Competitive and internal information Essay

Write an essay on the ordinary master(prenominal) rises of c bothing breeding generated two upcountryly and extern everyy for public companies. How is such knowledge use to establish a comp whatsoevers interpose in the foodstuff? Illustrate your answer with interpreters from ane or more art sectors of your choice. INTRODUCTION culture consists of information that fall in been retrieved, processed, or used for enlightening purposes, argument or as a radix for predict or finality devising. Without cultivation, a business elicitnot survive.A recipe for a good decision is 90 percent selective schooling and 10 percent inspiration. Information is the catalyst of watchfulness and the ingredient that coalesces the managerial break downs of excogitatening, operating manoeuvreling. Managers depend on entropy for making decisions. Any organization is held together by the self-discipline of means for the acquisition, use, retention and transmission of informati on. The purpose of management system is to develop plans for achieving objectives, to organize for implementing plan and to have got performance so that plans and actions occur on schedule.The situation of information in performing these trey rump processes is shown in the following. MANAGEMENT PROCESS AND discipline pick out 1) Performance against plan 2) environmental, Competitive and internal information concurring conundrum and opportunities. Evaluation of 1 and 2 in order to Make a fortune telling of estimate of Alternative courses of action Alternative source. foretelling of results for alternative Courses of action. Communicate lucubrate of plan and stop standards. Performance against PK In the above figure for information postulate1) In the the first step, recognition of problem or an opportunity is prompted by information from the operate process concerning a deviation from standard or by search and evaluation of those system (environmental, competitive, inna te) 2) comment of problem, determination and evaluation of alternative course of action. 3) at one time a decision is made, it is obligatory to implement and control a solution. Among the above steps, planning information of necessity of an organization give the sack be categorize into three broad types. 1) Environmental 2) Competitive 3) Internal 1) Environmental information It can be classified as(A) Political and Government consideration several(prenominal)(prenominal) information on political stability is important for forecasting plans. (B) Demographic and Social trends both(prenominal) information is necessary to forecast the Social Trends and consumer buying behavior for both the recollective and short run. (C) Economic Trends. Employment, Productivity and numerals separate economic indicators offer up valuable planning information for the star signs whose fruit is a function of these important variables (D) proficient environment Some information is necessary t o forecast the technological changes in their industry and probable tack on the unshakable.(2) Competitive information. Information concerning factors that affects the operation of the firm within an industry holds data concerning industry and firm take a trend as well as the data on the competitors. The information can be classified into three types. They be (a) Industry choose. Information is necessitate for forecasting the demand for the Sale and the corresponding take of operation of a single firm. (b) Firm Demand The demand for mathematical products of an individual firm is a function of the Industry demand and the capabilities and activities of the individual firm recounting to the capabilities and action of competing firms.(c) Competition entropy on competing firms argon very important for forecasting the individual demand and making decisions and plans to achieve the forecast. (3) Internal information They be vital for subsidiary planning at all levels in the org anization. Internal data be 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 frame the basis policies for long run purpose. entropy and information come from legion(predicate) sources both internal (inside the business) and external. This revision note summarizes the main sources Business data and information comes from multiple sources. The repugn for a business is to capture and use information that is relevant and reliable. The main sources are INTERNAL INFORMATION Accounting 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 invoice re cords are generally used to record what happens to the financial resources of a business. For example, how cash is obtained and spent what assets are acquired what profits or losses are made on the activities of the business. However, broadsideing records can rear much more than financial information. For example, expatiate of the products manufactured and delivered from a factory can provide useful information about whether quality standards are being met. Data analyzed from customer gross revenue invoices provides a profile of what and to whom products are being sold.A lot of internal information is connected to accounting systems scarcely 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 department (e. g. number of mach ines capacity bushel record) Data from activities in direct contact with the customer (e. g. analysis of calls received and missed in a call centre)A lot of internal information is in any case provided informally. For example, fix meetings of staff and management ordain result in the communication of relevant information. archetype SOURCES OF INTERNAL INFORMATION Balance Sheet of ICICI point in time ENDING 31-Mar-00 Assets present-day(prenominal) Assets Cash And Cash Equivalents 1,479,000 mindless barrier Investments Net Receivables 194,000 Inventory Other ongoing Assets add Current Assets massive Term Investments 1,185,000 commemorateing Plant and Equipment 48,000 blessing Intangible Assets Accumulated amortisation Other Assets 81,000Deferred Long Term Asset Charges join 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 Interest Negative Goodwill Total Liabilities 2,726,000 mental strainholders rightfulness Misc Stocks Options Warrants Redeemable Preferred Stock Preferred Stock Common Stock 45,000 retain Earnings 44,000 Treasury Stock Capital overindulgence 171,000 Other shareholder Equity 1,000Total Stockholder Equity 261,000 Net Tangible Assets $261,000 showtime