【導讀】businessexpansion.

　　

【正文】 ers and the development of BCL, and between demonstrative staff and the development of BCL. It is known that the investor prefer to develop the business. However, the shareholder may not be happy with that, because they would like to obtain the dividends from the pany. They do not want their annual dividends decreased due to high repayment of interest for the debt. Moreover, they do not want to bear the risk of bankruptcy if the pany cannot perform the strategy successfully. In addition, the demonstrative staff may not prefer to bear the risk of bankruptcy as well. A steady pany is better for them to get fairish salaries. Once the pany adopt debt to support its development, it is certain for it to bear risk. Perhaps risk free is the best choice for a huge number of employees. 中國最大管理資源中心 Therefore, it is also a big challenge for BCL to overe and resolve the conflict. Conciliation M、 The associated Functional Strategies, Policies and BusinessLevel Strategy intend to resolve the financial Strategic Issue There are five strategic issues for BCL. However, financial issue is a mon barrier for the development of panies. There are many ways such as bank loan and issuing shard to solve it. The two ways supported by economic policy are most popular for the panies. BCL is not a listed pany。 also it seems that it is not interested in being listed in the NZ stock market. Therefore, the best way for BCL to solve its financial issue is to make bank loan. Only when BCL solve the financial issue, its other strategies can get financial support to be implemented. N、 The major change management issues related to the implementation of the financial strategies and policies Financial risk management is the major change management issue for BCL. Due to bank loan, BCL obviously suffer the risk of performance. If BCL cannot operate its business well, it can lose the ability to repay the loan and interest. It will be a disaster for BCL. O、 The key requirements in terms of anisational ponents in relation to addressing the change management issues identified in financial strategies. The key requirements include leadership, anizational structure and pany culture. It is necessary for BCL to update or change the three ponents, which will direct BCL to better implement financial strategy. Hence, BCL can finally achieve its target. P、 The nature of the changes required by the anization in order to implement the strategies. In order to implement the strategies well, BCL has to make changes in some particular parts such as leadership and anizational structure. Actually, the changes are not only to support the implementation of the strategies but also to the increase petitive power. Therefore, in the future, BCL will have the strong petitive power to pete with other panies. 中國最大管理資源中心 Q、 Developing a plan of action for the strategy. The plan elaborates on the business activities to process the strategy. Particularly, it mentions the responsibility and date. That can help BCL to evaluate the task from the exact department. R、 Issues relating to the aspects of monitoring, controlling and evaluating the implementation of the strategies and action plan. As the implementation of the strategy, it is difficult for BCL to monitor and evaluate it. Different panies may have different methods to do that. In the finding, some methods may help BCL to increase its capacity to plete these functions. S、 The ethical issues related to the implementation Ethical issues are the most popular topic in all industries. It is allowed that ethical issues existing in BCL. Let the investors of BCL put their feet into the shareholder and employee?s shoes, they may notice the importance for BCL to implement the strategy successfully. Therefore, BCL will be in high development period, which can bring benefits for the shareholders and employees. Remendations There are remendations for BCL as following: ? Decreasing its credit risk ? Completing its management ? Using its financial resources reasonably ? Thinking about issuing shares ? Making a global development plan to get more financial support 中國最大管理資源中心 T、 Appendix A Financial statement analyses Financial Statement Analysis for 20xx Ratio Formula Calculation Result Financial indicator EBIT Margin Earning before Interest and Taxation/revenue 26563/130309 % profitability Return on Assets EBIT / total assets 26563/179729 % profitability Return on Equity Net profit after tax / equity 15139/100742 % profitability Equity Ratio Equity / total assets. 100742/179729 % Stability Current Ratio current assets /current liabilities 22696/19401 Liquidity ( at least 1) Cash Cover Cash Flow from Operations / Current Liabilities 36662/19401 Short Term Liquidity (at least ) Cash Cover Cash Flow from Operations / Total Liabilities 36662/78987 Long –term Liquidity ( at least ) (Figures resource, Transmission Holdings Limited Annual Report 20xx), 中國最大管理資源中心 U、 Process Critique To be honest, I do think this assignment is the most difficult one. It is hard for me to finish the minimum requirement of the assignment. The reason is that BCL is a famous pany in New Zealand, but it is not a listed pany. It is not necessary for BCL to disclose all the information such as financial details and development plan to public. To make me finish the report easily, I have thought that I would better to change the anization. However, I did not change my mind finally, because I have done lots of research and collected lots of information for BCL. If I changed to do a report for another pany, I would have to do research again. Also, final e