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ESM710 : Organizational Improvement
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ESM710 : Organizational Improvement
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Course Code: ESM710
University: University Of Tasmania
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Country: Australia
Question:
1. Review the variations in projected organisational outcomes including:a) Financial b) Budget c) Policy changes d) Business’s Objectives e) Key Performance Indicatorsf) Discuss whether the goals of the organisation are being met 2. Review the following and discuss whether the goals of these documents are being met:a) Financial b) Budget Policy c) Business Objectives d) Key Performance Indicators 3. Using standard financial analysis, review the trends in performance for the past 3 years and comment on any changes you have identified.4. Review the organisations non-current liabilitiesa) Has this increased/decreased over time b) Examine any alternative finance options that could be used to manage debt reduction in your chosen company. (3 marks)5. Based on the information you have gathered on this organisation undertake a SWOT analysis. From this evaluation, recommend improvements to the overall financial processes in the organisation. Identify from the financial reports if the company has been impacted by environment factors? Consider the following whilst undertaking the SWOT analysis.a) The organisations attitude to risk b) Debt to equity ratio c) Decision making authorities d) Budget creation e) Market profile f) Resource Managementg) Information technology requirements
Answer:
Review of the variations in projected organizational outcomes
Financial
From the annual report of the chosen company of Woolworths the financial outcome of current ratio of Woolworth declined from 0.83 in 2016 to 0.78 in 2017 indicating a decline in the company’s ability to honour its short term debt (Beauchaine, Theodore P., Itzhak Ben-David, and Aner Sela).
Policy changes
The company has a policy that is consistent; therefore no change in the company policy can be identified.
Objectives of business
The objective if the company of Woolworths is profit maximization and ultimate consumer satisfaction.
The goals of the origination
The goals of the organization are to maximization of the satisfaction of the consumers.
Review of the financial outcomes of the chosen company for three years
Financial ratios are financial measures that indicate financial performance of a business. Through trend analysis, the company can trace its performance and compare it with that of competitors and peers. Woolworth’s current ratio declined from 0.83 in 2016 to 0.78 in 2017 indicating a decline in the company’s ability to honour its short term debt obligations (Wang, Zhenkun, and Yihan Wang). The quick ratio increased from 0.15 in 2016 to 0.18 in 2017 indicating an improvement in the company’s ability to owners its long term obligations. The asset turnover of the company declined from 2.46 in 2015 to 2.40 in 2017. Return on assets declined from 8.66 in 2015 to 6.61 in 2018.The net income increased from a negative profit of 1,235 million AUD in 2015 to a positive profit of 1,534 M AUD in 2016 and 1,724 million AUD in 2017.
Review of the organizations non-current liabilities
The change in the non-current liabilities over time
Non-current liabilities are obligations of the company that are due in a period of more than one year. Woolworths long-term debt was 3076M US dollars, $ US 3868 M, and AUD 2,775 million in 2015, 2016, and 2017 respectively (Vogel, Harold L.). Added with other non-current liabilities, the total liabilities were AUD 5,334 M, AUD 6,039, and AUD 4,566M in 2015, 2016, and 2017 respectively. The statistics indicate that there was a decline in total non-current liabilities between 2016 and 2017.
Alternative finance options that could be used to manage debt reduction
Apart from debt financing, the company can finance its business through equity financing and minimizing on debt (Tracy, John A., and Tage Tracy).
Swot analysis of the company
SWOT analysis is a strategic management technique that identifies strengths, weaknesses, opportunities, and strengths of a company. Woolworths’ businesses are exposed to strategic, operational, financial, and compliance risks that are exposed to retail and online businesses. It’s has a risk averse attitude and hence given two investments with similar returns and different risks, Woolworths would take an investment that has less risk (Buehlmaier, Matthias MM, and Toni M. Whited). The company has risk management strong risk management team that analyses possible investments before selecting one that suits its risk tolerance. Its attitude is strength than enables it to avoid huge losses. Its decision making authorities are a key resource that facilitate prudent decision making on investments. The resource management strategies of the company are efficient and thus are a strength that enables Woolworths to overcome competition.
Woolworths has the opportunity to exploit the advancement in technology by selling and marketing its products on the internet. The internet presents an opportunity for online marketing campaigns through social media platforms such as twitter (Muda, Iskandar, et al). The budget creation process is still ineffective and thus is a weakness to the company. The retail business market profile is a threat to the company since ecommerce is taking over business from physical retailers.
References:
Beauchaine, Theodore P., Itzhak Ben-David, and Aner Sela. “Attention-deficit/hyperactivity disorder, delay discounting, and risky financial behaviors: A preliminary analysis of self-report data.” PloS one 12.5 (2017): e0176933.
Buehlmaier, Matthias MM, and Toni M. Whited. “Are financial constraints priced? Evidence from textual analysis.” The Review of Financial Studies 31.7 (2018): 2693-2728.
Muda, Iskandar, et al. “THE INFLUENCE OF HUMAN RESOURCES COMPETENCY AND THE USE OF INFORMATION TECHNOLOGY ON THE QUALITY OF LOCAL GOVERNMENT FINANCIAL REPORT WITH REGIONAL ACCOUNTING SYSTEM AS AN INTERVENING.” Journal of Theoretical & Applied Information Technology 95.20 (2017).
Tracy, John A., and Tage Tracy. The Comprehensive Guide on How to Read a Financial Report,+ Website: Wringing Vital Signs Out of the Numbers. John Wiley & Sons, 2014.
Vogel, Harold L. Entertainment industry economics: A guide for financial analysis. Cambridge University Press, 2014.
Wang, Zhenkun, and Yihan Wang. “Analysis on the Market Effect of Errors in XBRL Formatted Financial Report of Financial Enterprises.” Proceedings of Annual Paris Business Research Conference. 2015.
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