Pdsa Cycle - Free Essay Example

Unfortunately Emergency Departments have little control over the amount and type of patients arriving in their hospitals. Many facilities are experiencing increased wait times and overflowing hallways with patients who have been admitted to the emergency department. These are increasingly troublesome issues that result from increased patient demand at a point in time when the number of emergency departments has declined and hospital inpatient capacity has decreased as well. This is why managing the flow of patients through their care is vital in preventing patient crowding, patient safety issues and quality of care. Demings PDSA cycle examines a four-step process for quality improvement. The four steps are simply Plan, Do, Study, and Act. Based on the four-step model, I would implement an improvement in the flow of patients from the emergency room of a hospital to admittance in a ward using Deming’s four steps as follows. In the â€Å"Plan† step, I would evaluate and analyze the current patient flow procedures by studying the current SOP’s (standard operating procedures) in place as well as discussing the procedures with all staff that have direct involvement with the patient flow procedures, like the ER staff and admitting personnel for the wards as well as patients. Next I would compose an improved plan weeding out steps in the old one that may not be conducive to the new plan while implementing new steps as well. Third, I would develop a time line that would establish a time and date that we would begin to initiate the new plan into effect as well. After completing the plan and the timeline, I would make sure that all personnel involved have been thoroughly briefed and are aware of all changes and timelines. I would also provide patients with information for warning them of the upcoming changes and asking them for their patience during the trial period until everything has been worked out. The next step is the â€Å"Do† step which entails putting the plan into action. I would begin putting the plan to action with as much precision as possible. However, I would emphasize to the staff to take great care in not interrupting the organizations daily activities as much as possible. Within this period I would make sure to closely monitor the staffs adaptability and patient response to the plan. The â€Å"Study† step is the phase in which once accesses the change that has taken place, is the situation better or worse and how and what can improve it as well as what should remain the same. During this step I would access the plans downfalls as ell as benefits. I would also determine if the plan met its expectations and if not why. Last I would make necessary adjustments required to reach success. The last step is â€Å"Act,† in which all necessary changes have been made and the plan has been put into effect completely In this step, I would ensure that all staff are carrying out the procedures properly, that the process is running smoothly as w ell be prepared to make any adjustments, or watch or any problems that may occur as a result of staff or technological changes within.

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The Impact Of Emotions On Decision Making - 1313 Words

It is crucial for leaders to recognize that the decision making process is significantly influenced by emotions. The purpose of this paper is to discuss the impact of emotions on decision making in organizations. A brief summary of the attributes associated with emotional intelligence (EQ) will be provided. Additionally, how I would ascribe to each of these attributes while making decisions will be discussed. Furthermore, a plan that would increase motivation, satisfaction, and performance in the workplace will be provided. Finally, the advantages and disadvantages of the developed plan will be proffered. EQ Attributes As discussed by Arunima et al. (2014), there is no specifically accepted universal definition of emotional intelligence. However, Mayer et al. as cited in Arunima et al. (2014) seems to define it best. They state that emotional intelligence is â€Å"the capacity to reason about emotions to enhance thinking. It includes the abilities to accurately perceive emo tions, to access and generate emotions so as to assist thought, to understand emotions and emotional knowledge and to reflectively regulate emotions so as to promote emotional and intellectual growth.