This in turn has been made possible through the use of a tool called Balanced Scorecard. The report has been structured in a logical flow starting with the vision statement and the strategy the company needs to adopt in order to be en route of achievement of its vision in the long run. Later, the report provides a detailed balanced scorecard tailored according to the vision and the needs of company. It provides all four perspectives where organization needs to focus on in a proportionate and balanced manner. This is followed by a Strategy Map which is merely an extension of the scorecard, highlighting the strategies required to be implemented in order to meet each goal identified therein. Afterwards, the report contains recommendations made to the board of directors which are shaped to reflect all the prior observations, targets and strategies determined in the scorecard and strategy map. Additionally, the report provides an insight of the practical uses of balanced scorecard in various industries and companies of all sizes, alongwith its pros, cons and limitations. To: The Board, Go Ahead Group Plc. From: Subject: Vision statement, balanced scorecard and strategic map along with recommendations The following report covers all agendas to be considered, including balanced scorecard, vision statements, strategy gaps, recommendations to board and further discussion over how balanced scorecards can be used effectively in a company along with their limitations that render them lesser effective. Introduction Go Ahead Group Plc is engaged in the business of public transportation and currently holds largest market share in its sector. The entity visualizes itself to be a cost leader in the future market with a loyal customer following and a quality brand name. It is a profitable concern and conducts its business in a socially and environmentally responsible manner. It aims at securing market niches in urban and other similar areas and has an ever-growing clientele due to prime focus on customer satisfaction, quality standards and strict punctuality. The organization has been concentrating more on non-financial indicators lately to improve in those areas, enhancing its public profile instead of merely emphasizing on financial measures like profitability. The entity also has good liquidity position and no going concern issues. Vision & Strategy Vision At Go Ahead, customer satisfaction is our biggest motivating factor! We believe in providing reliable services on timely basis at lowest fares without compromising the quality standards. We take our business seriously and enforce safeguards against any ripples, created in the process, affecting our precious environment, our employees, our customers and the public at large. Strategy Our vision has been strategically incorporated into our business dealings and our practices and processes are designed precisely to reflect our ideology. These include: Objective Strategy Cost reduction Controlling costs by
Finance and Accounting Class Introduction to Finance & Accounts M004 (D01) Course Work 2 (CW2) April 2013 Student ID: Individual End-of-module Report Go Ahead Group Plc Table of Contents Topics Page Executive Summary_ 3 Introduction_ 4 Vision & Strategy_ 5 Balanced Scorecard_ 7 Strategy Map_ 12 Recommendations to the Board_ 16 Use of Balanced Scorecards_…
The assessment of the financials of the NEXT Plc in comparison with industry as well as sector portrayed considerably well thought strategy to sustain business in the competitive market. Share buyback strategy for maintaining share price and EPS of the NEXT Plc’s shares has been adopted to enhance value of the shares and shareholders.
“The acquisition of Woolworth by Paternoster made ways for a fairly small chain consisting of home development stores, known as B&Q. This was the commencement of decade comprising of chief expansions that led to one of the widest retail conglomerates of Europe.
The first part analyzes the Glaxo Smith Kline’s (GSK’s) annual report 2010 in relation to the accounting concepts and process if the Group fulfils the requirements of accounting policies. The financial accounting is the process of preparing and operating accounting information system and disclosing the prepared financial information to the stakeholders of the business.
It also assesses and supervises financial organizations for security and reliability. It also embarks on consumer-protection roles, and administers financial institutions in receivership. Insured institutions are required to put indicators at their business premises declaring that their deposits are supported by the full trust and credit of the U.S.
PD: the companys Preferred Stock Dividends 2. RP: the companys Expected Redemption of the Preferred Stock 3. RD: the company’s Expected Redemption of Debt 4. E: Expenditures for sustaining cash flows Dividend valuation model assuming a dividend cover of 2, a constant dividend in perpetuity and a cost of capital of 20% Triumph plc ?
Finance and Accounting, Essay. This study aims to advice Sparkle Plc. and its board of directors regarding the information that should be included in the annual report of the company along with the financial statements. Information that is significant and has to be included is termed as compulsory information according to the Company Act of 2006, while voluntary information is those which are important but optional and may be included at the discretion of the company.
Secondly, the fact that the enhanced disclosure is as well not enough and finally, there is the objective of realizing an improvement in the quality and the comparability of the financial reporting. During the analysis of the lessee’s financial position, it is evident that many users tend to want to capitalize operating leases through adjustments made to the reported financial information.
As put into words by Lee (1996, p32-37):
The earnings that are reflected in a company's financial statements are considered to be the most important evaluator of a company's stock. The companies tend to report enhanced earnings every year so as to assure the shareholders of their performance and profitability.
The chain of Comet electrical was bought by the company in 1984 followed by buying stores of Superdrug health and beauty in 1987”. (Kingfisher, 2011)
In the meantime, B&Q was expanding its out of town appearance in order to become the leader of home
As the discussion stresses the primary aim of the company is to provide best financial service to its clients all over the U.K. and presently has more than 28 billion worth of investor’s money. The company presently employs 1877 employees. The business also encompasses managing funds of charities and conducts estate planning.
10 pages (2500 words)Essay
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