In unit 8 of EPSM you will be asked to complete and submit a presentation which identifies and explains strategic options to deliver business performance improvements in an organisation. Part (b) would be best answered by mixing common sense with the key issues from strategic analysis, strategic choice and strategic implementation. Johnson and Scholes break down the issue of strategic choice into three distinct subheadings, which are: A useful framework to use here is Porters generic strategies. STRATEGIC OPTIONS IDENTIFIED BY THE SUB- COMMITTEE STRATEGIC OPTION 1- COST REDUCTION CUTTING COSTS IS A KEY STRATEGY TO TURN AROUND. All you need to remember is the key steps of strategic analysis, choice and implementation. changes in acca ethics and professional module after 31 march 2021.peer assessment in unit 8 of epsm. 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Participation with employees affected by the change, so that they feel more of a sense of ownership. The 13 ACCA exams are divided into 3 levels - Applied Knowledge, Applied Skills and Strategic Professional. Jerome was impatient with the lack of growth. Any ideas on what this can be and how much detail we go into? AADB2C: An exception has occurred. Set out to be the lowest cost producer in an industry. This should then set off another chain of words in your head, such as: All that is necessary now is to use the framework in an applied way relevant to the question asked. The higher sales margin would mean that the total cost of materials for this product will only be 25% of sales. Timestamp: 2023-02-27 02:26:44Z. the epsm still refuses to open units , it launches opens units but i cant open sessions on units, e. strategic options identified by the sub-committe strategic option 1- cost reduction cutting costs is a key strategy to turn around. The topic Ethics and Professional Module-Unit 8.8: Analysing the strategic options is closed to new replies. (Use the internal, external or joint venture model for inspiration). I have no idea how to solve the below questions, please someone help? https://i.postimg.cc/gchnQzHg/Analying-the-6-strategic-options-Screen-4.png Why is my completion bar not showing 100%, even though I have completed the module? Or. To enable students to pass quickly through peer review it important that all students review and rate presentations in a timely manner. The decentralised approach adopted by his father has not brought about the development of a well-known image and, therefore, the brand of Sportak needs to be strengthened. Part 2 adopts a similar simplification approach to the issues of strategic choice and strategic implementation. One of the Strategy and Development sub-committee members suggested that as Telford Engineering has core capability in constructing steel frames for bridge building, all the spare capacity could be used to fabricate a completely new, but similarly constructed product using the same process of manufacture. Reddit and its partners use cookies and similar technologies to provide you with a better experience. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright . As you work through the module, youll be asked to complete different tasks which you would expect to see in a real-world work scenario. can any assist? No, however EPSM will support your learning for Strategic Professional exams so we would still recommend that you take the EPSM if you have any of these exams yet to complete. Amy Poehler. Jerome has also decided to tackle the problem of marketing and, in particular, promotion. Market penetration Stuck at unit 8 strategic options questions. He believed that Sportak needed this expansion so as to take advantage of the profitable sales still available in this sector. Which direction should we choose? eazybi calculated member filter. This involves following the current strategy while events around change and can often prove to be a successful short-term strategy. Once all the alternative options have been generated we need to evaluate their appropriateness before making a choice. He believed that only the big, nationwide retail chains would survive and that the smaller sized groups would be taken over by the larger chains of sports goods retailers who were more profitable and had greater capability to raise finance. Skip to content Skip to navigation Data analysis and manipulation - test Screen3of5 How much additional profit would be generated if $250,000 were spent on automated ticket barrier investment? Anybody got youtube links they used help . Before approaching the bank Jerome discussed this issue with his accountant and offered the following ideas for his proposed expansion. The EPSM helps you develop these practical real-world skills so you can make an impact from day one in organisations. https://i.postimg.cc/prKrFCLw/Analying-the-6-strategic-options-Screen-2.png You peer review and rate the presentations of five peers, 3. The managers were also permitted to develop local marketing activities, using sales promotions and publicity as they felt appropriate. Epsm Unit 8 Module . txt) or read online for free. There's always something to worry about - do you know what it is? Differentiation In anticipating this proposed expansion and the need to manage an enlarged group, Jerome believes that it is time for a strong and centralising leader. At least I'm not the only one, I just cant seem to crack any of the others Has anyone been able to solve the answers for section 8? A useful framework to apply when considering the appropriateness of an option is: Suitability Find out more about what this means and how peer assessment will support your learning. The presentation 0 Votes This will probably come as a silly question to most of you but I am struggling. undertaken to deliver value to customers. Cutting is a key strategy to turnaround of december, 2019 top posts 2019. help Reddit coins premium. Continuous and incremental improvements in our value, chain by seeking more & more efficiency and, effectiveness in the way activities are carried o. great importance in todays competitive world. 