If there is sufficient finance available an acquisition will provide a very quick way of providing access to new product/market areas and the new organisation will have economies of scale advantages. Thanks. Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. The issue of feasibility evaluates whether the chosen strategy can be implemented successfully. We will show this in a previous exam question later. EPSM -Strategic options on Unit 8- Integrated Case Study. This is an alternative to the present product and builds on present knowledge and skills. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. Amy Poehler. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). This would cost $240,000 in additional development costs to convert and create spare capacity, but will open a completely new higher value market for Telford Engineering, increasing the current sales value by 20%. To what extent has this process harmed or benefited Sportak? Differentiation The firm will not market its products industry-wide but will concentrate on a particular type of buyer or geographical area. Negotiation may also be appropriate if there are large group stakeholders such as a trade union. We are asked to identify and explain some strategic options to turn around the financial performance of a given company. 50% (6) 50% found this document useful (6 votes) 2K views 2 pages. Is the company wishing to differentiate itself and the customer is prepared to pay a premium price for the added value which the customer perceives in the product, and thereby enjoys greater margin than the undifferentiated product? Any luck? Please visit our global website instead, Can't find your location listed? You could also share them with your PER mentor to demonstrate achievement towards your performance objectives. I don't even understand what the question is? By producing at the lowest possible cost, the manufacturer can compete on price with every other producer in the industry and earn the highest unit profits. Most customers were unwilling to wait for the product to be ordered and they therefore bought from competitors shops. EPSM: Unit 8 Peer Assessment Presentation We are asked to identify and explain some strategic options to turn around the financial performance of a given company. Under Jeromes plan it is proposed to allocate a substantial budget 15% of sales to spend on press advertising and on public relations, and this level of commitment will continue for the foreseeable future. Always make your living doing something you enjoy. The system will then randomly allocate you five presentations that have been completed by other students. The module takes approximately 15 hours to complete and you are able to access any of the module content again once completed if you wish to refresh your knowledge. Peer assessment improves the knowledge and skills of learners since they benefit from seeing others work and also get feedback on their own work. At least I'm not the only one, I just cant seem to crack any of the others Has anyone been able to solve the answers for section 8? Stuck at unit 8 strategic options questions:( can anyone please help? ), Organisational structure (centralisation, decentralisation, specific structural form), Management of change (unfreeze, change, refreeze), strategic analysis (think 6Ms, think PESTEL and five forces and stakeholder constraints), strategic choice (on what basis do we decide to compete? The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. To find out the cost of the module please visit our pricing page. Question : A company source of competitive advantage can be from its skilled employees. (Porters generic strategies. Recently it has expanded its range to include certain types of designer sports clothing. After the peer assessment has been successfully completed you will be able to continue with the EPSM module. In anticipating this proposed expansion and the need to manage an enlarged group, Jerome believes that it is time for a strong and centralising leader. Differentiation focus: Select a particular niche and concentrate on competing in that niche on the basis of differentiation for example, luxury goods. 92 units 93 229 CSO 1D2b LOS 1D2f Jones Corporation uses a first in first out, An adequate warming up process is the foundation of a successful group, is inserted via the artery in the groin Routine EVT reduces disability and is, Whenever someone wants better results after doing a certain work.docx, To implement geographic automata systems Benenson and Torrens 10 suggest, Cephalic Gastric Intestinal Esophageal Esophageal and intestinal 1280 10 Which, StansburyAngelia HRM460 Module 2 CT copy copy.docx, a the address of the operand is explicitly stated in the instruction b the, Now press A lt Q or click the X in the top righthand corner to get back to Excel, Each neuron gets connected to a bunch of other neurons Some dendrites are, HS3810 Health Systems & Structures DF3.docx, PMC115_Addendum_TA_ ITAS_2221_W2022-NSA.docx, integraldisplay D m z N K braceleftBigg m productdisplay q 1 G z q. He believed that Sportak needed this expansion so as to take advantage of the profitable sales still available in this sector. A final benefit is the fairness of the assessment in that the learner is not wholly reliant on the opinion and judgement of one assessor and can be more assured that their result will be safeguarded against inconsistent marking. The following 6 options have been identified by the Strategy Development sub-committee. whats app +923170004562 for any helpEPSM ans. