CA Inter SM Important Topics & Questions

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These are a few TOPICS not to be missed. I will suggest looking at this list as a list of topics rather than a list
of questions. Also, this is not a substitute for complete overall study.

CA Inter SM May 2024 - Important Questions List

New Topics are highlighted. New Topics are important by Default.

Chapter 1 - Important Topics

1. Strategy is partly proactive and partly reactive
2. Limitations of Strategic Management.
3. Importance of Strategic Management.
4. Values (New Topic)
5. Vision
6. Mission
7. Role of corporate-level managers
8. Strategic Role of functional managers.
9. Network of relationship between the three levels. (New Topic)

Chapter 2 - Important Topics

1. Continuous interaction between a business and its environment.(New Topic)
2. PESTLE– A tool to Analyse Macro Environment.(New Topic)
3. Developing internationally (New Topic)
4. International Environment (New Topic)
5. Porter’s Five Forces Model - Complete and detail study is required.
6. PLC
7. Value chain analysis
a. Value Creation. (New Topic)
8. Experience Curve
 CA Inter SM Important Topics & Questions

9. Elements influencing customer behaviour.

10. Steps to understand Competitive Landscape.
11. Key success Factors
12. Strategic Analysis Risk.

Chapter 3 - Important Topics

1. Stakeholders - Entire topic is important, including Mendlow matrix.
2. Strategic group Mapping
3. Marketing strategies To reach out to customers
4. Core competency - Full Topic.
5. Competitive Advantage Full Topic
a. Types of question ICAI can ask
i. Define competitive advantage and explain its significance in today's business environment. Discuss the
role of innovation and technological advancements in gaining a competitive edge over rivals.
ii. XYZ Ltd., a leading e-commerce company, has consistently outperformed its competitors in terms of
customer satisfaction and market share. The company has invested heavily in building a robust supply
chain network, developing a user-friendly website, and offering personalized recommendations to
customers based on their browsing history. Identify and explain the sources of XYZ Ltd.'s competitive
advantage.
iii. "Sustainable competitive advantage is the key to long-term success for any organization." In light of
this statement, discuss the four major characteristics of resources and capabilities that enable a firm
to achieve and maintain a competitive advantage. Provide examples to support your answer
6. SWOT Analysis
7. Michael Porter’s Generic Strategies - All the topics are important. Special Focus on Best cost provider startegy
a. Type of questions that ICAI can asked
i. Explain the concept of cost leadership strategy and discuss the circumstances under which an
organisation can gain competitive advantages from pursuing this strategy. Also, highlight the potential
risks associated with the cost leadership strategy.
ii. ABC Ltd., a consumer electronics company, has recently launched a new line of products with
innovative features and premium pricing. The company aims to create a strong brand image and
attract quality-conscious customers who are willing to pay a higher price for superior products.
Identify and explain the Porter's Generic Strategy adopted by ABC Ltd. and discuss the advantages and
disadvantages of this strategy.
iii. Distinguish between cost leadership and differentiation strategies. Provide examples of companies
that have successfully implemented each of these strategies and explain how they achieved a
competitive advantage in their respective industries.

Chapter 4 - Don’t skip any topic in this chapter at all. After every topic see ICAI questions for sure. There is little confusion in this
chapter regarding “What strategy is implemented” questions. You can have command on this only by going through questions
multiple times. Follow ICAI in case of confusion. My Request will be to follow ICAI even if you think it is wrong. Sorry for this. But
we have no other option as of now. We hope ICAI will clarify and sort the confusion in future. After All ICAI is World's leading
accounting body, a regulator and developer of trusted and independent professionals with world class competencies in
accounting, assurance, taxation, finance and business advisory services.

BCG Model and its application is the most important topic from this chapter, not to be skipped at all. Study it properly please.

Chapter 5
1. Stages in Strategic Management
 CA Inter SM Important Topics & Questions

2. Difference between Strategic and Operational planning

3. Dealing with Strategic uncertainty
4. Difference between strategy formulation and strategy implementation
5. Steps for initiating Change
6. Kurt Lewin model of Change
7. Digital transformation - Full Topic(New Topic)
8. McKinsey 7S Model - Full Topic.(New Topic)
9. Structure
a. SBU
b. Multi-Divisional
c. Hourglass
d. Network
e. Matrix.
10. Responsibilities of Strategic Leader
11. Approaches to leadership.
12. Organisational Control - Full Topic
13. Strategic performance measures - Full Topic(New Topic)