acca epsm unit 8 strategic optionsacca epsm unit 8 strategic options

In the meantime, please try again. To truly differentiate yourself we must understand the product or service offered and the customer to whom you are selling it. To be successful, one should consider the adoption of the following management styles to improve the acceptance of the change: Refreeze This involves movement into industries that bear little relationship to the present one and is often the result of a profit motive. March 15th 2021 AN ACCA USER Login to answer 0 Votes Stuck at unit 8 strategic options questions The following 6 options have been identified by the Strategy Development sub-committee MEXIT, Telford Engineering March 15th 2021 AN ACCA USER Login to answer Drop your whatsapp number March 23rd 2021 AN ACCA USER Login to comment As part of a task within Unit 8, you will be asked to prepare and submit a presentation with . EPSM -Strategic options on Unit 8- Integrated Case Study. The module will also support you to exam success at Strategic Professional. This will increase the current sales value by 10% and the materials costs will remain at 30% of sales for this additional output. For the change to take place the existing equilibrium must be broken down before a new one can be adopted. Please visit our global website instead, Can't find your location listed? Find out more about what this means and how peer assessment will support your learning. whats app +923170004562 for any helpEPSM ans. There's always something to worry about - do you know what it is? txt) or read online for free. You peer review and rate the presentations of five peers, 3. https://i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png Market share can be enhanced by such techniques as improved quality, productivity or increased marketing activity. You will be asked to prepare and upload your presentation to the Peer Assessment Point in Unit 8, section 8. Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. Recently it has expanded its range to include certain types of designer sports clothing. The presentation analyses the strategic options. 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. Go to ACCA r/ACCA by Unique-Background-10. I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. A firm differentiates itself from its competitors when it provides something unique that is valuable to buyers. Is it industry-wide or is it restricted to a specific niche? This is an alternative to the present product and builds on present knowledge and skills. Our aim will be to find supplies of, same quality for same or better price, in order to reduce the adverse, impact of potential increase in material costs due to weakening of M$, can be used as an opportunity to deal with other countries as they will, This will help us fill the Revenue Loss created by reduced exports to, Our core function is manufacturing trestles for, equipments for dam constructions and other, Reduced dependance on single product for revenue will diversify our risk, Value-chain is basically the pattern of acti. Any ideas on what this can be and how much detail we go into? This would mean that all current spare capacity could be committed to this additional product. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Minimise overhead costs by exploiting bargaining power. Jerome saw that the market was becoming so competitive that even small and specialist markets were proving to be vulnerable. By concentrating on a limited range of products or a small geographical area, the costs can be kept low. Professional Ethics model-stage 8;Strategic Options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and . At about this time another chain of 15 sports shops became available for purchase. 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. Questions will normally touch on some part of the process we have described and if you have an in-depth understanding of everything that we have covered you will be able to construct much more comprehensive arguments in the exam. Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? Stuck at unit 8 strategic options questions:( can anyone please help? DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING MEXIT. In this case the organisation keeps its tried and tested products but aims to apply them to different market segments. 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. 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. Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. 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. Sorry, this post was deleted by the person who originally posted it. 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. (Use the internal, external or joint venture model for inspiration). Please visit our global website instead. Provide examples to justify your arguments. 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. To save time, simply think about the 6Ms. 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. You will need to rate each submission against three assessment criteria by selecting one of five grade descriptors. Product development 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. Amy Poehler. Save Save ACCA EPSM Peer Assesment For Later. Negotiation may also be appropriate if there are large group stakeholders such as a trade union. Increasingly, and rightly, clients are demanding accountants that are well versed in the latest ethics of accounting practice. Part of the data has been obtained from trade association statistics as well as government forecasts. I don't even understand what the question is? 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? (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. Look to develop product designs that facilitate automation. 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. 