Please visit our global website instead, Can't find your location listed? Look to develop product designs that facilitate automation. This involves movement into industries that bear little relationship to the present one and is often the result of a profit motive. It was at this time that Jerome took over the company from his father. Internal development Course Hero is not sponsored or endorsed by any college or university. AADB2C: An exception has occurred. 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. These shops are clustered in the south of the country. Valheim . This means there may have been new units added to the module since you completed it and received your completion certificate. EPSM -Strategic options on Unit 8- Integrated Case Study. The same peer review process is then repeated with another virtual peer assessment group. However, Jerome was convinced that this was too good an opportunity to miss. 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. He was not sure that the steady organic growth was appropriate to these conditions. A formal agreement between two or more organisations to undertake a new venture together for example, Airbus (spreading of cost). Management of change Any ideas on what this can be and how much detail we go into? 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. Under Jeromes plan it is proposed to allocate a substantial budget 15% of sales to spend on press advertising and on public relations, and this level of commitment will continue for the foreseeable future. At about this time another chain of 15 sports shops became available for purchase. A development into the business that inputs into the present business for example, move up the supply chain into raw material inputs. His fathers policy had been to open a store each year, funding this growth out of current earnings. 0 coins. This has meant that the material imports from CETA have become significantly more expensive. Correlation ID: e096d2c1-ecdc-413b-9b3f-19b96520d559. 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. We are asked to identify and explain some strategic options to turn around the financial performance of a given company. Does it fit in with the organisations mission? In the meantime, please try again. I've spent 4 days trying to answer this question. This involves development of the product and market but still remaining within the broad confines of the industry. ), 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? 92 units 93 229 CSO 1D2b LOS 1D2f Jones Corporation uses a first in first out, An adequate warming up process is the foundation of a successful group, is inserted via the artery in the groin Routine EVT reduces disability and is, Whenever someone wants better results after doing a certain work.docx, To implement geographic automata systems Benenson and Torrens 10 suggest, Cephalic Gastric Intestinal Esophageal Esophageal and intestinal 1280 10 Which, StansburyAngelia HRM460 Module 2 CT copy copy.docx, a the address of the operand is explicitly stated in the instruction b the, Now press A lt Q or click the X in the top righthand corner to get back to Excel, Each neuron gets connected to a bunch of other neurons Some dendrites are, HS3810 Health Systems & Structures DF3.docx, PMC115_Addendum_TA_ ITAS_2221_W2022-NSA.docx, integraldisplay D m z N K braceleftBigg m productdisplay q 1 G z q. SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . Ansoff represented the last four choices in his product/market matrix. View community ranking In the Top 5% of largest communities on Reddit. The benefit of the feedback received is that you can identify where you underperformed and can work on weaker areas before resubmitting your work. 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%. We will show this in a previous exam question later. All you need to remember is the key steps of strategic analysis, choice and implementation. 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. Part of the data has been obtained from trade association statistics as well as government forecasts. For the change to take place the existing equilibrium must be broken down before a new one can be adopted. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. Jerome has also decided to tackle the problem of marketing and, in particular, promotion. Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. Always make your living doing something you enjoy. Improve your future. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. However, by late 20X1 there was evidence that Sportaks overall position within the market was weakening. Epsm Unit 8 Module . We therefore recommend you complete the module towards the end of completing your Applied Skills exams and before attempting any Strategic Professional exams. By concentrating on a limited range of products or a small geographical area, the costs can be kept low. 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. (Use the internal, external or joint venture model for inspiration). 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. Joint development I showed it to my ACCA tutor and she agreed with my answers. Has anyone completed it? TO COUNTER THE HIGHER IMPORT COSTS, WE CAN FIND A DOMESTIC, SUPPLIER WHO IS WILLING TO SUPPLY THE SAME MATERIALS AT A CHEAPER, RATE AND WITHOUT REDUCING THE QUALITY OF MATERIAL THIS WILL, HELP US REDUCE COSTS AS WE WILL NOT BE AFFECTED BY THE. The following 6 options have been identified by the Strategy Development sub-committee. 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. Stuck at unit 8 strategic options questions. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND. 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 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. Or. Forecasts of immediate future sales appear to be attractive. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. Over the next 25 years the company grew steadily. 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. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Seek to obtain favourable access to sources of raw materials. At least I'm not the only one, I just cant seem to crack any of the others Has anyone been able to solve the answers for section 8? Question : A company source of competitive advantage can be from its skilled employees. Set out to be the lowest cost producer in an industry. To what extent has this process harmed or benefited Sportak? I'm struggling with this section. Cost leadership. He wanted a more hands-on approach. In order to complete peer assessment three things need to happen: 2. Unit 8 Strategic Options Presentation PDF. Could anyone give an example of the strategic options that Telford engineering should consider. Unit 8 Strategic Options Presentation PDF. Course Hero is not sponsored or endorsed by any college or university. 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. The higher sales margin would mean that the total cost of materials for this product will only be 25% of sales. To be successful, one should consider the adoption of the following management styles to improve the acceptance of the change: Refreeze I'm stuck on this one too, did you work it out yet? The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. 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. Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? 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. The global body for professional accountants, Can't find your location/region listed? (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. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. As the overall sports equipment and sportswear market was still growing, the price being asked for this acquisition was rather high. Write a brief report about the article.. Find out more about what this means and how peer assessment will support your learning. 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. The managers were also permitted to develop local marketing activities, using sales promotions and publicity as they felt appropriate. ACCA EPSM Peer Assesment. OUR LIQUIDITY POSITION DOES NOT DETORIATE. In this case the organisation keeps its tried and tested products but aims to apply them to different market segments. 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. The 13 ACCA exams are divided into 3 levels - Applied Knowledge, Applied Skills and Strategic Professional. In order to achieve cost leadership, some of the following need to be in place: There are three main types. OUR LIQUIDITY POSITION DOES NOT DETORIATE. https://i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. Professional Ethics model-stage 8;Strategic Options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and . Unit 8 Strategic Options Presentation PDF. Save Save ACCA EPSM Peer Assesment For Later. please help. Recently it has expanded its range to include certain types of designer sports clothing. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). He believed that Sportak needed this expansion so as to take advantage of the profitable sales still available in this sector. Anybody got youtube links they used help them aid in answering the questions for unit 8? As part of a task within Unit 8, you will be asked to prepare and submit a presentation with . Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. xf Sorry, this post was deleted by the person who originally posted it. To enable students to pass quickly through peer review it important that all students review and rate presentations in a timely manner. 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. This is the most risky of the product market strategies as it involves the introduction of a totally new product in a new market. Thank you. 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. 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. 1. Please visit our global website instead. Hopefully you are now able to overview the strategic planning part of the syllabus in a more systematic and logical way. 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. Can anyone assist me on the Unit 8 strategic options questions which the Strategy Development sub-committee would have identified. (Internal, external, joint venture. Explain the FIVE (5) Competitive Forces toward your selected. Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams - Get your BPP Discount Code >> EPSM Unit 8 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. The resources the organisation has at its disposal will obviously determine this. 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. Broad confines of the feedback received is that you can identify where you underperformed and can work on weaker before. The last four choices in his product/market matrix out more about what this can be and how they be... 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