Premium Essay

Operational Risk Assessment of Pilgrim

In: Business and Management

Submitted By yolliu
Words 4457
Pages 18
INTRODUCTION
The following report provides a detailed assessment of formal operational risk disclosure in relation to the vertically integrated poultry producer Pilgrim’s Pride Corporation (PPC). Overall PPC establishes fair reporting of operational risks, however, these disclosures will be evaluated based on the risk related information formally disclosed in the company’s financial statements in contrast with evaluation of risk present considering bias of company risk measurement as well as assessment of risk applicable as determined from informal and third party sources. This report will specifically analyze risk in this way in regards to market risk, supply chain risk, country risk and environmental risk applicable to and disclosed by PPC.
MARKET RISK PPC experiences significant to market risk in its operations. The following analyzes this risk in regards to its three main components: competitive rivalry, segments and seasonality.
Competitive Rivalry PPC recognizes competition as a significant risk to its operations in its 2012 10-K. The company notes that the market remains fairly concentrated, with the four main chicken producers accounting for over 50% of the US industry’s market share. The company also discloses that it operates as the second largest in the US with a market share of 17.4%.1 As a result PPC discloses this market concentration and competitive rivalry as significant risk factors to the company. PPC does not disclose any additional data for the analysis of this risk in its 10-K. This is not uncommon, however given a company’s financials focus primarily on that company. According to informal company disclosures in PPC’s 2012 fiscal year-end earnings the company has seen significant improvement recently in its competitive positioning. According to Bill Lovette, COE of PPC, the company achieved its operational goal of attaining

Similar Documents

Premium Essay

Not Uploading

...Pay for Performance Incentive Programs in Healthcare: Market Dynamics and Business Process Executive Briefing AUTHOR Geoffrey Baker, MBA President, Med-Vantage® Inc. 1 California Street, Suite 2800 San Francisco, California 94111 CONTRIBUTORS John Haughton, MD, MS Founder, DocSite LLC 540 Main Street Winchester, Massachusetts 01890 Peter Mongroo Director, Healthcare Industries Markets Oracle Corporation 500 Oracle Parkway Redwood Shores, California 94065 A Research Report sponsored by ViPSSM, Inc. in partnership with Med-Vantage® 2003 Table of Contents Introduction.......................................................................................................................2 Goals and Motivations behind Pay for Performance..................................................................4 Market Adoption .................................................................................................................5 Funding and Incentives .......................................................................................................7 Measuring Performance: Physicians and Hospitals..................................................................10 P4P Operations and Business Processes for Health Plans.........................................................12 Key Lessons Learned and Critical Success Factors ..................................................................14 Conclusion...........................................................

Words: 6876 - Pages: 28

Free Essay

Risk Management

...Ongoing Concern: Risk Management at Pakistan International Airlines1 Ch. Ahmed Mukhtar, Chairman Pakistan International Airline Corporation (PIAC) was reading the final version of the PIAC audited annual report. He immediately called the Managing Director, PIAC to arrange a meeting to discuss the auditor’s report. The particular part of auditors’ opinion that caught his attention was the following: “We draw attention to note 1.2 to the unconsolidated financial statements, which states that the Corporation incurred a loss of Rs. 26,767.207 million during the year ended December 31, 2011, resulting in accumulated loss of Rs. 119,016.727 million as of December 31, 2011, and as of that date, the Corporation’s current liabilities exceeded its current assets by Rs. 88,221.403 million. These conditions indicate the existence of a material uncertainty which may cast doubt about the Corporation’s ability to continue as a going concern. Our opinion is not qualified in respect of this matter.” The agenda of the meeting was quite clear i.e., how to keep PIA solvent. PIAC Brief History2: In 1946 Quaid-e-Azam Muhammad Ali Jinnah realized the need for an airline network for the forming country and ask for the help of an industrialist Mirza Ahmad Ispahani to develop a flag carrier for the nation. Meanwhile, an airline called “Orient Airways”', registered in Calcutta, was formed on 23 October 1946. In May 1947 the airline was granted a license to fly. This was the first post-war airline flight...

