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Exam (elaborations)

BST ICAEW EXAM QUESTIONS AND ANSWERS GRADED A+ 2025/2026

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BST ICAEW EXAM QUESTIONS AND ANSWERS GRADED A+ 2025/2026

Institution
ICAEW BST
Course
ICAEW BST

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BST ICAEW EXAM QUESTIONS AND
ANSWERS GRADED A+ 2025/2026




Mission Statement - ANS RSVP

Reason

Strategy

Values

Policies



Strategic formulation - ANS Internal & External Analysis

Leads to corporate appraisal and the formulation of mission and objectives

Any gaps are found - GAP Analysis

Leads to the strategic choice and implementation



Critical Success Factors (CSFs) - ANS A small number of key goals that are vital to the success
of an organisation and to the achievement of a sustainable competitive advantage.



Mendelow'S Stakeholder matrix - ANS Key players, keep informed, satisfied, minimal effort.
Balance of interest and power/influence



Business environment - ANS Micro - Market and participants


1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.

, Macro - PESTEL



Validating information - ANS Age of information

Integrity of source

Historical accuracy



PESTEL - ANS Political

Economic

Social

Technology

Ecological

Legal



Ohmae's five Cs - ANS Customer

Competition

Company

Country

Currency volatility



Porter's diamon - ANS Demand

Basic factors - natural resources, climate and labour

Advanced factors - education, skills and comms

Related and supporting industries

Strategy, structure and competition

Government and chance events input to the model



2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
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ICAEW BST

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December 16, 2025
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Written in
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Type
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  • bst icaew exam questions and answers graded a 202
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