Starbucks Financial Analysis - 1739 Words

Starbucks Financial Analysis Financial Analysis of the Starbucks Corporation 2401 Utah Avenue South Seattle, Washington 98134 (800) 235-2883 Financial Analysis of the Starbucks Corporation Company Overview Starbucks is the world’s largest specialty coffee retailer, Starbucks has more than 16,000 retail outlets in more than 35 countries. Starbucks owns more than 8,500 of its outlets, while licensees and franchisees operate more than 6,500 units worldwide, primarily in shopping centers and airports. The outlets offer coffee drinks and food items such as pastries and confections, as well as roasted beans, coffee accessories, teas and a line of compact discs. The company also owns the Seattles Best Coffee and†¦show more content†¦Expenses, Total 489.25 Depreciation/Amortization 467.16 Interest Expense(Income) - Net (108.01) Other Operating Expenses, Total 294.14 Total Operating Expense 8,357.55 In Millions of U.S. Dollars (Reuters) The cost of revenue, or goods sold, is 86.3% of the total expense distribution for Starbucks. Assets and Capital Structure: FY 2007 Assets: Cash Equivalents 281.26 Short Term Investments 157.43 Cash and Short Term Investments 438.69 Accounts Receivable - Trade, Net 287.93 Total Inventory 691.66 Prepaid Expenses 148.76 Other Current Assets, Total 129.45 Total Current Assets 1,696.49 Property/Plant/Equipment, Total - Net 2,890.43 Goodwill, Net 215.62 Intangibles, Net 42.04 Long Term Investments 279.87 Other Long Term Assets, Total 219.42 Total Assets 5,343.88 In Millions of U.S. Dollars (Reuters) Total current assets make up 31.75% of total assets held by Starbucks Corporation. The Property/Plant/Equipment totals add up to be 54.1% of the assets owned by the company. FY 2007 Liabilities Accounts Payable 390.84 Accrued Expenses 664.29 Notes Payable/Short Term Debt 710.25 Current Port. of LT Debt/Capital Leases 0.78 Other Current liabilities, Total 389.42 Total CurrentShow MoreRelatedStarbucks : Starbucks Financial Analysis1185 Words   |  5 PagesStarbucks Financial Analysis It’s hard to drive the street these days and not see a Starbuck’s coffee house sitting on a corner with cars lined up in the drive-thru or consumers gathering in their cafà © to socialize. This has been the scene since the first Starbucks was opened in 1971. Since then, Howard Schultz, chairman and CEO, has embarked on a quest to bring Italian bistro traditions to the United States. 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Erikson s Eight Stages Of Psychosocial Development

Erikson’s Eight Stages of Psychosocial Development A follower in the footsteps of Sigmund Freud, Erik Erikson agreed with Freud on certain aspects of development but differed in the psychological field. Unlike Freud, who believed human beings went through stages of psychosexual development, Erikson created his own stages focusing less on sexual pleasures and more on the psychosocial aspects of an individual from birth to late adulthood. Therefore, the psychosocial development focuses on how a person develops his identity. While Freud devised five stages in his theory, Erikson created eight stages to describe the changes a person experiences after adolescents. Within each stage of development, a person undergoes a crisis or learns a specific concept about themselves that will determine how they are in the future. Once someone overcomes the crisis or predicament, he has then established one part of himself and is able to continue on to the next stage. First, children from birth to one year old battles the crisis of trust versus mistrust. In this stage, babies develop trust if their basic needs are fulfilled and satisfied. Therefore, they are regularly feed, burped, and loved. Giving a child a bath and changing her diapers when needed are characteristics parents must meet in order for their child to trust them and have reliance in other individuals as she grows older. Trust provides a foundation for future goals and phases an individual must go through such as forming one’sShow MoreRelatedErik Erikson s Eight Stages Of Psychosocial Development1428 Words   |  6 PagesErik Erikson’s eight stages of psychosocial development are very well known in the world of psychology. These eight stages deal with critical situations that we go through in life from infancy to late adulthood. â€Å"Throughout life we go through various stages during which we meet ever changing psychosocial challenges – the completion of these stages prepares us to mov e on to the following stages (Erikson’s Stages Through Identity).† This makes sense because we go through life making decisions in orderRead MoreErik Erikson s Theory Of Psychosocial Development884 Words   |  4 PagesErik Erikson Erik Erikson was born June 15, 1902. Erikson is best-known for his famous theory of psychosocial development and the concept of the identity crisis. His theories marked an important shift in thinking on personality; instead of focusing simply on early childhood event, his psychosocial theory looked at how social influences contribute to personality throughout the entire lifespan. Erik Erikson died May 12, 1994 due to prostate cancer. (Erik Erikson, 2015). Stages of Psychosocial DevelopmentRead MoreErik Erikson s Stages Of Development1608 Words   |  7 Pages The Psychosocial Development The View on Erik H. Erikson s Stages of Development Frank Phan Cosumnes River College Psychology 300 Abstract This paper will touch over the aspects of Erik H Erickson s eight stages and how they affect everyday lives from infancy to adulthood. The paper will go over the approximate ages and the psychosocial crisis that they will eventually come to. Neglecting a child can lead to a cause of mental negligence in the form of Arrested Development. Within differentRead MoreErik Erikson : Psychosocial Development1103 Words   |  5 PagesErik Erikson: Psychosocial Stages of Development â€Å"Erik Erikson was best-known for his famous theory