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 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. Sorry, this post was deleted by the person who originally posted it. Press question mark to learn the rest of the keyboard shortcuts. The area of strategic implementation covers many areas from project management to structure. 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. https://i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png Most customers were unwilling to wait for the product to be ordered and they therefore bought from competitors shops. focus. Set out to be the lowest cost producer in an industry. (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. This involves development of the product and market but still remaining within the broad confines of the industry. At about this time another chain of 15 sports shops became available for purchase. (a) Jerome Gulsands father was a great believer in the decentralisation of both operations and decision making. 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. Look to develop product designs that facilitate automation. 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. 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. In the meantime, please try again. Uploaded By Ratings 83% (6) This preview shows page 1 - 2 out of pages. whats app +923170004562 for any helpEPSM ans. 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. 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. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. Often undertaken to maintain the present equilibrium within the company as it is much less disruptive than an acquisition. Press J to jump to the feed. 18 April 2022 brooklyn college course catalog spring 2022. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. After the peer assessment has been successfully completed you will be able to continue with the EPSM module. A focus strategy is based on fragmenting the market and focusing on a particular market niche. Uploaded by Piotrek Potrzuski. Any ideas on what this can be and how much detail we go into? Seek to set up production facilities for mass production as these will facilitate the economies of scale advantages to be achieved. Cutting is a key strategy to turnaround of december, 2019 top posts 2019. help Reddit coins premium. 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. Improve your future. To find out the cost of the module please visit our pricing page. Summary. The scope, speed and style of the changes need to be carefully reviewed in order to obtain full commitment to them. You don't have to be able to reproduce the multiple linear regression analysis in the end of unit assessment (because it's provided) but you do need to READ the comments that interpret the output table (e.g the "coefficients" calculated provide the regression formula: Y = a + bX1 + cX2 + dX3 etc) A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). 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: Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? Reasons 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. There is a one off cost for the module, with no resit fees. You could also share them with your PER mentor to demonstrate achievement towards your performance objectives. can u help me?pleaseee. Positive reinforcement (praise, reward, etc) or negative reinforcement (sanctions applied to those who deviate from the new behaviour) may be used. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). Change View community ranking In the Top 5% of largest communities on Reddit. 3. This is the most risky of the product market strategies as it involves the introduction of a totally new product in a new market. 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. The benefit of the feedback received is that you can identify where you underperformed and can work on weaker areas before resubmitting your work. 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. 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. 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. Cost leadership. Madhura Ranadive. What are professional skills and why are these important? Invest in the latest technology improved quality means less labour needed. The higher sales margin would mean that the total cost of materials for this product will only be 25% of sales. This involves movement into industries that bear little relationship to the present one and is often the result of a profit motive. To truly differentiate yourself we must understand the product or service offered and the customer to whom you are selling it. As a result of the changing business landscape globally, employers are looking for finance professionals to add value immediately. OUR LIQUIDITY POSITION DOES NOT DETORIATE. This means there may have been new units added to the module since you completed it and received your completion certificate. Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. Set out to be the lowest cost producer in an industry. 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. Explain the FIVE (5) Competitive Forces toward your selected. Stuck at unit 8 strategic options questions. This would mean that all current spare capacity could be committed to this additional product. 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? Reddit and its partners use cookies and similar technologies to provide you with a better experience. Unit 8 Strategic Options Presentation PDF. (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. Question 1 The presentation analyses the strategic options. Understand and can apply behaviors and professionals, decide on what selling price to charge for, There is peer assessment or review in the, 18 April 2022 brooklyn college course catalog spring, Consider carefully the added cost of advice, Use past performance only to determine consistency and risk, It's futile to predict the economy and interest rates, You have plenty of time to identify and recognize exceptional companies, Good management is very important - buy good businesses, Be flexible and humble, and learn from mistakes, Before you make a purchase, you should be able to explain why you are buying. 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. Unit 8 Strategic Options Presentation PDF. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Please visit our global website instead. 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. 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. 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. 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. 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. Unit 8 Strategic Options Presentation PDF. Horizontal. In Table 1 is a summary of the figures that have been prepared by Jeromes accountant for discussion. Sell out/withdraw from the market In order to complete peer assessment three things need to happen: 2. 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). After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. Seek to obtain favourable access to sources of raw materials. To what extent has this process harmed or benefited Sportak? Diversification Find out more about what this means and how peer assessment will support your learning. Epsm Unit 8 Module . 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. 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. Negotiation may also be appropriate if there are large group stakeholders such as a trade union. However, you will be able access this new content should you wish to keep your skills up-to-date. Suitability identifies the extent to which the proposed strategy enhances the situation identified in the strategic analysis. 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. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. So to have technical knowledge, skills and abilities - combined with professional skills and qualities - will be much more in demand by employers. On what basis do we decide to compete? 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. 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. Professional Ethics model-stage 8;Strategic Options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests and Forums for ACCA and . Focus 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. The global body for professional accountants, Can't find your location/region listed? This is very similar to the approach youll be required to take at Strategic Professional exams. This post has been reported and hidden 58 student(s) online now Back to Posts All you need to remember is the key steps of strategic analysis, choice and implementation. 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. Please visit our global website instead. This involves increasing the market share in the current market with the current product. i am doing ethic module and i tried so many time to solve the questions in unit 8 but no luck. Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING MEXIT. The firm will not market its products industry-wide but will concentrate on a particular type of buyer or geographical area. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. There are three main types. Acceptability The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. This will increase the current sales value by 10% and the materials costs will remain at 30% of sales for this additional output. 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