Words: 8250 - Pages: 33

Free Essay

Ewhsw

...Reliance   |Growth through Vision | | | |"Growth has no limit at Reliance. I keep revising my vision. | |Only when you can dream it, you can do it." | | | |Dhirubhai H. Ambani | |Founder Chairman | |Reliance Group of Companies | |  | | |  | Reliance    |[pic] |[pic]...

Words: 10739 - Pages: 43

Premium Essay

Overall Banking Activities of Exim Bank Ltd., Bangladesh

...“Overall Banking Activities of Export Import Bank of Bangladesh Limited” PREPARED FOR Shah Md. Abdul Bari Sr. Vice President Human Resources Division [pic] PREPARED BY Md. Mahmud Hossain Khan ID No. MBA 03007833 [pic] Submission Date – Letter of Transmittal Date: To Ms. Farhana Diba Lecturer Department of Business Administration Stamford University, Bangladesh Subject: Submission of Internship Report. Dear Sir, It is my great pleasure to submit internship report on the project titled “Overall Banking Activities of Export Import Bank Ltd.”. I have tried my level best in order to analyze this topic based on all the recent updated information as much as possible. I have gathered a lot of practical experience about the activities from Banking Services, during my internship period. It was interesting to gather some knowledge about the Banking Sector in Bangladesh. I have tried my level best to make this report an outstanding one. But still there might be some shortcomings regarding this report. I will whole heatedly welcome any suggestion to improve this report. I hope all of you will forgive flaws. Sincerely Yours, Md. Mahmud Hossain Khan ID No. MBA 03007833 Stamford University of Bangladesh CERTIFICATE This is to certify that the internship on EXIM Bank Limited titled “Overall Banking Activities...

Words: 13176 - Pages: 53

Premium Essay

Site Selection Criteria for Theme Park

...CITY DEVELOPMENT PLAN FOR VARANASI (JNNURM) Municipal Corporation, Varanasi Final Report, August 2006 City Development Plan for Varanasi Executive Summary 1.0 Introduction Urban centres have a vital role in India’s socio-economic transformation and change. Urban centres account for 30% of the total populace, notwithstanding, most cities and towns are severely stressed in terms of infrastructure and service availability, and their growth and development is constrained by indifferent implementation of the 74th Constitution Amendment Act (CAA), 1992. The Government of India launched the JNNURM in December 2005. The Mission aims at encouraging cities initiate steps to bring about improvement in the existing service levels in a financially sustainable manner. The ever-increasing number of slum dwellers causes tremendous pressure on urban basic services and infrastructure. In order to cope up with massive problems that have emerged as a result of rapid urban growth, it is imperative to draw up a coherent urbanisation vision and strategy for implementation of projects aimed towards achieving the outlined vision. The aim of the Mission is to encourage reforms driven, fast track, planned development of identified cities with focus on efficiency in urban infrastructure and service delivery mechanisms, community participation, and accountability of Urban Local Bodies (ULB)/ parastatal agencies towards citizens. The JNNURM consists of two sub-missions – The...

Words: 9573 - Pages: 39

Free Essay

Law Report

...Contemporary Privacy Issues Report Introduction Privacy is one of the fundamental human rights, every individual should have full control over their personal information. However due to the continuous evolution of society and technology, the importance of a person's right to privacy has been eroded. This report discusses the contemporary privacy issues on different levels and areas, with specific focus on credit reporting, protection of customer’s private information by businesses, health records, internet data and government intelligence access to information. Sections of the current Privacy Act 1988, the new Australian Privacy Principles 2014, and legislations related to the topic areas mentioned above will also be discussed in detail, and the effectiveness of these laws will be analysed. A person's credit history contains a vast amount of personally sensitive information which have a high commercial value, therefore it is extremely important to ensure businesses adhere to the privacy act to prevent the unauthorised use of these information. Any misuse of information can cause great personal and financial harm to the victim. Privacy of health information is fundamental principle in health care. Lack of privacy information might result in people not seeking the health care they need which might be very risky to their own health and the health of others. The rate of technological development is accelerating too quickly and current laws are becoming irrelevant...

