...Corporate Evaluation of Philip Morris International Study Programme Master of Business Administration (MBA) Module: Assignment: Course Instructor: Financial Management No 1/1 Authors: Student ID Number: 1st Academic Semester 2013 Place, Date Dortmund, 28th February 2014 Corporate Evaluation of Philip Morris International I Executive Summary The task of this assignment was to evaluate a company (if possible, listed) by two different evaluation methods: DCF method and multiplier method. The DCF analysis is divided into two separate evaluations: DCF entity method (WACC) and DCF equity method. In addition to calculating a corresponding theoretical foundation as well as a critical analysis of assessment methods / results was expected. Philip Morris International, as one of the biggest cigarette sellers of the world, is evaluated in this assignment to date of 31st December 2012. During evaluation by multiplier method the multipliers “price-earnings-ratio” and “market capitalization / EBITDA” were chosen and as peer companies British American Tobacco p.l.c., Imperial Tobacco Group p.l.c. and Japan Tobacco Inc. were used. The result of Philip Morris International evaluation by multiplier method is a value between $111 billion and $160 billion. The theoretical analysis of the different evaluation methodologies indicated that an evaluation by multiplier method can only give a rough guidance of the real corporate value. The evaluation by DCF method result...
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...Managing Change in Organizations Assignment MANAGING CHANGE IN ORGANIZATIONS Case Study of Procter and Gamble (P&G) Introduction The world of business is facing different changes in the environment which create opportunities and threats. As a result, businesses make changes in different processes that are related to work place more abruptly and often compare before. This is because these changes can influence the speed and quality of the performance of companies including:acquisitions, merging, innovation, restructuring and downsizing which can result to the growth of climate of uncertainty (FEAP n.d.). Currently, the business world is facing different changes that are related to technology, regulation and competition and economic condition which affect theperceptions and behavior of the customers and other stakeholders of the company. Due to this, change is considered as inevitable in the world of business, because change constitute growth and development. According to Peter Drucker, any change in any organizational culture and management is considered as normal and healthy (cited in Dulebohn 2006, p. 37). It will be impossible for any business to grow and improve without improving any changes in order to cope with the changes happenings in the environment it’s operating. Any change to be done inside and outside the organization can help the entire organization to adjust to the current situation of the market and industry, by improving...
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...methods to your product/service 3. Identify customer requirements using the Kano analysis 5 methods including explanations. A completed example of the use of one method List of customer requirements/needs: minimum 10 WANT i i WANTs minimum 10 MUSTs minimum 5 DESIRABLEs Customer satisfaction Stakeholders and their expectations Service: Hotel Guests Reliability Good i G d price Employees Compensation/ reward Job security Owners Profit P fit Solidity/Stability Contractors Good business relation Safety Suppliers Long term relationship Timely payments Government: Compliance with regulations Human Safety Competitors Information sharing I f ti h i Benchmarking Advertisements companies Payments on time Adequate information Communities such as city council. Social service Follow ethical conduct. Share Holders Profit. Stability Customer satisfaction Tools for capturing customers needs 1. 2. 3. 4. 5. 6. 6 7. Service: Hotel Tools for capturing customers needs p g Customer surveys (Questionnaire) Focus group Customer Interviews Customer F db k F C t Feedback Forms Warranty claims Market research Benchmarking Customer satisfaction Questionnaire Template 0 Features Electrical Safety Overall Hygiene Variety of Restaurants y Swimming Pool Gymnasium and Health Centers Spa Interior Design Location (CBD) Not a need 1 Strongly disagree 2 Disagree 3 Neutral 4 Agree 5 Strongly...
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...CEO of Company G As per your request I have done an evaluation of the company G financials, comparing Fiscal year 11and Fiscal year 12. I have chosen to evaluate the financials through thirteen (13) key financial Ratios. Below, you will find all thirteen (13) Ratios along with an explanation of those ratios, an evaluation and justification of all thirteen (13) ratios as a strength, weakness or satisfactory condition, and I will compare (where possible) these ratios to available information from other companies within the home center industry. Any and all financial information of Home Depot, Lowes and Orchard Supply Hardware Stores was retrieved from either www.nasdaq.com, or www.morningstar.com and I did use data sets from their fiscal year 2012 numbers. The evaluation of all thirteen (13) ratios is as follows. Current Ratio: For fiscal year 12 the current ratio is 1.77, and in year 11 it was 1.86. In my opinion, this ratio is a weakness, and should be watched as it shows a downward trend from the previous fiscal year. While any ratio over one represents that the company could repay their debt if required to, it is not as stringent of an indicator as the acid test ratio. It does take into account inventory which is up approximately 32 percent, and even with the increase in inventory and an increase in net sales, gross profit and Net Earnings, the current ratio shows a decrease year over year. In comparison with comparable companies such as Home Depot and Lowes, Company G shows...
