Monday, September 23, 2019
Managing Financial Resource and Performance Assignment
Managing Financial Resource and Performance - Assignment Example Different stakeholders have competing and sometimes even conflicting interests with the company. It is the job of the company to ensure that a proper balance is strike between the two types of interests (Reeve, Warren and Duchac, 2012). Government: The government is concerned with the compliance o food grade standards and production quality maintenance of Coca Cola Company. Coca cola has to make sure that the food produced is of highest quality and complies with the adherence standards of the regulatory norms. Creditors: for the benefit of its creditors which include company distributors and vendors, the company organizes creditor meetings and also conducts regular surveys through distribution satisfaction survey. Training programs educate on the manner of sales and distribution is conducted at regular intervals by the company at its various head offices (CCI, 2010). Suppliers: for the benefit of suppliers and for engagement in sustainable relationships with the suppliers and contractors of the company, Coca Cola Company conducts Improvement Audits on a regular basis. It also organizes regular training programs among its suppliers for proper and standardised sourcing of ingredients for its produce. Plant visits educate suppliers about their quality standards and compliance level expected off them. Media: For the media, the company has regular publications of annual reports, press releases and CRS reports. The analysts can also come to investor conferences and analyst meetings when they are held. On any occasion the media can contact the company of the CCI Corporate Website and put their queries through the Online Feedback forms. Regulatory Bodies: the regulatory bodies are concerned with the environment friendliness of the production and waste disposal processes undertaken by the company. The production line and waste management teams of the operations department at Coca Cola have to assure that all
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