Competitive and internal information Essay

Write an essay on the veritable(prenominal) main sources of employment instruction generated both intern tout ensembley and outsidely for globe companies. How is such(prenominal) learning usaged to establish a companys place in the food commercialise? Illustrate your answer with examples from one or more than than business sectors of your choice. INTRODUCTION Information consists of info that set about been retrieved, processed, or used for informative purposes, argument or as a al-Qaida for indicateing or end making. Without information, a business can non survive.A expression for a good decision is 90 percent information and 10 percent inspiration. Information is the catalyst of solicitude and the ingredient that coalesces the managerial dishs of planning, operating(a) controlling. Managers depend on information for making decisions. Any physical composition is held unitedly by the possession of means for the acquisition, use, retention and transmission of info rmation. The purpose of management constitution is to develop plans for achieving objectives, to organize for implementing plan and to control performance so that plans and actions occur on schedule.The place of information in performing these deuce-ace basis processes is shown in the following. MANAGEMENT PROCESS AND INFORMATION NEED 1) surgical process against plan 2) Environmental, agonistic and internal information concurring problem and opportunities. paygrade of 1 and 2 in order to Make a fortune telling of estimate of Alternative courses of action Alternative source. Prediction of results for alternative Courses of action. expire details of plan and Control standards. Performance against PK In the above presage for information ask1) In the the first step, recognition of problem or an opportunity is prompted by information from the control process concerning a going away from standard or by search and evaluation of those system (environmental, competitive, indispens able) 2) interpretation of problem, determination and evaluation of alternative course of action. 3) Once a decision is made, it is necessary to implement and control a solution. Among the above steps, planning information needs of an arrangement can be classified into three coarse types. 1) Environmental 2) Competitive 3) Internal 1) Environmental information It can be classified as(A) Political and Government consideration Some information on political stability is important for bespeaking plans. (B) Demographic and tender trends Some information is necessary to forecast the Social Trends and consumer buying way for both the long and short run. (C) Economic Trends. Employment, Productivity and numerals other frugal indicators depart valuable planning information for the strongs whose output is a function of these important variables (D) Technological environment Some information is necessary to forecast the technological changes in their labor and probable effect on the firm.(2) Competitive information. Information concerning factors that affects the operation of the firm at heart an industry takes data concerning industry and firm demand as well as the data on the competitors. The information can be classified into three types. They are (a) diligence Demand. Information is needed for forecasting the demand for the Sale and the corresponding aim of operation of a single firm. (b) Firm Demand The demand for outputs of an individual(a) firm is a function of the Industry demand and the capabilities and activities of the individual firm relative to the capabilities and action of competing firms.(c) Competition selective information on competing firms are truly important for forecasting the individual demand and making decisions and plans to get the forecast. (3) Internal information They are vital for subsidiary planning at all levels in the organization. Internal data are aimed at an identification of the organizations strength and weakness. . The types of internal information are (A) Sales forecast Some information is necessary for forecasting the Sales. (B) The financial plan It is the system that links all activities of the company together. (C) PoliciesSome information is necessary to haul up the basis policies for long run purpose. entropy and information come from numerous sources both internal (inside the business) and external. This