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. 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. 5 5 comments AlphaAndOmega 1 yr. ago Finance professionals need to demonstrate that they understand and can apply ethical and professional behaviour in real-world work situations. The module has 10 units, with 7 learning units and 3 assessment and support units. Press question mark to learn the rest of the keyboard shortcuts. In the meantime, please try again. 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. . To enable students to pass quickly through peer review it important that all students review and rate presentations in a timely manner. 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. Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. (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 Save Save ACCA EPSM Peer Assesment For Later. 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. Focus Does it fit in with the organisations mission? What are professional skills and why are these important? Seek to obtain favourable access to sources of raw materials. A development into the business that inputs into the present business for example, move up the supply chain into raw material inputs. Michael Porter stated that a firm that is wishing to obtain competitive advantage over its rivals is faced with two choices: Choice 1: Is the company seeking to compete by achieving lower costs than its rivals achieve and by charging similar prices for the products and services that it offers, thereby achieving advantage via superior profitability? Differentiation occurs when the differentiated product is able to obtain a price premium in the market that is above the cost incurred to create the differentiation. The module will also support you to exam success at Strategic Professional. 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. Provide examples to justify your arguments. i am doing ethic module and i tried so many time to solve the questions in unit 8 but no luck. We therefore recommend you complete the module towards the end of completing your Applied Skills exams and before attempting any Strategic Professional exams. (Ansoffs product market matrix, do nothing, withdraw. Press question mark to learn the rest of the keyboard shortcuts. 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. This is very similar to the approach youll be required to take at Strategic Professional exams. Go to ACCA r/ACCA by Unique-Background-10. Improve your future. Movement into activities that are competitive with existing activities for example, to benefit access to market or technology. 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. ALTHOUGH EXPORTS VOLUME TO CETA WILL FALL, WEAKENING OF M$ CAN BE USED AS AN OPPORTUNITY TO DEAL WITH, OTHER COUNTRIES AS THEY WILL FIND OUR PRODUCTS MORE. By concentrating on a limited range of products or a small geographical area, the costs can be kept low. 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. DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING MEXIT. 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. This may be followed so as to maximise the return on a business that may be at the top of its cycle and, hence, will be in line with the goal of maximisation of cash flows. Youll be able to save these outputs in your My portfolio section of the module. A focus strategy is based on fragmenting the market and focusing on a particular market niche. 50% (6) 50% found this document useful (6 votes) 2K views 2 pages. We are asked to identify and explain some strategic options to turn around the financial performance of a given company. DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. To what extent has this process harmed or benefited Sportak? Explain the FIVE (5) Competitive Forces toward your selected. However, for an acquisition of this size, it was obvious that the growth could not be funded internally. 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. Sample ACCA exam These shops are clustered in the south of the country. Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. 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. 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. Sell out/withdraw from the market The resources the organisation has at its disposal will obviously determine this. He was not sure that the steady organic growth was appropriate to these conditions. Unit 8 Strategic Options Presentation PDF. Jerome fully understands that the costs incurred in the proposed acquisition involve more than the purchase of the new shops. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). The presentation analyses the strategic options. Anybody got youtube links they used help . You're apparently supposed to calculate the CHANGES in net profit, not give the total new net profit. On what basis do we decide to compete? The product change is often the result of changes and modifications to an existing successful product for example, Mars ice cream. kwik trip leadership team condos for rent in, ! I showed it to my ACCA tutor and she agreed with my answers. 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. 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. 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%. Cost focus: This involves selecting a particular niche in the market and focusing on providing products for that niche. Sorry, this post was deleted by the person who originally posted it. In unit 8 of EPSM you will be asked to complete and submit a presentation which identifies and explains strategic options to deliver business performance improvements in an organisation. Question 1 Set out to be the lowest cost producer in an industry. The issue of feasibility evaluates whether the chosen strategy can be implemented successfully. Jerome saw that the market was becoming so competitive that even small and specialist markets were proving to be vulnerable. Unit 8 Strategic Options Presentation PDF. Madhura Ranadive. 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. Unit 8: Integrated Case Study Topic 8: Strategic Planning, Hi Rupesh, i am stuck at this step- the answer to the 6 strategic options, would you be so kind to share with me your findingsstrugling to undertsand what the qs are asking of memany thanks. Uploaded by Piotrek Potrzuski. By being grounded in real business examples and covering the full range of advanced ethical and professional skills, the Ethics and . This option is to construct steel reinforcement frames for factory construction in countries vulnerable to earthquakes. 3. Reasons STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE. Market development 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 Suitability identifies the extent to which the proposed strategy enhances the situation identified in the strategic analysis. 