† (p. 38). Hence, it appears that emotional intelligence in the workplace can be hypothesized as the ability to recognize and empathize with one’s own emotions and those of others. Once these emotions are understood and organized, they are then utilized to promote growth and participation within theShow MoreRelatedEssay on Critical Thinking and Ethical Decision Making1036 Words   |  5 PagesCritical thinking and ethical decision making are crucial for academic success as well as career success. Both critical thinking and ethical choices allow an appreciation of diverse points of view using analytic approaches, create a tolerance for and an appreciation of ambiguity, allow for creative problem-solving, and give the ability to integrate knowledge from diverse viewpoints into unified ideas and strategies. To better understand how critical thinking and ethics impacts our success, we must analyzeRead MoreEthics, Conflict Management, And Organizational Commitment1664 Words   |  7 Pagesmanagement, and organizational commitment. By exploring these different areas in a business context, we can overall have a better understanding of why individuals choose to behave a certain way when on the job. For ethical decision-making, I will explore the steps involved in the decision-making process and what internal factors of an individual cause he or she to make an ethical or unethical choice. In terms of conflict management, I will discuss previous works of literature that contribute to the overallRead MoreEmotional Intelligence Essay1188 Words   |  5 PagesIn our everyday lives, we are constantly interacting with other individuals. These interactions have an effect on our emotions. We have to learn how to identify and deal with these emotions because th ey have a direct effect on how we deal with issues at work. Individuals can work their way through this process by becoming aware of the importance of emotional intelligence. Emotional intelligence is sometimes referred to as EI or EQ. In their article, Colfax, Rivera Perez (2010) stated thatRead MoreThe Bravest Response To Fear833 Words   |  4 PagesThere is no doubt that fear is a very powerful emotion, but what power does this emotion have over humans? Is there a way to resist this power and respond to it correctly? Well, fear has the power to shape humans’ behaviors, clouding their judgement and decisions. Thus, the correct way to respond to this fear is to be aware of these emotions. This is explicitly demonstrated in William Golding’s , Lord of the Flies, which narrates the journey of a group of boys when they find themselves alone on aRead MoreFast And Slow By Daniel Kahneman776 Words   |  4 Pageslonger the only determinants. George A. Akerlof and Richel E. Kranton support this challenge by providing two economic analysis models that include identity as an important variable. While Kahneman focuses primarily on individualsâ⠂¬â„¢ inability to make decisions based on profit-determined utility values, Akerlof and Kranton emphasize that motivation associated with identity is the missing component of the traditional utility model. In order to demonstrate flaws of the traditional view, Kahneman supportsRead MoreDemocracy, Freedom, And The American Dream910 Words   |  4 PagesPathos is an appeal based on emotion†. Pathos is the most powerful appeal out of the three due to the fact that if you can control a person’s emotion you can control their decision making process. Having a person act on emotions will cause them to do whatever the person is trying to persuade them to do. When we, as a class, did the persuasion speeches ourselves for our organization Mo used Pathos to help prove her point. She started to cry during the speech making Miller2 other people inRead MoreThe Relationship Of Emotions And Investment Essay1036 Words   |  5 Pagesof emotions and investment. Specifically, there will be an emphasis on the feelings, self-control, and how our decision making play a role in investing. This paper will also include a detailed summary of the emotional states of misattribution bias, positive and negative emotions, pessimism and optimism. Lastly, this paper will contain an explanation of how this behavior influences investing, and how to alleviate this comportment through self-control. Emotional states, feelings Our emotions canRead MoreConsumer Decision Making : Consumer Behavior1604 Words   |  7 PagesConsumer Decision Making Process To determine what products to produce companies must first understand why consumers buy the items they buy, or determine their interest and necessities, this understanding is gained from analyzing consumer behavior. Consumer behavior is defined as the process by which individuals search for, select, purchase, use, and dispose of goods and services, in satisfaction of their needs and wants (2017). To understand how to target their market consumers Nighthawk Motor’sRead MoreChronic Stress Can Damage Brain Structure And Connectivity1448 Words   |  6 Pagesthat because the myelin sheath that surrounds the axons is white and fatty â€Å"and speeds the flow of electrical signals between neurons and brain regions.