Words: 11809 - Pages: 48

Premium Essay

Gewrwrf

...gether Towards a Safer India Part-III To A textbook on Disaster Management for Class X A Stride Ahead CENTRAL BOARD OF SECONDARY EDUCATION PREET VIHAR, DELHI - 110092 Together Towards a Safer India Part III A Stride Ahead A Textbook on Disaster Management for Class X CENTRAL BOARD OF SECONDARY EDUCATION PREET VIHAR, DELHI - 110092 TOGETHER, TOWARDS, A SAFER INDIA PART-III A textbook on disaster management for class X FIRST EDITION 2005 REVISED EDITION 2006 © CBSE, DELHI Acknowledgements CBSE Advisors: Shri Ashok Ganguly, Chairman, CBSE. Shri G. Balasubramanian, Director (Academic), CBSE. Editors: Shri R.K. Singh Joint Secretary, Ministry of Home Affairs, Govt. of India Shri Saroj Jha, I.A.S Director (Disaster Management), Ministry of Home Affairs, Govt. of India. Authors: Prof A.S Arya, Shri Ankush Agarwal and Shri Arvind Nagaraju Shri Anup Karanth Dr. Kamla Menon and Ms. A. Venkatachalam Ms. Balaka Dey Shri Hemang Karelia Ms. Malini Narayanan Coordinator: Ms. Sugandh Sharma, Education Officer, CBSE. Price: Published By: The Secretary, Central Board of Secondary Education, ‘Shiksha Kendra’, 2, Community Centre, Preet Vihar, Delhi-110 092 Design, Layout & Illustration By: Spectrum Media, 3721/5, IInd Floor, New Delhi-110 002 Phone : 011-23272562 Printed By: Contents Foreword For Students Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Introduction Tsunami – The killer sea waves Survival Skills Alternative Communication Systems…...

Words: 20913 - Pages: 84

Premium Essay

Marketing Plan Johnson&Johnson

...Part 1: Purpose and Mission 1.1.Purpose A marketing plan aims to support the strategy for a company and its products/services. Planning is essential in all organisations and company plans should be documented. Each department in a firm will usually have a plan detailing what their objectives are and how they plan to achieve them. All plans must support the overall corporate objectives of the organisation, irrespective of individual department aims.  Johnson & Johnson is a company of enduring strength. They've been privileged to play a role in helping millions of people the world over be well and stay well through more than a century of change. As the science of human health and well-being has grown, they've been able to grow along with it. Even more important, we've helped shape and define what health and well-being means in everyday lives. Their products, services, ideas and giving now touch the lives of at least one billion people everyday. 1.2.Mission Nothing is more important than the health and well-being of those we love. That’s why the Johnson & Johnson Family of Companies for more than 125 years has committed itself to caring for people. This commitment is embodied in The Credo, which speaks to “our first responsibility” to the doctors, nurses, patients, the mothers and fathers and all who use our products. In today’s highly competitive global marketplace, it is also essential that the company focus on the critical drivers of...

