Meaning and Task of Business Performance Analysis of Enterprises

Average inventory

Maybe you are interested!

Business Performance Analysis for Investors
Analysis of business efficiency in Vietnamese mineral exploitation enterprises - 1
Completing the analysis of business efficiency in wood processing enterprises for export in the South Central region - 27
Completing the analysis of business efficiency in wood processing enterprises for export in the South Central region - 32
Characteristics of the Wood Processing Export Industry Affecting Business Performance and Business Performance Analysis

* The higher the inventory turnover ratio, the better the business is evaluated because the business only invests in low inventory but still achieves high sales.

* Each enterprise can analyze the performance indicators of each business unit of the enterprise to reflect the effectiveness of the overall operation as well as each aspect of economic activities taking place in each business unit of the enterprise. These can be indicators reflecting the effectiveness of investment in technological innovation or re-equipment at the enterprise-wide scale or each department within the enterprise; the effectiveness of each department in managing and implementing the enterprise's business activities; the effectiveness of each production and business decision and performing the enterprise's management function;... Depending on each specific activity, a system of indicators can be built and appropriate performance evaluation can be conducted.

1.6 Meaning and tasks of analyzing business performance of enterprises

1.6.1 Meaning

Business efficiency shows the correlation between output results and input resources used in the business operation of the enterprise. To achieve high business efficiency, enterprises need to maximize output results in the context of their limited resources.

Business performance analysis helps interested parties measure the profitability of a business, which is a decisive factor in long-term financial potential.

– one of the important goals of business operations.

Business performance analysis also helps interested parties measure the effectiveness of business management. The output of the business process depends largely on the capacity, skills, talent and motivation of the administrators.

Managers are responsible for the operations of the enterprise, making financial, investment and business decisions, and developing and implementing the enterprise's business strategies. The success or failure of the enterprise's operations is directly reflected through the analysis of business performance.

Business performance analysis is also useful in planning and controlling business operations. Business performance is analyzed from different perspectives and is synthesized from the performance of each department in the business, so it will be the basis for evaluating and adjusting activities, specific departments in the business and making business plans in accordance with strategic goals for the next periods.

1.6.2 Task of analyzing business performance of the enterprise

To carry out any production and business activity, it is necessary to gather material means as well as human resources and carry out the combination of labor with material factors to create results in accordance with the intention of the enterprise and from there can create profits. Thus, the long-term overarching goal of business is to create profits, maximize profits on the basis of available production resources. To achieve this goal, business management must use many different methods. Business efficiency is one of the tools for administrators to perform their management functions.

Therefore, in terms of theory and practice, production and business efficiency plays a very important and indispensable role in testing, evaluating and analyzing to provide the most optimal solutions and choose the most appropriate methods to achieve the set goals of the enterprise.

In addition, when it comes to production and business activities, managers are concerned with its effectiveness. Therefore, production and business effectiveness plays a role as a tool to perform business management tasks and is also the goal of business management.

Based on the management goals and needs of managers, when analyzing production and business efficiency, it is necessary to build appropriate indicators and indicator systems to provide accurate information for the subjects to make decisions.

appropriate decisions. The task of analyzing business efficiency is considered from all angles such as analyzing the efficiency of asset use, capital use efficiency, cost use efficiency... Depending on the goals of business administrators, they can analyze in detail, make a general assessment, then synthesize to make comments.

CHAPTER 2: CURRENT STATE OF PRODUCTION AND BUSINESS EFFICIENCY OF QUANG MINH TOURISM SERVICES INVESTMENT JOINT STOCK COMPANY

2.1 Company Overview Quang Minh Tourism Service Investment Joint Stock Company

2.1.1 History of formation and development of the Company

2.1.1.1 General introduction about Quang Minh Tourism Service Investment Joint Stock Company

 Company name in Vietnamese: QUANG MINH TOURISM SERVICE INVESTMENT JOINT STOCK COMPANY

 Company name written in foreign language: QUANG MINH TOURISM SERVICE INVESTMENT JOINT STOCK COMPANY

 Abbreviated company name: QMG

 Form: The Company is in the form of a Joint Stock Company, operating under the Law on Enterprises and other current regulations of the Socialist Republic of Vietnam.

