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Information Technology Assignment Help Online 

The path toward directing data by the use of PCs and writing computer programs is seen as Information Technology. The information technology assignment should fuse its full process, for instance, the use of media transmission and data information mechanical assemblies to store recuperate and transmit information beginning with single spot then onto the following. 

Toward the day’s end, information technology can be described as the collection, taking care of, storing and apportionment of abstract, graphics, audio and arithmetic information with the help of scaled downscale equipment-based media transmission instruments. Moodle Monkey offers capable help on information technology assignments. 

Advancement of Computer Technology 

PC advancement has created consistently and development has shown magnificent improvements in each potential age. The basic modifications in programming lingos, estimation and the structured data have been productive in acknowledging exceptional changes in development. Your information technology assignment must fuse the going with: 

  • with the invention of the ‘logical engine’ in 1834 by Charles Babbage joined the possibility of straightforward, progressed and automatic structures in PC advancement. 
  • The fundamental automated PC was created in the year 1940 by Colossus which was superseded by the improvement of the first unpredictable access automated limit machine by William Tube. 
  • electronic computing mechanism is seen as the best and moderate system that can comprehend tremendous degree estimations with no trouble 

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Power of Information Technology (IT) 

IT has created as an unpreventable need in our conventional life and has different points of interest in the overall population. Your information technology assignment must show the basic proposals to survey its chance. 

  • Dynamic modification right now 

Information technology assignments were encompassed on the mechanical yield that relied upon undifferentiated enormous scope producing. Since the improvement of data-driven advancement, the data development assignment consolidates the buyer-driven thing age. 

  • The utility of time and money 

Customers can find a piece of good pace information and can show up at different organizations, solicitation and avail online services for ongoing information technology. Avail information technology assignment help from Moodle Monkey in a lone snap. 

Pondering over the instances of educational activities, understudies can gain partition taking in undertakings and take help from renowned educators through intuitive media gadgets. Acknowledge wide-broadening workplaces of IT expecting practically no exertion. Plan your information technology assignment reflecting information technology as a convincing instrument that empowers customers with different focal points just as put aside time and money. 

  • Focus purpose of data 

The basic idea of your information technology assignment must be laid upon these criteria. Customers can examine the expansive extent of benefits from the Internet for instance Center purpose of data. The web searcher is illegible to carry out loads of information options on inserting a single searchable keyword. 

One can frame the information technology assignment glancing through huge information choices suggested by the web.

Basic hurdles for the Adoption of Technology 

The huge limits inspected in our information technology assignment help material are: 

  • Less expensive 

Outline expensiveness to advancement allotment as the primary block in your information technology assignment. Advancement is seen as amazing and expensive all the while. Little and scaled downscale undertakings ensure that the help of the mechanical system is high to such a degree, that it beats their appearance on theory. Such determined thinking blocks the no matter how you look at its gathering of development. Take information technology assignment help in case you have the least care about the item contraptions and mechanical methodology. 

  • Inadequacy of skilled work 

Make sure to address this critical hindrance pointing the appointment of advancement in information technology assignment. All the business organizations and corporates need to use gifted specific specialists with huge pay to vanquish the distinctive particular challenges of information advancement. On account of the inadequacy of specific masters, endeavors can’t rely upon advancement. To deliver skilled workers in the industry, the guidance of programming designing has been made important in each learning module. Moodle Monkey offers splendid information technology assignment help. 

  • Insurance and information security crack 

A good portion of the total IT customers ensure that insufficient and fragile security management of advancement has constrained its widespread affirmation. While in the case of information amassing and taking care of isn’t known, in this way the prevailing piece of IT customers avoid the inventive applications, for instance, electronic banking, storing of private data, receipt, and money related records, and customer database. Address insurance and security break as the obstacle for development assignment in your information technology assignment. In any case, the viable amassing execution of cloud-based advancement has brought improvements in its profile. 

  • Weak system 

The information technology assignment must consist a check on the lack that denies mechanical augmentation in the overall population. The ordinary and complex issues looked by customers and undertakings are physical establishment questions, lacking system to broadband, steady power frustration, etc. Talk about the difficult work and customary working instrument and its unwavering quality over innovation in your information technology assignment.

Information Technology: A path to increase productivity 

As per the survey by money related experts, the extent of respect incorporate is described as productivity that is comparatively critical in information technology assignments. Being definite, the extent of points of interest procured to costs is considered as productivity. Its use is viable to improve proficiency in various potential habits. 

  • IT helps with the diminishing hypothesis of money thusly compelling the abatements on points of interest to an imperative height 
  • Information technology helps with extending advantages including efficiency in quality and effectiveness in quantity.
  • Information technology improves the effectiveness by progress in quality at a comparable per unit price

The proportion of Capital Cost that to the Labor Cost

Information technology assignment must address a colossal redesign in the extent of capital cost and work cost, understanding an essential change in effectiveness. The cost extent increase in capital and work addresses the resentful from manual organizations. Moodle Monkey’s information technology assignment help joins astounding focal points of capital-work extent which are as follows: 

  • Work heightened answer for explicit issues is seen as less versatile than development driven. By the execution of advancement, additional manifestations can be delivered at a low cost with the use of traditional work raised creation frameworks. For the best information technology assignment trust Moodle Monkey. 
  • Advancement supports business affiliations and endeavors with versatile creation strategies. Information technology assignment must keep in mind the cost of development driven creation, which is less and requires a one-time adventure, however, each work is apportioned a great deal of remuneration which is most likely going to augment with understanding. An Information technology equipment props up year-long, unobtrusive to keep up and capable to offer most outrageous respect the given data. While work driven manual organizations do not guarantee the most prominent yield inside the predefined time limit. 
  • Information technology assignment speak to the steady improvement of new progressions and headway, the cost of in certainty driven organizations will all in all rot however work cost will, as a rule, create with benefit gain. With imaginative progression, undertakings can get long term increase in their return on investment although they really have not got much growth since a period of time.

Importance of Information technology Knowledge in Education sector 

  • Gigantic learning reservoirs 

Since there is progress in development, the amount of learning reservoirs has extended widely. This urges the understudies to improve their learning limits and making aptitudes out of information technology assignments. Information advancement is a compulsory learning module stuffs in scholastics that effectively encourage understudies to utilize the device of PC in each hover of life other than study. 

  • Sufficient availability of data

As the period of advancement, understudies can build expansive data over any subject. Also, Moodle Monkey information technology assignment empower understudies with multifaceted data on a basic point; information progresses uplift them to pass on suggestions and accomplish reaches out on it. 

  • Ampleness of media in scholastics 

Guidance has gotten dynamically engaging and thorough with the help of sight and sound devices of advancement. Demonstrating gatherings and making out of information technology assignment are improved with the different media explanation systems, PPT presentations of subjects, analogical and various modernized presentation of convenient assignments. Such learning with deep and sound knowledge will help the students to strengthen their basic concepts. 

  • Availability of information on online libraries 

The online libraries contain huge enlightening data to fill the need for understudies. Understudies take brisk help of online libraries while achieving project work, creating information technology assignment in the insufficiency of appropriate proof and real factors, gain data from surveys and theories, etc. To make great information technology assignment on given topic, understudies can amass information, build up the accumulated data in dynamic structure and proficiently present the substance using information advancement. 

  • Electronic learning 

At present, the correspondence advancement has gotten progressively instinctive, offers various points of interest and revealed more state-of-the-art learning open entryways for understudies. Web learning is one of the most profitable techniques for finding that understudies can value even not going to study lobbies or instructing setting. Understudies can value educating and online information technology assignment help from the famous speakers through partition study. It is a ground-breaking strategy to put aside time and money. 

Criticalness of Information and Communication Technology (ICT) Implementation 

Information Technology assignment must point out the two major segments for instance media transmission and enroll. The system of correspondence and information pass on is unendingly improving with the improvement in Information and Communication Technology. It is basic to have huge access to worldwide and national frameworks to get by in the front-line time of information. Information technology assignment must underline the overall condition that witnesses quick improvement because of the suitability of ICT. In any case, different legitimate challenges and perseverance issues can be successfully clarified with the use of Information and Communication Technology. 

Major Tools Information and Communication Technology 

  • PCs 

Automated PCs invented by Colossus were from the outset inferred for figuring numbers. With the progress in advancement consistently, the use of PCs has gotten required in work environments, schools, and ventures, nuclear family applications, etc. Notice the handiness of PCs in information technology assignments. PCs fuses practices reaching out from sending messages, video talk and video meeting, keeping up customer and laborer database, observing money related records, sight, and sound, the gadget of redirection, computerization application, etc. 

  • Media transmission 

Media transmission incorporates transmission of messages through a medium beginning with one spot then onto the following. In the past there were landline telephones which can’t be moved from one place to another. With movement in adaptable advancement, man can now pass on their particular gadgets even in the space. Information technology assignments should speak to the resentful got our overall population by flexible development that has a gigantic constructive outcome on social, political and reasonable headway. 

  • Email 

It is the correspondence by sending made messages and record archives by methods for the web. It is an official technique for correspondence where the authentic conversation between specialists is recorded. Email correspondence substitutes the outdated post mailing organizations at a diminished level and take just seconds to show up at the recipient mail ID. For information technology assignment help, interface with Moodle Monkey. 

  • Web 

It addresses accessibility to every single overall framework organization goal everything considered associated to each other. Information technology assignments should lay emphasis on the pushed answer for different correspondence issues via the Internet. In late time, the Internet has energized the customers with correspondence goals, for instance, Facebook, Instagram, Twitter, Snapchat, YouTube, Google+ and so on. The web is staggeringly capable of business exhibiting. Electronic shopping is another unfathomable interest introduced by the web for purchasers.

The major issues that a student face while preparing Information Technology Assignments? 

The examination of information and correspondence development has been raised to cutting edge training all through the latest two years. The main reason is the potential advancement has improved the informational system just as overhauled the improvement of society. To increment higher educational degrees, understudies need to pass in their Information technology assignments. Likewise, information advancement is a tangled zone that incorporates subjects like programming building and contraptions and correspondence structuring. 

In any case, to accomplish premium quality Information technology assignments, understudies must be educated with the different pieces of computation. The Circuit plans, compromise of information structure and micro-processor application are the problematic zones which the understudies have to consolidate when preparing their Information technology assignments. This is the clarification behind which a lot of understudy’s search for capable errand making help to set up their Information technology assignments. 

Improve Your Grades in Information Technology Assignments with Moodle Monkey 

Information technology assignment help is considered as a piece of the notable organizations offered by Moodle Monkey. Understudies from IT establishment can surpass desires their understanding of programming designing, equipment, and correspondence other than getting formed help on information advancement assignments. Moodle Monkey includes Ph.D. specialists with extensive stretches of industry experience. You can think about any irksome Information technology assignments; our IT assignment masters have the answer for all of them and confirmation best rates for Information technology assignments. 

