Introduction to Ethics and Society

This document provides an introduction to the principles of ethics and their impact on society. It discusses the strategic issues, challenges, and solutions faced by Aston Martin Lagonda Global Holdings PLC. The document also includes references for further reading.

Introduction to Ethics
and Society

Table of Contents
UMP Organisation or Service Project Plan Template....................................................................1
REFERENCES................................................................................................................................8

UMP Organisation or Service Project Plan Template
Organisation or service: Aston Martin Lagonda Global
Holdings PLC
INTRODUCTION
Aston Martin Lagonda Global Holdings PLC is initiating with a project plan in order
to analysing number of strength and weakness available with execution of the plan (Essamri,
McKechnie and Winklhofer, 2019). Project plan will be evaluated at each stage in order to
access issues and challenges so that plan to deal with such challenges can be formed.
Question 1. Identify and analyse three strategic issues facing the overall sector of your chosen
business or service. (Total 300 words)
P
oi
nt
Strategic Issues Evidence (financial,
reports, news etc.)
Model(s)/Theory(ies)
1 Buyback of Float-
flop shares becomes
a strategical issue
for business.
This strategic issues
is identified for
News which was
published in a news
paper.
Aston Martin Lagonda Global Holdings
PLC introduced buyback of shares in the
mprofit-maximizingarket. This is
performed to minimise shareholding among
general public to a certain level. This act
results in minimising shareholding of
biggest investors in the company 41.3% to
30.9%. A perception for uncertain future is
created in this situation among
shareholders. Contingency theory will be
applied in this case optimisation of
organisational structure is achieved by
managing internal and external factors such
as shareholders.
2 High risk and return
strategy
Reports A period of strong growth is targeted in the
market by the organisation and number of
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actions are taken based on this goal. New
and luxury launch of cars if one of them. A
small delay leads to make a change in the
whole circumstances. In order to deal with
the strategic issue of high risk and high
return, profit maximisation strategy will
be implemented so that effective price
levels are achieved to meet set goals
(MAHMOUDIAN, 2019). Long term
profitability will help in minimising and
controlling related risk.
3 Competitive risk News In the present time there is high amount of
competition is available in the auto-mobile
industry and this competition is increasing
with new addition and expansion of some
businesses. For this strategic risk
competition based strategic theory of
Porter's will be applied. As per this their
Aston Martin Lagonda Global Holdings
PLC needs to manipulate market so that
competition can be improved.
Question 2. Identify and analyse three challenges facing your chosen company or service.
(Total 300 words)
P
oi
nt
Challenges Evidence (financial,
reports, news etc.)
Model(s)/Theory(ies)
1 Profit Warning Reports Financial reports of Aston Martin Lagonda
Global Holdings PLC provides that profits
of the business is declining at a higher rate.
This reduction is a challenge for business
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which needs to be provided with a solution
so that each plan can be implemented in
effective and profitable manner. To
identify this challenges Market-Adjusted
Return Model needs to be implemented to
the financial information of company
(Schutte, 2019). So that expected return of
business can be evaluated against market
return for that specific period. Higher
amount of gap among actual and expected
return will provide working for profit
reduction.
2 Decline in value of
investment
Financial reports As economy all over the world is at
diminishing stage in relation to auto-mobile
industry and this also creates a negative
impact on various investments made by
business. Value of investment needs to be
accessed using the theory of fair market
value vs. investment value. As per the
accounting concept investments are
recorded at their cost. When valuation
market value of investments of company is
accessed there is huge reduction is
recorded in the investment value and this
serves as a financial challenge to the
business.
3 Financial losses Report Each activity in business eventually
possess a reflection on finance and in long
run this will have a positive or negative
impact on financial performance of
business. Budgeted model will be used so
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that financial losses in a particular period
can be evaluated. Through budgeted model
actual performance is compared with
budgeted and variance is identified. These
variance are set at some permissible limit.
Higher variance will help to evaluate losses
and reasons for such losses will also
become clear.
Question 3. Identify and analyse the three solutions to address the challenges facing your chosen
company or service. (Total 300 words)
P
oi
nt
Solutions Evidence (financial,
reports, news, best
practice guidance, etc)
Model(s)/Theory(ies)
1 New ways of
earnings
Reports Drop in the demand for auto-mobiles
all over the glob has turned out to be
challenge for business. As financial
statements of Aston Martin Lagonda
Global Holdings PLC states that there
is a drop in sales over a long period of
time and now this has become profit
warning for business (Storskrubb,
2019). In this situation profit
maximisation theory will be applied.
As per this theory all the reasons for
such downfall is recorded. Actions will
be taken to cope with the situation and
new opportunities in terms of market
and consumers will be identified so
maintain a good amount of profits.
2 Effective portfolio Financial reports Aston Martin Lagonda Global Holdings
4

