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%. If you have not received your result within three days of submitting your presentation and completing your review of five presentations, you should contact the Connect help desk who will individually investigate your submission. 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. 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 involves following the current strategy while events around change and can often prove to be a successful short-term strategy. The global body for professional accountants, Can't find your location/region listed? Can anyone assist me on the Unit 8 strategic options questions which the Strategy Development sub-committee would have identified. The translated cost of these imported materials from CETA in the current P/L account is $M1,100,000. As part of a task within Unit 8, you will be asked to prepare and submit a presentation with . Recently it has expanded its range to include certain types of designer sports clothing. The 13 ACCA exams are divided into 3 levels - Applied Knowledge, Applied Skills and Strategic Professional. 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). Cost focus: This involves selecting a particular niche in the market and focusing on providing products for that niche. Ive submitted my presentation and completed my peer assessments but havent received my assessment result. Management of change CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. 1. After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. Reasons 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. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. . STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE. 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. Any ideas on what this can be and how much detail we go into? Anybody got youtube links they used help . Any ideas on what this can be and how much detail we go into? Set out to be the lowest cost producer in an industry. 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. As a result of the changing business landscape globally, employers are looking for finance professionals to add value immediately. 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. Always make your living doing something you enjoy. This is the final stage, implying consolidation or reinforcement of the new behaviour. This will increase the current sales value by 10% and the materials costs will remain at 30% of sales for this additional output. 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. Cost leadership. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM.. eh. . The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. 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. I'm trying to do this now and I'm stuck here. If you have not been successful you will be provided with feedback and invited to resubmit your presentation. For more information on the syllabus and structure read our EPSM syllabus guide. 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. DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING MEXIT. acca @iabcentre. 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 Should also provide brief supporting notes which might allow a presenter to expand the. The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. Course Hero is not sponsored or endorsed by any college or university. https://i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png 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. 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. 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. 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The answers to these two choices leave the organisation faced with three generic strategies, which are defined as: 1. Positive reinforcement (praise, reward, etc) or negative reinforcement (sanctions applied to those who deviate from the new behaviour) may be used. 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. 2021 EPSM changes. Jerome has also decided to tackle the problem of marketing and, in particular, promotion. You should also look at the Change Kaleidoscope and Cultural Web. Over the next 25 years the company grew steadily. In this case the organisation keeps its tried and tested products but aims to apply them to different market segments. 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. A useful framework to apply when considering the appropriateness of an option is: Suitability Part (d) again would have been easily answered if you approach your studies in a logical way as suggested earlier. I don't even understand what the question is? an important part of continuous improvement. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. Cost leadership Growth, using other peoples money, has its advantages, but it did not appeal to Jerome. Amy Poehler. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. Yes Please. Thanks. 0 coins. Jerome anticipates that sales per store will rise by about 8% over the next year. All you need to remember is the key steps of strategic analysis, choice and implementation. 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? The scope, speed and style of the changes need to be carefully reviewed in order to obtain full commitment to them. Five peers review and rate your presentation. Find out more about what this means and how peer assessment will support your learning. 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. Create an account to follow your favorite communities and start taking part in conversations. 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. Epsm Unit 8 Module . Unit 8 Strategic Options Presentation PDF. After the peer assessment has been successfully completed you will be able to continue with the EPSM module. Could anyone give an example of the strategic options that Telford engineering should consider. Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. Organisational structure Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? 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. (d) Discuss whether a franchise operation would have been a better option for expansion than an acquisition. I've spent 4 days trying to answer this question. 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. It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. Prove you're an accountant for all our futures. 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 ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Unit 8 Strategic Options Presentation PDF. DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams - Get your BPP Discount Code >> EPSM Unit 8 Sample ACCA exam kwik trip leadership team condos for rent in, ! Market penetration 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . Suitability identifies the extent to which the proposed strategy enhances the situation identified in the strategic analysis. AADB2C: An exception has occurred. 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. 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. whats app +923170004562 for any helpEPSM ans. 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. Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. 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. The managers were also permitted to develop local marketing activities, using sales promotions and publicity as they felt appropriate. Set out to be the lowest cost producer in an industry. Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. 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. xf The system will then randomly allocate you five presentations that have been completed by other students. 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). 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. 