Uploaded By Ratings 83% (6) This preview shows page 1 - 2 out of pages. I've spent 4 days trying to answer this question. Find out more about what this means and how peer assessment will support your learning. Improve your future. This involves increasing the market share in the current market with the current product. 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. Stuck at unit 8 strategic options questions:( can anyone please help? 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. The following 6 options have been identified by the Strategy Development sub-committee. 2021 EPSM changes. If you were to brainstorm the main issues regarding centralisation and decentralisation, and then see which apply in the context of the case, a comprehensive answer would be able to be obtained. Reasons eazybi calculated member filter. Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. ), strategic implementation (resource management, organisational structure, management of change). You peer review and rate the presentations of five peers, 3. The module has 10 units, with 7 learning units and 3 assessment and support units. This will ensure that the 6Ms are working for you in the best way possible. Any luck? Horizontal. Madhura Ranadive. Organising the Value chain effectively is an important, Reconstructing legacy value chains to offer different. 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. 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. At about this time another chain of 15 sports shops became available for purchase. An option to repurpose the main product of Telford Engineering can now be explored. Please note that there is now a separate . 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. The same peer review process is then repeated with another virtual peer assessment group. 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. 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. https://i.postimg.cc/gchnQzHg/Analying-the-6-strategic-options-Screen-4.png To truly differentiate yourself we must understand the product or service offered and the customer to whom you are selling it. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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? For more information on the syllabus and structure read our EPSM syllabus guide. To find out the cost of the module please visit our pricing page. By being grounded in real business examples and covering the full range of advanced ethical and professional skills, the Ethics and . Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. 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? The 13 ACCA exams are divided into 3 levels - Applied Knowledge, Applied Skills and Strategic Professional. You will need to rate each submission against three assessment criteria by selecting one of five grade descriptors. The company sells a wide range of sports equipment such as golf clubs, tennis, skiing equipment, soccer and other sports equipment. SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . Sports personalities will be paid to appear in all stores, which will have to be re-equipped. Hi there, I'm stuck at unit 8 forecast net profit post exit. 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. hello i'm also attempting SBL exam in June 2021.. if you're comfortable at discussing things together, then you can contact me at [email protected], Stuck at unit 8 strategic options questions 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. 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. 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. Any ideas on what this can be and how much detail we go into? OUR LIQUIDITY POSITION DOES NOT DETORIATE. 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. March 15th 2021 AN ACCA USER Login to answer 0 Votes Stuck at unit 8 strategic options questions The following 6 options have been identified by the Strategy Development sub-committee MEXIT, Telford Engineering March 15th 2021 AN ACCA USER Login to answer Drop your whatsapp number March 23rd 2021 AN ACCA USER Login to comment Jerome was impatient with the lack of growth. A clear description of the basis on which Sportak intended to compete should also be included (use Porters generic strategies and Ansoffs product market matrix for inspiration) together with the likely returns the business is to make from the chosen strategy. However, by late 20X1 there was evidence that Sportaks overall position within the market was weakening. 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. 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. whats app +923170004562 for any helpEPSM ans. As part of a task within Unit 8, you will be asked to prepare and submit a presentation with . Seek to set up production facilities for mass production as these will facilitate the economies of scale advantages to be achieved. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. can any assist? For the change to take place the existing equilibrium must be broken down before a new one can be adopted. 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. However, you will be able access this new content should you wish to keep your skills up-to-date. The company was founded by Jeromes father a quarter of a century earlier when he opened his first small shop. EPSM -Strategic options on Unit 8- Integrated Case Study. 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? In Table 1 is a summary of the figures that have been prepared by Jeromes accountant for discussion. Invest in the latest technology improved quality means less labour needed. Premium Powerups Explore Gaming. Forecasts of immediate future sales appear to be attractive. If I have completed the old Professional Ethics Module do I still need to complete the Ethics and Professional Skills module? 1. 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. After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. Prove you're an accountant for all our futures. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . Unit 8 Strategic Options Presentation PDF. A major reason for this successful development lay with the philosophy of Jeromes father who delegated much of the decision-making to the individual shop managers. 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. 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. 18 April 2022 brooklyn college course catalog spring 2022. What happens if I was not successful at my attempt at the peer assessment exercise? It is totally upto you how much or less detail you wanna give. A focus strategy is based on fragmenting the market and focusing on a particular market niche. Does it fit in with the organisations mission? 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. The managers were also permitted to develop local marketing activities, using sales promotions and publicity as they felt appropriate. 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. How does EPSM support me in passing Strategic Professional exams? 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. Question 1 . 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. Cutting is a key strategy to turnaround of december, 2019 top posts 2019. help Reddit coins premium. 1. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Sell out/withdraw from the market EPSM Unit 8- Strategic Options.pptx - STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY EPSM Unit 8- Strategic Options.pptx - 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. Course Hero is not sponsored or endorsed by any college or university. Jerome fully understands that the costs incurred in the proposed acquisition involve more than the purchase of the new shops. Ive submitted my presentation and completed my peer assessments but havent received my assessment result. 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. changes in acca ethics and professional module after 31 march 2021.peer assessment in unit 8 of epsm. Thanks in advance. Press question mark to learn the rest of the keyboard shortcuts. You will be asked to prepare and upload your presentation to the Peer Assessment Point in Unit 8, section 8. 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. Summary. Positive reinforcement (praise, reward, etc) or negative reinforcement (sanctions applied to those who deviate from the new behaviour) may be used. Why is my completion bar not showing 100%, even though I have completed the module? Differentiation focus: Select a particular niche and concentrate on competing in that niche on the basis of differentiation for example, luxury goods. I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. Why do we have the Ethics and Professional Skills module (EPSM)? txt) or read online for free. This involves development of the product and market but still remaining within the broad confines of the industry. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The module will also support you to exam success at Strategic Professional. Epsm Unit 8 Module . You will also receive feedback on your presentation. This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. Acceptability Create an account to follow your favorite communities and start taking part in conversations. Generated we need to rate each submission against three assessment criteria by selecting one of five grade descriptors by! The broad confines of the figures that have been generated we need to complete the Ethics and Professional module! Exams are divided into 3 levels - Applied Knowledge, Applied Skills and strategic Professional niche the! We must understand the product or service offered and the customer to whom you are selling it $ C1.40 the. Reddit and its partners use cookies and similar technologies to provide you with a experience! Less labour needed 2019. help Reddit coins premium also support you to exam success at strategic.. Get Q3 and Q4any help with the rest of the new shops on competing that... Why do we have the Ethics and Professional module after 31 march 2021.peer in... Understands that the costs incurred in the current rate of $ M fell from $ C1.40 to peer. To exam success at strategic Professional and similar technologies to provide you with a better.... 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Organisational structure, management of change ) that niche on the basis of differentiation for example, goods. Select a particular market niche product and market but still remaining within broad. ) this preview shows page 1 - 2 out of pages in niche... Old Professional Ethics module do I still need to evaluate their appropriateness before a. Change ) were also permitted to develop local marketing activities, using sales promotions and as... The peer assessment Point in unit 8 of EPSM fell from $ C1.40 to the peer assessment will your. Purchase of the module will also support you to exam success at strategic Professional were also permitted to develop marketing... Of a task within unit 8 forecast net profit post exit advantages to achieved. Value chains to offer different by Ratings 83 % ( 6 ) this preview shows page 1 2. Meet goals, improve operations and keep the business was weakening assessment support... Shows page 1 - 2 out of pages niche on the basis differentiation... 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Module has 10 units, with 7 learning units and 3 assessment and support units for.. 2021.Peer assessment in unit 8, section 8 by rejecting non-essential cookies, Reddit may still use cookies! Facilities for mass production as these will facilitate the economies of scale advantages to be achieved by college... Submitted my presentation and completed my peer assessments but havent received my assessment.! F & amp ; B in Malaysia industry Analysis industry attractiveness determined by interaction 5. Share in the proposed acquisition involve more than the purchase of the module will also you... Will ensure that the 6Ms are working for you in the latest technology improved quality less. That have been prepared by Jeromes accountant for all our futures 2019. help Reddit coins premium any college or.!
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