Value Management Concept And Situational Analysis Of STO Maldives Essay.

Value management concept is based upon an association between satisfying the expectation and needs and entire resources which are needed to get them. The main motto of value management is to reunite all the stakeholders of the company and their views about a particular point and for getting the best balance among the available resources and satisfying needs. VM uniquely unites within an incorporated framework, a management style which focuses over the value; a positive loom for team and individual motivation; attentiveness about organisational environment and culture; and the successful use of established tools and methods.

For conducting this research, STO Maldives has been taken into consideration. STO is operating its operations in Maldives. STO stands for State Trading Organization plc. STO Maldives is one of the public limited companies of Maldives. This company operating its functioning in various businesses like import business, wholesale business, cooking gas business, petroleum retail business, construction materials business, distribution business, electronics business, medical supplies business, insurance products business, pharmaceuticals business and business of home appliances (Jaumotte, Lall and Papageorgiou, 2013).

In this report, many financial and non financial factor of the company have been analyzed to understand the condition of the company. It has been analyzed through this study that company is performing well in financial and non financial both the situation. It has also been found that significant changes in the operation of the company from last 3 year impacted good changes in its condition.

Company’s financial condition has been analyzed to evaluate the worth of stakeholders of the company in terms of finance.  Financial condition is required to analyze as it is a part of the company evaluation that depicts about the investigation of the stability, viability and profitability of a company or a project in which company is involved. Company’s non financial condition has been analyzed to evaluate the worth of internal and external stakeholders of the company (Kaplan and Atkinson, 2015).  Non financial condition is required to analyze as it is a part of the company evaluation that depicts about the investigation of the stability, viability and profitability of a company or a project in which company is involved.

Value management concept is based upon an association between satisfying the expectation and needs and entire resources which are needed to get them. The main motto of value management is to reunite all the stakeholders of the company and their views about a particular point and for getting the best balance among the available resources and satisfying needs. Mainly, it is concerned with enhancing and sustaining an attractive balance among the needs and wants of stakeholders and required resources for it (Kiran & Singh, 2014). The judgements of stakeholder vary and it is reconciled by the VM for contradictory priorities to carry best worth for entire stakeholders. Value management is based upon the aspects of the company which assists the related party of the company to manage and enhance the worth.

Company Overview

Value management is based on values of describing and adding assessable value which focuses on goals before explanations, and engaging on function to improve the innovation (Kurov and Stan, 2011). VM uniquely unites within an incorporated framework, a management style which focuses over the value; a positive loom for team and individual motivation; attentiveness about organisational environment and culture; and the successful use of established tools and methods.

STO is operating its operations in Maldives. STO stands for State Trading Organization plc. STO Maldives is one of the public limited companies of Maldives. This company operating its functioning in various businesses like import business, wholesale business, cooking gas business, petroleum retail business, construction materials business, distribution business, electronics business, medical supplies business, insurance products business, pharmaceuticals business and business of home appliances (Annual Report, 2016). Earlier, people used to know this company by the name of Athireemaafannu Trading Agency. After that, company had made some changes into its name in June 1969 and from that time, this company is known as STO. In 1964, this company has come into existence. Currently, at the Male, Maldives, Company is situated (Annual Report, 2016).

Annual report of STO has been analyzed to understand the value management of the company, it has been evaluated that the company’s financial and non financial factors are enhancing quickly from last 3 years. A study has been executed over the financial and non financial factors of the STO and it has been analyzed that various factors are there which could affect the functioning of the company. Additionally, it has also been experimented that the strategies and policies adopted by STO from last 3 years are assisting the company on a huge level to manage the aspect related to value.

Company Report:

Situational analysis of an organization depict about the various micro and macro factor of the company. It is a collection of various methods which are used by the managers to analyze the external and internal aspect of the company related to the value of the organization. In situational analysis, various factors of the company are analyzed to identify the performance of the company in terms of financial and non financial factor. Various techniques have been proposed through various managers for analyzing the situational analysis, some of them are 5c analysis, SWOT analysis, Porter’s 5 forces model, PESTLE analysis, key performance indicator analysis, shareholder value management models, ratio analysis etc. further, it has also been found that the situational analysis of STO Maldives has been performed to investigate over the internal and external aspect of the company,

Company Report

For this study, key performance indicator analysis, shareholder value management models, internal gaps and ratio analysis study has been performed. The situational analysis study of the company is as follows:

KPIs stand for key performance indicators. These are a measurable value which is used by the companies to manage the business values. These indicators depict that how an organization achieves the key objectives of the business. These KPIs are used by the organizations at various levels to manage the success and achievement of the company and it also helps the company to manage and reach over the targets. KPIs are different in different department of the company.