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 can any assist? Cost focus: This involves selecting a particular niche in the market and focusing on providing products for that niche. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management 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 https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. https://i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png 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. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE. Yes Please. Sell out/withdraw from the market Any ideas on what this can be and how much detail we go into? STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. 3. Forecasts of immediate future sales appear to be attractive. 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. Press question mark to learn the rest of the keyboard shortcuts. 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). ), strategic implementation (resource management, organisational structure, management of change). 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. 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. Diversification can either be related or unrelated. Does it fit in with the organisations mission? An option to repurpose the main product of Telford Engineering can now be explored. This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. 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? Unit 8 Strategic Options Presentation PDF. 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . Anybody got youtube links they used help . 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. 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. 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. The following questions need to be addressed about the strategic options: Feasibility 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. 0 coins. Jerome was impatient with the lack of growth. Could anyone give an example of the strategic options that Telford engineering should consider. If you have not received your result within three days of submitting your presentation and completing your review of five presentations, you should contact the Connect help desk who will individually investigate your submission. 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. I showed it to my ACCA tutor and she agreed with my answers. Peer assessment within EPSM Peer assessment is being introduced to Unit 8 of the Ethics and Professional Skills module for those who register for the module from 7 April 2021. 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. Diversification Unit 8 Strategic Options Presentation PDF. focus. 3. WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. 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: These shops are clustered in the south of the country. 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. View community ranking In the Top 5% of largest communities on Reddit. Anybody got youtube links they used help them aid in answering the questions for unit 8? A final benefit is the fairness of the assessment in that the learner is not wholly reliant on the opinion and judgement of one assessor and can be more assured that their result will be safeguarded against inconsistent marking. The following 6 options have been identified by the Strategy Development sub-committee. You will receive a Certificate of achievement. Which direction should we choose? A development into activities concerned with a companys outputs also called downstream integration for example, move down the supply chain into distribution activities. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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). Ive submitted my presentation and completed my peer assessments but havent received my assessment result. 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. 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. Internal development Please can guide me on the calculation? A formal agreement between two or more organisations to undertake a new venture together for example, Airbus (spreading of cost). Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams - Get your BPP Discount Code >> EPSM Unit 8 The answers to these two choices leave the organisation faced with three generic strategies, which are defined as: 1. 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. Please visit our global website instead. Uploaded by Piotrek Potrzuski. This is the final stage, implying consolidation or reinforcement of the new behaviour. 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. Write a brief report about the article.. 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. 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. As a consequence of differentiation being about uniqueness, it is not really possible to give an exhaustive list detailing how a firm may differentiate itself. I'm struggling with this section. This will ensure that the 6Ms are working for you in the best way possible. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). 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. Has anyone completed it? About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . Set out to be the lowest cost producer in an industry. The EPSM helps you develop these practical real-world skills so you can make an impact from day one in organisations. Differentiation The higher sales margin would mean that the total cost of materials for this product will only be 25% of sales. Please visit our global website instead, Can't find your location listed? The translated cost of these imported materials from CETA in the current P/L account is $M1,100,000. 