Financial Strategy Statistics Project Example | Topics and Well Written Essays - 3000 words

Financial Strategy - Statistics Project ExampleLast year was a very challenging period for the company as its total operating profit fell from 500 million (in 2004) to 302 million in 2005 1.The company has set as its mission 1 the delivery of great aid and results through its people and the achievement of leadership in chosen foodservice markets. The basis for the achievement of the above target is the commitment towards the employees, the shareholders and the guests (Parnell, 2003). Moreover, the firm recognizes the need for high levels of customer satisfaction which it aims to achieve through the extension of its activities and the development of its relationship with the client. Towards, this direction the use of innovative strategical plans is been considered as a useful tool towards the add of the companys performance on a long-term basis (Hodgetts et al., 2003).Historically 4 strategic decision analysis focused on the effects on individual firms decisions were establish only when on firm optimization criteria, such as return on investment and net present value. Increasingly, firms are recognizing that their internal strategic choices affect their suppliers and customers however, handed-down firm profit-maximizing criteria (e.g., return on investment and net present value) often reject new and emerging technologies (Shank and Govindarajan, 1993)The firms strategy for the future has to be based on the effort to retain its place in its industry while trying to secure its level of development throughout the years (Winston, 2002). On the separate hand, the chosen plan has to be in accordance not only with the markets current trends but also with the companys financial strength and its ability to respond efficaciously in every issue appeared in the daily commercial transactions of the specific industry sector. The influence of particular elements has to be taken into account during the conception of the corporate strategy for the future (Pritsker, 19 97).In order to estimate the effects of the firms strategy in the future we could use the strategic cost management textile as stated by Shank and Govindarajan which 2 demonstrate the strategic power of value chain analysis, i.e., linking external value creating activities all the way from basic raw materials, to parcel suppliers, and through to the ultimate end-use product delivered to the consumers. Moreover, the specific framework helps to examine how cost management and cost control must be differentiated depending on the strategic positioning chose by the firm, be it cost leadership or product differentiation 2.Relative Market positionCompass Group is - as ever so stated - a leading company in its area of operations. Moreover, the company is listed on the London Stock Exchange and is a member of FTSE100 1. In addition, as always stated above, the firm currently operates in over 90 countries around the world, an achievement that supports its recognition as the leading compan y in the specific industry. On the other hand, the company has achieved to extend its activities through the establishment of a series of brands which currently dominate