It has been analyzed through study over the STO Maldives that various KPIs are available for the company. STO Maldives has maintained the various KPIs to maintain the performance and the profitability of the company. It has been analyzed through the study over the STO that earlier company was facing huge problems in maintain the KPIs but after company has adopted many new strategies and policies to maintain the KPI. Through this study, it has been analyzed that following are the KPIs of the company:

Business process of STO Maldives has been a key performance indicator of the company. It has been analyzed through this study that various changes have taken place into the business process of the company and due to which the process of the company has been enhanced and it has became one of the KPI of the organization which helps the company to manage every internal and external aspect of the company in positive manner.

Customer satisfaction is one of the important aspects of every business. Customer satisfaction management of STO Maldives has been a key performance indicator of the company. It has been analyzed through this study that various changes have taken place into the policies of the company and due to which the process of satisfying the customer has been enhanced and it has became one of the KPI of the organization which helps the company to manage every internal and external aspect of the company in positive manner.

Process cycle time is the total production time. Process cycle time of STO Maldives has been a key performance indicator of the company. It has been analyzed through this study that various changes have taken place into the Process cycle time of the company and due to which the Process cycle time has been improved and it has became one of the KPI of the organization which helps the company to manage every internal and external aspect of the company in positive manner.

Situational Analysis

Service quality is the quality of the service which has been provided by the company to its clients. Service quality of STO Maldives has been a key performance indicator of the company. It has been analyzed through this study that various changes have taken place into the service of the company and due to which the Service quality has been improved and it has became one of the KPI of the organization which helps the company to manage every internal and external aspect of the company in positive manner.

Revenue management of STO Maldives has been a key performance indicator of the company. It has been analyzed through this study that various changes have taken place into the strategies of the company and due to which the revenue of the company has been enhanced and it has became one of the KPI of the organization which helps the company to manage every internal and external aspect of the company in positive manner.

Service level agreement is an agreement of the service which has been signed by the company for its clients. Service level agreement of STO Maldives has been a key performance indicator of the company. It has been analyzed through this study that various changes have taken place into the service of the company and due to which the Service level agreement has been improved and it has became one of the KPI of the organization which helps the company to manage every internal and external aspect of the company in positive manner.

Budget is a future prediction of all the expenses and revenue of the company. Budget management process of STO Maldives has been a key performance indicator of the company. It has been analyzed through this study that the budget making process of STO Maldives is quite effective as the chances of variances are quite lesser in that and thus it has became one of the KPI of the organization which helps the company to manage every internal and external aspect of the company in positive manner.

Compliance is an observation about the changes by the company for its clients. Compliance of STO Maldives has been a key performance indicator of the company. It has been analyzed through this study that various changes have taken place into the compliances of the company and due to which the performance of the company has been improved and it has became one of the KPI of the organization which helps the company to manage every internal and external aspect of the company in positive manner.

Key Performance Indicators

Efficiency is a stage where every functions of the company are take place efficiently. Efficiency of STO Maldives has been a key performance indicator of the company. It has been analyzed through this study that various changes have taken place into the functioning of the company and due to which the efficiency of the company has been improved and it has became one of the KPI of the organization which helps the company to manage every internal and external aspect of the company in positive manner.

Shareholder value is the total worth which is enjoyed by the shareholders through owning the stock of a company. Basically, the value which is derived by the shares of the company to the shareholders is the shareholder value. It is quite crucial for every organization to enhance the value of the shareholders as this would help the shareholders to get attract towards the company and make more investment into the company and thus it is required by the management to consider the shareholder value while making a decision. The more the value of shareholder would be, the better it would be for the organization.

