Analysis of Carphone Warehouse Financial Statements Essay

Analysis of Carphone Warehouse Financial Statements - Essay Example mobile services into one single media delivery chain facilitated by the expansion of high speed wireless internet and broadband services worldwide (Pricewaterhousecoopers, 2006). This new economic era changed many industries since it pushed the demand for products for high tech product such as mobile telephones up since mobile technology became a part of the new integrated supply chain of high tech products. In the United Kingdom a major player in the communication services industry is The Carphone Warehouse Group. The emphasis of this report is to analyze the financial position, performance and prospects of this firm as well as providing a brief analysis of the accounting standards that Carphone Warehouse utilizes in its presentation its financial reports. Carphone Warehouse is the biggest player in the European market in the independent retailing of mobile phones and related services with over 2,200 retail stores across 11 countries (Carphone, 2007). The United Kingdom company established its operation in 1989 whose founder Charles Jones envision a firm that had the potential of dominating the European market with the implementation of a organic growth model. The organic growth business model is a business or economic philosophy that emphasis on steady constant growth over a prolonged period of time (Moore, 2006). An example of a booming economy that utilized this model to reach constant 10% economic growth for multiple decades is the Chinese economy. Carphone Warehouse transformed from a small mobile retailer 18 years ago, to a multinational giant in the telecommunication industry that obtain annual sales of 3.99 billion pounds in 2006 (Annual Report: Carphone, 2006). The company’s strategic focus includes a continued market share growth, value added services, building lifetime customer relationship and increasing productivity and profitability (Carphone, 2007). The mobile services industry generated global revenues of approximately 3.32 trillion dollars

Developing Organisational Capacity (ALDI) Essay

Developing Organisational Capacity (ALDI) - Essay Example An efficient training and development program for a company involves systematic steps and procedures before, during, and after the training process, which must be adhered to, in order to achieve the objectives of the training and development process (Hameed & Waheed 2011). Before undertaking training, a company ought to ensure that it creates a conducive environment for training and that it is able to sustain the training process. During training, it is important that the mind of the trainee is transformed in order to ensure utilization of training knowledge. On the other hand, after training, a company ought to ensure that the trainees have gained the necessary knowledge and skills. In addition, it is important to evaluate the training strategies and tools to ensure their effectiveness in future (Hameed & Waheed 2011). Overall, the HRM of a company must ensure effectiveness in is practice and strategies, to achieve company goals. Analysis of the Training and Development Processes at Aldi Aldi is one of the companies that are committed to training and development of their employees. This company follows systematic process in training and developing its employees (Brandes & Brandes 2012). ... This ensures that a company has the appropriate number of employees, with the relevant skills for their job. Workforce planning is also important as it helps in the identification of gaps in the skills of employees, and addressing them in order to achieve goals (Brandes & Brandes 2012). Since Aldi plans to expand by opening more stores, it is important that the company perform an analysis of the skills that employees will need to have. In addition, the type of training to be undertaken by employees also will need to be decided. This will help Aldi to sustain its competitiveness in the market, since the company will have employees with the right skills, thus minimal knowledge and skills gap. In addition, this will help the company fill any gaps created within its workforce due to promotions of some employees in the company (Brandes & Brandes 2012). Aldi also ensures that it employs the right people by specifying the job requirements in their vacancy advertisements. Job descriptions fo r employees, which are well developed, serve as a tool for communication. These bear the responsibilities of the employee, the qualifications, and experience, as well as the relationships of the specified job with other job positions (Hameed & Waheed 2011). This therefore, helps to give the applicant a direction and determines to them whether they are relevant for the job or not. This also communicates the employer’s expectations of the potential employee. Nonetheless, this is important for both the company and the employees. For employees, it gives them directions about what is expected of them in the job. For the company, this ensures that the right candidates, with relevant skills are