This website uses cookies to ensure you have the best experience. Learn more

Performance Managment Project 2 Cpa Prep Assignment

1872 words - 8 pages

Requirement 1 (4 marks)
a) (2 marks)
If EFI does go forward with Lucia’s idea of developing a high-end accessory line, their value proposition strategy would be a mix of focused/niche and differentiation. Because EFI mainly deals with sponsors and a select clientele (the wealthy), their client base is relatively small, but loyal and stable. EFI maintains their loyalty by offering quality products and giving its customers excellent customer service. This strategy would work since the new product line would follow EFI’s existing tradition of exclusive design, high quality and personalization. By offering unique and custom made (personalized to the client’s liking) high-end accessories, this would allow them to distinguish their product from the competition since little to no competitors offer this type of product and therefore differentiating them from the competition and allowing them to justify their premium price on the accessories.
b) (2 marks)
Two main strategic vehicles would be represented by developing the high-end accessory line. The first o would be horizontal diversification. The high-end accessory line would be part of a horizontal diversification because the creation of this line is not directly related to the high-end customized skis, but would most likely appeal to EFI’s existing clients. The second one be that the company would most likely be outsourcing. Although Lucia would be the one designing the accessories, EFI might want to consider outsourcing the production of these products allowing them to have lower production costs (lower material and workforce costs) and allowing them to focus more on the main part of the business – the high end customized skis.
Requirement 2 (32 marks)
a) (12 marks)
Risk classified by PESTEL force
Potential risks
Political
- Outsourcing the manufacturing process to China means operating in another country. While operating in another country could be beneficial economically, some countries have tighter political systems than others. Regulations imposed by the Chinese government might restrict on what EFI can and cannot do in their country and therefore making it difficult to enter the country outsource their manufacturing process.
- China’s federal central government and provincial governments don’t always state the same, making it hard for businesses to know exactly what the rules are, therefore EFI needs to make sure that they are aware and understand the laws and regulations in place.
Economic
- The commercial lending prime rate in China is higher than it is in Canada. Currently the commercial lending rate in China is at 4.35% whereas it is currently set at 2.7% in Canada, therefore making the cost of borrowing more expensive in China.
- Operating in another country would also mean operating in a foreign currency. EFI would need to consider the exchange rate on the costs of manufacturing in China and to consider the fact that exchange rates fluctuate.
Social
- EFI needs to consider the age...

Find Another Essay On Performance managment project 2 - CPA PREP - Assignment

Tech Prep Essay

1681 words - 7 pages between secondary and postsecondary institutions are necessary to facilitate students' smooth transition between high school and college, articulation between education and business is also crucial to facilitate student transition between school and work in technical occupations. Myth: Tech Prep Is a 2 + 2 Program that Cannot Include Formal Apprenticeship Training Under Title III, tech prep programs are described as 2 + 2 programs in that they

Project Planning and Human Capital Essay

2036 words - 8 pages has also determined how to address the risks of the project should any arise. Overall, the parking garage project team is in a good position and has a solid project team in place.ReferencesKerzner, Ph.D., H. (2009). Project Management; A Systems Approach to Planning, Scheduling, and Controlling (10th ed.). Hoboken, NJ: John Wiley & Sons, Inc..Meredith, J. R., & Mantel Jr., S. J. (2012). Project Managment: A Managerial Approach (8th ed.). Jefferson City, MO: John Wiley & Sons, Inc..Zhukov, G. (2009). Effectively Communicate Project Status to Stakeholders. Retrieved from http://www.conceptdraw.com/csnews_online/2/eff_communicate.php

Auditing Attestation - Notes

3824 words - 16 pages Video: Auditing Attestation (AUD)(Miles CPA) 1. Management Responsibility for Internal Controls CRIME Control Environment Risk Assessment by Management Information and Communication Monitoring by Management Existing Control Activity -ARCCS Authorization Recording Custody Comparison Segregation of Duties 2. Auditor Consideration of Internal Control -RUCPAS Risk Assessment Procedures (audit risk model = inherent

South Carolina State Board of Accountancy Violation Cases of 2008

1348 words - 6 pages Pages, and on their website without being properly licensed by the Board. Flat Fee Taxes advertised the service of “Auditing” which is a service that can only be performed by a licensed CPA. In all of these cases, SC Code 40-2-100 was violated since neither person or company had a license to operate. The order to cease and desist from activities involving unlicensed accounting, auditing, tax preparation, or any other CPA license required jobs is

mfrd asm

396 words - 2 pages M chi loBANKING ACADEMY, HANOI BTEC HND IN BUSINESS (FINANCE) ASSIGNMENT COVER SHEET NAME OF STUDENT REGISTRATION NO. UNIT TITLE Unit 2: Managing Financial Resources and Decisions ASSIGNMENT TITLE Financial Decisions and Financial Performance Analysis ASSIGNMENT NO Assignment 2 0f 2 NAME OF ASSESSOR Mr. JUN ALEJO BATHAN SUBMISSION DEADLINE I, __________________________ hereby confirm that this assignment is my own

Accounting Ethics

1248 words - 5 pages paper will discuss the public perception of CPAs in today's society, pitfalls that they may encounter, methods to prevent some of these negative behaviors and consequences they may face should they fall short. Most "Who Do You Trust?" surveys rank politicians, lawyers and used car salesmen at the bottom and certified public accountants at the top. That is because the CPA profession has a squeaky clean image--anal-retentive little

mfrd asm

505 words - 2 pages M chi loBANKING ACADEMY, HANOI BTEC HND IN BUSINESS (FINANCE) ASSIGNMENT COVER SHEET NAME OF STUDENT REGISTRATION NO. UNIT TITLE Unit 2: Managing Financial Resources and Decisions ASSIGNMENT TITLE Financial Decisions and Financial Performance Analysis ASSIGNMENT NO Assignment 2 0f 2 NAME OF ASSESSOR Mr. JUN ALEJO BATHAN SUBMISSION DEADLINE I, __________________________ hereby confirm that this assignment is my own

TQM Initiatives in Optimising Software Development Life Cycles

3566 words - 14 pages 8 programmers for 2 months). Using the project plan a detailed activity-based costing is formed which calculates the staffing requirements for the project and all overheads required to complete the project such as project management time, system architect time and documentation time. The outputs from each of these processes are professionally presented in the tender response.Figure 1: Software Estimation ProcessIdeally, the project would proceed

Best Accounting Principles Observed by the Top 5 Firms in the Philippines

1534 words - 6 pages determining industry specialization, firms seek a unique position in the market along same dimensions that are widely vowed by buyers” (p. 57). Works Cited Journals: Akers, Michael P., Giacanno D. Bellovary J. Earning Management and its implication, The CPA Journal 2007, chapter 2, p. 65 Arlingnaus Baruy P. Accounting Accreditation, The CPA Journal 2007, chapter 2, p. 69 Biggart T., Carnes T. Varianses, Incentives and SFAS IS, The CPA

Risk management for Supplier Global Expansion Plan

1107 words - 4 pages terms of contracts, terms and conditions. This is the pinnacle risk as it is causing delays in the operations and leading to the stakeholders making bad decisions that have negative impact on the overall project.Risk Breakdown Structure RBS Level 0 RBS Level 1 RBS Level 2 Project Risk Technical Risks Scope Definition Requirements Definition Technical process Technology Technical Interfaced Design Performance Reliability and Maintainability

Network Design

1566 words - 6 pages %20Sample.pdf >. McQuerry, Stephen. "Chapter 1: Building a Simple Network." Network World. 29 May 2014. Network World. 21 Apr. 2014 . "Server." Tech Terms. 16ap Apr. 2014. 21 Apr. 2014 .

Similar Essays

Wk2: Assignment 2: Application Project

816 words - 4 pages than I anticipated. My daughter is the bold one, however, because it is not the “norm” of society to sit with someone that closely given the other seating available she found it uncomfortable breaking the norm and making the initial approach. This is where bringing the boyfriend came in helpful as he had to lead the approach and sitting next to a stranger in an “out of norm” way. We selected two of our videos for the assignment. My daughter

Case Chart Study Organisational Performance Assignement 2 Fanshawe Assignment

821 words - 4 pages problem arose when Thailand hotel was sold to American company. Is the issue of low or high importance and urgency? Importance: L H Urgency: I II L H III IV This case is covered under high urgency and have high importance so it should be covered under IV Course Concepts with references: 1.Organisation Comprehension and Employee involvement(chapter-4) 2.High performance work practices perspective(chapter-1) 3.Work related stress(Low task

Dropouts And Cte Essay

2309 words - 9 pages consistently lower (1.3 percent declining to 1.0 percent) than those of the other two groups (2.2 percent declining to 1.4 percent for non-Tech Prep CTE, 1.8 percent declining to 1.6 percent for all other); Tech Prep dropout rates remained superior when disaggregated for white, Hispanic, African-American, at-risk, and economically disadvantaged subpopulations. In contrast, a random assignment study of graduation rates at 59 career magnet programs

Project Management Essay

4947 words - 20 pages 1. IntroductionProject management has become an expected professional skill for managers and specialists in all disciplines. Driven by global competition and new technologies, the use of project management is expanding wherever organizations need to achieve performance objectives within scope, cost, and time constraints. As an old adage says: People don't plan to fail...they fail to plan.But there is a big difference between carrying out a very