of psychosocial development and the concept of the identity crisis. His theories marked and important shift in thinking on personality; instead of focusing simply on early childhood events, his psychosocial theory looked at how social influences contribute to personality throughout the entire lifespan† (Cherry). This paper will discuss Erikson’s childhood and the influence it had on his work. AlsoRead MoreErikson s Psychosocial Theory : Development Of Ego Identity1293 Words   |  6 PagesZoi Arvanitidis 05/16/17 ECEE-310 Dr.Alkins Studying Erikson’s Psychosocial theory Erik Erikson was a student of another theorist, Sigmund Freud. Erikson expanded on Freud’s psychosexual theory. Erikson later developed the psychosocial theory. This theory described the effect of one’s social experiences throughout one’s whole lifespan. One of the main elements of Erikson’s psychosocial theory is the development of ego identity. 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These stages start at birth and end with old age/death. Erikson’s work is used throughout many outlets of social work. Social workers use this information to help them figure out what is going on with clients and how best to help them. Erikson providesRead MoreErik Erikson s Psychosocial Theory On Child Development1388 Words   |  6 PagesErik Erikson’s Psychosocial Theory on Child Development Erik Erikson, a well known developmental theorist, developed his theory about stages of human development from birth to death by using Freud s work as a starting point. According to Erikson, personality develops in a series of stages. Erikson found out that children experience conflicts which affect their development. He described the internal conflict which children go through in developmental stages using the term ‘crisis’ and are based onRead MoreThe Theorist I Choose For This Paper That I Believe I Relate1509 Words   |  7 Pageschoose for this paper that I believe I relate to the most is Erik Erikson. Erik Erikson is best known for his theory on identity, which was a theory that was broadened from Sigmund Freud while retaining its core work (Schultz, D. Schultz, S., 2013). Erik Erikson’s mother, who was Jewish, became pregnant but a man that was not her husband after her husband’s disappearance. She was sent to Germany, where she gave birth to Erik. Erik Erikson grew up believing his pediatrician was his biological fatherRead MoreThe Boys Building A Racetrack1207 Words   |  5 Pagesrebuild their previous structures after they finish the racetrack. Erik Erikson was a student of Sigmund Freud unlike Freud, Erikson considerably focused on the social environment in a person s psychological development. Erikson’s theory is the psychosocial theory of personality development. It is important to understand a small percentage of what Sigmund Freud studied in his line of work to fully understand what Erik Erikson accomplished. Freud liked to talk about how nature and nurture contribute

Case Study for Management Control System of Woolworths Limited

Question: Discuss the management control systems of Woolworths Limited. Answer: In most organizations, strategies and goals are set so to as to lead them into achieving success and growth. An organization usually consists of resources, human and non-human that help it in its production and rendering of services. Most organizations put in place a management control system that assesses the performances of the available resources in regards to the strategies and goals set by the organization [[1]]. Management control system majorly helps an organization achieve its objectives. Woolworths is a retail organization that deals with selling food, liquor and petroleum. Also, Woolworths operates in home improvement. Woolworths Limited is considered to be among the largest retailers in Australia. The companys organization structure consists of the following board of directors, management board and brands that it manages. The board of directors has the responsibility to evaluate and oversee the operations of the organization. Some of the major brands of Woolworths include; BIG W, home improvement, supermarket and petrol, hotels, and liquor group. Woolworths management is, therefore, involved in the management control system. The management board consists of the various individuals such as the CEO, Managing Director, and Chief Financial Officer among others [[2]]. All of these managers work in their specialized areas to collect analyze and report information on the performance of these areas. It involves studying the strategies of the organization and comparing it to the performance of a specific unit of a group within an organization. This helps an organization achieve its set objectives. A good example of performance measurement in Woolworths is the one done on the following; home improvements, hotels, and others. This performance measurement involves giving a detailed report on the units listed above. This is done to assist the board of directors on how to allocate resources for these units and evaluate their performances. The performance is usually evaluated and measured based on the income of the units before interest, tax and individually relevant items. During performance measurement, apart from just reviewing the report on segments of a group, the revenue, expenses and financial cost of the group are also reviewed and assessed. The revenue should be based on the fact that is able to be recognized. Expenses involve depreciation and aromatization, employee benefits and leases. Depreciation and aromatization are done by estimating the useful life of an asset in the organization. This assessment determines by how much and after what period it should depreciate. The employee benefits will include establishing the benefits that will be a liability to the company. These factors help to measure the performance of a company. Each and every organization always has a specific culture that it identifies