yokel Finance Stock movement of I-Flex solutions Series find Prev shutdown Open scathe High 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 12-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 outer INFORMATIONAs the term implies, this is information that is obtained from extracurricular the business. There 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 collect taxes on behalf of the government. So a business needs to obtain regular information about the taxation system (e. g. PAYE, VAT, society Tax) and what actions it needs to take. Increasingly this kind of information (and the excrete forms a business needs to send) is provided in digital format.Similarly, a business needs to be aware(predicate) of key legal areas (e. g. environmental legislation health & safety regulation employment law). There is a whole publishing industry devoted to merchandise this kind of information to businesses. Information about the food markets in which a busi ness operates This kind of external information is critically important to a business. It is often referred to as market or competitive recognition. intimately of the external information that a business needs can be obtained from marketing seek. Marketing research can alleviate a business do one or more of the following1. touch a more detailed understanding of consumers needs marketing research can help firms to fall in 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 tackle that any new idea will be a commercial success, but accurate and current information on the market can help a business make informed decisions, hopefully leading to products that consumers want in qualified amount to achieve commercial success.3. Forecast future trends marketing research can not only provide information regarding the current state of the market but it ca n withal be used to forebode customer needs future customer needs. Firms can then make the necessary preparements to their product portfolios 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 value addresssMarketing 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 many sources, including suppliers, customers and distributors. It is also possible to buy intelligence information from outside suppliers (e. g. Mintel, Dun and Bradstreet) who will produce commercial intelligence addresss that can be sold profitably to any interested organization. Market search existing data from internal sources may not provide sufficient detail.Similarly, published reports from market i ntelligence organizations cannot always be relied upon to provide the up-to-date, relevant information take. In these circumstances, a business may need to commission precise studies in order to acquire the data necessitate to support their marketing strategy. http//tutor2u. can/business/ict/intro_information_sources. htm SOURCES OF worry INFORMATION Details of following types of organizations are required to be maintained by NCTI for guiding entrepreneurs/exporters to admittance to the right organization for getting the desired information, assist and help. Foreign Embassies/High Commissions/Consulate in India Indian Missions/Consulate abroad Chambers of Commerce & Industry Trade advancement /Import Promotion Organizations exporting Inspection Agencies Export Processing Zones in India and Abroad 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 Mar ket pass over showing Overall Market Growth of 14% in 2004, Tuesday, June 14, 2005, Kevin Reilly As Market Consolidation Continues, Top 5 ERP Vendors Account for 72% of RevenueToday, AMR Research released its one-year report on the state of the Enterprise mental imagery Planning (ERP) market. The Market Analytix Report Enterprise resourcefulness Planning, 2004-2009 revealed that ERP market revenues increase 14% in 2004. The report indicates that approximately one-third of the growth in the general market was due to fluctuations in currency vary rates. time the ERP market has grown in revenue, consolidation continues to change the industry. In 1999, the top five vendors (J. D. Edwards, Baan, seer, PeopleSoft, and fall guy) 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 thoroughgoin g growth in 2004 as IT spending improved, says Jim Shepherd, criminality president of research at AMR Research. The market was also affected by consolidation within the segment, as well as ERP vendors acquiring best-of-breed players to broaden their portfolios. While many ERP vendors struggled in 2004, SAP AG increased overall revenues by 17% and license revenues by 20% without any acquisitions.SAPs ERP market share increased to more than 40%. Oracle nearly doubled 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 be by 2004 ERP license revenue can be seen in the chart below. The top ten ERP vendors by revenue include the following companiesThe report revealed several trends th at affected the ERP market in 2004, including The ERP market is debut another major technology transition phase. redevelopment Oriented Architectures (SOA) may have the same troubled 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 slowing down. Oracles secure of Retek and vendors like Sage Group, SSA Global, Infor Global Solutions, and Epicor have all been very active in the M&A space and have grown more quick than the overall ERP market.The midrange ($50M $1B in one-year revenue) and SMB (less than $50M in annual revenue) markets continue to be a major centralize area for many of the ERP vendors. Midrange solutions and channels are critically important for penetrating China, India, Eastern Europe, and Latin America. ERP buyers have moved away from large, upfront purchases. Now near tend to license user seats and operative ERP modules incrementally as they deplo y a product. Along with widespread discounting, this has led to smaller average deal sizes. averS REPORT BY FDIC Dollar Amounts in BillionsFourth Quarter 2007 alone Insured Institutions mercenary Banks Savings Institutions Credit Card Lenders Mortgage Lenders fig 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 Loans $ 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 just 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 obsolete Loan Rate Total Loans * % 1. 39 1. 30 1. 86 2. 00 1. 87 Real 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. 35 207. 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 ? James 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