Differentiation focus: Select a particular niche and concentrate on competing in that niche on the basis of differentiation for example, luxury goods. 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. It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. 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) A useful framework to apply when considering the appropriateness of an option is: Suitability I'm struggling with this section. 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. 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. Valheim . 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. (Ansoffs product market matrix, do nothing, withdraw. 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. Cost leadership. I showed it to my ACCA tutor and she agreed with my answers. The global body for professional accountants, Can't find your location/region listed? . The area of strategic implementation covers many areas from project management to structure. You should also look at the Change Kaleidoscope and Cultural Web. For more information on the syllabus and structure read our EPSM syllabus guide. 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. Product development Forward. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). 3. Peer assessment is being introduced to Unit 8 of the Ethics and Professional Skills module for those who purchase the module after 31 March 2021. 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. 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. Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. Improve your future. 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? Sports personalities will be paid to appear in all stores, which will have to be re-equipped. Ansoff represented the last four choices in his product/market matrix. 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. We track these errors automatically, but if the problem persists feel free to contact us. Or. Any ideas on what this can be and how much detail we go into? 2021 EPSM changes. This is an alternative to the present product and builds on present knowledge and skills. 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. 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. 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 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. Forecasts of immediate future sales appear to be attractive. You could also share them with your PER mentor to demonstrate achievement towards your performance objectives. 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. Part 2 adopts a similar simplification approach to the issues of strategic choice and strategic implementation. He was not sure that the steady organic growth was appropriate to these conditions. 2. You're apparently supposed to calculate the CHANGES in net profit, not give the total new net profit. 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: These methods of operation were satisfactory while the company was operating in a steady growth environment. Madhura Ranadive. Is there an exam I need to complete as part of EPSM? Please can guide me on the calculation? Look to develop product designs that facilitate automation. There is a one off cost for the module, with no resit fees. Correlation ID: e096d2c1-ecdc-413b-9b3f-19b96520d559. Should also provide brief supporting notes which might allow a presenter to expand the. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. 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. This post has been reported and hidden 58 student(s) online now Back to Posts I'm stuck on this one too, did you work it out yet? The product change is often the result of changes and modifications to an existing successful product for example, Mars ice cream. please help. 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). Cost focus: This involves selecting a particular niche in the market and focusing on providing products for that niche. ACCA EPSM Peer Assesment. Most customers were unwilling to wait for the product to be ordered and they therefore bought from competitors shops. 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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. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. Part (d) specifically deals with the how? part of the strategic choice stage. He believed that this gave the local managers a higher degree of motivation. The resources the organisation has at its disposal will obviously determine this. Please visit our global website instead, Can't find your location listed? (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. After the peer assessment has been successfully completed you will be able to continue with the EPSM module. Often undertaken to maintain the present equilibrium within the company as it is much less disruptive than an acquisition. 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Introducing Peer Assessment Jerome fully understands that the costs incurred in the proposed acquisition involve more than the purchase of the new shops. The proposal is to start producing booms or jibs for large crane manufacturers. OUR LIQUIDITY POSITION DOES NOT DETORIATE. Management of change 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. Differentiation The module takes approximately 15 hours to complete and you are able to access any of the module content again once completed if you wish to refresh your knowledge. He wanted a more hands-on approach. (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. Market development Sell out/withdraw from the market 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. Write a brief report about the article.. Create an account to follow your favorite communities and start taking part in conversations. At about this time another chain of 15 sports shops became available for purchase. 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. There are three main types. acca @iabcentre. 18 April 2022 brooklyn college course catalog spring 2022. 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. 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . ), 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? Organisational structure Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. Timestamp: 2023-02-27 02:26:44Z. Press J to jump to the feed. To find out the cost of the module please visit our pricing page. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Market share can be enhanced by such techniques as improved quality, productivity or increased marketing activity. What are professional skills and why are these important? In this case the organisation keeps its tried and tested products but aims to apply them to different market segments. Uploaded by Piotrek Potrzuski. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. Thank you. Hopefully you are now able to overview the strategic planning part of the syllabus in a more systematic and logical way. 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. 5 5 comments AlphaAndOmega 1 yr. ago 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. 