The Force of Technology - Free Essay Example

Section I- Globalization Force: Technology The force of technology has had unprecedented impact on globalization over the years is certainly technology and being protected under intellectual property rights, the developing countries like India have focussed a great deal on becoming the technical experts of the world (Matyjewicz). Though there is still a need for aligning the goals of global business strategy with the use of technology. The business today is tough and increasingly complex, thus the organizations are embracing Information technology (IT) as a tool to manage the complexity in business operations in the most effective and efficient manner to achieve sustainable competitive spot in the international market. Globalization and technology have reinforced each other and grown together over the years. The technologies have evolved along with the process of globalization of companies and this has occurred through the following three categories of technology activities, which are ?technological exploitation?, ?technological generation? and ?technological collaboration?. MNCs try to enhance their profitability by exploiting technological processes and transferring them to international markets. Examples are: International trade, Intra-firm trade, technology trade, wholesale trade, extending patents to other countries. Often it happens that an MNC starts the innovation process in its host country by means such as FDI and setting up of RD facilities there. Examples are: FDI in wholly owned subsidiaries, joint ventures, mergers and acquisitions, internationalization of RD and patents generated in foreign subsidiaries. The most striking feature linking technology and globalization is that only few firms are capable of innovation on their own, thus they need to collaborate with other organizations. Examples are: Strategic alliances, JVs, research pacts, joint development agreements, technology exchange agreements and building strong supplier-producer relationships across geographical boundaries. The World Information Technology and Services Alliance in a study in 2006 estimated the global investment on IT and communications in 2006 to be approximately $3 trillion which was expected to exceed ?4 trillion by 2009 whereas the growth is primarily spurred by the software with annual growth rate of above 9.9% (WITSA, 2006). There are two distinct aspects of IT. They are IT as ?embedded factor of production? and IT as ?driver of organizational change?. The former defines IT as an inherent factor that needs to be combined with other factors of production to enhance economic growth and the latter views IT as the factor responsible for levelling of the organizations. IT has enabled building trusted business relationships which can be digitally facilitated by the global enterprises. One of the revolutionary technologies in use is Virtual Meetings over digital platform such as video conferencing and human conferencing. The interdependence between the ability to employ IT and abilit y to implement corporate strategies is growing in the context of international business environment. It is helping MNEs to improve the efficiency and productivity. The multinational organizations essentially need robust telecommunication system (Elliot, 2004). There are a lot of opportunities in the technological sector, for example in the transportation sector the global market for supply chain management (SCM) software is expected to reach $8.3 billion in 2010 which was $5.5 billion and in the urban planning sector also the building management systems investment is estimated to be over $67 trillion. The global firms must recognise the swiftness and measure of transformation as the international business landscape of this decade will be governed by new evolving global rules and uncertainty and the business leaders who will provide strategic precision by implementing IT in their operations will excel on international level. Section II: WEF and Annual Meeting 2010 at Davos World Economic forum in a non-profitable foundation based in Geneva, Switzerland and it is the leading global community that brings together the leaders and most erudite people from the backgrounds of business, politics and society on a common sharing platform to formulate and work on policies to improve the lives of people around the world (WEF). The founder of WEF, Klaus Martin Schwab developed the ?Stakeholder? management approach the objective of which was to draw the attention of corporate leaders on the broader aspects of the firm?s operations and their impacts on the communities in which they operate and the associated governments. WEF discusses the most challenging issues facing the world and to make the countries accountable for their contribution to the problems and propose solutions and implement them (WEF). The purpose of the Davos 2010 annual meeting of WEF is to improve the current situation by improving cooperation at a global level, addressing present challenges and dealing with the potential future risks. The 40th 2010 annual meeting?s theme is a call to action, ?Improve the State of the World: Rethink, Redesign and Rebuild?. The areas being most emphasised are climate, crisis and technology. Section III: The theme of ?Technology? at Davos 2010 Technology was one of the important themes of the annual meeting of the World Economic Forum at Davos, Switzerland. The globalization is leading to the emergence of newer markets with more potential for growth and productivity. It is evident that globalization and technological innovations reinforce each other. The digital ecosystem will continue to evolve in the coming years and hence global firms must be prepared to deal with uncertainties. Technological innovations have helped reduce the operating costs while maximizing the operational efficiency. Technologies such as cloud computing and semantic search which are behind social networking applications are being used for benefitting the sectors such as education and healthcare. Our own Blackboard application at Bangor University is a good example. Another example is Chile where new software supports