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Exactly. I think dipatil is talking about a different question. This is the approach I used.
I thought it was asking the benefits of IR for stakeholder management so was describing it and how it would be helpful by including the various financial and non-financial information for stakeholders to have a broader view of the company with QH being able to demonstrate how it is performing against the all strategic objectives.
IR would mean that the focus on non-financial strategic objectives would not be overlooked as there would be more accountability if work on these areas is communicated to stakeholders regularly.
If I have not actually answered the question, it could be dangerously close to 50% for me…
I did the same, stakeholder theory and then what they would be more interested to see (other than FS)
Q1 seemed to me like internal analysis (core competencies and resources) so I thought about using Baldridge performance excellence (there was also a technical article about this on ACCA website which would be a clue) but I couldn’t remember all the elements so I went with Porter’s value chain… rightly or wrongly.
All in all not the easiest paper and Q1 made me panic which didn’t help. I agree very time pressured and lots of strange themes.. I mean.. why are we supposed to know about cyber security..?! I must have missed that training in my years of working in finance
DSAV90 wrote:I thought it was asking the benefits of IR for stakeholder management so was describing it and how it would be helpful by including the various financial and non-financial information for stakeholders to have a broader view of the company with QH being able to demonstrate how it is performing against the all strategic objectives.
fully agree with you 🙂
tara19 wrote:It is possible we are talking about 2 different questions. The Q I had was what factors should QH consider when deciding how and what is reported to the stakeholders.
mmm not really the how is been tackled by the IR. Mendelow framework is often used to attempt to understand the influence that each stakeholder has over an organisation’s objectives and/or strategy. In this case it was reffered as you properly say in how and what info we were supposed to share with the stakeholders. As I wrote previously and demostrating commercial accumen organisations besides their annual accounts and gubermentals reports its not common that they prepare other reports for the different stakeholders they have
tara19 wrote:It is possible we are talking about 2 different questions. The Q I had was what factors should QH consider when deciding how and what is reported to the stakeholders.
mmm not really the how is been tackled by the IR. Mendelow framework is often used to attempt to understand the influence that each stakeholder has over an organisation’s objectives and/or strategy. In this case it was reffered as you properly say in how and what info we were supposed to share with the stakeholders. As I wrote previously and demostrating commercial accumen organisations besides their annual accounts and gubermentals reports its not common that they prepare other reports for the different stakeholders they have
Zoe wrote:Q1 seemed to me like internal analysis (core competencies and resources) so I thought about using Baldridge performance excellence (there was also a technical article about this on ACCA website which would be a clue) but I couldn’t remember all the elements so I went with Porter’s value chain… rightly or wrongly.
I think you could apply the Baldrige model however in my opinion it was too short time for that , or maybe I was too slow but I just jused the SWOT analysis to analyse the perfomance…
how to address the stakeholders by not focusing on annual reporting? i wrote about the power and interest and how to report them is:
-customers could be dealt through website as they check the houses online and make payment. There power & interest is low
-government could be dealt through letter if there is any issue regarding the availability of land or restrictions
-Suppliers could be dealt though email if supplies such as safety boot and equipments are not supplied on time for the construction of houses. There power is low but impact is high
-investors/bod/ceo needs to be address in annual reporting as they are involved in performance of the company. There power and interest is highHope I’m correct ?
What did you guys write for the presentation slides of separating the committees?
tara19 wrote:It is possible we are talking about 2 different questions. The Q I had was what factors should QH consider when deciding how and what is reported to the stakeholders.
mmm not really the how is been tackled by the IR. Mendelow framework is often used to attempt to understand the influence that each stakeholder has over an organisation’s objectives and/or strategy. In this case it was reffered as you properly say in how and what info we were supposed to share with the stakeholders. As I wrote previously and demostrating commercial accumen organisations besides their annual accounts and gubermentals reports its not common that they prepare other reports for the different stakeholders they have
Zoe wrote:Q1 seemed to me like internal analysis (core competencies and resources) so I thought about using Baldridge performance excellence (there was also a technical article about this on ACCA website which would be a clue) but I couldn’t remember all the elements so I went with Porter’s value chain… rightly or wrongly.
