MyCIMA

P6 Exam!

Replies : 38

How did everyone else find it?

Can't say I was too thrilled by Sec A - first 2 qs on knowledge managment completely threw me & had a hard job recovering from that.

P6

I wasnt happy with the benchmarking/balance scorecard question. Dont know how could do 12 calcs. Did Q2 (competive adv) and Q5 (good q on mendelows)

P6

I also did Q2 & Q5 but didn't have time to finsh them fully as I stupidly spent too much time pussyfooting around Q1.

P6

Louise, I done exactly the same q's. I too didnt get the BSc./Benchmarking Q. Was it asking for just financial benchmarking? Cos like you say there wasn't enough info to get 28 marks! I tried to come up with Customer/Innovation etc benchmarks but was just writing nonsense. Relying on optionals now..

P6

i tackled it wrong first as completed a balanced scorecard for each of the four areas and then re-read it to say do not produce model so then used the BSC and wrote about the four areas including example. I then also did a profitability analysis comparing 2004 - 2008 and variance for both companies

P6

Yeh thought the knowledge management bit wasn't too bad a start. Dissecting Mr Amit's statement was difficult for 6 marks but said it over emphasised the use of IT in KM. Balance Scorecard/Benchmarking I just did the four perspectives with about 3 or 4 points for each, comparing AAA and XXX.

Calculations wise I did Profit Margins for 2004 and 2008, Sales growth between 04 and 08, Turnover/Staff member for 2008, Support staff per Consultant, Return on Net Assets for 2004 and 2008, think thats 16 indiviual calculations. 5 Forces was kind of rushed because of spending so long on the above.

Did Q2 and Q5 for optionals.

Didn't really know what Q2 was asking when it said to evaluate 3 strategies, I didn't know if it just wanted us to say "Cost Leadership, Differentiation and Product Development," but I went for Developing the website and e-commerce, Selling the Distribution Arm and Differentiation/Product Development as all of the competitors did the same thing. Q5 was tricky I thought but probably because I was running out of time.

BS

Louise, it didn't say don't produce a balanced scorecard, it said don't describe what one is.

p6

I bantered about porters generic strategies for q2 (cost leader,differentiation, focus/niche) didnt get into specifics about website or anything... was rushing a bit

p6

Andrew King wrote:
Louise, it didn't say don't produce a balanced scorecard, it said don't describe what one is.

 

didnt it say produce a benchmarking ananysis, 'using' BSc as framework?

P6

I also did Q2 and Q5 - did anyone not??

yeh

Yeh it did, so what is using BSc as a framework if you're not using the four headings, internal, financial, innovation and learning and customer as a starting point for your analysis? Under each point I put about 3 or 4 sub headings to use as benchmarking criteria and then compared XXX and AAA. Under Internal Perspective for example, I put, Support Staff per Consulatant and then compared them saying AAA had 0.8 compared to XXX's 0.25, perhaps showing that AAA is overstaffed.

yeh

CB Edinburgh wrote:
I bantered about porters generic strategies for q2 (cost leader,differentiation, focus/niche) didnt get into specifics about website or anything... was rushing a bit

Yeh I'm thinking you've probably gone along the right lines but I was looking for it to say Generic Strategy instead of just strategy :-/ Kind of wish I'd just used Porter now

p6

I am sure it said do a benchmarking analysis - no need to explain BSC or produce Oh well! On q2 - I talked about the website, other strategies - thought of a slide in class of strategic choice but not the generic choice but other directions (acquisition, joint venture) - probably went off on a tangent

p6

Yeh, it didn't say explain or produce it said use as a 'framework.' I think all of the questions were pretty vague as to what they were looking for, oh well we'll find out on Jan 14th... Better start revising for P9 tomorrow :-(

P6 Exam

I answered Q2 and Q3 (BPR). Can anyone remember how the mark allocation was split in Q2? I struggled for time in this one and panicked a bit towards the end. Ended up leaving quite a few sections out.

p6

Q2 mark split: 7 to explain the benefit of conducting a competitor analysis 12 to comment on 3 possible strategies 3 to recommend a short-term strategy 3 to recommend a long-term strategy

Q2

It was 7 for part (a) then 12 for the strategies and 3 for each of the recommendations.