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...MANAGING CHANGE IN ORGANIZATIONS Case Study of Procter and Gamble (P&G) Introduction The world of business is facing different changes in the environment which create opportunities and threats. As a result, businesses make changes in different processes that are related to work place more abruptly and often compare before. This is because these changes can influence thespeed and quality of the performance of companies including: acquisitions, merging, innovation, restructuring and downsizing which can result to the growth of climate of uncertainty (FEAP n.d.). Currently, the business world is facing different changes that are related to technology, regulation and competition and economic condition which affect the perceptions and behavior of the customers and other stakeholders of the company. Due to this, change is considered as inevitable in the world of business, because change constitute growth and development. According to Peter Drucker, any change in any organizational culture and management is considered as normal and healthy (cited in Dulebohn 2006, p. 37). It will be impossible for any business to grow and improve without improving any changes in order to cope with the changes happenings in the environment it’s operating. Any change to be done inside and outside the organization can help the entire organization to adjust to the current situation of the market and industry, by improving and adjusting the culture and other important internal...
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...methods to your product/service 3. Identify customer requirements using the Kano analysis 5 methods including explanations. A completed example of the use of one method List of customer requirements/needs: minimum 10 WANT i i WANTs minimum 10 MUSTs minimum 5 DESIRABLEs Customer satisfaction Stakeholders and their expectations Service: Hotel Guests Reliability Good i G d price Employees Compensation/ reward Job security Owners Profit P fit Solidity/Stability Contractors Good business relation Safety Suppliers Long term relationship Timely payments Government: Compliance with regulations Human Safety Competitors Information sharing I f ti h i Benchmarking Advertisements companies Payments on time Adequate information Communities such as city council. Social service Follow ethical conduct. Share Holders Profit. Stability Customer satisfaction Tools for capturing customers needs 1. 2. 3. 4. 5. 6. 6 7. Service: Hotel Tools for capturing customers needs p g Customer surveys (Questionnaire) Focus group Customer Interviews Customer F db k F C t Feedback Forms Warranty claims Market research Benchmarking Customer satisfaction Questionnaire Template 0 Features Electrical Safety Overall Hygiene Variety of Restaurants y Swimming Pool Gymnasium and Health Centers Spa Interior Design Location (CBD) Not a need 1 Strongly disagree 2 Disagree 3 Neutral 4 Agree 5 Strongly...
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...phone. Now, It is debating how to modify its go-to-market strategy and how to add telesales to improve sales force productivity. Should Centra concentrate on the enterprise customer and exclude small and mid-size corporations ? OR Should Centra ‘fish where the fish are biting’ ? Ⅱ ANALYSIS The market for Corporate eLearning and eMeeting the market for eLearning and eMeeting 11 12 10 8 6 4 2 0 1.1 1999年 2004年 The number of Delivery Platforms Vendors the number of Delivery platforms vendors The one that wins the broadest installed customer base in the least time, 20 20 15 10 5 0 3 survive! ANALYSIS (Continued) Competitors The competition among 20 vendors is very fierce. Comparison between three typical companies is as follows. revenue($'000) sales spending 25000 51000 revenue per customer($'000) technology sales process customers simple telesales 3300 7.58 WebEx field sales, telesales and enterprise sales sophisticated 23000 4673 440 52.27 Centra enterprise sales; single-source vendors sophisticated 2200 20 110.00 Lotus Not available ANALYSIS (Continued) technology Positioning sophisticated simple revenue per customer ANALYSIS (Continued) Straightforward strategy Market leader in sophisticated end Products from simple to sophisticated R&D capability Rapid growth markets Merger waves The friction between telesales and field sales Bad financial situation Penetration...
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...task. Burke’s annual Workforce Perspective® survey shows that while 70% of employees receive an annual performance review, less than half believe the review effectively evaluates their performance. And, just over 60% find the feedback useful in helping them to improve job performance. To put this all in context, linkage research shows that employee engagement is linked to customer loyalty and organizational performance. Further, performance management and career development are both strong drivers of employee engagement. Giving these topics the attention they deserve is vital to individual and organizational success! Performance Management is more than just an annual review. It encompasses the entire process of employee performance evaluation and feedback and includes goal setting and coaching. Done effectively, it also includes the creation of development plans to address current performance issues as well as maximize future performance and career potential. “Feedback is the breakfast of champions.” Ken Blanchard What Are the Characteristics of a Successful Performance Management Program? An effective Performance Management program requires a structured process that includes: – Setting objectives – Clearly defining performance criteria – Assessing performance – Providing ongoing feedback and coaching – Having an annual formal performance review linking rewards and recognition to performance – Having a career development plan in place It is also crucial to ensure a high...