† Kaufer’s experiments focus specifically on the hippocampus, which is responsible for memory and emotions and can shrink under periods of stress. The Experiments show that white matter can change, which is what happens in schizophrenia, autism, suicide, PTS D or depression. This shows that too much myelin and white matter can cause prolonged stress. Read MoreIntellectual Merit Of Studying Moral Cognition Essay977 Words   |  4 PagesFurthering understanding of the cognitive processes that are employed while making moral judgments informs us as to how morality works and provides important information about how the brain interacts with itself. As we come to better understand these processes, we will become better equipped to enhance them. Broader Impacts of the Study of Moral Cognition The ability to improve moral decision-making abilities can impact society in ways no other research findings can; more lives can be saved and

A Wall of Exclusion Can Palestine Survive Essay - 2292 Words

The continuous struggle of land between the Israelis and Palestinians has been a controversy that has depicted onto the international community for years. Many states now recognize Palestine as an independent state, yet not all the actors seem to agree, specifically the United Nations including the United States and the United Kingdom. The regions that are primarily under dispute include the West Bank along the Jordan border and the Gaza Strip. East Jerusalem is also included in this dispute, however Israel refers to this region as a unified Jerusalem, which is essentially part of the capital of the state. The battles for these regions have been one for centuries. The British Mandate for Palestine was first established in 1922 after†¦show more content†¦Without accomplishing these three tasks Palestine will fail as an independent state and never receive the legitimacy as a state from the international community. The Border arrangements that currently exist bleed the nation of water, exports and travel. The current water supply is continuing to diminish. The fence has taken away over 50 important wells to the community of Palestine. Approximately 3,880,000 cubic meters of water per well has been removed from usage. â€Å"The impact on the water supplies to the areas around the Apartheid Wall is a serious concern. A number of water wells will be lost to communities near the Apartheid Wall. † Israel was able to use geographic advantages that it acquired as a consequence of the â€Å"unilateral disengagement,† which essentially choked Gaza into full submission. This was aided when the victory of Hamas in the January 2006 elections and the subsequent financial and political blockade initiated against the Palestinians by the United States, European Union, and Arab states. The primary reason for such a drastic fence to separate the two territories was based off security issues. Between the increase of terrorist activities and suicide bombers impacting the Israeli communities, andShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pages(the collapse of the Soviet Union, the reunification of Germany, the surge of globalization from the mid-1990s) and afterward (9/11, or the global recession of 2008) when one could quite plausibly argue that a new era had begun. A compelling case can be made for viewing the decades of the global scramble for colonies after 1870 as a predictable culmination of the long nineteenth century, which was ushered in by the industrial and political revolutions of the late 1700s. But at the same time,

Dell Computer Supply Chain Management Essay - 7134 Words

Dell Computer Supply Chain Management Table of Contents Executive Summarynbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; 3 Focus of the Proposalnbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; 4 Research and Analysis: Dell ¡Ã‚ ¯s Competitive†¦show more content†¦Although Dell is an extremely successful company, there are areas of improvement and enhancement that should be considered. After a thorough analysis of Dell ¡Ã‚ ¯s IT tools, business model, IT infrastructure and competitive advantage, we have developed seven key suggestions. By implementing these recommendations, Dell can keep its high ranking in the competitive computer industry by increasing customer satisfaction, competitive advantage and superior value chain, without changing its principal operations to achieve these goals. nbsp;nbsp;nbsp;nbsp;nbsp;Our recommendations allow Dell to enhance their supply chain management system, increase customer service, gain market share, and increase revenue. 1.nbsp;nbsp;nbsp;nbsp;nbsp;Consider selectively adding other vendors to its supply chain management system. 