revision note summarizes the main sources Business data and information comes from multiple sources. The challenge for a business is to capture and use information that is relevant and reliable. The main sources are INTERNAL INFORMATION accountancy records are a prime source of internal information. They detail the transactions of the business in the past which may be used as the basis for planning for the future (e. g.preparing a financial budget or forecast). The accounting records are primarily used to record what happens to the financial resources of a business. For exampl e, how cash is obtained and spent what assets are acquired what profits or losses are made on the activities of the business. However, accounting records can provide much more than financial information. For example, details of the products manufactured and delivered from a factory can provide useful information about whether quality standards are macrocosm met. Data analyzed from client sales invoices provides a profile of what and to whom products are being exchange.A lot of internal information is connected to accounting systems simply is not directly part of them. For example Records of the people employed by the business (personal details what they get paid skills and experience training records) Data on the costs associated with business processes (e. g. costings for contracts entered into by the business) Data from the production discussion section (e. g. number of machines capacity repair record) Data from activities in direct dawn with the customer (e. g. analysis of inspects received and missed in a call centre)A lot of internal information is also provided informally. For example, even meetings of provide and management will result in the communication of relevant information. standard SOURCES OF INTERNAL INFORMATION Balance Sheet of ICICI PERIOD ENDING 31-Mar-00 Assets authoritative Assets Cash And Cash Equivalents 1,479,000 Short term Investments Net Receivables 194,000 Inventory separate Current Assets native Current Assets massive line Investments 1,185,000 Property make up and Equipment 48,000 Goodwill Intangible Assets Accumulated Amortization Other Assets 81,000Deferred Long Term Asset Charges Total Assets 2,987,000 Liabilities Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities 2,454,000 Total Current Liabilities Long Term Debt 57,000 Other Liabilities 215,000 Deferred Long Term Liability Charges Minority elicit disconfirming Goodwill Total Liabilities 2,726,000 ar gumentationholders candor Misc sources Options Warrants Redeemable preferred Stock Preferred Stock Common Stock 45,000 Retained Earnings 44,000 Treasury Stock Capital Surplus 171,000 Other stockholder blondness 1,000Total Stockholder Equity 261,000 Net Tangible Assets $261,000 tooth root Yahoo finance Stock movement of I-Flex solutions Series Date Prev Close Open worth elevated Price Low Price Last Price Close Price Total Traded Quantity Turnover in Lacs EQ 03-Mar-2008 1,078. 95 1,037. 00 1,080. 00 1,020. 00 1,029. 90 1,042. 55 17954 190. 31 EQ 04-Mar-2008 1,042. 55 1,020. 00 1,075. 00 1,017. 00 1,047. 65 1,048. 25 36723 382. 44 EQ 05-Mar-2008 1,048. 25 1,070. 00 1,070. 00 1,030. 15 1,045. 00 1,039. 20 22219 231. 63 EQ 07-Mar-2008 1,039. 20 1,021. 00 1,032. 00 983. 00 1,004. 95 1,001.50 22103 220. 45 EQ 10-Mar-2008 1,001. 50 955. 00 1,040. 00 946. 40 1,005. 00 1,015. 50 19099 192. 55 EQ 11-Mar-2008 1,015. 50 992. 50 1,065. 00 992. 50 1,045. 00 1,054. 65 21805 226. 22 EQ 1 2-Mar-2008 1,054. 65 1,100. 00 1,100. 00 1,000. 00 1,004. 00 1,007. 45 13398 139. 14 EQ 13-Mar-2008 1,007. 45 987. 05 1,010. 00 952. 00 954. 00 959. 10 15931 155. 65 EQ 14-Mar-2008 959. 10 962. 00 992. 00 920. 00 990. 00 983. 15 21685 210. 01 EQ 17-Mar-2008 983. 15 925. 00 970. 00 925. 00 965. 00 942. 95 12307 116. 99 EQ 18-Mar-2008 942. 95 931. 00 958. 50 925. 10 927. 00 936. 50 21230 200. 13EQ 19-Mar-2008 936. 50 970. 00 978. 00 922. 00 925. 00 925. 55 21245 199. 40 EQ 24-Mar-2008 925. 55 948. 00 950. 00 895. 00 905. 00 908. 25 21626 197. 55 EQ 25-Mar-2008 908. 25 913. 50 1,008. 00 913. 50 990. 10 992. 55 58576 571. 10 EQ 26-Mar-2008 992. 55 988. 90 1,027. 00 974. 00 974. 00 986. 85 33402 335. 28 EQ 27-Mar-2008 986. 85 975. 00 1,003. 00 935. 00 951. 05 947. 10 118566 1,140. 60 EQ 28-Mar-2008 947. 10 970. 00 994. 00 956. 00 976. 00 984. 40 21658 210. 89 EQ 31-Mar-2008 984. 40 970. 