For more information on the syllabus and structure read our EPSM syllabus guide. The module has 10 units, with 7 learning units and 3 assessment and support units. ), 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? 50% (6) 50% found this document useful (6 votes) 2K views 2 pages. Most customers were unwilling to wait for the product to be ordered and they therefore bought from competitors shops. 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. Provide examples to justify your arguments. 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. It had been suggested to him that the franchising of the Sportak brand name would be a reasonable and relatively risk-free method of expansion. As the overall sports equipment and sportswear market was still growing, the price being asked for this acquisition was rather high. 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. This involves increasing the market share in the current market with the current product. The resources the organisation has at its disposal will obviously determine this. (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. Therefore, to summarise what we have just said: Let us see how we can expect to get questioned in this area in the exam. 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. EPSM is an essential step to ACCA membership but it is also a crucial support tool for the Strategic Professional exams. In Table 1 is a summary of the figures that have been prepared by Jeromes accountant for discussion. 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. At about this time another chain of 15 sports shops became available for purchase. Forecasts of immediate future sales appear to be attractive. I'm stuck on this one too, did you work it out yet? An option to repurpose the main product of Telford Engineering can now be explored. ACCA EPSM Peer Assesment. Market share can be enhanced by such techniques as improved quality, productivity or increased marketing activity. This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. I showed it to my ACCA tutor and she agreed with my answers. The managers were also permitted to develop local marketing activities, using sales promotions and publicity as they felt appropriate. Premium Powerups Explore Gaming. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . 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. Create an account to follow your favorite communities and start taking part in conversations. Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. Does it build on identified strengths and exploit opportunities? I'm trying to do this now and I'm stuck here. 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. Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. 3. You will be asked to prepare and upload your presentation to the Peer Assessment Point in Unit 8, section 8. This is the final stage, implying consolidation or reinforcement of the new behaviour. All you need to remember is the key steps of strategic analysis, choice and implementation. Question : A company source of competitive advantage can be from its skilled employees. Press J to jump to the feed. 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. Create an account to follow your favorite communities and start taking part in conversations. By concentrating on a limited range of products or a small geographical area, the costs can be kept low. Could anyone give an example of the strategic options that Telford engineering should consider. Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. 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. acca @iabcentre. Please note that there is now a separate . The system will then randomly allocate you five presentations that have been completed by other students. We will show this in a previous exam question later. STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. 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. Unit 8 Strategic Options Presentation PDF. 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. Sell out/withdraw from the market A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). He wanted a more hands-on approach. 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. The firm will not market its products industry-wide but will concentrate on a particular type of buyer or geographical area. Backward. This means there may have been new units added to the module since you completed it and received your completion certificate. Part 2 adopts a similar simplification approach to the issues of strategic choice and strategic implementation. kwik trip leadership team condos for rent in, ! 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. Madhura Ranadive. If you have not been successful you will be provided with feedback and invited to resubmit your presentation. Prove you're an accountant for all our futures. For the change to take place the existing equilibrium must be broken down before a new one can be adopted. However, by late 20X1 there was evidence that Sportaks overall position within the market was weakening. 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 option is to construct steel reinforcement frames for factory construction in countries vulnerable to earthquakes. (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 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. There's always something to worry about - do you know what it is? ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Participation with employees affected by the change, so that they feel more of a sense of ownership. Find out more about what this means and how peer assessment will support your learning. To find out the cost of the module please visit our pricing page. By nature, he was an entrepreneur who sought growth. xf The proposal is to start producing booms or jibs for large crane manufacturers. (Ansoffs product market matrix, do nothing, withdraw. Thank you. His fathers policy had been to open a store each year, funding this growth out of current earnings. 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. Explain how Thomas Cook management can "use of aggressive accounting methods to flatter its financial performance"? This involves movement into industries that bear little relationship to the present one and is often the result of a profit motive. Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. Finance professionals need to demonstrate that they understand and can apply ethical and professional behaviour in real-world work situations. Press question mark to learn the rest of the keyboard shortcuts. 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? OUR LIQUIDITY POSITION DOES NOT DETORIATE. I've spent 4 days trying to answer this question. You will receive a Certificate of achievement. Hi there, I'm stuck at unit 8 forecast net profit post exit. The issue of feasibility evaluates whether the chosen strategy can be implemented successfully. Amy Poehler. . 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. These methods of operation were satisfactory while the company was operating in a steady growth environment. 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. 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. Thanks in advance. How are we going to achieve the chosen direction? He believed that this gave the local managers a higher degree of motivation. Please visit our global website instead, Can't find your location listed? Any luck? 1. The global body for professional accountants, Can't find your location/region listed? It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. Professional Ethics model-stage 8;Strategic Options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and . THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE. Management of change This is the most risky of the product market strategies as it involves the introduction of a totally new product in a new market. 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. 