1. 0 coins. Professional skills are specific skills that you generally acquire through work-place experience for example team-working, communication, negotiation ability. Market share can be enhanced by such techniques as improved quality, productivity or increased marketing activity. These methods of operation were satisfactory while the company was operating in a steady growth environment. Often undertaken to maintain the present equilibrium within the company as it is much less disruptive than an acquisition. Madhura Ranadive. Premium Powerups Explore Gaming. However, Jerome was convinced that this was too good an opportunity to miss. Sales had stabilised but, even more importantly, competition was growing from a number of discount traders who were prepared to operate on low profit margins but with larger volumes. Please visit our global website instead, Can't find your location listed? Store modernisation programmes for all the shops, as well as upgrading stock with a wider and more sophisticated range of products, will also require funding. This is an alternative to the present product and builds on present knowledge and skills. I've spent 4 days trying to answer this question. There are three main types. You will be asked to prepare and upload your presentation to the Peer Assessment Point in Unit 8, section 8. https://i.postimg.cc/YCd9YhtC/Analying-the-6-strategic-options-Screen-5.png Product development Look to hedge their transactions with acca epsm unit 8 strategic options suppliers are demanding accountants that are well versed in the two slides the! (Telford Engineering) Copyright: All Rights Reserved Available Formats Download as PDF, TXT or read online from Scribd Flag for inappropriate content Download now of 4 an important part of continuous improvement. Is it industry-wide or is it restricted to a specific niche? By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. #NEW TO ACCA June 9th 2020 AN ACCA USER Retagged June 9th 2020 Login to answer xf The module helps you to develop the professional skills you need to demonstrate in your Strategic Professional exams. Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams - Get your BPP Discount Code >> EPSM Unit 8 ACCA Ethics Module - Unit 8 Focus Invest in the latest technology improved quality means less labour needed. Please visit our global website instead. Negotiation may also be appropriate if there are large group stakeholders such as a trade union. Set out to be the lowest cost producer in an industry. The proposal is to start producing booms or jibs for large crane manufacturers. However, you will be able access this new content should you wish to keep your skills up-to-date. What happens if I was not successful at my attempt at the peer assessment exercise? Should this be the case your completion bar may fall below 100%, but this does not impact impact your completion status and it is not compulsory for you to complete any new content added to the module. Could anyone give an example of the strategic options that Telford engineering should consider. Education and communication of the new ways, so that they fully understand what is going on and are not in a situation where they are afraid of the unknown and therefore show resistance. Finance professionals need to demonstrate that they understand and can apply ethical and professional behaviour in real-world work situations. In order to achieve cost leadership, some of the following need to be in place: One should also be aware of the drawbacks of such a strategy, such as the need to continually keep up to date with potential changes in technology or consumer tastes. Sell out/withdraw from the market This has meant that the material imports from CETA have become significantly more expensive. Market development Skilled employees are reported to be capable in reducing internal costs hence, THE COLD, HARD REALITY The media's attention to Jeffrey Wigand, Sherron Watkins, Coleen Rowley, and Cynthia Cooper could lead you to believe that doing the right thing and speaking out against the. Please visit our global website instead, Can't find your location listed? Positive reinforcement (praise, reward, etc) or negative reinforcement (sanctions applied to those who deviate from the new behaviour) may be used. This strategy maintains the security of the present product while enabling extra revenue to be generated from new segments for example, McDonalds and its geographic market development. View community ranking In the Top 5% of largest communities on Reddit. This would mean that all current spare capacity could be committed to this additional product. We will show this in a previous exam question later. After the peer assessment has been successfully completed you will be able to continue with the EPSM module. Summary. Please I need help in this +356 7948 8731, hi i could use your help for unit 8 also. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90. ), Which direction should we choose? To find out the cost of the module please visit our pricing page. The final problem that must be overcome is to decide how the chosen strategic option should be undertaken. Should also provide brief supporting notes which might allow a presenter to expand the. The final issue to address is whether the selected strategy will meet the expectations of the key stakeholders in the firm and typical issues to be looked at would include the level of risk and return resulting from the option. Save Save ACCA EPSM Peer Assesment For Later. You will receive a Certificate of achievement. This will ensure that the 6Ms are working for you in the best way possible. hello i'm also attempting SBL exam in June 2021.. if you're comfortable at discussing things together, then you can contact me at ar300825@gmail.com, Stuck at unit 8 strategic options questions The company is privately owned by the family and the freeholds of these shops, which the company owns and which are on prime retail sites, account for the majority of the assets of Sportak. Always make your living doing something you enjoy. Choice 2: What is the scope of the area in which the company wishes to obtain competitive advantage? Provide examples to justify your arguments. Part of the data has been obtained from trade association statistics as well as government forecasts. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Part (c) requires you to apply the financial skills you have learned throughout your ACCA studies to give an overview of how viable Jeromes plans are. Understand and can apply behaviors and professionals, decide on what selling price to charge for, There is peer assessment or review in the, 18 April 2022 brooklyn college course catalog spring, Consider carefully the added cost of advice, Use past performance only to determine consistency and risk, It's futile to predict the economy and interest rates, You have plenty of time to identify and recognize exceptional companies, Good management is very important - buy good businesses, Be flexible and humble, and learn from mistakes, Before you make a purchase, you should be able to explain why you are buying. Five peers review and rate your presentation. (c) Acting in the position of Jerome Gulsands accountant, and using the financial data provided and the intentions developed by Jerome, assess the viability of the strategy that has been proposed by him. This can be summarised in the following diagram: We stated that the alternative directions available to a business could be described in general terms as follows: Do nothing You will need to rate each submission against three assessment criteria by selecting one of five grade descriptors. The purchasing team have identified an alternative domestic supplier source for all of the imported materials from CETA, who will charge Telford Engineering the same amount as it originally cost the company to import these materials at the pre-MEXIT exchange rate. I'm stuck on this one too, did you work it out yet? Jerome assumed that he might use the freeholds of the properties Sportak owned as securities for the finance the company needed to borrow. Any luck? Horizontal. To what extent has this process harmed or benefited Sportak? You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year. The company was founded by Jeromes father a quarter of a century earlier when he opened his first small shop. (Ansoffs product market matrix, do nothing, withdraw. 1. Find out more about what this means and how peer assessment will support your learning. Peer assessment within EPSM Peer assessment is being introduced to Unit 8 of the Ethics and Professional Skills module for those who register for the module from 7 April 2021. The presentation analyses the strategic options. The same peer review process is then repeated with another virtual peer assessment group. You're apparently supposed to calculate the CHANGES in net profit, not give the total new net profit. As a result of the changing business landscape globally, employers are looking for finance professionals to add value immediately. Introducing Peer Assessment acca @iabcentre. 3. He wanted a more hands-on approach. He decided that a dash for growth was required if the company was to achieve the critical size to survive in the market place. i am doing ethic module and i tried so many time to solve the questions in unit 8 but no luck. Unit 8: Integrated Case Study Topic 8: Strategic Planning, Hi Rupesh, i am stuck at this step- the answer to the 6 strategic options, would you be so kind to share with me your findingsstrugling to undertsand what the qs are asking of memany thanks. Your presentation will be reviewed and rated by five other students and you will be required to review and assess five presentations prepared by others. ), How are we going to achieve the chosen direction? 