COMPANY : CIMIC GROUP LTD ASSIGNMENT DETAILS You are required to submit a written report (along with the detailed excel calculations) by analysing the financial health and accounting quality of your...

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Answered 7 days AfterApr 27, 2021FIN5FSALa Trobe University

Answer To: COMPANY : CIMIC GROUP LTD ASSIGNMENT DETAILS You are required to submit a written report (along with...

Himanshu answered on May 05 2021
156 Votes
Introduction
CIMIC Group
With a tradition dating back to 1899, CIMIC Group is a pioneer in engineering-led manufacturing, mines, services, and public-private collaborations. Cimic Group combines a range of knowledge and skills to reinforce insights, develop modern world technologies, and deliver long-term benefit through asset, infrastructure, and resource programmes (Cimic Group, 2021)
Mission and Principal statement of the companies are as follows:
CIMIC Group's goal is t
o ensure secure, lucrative, and satisfying careers for the employees while achieving sustainable returns for the shareholders (Cimic Group, 2021)
The mission of CIMC is underpinned by four principles by which they live and work:
· Integrity: be fair and frank with staff, customers, partners, vendors, shareholders, and other stakeholders within the organization.
· Accountability: dedicating towards the responsibilities.
· Innovation: Consistently adapting and changing in preparation for the future.
· Delivery: enhancing the capacity to perform in order to boost brand image and legitimacy.
Cimic provides a robust set of rules, practises, and protocols in place around our activities that include general operational parameters for the companies, including corporate compliance, integrity, and financial and risk control. This involves establishing financial controls, performing corporate audits, and offering investment and acquisition summary. Risk management is an important component of the Group's overall growth approach and has contributed significantly to its performance. The Cimic Risk management approach is customised to the market, integrated mostly within internal frameworks, and consistent with both short and long-term goals.
Business Strategy Analysis
Strategy of the companies is as follows:
The operation strategy of the CIMIC group is focused on the creation of an investment of compatible strengths through assets, technologies, and capital to accelerate ideas and increase actual objective – the basis for expansion. A prudent commitment to threat control and a focus on capital structure are core facets of their agenda, which is supplemented by careful resource deployment and is often undergirded by an unwavering emphasis on protection. Renovation, exploration, resource production, services, public-private collaborations, and engineering are among the activities of the CIMIC group. According to their website:
The companies' size generates efficiencies of opportunity and reinforces their roles in their target divisions. They are widely varied in terms of business sector, activity, geology, customer form, contract type, length, and period. The company's strategic size and scope, along with their strong balance sheet, places them in a strong position to capitalize on incremental and proactive growth opportunities in their various markets.
Clients benefit from the company's simplicity by receiving streamlined services that cover everything from advisability, architecture, planning, and acquisition to production and renovation logistics, repairs, enhancements, and investment property tracking and restoration and dismantling. The Group separates itself by offering a complementary suite of expertise over the lifespan of a client's asset, technology, or services initiative. Using their proven skill sets, they are constantly trying to grow in Australia, Asia Pacific, and other strategic regions around the world.
The growth of multiple income streams and the production of cash-backed revenues are essential ingredients of the business 's approach This reduces uncertainty and risk thus generating long-term returns. Short-term programmes are complemented by medium-term and long-term projects. Common systems and processes underpin CIMIC group’s activity-focused businesses. This promotes innovation and knowledge sharing while adhering to a strict governance framework. All Group activities are propelled by the values of Fairness, Responsibility, Advancement, and Execution, which are supported by Safety (Cimic Group, 2021)
Porter Five (5) Forces Analysis for the Capital Goods Industry by Cimic Group Limited
The Porter Five (5) Forces Analysis is a corporate strategy method used to assess an industry and consider the fundamental profitability mechanism. Cimic Group Limited is a well-known Australian firm in the Capital Goods sector. Cimic Group Limited has modified the styles of performing business in the Capital Goods market over the years. Cimic Group Limited is listed in the stock market with the ticker symbol CIM on the (ASX) Australian Securities Exchange (Mind Tools, 2021)
Five Forces That Shape Strategy," Michael Porter identified five forces that have a direct effect on a firm's profitability in the market in which it works. The Porter Five (5) Forces...
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