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By CA. Deepak S Mulchandani
How to Prepare
For CA-IPCC Paper 7B
Strategic Management
http://www.simpletaxindia.net
1
• About SM & Why SM in CA
2
• Subject Overview & Institute Expectations
3
• Myth V/s Realities
4
• Chapter wise Overviews
5
• Exam pattern Analysis
6
• Strategies to crack the SM paper
Agenda
http://www.simpletaxindia.net
Page 3
About
Strategic Management
http://www.simpletaxindia.net
Why Strategic management in CA
Financial Technical
Commercial
& operational
Legal
CA
the advise from the CA becomes more practical
rather than theoretical and bookish http://www.simpletaxindia.net
Subject Overview &
Institute Expectations
50 Marks
7 chapters
Theoretical Questions
Reasoning questions
Situational knowledge Application
Strategic
Management
http://www.simpletaxindia.net
Origin Of SM
Indian Origin Western Origin
Chanakya
Peter F Drucker
http://www.simpletaxindia.net
MYTH V/S REALITY
Sach ka Saaamna
http://www.simpletaxindia.net
Sach ka Saamna -1
Myth
It is very
similar to
management
studied in XII
class
Reality
It’s a step further from
XII class management
Most students keep
each other happy
repeating the 12th
class stuff
http://www.simpletaxindia.net
Sach ka Saamna -2
Myth
There are too
many books to
study in market
for a subject of
50 marks
Reality
The Study material of
ICAI is having the
best compilation of all
topics in a crisp way
Books available in
market are for MBA
students and they do
not comprehensively
cover the syllabus of
CA
http://www.simpletaxindia.net
Sach ka Saamna -3
Myth
15-20
Marks Case
studies are
a big
gamble
Reality
Case studies are no
more a part of exams
now
As it limits the no. of
topics to be asked in
balance 35 marks
So q’s of past
examination of case
studies are no good now
http://www.simpletaxindia.net
Sach ka Saamna -4
Myth
This subject
has no
relevance in
future
Reality
It has maximum
relevance in future
because it connects
all the subjects
Taxation policy
Government
decisions can only
understood by
strategic implications
on business
http://www.simpletaxindia.net
Chapter wise Overview
Ch-5
Ch-1
Ch-2
Ch-3
Ch-6
Ch-4
Ch-7
http://www.simpletaxindia.net
Ch-1 Business Environment
http://www.simpletaxindia.net
Ch-2 Business Policy & SM
http://www.simpletaxindia.net
Ch-2 Contd…..
Pawns represent
functional level
workers
 Elephant, camel
& horse
represent
business level
managers
King and Wazir
represent CEO
and Top level
people
http://www.simpletaxindia.net
Arrangement of chapters
Ch-2 & 4
Ch-3
Ch-5
Ch-6
http://www.simpletaxindia.net
Ch-3 Strategic Analysis
How to deal with
specific business
situations
Various tools to
analyse business
from different
levels
Organization
level analysis
then business
level
http://www.simpletaxindia.net
Ch-4 Strategic Planning
Strategic
planning process
elaboratively
explained
Deals with top
level talks
Deals with
directional
decisions of
business
http://www.simpletaxindia.net
Formation of functional strategies
Chapter
divided into 4
parts
 Marketing
 Production
 Finance
 Human
Resource
http://www.simpletaxindia.net
Ch-6 Strategic Implementation
http://www.simpletaxindia.net
Ch-6 Contd.….