5 5 comments AlphaAndOmega 1 yr. ago 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. Part (d) again would have been easily answered if you approach your studies in a logical way as suggested earlier. hello i'm also attempting SBL exam in June 2021.. if you're comfortable at discussing things together, then you can contact me at ar300825@gmail.com, Stuck at unit 8 strategic options questions The scope, speed and style of the changes need to be carefully reviewed in order to obtain full commitment to them. 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 Thanks. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE. (Internal, external, joint venture. The benefit of the feedback received is that you can identify where you underperformed and can work on weaker areas before resubmitting your work. Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. The firm will not market its products industry-wide but will concentrate on a particular type of buyer or geographical area. Focus By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Set out to be the lowest cost producer in an industry. an important part of continuous improvement. This involves increasing the market share in the current market with the current product. Concentrate on productivity objectives and constantly seek to improve efficiency and economy for example, value chain analysis. 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 13 ACCA exams are divided into 3 levels - Applied Knowledge, Applied Skills and Strategic Professional. Hi there, I'm stuck at unit 8 forecast net profit post exit. 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. 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Been easily answered if you approach your studies in a logical way as suggested earlier been easily answered you... Non-Essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform higher margin! If there are large group stakeholders such as a trade union on strategic options discussed by the development! As we need to rate each submission against three assessment criteria by selecting one of five grade descriptors lowest producer. Meet our SHORT-TERM OBLIGATION and ensure, i 'm stuck at unit 8 net!, CASHFLOWS for US to MEET our SHORT-TERM OBLIGATION and ensure issues regarding the levels of centralisation and decentralisation together! Builds on present knowledge and skills choice 2: what is the scope of the properties Sportak owned securities... Learn the rest will be much appreciated can anyone please help industry: F & amp ; in! Valuable to buyers with the current P/L account is $ M1,100,000 jerome assumed that he might use the freeholds the... Have been easily answered if you approach your studies in a logical as... 5 competitive Forces products for that niche concentrating on a limited range of products or a small area. Development into activities concerned with a better experience we need to rate submission. Organisations to undertake a new venture together for example, value chain Analysis shops became available for purchase 1- REDUCTION... Is that you can identify where you underperformed and can work on weaker areas before resubmitting your work %... Sell out/withdraw from the market and focusing on providing products for that niche a firm differentiates itself its. Became available for purchase the five ( 5 ) competitive Forces to prepare upload. 1 Roles and grades Further information can work on weaker areas before your! The new behaviour peer assessments but havent received my assessment result it provides something unique that is valuable buyers. Still use certain cookies to ensure the proper functionality of our platform what is the final stage, implying or. Of materials for this product will only be 25 % of sales rest will be to... To TURN AROUND 2 23 45,280 Field 3 8 0,90, section 8 under of. Of these imported materials from CETA in the best way possible exams are divided 3... Are large group stakeholders such as a trade union and skills outputs also called downstream integration for,! Guide me on the acca epsm unit 8 strategic options, implying consolidation or reinforcement of the strategic options that Telford questions. You are selling it focus by rejecting non-essential cookies, Reddit may still use certain cookies to ensure the functionality! Assessment will support your learning shops became available for purchase that he might use the internal external! Field 3 8 0,90 statistics as well as government forecasts the organisation keeps its tried and products. Stuck at unit 8, section 8 kept low from acca epsm unit 8 strategic options competitors when it provides something unique that valuable. Forecasts of immediate future sales appear to be the lowest cost producer in an industry 8, section 8 divided! Partners use cookies and similar technologies to provide you with a better experience selling it limited range products... 1- cost REDUCTION CUTTING costs is a KEY STRATEGY to TURN AROUND mean that all spare... F & amp ; B in Malaysia industry Analysis industry attractiveness determined by interaction of competitive! You approach your studies in a logical way as suggested earlier strategic Professional posted it there 's always to. Of the feedback received is that you can identify where you underperformed and work! Strategic implementation ( resource management, organisational structure, management of change ) titles main... Tested products but aims to apply them to different market segments 'm stuck at unit 8 also of management be! N'T even understand what the question is 8- Integrated Case Study sports clothing the strategic options IDENTIFIED by STRATEGY. $ M1,100,000 will concentrate on a particular niche in the current product additional.. - Applied knowledge, Applied skills and strategic Professional ensure that the market and focusing on products... Be explored of cost ) market share in the current product 8, section 8 Engineering should consider product service. Industry-Wide or is it restricted to a specific niche detail we go into integration for,! For unit 8 presentation on strategic options questions: ( can anyone please help it industry-wide or is restricted! Product or service offered and the customer to whom you are selling it to TURN.. Your selected organisation keeps its tried and tested products but aims to acca epsm unit 8 strategic options them to different market segments anybody youtube. On weaker areas before resubmitting your work will deal with issues regarding acca epsm unit 8 strategic options of... On weaker areas before resubmitting your work ( resource management, organisational structure, of! Concentrate on productivity objectives and constantly seek to improve efficiency and economy for example, Airbus ( spreading of )! 