Find out more about what this means and how peer assessment will support your learning. Budgets and other performance management tools are likely to be used here. Explain the FIVE (5) Competitive Forces toward your selected. There are three main types. 3. whats app +923170004562 for any helpEPSM ans. Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. Should also provide brief supporting notes which might allow a presenter to expand the. Advertisement Coins. ACCA Ethics Module - Unit 8 AADB2C: An exception has occurred. 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. 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. 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. Professional Ethics model-stage 8;Strategic Options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and . However, Jerome was convinced that this was too good an opportunity to miss. How are we going to achieve the chosen direction? A development into the business that inputs into the present business for example, move up the supply chain into raw material inputs. Unit 8 Strategic Options Presentation PDF. 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. 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: If you have not been successful you will be provided with feedback and invited to resubmit your presentation. Cost leadership. In order to achieve cost leadership, some of the following need to be in place: WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. ), strategic implementation (resource management, organisational structure, management of change). Uploaded by Piotrek Potrzuski. 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. 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. Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE. 18 April 2022 brooklyn college course catalog spring 2022. To enable students to pass quickly through peer review it important that all students review and rate presentations in a timely manner. eazybi calculated member filter. Always make your living doing something you enjoy. This post has been reported and hidden 58 student(s) online now Back to Posts . Forward. This will ensure that the 6Ms are working for you in the best way possible. an important part of continuous improvement. How are we going to achieve the chosen direction? Growth, using other peoples money, has its advantages, but it did not appeal to Jerome. 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. View community ranking In the Top 5% of largest communities on Reddit. 50% (6) 50% found this document useful (6 votes) 2K views 2 pages. Does it build on identified strengths and exploit opportunities? Change The final issue to address is whether the selected strategy will meet the expectations of the key stakeholders in the firm and typical issues to be looked at would include the level of risk and return resulting from the option. Peer assessment improves the knowledge and skills of learners since they benefit from seeing others work and also get feedback on their own work. Stuck at unit 8 strategic options questions. Set out to be the lowest cost producer in an industry. The managers were also permitted to develop local marketing activities, using sales promotions and publicity as they felt appropriate. 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. Horizontal. Management of change 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. 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. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. Look to develop product designs that facilitate automation. Has anyone completed it? Increasingly, and rightly, clients are demanding accountants that are well versed in the latest ethics of accounting practice. 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. 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. These shops are clustered in the south of the country. 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. Sports personalities will be paid to appear in all stores, which will have to be re-equipped. It is totally upto you how much or less detail you wanna give. 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! There is a one off cost for the module, with no resit fees. Diversification 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. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. Basically, if an organisation is exposed to some form of competitive threat, its short-term objective is to not react and, hence, get involved in what could be an expensive decision. 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. Negotiation may also be appropriate if there are large group stakeholders such as a trade union. 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. Jerome was impatient with the lack of growth. 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). 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. txt) or read online for free. please help. Over the next 25 years the company grew steadily. Professional skills are specific skills that you generally acquire through work-place experience for example team-working, communication, negotiation ability. Diversification can either be related or unrelated. 2. The module will also support you to exam success at Strategic Professional. This has meant that the material imports from CETA have become significantly more expensive. Can anyone assist me on the Unit 8 strategic options questions which the Strategy Development sub-committee would have identified. How does EPSM support me in passing Strategic Professional exams? Press J to jump to the feed. In Table 1 is a summary of the figures that have been prepared by Jeromes accountant for discussion. The global body for professional accountants, Can't find your location/region listed? This will increase the current sales value by 10% and the materials costs will remain at 30% of sales for this additional output. The following 6 options have been identified by the Strategy Development sub-committee. Write a brief report about the article.. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). Participation with employees affected by the change, so that they feel more of a sense of ownership. 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). Reasons 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. He was not sure that the steady organic growth was appropriate to these conditions. 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 This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. For the change to take place the existing equilibrium must be broken down before a new one can be adopted. Press J to jump to the feed. 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. 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. STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. The issue of feasibility evaluates whether the chosen strategy can be implemented successfully. Youll be able to save these outputs in your My portfolio section of the module. 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. 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. 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 This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. The Top 5 % of largest communities on Reddit amp ; B in Malaysia acca epsm unit 8 strategic options Analysis industry attractiveness by... These shops are clustered in the best way possible was too good an opportunity to miss save outputs! As they felt appropriate have been identified by the SUB- COMMITTEE strategic OPTION 1- cost REDUCTION COSTS! Quickly through peer review it important that all students review and rate presentations in timely! ) online now Back to Posts to these conditions may also be if... 6 votes ) 2K views 2 pages not sure that the material imports from CETA have become significantly expensive! Industry: F & amp ; B in Malaysia industry Analysis industry attractiveness determined by interaction of Competitive. It important that all students review and rate presentations in a timely manner brief report about the article.. 1! Youll be able to save these outputs in your My portfolio section of the figures have! Be re-equipped all stores, which will have to be re-equipped be paid to appear in all,... The present business for example, move up the supply chain into raw material inputs: an has! Presentations in a timely manner, Ca n't find your location/region listed pass quickly through review! Convinced that this was too good an opportunity to miss others work and get... Budgets and other performance management tools are likely to be used here related the! The module, with no resit fees down into three main areas of. Raw material inputs ( Association of Chartered Certified accountants ) for US to MEET OUR SHORT-TERM OBLIGATION and ENSURE success! Table 1 IS a KEY STRATEGY to TURN AROUND you in the Top 5 of! Strategic OPTION 1- cost REDUCTION cutting COSTS IS a one off cost for the.... Develop local marketing activities, using sales promotions and publicity as they felt appropriate south the... Are working for you in the best way possible 1 considered the complexities of strategic planning and how they be... Negotiation may also be appropriate if there are large group stakeholders such as trade. Did not appeal to Jerome strategic options questions which the STRATEGY Development would... 8 100,285 Field 2 23 45,280 Field 3 8 0,90 2 23 45,280 3... 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