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8/12/2019 Webcastjul6ipccp7b Sm

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By CA. Deepak S Mulchandani

How to Prepare

For CA-IPCC Paper 7BStrategic Management


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Page 3

About

Strategic Management


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Why Strategic management in CA

Financial Technical

Commercial& operational Legal

CA

the advise from the CA becomes more practical

rather than theoretical and bookish


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Origin Of SM

Indian Origin Western OriginChanakya

Peter F Drucker


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Sach ka Saamna -1

Myth It is verysimilar to

managementstudied in XIIclass

RealityIts a step further fromXII class management

Most students keepeach other happyrepeating the 12 th class stuff


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Sach ka Saamna -2

Myth There are toomany books to

study in marketfor a subject of50 marks

RealityThe Study material ofICAI is having the

best compilation of alltopics in a crisp wayBooks available inmarket are for MBAstudents and they donot comprehensivelycover the syllabus ofCA


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Sach ka Saamna -3

Myth 15-20Marks Case

studies area biggamble

RealityCase studies are nomore a part of exams

nowAs it limits the no. oftopics to be asked inbalance 35 marksSo qs of pastexamination of casestudies are no good now


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Sach ka Saamna -4

Myth This subjecthas no

relevance infuture

RealityIt has maximumrelevance in future

because it connectsall the subjectsTaxation policyGovernmentdecisions can onlyunderstood bystrategic implicationson business


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Chapter wise Overview

Ch-5

Ch-1

Ch-2

Ch-3

Ch-6

Ch-4

Ch-7


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Ch-1 Business Environment


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Ch-2 Contd..Pawns representfunctional levelworkers Elephant, camel

& horserepresentbusiness levelmanagersKing and Wazirrepresent CEOand Top levelpeople


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Ch-3 Strategic AnalysisHow to deal withspecific businesssituationsVarious tools to

analyse businessfrom differentlevelsOrganizationlevel analysisthen businesslevel


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Ch-4 Strategic PlanningStrategicplanning processelaborativelyexplained

Deals with toplevel talksDeals withdirectionaldecisions ofbusiness


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Formation of functional strategies

Chapterdivided into 4parts

MarketingProductionFinanceHuman

Resource


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Ch-6 Strategic Implementation


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Ch-6 Contd..Concept of formulation v/simplementation Organisation structures

Value chain AnalysisDeveloping core competenciesCulture V/s Strategy conflict


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Ch-7 Reaching Strategic EdgeTalking about

TQMSix SigmaBPRBenchmarkingSM in NGOs ,Government

Agencies , etc


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Exam Pattern Analysis Nov07 to Nov-12

0

20

40

60

80100

120

140

160

180

Ch-1 Ch-2 Ch-3 Ch-4 Ch-5 Ch-6 Ch-7


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Strategies to crack the paper

1. Approach chapters with aprepared mindset i.e. what thischapter will teach me

2. If multiple topics are there in asingle chapter then preparenotes in a tabular form to avoidconfusion

3. Prepare mnemonics of wellknown concepts and maindefinitions


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4. Should have a solid commandover definitions of

Components of business environment (ch-1)Strategy and its levels (ch-2)

Strategic management (ch-2)SWOT , Situational Analysis etc (ch-3)SM process and every component of it (ch-4) Functional level definitions of all levels ( ch-5 )Concepts of formulation, implementation (ch-6)Basics about concepts i.e. what it is and how itworks ( ch-7)


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5. Definitions of various authorsgiven in the chapter should beunderstood rather than justreading it

6. Use practice manual and pastRevisionary test papers toimprove your writing skillsavaialble at BOS Knowledgeportal


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CA. Deepak S Mulchandani

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