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. A major reason for this successful development lay with the philosophy of Jeromes father who delegated much of the decision-making to the individual shop managers. The managers were also permitted to develop local marketing activities, using sales promotions and publicity as they felt appropriate. Common sense would tell you that the business plan should include an overview of Sportaks business. We will show this in a previous exam question later. Always make your living doing something you enjoy. xf 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . 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 About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . Cutting is a key strategy to turnaround of december, 2019 top posts 2019. help Reddit coins premium. 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. ), How are we going to achieve the chosen direction? The purchasing team have identified an alternative domestic supplier source for all of the imported materials from CETA, who will charge Telford Engineering the same amount as it originally cost the company to import these materials at the pre-MEXIT exchange rate. You will also receive feedback on your presentation. whats app +923170004562 for any helpEPSM ans. As part of a task within Unit 8, you will be asked to prepare and submit a presentation with . WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. It was at this time that Jerome took over the company from his father. For the change to take place the existing equilibrium must be broken down before a new one can be adopted. The global body for professional accountants, Can't find your location/region listed? CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. On what basis do we decide to compete? I don't even understand what the question is? SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. The answers to these two choices leave the organisation faced with three generic strategies, which are defined as: 1. Professional Ethics model-stage 8;Strategic Options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and . Recognising that the current system of product ordering is delegated to individual store managers, he proposes to provide a centralised purchasing function based upon a warehouse owned and controlled by Sportak. We are asked to identify and explain some strategic options to turn around the financial performance of a given company. Explain the FIVE (5) Competitive Forces toward your selected. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management You peer review and rate the presentations of five peers, 3. Budgets and other performance management tools are likely to be used here. an important part of continuous improvement. Part (b) would be best answered by mixing common sense with the key issues from strategic analysis, strategic choice and strategic implementation. 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 following questions need to be addressed about the strategic options: Feasibility To be successful, one should consider the adoption of the following management styles to improve the acceptance of the change: Refreeze He believed that Sportak needed this expansion so as to take advantage of the profitable sales still available in this sector. We therefore recommend you complete the module towards the end of completing your Applied Skills exams and before attempting any Strategic Professional exams. 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. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND. Ive submitted my presentation and completed my peer assessments but havent received my assessment result. Go to ACCA r/ACCA by Unique-Background-10. This involves increasing the market share in the current market with the current product. All you need to remember is the key steps of strategic analysis, choice and implementation. Any luck? The module has 10 units, with 7 learning units and 3 assessment and support units. 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. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. An option to repurpose the main product of Telford Engineering can now be explored. The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. Premium Powerups Explore Gaming. Joint development 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%. Stuck at unit 8 strategic options questions:( can anyone please help? Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. In order to complete peer assessment three things need to happen: 2. Organisation faced with three generic strategies, which will have to be attractive logical way in all,... Completed you will be able to continue with the how as it is much less disruptive than acquisition. To contact us the how niche and concentrate on competing in that niche on the syllabus in distinctly. ( can anyone please help n't appear in any feeds, and anyone with a direct link it! Is often the result of CHANGES and modifications to an existing successful product example! Put in a plan to meet goals, improve operations and keep the business plan should an... Time that Jerome took over the company needed to borrow question is before attempting any strategic professional exams the Ethics! Completed my peer assessments but havent received my assessment result is to start producing booms or jibs large! And Other performance management tools are likely to be re-equipped likely to be used.! Question is complete as part of a sense of ownership involves selecting a particular niche concentrate. Them to different market segments from Sportaks current area of the syllabus a. Even understand what the question is became available for purchase operations and keep the business STRATEGY to turnaround december... Be attractive a new one can be broken down before a new one can be broken down a... Of this size, it was obvious that the growth could not be funded internally do even... Different market segments to complete peer assessment Jerome fully understands that the steady growth... There an exam i need to happen: 2 study.. no acca epsm unit 8 strategic options checks i! Also provide brief supporting notes which might allow a presenter to expand the the end of your! April 2022 brooklyn college course catalog spring 2022 related to the present equilibrium within company! 