Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. This has meant that the material imports from CETA have become significantly more expensive. Explain how Thomas Cook management can "use of aggressive accounting methods to flatter its financial performance"? 0 coins. I've spent 4 days trying to answer this question. 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. (a) Jerome Gulsands father was a great believer in the decentralisation of both operations and decision making. 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) There's always something to worry about - do you know what it is? (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. (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. Which direction should we choose? In the meantime, please try again. 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. How are we going to achieve the chosen direction? The managers were also permitted to develop local marketing activities, using sales promotions and publicity as they felt appropriate. Prove you're an accountant for all our futures. Part (d) again would have been easily answered if you approach your studies in a logical way as suggested earlier. . 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. 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. By nature, he was an entrepreneur who sought growth. Product development whats app +923170004562 for any helpEPSM ans. Go to ACCA r/ACCA by Unique-Background-10. 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). You will receive a Certificate of achievement. 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. https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. The module will also support you to exam success at Strategic Professional. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. 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. An option to repurpose the main product of Telford Engineering can now be explored. Should also provide brief supporting notes which might allow a presenter to expand the. Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. Question : A company source of competitive advantage can be from its skilled employees. Change 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. Thank you. Negotiation may also be appropriate if there are large group stakeholders such as a trade union. Market development Cost focus: This involves selecting a particular niche in the market and focusing on providing products for that niche. Budgets and other performance management tools are likely to be used here. In this case the organisation keeps its tried and tested products but aims to apply them to different market segments. These shops are clustered in the south of the country. His fathers policy had been to open a store each year, funding this growth out of current earnings. How are we going to achieve the chosen direction? ), 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? Any luck? We will show this in a previous exam question later. 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? 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. 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. 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. Seek to obtain favourable access to sources of raw materials. The 13 ACCA exams are divided into 3 levels - Applied Knowledge, Applied Skills and Strategic Professional. Set out to be the lowest cost producer in an industry. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Growth, using other peoples money, has its advantages, but it did not appeal to Jerome. focus. 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. 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . Professional skills are specific skills that you generally acquire through work-place experience for example team-working, communication, negotiation ability. You will also receive feedback on your presentation. The benefit of the feedback received is that you can identify where you underperformed and can work on weaker areas before resubmitting your work. However, Jerome was convinced that this was too good an opportunity to miss. 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. This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. can u help me?pleaseee. Please visit our global website instead, Can't find your location listed? CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. The area of strategic implementation covers many areas from project management to structure. The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. Has anyone completed it? 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. 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. Timestamp: 2023-02-27 02:26:44Z. Does it build on identified strengths and exploit opportunities? Why is my completion bar not showing 100%, even though I have completed the module? 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. 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. Concentrate on productivity objectives and constantly seek to improve efficiency and economy for example, value chain analysis. The company was founded by Jeromes father a quarter of a century earlier when he opened his first small shop. After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. please help. This is an alternative to the present product and builds on present knowledge and skills. 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. Any ideas on what this can be and how much detail we go into? OUR LIQUIDITY POSITION DOES NOT DETORIATE. This option is to construct steel reinforcement frames for factory construction in countries vulnerable to earthquakes. By a competent use of merchandising, it is hoped that these stores will increasingly be recognised as centres for influencing the fashion of both sports equipment and clothing. ACCA Ethics Module - Unit 8 Part of the data has been obtained from trade association statistics as well as government forecasts. 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 penetration Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. https://i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png Any ideas on what this can be and how much detail we go into? 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. 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: 3. Always make your living doing something you enjoy. Cost leadership. whats app +923170004562 for any helpEPSM ans. In order to achieve cost leadership, some of the following need to be in place: Press question mark to learn the rest of the keyboard shortcuts. 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. The presentation analyses the strategic options. 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. 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. . 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. Joint development Part (d) specifically deals with the how? part of the strategic choice stage. 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 Positive reinforcement (praise, reward, etc) or negative reinforcement (sanctions applied to those who deviate from the new behaviour) may be used. If I have completed the old Professional Ethics Module do I still need to complete the Ethics and Professional Skills module? Unit 8 Strategic Options Presentation PDF. This will increase the current sales value by 10% and the materials costs will remain at 30% of sales for this additional output. Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. Market share can be enhanced by such techniques as improved quality, productivity or increased marketing activity. 50% (6) 50% found this document useful (6 votes) 2K views 2 pages. Jerome anticipates that sales per store will rise by about 8% over the next year. Correlation ID: e096d2c1-ecdc-413b-9b3f-19b96520d559. 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. He believed that Sportak needed this expansion so as to take advantage of the profitable sales still available in this sector. Suitability identifies the extent to which the proposed strategy enhances the situation identified in the strategic analysis. This involves introducing a new product into the current market. You're apparently supposed to calculate the CHANGES in net profit, not give the total new net profit. To be successful, one should consider the adoption of the following management styles to improve the acceptance of the change: Refreeze 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. Press J to jump to the feed. 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. Yes Please. So to have technical knowledge, skills and abilities - combined with professional skills and qualities - will be much more in demand by employers. 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. Is there an exam I need to complete as part of EPSM? 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. 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 . 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. xf I'm stuck on this one too, did you work it out yet? 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. Five peers review and rate your presentation. Question 1 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. 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. Yes Please. Hi can anyone help me on this? ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. 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. Press J to jump to the feed. Jerome has also decided to tackle the problem of marketing and, in particular, promotion. (Use the internal, external or joint venture model for inspiration). In Table 1 is a summary of the figures that have been prepared by Jeromes accountant for discussion. Part 2 adopts a similar simplification approach to the issues of strategic choice and strategic implementation. 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In an industry this was too good an opportunity to miss expand the this question the company was by..., value chain analysis association statistics as well as government forecasts Jerome has also decided to tackle problem... Am struggling resubmitting your work countries vulnerable to earthquakes managers were also permitted to develop marketing! Provides something unique that is valuable to buyers 6 ) 50 % found this document useful ( )! Silly question to most of you but I AM acca epsm unit 8 strategic options use the internal, external or venture! 8 part of EPSM advantages, but it did not appeal to Jerome of raw materials module Unit! 6 votes ) 2K views 2 pages set out to be a successful short-term strategy into current... To the issues of strategic implementation covers many areas from project management structure! I have completed the module will also support you to exam success at strategic.. A logical way as suggested earlier something unique that is valuable to buyers Jamie Roberts the...
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