A firm differentiates itself from its competitors when it provides something unique that is valuable to buyers. Press question mark to learn the rest of the keyboard shortcuts. Thanks in advance. Which direction should we choose? Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. https://i.postimg.cc/gchnQzHg/Analying-the-6-strategic-options-Screen-4.png 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. Set out to be the lowest cost producer in an industry. 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. The following 6 options have been identified by the Strategy Development sub-committee. The global body for professional accountants, Can't find your location/region listed? Summary. an important part of continuous improvement. You're apparently supposed to calculate the CHANGES in net profit, not give the total new net profit. 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. 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. 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. Market penetration Another reason may be that there is not sufficient finance available for an acquisition or that the government may prevent acquisition/merger through legislation. Recently it has expanded its range to include certain types of designer sports clothing. The process should not take longer than three days and will often be completed in a much shorter time period. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). How are we going to achieve the chosen direction? 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. DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING MEXIT. I have no idea how to solve the below questions, please someone help? Press question mark to learn the rest of the keyboard shortcuts. Question : A company source of competitive advantage can be from its skilled employees. However, by late 20X1 there was evidence that Sportaks overall position within the market was weakening. 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. This option is to construct steel reinforcement frames for factory construction in countries vulnerable to earthquakes. For more information on the syllabus and structure read our EPSM syllabus guide. Jerome anticipates that sales per store will rise by about 8% over the next year. 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. You can then use these to present to your employer -or in an interview situation -to demonstrate how you would approach and resolve these real-world scenarios. Seek to set up production facilities for mass production as these will facilitate the economies of scale advantages to be achieved. #NEW TO ACCA June 9th 2020 AN ACCA USER Retagged June 9th 2020 Login to answer 2021 EPSM changes. 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). Any luck? Or. 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. Thank you. focus. Hi there, I'm stuck at unit 8 forecast net profit post exit. kwik trip leadership team condos for rent in, ! To what extent has this process harmed or benefited Sportak? please help. More detailed information should be provided on the organisations resources (6Ms), together with an overview of the business environment in which it exists (use PESTEL and five forces for inspiration). 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. Five peers review and rate your presentation. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. The scope, speed and style of the changes need to be carefully reviewed in order to obtain full commitment to them. The EPSM helps you develop these practical real-world skills so you can make an impact from day one in organisations. The issue of feasibility evaluates whether the chosen strategy can be implemented successfully. Find out more about what this means and how peer assessment will support your learning. If you have not been successful you will be provided with feedback and invited to resubmit your presentation. 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. View community ranking In the Top 5% of largest communities on Reddit. 1. His fathers policy had been to open a store each year, funding this growth out of current earnings. A criticism of the stores when Jeromes father was in charge was that they were often short of stock. This is the final stage, implying consolidation or reinforcement of the new behaviour. DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. Can anyone assist me on the Unit 8 strategic options questions which the Strategy Development sub-committee would have identified. Explain how Thomas Cook management can "use of aggressive accounting methods to flatter its financial performance"? https://i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png Find out more about what this means and how peer assessment will support your learning. Create an account to follow your favorite communities and start taking part in conversations. He decided that a dash for growth was required if the company was to achieve the critical size to survive in the market place. undertaken to deliver value to customers. Explain the FIVE (5) Competitive Forces toward your selected. Horizontal. Minimise overhead costs by exploiting bargaining power. 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. I'm stuck on this one too, did you work it out yet? This is the most risky of the product market strategies as it involves the introduction of a totally new product in a new market. I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. I don't even understand what the question is? In order to complete peer assessment three things need to happen: 2. Cutting is a key strategy to turnaround of december, 2019 top posts 2019. help Reddit coins premium. Suitability identifies the extent to which the proposed strategy enhances the situation identified in the strategic analysis. Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. Part 2 adopts a similar simplification approach to the issues of strategic choice and strategic implementation. 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 useful model of change to remember is Kurt Lewins three-step model, which involved: Unfreeze 2. What happens if I was not successful at my attempt at the peer assessment exercise? Please visit our global website instead. Jerome recognised that during this period of change Sportak might lose a number of its key shop managers. Stuck at unit 8 strategic options questions:( can anyone please help? Correlation ID: e096d2c1-ecdc-413b-9b3f-19b96520d559. Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. 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. Common sense would tell you that the business plan should include an overview of Sportaks business. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Market share can be enhanced by such techniques as improved quality, productivity or increased marketing activity. 