Managing finance And operation

Managing finance
And operation

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK ..............................................................................................................................................1
CONCLUSION................................................................................................................................6
REFERENCES ...............................................................................................................................8

INTRODUCTION
Operation management is the managing of the companies operation and activities in order
to acquire the desired results. There are many activities in the company which relates to the
planning and forming of policies and procedures. These policies are formed by the directors in
order to achieve its organizational goals and targets.
In the report, the company New Life Holiday and Leisure group Plc uses various methods
to operate its business functions. The board have to take appropriate decisions in order to achieve
desired goals in the company. Also the report includes operational and regulatory factors to be
considered by the board of directors in the company. Report also includes the management
theories.
Furthermore, the report includes the various financing needs of company New Life
Holiday and Leisure group Plc and also the alternative sources of finance by which funds can be
raised by the company in order to meet its capital requirement. The report also includes the
calculation of financial worth of the current proposal and an alternative
evaluation including all costs and revenues. The report also includes contribution analysis, break
even, payback, ARR and NPV of the company New Life Holiday and Leisure group Plc.
TASK
A) Operational and regulatory factors to be considered by the board
with the growing organization structure in the industry there is prime need to grow and
achieve success to survive in the global market. For the company achieving success it is essential
to have effective leaders and efficient top management . The board of directors in the company
New Life Holiday and Leisure group Plc. Have to formulate the plans and policies in order to
manage its operational in the business. With the effective board structure the company can
achieve its success and with the bad policy management there can be failure in the company New
Life Holiday and Leisure group Plc . Therefore for the required success there have to be
significant board policies to achieve its organizational goals. There are many factors which can
be effected by the board decisions on the organization like customers , employees, production
and manufacturing and also various plans and policies followed by the organization New Life
Holiday and Leisure group Plc (Carrillo de Albornoz And et. al., 2018). There are four main
factors which can be increase and decrease the board effectiveness. The factors are as follows-
The Four P's of Board effectiveness
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People- People in the organization are the factors which can effect the functions of
organization New Life Holiday and Leisure group Plc on large scale. Therefore while deciding
the policies for the organization by the board its employees have to be given priority in its
operation. The policies regarding the working hours and shifts of employees, also the needs of
board to recruit the employees. Also there have to be formulation of various regulation regarding
the legal implications associated with attracting and retaining talent. Also the company New Life
Holiday and Leisure group Plc need to formulate the remuneration strategies and also determine
the focus of the policies on whether to achieve benefits or to increase salary (Dalgliesh, 2016).
The company's New Life Holiday and Leisure group Plc board of directors will also decide
whether they will build talent or will purchase the talent through outer recruitment.
Product- the product in the organization is the another essential factor. Effective board
evaluate and provide an overview of the organization performance by questioning loops and gaps
in the business operation that are critical for its performance. The organization New Life Holiday
and Leisure group Plc business is widely dependent on the product or services provided by
organization. Effective boards review the core product of the organization which are the cost of
production, pricing, competitor analysis and advice accordingly to the operation mangers.
Therefore the formation of the accurate policies by the company New Life Holiday and Leisure
group Plc can help the company in achieving its product goals as well as organizational goals in
the process of development (Iossa and Saussier, 2018). If the policies are not made in proper
manner by the organization there can be low quality of goods and services in the company which
can lead to lower customer satisfaction to its customers.
Process- after considering the people and product of organization by its board there is
need to plan for the process to be used by the company New Life Holiday and Leisure group
Plc. The process of company refers to the formulation of policies for production of goods and
services in the organization to achieve the desirable outcomes. This might include performance
indicators such as profits, quality or sales. Effective board map includes the efficient operational
management and evaluating operational risk. It can also include the involvement of techniques
by which human capital in the company New Life Holiday and Leisure group Plc can be
replaced by mechanical automation (4 Key Factors to Consider for Board Effectiveness, 2017) .
Profit- profit of an organization is another important factor for which a business operates.
The company New Life Holiday and Leisure group Plc works for earning the return for the
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