P6

If you look back over the past exams the question 1 today was very similar to one a few years ago where they asked for a balanced scorecard of the company and then do a benchmarking comparison between 2 companies and finally it asked about knowledge management.

P6

Questions 4 and 5 for me, 5 seemed relatively straight forward with the analysis being 16marks, probably spent too much time on it. Question 4 i used Lynch's expansion matrix methods of JV, Licensing, Overseas Sub etc, ran out of time towards the end. Q1 was definitely a tough one, just don't know whether they wanted a straight forward comparison analysis or for you to point out the indicators and do the analysis. I done pretty much the same calcs as Andrew above.

P6

What did everybody think of Question 3 part 1? About the principles of BPR? What did evrybody write?

P6

Another one for 2 & 5 here, Didn't think that was a particularly bad paper. Fingers crossed for all!

P6

Principles of BPR - Lean processes, add more value to each section of the value chain, increase effeciency...etc etc What did people write for q2 part A? The benefits of competitor analysis? I mentioed Grants 3 principles? Awareness of comp strategies Predict responses to initiatives Influence behaviour anyone else??/

P6

For principles of BPR did anybody also write about the advantages of BPR too?? Section A was quite tricky especially the benchmarking 16 marks for discussion seemed a bit tough!

P6

I did 2 & 5 also! Tried to do 4 but my mind went blank so went for 2 with about 40 minutes left. Dreading tomorrows p9 hence the fact I'm wasting time on here...

P6 Q4

did anyone do Q4? what did you think? was i correct to use organic growth, acquisition/merger, joint venture, franchise - in terms of strategies for entering new markets in new counties?

P6

i did the same as most people q 2 & 5. Question 1 for so time consumming and had to rush porters 5 forces, Question 2 & 5 I went blank when it came to mentioning strategies i didnt mention porter but indirectly answered it using porters and ansoff. By mentioned need to reduce cost and outsource production of manuals, use Web to sell manuals direct and expand share & Reduce the manuals to smaller sizeable chunks as opposed to a large book and it could come in a box set . And did a SFA for each i dont know if that was the right approach though question 5 was just rushed i hope my hand wiriting dont let me down and i was rushing to write all the points before time ran out.

P6

I did questions 3 & 5, thought the BPR was a gift - managed to gain back a few minutes that I over-ran on Q1 What did people put for the last part of Q1 on P5Fs - I mentioned:- Competition - fact that staff were leaving and working for them taking valuable inside knowledge Barriers - reputation of AAA and maybe they differentiate their services on quality Customers - mentioned that maybe they were tied in to a contract I was rushing for time on this part, really annoyed with myself that I did not do justice - not mention suppliers, subs or power to each one - do you think I will lose many marks for this?

P6 BPR question

For the BPR question was it asking for the benefits of implementing BPR to the company e.g. through the computer system speeding transcations up or the general benefits of BPR? also

P6 BPR question

For the BPR question was it asking for the benefits of implementing BPR to the company e.g. through the computer system speeding transcations up or the general benefits of BPR? also was it asking how the new system should be best implemented e.g. analysing suppliers and systems post implementation review etc?

P6 BPR

well for the BPR question where it said how is it best implemented, i wrote the 4 key stages of BPR Identify processes Rationalise processes Redesign processes implement new processes ........ Then for the benefits i put how it benefited the company, as in better efficiency, less customer complaints, salesman can spend time selling on phone rather than driving between homes etc. For question 1 calculations i did profit margin %, asset turnover, revenue / employee and consultant, and profit / employee...? anyone else?

p6

Louise Tighe wrote:
I am sure it said do a benchmarking analysis - no need to explain BSC or produce Oh well! On q2 - I talked about the website, other strategies - thought of a slide in class of strategic choice but not the generic choice but other directions (acquisition, joint venture) - probably went off on a tangent

 

Unless you produce a BSC , how would you compare KPI's for benchmarking purposes....the question clearly stated using a BSC framework for benchmarking....it also said no need to explain what was meant by BSC.