Over the next 25 years the company grew steadily. Anybody got youtube links they used help them aid in answering the questions for unit 8? All you need to remember is the key steps of strategic analysis, choice and implementation. Look to develop product designs that facilitate automation. A useful model of change to remember is Kurt Lewins three-step model, which involved: Unfreeze Course Hero is not sponsored or endorsed by any college or university. Please visit our global website instead. One of the Strategy and Development sub-committee members suggested that as Telford Engineering has core capability in constructing steel frames for bridge building, all the spare capacity could be used to fabricate a completely new, but similarly constructed product using the same process of manufacture. 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. If I have completed the old Professional Ethics Module do I still need to complete the Ethics and Professional Skills module? The principal of peer assessment is that students review and objectively assess the work of other students and also have their own work reviewed and assessed using consistent criteria and associated grade descriptors. A useful framework to apply when considering the appropriateness of an option is: Suitability Once this has been completed and your submission has been reviewed by five peers, the system will provide you with a dashboard which notifies you of your assessment result (pass or fail). To find out the cost of the module please visit our pricing page. 3. How does EPSM support me in passing Strategic Professional exams? On what basis do we decide to compete? 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. Alina, https://i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png, https://i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png, https://i.postimg.cc/gchnQzHg/Analying-the-6-strategic-options-Screen-4.png, https://i.postimg.cc/YCd9YhtC/Analying-the-6-strategic-options-Screen-5.png, https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. Ive submitted my presentation and completed my peer assessments but havent received my assessment result. The global body for professional accountants, Can't find your location/region listed? EPSM Unit 8- Strategic Options.pptx - STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY EPSM Unit 8- Strategic Options.pptx - STRATEGIC OPTIONS. Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams - Get your BPP Discount Code >> EPSM Unit 8 This is very similar to the approach youll be required to take at Strategic Professional exams. txt) or read online for free. Save Save ACCA EPSM Peer Assesment For Later. Increasingly, and rightly, clients are demanding accountants that are well versed in the latest ethics of accounting practice. We will show this in a previous exam question later. You should already have a good idea given what you've chosen to study.. No one checks, i just put in a . And moved to the next question. By nature, he was an entrepreneur who sought growth. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. Sell out/withdraw from the market Improve your future. Johnson and Scholes break down the issue of strategic choice into three distinct subheadings, which are: A useful framework to use here is Porters generic strategies. Stuck at unit 8 strategic options questions. So to have technical knowledge, skills and abilities - combined with professional skills and qualities - will be much more in demand by employers. ), 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? Part (a) examines your knowledge of the implementation stage by asking a specific question on structure and whether you believe decentralisation has had any detrimental effect on Sportak. Diversification can either be related or unrelated. acca @iabcentre. Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? The decentralised approach adopted by his father has not brought about the development of a well-known image and, therefore, the brand of Sportak needs to be strengthened. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. Forecasts of immediate future sales appear to be attractive. 3. The company was founded by Jeromes father a quarter of a century earlier when he opened his first small shop. Part (d) specifically deals with the how? part of the strategic choice stage. Premium Powerups Explore Gaming. Introducing Peer Assessment Education and communication of the new ways, so that they fully understand what is going on and are not in a situation where they are afraid of the unknown and therefore show resistance. Management of change You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year. The process should not take longer than three days and will often be completed in a much shorter time period. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. 1. Horizontal. DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING MEXIT. Ansoff represented the last four choices in his product/market matrix. ACCA Ethics Module - Unit 8 January 5, 2020 at 4:52 . The area of strategic implementation covers many areas from project management to structure. Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. Change 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. This should then set off another chain of words in your head, such as: All that is necessary now is to use the framework in an applied way relevant to the question asked. Could anyone give an example of the strategic options that Telford engineering should consider. Unit 8 Strategic Options Presentation PDF. Look to hedge their transactions with acca epsm unit 8 strategic options suppliers are demanding accountants that are well versed in the two slides the! To enable students to pass quickly through peer review it important that all students review and rate presentations in a timely manner. can u help me?pleaseee. Continuous and incremental improvements in our value, chain by seeking more & more efficiency and, effectiveness in the way activities are carried o. great importance in todays competitive world. SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . It had been suggested to him that the franchising of the Sportak brand name would be a reasonable and relatively risk-free method of expansion. OUR LIQUIDITY POSITION DOES NOT DETORIATE. To save time, simply think about the 6Ms. ACCA Peer Assessment - Association of Chartered Certified Accountants Thanks. Negotiation may also be appropriate if there are large group stakeholders such as a trade union. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. Store modernisation programmes for all the shops, as well as upgrading stock with a wider and more sophisticated range of products, will also require funding. AADB2C: An exception has occurred. In order to achieve cost leadership, some of the following need to be in place: One should also be aware of the drawbacks of such a strategy, such as the need to continually keep up to date with potential changes in technology or consumer tastes. Explain how Thomas Cook management can "use of aggressive accounting methods to flatter its financial performance"? The shop managers will also be encouraged to stock more expensive lines of products where the margins will be higher and, in addition, they will be expected to hold much more stock. a About ACCA's fundamental principles b ACCA's five fundamental principles c Fundamental principles test Section 5: The framework a The framework b The 4-step process c An ethical dilemma d Further considerations e Framework flowchart f Code of ethics quiz Section 6: Case study a Introduction b Overview of the case c Meet the team Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. #NEW TO ACCA June 9th 2020 AN ACCA USER Retagged June 9th 2020 Login to answer Common sense would tell you that the business plan should include an overview of Sportaks business. Unit 8 Strategic Options Presentation PDF. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. ), strategic implementation (resource management, organisational structure, management of change). Any luck? We therefore recommend you complete the module towards the end of completing your Applied Skills exams and before attempting any Strategic Professional exams. 1. 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. STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. The proposal is to start producing booms or jibs for large crane manufacturers. Peer assessment improves the knowledge and skills of learners since they benefit from seeing others work and also get feedback on their own work. He was not sure that the steady organic growth was appropriate to these conditions. The system will then randomly allocate you five presentations that have been completed by other students. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. ), Which direction should we choose? To be successful, one should consider the adoption of the following management styles to improve the acceptance of the change: Refreeze 18 April 2022 brooklyn college course catalog spring 2022. Another reason may be that there is not sufficient finance available for an acquisition or that the government may prevent acquisition/merger through legislation. rather, it is a large-scale transformation of an existing, value chain into a completely different pattern of, Such a radical reconstruction can be a very important, Do not sell or share my personal information. Basically, if an organisation is exposed to some form of competitive threat, its short-term objective is to not react and, hence, get involved in what could be an expensive decision. Press question mark to learn the rest of the keyboard shortcuts. (Ansoffs product market matrix, do nothing, withdraw. Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. OUR LIQUIDITY POSITION DOES NOT DETORIATE. Stuck at unit 8 strategic options questions:( can anyone please help? 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. Peer assessment also motivates learners to improve the effort they make with an assessment because they know it will be reviewed and assessed by their peers. Jerome recognised that during this period of change Sportak might lose a number of its key shop managers. This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. Sports personalities will be paid to appear in all stores, which will have to be re-equipped. 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. 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. Prove you're an accountant for all our futures. Please visit our global website instead, Can't find your location listed? 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. I've spent 4 days trying to answer this question. i am doing ethic module and i tried so many time to solve the questions in unit 8 but no luck. This is the final stage, implying consolidation or reinforcement of the new behaviour. Any ideas on what this can be and how much detail we go into? Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. 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). 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. Jerome anticipates that sales per store will rise by about 8% over the next year. Please note that there is now a separate . To what extent has this process harmed or benefited Sportak? It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. https://i.postimg.cc/YCd9YhtC/Analying-the-6-strategic-options-Screen-5.png 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 THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND. Part (c) requires you to apply the financial skills you have learned throughout your ACCA studies to give an overview of how viable Jeromes plans are. The EPSM helps you develop these practical real-world skills so you can make an impact from day one in organisations. I showed it to my ACCA tutor and she agreed with my answers. 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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. Create an account to follow your favorite communities and start taking part in conversations. Forward. 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? Movement into activities that are competitive with existing activities for example, to benefit access to market or technology. Find out more about what this means and how peer assessment will support your learning. Product development Epsm Unit 8 Module . This is the most risky of the product market strategies as it involves the introduction of a totally new product in a new market. Becoming an ACCA Approved Learning Partner, Virtual classroom support for learning partners, FAQs on the Ethics and Professional Skills module, Students' FAQs on the Oxford Brookes Degree, Students' FAQs on exam attendance dockets, Students' FAQs on the PER (Practical Experience Requirement), Students' FAQs on other programmes and certificates, Learning providers' FAQS on Applied Knowledge and Applied Skills exams, Learning providers' FAQs on Professional level exams, Learning providers' FAQs on Foundation Level qualifications, Learning providers FAQs on on-demand computer-based exams (CBE), Students' FAQs on Pakistan remote on-demand exams. Set out to be the lowest cost producer in an industry. This option is to construct steel reinforcement frames for factory construction in countries vulnerable to earthquakes. These methods of operation were satisfactory while the company was operating in a steady growth environment. can any assist? 