Introduction to business Essay Example | Topics and Well Written Essays - 500 words - 14

Introduction to business - Essay Example The expansion and diversification of consumer market with time has established the need for employing a diversified workforce that can satisfy the diversified demand of today’s consumer. The world’s demography is changing constantly, now no country is a complete blend of one race and ethnicity. Due to increased migrations, the minorities are increasing in world developing countries. With all of these changes, it has become important for countries to have a diverse workforce that represents all aspect of the society; this representation projects a better image of the organization in the society. A major advantage of an organization attempting to acquire diverse workforce is that it have access to a large pool of candidates by which it can hire the best possible person for the job. An organization that places importance on skills and talent over characteristics like age, gender, race etc is able to achieve competitive advantage over other organizations. Another advantage of diverse workforce besides projection of better image is that it helps diversified consumer to believe that they share common grounds with the company and it helps to increase their trust in the organization. Furthermore, employees with different perspective can provide the organization with different and varied objectives helping to identify unmet needs and new opportunities. Recruitment of a diversified workforce and creating a welcoming environment for these employees helps to increase motivation and commitment of employees towards the organization. This is because these employees feel valued. Recognition and acceptance of an employee’s unique perspective helps to create a comprehensive work environment, which is very beneficial for the organization. It is evident from the above discussion that the benefits of a diversified workforce far out-weigh the cost of it. It is an essential utensil for

Report on the Financial State of Affairs of Central Pool and Taff View Assignment

Report on the Financial State of Affairs of Central Pool and Taff View Pool - Assignment Example The important factor for consideration both in the case of Central Pool as well as Taff View is that there seems to be an immediate need for the sales to be enhanced since there is gross underutilization of the operating assets. This is evidenced by the Ratios of Operating Profit to Operating assets and the Sales to Operating assets. As against the ratio of operating assets to operating profit of 21% in the case of Field Park it is 1.55% and 4.60% for Central Pool and Taff View respectively. These ratios are very low. Similarly, the ratio of sales to operating assets is only 1.10%... We can review this report together once you have gone through the basics. We can take up from there for the implementation of any suitable plan of action for the overall financial improvement of the units concerned. The important factor for consideration both in the case of Central Pool as well as Taff View is that there seems to be an immediate need for the sales to be enhanced since there is gross underutilization of the operating assets. This is evidenced by the Ratios of Operating Profit to Operating assets and the Sales to Operating assets. As against the ratio of operating assets to operating profit of 21% in the case of Field Park it is 1.55% and 4.60% for Central Pool and Taff View respectively. These ratios are very low. Similarly, the ratio of sales to operating assets is only 1.10% for Central Pool and 1.34% for Taff View, whereas the same ratio for Field Park is 2.80%. Comparatively the ratios for Central Pool and Taff View are poor. Similarly, the profitability of both Taff View and Central Pool is well below the comparative profitability of Field Park. This is quite obviously exhibited by the operating profit to sales ratio of both facilities. The operating profit to sales ratios stands at 1.41% for Central Pool and 3.44% for Taff View. These are very low as compared to the ratio of 7.60% for Field Park signifying the profitability of both the facilities is not up to the mark.