He was not sure that the steady organic growth was appropriate to these conditions. 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. Find out more about what this means and how peer assessment will support your learning. To enable students to pass quickly through peer review it important that all students review and rate presentations in a timely manner. Growth, using other peoples money, has its advantages, but it did not appeal to Jerome. 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. 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? Jerome anticipates that sales per store will rise by about 8% over the next year. To find out the cost of the module please visit our pricing page. Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. (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. Jerome recognised that during this period of change Sportak might lose a number of its key shop managers. Organisational structure Backward. 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. In order to complete peer assessment three things need to happen: 2. 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: Part of the data has been obtained from trade association statistics as well as government forecasts. 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. OUR LIQUIDITY POSITION DOES NOT DETORIATE. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . Five peers review and rate your presentation. 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. Has anyone completed it? Participation with employees affected by the change, so that they feel more of a sense of ownership. 0 coins. Cost leadership (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. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). A useful framework to apply when considering the appropriateness of an option is: Suitability As part of a task within Unit 8, you will be asked to prepare and submit a presentation with . It is totally upto you how much or less detail you wanna give. 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. can any assist? Suitability identifies the extent to which the proposed strategy enhances the situation identified in the strategic analysis. This post has been reported and hidden 58 student(s) online now Back to Posts Summary. Part (d) specifically deals with the how? part of the strategic choice stage. 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. As a result of the changing business landscape globally, employers are looking for finance professionals to add value immediately. 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. This is the final stage, implying consolidation or reinforcement of the new behaviour. You will receive a Certificate of achievement. 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? 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 helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. Unit 8 Strategic Options Presentation PDF. Therefore, to summarise what we have just said: Let us see how we can expect to get questioned in this area in the exam. Amy Poehler. Most customers were unwilling to wait for the product to be ordered and they therefore bought from competitors shops. This would cost $240,000 in additional development costs to convert and create spare capacity, but will open a completely new higher value market for Telford Engineering, increasing the current sales value by 20%. ALTHOUGH EXPORTS VOLUME TO CETA WILL FALL, WEAKENING OF M$ CAN BE USED AS AN OPPORTUNITY TO DEAL WITH, OTHER COUNTRIES AS THEY WILL FIND OUR PRODUCTS MORE. The translated cost of these imported materials from CETA in the current P/L account is $M1,100,000. Anybody got youtube links they used help . There's always something to worry about - do you know what it is? To truly differentiate yourself we must understand the product or service offered and the customer to whom you are selling it. 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. Minimise overhead costs by exploiting bargaining power. You will be asked to prepare and upload your presentation to the Peer Assessment Point in Unit 8, section 8. Create an account to follow your favorite communities and start taking part in conversations. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND. Focus The resources the organisation has at its disposal will obviously determine this. Should this be the case your completion bar may fall below 100%, but this does not impact impact your completion status and it is not compulsory for you to complete any new content added to the module. The company sells a wide range of sports equipment such as golf clubs, tennis, skiing equipment, soccer and other sports equipment. A formal agreement between two or more organisations to undertake a new venture together for example, Airbus (spreading of cost). However, Jerome was convinced that this was too good an opportunity to miss. 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. Cutting is a key strategy to turnaround of december, 2019 top posts 2019. help Reddit coins premium. Explain the FIVE (5) Competitive Forces toward your selected. . An option to repurpose the main product of Telford Engineering can now be explored. 1. STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE. Press J to jump to the feed. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). The shop managers will also be encouraged to stock more expensive lines of products where the margins will be higher and, in addition, they will be expected to hold much more stock. I'm trying to do this now and I'm stuck here. whats app +923170004562 for any helpEPSM ans. 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. You will need to rate each submission against three assessment criteria by selecting one of five grade descriptors. Jerome fully understands that the costs incurred in the proposed acquisition involve more than the purchase of the new shops. 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. Cost focus: This involves selecting a particular niche in the market and focusing on providing products for that niche. (Use the internal, external or joint venture model for inspiration). 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 For the change to take place the existing equilibrium must be broken down before a new one can be adopted. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Part (b) would be best answered by mixing common sense with the key issues from strategic analysis, strategic choice and strategic implementation. 1. Save Save ACCA EPSM Peer Assesment For Later. A development into the business that inputs into the present business for example, move up the supply chain into raw material inputs. By being grounded in real business examples and covering the full range of advanced ethical and professional skills, the Ethics and . 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. Market share can be enhanced by such techniques as improved quality, productivity or increased marketing activity. Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. We are asked to identify and explain some strategic options to turn around the financial performance of a given company. Market penetration The presentation analyses the strategic options. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. Uploaded By Ratings 83% (6) This preview shows page 1 - 2 out of pages. Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? The following questions need to be addressed about the strategic options: Feasibility ACCA Ethics Module - Unit 8 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. We will show this in a previous exam question later. 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. #NEW TO ACCA June 9th 2020 AN ACCA USER Retagged June 9th 2020 Login to answer Concentrate on productivity objectives and constantly seek to improve efficiency and economy for example, value chain analysis. The process should not take longer than three days and will often be completed in a much shorter time period. 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 Why is my completion bar not showing 100%, even though I have completed the module? 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. Increasingly, and rightly, clients are demanding accountants that are well versed in the latest ethics of accounting practice. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. Professional skills are specific skills that you generally acquire through work-place experience for example team-working, communication, negotiation ability. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. You peer review and rate the presentations of five peers, 3. Create an account to follow your favorite communities and start taking part in conversations. 