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Turnerwood Plc Strategic Management - Case Study Example

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This paper "Turnerwood Plc Strategic Management" deals with financial strategic management issues of Turnerwood Plc which revealed a turnover of £33.7m and a pre-tax profit of £3.4m by the end of 2005. The company manufactures garden equipment and its sites are located in Derby, Uttoxeter, Burton. …
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Turnerwood Plc Strategic Management
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Download file to see previous pages The first part of the discussion deals with the analysis of the information and knowledge needs of the company. This would involve issues related to operations, inventory management and customer service. However, the company balance sheet and profit and loss accounts should be taken into consideration to analyse whether Turnerwood Plc is in a sound financial position. We discuss this possibility with the derivation of the measures of performance and also provide quantified statements to support the analysis.
Considering information and knowledge needs of the organisation, the company has largely focused on understanding consumer needs and has manufactured stock for anticipated sale along with longer production runs. However if demand is not as expected, the sale would be slow and in this case forecasting technique of what customers actually want in terms of value would be important in production, marketing and management (Walters, 1997). The sales invoice processes, the company balance sheet and profit and loss accounts provide some indication of the company means adopted for measuring performance and product analysis. These would be some of the important factors for information and knowledge management of the organisation. The company runs a computerised ordering system and accumulates sales and maintains an inventory for knowledge management and runs an upgraded information management system for its 1500 line items. The computerised information systems are operated for tasks such as purchasing, stock control, accounting ledgers, sales, payroll management and general expenditure management. The stock inventory, sales invoicing and accounting services are done with upgraded computerised systems. The most recent balance sheet available to the members of the strategy teams is given.  The balance sheet of the company shows that the fixed assets of the company by the end of 2005 is at £4608,000 and current assets are at £9871,000. Payable creditors of the company amount to £4941,000 with net assets at £9538,000. Bank loans are at £1300,000 with shareholder funds at £8238,000.  ...Download file to see next pagesRead More
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