[ccorredo]

I forgot this tip which is quite helpful.

When they draft question 2 and 3, they usually have a model in mind that you are meant to use. Some times they state the model, sometimes they dont. When you read, try to pick a model if its is not given. The model will give a logic structure to your answer and you will be able to touch on lots points that you wouldnt touch if no model structure was followed. BUT once you decide to go for a particular model, dont waste too much time trying to defining the model. Just go directly to the case and give examples that will add value. For example, in the recent paper when talking about JIT. I didn’t explain model, just one or two lines defining the model. I went straight to say: 1. production runs needs to be shorter for the dresses. 2. renegotiate with suppliers to deliver only on pull basis and make sure that this requirement is included in an SLA or in the terms of the contract.
As you can see in this example. I was just giving advice and adding value all the times. I didnt waste too much describing the model because as you write the examples and advice you give, you start to show that you really know what the model entails and you are just applying.

I didnt pay for tuition. just Opentution and past papers.

[ccorredo]

Hi Paul,

I passed on my 4th attempt.

My 2 tips are:

1. Do not right anything that does not add value to the company under review.

In lots of papers you will see that the overall objective of the company or its mission has some type of weakness. For example, if the mission says ” the company aims to be successful”. The first thing that you need to highlight is that “successful” is very subjective and this can mean different things for different people. After you highlight this, you take a position and suggest what they might be trying to measure and suggest a metric. The problem I used to have in this type of scenario was that, I would take “successful” at face value and then I went to suggest a metric. You dont get enough marks if you are not being sceptical and add value. Every word they write means something, dont forget!

2. Dont worry about the calculations too much. Try to give them a go, but move on. If necessary, come up with an educated guesses, but explain what the figures mean. The commentary will get you half of the marks.

[ccorredo]

Opentuition is enough in terms of material, but the key to pass is exam practice using past papers.

[ccorredo]

BCG, ROI and RI, benchmark, BPR, corporate failure

[ccorredo]

Thanks very much for getting back to me.

I have read the draft again and I finally got it.

[ccorredo]

Do people usually attempt for the professional marks for question 1?

Even if I was comfortable with the whole paper, I couldn’t do it. Just not enough time!

[ccorredo]

Hi John,

Following on this question. They predicted the futures rate using two methods. I usually get the same result using both methods except here. The explanation given in the answer is not quite clear to me. I thought we would close the contract and this futures price should be the same under both methods.

Grateful if you could perhaps explain that bit for me.

Thanks and regards,

Camilo

[ccorredo]

Great! thanks so much

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