzburg’s 5Ps assist an organisation to develop its global strategy?