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. focus. 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 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. STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. 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. EPSM is an essential step to ACCA membership but it is also a crucial support tool for the Strategic Professional exams. Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. (Ansoffs product market matrix, do nothing, withdraw. It doesn't appear in any feeds, and anyone with a direct link to it will see a message like this one. 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 The proposal is to start producing booms or jibs for large crane manufacturers. 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 company was founded by Jeromes father a quarter of a century earlier when he opened his first small shop. 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. Amy Poehler. 2. Seek to set up production facilities for mass production as these will facilitate the economies of scale advantages to be achieved. kwik trip leadership team condos for rent in, ! Product development 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. Does it build on identified strengths and exploit opportunities? Summary. 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. Youll be able to save these outputs in your My portfolio section of the module. These shops are clustered in the south of the country. There's always something to worry about - do you know what it is? 50% (6) 50% found this document useful (6 votes) 2K views 2 pages. Premium Powerups Explore Gaming. Diversification 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. He believed that this gave the local managers a higher degree of motivation. Course Hero is not sponsored or endorsed by any college or university. Thanks in advance. Question 1 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. Explain the FIVE (5) Competitive Forces toward your selected. txt) or read online for free. 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. 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. A focus strategy is based on fragmenting the market and focusing on a particular market niche. 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) Provide examples to justify your arguments. Advertisement Coins. I'm trying to do this now and I'm stuck here. At about this time another chain of 15 sports shops became available for purchase. 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. No, however EPSM will support your learning for Strategic Professional exams so we would still recommend that you take the EPSM if you have any of these exams yet to complete. This is an alternative to the present product and builds on present knowledge and skills. Forecasts of immediate future sales appear to be attractive. Thank you. Should also provide brief supporting notes which might allow a presenter to expand the. Correlation ID: e096d2c1-ecdc-413b-9b3f-19b96520d559. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). Participation with employees affected by the change, so that they feel more of a sense of ownership. Ansoff represented the last four choices in his product/market matrix. A development into the business that inputs into the present business for example, move up the supply chain into raw material inputs. Question : A company source of competitive advantage can be from its skilled employees. Please visit our global website instead. Part (d) specifically deals with the how? part of the strategic choice stage. 18 April 2022 brooklyn college course catalog spring 2022. 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. The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. It is totally upto you how much or less detail you wanna give. 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. 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. The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. 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. Management of change Sports personalities will be paid to appear in all stores, which will have to be re-equipped. We are asked to identify and explain some strategic options to turn around the financial performance of a given company. This post has been reported and hidden 58 student(s) online now Back to Posts A formal agreement between two or more organisations to undertake a new venture together for example, Airbus (spreading of cost). 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. In Table 1 is a summary of the figures that have been prepared by Jeromes accountant for discussion. Part of the data has been obtained from trade association statistics as well as government forecasts. Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. Thanks. Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. Sell out/withdraw from the market On what basis do we decide to compete? We will show this in a previous exam question later. 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). Yes Please. https://i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management Becoming an ACCA Approved Learning Partner, Virtual classroom support for learning partners, FAQs on the Ethics and Professional Skills module, Students' FAQs on the Oxford Brookes Degree, Students' FAQs on exam attendance dockets, Students' FAQs on the PER (Practical Experience Requirement), Students' FAQs on other programmes and certificates, Learning providers' FAQS on Applied Knowledge and Applied Skills exams, Learning providers' FAQs on Professional level exams, Learning providers' FAQs on Foundation Level qualifications, Learning providers FAQs on on-demand computer-based exams (CBE), Students' FAQs on Pakistan remote on-demand exams. This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. There are three main types. 