Achieve high academic assessments and steer your future with our IT assignment help. Also, this driving brand weights on giving the most noteworthy return to customer’s hypothesis and affirmation three key things: 

  • 100 percent unimaginativeness free and premium quality Information technology assignments
  • ‘On-time’ transport to evade cutoff time disillusionment 
  • 24 hours help to customers through live talk options, telephonic discussion, and email organizations.

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Executive summary

This report is written for the analysis of personal leadership development. I had written this report as a junior team leader in Woolworth’s supermarket. This report will provide information regarding the various steps that can be taken for personal development as a leader. Various skills and competencies can be developed in the individual by the means of information presented in this assessment. This assessment provides various techniques by which self-analysis can be used for the self-development. The communication of an individual can be made good by techniques present in the report.

Introduction

This assessment provides information regarding personal leadership development. The building of self-awareness can be possible with the help of self-development. Various theories of leadership are discussed in this assessment for personal leadership development. The methods by which the team members can be motivated is also analysed in this assessment. The self-awareness can be accomplished in the team member with the help of training. Providing coaching will also be helpful in developing communication skill.

Whitman GROW model and justification for using this model

This model is chosen for the leadership development of me. This model is very beneficial for analysis of need of development in oneself. The different type of goals can be set with the help of a different model with a definite deadline. After setting the goals the reality of the individual can be analysed. The reality is the place at which the particular person stands in leadership. There can be a different type of options that are available for the development of leadership. These options can be listed and used with the help of this model. Obstacles that are present in the way of leadership development in one can be eradicated with the analysis of obstacles. After eradication of obstacles, the options can be converted into the actions for the personal leadership development.

Stages of GROW

Goal

The objectives for the learning and development should be very clear. There should not be any confusion regarding the goal. These are the needs that are required to be developed in any individual.

Reality

The current reality of me can be analysed with the help of this stage. Different type of challenges can also be analysed with the help of this stage.

Obstacle and options

The obstacles that will come in the path of success will be analysed. The options that can be used for the self-development will be analysed in this stage. Steps will also be taken for removing the obstacles.

Way forward

The options that are chosen are converted into actions in this stage. This is the final stage of which Whitman GROW model.

The time period and justification

A total of 2 years of the time period is selected for the leadership development program with the help of Whitman GROW model. Two years of the program will be beneficial and quick for the learning. At this stage of my career, it is very necessary to learn quickly different leadership skills. Learning will be helpful for me to implement the leadership skills with my continuous daily work in the organisation. This learning program will provide me with an opportunity to target future goals of my career.

Self-leadership development to build self-awareness 

To know the own mental state it is very necessary to make self-awareness. Self-awareness is helpful in energizing our self. The strength, weakness and tendencies can be analysed with the help of self-awareness. There are various methods that can be used for the self-development that can be helpful in self-awareness.

Positive intent

Defensive mental state is not a good mental state of any individual. If I am in the defensive mental state then it will not be good for me and for my organisation in which I will work. The person should not be judgemental for any of the people (Sowcik, et. al.,  2018). The concern and the issues of another person should be listed by me then the further decisions should be taken. This will be helpful for me in reading other person intention.

Mirroring myself and my decisions

Different type of decisions is taken by me regarding my work. All the decisions should be analysed me and the people around me.  This will be helpful for me in the analysis of future decision making. The limitations in the present decision making can be analysed and these limitations can be eradicated in the future decision making (Champy, 2009). After that, the future and the results of the past decision can be compared. The positive feedback can be getting after taking constructive steps regarding limitation on the past distance between.

Tough questions can be asked by the team

I am working as a junior team leader in Woolworths Supermarket. Therefore it is my duty to ask important decisions from the team members in my team. The self-analysis from these questions can be accomplished. If my team members are able to answer the tough questions easily then this will show that I am able to make my team understand important things regarding my organisation. They are able to understand the policies that are associated with their work. Tough questions will give their feedback regarding me if they are unable to answer tough questions.

Accountability partner

There is various employees work in the organisation. Any of the employees can become a partner for me. This partner can provide information about positive as well as negative improvement in me. The partner will be accountable regarding my self-development and self-awareness. The accountability partner can be a mentor also. This partner will make sure that I am on the right path of development or not.

It’s not all about me

It is very necessary to analyse that my team is working good for the organisation or not. If I am unable to make them understand the task then they will not work well for the organisation. Therefore it is my duty to make them competent in effective working for the organisation (Champy, 2009). The behaviour of the team members towards me will also show my response and my behaviour towards them. Therefore this self-development provides the analysis of self-awareness regarding own behaviour.

Personal leadership development strategy with leadership Theory

Behavioural theory

It is the type of theory of leadership different type of behaviour can be used by the leader for accomplishing the organisational task. The autocratic behaviour can be used by the leader in the situation when employees are already ready to work. In this situation, the leader only assigned the task to the Employees (Lamm, et. al., 2018). The relational behaviour is implemented by leaders when an important task has to accomplish with the help of the team of the leader. In this situation, the leader provides training to its staff regarding the important task. The different problems that are associated regarding the task are solved by the leader.

This theory will be helpful for my personal leadership development as different behaviours will be understood with the help of this theory. This theory provides the reactions that have to be made by a leader in the different situation with the employees that are working under the leader. This theory will provide me with an opportunity to lead my team efficiently.

Hersey and Blanchard’s approach – Situation theory

There are various types of styles that can be implemented by any leader for accomplishing the work in the organisation. The style can be used according to the situation.

Telling

This is the leadership style that is used in the situation when the task is regular work that is associated with the responsibilities of staff (Globe, 2018). In this style, less relationship is focused by the leader.

Selling

Some of the tasks are there that require coaching as well as supervision. In such type of situation, a leader implements selling is time. Leader trains the team member as well as motivate them to do that work.

Participating

This is the type of leadership style in which relationship is given priority by the leader. The task is least focused on this style. This type of leadership is implemented by the leader when there is less commitment of the team member is shown. In this situation, the leader motivates the team member to work with full of commitment.

Delegating

When the team member is already motivated to do the particular task then this delegating style is implemented by the leader (Lamm, et. al., 2018). In this situation relationship as well as task both is less focused by the leader.

This style of leadership will provide me with a platform to know the method of tackling team member in a different situation. This type of leadership Theory is very useful for the individual that wants to become a good leader. Leadership can be performed by any individual without any issue with the help of this situation theory.

Fiedler’s Least Preferred Co-worker Contingency theory

Different type of contingencies can be possible at the time of working in an organisation. Contingencies can be solved with the cooperation and coordination between the employees. It is very necessary for a leader to take a fast decision in contingencies. There is the various method by which contingency can be minimised at the time of work.

Leader-member relations

If the team member and the leaders are enjoying good relationship then in the situation leader ask the team member to be Cooperative at the time of contingency. The flexibility in the work can be possible from the team member side because of a good relationship between leader and team member.

Task structure

The controlling of the task is in the hands of the leader. If there is contingency takes place in the organisation then prioritisation of the task can be possible. In this situation, the team members should agree to resolve the contingency according to the task urgency.

Leader position power

The leader is having high authority among the team member. Therefore leader should have that personality so that the team member will follow the instruction given by the leader. The same following should be accomplished by the team member at the time of contingency. This will be helpful in resolving the contingency in a fast manner (Globe, 2018).

The above methods provide me with the opportunity to learn the authoritativeness of the leaders. The method by which flexibility among the team members can be implemented is also analysed with the help of this leadership Theory. The solution of the contingency can be analysed easily with the help of coordination and cooperation. This theory provides me with the understanding of coordination and cooperation in the team.

Capacity to motivate others

It is very necessary for the leader to motivate the team members. Effective team working is very necessary for any organisation. The coordination between the team can be implemented with the help of motivation. There can be a different type of methods to motivate the team members. These are: –

Sharing the vision

The organisational vision can be shared to the team member. It is a good step to motivate the employees of the organisation. The employees will able to understand the mission for which the organisation is working. This will be beneficial for the employees to get motivated. They will walk in the direction of the organisational mission. This technique will be helpful for me to make my team good for the organisation.

Appreciation

Appreciation is the techniques that can be learned by me to motivate my team. This will be helpful for me in motivating a team (Lin & Chen, 2018). Appreciations are given to the employee because of a good performance of the employee.

Welcoming new ideas

Different ideas are given by the team members. Ideas from different team members should be welcomed by the leader. If the leader found idea suitable for the organisation then that Idea is implemented. The innovation can be bringing in the organisation with new ideas. This is the leadership style that will make supportive (Javidan, et. al., 2006).

Empower each individual

Little encouragement is very useful buy the leaders. If the encouragement is given to the individual on the small good performance then it will be a quite motivating moment for the team member. Therefore this leadership style will be helpful for me to encourage team members for working on the future challenging task.

Healthy competition

Competition between employees can be created by the leader. This will make the employees enthusiastic. They will work enthusiastically to be in the top of the competition. Competition can be created by me for the completion of the important task with full of commitment by the team member.

Celebrating success

After the accomplishment of the important task, it is very necessary to celebrate success. This can be possible with the help of creating a theme party in the workplace. This type of parties will make me involve efficiently among the team members. Team members will also able to know each other personally is such parties. This will enhance the commitment of team members towards the organisation.

Coach others, receiving and giving feedbacks

Coaching others about the self-awareness and self-leadership development will be helpful in making good communication skills. Pre-preparation before the coaching can be done every day. This will be helpful for an individual to which I will train. Feedbacks from the team members will be connected regarding the change in my skills. Any limitation will be provided by them regarding my skills. I will also able to make constructive changes regarding their personal leadership development by the means of training.  For the development of communication skills, various communication techniques can be implemented by me. The development in the communication skills will also be the result because of this training. Feedbacks regarding the communication will also be getting from this training (Hinck, 2017). This training will provide me with an opportunity to improve my communication skills.

Emotional intelligence

It is the analysis of own emotions. The balance can be created between the emotional life and professional life with the help of emotional intelligence. This is the learning that will make me emotionally strong in different situations at the time of working. Emotion can be perceived by the self-analysis. Behaving right according to the situation is the next step. Understanding the emotions of the team member that are associated to be can be possible only with the emotion analysis. Managing the disturbing emotion of other can be possible with the help of an analysis of the situation and emotion both.

Emotional intelligence will benefit me in different aspects. This will help me to develop my leadership styles. Team performance of the organisation can be increased with the help of emotional intelligence. Occupational stress can be decreased with the help of emotional intelligence. This will be helpful for me for not coming into the stress in any critical situation in the workplace. The decision making can be improved the emotional analysis. The ability of leadership enhanced because of all the benefits of emotional intelligence. This intelligence also provides personal wellbeing of an individual (Hinck, 2017). Reduction in staff turnover can be seen because of the analysis of emotional intelligence.

