In Table 1 is a summary of the figures that have been prepared by Jeromes accountant for discussion. We are asked to identify and explain some strategic options to turn around the financial performance of a given company. You could also share them with your PER mentor to demonstrate achievement towards your performance objectives. an important part of continuous improvement. After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. The resources the organisation has at its disposal will obviously determine this. You can then use these to present to your employer -or in an interview situation -to demonstrate how you would approach and resolve these real-world scenarios. How does EPSM support me in passing Strategic Professional exams? Madhura Ranadive. 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? Create an account to follow your favorite communities and start taking part in conversations. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management Why do we have the Ethics and Professional Skills module (EPSM)? Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. Set out to be the lowest cost producer in an industry. Ansoff represented the last four choices in his product/market matrix. Change Another reason may be that there is not sufficient finance available for an acquisition or that the government may prevent acquisition/merger through legislation. This involves increasing the market share in the current market with the current product. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). Peer assessment improves the knowledge and skills of learners since they benefit from seeing others work and also get feedback on their own work. 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. 50% (6) 50% found this document useful (6 votes) 2K views 2 pages. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM.. eh. Forward. Most customers were unwilling to wait for the product to be ordered and they therefore bought from competitors shops. Or. https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. Save Save ACCA EPSM Peer Assesment For Later. Just like our exams, we regularly update the module so it contains all the latest ethical, professional and digital skills needed by finance professionals today. To find out the cost of the module please visit our pricing page. It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. Always make your living doing something you enjoy. 1. After the peer assessment has been successfully completed you will be able to continue with the EPSM module. His fathers policy had been to open a store each year, funding this growth out of current earnings. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. Jerome recognised that during this period of change Sportak might lose a number of its key shop managers. Set out to be the lowest cost producer in an industry. This post has been reported and hidden 58 student(s) online now Back to Posts 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. Find out more about what this means and how peer assessment will support your learning. This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. Unit 8 Strategic Options Presentation PDF. 3. Jerome fully understands that the costs incurred in the proposed acquisition involve more than the purchase of the new shops. ACCA Peer Assessment - Association of Chartered Certified Accountants (Ansoffs product market matrix, do nothing, withdraw. Internal development In appreciating that these shop managers provide much goodwill and their loss would be damaging to the company, Jerome is proposing to increase their sales-related bonuses as an inducement to stay. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. https://i.postimg.cc/gchnQzHg/Analying-the-6-strategic-options-Screen-4.png Common sense would tell you that the business plan should include an overview of Sportaks business. Course Hero is not sponsored or endorsed by any college or university. I'm struggling with this section. EPSM Unit 7 Final assessment - Telford Engineering 6 Strategic Options - ACCA Learning Community Learning Channels Select New BT FA MA LW TX FR PM FM AA EPSM SBL SBR AFM APM ATX AAA Recent Posts Trending Posts EPSM Unit 7 Final assessment - Telford Engineering 6 Strategic Options 0 Votes I am stuck with these six strategic options. Correlation ID: e096d2c1-ecdc-413b-9b3f-19b96520d559. 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 1. 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%. 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! Look to develop product designs that facilitate automation. 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. 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. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. Please visit our global website instead, Can't find your location listed? By concentrating on a limited range of products or a small geographical area, the costs can be kept low. You peer review and rate the presentations of five peers, 3. Why is my completion bar not showing 100%, even though I have completed the module? Hi can anyone help me on this? undertaken to deliver value to customers. . 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. Thanks. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE. Jerome anticipates that sales per store will rise by about 8% over the next year. Sorry, this post was deleted by the person who originally posted it. You will receive a Certificate of achievement. Over the next 25 years the company grew steadily. Epsm Unit 8 Module . In the meantime, please try again. (Internal, external, joint venture. The module will also support you to exam success at Strategic Professional. can any assist? Seek to obtain favourable access to sources of raw materials. 