itself with. This culture consists of values which govern how people in the organization should behave and carry out themselves. Another way of ensuring that organizational strategies are met is by using the management control system to ensure that the employees behave in accordance with the standards of an organization [[3]]. This section of management control system entails communication, coordination, and motivation. Management control system has the following components; action, result, and personnel controls. Action controls make sure that employees behave in a way that would benefit the organization. Results controls ensure that the outcomes of a particular performance in an organization are according to the strategies put in place. Personnel controls ensure that the type of employees that work in an organization are experienced and qualified for the work, more so educational qualifications. Personnel controls also ensure that loyal and hardworking. In the management control system of Woolworths, the following elements make up the action controls; administration, separation of duties and definition of actions that are acceptable. The administration is the sole decision maker in an organization. The management board and its role form part of this element. It is quite evident that the decisions that the management board makes in one or another influence the actions of the employees. Woolworth is a big organization that involves different units that may not require same management hence for it to function effectively, duties have to separate. This is to help reduce the workload. It also helps to easily identify those who are accountable for particular actions. Definition of acceptable actions involves observing, tracking and rewarding good actions. One way in which Woolworths rewards it employees is through remuneration. The remuneration is purely based on performance. Rewarding of good performances is very important since it is a way of motivating employees to perform actions that aim in achieving the strategies put in place. Apart from keeping track of the good actions, the undesirable actions are also kept track of to ensure that they do not happen. Woolworths usually ensures that whenever they are selecting employees for particular post or proportion, they set up conditions that would enable a qualified person to be selected. Woolworths also organizes training and seminars for their members so as to increase their knowledge on a particular job [[4]]. Resources should be enough to facilitate the tasks done. Hence, Woolworths allocates resources fairly. For example Director of human resource ensures good allocation of human resources to the jobs to be done. The action, result, and performance control ensure that the employees perform actions regarding the actions put in place. A dimension defines the extent of a particular thing. Management control system has it dimensions. They usually differ from organization to organization. An example is the tight and loose controls. This dimension shows the extent at which a management control system has an impact on the employees. Tight controls have a greater influence on employees. For example, when looking at the tight action controls, it is quite evident that they have a very high impact on the employee. They require that the employees are accountable for each and every action they do. They involve a lot of constraints to the employees, for example constricting decision making to the higher authorities only. They also involve setting up rules, policies, procedures, and codes of conduct that the employee should adhere to. The unacceptable actions are communicated to the employees and there are always consequences for any such action. The controls can be even tighter if there are frequent and detailed reviews done on the performances of the employee. When there is a lot of diversity in an organization, then the cultural control is usually loose or weak. Tight personnel control involves putting in place very high qualifications for a certain job. In contrast to tight controls, loose controls do not have much influence on employees. They have few conditions and constrictions. Loose controls have the limitation of not being specific on the regulations of the employees and thus may cause confusion and ambiguity. Management control system is a very important aspect of an organization. More so, the large organizations that involve a lot of workers, it helps to structure the performance of an organization. Good management control system means a good performance by an organization and this means success and growth to the organization. Bibliography Burke, R. (2013). Project management: planning and control techniques. New Jersey, USA. Grabner, I., Moers, F. (2013). Management control as a system or a package? Conceptual and empirical issues. Accounting, Organizations and Society, 38(6), 407-419. Otley, D., Emmanuel, K. M. C. (2013). Readings in accounting for management control. Springer. Piltan, F., Mansoorzadeh, M., Akbari, M., Zare, S., ShahryarZadeh, F. (2013). Management of Environmental Pollution by Intelligent Control of Fuel in an Internal Combustion Engine. Global Journal of Biodiversity Science And Management, 3(1). Methner, N., Hamann, R., Nilsson, W. (2015). The Evolution of a Sustainability Leader: The Development of Strategic and Boundary Spanning Organizational Innovation Capabilities in Woolworths. In The Business of Social and Environmental Innovation (pp. 87-104). Springer International Publishing. Sawe, C. T., Onyango, C. M., Njage, P. M. K. (2014). Current food safety management systems in fresh produce exporting industry are associated with lower performance due to context riskiness: Case study. Food Control, 40, 335-343.nt of Strategic and Boundary Spanning Organizational Innovation Capabilities in Woolworths. In The Business of Social and Environmental Innovation (pp. 87-104). Springer International Publishing.