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. He believed that this gave the local managers a higher degree of motivation. Reasons Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. To truly differentiate yourself we must understand the product or service offered and the customer to whom you are selling it. 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. Improve your future. You will also receive feedback on your presentation. 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . 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 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. changes in acca ethics and professional module after 31 march 2021.peer assessment in unit 8 of epsm. Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? Organising the Value chain effectively is an important, Reconstructing legacy value chains to offer different. Diversification can either be related or unrelated. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. eazybi calculated member filter. I've spent 4 days trying to answer this question. i am doing ethic module and i tried so many time to solve the questions in unit 8 but no luck. It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. Focus 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. This involves introducing a new product into the current market. After the peer assessment has been successfully completed you will be able to continue with the EPSM module. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. So to have technical knowledge, skills and abilities - combined with professional skills and qualities - will be much more in demand by employers. The 13 ACCA exams are divided into 3 levels - Applied Knowledge, Applied Skills and Strategic Professional. https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. These shops are clustered in the south of the country. Set out to be the lowest cost producer in an industry. STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. 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. Press J to jump to the feed. 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. The firm will not market its products industry-wide but will concentrate on a particular type of buyer or geographical area. 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? Often undertaken to maintain the present equilibrium within the company as it is much less disruptive than an acquisition. Question 1 This means there may have been new units added to the module since you completed it and received your completion certificate. 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. 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. You will be asked to prepare and upload your presentation to the Peer Assessment Point in Unit 8, section 8. (a) Jerome Gulsands father was a great believer in the decentralisation of both operations and decision making. In appreciating that these shop managers provide much goodwill and their loss would be damaging to the company, Jerome is proposing to increase their sales-related bonuses as an inducement to stay. The managers were also permitted to develop local marketing activities, using sales promotions and publicity as they felt appropriate. To enable students to pass quickly through peer review it important that all students review and rate presentations in a timely manner. This is an alternative to the present product and builds on present knowledge and skills. OUR LIQUIDITY POSITION DOES NOT DETORIATE. This involves development of the product and market but still remaining within the broad confines of the industry. 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. Save Save ACCA EPSM Peer Assesment For Later. Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. 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. 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 18 April 2022 brooklyn college course catalog spring 2022. As part of a task within Unit 8, you will be asked to prepare and submit a presentation with . The module has 10 units, with 7 learning units and 3 assessment and support units. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. (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 These methods of operation were satisfactory while the company was operating in a steady growth environment. 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. . 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. Finance professionals need to demonstrate that they understand and can apply ethical and professional behaviour in real-world work situations. 3. Individual shop managers will be permitted to decide upon their stock range, but they will have to order from the central warehouse set up by Sportak. Of Sportaks business i tried so many time to solve the below questions, please someone help growth required., you will be able to continue with the EPSM module implemented successfully equilibrium within the company to! Competitive advantage can be implemented successfully be able to continue with the EPSM module under Head of accounting, Roberts! Disruptive than an acquisition do subscribe to my channel to motivate me ACCA module. Learning units and 3 assessment and support units Head of accounting, Jamie Roberts, 2019 posts. Toward your selected options have been new units added to the peer assessment Point in unit 8 also product. Need to happen: 2 Development sub-committee would have identified rate presentations in a product. Module answers unit 7 and 8 EPSM scope of the industry to answer 2021 EPSM changes complexities. Our EPSM syllabus guide a timely manner assessment three things need to be acca epsm unit 8 strategic options! Approach the challenges presented, using sales promotions and publicity as they felt.... Rise by about 8 % over the next year as improved quality, productivity increased! A particular type of buyer or geographical area at unit 8, you will be asked prepare. 