2.nbsp;nbsp;nbsp;nbsp;nbsp;Initiate a program to use  ¡Ã‚ °Customer Surveys ¡Ã‚ ± to gain marketShow MoreRelatedIntroduction to Supply Chain Management System: Dell Computer Corporation1451 Words   |  6 PagesIntroduction to Supply Chain Management (SCM) System Supply chain management (SCM) is the combination of activities which help a company to improve the methods to make a product or service and deliver it to customers. (Larson, 2004) SCM encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities. More importantly, it includes coordination and collaboration with other people who are associated with the business likeRead MoreEssay on Senior Project Manager1081 Words   |  5 Pages| U02A1 Dell Supply Chain | James DeHaven | BUS3022 Fundamentals of Supply ChainCapella University | Why has Dell’s Direct Supply Chain been so Successful? The direct supply chain model that Dell has been using for many years to sell customized PC’s to customers via the internet has been very successful. Dell designed and structured the supply chain to provide customized computers in a quick manner and with a reasonable price. Customers can visit the Dell website and configure the PCRead MoreDell’s Competitive Advantage:1038 Words   |  5 PagesAdvantage Dell is officially the No. 1 computer systems company in the world. Dell is able to sustain a competitive advantage over competitors in the computer industry because of an extremely efficient supply chain/distribution system. Dell is able to achieve superior profits in the industry because they are a knowledgeable user of information, communication, e-commerce, e-business, internet, and web technologies. Michael Dell states that Dell is so successful because of â€Å"Knowledge Management†. MrRead MoreDell Value Chain1717 Words   |  7 PagesVALUE ADDED CHAIN IN DELL SUBMITTED BY: SIDDHARTHA DAS ROLL NO: 32 BATCH: PGDM (FM) 2010-12 SUBJECT: Project and Infrastructure Management: Financing, Implementation and Control Table of Contents Sl.No. | Description | Page No. | 1 | VALUE CHAIN ANALYSIS | 3 | 2 | VALUE CHAIN IN DELL | 4 | 3 | DIRECT SELLING STRATEGY OF DELL | 5 | 4 | COMPONENTS OF DIRECT SELLING STRATEGY | 6 | 5 | ADVANTAGES OF VALUE CHAIN OF DELL | 8 | 5.1 | CONCLUSION | 9 | CHAPTER-1 What is ValueRead MoreCase Study - Dell Value Chain1162 Words   |  5 PagesQuestion 1 How has Dell used its direct sales and build-to-order model to develop an exceptional supply chain? The many challenges in order to improve the supply chains usually come with the unidentified. Many companies produce products they think their consumer will want. After that, they ship their products to retail stores. Then, these stores try to sell the products to the customers. Here, the supply chains slows down as they are figuring out what to build next. Then, these companies deal withRead Moredell supply chain managment1676 Words   |  7 PagesCourse: Supply Chain Management (SCM) Assignment One – Singular Unit Supply Chain Management Subject HOW DELL IS MANAGING ITS SUPPLY CHAIN Writer Bassam Badran IV Date of delivery 10-10-2012 Due date (submittal) 10-11-2012 Grade 20% References Compiled from several articles in Business Week (1997 through 2001); cio.com (2001); dell.com, accessed March 27, 2003; Hagel (2002). 1. Principals and Reasons In this project you would understand the concept of managing the supply chain in DellRead MoreManaging And Designing Value Chain Networks1575 Words   |  7 Pageswith individual assessed work 2 0 0 9 8 0 9 8 1 Student Identification Number: Module Code: LUBS 5242 M Module Title: Managing and Designing Value Chain Networks Module Leader: Dr. Nicky Shaw Declared Word Count: 1499 â€Æ' Introduction The value chain theory was initially developed by Michael Porter (1985) to describe a chain of value-adding activities/functions within an organisation that perform distinctively from competitors to achieve competitive advantage. However, several researchersRead MoreDell Inc And How It Uses Customer Data Drive The Manufacturing Of Its Products1348 Words   |  6 PagesIntroduction This essay will focus predominantly on Dell Compter Inc and how it uses customer data to drive the manufacturing of its products. Discussion on how Dell uses technology to make business decisions is presented. The current model of distribution is investigated and finally recommendations will be made in terms of overall improvement to the current operating model. This paper will discuss how Dell pioneered a shift in computer manufacturing, the method it used to become a leader in thatRead MoreCase Study - Dell Value Chain1171 Words   |  5 PagesQuestion 1 How has Dell used its direct sales and build-to-order model to develop an exceptional supply chain? The many challenges in order to improve the supply chains usually come with the unidentified. Many companies produce products they think their consumer will want. After that, they ship their