25 985. 00 935. 00 948. 20 941. 10 39622 376. 60 Source NSEINDIA external INFORMATIONAs the term impl ies, this is information that is obtained from outside the business. in that respect are several categories of external information Information relating to way a business should undertake its activities E. g. businesses need to keep records so that they can take up taxes on behalf of the government. So a business needs to obtain regular information about the taxation system (e. g. PAYE, VAT, Corporation Tax) and what actions it needs to take. increasingly this kind of information (and the return forms a business needs to send) is provided in digital format.Similarly, a business needs to be aware of name legal areas (e. g. environmental legislation health & safety regulation practice law). There is a whole publishing industry devoted to trade this kind of information to businesses. Information about the commercialises in which a business ope judge This kind of external information is critically important to a business. It is ofttimes referred to as market or competitive int elligence. Most of the external information that a business needs can be obtained from marketing look. marting enquiry can garter a business do one or more of the following1. Gain a more detailed understanding of consumers needs marketing research can help firms to discover consumers opinions on a huge range of issues, e. g. , views on products prices, packaging, recent advertising campaigns 2. Reduce the risk of product/business failure there is no guarantee that any new idea will be a commercial success, notwithstanding accurate and up-to-date information on the market can help a business make inform decisions, hopefully leading to products that consumers want in sufficient numbers to achieve commercial success.3. Forecast future trends marketing research can not only provide information regarding the current state of the market but it can also be used to anticipate customer needs future customer needs. Firms can then make the necessary adjustments to their product portfol ios and levels of output in order to remain successful. The information for marketing research tends to come from three main sources Internal Company Information e. g. sales, orders, customer profiles, stocks, customer service explanationsMarketing intelligence this is a catch-all term to include all the everyday information about developments in the market that helps a business prepare and adjust its marketing plans. It can be obtained from galore(postnominal) sources, including suppliers, customers and distributors. It is also possible to buy intelligence information from outside suppliers (e. g. Mintel, get at and Bradstreet) who will produce commercial intelligence announces that can be sold profitably to any interested organization. Market look into existing data from internal sources may not provide sufficient detail.Similarly, published hatchs from market intelligence organizations cannot always be relied upon to provide the up-to-date, relevant information postulat e. In these circumstances, a business may need to commission specific studies in order to acquire the data required to support their marketing strategy. http//tutor2u. unclutter/business/ict/intro_information_sources. htm SOURCES OF BUSINESS INFORMATION Details of following types of organizations are required to be maintained by NCTI for guiding entrepreneurs/exporters to approach to the right organization for getting the desired information, assistance and help. Foreign Embassies/High Commissions/Consulate in India Indian Missions/Consulate abroad Chambers of Commerce & Industry Trade Promotion / substance Promotion Organizations Export Inspection Agencies Export Processing Zones in India and oversea Details of these organizations are readily available with NCTI. http//archives. nic. in/ncti/ncti8. htm SAMPLE SOURCES OF EXTERNAL INFORMATION AMR Research Releases ERP Market paper wake Overall Market Growth of 14% in 2004, Tuesday, June 14, 2005, Kevin Reilly As Market Cons olidation Continues, eyeshade 5 ERP Vendors Account for 72% of RevenueToday, AMR Research released its yearbook report on the state of the Enterprise Resource Planning (ERP) market. The Market Analytix Report Enterprise Resource Planning, 2004-2009 revealed that ERP market revenues increased 14% in 2004. The report indicates that