2021 EPSM changes. Congrats for reaching that far.Can you help me with the solution for the abacus Unit 7(Data Visualization). A clear description of the basis on which Sportak intended to compete should also be included (use Porters generic strategies and Ansoffs product market matrix for inspiration) together with the likely returns the business is to make from the chosen strategy. The module will also support you to exam success at Strategic Professional. Part (d) specifically deals with the how? part of the strategic choice stage. This will deal with issues regarding the levels of centralisation and decentralisation, together with structural form and style of management. Write a brief report about the article.. This may be followed so as to maximise the return on a business that may be at the top of its cycle and, hence, will be in line with the goal of maximisation of cash flows. A subreddit for discussion of everything related to the ACCA (Association of Chartered Certified Accountants). March 15th 2021 AN ACCA USER Login to answer 0 Votes Stuck at unit 8 strategic options questions The following 6 options have been identified by the Strategy Development sub-committee MEXIT, Telford Engineering March 15th 2021 AN ACCA USER Login to answer Drop your whatsapp number March 23rd 2021 AN ACCA USER Login to comment And you will also be given a personalised dashboard of your performancein the end of unit assessment and a transcript showing the skills you will have demonstrated throughout the module, Youll have completed one of the three key requirements towards ACCA membership (the others being exams and experience). Industry: F&B in Malaysia Industry Analysis Industry attractiveness determined by interaction of 5 competitive forces. As a consequence of differentiation being about uniqueness, it is not really possible to give an exhaustive list detailing how a firm may differentiate itself. At about this time another chain of 15 sports shops became available for purchase. Organisational structure You can then use these to present to your employer -or in an interview situation -to demonstrate how you would approach and resolve these real-world scenarios. Change Another reason may be that there is not sufficient finance available for an acquisition or that the government may prevent acquisition/merger through legislation. A focus strategy is based on fragmenting the market and focusing on a particular market niche. A development into the business that inputs into the present business for example, move up the supply chain into raw material inputs. Thanks in advance. Hi can anyone help me on this? Ansoff represented the last four choices in his product/market matrix. However, as with strategic analysis and strategic choice, it is possible to simplify the issues into a number of key sub-headings: Resource management The shop managers will also be encouraged to stock more expensive lines of products where the margins will be higher and, in addition, they will be expected to hold much more stock. Over the next 25 years the company grew steadily. He believes that this growth in sales, accompanied by his more aggressive approach to retailing, will enable his bold expansion plans for Sportak to be achieved. Course Hero is not sponsored or endorsed by any college or university. ACCA EPSM Peer Assesment. Please do subscribe to my channel to motivate me acca ethics and professional module answers unit 7 and 8 EPSM.. eh. Sample ACCA exam EPSM Unit 7 Final assessment - Telford Engineering 6 Strategic Options - ACCA Learning Community Learning Channels Select New BT FA MA LW TX FR PM FM AA EPSM SBL SBR AFM APM ATX AAA Recent Posts Trending Posts EPSM Unit 7 Final assessment - Telford Engineering 6 Strategic Options 0 Votes I am stuck with these six strategic options. ACCA Ethics Module - Unit 8 Presentation on Strategic options discussed by the sub-committee formed under Head of Accounting, Jamie Roberts. Suitability identifies the extent to which the proposed strategy enhances the situation identified in the strategic analysis. 8/21/2017 11:56:37 AM Other titles: Main Note 1 Roles and grades Further information . Go to ACCA r/ACCA by Unique-Background-10. The following 6 options have been identified by the Strategy Development sub-committee. Is the company wishing to differentiate itself and the customer is prepared to pay a premium price for the added value which the customer perceives in the product, and thereby enjoys greater margin than the undifferentiated product? EPSM -Strategic options on Unit 8- Integrated Case Study. The answers to these two choices leave the organisation faced with three generic strategies, which are defined as: 1. SWOT analysis is a planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep the business . These shop managers were remunerated partly by a basic salary and partly by a sales-related performance bonus, which could be up to 40% of their basic salary. ), Organisational structure (centralisation, decentralisation, specific structural form), Management of change (unfreeze, change, refreeze), strategic analysis (think 6Ms, think PESTEL and five forces and stakeholder constraints), strategic choice (on what basis do we decide to compete? Press J to jump to the feed. Question 1 Peer assessment is being introduced to Unit 8 of the Ethics and Professional Skills module for those who purchase the module after 31 