Concept of formulation v/s
implementation
 Organisation structures
 Value chain Analysis
Developing core competencies
Culture V/s Strategy conflict
http://www.simpletaxindia.net
Ch-7 Reaching Strategic Edge
Talking about
TQM
Six Sigma
BPR
Benchmarking
SM in NGO’s ,
Government
Agencies , etc
http://www.simpletaxindia.net
Exam Pattern Analysis– Nov07 to Nov-12
0
20
40
60
80
100
120
140
160
180
Ch-1 Ch-2 Ch-3 Ch-4 Ch-5 Ch-6 Ch-7
http://www.simpletaxindia.net
Strategies to crack the paper
1. Approach chapters with a
prepared mindset i.e. what this
chapter will teach me
2. If multiple topics are there in a
single chapter then prepare
notes in a tabular form to avoid
confusion
3. Prepare mnemonics of well
known concepts and main
definitions
http://www.simpletaxindia.net
Strategies to crack the paper
4. Should have a solid command
over 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 it
works ( ch-7)
http://www.simpletaxindia.net
Strategies to crack the paper
5. Definitions of various authors
given in the chapter should be
understood rather than just
reading it
6. Use practice manual and past
Revisionary test papers to
improve your writing skills
avaialble at BOS Knowledge
portal
http://www.simpletaxindia.net
Strategies to crack the paper
5. Stop Stop Stop doing a trend
analysis of past examination
questions because
“ THERE IS ONLY ONE TREND
THAT THERE IS NO TREND “
http://www.simpletaxindia.net
CA. Deepak S Mulchandani
http://www.simpletaxindia.net

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Webcast jul6ipccp7b

  • 1. By CA. Deepak S Mulchandani How to Prepare For CA-IPCC Paper 7B Strategic Management http://www.simpletaxindia.net
  • 2. 1 • About SM & Why SM in CA 2 • Subject Overview & Institute Expectations 3 • Myth V/s Realities 4 • Chapter wise Overviews 5 • Exam pattern Analysis 6 • Strategies to crack the SM paper Agenda http://www.simpletaxindia.net
  • 4. Why Strategic management in CA Financial Technical Commercial & operational Legal CA the advise from the CA becomes more practical rather than theoretical and bookish http://www.simpletaxindia.net
  • 5. Subject Overview & Institute Expectations 50 Marks 7 chapters Theoretical Questions Reasoning questions Situational knowledge Application Strategic Management http://www.simpletaxindia.net
  • 6. Origin Of SM Indian Origin Western Origin Chanakya Peter F Drucker http://www.simpletaxindia.net
  • 7. MYTH V/S REALITY Sach ka Saaamna http://www.simpletaxindia.net
  • 8. Sach ka Saamna -1 Myth It is very similar to management studied in XII class Reality It’s a step further from XII class management Most students keep each other happy repeating the 12th class stuff http://www.simpletaxindia.net
  • 9. Sach ka Saamna -2 Myth There are too many books to study in market for a subject of 50 marks Reality The Study material of ICAI is having the best compilation of all topics in a crisp way Books available in market are for MBA students and they do not comprehensively cover the syllabus of CA http://www.simpletaxindia.net
  • 10. Sach ka Saamna -3 Myth 15-20 Marks Case studies are a big gamble Reality Case studies are no more a part of exams now As it limits the no. of topics to be asked in balance 35 marks So q’s of past examination of case studies are no good now http://www.simpletaxindia.net
  • 11. Sach ka Saamna -4 Myth This subject has no relevance in future Reality It has maximum relevance in future because it connects all the subjects Taxation policy Government decisions can only understood by strategic implications on business http://www.simpletaxindia.net
  • 14. Ch-2 Business Policy & SM http://www.simpletaxindia.net
  • 15. Ch-2 Contd….. Pawns represent functional level workers  Elephant, camel & horse represent business level managers King and Wazir represent CEO and Top level people http://www.simpletaxindia.net
  • 16. Arrangement of chapters Ch-2 & 4 Ch-3 Ch-5 Ch-6 http://www.simpletaxindia.net
  • 17. Ch-3 Strategic Analysis How to deal with specific business situations Various tools to analyse business from different levels Organization level analysis then business level http://www.simpletaxindia.net
  • 18. Ch-4 Strategic Planning Strategic planning process elaboratively explained Deals with top level talks Deals with directional decisions of business http://www.simpletaxindia.net
  • 19. Formation of functional strategies Chapter divided into 4 parts  Marketing  Production  Finance  Human Resource http://www.simpletaxindia.net
  • 21. Ch-6 Contd.…. Concept of formulation v/s implementation  Organisation structures  Value chain Analysis Developing core competencies Culture V/s Strategy conflict http://www.simpletaxindia.net
  • 22. Ch-7 Reaching Strategic Edge Talking about TQM Six Sigma BPR Benchmarking SM in NGO’s , Government Agencies , etc http://www.simpletaxindia.net
  • 23. Exam Pattern Analysis– Nov07 to Nov-12 0 20 40 60 80 100 120 140 160 180 Ch-1 Ch-2 Ch-3 Ch-4 Ch-5 Ch-6 Ch-7 http://www.simpletaxindia.net
  • 24. Strategies to crack the paper 1. Approach chapters with a prepared mindset i.e. what this chapter will teach me 2. If multiple topics are there in a single chapter then prepare notes in a tabular form to avoid confusion 3. Prepare mnemonics of well known concepts and main definitions http://www.simpletaxindia.net
  • 25. Strategies to crack the paper 4. Should have a solid command over 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 it works ( ch-7) http://www.simpletaxindia.net
  • 26. Strategies to crack the paper 5. Definitions of various authors given in the chapter should be understood rather than just reading it 6. Use practice manual and past Revisionary test papers to improve your writing skills avaialble at BOS Knowledge portal http://www.simpletaxindia.net
  • 27. Strategies to crack the paper 5. Stop Stop Stop doing a trend analysis of past examination questions because “ THERE IS ONLY ONE TREND THAT THERE IS NO TREND “ http://www.simpletaxindia.net
  • 28. CA. Deepak S Mulchandani http://www.simpletaxindia.net