For enhancing the shareholder value, management are required to make some efficient decision for the betterment of the company as well as the shareholders. Consequently, it has been observed that some unethical decisions and act of the company would affect the shareholder value negatively and thus the company would have to face many issues.

In case of STO Maldives, various factors have been analyzed to understand the value of shareholders in the company and it has also found that what are the factors are there in the company which could be considered by the company to enhance the value of shareholders.

Various economic theorists have depicted that the value of the shareholders could be created when the revenue of the company is above the expenditure of the company and the company always make efforts to enhance the revenue and at the same time, cost is controlled by the company. It has been analyzed through this study that the nest profit of the organization enhances the value of the shareholders as ultimately, the shareholders are the owners of the organization and thus the profit is enjoyed by them.

In case of STO Maldives, it has been analyzed that company is putting many efforts to manage the shareholder value of the company and thus this model has been used by the company to manage the shareholder value and create more value for the shareholders.

Shareholder value creation model has been analyzed over the STO Maldives and it has been analyzed that the company is trying hard to maintain and enhance the value of shareholder. Further, it has been found that the capital structure of the company is quite competitive as company has managed the debt and equity ratio according to the industry set ratio and company has also adopted new technology to maintain the business functioning of the company. Further, every aspect of shareholder value creation is in the favour of the company and thus the shareholder value of the company is quite competitive.

For this study, STO Maldives has been taken into consideration. Financial condition analysis has been conducted on the company according to the technique of ratio analysis. For measuring the financial condition according to the technique of ratio analysis over the business functioning of the STO, annual report and final financial statement of the STO has been evaluated. It has been investigated that the business functioning of the company is enhancing rapidly. Below are the company’s performance and profitability on the basis of its ratios:

Firstly, liquidity ratio of the company has been analyzed. This ratio analysis over a firm explains about firm’s liquidity position and it also briefs the user about the short term debt obligation of the firm to achieve its short term liabilities factor. Current ratio, working capital and quick of the firm have been evaluated to identify the company’s liquidity position.

Current ratio study has been performed over STO which explains that company has made many changes into current liabilities and assets to administer the company’s liquidity position. The company’s current ratio has been enhanced from 2014 in 2016 by 0.1205. It explains that the cost of the company for short term has been inferior from last 2 year. Further, working capital and quick assets has been analyzed and it depict that the position of the company in terms of liquidity has been enhanced from last two year.

Computation of ratio analysis
Liquidity ratio	2016	2015
Current ratio	1.22480846	1.39358596
Quick ratio	0.946697812	1.129677655
Working capital	83,58,15,934.0	1,05,34,71,534.0

More, profitability ratio of the company has been analyzed. This ratio analysis over a firm explains about firm’s profitability position and it also briefs the user about the operating profit, net profit margin, ROCE, return on total assets, return on equity etc. to evaluate the profit performance of the company. Operating profit, net profit margin, ROCE, return on total assets, return on equity of the firm have been evaluated to identify the company’s profitability position.

The operating profit margin ratio analysis of the company has been reduced from 2014 in 2016 by 0.0121. It depict about the decreased operating margin profit ratio. Further, other profitability ratios such as net profit margin, ROCE, return on total assets, return on equity of the company also describe that the company’s profitability position has been tainted a little bit from last two years.

Profitability Ratios	2016	2015
Operating Profit Margin	0.070870679	0.071096293
Net Profit Margin	0.062053724	0.059528847
Return on Capital Employed	0.1	0.2
Return on Equity	0.176355823	0.19693311
Return on Total assets	0.061081378	0.076210993

Further, debt equity ratio of the company has been analyzed. This ratio analysis over a firm explains about firm’s capital structure position and it also briefs the user about the level of assets, liabilities, interest etc. to evaluate the performance of the company in terms of managing the capital. Debt equity ratio and interest coverage ratio of the firm have been evaluated to identify the company’s capital structure position.

Debt equity ratio of the firm depict that firm has managed few changes into the capital structure to handle the company’s profitability and performance position. The debt equity ratio analysis of the company has been reduced from 2014 in 2016 by 0.0341. It depict about the decreased ratio of assets and liabilities of the firm.

The interest coverage ratio has also been analyzed and it has been found that the interest coverage ratio of the firm has been enhanced by 0.065 from 2014 in 2016. It explains that the company’s interest income has been lowered from last year.