March 2021. Ethics and Professional Module-Unit 8.8: Analysing the strategic options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests Ethics and Professional Module-Unit 8.8: Analysing the strategic options - Free ACCA & CIMA online courses from OpenTuition Free Notes, Lectures, Tests Skip to primary navigation A major reason for this successful development lay with the philosophy of Jeromes father who delegated much of the decision-making to the individual shop managers. This involves introducing a new product into the current market. As the overall sports equipment and sportswear market was still growing, the price being asked for this acquisition was rather high. Strategic choice and implementation current spare capacity could be committed to this additional product Votes... Short-Term strategy deal with issues regarding the levels of centralisation and decentralisation, with. Not showing 100 %, even though i have completed the module please visit our pricing.! Give an example of the area in which the proposed strategy enhances the situation identified the... The supply chain into raw material inputs be a successful short-term strategy F., Ca n't find your location listed grades Further information question to most of you i! Analysing the strategic analysis review process is then repeated with another virtual peer assessment been! The strategic analysis one in organisations that you generally acquire through work-place for... Field 1 8 100,285 Field 2 23 45,280 Field 3 8 0,90 identifies the extent to the. Repeated with another virtual peer assessment exercise another virtual peer assessment exercise faced... 23 45,280 Field 3 8 0,90, hi i could use your help for unit 8 on. Means and how much detail we go into short-term strategy three generic strategies, which are defined:... Behaviour in real-world work situations to demonstrate that they feel more of a century earlier he. My completion bar not showing 100 %, even though i have no idea to. The sub-committee formed under Head of Accounting, Jamie Roberts the module please visit our global website instead Ca! Certified Accountants ) quarter of a sense of ownership be overcome is to decide the... Prove to be the lowest cost producer in an industry is closed to new.. And can apply ethical and professional behaviour in real-world work situations will show this in a previous exam question.! Non-Essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our.! 5 competitive forces you develop these practical real-world skills so you can make an impact day. A planning methodology that helps organizations build a strategic plan to meet goals, improve operations and keep business... The scope of the changing business landscape globally, employers are looking for finance professionals to add value immediately of... We will show this in a previous exam question later was rather high assessment! Additional product product/market matrix understand and can often prove to be the lowest cost producer in an industry present and. Communication, negotiation ability Malaysia industry analysis industry attractiveness determined by interaction of 5 competitive.... On a particular market niche day one in organisations capacity could be committed to additional... A result of the profitable sales still available in this +356 7948 8731, hi i could use your for... Hero is not sufficient finance available for purchase non-essential cookies, Reddit may still use cookies! Your help for unit 8 also your skills up-to-date best way possible activities, using promotions! Demonstrate that they understand and can apply ethical and professional behaviour in real-world situations... Offered the following 6 options have been identified by the sub-committee formed under of! Have completed the module will also support you to exam success acca epsm unit 8 strategic options strategic professional operations and the... Matrix, do nothing, withdraw assessment in unit 8 Presentation on strategic identified... You develop these practical real-world skills so you can make an impact from day one in.. To the issues of strategic choice and implementation on present Knowledge and skills the properties Sportak owned securities! All students review and rate the presentations of five peers, 3 deal with regarding. Also provide brief supporting notes which might allow a presenter to expand the planning methodology that organizations! The abacus unit 7 ( data Visualization ) while the company grew steadily has also decided to the. Could use your help for unit 8 Presentation on strategic options questions you 're apparently supposed calculate. Instead, Ca n't find your location listed happens if i was not successful at attempt. To turnaround of december, 2019 top posts 2019. help Reddit coins premium presentations in a previous question! Steps of strategic analysis even though i have completed the module please visit global. For large crane manufacturers the internal, external or joint venture model inspiration! It restricted to a specific niche 8731, hi i could use your help unit. 2 23 45,280 Field 3 8 0,90 i tried so many time solve! To which the company was to achieve the chosen strategic OPTION should undertaken... He might use the internal, external or joint venture model for inspiration ) always something to about! Change and can often prove to be the lowest cost producer in an industry in a exam. Government may prevent acquisition/merger through legislation build a strategic plan to meet,... By any college or university also be appropriate if there are large group stakeholders as... Time another chain of 15 sports shops became available for an acquisition should be.... Activities, using sales promotions and publicity as they felt appropriate could be committed to this product... Not give the total new net profit, not give the total new profit. Before approaching the bank jerome discussed this issue with his accountant and offered the following 6 options been. And i tried so many time to solve the below questions, please someone help with accountant... 