management for
investments
PLC has made a huge amount of
investments in number of sectors. This
investment was made so that profits can
be generated with large portfolio by
minimising risk. As Brexit is
announced value of investment starts
declining and still the investments are
under their initial cost of investment.
To cope with the challenge a balanced
investment strategy needs to be
introduced so that most ineffective
investments are minimised form
portfolio (Tamny, 2018).
3 Effective planning
and organising
Report Aston Martin Lagonda Global Holdings
PLC is facing huge among of financial
loss due to ineffective investments and
operating losses. This has become a
challenge for business as it has a direct
impact on share price and goodwill of
business. Long term success of
business is compromised through this
challenge. Managing financial risk
theory will be implemented in this
situation so that financial losses can be
avoided by controlling some risky
situations to be incurred.
Question 4. Explain how your company or service could practically implement one solution
from those listed in Question 3. (Total 300 words)
Specific Approach Stage 1: Stage 2: Stage 3: Model(s)
5

objective (marketing,
HRM,
Operations,
Practice etc.)
Inputs,
financial,
technologica
l, material,
human.
Actions and
timeline
Delivery and
Evaluation
Objective for
moving with
forward with
effective
planning and
management
so that all the
financial
objectives
will be
achieved.
In order to
ensure that
effective
management
of business
portfolio is
done then
human
resources
needs to be
managed in
productive
manner. This
will help in
introducing
business with
effective team
for managing
various
operations.
Operations of
business must
be managed
as per plans
for achieving
success.
Human
resource
with
required
skills needs
to be
employed in
business,
access to
new
technology
will be
made so that
planning
and
management
can be
supported.
Planning and
management
activities
required a
period of 1 to
2 months in
which each
financial
activity will
be evaluated
and loop
hole is
identified.
Actions as
per plan will
be taken so
that each
activity is
performed as
per plan and
objectives
become
achievable.
In order to
improve
financial
performance of
business
services related
to management
and planning
of finances
must be
considered
(Welch, 2019).
Evaluation of
the
achievement of
the plan will be
based on
performance
evaluation
model.
Through this
model each
financial factor
will be
mentioned and
planned so that
Performance
Evaluation
Model
6

management of
financial
performance
can be done.
CONCLUSION
Project management and project plan activities for Aston Martin Lagonda Global
Holdings PLC is evaluated. This helps to identify number of risk related to business in existing
terms and some of them will show their effect in future. Challenges are identified and resolved
with appropriate solutions and this helps to ensure effectiveness of project and business plans.
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REFERENCES
Books and Journals
Essamri, A., McKechnie, S. and Winklhofer, H., 2019. Co-creating corporate brand identity with
online brand communities: A managerial perspective. Journal of Business Research. 96.
pp.366-375.
MAHMOUDIAN, A., 2019. Role of global suppliers in luxury car industry.
Schutte, T., 2019. Plastic intensive, purpose-built car: Autonomous urban transport in 2029.
Storskrubb, E., 2019. Mutual Trust in Civil Justice Cooperation in the EU. In Trust in the
European Union in Challenging Times (pp. 159-180). Palgrave Macmillan, Cham.
Tamny, J., 2018. The End of Work: Why Your Passion Can Become Your Job. Simon and
Schuster.
Welch, D., 2019. Armstrong Siddeley Motor Cars. Amberley Publishing Limited.
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