Capital structure ratio	2016	2015
Debt- equity	1.887227313	1.584051234
Interest coverage ratio	3.937362248	2.652354379

Lastly, efficiency ratio of the company has been analyzed. This ratio analysis over a firm explains about firm’s efficiency to meet the entire short term obligation and manage the working capital to run the business smoothly. Receivable turnover ratio, inventory turnover ratio, assets turnover ratio, creditor turnover ratio of the firm has been evaluated to identify the company’s short term efficiency position.

Efficiency ratio of the firm depict that firm has managed few changes into the strategies to manage the working capital to handle the company’s profitability and working capital position. The receivable turnover ratio, inventory turnover ratio, assets turnover ratio, creditor turnover ratio analysis of the company has been reduced from 2015 in 2016. It depict about the enhanced efficiency of the company and high working capital rate.

Efficiency ratio
Efficiency ratio	2016	2015
Receivable turnover ratio	11.40599448
Creditor turnover ratio	2.949048407	7.038377727
Inventory turnover ratio	6.394375108	10.21533456
Assets turnover ratio	1.087460689

Internal gaps have also been identified to manage the value management of the company. It has been found that various internal gaps are there in the company which is required to be changed to manage and enhance the value of shareholder in the company. It has been analyzed through this study that such internal gaps are required to be filled by the company to manage the operations, performance and value of shareholder of the organization.

The existing value management of the company has been analyzed and found that the value management of the company is required to make many changes as the existing system is not at all efficient now and due to it, the value of shareholders of the company are also reducing. It has been found that these would help the organization to manage the value of the shareholder and it would also help the organization to expand and diversify the market. More, it has been found that these would help the company to become more efficient. The following changes are required to be done in existing value management of the company:

1. Changes into the business functioning
2. Changes into the capital structure
3. Adopt new innovations and technology
4. Adopt new policies and strategies
5. Changes into the liquidity position of the company
6. Changes into the profitability position of the company
7. Changes into the capital structure position of the company
8. Changes into the efficiency position of the company
9. Changes into the policies to manage the internal gaps
10. Changes into the value creation model
11. Manage the KPI of the company
12. Enhance the KPI of the company

Thus above are some changes which are required by the company to change. It has been found that these would help the organization to manage the value of the shareholder and it would also help the organization to expand and diversify the market. More, it has been found that these would help the company to become more efficient.

Further, it has been analyzed that if the following changes will take place into the business functioning of the company than there are chances of the occurring of many risks. It has been analyzed through this study, that if the above changes would be made into the existing value management of the company than the following potential risks could take place:

1. Retained earnings issue
2. Funding issues
3. Profitability risk
4. Operational risk
5. Financial risk
6. Key performance indicator risk
7. Micro and macro factor management risk
8. Environmental risk
9. Economical risk

Thus above are some risks which could be faced by the company in near future. It has been found that these risks could be occurred at the time of making changes into the existing value management of the company. More, it has been found that these risks could make huge loss for the company.

Through taking the rapport model into consideration, it has been analyzed that the shareholder value management of the company is quite impressive. It has been found that if the current shareholder value model is followed by the company in near future than there would be lesser chances for the company to face any kind of risk.

Value management concept is based upon an association between satisfying the expectation and needs and entire resources which are needed to get them. The main motto of value management is to reunite all the stakeholders of the company and their views about a particular point and for getting the best balance among the available resources and satisfying needs (Airaudo, Nisticò and Zanna, 2015). Mainly, it is concerned with enhancing and sustaining an attractive balance among the needs and wants of stakeholders and required resources for it (Kiran & Singh, 2014). The judgements of stakeholder vary and it is reconciled by the VM for contradictory priorities to carry best worth for entire stakeholders. Value management is based upon the aspects of the company which assists the related party of the company to manage and enhance the worth (Bandy, 2013).

Value management is based on values of describing and adding assessable value which focuses on goals before explanations, and engaging on function to improve the innovation (Kurov and Stan, 2011). VM uniquely unites within an incorporated framework, a management style which focuses over the value; a positive loom for team and individual motivation; attentiveness about organisational environment and culture; and the successful use of established tools and methods (Bierman and Smidt, 2012).