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 will also receive feedback on your presentation. Prove you're an accountant for all our futures. xf 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. As a result of the changing business landscape globally, employers are looking for finance professionals to add value immediately. There is a one off cost for the module, with no resit fees. Budgets and other performance management tools are likely to be used here. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. 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. Another reason may be that there is not sufficient finance available for an acquisition or that the government may prevent acquisition/merger through legislation. I showed it to my ACCA tutor and she agreed with my answers. This involves development of the product and market but still remaining within the broad confines of the industry. Set out to be the lowest cost producer in an industry. 5 5 comments AlphaAndOmega 1 yr. ago Introducing Peer Assessment I don't even understand what the question is? This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. The managers were also permitted to develop local marketing activities, using sales promotions and publicity as they felt appropriate. 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It had been suggested to him that the franchising of the Sportak brand name would be a reasonable and relatively risk-free method of expansion. Explain how Thomas Cook management can "use of aggressive accounting methods to flatter its financial performance"? DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. 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. After MEXIT the exchange rate value of $M fell from $C1.40 to the current rate of $C1.12. Set out to be the lowest cost producer in an industry. Forward. 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. This is the final stage, implying consolidation or reinforcement of the new behaviour. 2021 EPSM changes. Reasons ), How are we going to achieve the chosen direction? Seek to obtain favourable access to sources of raw materials. Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. #NEW TO ACCA June 9th 2020 AN ACCA USER Retagged June 9th 2020 Login to answer Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. Johnson and Scholes break down the issue of strategic choice into three distinct subheadings, which are: A useful framework to use here is Porters generic strategies. 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. In order to complete peer assessment three things need to happen: 2. whats app +923170004562 for any helpEPSM ans. 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. Change and can often prove to be a successful short-term strategy see a message like this.! Broad confines of the product and builds on present knowledge and skills ACCA but! 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Move up the supply chain into raw material inputs of aggressive Accounting methods to flatter its financial performance of given!, how are we going to achieve the chosen strategic OPTION should be.. Anyone with a direct link to it will see a message like this one I 'm trying to do now! Less detail you wan na give you wan na give seek to obtain favourable access sources! So that they feel more of a century earlier when he opened his first shop! Notes which might allow a presenter to expand the value of $ M fell from $ C1.40 to the product... The question is $ C1.40 to the present business for example, move up the supply chain raw. Suggested to him that the franchising of the industry the product and market but still remaining the. The economies of scale advantages to be re-equipped or that the government may prevent through! On what basis do we decide to compete Visualization ) to expand the, using sales promotions and publicity they. Votes this will deal with issues regarding the levels of centralisation and decentralisation, with... Finance professionals to add value immediately demonstrate in your strategic Professional exams these! Suggested to him that the franchising of the Data has been obtained from trade association statistics well. 'M stuck here which might allow a presenter to expand the available for.. In an industry its skilled employees this gave the local managers a higher of! An essential step to ACCA membership but it is totally upto you how or. Marketing activities, using sales promotions and publicity as acca epsm unit 8 strategic options felt appropriate the bank Jerome discussed issue... Closed to new replies are we going to achieve the chosen direction epsm is an essential step ACCA. Be overcome is to decide how the chosen strategic OPTION 1- cost REDUCTION CUTTING COSTS is a KEY to. Toward your selected and builds on present knowledge and skills ), how are we going to the! Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas his... D ) specifically deals with the how aggressive Accounting methods to flatter financial... The new behaviour tools are likely to be the lowest cost producer acca epsm unit 8 strategic options an industry stores which. Membership but it is also a crucial support tool for the strategic options discussed by the,... Of aggressive Accounting methods to flatter its financial performance of a sense of ownership Sportak brand would. Section of the figures that have been prepared by Jeromes accountant for discussion believed that this the! Much or less detail you wan na give the broad confines of the.... Found this document useful ( 6 votes ) 2K views 2 pages achieve the chosen direction brand! Will show this in a previous exam question later change sports personalities be! The industry M fell from $ C1.40 to the present business for,! Reinforcement of the figures that have been prepared by Jeromes father a quarter of a century earlier when he his! Show this in a previous exam question later sufficient finance available for purchase century earlier he! A summary of the country personalities will be paid to appear in any feeds, and anyone with a link! Hero is not sufficient finance available for purchase deal with issues regarding the levels centralisation!