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I also chose question 2 only because I ran out of time and with only 15mins left it seemed like the logical decision. Wrong! But question 4 was too long however, would’ve probably been much much easier. But guys how did you do the mendelow matrix? I took me almost 20mins trying to figure that out.
@nidsy said:
Doctor – high interest low powerThe funding agency – high interest and high power
The health authority – high interest low power ( I wrote this cos question first said doctors were concerned abt it but couldn’t do much abt it and ‘similarly the authority was also forced to reduce budget’ or something like that..) I mentioned that explicitly which is y i took them with low power. I also said if they could demonstrate higher power they will be key players like the funding agency.
I wrote the same doctors and local authority were keep informed. Both had low power both high interest.
Rice was a key player.
Letter had 3 elements:
1) explain budget situation
2) 3E’s
3) characteristics of performance reportingabout part 3, I used ACCURATE mnemonic, was that it or something else?
With regards to questions 1e iii, i used ACCURATE but i thought it meant into in the context of the scenario.
I tought Rice was very interested they wanted to know how each authority was performing againts targets and required reports.
They were also powerful they had the ability to decide how much each authority got and they could fine them for not sticking to budget.
@tayyabom said:
Letter had 3 elements:1) explain budget situation
2) 3E’s
3) characteristics of performance reportingabout part 3, I used ACCURATE mnemonic, was that it or something else?
Me too but I left question one till last so I managed to mention all of accurate in my answer but I didn’t have time to explain them. Could have done with another half hour or more!
@aminb001 said:
With regards to questions 1e iii, i used ACCURATE but i thought it meant into in the context of the scenario.Yeah i related with the scenario wherever possible but on the lines of ACCURATE.
@kireeti said:
Btw, was position in q3 Expedient(Instrumental)?I chose social ecologist because it spoke so much about social and environmental footprint resolution and that is what social ecologist underpins. Expedients do minimum CSR so having environmental and social audit in that position seems extreme.
not enough time, spent maybe 15 minutes extra on question 1 thought I would be ok but had a knock one effect on all the others.
question 2a) 12 marks wtf?
can anyone remember the diversification question wording?
also did question 4. part a) wrote half a page of crap, thought it was worded strangely and in my answer I was regurgitating the case with no theory and then it hit me, Tuckers 5 stage model. Managed to write something down in relation to this but at the point in the exam I had the writing of a 5 year old with a broken arm
@aminb001 said:
2a Describe elements of principles based and why Julia would benefit from volutary disclosures when finding investments – 12 Marks2b Ways of diversifying risk in Julias investments – 4 Marks
2ci Why companies like AAM Investment funds should follow principles of harmonisation of global governance standards written by ICGN – 5 Marks
2cii Limitations of Principles based rules for Julia & AAM – 4 Marks
I remember that question a ask benefit from the voluntary disclosure environmental reporting. So I think we need to answer the benefit of disclosure of environmental reporting.
@essem said:
not enough time, spent maybe 15 minutes extra on question 1 thought I would be ok but had a knock one effect on all the others.question 2a) 12 marks wtf?
can anyone remember the diversification question wording?
also did question 4. part a) wrote half a page of crap, thought it was worded strangely and in my answer I was regurgitating the case with no theory and then it hit me, Tuckers 5 stage model. Managed to write something down in relation to this but at the point in the exam I had the writing of a 5 year old with a broken arm
I feel ya man!! Your 5 year old anlogy legit made me laugh cos its so relatable ..cos even I did the same in the end haha!! Extremely time pressured.
@aminb001 said:
I chose social ecologist because it spoke so much about social and environmental footprint resolution and that is what social ecologist underpins. Expedients do minimum CSR so having environmental and social audit in that position seems extreme.I went with social contract although i think social ecologist would have been more correct. Reason I chose this was because they kept mention the honeybuzz brand and strategic CSR. They were clearly in business to make a profit however they felt they should give back to society.
Hopefully both are right as there is arguments for both stances.
@aminb001 said:
I chose social ecologist because it spoke so much about social and environmental footprint resolution and that is what social ecologist underpins. Expedients do minimum CSR so having environmental and social audit in that position seems extreme.I decided to let the examiner decide by saying the company cud be an expedient or a social ecologist depending on the real intentions which weren’t fully given in the question haha 😛 ‘when in doubt confuse the examiner’ was what I did.. 😀
What did you think of the paper overall? I found it relatively easy but then who knows I could have wrote 100% b@##×t
@louiseabigail said:
I went with social contract although i think social ecologist would have been more correct. Reason I chose this was because they kept mention the honeybuzz brand and strategic CSR. They were clearly in business to make a profit however they felt they should give back to society.Hopefully both are right as there is arguments for both stances.
