Financial measures Essay Example | Topics and Well Written Essays - 500 words

Financial measures - Essay Example Financial measures are the traditional ones for evaluating operating performance, benchmarking competitors, and comparing industry results. To determine whether a company is profitable, profitability ratios like return on equity, return on assets and net profit margin may be used. Other companies or competitors normally use the same ratios also so that comparison and benchmarking are possible among companies (Meigs, Meigs & Meigs, 1995). However, it does not mean that non-financial measures are not useful since normally they are the underlying explanations of the difference in performance measures. To illustrate in the case of two similar companies in the industry, it is possible that one has more revenues or higher profitability than the other does. What could explain the difference between the two companies may be in the more loyal and active sales force of one company over the other. Upon investigation, it can be found that personal objectives of the workforce or people of the mor e profitable company are tied with the corporate financial objectives. The human resource contribution, which is basically non-financial, is normally not emphasized in the financial statements but they could constitute the competitive advantage on one company over the other company. After knowing that a company has more loyal and hard working sales force, the same company could sustain profitability or further the advantage and that makes the non-financial measure very useful. Of course they are other non-financial measures such as better customer service, better attendance of employees in meeting, zero absences in important activities, timely submissions of reports by concerned employees or departments (Streetdirectory, 2010). The advantage and disadvantage of each measure can be drawn from the example given. Financial measures are readily measurable and are closer to measuring attainment of measurable financial objectives. It is easier to

PUMPING IRON IN Saudi Arabia Essay Example | Topics and Well Written Essays - 500 words

PUMPING IRON IN Saudi Arabia - Essay Example This encourages the participants. Another purpose the author wanted to issue in this case is about gender. The gymnasium is occupied by men only. This raises a major concern about the health fitness of the women. All the participants in the gymnasium were men. The author has also raised religious issues involved. The author has clearly presented the picture of the Gym in question. He begins by describing the location of the gym. The author has also provided information on the charges that one needs to pay in order to become a member. Then, the author proceeds to describe the facilities that are found in the Gym. The Gym is packed with high quality exercise machine (Dyatt 2009). However, the author emphasizes on the fact that the equipments are old and the surfaces are peeling off though clean. The author has also revealed the uniqueness of the 10th Street from the fact that it observes the religious aspects carefully. For instance, the rights are put off and the door closed during the prayer of Saleh (Dyatt 2009). The lights are put off and the door locked automatically even if workout is in the middle. The author has also revealed that failure to observe these rules can lead to loss of license. When the lights are off, the carpets are out between the exercises machines after which the faithful faces Mecca in rows for prayer (Dyatt 2009). Meanwhile, other people would continue to work out quietly besides them. Both groups are expected to proceed harmoniously. The author have also emphasized that working out in the darkness is really interesting. It motivates people as it exaggerates the appearance of the people. The strong looks stronger in the darkness (Dyatt 2009). The author has also introduced the gym manager who is also a weight lifter. He is a friendly man who is interested in every attendant. He is determined to help the new weight lifters. The author has also revealed