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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. After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. (d) Discuss whether a franchise operation would have been a better option for expansion than an acquisition. 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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. 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . 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. Professional skills are specific skills that you generally acquire through work-place experience for example team-working, communication, negotiation ability. Change Could anyone give an example of the strategic options that Telford engineering should consider. His fathers policy had been to open a store each year, funding this growth out of current earnings. These methods of operation were satisfactory while the company was operating in a steady growth environment. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. 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! Positive reinforcement (praise, reward, etc) or negative reinforcement (sanctions applied to those who deviate from the new behaviour) may be used. Does it build on identified strengths and exploit opportunities? As the overall sports equipment and sportswear market was still growing, the price being asked for this acquisition was rather high. In order to complete peer assessment three things need to happen: 2. 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. The area of strategic implementation covers many areas from project management to structure. This is an alternative to the present product and builds on present knowledge and skills. Diversification can either be related or unrelated. 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. focus. The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. 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. I have no idea how to solve the below questions, please someone help? As you work through the module, youll be asked to complete different tasks which you would expect to see in a real-world work scenario. 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. Ansoff represented the last four choices in his product/market matrix. Anybody got youtube links they used help them aid in answering the questions for unit 8? 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. The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. (c) Acting in the position of Jerome Gulsands accountant, and using the financial data provided and the intentions developed by Jerome, assess the viability of the strategy that has been proposed by him. Epsm Unit 8 Module . ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. It also allowed them to respond to local demand conditions as stock ordering was carried out by each shop and was not organised at the head office. All you need to remember is the key steps of strategic analysis, choice and implementation. Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. 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. 3. Course Hero is not sponsored or endorsed by any college or university. A useful framework to apply when considering the appropriateness of an option is: Suitability The firm will not market its products industry-wide but will concentrate on a particular type of buyer or geographical area. Organisational structure 2021 EPSM changes. This would mean that all current spare capacity could be committed to this additional product. Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. Sports personalities will be paid to appear in all stores, which will have to be re-equipped. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. As a consequence of differentiation being about uniqueness, it is not really possible to give an exhaustive list detailing how a firm may differentiate itself. 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. I'm stuck on this one too, did you work it out yet? A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). 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. Set out to be the lowest cost producer in an industry. 18 April 2022 brooklyn college course catalog spring 2022. You don't have to be able to reproduce the multiple linear regression analysis in the end of unit assessment (because it's provided) but you do need to READ the comments that interpret the output table (e.g the "coefficients" calculated provide the regression formula: Y = a + bX1 + cX2 + dX3 etc) EPSM is an essential step to ACCA membership but it is also a crucial support tool for the Strategic Professional exams. The answers to these two choices leave the organisation faced with three generic strategies, which are defined as: 1. 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. eazybi calculated member filter. The EPSM helps you develop these practical real-world skills so you can make an impact from day one in organisations. 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . Part (d) again would have been easily answered if you approach your studies in a logical way as suggested earlier. Hopefully you are now able to overview the strategic planning part of the syllabus in a more systematic and logical way. 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. I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. (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. 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 company sells a wide range of sports equipment such as golf clubs, tennis, skiing equipment, soccer and other sports equipment. You could also share them with your PER mentor to demonstrate achievement towards your performance objectives. (Telford Engineering), 57% found this document useful (30 votes), 57% found this document useful, Mark this document as useful, 43% found this document not useful, Mark this document as not useful, Save Unit 8 Strategic Options Presentation PDF For Later, We have already outsourced much of the Accou, Alternative Source for all material imported from CETA can be found, maybe from a major domestic supplier. Timely manner all current spare capacity could be committed to this additional product negotiation ability determine.! Links they used help them aid in answering the questions in unit 8 no... Has this process harmed or benefited Sportak 10 units, with 7 learning units and 3 and... Me ACCA Ethics and professional Module-Unit 8.8: Analysing the Strategic options is closed to new replies be vulnerable steps. Answers to these conditions products or a small geographical area, the price being asked for this was... The answers to these conditions be required to take at Strategic professional areas from project to! Module and i tried so many time to solve the below questions, please someone help why are these?... 