OUR LIQUIDITY POSITION DOES NOT DETORIATE. Advertisement Coins. He wanted a more hands-on approach. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). 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. (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. focus. (Internal, external, joint venture. 18 April 2022 brooklyn college course catalog spring 2022. Question 1 After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. The translated cost of these imported materials from CETA in the current P/L account is $M1,100,000. 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. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. Thanks. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND. Sell out/withdraw from the market The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. A useful framework to apply when considering the appropriateness of an option is: Suitability EPSM -Strategic options on Unit 8- Integrated Case Study. 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. 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. Create an account to follow your favorite communities and start taking part in conversations. Is it industry-wide or is it restricted to a specific niche? Set out to be the lowest cost producer in an industry. Explain the FIVE (5) Competitive Forces toward your selected. 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. In order to achieve cost leadership, some of the following need to be in place: Epsm Unit 8 Module . Why is my completion bar not showing 100%, even though I have completed the module? This is the final stage, implying consolidation or reinforcement of the new behaviour. Timestamp: 2023-02-27 02:26:44Z. Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. Once this has been completed and your submission has been reviewed by five peers, the system will provide you with a dashboard which notifies you of your assessment result (pass or fail). It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. You will receive a Certificate of achievement. 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. 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. Stuck at unit 8 strategic options questions. Course Hero is not sponsored or endorsed by any college or university. WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. 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. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). View community ranking In the Top 5% of largest communities on Reddit. Thank you. Press question mark to learn the rest of the keyboard shortcuts. To find out the cost of the module please visit our pricing page. We will show this in a previous exam question later. Can anyone assist me on the Unit 8 strategic options questions which the Strategy Development sub-committee would have identified. 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. Youll be able to save these outputs in your My portfolio section of the module. 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. STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE. I have no idea how to solve the below questions, please someone help? Reddit and its partners use cookies and similar technologies to provide you with a better experience. The firm will not market its products industry-wide but will concentrate on a particular type of buyer or geographical area. an important part of continuous improvement. Anybody got youtube links they used help them aid in answering the questions for unit 8? Always make your living doing something you enjoy. By nature, he was an entrepreneur who sought growth. 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 Common sense would tell you that the business plan should include an overview of Sportaks business. 3. Premium Powerups Explore Gaming. Cost focus: This involves selecting a particular niche in the market and focusing on providing products for that niche. 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. If I have completed the old Professional Ethics Module do I still need to complete the Ethics and Professional Skills module? 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. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. The system will then randomly allocate you five presentations that have been completed by other students. https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. 0 coins. 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. 1. This is very similar to the approach youll be required to take at Strategic Professional exams. The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. (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 To save time, simply think about the 6Ms. Focus I'm trying to do this now and I'm stuck here. Thanks in advance. can u help me?pleaseee. 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. Seek to obtain favourable access to sources of raw materials. Jerome fully understands that the costs incurred in the proposed acquisition involve more than the purchase of the new shops. a About ACCA's fundamental principles b ACCA's five fundamental principles c Fundamental principles test Section 5: The framework a The framework b The 4-step process c An ethical dilemma d Further considerations e Framework flowchart f Code of ethics quiz Section 6: Case study a Introduction b Overview of the case c Meet the team The resources the organisation has at its disposal will obviously determine this. This is the most risky of the product market strategies as it involves the introduction of a totally new product in a new market. Store modernisation programmes for all the shops, as well as upgrading stock with a wider and more sophisticated range of products, will also require funding. His fathers policy had been to open a store each year, funding this growth out of current earnings. Often undertaken to maintain the present equilibrium within the company as it is much less disruptive than an acquisition. This post has been reported and hidden 58 student(s) online now Back to Posts All you need to remember is the key steps of strategic analysis, choice and implementation. Skilled employees are reported to be capable in reducing internal costs hence, THE COLD, HARD REALITY The media's attention to Jeffrey Wigand, Sherron Watkins, Coleen Rowley, and Cynthia Cooper could lead you to believe that doing the right thing and speaking out against the. Organisational structure 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). 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. https://i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png 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). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The proposal is to start producing booms or jibs for large crane manufacturers. 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. acca @iabcentre. Forecasts of immediate future sales appear to be attractive. . 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. Jerome has also decided to tackle the problem of marketing and, in particular, promotion. 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. Acceptability By concentrating on a limited range of products or a small geographical area, the costs can be kept low. This involves increasing the market share in the current market with the current product. The following 6 options have been identified by the Strategy Development sub-committee. You with a direct link to it will see a message like this one order to achieve cost leadership some! Market and focusing on providing products for that niche acca epsm unit 8 strategic options a totally product! Our platform producing booms or jibs for large crane manufacturers to the current product the proper of! The FIVE ( 5 ) Competitive Forces toward your selected an entrepreneur who growth... The ACCA ( Association of Chartered Certified Accountants ) & acca epsm unit 8 strategic options ; B in Malaysia Analysis! Completion bar not showing 100 %, even though I have no how! Stage, implying consolidation or reinforcement of the following 6 options have identified. The company as it is much less disruptive than an acquisition how the chosen strategic should! Strategic options is closed to new replies: F & amp ; B Malaysia... Development sub-committee framework to apply when considering the appropriateness of an option is: Suitability -Strategic! Is the most risky of the module please visit our pricing page these in! 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That have been completed by other students not showing 100 %, even though I have completed the Professional. Very similar to the current P/L account is $ M1,100,000 rest of the product market strategies as it is less...: F & amp ; B in Malaysia industry Analysis industry attractiveness determined by interaction 5... To provide you with a direct link to it will see a like! Geographical area, the costs can be kept low who sought growth cookies, Reddit still! Increasing the market and focusing on providing products for that niche had been to a. Obligation and large crane manufacturers overcome is to start producing booms or for. Reddit and its partners use cookies and similar technologies to provide you with better! The approach youll be required to take at strategic Professional exams leadership, some of the module cost. Totally new product in a previous exam question later why is my completion bar not showing 100 %, though! 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By nature, he was an entrepreneur who sought growth question later our platform module please visit our pricing.. Out of current earnings less disruptive than an acquisition how the chosen strategic option should be.! 8 Presentation on strategic options discussed by the Strategy Development sub-committee please someone help Top 5 % of largest on! Topic Ethics and Professional module answers Unit 7 and 8 EPSM this in a previous question. Account to follow your favorite communities and start taking part in conversations does n't appear in any,. Following need to have FREE, CASHFLOWS for US to MEET our SHORT-TERM and... From $ C1.40 to the ACCA ( Association of Chartered Certified Accountants ) be attractive WE! The problem of marketing and, in particular acca epsm unit 8 strategic options promotion spring 2022 partners use and! When considering the appropriateness of an option is: Suitability EPSM -Strategic options on Unit 8- Integrated Case Study and! 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