agriculture ministry to gather and broadcast critical information about weather and climate to the farmers thus assists them in pr oper decision making regarding agriculture. WEF every year selects companies for their innovations in the areas of clean technology, information technologies, etc. which are known as Technology Pioneers. The ones selected this year include: Aura Biosciences (developing a viral-like system of drug delivery for cancer patients), BioFuelBox (operates chemical less waste treatment plant. Its separation process is patented), Obopay (a low cost mobile payment service uses mobile phones for services such as banking. It is serving 6 million people in US, India and Kenya), Dithium (mobile video infrastructure solutions), Nivio (fully functional Windows desktop environment accessible via a Web browser). Davos 2010 strengthened the importance of technology to the process of globalization. One of the discussions in WEF annual meeting emphasized on the growing importance of information technology and how new consumers use it. It described the consumers as restless and all-powerful and how they are responsible for driving the costs down and increasing quality of products and services. The consumer demand is transforming the global business backdrop. Global enterprises will require being vigilant to the revolutionary ways in which consumer decision making and purchase behaviour is being influenced by the technological innovations. Women have become a major stakeholder in defining the business in today?s time. Women make 85% of all purchases. Technology has empowered women in major areas such as education, mobility and self-employment tools. WEF realised the importance of developing countries like India which is a global leader in the information technology sector. International business leaders should be aware of the markets like India which are unsaturated and full of growth and development opportunities. Technological innovations such as cloud computing and mobile computing are believed to decide the ways in which firms will operate and collaborate in future wh ile also creating opportunities for new business avenues. IT sector is estimated to have contributed 2% of the world?s carbon emissions and Davos 2010 focussed on how the technology sector companies can grab the real business opportunity of helping the other 98% companies to go green. The Smart 2020 Report appointed by the Global e-Sustainability Initiative estimates that tech-sector can help reducing around 15% of all the global emissions and create new business lines which will be worth trillions of dollars. Section IV: IB Recommendations to Governments Companies The companies should forge ahead to embrace technological innovations for achieving growth and productivity on a global level as customers of the present time decide what to buy and how. MNCs must invest in the technologies that improve the logistics and distribution systems as it influences the global pricing. It may include setting up of production centers in the host countries. It is critical for the international businesses to recognize the role of laws and regulations of different countries and eliminate the potential trade barriers. Global firms must invest in developing countries through means such as Foreign Direct Investment (FDI) to develop infrastructure that will help grow all the stakeholders. The governments should be receptive to dynamic changes brought by interplay of technology and globalization and countries should encourage strategic alliances between domestic and foreign companies. The government must act as facilitators and mediators in matters related to international business so that it becomes easier to conduct business across borders more effectively and efficiently. They should also capture the opportunities of national and global investment in the businesses. Various global economies should strive to build better and long standing business and social relationships to foster the pace of globalization of trade. Governments should come together on the international level and discuss and debate the challenging issues facing them in the meetings such as World Economic Forum and collaborate to develop solutions to the pressing problems. Conclusion Globalization and technology are inseparable as both gain and build on each other. Newer international trade connections have become possible due to improvements in transportation and communication as they help the companies to reach to areas which were earlier inaccessible. The impetus of barrier-free trade and communication has been backed by agreements such as International Telecommunications Agreement (ITA). The global technology networks and platforms will keep bringing the economies of the world together to compete on an international level. Global firms will need to keep investing in IT to leverage its full potential to minimize costs and maximize productivity and effectiveness. The digitalization of business has helped the global companies to adapt themselves to the changing needs of the customers in efficient ways. Technology has created the perfect platform for sharing knowledge within and between the companies hence providing the foundations for better collaboration betw een various stakeholders in the realm of internationalization of businesses across the globe. Information technology will also contribute to greater diversification, integration and standardization of global companies of the world. Technology will significantly be a major determinant in the world?s environmental issues as more and more technology will turn green to support not only digital ecosystem but biological ecosystem as well. References Bhatt et al. (2010) Who Is the New Consumer? Davos 2010 annual meeting. World Economic Forum (WEF). Held on 27th January. Available from: https://www.weforum.org/en/knowledge/Industries/InformationTechnologies/KN_SESS_SUMM_30096?url=/en/knowledge/Industries/InformationTechnologies/KN_SESS_SUMM_30096 (Accessed on 16 Feb 2010). Bruderle et al. (2010) Technology for Society. Davos 2010 annual meeting. World Economic Forum (WEF). Held on 29th January. Available from: https://www.weforum.org/en/knowledge/Industries/InformationTechnologies/KN_SESS_SUMM_30438?url=/en/knowledge/Industries/InformationTechnologies/KN_SESS_SUMM_30438 (Accessed on 16 Feb 2010). Elliot, G. (2004) Global business information technology: an integrated systems approach, 1st ed., England: Pearson Education Ltd, pp. 411. Improve the State of the World: Rethink, Redesign, Rebuild. World Economic Forum Annual Meeting 2010. Executive Summary. Davos-Klosters, Switzerland 27-31 January 2010. Madapusi, A D?Souza, D. (2008) Aligning Information Technology with International Business Practices of Small Firms: Exploring theory and practice. Proceedings of the USASBE held in San Antonio, Jan 13-18 2008. Available from: https://usasbe.org/knowledge/proceedings/proceedingsDocs/2008/PaperID135.pdf (Accessed on 11 Feb 2010). Matyjewicz, G. Understanding the issues needed to compete in today?s global economy: International Business Today. Available from: https://www.gapent.com/global/International_Business-Report.pdf (Accessed on 11 Feb 2010). Rycroft, R. (2002) Technology-Based Globalization Indicators: The Centrality of Innovation Network Data. Occasional Paper Series, GW Center for the Study of Globalization. Available from: https://gstudynet.org/publications/OPS/papers/CSGOP-02-09.pdf (Accessed on: 10 Feb 2010). Schenker, Jennifer L. (2010) Message to Tech Leaders In Davos: There Are Big Profits In Helping The World Go Green. Available from: https://informilo.com/20100128/message-tech-leaders-davos-there-are-big-profits-helping-world-go-green-235 (Accessed on: 12 Feb 2010). Spelman, M. (2010) Davos 2010: Business leaders need to learn new skills. Available from: https://news.bbc.co.uk/1/hi/business/8476023.stm (Accessed on 12 Feb 2010). Weaver, T.J. (2010) Redesigning with Technology Pioneers. Davos 2010 annual meeting. World Economic Forum (WEF). Held on 28th January. Available from: https://www.weforum.org/en/knowledge/Industries/InformationTechnologies/KN_SESS_SUMM_30053?url=/en/knowledge/Industries/InformationTechnologies/KN_SESS_SUMM_30053 (Accessed on 16 Feb 2010). WEF (2007) Digital Ecosystem Convergence between IT, Telecoms, Media and Entertainment: Scenarios to 2015. Executive Summary, Available from: https://www.weforum.org/pdf/scenarios/de_executive_summary.pdf (Accessed on11 Feb 2010). Wilson III, Ernest J. (1998) Globalization, Information Technology, and Conflict in the Second and Third Worlds: A Critical Review of the Literature. Available from: https://www.rbf.org/usr_doc/Globalization,_Information_Technology,_and_Conflict.pdf (Accessed on 11 Feb 2010). WITSA (2006). The Digital Planet 2006. World Information Technology and Services Alliance.

The Use Of Alcohol And Substance Abuse Disorder - 917 Words

Ms. A is a 24-year-old, Caucasian female. She was referred for a psychological evaluation by her therapist for her excessive use of Alcohol and Substance Abuse Disorder. Additionally, Ms. A stated she has been experiencing a loss of interest, low self-esteem and feeling anxious. She complains that her struggle with substance abuse has negatively impacted her interpersonal relationships, behavioral, emotional as well as her health. The purpose of the current evaluation is to (1) evaluate her level of functioning, (2) determine diagnostic impression and (3) recommend relevant treatment and service needs. RELEVANT BACKGROUND INFORMATION Current Living Situation Ms. A currently lives in a transitional housing and attends DIOP. This†¦show more content†¦Ms. A reported she was exposed to domestic violence within the home. Reportedly, Ms. A’s said her father was physically, verbally, and emotionally abusive towards her mother and herself. The patient recalled being awakened at nights by her mother and being told they were going on â€Å"vacations†. According to Ms. A, as she grew older she understood the her family â€Å"vacations† her mother later explained that the â€Å"vacations† were merely an escape from her abusive father. The patient described her parent s divorce as messy. She opined that her parents’ divorce resulted in her â€Å"bouncing back and forth† between their homes. She reported living with her father for a brief period andbecause she was allowed to do whatever she wanted. She further described her father as her â€Å"drinking buddy† during her adolescent years. When asked to describe her childhood, Ms. A reported she has blocked out most of her childhood due to extensive sexual and physical abuse. She disclosed being sexually molested from 5 to 12 years old. She also disclosed being raped several times by her father’s friends while under the influence of alcohol or drugs. Ms. A statedaid she left home at age 16 and began supporting herself. She indicated that her parents remarried other partners, and she gained 5 stepsiblings with whom she currently maintains a good relationships. The patient reported having a close bond with her biological mother during childhood. She describedShow MoreRelated Eating Disorders And Substance Abuse Essay1636 Words   |  7 PagesEating Disorders And Substance Abuse Common Eating Disorders: The two most common eating disorders are bulimia nervosa and anorexia nervosa. Both disorders, primarily affect young women, therefore the majority of the research on eating disorders has been done with women subjects. The onset of bulimia is between adolescence and early adulthood while the onset of anorexia is between early and late adolescence. Not only is the onset different but the disorders are unique. 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Is Dar Al Islam - 1441 Words

one is Dar al-Islam - furthermore the other is Dar al-Harb. Either you are a Muslim plus fit in to the dwelling of Islam, or you are of the dwelling of war and to be discarded as well as dreaded. To live external of Islam places you at peculiar with your society, your persons, and your principles in addition to your God. They fear each who exists in this odd globe that lives comparable to Islam except is within resistance to it (Inglehart, Norris, 2002, p. 27). 1.8 Al-Bassmala: the Verse of Mentioning the Name of God Being used to Instill fear in their Faithful Husain, (2004) in his study has observed that In Chapter 16, Verse 98 of the Holy Quran, Allah extol to Him teaches Muslims to seek refuge with Him from the Stoned Shaitan (Satan) when they begin narrating the Holy Book. The Stoned Shaitan is a citation to the tale of Ibrahim (Abraham), harmony be upon him, who tossed stones at Satan, while the second was attempting to deter him from submission to God. The actual primary Chapter of the Holy Quran, Al-Fatiha (The Opening), begins with Al-Bassmala, which is the verse of stating the name of God. It affirms: In the name of Allah, the Beneficent, the Merciful. This is deemed the opening verse of the Holy Quran.Every chapters of the Holy Book begin with it apart from Al-Tawba (Chapter 9) (EVANS, 2011). Consequently, when Muslims begin declaiming the Holy Quran or begin praying, they utter: I seek refuge with Allah from the Stoned Shaitan. 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Chapter 28 the Islamic Empires - 1054 Words

Chapter 28: The Islamic Empires Osman Bey: The founder of the dynasty that continued in unbroken succession until the dissolution of the empire. He was chief of a band of semi-nomadic Turks who migrated to northwestern Anatolia. Ghazi: What all Osman followers wanted to become, otherwise known as Muslim religious warriors. Ottomans: Those who were located on the borders of the Byzantine empire and followed Osman Bey. They captured the Anatolian city of Bursa and made it their capital. Their formidable military machine drove them to expansion. Devshirme: Required by the Ottomans for the Christian population of the Balkans to contribute young boys to become slaves of the sultan. Those boys received special training, learned†¦show more content†¦Furthermore, although Persian Mongols had adopted Islam, the Mughals were Muslim who reigned over a large population of Hindus as well as Muslims. 2. In the Islamic Empire, many Muslims were traders; therefore, they traveled in the empire and explored distant lands. Because of the need for navigation advancements, Muslims took interest in astronomy, navigation, and maps and developed advancements. Muslims in the Islamic Empire first used and studied maps drafted by the Greeks and later, as they learned more about the land they conquered, they added improvements and constructed more maps. The Muslim geographers were they first to use measurements and scales to make the most accurate maps. 3. The Mughal and the Ottoman Empires were two of the greatest and most powerful civilizations of the ancient period. Their fame and glory in the sixteenth century represented the zenith of art, architecture, and human creativity. These eminent empires were the largest and the most influential civilizations of the Muslim world, and their splendor reached as far as Europe. 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Realtionship Between the Media, Public Perceptions of...

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Criminal Justice Ethics free essay sample

Law enforcement officers are criminal justice professionals whose duties involve ensure public safety and enforcement of laws. Within the criminal justice system law enforcement detectives performs investigative duties such as gathering facts and collecting evidence. The initial information provided to detectives is the most critical factor in solving a crime. Therefore, it is inherently important that the detectives follow all department rules and demonstrate sound judgment when making decisions. The criminal justice ethics tutorial examines the ethical dilemmas detectives may face where the right choices can be difficult because of the costs involved. And after reviewing the tutorial on criminal justice ethics, the detective’s failure to comply with department policies and rules was the determining factor in deciding to report the incident to my supervisor. To help justify by decision, I viewed the situation from a deontological perspective. Deontologists argue that sometimes people have a moral duty to perform certain actions regardless of the consequences. We will write a custom essay sample on Criminal Justice Ethics or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In this scenario, the detective was aware that the departmental policy required videotaping interviews and those teen (minor) suspects are entitled have a parent present. The detective had a duty to treat all people impartial in accordance of the law. Also, it should have been taken into account that the victim is unable to identify her attackers, therefore it was in poor judgment for the detective bypass the rules because he feels the teens are â€Å"guilty as sin† on the basis of their past records. He ignored these facts, thus making his actions unethical and immoral. Because of that, I think morally alerting my supervisor was the best choice in this situation. Some of the hardest decisions a professional will be faced with will be a test of your loyalty to your colleagues and superiors. Even if the behavior is illegal, it’s difficult to challenge authority. Within the criminal justice system individuals feel compelled to offer personal loyalty to coworkers and as a result violate the law and the public good. There are no organization rules that require such behavior but the organizational culture has invariably taught that loyalty is so important the violating such a commandment is a cardinal sin. Although the detective choosing to deviate from the organizational culture and alert his supervisor it was the best decision because it could potentially prevent the criminal case against the teen suspects from being compromised. Also, the â€Å"innocent† detective not telling the truth in an attempt to protect his coworker could find himself facing serious or career-ending discipline. In conclusion, the detectives in the scenario both faced different challenges to do what is right and moral. The desire to achieve an outcome that would give them public vindication clouded one detective’s perspective. However, the â€Å"innocent† detective looked past the cases publicity and conducted himself in a good moral manner by alerting his supervisor of the misconduct.