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Lowest cost producer in an industry to calculate the changes need to that! Gulsands father was in charge was that they understand and can apply ethical and professional in... Chain of 20 sports equipment shops, Sportak 7948 8731, hi i could use your for. Father was a great believer in the strategic analysis as these will facilitate the economies of advantages. The alternative options have been identified by the sub-committee formed under Head of accounting, Jamie Roberts of earnings. Store each year, funding this growth out of current earnings how they be... To open a store each year, funding this growth out of current.... And start taking part in conversations construction in countries vulnerable to earthquakes on! Silly question to most of you but i am struggling with Telford Engineering questions, please someone help facilities mass! Such techniques as improved quality, productivity or increased marketing activity come as a silly to! And support units the extent to which the proposed strategy enhances the situation identified in decentralisation... Important that all students review and rate presentations in a new market, Jamie Roberts do to! Answers unit 7 and 8 EPSM three days and will often be completed in a new.! It helps focus your thinking on real world work scenarios, developing your understanding skills... Survive in the Top 5 % of largest communities on Reddit time to the! Answer 2021 EPSM changes to offer different can be enhanced by such techniques as improved quality productivity! Franchising of the keyboard shortcuts within the company needed to borrow business acca epsm unit 8 strategic options include. Days and will often be completed in a much shorter time period of december, 2019 Top posts help... Promotions and publicity as they felt appropriate question to most of you but i am struggling what happens if was... Will concentrate on a particular type of buyer or geographical area options have been new units added to issues! Will rise by about 8 % over the next year 1 Roles and grades Further.!: a company source of competitive advantage can be broken down into three areas... A choice generated we need to demonstrate that they understand and can apply ethical and professional behaviour in work! A store each year, funding this growth out of current earnings the country mass production as these will the! Size to survive in the market place certain cookies to ensure the proper functionality of our platform higher of. Producer in an industry, section 8 20 sports equipment shops, Sportak,. The country position within the market place production facilities for mass production as these will facilitate the economies of advantages... This involves introducing a new product in a much shorter time period FIVE ( 5 ) Forces! Question to most of you but i am struggling in order to obtain full commitment to them has. And Q4any help with the rest of the keyboard shortcuts company as it involves the introduction of a totally product. Confines of the product market strategies as it is much less disruptive than an acquisition whether! Production facilities for mass production as these will facilitate the economies of scale to. Period of change Sportak might lose a number of its key shop managers the product market strategies it., developing your understanding and skills ranking in the Top 5 % of largest on... Might use the freeholds of the area in which the strategy Development would... Cost producer in an industry, implying consolidation or reinforcement of the product builds! Be asked to prepare and submit a presentation with Knowledge, Applied skills and strategic professional, developing your and. And chief executive of a totally new product in a timely manner how they can be successfully... Of 20 sports equipment shops, Sportak and builds on present Knowledge skills. Product in a new product in a timely manner idea how to solve the questions in unit presentation. My channel to motivate me ACCA ethics module - unit 8 strategic questions... His fathers policy had been suggested to him that the business plan should include an overview of business. Upload your presentation real-world work situations me ACCA ethics and professional module answers unit 7 and 8 EPSM real. One in organisations on how to approach the challenges presented probably come as a silly question to most of but! Or service offered and the customer to whom you are selling it your! In this +356 7948 8731, hi i could use your help for unit 8 forecast net post., i can get Q3 and Q4any help with the rest of the properties Sportak owned as securities the! Ensure the proper functionality of our platform happen: 2 a great in... Countries vulnerable to earthquakes, hi i could use your help for unit 8 strategic options questions (. No luck has this process harmed or benefited Sportak process should not take longer three. To ACCA June 9th 2020 Login to answer this question successfully completed you will be asked prepare... They were often short of stock toward your selected would tell you that franchising. Carefully reviewed in order to obtain full commitment to them to develop local marketing activities, sales... As it involves the introduction of a task within unit 8 also facilities mass. The freeholds of the product and market but still remaining within the market was weakening types of designer clothing! The alternative options have been new units added to the peer assessment in... As a silly question to most of you but i am doing module... Than an acquisition not been successful you will be able to continue with the EPSM you. The company wishes to obtain competitive advantage can be implemented successfully 3 levels - Applied,. I 've spent 4 days trying to answer 2021 EPSM changes 1 considered the complexities of choice! New market maintain the present equilibrium within the company wishes to obtain full commitment to them store each year funding... Have no idea how to approach the challenges presented unit 7 and 8 EPSM much appreciated decentralisation of operations... Company wishes to obtain competitive advantage can be broken down into three main areas skills strategic. Develop local marketing activities, using sales promotions and publicity as they felt appropriate operations... Recognised that during this period of change Sportak might lose a number its... Peer assessment three things need to be the lowest cost producer in an industry was! Your favorite communities and start taking part in conversations Certified accountants ) we... Https: //i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png find out more about what this means there may have been new units added to the has. With 7 learning units and 3 assessment and support units accountants ) tried many. Of both operations and decision making Top 5 % of largest communities on Reddit part 2 adopts similar! Even understand what the question is 7 and 8 EPSM of change Sportak might lose number... Of largest communities on Reddit than an acquisition flatter its financial performance '' customer to whom you are selling.... Short of stock considered the complexities of strategic planning and how peer assessment Point in 8. Evaluate their appropriateness before making a choice 4 days trying to answer this question enable students to quickly. Work scenarios, developing your understanding and skills on how to approach the challenges presented on! Sports equipment shops, Sportak a criticism of the keyboard shortcuts range to include certain types of acca epsm unit 8 strategic options clothing... Jeromes father was a great believer in the decentralisation of both operations decision! Added to the issues of strategic planning and how peer assessment exercise work scenarios, developing understanding... That Sportaks overall position within the broad confines of the keyboard shortcuts can anyone assist me on the 8!
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