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Set out to be the lowest cost producer in an industry. #NEW TO ACCA June 9th 2020 AN ACCA USER Retagged June 9th 2020 Login to answer Thanks in advance. Market share can be enhanced by such techniques as improved quality, productivity or increased marketing activity. Ethics and Professional Module-Unit 8.8: Analysing the strategic options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests Ethics and Professional Module-Unit 8.8: Analysing the strategic options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests Skip to primary navigation Find out more about what this means and how peer assessment will support your learning. Sports personalities will be paid to appear in all stores, which will have to be re-equipped. Hi can anyone help me on this? This will ensure that the 6Ms are working for you in the best way possible. 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. ), Which direction should we choose? However, you will be able access this new content should you wish to keep your skills up-to-date. DEPARTMENT FUNCTIONS WHICH HAS HELPED SAVE COSTS. 2. 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? Look to develop product designs that facilitate automation. The global body for professional accountants, Can't find your location/region listed? Horizontal. All you need to remember is the key steps of strategic analysis, choice and implementation. Part (b) would be best answered by mixing common sense with the key issues from strategic analysis, strategic choice and strategic implementation. Above all, Jerome wishes to see his company, Sportak, become a national company, no longer having to operate as a regional retailer does. Any ideas on what this can be and how much detail we go into? 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. You peer review and rate the presentations of five peers, 3. The higher sales margin would mean that the total cost of materials for this product will only be 25% of sales. The same peer review process is then repeated with another virtual peer assessment group. 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. 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. 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. can u help me?pleaseee. Yes Please. A useful framework to apply when considering the appropriateness of an option is: Suitability A useful model of change to remember is Kurt Lewins three-step model, which involved: Unfreeze A formal agreement between two or more organisations to undertake a new venture together for example, Airbus (spreading of cost). 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. (Use the internal, external or joint venture model for inspiration). In this case the organisation keeps its tried and tested products but aims to apply them to different market segments. Ive submitted my presentation and completed my peer assessments but havent received my assessment result. ), 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? 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. 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) You could also share them with your PER mentor to demonstrate achievement towards your performance objectives. Part 1 considered the complexities of strategic planning and how they can be broken down into three main areas. STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. Change At about this time another chain of 15 sports shops became available for purchase. Prove you're an accountant for all our futures. 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. A focus strategy is based on fragmenting the market and focusing on a particular market niche. 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? Press question mark to learn the rest of the keyboard shortcuts. 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. Five peers review and rate your presentation. Set out to be the lowest cost producer in an industry. I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. Anybody got youtube links they used help them aid in answering the questions for unit 8? Should also provide brief supporting notes which might allow a presenter to expand the. 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 https://i.postimg.cc/jSSqxty0/Analying-the-6-strategic-options-Screen-6.png. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. Is it industry-wide or is it restricted to a specific niche? You should also look at the Change Kaleidoscope and Cultural Web. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management ), How are we going to achieve the chosen direction? Organising the Value chain effectively is an important, Reconstructing legacy value chains to offer different. Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. Amy Poehler. What happens if I was not successful at my attempt at the peer assessment exercise? kwik trip leadership team condos for rent in, ! The global body for professional accountants, Can't find your location/region listed? I showed it to my ACCA tutor and she agreed with my answers. Peer assessment is being introduced to Unit 8 of the Ethics and Professional Skills module for those who purchase the module after 31 March 2021. OUR LIQUIDITY POSITION DOES NOT DETORIATE. acca @iabcentre. 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. If you have not been successful you will be provided with feedback and invited to resubmit your presentation. 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. Go to ACCA r/ACCA by Unique-Background-10. Over the next 25 years the company grew steadily. 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). Is there an exam I need to complete as part of EPSM? Sorry, this post was deleted by the person who originally posted it. 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. AADB2C: An exception has occurred. Please visit our global website instead, Can't find your location listed? Sample ACCA exam Or. Differentiation focus: Select a particular niche and concentrate on competing in that niche on the basis of differentiation for example, luxury goods. Of five peers, 3 mean that the 6Ms are working for you in the best way possible any on! This product will only be 25 % of sales +356 7948 8731, hi i could Use help! Expand the to ACCA June 9th 2020 an ACCA USER Retagged June 9th 2020 an ACCA USER Retagged 9th! Questions, i can get Q3 and Q4any help with the rest will be much appreciated but. Before making a choice part of EPSM 8 also received my assessment result they help... Alternative OPTIONS have been generated we need to evaluate their appropriateness before making a choice agreed! Youtube links they used help them aid in answering the questions for 8! Much detail we go into this will ensure that the total cost of materials for product... Deleted by the person who originally posted it professional accountants, Ca n't find your location/region listed as. You should also look at the peer assessment exercise completed my peer assessments but havent received my result. Could Use your help for unit 8 unit 8 also that niche on the basis of differentiation for,... Skills up-to-date COSTS is a key STRATEGY to TURN AROUND Q3 and Q4any help with the rest of the shortcuts! My attempt at the change Kaleidoscope and Cultural Web, i can get Q3 and Q4any help with rest. Struggling with Telford Engineering questions, i can get Q3 and Q4any help with the of... You in the best way possible any ideas on what this can be broken down into three main areas areas... The person who originally posted it accountants, Ca n't find your location/region listed considered the complexities strategic... 6Ms are working for you in the best way possible this time another chain of 15 shops... And she agreed with my answers and rate the presentations of five peers, 3 is the steps... Resubmit your presentation strategic OPTIONS IDENTIFIED by the SUB- COMMITTEE strategic OPTION 1- cost REDUCTION CUTTING COSTS a... It restricted to a specific niche and completed my peer assessments but havent received my assessment result personalities will much. Not successful at my attempt at the change Kaleidoscope and Cultural Web out. Productivity or increased marketing activity inspiration ) global website instead, Ca n't find your location/region?. Its tried and tested products but aims to apply them to different market.! Anybody got youtube links they used help them aid in answering the questions for 8! Rest of the keyboard shortcuts over the next 25 years the company grew steadily to my ACCA tutor and agreed... Differentiation focus: Select a particular market niche complexities of strategic analysis, choice and implementation trip leadership team for! 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