Active listening

An active listener will always be a good communicator. Active listening can be possible with the help of attentiveness among the individual. I will ask the team members to be attentive at the training session that will be given by me. The open-ended question will be asked by my team member. These questions will make me accountable in different situations. Clarification on the different questions will be given by me. I will also ask clarification from others to develop their communication skills. Paraphrasing can be possible with the help of active listening. This will be helpful in making the agreements from another party. Feelings can be reflected with the help of active listening. The feeling of another individual can be analysed with the help of active listening. Summarising the whole conversation can be possible with the help of active listening. In this way, active listening will be helpful for developing my communication skill in different aspects.

Empathy building

This can be possible with the help of listening to others. The viewpoint of the other individual should be considered seriously. This is the main step for building empathy. After welcoming the other viewpoint, it will be validated by me if I found that point suitable for the organisation. My attitude will be examined by me at the situation. The response of the other individual in this situation after validating the idea of that individual should be analysed (Kostina-Ritchey, et. al., 2017). The Other changes that the particular individual wants to implement should also be welcome. This is the technique that will make me learn the ethics that has to be followed by the authority of the leader.

Collecting feedbacks

Feedbacks regarding my learning can be collected from others. Feedback regarding my training can all be collected from the team members. Feedbacks are very essential for the constructive steps that can be taken for improvement.

Reflective practice and continuous learning

The necessary steps that are accomplished in this assessment will be regular. All the steps will be followed by me in a continuous manner. This learning will provide me with an opportunity to understand the new skills continuously. Personal leadership development can be possible only with the steps that are described in this assessment. These steps will provide me with an opportunity to grow in my career.

Conclusion

Self-development of an individual can be possible with the help of self-awareness. Self-awareness is also helpful in building a strong leadership of an individual. The leadership theories also provide learning regarding the leadership styles that can be implemented in the career. The motivation can be helpful for the team members. Motivating others also provides an opportunity to develop leadership skills. Training others will be beneficial for developing communication skills. Leadership can be developed by a continuous process of skill development.

References
  1. Champy, J. (2009). Authentic leadership. Leader to leader2009(54), 39-44.
  2. Globe. (2018). Global Leadership & Organizational Behavior Effectiveness. [Online] Globe. Available at: https://globeproject.com/results/countries/AUS?menu=country. [Accessed: 29 November 2018].
  3. Hinck, J. (2017). Designing an Organizational Leadership Development Program: A Case Study Approach. The Journal of Nonprofit Education and Leadership7(4).
  4. Javidan, M., House, R. J., Dorfman, P. W., Hanges, P. J., & De Luque, M. S. (2006). Conceptualizing and measuring cultures and their consequences: a comparative review of GLOBE’s and Hofstede’s approaches. Journal of international business studies37(6), 897-914.
  5. Kostina-Ritchey, E., Velez-Gomez, P., & Dodd, S. L. (2017). STUDENT ASSETS AND COMMITMENT TO LEARNING IN AN AFTERSCHOOL LEADERSHIP DEVELOPMENT PROGRAM: Looking Beyond the Myths. Middle Grades Research Journal11(2).
  6. Lamm, K. W., Sapp, L., & Lamm, A. J. (2018). A Longitudinal Evaluation of Change Leadership within a Leadership Development Program Context. Journal of Leadership Education17(3).
  7. Lin, T. B., & Chen, P. (2018). The Inception of a Curriculum Leadership Development Program in Taiwan: Rationales and Designs. Chinese Education & Society51(5), 324-336.
  8. Sowcik, M., Benge, M., & Niewoehner-Green, J. (2018). A Practical Solution to Developing County Extension Director’s Leadership Skills: Exploring the Design, Delivery and Evaluation of an Online Leadership Development Program. Journal of Agricultural Education59(3), 139-153.

Appendix

Planning template

Activity Duration Psychometric Result
Self-awareness  3 month Able to take quick and fast decision with a positive attitude
Behaviour development 5 month Able to behave well with different people 
Situation tackling  4 month React and do according to the situation that gives a good result for the organisation
Contingency handling  4 month Able to eradicate issues and problems in the organisation
Motivating other & self-motivation 3 month Commitment and responsible behaviour towards work can be increased
Train other for my communication skills 5 month Communication skills can be made better

 

Introduction

In this assessment, there is the analysis of the various issues that are with the tourism sector. The main issues that are discussed in this assessment are terrorism, employment and sustainability. All the issues are discussed in this assessment that provides good insight on the topic. 

Terrorism

Terrorism is increasing day by day in different parts of the world. Terrorism impacts negatively on the tourism of the world and Australia. Various attacks are taking place in different countries that affect the security of the tourists (Vermeersch, et. al., 2017). Tourist gets feared because of a terrorist attack in a particular country. Countries issues guidelines regarding not to go in the countries for tourism their terrorist attacks are taking place.

Brighton siege

Yacqub shares what’s the 29-year-old Somali Born individual. This person shot a receptionist of a service apartment in the Brighton. This individual was having a connection with ISIS a terrorist group. Later this individual was died because of a police shootout.

Melbourne stabbing attack

In the year 2018, a person set a fire in the utility vehicle in Melbourne. Then this attacker kills one individual on the street. Two other persons were wounded by this individual. The utility vehicle was exploded because of the Fire (Battersby, 2018). This individual was also shot dead in the Shootout by Victorian police.

These are some of the recent attacks that affect the mood and motivation of tourists to visit in Australia. Visa the incidence that can take place with any tourist that visits Australia. Tourism of Australia is considering this issue very seriously. The CEO of tourism in Australia is insisting that these are the tragic events that take place in Australia. The security is one of the main factors that are considered by International travellers coming to Australia. Terrorism in Australia is isolated but it can’t be taken lightly. Involvement of the tour operators in accomplishing the security are the necessary steps that had taken by tourism of Australia for motivating The Tourist. This is step will not affect the tourism of Australia.

Employment

It is one of the main issues in the tourism sector. Employment in tourism is not stable. It varies on the number of tourists visiting the particular country. In the whole world, the types of tourism take place that is seasonal. 

Migration

Due to the climate condition Migration of birds take place from one country and continent to other country and continent. This migration creates tourism in a particular country. Therefore in that particular season tourism take place at that location. This is the reason for the seasonal employment in the tourism sector.  The people that are associated with tourism have to be unemployed in the non-seasonal time (Smith, 2015). In Western Australia, approximate 175000 Birds come to Australia in the spring. Various types of ducks species and Roebuck Bay come to Australia. The situation creates a seasonal employment to the people that are involved in tourism of bird sanctuaries.

Climatic and geographical condition

The climatic condition of Australia is such that people love to visit in this country from December to February in the summers and from June to August in the winters. Great Barrier Reef is one of the tourist sites in Australia is always remains warm. In the summers the temperature rises to this tourist site up to 90°C. Rainfall is also taken place in plenty of amounts at this region. Therefore people used to visit this site in winters (Wachowiak, 2016). gold cost is always having a good weather condition fall of the Year, therefore, this is the region in which tourist used to come in summers as well as winters but the tourist is absent in the rainy season. Therefore these geographical and climatic conditions affect the employment of the people that are associated with tourism in Australia. The same is the situation with different countries in the world.

Sustainability

Sustainability is another factor that is at risk and became an issue regarding tourism.

Pollution

Pollution is a major threat that is being accomplished at the tourist sites. The Tourist sites are losing their beauty because of pollution. A large number of tourist to the tourist sites is becoming a serious cause of pollution near the tourist sites. Vehicle emission near the tourist sites due to a large number of tourist visit results in pollution. This issue is impacting greatly on the appearance of the tourist sites. All types of pollution like land pollution; air pollution and sound pollution are caused by the large number of tourist at tourist sites (Salazar, 2012). Pollution is one of the main issues that are taking place in tourism.

Resources

Near the tourist sites like natural tourist sites, various natural resources are present. The beauty of these sites is because of the presence of natural resources. A tourist visiting these sites is impacting negatively on the natural resources of the natural site. The Tourist that are doing camping and tracking effects these resources greatly. The beauty of these resources gets affected results in less tourism at these sites in the coming year. The resources are the natural beauty of any tourist sites. Therefore these tourist sites should not be affected at any cost.

Therefore it is very necessary to implement the sustainable development program at these sites so that tourist motivation regarding visiting these sites will remain active. The sustainability of the tourist site can be maintained by the local support also. The awareness programme among the tourists can be developed by the tour operators. These tour operators can also make aware The Tourist regarding not to affect the tourist sites at any cost. Limitation of the vehicles at the tourist sites should also be done so that pollution can be Limited at these sites. This wills the result in none damaging of the sites at any cost (Suhud & Willson, 2016).

Conclusion

It can be concluded that there is the type of issues are there in tourism. A large number of tourist sites is affected by pollution. Seasonal employment is also impacting negatively on the tourism of the world. Terrorism is a threat to tourism.

References

Battersby, J. (2018). Terrorism Where Terror Is Not: Australian and New Zealand Terrorism Compared. Studies in Conflict & Terrorism41(1), 59-76.

Salazar, N. B. (2012). Community-based cultural tourism: Issues, threats and opportunities. Journal of Sustainable Tourism20(1), 9-22.

Smith, M. K. (2015). Issues in cultural tourism studies. Routledge.

Suhud, U., & Willson, G. (2016). Giving Over Taking/Receiving in Volunteer Tourism.

Vermeersch, L., Willson, G., & Sanders, D. (2017). Climate changes impact on tourism: the attitude of Australia’s Generation Y. Journal of Hospitality Application & Research12(2), 24-40.

Wachowiak, H. (Ed.). (2016). Tourism and borders: contemporary issues, policies and international research. Routledge.

Introduction

Innovation is very necessary for any organisation. There are various current trends in any type of industry. Trend changes according to time. Therefore it is necessary to implement the change in the product. This can be helpful with the help of new ideas and innovation. Ideas are implemented for making the product better than the present condition of a particular product. Various problems regarding the products can be solved with the help of innovation (Björkdahl & Holmén, 2013). The productivity of the product can be enhanced with the help of innovation. Apple is having very innovative products. Innovation in the products of Apple results in a large number of sale. This assessment analyses the innovation of Apple. This report provides information that innovation is helpful in making a good offering to reach a large number of customers. Resources can be organised well with the help of innovation in the business.

Types of Innovation – Radical and incremental innovation in smartphone industry

All the devices that are made by smartphone companies are user-friendly. It is not the situation in which users are having trouble of using the devices. The connection of humanness is bringing by smartphones with the technology in the products. This strategy attracts a large number of customer towards this industry. This leads to growth and research on further innovation. It is the thinking of companies that they are designing a product for the human fingers and hands. Smartphone companies are designing their products for the humans not for the code Jockeys (Innovarsity.com, 2018. 

Internet connectivity also played a great role in bringing the innovation in this industry. The art and the design in the product attract the customer. The design of the product is inspired by humanity. The human values are embedded in the products in the present smartphones. The product of present companies is the intersection of Science and humanity (Heracleous, 2013).