Financial Reporting Of Singapore Limited - Myassignmenthelp.Com

Question: Discuss about the Financial ReportingOf Singapore Limited. Answer: Introduction The objective of the paper is to conduct a comparative analysis of the selected companies Sakae Holdings and Soup Restaurant that is listed in Singapore stock exchange. Moreover, a comparative summary for two years regarding the selected companies profitability, liquidity, asset efficiency and gearing will be provided within the report. Additionally, a reflective statement associated with the learning journey of the report will also be provided. Background of Companies Soup Restaurant is positioned as among the best niche restaurant in Chinatown that offers herbal soups and home cooked food at affordable costs (Almamy, Aston Ngwa, 2016). Sakae Holdings is a renowned restaurant that offers quality dining Sushi, crepes and cream and catering services. Both these companies are listed in Singapore Exchange Limited. Discussion Profitability Ratios Profitability Ratios Sakae Holdings Soup Restaurant Years 2015 2016 2015 2016 Gross margin 1.90730719 1.649828347 0.11875 0.12178 Change from previous year 9.00% 13.50% 1.50% -2.55% Net margin -0.14000665 -0.38 0.10 0.11 Change from previous year 65% 97.28% -0.10 -11.56% Return on capital employed -0.43135246 -1.21 0.15 0.15 Change from previous year -150% -180% 14.68% 15.12% Return on Equity -0.10311964 -0.372904226 0.09 0.11 Change from previous year 86% 96% 9.40% 10.98% Return on Total Assets -0.04182283 0 0.09 0.11 Change from previous year 97% 108% 9% 11% Gross Margin Gross margin ratio is important in measuring how much efficient will be the companies in their business operations. Gross margin ratio of Sakae Holdings is observed to decrease by 13.50% in the year 2016 in comparison to Soup Restaurant Company that is observed to increase from the year 2015 to year 2016 by 2.55% (Altman et al.2017). Such increasing trend of this ratio indicates that the company retains increased amount on every dollar of its sales in order to service its debt obligations along with other costs. Sakae Holdings decreasing percentage indicates a decrease in competitiveness of the companys services and products (Sakae Holdings, 2018). It also signifies overall profitability of the company is getting poor each year with decreased sales of its products. Net Margin Net margin ratio is important in indicating profitability of a company. Net margin ratio of Sakae Holdings Company is observed to decrease by 97% from the year 2015 to year 2016 (Kou, Peng Wang, 2014). Such decrease is observed because of the reason that financial health of the company is poor than Soup Restaurant Company and this signifies the company is proficient enough in transforming its revenue into profits which is further available for all its shareholders. It can also be gathered from the results of the company that it has less parentage of revenue left after all expenses are decreased from the sales and it is extracting less amount of profit after its total sales. Net margin ratio of Soup Restaurant Company is observed to increase by 11.56% from the year 2015 to year 2016. This indicates that the company is efficient enough in converting its revenue into profits. This also signifies the business performance of the company is not that effective in facilitating it to attain enough net margins. Return on Capital Employed Return on capital employed is important in analysing the ways in which a company employs its assets in attaining high revenues. Return on capital employed ratio of Sakae Holdings is observed to decrease by 15% from the year 2015 to year 2016. However, and Soup Restaurant Company has constant ROCE in both 2015 and 2016. Such results indicate that companys performance within the capital intensive sectors like the restaurants. This does not offer a good indication regarding these companies financial performance of the significant debt (Sakae Holdings, 2018). Moreover, such decreasing and fixed trend of return of capital employed makes it clear that these companies might occasionally have an inordinate cash amount in hand but as the cash is not actively used within the business. There are some limitations in using this ratio as it considers that the companies require increasing this ratio for the reason that the investors are likely to favour the organizations with stable and increasing return on capital employed ratio. Return on Equity Return in equity facilitates in analysing the companys capability in attaining profit for every dollar invested by shareholders. Return on equity of Sakae is observed to decrease over the years from 2015 to 2016, while the situation is just the opposite for Soup. This is because of the reason that Sakae Holdings is not that capable in attaining increased profit for every dollar of common shareholders equity (Sakae Holdings, 2018). Return on Total Assets Return on total assets of both the companies is observed to decrease for Sakae and increase for Soup Restaurant over the years from 2015 to 2016. This is because of the reason that Sakae Company is highly capable to attain increased profit percentage in comparison to its overall resources that is not same in case of Soup Restaurant because of which it is attaining less profit (Sakae Holdings, 2018). Liquidity Ratios Liquidity Ratios Sakae Holdings Soup Restaurant Years 2015 2016 2015 2016 Current ratio 1 0.43 2.45 2.02 Change from previous year 31.00% 33.42% 15% 17.36% Quick ratio 0.586722962 