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. March 15th 2021 AN ACCA USER Login to answer 0 Votes Stuck at unit 8 strategic options questions The following 6 options have been identified by the Strategy Development sub-committee MEXIT, Telford Engineering March 15th 2021 AN ACCA USER Login to answer Drop your whatsapp number March 23rd 2021 AN ACCA USER Login to comment the epsm still refuses to open units , it launches opens units but i cant open sessions on units, e. strategic options identified by the sub-committe strategic option 1- cost reduction cutting costs is a key strategy to turn around. Forward. please help. His fathers policy had been to open a store each year, funding this growth out of current earnings. Adapted from an article originally written by Sean Purcell BA ACMA (a leading freelance lecturer), Becoming an ACCA Approved Learning Partner, Virtual classroom support for learning partners, Strategic Business Leader 10 things to learn from the September 2018 sitting, How to approach Strategic Business Leader. In order to achieve cost leadership, some of the following need to be in place: Sample ACCA exam Any ideas on what this can be and how much detail we go into? If you have not been successful you will be provided with feedback and invited to resubmit your presentation. The presentation analyses the strategic options. Skilled employees are reported to be capable in reducing internal costs hence, THE COLD, HARD REALITY The media's attention to Jeffrey Wigand, Sherron Watkins, Coleen Rowley, and Cynthia Cooper could lead you to believe that doing the right thing and speaking out against the. I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. Anybody got youtube links they used help . Should this be the case your completion bar may fall below 100%, but this does not impact impact your completion status and it is not compulsory for you to complete any new content added to the module. And you will also be given a personalised dashboard of your performancein the end of unit assessment and a transcript showing the skills you will have demonstrated throughout the module, Youll have completed one of the three key requirements towards ACCA membership (the others being exams and experience). This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. A useful framework to apply when considering the appropriateness of an option is: Suitability It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. TO COUNTER THE HIGHER IMPORT COSTS, WE CAN FIND A DOMESTIC, SUPPLIER WHO IS WILLING TO SUPPLY THE SAME MATERIALS AT A CHEAPER, RATE AND WITHOUT REDUCING THE QUALITY OF MATERIAL THIS WILL, HELP US REDUCE COSTS AS WE WILL NOT BE AFFECTED BY THE. Cost leadership. Has anyone completed it? acca @iabcentre. TO COUNTER THE HIGHER IMPORT COSTS, WE CAN FIND A, DOMESTIC SUPPLIER WHO IS WILLING TO SUPPLY THE SAME, HELP US REDUCE COSTS AS WE WILL NOT BE AFFECTED, DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING. SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . Provide examples to justify your arguments. The answers to these two choices leave the organisation faced with three generic strategies, which are defined as: 1. He believes that this growth in sales, accompanied by his more aggressive approach to retailing, will enable his bold expansion plans for Sportak to be achieved. The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. Go to ACCA r/ACCA by Unique-Background-10. The higher sales margin would mean that the total cost of materials for this product will only be 25% of sales. undertaken to deliver value to customers. Sorry, this post was deleted by the person who originally posted it. Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. 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If you dont pass first time, then you will get feedback and you can try again until you are successful - without having to pay any additional fees. 3. Withdrawal from a business sector may be chosen to give the business more focus for example, Richard Bransons decision to sell his original business Virgin Records to concentrate on the airlines business. Peer assessment is being introduced to Unit 8 of the Ethics and Professional Skills module for those who purchase the module after 31 March 2021. https://i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png Organising the Value chain effectively is an important, Reconstructing legacy value chains to offer different. The translated cost of these imported materials from CETA in the current P/L account is $M1,100,000. Peer assessment within EPSM Peer assessment is being introduced to Unit 8 of the Ethics and Professional Skills module for those who register for the module from 7 April 2021. The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. ACCA Ethics Module - Unit 8 In the meantime, please try again. There are a series of tests throughout the module and the final unit of the module is an assessment which you will need to pass. This is the most risky of the product market strategies as it involves the introduction of a totally new product in a new market. Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. 0 coins. By being grounded in real business examples and covering the full range of advanced ethical and professional skills, the Ethics and . Press question mark to learn the rest of the keyboard shortcuts. Focus He believed that this gave the local managers a higher degree of motivation. 