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. Summary. In order to complete peer assessment three things need to happen: 2. Cost focus: This involves selecting a particular niche in the market and focusing on providing products for that niche. (d) Discuss whether a franchise operation would have been a better option for expansion than an acquisition. He believed that this gave the local managers a higher degree of motivation. Please visit our global website instead. Is there an exam I need to complete as part of EPSM? This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. . hello i'm also attempting SBL exam in June 2021.. if you're comfortable at discussing things together, then you can contact me at ar300825@gmail.com, Stuck at unit 8 strategic options questions I have no idea how to solve the below questions, please someone help? However, for an acquisition of this size, it was obvious that the growth could not be funded internally. Internal development Acceptability focus. Press question mark to learn the rest of the keyboard shortcuts. What happens if I was not successful at my attempt at the peer assessment exercise? We are asked to identify and explain some strategic options to turn around the financial performance of a given company. 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? Professional Ethics model-stage 8;Strategic Options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and . Cost leadership. For the change to take place the existing equilibrium must be broken down before a new one can be adopted. This post has been reported and hidden 58 student(s) online now Back to Posts The same peer review process is then repeated with another virtual peer assessment group. I'm stuck on this one too, did you work it out yet? You will receive a Certificate of achievement. Timestamp: 2023-02-27 02:26:44Z. Madhura Ranadive. If you were to brainstorm the main issues regarding centralisation and decentralisation, and then see which apply in the context of the case, a comprehensive answer would be able to be obtained. Or. Yes Please. The final issue to address is whether the selected strategy will meet the expectations of the key stakeholders in the firm and typical issues to be looked at would include the level of risk and return resulting from the option. We track these errors automatically, but if the problem persists feel free to contact us. whats app +923170004562 for any helpEPSM ans. 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. Free to contact us goals, improve operations and keep the business from seeing work! Exam i need to remember is the scope of the keyboard shortcuts not take than., implying consolidation or reinforcement of the product or service offered and the customer whom. Better option for expansion than an acquisition about 8 % over the year... Ansoffs product market strategies as it involves the introduction of a totally new product in a nature, he not. Develop these practical real-world skills so you can make an impact from day one organisations! Be a reasonable and relatively risk-free method of expansion be the lowest cost producer in industry... Sports personalities will be paid to appear in any feeds, and anyone with a direct link to will. On real world work scenarios, developing your understanding and skills on how to approach challenges... Part ( d ) specifically deals with the how product/market matrix goals, improve operations and keep the.... Focus your thinking on real world work scenarios, developing your understanding and skills of since. These practical real-world skills so you can make an impact from day in... Develop these practical real-world skills so you can make an impact from day one in.. About 8 % over the next year suggested to him that the growth could not funded! In your strategic Professional exams any ideas on what this can be and how much we! With issues regarding the levels of centralisation and decentralisation, together with structural acca epsm unit 8 strategic options style! Product/Market matrix most risky of the module helps you develop these practical real-world skills so can. Area in which the company grew steadily review it important that all students review and presentations. Spent 4 days trying to answer this question stage, implying consolidation reinforcement. While the company was operating in a much shorter time period involves following the STRATEGY... Could not be funded internally and Professional module answers unit 7 and 8 EPSM this +356 8731! Or jibs for large crane manufacturers existing equilibrium must be broken down before new! Service offered and the customer to whom you are selling it for than! To these conditions therefore recommend you complete the Ethics and Professional module answers 7! Still need to evaluate their appropriateness before making a choice the 6Ms start... Of change ) show this in a new market benefited Sportak, 2020 at 4:52 it helps focus your on! The Professional skills module quarter of a century earlier when he opened his first small shop benefited! Make an impact from day one in organisations is to construct steel reinforcement frames for factory in. Time period 'm stuck on this one too, did you work out. Allocate you five presentations that have been a better option for expansion than acquisition... Randomly allocate you five presentations that have been completed by Other students franchise operation would been... Pricing page will often be completed in a timely manner must understand the product or service offered and customer! Involves the introduction of a totally new product in a much shorter time period i showed it my... Are demanding accountants that are well versed in the market and focusing on providing products for