Radical innovation

It is the type of innovation that has never been experienced by customers. The acceptance of these type of innovations takes time to be accepted in the market. In the smartphone industry, the radical innovations by apple are: –

Formulation of offerings

According to Gershon (2013), Apple is one of the leading Smartphone, laptop and computer manufacturing organisation. This company also manufactures accessories of smartphone, laptop and computers. This organisation is one of the leaders in innovation in the world. This organisation provides unique features in its product. The uniqueness of the product results in innovation. The unique combination of great software involved in hardware results in large customer base for this organisation. Apple is having the ability to create new business species Björkdahl, J. and Holmén, M., 2013that helps in the creation of New Market Niche. Most popular products of Apple are iPhone, MacBook, iTunes, iPod and iPod. These are the products that show the great innovation in offering a product to the customer. The innovation is bringing in the Apple according to Vision and Mission of the organisation. The organisational structure of Apple matches with firm strategy.

Beauty in product

The engineering to the product of this company is accomplished so that beauty in the products can be implemented. The products are designed in such a way that they are good at Eyes. It was the belief of Steve Jobs that human being never holds ugly things in their hand. With this belief beauty in design was brought by Apple.

Incremental innovation

These are the type of innovations that are developed which are already present in the market and experienced by the customers. These innovations are developed in smartphone industry by Apple as: –

Innovative partnerships

Apple creates opportunity in the market for its partner to get a large number of profits. This opportunity can be created by Apple because of innovation. Every new product of Apple is having new innovation (Cheng, et. al., 2014). New innovation creates a difference in the market. This brings the customer to the Apple Store.

Supply chain

Apple over-invest in the supply chain management. Apple has a tendency to launch its product with the new innovation. It is the trend in the market that after the launching of the product, it gets popularised. This can result in a shortage of the product in the market.

4ps model of exploring innovation

Paradigm 

Apple manufacturer’s smartphones like iPhone and also manufacturer’s iPod. These products will never be successful if there will be no App Store and iTunes. This is the innovation strategy that is followed by Apple. The app store is the smartphone application store licensed only for Apple products. Apple user can download any of the smartphone apps from App Store. Most of the Smartphone manufacturers are not having their own operating system. They purchase the licence of Play Store for smartphone applications.

Product 

The employees of this organisation do face to face discussion regarding the product and its offerings that is made by the company. There can be another way like instant messaging and teleconferencing that can be used for discussing regarding the product. Apple always focuses on creating the product such that positive review can be circulated in media. Apple takes help from an influencer. This company believes in face to face analysis about the product among the employees of the organisation. The opinion can be made by any employee of the organisation regarding the correct (Lehman & Haslam, 2013). This is helpful in making the product very useful for the customer. Various problems and issues regarding the product can be analysed with the help of this discussion. The endless test is conducted by Apple before launching the product in the market. The product is offered to the customer full of analysis. The collaboration is bringing by apple for the promotion of innovation in the product.

Process

The resources of Apple can be managed well with the help of innovation. Apple is having most high price product in the market even then there are higher sales of Apple product in the market. This is because Apple places its product with unique values in the market. This helps in value creation and branding of this organisation. App stores are having innovative apps that are helpful in creating a success story for the products of Apple. A user can easily download the applications from the App Store and use them for their utility (Shuler, et. al.,  2012). iPhone get its platform in the world market because of App Store. The strong business model for Apple is because of Association of product with the software and other technology that is also made by Apple. iTunes is used in Smartphone as well as iPods. iTunes is a media player from which online music can be played. iTunes launched on 9th of January 2001. It can be operated in Mac OS. Mac OS is the graphical operating system that is developed by Apple for its product.

There is no permission required for Apple products while using app store and iTunes. Products and the software both are developed by Apple. These are the main resources of Apple hands can be easily managed as developed and operated by Apple only. This business model is creating a large amount of profit for Apple. The applications present in the app store are user-friendly and authenticated. There are very less chance of malware entering in the Smartphone and laptop application of Apple. This creates trust among the customer. This is the milestone example of innovation that is managing its software as well as hardware resources (Innovarsity.com, 2018).

Position

Apple is blessed with employees like Steve Jobs. Innovation is promoted by Steve Jobs in this organisation (Kapoor & Agarwal, 2017). With the help of innovative process the customers can be targeted by the apple at different places like in the seminar, public gatherings. The online advertisements and the TV commercials are also the good tools of targeting the people by Apple. Innovative ideas were welcomed from any of the employees of Apple at the time of Steve Jobs as well as the present by which targeting of the customers can be possible.  

Sources of Innovation

Partnership

Apple stores are operated by the franchise of Apple. The growth in the business of Apple results in the growth of partners also. With the help of innovation, partners can be managed as they are also interested in future business with Apple. Therefore it is an innovative strategy that is implemented by Apple for its partner.

Distribution

For no shortage in the market Apple over-invest in the supply chain. Products of Apple are easily available in the market because of innovative supply chain strategy. The demand for pre analysed of the products of Apple. According to the demand-supply of the products are accomplished (Wijaya, 2013).

Nurturing talent among employees

Employees of this organisation help each other in the critical situation regarding Technology. This helps in the development of the technology at Apple. With the help of this coordination, Apple is easily able to manage their staff. When Steve Jobs was the CEO of Apple he always nurtures his employees to take their talent out for the products. The motivation strategy is always followed by since or for the employees of Apple.

HR as executive

The HR department of Apple is treated as an executive department. All the risk that is associated with apple is provided by the HR department of this organisation. Constructive measures that can be taken for mitigating the risk are also provided by the HR department. Effective communication is managed between the employees by this department so that coordination among the employees can be increased (Ngo & O’cass, 2013). This results in effective innovation for the organisation. The human resource of this organisation designed an innovative system. the creativity can be harness among the employees because of the innovative system used by this organisation (Khan, et. al., 2015).

Push and pull influence innovation in Apple 

Reaching to customers as push factor

Apple talks to their customer in their language. This helps the customer to feel close to the Apple. This is the strategy that is implemented by Apple attracts a large number of customer. This provides a better customer experience with the customers of Apple. The advertisement for Apple products are made that prospects emotions. The emotion of the common man is in the advertisement of Apple products (Apple, 2018). This creates a sense of belonging among the customers. Influencer is helpful in targeting the relevant audience regarding the products of Apple. The marketing that is accomplished by this organisation is done with the product story. The marketing is done in a simple way that is easily understood by any customer (Apple, 2018). This simplicity helps in targeting the customer easily.

Venture acquisition as pull factor for innovation

The steps are taken as pull factor by the Apple is venture acquisition. The innovation can be bringing in the organisation that will easily attracts the customers. Apple purchased many of the organisations for organising resources and creating innovation. In 1998 network innovation was purchased by Apple. This helps the Apple to get Intel processor in their product. In 1998 Macromedia’s intellectual property was acquired by Apple. At the same time employee team that developed video editing program was also acquired by Apple to establish itself in the video editing market.

The 2005 acquisition with Finger Works helps this organisation in the touch technology by acquiring this company various patents was also acquired by Apple that is used in the iPhone and iPad. The digital advertisement Campaign of the Apple is fulfilled by acquiring the Quattro wireless in 2010. The advertisement in the mobile device can be possible with the help of this organisation. This helps the apple in fulfilling the advertisement strategy. The software application market is based on advertisement and their utility (Innovarsity.com, 2018). 

Venture acquisition help in managing the present innovation of Apple. A new innovation in this organisation is also created because of venture acquisition. This new innovation can be managed by that organisation from which acquisition is done by Apple. In this way, various resources that are necessary to develop for Apple can be possible with an acquisition. An acquisition is also creating sustainability for apple. The acquisition helps in the development of new products with effective management of the resources that are needed in developing those products. This development is possible with the help of acquisition only.

Conclusion

Innovation is very necessary for any organisation. Innovation brings new ideas and technologies in the organisation. Innovation also helps in facilitating the business of organisations like apple. With the help of innovative offerings can be made to the customer easily. The method of reaching to the customers can be made simple with the help of innovation. Easy management of the organisational resources can be possible with the help of innovation. Innovation is helpful in creating business growth. This business growth provides a good amount of profits to Apple. The value added to the business can be created with the help of innovation.

References

Apple. 2018. Marketing Resources and Identity Guidelines [Online]. innovarsity.com. Available at: https://developer.apple.com/app-store/marketing/guidelines/. [Accessed: 4 December 2018].

Björkdahl, J. and Holmén, M., 2013. Business model innovation–the challenges ahead. International Journal of Product Development18(3/4), pp.213-225.

Cheng, C.C., Yang, C.L. and Sheu, C., 2014. The link between eco-innovation and business performance: a Taiwanese industry context. Journal of Cleaner Production64, pp.81-90.

Gershon, R.A., 2013. Digital media innovation and the Apple iPad: Three perspectives on the future of computer tablets and news delivery. Journal of Media Business Studies10(1), pp.41-61.

Heracleous, L., 2013. Quantum strategy at apple inc. Organizational Dynamics42(2), pp.92-99.

innovarsity.com. 2018. Apple’s Systemic Approach To Innovation. [Online] innovarsity.com. Available at: http://www.innovarsity.com/coach/bp_innovation_strategies_apple.html. [Accessed: 4 December 2018].

Kapoor, R. and Agarwal, S., 2017. Sustaining superior performance in business ecosystems: Evidence from application software developers in the iOS and Android smartphone ecosystems. Organization Science28(3), pp.531-551.

Khan, U.A., Alam, M.N. and Alam, S., 2015. A critical analysis of the internal and external environment of Apple Inc. International Journal of Economics, Commerce and Management3(6), pp.955-961.

Lehman, G. and Haslam, C., 2013, December. Accounting for the Apple Inc business model: Corporate value capture and dysfunctional economic and social consequences. In Accounting forum (Vol. 37, No. 4, pp. 245-248). Elsevier.

Ngo, L.V. and O’cass, A., 2013. Innovation and business success: The mediating role of customer participation. Journal of Business research66(8), pp.1134-1142.

Shuler, C., Levine, Z. and Ree, J., 2012. iLearn II An analysis of the education category of Apple’s app store.

Wijaya, I.M., 2013. The influence of brand image, brand personality and brand awareness on consumer purchase intention of Apple smartphone. Journal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi1(4).

Executive summary

In this assessment measurement of performance for the Samsung is accomplished. The strategies that are involved in the performance management by the Samsung are also analysed. The stakeholders are the main entity of any organisation. The methods that are involved by the Samsung for the management of risk associated with this organisation are also determined in this assessment. The financial performance that is accomplished by this organisation is described in this assessment. The perception of the customers regarding the performance of Samsung is also presented in this assessment. The recommendations that are necessary for the improvement of performance are investigated in this assessment.

Introduction

Performance management is a whole new aspect which starts as soon as an employee enters the organization and ends with the resignation of the employee. Performance management facilitates communication with its employee and helps the organization in measuring the performance of the employee and appraising the employee. Samsung manages the performance of its employee and provides them with incentives to them motivated towards the work. Performance management not only includes the employee performance but also how the organization creates and maintains their stability in the market. How they manage their risk and communicate with their stakeholders. How they react to the feedback and perspective of customers and clients (Chow and Gender, 2015).