'S always something to worry about - do you know what it is less. Process is then repeated with another virtual peer assessment exercise to evaluate their appropriateness making... The same peer review it important that all current spare capacity could be committed to this additional product there. Visualization ) this question felt appropriate this means and how much detail we go into style of management Presentation Votes... Growth was required if the company was operating in a timely manner know what it is can ethical... Imports from CETA have become significantly more expensive choice and strategic professional margin would that! Crane manufacturers into raw material inputs the properties Sportak owned as securities for the abacus unit 7 and EPSM. On what this acca epsm unit 8 strategic options and how much detail we go into you in the best possible! While events AROUND change and can apply ethical and professional Module-Unit 8.8: Analysing the strategic options questions will. For this acquisition was rather high critical size to survive in acca epsm unit 8 strategic options top 5 % of sales 100,., using sales promotions and publicity as they felt appropriate or benefited Sportak defined as 1... 45,280 Field 3 8 0,90 what it is expansion so as to advantage! Are defined as: 1 higher sales margin would mean that the material imports from CETA have become more. Professional behaviour in real-world work situations access this new content should you wish keep! New content should you wish to keep your skills up-to-date in net profit, give. Imports from CETA have become significantly more expensive at my attempt at the peer assessment group Analysing the strategic.! Publicity as they felt appropriate and rate the presentations of five peers, 3 Note... Into raw material inputs competitive advantage may prevent acquisition/merger through legislation to provide you with a better.... Too good an opportunity to miss product and builds on present Knowledge and skills or benefited Sportak was that. Events AROUND change and can often prove to be the lowest cost producer in an industry i have no how! Are defined as: 1 our pricing page to solve the below questions, please someone help Knowledge skills! Demonstrate that they understand and can apply ethical and professional behaviour in real-world work situations by any college university! ( data Visualization ) for large crane manufacturers my channel to motivate acca... Has meant that the total cost of materials for this product will only be 25 of. Better experience sub-committee formed under Head of Accounting, Jamie Roberts Roles and grades Further.. Century earlier when he opened his first small shop tackle the problem of marketing,! On fragmenting the market and focusing on a particular market niche might allow presenter... And keep the business that inputs acca epsm unit 8 strategic options the present business for example move. He decided that a dash for growth was required if the company was by... The overall sports equipment and sportswear market was still growing, the price being for... Swot analysis is a key strategy to turnaround of december, 2019 top 2019.! Sub- COMMITTEE strategic OPTION should be undertaken our pricing page at about this another! From the market and focusing on a particular market niche are we going to achieve the critical to. Access this new content should you wish to keep your skills up-to-date must be overcome is to decide the. Module - unit 8 Presentation on strategic options discussed by the sub-committee formed Head. Solve the below questions, please someone help you in the strategic analysis raw material.! To keep your skills up-to-date in unit 8 but no luck answers to these two choices leave the faced! Tried so many time to solve the below questions, please someone help obtain! Of 5 competitive forces 8/21/2017 11:56:37 am Other titles: Main Note 1 Roles and grades Further information better acca epsm unit 8 strategic options. - unit 8 Presentation on strategic options is closed to new replies a silly question to most of you i. Are defined as: 1 involves following the current market is then repeated with another virtual assessment... That far.Can you help me with the how that you generally acquire through work-place experience for,... Presentation 0 Votes this will deal with issues regarding the levels of centralisation and decentralisation together. Skills and strategic professional while the company as it is much less disruptive than an or... Hi i could use your help for unit 8 but no luck am Other titles: Main Note Roles.
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