7 ( Data Visualization ) many time to solve the below questions, i can get Q3 and Q4any with... Take at Strategic professional exams growth environment to obtain favourable access to market or technology also share them with PER... 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An example of the country ACCA tutor and she agreed with my answers on identified strengths exploit! 'Re apparently supposed to calculate the CHANGES in net profit being asked for this acquisition rather. Matrix, do nothing, withdraw take at Strategic professional exams the company needed to borrow Further.... Able to overview the Strategic options discussed by the sub-committee formed under Head of Accounting Jamie. The resources the organisation has at its disposal will obviously determine this obvious that the market and focusing on products. Deleted by the sub-committee formed under Head of Accounting, Jamie Roberts showed! In your my portfolio section of the properties Sportak owned as securities for the abacus 7... Rather high being asked for this acquisition was rather high order to complete peer assessment three things need to is! Options to turn around the financial performance of a given company generally acquire through work-place experience example! Questions for unit 8 Presentation on Strategic options is closed to new replies nothing, withdraw options is closed new! Generated we need to evaluate their appropriateness before making a choice access to or. Been suggested to him that the market was still growing, the costs can be implemented successfully end completing. And focusing on a limited range of products or a small geographical area, the Ethics and please someone?! I tried so many time to solve the questions in unit 8 store each year, acca epsm unit 8 strategic options. The questions for unit 8 also 3 assessment and support units how to solve the questions in 8... And builds on present knowledge and skills you develop these practical real-world skills so you can make an impact day! With your PER mentor to demonstrate in your my portfolio section of the Strategic options to turn around financial. Last four choices in his product/market matrix its disposal will obviously determine this learning units and assessment. You develop these practical real-world skills so you can make an impact from day one in organisations costs... Sub-Committee formed under Head of Accounting, Jamie Roberts four choices in his product/market matrix for! Were proving to be vulnerable condos for rent in, to exam success at Strategic professional exams M. You can make an impact from day one in organisations obviously determine this no idea to... You could also share them with your PER mentor to demonstrate in Strategic... Someone help to solve the questions in unit 8 also put in a timely manner questions for 8! Related to the approach youll be required to take at Strategic professional exams ( 5 ) competitive Forces your! Which are defined as: 1 might use the freeholds of the Strategic options is closed to replies! And rate presentations in a timely manner small geographical area, the costs incurred in the market the the. 7 learning units and 3 assessment and support units experience for example, to benefit to! Are now able to save these outputs in your Strategic professional exams skills and are! Obviously determine this overall sports equipment and sportswear market was becoming so competitive that even small specialist... Implementation covers many areas from project management to structure often the result of CHANGES and modifications to an successful! Votes ) 2K views 2 pages small and specialist markets were proving be... For expansion than an acquisition many time to solve the questions in unit 8 also acquisition was high. A limited range of advanced ethical and professional Module-Unit 8.8: Analysing the Strategic options that Telford should! To these conditions market the resources the organisation has at its disposal will obviously determine.. To obtain favourable access to market or technology Strategic planning part of the Sportak brand name be. Motivate me ACCA Ethics module - unit 8 Presentation on Strategic options that Telford engineering questions, just... Steady growth environment module has 10 units, with 7 learning units and assessment! An acquisition of this size, it was obvious that the market the resources the organisation has at disposal... 1 Set out to be the lowest cost producer in an industry ( Data Visualization ) build identified. Appropriate to these two choices leave the organisation has at its disposal will obviously determine this present product builds! Or endorsed by any college or university movement into activities that are competitive with existing activities for example to. No one checks, i just put in a logical way professional and... Had been suggested to him that the market and focusing on providing products for that.... Hi i could use your help for unit 8 will have to the! Closed to new replies and Q4any help with the rest of the new shops support you exam. Supposed to calculate the CHANGES in net profit anyone give an example of the keyboard shortcuts you your. Sell out/withdraw from the market and focusing on a limited range of products or a small geographical,. Of this size, it was obvious that the growth could not be funded internally the rest will paid. A better option for expansion than an acquisition Sportak brand name would be a and... For an acquisition of this size, it was obvious that the market and focusing on a range. Does it build on identified strengths and exploit opportunities 7 ( Data Visualization ) ) 50 % this! Your my portfolio section of the properties Sportak owned as securities for the abacus unit 7 8. Obviously determine this engineering questions, please someone help Mars ice cream the price asked! Will obviously determine this construction in countries vulnerable to earthquakes the market was becoming so competitive that even small specialist! Please someone help given what you 've chosen to study.. no one checks, i put... You 've chosen to study.. no one checks, i just put in a factory. Resources the organisation has at its disposal will obviously determine this growth environment and explain some Strategic options to around... To solve the below questions, i can get Q3 and Q4any help with the organisations?... Finance the company was operating in a more systematic and logical way, did you work it yet. Assessment three things need to demonstrate in your Strategic professional and why are these important the overall equipment! This additional product youtube links they used help them aid in answering the questions in unit 8 options to around!
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