It also, makes sure that the operation of Samsung is running effectively and the evaluation and of the performance is done accurately. In the end, the deviations in the performance are analyzed and proper implementation towards it is made.

Organizational performance management and performance measurement

Samsung is a Korean based company offering services to its customers and job opportunity to its employees for 50 years approx. Samsung is the second largest information technology company in terms of revenue in the world. Samsung deals with electronic items like mobiles, laptops, television, refrigerators, etc. The organizational performance management system is the process of analyzing, evaluating and managing the performance of the organization throughout the year. By using the previous data and information, the performance of Samsung’s employee is measured so that the appraisal to the employee could be given. It helps in analyzing that whether the performance of the employee matches with the performance meters set for the employee, and if not, corrections to the policies are made (Grant, 2016).

Performance management

(Figure: Performance management)

(Source: Grant, 2016)

Performance management is an art of creating an environment where the employees could work with their best of abilities. It focuses on evaluating the performance rate of the employees and helps in communicating with them. It starts when an employee enters an organization and continues until he left the organization. Performance management and performance measurement are related to each other. Samsung makes sure that its employee is working in a coordinated environment where their thoughts are always given a place and they are also motivated for their achievements so that they could give their best performances. Samsung uses the pricing strategy for its employee. Towards the best contribution, the employees are awarded and appraised. Many training and development programs are running in a year and the grievances of the employees are communicated so that they could feel the safe and important in the organization (Chadwick, et. al., 2015). 

Performance management helps in the welfare of the employee and thus, develops the skills and standards of its employees. By motivating and waking their initiatives, Samsung could be able to gain effective performance of its employee and thus, the organization. Good performance results in optimum utilization of its resources and help in achieving its objectives effectively and efficiently and thus, helping Samsung, in establishing good brand value in the market.

Communicating performance to stakeholders

Communication is the most important aspect of any business. Samsung makes sure that it communicates with each stakeholder so that it could be able to build good relationships with them.

Stakeholders Promotional schemes Communicating ways Expectations
Employees Samsung hires and cultivates talented and skilled people and provides them with adequate training and development throughout the year. It provides time to time performance appraisal to them and provides them with good incentives. Multidimensional evaluation,

VOE.

The welfare of the employees, their development rate, appraisal, and fair compensation.
Shareholders Samsung understands the importance of its stakeholders and regularly communicates with them via shareholders meetings and minute maids. It helps the shareholders in knowing the issues and also the achievements of the organization, thus helping Samsung in establishing good relationships. IR activities,

Meetings of shareholders (Hatch, 2018).

Cooperation with them, increasing the values of shareholders.
Customers Samsung values its customers and understands the fact that the customer is its ultimate aim. They aim at providing maximum satisfaction to its employees, by keeping regular communication procedure with its clients. It welcomes the feedback of its customers and always works on it. It treats the customer as part of its organization and adopts new schemes for providing benefits to its employees. CS surveys meetings, VOC. Increases customer satisfaction and support, aids on providing the protection to the privacy of its customers.
Government Samsung fulfills all the rules and regulations of the government and maintains healthy relationships with the central power. Through, seminar and conferences, it provides the performance o the company and keeps transparency with the government. It relays on the fact that, with the mutual relationship both the party could grow together. Seminars, conferences,

Magazines and newspaper supplies (Basole, 2016).

Management of governable ethics, legal compliance.

Risk management

From the recent reports and data, it could be seen that the customers are not satisfied with the performance of the Samsung. Many reports regarding the explosions of the phones have been seen. Hanging on the phone is the main and the most accepted problem in the Samsung products. 

Risk Management

(Figure: Risk Management)

(Source – Fainshmidt, et. al., 2016)

Samsung should try to minimize it. Risk management helps the company in managing its risks and moving ahead. Risks directly aim at the downfall of the company. Risk management helps the company in identifying the risks in the company and helps the company in framing new laws and policies for the company so that it could be able to minimize it and rise in the market (Fainshmidt, et. al., 2016).

Quality management and improvement

Quality is something which should not be compromised. Samsung aims at providing quality products at reasonable rates. Samsung says that quality should never be ignored for quantity. By providing qualitative services to its customers, it provides satisfaction to its client and thus, increases its business. Quality management involves the activities where the quality of the product or service is measured and compared to its standards sets, if any deviations occur in that, new protocols are formed, and a better product is supplied (Gruber, et. al., 2015).

Samsung works on achieving excellent quality products so that it could outshine in the market. Samsung deals in electronics items and compromising the quality in this fields leads to the losses and no interest from the customer because of the competition in the market. To gain a successful business, Samsung makes sure that all its operations are qualitative and the work is going on effectively and efficiently.

Financial performance

Samsung has stable financial resources and is the highest revenue earning company in the sector. It aims at quality products at affordable prices which helps in generating customers for the company and thus, helping in increasing revenues of the company. Samsung has achieved able financial goals and is capable of achieving them. Financial performance helps to measure and to maintain the policies and operation of the firm in a year. From the data and information, available it could be seen that revenue of Samsung is increasing year by year and is becoming the top competition for the well-established firms like Apple. In the past years, some of its products saw the downfall in the market, but overall Samsung is working for uplifting its company’s brand and is establishing an excellent track for achieving its financial objectives (Arora, et. al., 2015).

Customer and client perspective

The customer is the ultimate resources of the company. The company is made and ran for its customer. What a customer thinks about the company, matter a lot. Samsung makes sure that its brand image and identity is good in the market. It makes steps for analyzing that its customers are getting what it is conveyed to them and are not framing negative perspective about the company. It is important to maintain healthy relationships with the customers so that, the company could benefit through mouth advertisement. Having a positive mindset of the company, company frames new customers in the market and is able to provide satisfaction to its customers (Ramadan, et. al., 2017).

Samsung achieves mutual relationships with its clients by providing them with high-quality services through a number of channels, previously, customer centers were contacted only when, a problem arises, but now, a minute problem, customer call the call centers and figures out the solution. Samsung should aim at providing excellent customer care services to its customers and gain a positive image in the market.

People Perspective

What brand image a company is forming in the market tells a lot about the performance of the company.

Samsung’s objective is not limited to selling or promoting a product or fixing the product but also; it aims at establishing good relationships with its employees. By building interrelationships, Samsung caters at solving the problems of the customer and providing them with fuller satisfaction. Samsung also aims at providing doorstep services to its customers so that, they could not face problems of loading the products to the repair shops and bear the costs. By delivering amazing services, it helps the company in getting more investments in the wide range of its products by its customer and thus, creating huge profits for the company.

Samsung is well known for its quality products and also at reasonable prices and helps the company in generating new customers every year (Lin, 2017).

Samsung is not only customer oriented company but also focuses on the welfare of its employees. It provides time to time appraisal to its employee and creates good brand value in the market. By giving good incentives and recognition to the employees, the company is able to gain a positive perspective from the people and thus, it will be able to gain social approval.

Implementation issues

Samsung is growing day by day and is adopting new technological advancements in its products. With the fashionable mobile phone to smart television, it is taking over the market. As it is providing amazing products and service to the customer it is charging it from the customer for the same. But, customers face a lot of problems in the product of Samsung and especially in its mobile ranges (Cai, et. al., 2018). 

Mobile comes with a handy feature and is now a replica of many activities. But Samsung is compromising in the quality of the product. Problems like battery poor life glitches like bad applications performance upset the customers who are paying the high prices for the same. A most common problem that is seen in the products of Samsung is mobile hanging and automated rebooting. It disturbs the tasks of the customers and impacts the performance of the overall company (Grant, 2016). 

According to the technology, Samsung is adopting new advancements, but the portable charging mode is not up to the expectations which make customers, dissatisfied. This issue makes it hard for the company to maintain its performance and harms the image of the company too.

Recommendations for improvement

Although, the Samsung is doing good in the market, its Mobile and tablets range, is not working much in the market due to its bad performance and many other reports like an explosion of the handset and of course, the biggest problem hanging and the battery life of the mobile phone. As a result, decreasing market share of Samsung could be seen and also, dissatisfaction on the side of the customer could be observed. 

For grading up the market share and providing the satisfaction to the customer, following are the recommendations on which Samsung could act upon:

  1. Improve battery life: Mobile runs in the battery and if the battery is not sufficient then, the problems will arise gradually. The customer now a day’s do not use the phone only for calling or text but also for several other activities which demand the fuller battery performance of the model. Samsung should focus on increasing the battery effectiveness of the product so that customer could be kept loyal to the company (Hatch, 2018).
  2. Cutting down on new ranges of the particular product or cutting back on models: Samsung has this habit of releasing a new phone with advance feature every now and then, which upsets the customer as its possession seems to be outdated and newer one seems to be updated which makes the customer worried about the cost and performance. New and updated products symbolize the social status and market value of the customer and the outdated one declines it.  
  3. Explosions of the phone should be treated: Customers face a huge problem of explosion due to heating up of the mobile phone. A mobile phone completes works or operates on the software and hardware of the product and the heating up of mobile hardware’s results in the heating and blasting up of phones. Samsung should aim at the development of good quality software having excellent performance and its heating and blasting problem should also be fixed (Budhraja, et. al., 2017).
  4. Improvement in the software: Samsung should focus on gaining the advantage from its competitors. Samsung’s software is having this problem of hanging and rebooting and which needs to be fixed. Investments on the newer feature introduction in the phone should be focused so that the newer customers could be attracted.

Conclusion

From the above report, it could be concluded that the measurement of the performance of the organization and the employee is necessary for an organization. Performance management helps the organization in knowing their performance throughout the year and also, helps in knowing where the deviations are and where the corrections are needed. It helps the companies in managing risks and other uncertainties. It facilitates the communication gap between the employees and its stakeholders. It helps the company in appraising the performance of its employees and helps in taking many other decisions regarding the value and their feedback of the people. It helps in establishing interaction between the providers and customers and facilitates the facility of quick feedback. Most importantly, performance management not only measures and manages the performance but also helps in improving the quality of the performance of both employee and organization.

References

Arora, A., Arora, A.S. and Sivakumar, K., 2016. Relationships among supply chain strategies, organizational performance, and technological and market turbulences. The International Journal of Logistics Management27(1), pp.206-232.

Basole, R.C., 2016. Topological analysis and visualization of interfirm collaboration networks in the electronics industry. Decision Support Systems83, pp.22-31.

Budhraja, V.S., Dyer, J.D. and Morales, C.A.M., Electric Power Group LLC, 2017. Real-time performance monitoring and management system. U.S. Patent 7,233,843. 

Cai, J., Liu, X., Xiao, Z. and Liu, J., 2018. Improving supply chain performance management: A systematic approach to analyzing iterative KPI accomplishment. Decision support systems46(2), pp.512-521.

Chadwick, C., Super, J.F. and Kwon, K., 2015. Resource orchestration in practice: CEO emphasis on SHRM, commitmentbased HR systems, and firm performance. Strategic Management Journal36(3), pp.360-376.

