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Measuring Performance - Essay Example

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FDP – Impact of Change in Strategy upon Financial & Non-Financial Performance Introduction This report mainly analyses the different financial as well as non-financial indicators of the proposed strategy of FDP. The new strategy would bring certain structural changes as well as the financial changes in the company…
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Measuring Performance
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Download file to see previous pages This report is fundamentally structured in two parts such that first part of the report highlights financial analysis of FDP with the help of ratio analysis. Last part of the report evaluates the non-financial indicators through Balanced Scorecard. Conclusion is provided at the end of this report which summarizes the performance of FDP. Background Information Cut throat competition, shrinkage in profits and increasing redundancies turned out to be the prime factors that lead FDP to change its business strategy. The company’s streamline business used to have both non-urgent and urgent delivery system of the parcel from both mail order companies as well as from internet retailers. The normal non-urgent parcel delivery system used to take around 5 to 7 working days but due to excessively increasing and tightening situation of competition especially with the entrance of international players, it has become extremely difficult for FDP now to survive in such closed competitive environment of the non-urgent parcel delivery system. The board of directors of the company has realized all the situations and considered different options in order to boost the revenues of FDP. The final strategy that has been selected by the board is the discontinuance of the non-urgent parcel delivery system by replacing a fast urgent delivery system which would ensure that every parcel is delivered to its recipient within 2 hours of the order booking. Such adoption of the strategy requires significant amount of investment in the existing operations of the business as the company requires more infrastructure and advancements in its communication and information technology based machines. It is intended to provide the parcel delivery personnel a notebook computer along with a parcel scanner such that they are linked with the central database system of FDP. Through all this communication devices, the tracking, collection and delivery of parcels would be delivered with much more convenience as well as ensuring their delivery less than 2 hours. The board has also decided to charge the premium price in respect of the urgent delivery system from the customers. Impact of Implementation of New Strategy upon the Financial Performance of FDP This strategy would be implemented from 1 December, 2011. Therefore, the impact of the change in strategy would definitely change company’s financial performance for the upcoming year. The performance of the company in respect of its profitability, leverage, efficiency, liquidity and financing has been discussed as under: Profitability Profitability is the most highly concerned area of financial performance as it is the basis upon which every business decision is taken whether it is small as per company’s perspective or large. Whatever the decision the company takes, everyone is interested to know as what would be the impact of that decision upon the profitability position of the company. Generally there are few profitability ratios that actually highlight the profitability in terms of various different perspectives. Some of those ratios are discussed as under: Net Profit Margin The company was struggling to maintain a steady growth rate in terms of its Net profit Margin in the past two years but with the implementation of the new strategy, the company can stabilize the growth rate of net profit margin ...Download file to see next pagesRead More
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