Words: 6790 - Pages: 28

Free Essay

Information Technologies

...F ROM Y E STE RDAY TO THE FUTUR E True to our commitment to continuously provide excellent service and compelling value propositions to our customers, we at Pos Malaysia are going through rapid changes. We are realigning our priorities, focusing our efforts on improving our operations and becoming more customer-oriented than ever. We believe that the strategic transformation we manage today, is not only for us to become relevant and sustainable tomorrow, but most importantly it will deliver superior shareholder value to you. As always. Profitability Profit before tax Operating margin EBITDA margin Return on assets Return on equity Balance Sheet Total assets Total equity attributable to equity holders of the company Current ratio Staff Information No. of staff Staff costs to revenue Revenue per employee % RM’000 RM million RM million times RM million % % % % 2010 99.1 10.4 16.0 8.0 8.1 2009 109.3 9.1 14.5 5.9 9.6 2008 (0.5) 9.4 13.7 6.2 (4.4) 2007 15.5 11.8 16.9 7.9 (3.9) 2006 155.9 13.2 18.0 8.1 11.5 1,375.2 828.6 1.4 1,274.6 799.6 1.2 1,537.8 764.5 1.1 1,247.1 859.4 1.3 1,326.0 938.0 2.2 15,618 55.1 65.0 15,780 56.8 57.2 16,125 55.7 57.2 15,777 53.1 54.5 15,425 52.2 53.2 2 Pos Malaysia Annual Report 2010 Group Financial Highlights Pos Malaysia Annual Report 2010 3 4 Pos Malaysia Annual Report 2010 Business Highlights BUSINESS REVIEW • Revenue : RM624.3 million (up 17.0%) 2010 ACCOMPLISHMENTS ...

Words: 50839 - Pages: 204

Premium Essay

Relationship of Open High School Program to the Performance of Private and Public Secondary Schools in the Division of Quezon

...THE RELATIONSHIP OF OPEN HIGH SCHOOL PROGRAM TO PERFORMANCE OF PRIVATE AND PUBLIC SECONDARY SCHOOLS IN THE DIVISION OF QUEZON A Dissertation Proposal Presented to The Faculty of the Graduate School Polytechnic University of the Philippines Sta. Mesa, Manila In Partial Fulfillment of the Requirements for the Course RSH 710 - Seminar in Dissertation Writing 2 By Mark Anthony R. Malonzo May 2015 CHAPTER 1 THE PROBLEM AND ITS BACKGROUND Introduction The global education agendum is EDUCATION FOR ALL. In the Philippines, it has been a struggle from the time when formal education was first introduced. The 3 major concerns always revolve around the three issues of ACCESS, QUALITY AND EQUITY. Asking how these three are addressed by the Government is a never-ending endeavor for all the education service-providers and stakeholders. One of the major socio-economic and political milestones in the history of Philippine Educational System is the advent of ASEAN Integration 2015. As brought about by this Economic Integration, the enhancements that the educational system in the country has been undergoing, primarily aim to refine quality, improve access and maintain equity in education. Still, the major concerns that the education sector faces is the low participation rate and increasing dropout rate specifically in the secondary level of education. The data also support that there is 46,404 ES and 12,878 HS ratio...

Words: 40505 - Pages: 163

Premium Essay

Ddddd

...Supply Chain in the Food Industry by Abdelrahman Ahmed El-Hefny Bachelor Thesis submitted to the Operations Department at the Faculty of Management & Technology German University in Cairo Student registration number: 16-1841 Date: 29th May 2012 Supervisor: Professor Dr. Ehab Yaseen Table of Contents Table of Contents ............................................................................................................. ii Table of Tables ................................................................................................................ iv Table of Figures ................................................................................................................ v Abbreviation List ............................................................................................................. vi 1 Introduction .............................................................................................................. 1 2 Literature Review ..................................................................................................... 3 2.1 Overview on the Supply Chain..................................................................... 3 2.1.1 Definition of the Supply Chain......................................................... 3 2.1.2 Types of Supply Chain ..................................................................... 4 2.1.3 Supply Chain Processes ..........................................

