Part of the data has been obtained from trade association statistics as well as government forecasts. This has meant that the material imports from CETA have become significantly more expensive. 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. (d) Discuss whether a franchise operation would have been a better option for expansion than an acquisition. 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. This strategy maintains the security of the present product while enabling extra revenue to be generated from new segments for example, McDonalds and its geographic market development. 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! Provide examples to justify your arguments. Reddit and its partners use cookies and similar technologies to provide you with a better experience. DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. 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. The process should not take longer than three days and will often be completed in a much shorter time period. 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. Hi there, I'm stuck at unit 8 forecast net profit post exit. . 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Explain how Thomas Cook management can "use of aggressive accounting methods to flatter its financial performance"? Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. The global body for professional accountants, Can't find your location/region listed? 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. For more information on the syllabus and structure read our EPSM syllabus guide. acca @iabcentre. undertaken to deliver value to customers. 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. The system will then randomly allocate you five presentations that have been completed by other students. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). 3. 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. Create an account to follow your favorite communities and start taking part in conversations. ), How are we going to achieve the chosen direction? Prove you're an accountant for all our futures. Uploaded By Ratings 83% (6) This preview shows page 1 - 2 out of pages. Peer assessment improves the knowledge and skills of learners since they benefit from seeing others work and also get feedback on their own work. 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. ), Which direction should we choose? Becoming an ACCA Approved Learning Partner, Virtual classroom support for learning partners, FAQs on the Ethics and Professional Skills module, Students' FAQs on the Oxford Brookes Degree, Students' FAQs on exam attendance dockets, Students' FAQs on the PER (Practical Experience Requirement), Students' FAQs on other programmes and certificates, Learning providers' FAQS on Applied Knowledge and Applied Skills exams, Learning providers' FAQs on Professional level exams, Learning providers' FAQs on Foundation Level qualifications, Learning providers FAQs on on-demand computer-based exams (CBE), Students' FAQs on Pakistan remote on-demand exams. 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. whats app +923170004562 for any helpEPSM ans. In the meantime, please try again. can u help me?pleaseee. The same peer review process is then repeated with another virtual peer assessment group. The company was founded by Jeromes father a quarter of a century earlier when he opened his first small shop. It was at this time that Jerome took over the company from his father. This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. 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. Hopefully you are now able to overview the strategic planning part of the syllabus in a more systematic and logical way. However, by late 20X1 there was evidence that Sportaks overall position within the market was weakening. The managers were also permitted to develop local marketing activities, using sales promotions and publicity as they felt appropriate. The product change is often the result of changes and modifications to an existing successful product for example, Mars ice cream. Unit 8 Strategic Options Presentation PDF. Thank you. changes in acca ethics and professional module after 31 march 2021.peer assessment in unit 8 of epsm. 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. Market development WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. To find out the cost of the module please visit our pricing page. Has anyone completed it? Write a brief report about the article.. Jerome anticipates that sales per store will rise by about 8% over the next year. Unit 8 Strategic Options Presentation PDF. Part (d) specifically deals with the how? part of the strategic choice stage. 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. What happens if I was not successful at my attempt at the peer assessment exercise? Anybody got youtube links they used help them aid in answering the questions for unit 8? Cost leadership 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. I don't even understand what the question is? TO COUNTER THE HIGHER IMPORT COSTS, WE CAN FIND A, DOMESTIC SUPPLIER WHO IS WILLING TO SUPPLY THE SAME, HELP US REDUCE COSTS AS WE WILL NOT BE AFFECTED, DEPRECIATING CURRENCY OF OUR COUNTRY FOLLOWING. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . A development into the business that inputs into the present business for example, move up the supply chain into raw material inputs. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. Improve your future. Why do we have the Ethics and Professional Skills module (EPSM)? Diversification can either be related or unrelated. Internal development 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. Part 2 adopts a similar simplification approach to the issues of strategic choice and strategic implementation. 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. 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. 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. Set out to be the lowest cost producer in an industry. Find out more about what this means and how peer assessment will support your learning. 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. The company sells a wide range of sports equipment such as golf clubs, tennis, skiing equipment, soccer and other sports equipment. 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. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. The global body for professional accountants, Can't find your location/region listed? Create an account to follow your favorite communities and start taking part in conversations. Set out to be the lowest cost producer in an industry. Please visit our global website instead. (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. Growth, using other peoples money, has its advantages, but it did not appeal to Jerome. Common sense would tell you that the business plan should include an overview of Sportaks business. https://i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png An option to repurpose the main product of Telford Engineering can now be explored. 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. Any ideas on what this can be and how much detail we go into? 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. Amy Poehler. 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. can any assist? 0 coins. (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 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. Sell out/withdraw from the market The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. 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. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND. It is totally upto you how much or less detail you wanna give. If I have completed the old Professional Ethics Module do I still need to complete the Ethics and Professional Skills module? You will receive a Certificate of achievement. In appreciating that these shop managers provide much goodwill and their loss would be damaging to the company, Jerome is proposing to increase their sales-related bonuses as an inducement to stay. 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. A focus strategy is based on fragmenting the market and focusing on a particular market niche. 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. I've spent 4 days trying to answer this question. Often undertaken to maintain the present equilibrium within the company as it is much less disruptive than an acquisition. 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. focus. 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