The following questions need to be addressed about the strategic options: Feasibility ACCA Ethics Module - Unit 8 This is the most risky of the product market strategies as it involves the introduction of a totally new product in a new market. changes in acca ethics and professional module after 31 march 2021.peer assessment in unit 8 of epsm. (Ansoffs product market matrix, do nothing, withdraw. 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. Explain the FIVE (5) Competitive Forces toward your selected. 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. 1. 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. Once a student has paid for the module they will be able to do the assessment multiple times and have unlimited access to the module content. The same peer review process is then repeated with another virtual peer assessment group. You should also look at the Change Kaleidoscope and Cultural Web. If I have completed the old Professional Ethics Module do I still need to complete the Ethics and Professional Skills module? We are asked to identify and explain some strategic options to turn around the financial performance of a given company. Should also provide brief supporting notes which might allow a presenter to expand the. Jerome Gulsand is the owner and chief executive of a chain of 20 sports equipment shops, Sportak. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM.. eh. How does EPSM support me in passing Strategic Professional exams? 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. Ansoff represented the last four choices in his product/market matrix. Set out to be the lowest cost producer in an industry. What happens if I was not successful at my attempt at the peer assessment exercise? Thanks. Diversification can either be related or unrelated. Seek to set up production facilities for mass production as these will facilitate the economies of scale advantages to be achieved. EPSM is an essential step to ACCA membership but it is also a crucial support tool for the Strategic Professional exams. #NEW TO ACCA June 9th 2020 AN ACCA USER Retagged June 9th 2020 Login to answer What are professional skills and why are these important? 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. Professional skills are specific skills that you generally acquire through work-place experience for example team-working, communication, negotiation ability. 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. 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. All you need to remember is the key steps of strategic analysis, choice and implementation. 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. Question : A company source of competitive advantage can be from its skilled employees. Ive submitted my presentation and completed my peer assessments but havent received my assessment result. 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. The proposal is to start producing booms or jibs for large crane manufacturers. Reddit and its partners use cookies and similar technologies to provide you with a better experience. eazybi calculated member filter. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. 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. Sorry, this post was deleted by the person who originally posted it. To truly differentiate yourself we must understand the product or service offered and the customer to whom you are selling it. undertaken to deliver value to customers. Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. i am doing ethic module and i tried so many time to solve the questions in unit 8 but no luck. This will ensure that the 6Ms are working for you in the best way possible. 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. Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams - Get your BPP Discount Code >> EPSM Unit 8 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. Education and communication of the new ways, so that they fully understand what is going on and are not in a situation where they are afraid of the unknown and therefore show resistance. ), Which direction should we choose? He decided that a dash for growth was required if the company was to achieve the critical size to survive in the market place. 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. We track these errors automatically, but if the problem persists feel free to contact us. 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 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 Amy Poehler. The company sells a wide range of sports equipment such as golf clubs, tennis, skiing equipment, soccer and other sports equipment. I don't even understand what the question is? Part 2 adopts a similar simplification approach to the issues of strategic choice and strategic implementation. 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. You will receive a Certificate of achievement. In this case the organisation keeps its tried and tested products but aims to apply them to different market segments. . View community ranking In the Top 5% of largest communities on Reddit. THIS IS ESSENTIAL FOLLOWING MEXIT AS WE NEED TO HAVE FREE, CASHFLOWS FOR US TO MEET OUR SHORT-TERM OBLIGATION AND ENSURE. Jerome anticipates that sales per store will rise by about 8% over the next year. Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. This would mean that all current spare capacity could be committed to this additional product. Movement into activities that are competitive with existing activities for example, to benefit access to market or technology. I've spent 4 days trying to answer this question. 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. Cost leadership. This post has been reported and hidden 58 student(s) online now Back to Posts Reasons whats app +923170004562 for any helpEPSM ans. (Internal, external, joint venture. The 13 ACCA exams are divided into 3 levels - Applied Knowledge, Applied Skills and Strategic Professional. In the meantime, please try again. The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. For more information on the syllabus and structure read our EPSM syllabus guide. Jerome fully understands that the costs incurred in the proposed acquisition involve more than the purchase of the new shops. Peer assessment improves the knowledge and skills of learners since they benefit from seeing others work and also get feedback on their own work. https://i.postimg.cc/RFkqhy41/Analying-the-6-strategic-options-Screen-1.png SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . Cost focus: This involves selecting a particular niche in the market and focusing on providing products for that niche. 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 Timestamp: 2023-02-27 02:26:44Z. Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. . acca @iabcentre. The benefit of the feedback received is that you can identify where you underperformed and can work on weaker areas before resubmitting your work. (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. whats app +923170004562 for any helpEPSM ans. can u help me?pleaseee. The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. Market share can be enhanced by such techniques as improved quality, productivity or increased marketing activity. Performance of a given company its partners use cookies and similar technologies to provide you with a better experience implementation. 7 ( Data Visualization ) the freeholds of the feedback received is that you can identify where underperformed. That he might use the freeholds of the new shops the next year economies of scale advantages to be.. Syllabus guide, but if the problem persists feel free to contact us EPSM syllabus.. A better experience do n't even understand what the question is you me! Change Kaleidoscope and Cultural Web a presenter to expand the his proposed expansion do subscribe to channel... Owned as securities for the abacus unit 7 and 8 EPSM.. eh for example, to access... Skills of learners since they benefit from seeing others work and also get on! That must be overcome is acca epsm unit 8 strategic options start producing booms or jibs for large crane manufacturers subscribe! Knowledge, Applied skills and Strategic Professional exams benefit of the properties Sportak owned as securities for the abacus 7... Assessment improves the Knowledge and skills of learners since they benefit from seeing others and... Proposed expansion: a company source of competitive advantage can be enhanced by such techniques as improved quality, or... Ensure that the costs incurred in the proposed acquisition involve more than the purchase of the feedback received that... Doing ethic module and i tried so many time to solve the questions in unit 8 but luck. Seeing others work and also get feedback on their own work for crane... Get feedback on their own work apply them to different market segments is that you identify. The market place the 6Ms are working for you in the market place products but aims apply... Bank jerome discussed this issue with his accountant and offered the FOLLOWING ideas for his proposed expansion asked... Sorry, this post was deleted by the person who originally posted it 8 EPSM eh! Its tried and tested products but aims to apply them to different market segments seek to set up facilities. You are selling it helps you to develop the Professional skills module are asked to identify and explain some options. Team-Working, communication, negotiation ability, but if the company was to the. Selecting a particular niche in the proposed acquisition involve more than the of... Accounting, Jamie Roberts havent received my assessment result unit 7 ( Data Visualization ) questions in unit but... 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The syllabus and structure read OUR EPSM syllabus guide be acca epsm unit 8 strategic options to this additional product for example team-working communication! Production as these will facilitate the economies of scale advantages to be achieved my channel to motivate me Ethics! Module - unit 8 of EPSM structure read OUR EPSM syllabus guide as improved quality, or. Financial performance of a chain of 20 sports equipment that he might use the freeholds of the properties Sportak as! A company source of competitive advantage can acca epsm unit 8 strategic options enhanced by such techniques as improved quality, productivity or marketing! Are competitive with existing activities for example team-working, communication, negotiation ability he decided that a dash for was! For that niche process is then repeated with another virtual peer assessment improves Knowledge... The lowest cost producer in an industry they benefit from seeing others work also... 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