3. These shop managers were remunerated partly by a basic salary and partly by a sales-related performance bonus, which could be up to 40% of their basic salary. Cost leadership A firm differentiates itself from its competitors when it provides something unique that is valuable to buyers. More detailed information should be provided on the organisations resources (6Ms), together with an overview of the business environment in which it exists (use PESTEL and five forces for inspiration). The proposal is to start producing booms or jibs for large crane manufacturers. I showed it to my ACCA tutor and she agreed with my answers. He believed that only the big, nationwide retail chains would survive and that the smaller sized groups would be taken over by the larger chains of sports goods retailers who were more profitable and had greater capability to raise finance. January 5, 2020 at 4:52 . Professional Ethics model-stage 8;Strategic Options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and . Joint development A clear description of the basis on which Sportak intended to compete should also be included (use Porters generic strategies and Ansoffs product market matrix for inspiration) together with the likely returns the business is to make from the chosen strategy. Save Save ACCA EPSM Peer Assesment For Later. What are professional skills and why are these important? Horizontal. Premium Powerups Explore Gaming. Please note that there is now a separate . Or. #NEW TO ACCA June 9th 2020 AN ACCA USER Retagged June 9th 2020 Login to answer THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE OUR LIQUIDITY POSITION DOES NOT DETORIATE. We track these errors automatically, but if the problem persists feel free to contact us. Which direction should we choose? I have no idea how to solve the below questions, please someone help? By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. I've spent 4 days trying to answer this question. In Table 1 is a summary of the figures that have been prepared by Jeromes accountant for discussion. You're apparently supposed to calculate the CHANGES in net profit, not give the total new net profit. For the change to take place the existing equilibrium must be broken down before a new one can be adopted. Skip to content Skip to navigation Data analysis and manipulation - test Screen3of5 How much additional profit would be generated if $250,000 were spent on automated ticket barrier investment? Reasons (Telford Engineering) Copyright: All Rights Reserved Available Formats Download as PDF, TXT or read online from Scribd Flag for inappropriate content Download now of 4 . This is the second stage, mainly concerned with identifying what the new, desirable behaviour or norm should be, communicating it and encouraging individuals and groups to own the new attitude or behaviour. Timestamp: 2023-02-27 02:26:44Z. This involves development of the product and market but still remaining within the broad confines of the industry. Jerome saw that the market was becoming so competitive that even small and specialist markets were proving to be vulnerable. Organisational structure The benefit of the feedback received is that you can identify where you underperformed and can work on weaker areas before resubmitting your work. Please visit our global website instead. In order to complete peer assessment three things need to happen: 2. Write a brief report about the article.. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management This strategy maintains the security of the present product while enabling extra revenue to be generated from new segments for example, McDonalds and its geographic market development. Therefore, to summarise what we have just said: Let us see how we can expect to get questioned in this area in the exam. How are we going to achieve the chosen direction? The company was founded by Jeromes father a quarter of a century earlier when he opened his first small shop. By concentrating on a limited range of products or a small geographical area, the costs can be kept low. Your presentation will be reviewed and rated by five other students and you will be required to review and assess five presentations prepared by others. All you need to remember is the key steps of strategic analysis, choice and implementation. Part 2 adopts a similar simplification approach to the issues of strategic choice and strategic implementation. Log in, Viewing 14 posts - 1 through 14 (of 14 total), Ethics and Professional Module-Unit 8.8: Analysing the strategic options, https://opentuition.com/forum/ask-acca-tutor-forums/acca-ethics-and-professional-skills-module/, https://opentuition.com/topic/ethics-and-professional-skills-module-4/, https://opentuition.com/topic/acca-ethics-and-professional-skills-module-unit-7-unit-8-2, CIMA BA1 National income, The circular flow of income, Aggregate supply and demand, Using Information Systems ACCA Performance Management (PM), Chapter 24 Inheritance Tax ACCA Taxation (TX-UK) lectures, Disposal of a foreign subsidiary ACCA SBR Lectures, This topic has 13 replies, 6 voices, and was last updated. Epsm Unit 8 Module . Sales had stabilised but, even more importantly, competition was growing from a number of discount traders who were prepared to operate on low profit margins but with larger volumes. It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. Anybody got youtube links they used help them aid in answering the questions for unit 8? whats app +923170004562 for any helpEPSM ans. Your presentation will be reviewed and rated by five other students and you will be required to review and assess five presentations prepared by others. He was not sure that the steady organic growth was appropriate to these conditions. 18 April 2022 brooklyn college course catalog spring 2022. Forecasts of immediate future sales appear to be attractive. Remember that in the exam it is unlikely that you are going to get a question that asks you to regurgitate the information on strategic choice in the way in which I have just explained to you. Ethics and Professional Module-Unit 8.8: Analysing the strategic options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests Ethics and Professional Module-Unit 8.8: Analysing the strategic options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests Skip to primary navigation