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. This involves introducing a new product into the current market. Yes Please. 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 The higher sales margin would mean that the total cost of materials for this product will only be 25% of sales. Hopefully you are now able to overview the strategic planning part of the syllabus in a more systematic and logical way. Jerome has also decided to tackle the problem of marketing and, in particular, promotion. The scope, speed and style of the changes need to be carefully reviewed in order to obtain full commitment to them. 1. Market development Or. This means there may have been new units added to the module since you completed it and received your completion certificate. 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. 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. The module has 10 units, with 7 learning units and 3 assessment and support units. 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. I'm struggling with this section. 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). This would mean that all current spare capacity could be committed to this additional product. Any ideas on what this can be and how much detail we go into? Question 1 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. Unit 8 Strategic Options Presentation PDF. Press question mark to learn the rest of the keyboard shortcuts. Differentiation focus: Select a particular niche and concentrate on competing in that niche on the basis of differentiation for example, luxury goods. acca @iabcentre. 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. This is an alternative to the present product and builds on present knowledge and skills. The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. Hi there, I'm stuck at unit 8 forecast net profit post exit. Premium Powerups Explore Gaming. Set out to be the lowest cost producer in an industry. 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. You should also look at the Change Kaleidoscope and Cultural Web. 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. A firm differentiates itself from its competitors when it provides something unique that is valuable to buyers. undertaken to deliver value to customers. Stuck at unit 8 strategic options questions. What are professional skills and why are these important? 3. Peer assessment also motivates learners to improve the effort they make with an assessment because they know it will be reviewed and assessed by their peers. 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. This will ensure that the 6Ms are working for you in the best way possible. Find out more about what this means and how peer assessment will support your learning. He believed that this gave the local managers a higher degree of motivation. Differentiation occurs when the differentiated product is able to obtain a price premium in the market that is above the cost incurred to create the differentiation. 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. To what extent has this process harmed or benefited Sportak? 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. 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. 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. By nature, he was an entrepreneur who sought growth. Forward. You could also share them with your PER mentor to demonstrate achievement towards your performance objectives. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). View community ranking In the Top 5% of largest communities on Reddit. Part 2 adopts a similar simplification approach to the issues of strategic choice and strategic implementation. WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. (Ansoffs product market matrix, do nothing, withdraw. Jerome was impatient with the lack of growth. These shops are clustered in the south of the country. In order to achieve cost leadership, some of the following need to be in place: 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. Invest in the latest technology improved quality means less labour needed. The proposal is to start producing booms or jibs for large crane manufacturers. This involves development of the product and market but still remaining within the broad confines of the industry. Press question mark to learn the rest of the keyboard shortcuts. . I don't even understand what the question is? Look to hedge their transactions with acca epsm unit 8 strategic options suppliers are demanding accountants that are well versed in the two slides the! Skilled employees are reported to be capable in reducing internal costs hence, THE COLD, HARD REALITY The media's attention to Jeffrey Wigand, Sherron Watkins, Coleen Rowley, and Cynthia Cooper could lead you to believe that doing the right thing and speaking out against the. In this case the organisation keeps its tried and tested products but aims to apply them to different market segments. We therefore recommend you complete the module towards the end of completing your Applied Skills exams and before attempting any Strategic Professional exams. What happens if I was not successful at my attempt at the peer assessment exercise? Movement into activities that are competitive with existing activities for example, to benefit access to market or technology. As the overall sports equipment and sportswear market was still growing, the price being asked for this acquisition was rather high. Reddit and its partners use cookies and similar technologies to provide you with a better experience. (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 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. The product change is often the result of changes and modifications to an existing successful product for example, Mars ice cream. 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. Go to ACCA r/ACCA by Unique-Background-10. https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. Acceptability Unit 8 Strategic Options Presentation PDF. changes in acca ethics and professional module after 31 march 2021.peer assessment in unit 8 of epsm. The firm will not market its products industry-wide but will concentrate on a particular type of buyer or geographical area. ), strategic implementation (resource management, organisational structure, management of change). Internal development OUR LIQUIDITY POSITION DOES NOT DETORIATE. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. This involves increasing the market share in the current market with the current product. Does it build on identified strengths and exploit opportunities? THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE. 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). 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. Course Hero is not sponsored or endorsed by any college or university. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. Budgets and other performance management tools are likely to be used here. A development into activities concerned with a companys outputs also called downstream integration for example, move down the supply chain into distribution activities. January 5, 2020 at 4:52 . If I have completed the old Professional Ethics Module do I still need to complete the Ethics and Professional Skills module? Continuous and incremental improvements in our value, chain by seeking more & more efficiency and, effectiveness in the way activities are carried o. great importance in todays competitive world. To save time, simply think about the 6Ms. 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? 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. 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. EPSM -Strategic options on Unit 8- Integrated Case Study. STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. Thank you. He believed that Sportak needed this expansion so as to take advantage of the profitable sales still available in this sector. The EPSM helps you develop these practical real-world skills so you can make an impact from day one in organisations. Introducing Peer Assessment Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. All you need to remember is the key steps of strategic analysis, choice and implementation. Anybody got youtube links they used help them aid in answering the questions for unit 8? 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. TO COUNTER THE HIGHER IMPORT COSTS, WE CAN FIND A, DOMESTIC SUPPLIER WHO IS WILLING TO SUPPLY THE SAME, HELP US REDUCE COSTS AS WE WILL NOT BE AFFECTED, DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING. 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.