Abstract:
EXAMINER’S GENERAL COMMENTS AND STANDARD OF THE PAPER
The paper described Bazar Stores Company Ltd (Bazar), a retailing store company
that started as a family business and has since spread to most reginal and district
capitals in Ghana with ongoing acquisition plan of Little Bee although not listed on
stock market with challenging finance data, incomplete. Among the market leaders in
Ghana, Bazar business model is not clear however there are number of challenges
including Chairman dictatorship, high employees’ turnover, low remuneration and
weak Human Resources and Organisation culture. As a result of the challenges, the
management attempted to introduce various measures but with limited impact on the
bottom-line profit. Corporate governance structure is not clear but made up of the
executive management and the Chairman. No clear coordination between Regional
Managers and District Management, resulting in mistrust due to unannounced visit
to shop flows. Supply chain management system is fragmented with manufactures
and small farmer who are segregated and treated differently resulting in tension
amount the key stakeholders due to the practices of discrimination.
The pre-seen was detailed and well-prepared candidates should have been able to
provide good answers in the context of the retail stores industry. The unseen scenarios
were interesting and presented some realistic questions on the industry.
The standard of the paper was extremely good, and the questions were clear with
preambles to assist candidates. The coverage was broad and in line with the syllabus.
The paper was heavy on the strategic application. All the questions were based on the
recommended syllabus and study material of the Institute. Marks allocation followed
the weightings in the syllabus and was fairly distributed to each question.
Description:
PERFORMANCE OF CANDIDATES
The overall performance of candidates was below expectation given how familiar or
relatable the industry is and the depth of information provided especially the preseen. Many appeared to be ill-prepared for this examination and did not demonstrate
the required level of technical knowledge and application of knowledge to the case
study. Overall, candidates performed very well, especially question number Four and
Six. There were a number of concerns relating to candidates performance in several
other areas, this applies to most of questions especially question one, five and seven.
In many cases candidates described wrong strategic models despite the fact that the
questions required specific models. Model application to the case study remains a
challenge to candidates resulting in loss of valuable marks to achieve a pass. All
answers must be applied to the case study and should bring in aspects of the pre-seen
information as well as the unseen (additional) information material. Answers which
are purely rote learning were quite common in some requirements and this approach
is awarded very low marks. There were also a number of candidates who gave very
theoretical answers and did not apply them to the case study. Many candidatePage 2 of 38
answers lacked depth of development and therefore, although demonstrating a basic
understanding and application of knowledge, they failed to accumulate sufficient
marks due to not developing their answers sufficiently. Some answers were just
shallow. Few candidates set their own question and answer which is very strange but
evidence of lack of preparation