CGMA FLP MANAGEMENT QUESTIONS AND ANSWERS
100% CORRECT
Porter's Five Forces Answer - Also known as Industry and Competitive Analysis.
A framework considering the interplay between (1) the intensity of rivalry
among existing competitors, (2) the threat of new entrants, (3) the threat of
substitute goods or services, (4) the bargaining power of buyers, and (5) the
bargaining power of suppliers.
SWOT analysis Answer - a planning tool used to analyze an organization's
strengths, weaknesses, opportunities, and threats
PESTLE analysis Answer - Analysis of the external political, economic, social,
technological, legal and environmental factors affecting a business
Used to evaluate the macro environment, especially when identifying external
risks or expansion
Porter's value chain Answer - Separates primary and support activities. If
primary doesn't need it, the support shouldn't exist.
Inbound logistics, outbound logistics, operations
Firm infrastructure (HR, etc), HR, tech, procurement.
, 5 Stages of Project Management Answer - 1. Initiating - ask questions and
figure out a budget, time frame, and leverage. Ask all the questions to do
project correctly.
2. Planning (longest) - Breaking down the steps of the project and defining the
tasks as well as the order/sequence of the tasks.
3. Executing (delegation) - Doing of the work. Where we communicate to
others what their job is. Who what when where why. Indirect authority comes
into play here. to delegate tasks to others.
4. Monitoring and Controlling - making sure people are doing what you need
them to do. Make sure people are on time and on task, on target.
5. Closing - wrapping things up and making sure the project is totally complete.
Check the outcomes of the project. Reward people involved.
Types of Project Risk Answer - Strategic - misalignment with company goals
operational - day to day execution of project
compliance/legal
Reputational
Technical
External/environmental
Financial
Lewin's Change Model Answer - 1. Unfreezing
2. Changing
3. Refreezing
100% CORRECT
Porter's Five Forces Answer - Also known as Industry and Competitive Analysis.
A framework considering the interplay between (1) the intensity of rivalry
among existing competitors, (2) the threat of new entrants, (3) the threat of
substitute goods or services, (4) the bargaining power of buyers, and (5) the
bargaining power of suppliers.
SWOT analysis Answer - a planning tool used to analyze an organization's
strengths, weaknesses, opportunities, and threats
PESTLE analysis Answer - Analysis of the external political, economic, social,
technological, legal and environmental factors affecting a business
Used to evaluate the macro environment, especially when identifying external
risks or expansion
Porter's value chain Answer - Separates primary and support activities. If
primary doesn't need it, the support shouldn't exist.
Inbound logistics, outbound logistics, operations
Firm infrastructure (HR, etc), HR, tech, procurement.
, 5 Stages of Project Management Answer - 1. Initiating - ask questions and
figure out a budget, time frame, and leverage. Ask all the questions to do
project correctly.
2. Planning (longest) - Breaking down the steps of the project and defining the
tasks as well as the order/sequence of the tasks.
3. Executing (delegation) - Doing of the work. Where we communicate to
others what their job is. Who what when where why. Indirect authority comes
into play here. to delegate tasks to others.
4. Monitoring and Controlling - making sure people are doing what you need
them to do. Make sure people are on time and on task, on target.
5. Closing - wrapping things up and making sure the project is totally complete.
Check the outcomes of the project. Reward people involved.
Types of Project Risk Answer - Strategic - misalignment with company goals
operational - day to day execution of project
compliance/legal
Reputational
Technical
External/environmental
Financial
Lewin's Change Model Answer - 1. Unfreezing
2. Changing
3. Refreezing