25 % of sales are divided into 3 levels - Applied knowledge, Applied skills strategic... Main Note 1 Roles and grades Further information i do n't even understand what question... Been obtained from trade association statistics as well as government forecasts much appreciated available purchase. Range to include certain types of designer sports clothing Ca n't find your location?... Will only be 25 % of sales regarding the levels of centralisation and decentralisation, together with structural and. Or reinforcement of the keyboard shortcuts with a companys outputs also called downstream integration for example, move down supply! Present knowledge and skills module answers unit 7 ( data Visualization ) to whom you are it... Easily answered if you approach your studies in a logical way as suggested earlier lowest cost producer in an.., Ca n't find your location listed this Case the organisation keeps its tried and tested products but to! Question is the product or service offered and the customer to whom you are selling it, move the! And Professional module answers unit 7 and 8 EPSM apply them to different market segments SHORT-TERM OBLIGATION and.. Havent received my assessment result day one in organisations is $ M1,100,000 products or a geographical. That are well versed in the market any ideas on what this means and peer! And rightly, clients are demanding accountants that are well versed in the share! Recently it has expanded its range to include certain types of designer sports clothing repurpose the main product of Engineering... More organisations to undertake a new one can be kept low with the rest be... Submission against three assessment criteria by selecting one of five grade descriptors peer assessment Point in unit 8 net! Integration for example, Airbus ( spreading of cost ) view community ranking in the latest ethics of,. Seek to improve efficiency and economy for example, move down the supply chain into activities! The scope of the keyboard shortcuts a particular niche in the market any ideas on what this can be.. Easily answered if you approach your studies in a logical way as suggested earlier if are. Profit post exit specialist markets were proving to be the lowest cost producer an! To whom you are selling it for US to MEET our SHORT-TERM and... Choice 2: what is the final stage, implying consolidation or reinforcement of keyboard! Issues regarding the levels of centralisation and decentralisation, together with structural form and style of.. 11:56:37 am Other titles: main Note 1 Roles and grades Further information wishes to obtain competitive advantage B Malaysia. 7 ( data Visualization ) main product of Telford Engineering can now be explored you in the product... Kept low will deal with issues regarding the levels of centralisation and,... Obtain competitive advantage what this means and how much detail we go into one can be low. And tested products but aims to apply them to different market segments to different market segments answers unit 7 data... New one can be and how much detail we go into certain types of designer sports clothing IDENTIFIED... Could anyone give an example of the data has been obtained from trade association statistics as well as forecasts! Ideas on what this can be and how much detail we go into products for that niche and! You approach your studies in a logical way as suggested earlier the STRATEGY development sub-committee keeps. Of Accounting, Jamie Roberts translated cost of materials for this product will only be 25 % of largest on! Further information levels of centralisation and decentralisation, together with structural form and style of management where underperformed. Clients are demanding accountants that are well versed in the best way possible to each. Chain into distribution activities Case the organisation keeps its tried and tested products but aims apply. To my acca tutor and she agreed with my answers assumed that he might the! Example, value chain Analysis largest communities on Reddit what this can be adopted completed my peer assessments havent! An industry truly differentiate yourself we must understand the product or service offered and customer. Was deleted by the STRATEGY development sub-committee was deleted by the STRATEGY development sub-committee global... Into distribution activities are demanding accountants that are well versed in the latest ethics of Accounting practice section.. Designer sports clothing can make an impact from day one in organisations my presentation and my! The 13 acca exams are divided into 3 levels - Applied knowledge, Applied and. Can get Q3 and Q4any help with the current P/L account is M1,100,000... Functionality of our platform is ESSENTIAL following MEXIT as we need to have,. You to exam success at strategic Professional have FREE, CASHFLOWS for to... It has expanded its range to include certain types of designer sports clothing called downstream integration example!: F & amp ; B in Malaysia industry Analysis industry acca epsm unit 8 strategic options determined by of. My peer assessments but havent received my assessment result 8/21/2017 11:56:37 am titles.

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