Isn’t social contract like a license to operate ?? As in if the company breaks it it gets wiped out if biz like Arthur Anderson. So I didn’t even reckon this. Anyway, lets keep our fingers crossed for the pass mark. Good luck to you :))
@nidsy said:
Doctor – high interest low powerThe funding agency – high interest and high power
The health authority – high interest low power ( I wrote this cos question first said doctors were concerned abt it but couldn’t do much abt it and ‘similarly the authority was also forced to reduce budget’ or something like that..) I mentioned that explicitly which is y i took them with low power. I also said if they could demonstrate higher power they will be key players like the funding agency.
Same, except for health authority I got medium power and high interest. The reason I said they had medium power was they were able to choose which secondary support activities to keep and can choose their preferences, it doesn’t really matter I’ve seen with previous question as long as you can justify your selection.
I also opted for social ecologist, because the company was ready to compromise its profits with donations in order to support the research.
@kireeti said:
Well, they were emphasising on Strategic Csr, so I leaned towards Expedient.But, Ecologist could be real possibility too.I agreed with that.
And I also wrote thet it could also be decribed as pristine capitalist, because it used the CRS strategically in order to increase profit, as all other would be theft of shareholders’ funds.
Not really sure if this is a valid argument
@essem said:
also did question 4. part a) wrote half a page of crap, thought it was worded strangely and in my answer I was regurgitating the case with no theory and then it hit me, Tuckers 5 stage model. Managed to write something down in relation to this but at the point in the exam I had the writing of a 5 year old with a broken arm
I have done question 4 – but at no point in time I have used Tuckers model. We weren’t asked to comment on the decision, were we? Did anyone else used this ?
Overall I found this paper very frustrating, learning a lot of models and concepts and I barely applied 20% of it.
I originally started question 2 but felt like others that it wouldn’t let me anywhere so I’ve switched to question 3 and 4 instead.
This is my first paper where I’m not optimistic at all!
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Is opportunist the same thing as expedient?
Honestly think this was the hardest p1 exam ever. At least q1 was fairly simple for the most part. How I see it. I only need to get 10 marks on avg in the options lol haha
@thakal said:
I have done question 4 – but at no point in time I have used Tuckers model. We weren’t asked to comment on the decision, were we? Did anyone else used this ?Overall I found this paper very frustrating, learning a lot of models and concepts and I barely applied 20% of it.
I originally started question 2 but felt like others that it wouldn’t let me anywhere so I’ve switched to question 3 and 4 instead.
This is my first paper where I’m not optimistic at all!
I didn’t use the Tucker model in question 4.
I found this paper very frustrating too and I really don’t know what can I expect on 17 July….@thakal said:
I have done question 4 – but at no point in time I have used Tuckers model. We weren’t asked to comment on the decision, were we? Did anyone else used this ?Overall I found this paper very frustrating, learning a lot of models and concepts and I barely applied 20% of it.
I originally started question 2 but felt like others that it wouldn’t let me anywhere so I’ve switched to question 3 and 4 instead.
This is my first paper where I’m not optimistic at all!
Don’t think you use tuckers model to come to a decision, instead using it to assess different decision
You are right, it didn’t ask us to use the model but it did ask us to discuss political, democratic, policy influences on the organisation to restart the power station. Using Tucker 5 questions gave me a framework to discuss all relevant issues to the decision. Also, part a was 10 marks, so 2 marks per point discuss so made more sense.
My answer was roughly as follows:
Profitable:
All 3 plants closed, knock on effect to countries economy shutting down. Importing fuel, increased costs. Company not generating power and not bring in moneyLegal
State owned, therefore no legal issue in restarting especially once government inspectors finish reportFair
Not restarting unable to pay compensation, countries economy at standstill. If restarted goes against concerns of the citizensRight
regurgitated point from Fair heading but reframed itEnvironmentally sound
Restart because Importing fuel, unnecessary damage to environment
Don’t restart because approval needed from safety inspectors2a Describe elements of principles based and why Julia would benefit from volutary disclosures when finding investments – 12 Marks
On the second part of 2a I put because of info assimetry, compliance and stakeholders. the first part of 2a was tricky and I remember putting Audit committee, Internal Audit and Risk committee with a brief description of the advantages of having them.
2b Ways of diversifying risk in Julias investments – 4 Marks
This I simply wrote that diversifying would spread the risk so won’t be getting much out of it.
2ci Why companies like AAM Investment funds should follow principles of harmonisation of global governance standards written by ICGN – 5 Marks
In here I talked a bit about ICGN and then went on saying that cause the fund operates internationally it would find positive to use a standardised and international corp governance framework.
2cii Limitations of Principles based rules for Julia & AAM – 4 Marks
in here I have written that because the fund company operates internationally there is a risk that by using the principle based one some companies could use standards not acceptable in the western countries. Especially if the country where they are based are corrupt and considering bribing as a normal activity.
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