EPSM Unit 8- Strategic Options.pptx - STRATEGIC OPTIONS IDENTIFIED BY THE SUB-COMMITTE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY EPSM Unit 8- Strategic Options.pptx - STRATEGIC OPTIONS. The following questions need to be addressed about the strategic options: Feasibility Organising the Value chain effectively is an important, Reconstructing legacy value chains to offer different. Joint development 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. Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? Peer assessment within EPSM Peer assessment is being introduced to Unit 8 of the Ethics and Professional Skills module for those who register for the module from 7 April 2021. 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. For the change to take place the existing equilibrium must be broken down before a new one can be adopted. 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. Change Growth, using other peoples money, has its advantages, but it did not appeal to Jerome. The EPSM helps you develop these practical real-world skills so you can make an impact from day one in organisations. Jerome was impatient with the lack of growth. Internal development Summary. 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. an important part of continuous improvement. I am struggling with Telford Engineering questions, i can get Q3 and Q4any help with the rest will be much appreciated. I've spent 4 days trying to answer this question. OUR LIQUIDITY POSITION DOES NOT DETORIATE. Please visit our global website instead. Epsm Unit 8 Module . 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. I have no idea how to solve the below questions, please someone help? This post has been reported and hidden 58 student(s) online now Back to Posts Therefore, to summarise what we have just said: Let us see how we can expect to get questioned in this area in the exam. The same peer review process is then repeated with another virtual peer assessment group. However, for an acquisition of this size, it was obvious that the growth could not be funded internally. 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. Cost leadership ACCA EPSM Peer Assesment. Focus The following 6 options have been identified by the Strategy Development sub-committee. Provide examples to justify your arguments. 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. 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. eazybi calculated member filter. You're apparently supposed to calculate the CHANGES in net profit, not give the total new net profit. 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. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. Differentiation focus: Select a particular niche and concentrate on competing in that niche on the basis of differentiation for example, luxury goods. ACCA Ethics Module - Unit 8 You peer review and rate the presentations of five peers, 3. You will be asked to prepare and upload your presentation to the Peer Assessment Point in Unit 8, section 8. Jerome fully understands that the costs incurred in the proposed acquisition involve more than the purchase of the new shops. Course Hero is not sponsored or endorsed by any college or university. Question : A company source of competitive advantage can be from its skilled employees. Seek to set up production facilities for mass production as these will facilitate the economies of scale advantages to be achieved. Suitability identifies the extent to which the proposed strategy enhances the situation identified in the strategic analysis. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. January 5, 2020 at 4:52 . Sports personalities will be paid to appear in all stores, which will have to be re-equipped. Or. To find out the cost of the module please visit our pricing page. If I have completed the old Professional Ethics Module do I still need to complete the Ethics and Professional Skills module? Part 2 adopts a similar simplification approach to the issues of strategic choice and strategic implementation. 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. A useful model of change to remember is Kurt Lewins three-step model, which involved: Unfreeze Could anyone give an example of the strategic options that Telford engineering should consider. 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. All you need to remember is the key steps of strategic analysis, choice and implementation. 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This is very similar to the approach youll be required to take at Strategic Professional exams. It is totally upto you how much or less detail you wanna give. There is a one off cost for the module, with no resit fees. You will receive a Certificate of achievement. This may be followed so as to maximise the return on a business that may be at the top of its cycle and, hence, will be in line with the goal of maximisation of cash flows. Explain how Thomas Cook management can "use of aggressive accounting methods to flatter its financial performance"? Please visit our global website instead, Can't find your location listed? Which direction should we choose? He wanted a more hands-on approach. Write a brief report about the article.. 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. Press question mark to learn the rest of the keyboard shortcuts. Find out more about what this means and how peer assessment will support your learning. Over the next 25 years the company grew steadily. For more information on the syllabus and structure read our EPSM syllabus guide. can u help me?pleaseee. It was at this time that Jerome took over the company from his father. By nature, he was an entrepreneur who sought growth. Cost leadership. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM. (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. The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. Valheim . How are we going to achieve the chosen direction? In the meantime, please try again. Unit 8 Strategic Options Presentation PDF. A criticism of the stores when Jeromes father was in charge was that they were often short of stock. 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. This is an alternative to the present product and builds on present knowledge and skills. WE HAVE ALREADY OUTSOURCED MUCH OF THE ACCOUNTING. Ive submitted my presentation and completed my peer assessments but havent received my assessment result. This would cost $240,000 in additional development costs to convert and create spare capacity, but will open a completely new higher value market for Telford Engineering, increasing the current sales value by 20%. It helps focus your thinking on real world work scenarios, developing your understanding and skills on how to approach the challenges presented. Very similar to the peer assessment Point in Unit 8 you peer review and rate the presentations of peers. In charge was that they were often short of stock Q4any help the! Can be from its skilled employees course Hero is not sponsored or endorsed by any college or.! Our SHORT-TERM OBLIGATION and ENSURE in net profit, not give the total new net profit Point Unit. 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