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...P&G Strategic Management Case Analysis Company description and its businesses P&G is a multinational firm that offers a wide variety of products globally. The firm products can be categorized into three major categories, which include: health and wellbeing products, beauty and grooming products, and household items. The products are sold in different merchandises across the world. The firm had previously produced Crisco Shortening, peanut butter, Folgers coffee, and orange drink products, however, the firm stopped producing them due to low stock turnover. The firm was founded in 1837 in Ohio by James Gamble and William Procter with an aim of producing quality products in the market (Badal 546). P&G Company is rated one of the best performing firms due to its high profit and a high growth rate. In addition, its products such as soaps have been rated highly due to their quality. The firm success has been attributed to its innovation strategy, which ensures that the firm produces new brands in the market to address the need of the consumers (Badal 546). The firm has twenty-four main products that contribute to high returns due to their huge sales in the market. In addition, the company has a 17% market share in the U.S., which shows that the company if performing well in the market. The main product that has the highest sales in the market is pampers, which has an annual sale of over $9 billion in the market (Badal 546). Vision statement P&G does not have...
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...life. This is the case of Tony Kurtz . Most of the people hope to have a job that allows them to do some activities after work, to have a life outside the company. It is difficult to accept the conditions of work of the four managers. But few people accept to work like four managers. They accept because they like them work or working is a need for them. So these are the only individuals who would be attracted to those jobs with such terms. Despite the extreme nature of the jobs that can’t satisfy lot of workers, despite the high compensation and pay, these four managers’ jobs would be appreciated by people who think that jobs and their constraints are challenges. They accept challenges. Irene, John, Tony, and David show that they are motivate despite the conditions imposed by their work .they are satisfy by them work too. This satisfaction justifies their implication in the organization and also that they accept the conditions as a positive challenge. It is motivation and satisfaction that permits to work despite work pressure. 2 –what characteristics of these jobs might contribute to increase level of job satisfaction? Irene, John, Tony, and David have stable jobs because they are top managers. They are even envied for that. Also their position in the company allows them to control many situations. They take decisions in company. They have autonomy and independence in them jobs. Travel for working is an important asset when most Americans say that they want to have a job that offers...
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... 5. Strategic Formulation 16 - 17 6.4. Recommendation for Alternative Strategies 17 - 19 6.5. Selection of Alternative Strategy 19 6. Strategic Implementation 19 - 20 7. Evaluation and Control 20 - 22 8. Reference / Work Cited 23 - 26 1. Executive Summary The objective of this case study is to assess the Procter & Gamble (P&G) corporation within its current environment by evaluation of its present performance with in its industry (Hunter, 2009). The assessment is based on information provided in the 2007 case study by Professor Shamsie and Eisner as well as various other secondary research materials. The objectives of the case analysis are to point out potential problems with P&G, conducting a SWOT analysis, strategic Porter Five Forces analysis, reviews various recommendations to the problems stated and implement a strategic recommendation. Regarding the problem in this case, as research will show, P&G’s faces three major problem areas within the organization. The problems reach from struggle with sustainable product innovation, increased reliance on one sided distribution channels and leadership in-cohesiveness within the company. To support these assumptions, comprehensive environmental scanning has been conducted through a SWOT and Porter Five Forces analysis. The result of the environmental scanning process...
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...Background of the company Procter and Gamble was first founded in 1837 by William Procter and James Gamble. P&G carries about more or less than 50 top names products with the headquartered located in Cincinnati. Procter and Gamble is one of Americas largest company that sells multinational consumer goods. The product ranges varies from personal care, pet foods, diapers, cleaning supplies, medications and etc. The hundreds of different brand that P&G carries is available all around the world in more than 180 countries. In what line of business is the company? Procter and Gamble is considered as the personal products industry. However, in the personal products industry there are many different sectors and P&G is consider as the consumer goods sector. P&G is part of the consumer goods sector because of the different varieties of products that are carried. The ranger of product that are carried can go from beauty products to cleaning to supplies for the household. What is the nature of its products? The nature of Procter and Gamble’s products are beauty, home care, health, family care, grooming and baby care. What is the firm's distinctive competence? Procter and Gamble has five main core strengths that are being focused on in order to succeed in the consumer products industry. First core value of P&G is understanding the consumers, each year P&G does market research in more than 100 counties to see what will help them better serve their consumers and innovate their...