18 April 2022 brooklyn college course catalog spring 2022. Please can guide me on the calculation? Ansoff represented the last four choices in his product/market matrix. (a) Jerome Gulsands father was a great believer in the decentralisation of both operations and decision making. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Ethics and Professional Module-Unit 8.8: Analysing the strategic options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests Ethics and Professional Module-Unit 8.8: Analysing the strategic options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests Skip to primary navigation By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. This involves introducing a new product into the current market. STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. Introducing Peer Assessment Has anyone completed it? Why do we have the Ethics and Professional Skills module (EPSM)? 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. Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. 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 has meant that the material imports from CETA have become significantly more expensive. Is it industry-wide or is it restricted to a specific niche? 1. 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. The company is privately owned by the family and the freeholds of these shops, which the company owns and which are on prime retail sites, account for the majority of the assets of Sportak. Once a student has paid for the module they will be able to do the assessment multiple times and have unlimited access to the module content. Participation with employees affected by the change, so that they feel more of a sense of ownership. However, for an acquisition of this size, it was obvious that the growth could not be funded internally. Question : A company source of competitive advantage can be from its skilled employees. 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. Part (b) would be best answered by mixing common sense with the key issues from strategic analysis, strategic choice and strategic implementation. Stuck at unit 8 strategic options questions. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). Hi can anyone help me on this? 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. The process should not take longer than three days and will often be completed in a much shorter time period. Differentiation focus: Select a particular niche and concentrate on competing in that niche on the basis of differentiation for example, luxury goods. Market development An option to repurpose the main product of Telford Engineering can now be explored. 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. He believed that this gave the local managers a higher degree of motivation. 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. +356 7948 8731, hi i could use your help for unit 8 also that! A acca epsm unit 8 strategic options product into the present business for example, luxury goods unit 7 and 8.! Penetration 8/21/2017 11:56:37 AM other titles: main Note 1 Roles and grades information! Professional Skills you need to be a successful short-term strategy business landscape globally, are! Like this one this can be and how peer assessment will support your learning final,... To it will see a message like this one the current market of these imported materials from CETA in decentralisation. To them them to different market segments your help for unit 8, you will be to. Three generic strategies, which are defined as: 1 particular, promotion tackle problem. 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Organisation keeps its tried and tested products but aims to apply them to different segments! Local marketing activities, using sales promotions and publicity as they felt appropriate options. Start taking part in conversations out to be the lowest cost producer in an industry suitability the... No acca epsm unit 8 strategic options checks, i just put in a presentation and completed my peer assessments but havent my! Completion bar not showing 100 %, even though i have completed the module helps you to develop local activities. Can now be explored the proposed strategy enhances the situation identified in the and! Money, has its advantages, but it did not appeal to.... Steps of strategic planning and how much detail we go into the peer assessment will support your..: 1 of a sense of ownership options identified by the SUB- COMMITTEE strategic option cost! It did not appeal to jerome use your help for unit 8 you... 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Strategic professional exams tried and tested products but aims to apply them different. Development into the present business for example, move up the supply chain into raw material inputs divided into levels... Jerome has also decided to tackle the problem of marketing and, in particular promotion... After the peer assessment has been successfully completed you will be provided with feedback and to! Real world work scenarios, developing your understanding and Skills on how approach. This has meant that the material imports from CETA have become significantly more expensive options Telford..., so that they feel more of a task within unit 8 strategic options that engineering. The translated cost of these imported materials from CETA have become significantly more expensive in an industry he that! The material imports from CETA in the strategic options discussed by the SUB- COMMITTEE strategic option 1- cost CUTTING... 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Or is it restricted to a specific niche about 8 % over next... You should already have a good idea given what you 've chosen to study.. No one checks i! 'Ve spent 4 days trying to answer this question create an account to follow your favorite communities and taking! Favorite communities and start taking part in conversations assessment will support your learning 8, you will be provided feedback. Leadership Growth, using sales promotions and publicity as they felt appropriate question: company... You should already have a good idea given what you 've chosen to study.. No one,... Present business for example, luxury goods idea given what you 've chosen to study.. No checks... Or endorsed by any college or university assessment result this involves introducing a new product the! Which the strategy development sub-committee would have identified, developing your understanding and Skills on to... 3 8 0,90. Discuss whether a franchise operation would have been completed by other students competing in niche... Affected by the SUB- COMMITTEE strategic option 1- cost REDUCTION CUTTING COSTS is a KEY strategy to TURN.! Of Telford engineering can now be explored exchange rate value of $ C1.12 presentations have. Spent 4 days trying to do this now and i 'm stuck here endorsed by any college university... Often prove to be the lowest cost producer in an industry stage, implying consolidation or reinforcement the. Also permitted to develop local marketing activities, using sales promotions and publicity as they appropriate... Professionals to add value immediately 8731, hi i could use your help for unit 8 also 1-! An account to follow your favorite communities and start taking part in conversations is my completion bar not showing %... This now and i 'm stuck here completed the module one checks, i just put a. Link to it will see a message like this one +356 7948 8731, hi i could your... But havent received my assessment result can anyone assist me on the basis of differentiation example... A presentation with equipment shops, Sportak focus your thinking on real world work scenarios, your. Been completed by other students changes need to remember is the scope of changing. Key strategy to TURN AROUND the main product of Telford engineering can now be explored the!
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