Paper P5 Risk & Uncertainty part 2 Mark Fielding-Pritchard mefielding.com1
Conflict Resolution Amongst Stakeholders PrioritisationNegotiation and ‘satisficing’Sequential attentionSide paymentsExercise of power mefielding.com2
Role of Government Legal Consumer rights Environmental protection Restrictive practices Fiscal Taxation Economic Public expenditure Exchange rates Interest rates Political Incentive schemes mefielding.com3
Porter Impact of Government Capacity ExpansionDemandDivestment & ExitEmerging IndustriesEntry BarriersCompetition PolicyNew Product Adoption mefielding.com4
Dealing With Uncertainty Scenario PlanningComputer SimulationSensitivity AnalysisExpected Values Maximax, maximin, minimax regret mefielding.com5
X Group Structure structure structure Part A Make a plan- list the external forces Choose a structure- answer uses Porter but PEST, SWOT are just as good mefielding.com6
Part A Porter Barriers to entry Substitutes Suppliers Buyers Rivalry mefielding.com7
Part B Part B Choose 5/6/7 ratios then calculate 1 mark (maybe) for calculation 1 for comment 1 for remedial action mefielding.com8
Part B SWOT Strengths Growth in profits Growth in turnover Weaknesses Decline in train passengers Decrease in staff to passenger ratios mefielding.com9
Part B SWOT Opportunities Holiday industry Freight services Threats Oil prices Customer dissatisfaction spreads mefielding.com10
X Group Part C Identify key factors and list as a plan-stay on track!! But the question gives you 4 so these are your main drivers!! mefielding.com11
Part C No model- make a plan!! Brand, reputation, stretching Value Consumers champion Talented staff Chairman Communication mefielding.com12
Environmental Accounting /student/exam-support- resources/professional-exams- study-resources/p5/technical- articles/environmenta- management.html mefielding.com13
Environmental Management Accounting Environmental management accounting (EMA) is an essential business tool for creating internal demand in businesses for cleaner and less wasteful production processes. EMA changes the reasons why companies engage in pollution prevention activities from one of environmental concern or market access to one of engaging in pollution prevention activities purely because it makes good business sense and delivers immediate financial benefits mefielding.com14
Environmental Management Accounting Environmental prevention costs: the costs of activities undertaken to prevent the production of waste. Environmental detection costs: costs incurred to ensure that the organisation complies with regulations and voluntary standards. Environmental internal failure costs: costs incurred from performing activities that have produced contaminants and waste that have not been discharged into the environment. Environmental external failure costs: costs incurred on activities performed after discharging waste into the environment. mefielding.com15
Environmental Management Accounting Costs are applied Conventional costs Contingent costs Relationship costs Reputational costs mefielding.com16
Environmental Management Accounting Techniques ABC Input/output analysis Flow cost accounting Lifecycle accounting mefielding.com17
Part D 1) Important for cost minimisation Conventional costs Contingent costs Relationship costs Reputational costs mefielding.com18
Part D Could be written into procedures manuals for Cost calculation Financial reporting Project appraisal Staff appraisals/ recruitment Procurement Advertising Promotion /sponsorships mefielding.com19