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...O&G Request for Information O&G E&P Purchase-to-Pay Process Management Tool This Document contains O&G confidential and proprietary information and must not be shared with any third parties without O&G written consent. Acceptance and use of this Document constitutes agreement to this condition. TABLE OF CONTENTS 1. INTRODUCTION 1.1 INTRODUCTION 1.2 OVERVIEW 1.3 OBJECTIVES 1.4 TIMELINE 1.5 EVALUATION CRITERIA 1.6 GENERAL INSTRUCTIONS 1.7 CONTACT INFORMATION 2. SCOPE & RESPONSE 2.1 SCOPE 2.2 RESPONSE 3. DRAFT AGREEMENT 4. COMPANY INFORMATION 4.1 QUESTION: COMPANY NAME 4.2 QUESTION: YEAR FOUNDED 4.3 QUESTION: PUBLIC / PRIVATE 4.4 QUESTION: NUMBER OF EMPLOYEES 4.5 QUESTION: ORIGIN, EVOLUTION AND GROWTH (BRIEF DESCRIPTION) 4.6 QUESTION: FINANCIAL PERFORMANCE RESULTS LAST 2 FISCAL YEARS (PROFIT & TURNOVER) 4.7 QUESTION: WEBSITE URL 4.8 QUESTION: CONTACT INFORMATION (NAME, POSITION, E-MAIL, PHONE NUMBER) 4.9 QUESTION: OFFICE LOCATIONS AND STAFFING LEVELS 4.10 QUESTION: DESCRIBE YOUR SUPPORT HOURS 4.11 QUESTION: DESCRIBE THE COMPANY VISION AND STRATEGY 5. FUNCTIONAL AND BUSINESS REQUIREMENTS 5.1 OVERVIEW 5.2 VISIBILITY AND REPORTING 5.3 WORKFLOW AND COLLABORATIVE BUSINESS PROCESS AUTOMATION 5.4 WORKFLOW AND COLLABORATIVE BUSINESS PROCESS AUTOMATION 6. BUSINESS REQUIREMENTS 6.1 BUSINESS PROCESS OPTIMIZATION 6.2 SOFTWARE FLEXIBILITY AND NEUTRALITY 6.3 SOLUTION/SERVICES...
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...on the factory visit to the adhesive plant of Fast Group in Tejgaon. Information has been gathered mostly through face to face interview and according to your requirements. We have put in our best efforts to fulfill the criteria required by this term paper. We humbly request your acceptance of the submission of this term paper. Yours sincerely, ZR-65 Sazid Ahmad RH-118 Fabbiha Zahin RH-78 Afsin Ahmed ZR-122 Ahmed Istehad ZR- 79 Johan Ahmed RH- 123 Sababa Tania Shiney RH-82 Nuzzat Salsabil ZR- 127 Ahmed Muntasir Mahin RH-87 Shagufta Tasnim Nur ZR- 128 Md. Al-Amin RH-88 Anika Tabassum ZR- 98 Md. Abdullah Al- Zabir ZR 103 Manis Das ZR-108 Imrul Hasnat Shakil ZR-111 Mohammad Jishanur Rahman Rumi iii | P a g e Executive Summary FAST group, starting its journey in 1993 has now become a major player in the adhesive industry of...
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...customers, and shareholder loyalty. Ways this will be achieved is through a carefully planned and implemented strategic plan. The strategic plan and other considerations for Procter and Gamble (P&G) will be outlined and detailed throughout this discussion. Importance of Proctor and Gamble having Strategic Plan For a company to be successful there needs to be a set of plans to achieve success. Strategic planning is geared toward specific results that a company needs to achieve and establishes a specific direction of action for goal attainment. Good strategic plans ensure that different departments of Proctor and Gamble work together to align themselves with the goals set by the business. Preparing a strategic plan is not a difficult task, it takes thought from the top all the way down to the employees, especially feedback from consumers concerning the company. Thought out strategic plan will span two to five years and details how the company will develop and succeed over that planning period. Procter and Gamble have created four divisions within the company to ensure each department remains competitive and relevant with a level of autonomy. The four divisions are as follows; beauty, health and grooming, fabric and homecare, and baby, feminine and family care. The company was so massive; they needed to operate under separate divisions, to streamline productivity, innovation, and a clearer strategic plan. All of which promote productivity, camaraderie, and...
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