I think you could apply the Baldrige model however in my opinion it was too short time for that , or maybe I was too slow but I just jused the SWOT analysis to analyse the perfomance…
agboolakenny84 wrote:I disagree. How then would you classify the stakeholders using IR ?. Of course you can use power and interest to classify the stakeholders. The government has high power and high interest as they can implement regulations and legislations and they want to ensure that housing was good in Moria.
exactly companies are not preparing reports for the info that employees want f.e…..and in the IR you can tackle it with the 6 capitals. In that way you can give broadly info to your stakeholders. Actually there was a request from one of the clients included in the blog that he was not able to find some info about the company,. If the IR was prepared it will be very possible that this person can find that info and satisfy his needs
2) seperation of audit/risk committee slides i wrote
benefits
-independence of thought and decision not involved in self interest threat
-segregation of duties as both committies duties will be divided
-reduces conflict of interest as both committes would know who they would be accountable to
challenges
-unity of both committee rather than one committee
-more knowledge and skills would be spread if both committies are joined3) for public interest question i wrote.
-the community garden would protect many animals /trees and envrioment
-the community garden could have a low cost fees where government would get the return as it could be used for other beneficial purpose such as free education/health
-protecting the envrioment would increase public awareness for QH. this in turn would allow investors to invest in the company leading to high profitsHmmm, the more I read in this thread, the more I think I completely ballsed up the QH case study. Bloody hell…
saif2589 wrote:2) seperation of audit/risk committee slides i wrote
benefits<br>-independence of thought and decision not involved in self interest threat<br>-segregation of duties as both committies duties will be divided<br>-reduces conflict of interest as both committes would know who they would be accountable to<br>challenges<br>-unity of both committee rather than one committee<br>-more knowledge and skills would be spread if both committies are joinedregarding the audit risk committe I agree with you generally I put some of those, and from the 3rd question I dont rememberit ….what was that question about?
b) challenging the ED on his view about responsible leadership on wider stakeholders And public interest stating to QH why environment is important to them?
I think they were building houses on community garden and green space.
saif2589 wrote:b) challenging the ED on his view about responsible leadership on wider stakeholders And public interest stating to QH why environment is important to them?
Oki oki but this was not in slide as far as I remeber you needed to write a memoradum…there is one technical article about responsible leadership basically you need to fit it with QH I think some of what you mentioned suits good 🙂 like this point protecting the envrioment would increase public awareness for QH. this in turn would allow investors to invest in the company leading to high profits
All great points. I added the ability for Exec Directors to be on the risk committee, whereas the audit committee of a listed company should comprise independent NEDs, allowing the Exec Directors to bring their knowledge and experience to addressing the risk issues raised.
Thanks, what about the risk and mitigation. For that I wrote
Loss of workforce
Due to the economic condition within the country there could be recession due to which it would be difficult to find skillful workforce and recession would lead to unemploymentMitigation
To develop the skills and expertise and ensure that the workforce last within the company for a longer period of time to utilities there skills for longerClimate change
Due to change in the weather climiatr it could be difficult to construct houses such as in rainy weatherMitigation
To ensure workforce has being provided with necessary work equipment such as safety boot and jacketsAvailability of land
As QH is planning to construct houses on green spaces and gardens there could be lack of availability of landMitigation
To consult with government and local council for get permission for the availability of land m
Hope this is correct as well?nighteyes wrote:Hmmm, the more I read in this thread, the more I think I completely ballsed up the QH case study. Bloody hell…
It is definitely interesting to read different answers but I think it can be very subjective too in the marking
I usually don’t come here if the exam went bad because it makes me feel worse….But exam was ok
Ignore the thread. Everyone wants to confirm their bias here so that they don’t panic lol.
nighteyes wrote:Hmmm, the more I read in this thread, the more I think I completely ballsed up the QH case study. Bloody hell…
Nobody can tell you if you’re correct. We’re all students. The examiner will decide if you’re correct.
saif2589 wrote:Thanks, what about the risk and mitigation. For that I wrote
saif2589 wrote:Thanks, what about the risk and mitigation. For that I wrote
Bro the requirement was impact of risk on QH’s strategic objectives not strategic position
Getting skilled workforce and availability of land are strategic objectives for QH and without those two resources the company can’t run
Clarify me if I’m wrong?
What did you write?No we had to write how lack of skilled labour, land and climate would affect our strategic objectives (which were sustainable housing, maintaining financial position, building good quality houses and one more which I can’t recall)
From what i understood
We had to link risks to objectives
like loss of skilled workforce how it affects our objective of maintaining existing financial position or ability to build good quality housessaif2589 wrote:Getting skilled workforce and availability of land are strategic objectives for QH and without those two resources the company can’t run
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