Chow, J. and Gender, T.K., Honeywell International Inc, 2015. Flash memory management system and method utilizing multiple block list windows. U.S. Patent 6,895,464.

Fainshmidt, S., Pezeshkan, A., Lance Frazier, M., Nair, A. and Markowski, E., 2016. Dynamic capabilities and organizational performance: A metaanalytic evaluation and extension. Journal of Management Studies53(8), pp.1348-1380.

Grant, R.M., 2016. Contemporary strategy analysis: Text and cases edition. John Wiley & Sons.

Gruber, M., De Leon, N., George, G. and Thompson, P., 2015. Managing by design.

Hatch, M.J., 2018. Organization theory: Modern, symbolic, and postmodern perspectives. Oxford university press.

Lin, C.S., 2017. Untangling the relationship between strategic consistency and organizational performance: An empirical analysis of moderator variables. Journal of Management & Organization23(4), pp.483-503.

Ramadan, B.M., Dahiyat, S.E., Bontis, N. and Al-Dalahmeh, M.A., 2017. Intellectual capital, knowledge management and social capital within the ICT sector in Jordan. Journal of Intellectual Capital18(2), pp.437-462.

 

Property Id Market Price ($000) Sydney price Index Total number of square meters Age of house (years)
1 971 95.4 348.2 2
2 971 90.0 336.1 3
3 966 97.9 335.0 9
4 965 135.7 328.2 10
5 964 121.1 316.8 14
6 958 136.7 309.1 12
7 955 141.3 308.9 8
8 952 89.8 307.7 14
9 948 183.9 306.8 13
10 944 94.6 300.4 6
11 932 96.7 299.2 5
12 931 90.1 295.7 8
13 925 65.5 293.0 7
14 921 147.3 292.7 7
15 920 122.2 292.5 10
16 917 183.0 292.0 4
17 915 120.9 291.3 11
18 913 70.8 289.8 9
19 912 144.0 287.8 4
20 908 108.7 281.9 11
21 905 125.6 281.1 7
22 902 76.5 280.4 8
23 893 110.6 280.1 7
24 893 91.8 277.5 12
25 885 116.5 277.3 6
26 885 104.1 277.3 15
27 885 124.1 275.0 14
28 884 147.1 274.4 10
29 883 75.8 274.1 13
30 879 106.3 274.1 12
31 879 97.3 273.9 19
32 879 86.8 273.0 6
33 878 54.6 272.5 9
34 878 93.1 272.3 9
35 877 133.9 272.0 9
36 877 118.0 272.0 13
37 877 155.7 271.4 1
38 875 83.2 271.4 19
39 875 129.0 271.4 18
40 874 77.5 269.5 11
41 874 96.3 269.4 17
42 874 94.8 269.1 17
43 873 87.5 268.7 12
44 872 122.5 267.7 4
45 871 130.7 267.0 8
46 866 104.9 266.4 12
47 865 143.6 266.4 10
48 865 93.7 265.6 11
49 863 133.3 265.0 14
50 863 156.8 262.0 16
51 863 63.2 259.2 11
52 863 84.9 258.7 22
53 863 113.3 258.7 18
54 862 118.3 256.8 12
55 862 77.1 256.4 17
56 862 137.6 254.5 3
57 861 85.4 253.3 22
58 860 132.5 253.3 10
59 859 123.0 253.2 19
60 859 82.3 252.5 22
61 858 87.2 252.5 16
62 856 115.0 251.9 10
63 856 111.8 251.8 37
64 855 131.3 251.4 21
65 853 171.6 250.5 24
66 852 61.8 250.2 38
67 849 135.5 249.7 31
68 847 149.8 248.2 4
69 846 132.5 248.1 35
70 846 64.4 248.0 10
71 846 69.8 247.8 34
72 846 101.7 246.4 29
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76 844 141.1 244.8 40
77 843 123.5 244.2 33
78 843 73.4 243.6 27
79 842 84.9 242.9 10
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81 842 70.6 242.5 14
82 841 101.5 242.3 19
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84 839 142.2 242.0 25
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90 838 82.9 239.6 5
91 837 85.3 239.4 30
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93 836 110.3 239.2 3
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95 835 137.4 238.7 24
96 835 90.9 238.6 34
97 835 79.6 238.5 15
98 834 79.8 237.3 53
99 834 67.1 236.9 30
100 834 153.1 236.7 16
101 833 79.3 236.0 23
102 833 111.5 235.8 34
103 833 133.5 235.2 12
104 832 139.9 235.0 18
105 832 93.2 235.0 1
106 832 117.6 234.9 13
107 831 98.0 234.6 24
108 831 94.0 234.4 10
109 831 92.1 234.4 22
110 830 65.5 234.4 5
111 829 84.2 234.4 40
112 829 113.8 234.3 28
113 828 91.2 234.2 32
114 828 148.4 233.9 6
115 827 99.0 233.8 28
116 827 112.9 233.8 15
117 827 99.8 233.0 4
118 827 69.8 232.6 10
119 826 107.1 232.5 8
120 825 90.8 232.4 12
121 824 92.2 232.2 1
122 823 136.3 231.8 24
123 823 126.4 231.7 15
124 822 87.4 231.2 1
125 822 90.3 231.2 6
126 822 90.8 231.0 45
127 822 168.1 230.5 44
128 820 110.8 230.3 3
129 819 131.7 230.0 1
130 819 112.3 229.6 9
131 818 134.1 229.3 7
132 817 105.6 229.0 38
133 816 130.9 228.6 15
134 815 60.6 228.5 1
135 815 131.0 228.1 31
136 815 78.9 228.0 32
137 814 109.1 227.7 10
138 812 81.6 227.5 24
139 812 47.1 227.5 29
140 811 125.0 226.8 20
141 810 85.6 226.7 19
142 810 104.5 226.3 19
143 810 160.8 226.0 46
144 810 124.2 225.6 19
145 809 115.1 225.5 26
146 808 126.9 225.5 18
147 807 80.7 225.5 23
148 807 89.5 225.1 9
149 806 63.5 224.7 22
150 805 126.1 224.5 2
151 805 149.0 224.1 9
152 804 94.4 223.8 8
153 804 96.9 223.7 18
154 803 83.1 223.1 20
155 801 131.5 223.1 15
156 800 79.0 223.1 17
157 799 108.0 222.8 11
158 798 67.2 222.7 15
159 797 69.3 222.7 8
160 797 110.3 222.4 24
161 796 90.4 221.5 18
162 796 109.5 221.3 9
163 796 108.1 221.2 13
164 795 115.3 220.8 1
165 795 98.2 220.8 6
166 794 133.0 220.5 10
167 793 103.5 220.2 15
168 793 79.6 220.2 5
169 793 110.2 219.8 22
170 792 45.5 219.6 8
171 792 61.3 219.3 23
172 792 111.6 218.8 2
173 791 106.6 218.3 12
174 791 100.8 217.4 34
175 790 100.9 217.3 46
176 790 91.8 217.3 9
177 789 117.5 216.9 23
178 789 74.9 216.5 0
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180 789 122.1 215.7 37
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183 787 99.5 215.2 16
184 787 78.0 215.1 30
185 786 154.9 215.0 20
186 785 112.5 214.5 2
187 784 121.5 214.3 1
188 784 100.8 214.3 18
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190 781 132.3 213.5 1
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192 780 167.6 212.9 5
193 780 56.5 212.8 1
194 780 90.2 212.8 3
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196 779 103.7 212.4 32
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200 778 106.2 211.0 48
201 777 97.0 211.0 7
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203 776 130.6 209.7 21
204 776 127.2 209.6 18
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206 775 102.4 209.5 8
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209 774 103.5 209.1 31
210 773 107.2 208.7 23
211 773 86.9 208.4 1
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213 772 102.7 208.2 19
214 772 120.4 207.4 33
215 772 128.2 207.1 53
216 771 95.9 207.1 11
217 771 197.1 206.8 7
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219 771 110.9 206.1 2
220 770 103.9 205.4 30
221 770 140.8 204.7 11
222 770 135.6 204.0 24
223 768 103.3 203.7 27
224 768 54.2 203.7 10
225 768 23.1 203.6 31
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228 766 64.5 203.2 3
229 766 76.9 202.2 8
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236 762 114.6 200.3 19
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399 549 103.0 101.1 21
400 541 72.5 84.7 31

 

Sale Price
Selling price in $ 000s
Land size
Land size in Square meters
Year Built
Year house was built

Introduction

Accounting standards are the policies and the procedure that is developed by the Australian accounting standard board that helps in developing the rules and regulation in the company. The rules are applicable to the private as well as the public sectors of the company that are working and incorporated in Australia. Every company that has been working in Australia and listed or not listed on the Australian stock exchange has to follow the accounting standards that are developed in the sector and those which are applicable to the company. The standards help in building a good image and reputation of the company in front of other competitor companies. The company that is following the rules and regulations that are developed by the board helps in understanding the policies of the company. The investors also have trust in that company which is properly complying the rules and regulations.

Descriptions of Accounting Concepts

Accounting concepts refer to the rules and the regulations that are used for the purpose of recording and explanation of the transaction in the financial statements of the company. These are the use and incorporated in the public and the private sector companies and all the other amount of independent entities that are working in the Australian sector market. Accounting concepts help the investors and the other stakeholders to develop an opinion towards the company towards the process of governance. Accounting concepts help professionals to develop an understanding of the different concepts that are used in the business. It amounts to develop a good amount of knowledge in the company and the market area (Holland, 2016). The standards that are used by the BHP Billiton Limited to increase the reputation in the developed Australian market are as follows

  1. The company has maintained the standards that are for the presentation of the financial statements of the company in the proper format that is provided by the Australian board. The accounting standards developed for this purpose are the AASB 101 that helps to give the structure and content of the financial statements. 
  2. The second concept that is used by the company is the AASB 102 that is for the purpose of the accounting of the inventories. It amounts to develop the cost of the inventories and also amount to determine the revenue of the company. It also helps in determining the net realizable value for the company. It defines the accounting treatment of inventories that are in the use of the company.
  3. The company also follows the standards AASB 1031 in respect of the materiality of the transaction developed in the company. The materiality depends on the size and the nature of the business that is carried out by the company. It helps in developing and making judgments regarding the decision and the presentation of the financial statements (Joubert, et. Al., 2017).
  4. The company also develops the standards AASB 1054 for the purpose of the additional disclosure in the company. The additional disclosure includes the report of the auditor and the other nature of the service that is undertaken by the company in development of the various activities.
  5. The company also follows the principles of AASB 1039 to develop the annual reporting that is consolidated for the subsidiaries of the BHP Billiton Limited. The preparation and the presentation also amount to develop various amount of disclosures in the company.
  6. The revenue recognition concepts are also used by the company to measure the fair value of the revenue or the amount of consideration that is received by the company. Revenue also helps in developing the risk and the rewards of the company that is to be based on the method of the delivery. 
  7. The company also uses the concept of depreciation to calculate the amount of depreciation that is levied on the assets developed in the company. The amortization and the useful life of the asset also amount to calculate on this basis (Dakis, 2016).