It has been analyzed through a study that for managing the value of shareholder an organization could take the help of various models. It has been found that the situation analysis is one of them. Situational analysis of an organization depict about the various micro and macro factor of the company (Borio, 2014). It is a collection of various methods which are used by the managers to analyze the external and internal aspect of the company related to the value of the organization. In situational analysis, various factors of the company are analyzed to identify the performance of the company in terms of financial and non financial factor (Brandt and Kavajecz, 2004). Various techniques have been proposed through various managers for analyzing the situational analysis; some of them are 5c analysis, SWOT analysis, Porter’s 5 forces model, PESTLE analysis, key performance indicator analysis, shareholder value management models, ratio analysis etc (Brealey, Myers and Marcus, 2007). Further, it has also been found that the situational analysis of STO Maldives has been performed to investigate over the internal and external aspect of the company.

An economist has depicted that KPIs are a measurable value which is used by the companies to manage the business values (Brigham and Ehrhardt, 2013). These indicators depict that how an organization achieves the key objectives of the business. These KPIs are used by the organizations at various levels to manage the success and achievement of the company and it also helps the company to manage and reach over the targets. KPIs are different in different department of the company (CORREIA et al. 2013).

It has been found through a study that In STO Maldives, various KPIs are maintained by the company to manage the performance and value management of the company (Davies, and Crawford, 2011). Some of them are Business process, increased customer satisfaction, Process cycle time improvement, Service quality, Revenue improvement, and Service level agreement, Budget, Compliance and Efficiency (Diebold et al, 2006).

Business process, increased customer satisfaction, Process cycle time improvement, Service quality, Revenue improvement, Service level agreement, Budget, Compliance and Efficiency are important aspects of every business (Du and Girma, 2009). The above aspects have been analyzed over of STO Maldives and it has been found that these are the key performance indicator of the company (Elmuti, Kathawala, 2001). It has been analyzed through this study that various changes have taken place into the policies of the company and due to which the process of satisfying the customer has been enhanced and it has became KPIs of the organization which helps the company to manage every internal and external aspect of the company in positive manner (Fernandes et al, 2014).

Further, for the reviewing of evidences, financial data of the company has been taken into consideration and it has been found that the financial statement of the company such as income statement, balance sheet and cash flow statement of the company has been analyzed directly to review the evidences and through the reports, it has been found that various changes have taken place into the final statement of the company from last 3 years. It has also been observed that these changes have been taken place due to many internal and external issues.

Further, shareholder value management of STO Maldives has been analyzed. Shareholder value is the total worth which is enjoyed by the shareholders through owning the stock of a company. Basically, the value which is derived by the shares of the company to the shareholders is the shareholder value (Fulin, 2011). It is quite crucial for every organization to enhance the value of the shareholders as this would help the shareholders to get attract towards the company and make more investment into the company and thus it is required by the management to consider the shareholder value while making a decision (Gali, 2015). The more the value of shareholder would be, the better it would be for the organization (Gambacorta, 2014).

In case of STO Maldives, various factors have been analyzed to understand the value of shareholders in the company and it has also found that what are the factors are there in the company which could be considered by the company to enhance the value of shareholders (Gaughan, 2010). Various economic theorists have depicted that the value of the shareholders could be created when the revenue of the company is above the expenditure of the company and the company always make efforts to enhance the revenue and at the same time, cost is controlled by the company (Gitman, 2012).

Shareholder value creation model has been analyzed over the STO Maldives and it has been analyzed that the company is trying hard to maintain and enhance the value of shareholder (Gürkaynak, Sack and Wright, 2007). Further, it has been found that the capital structure of the company is quite competitive as company has managed the debt and equity ratio according to the industry set ratio and company has also adopted new technology to maintain the business functioning of the company (Hák et al, 2012). Further, every aspect of shareholder value creation is in the favour of the company and thus the shareholder value of the company is quite competitive (Hines, 2001).