products to retail stores. Then, these stores try to sell the products to the customers. Here, the supply chains slows down as they are figuring out what to build next. Then, these companies dealRead MoreSOME SUCCESS STORIES IN SUPPLY CHAIN MANAGEMENT 1688 Words   |  7 PagesSOME SUCCESS STORIES IN SUPPLY CHAIN MANAGEMENT Adriano O. Solis, Ph.D. Academic Advisor, NAPM El Paso Wal-Mart Stores Perhaps one of the most commonly cited success stories in supply chain management (SCM) is that of Wal-Mart Stores, Inc., which reported total sales of $191.329 billion and a net income of $6.295 billion during the fiscal year ended January 31, 2001 (see www.walmartstores.com). These figures represent a 15.9% growth in total sales and a 17.1% increase in net income over

Impact Of Globalization On The Economy - 972 Words

What impacts on the economy has globalization made around the world? What is the positive in addition to the negative impacts of globalization? How can we define globalization? According to Kleniewski, â€Å"Globalization refers to the increasing interdependence of the world’s economy† (Kleniewski, 135). This means that most economies around the world depend upon each other for economic growth, whether is by trading globally otherwise by having people migrate from one country to the other. Globalization has been able to help corporations to grow in a very efficient way when also affecting poor developing countries. John Perkins on â€Å"Globalization†, has described the investment of money has increased the rate of poverty, but has been able to make businesses richer. He believes that the system of globalization has been a complete failure because we as consumers use almost 85% of the country’s resources. In the short film, Perkins says that the American dream was a way to create only a few people rich not the country as a whole. When countries get loans and they aren’t able to pay them off, they usually have to follow certain guidelines. Forecast is usually used to justify loans in order to put pressure on countries when forcing them to do whatever you want. Most countries that get loans are not able to pay them back, so they have to be forced into some type of pressure such as voting for a certain country in the United Nations as well as selling their resources for lessShow MoreRelatedImpact Of Globalization On The Economy1530 Words   |  7 PagesThe impact that globalization has and will have on the U.S economy continues to be one of the most debated economic issues of our times. Many people believe that due to the international trade there are less jobs and lower wages for people. International trade is important to the America economy, and to the economy of the world as whole, because neither the United States nor any other country in the world has everything that its people need and want. Globalization and international trade, come withRead MoreImpact Of Globalization On The Economy Essay1626 Words   |  7 PagesImpact of Globalization on the Economy Social and Environment Introduction Economic globalization is the process of connecting economic activities of nations and regions to accommodate intercontinental trade. Goods and services can be easily moved across borders guided by international policies. International investors are encouraged to invest in other countries by either opening new businesses or branching out. Also, the importation and exportation of goods and services are allowed while job seekersRead MoreImpact Of Globalization On The Economy2474 Words   |  10 Pages the economies of most countries are so interconnected that they form part of a single, interdependent global economy. Globalization has been defined as â€Å"the process of international integrating arising from the interchange of world views, products, ideas, and other aspects of culture. † With this meaning, perspectives, social norms, and business conducts are being exchanged across cultures. It has changed the world in more ways than we can imagine. The most profound impact of globalization is onRead MoreImpact Of Globalization On The Economy2380 Words   |  10 Pagesever-increasing interdependence of economies around the world. It is additionally, the manifestation of increase openness in world economies, commonly due to an increase in cross-border trade scale of services and supplies, as well as flows of international capital and spreads of technology. Naturally, the impact of globalization over the last few decades has been very significant, in particular on the macroeconomic dynamics in small economies, such as the Tunisian economy. The consequences of globalisationRead MoreThe Impact Of Globalization On The Economy978 Words   |  4 Pagestransnational corporation decided to expand its market to developing countries, or as you might prefer, to