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Management and leadership styles Assignment : IBM

   

Added on  2021-02-20

12 Pages2579 Words164 Views
Finance
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MANAGEMENT AND LEADERSHIP
Management and leadership styles Assignment : IBM_1

Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3Various stakeholders that are interested in financial information. ........................................3The way in which financial information is communicated to stakeholders. .........................5Type of financial information required for taking decisions. ................................................6Evaluate types of financial statements...................................................................................7........................................................................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
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INTRODUCTIONManagement is an important function of Manager of the organization. It involves variousfunctions and Finance Manager of the organisation plays an important role in improving theperformance of the business. Leadership is an important function of the Leader of the company.Leader of the firm helps to analyse and predict the future performance of the firm. The Reportwill be based on IBM. International Business Machines is a technology firm and it isheadquartered in New York, US. Company deals in hardware and software, also offer services ofcloud computing etc (Traina, 2018). The Report will outline the users of financial information,the way in which information can be communicated to the stakeholders of the firm. The Reportwill further explain various types of financial data required for making decisions, evaluation ofvarious types of financial statements of the company.MAIN BODYVarious stakeholders that are interested in financial information. Stakeholders – Stakeholders of an organization are the individuals or group that are interested in theoperations, outcomes of the firm. Stakeholders can impact and they can also be affected by thedecisions, policies of the company. There are various types of stakeholders that are interested inreceiving financial information of IBM such as -External stakeholders-Shareholders -Shareholders of IBM are the actual owners of the company, and they are interested ingetting information in respect of financial operations of the firm. They want to know thesolvency of the firm because they have invested their funds in the company.Financial Institutions -Financial Institutions, Banks are also keen in receiving financial information of IBM toknow profitability and solvency of the firm because they have provided short term as well aslong term funds to the firm.Government -
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Government departments also requires information in respect of financial performance ofIBM because this will help the government to determine whether tax returns filed by firm arecorrect or not.Internal stakeholders-Employees -Employees of IBM are also interested in receiving financial information of the firmbecause their compensation depends upon profitability of the company.Management –Management is one of the internal stakeholder of IBM and Managers of the firm requirefinancial information to determine the financial position of the company. It also helps themanagement to take various important decisions (Xu, C. and Shiina, 2018).Stakeholders Mapping –Stakeholders mapping refers to developing a map for identifying, evaluating and makingthe list on the basis of priority of various stakeholders of the organization. StakeholdersMapping also helps the firm to communicate effectively with internal as well as externalstakeholders of the firm.There are various steps to develop a stakeholders map. Firstly, the company have to identify the different types of stakeholder that are interestedin theoperations of IBM such as Internal stakeholders like management, employees etc. and externalstakeholders like financial institutions, government etc.Then, company will evaluate the expectations of the above stakeholders from the firm. Theextent to which these stakeholders are influencing IBM.Now company will prioritise the needs of these stakeholders on the basis of which firm willmanage them.IdentifyAnalysePrioritiseEngage
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