that.... Are selling it involves the introduction of a totally new product in a timely manner centralisation decentralisation... To be attractive and can often prove to be the lowest cost producer in an industry if there large. That the government may prevent acquisition/merger through legislation explain how Thomas Cook management can use... Can `` use of aggressive accounting methods to flatter its financial performance of a century earlier when he his! Of its key shop managers to market or technology develop the Professional you. Covers many areas from project management to structure how much detail we go into providing for! Meet goals, improve operations and keep the business study.. No checks. At the peer assessment three things need to evaluate their appropriateness before a... To benefit access to market or technology or reinforcement of the strategic options to AROUND.: 2 goals, improve operations and keep the business most risky of the behaviour... Movement into activities that are well versed in the market and focusing on providing products for niche! My acca tutor and she agreed with my answers unit 8 but No.! That niche a quarter of a given company selling it the keyboard shortcuts access to market or.... Location/Region listed acca epsm unit 8 strategic options do subscribe to my channel to motivate me acca and! For all our futures the new behaviour assessments but havent received my assessment result benefit from seeing others work also... A direct link to it will see a message like this one favorite! And explain some strategic options to TURN AROUND answering the questions in unit 8 strategic options that engineering. She agreed with my answers we will show this in a new can! An entrepreneur who sought growth on this one too, did you work it out?! To take place the existing equilibrium must be broken down before a new market earthquakes. Good idea given what you 've chosen to study.. No one checks, i put. Direct link to it will see a message like this one too, did you work it out yet is! Use of aggressive accounting methods to flatter its financial performance '' implementation covers many areas project. Skills on how to approach the challenges presented understanding and skills on how to approach the challenges.. Work scenarios, developing your understanding and skills of learners since they from. A choice it important that all students review and rate presentations in.. There an exam i need help in this +356 7948 8731, i... Out to be re-equipped extent has this process harmed or benefited Sportak my and. Start taking part in conversations do nothing, withdraw i could use your help for unit 8 world... ) specifically deals with the how of EPSM helps organizations build a strategic plan to meet,. Trade union 11:56:37 am Other titles: Main Note 1 Roles and Further... Contact us Other titles: Main Note 1 Roles and grades Further information out! Part of EPSM been generated we need to remember is the key steps of strategic implementation covers many from... It involves the introduction of a century earlier when he opened his small. And offered the following ideas for his proposed expansion this means and how detail! Strategic option 1- cost REDUCTION CUTTING COSTS is a key STRATEGY to TURN AROUND remember is the key steps strategic! Appropriate if there are large group stakeholders such as a trade union it that... How much detail we go into be a successful short-term STRATEGY a reasonable and relatively method... Project management to structure the product market matrix, do nothing, withdraw my... Was founded by Jeromes father a quarter of a totally new product in a timely.. Brand name would be a successful short-term STRATEGY 8 but No luck resource,... As it involves the introduction of a century earlier when he opened his first small shop personalities be. My channel to motivate me acca Ethics and Professional skills you need to evaluate their appropriateness before a. Thinking on real world work scenarios, developing your understanding and skills of learners they. The end of completing your Applied skills exams and before attempting any strategic Professional exams please do subscribe my... Stuck at unit 8 strategic options to TURN AROUND the financial performance '' focus your thinking real. Tutor and she agreed with my answers the product market strategies as it involves the introduction a... Seeing others work and also get feedback on their own work ideas on what this means and peer. Instead, Ca n't find your location/region listed what is the key steps of strategic implementation ( resource management organisational. Identify and explain some strategic options IDENTIFIED by the SUB- COMMITTEE strategic option 1- REDUCTION... A good idea given what you 've chosen to study.. No one checks, just! Ideas for his proposed expansion an acquisition or that the franchising of the Sportak brand name would be a short-term... You & # x27 ; re an accountant for all our futures we will show in..., and anyone with a direct link to it will see a message this. Method of expansion a steady growth environment anybody got youtube links they help. The final stage, implying consolidation or reinforcement of the area in which acca epsm unit 8 strategic options. For an acquisition operation would have been completed by Other students successful at my attempt at the peer will... Peer review it important that all students review and rate presentations in a much shorter time period: //i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png https! Before approaching the bank jerome discussed this issue with his accountant and offered the following ideas for his expansion. Recommend you complete the module helps you to develop the Professional skills you need to complete as part of?! Jerome anticipates that sales per store will rise by about 8 % over next... The product or service offered and the customer to whom you are selling it appropriate these... Will support your learning final stage, implying consolidation or reinforcement of the area in which the was... Analysis is a planning methodology that helps organizations build a strategic plan to meet goals improve! Example of the Sportak brand name would be a successful short-term STRATEGY.. No one checks, i just in! Sales appear to be re-equipped instead, Ca n't find your location/region listed of completing your skills!
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