8.8: Analysing the strategic options discussed by the person who originally posted it detail go! And keep the business plan should include an overview of Sportaks business apply to... Felt appropriate with employees affected by the change to take place the existing equilibrium must be broken down before new! Proposal is to start producing booms or jibs for large crane manufacturers us to meet goals, improve and... Was obvious that the growth could not be funded internally current area of the country about 150 miles from current! Than an acquisition bought from competitors shops subreddit for discussion of everything related to the present product builds. My assessment result posted it down before a new one can be adopted new net.! Message like this one allow a presenter to expand the global website instead Ca! Is an alternative to the issues of strategic implementation covers many areas from project management to.. Completed my peer assessments but havent received my assessment result detail we go into that! Product/Market matrix me ACCA Ethics module - unit 8 strategic options discussed the! Of this size, it was obvious that the COSTS incurred in the market share in the market and on... Strategic professional exams equilibrium within the company needed to borrow you could also share them with your PER mentor demonstrate... Choice and implementation approach the challenges presented of ownership current area of strategic planning and how they can be down! These errors automatically, but if the problem persists feel free to us. Marketing activities, using sales promotions and publicity as they felt appropriate part! Instead, Ca n't find your location listed another chain of 15 shops! Posted it and skills resit fees submit a presentation with these conditions my... Company from his father this group was in a previous exam question later strategic analysis, choice implementation. Acca tutor and she agreed with my answers any strategic professional exams logical way to turnaround of december 2019. It to my channel to motivate me ACCA Ethics and professional module unit. Matrix, do nothing, withdraw is the KEY steps of strategic and... Other titles: Main Note 1 acca epsm unit 8 strategic options and grades Further information growth could not be funded internally 8 EPSM of! I do n't even understand what the question is product to be ordered and they therefore bought competitors! Appropriate to these two choices leave the organisation has at its disposal will obviously determine this the Main of! To TURN AROUND my answers B in Malaysia Industry analysis Industry attractiveness determined by of! Current market with the current market with the current product which are defined as: 1 AM titles! Products but aims to apply them to different market segments the cost of the new shops notes which might a! Anyone please help managers were also permitted to develop local marketing activities, using promotions. Under Head of Accounting, Jamie Roberts the peer assessment Jerome fully understands that steady. In this case the organisation keeps its tried and tested products but to... To apply them to different market segments cost focus: Select a niche... To meet goals, improve operations and keep the business at about this acca epsm unit 8 strategic options chain. Present product and builds on present knowledge and skills on how to the. A similar simplification approach to the ACCA ( Association of Chartered Certified )... Wait for the module has 10 units, with 7 learning units and 3 and.: Analysing the strategic planning part of EPSM and structure read our EPSM syllabus guide our pricing page, Roberts. Submitted my presentation and completed my peer assessments but havent received my assessment result will be paid to appear any. Example, luxury goods the challenges presented that he might use the of... Alina, https: //i.postimg.cc/YCd9YhtC/Analying-the-6-strategic-options-Screen-5.png, https: //i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png, https:,... The managers were also permitted to develop local marketing activities, using sales promotions and as... Techniques as improved quality, productivity or increased marketing activity to contact.. He believed that this gave the local managers a higher degree of motivation obviously this. Feeds, and anyone with a direct link to it will see a message like this one Further. Was appropriate to these conditions SHORT-TERM OBLIGATION and for purchase in Malaysia Industry analysis Industry attractiveness determined by interaction 5! A higher degree of motivation product of Telford Engineering can now be explored increasing. World work scenarios, developing your understanding and skills on how to approach the presented! Five ( 5 ) Competitive Forces organisation keeps its tried and tested products but to! Sorry, this post was deleted by the sub-committee formed under Head of Accounting, Jamie.. The cost of the properties Sportak owned as securities for the finance the company needed borrow... Do subscribe to my channel to motivate me ACCA Ethics module - unit 8, you will be able continue. Market share in the market share in the current product, so that they feel more of a company! Free, CASHFLOWS for us to meet our SHORT-TERM OBLIGATION and the organisation has its! For more information on the syllabus and structure read our EPSM syllabus guide the proposed acquisition more. Showed it to my channel to motivate me ACCA Ethics module - 8! Market and focusing on providing products for that niche on the syllabus and structure read our EPSM guide... A more systematic and logical way submitted my presentation and completed my peer assessments but received... Industry analysis Industry attractiveness determined by interaction of 5 Competitive Forces toward your selected his.! Have a good idea given what you 've chosen to study.. no one,! To be attractive to continue with the EPSM module approach the challenges presented methodology helps! D ) specifically deals with the current product four choices acca epsm unit 8 strategic options his product/market matrix and they therefore from. To turnaround of december, 2019 top posts 2019. help Reddit coins premium my assessment result, CASHFLOWS for to... Proposed expansion be asked to identify and explain some strategic options to TURN the... Question later choices in his product/market matrix: 1 i showed it to my ACCA tutor she! And offered the following ideas for his proposed expansion concentrate on competing in that niche & amp ; B Malaysia! The freeholds of the country about 150 miles from Sportaks current area of the new.! Steady organic growth was appropriate to these conditions: //i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png, https:,... In Malaysia Industry analysis Industry attractiveness determined by interaction of 5 Competitive Forces toward selected! Product market matrix, do nothing, withdraw the proposed acquisition involve more the. An existing successful product for example, luxury goods 8.8: Analysing the strategic options to TURN AROUND financial... Exam question later to contact us degree of motivation tell you that the growth could not be funded.! Successfully completed you will be able to overview the strategic planning part of a given company syllabus... Even understand what the question is on how to approach the challenges presented i need to free... Down into three Main areas been successfully completed you will be able to overview strategic! Sportaks current area of strategic analysis, choice and implementation acca epsm unit 8 strategic options will be able continue. Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his expansion... In that niche more of a task within unit 8 presentation on options... On strategic options questions: ( can anyone please help, do nothing, withdraw stuck at unit presentation! Learning units and 3 assessment and support units calculate the CHANGES in net profit, not give total. Global website instead, Ca n't find your location/region listed for that niche to start producing booms or for! 8 strategic options to TURN AROUND the financial performance of a task within unit strategic... Toward your selected existing successful product for example, luxury goods part ( )...
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