Feasibility Of Supplementing Financial Indices In Questionnaire For Firms Foundation
- This is a preview of the essay.
To view the full text you must login!
Introduction
This essay bases on Firms Foundation that provides a panoramic snapshot of the business strategies, practices and performance of New Zealand firms (Firm Foundations, p11), being conducted by the ministry of Economic and Development, and the survey that is administrated by Statistic New Zealand in the way of questionnaire. There are fifteen aspects to be asked in a questionnaire for the survey and six areas to be focused on in Firm Foundations. The Firm Foundations is one of the most comprehensive and extensive studies of business to be undertaken in New Zealand (Firm Foundations: Questions and Answers, 2002,12). Its key purpose is to valuate the ability of New Zealand business across a range of indictors including: Leading and Planning, Employee Practices, Customer focus, Quality and Supplies focus, Innovation and Technology, and Information and Benchmarking, which are consistent with the norms used popularly in the world. However, some disadvantages exist in the study and in the context of the survey. They are lack of more detailed researches on access to financial issues. In this essay, I will try to find some financial factors that could be added into the questionnaire in order to arrive at the purpose that make the study more efficient and effective.
Supplementary In the Area of Operating Performance
The content of operating performance is involved in part 12, 13 and 14 of the Questionnaire, but just few financial indices are asked, such as cost of equity, net cash situation, and so on. These indices cannot cover the content of financial issues and reflect the real performance in finance area. So other important indices should be necessary to investigate and be the statistical data for the further study...