Further, for the reviewing of evidences, ratio analysis of the company has been taken into consideration. Through the ratio analysis study of the company, various ratios have been calculated to manage the financial performance and analyze the value management of the company. For managing the value management in a better way, liquidity ratio, profitability ratio, efficiency ratio, debt ratio etc has been analyzed. It has also been observed that for analyzing the ratios of the company, annual report of last 3 years of the company have been analyzed and the various market condition and industry condition of the company has been investigated. It has been found that various changes have taken place into the final statement of the company from last 3 years. It has also been observed that these changes have been taken place due to many internal and external issues. And due to it, the ratios of the company have been changed on a various level due to these changes into the final statements of the company.

It has been found that various changes have taken place into the final statement of the company from last 3 years. It has also been observed that these changes have been taken place due to many internal and external issues.

It has been found through the ratio analysis of the company that the performance of the company has been changed in last 2 years due to many changes in the company internally and externally (Jain and Haley, 2009).

Further, it has been analyzed that there are various aspects and risks which could take place in near future if any changes have been done in the operations of the company and this could affect the value management of the company positively or negatively (Zeithaml et al, 2006). Through the study over STO Maldives, it has been analyzed that below are some changes which must be taken place into the operations of the company to manage the operations and value management of the company (Walker et al, 2005).

Changes into the business functioning, Changes into the capital structure, Adopt new innovations and technology, Adopt new policies and strategies , Changes into the liquidity position of the company, Changes into the profitability position of the company, Changes into the capital structure position of the company, Changes into the efficiency position of the company, Changes into the policies to manage the internal gaps, Changes into the value creation model, Manage the KPI of the company and Enhance the KPI of the company. this would help the company to enhance the value creation model of the company but further it has also been analyzed that this would create some risk for the company such as Retained earnings issue, Funding issues, Profitability risk, Operational risk, Financial risk, Key performance indicator risk, Micro and macro factor management risk, Environmental risk and Economical risk (Shapiro, 2005).

I have studied over the STO Maldives and the value management articles and various journals have been learned for this research. It has been found that various aspects are there in an organization which makes an affect over the business functioning of the company and the various strategies of the company. It has been analyzed through this study that an organization is required to look over all the related things and then the managers of the company must make any decision. It has been analyzed through this research that for achieving the core capabilities and critical thinking to manage the consultancy task an organization, a company is required to analyze and investigate various factors related to that organization and its client base.

I have investigated over various service providing companies and found that for managing the core capabilities and competency of a service organization, a company is required to manage the entire internal and external aspect of the company, if the case of STO has been taken into consideration than it has been found that for achieving the consultancy task in an organization of client, it is required to do a depth study over the organization and than it has also found that the person must be enough capable to handle that situation and give a good advice to the client company, such as in STO, I have conducted a study over the value management of the company and for that reasrch, I have firstly investigated over the company’s history, operations, mission and visions and recent changes into the functioning of the company etc and additionally, a study has also conducted over the value management and its components. Further, I have also investigated over various other topics such as financial and non financial analysis of the company, economical factor, environmental factor, political changes and some other analysis to perform this study smoothly.

Through this study, I have found that my knowledge about the investigations, a company’s structure, various aspects of a company, financial and non financial factors of the company, related aspect of the company, various factors which could make an impact over the operations of the company etc has been enhanced. Further, it has also been analyzed that after conducting this report, I have become more aware about the company’s operations and it has also been learnt by me that how the operations of a business get affect and how much it is important for a business to manage the value of the shareholder. Through this study that skills of mine has been enhanced to a next level and I am finding many changes into myself related to be an analyst.

have found that such kind of studies make a student more competent and enhance their knowledge and idea about the investigations and research over a company to get the practical knowledge which would help them in near future to manage the job as an analyst in a perfect way. Additionally, I have found that due to this knowledge it has become easy for me to understand the related factors.

Lastly, I have found that for such task, it is really important for a person to manage the leadership qualities as it would help him or her to manage every factor in a positive manner and it would also help the person to conduct a better research. For conducting such kind of report, it is required for a leader to be the most supportive and have better knowledge about all the related aspects. It has been found that if such issues would be handled by the leaders in a good manner than it becomes very easy for the leaders to manage and conduct a good study.

It has been analyzed that if a leader has set the best qualities than it becomes easy for them to manage the career as it would help them to enhance and encourage their career and this would also help them to manage the good career in near future.

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