We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Measuring Performance - Essay Example

Comments (0) Cite this document
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…
Download full paperFile format: .doc, available for editing
Polish This Essay92.5% of users find it useful
Measuring Performance
Read TextPreview

Extract of sample
"Measuring Performance"

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
Cite this document
  • APA
  • MLA
(“Measuring Performance Essay Example | Topics and Well Written Essays - 2750 words”, n.d.)
Retrieved from https://studentshare.org/finance-accounting/1397202-measuring-performance
(Measuring Performance Essay Example | Topics and Well Written Essays - 2750 Words)
“Measuring Performance Essay Example | Topics and Well Written Essays - 2750 Words”, n.d. https://studentshare.org/finance-accounting/1397202-measuring-performance.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Measuring Performance
Strategic planning is the process of defining a strategy and making decisions to allocate resources to achieve the strategy. Some techniques used are SWOT analysis, PESTEL analysis, and Porters 5 points. SWOT analysis evaluates the main internal and external factors that command the success of the business.
10 Pages(2500 words)Essay
Measuring Performance
Here, in case of Maldives Plc, revenue for 2010 is ? 49,800,000 and revenue for 2011 is ? 57,400,000. Now, Gross profit which is equal to revenue minus cost of good sold is ? 25,896,000 in 2010 and ? 26,978,000 in 2011. Thus, gross margin of Maldives Plc in 2010 was (25,896,000 /49,800,000) = 0.52.
4 Pages(1000 words)Essay
Measuring Performance
There is reason to believe that the findings of the situation analysis, selected forecasts and planning activities will offer a more transparent outlook of our revenue - generating potential in terms of company performance and future prospects. I am certain that Palisade Plc will not entertain second thoughts of acquiring half of the company if the aforementioned reports will be prepared and provided for the perusal.
10 Pages(2500 words)Essay
Measuring Performance
Similarly, forecasting tends to identify the profitability of the business plan and thus assists the organisation in decision-making (Prieskorn, 1975). Considering the importance of budgeting and forecasting in the development of an effective business plan, the paper will concentrate on the structuring of an effective business plan for Jengo Ltd.
10 Pages(2500 words)Essay
Measuring Construction Industry Performance
Despite of assistance from organisations such as income disaster assistance program, the contractors and investors ability to stand up on their legs is not improving since the profit of small investors are shrinking so quickly as the expenditure put on grows every year.
15 Pages(3750 words)Essay
Measuring Public Sector Performance
This observation provides the hypothesis for the research paper that measuring the performance of the public sector is more difficult compared with measuring the performance of the private sector. The discussion has five parts. First, organisational types and the importance of performance measurement are linked together and discussed.
12 Pages(3000 words)Essay
Measuring Team Performance
is a ‘four-step process of establishing performance standards based on the firm’s objectives, measuring and reporting actual performance, comparing the two, and taking corrective and preventive actions as necessary.’ The identification of the goals of an organization
3 Pages(750 words)Essay
Research Methods in Finance- False discoveries in mutual fund performance: Measuring luck in estimated alphas by Laurent Barras, Olivier Scaillet and Russ Wermers, The journal of Finance, 2010, 65(1), 179-216
The researchers conducted a multiple of hypothesis tests by simultaneously testing the performance of all resources in the target population (Barras, Scaillet & Wermers, 2010). Though an easy calculation of significant alpha cannot be used to
5 Pages(1250 words)Essay
Childcare Law and Policy: Risks, Rights, and Justice
Understanding and Responding to Youth Risk reviews the current social and penal policy responses to risk especially on policies of responsibilization and the effects they have on conditional rights. He also looks at the possible resistance that practitioners may have towards justice policies protecting problematic and risky youth.
9 Pages(2250 words)Essay
Performance management article
ent necessitates alterations to be made on the performance management systems and this ensures that the firms operate under the current conditions effectively. Performance measurement entails quantifying the effectiveness and efficiency of the system and consequently the
2 Pages(500 words)Essay
Let us find you another Essay on topic Measuring Performance for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us