[scottyash]

P5 was my final exam, was sure I failed as a ridiculous exam. Passed with 57% time for a rest.

[scottyash]

Glad I’m not the only one who thought this exam was a joke. Where was everything that is covered in class? Spent 18 hours last week doing past exam questions which didn’t help me at all in this exam.

[scottyash]

Horrendous paper. I’ve passed every paper first time and this one is my last, I spent 3 hours a day over the last 10 days doing past exam questions and it didn’t help in any way. Where was the analysis of a performance report? Where was there an mission statement or objectives? The exam was a joke.

[scottyash]

@kelkar said:
I think this sesion was a bit easier than Sep 16 :

Q 1 a) strength

Mentioned: reputation (incl. trainers , materials) , location due to safety to the students, dissatisfied students from other collegues

weaknesses
cash balance drastically fallen along with gross profit over 2013-2016 , target for didvidends has not been met (from $ 10 to $ /share) along with the pay rise below inflation rate , old building with energy ineffiency

opportunity
e-learning, lobbying legislation for more robust rules for the accrediation of the traning providers to kick out from the market the rivals

threat
new rivals with low cost base due to almost illegal cheep subcontractors , bank with the intention to buy ExCO building , tutors potentially leaving to the competitors

b) time : not much time due to deteriated financial performance & rivals activisation along with the new green energy legislation proposal

capability : the senior mngt was not capable to implement changes as they failed to bring someone who can

readiness: the trainers enjoyed the long stable employment and are even resistant to the idea to bring more female into IT , so not ready

c) it seems that I am wrong
wrote about acquisition ( not suitable for Exco due to lack of resources for initial investments )

JV is not available to due to other colleagues weak reputation

franchising seems to work

d) no frills would not work as they have pretty expensive tutors

differentiator – ExCO would be ok due to the services provided and consequently price should be higher

focussed differentiator – my teacher told me that it is available for companies like hotels between 3 stras and 5 stars, so not for ExCo.

Sorry for lentghy write up on Q 1 . If anybody wants answers to Q2, Q3 I might do it.

focussed differentiator – it is not for ExCO

Pretty close to me. with regards to the contextual features I said the training staff are ready for change, they are demotivated in their current position and need change to happen, the Senior management is probably not but I would ship them out anyway and put a proper board of directors in place that can facilitate the change and promote better corporate governance.

I said that currently they were pretty much a focussed differentiator with the majority of students male under 30s, they need to be a differentiator but to the broader market as technology appeals to all ages and genders.

Question 3 was fairly straight forward, discuss Harmons strategy mix, the training and development is high on complexity and strategy due to the advisors having to deal with many situations and it is their core business. This is process re-engineering.

The legal team needs to be outsourced as it is complex but not part of the strategic plan.

The COTS system is easy to find 7 benefits.The 8 marker was tricky though, can’t really remember that.

Q2 and 4 were tricky, went for 4 but should have done 2 as would have got decent follow through marks but I was in a wordy frame of mind so ignored it. I just went through the scenario and came up with ideas that would help, eg, stop all the distribution to warehouses across the world, go with one logistics firm that can store everything and distribute it, have the logistics firm put Red Nile’s logo on it so it is recognisable, that sort of stuff.

I think I lost a few marks with boundaryless organistions, I couldn’t remember them, just said stuff about links with suppliers across the world.

Overall a decent solid paper with a nice Q1. Just need to get 50% and i’m happy.

[scottyash]

Pass rate was 35% for P6, very tough.

[scottyash]

Pass with 67% Shocked. There were times when I started panicking in that exam but just took my time and ploughed through.

[scottyash]

With regards to the transfer of shares I stated that she needed to transfer enough that used up the 11k allowance and tried to do a working for this. Not sure I got it though.

[scottyash]

Jesus Christ, that was the hardest exam I’ve ever sat, the questions were not like any of the questions i’ve taken for revision over the last 3 months and nothing like the previous 3 exams.

[Author]

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