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Applying models to questions

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Applying models to questions

  • This topic has 2 replies, 2 voices, and was last updated 11 years ago by Avatarfidget.
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    Posts
  • October 6, 2014 at 12:28 pm #203628
    Avatarfidget
    Member
    • Topics: 8
    • Replies: 203
    • ☆☆☆

    Is there a list anywhere of indicators of which model to use for different types of question? For example, these situations direct me towards certain models to use:

    * Setting up business in a foreign country – Porter’s Diamond.

    * Entering a home market – Porter’s 5 forces

    * Outsourcing – Harmond’s process-strategy matrix

    Just wondering if there’s a fuller list or article somewhere that shows the tell-tale signs in a question for which model to use on it.

    October 9, 2014 at 12:16 pm #203961
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10657
    • ☆☆☆☆☆

    Really the model to use depends on the information given in the question and sometimes the requirements. However, common pointers are:

    Environment = PESTEL
    Competitive environment = 5 forces
    Resources = M words
    Adding value = value chain
    E-Business: consider 6Is
    Marketing = 4/7 Ps
    Portfolio = BCG (esp if market shares and growth are given) and parenting style
    Competitive advantage = generic strategies

    Have a look at:

    https://opentuition.com/acca/p3/acca-paper-p3-quiz-p3-model-application-test/

    October 11, 2014 at 2:02 pm #204171
    Avatarfidget
    Member
    • Topics: 8
    • Replies: 203
    • ☆☆☆

    Thanks very much for that!

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