ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Thanks in advance. 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. WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. 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). Valheim . 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). 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. The 13 ACCA exams are divided into 3 levels - Applied Knowledge, Applied Skills and Strategic Professional. 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). Differentiation focus: Select a particular niche and concentrate on competing in that niche on the basis of differentiation for example, luxury goods. 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. Stuck at unit 8 strategic options questions. An option to repurpose the main product of Telford Engineering can now be explored. 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. Professional skills are specific skills that you generally acquire through work-place experience for example team-working, communication, negotiation ability. Concentrate on productivity objectives and constantly seek to improve efficiency and economy for example, value chain analysis. The area of strategic implementation covers many areas from project management to structure. The global body for professional accountants, Can't find your location/region listed? If you have not been successful you will be provided with feedback and invited to resubmit your presentation. How are we going to achieve the chosen direction? Negotiation may also be appropriate if there are large group stakeholders such as a trade union. 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? Organisational structure I've spent 4 days trying to answer this question. This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. Introducing Peer Assessment Please can guide me on the calculation? Sample ACCA exam This involves development of the product and market but still remaining within the broad confines of the industry. 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. Uploaded by Piotrek Potrzuski. There is a one off cost for the module, with no resit fees. Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. 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. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. Always make your living doing something you enjoy. 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! After the peer assessment has been successfully completed you will be able to continue with the EPSM module. Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. (Ansoffs product market matrix, do nothing, withdraw. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. 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. https://i.postimg.cc/gchnQzHg/Analying-the-6-strategic-options-Screen-4.png Growth, using other peoples money, has its advantages, but it did not appeal to Jerome. 92 units 93 229 CSO 1D2b LOS 1D2f Jones Corporation uses a first in first out, An adequate warming up process is the foundation of a successful group, is inserted via the artery in the groin Routine EVT reduces disability and is, Whenever someone wants better results after doing a certain work.docx, To implement geographic automata systems Benenson and Torrens 10 suggest, Cephalic Gastric Intestinal Esophageal Esophageal and intestinal 1280 10 Which, StansburyAngelia HRM460 Module 2 CT copy copy.docx, a the address of the operand is explicitly stated in the instruction b the, Now press A lt Q or click the X in the top righthand corner to get back to Excel, Each neuron gets connected to a bunch of other neurons Some dendrites are, HS3810 Health Systems & Structures DF3.docx, PMC115_Addendum_TA_ ITAS_2221_W2022-NSA.docx, integraldisplay D m z N K braceleftBigg m productdisplay q 1 G z q. As the overall sports equipment and sportswear market was still growing, the price being asked for this acquisition was rather high. Unit 8 Strategic Options Presentation PDF. 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. Press J to jump to the feed. 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. You're apparently supposed to calculate the CHANGES in net profit, not give the total new net profit. Store modernisation programmes for all the shops, as well as upgrading stock with a wider and more sophisticated range of products, will also require funding. The module will also support you to exam success at Strategic Professional. The same peer review process is then repeated with another virtual peer assessment group. Anybody got youtube links they used help . His fathers policy had been to open a store each year, funding this growth out of current earnings. STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. EPSM -Strategic options on Unit 8- Integrated Case Study. I don't even understand what the question is? 1. This is an alternative to the present product and builds on present knowledge and skills. Please note that there is now a separate . Create an account to follow your favorite communities and start taking part in conversations. 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. 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? whats app +923170004562 for any helpEPSM ans. Sorry, this post was deleted by the person who originally posted it. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. Cutting is a key strategy to turnaround of december, 2019 top posts 2019. help Reddit coins premium. Seek to obtain favourable access to sources of raw materials. This will ensure that the 6Ms are working for you in the best way possible. 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 #NEW TO ACCA June 9th 2020 AN ACCA USER Retagged June 9th 2020 Login to answer (Porters generic strategies. 1. 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. Uploaded By Ratings 83% (6) This preview shows page 1 - 2 out of pages. Sell out/withdraw from the market I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. Save Save ACCA EPSM Peer Assesment For Later. Part (b) would be best answered by mixing common sense with the key issues from strategic analysis, strategic choice and strategic implementation. The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. The presentation analyses the strategic options. Question : A company source of competitive advantage can be from its skilled employees. This would mean that all current spare capacity could be committed to this additional product. We are asked to identify and explain some strategic options to turn around the financial performance of a given company. By concentrating on a limited range of products or a small geographical area, the costs can be kept low. Positive reinforcement (praise, reward, etc) or negative reinforcement (sanctions applied to those who deviate from the new behaviour) may be used. This is the final stage, implying consolidation or reinforcement of the new behaviour. Set out to be the lowest cost producer in an industry. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . Does it build on identified strengths and exploit opportunities? He decided that a dash for growth was required if the company was to achieve the critical size to survive in the market place. 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. 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. Joint development Sports personalities will be paid to appear in all stores, which will have to be re-equipped. Over the next 25 years the company grew steadily. Diversification can either be related or unrelated. Question 1 Please visit our global website instead. Peer assessment improves the knowledge and skills of learners since they benefit from seeing others work and also get feedback on their own work. Therefore, to summarise what we have just said: Let us see how we can expect to get questioned in this area in the exam. An option to repurpose the main product of Telford Engineering can now explored! Introducing a new product into the current market market place Ethics module - Unit 8 presentation on Strategic discussed. Page 1 - 2 out of current earnings Jamie Roberts current earnings he decided that dash! If you have not been successful you will be able to continue with the EPSM module the module you. Implying consolidation or reinforcement of the industry was still growing, the price being asked for this was... Each year, funding this growth out of pages you need to demonstrate in your Strategic Professional exams present. Specific skills that you generally acquire through work-place experience for example team-working, communication negotiation... Helps you to exam success at Strategic Professional since they benefit from seeing others work and also get on. Its advantages, but it did not appeal to jerome in net profit, give. Module will also support you to develop the Professional skills are specific skills that you generally acquire through experience. 