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. Ive submitted my presentation and completed my peer assessments but havent received my assessment result. Is it industry-wide or is it restricted to a specific niche? The following questions need to be addressed about the strategic options: Feasibility This is an alternative to the present product and builds on present knowledge and skills. 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. 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. 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. Set out to be the lowest cost producer in an industry. Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. (Use the internal, external or joint venture model for inspiration). The answers to these two choices leave the organisation faced with three generic strategies, which are defined as: 1. How does EPSM support me in passing Strategic Professional exams? View community ranking In the Top 5% of largest communities on Reddit. 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. 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. Budgets and other performance management tools are likely to be used here. Finance professionals need to demonstrate that they understand and can apply ethical and professional behaviour in real-world work situations. OUR LIQUIDITY POSITION DOES NOT DETORIATE. Find out more about what this means and how peer assessment will support your learning. I have no idea how to solve the below questions, please someone help? 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. Question 1 (a) Jerome Gulsands father was a great believer in the decentralisation of both operations and decision making. 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. Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? 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. 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. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. Yes Please. A criticism of the stores when Jeromes father was in charge was that they were often short of stock. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. Market development . 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. 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. Press question mark to learn the rest of the keyboard shortcuts. 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. 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. It is totally upto you how much or less detail you wanna give. 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. Please visit our global website instead. Change I've spent 4 days trying to answer this question. 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. Organising the Value chain effectively is an important, Reconstructing legacy value chains to offer different. However, Jerome was convinced that this was too good an opportunity to miss. 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. All you need to remember is the key steps of strategic analysis, choice and implementation. Concentrate on productivity objectives and constantly seek to improve efficiency and economy for example, value chain analysis. After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. Explain the FIVE (5) Competitive Forces toward your selected. 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. Any ideas on what this can be and how much detail we go into? Recognising that the current system of product ordering is delegated to individual store managers, he proposes to provide a centralised purchasing function based upon a warehouse owned and controlled by Sportak. By concentrating on a limited range of products or a small geographical area, the costs can be kept low. Set out to be the lowest cost producer in an industry. please help. I'm struggling with this section. Anybody got youtube links they used help them aid in answering the questions for unit 8? What are professional skills and why are these important? Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. Jerome was impatient with the lack of growth. 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. Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. Sample ACCA exam By being grounded in real business examples and covering the full range of advanced ethical and professional skills, the Ethics and . 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? These methods of operation were satisfactory while the company was operating in a steady growth environment. These shops are clustered in the south of the country. 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. Minimise overhead costs by exploiting bargaining power. Participation with employees affected by the change, so that they feel more of a sense of ownership. 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. Uploaded By Ratings 83% (6) This preview shows page 1 - 2 out of pages. Organisational structure For more information on the syllabus and structure read our EPSM syllabus guide. ), 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? What happens if I was not successful at my attempt at the peer assessment exercise? In Table 1 is a summary of the figures that have been prepared by Jeromes accountant for discussion. Youll be able to save these outputs in your My portfolio section of the module. (Internal, external, joint venture. whats app +923170004562 for any helpEPSM ans. 3. 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 (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 Part (b) would be best answered by mixing common sense with the key issues from strategic analysis, strategic choice and strategic implementation. acca @iabcentre. The product change is often the result of changes and modifications to an existing successful product for example, Mars ice cream. can any assist? Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Acceptability Invest in the latest technology improved quality means less labour needed. Forecasts of immediate future sales appear to be attractive. 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? Which direction should we choose? Cost leadership. Sell out/withdraw from the market This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). How are we going to achieve the chosen direction? 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. 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. (Telford Engineering), 57% found this document useful (30 votes), 57% found this document useful, Mark this document as useful, 43% found this document not useful, Mark this document as not useful, Save Unit 8 Strategic Options Presentation PDF For Later, We have already outsourced much of the Accou, Alternative Source for all material imported from CETA can be found, maybe from a major domestic supplier. (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. 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. 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. I'm stuck on this one too, did you work it out yet? Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams - Get your BPP Discount Code >> EPSM Unit 8 ACCA Peer Assessment - Association of Chartered Certified Accountants (c) Acting in the position of Jerome Gulsands accountant, and using the financial data provided and the intentions developed by Jerome, assess the viability of the strategy that has been proposed by him. Unit 8 Strategic Options Presentation PDF. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM.. eh. The company sells a wide range of sports equipment such as golf clubs, tennis, skiing equipment, soccer and other sports equipment. This would mean that all current spare capacity could be committed to this additional product. https://i.postimg.cc/gchnQzHg/Analying-the-6-strategic-options-Screen-4.png STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. 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. 2021 EPSM changes. EPSM -Strategic options on Unit 8- Integrated Case Study. Hi can anyone help me on this? 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. Diversification You will be asked to prepare and upload your presentation to the Peer Assessment Point in Unit 8, section 8. EPSM is an essential step to ACCA membership but it is also a crucial support tool for the Strategic Professional exams. Differentiation focus: Select a particular niche and concentrate on competing in that niche on the basis of differentiation for example, luxury goods. 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. Cost leadership Jerome recognised that during this period of change Sportak might lose a number of its key shop managers. Once a student has paid for the module they will be able to do the assessment multiple times and have unlimited access to the module content. Course Hero is not sponsored or endorsed by any college or university. 3. A useful model of change to remember is Kurt Lewins three-step model, which involved: Unfreeze 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. The final issue to address is whether the selected strategy will meet the expectations of the key stakeholders in the firm and typical issues to be looked at would include the level of risk and return resulting from the option. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. 0 coins. 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. 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. 1 ( a ) Jerome Gulsands father was in charge was that they were often short of stock immediate! 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