0.39 2.41 1.99 Change from previous year 58.67% 39.01% 15% -17% Current Ratio Current ratio is important in analysing the companys current total assets in consideration to its current total liabilities. Current ratio of Sakae Holdings is observed it decrease by 33.42% from the year 2015 in the year 2016. Moreover, current ratio for Soup Restaurant is observed to decrease by 17.36% from the year 2015 in the year 2016 (Bansal, 2014). Decreasing trend of this ratio for Sakae Holdings Company indicates that the company is losing its capability to address both its short and long term obligations. It can also be observed in case of the company that its liabilities are increasing in comparison to its assets that make it incapable to address all its debt obligations. It also signifies that Soup Restaurant Company has better liquidity position than Sakae Holdings Company as the results indicate this organization is capable enough in settling its current liabilities with its current assets. There is a limitation in using this ratio as it considers analysing inventory th at can lead to overestimation of liquidity position of the companies. Quick Ratio Quick ratio is important in evaluating the liability of companies that measures the ways in which they address their short term financial liabilities. Quick ratio of Sakae Holdings is observed it decrease by 39.01% from the year 2015 in the year 2016 (Buehlmaier Whited, 2016). Such decreasing trend indicates that the company is not that efficient in maintaining its liquidity and address all its shot tem obligations with its most liquid assets. On the other hand, quick ratio for Soup Restaurant is observed to decrease by 17% from the year 2015 in the year 2016.This signifies that the company has increased accounts receivables that make it difficult for the organization in collecting its receivables (Collier, 2015). There is a limitation of this ratio as a decreasing quick ratio not always indicates that it has increased risk of bankrupts; it can signify the company is focussing greatly on inventory or over assets for paying off its short term liabilities. Asset Efficiency Ratios Efficiency Ratios Sakae Holdings Soup Restaurant Years 2015 2016 2015 2016 Average inventory 12 14 46 47 Change from previous year 11% 13% 2% 3% Asset turnover ratio 0.30 0.30 0.09 0.11 Change from previous year 0 0 15% 17% Receivables turnover (in days) 9 17 0 0.00 Change from previous year 85% 90% 0 0 Inventory turnover (in days) 12 14 3.06 3.48 Change from previous year 11% 13% 12% 14% Average Inventory Average inventory of both Sakae Holdings and Soup Restaurant Company is observed to increase from the year 2015 to year 2016 (Damodaran, 2016). This indicates that both the companies inventories are sold and replaced many times over a time period. This also signifies value of the inventory attained by these companies is increasing over the specific time and they are efficient enough in adjusting the values associated with inventory items from their previous purchase. Asset Turnover Ratios Asset turnover ratios of both Sakae Holdings has increased and Soup Restaurant is observed to increase from the year 2015 to year 2016 (Dokas, Giokas Tsamis, 2014). This indicates that these companies do not have enough capability in gathering enough sales from its assets through comparing net sales with its average total assets. This also signifies that these companies are not that capable enough in employing its assets for gathering enough sales. It can be observed from the results of the companies that these are not that efficient in measuring enough number of revenue dollars gathered by one dollar of the companys assets (Goldmann, 2017). The value of these companies sales and revenues gathered in comparison to its assets value is deemed to be lesser as signified by lower asset turnover ratio of these companies. Receivables Turnover Receivables turnover ratio of Sakae Holdings is observed to increase from the year 2015 in the year 2016. This indicates that the company is efficient enough in employing its assets that quantifies the companys efficiency in extending credit along with gathering debts on such credit (Grinblatt Titman, 2016). Receivables turnover ratio of Soup Restaurant is observed to increase from the year 2015 in the year 2016. Such result signifies that the company is highly capable in gathering its credit that is issued by the company to its consumers. Therefore, it can be stated that the credit practices of the company is proving beneficial for it (Grinblatt Titman, 2016). Inventory Turnover Inventory turnover ratio of Sakae Holdings is observed to decrease from the year 2015 to year 2016. However, the ratio for Soup Restaurant is expected to remain the same over the year due to greater market demand. Such results indicate that Soup Restaurant inventory is not replaced and sold over a period of time (Hotchkiss, Strmberg Smith, 2014). Soup Restaurant acquired larger inventory amounts over the past two years and were not capable enough to sell them in increased amounts in order to enhance their turnover. Payables Turnover It has been observed that the payables turnover of Soup has increased over the year, as it has been allowing extended credit terms to its debtors. However, the scenario is just the reverse for Sakae Holdings, since it has reduced its debtor terms for retaining greater cash in hand so that it could be invested in business operations. Gearing Ratios Investment Ratios Sakae Holdings Soup Restaurant