Words: 9874 - Pages: 40

Premium Essay

Gaurav

...9690010114 Yogendera sharma CONTRIBUTED PAPERS A41, Thursday, December 28, 4:00-5:30 P.M. Session: Case Studies - I Session Chair: Prashant Kulkarni Institute of Finance and International Ma 418 Global Marketing and Challenges for Future: Franchising in Banks K. Ravichandran, Gandhigram Rural University, drkravichandran@yahoo.co.in R. Muruganandham, Sudharsana Raamanujan, R, P. Nandakumar, M. Sasi Siddharth Thiagarajar College of Engineering, vr_muruganandham@hotmail.com, siddharth_mss@sify.com raamanujan@gmail.com, nandacivil@gmail.com The global economic scenario is undergoing a major innovative metamorphosis at a rate never experienced before. All organizations have their brands to face the global marketing challenges to secure a role of leader in this state of economic revolution. Our paper identifies the current marketing challenges and global economic threats for service industries. Besides our paper also explores the management strategies to overcome these challenges in the liberalized economy. The banking service is considered, where the franchising marketing strategies, introduction of new products and delightful customer service by new private sector banks and foreign banks pose a serious threat to the existence and survival of public sector banks profitwise. Hence our paper deeply discusses the benefits of e-banking with a view to minimize transaction cost cum operating expenses thereby increasing the overall net profit...

Words: 23823 - Pages: 96

Free Essay

Student

...Total Quality Management has been considered as one of the most significant management innovation of the 20th century. TQM is based on quiet native and traditional views of an organization but it has had a major influence on the contemporary management practices. TQM role and concepts are examined based upon how an organization will meet its mission and the definitive objective for long term survival. Organization‘s main concern is how to achieve organizational goals & long term survival, it depends on multiple factors. The very basic level of organizational survival is based on the internal integration and the process of external adaptation. The first section of the report presents the articles on which our study is based, the second section of the study is the introduction of the organization, and the third section shows the passenger survey and questionnaire. Fourth section results explorations and investigates of the challenges and problems which the national carrier PIA (Pakistan International Airline) is facing while implementing TQM. The findings and results advocate that Total Quality Management System should develop itself with the changing internal and external environment. Some strategies have been by us which would improve the performance of the organization and help it to cope up with the challenges. At last, our research conclusion & there also recommendations were made which are helpful for the organization (Pakistan International Airline)...

Words: 7870 - Pages: 32

Free Essay

Pia Problems & Strategies Tqm

...Total Quality Management has been considered as one of the most significant management innovation of the 20th century. TQM is based on quiet native and traditional views of an organization but it has had a major influence on the contemporary management practices. TQM role and concepts are examined based upon how an organization will meet its mission and the definitive objective for long term survival. Organization‘s main concern is how to achieve organizational goals & long term survival, it depends on multiple factors. The very basic level of organizational survival is based on the internal integration and the process of external adaptation. The first section of the report presents the articles on which our study is based, the second section of the study is the introduction of the organization, and the third section shows the passenger survey and questionnaire. Fourth section results explorations and investigates of the challenges and problems which the national carrier PIA (Pakistan International Airline) is facing while implementing TQM. The findings and results advocate that Total Quality Management System should develop itself with the changing internal and external environment. Some strategies have been by us which would improve the performance of the organization and help it to cope up with the challenges. At last, our research conclusion & there also recommendations were made which are helpful for the organization (Pakistan International Airline)...

Words: 7870 - Pages: 32

Premium Essay

A Comparative Study on Mercantile Bank Limited, Bangladesh

...the topic since I am also serving in Bank. I have tried my best to make the report comprehensive and acceptable. Please, do call me for any clarification regarding the report, if required. Thanking you. Sincerely yours. Md. Helal Uddin Electronic copy available at: http://ssrn.com/abstract=1010549 INTRODUCTION The Trade Finance is science that describes the management of money, banking, credit, investments and assets for international trade transactions. Companies involved with trade finance include importers and exporters, financiers, insurers and other service providers. Credit Risk Management needs to be a robust process that enables Banks to proactively manage loan portfolios in order to minimize losses and earn an acceptable level of return for shareholders. A comprehensive IT System is essential which should have the ability to capture all key customer data, risk management and...

Words: 18330 - Pages: 74