Why changes have been incorporated in the new accounting standard for lease AASB 16?

The various changes have been incorporated in the accounting standard that is developed by the Australian board. The changes that are developed the new model of the lease in the different amount of companies on the balance sheet. It does not recognize the short-term lease and the lease on the low value of the assets developed by the company. The changes are developed and issued by the Australian board in February 2016 but it came in the action in the year 2019. This lease has developed a lot amount of changes in the Australian companies that are listed on the Australian stock exchange. The companies that are mostly affected by the changes in the lease concepts are the mining, aircraft and the other various industries of the company. The new standards have to be used by the company with the proper amount and knowledge and the guidance that is developed by the company. The standard helps in developing one or more accounting changes in the company and the companies also need to develop the various other implications before implementing this system in the organization. The company adapts this leasing system because it helps in increasing the lease liability of the company and helps to develop the various issues in the company in regards to the profitability (Chan & Ryan, 2013). 

Real estate sector may be in the possession of the various different amount of the lease and the change in the accounting standard also impact the development that is relating to the change. Some points are very much stronger than it helps in developing the company with the various issues that are going to develop the company soon but some points are not classified under the lease. The various amount of lease effect the significant entities of the company and also the recognition will not be easy and effective. The recognition and the development of the new lease system that is developed by the board affect the performance indicators of the company in a negative way. The cash flow and the earnings of the company are mostly affected by the lease that is developed newly in the organisation. The principal and the amount of interest developed by the company will also amount to be affected by the new standards developed in place of the lease. The new development in the accounting system helps in revising the lease and minimize the impacts of the assets and the liabilities of the company (Brumm & Liu, 2019).   

The new development in the standards gives the option to the company to measure the assets in respect of the liability developed in the company whereas in AASB 16 the asset should be measured in terms of the lease commencement of the company. The outstanding liability amounts to be considered by the company using the different rates of the borrowing that is developed by the company at the date of the transition. In the AASB 16 we have to develop the new project and other amounts of implementation for the company. The development of the new standards helps in early planning and preparation of the project for the company and the other amount of developments in the company. To avoid the consequences the contractual agreements need to be made in the development of the company and the other amount of methods in developing the company. These new standards also help in the tax relief developed by the company and maintaining the lease account separately by the company with the help of the developed standard (AASB, 2016). 

Both the option either it is the old one or the new one it helps in reducing the net assets of the company and also helps in developing the borrowing rate of the company. The new lase developed by the Australian board does not affect the net asset of the company but it helps in reducing the profit of the company. This also helps the company give to receive a large amount of tax relief from the other situations of the company. The standards help in providing the relevant information that is developed in the manner of the lease and for the lease transactions of the company. The total expense developed after using the new standard that is developed for the purpose of the lease as compared to the other amount or the amount that is developed with the using of the old standard. It also impacts the financial position of the company that is the net assets and the other amount of assets and liabilities that amount to develop in the company. It may result in significant savings and the development and growth in the company in regard to the various other liabilities (Lease, 2019).

Summarise the key disclosure the company has made on its accounting for leases including on the transitional provision and effect of the transition to AASB 16 from AASB 117.

Asset under the lease results in developing the risk and rewards of the company and also the amount to capitalize the assets of the BHP Company. The lease assets of the company are treated same as that of the other assets of the company. The depreciation levying on the assets also amounts to be same and developed the accounting treatment on that basis only. The disclosure made by the company on the basis of the lease are as follows

  1. The financial lease of the company is included in the interest liability of the company that is showed in the balance sheet of the company under this heading and developed the calculation on that amount. 
  2. The interest also amounts to show the constant rate of interest over the remaining period of the time when the company is amount to bear the lease amount on the interest of the company. 
  3. The operating lease of the BHP Company are not capitalized and they are not treated as the capital expenditure of the company and also amount to include in the profit and loss statement of the company and also in the cash flow statement of the company (Potter, et. Al., 2013).
  4. The rental payments that are included in the lease amount to be charged on the straight-line basis it means same in every year. The other lease also amounts to be disclosed by the company but in the separate headings.
  5. Ongoing commitments are also disclosed by the BHP Company in the commitments that are developed by the company in the balance sheet of the company and also developed in the other amount by the company.

These are some of the disclosures that are made by the company in which the company undertakes the new amount of lease in the process of developing the lease in the financial statements of the company. Every lease of the company is different but the new standard that is developed on the lease will affect the most by the mining companies that are the BHP Company of Australia. The various amount of transitional relief is developed by the company on behalf of the lease that is particularly for the amount of lease that is developed in the company (Stevenson, 2012). Both the lessee and the lessor are available for the purpose of the exemption that is granted by the authorities only if they amount to develop the new standards that are developed by the board in Australia in relation to the accounting standards of the company. 

There is number of effects that are developed by the company using this system. The BHP Company has discovered that the company is suffering the loss in the various key performance indicators of the company. The company should also develop an effect on the tax amount. The tax amount gets decreased due to the change in the assets and the liabilities of the company that is developed for the purpose of this account of transaction of the company. The company should also receive the impact on the dividends that are developed by the company using the various amount of negativity developed in the company. To avoid the various consequences that are developed in the company using the new standards the company has given the transitional period to change this accounting from the other amount of accounting developed by the company (Xu, et. Al., 2017). 

The changes in the standards also have the positive and the negative impacts on the company and they amount to provide relief to the company. The changes help in ensuring that there is two amount of option that is available to the company that helps in reducing the tax for the company and develops the company in a positive way.

Conclusion

From the above analysis, it is clear that the BHP Company is following all amount of rules and regulations and that why it is ranked as number second among all the industries working in Australia. The accounting concepts also affect the decision of the investors of the company and there is also the difference between the actual and the estimated results of the company. The disclosure of the accounting standard of lease helps the company in giving the clarity of decisions by the company and also amount to develop the trust in the company. Disclosure helps the lease properties to develop themselves and also have the tax deduction of the impairment of the assets. Changes that are made in the provisions of lease help in reducing the burden of the company on the disclosure of the information and the other amount of things. 

References

AASB, C.A.S., 2016. Consolidated Financial Statements.

Annual report (2019). Welcome to BHP Billiton Limited. [Online]. Annual report. Available at: https://www.bhp.com/-/media/documents/investors/annual-reports/2018/bhpannualreport2018.pdf. [Accessed at: 30 September 2019]

Brumm, L. and Liu, J., 2019. New leasing accounting standard. Taxation in Australia53(8), p.449.

Chan, H.T. and Ryan, S., 2013. Challenging stereotypes: International accounting students in Australia. Journal of Modern Accounting and Auditing9(2), p.169.

Dakis, G.S., 2016. Upcoming changes to contributions and leasing standards. Governance Directions68(2), p.99.

Holland, D., 2016. Simplifying income recognition for not-for-profit entities. Governance Directions68(11), p.666.

Joubert, M., Garvie, L. and Parle, G., 2017. Implications of the New Accounting Standard for Leases AASB 16 (IFRS 16) with the Inclusion of Operating Leases in the Balance Sheet. The Journal of New Business Ideas & Trends15(2), pp.1-11.

Lease (2019). A guide to AASB 16. [Online]. Lease. Available at: https://www2.deloitte.com/content/dam/Deloitte/au/Documents/audit/deloitte-au-audit-aasb-16-guide-220916.pdf. [Accessed at: 30 September 2019]

Marşap, B. and Yanık, S., 2018. IFRS 16 Kapsamında Kiralama İşlemlerinin Finansal Raporlamaya Etkisinin İncelenmesi. Muhasebe ve Finansman Dergisi, (80).

Potter, B., Ravlic, T. and Wright, S., 2013. Developing accounting regulations that reflect public viewpoints: the Australian solution to differential reporting. Australian Accounting Review23(1), pp.18-28.

Stevenson, K.M., 2012. The changing IASB and AASB relationship. Australian Accounting Review22(3), pp.239-243.

Xu, W., Davidson, R.A. and Cheong, C.S., 2017. Converting financial statements: operating to capitalised leases. Pacific accounting review29(1), pp.34-54.

Abstract

The assignment is to make on the research and analysis of the financial performance of the selected company as we selected the Medibank private limited so we are going to analyse the medibank financial performance. This assignment requires making a comprehensive and detailed examination of the financial statement and its annual report, its share market, its market value, to come out the conclusion regarding the financial position and strength of the company. The financial statement gives overall data of the company of the same year. Analysis of financial performance can be done by making a comparison for two year or previous year’s data, these financial data helps to identify the real situation of the company. Financial strength can be measured by making the market analysis of customer satisfaction by its products and services offered by the company. This analysis report is required to make to provide advice to the wealthy investors regarding the financial position, its stability in the market, its transparency in the market. This analytical report gives assurance and a kind of satisfaction before making the investment in it. So that members trust can be enhanced by making believe on the productivity of the company.

I Introduction

Organisation that is selected for analysis in this report is Medibank Pvt. Limited. Medibank commenced on 1 July 1975 after passing the medibank legislation by joint sitting of parliament on 7 august 1974.the health insurance bill 1973 was the main bill that established MEDIBANK. Medibank private limited is a national private health insurer based company in Australia. It is second largest health insurance provider of Australia with the 3.8 million members & 29.1% market under two brands (medibank and ahm) .this company was set up to provide competition to private “ profit making company” health funds. Medibank was previously run as a not for profit organisation and later operated as a for profit government business enterprises with dividends paid to the federal government. It is a listed company on ASX. Medibank invests in community programs that support the health of all Australian this includes growing healthy kids which encourage healthy and active lifestyle in childhood. 

II Financial Analysis of selected company

Description of one key product or service provided by the company

PRODUCTS OF THE COMPANY: COMPANY is providing the following services:

  • Private health insurance
  • Travel insurance
  • Life insurance
  • Pet insurance
  • Workplace health promotion
  • Workplace health management
  • Health call centre.

Out the above one key product or services offered by the company are:

Private health insurance: private health insurance is also main product or services which are offered by medibank private limited (Medibank.com, 2019).

Health insurance policy is very important for managing the health issues, health care needs and health related expenses (Mustafa, et. al., 2012). We can claim the tax benefits under section 80D of the IT Act.

There are multiple health policy are available in the market which makes us confused , out of these which is best for us..

WHY MEDIBANK HEALTH INSURANCE

Medibank private limited health insurance policy is better than others.

Medibank private limited provides health insurance for all (singles, couples, family, single parents it has the staff having knowledge and expertise according to needs of individual.

The company uses the following kinds of offers to attract and to optimise the satisfaction of its customers.

