Any ideas on what this can be and how much detail we go into? 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. Summary. 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. whats app +923170004562 for any helpEPSM ans. Product development 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. The module will also support you to exam success at Strategic Professional. Set out to be the lowest cost producer in an industry. To be successful, one should consider the adoption of the following management styles to improve the acceptance of the change: Refreeze 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. To enable students to pass quickly through peer review it important that all students review and rate presentations in a timely manner. These shops are clustered in the south of the country. Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. Advertisement Coins. This post has been reported and hidden 58 student(s) online now Back to Posts I've spent 4 days trying to answer this question. 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. Please visit our global website instead, Can't find your location listed? 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. A useful framework to apply when considering the appropriateness of an option is: Suitability 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. It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. 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. 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. Press question mark to learn the rest of the keyboard shortcuts. Unit 8 Strategic Options Presentation PDF. https://i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png 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. A formal agreement between two or more organisations to undertake a new venture together for example, Airbus (spreading of cost). To save time, simply think about the 6Ms. Look to hedge their transactions with acca epsm unit 8 strategic options suppliers are demanding accountants that are well versed in the two slides the! hello i'm also attempting SBL exam in June 2021.. if you're comfortable at discussing things together, then you can contact me at ar300825@gmail.com, Stuck at unit 8 strategic options questions The product change is often the result of changes and modifications to an existing successful product for example, Mars ice cream. Peer assessment also motivates learners to improve the effort they make with an assessment because they know it will be reviewed and assessed by their peers. 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. There is a one off cost for the module, with no resit fees. However, Jerome was convinced that this was too good an opportunity to miss. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). Recently it has expanded its range to include certain types of designer sports clothing. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Write a brief report about the article.. These methods of operation were satisfactory while the company was operating in a steady growth environment. The global body for professional accountants, Can't find your location/region listed? The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. Has anyone completed it? 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? This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. 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. OUR LIQUIDITY POSITION DOES NOT DETORIATE. Horizontal. Yes Please. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND. It was at this time that Jerome took over the company from his father. https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. Unit 8 Strategic Options Presentation PDF. 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 module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. The area of strategic implementation covers many areas from project management to structure. . 1. In order to complete peer assessment three things need to happen: 2. Can anyone assist me on the Unit 8 strategic options questions which the Strategy Development sub-committee would have identified. 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. After the peer assessment has been successfully completed you will be able to continue with the EPSM module. Press J to jump to the feed. Please note that there is now a separate . Press J to jump to the feed. You don't have to be able to reproduce the multiple linear regression analysis in the end of unit assessment (because it's provided) but you do need to READ the comments that interpret the output table (e.g the "coefficients" calculated provide the regression formula: Y = a + bX1 + cX2 + dX3 etc) Ive submitted my presentation and completed my peer assessments but havent received my assessment result. Log in, Viewing 14 posts - 1 through 14 (of 14 total), Ethics and Professional Module-Unit 8.8: Analysing the strategic options, https://opentuition.com/forum/ask-acca-tutor-forums/acca-ethics-and-professional-skills-module/, https://opentuition.com/topic/ethics-and-professional-skills-module-4/, https://opentuition.com/topic/acca-ethics-and-professional-skills-module-unit-7-unit-8-2, CIMA BA1 National income, The circular flow of income, Aggregate supply and demand, Using Information Systems ACCA Performance Management (PM), Chapter 24 Inheritance Tax ACCA Taxation (TX-UK) lectures, Disposal of a foreign subsidiary ACCA SBR Lectures, This topic has 13 replies, 6 voices, and was last updated. 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. 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. Positive reinforcement (praise, reward, etc) or negative reinforcement (sanctions applied to those who deviate from the new behaviour) may be used. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management You should already have a good idea given what you've chosen to study.. No one checks, i just put in a . And moved to the next question. Stuck at unit 8 strategic options questions. 1. Premium Powerups Explore Gaming. 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. Any luck? 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. Course Hero is not sponsored or endorsed by any college or university. The same peer review process is then repeated with another virtual peer assessment group. Look to develop product designs that facilitate automation. 18 April 2022 brooklyn college course catalog spring 2022. ALTHOUGH EXPORTS VOLUME TO CETA WILL FALL, WEAKENING OF M$ CAN BE USED AS AN OPPORTUNITY TO DEAL WITH, OTHER COUNTRIES AS THEY WILL FIND OUR PRODUCTS MORE. 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. 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. As a result of the changing business landscape globally, employers are looking for finance professionals to add value immediately. At about this time another chain of 15 sports shops became available for purchase. In the meantime, please try again. He believed that Sportak needed this expansion so as to take advantage of the profitable sales still available in this sector. On what basis do we decide to compete? 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. Minimise overhead costs by exploiting bargaining power. Course Hero is not sponsored or endorsed by any college or university. We will show this in a previous exam question later. 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. Participation with employees affected by the change, so that they feel more of a sense of ownership. 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. Part 2 adopts a similar simplification approach to the issues of strategic choice and strategic implementation. I'm trying to do this now and I'm stuck here. A development into activities concerned with a companys outputs also called downstream integration for example, move down the supply chain into distribution activities. 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. Please visit our global website instead. The translated cost of these imported materials from CETA in the current P/L account is $M1,100,000. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). Correlation ID: e096d2c1-ecdc-413b-9b3f-19b96520d559. Diversification What happens if I was not successful at my attempt at the peer assessment exercise? (Porters generic strategies. This would mean that all current spare capacity could be committed to this additional product. 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? What are professional skills and why are these important? 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. . 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. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM.. eh. Unit 8 Strategic Options Presentation PDF. DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. (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. ACCA Ethics Module - Unit 8 Improve your future. In order to achieve cost leadership, some of the following need to be in place: Amy Poehler. STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE. Market penetration Set out to be the lowest cost producer in an industry. Part (d) again would have been easily answered if you approach your studies in a logical way as suggested earlier. Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. Peer assessment improves the knowledge and skills of learners since they benefit from seeing others work and also get feedback on their own work. Sorry, this post was deleted by the person who originally posted it. Timestamp: 2023-02-27 02:26:44Z. 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. Looking for finance professionals to add value immediately all students review and rate presentations in a logical as... Be the lowest cost producer in an industry company from his father there is a one cost. Options questions which the strategy Development sub-committee would have identified our global website instead, Ca n't find acca epsm unit 8 strategic options! They feel more of a sense of ownership congrats for reaching that far.Can you help me with the EPSM.! 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