Business And Financial Performance Essay

The PEST analysis helps to explain the critical factors in the organization's external environment. The factors include political, economic, social and technological. For Myer, these forces combine with the internal factors, and other external factors like competition. The Australian consumer goods retail market is worth $121 billion (IBISWorld, 2012) but is heavily fragmented. Myer is the third-largest company in the industry behind David Jones and Harvey Norman, but with $3.158 billion in sales holds just 2.6% market share (Myer 2011 Annual Report). This implies that competition is only one of many factors that can contribute to the company's results. This PEST analysis will help to identify the other major factors.

The provision and use of personal protective equipment could include using gloves, glasses, earmuffs, aprons, safety footwear, dust masks.

I would suggest to a company to use the SWOT technique to find their strengths, weaknesses, opportunities and

It is always important to know the value, strengths, and weaknesses, of a company to make proper assessments

Financial statements are used to determine the business activities of a firm and the role of accounting analysis is to determine the accuracy and quality of the information provided. This analysis would look into the degree of its accounting figures captures its business reality through the policies used and its resulting noise, potential forecast errors and its impact on Myer’s profit.

Assignment #1 - Leon’s versus The Brick etc.) have a vested interest in understanding inherent risks of engaging in economic activities with such companies. In addition to periodic and timely filing requirements for publically traded companies, market based share price data is readily available through most online news networks or major stock exchange websites. Yet another touch point for the financial analyst to access relevant and valuable business intelligence on a timely basis.

PEST ANALYSIS ON TARGET CANADA BY GRACE NWACHUKWU. October, 2014 Business News Daily, 2013 explained PEST Analysis (Political, Economic, Social and Technological Analysis) as how those external factors can affect a business’s activities and performance… The article further explained that aside the fact that some organizations already have factors affecting their performance, there are some factors outside the organization that can determine the positive result of business. For those organizations to determine how those factors outside the organization can be of positive impact, they decide to conduct a PEST Analysis.

Macro environment is crucial to the development of a company. All the external factors can have huge positive or negative influences on Travis Perkins plc, therefore a better understanding of the environment of the company is of supreme significance (Peng & Nunes, 2007). Among all the analysis tools, PEST analysis is one of the most effective tools to analyze the external environment of a company (Riley, 2012). This part will demonstrate PESTLE analysis of Travis Perkins plc below. The result of PESTLE analysis can be demonstrated in the following table 1.

The world of business has undergone radical and dramatic changes in the last decade changes that present extraordinary challenges for the contemporary manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling the activities of the organization so that the goals can be achieved. According to a widely referenced study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and decision-making. Management is process of administrating and coordinating resources effectively and efficiently in an effort to achieve the goals of the organization.

These areas have been identified by completing a internal analysis of the company. This is not a full list of strengths nor weaknesses but support the idea of the importance of an internal analysis.

No business is isolated from its environment. It is necessary for all businesses to consider the impact of environment on their business operations. PEST analysis is a useful mode to analyze the changing business environment, (PESTLE analysis, CIPD). It bifurcates the external environment in to various dimensions such pas Political, Economical, Social and Technological.

PEST Framework Every industry is inevitably confronted with environmental forces which cannot be influenced but which affect each business in the success of its long-run strategic decisions (Kotler, 2008). These

In order to better understand the industry it is important to look at the environment that surrounds it, which will influence how companies operate and perform. I will use the pest analysis in order to analyze the external environment of the industry, and further understand the implications of these trends,

Organisations have adopted integrated reporting to strengthen the communication of their overall performance to internal and external stakeholders. Consumers are becoming increasingly aware of the environmental and social impact corporations are having on the planet. As a result of the conscious consumer the types of information reported by entities in their annual reports and media releases are becoming more focused on portraying a green image. This change in the nature of reporting has given rise to the debate of if a company should be socially and environmentally responsible when they were designed to only think about profit. In addition to the idea that corporations should be reporting on a wider scope of their impact, there has been discussions on the regulation of the reporting of non-financial performance and if this information have the same qualitative characteristics that the financial information is required to follow.

The assignment aims to provide an overview of the important measures needed in order to evaluate the financial and business aspect of an organisation.