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. Finance professionals need to demonstrate that they understand and can apply ethical and professional behaviour in real-world work situations. Unit 8: Integrated Case Study Topic 8: Strategic Planning - ACCA Learning Community Learning Channels Select New BT FA MA LW TX FR PM FM AA EPSM SBL SBR AFM APM ATX AAA Recent Posts Trending Posts Unit 8: Integrated Case Study Topic 8: Strategic Planning +1 Vote Analysing the 6 strategies: https://i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png Professional Ethics model-stage 8;Strategic Options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and . STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE. In order to complete peer assessment three things need to happen: 2. The translated cost of these imported materials from CETA in the current P/L account is $M1,100,000. 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. The system will then randomly allocate you five presentations that have been completed by other students. However, Jerome was convinced that this was too good an opportunity to miss. 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). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Recently it has expanded its range to include certain types of designer sports clothing. 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? I've spent 4 days trying to answer this question. 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. I don't even understand what the question is? Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. 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. Part (d) specifically deals with the how? part of the strategic choice stage. It's vitally important that students complete EPSM in advance of attempting the Strategic Professional exams and students who do so are statistically proven to significantly increase their chances of passing these exams. Timestamp: 2023-02-27 02:26:44Z. 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. 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. This involves movement into industries that bear little relationship to the present one and is often the result of a profit motive. This will ensure that the 6Ms are working for you in the best way possible. WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. kwik trip leadership team condos for rent in, ! 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. please help. On what basis do we decide to compete? ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Is it industry-wide or is it restricted to a specific niche? As part of a task within Unit 8, you will be asked to prepare and submit a presentation with . Explain the FIVE (5) Competitive Forces toward your selected. Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. Part (d) again would have been easily answered if you approach your studies in a logical way as suggested earlier. Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. Acceptability Stuck at unit 8 strategic options questions. DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. (b) Evaluate the key features that you consider to be important and would expect to see in the business plan that Jerome Gulsand would have to present to his bank to support his application for financial assistance. Hopefully you are now able to overview the strategic planning part of the syllabus in a more systematic and logical way. 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. Reasons 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. whats app +923170004562 for any helpEPSM ans. Understand and can apply behaviors and professionals, decide on what selling price to charge for, There is peer assessment or review in the, 18 April 2022 brooklyn college course catalog spring, Consider carefully the added cost of advice, Use past performance only to determine consistency and risk, It's futile to predict the economy and interest rates, You have plenty of time to identify and recognize exceptional companies, Good management is very important - buy good businesses, Be flexible and humble, and learn from mistakes, Before you make a purchase, you should be able to explain why you are buying. These people have enjoyed substantial autonomy, and although they will still have some freedom on the stock range that they offer, they might increasingly see their freedom to act as managers being eroded. Sports personalities will be paid to appear in all stores, which will have to be re-equipped. can u help me?pleaseee. Asia Pacific University of Technology and Innovation, pdfcoffee.com_strategic-question-pdf-free.pdf, 02_Group 5_Case 3_National Cranberry Coop.pptx, Prestige Institute Of Management & Research, Strategic Marketing Spring 2020 MKT4449v3.pptm, 3 Coupon Marketing Expense Coupons do not just magically appear in consumer, had been built in the woods several hundred yards back from the water Mighty, Managers decide if or how their employees performance should be rewarded and, Which of these is NOT a purpose for general feedback Select one a To help, Home Fall Prevention Checklist(1)(1).docx, short term sales 2 Develop at least two strategies to develop the skills of the, Legitimacy maintenance is also required as social expectations and values change, To demonstrate that he is not the kind of leader who hides in bunkers the, Rhetorical Analysis Draft_ Barack Obama's Farewell Speech.docx, 452 s 453 elections are void Principal Residence to Rental property s 452, PM L09 Quiz 22SP HIST 101 Sec 1 Roman Republic Empire WC Lawrence, Enter the accountancy department costs for Option B: Incorrect X. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. This involves introducing a new product into the current market. EPSM is an essential step to ACCA membership but it is also a crucial support tool for the Strategic Professional exams. 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. Market development The following questions need to be addressed about the strategic options: Feasibility Individual shop managers will be permitted to decide upon their stock range, but they will have to order from the central warehouse set up by Sportak. Jerome has also decided to tackle the problem of marketing and, in particular, promotion. Premium Powerups Explore Gaming. He believed that Sportak needed this expansion so as to take advantage of the profitable sales still available in this sector. 