ACCA P3 QBD September 2016 exam

The QBD exam Question 1 Analyse competitive environment – 5 forces Contribution analysis calculations Strategy evaluation What needs to change – POPIT / 4 view 15 4 15 12 Question 2 PV calculations and comments Project drivers / investment objectives Benefits management process 8 6 11

The QBD exam Question 3 Value chain 13 Supply chain management 12 Business change lifecycles 4P’s 13 12 Question 5 Problems facing business Disposal of a subsid 13 12

Best scripts Overall really good Structure – headings – driven by question Answering all parts of the question Using numbers / other information in the question Doing some analysis Developing points - why? – So what? Linking relevant points together Legible

Where does strategy come from? Choice of model Rational / Traditional Top down Planning process Emergent Use core competences Incremental Small change to past JSW Strategy lenses Design Experience Ideas Where does strategy come from?

SWOT Choice of model External PESTEL Analyse position Internal Resource audit Market attractiveness Porter’s 5 forces International competition Porter’s Diamond Factor condition, demand conditions, supporting industry, structure + rivalry

CSF Choice of model Threshold resources, competences Competitive advantage Unique resources, core competences CSF Cost lead v Differentiate v Niche Porter’s Value Chain

TOWS Ansoff Choice of model Devising strategies Market penetration Existing product New product Market penetration Product development Existing market New market Market development Diversification

JSW Choice of model Evaluating strategies Suitable Feasible Acceptable Fits the environment Plays to strengths Synergies? Consistent? Acceptable To stakeholders Level of risk Return Ethical issues? Feasible Can we do it? Resources Capabilities Timescale Funding

Value adding opportunity Choice of model Portfolio analysis High Heartland Ballast Ability to add value Alien territory Value trap Low Low High Value adding opportunity

Choice of model Portfolio analysis BCG Market growth Low High High Cash cow Star Market share Dog Problem child Low

or Choice of model 4 P Product, Price Promotion, Place Traditional marketing mix Traditional 4P + 3 more Ps People, process, physical evidence E marketing or 6I Interactivity, integration, intelligence Individualised, independence of location, industry structure

Choice of model Building and sustaining long term business with customers Customer lifecycle Selection Acquisition Retention Extension

Choice of model Outsourcing BPR Strategic importance Low High High Outsource BPR Complexity Cheapest In-house Automate Low

Choice of model Cost Project constraints Time Scope Likelihood Low High Project risk management Low Accept Reduce Impact Transfer Avoid High

Choice of model Observable Measurable Project benefit types Quantifiable Financial Project benefit types Business objectives Scope – deliverables Constraints / targets Roles / responsibilities Resources Risks / assumptions Project initiation document

Choice of model Business change lifecycle Realising benefits from a project Align – determine type of change needed Define – create a project Design – go into detail on changes Implement – design into action Realise – assess if alignment was achieved

Choice of model Cost Factors to consider when raising finance Gearing Control Security Cash flow Availability Exit route Factors to consider when raising finance

Choice of model 4Cs HR management Commitment Competence Congruence Cost effectiveness HR management

Choice of model Change POPIT / 4 view Kaleidoscope People Time Organisation Process IT Kaleidoscope Time Scope Preservation Diversity Capability Capacity Readiness Power

Choice of model Type of change Extent Transformation Realignment Incremental Evolution Adaptation Speed Revolution Reconstruction Big bang

Organisation structure Reasons Job factors Personal factors Social factors Choice of model Resistance to change Organisation structure Power structure Control systems Routines and rituals Symbols Stories and myths Cultural paradigm Cultural web

Choice of model But often the best model of all ………….. Do what the question says…..