Value Management Executive Summary: A Study of STO Maldives
Added on 2020-03-04
27 Pages8238 Words299 Views
RUNNING HEAD: Value Management 1Value Management
Value Management 2Executive summaryThis report has been presented to understand the concept of value management. In this report, STO Maldives has been taken into consideration to perform this study. In this report, much financial and non financial study has been performed to understand the condition of STO Maldives. Company’s financial condition has been analyzed to evaluate the worth of stakeholders of the company in terms of finance. Financial condition is required to analyze as it is a part of the company evaluation that depicts about the investigation of the stability, viability and profitability of a company or a project in which company is involved. Company’s non financial condition has been analyzed to evaluate the worth of internal and external stakeholders of the company. Non financial condition is required to analyze as it is apart of the company evaluation that depicts about the investigation of the stability, viability and profitability of a company or a project in which company is involved.
Value Management 3ContentsIntroduction.......................................................................................................................4Value Management...........................................................................................................4Company overview...........................................................................................................5Company report................................................................................................................5Situational analysis.......................................................................................................5KPI................................................................................................................................5Business process.......................................................................................................5Increased customer satisfaction................................................................................6Process cycle time improvement..............................................................................6Service quality..........................................................................................................6Revenue improvement..............................................................................................6Service level agreement............................................................................................7Budget.......................................................................................................................7Compliance...............................................................................................................7Efficiency..................................................................................................................7Shareholder value management....................................................................................8Ratio analysis................................................................................................................9Liquidity ratio...........................................................................................................9Profitability ratio.....................................................................................................10Capital structure ratio.............................................................................................11Efficiency ratio.......................................................................................................12Internal gaps................................................................................................................13Changes into the existing value management.............................................................13
Value Management 4Potential risk...............................................................................................................14Evidence Review............................................................................................................15Future perspective.......................................................................................................21Reflection for employability enhancement and leadership............................................21References.......................................................................................................................24
Value Management 5Introduction:Value management concept is based upon an association between satisfying the expectation and needs and entire resources which are needed to get them. The main motto of value management is to reunite all the stakeholders of the company and their views about a particular point and for getting the best balance among the available resources and satisfying needs. VM uniquely unites within an incorporated framework, a management style which focuses over the value; a positive loom for team and individual motivation; attentiveness about organisational environment and culture; and the successful use of established tools and methods.For conducting this research, STO Maldives has been taken into consideration. STO isoperating its operations in Maldives. STO stands for State Trading Organization plc. STO Maldives is one of the public limited companies of Maldives. This company operating its functioning in various businesses like import business, wholesale business, cooking gas business, petroleum retail business, construction materials business, distribution business, electronics business, medical supplies business, insurance products business, pharmaceuticalsbusiness and business of home appliances (Jaumotte, Lall and Papageorgiou, 2013). In this report, many financial and non financial factor of the company have been analyzed to understand the condition of the company. It has been analyzed through this study that company is performing well in financial and non financial both the situation. It has also been found that significant changes in the operation of the company from last 3 year impacted good changes in its condition.Company’s financial condition has been analyzed to evaluate the worth of stakeholders of the company in terms of finance. Financial condition is required to analyze as it is a part of the company evaluation that depicts about the investigation of the stability, viability and profitability of a company or a project in which company is involved. Company’s non financial condition has been analyzed to evaluate the worth of internal and external stakeholders of the company (Kaplan and Atkinson, 2015). Non financial condition is required to analyze as it is a part of the company evaluation that depicts about the investigation of the stability, viability and profitability of a company or a project in which company is involved.
Value Management 6Value Management:Value management concept is based upon an association between satisfying the expectation and needs and entire resources which are needed to get them. The main motto of value management is to reunite all the stakeholders of the company and their views about a particular point and for getting the best balance among the available resources and satisfying needs. Mainly, it is concerned with enhancing and sustaining an attractive balance among the needs and wants of stakeholders and required resources for it (Kiran & Singh, 2014). The judgements of stakeholder vary and it is reconciled by the VM for contradictory priorities to carry best worth for entire stakeholders. Value management is based upon the aspects of the company which assists the related party of the company to manage and enhance the worth. Value management is based on values of describing and adding assessable value which focuses on goals before explanations, and engaging on function to improve the innovation (Kurov and Stan, 2011). VM uniquely unites within an incorporated framework, a management style which focuses over the value; a positive loom for team and individual motivation; attentiveness about organisational environment and culture; and the successful use of established tools and methods.Company overview:STO is operating its operations in Maldives. STO stands for State Trading Organization plc. STO Maldives is one of the public limited companies of Maldives. This company operating its functioning in various businesses like import business, wholesale business, cooking gas business, petroleum retail business, construction materials business, distribution business, electronics business, medical supplies business, insurance products business, pharmaceuticals business and business of home appliances (Annual Report, 2016). Earlier, people used to know this company by the name of Athireemaafannu Trading Agency.After that, company had made some changes into its name in June 1969 and from that time, this company is known as STO. In 1964, this company has come into existence. Currently, at the Male, Maldives, Company is situated (Annual Report, 2016). Annual report of STO has been analyzed to understand the value management of the company, it has been evaluated that the company’s financial and non financial factors are enhancing quickly from last 3 years. A study has been executed over the financial and non financial factors of the STO and it has been analyzed that various factors are there which could affect the functioning of the company. Additionally, it has also been experimented that
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