M3 Interpret the contents of a trading and profit and loss account and balance sheet for a selected company explaining how accounting ratios can be used to monitor the financial performance of the organisation . Profit and Loss account. The P&L will not tell you about the underlying health of the business‚ such as how much money it owes or is owed and what the value of its assets are. It shows how much money did business made in a year. It records two things sales and cost/turnover.
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External analysis How can a smartphone company use external analysis to gain competitive advantage? 1. Apply 5 forces model for the smartphone industry According to Hill and Jones‚ the five forces model serves the purpose to identify opportunities and threats in the external business environment‚ by analysing “competitive forces” (Hill & Jones‚ 2012‚ p. 42). Once created by Michel E. Porter this particular framework functioned as a useful tool for managers to approach the external analysis
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Profit and Non-profit Organizations Lakeesha Grass PHI445: Personal and Organizational Ethics Instructor: Tom Snook October 13‚ 2014 Company Profile (Not-for-Profit- Organization) Profile of YMCA (Franz 2005) YMCA is the non-profit organization of my interest. YMCA is very interesting in development of communities as being a non-profit organization. In June 6‚ 1844 when YMCA were founded in London‚ England United Kingdom including its main goal is to put the principles of Christians
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Chapter 1 (page 4-19) Taking Risks and making Profits within the Dynamic Business Environment Business: Any activity that seeks to provide goods and services to others while operating at a profit. Profit is the amount of money a business earns above and beyond what it spends for salaries and other expenses needed to run the business operation. Goods are tangible products such as computers‚ food‚ clothing‚ cards appliances and services include intangible products which cannot be held in your
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External environment aims to help an organisation to obtain opportunities and threats that will affect the organisation’s competitive situation. External opportunities are characteristics of the external environment that have the potential to help the organization achieve or exceed its strategic goals. External threats are characteristics of the external environment that may prevent the organization from achieving its strategic goals. Therefore‚ organisations must formulate appropriate strategies
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set of skills‚ priorities‚ strategies‚ and resources that organize to collectively achieve the "specific aim" of making a profit. Ultimately‚ the first concern of commercial organizations is to make a profit for the owner‚ shareholders‚ or both‚ by providing products and services. To properly understand what a commercial organization is requires being aware of the many "for profit" activities commercial organizations participate in. Although not an exhaustive list‚ notable types of commercial organizations
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The external world consists of different stimulus and sensations that can affect an individual’s perception. The simple behaviour of watching the sunset can induce complex cognitive processes in the visual and auditory systems. 6:00pm With the onset of the setting sun‚ multiple components in the external environment begins to change concurrently. There is an increase in sound‚ both in volume and in intensity‚ relative to an increase in traffic and number of cars‚ the sound of crickets and birds
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For-Profit Education For-Profit education has been present for many years however has recently become a popular commodity. The for-profit educational world has been gaining popularity for a number of reasons. These include such aspects as access‚ student population‚ financial cost‚ etc. This paper will explore For-Profit education‚ a brief history‚ the students these institutions aim to serve‚ the intended focus of For-Profits and quality‚ the impact on higher education‚ and the roles of student
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influence the organisation members’ interaction and glue the organisation together. According to Schein’s (1992) model of culture; there are three levels of culture: artefacts‚ espoused values and basic underlying assumptions. The basic underlying assumptions are the essence of an organisational culture‚ which include taken-for-granted beliefs‚ perceptions‚ and ultimate source of values and actions. Once organisations have developed a set of assumptions‚ members within organisation follow the assumptions
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THE CONTEXT OF MANAGEMENT (MBA 591-1) An analysis of South African Broadcast Corporation’s Internal and External Environment. Prepared By: Wandisa Vazi (72112212) Date: 25 August 2008 TABLE OF CONTENTS Executive Summary………………………………………………………. 3 1. Introduction…………………………………………………………. 3 2. Analysis External Environment…………………………………. 4 2.1 Political Forces…………………………………………………………… 4 2.2 Economical Forces……………………………………………………….
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