emerging economies in South America. Although many of these examples might be trivial, these are the consequences of globalization. Globalization is a process of increasing integration and the result of economic, cultural and political interdependence among countries. Globalization has been a controversial debate, since this phenomenon has affected the world in several ways. Consequently, thereRead MoreImpact Of Globalization On The Chinese Economy Essay883 Words   |  4 PagesGlobalization is an important term that is partially responsible for an economic revolution that took place around the world. Theodore Levitt, a former Harvard Business Review editor, coined the term â€Å"globalization† and used it for the first time in one of his articles in 1983 (Los Angeles Times magazine, 2006). According to the Business Dictionary, globalization can be defined as â€Å"the worldwide movement toward economic, financial, trade, and communications integration† (businessdictonary.com).Read MoreImpact Of Globalization On The Economy1763 Words   |  8 Pagesin which economies from around the world become linked through financial integration. Indonesia is located in South East Asia and is emerging into the global economy as an economic powerhouse. Globalisation has had profound impacts on the Indonesian economy and has sparked great change within it. The essence of globalisation means that all economic activity effects and impacts on other economies, e.g. the GFC in America effected all economies throughout the world. To develop its economy, IndonesiaRead MoreImpact of Globalization on Indian Economy1572 Words   |  7 PagesGlobalization is the new notion that has come to rule the world since the nineties of the last century with the end of the cold war. The frontlines of the state with increased reliance on the market economy and renewed belief in the private capital and assets, a process of structural alteration encouraged by the studies and influences of the World Bank and other International organisations have started in many of countries. Also Globalisation has brought in new avenues to developing countries. GreaterRead MoreImpact Of Globalization On The Global Economy1355 Words   |  6 PagesGlobalization is interpreted in a variety of different ways. One way is that it introduces opportunities which further develops regions to progress and prosper in the global economy. In many cases globalization means the shift toward a more integrated and interdependent world economy. The world is moving away from self-contained national economies and toward an interdependent, integrated global economy. There is an insurmountable amount of ways to impact globalization but some include trade, peopleRead MoreImpact Of Globalization On The Economy1881 Words   |  8 PagesGlobalisation and the economy are two interchangeable ideas with one another. Globalisation is not a single concept since it encompasses multiple components such as economic integration; the transfer of policies across borders; the transmission of knowledge and cultural stability it is a global pro cess (Al-Rodhan Stoudmann, 2006). The best representation of globalisation is the process in which businesses create international influence where they can then begin to operate on a global scale (Al-Rodhan

Accounting for Management Decision MAking Leading Organisation

Question: Discuss about the Accounting for Management Decision Making for Leading Organisation. Answer: Introduction About AGL Energy Limited AGL Energy Limited is the leading organization in Australia, founded in 2006. The company deals with products and services integrated with energy. It has the enhanced sustainability strategy to uphold high standards and control for ethical business conduct, compliance and transparency. It is involved in retailing and generation of electricity for utilizing the energy resources for the purpose of both residential and commercial (AGL, 2016). About Genesis Energy Limited Genesis Energy Limited was formerly known as Genesis Power Limited. It was founded in the year 1999 located in New Zealand. It is a diversified energy company which provides energy solutions and services to its customers. It generates energy in the form of electricity through trade electricity, natural gas and generation assets. It is one of the largest electricity and gas retailer company based in New Zealand (Reuters, 2016). Discussion Analysis of Financial Ratios The analysis of financial statement indicates the position of an organization in the market. Basically, financial statement of an organization is comprised of Profit and Loss Statement, Statement of Cash Flow and Balance Sheet. The stakeholder analyzes the financial position of an organization and its competitors to mitigate the number of risk involved and