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. You can then use these to present to your employer -or in an interview situation -to demonstrate how you would approach and resolve these real-world scenarios. Explain the FIVE (5) Competitive Forces toward your selected. Explain how Thomas Cook management can "use of aggressive accounting methods to flatter its financial performance"? This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. Hi can anyone help me on this? I have no idea how to solve the below questions, please someone help? 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. eazybi calculated member filter. Uploaded By Ratings 83% (6) This preview shows page 1 - 2 out of pages. Sorry, this post was deleted by the person who originally posted it. However, you will be able access this new content should you wish to keep your skills up-to-date. Finance professionals need to demonstrate that they understand and can apply ethical and professional behaviour in real-world work situations. 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. 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). 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 this case the organisation keeps its tried and tested products but aims to apply them to different market segments. Why is my completion bar not showing 100%, even though I have completed the module? I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. The presentation analyses the strategic options. I showed it to my ACCA tutor and she agreed with my answers. ), Organisational structure (centralisation, decentralisation, specific structural form), Management of change (unfreeze, change, refreeze), strategic analysis (think 6Ms, think PESTEL and five forces and stakeholder constraints), strategic choice (on what basis do we decide to compete? 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). 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? Ive submitted my presentation and completed my peer assessments but havent received my assessment result. https://i.postimg.cc/gchnQzHg/Analying-the-6-strategic-options-Screen-4.png Jerome fully understands that the costs incurred in the proposed acquisition involve more than the purchase of the new shops. Thanks in advance. xf 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: Timestamp: 2023-02-27 02:26:44Z. 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. The product change is often the result of changes and modifications to an existing successful product for example, Mars ice cream. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. 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. By nature, he was an entrepreneur who sought growth. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. Course Hero is not sponsored or endorsed by any college or university. 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 module will also support you to exam success at Strategic Professional. 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. There are three main types. In the meantime, please try again. 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. 2. However, for an acquisition of this size, it was obvious that the growth could not be funded internally. Cutting is a key strategy to turnaround of december, 2019 top posts 2019. help Reddit coins premium. Advertisement Coins. You could also share them with your PER mentor to demonstrate achievement towards your performance objectives. Seek to set up production facilities for mass production as these will facilitate the economies of scale advantages to be achieved. This is an alternative to the present product and builds on present knowledge and skills. OUR LIQUIDITY POSITION DOES NOT DETORIATE. . Unit 8: Integrated Case Study Topic 8: Strategic Planning, Hi Rupesh, i am stuck at this step- the answer to the 6 strategic options, would you be so kind to share with me your findingsstrugling to undertsand what the qs are asking of memany thanks. Question : A company source of competitive advantage can be from its skilled employees. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. 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. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM.. eh. Valheim . At about this time another chain of 15 sports shops became available for purchase. Negotiation may also be appropriate if there are large group stakeholders such as a trade union. OUR LIQUIDITY POSITION DOES NOT DETORIATE. Write a brief report about the article.. Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. This has meant that the material imports from CETA have become significantly more expensive. A development into activities concerned with a companys outputs also called downstream integration for example, move down the supply chain into distribution activities. Seek to obtain favourable access to sources of raw materials. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 1. Which direction should we choose? Sample ACCA exam 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. There's always something to worry about - do you know what it is? To truly differentiate yourself we must understand the product or service offered and the customer to whom you are selling it. Product development The following 6 options have been identified by the Strategy Development sub-committee. We will show this in a previous exam question later. 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. txt) or read online for free. 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. Market share can be enhanced by such techniques as improved quality, productivity or increased marketing activity. Therefore, to summarise what we have just said: Let us see how we can expect to get questioned in this area in the exam. This will increase the current sales value by 10% and the materials costs will remain at 30% of sales for this additional output. Management of change 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. 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. The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. Jerome saw that the market was becoming so competitive that even small and specialist markets were proving to be vulnerable. Differentiation Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. 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. Prove you're an accountant for all our futures. 2021 EPSM changes. Unit 8 Strategic Options Presentation PDF. This would cost $240,000 in additional development costs to convert and create spare capacity, but will open a completely new higher value market for Telford Engineering, increasing the current sales value by 20%. Does it build on identified strengths and exploit opportunities? 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