Conduct an external market analysis

Assignment Help Other Subject
Reference no: EM132939473 , Length: 2000 Words

Aims and Objectives

The purpose of this assignment is to assess your ability to explore and analyse a company's wider environment, evaluate its financial performance and compare it with its competitors and finally provide a set of managerial recommendations for the company to stay competitive; while considering contemporary issues such as organisational culture, employee behaviour, etc. You are specifically expected to:

a) Choose ONE company from the list provided below.
b) Conduct thorough research around that company and provide some background information,
c) Conduct an external market analysis (macro & micro-environments),
d) Utilise your chosen company's relevant financial data and its competitors to calculate the different ratio(s) for evaluating the financial performance.
e) Make recommendations for the company based on the conducted analysis.

Learning Outcomes

The learning outcomes to be assessed are:
• Demonstrate an understanding of the external environmental forces that shape the business structure and their subsequent implications for the companies.
• Be able to use basic accounting and financial management skills.
• Articulate the principles of business and management and demonstrate a critical appreciation of their application in various settings.

Assessment Requirements

Structure
The report is expected to cover the aspects below and adhere to the prescribed format, detailed as follows:
• Front Cover- should be the first page of the report containing the report title (your chosen company), your name, and your student ID.
• Contents Page - this should contain the table of contents, i.e. list of all sections in the report along with their page numbers.

Part 1 - The first part of the assignments requires that you present essential information about your chosen company, such as:

I. Background: preliminary information that a reader must understand 'what' the report is all about and 'how you have presented the required information. You are expected to introduce the chosen company, its products and services, and a brief discussion around the business's structure, sector, and nature.

II. History: brief historical information about the chosen company (properly referenced) iii. Market Position: information on consumer's perception of the selected company about its competitors

III. External Analysis: There are two elements within the external environment; micro and macro. These environmental factors are beyond the control of organisations, but they still influence strategic decision-making. You are expected to analyse the external environment of your chosen company.

o The Macro External Environment Analysis involves using PEST analysis to identify and explore environmental forces that influence the company, its products or services. It examines the influences of business's political, economic, social, and technological factors (refer to the diagram below). The analysis of such outside influences allows an organisation to keep ahead of the competition and reduce the risks as they arrive.

o The Micro External Environment Analysis includes analysing all those micro factors that affect business strategy, decision-making, and performance. It involves assessing and analysing external environmental forces such as buyers, suppliers, competitors, new entrants, substitutes (refer to the diagram below). You are expected to examine how these forces influence the company.

Note: Analysis and discussion of the external environment (both macro & micro) should focus on the UK's environment ONLY. You are not required to present a generalised analysis of the global environment. Moreover, you are expected to use relevant literature and provide some examples, where appropriate, within the analysis to elaborate on the important points.

Part 2 - This part requires an analysis of your chosen company's financial performance in 2019 or 2020 against one of its direct competitors. You can use the companies' financial data on the internet (with proper referencing) and utilise it to calculate different ratios. You must use any these two ratios: net profit ratio, gross profit ratio, and return on assets ratio. You are required to describe and explain how these ratios assist in analysing the companies' financial performance.

Note: You are expected to analyse the important elements within your financial data and the subsequent ratio calculations.

Part 3 - The third part of your project requires you to make managerial recommendations. These recommendations should be based on the analysis conducted in Part 1 & 2. Also, you are expected to use strategic and operational recommendations (SWOT) to evaluate how your chosen company can work on improving its organisational culture and employee behaviour. It is expected that you will use /refer to/ review/ analyse the organisational and behavioural theories covered in this module and conclude how the company can succeed in an uncertain environment. You can use various theories of behaviour (i.e. classical theories) and organisational culture, either people's aspects or operational aspects (i.e. TQM, Kaizen).

Attachment:- Company analysis requirement.rar

Reference no: EM132939473

Questions Cloud

What is the value of ending inventory using full costing : The selling price per snow shovel is $31.00. There is no beginning inventory. What is the value of ending inventory using full costing
Explain ethical culture : Explain ethical culture. How can ethical culture affect stakeholders of an organization?
What is coca-cola staffing strategy : What is Coca-Cola's staffing strategy for managerial position
Which investor would considered the superior stock selector : If the T-bill rate was 8% and the market return during the period was 12%, which investor would be considered the superior stock selector
Conduct an external market analysis : Conduct an external market analysis and Make recommendations for the company based on the conducted analysis
Conduct a focus group discussion : Conduct a Focus Group Discussion (FGD) among five of your friends in your neighborhood who are interested to have their own business in the future. The goal of
What is the total amount to be budgeted : Manufacturing overhead is applied at a rate of 120% of direct labor costs. What is the total amount to be budgeted for manufacturing overhead for the month
What is the importance of service industry : What is the importance of service industry to the business organization and what will happen if it does not function well?
What was francisco company accounting profit : During the year, Francisco received P2,500,000 on these investments. What was Francisco Company's accounting profit

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd