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. Thanks. whats app +923170004562 for any helpEPSM ans. It is totally upto you how much or less detail you wanna give. Write a brief report about the article.. 3. Jerome has also decided to tackle the problem of marketing and, in particular, promotion. 0 coins. Differentiation Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. There's always something to worry about - do you know what it is? Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. Epsm Unit 8 Module . 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. There is a one off cost for the module, with no resit fees. (Internal, external, joint venture. Create an account to follow your favorite communities and start taking part in conversations. The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE. Press question mark to learn the rest of the keyboard shortcuts. This is very similar to the approach youll be required to take at Strategic Professional exams. Market development I'm struggling with this section. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The firm will not market its products industry-wide but will concentrate on a particular type of buyer or geographical area. 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. ACCA Peer Assessment - Association of Chartered Certified Accountants 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 ), Which direction should we choose? A useful framework to apply when considering the appropriateness of an option is: Suitability 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. can any assist? Amy Poehler. 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. kwik trip leadership team condos for rent in, ! 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. (Porters generic strategies. 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. Find out more about what this means and how peer assessment will support your learning. 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. Yes Please. DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. Press J to jump to the feed. 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. 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. All you need to remember is the key steps of strategic analysis, choice and implementation. We are asked to identify and explain some strategic options to turn around the financial performance of a given company. This is an alternative to the present product and builds on present knowledge and skills. To truly differentiate yourself we must understand the product or service offered and the customer to whom you are selling it. This will increase the current sales value by 10% and the materials costs will remain at 30% of sales for this additional output. The presentation analyses the strategic options. For more information on the syllabus and structure read our EPSM syllabus guide. We therefore recommend you complete the module towards the end of completing your Applied Skills exams and before attempting any Strategic Professional exams. Sell out/withdraw from the market This involves increasing the market share in the current market with the current product. 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. 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. Diversification This has meant that the material imports from CETA have become significantly more expensive. The global body for professional accountants, Can't find your location/region listed? OUR LIQUIDITY POSITION DOES NOT DETORIATE. The benefit of the feedback received is that you can identify where you underperformed and can work on weaker areas before resubmitting your work. In the meantime, please try again. Set out to be the lowest cost producer in an industry. 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. 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. The following questions need to be addressed about the strategic options: Feasibility Professional skills are specific skills that you generally acquire through work-place experience for example team-working, communication, negotiation ability. undertaken to deliver value to customers. In Table 1 is a summary of the figures that have been prepared by Jeromes accountant for discussion. Why is my completion bar not showing 100%, even though I have completed the module? Remember that in the exam it is unlikely that you are going to get a question that asks you to regurgitate the information on strategic choice in the way in which I have just explained to you. This is the most risky of the product market strategies as it involves the introduction of a totally new product in a new market. ACCA EPSM Peer Assesment. View community ranking In the Top 5% of largest communities on Reddit. Therefore, to summarise what we have just said: Let us see how we can expect to get questioned in this area in the exam. These shop managers were remunerated partly by a basic salary and partly by a sales-related performance bonus, which could be up to 40% of their basic salary. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. 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 issue of feasibility evaluates whether the chosen strategy can be implemented successfully. How are we going to achieve the chosen direction? Stuck at unit 8 strategic options questions. Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. This would mean that all current spare capacity could be committed to this additional product. 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. To find out the cost of the module please visit our pricing page. A formal agreement between two or more organisations to undertake a new venture together for example, Airbus (spreading of cost). The system will then randomly allocate you five presentations that have been completed by other students. Joint development 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. can u help me?pleaseee. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. A development into the business that inputs into the present business for example, move up the supply chain into raw material inputs. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. #NEW TO ACCA June 9th 2020 AN ACCA USER Retagged June 9th 2020 Login to answer This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. Prove you're an accountant for all our futures. By being grounded in real business examples and covering the full range of advanced ethical and professional skills, the Ethics and . SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . I'm stuck on this one too, did you work it out yet? 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. I have no idea how to solve the below questions, please someone help? A criticism of the stores when Jeromes father was in charge was that they were often short of stock. 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. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. ), 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? Questions will normally touch on some part of the process we have described and if you have an in-depth understanding of everything that we have covered you will be able to construct much more comprehensive arguments in the exam. 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. 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. A useful model of change to remember is Kurt Lewins three-step model, which involved: Unfreeze You should also look at the Change Kaleidoscope and Cultural Web. January 5, 2020 at 4:52 . Seek to set up production facilities for mass production as these will facilitate the economies of scale advantages to be achieved. 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