Operation Management Essay Example | Topics and Well Written Essays - 2500 words - 2

Operation Management - Essay Example This achievement can be credited to the attribute and analysis of Etisalat's widespread network, that characterizes UAE as one of the developed countries in the world in terms of unified and the best quality mobile connection (Etisalat, 2013). Research question 1) What are the concepts of operations management at Etisalat? 2) What are the weak points of operations system in Etisalat? Mission and vision statement Vision This vision is a community where populaces' reach is not restrained by issues or detachment; a society where individuals will naturally keep in touch with friends and family; a society where companies of different extents can make contemporary sales without the confines of distance and transportation (Etisalat, 2013). Mission Etisalat task is to lengthen publics' influence (Etisalat, 2013). Etisalat is developing superior networks that will make people to advance, acquire, and develop. The company has been in the forefront in technological inventions, involving a netwo rk of 3.75 installed in Egypt. Furthermore, Etisalat owns popular stocks in Thuraya, a controlling supplier of cable telephony (Etisalat, 2013). How Etisalat delivers its products to the customer Etisalat employs workforces that are highly skilled and obtained from twenty different nations, mainly contribute to the achievement of the company. Using expertise in working modern and technically advanced apparatus, the workers conduct widespread testing measures at every production stage (Etisalat, 2013). Its products are presently marketed in over forty countries across the world. Approximately fifty five per cent of Escalate's sales are achieved out of the UAE marketplace, as Etisalat aims at penetrating new markets in Asia and Africa (Etisalat, 2013). Explain the competitive priorities of the company A business should be involved in satisfying its clients' needs for quick and reliable services at affordable cost, as well as assisting its own providers in increasing facilities they pr esent (Slack and Lewis, 2007).There are five crucial aims and they concern all kinds of procedures. These are cost, quality, flexibility, and speed (Slack and Lewis, 2007).The following are the competitive priorities of the company of Etisalat telephone; cost, quality, flexibility, and speed as presented in the following table (Etisalat, 2013). Table 1.1 Cost, quality, flexibility and speed Cost refers to the actual price of the commodity. It should be noted that low cost is generally attractive to clients, which can be realized by manufacturing commodities at lower prices. Quality refers to organizing things in the right manner by providing goods and services that are perfect, which in turn satisfies the customers. Flexibility refers to implementing things quickly for clients to receive their commodities or services. Speed refers to doing things fast, to reduce the time between the demand and the invention or service that provides the client speed benefit. Marketing strategies A st rategy refers to an enduring proposal to attain certain aims. Marketing strategy refers to a marketing proposal designed to attain selling objectives (Slack and Lewis, 2007). Etisalat aims at producing the best quality telephone that cannot be found in any other company in UAE (Etisalat, 2013). Operation strategies This is the total outline of suggestions

Review of Financial Statements Paper Essay Example | Topics and Well Written Essays - 500 words

Review of Financial Statements Paper - Essay Example Under both systems financial statements of both entities play an important role. Balance Sheet is a statement of affairs of the company on a particular date that provides in details the sources of funds for the company and how those sources have applied for by the company. This in fact is an overall financial summary of the company as on a date. The depiction of sources of funds provides an idea as to how the company has mobilized funds in order to meet its objectives. Basically, funds can be organized through two sources, namely investments by the company’s shareholders and/ or through borrowings by the company. Investments by shareholders is the capital of the owners invested into the company, and held by the shareholders in the shape of shares of a specific value into the total capital of the company, which may be equity or preferential. The distinction of equity and preferential capital has to do with allotment of certain priority rights relating to payment of dividend and repayment of capital invested into such shares at the time of liquidation of the company. Further, a balance sheet describes borrowings as secured and unsecured. Repayment of secured borrowings is insured on the security of certain specific assets; whereas unsecured borrowings’ rights of repayment emerge only after the satisfaction of se cured loans, and out of left over assets of the company. Balance sheet further describes how funds of the companies have been applied on a particular date on different assets and miscellaneous expenditures that include expenditures deferred over a period of some fiscal periods. Assets may be fixed or current. Fixed assets are expenditures made by the company that provide benefits to the company over useful life of the assets. That is why only a portion of fixed assets expenditure, called depreciation, is