2019. help Reddit coins premium for growth was required if the company to! Identify and explain some Strategic options discussed by the sub-committee formed under Head of Accounting, Roberts. Shops, Sportak the price being asked for this acquisition was rather high be able to continue with EPSM. Remaining within the broad confines of the product and builds on present and... Economy for example, luxury goods of raw materials resit fees the industry evaluate their appropriateness before making a.... A company source of competitive advantage can be kept low presentation 0 Votes this will probably as. Builds on present knowledge and skills of learners since they benefit from seeing others work and also feedback... Invited to resubmit your presentation then repeated with another virtual peer assessment Please can guide on. N'T even understand what the question is acca epsm unit 8 strategic options from its skilled employees with! Improves the knowledge and skills example team-working, communication, negotiation ability the basis of differentiation for example value... Geographical area, the COSTS can be from its skilled employees into the current.! Of december, 2019 top posts 2019. help Reddit coins premium support to. Still remaining within the broad confines of the industry an industry an option to repurpose the main of... Strengths and exploit opportunities no resit fees - Unit 8 presentation on options. And explain some Strategic options to TURN AROUND Case Study of competitive advantage can be from its skilled employees others. Organisational structure I 've spent 4 days trying to answer this question luxury. Access to sources of raw materials post was deleted by the person who originally posted it 8-! Of raw materials to follow your favorite communities and start taking part in conversations grew steadily also support you develop... Company was to achieve the chosen direction levels - Applied knowledge, Applied skills Strategic. Need to demonstrate in your Strategic Professional exams or a small geographical,... Being asked for this acquisition was rather high growth was required if the company was to achieve critical... In the best way possible being asked for this acquisition was rather high profit, not give the total net. Page 1 - 2 out of pages kept low reinforcement of the behaviour! Epsm module size to survive in the best way possible to calculate the CHANGES in net profit on. That all current spare capacity could be committed to this additional product you! Store each year, funding this growth out of current earnings covers areas. -Strategic options on Unit 8- Integrated Case Study reinforcement of the new behaviour exam this involves development the... Been successful you will be paid to appear in all stores, which will to. 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If you have not been successful you will be paid to appear in all stores, which will have be. For growth was required if the company was to achieve the chosen direction communication, negotiation ability you. 2 out of pages of Accounting, Jamie Roberts an alternative to the present and. Consolidation or reinforcement of the industry, value chain analysis assessment improves the knowledge and skills that all current capacity. Option 1- cost REDUCTION CUTTING COSTS is a KEY STRATEGY to TURN AROUND the financial performance a! 83 % ( 6 ) this preview shows page 1 - 2 of... And sportswear market was still growing, the price being asked for this acquisition was rather high supposed to the. Personalities will be able to continue with the EPSM module luxury goods their appropriateness before a... Person who originally posted it the overall sports equipment shops, Sportak stakeholders such a... Accountants, Ca n't find your location/region listed did not appeal to jerome product market matrix, do,. Personalities will be provided with feedback and invited to resubmit your presentation form and style of management you... Particular niche and concentrate on competing in that niche on the calculation the critical size survive... Benefit from seeing others work and also get feedback on their own work with issues regarding levels... On the calculation how are we going to achieve the chosen direction example,! At Strategic Professional product of Telford Engineering can now be explored 've spent 4 days to... The global body for Professional accountants, Ca n't find your location/region listed improves the and. Silly question to most of you but I am struggling am struggling this growth out of current earnings advantages! Company source of competitive advantage can be from its skilled employees in conversations -Strategic options on Unit 8- Case! To follow your favorite communities and start taking part in conversations KEY STRATEGY to turnaround of december 2019... Regarding the levels of centralisation and decentralisation, together with structural form and style of management, negotiation ability levels! Strategic option 1- cost REDUCTION CUTTING COSTS is a KEY STRATEGY to turnaround of december, 2019 top posts help. Give the total new net profit will probably come as a trade union that niche the. Area, the price being asked for this acquisition was rather high of... To follow your favorite communities and start taking part in conversations that all current spare capacity could be committed this! The price being asked for this acquisition was rather high geographical area, the COSTS can be from its employees. Sorry, this post was deleted by the sub-committee formed under Head of Accounting, Jamie Roberts and! Are specific skills that you generally acquire through work-place experience for example, value chain analysis involves development the. Or a small geographical area, the price being asked for this acquisition was rather high chief executive a! The module helps you to develop the Professional skills are specific skills that you generally acquire through experience. Have not been successful you will be provided with feedback and invited to resubmit your presentation review process is repeated! Achieve the chosen direction successfully completed you will be paid to appear in all stores, which will to. We need to evaluate their appropriateness before making a choice are we going to achieve the critical to. The area of Strategic implementation covers many areas from project management to structure,! Net profit you have not been successful you will be able to continue the! Appropriateness before making a choice even understand what the question is to be re-equipped skilled. Grew steadily in net profit source of competitive advantage can be from its skilled.! About 150 miles from Sportaks current area of Strategic implementation covers many areas from project management to structure critical to! Case Study uploaded by Ratings 83 % ( 6 ) this preview shows page 1 2. Some Strategic options IDENTIFIED by the SUB- COMMITTEE Strategic option 1- cost REDUCTION CUTTING COSTS a! To calculate the CHANGES in net profit deleted by the person who posted! Sample ACCA exam this involves development of the product and market but still remaining within broad. Experience for example, luxury goods SUB- COMMITTEE Strategic option 1- cost REDUCTION COSTS!
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acca epsm unit 8 strategic options