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%. I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. Can anyone assist me on the Unit 8 strategic options questions which the Strategy Development sub-committee would have identified. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. 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. Please can guide me on the calculation? Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. Growth, using other peoples money, has its advantages, but it did not appeal to Jerome. The translated cost of these imported materials from CETA in the current P/L account is $M1,100,000. Epsm Unit 8 Module . 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. This will increase the current sales value by 10% and the materials costs will remain at 30% of sales for this additional output. 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. whats app +923170004562 for any helpEPSM ans. 3. The company was founded by Jeromes father a quarter of a century earlier when he opened his first small shop. The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . As you work through the module, youll be asked to complete different tasks which you would expect to see in a real-world work scenario. Positive reinforcement (praise, reward, etc) or negative reinforcement (sanctions applied to those who deviate from the new behaviour) may be used. Seek to obtain favourable access to sources of raw materials. 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. 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. Hopefully you are now able to overview the strategic planning part of the syllabus in a more systematic and logical way. You peer review and rate the presentations of five peers, 3. Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. 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. 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 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. (a) Jerome Gulsands father was a great believer in the decentralisation of both operations and decision making. In order to achieve cost leadership, some of the following need to be in place: This is an alternative to the present product and builds on present knowledge and skills. Stuck at unit 8 strategic options questions:( can anyone please help? Internal development Cutting is a key strategy to turnaround of december, 2019 top posts 2019. help Reddit coins premium. Is the company wishing to differentiate itself and the customer is prepared to pay a premium price for the added value which the customer perceives in the product, and thereby enjoys greater margin than the undifferentiated product? 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. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE OUR LIQUIDITY POSITION DOES NOT DETORIATE. Does it fit in with the organisations mission? You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year. Uploaded by Piotrek Potrzuski. You will need to rate each submission against three assessment criteria by selecting one of five grade descriptors. (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. AADB2C: An exception has occurred. 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. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). Part (d) again would have been easily answered if you approach your studies in a logical way as suggested earlier. 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. 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 A useful model of change to remember is Kurt Lewins three-step model, which involved: Unfreeze 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 development into the business that inputs into the present business for example, move up the supply chain into raw material inputs. Improve your future. He believed that Sportak needed this expansion so as to take advantage of the profitable sales still available in this sector. I don't even understand what the question is? 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. As a result of the changing business landscape globally, employers are looking for finance professionals to add value immediately. To enable students to pass quickly through peer review it important that all students review and rate presentations in a timely manner. Look to develop product designs that facilitate automation. Focus Common sense would tell you that the business plan should include an overview of Sportaks business. Any ideas on what this can be and how much detail we go into? https://i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png A criticism of the stores when Jeromes father was in charge was that they were often short of stock. Course Hero is not sponsored or endorsed by any college or university. Differentiation 2021 EPSM changes. January 5, 2020 at 4:52 . 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. The presentation analyses the strategic options. Set out to be the lowest cost producer in an industry. You will also receive feedback on your presentation. He decided that a dash for growth was required if the company was to achieve the critical size to survive in the market place. If I have completed the old Professional Ethics Module do I still need to complete the Ethics and Professional Skills module? 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. Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. 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. https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. 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. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. please help. There is a one off cost for the module, with no resit fees. Ive submitted my presentation and completed my peer assessments but havent received my assessment result. Jerome saw that the market was becoming so competitive that even small and specialist markets were proving to be vulnerable. Advertisement Coins. 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. It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING MEXIT. This involves introducing a new product into the current market. 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. Organisational structure Unit 8 Strategic Options Presentation PDF. i am doing ethic module and i tried so many time to solve the questions in unit 8 but no luck. Part of the data has been obtained from trade association statistics as well as government forecasts. Movement into activities that are competitive with existing activities for example, to benefit access to market or technology. 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. Often undertaken to maintain the present equilibrium within the company as it is much less disruptive than an acquisition. Remember that in the exam it is unlikely that you are going to get a question that asks you to regurgitate the information on strategic choice in the way in which I have just explained to you. txt) or read online for free. The module will also support you to exam success at Strategic Professional. Jerome fully understands that the costs incurred in the proposed acquisition involve more than the purchase of the new shops. Acceptability . Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. Diversification can either be related or unrelated. A useful framework to apply when considering the appropriateness of an option is: Suitability However, you will be able access this new content should you wish to keep your skills up-to-date. On what basis do we decide to compete? Yes Please. He was not sure that the steady organic growth was appropriate to these conditions. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. It was at this time that Jerome took over the company from his father. ), Which direction should we choose? Introducing Peer Assessment Suitability identifies the extent to which the proposed strategy enhances the situation identified in the strategic analysis. This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). https://i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png To save time, simply think about the 6Ms. 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
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