 Business registration number: 0201738372

 Head office: Lot 01, Lot 22A, New Urban Area, Intersection 5, Cat Bi Airport, Le Hong Phong Street, Dong Khe Ward, Ngo Quyen District, Hai Phong.

 Facility 1: Lot 01, Lot 22A, New Urban Area, Intersection 5, Cat Bi Airport, Le Hong Phong Street, Dong Khe Ward, Ngo Quyen District, Hai Phong.

 Facility 2: No. 14+15+16 Lot 22B, New Urban Area, Intersection 5, Cat Bi Airport, Le Hong Phong Street, Dong Khe Ward, Ngo Quyen District, Hai Phong.

 Facility 3: No. 25 Le Thanh Ton, District 1, Ho Chi Minh City.

 Phone: 02258603250

 Email: info@theshinehotel.vn

 Website: https://theshinehotel.vn/

 General Director: Mr. Bui Xuan Tung.

2.1.1.2 Formation and development process of Quang Minh Tourism Service Investment Joint Stock Company

Quang Minh Tourism Service Investment Joint Stock Company was established on August 17, 2016 with a charter capital of 48,900,000,000 VND (In words: Forty-eight billion nine hundred million Vietnamese Dong). Business registration certificate No. 0202002802 issued by the Department of Planning and Investment of Hai Phong City with the full name of Quang Minh Tourism Service Investment Joint Stock Company founded by 3 shareholders:

1) Bui Xuan Tung

2) Bui Manh Trang

3) Tran Thi Bup

2.1.1.3 Development stage

 At the end of 2018, the company officially started operating with luxury apartment rental services.

January 3, 2018, the company implemented a plan to build the 4-star The Shine hotel.

In 2020, the company stopped operating luxury apartment rental services and built two 3-star hotels under the brand name The Shine in Hai Phong and Ho Chi Minh City.

 On July 1, 2020, The Shine Hotel came into operation with 137 rooms, with a restaurant on the top floor that can see the whole city of Hai Phong.

 It is expected that by August 2022, 2 3-star hotels in Hai Phong and Ho Chi Minh City will come into operation.

 Starting out as an apartment trading company, after many years of tireless efforts during the turbulent years and the pandemic, what Quang Minh has achieved is truly admirable. Quang Minh is now firmly established as a reputable hotel trading company with a portfolio of products.

Rooms are diverse in type and price, suitable for all customer needs.

2.1.1.4 Achievements of the business

The Board of Directors and the company always keep in mind the criteria:

“Customers are assets”

That is an intangible but invaluable asset for Quang Minh. It is not surprising that Quang Minh's customers have reached quite an impressive number, not to mention the Company's core customers who are foreign experts, business owners as well as employees of large companies coming to Hai Phong for work,... Coming to the Company.

In addition, the company always fulfills its obligations to pay the state budget, constantly expands production scale, improves product quality, creates jobs and stable income for hundreds of employees.

2.1.2 Functions and organizational structure

2.1.2.1 Current functions and tasks of Quang Minh Tourism Service Investment Joint Stock Company

a. Function

Quang Minh Tourism Service Investment Joint Stock Company is a unit whose main function is to do business in accommodation, organize conferences, seminars, and catering. Therefore, the organization of research on customers' needs and desires must be done flexibly to best serve the increasing needs of customers.

b. Mission

Quang Minh Tourism Service Investment Joint Stock Company must conduct business activities to meet market needs, fully implement commitments to consumers regarding products and services, and satisfactorily resolve relationships of interest with business entities according to the principles of equality, mutual benefit, and preservation.

and capital growth, business expansion, environmental protection, production protection, security assurance, safety and social order and compliance with the law, implementation of unified statistical accounting regime and fulfillment of obligations to the State.

2.1.2.2 Organizational structure

Along with performing its functions and tasks, the Company has completed its human resource management and business management apparatus to suit the business characteristics and operating area of its unit. Currently, the Company's operations and organization comply with the current Enterprise Law and the Branch's Charter as follows:

Hai Phong University of Management and Technology