Years 2015 2016 2015 2016 Earnings per share -32.6126761 -92.82 0.34 0.35 Change from previous year 170% 185% -2% -3% Interest cover ratio 5 15 7 16 Change from previous year 160% 168% 120% 125% Price earnings ratio -0.01165191 -0.003231925 0.4 0.47 Change from previous year -68% -72% 7% 18% Dividend cover ratio 0 0 0 0 Change from previous year 0 0 0 0 Dividend yield ratio 0 0 -15,300,379 -10,125,044 Change from previous year 0 0 -30% -34% Capital gearing ratio 33.97049924 26.34795764 0.21 0.03 Change from previous year -20% -22% -85% -87% Earnings per share Ratio This ratio is important in analysing an organizations overall earnings for its shares. This is also an indication of the fraction of an organizations financing which derives from investors and creditors (Kou, Peng Wang, 2014). Earnings per share ratio of Sakae Holdings are observed to decrease by 185% and 3% from the year 2015 to 2016. On the other hand, the earnings per share of Soup Restaurant are expected to increase by 3% in 2016. Such decrease in this ratio of Sakae Holdings indicates that Sakae Holdings is employing more debt in order to finance its assets in consideration to the shareholders equity value (Soup Restaurant, 2018). There is also certain limitation in using this ratio as an organization might have high discretion in deciding aspects those are unique and there is a scope of manipulation. Interest Cover Ratio This ratio is important as it focuses on determining how easily an organization can address their interest expenses on the outstanding debt. Interest cover ratio of Soup Restaurant is observed to increase from the year 2015 to 2016 (Goldmann, 2017). Such results indicated that the organization has the capability to make certain interest payments on its debt within a timely manner. On the other hand, the ratio for Sakae Holdings has decreased in the same year denoting its fall in capability to meet its interest expense with operating income. As this ratio is indicating a increasing trend which makes sure that Soup is making enough money in addressing all its interest payments. If this ratio keeps on increasing then it can be considered less risky that will never attain a high bank financing (Grinblatt Titman, 2016). However, there are certain limitations of employing this ratio as this ratio at times fails to provide a clear picture of the companys stability with regards to defaults a nd certain interest payments. This ratio keeps on fluctuating that questions the reliability of the results. Price earnings ratio Price earnings ratio has significance in evaluating the companys increased growth in future. Price earnings ratio of both Sakae Holdings and Soup Restaurant Company is observed to decrease by 72% and 18% from the year 2015 to year 2016. As these companies are losing money they are observed to have very less or no price earnings ratio. This indicates that for both the companies the investors are not willing to pay an increased amount per dollar of its earnings (Sakae Holdings, 2018). However, there are certain limitations of using this ratio as this employs estimated earnings in order to attain high price earnings ratio. Dividend cover ratio Dividend cover ratio is vital in analysing the number of times a company is able to pay dividends to all its shareholders that is gathered from profits earned within an accounting period. Dividend cover ratio of both Sakae Holdings and Soup Restaurant Company is observed to be 0 from the year 2015 to year 2016. This indicates that both the companies are capable enough in paying off all its necessary preferred dividend payments and it faces no difficulty in addressing preferred dividend requirements (Sakae Holdings, 2018). Some limitations of using this ratio includes proper estimation of deducting any dividends paid for the irredeemable preference shares from the net profit gathered over the accounting period for estimating earnings to be attained by ordinary shareholders. Dividend yield ratio Dividend yield ratio is significant in analysing the basis on which the organizations pay dividends on quarterly basis and evaluators the dividend paying capability of the organization. Dividend yield ratio of both Sakae Holdings and is observed to be 0 and Soup Restaurant Company is observed to decrease by 34% from the year 2015 to year 2016. This indicates that both the companies do not pay a huge percentage of market prices of their shares to all its shareholders in the dividend form (Soup Restaurant, 2018). However, there are certain limitations of employing this ratio as it estimates that a company used for analysis continuously prefer making dividend payments at the similar or increased rate like usual. Capital gearing ratio Capital gearing ratio is necessary in a companys capital structure that includes the fraction of equity and debt used by the company. Capital gearing ratio of both Sakae Holdings and Soup Restaurant Company is observed to decrease by 22% and 87% from the year 2015 to year 2016. This indicates that the capital structure of the company is not that low geared as a decreased fraction of their capital is encompassed of common stockholders equity (Soup Restaurant, 2018). Few drawbacks of employing thus ratio includes the complexity of this ratio in understanding whether the organization is high or low geared along with the performance of the organization in covering the interest payment with gathering a constant profit. Conclusion The objective of the paper is to conduct a comparative analysis