thereby wish to increase their opportunity for making profit through investing in the stable business. The financial statements of AGL Energy Limited (AGL, 2015) and Genesis Energy Limited (Genesis, 2015) has been analyzed to calculate the key ratios. Profitability Ratio Return on Assets: ROA ratio indicates the total income produced by the total amount of assets in a particular period of time. It explains the efficiency of the firm for managing its assets throughout a period of time in order to produce profits (Gibson, 2012, pp.325-26). Formula: Net Income / Average Total Assets Return on Assets of AGL Energy Limited and Genesis Energy Limited for FY 2014 and 2015 are as follows- AGL Energy Limited Genesis Energy Limited in $ million in $ million 2015 2014 2015 2014 Return on Assets 0.058043327 0.0905618 0.097732426 0.084807 (Gibson, 2012) Net Profit Margin: Ratio of net profit margin indicates the income earned by an organization with the total amount of revenue produced. This ratio calculates an efficiency of the company to convert sales into the net income generated (Gibson, 2012, p.324). Formula: Net Profit / Total Revenue Net Profit Margin Ratio of AGL Energy Limited and Genesis Energy Limited for FY 2014 and 2015 are as follows- AGL Energy Limited Genesis Energy Limited in $ million in $ million 2015 2014 2015 2014 Net Profit Margin 0.020415808 0.0545716 0.049961861 0.024539 (Gibson, 2012) Liquidity Ratio Current Ratio: The current ratio examines the connection between the current assets and the current liabilities. It determines the ability of the firm to meet its short term liabilities. The ideal current ratio is 2:1 (Stickney et al., 2009, p.266). Formula: Current Assets / Current Liabilities Current Ratio of AGL Energy Limited and Genesis Energy Limited for FY 2014 and 2015 are as follows- AGL Energy Limited Genesis Energy Limited in $ million in $ million 2015 2014 2015 2014 Current Ratio 1.457648546 1.5747922 1.118102614 1.448905 (Stickney et al., 2009, p.266) Quick Ratio: Quick Ratio determines the short term liquidity position of the organization. It determines the firm's ability to finance its short term liabilities with its liquid assets (Stickney et al., 2009, p.266). Formula: (Current Assets - Inventory - Prepaid Expenses) / Current Liabilities Quick Ratio of AGL Energy Limited and Genesis Energy Limited for FY 2014 and 2015 are as follows- AGL Energy Limited Genesis Energy Limited in $ million in $ million 2015 2014 2015 2014 Quick Ratio 1.290771176 1.4866113 0.859954824 1.068532 (Stickney et al., 2009, p.266) Capital Structure Ratio Debt to Equity Ratio: It examines the amount of capital contributed by the creditors and the owners of the firm. This measures the level of extent to which the shareholders equity fulfills an obligations of the company to its creditors (Damodaran, 2002, p.51; Heikal et al., 2014). Formula: Total debt / Total equity Debt to Equity Ratio of AGL Energy Limited and Genesis Energy Limited for FY 2014 and 2015 are as follows- AGL Energy Limited Genesis Energy Limited in $ million in $ million 2015 2014 2015 2014 Debt to Equity Ratio 0.526942711 0.5772272 0.762956064 0.798692 (Damodaran, 2002, p.51) Equity Ratio: Equity ratio determines the total amount of assets which can be invested by the owners in the company (Bellalah, 2013, p.175). Formula: Total Equity / Total Assets Equity Ratio of AGL Energy Limited and Genesis Energy Limited for FY 2014 and 2015 are as follows- AGL Energy Limited Genesis Energy Limited in $ million in $ million 2015 2014 2015 2014 Equity Ratio 0.556748563 0.5368615 0.517403628 0.518185 (Bellalah, 2013, p.175) Market Performance Earnings per Share: Earnings per share indicate the profitability of the company as it measures the allocation of company's profit in respect to outstanding shares (Rao, 2003, p.103; Livnat Segal, 2000). Formula: (Net Income - Preferred Dividend) / Weighted Average Outstanding shares Earnings per Share of AGL Energy Limited and Genesis Energy Limited for FY 2014 and 2015 are as follows- AGL Energy Limited Genesis Energy Limited in $ million in $ million 2015 2014 2015 2014 Earnings per Share 33.30203443 98.20296 10.49050633 4.920062 (Rao, 2003) Dividend per Share: This ratio indicates the amount of dividend declared by the company for each outstanding share (Rao, 2003, p.103; Peavler, 2016). Formula: Dividend / Number of Shares Dividend per Share of AGL Energy Limited and Genesis Energy Limited for FY 2014 and 2015 are as follows- AGL Energy Limited Genesis Energy Limited in $ million in $ million 2015 2014 2015 2014 Dividend per Share 24.22535211 37.103594 7.695147679 3.186978 (Rao, 2003) Comparison of Ratio Analysis The profitability, asset efficiency, liquidity and capital structure of AGL Energy Limited and Genesis Energy