FirstGroup plc Essay Example | Topics and Well Written Essays - 1000 words

premiere convocation plc - Essay exampleAs of 2009, the group realize the annualized net profit of around 6 billion pounds, which is a increment of around 31.4% from what the company earned last year. Similarly, this group has remained unaffected by current global economic backdrop, which is an amazing achievement by the company. In the future, the group to a fault wants to maintain its market widener direct and wants to expand its operation to the global market.The company wants to develop a new cable plan which should not in any steering ignore the aspiration of stakeholders. Stakeholders tail assembly be any group or an individual that has a stake in the organizations performance. In simple words, any one within or outside the organization who is affected by the decision taken by the job is known as stakeholder. First Groups stakeholders are its shareholders, employees, government, customers and its board of directors. According to Richard Daft, shareholders are those people who own the business and have invested the silver in the business. So they would like the business to make decisions which are going to increase its profitability and lead to rapid growth of the business. Similarly, First Groups decisions are also going to affect its employees, in whatever way or the other. First Group PLCs decision to downsize can pull up stakes in loss of job for some of these employees. First Group PLCs working policies and pay-rate is another factor that is going to affect the employees. Government might be interest in the decision taken by First Group PLC because if it earns good profit, it will result in revenue for the government in the form of taxes. Similarly, government will want First Group PLC to flourish not only because it will result in revenue collection for the government, but also because it will provide employment opportunities in the economy. Customer will affected by the pricing decisions of First Group PLC. Board of Director will be i nterested in growth decision of the business because their salaries may be dependent on the size of the business. So they would like the owners to plough back earned profit back into the business for the purpose of expansion and this could lead to conflict of interest between unhomogeneous groups of Stakeholders. (Daft, 1997)Business aim is the future-vision of the business, which can be anything that the business wants to achieve in the future or the source behind its existence. The major aim of First Group PLC is the transforming the way people travel and changing their percept about the public transport by providing people with base hit and luxury and in doing so worthy the leading company of the world. In general terms, Business objective is a business strategic position that it is trying to achieve through its activities and policies. If we look at the business objective of First Group plc, we can say that it is aiming toward higher market share by offering distinct service s like safety travel and other features which are not present in conventional transport companies. Another business objective of First Group PLC is rapid growth and in doing so, it is increasing the value of investments of its shareholder by increasing the market-price of the companys stock.Many businesses carry out SWOT analysis to focus on the internal strengths and