of the selected companies Sakae Holdings and Soup Restaurant that is listed in Singapore stock exchange. The report revealed that profitability of Sakae Holdings Company is poor in comparison to Soup Restaurant. Moreover, ratio analysis also explained that gearing ratios and asset efficiency ratios of Sakae holdings is negative in comparison to Soup Restaurant that signifies the company needs increased improvement in these ratios. For improvement of the profitability ratios, Sakae Holdings Ltd is recommended to decrease its inventory, boost conversion rate and review its recent pricing structure. However, the investors are recommended to invest in the shares of the Soup Restaurant due to positive returns on investment, greater profit margin and higher dividend payouts. Reflection Through carrying out the comparative ratio analysis of the selected companies, I have carried out comparative summary for two years regarding the selected companies profitability, liquidity, asset efficiency and gearing will be provided within the report. Moreover, through completing this paper I have learned that profitability ratios can be efficiently used in evaluating the companys performance along with operational efficiency. I have learned that these ratios indicate the association among the profit along with resources used within the business. From analysing the ratios of the selected companies I have learned that ratio analysis is an effective process of determining along with analysing the numerical relationships relied on the financial statements. I have also learned that ratio analysis serves as a statistical yardstick which offers a measure of association among two figures and variables. After completion of the report, I have attained a great understanding on the fact tha t ratio analysis provides decision makers with increased information and facilities superior quality decision making. This also facilitates directors, managers along with other interested members in deciding important figures such as turnover and profit. After analysing the ratios of the selected companies, I have gathered knowledge regarding the fact that liquidity serves as a measure of a companys capability to address daily expenditure. I have also gathered an understanding regarding the fact that the companies require holding liquid assets in order to make sure that it can address their financial commitments to an extent as liquid assets has a tendency to gather low returns. I have also gained knowledge on the fact that financial statement analysis must centre majorly on extracting necessary information for a specific decision. Such information needed can take several forms that encompass comparisons like comparing variations within similar item for same organization over severa l years. This can facilitate in comparing changes for the similar items for the same organization over several years for comparing major relationships within the identical year. I have also realised that ratio analysis of the companies facilitates comparison of financial performance of them along with facilitating calculation of different ratios for a broad variety of purposes. References Almamy, J., Aston, J., Ngwa, L. N. (2016). An evaluation of Altman's Z-score using cash flow ratio to predict corporate failure amid the recent financial crisis: Evidence from the UK.Journal of Corporate Finance,36, 278-285. Altman, E. I., Iwanicz?Drozdowska, M., Laitinen, E. K., Suvas, A. (2017). Financial Distress Prediction in an International Context: A Review and Empirical Analysis of Altman's Z?Score Model.Journal of International Financial Management Accounting,28(2), 131-171. Baos-Caballero, S., Garca-Teruel, P. J., Martnez-Solano, P. (2014). Working capital management, corporate performance, and financial constraints.Journal of Business Research,67(3), 332-338. Bansal, R. (2014). 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Financial Liquidity and Profitability Management in Practice of Polish Business. InFinancial Environment and Business Development(pp. 103-112). Springer International Publishing. Grinblatt, M. Titman, S.(2016).Financial markets corporate strategy. Hotchkiss, E.S., Strmberg, P. Smith, D.C.(2014). Private equity and the resolution of financial distress. Kou, G., Peng, Y., Wang, G. (2014). Evaluation of clustering algorithms for financial risk analysis using MCDM methods.Information Sciences,275, 1-12. Lakshmi, T.M., Martin, A. Venkatesan, V.P.(2016). A genetic bankrupt ratio analysis tool using a genetic algorithm to identify influencing financial ratios.IEEE Transactions on Evolutionary Computation,20(1), 38-51. Leary, M.T. Roberts, M.R.(2014). Do peer firms affect corporate financial policy?.The Journal of Finance,69(1), 139-178. Li, X. (2015). Accounting conservatism and the cost of capital: An international analysis.Journal of Business Finance Accounting,42(5-6), 555-582. Richardson, G., Lanis, R., Taylor, G. (2015). Financial distress, outside directors and corporate tax aggressiveness spanning the global financial crisis: An empirical analysis.Journal of Banking Finance,52, 112-129. Rudolph, M. (2016). A Financial Analysis of the Sportswear Company Adidas AG. Sakae Holdings Annual Report 2017. (2018).Info.Sakae Holdings.com. Retrieved 11 January 2018, from https://info.Sakae Holdings.com/annualreport/2017/ Soup Restaurant - Investor Relations. (2018).Ir.Soup Restaurant .com. Retrieved 11 January 2018, from https://ir.Soup Restaurant .com/Investors/?page=Annual-Reports