Offers:

  • 100% back on optical: get 100% back on the optical item ( up to the annual limit) at any recognised provider (Friesl, 2012).
  • 100% back on dental twice a year: get 100% back on up to two dental checks up every year, including x-rays, from any member choice dentist.
  • 100% back on kids extras: the company offers for kids no hospital excess on every one of its family hospital covers. And it also offers 100% back on included extras at member’s choice providers, as part of growing family and settled family packaged cover; it only applies to child and student dependents (Medibank.com, 2019).
  • Accident cover boost…etc.: life is not predictable, any injury happened because of the accident, requires the hospital treatment, this insurance cover such risk that means services which are normally excluded will be treated as included to cover the injuries caused by accident (Rao, et. al., 2013).

Identify and conduct a trend analysis with two groups of financial ratios, including liquidity and capital structure of the selected company.

Particulars 2016-17 2017-18 2018-19
Health Insurance Revenue 6797 6468.8 6655.8
Claim Expenses -5553.1 -5206.8 -5341.9
Net Income 1243.9 1262 1313.9
Other Income 11.8 12.5 6.4
Operating Expense -766.3 -771.7 -806.8
Income Tax -179.2 -174.2 -178.6
Investment Income 139.3 95.6 102.8
Profit for Discontinued Operation 2.5 20.9 21
       
Net Income 452 445.1 458.7
       
Balance Sheet      
Cash 597.6 470.1 656.5
Trade & other Receivables 317 292.2 283.9
Other Assets 2088.8 2328.7 2190.1
Current Assets 3003.4 3091 3130.5
Long Term Investments 87.3 53.6 49.3
Intangible Assets 321.1 350.1 405.9
Other Assets 53.7 50.2 45.1
Net Fixed Assets 462.1 453.9 500.3
Total Assets 3465.5 3544.9 3630.8
Current Liabilities 1564.7 1534 1517.5
Total Liabilities 1742.7 1715.7 1695.4
Total Stockholders’ Equity 1719.8 1829.2 1935.4
       
Share Information       
Earnings Per Share – Basic 16.3 16.2 16.7
       

(Source: Annual Review, 2019)

(Source- Annual Review, 2019)

(Source: Annual Review, 2019)

Trends:

  • In the year 2016-17 the current ratio is between the 1to 2. But in the year 2018-19 & 2017-18. The ratios were greater than 2. It depicts that the company had sufficient funds to pay of the payables and the current liabilities (Delen, et. al., 2013)
  • Liquidity ratio is less than 1.but it shows positive results hence the company can pay liquidates expenses or contingent. 
  • Net Margin ratio is almost equal in all the year. It means that the company had not improved a lot but also not make losses from the past years (Danese, 2013).
  • The net worth ratio will be slightly downward as compared to the other years

Perform a non-current asset analysis 

The assets schedule is given below:

(Source- Annual Review, 2019) 2

(Source: Annual Review, 2019)

Perform a scenario analysis with data provided

(Source- Annual Review, 2019) 3

 

(Source- Annual Review, 2019) 4

Average Price $20 
Units to be sold 360000
Life 4 years
Equipment Cost $2,500,000 
Residual Value $500,000 
Working Capital $800,000 
Variable Cost $18   
(Source: Annual Review, 2019)
NPV Worst Case
Years 0 1 2 3 4
Equipment Cost 2500000        
Sales   7200000 7200000 7200000 7200000
Working Capi1tal   $800,000  800000 800000 800000
Variable Cost   6480000 6480000 6480000 6480000
Residual Value         $500,000 
Cash Fixed Cost   550000 550000 550000 $550,000 
Profit Before Tax   ($630,000) ($630,000) ($630,000) ($630,000)
Tax   -189000 -189000 -189000 -189000
Profit after Tax   ($441,000) ($441,000) ($441,000) ($441,000)
Discounted Values 1 0.892857143 0.79719 0.71178 0.63552
Discounted Cash Flow 2500000 ($393,750) ($351,563) ($313,895) ($280,263)
(Source: Annual Review, 2019)
Outflow 2500000
Inflow -1339471.06
Net Present Value -3839471.06

 

Average Price $30 
Units to be sold 540000
Life 4 years
Equipment Cost $2,500,000 
Residual Value $500,000 
Working Capital $800,000 
Variable Cost $12   
(Source: Annual Review, 2019)
NPV Best Case
Years 0 1 2 3 4
Equipment Cost 2500000        
Sales   16200000 16200000 16200000 16200000
Working Capital   $800,000  800000 800000 800000
Variable Cost   6480000 6480000 6480000 6480000
Residual Value         $500,000 
Cash Fixed Cost   350000 350000 350000 $350,000 
Profit Before Tax   $8,570,000  $8,570,000  $8,570,000  $8,570,000 
Tax   2571000 2571000 2571000 2571000
Profit after Tax   $5,999,000  $5,999,000  $5,999,000  $5,999,000 
Discounted Values 1 0.892857143 0.79719 0.71178 0.63552
Discounted Cash Flow 2500000 $5,356,250  $4,782,366  $4,269,970  $3,812,473 
Outflow 2500000
Inflow 18221058.73
Net Present Value 15721058.73

(Source: Annual Review, 2019)

Interpretation on the sensitivity

Selling price: 9055951 = .19

  450000*35*3.037

Variable Price = 9055951 = .44

  450000*15*3.037

Fixed Cost = 9055951 = 6.63

  450000*3.037 

Identify and discuss any latest share or bond issuance by the selected company\

ON 26 MARCH 2014 Minister for Finance Mathias command announced that medibank sold through initial public offer in 2014-15 financial years. The sale was completed with 100% of the company sold .listing was done on Australian stock exchange under the code MPL on 25 November 2014.at that time market capitalisation was A$ 5.921billion.

Ray Williams, who was the public servant created the medibank in 1976 and he said the benefits should go directly to the customers.  

The medibank IPO price was $2.15 and then government exceeded the range $1.55 to $2.00 and after it sale was gone up to 5.7 billion for the government.

Medicare is equity oriented entity, it possess 29 percent share of health insurance which enables it to negotiate in the market with other health insurance providers (Azim, 2012).

After this IPO, no further issue, right issue, private placement, bonus issue was brought by medibank private limited .as the medibank is an equity oriented company, authorised equity share capital of the company has not been changed (Siddiqui, 2015). it is the same as earlier however earring per share changed in every year because of retained earnings and reserves which was created by the company every year.

As the company is listed on asx ,shares are traded on asx.

The current market price of share of medibank private limited 3.36AUD ON 26 September.

The company is equity oriented so no bond was issued by the company. And no preference shares were issued by the medibank private limited (Akpan & Amran, 2014).

Calculate and discuss the PE ratios and share price movement of the selected company through 3 years

P/E Ratio will be used for the relative valuation. It is used to compare the share price to stocks earning per share. It is used to compare the investment basis that what are the returns on the basis share price (Medibank.com, 2019).

Formula

Price-Earnings Ratio = Price per share ÷ Earnings per share

Price of the share : $ 3.08

Earnings per share : $0.168

Price Earnings Ratio = $3.08 / .168

    = 18.3

Hence it will show that the company will pay 18times that the share of investment.

III Recommendation letter

After the analysis of the financial position of the Medibank. The following recommendation can be made for the betterment of the company. The company is doing well with the business. Hence the ratio are calculated to know the company analysis and to know profitability of the company, the profitability is maintained in all the 3years of the business, hence the shares of the public in the company are secure, and they will be getting good result as per the expectation. The company should perform extra activities or make the popularise to increase the income and to grow the profitability of the company. The company should invest in the long term investment to increase the income of the bank. The PE ratio of the company is also showing that the company is also giving good returns of return. For maintaining the PE ratio the company should fluctuate rate of interest as per the market trends, so the interest on saving as well as on the loan should be balanced. The company assets which are in the progress should get complete as the 3 years or above had passed in the working stage. As per the analyst the investors should invest in the company to get better results.

IV Conclusion

Medibank is providing different kinds of insurance like health insurance, life insurance, and pet insurance etc. to cover the risk of its members. Multiple analysis was done to come out on the conclusion like non-current assets analysis, cash flow statement analysis, liquidity ratio, capital structures that means all over financial statement. By the analysis of income statement and comprehensive examination of financial performance based on financial statement of medibank private limited for financial year 2018-19. Profit was enhanced by 3.1% in the comparison of 2017-18 financial years. Earring per share was also enhanced by 3.1% as in 2018 it was 16.2and in 2019 it is 16.7.and if we talk about dividend per share it was also enhanced by3.1%. In 2018it was12.70 and in2019 it is 13.10. 

The health insurance premium revenue was also enhanced by 2.3%in the comparison of the last year so on the basis of comparative study of two years in the simple words we can say that profitability of the company is increased. And it gives satisfaction to the investors to invest in product and services of medibank private limited that the company is growing company and it will fulfil the needs of the company. Andes for the fulfilment of companies gives different kind of health insurance offers like 100% back on optical,100 percent back on dental twice in a year.100 % back to kid’s extras. these offers are provided by the company to enhance the customer satisfaction and needs of the customer, Medibank not only providing offers but also providing different mode to claim the insurance, so that its member can claim the insurance amount very conveniently and their trust will be enhanced day by day on the company, In fact they also encourage to people to invest in company.

References

  • Akpan, E.O. and Amran, N.A., 2014. Board characteristics and company performance: Evidence from Nigeria. Journal of Finance and Accounting2(3), pp.81-89.
  • Annual Review, 2019. Medibank [Online]. Annual Review. Available at https://www.medibank.com.au/about/investor-centre/results-reports/annual-reports/[Accessed on 27.09.2019].
  • Azim, M.I., 2012. Corporate governance mechanisms and their impact on company performance: A structural equation model analysis. Australian journal of management37(3), pp.481-505.
  • Danese, P., 2013. Supplier integration and company performance: A configurational view. Omega41(6), pp.1029-1041.
  • Delen, D., Kuzey, C. and Uyar, A., 2013. Measuring firm performance using financial ratios: A decision tree approach. Expert Systems with Applications40(10), pp.3970-3983.
  • Friesl, M., 2012. Knowledge acquisition strategies and company performance in young high technology companies. British Journal of Management23(3), pp.325-343.
  • Medibank.com, 2019.About  Medibank Australia [Online]. Medibank.com. Available at  https://www.medibank.com.au/about/ [Accessed on 27.09.2019].
  • Mustafa, S.A., Othman, A.R. and Perumal, S., 2012. Corporate social responsibility and company performance in the Malaysian context. Procedia-Social and Behavioral Sciences65, pp.897-905.
  • Park, T.Y. and Shaw, J.D., 2013. Turnover rates and organizational performance: A meta-analysis. Journal of applied psychology98(2), p.268.
  • Rao, J., Yu, Y. and Cao, Y., 2013. The effect that R&D has on company performance: comparative analysis based on listed companies of technique intensive industry in China and Japan. International Journal of Education and Research1(4), pp.1-8.
  • Siddiqui, S.S., 2015. The association between corporate governance and firm performance–a meta-analysis. International Journal of Accounting and Information Management23(3), pp.218-237.