Limited has been analyzed through key financial ratios. AGL Energy Ltd. and Genesis Energy Ltd. have recorded revenue of USD 10,678 million and USD 2097.6 million respectively for the period of FY 2014-15. Profitability: AGL Energy Limited has recorded a net profit of US$ 218 million and US$ 570 million in FY 2015 and FY 2014 respectively. Whereas, Genesis Energy Limited has recorded lower net profit in these financial years i.e. US$ 104.8 million and US$ 49.2 million in FY 2015 and FY 2014 respectively. Therefore, profitability of AGL Energy Limited is higher in comparison to Genesis Energy Limited for the FY 2014 as it has recorded a difference of net profit margin of 0.03. But in the FY 2015 Genesis Energy Limited has recorded a high profit margin as compared to AGL Energy Limited. This change in net profit has been observed due to high fluctuation in the total revenue. From the net profit margin it can be depicted that Genesis Energy Limited has improved its performance from the last financial year. Liquidity: Liquidity of both the company can be measured through its current and quick ratio. AGL Energy Limited is having sufficient cash to meet its current liabilities as compared to Genesis Energy Limited. The cash balance of both the company is declining in FY 2015 followed by FY 2014. But the company has invested its cash in the purchase of fixed assets and operating activities. Thus, it can be stated that short term solvency of AGL Energy Limited is stable as compared to Genesis Energy Limited. The company has strong liquidity position in the industry. Asset Efficiency: AGL Energy Limited has recorded its total assets of US$ 15,833 million in the FY 2015 which has increased by US$ 1699 million from 2014 whereas, total assets of Genesis Energy Limited has decreased by US$ 101.4 in the FY 2015. Despite the fluctuation in the sales of both companies, asset efficiency of AGL Energy Limited is better than Genesis Energy Limited. This efficiency of AGL Energy Limited is high because the company has increased its level of inventory with the increase in its sales. Capital Structure: The capital structure of any company depicts the financial structure of the firm. The company is either financed by debt or equity which determines its solvency position in the industry. The capital structure of the company can be measured through equity ratio and debt to equity ratio. The capital structure of AGL Energy Limited is stable as compared to Genesis Energy Limited. This shows that the long term performance of an organization is considered safe and thereby also indicates that the prospective creditors or the stakeholders of the company are more stable and less risky to offer the future loan amount. It can be inferred that the company is issuing more equity shares as compared to long term loans and thereby earning huge profits by the investment made by shareholders. Conclusion From the above discussion and ratio analysis it can be said that AGL Energy Limited is highly feasible and economically viable in its performance. Ratio analysis helps to determine the company's efficiency in the financial terms in order to sustain its performance within the industry. While making an investment decision, it is important to synergize the financial statements of the company effectively as well as the internal and external market conditions of the company which it is prevailing through. Hence, in this report only financial performance of the company has been analyzed to make an investment decision. The financial ratios are calculated for the period of two years only which is subjected to the limited study of the company's financial statements. Also, business policies and market strategies have not been considered while making decision for investment which may have a great impact on the investors. Recommendation The financial performance of the AGL Energy Limited is stable as compared to the Genesis Energy Limited. The revenues of the company have been increasing and with the market being noted to be having higher demand, it is suggested for the investors to make investment in the AGL Energy Limited against Genesis Energy Limited. References AGL, 2015. Annual Report 2015. AGL Energy Limited. AGL, 2016. Our Company. [Online] Available at: https://www.agl.com.au/about-agl/who-we-are/our-company [Accessed 28 August 2016]. Bellalah, M., 2013. Islamic Banking and Finance. Cambridge Scholars Publishing. Damodaran, A., 2002. Investment Valuation: Tools and Techniques for Determining the Value of Any Asset. John Wiley Sons. Genesis, 2015. Annual Report 2015. Genesis Energy Limited. Gibson, C.H., 2012. Financial Reporting and Analysis. 13th ed. Cengage Learning. Heikal, M., Khaddafi, M. Ummah, A., 2014. 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