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the paper was quite okay but very very time pressured. Even if you want to dish out all the knowledge in your head there is just too little time to actually organize answers and alas, wrist maybe too tired of writing after q1.
Q1- (i) SHIP
(ii) Evaluated the report. Didn’t do calculations because i might stray away and evaluate the company itself BUT discussed needed improvements to the report both financial and non financial. (reminded me of Metis, 6/12)
(iii) BSC- just apply
(iv) problems with using BS- Didn’t realise I used part of Mckinsey 7s! Used Style, Staff, System, Culture(Shared Values)
(v) Building Block Model- A bit of a mess because of time but pointed out Standards=Ownership, Achievable, fair & SMART
Rewards=Clear, linked to PM, Motivates, up to 30% may mean stepped rewards depends on how many targets are achieved.
Discussed the PM to be used on managers.A quick glance at q4 made me realize it isn’t the best question for time constraint exam. I didn’t want to repeat my messed up p4 exam so I strictly had to followed my time allotment.
I did Q2 and Q3.Q2- ABC and ABM + cost reduction & Quality using ABC. Quite confusing at first but i thought it would work out. Needed time to process all information, did this last and was very time constrained!
(a) ABC and ABM was very discursive and required little calculations.
Traditional Costing= 8.03/std dish, 108.03/specialised
ABC= 5.++/std dish, 106.++/specialised(b) had to do in 5 minutes and just dished out whatever I can think of that maybe relevant. Continuous Improvement, Cost activities and drivers gives more information for cost reduction and improvements of processes etc.
Q3-
(a) 5 Forces was quite okay. I had to take a deep breath because the scenario itself leans towards Pestel and it can really distort answers. Not sure how the marking will be on the specific performance measure but I hope it isn’t half the marks. I was thinking “justify” may mean just a brief answer on why the specific performance measure should be used, so I focused on the 5 Forces. My PM was just all over the place, answering in 5minutes just to get some marks. I remember my new entrants was measure the market that hasn’t converted yet to hydrogen fuel as these are potential targets by new entrants.lol. could easily be applied to competition too.haha.(b) Defining market- discussed alternate power technologies have different markets, could be hard to identify to which they belong and to compare with. some other difficulties can’t remember now.
(c) Risk of Venture Capitalist in Stokeness (?).. Discussed briefly different types of appetite as a start and criterion. Assessed VC as risk adverse because they invested in a 5year company with a good reputation. Discussed how it affects PM. Quite confused at this point.
Overall it was quite a torture on my wrist! It reminded me of P3 and a bit of F5. I’m just glad HRM and IT didn’t come out, didn’t study for that one. I’m fine with passing marks. This was way way better than P4 which was a total mess and information overload!