Save Save ACCA EPSM Peer Assesment For Later. (a) Jerome Gulsands father was a great believer in the decentralisation of both operations and decision making. This involves movement into industries that bear little relationship to the present one and is often the result of a profit motive. Often undertaken to maintain the present equilibrium within the company as it is much less disruptive than an acquisition. Most customers were unwilling to wait for the product to be ordered and they therefore bought from competitors shops. SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . 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? 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. (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 To what extent has this process harmed or benefited Sportak? Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM.. eh. ACCA EPSM Peer Assesment. EPSM Unit 8- Strategic Options.pptx - STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY EPSM Unit 8- Strategic Options.pptx - STRATEGIC OPTIONS. Question 1 Set out to be the lowest cost producer in an industry. 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. 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? Introducing Peer Assessment Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. (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. #NEW TO ACCA June 9th 2020 AN ACCA USER Retagged June 9th 2020 Login to answer 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. 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. AADB2C: An exception has occurred. Suitability identifies the extent to which the proposed strategy enhances the situation identified in the strategic analysis. Part of the data has been obtained from trade association statistics as well as government forecasts. Uploaded by Piotrek Potrzuski. 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. Premium Powerups Explore Gaming. In this case the organisation keeps its tried and tested products but aims to apply them to different market segments. However, you will be able access this new content should you wish to keep your skills up-to-date. I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 3. Which direction should we choose? This is very similar to the approach youll be required to take at Strategic Professional exams. This option is to construct steel reinforcement frames for factory construction in countries vulnerable to earthquakes. Always make your living doing something you enjoy. The firm will not market its products industry-wide but will concentrate on a particular type of buyer or geographical area. View community ranking In the Top 5% of largest communities on Reddit. EPSM is an essential step to ACCA membership but it is also a crucial support tool for the Strategic Professional exams. Please visit our global website instead. You could also share them with your PER mentor to demonstrate achievement towards your performance objectives. Seek to set up production facilities for mass production as these will facilitate the economies of scale advantages to be achieved. 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. A development into the business that inputs into the present business for example, move up the supply chain into raw material inputs. Advertisement Coins. 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! 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. 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. Ansoff represented the last four choices in his product/market matrix. However, by late 20X1 there was evidence that Sportaks overall position within the market was weakening. By being grounded in real business examples and covering the full range of advanced ethical and professional skills, the Ethics and . ), strategic implementation (resource management, organisational structure, management of change). You peer review and rate the presentations of five peers, 3. The system will then randomly allocate you five presentations that have been completed by other students. I'm stuck on this one too, did you work it out yet? Internal development 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: Sell out/withdraw from the market On what basis do we decide to compete? Invest in the latest technology improved quality means less labour needed. The product change is often the result of changes and modifications to an existing successful product for example, Mars ice cream. 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? 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. Press question mark to learn the rest of the keyboard shortcuts. You will also receive feedback on your presentation. In order to complete peer assessment three things need to happen: 2. Minimise overhead costs by exploiting bargaining power. 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. How are we going to achieve the chosen direction? To be successful, one should consider the adoption of the following management styles to improve the acceptance of the change: Refreeze Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Alina, https://i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png, https://i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png, https://i.postimg.cc/gchnQzHg/Analying-the-6-strategic-options-Screen-4.png, https://i.postimg.cc/YCd9YhtC/Analying-the-6-strategic-options-Screen-5.png, https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. Unit 8 Strategic Options Presentation PDF. He believed that this gave the local managers a higher degree of motivation. Go to ACCA r/ACCA by Unique-Background-10. 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 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. This may be followed so as to maximise the return on a business that may be at the top of its cycle and, hence, will be in line with the goal of maximisation of cash flows. 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. Organising the Value chain effectively is an important, Reconstructing legacy value chains to offer different. 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. January 5, 2020 at 4:52 . Please visit our global website instead, Can't find your location listed? The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. Does it fit in with the organisations mission? The global body for professional accountants, Can't find your location/region listed? Increasingly, and rightly, clients are demanding accountants that are well versed in the latest ethics of accounting practice. These methods of operation were satisfactory while the company was operating in a steady growth environment. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. 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. Unit 8 Strategic Options Presentation PDF. It was at this time that Jerome took over the company from his father. As a result of the changing business landscape globally, employers are looking for finance professionals to add value immediately. How does EPSM support me in passing Strategic Professional exams? Thank you. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE. DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING MEXIT. Press question mark to learn the rest of the keyboard shortcuts. Why do we have the Ethics and Professional Skills module (EPSM)? Sorry, this post was deleted by the person who originally posted it. 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. kwik trip leadership team condos for rent in, ! Horizontal. Cost leadership. 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. You will receive a Certificate of achievement. By nature, he was an entrepreneur who sought growth. A useful model of change to remember is Kurt Lewins three-step model, which involved: Unfreeze This means there may have been new units added to the module since you completed it and received your completion certificate. This has meant that the material imports from CETA have become significantly more expensive. Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. Correlation ID: e096d2c1-ecdc-413b-9b3f-19b96520d559. 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). 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. 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. Jerome anticipates that sales per store will rise by about 8% over the next year. xf 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. 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. Amy Poehler. STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE. ACCA Ethics Module - Unit 8 Therefore, to summarise what we have just said: Let us see how we can expect to get questioned in this area in the exam. Acceptability 1. Reasons Peer assessment improves the knowledge and skills of learners since they benefit from seeing others work and also get feedback on their own work. We are asked to identify and explain some strategic options to turn around the financial performance of a given company. 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. Sample ACCA exam DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. 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. Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. Explain the FIVE (5) Competitive Forces toward your selected. A useful framework to apply when considering the appropriateness of an option is: Suitability He wanted a more hands-on approach. WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. 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. 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. Professional Ethics model-stage 8;Strategic Options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and . 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. 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . can any assist? The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. 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. Hi can anyone help me on this? 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. Create an account to follow your favorite communities and start taking part in conversations. Another reason may be that there is not sufficient finance available for an acquisition or that the government may prevent acquisition/merger through legislation. It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. Set out to be the lowest cost producer in an industry. Any ideas on what this can be and how much detail we go into? The module has 10 units, with 7 learning units and 3 assessment and support units. 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To wait for the product change is often the result of the keyboard acca epsm unit 8 strategic options can be and how detail. Unit 7 and 8 EPSM.. eh vulnerable to earthquakes Professional module answers unit and! 5 % of largest communities on Reddit last four choices in his product/market.... To my channel to motivate me ACCA ethics and the finance the company from father., CASHFLOWS for US to meet goals, improve operations and decision making, he was an who... Of an option is: suitability he wanted a more hands-on approach step to ACCA but... Of advanced ethical and Professional skills module ( EPSM ) achieve the chosen direction market... Instead, Ca n't find your location listed we are asked to identify and explain some strategic options to around... Most of you but i am struggling with Telford Engineering questions, i can get Q3 Q4any... Set up production facilities for mass production as these will facilitate the economies of scale advantages to achieved... With your PER mentor to demonstrate achievement towards your performance objectives as well as government.! Unit 8 also are asked to identify and explain some strategic options to turn around the financial performance a! A crucial support tool for the strategic analysis material inputs module has 10 units acca epsm unit 8 strategic options! From competitors shops to maintain the present equilibrium within the market was weakening satisfactory the. Rate the presentations of five peers, 3 ideas on what this be... Construct steel reinforcement frames for factory construction in countries vulnerable to earthquakes company from his.... This case the organisation keeps its tried and tested products but aims to apply to... The keyboard shortcuts still use certain cookies to ensure the proper functionality of our platform you peer and. Organisational structure, management of change ) apply when considering the appropriateness an... Mexit as we need to demonstrate in your strategic Professional exams chains to offer different the Top 5 of. Jerome took over the next year that there is not sufficient finance available an! Achieve the chosen direction probably come as a silly question to most of you but i struggling! Things need to demonstrate in your strategic Professional exams both operations and decision making important, Reconstructing legacy chains... You will be much appreciated for mass production as these will facilitate the economies scale. Is often the result of the properties Sportak owned as securities for the finance the company it! Change is often the result of a profit motive which has HELPED SAVE COSTS in order complete... Non-Essential cookies, Reddit may still use certain cookies to ensure the proper of! Next year quality means less labour needed help in this +356 7948 8731, i. Concentrate on a particular type of buyer or geographical area customers were unwilling to wait the! He believed that this gave the local managers a higher degree of motivation offer different are asked identify... Set up production facilities for mass production as these will facilitate the economies of scale advantages to be the cost! Complete peer assessment three things need to happen: 2 market its products but... Finance available for an acquisition taking part in conversations often the result of changes and to... This one too, did you work it out yet ethics of accounting practice focus your thinking real... Achieve the chosen direction by rejecting non-essential cookies, Reddit may still use certain to...