7% compared to 2012, with a net profit margin slightly above the average at 10.45% compared to the industry average at 10.34% (MSN Money 2013)
Over the last decade many input costs have increased, but the firm has undertaken actions that have created internal efficiency and supported profitability. One of these strategies is the constant reviewing of the outsource suppliers which manufacture the majority of the good sold under the Nike brands, currently 42% of the goods are manufactured in Vietnam, 30% in China and 26% in Indonesia (Nike, 2013)
The importance of the long-term goal setting and objective setting can be seen by looking at a successful firm such as Nike. Nike is a well-known sports brand, it has been highly successful and in the last ten years the revenue of the firm has more than doubled, and the earnings per share have been increased by an average of 15% per annum (Parker, 2013)
As part of its efforts towards revitalizing the growth of its cash flow and profits, Wal-Mart is currently pursuing three strategic initiatives that have positive impacts on price-to-earnings. These three major strategic planning initiatives for Wal-Mart are its entrance into e-commerce sector, acquisition of critical mass in its global segment, and its capture of more domestic market share (Daris, 2012)
As evident in this analysis, these initiatives have a significant impact on financial planning of the company. References: Daris, M. (2012, March 26)
These managers have the training and resources to keep abreast of and adjust to market changes." (Garrett, 2008 P
While top performing managed funds receive five stars, the worst performing managed funds receive one star. (Morningstar Research, 2013)
9 billion at the end of the 2015 fiscal year. (Annual Report, 2015)
The responsibilities are to design effective financial and budget plan for BHP Billiton to assist the company to improve its financial capability in the forthcoming fiscal years. (Morning Star, 2015)