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Hi Chief,
the answer to you question actually is very simple. I have been self studying from the first exam, I have only books and kits, no additional support. I must mention that I work very demanding job in a multinational comp. with a lot of overtimes… And on all exams I gained preaty high marks, and I never failed any exam, all passes from first attemp simply by the following strategy: You just have to study, study, study and then study a bit more until you get sick from studying 🙂
You have to sacrifise and invest a lot of work in your study. Never study selectively, but study as if everything will be questioned.Simple as that 😀
Believe me, this workes allways. There is no such thing as “horrible” exam, all of them are passible… on first attemp.
You know what is also very big motivator for me? When I think about how would it be if I would have to study the same exam in 6 m again 🙂 At that moment I think “no way!!!!” and simply give my best.
I hope this will motivate some of you. You just have to work hard!!!
outgrowing the market is about gaining further mkt share (you are taking competitions share) … this doesn’t put you in star position.
cow is high mkt share, very prof, but steady slow market growth
star is high mkt share but on very attractive (growing mkt) and not necessarily profitable as you are competing with fierce competition attracted by growing market…
road can’ t be a star since the market is not growing but being rather stable (or very slow growing…) plus bih mkt share and profitability makes it a cash cow
trail is small in share but market is growing the fastes…this makes it question mark. either push share to become star or be a dog and exitthis is what I did…
Q1) Group is synergy manager
used SWOT, first company is cash cow, last one question mark.
second acq.(vertical integration) was successful due to synergies used – turnover of business. here I didn’t identify bcg type.
last acq.was not, no exp.managment in different transport, cuture clash. however due to innovations and green tech.and overall market growth (attractive market) could be pushed to become a star. especially if fuel prices rise this would become alternative transport.
I was so nervous and sloppy that I will not gain all 4 prof.marks for sure.b) Godiva – horisontal integration
acceptability: all fin.KPIs lower than sector (except CR which is in line) accept.or not, depends on family’s desires (family owned comp majority)
feasibility: enough RE to acqure but i sufficent manag.expertise in-house, could be problems with culture clash…
suitability: questionable, diff.industry type, no exper.managers, but synergies could be exploited in using land and warehouses (which become expensive) and good geo.position.
But overall, acq.is risky.Q4 a) inbound, operations(old machinery) and outbond act. are weaknesses…poor location and expensive transport.
marketing – the most valuable activity…
post sale – valuabletrend – dry and moist changing positions, change in customers taste…
Q2… oh God help me 🙂
a) wrote without head and tail everything that came to my mind, such as make identification process more flexible and convenient (avoid 35% calls being terminated imm.) by using name, date of bitrh or similar. Train staff to have better accent…
b) Harmon’s matrix
contracrs – depend on complexity (automate or improve) sourc of revenue so strat.important for sure
refunds – in house- try to retain customers by offering sth.else, reingeener process,
technical – outsource to expert comp.also consider costs (in house is 2,5 times more expensive) but goid corporate image in tines of high unemployment…
God help me, I hope it will make 50…
What do you think…advise me please
Good luck to all!
Hi guys, I hope you all did well on the exam. For me the exam was managable, but only and I mean ONLY due to question 4 – the question was a pure gift from Heaven. However, the changes and computations that needed to be applied in Q1 were mean – it is not physicaly feasible to do all of that in given time, and for only 30 marks?!
What did you answer under b – the directors concern regarding fair value that it does not reflect fin. value of entity? I wrote generally about IFRS 13 and then that fv is basically determined by income approach which takes into consideration future cash flows… and that if asset and liabilities are fair valued than net asset of entity is fair valued as the difference of the two… I hope to get some marks there…
In addition, how did you do with Q2 under c, regarding foreign loan? It was a bit confusing for me…