Operations Management and Strategic Management

As a CMA, you need to be able to identify ways and means to help businesses reduce their costs
To help you do this, you need to understand how the business process works as well as its operations

You should also understand how and why product planning works along with how best to manage resources
You should understand the mission, vision and goals of the company to ensure that all decisions taken are in line with the goals laid out

Under Operations Management, you will learn about operations planning, designing of operations system and control, production planning, productivity and quality management, project management and the economics of maintenance and spares management
Under Strategic Management, you will understand strategic analysis and strategic planning such as SWOT analysis, portfolio analysis, BCG Matrices etc. You will also gain an understanding of the different stages in the strategic formulation process

The best approach to study this subject is to first understand the concepts and then solve practical questions immediately. This way you will retain the concepts for a longer tenure and understand your footing on the subject

Study Time: As per ICMAI rules and regulation, there should be at least 9 months of time gap from the time of registration to the time of giving exam. The reason behind this is, that a student should do a thorough study of all the concepts. Therefore, it is always recommended to start immediately after registering to the course

Study content:  There are many books which are available in the market as well as various books recommended by ICMAI. However, from the point of view of exam and to conceptually understand the entire syllabus, Study materials given by ICMAI is highly recommended. Cover the ICMAI syllabus in detail and don’t indulge in any selective coverage of syllabus

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