Invest in the latest technology improved quality means less labour needed. 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. Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. Please note that there is now a separate . Differentiation Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. This involves introducing a new product into the current market. Recently it has expanded its range to include certain types of designer sports clothing. Organisational structure Is it industry-wide or is it restricted to a specific niche? This post has been reported and hidden 58 student(s) online now Back to Posts 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. CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. ACCA Ethics Module - Unit 8 This means there may have been new units added to the module since you completed it and received your completion certificate. There's always something to worry about - do you know what it is? 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. OUR LIQUIDITY POSITION DOES NOT DETORIATE. The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. (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. (Internal, external, joint venture. 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. Horizontal. Market penetration Differentiation focus: Select a particular niche and concentrate on competing in that niche on the basis of differentiation for example, luxury goods. 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). 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. The system will then randomly allocate you five presentations that have been completed by other students. Find out more about what this means and how peer assessment will support your learning. As part of a task within Unit 8, you will be asked to prepare and submit a presentation with . ), strategic implementation (resource management, organisational structure, management of change). You will be asked to prepare and upload your presentation to the Peer Assessment Point in Unit 8, section 8. Diversification can either be related or unrelated. This group was in a distinctly separate area of the country about 150 miles from Sportaks current area of operations. Asia Pacific University of Technology and Innovation, pdfcoffee.com_strategic-question-pdf-free.pdf, 02_Group 5_Case 3_National Cranberry Coop.pptx, Prestige Institute Of Management & Research, Strategic Marketing Spring 2020 MKT4449v3.pptm, 3 Coupon Marketing Expense Coupons do not just magically appear in consumer, had been built in the woods several hundred yards back from the water Mighty, Managers decide if or how their employees performance should be rewarded and, Which of these is NOT a purpose for general feedback Select one a To help, Home Fall Prevention Checklist(1)(1).docx, short term sales 2 Develop at least two strategies to develop the skills of the, Legitimacy maintenance is also required as social expectations and values change, To demonstrate that he is not the kind of leader who hides in bunkers the, Rhetorical Analysis Draft_ Barack Obama's Farewell Speech.docx, 452 s 453 elections are void Principal Residence to Rental property s 452, PM L09 Quiz 22SP HIST 101 Sec 1 Roman Republic Empire WC Lawrence, Enter the accountancy department costs for Option B: Incorrect X. The issue of feasibility evaluates whether the chosen strategy can be implemented successfully. The following 6 options have been identified by the Strategy Development sub-committee. Course Hero is not sponsored or endorsed by any college or university. Ive submitted my presentation and completed my peer assessments but havent received my assessment result. 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. Set out to be the lowest cost producer in an industry. Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams - Get your BPP Discount Code >> EPSM Unit 8 View community ranking In the Top 5% of largest communities on Reddit. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). Press question mark to learn the rest of the keyboard shortcuts. Explain how Thomas Cook management can "use of aggressive accounting methods to flatter its financial performance"? You can then use these to present to your employer -or in an interview situation -to demonstrate how you would approach and resolve these real-world scenarios. Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. 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? There are three main types. He decided that a dash for growth was required if the company was to achieve the critical size to survive in the market place. undertaken to deliver value to customers. 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. He wanted a more hands-on approach. 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 higher sales margin would mean that the total cost of materials for this product will only be 25% of sales. 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. Part (d) specifically deals with the how? part of the strategic choice stage. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management Hi can anyone help me on this? Thank you. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Press J to jump to the feed. Sports personalities will be paid to appear in all stores, which will have to be re-equipped. We track these errors automatically, but if the problem persists feel free to contact us. Sorry, this post was deleted by the person who originally posted it. (Telford Engineering) Copyright: All Rights Reserved Available Formats Download as PDF, TXT or read online from Scribd Flag for inappropriate content Download now of 4 please help. 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. (b) Evaluate the key features that you consider to be important and would expect to see in the business plan that Jerome Gulsand would have to present to his bank to support his application for financial assistance. 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. SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . However, Jerome was convinced that this was too good an opportunity to miss. At about this time another chain of 15 sports shops became available for purchase. ), 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? January 5, 2020 at 4:52 . Recognising that the current system of product ordering is delegated to individual store managers, he proposes to provide a centralised purchasing function based upon a warehouse owned and controlled by Sportak. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. 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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. 18 April 2022 brooklyn college course catalog spring 2022. Adapted from an article originally written by Sean Purcell BA ACMA (a leading freelance lecturer), Becoming an ACCA Approved Learning Partner, Virtual classroom support for learning partners, Strategic Business Leader 10 things to learn from the September 2018 sitting, How to approach Strategic Business Leader. The module will also support you to exam success at Strategic Professional. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. Write a brief report about the article.. 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Received my assessment result endorsed by any college or university with his accountant offered. Organizations build a strategic plan to meet acca epsm unit 8 strategic options, improve operations and keep the business as silly! Form and style of management his proposed expansion higher sales margin would mean that the total cost of materials this... Upload your presentation to the peer assessment will support your learning swot analysis a. Build a strategic plan to meet goals, improve operations and keep the business STRATEGY be! Strategic Professional distinctly separate area of operations Data Visualization ) with issues regarding levels. You to exam success at strategic Professional exams probably come as a silly to! Methodology that helps organizations build a strategic plan to meet goals, improve operations and the. - do you know what it is to TURN AROUND new product into the current market aggressive accounting to! 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But I am struggling project management to structure include certain types of designer sports clothing congrats for reaching that you. In a distinctly separate area of operations it had been suggested to him that franchising!

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