approximately one-third of the growth in the overall market was collectible to fluctuations in currency exchange rates. While the ERP market has grown in revenue, consolidation continues to change the industry. In 1999, the top five vendors (J. D. Edwards, Baan, Oracle, PeopleSoft, and SAP) in the ERP market accounted for 59% of the industrys revenue.AMR Research expects the top five vendors in 2005 (SAP, Oracle, Sage Group, Microsoft, and SSA Global) to account for 72% of ERP vendors total revenue. The ERP market showed solid organic fertiliser growth in 2004 as IT spending improved, says Jim Shepherd, vice president of research at AMR Research. The ma rket was also affected by consolidation within the segment, as well as ERP vendors acquiring best-of-breed players to broaden their portfolios. While umteen ERP vendors struggled in 2004, SAP AG increased overall revenues by 17% and license revenues by 20% without any acquisitions.SAPs ERP market administer increased to more than 40%. Oracle nearly treble the size of its application business through the acquisition of PeopleSoft, but AMR Research expects SAP to finish 2005 with more than twice the revenue and market share of the combined Oracle-PeopleSoft. Report Findings and Analysis The report delivers revenue and growth rates for the top ERP players as well as growth forecasts through 2009. ERP vendors graded by 2004 ERP license revenue can be seen in the graph below. The top ten ERP vendors by revenue include the following companiesThe report revealed several trends that affected the ERP market in 2004, including The ERP market is entering some other major technology tran sition phase. Service Oriented Architectures (SOA) may sop up the same disruptive effect that other technologies have had on the market, such as the emergence of client-server systems had in the 1990s. The pace of acquisitions shows no sign of slowdown down. Oracles purchase of Retek and vendors like Sage Group, SSA Global, Infor Global Solutions, and Epicor have all been very active in the M&A set and have grown more rapidly than the overall ERP market.The midrange ($50M $1B in annual revenue) and SMB (less than $50M in annual revenue) markets continue to be a major stress area for many of the ERP vendors. Midrange solutions and channels are critically important for go into China, India, Eastern Europe, and Latin America. ERP buyers have moved away from large, upfront purchases. at once most tend to license user seats and functional ERP modules incrementally as they deploy a product. Along with widespread discounting, this has led to smaller norm deal sizes. BANKS REPORT BY FDIC Dollar Amounts in BillionsFourth Quarter 2007 All Insured Institutions Commercial Banks Savings Institutions denotation Card Lenders Mortgage Lenders Number of FDIC-Insured 8,533 7,282 1,251 27 786 Number of FDIC-Supervised 5,197 4,772 425 10 317 Total Assets $ 13,039 11,176 1,863 479 1,334 Total imparts $ 7,906 6,626 1,280 369 944 Domestic Deposits $ 6,912 5,807 1,105 142 737 Net Income (QTR) $ 5. 816 10. 540 -4. 724 3. 027 -3. 230 Percent Profitable (QTR) % 82. 3 83. 2 77. 0 88. 9 79. 1 Average Return on Assets (QTR) % 0. 18 0. 38 -1. 00 2. 61 -0. 94 Average Return on Equity (QTR) % 1. 74 3.76 -8. 70 11. 96 -10. 51 Net Interest Margin (QTR) % 3. 30 3. 38 2. 86 8. 97 2. 52 Equity to Assets % 10. 37 10. 24 11. 17 21. 26 8. 61 Noncurrent Loan Rate Total Loans * % 1. 39 1. 30 1. 86 2. 00 1. 87 factual Estate Loans % 1. 71 1. 62 2. 01 1. 81 1. 94 C&I Loans % 0. 66 0. 64 0. 92 2. 21 0. 88 Consumer Loans % 1. 43 1. 48 0. 98 2. 10 0. 96 Coverage Ratio ** % 92. 54 102. 84 55. 35 2 07. 47 45. 74 Net Charge-Off Rate All Loans (QTR) % 0. 83 0. 86 0. 68 4. 23 0. 66 Real Estate Loans (QTR) % 0. 44 0. 43 0. 49 2. 61 0. 54 C&I Loans (QTR) % 0. 87 0. 85 1. 24 5. 13 1.35 Consumer Loans (QTR) % 2. 75 2. 77 2. 54 4. 39 3. 16 Source http//www. fdic. gov/bank/statistical/stats/2007dec/industry. html REFERENCES ? crowd together O Brien, Management Information system, Tata Mcgraw Hill, 2007, Pg. 245-267. ? AMR Research Releases ERP Market Report Showing Overall Market Growth of 14% in 2004, Tuesday, June 14, 2005 Kevin Reilly ? Yahoo Finance ? www. nseindia. com ? http//archives. nic. in/ncti/ncti8. htm ? http//tutor2u. net/business/ict/intro_information_sources. htm http//www. fdic. gov/bank/statistical/stats/2007dec/industry. html