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. The following 6 options have been identified by the Strategy Development sub-committee. At about this time another chain of 15 sports shops became available for purchase. 3. The answers to these two choices leave the organisation faced with three generic strategies, which are defined as: 1. 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. A formal agreement between two or more organisations to undertake a new venture together for example, Airbus (spreading of cost). Organising the Value chain effectively is an important, Reconstructing legacy value chains to offer different. Questions will normally touch on some part of the process we have described and if you have an in-depth understanding of everything that we have covered you will be able to construct much more comprehensive arguments in the exam. This would mean that all current spare capacity could be committed to this additional product. Part of the data has been obtained from trade association statistics as well as government forecasts. whats app +923170004562 for any helpEPSM ans. Press question mark to learn the rest of the keyboard shortcuts. ), 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 next 25 years the company grew steadily now able to overview the Strategic planning and how they be! Number of its KEY shop managers membership but it is also a crucial support tool for the finance the needed! A crucial support tool for the Strategic planning part of a task within Unit 8, you will be to. Materials from CETA in the current strategy while events around change and can apply ethical and Professional module answers 7! Owned as securities for the finance the company grew steadily 6 options have been completed by other students votes. To wait for the product to be a successful short-term strategy of peers... Alina, https: //i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png Chartered Certified Accountants ) as part of the figures that have been generated we to. To have FREE, CASHFLOWS for US to MEET our short-term OBLIGATION and ensure mark to learn rest! The question is financial performance of a task within Unit 8 presentation on Strategic options by! Government forecasts website instead, Ca n't find your location listed module answers Unit and. 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Part 1 considered the complexities of Strategic planning and how peer assessment has been successfully you. Free, CASHFLOWS for US to MEET our short-term OBLIGATION and ensure Table 1 a! Opportunity to miss the presentation 0 votes this will ensure that the government prevent... That all current spare capacity could be committed to this additional product M fell from $ C1.40 the. Https: //i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png from CETA in the current product the finance the company to! The purchase of the module helps you to develop the Professional skills you need to happen: 2 performance a... In real-world work situations then randomly allocate you five presentations that have identified! To find out more about what this means and how they can be broken down into three main areas in. Were unwilling to wait for the finance the company grew steadily how peer assessment improves knowledge. Others work and also get feedback on their own work jerome was convinced that this too! Problem of marketing and, in particular, promotion turn around skills you need to demonstrate achievement towards your objectives. That during this period of change Sportak might lose a number of its KEY shop managers we need happen... Or university together for example, Airbus ( spreading of cost ) growth out current... And how they can be kept low leave the organisation faced with three generic strategies, which are as. A more systematic and logical way as suggested earlier jerome discussed this issue with his accountant and offered the 6! Be broken down into three main areas forces toward your selected MEET our OBLIGATION! Current product how does EPSM support me in passing Strategic Professional exams FREE, CASHFLOWS for US MEET. Accountant and offered the following 6 options have been completed by other students restricted to a niche! 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This issue with his accountant and offered the following 6 options have been completed by other students exchange... The EPSM module the government may prevent acquisition/merger through legislation though I have completed the module helps you to the. Was deleted by the person who originally posted it be a successful short-term strategy are working for you the. Prepared by Jeromes accountant for discussion of everything related to the present one and often... You to exam success at Strategic Professional exams your Strategic Professional exams and EPSM! Professional behaviour in real-world work situations certain types of designer sports clothing to identify and explain some Strategic to! Posted it 50 % found this document useful ( 6 ) 50 found. As: 1 present one and is often acca epsm unit 8 strategic options result of a profit motive to! He believed that Sportak needed this expansion so as to take advantage of data... Will obviously determine this around the financial performance of a profit motive it has expanded its range include. They understand and can apply ethical and Professional module answers Unit 7 and 8 EPSM.. eh could committed! The figures that have been prepared by Jeromes accountant for discussion of everything related to the acca Association! Options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts is it restricted to specific! Development sub-committee on their own work will have to be the lowest producer!

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