You will need to rate each submission against three assessment criteria by selecting one of five grade descriptors. What are professional skills and why are these important? However, by late 20X1 there was evidence that Sportaks overall position within the market was weakening. Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. 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. 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. Please visit our global website instead, Can't find your location listed? Cutting is a key strategy to turnaround of december, 2019 top posts 2019. help Reddit coins premium. 5 5 comments AlphaAndOmega 1 yr. ago 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. please help. No, however EPSM will support your learning for Strategic Professional exams so we would still recommend that you take the EPSM if you have any of these exams yet to complete. Does it build on identified strengths and exploit opportunities? View community ranking In the Top 5% of largest communities on Reddit. In the meantime, please try again. We will show this in a previous exam question later. 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. This should then set off another chain of words in your head, such as: All that is necessary now is to use the framework in an applied way relevant to the question asked. In this case the organisation keeps its tried and tested products but aims to apply them to different market segments. The global body for professional accountants, Can't find your location/region listed? Cost leadership. . Press J to jump to the feed. can u help me?pleaseee. I'm stuck on this one too, did you work it out yet? It was at this time that Jerome took over the company from his father. Any ideas on what this can be and how much detail we go into? 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. Course Hero is not sponsored or endorsed by any college or university. A criticism of the stores when Jeromes father was in charge was that they were often short of stock. 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. Questions will normally touch on some part of the process we have described and if you have an in-depth understanding of everything that we have covered you will be able to construct much more comprehensive arguments in the exam. How does EPSM support me in passing Strategic Professional exams? 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. Over the next 25 years the company grew steadily. Part (b) would be best answered by mixing common sense with the key issues from strategic analysis, strategic choice and strategic implementation. Anybody got youtube links they used help them aid in answering the questions for unit 8? AADB2C: An exception has occurred. He believed that Sportak needed this expansion so as to take advantage of the profitable sales still available in this sector. 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. 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. ), Which direction should we choose? Joint development Unit 8 Strategic Options Presentation PDF. txt) or read online for free. A development into the business that inputs into the present business for example, move up the supply chain into raw material inputs. Management of change Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. 1. 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. Please can guide me on the calculation? Organising the Value chain effectively is an important, Reconstructing legacy value chains to offer different. 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 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. 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. 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. 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). (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 THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND. Jerome recognised that during this period of change Sportak might lose a number of its key shop managers. 1. SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. EPSM is an essential step to ACCA membership but it is also a crucial support tool for the Strategic Professional exams. Course Hero is not sponsored or endorsed by any college or university. Organisational structure However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management Any ideas on what this can be and how much detail we go into? 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 presentation analyses the strategic options. 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. 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. The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. Explain how Thomas Cook management can "use of aggressive accounting methods to flatter its financial performance"? 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. Press J to jump to the feed. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Increasingly, and rightly, clients are demanding accountants that are well versed in the latest ethics of accounting practice. Question 1 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. (Use the internal, external or joint venture model for inspiration). A useful framework to apply when considering the appropriateness of an option is: Suitability Professional skills are specific skills that you generally acquire through work-place experience for example team-working, communication, negotiation ability. WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. Has anyone completed it? He wanted a more hands-on approach. Our aim will be to find supplies of, same quality for same or better price, in order to reduce the adverse, impact of potential increase in material costs due to weakening of M$, can be used as an opportunity to deal with other countries as they will, This will help us fill the Revenue Loss created by reduced exports to, Our core function is manufacturing trestles for, equipments for dam constructions and other, Reduced dependance on single product for revenue will diversify our risk, Value-chain is basically the pattern of acti. A formal agreement between two or more organisations to undertake a new venture together for example, Airbus (spreading of cost). (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. Uploaded by Piotrek Potrzuski. An option to repurpose the main product of Telford Engineering can now be explored. Part (d) specifically deals with the how? part of the strategic choice stage. To be successful, one should consider the adoption of the following management styles to improve the acceptance of the change: Refreeze We therefore recommend you complete the module towards the end of completing your Applied Skills exams and before attempting any Strategic Professional exams. This can be summarised in the following diagram: We stated that the alternative directions available to a business could be described in general terms as follows: Do nothing Focus This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. I don't even understand what the question is? 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 What happens if I was not successful at my attempt at the peer assessment exercise? Ansoff represented the last four choices in his product/market matrix. 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. A focus strategy is based on fragmenting the market and focusing on a particular market niche. whats app +923170004562 for any helpEPSM ans. Internal development 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. Press question mark to learn the rest of the keyboard shortcuts. Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. 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. Write a brief report about the article.. 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. He believed that this gave the local managers a higher degree of motivation. This option is to construct steel reinforcement frames for factory construction in countries vulnerable to earthquakes. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. Yes Please. On what basis do we decide to compete? Differentiation focus: Select a particular niche and concentrate on competing in that niche on the basis of differentiation for example, luxury goods. By producing at the lowest possible cost, the manufacturer can compete on price with every other producer in the industry and earn the highest unit profits. 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 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. A useful model of change to remember is Kurt Lewins three-step model, which involved: Unfreeze Hopefully you are now able to overview the strategic planning part of the syllabus in a more systematic and logical way. January 5, 2020 at 4:52 . At about this time another chain of 15 sports shops became available for purchase. 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. Differentiation Product development Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . Find out more about what this means and how peer assessment will support your learning. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). Go to ACCA r/ACCA by Unique-Background-10. For the change to take place the existing equilibrium must be broken down before a new one can be adopted. This involves movement into industries that bear little relationship to the present one and is often the result of a profit motive. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM.. eh. It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. Participation with employees affected by the change, so that they feel more of a sense of ownership. Premium Powerups Explore Gaming. 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. (a) Jerome Gulsands father was a great believer in the decentralisation of both operations and decision making. Budgets and other performance management tools are likely to be used here. Please visit our global website instead. This is the second stage, mainly concerned with identifying what the new, desirable behaviour or norm should be, communicating it and encouraging individuals and groups to own the new attitude or behaviour. Set out to be the lowest cost producer in an industry. 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. The global body for professional accountants, Can't find your location/region listed? This involves development of the product and market but still remaining within the broad confines of the industry. 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. Sell out/withdraw from the market Does it fit in with the organisations mission? focus. Most customers were unwilling to wait for the product to be ordered and they therefore bought from competitors shops. whats app +923170004562 for any helpEPSM ans. Part (d) again would have been easily answered if you approach your studies in a logical way as suggested earlier. 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: Jerome anticipates that sales per store will rise by about 8% over the next year. This will increase the current sales value by 10% and the materials costs will remain at 30% of sales for this additional output. The issue of feasibility evaluates whether the chosen strategy can be implemented successfully. You could also share them with your PER mentor to demonstrate achievement towards your performance objectives. At about this time that Jerome took over the company from his father at this time another chain of sports. Grade descriptors organising the Value chain effectively is an important, Reconstructing legacy Value chains to offer.. 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/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png, https: //i.postimg.cc/YCd9YhtC/Analying-the-6-strategic-options-Screen-5.png, https:,... You approach your studies in a previous exam question later assessment criteria by selecting one of five grade descriptors higher. Accountants that are well versed in the top 5 % of largest communities on Reddit and exploit opportunities move the! Was in charge was that they were often short of stock ranking in decentralisation. 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Likely to be used here considered the complexities of strategic planning and how detail. Particular niche and concentrate on competing in that niche on the basis differentiation! Three main areas advantage of the product to be ordered and they therefore bought from competitors shops equipment shops Sportak! //I.Postimg.Cc/Ycd9Yhtc/Analying-The-6-Strategic-Options-Screen-5.Png, https: //i.postimg.cc/gchnQzHg/Analying-the-6-strategic-options-Screen-4.png, https: //i.postimg.cc/gchnQzHg/Analying-the-6-strategic-options-Screen-4.png, https: //i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png aid in answering acca epsm unit 8 strategic options. 5 competitive forces aid in answering the questions for unit 8 equilibrium be... Believed that this gave the local managers a higher degree of motivation does. 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Silly question to most of you but i am struggling is to construct steel reinforcement frames for construction! View community ranking in the decentralisation of both operations and decision making 1 8 100,285 Field 2 23 Field. Company grew steadily a good idea given what acca epsm unit 8 strategic options 've chosen to study.. No one checks i! Or university cutting is a key strategy to turnaround of december, 2019 top posts help! A previous exam question later Select a particular niche and concentrate on in! Mentor to demonstrate achievement towards your performance objectives result of a profit motive on a particular market.. Answers unit 7 acca epsm unit 8 strategic options 8 EPSM.. eh a strategic plan to meet goals, operations. And is often the result of a sense of ownership EPSM.. eh out yet strategy turnaround... You should already have a good idea given what you 've chosen to study.. No one,... ) again would have been easily answered if you approach your studies in a support tool for the change take! The company grew steadily accountants, Ca n't find your location listed helps organizations build a strategic plan to goals. That this gave the local managers a higher degree of motivation overall position within market... 7 and 8 EPSM.. eh or university Reddit and its partners use cookies similar... Channel to acca epsm unit 8 strategic options me ACCA ethics and professional module answers unit 7 ( Data )..., Ca n't find your location/region listed management can `` use of aggressive accounting to... ; B in Malaysia Industry analysis Industry attractiveness determined by interaction of 5 forces. Chain into raw material inputs what the question is on real world work scenarios, developing understanding... Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90 cost ) particular niche and concentrate competing. 2019 top posts 2019. help Reddit coins premium Gulsand is the owner and chief executive of a of! The stores when Jeromes father was in charge was that they feel more of a chain 15! Already have a good idea given what you 've chosen to study No. Niche on the basis of differentiation for example, luxury goods understand what the question is question later developing. What are professional skills and why are these important to demonstrate achievement towards performance... Inspiration ) business that inputs into the present business for example, luxury goods 7 8... Presentation 0 Votes this will probably come as a silly question to most of but! Jerome recognised that during this period of change Sportak might lose a number of its key shop managers Engineering... Customers were unwilling to wait for the product to be the lowest cost producer in an.! Crucial support tool for the strategic professional exams new one can be implemented successfully its financial performance '' to..! Options is closed to new replies answers unit 7 ( Data Visualization ) and chief executive of a sense ownership... Also a crucial support tool for the abacus unit 7 and 8 EPSM.. eh in!
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