Sell out/withdraw from the market To what extent has this process harmed or benefited Sportak? Jerome was impatient with the lack of growth. Introducing Peer Assessment 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. How are we going to achieve the chosen direction? His fathers policy had been to open a store each year, funding this growth out of current earnings. . Unit 8 Strategic Options Presentation PDF. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. Part (d) again would have been easily answered if you approach your studies in a logical way as suggested earlier. 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. Set out to be the lowest cost producer in an industry. Hi can anyone help me on this? This will ensure that the 6Ms are working for you in the best way possible. Internal development The module has 10 units, with 7 learning units and 3 assessment and support units. ACCA Peer Assessment - Association of Chartered Certified Accountants In this case the organisation keeps its tried and tested products but aims to apply them to different market segments. Therefore, to summarise what we have just said: Let us see how we can expect to get questioned in this area in the exam. 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. 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. 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. 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. 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. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Can anyone assist me on the Unit 8 strategic options questions which the Strategy Development sub-committee would have identified. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. ACCA Ethics Module - Unit 8 By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. 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. Or. https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. In order to complete peer assessment three things need to happen: 2. You will need to rate each submission against three assessment criteria by selecting one of five grade descriptors. Please visit our global website instead. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . To truly differentiate yourself we must understand the product or service offered and the customer to whom you are selling it. 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. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. In order to achieve cost leadership, some of the following need to be in place: One should also be aware of the drawbacks of such a strategy, such as the need to continually keep up to date with potential changes in technology or consumer tastes. 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! Find out more about what this means and how peer assessment will support your learning. 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. 3. We therefore recommend you complete the module towards the end of completing your Applied Skills exams and before attempting any Strategic Professional exams. Reddit and its partners use cookies and similar technologies to provide you with a better experience. You could also share them with your PER mentor to demonstrate achievement towards your performance objectives. Amy Poehler. The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. This is the most risky of the product market strategies as it involves the introduction of a totally new product in a new market. Differentiation Stuck at unit 8 strategic options questions. We track these errors automatically, but if the problem persists feel free to contact us. Seek to set up production facilities for mass production as these will facilitate the economies of scale advantages to be achieved. The decentralised approach adopted by his father has not brought about the development of a well-known image and, therefore, the brand of Sportak needs to be strengthened. (Ansoffs product market matrix, do nothing, withdraw. an important part of continuous improvement. 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. To enable students to pass quickly through peer review it important that all students review and rate presentations in a timely manner. WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. Premium Powerups Explore Gaming. Professional skills are specific skills that you generally acquire through work-place experience for example team-working, communication, negotiation ability. Anybody got youtube links they used help . Part (b) would be best answered by mixing common sense with the key issues from strategic analysis, strategic choice and strategic implementation. However, you will be able access this new content should you wish to keep your skills up-to-date. txt) or read online for free. 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 i am doing ethic module and i tried so many time to solve the questions in unit 8 but no luck. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. Product development Improve your future. To find out the cost of the module please visit our pricing page. 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. Movement into activities that are competitive with existing activities for example, to benefit access to market or technology. The same peer review process is then repeated with another virtual peer assessment group. Any ideas on what this can be and how much detail we go into? After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. acca @iabcentre. 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. 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? To save time, simply think about the 6Ms. You will be asked to prepare and upload your presentation to the Peer Assessment Point in Unit 8, section 8. These people have enjoyed substantial autonomy, and although they will still have some freedom on the stock range that they offer, they might increasingly see their freedom to act as managers being eroded. Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. Acceptability He wanted a more hands-on approach. Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. Uploaded By Ratings 83% (6) This preview shows page 1 - 2 out of pages. If you dont pass first time, then you will get feedback and you can try again until you are successful - without having to pay any additional fees. 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. Question 1 Peer assessment improves the knowledge and skills of learners since they benefit from seeing others work and also get feedback on their own work. Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? 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. Epsm Unit 8 Module . 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. You will receive a Certificate of achievement. In order to achieve cost leadership, some of the following need to be in place: Jerome fully understands that the costs incurred in the proposed acquisition involve more than the purchase of the new shops. whats app +923170004562 for any helpEPSM ans. However, by late 20X1 there was evidence that Sportaks overall position within the market was weakening. Stuck at unit 8 strategic options questions:( can anyone please help? Please note that there is now a separate . 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: Reasons He decided that a dash for growth was required if the company was to achieve the critical size to survive in the market place. 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? For more information on the syllabus and structure read our EPSM syllabus guide. A formal agreement between two or more organisations to undertake a new venture together for example, Airbus (spreading of cost). The translated cost of these imported materials from CETA in the current P/L account is $M1,100,000. SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. 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. Press question mark to learn the rest of the keyboard shortcuts. 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. 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? Often undertaken to maintain the present equilibrium within the company as it is much less disruptive than an acquisition. . By being grounded in real business examples and covering the full range of advanced ethical and professional skills, the Ethics and . Organisational structure 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. 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. Unit 8 Strategic Options Presentation PDF. Which direction should we choose? focus. 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