Political Ideology 4 Political Ideologies Political ideologies are the ethical ideals, philosophies, mythologies, or doctrines contained in a particular society or community that defines how the people in the organization are going to work. The political ideologies are mostly concerned with how authority is distributed and how it should be applied. Conservatism- is a situation where customary social organizations rule in terms of beliefs and development without any government intervention. Traditionalists are seeking the preservation of a range of traditions, such as governing systems, property ownership, and beliefs (Heywood, 2017). Democracy- this is the type of society which is governed by the individual who is elected representatives.

These societies always participate in public voting in electing those representatives. Liberalism- this is a kind of government system where individuals have freedom and rights such as freedom to speech, rights to state protection, and equality. The primary values of liberalism are rationalism, democracy, individualism, and justice to all. Socialism- is a kind of social system and economic systems that is being categorized by social ownership on the process of production and individual’s self-management. This principle entails distribution, production, and exchange of the property.

Anarchism- this is a society where there is no government where there are no rules and regulations that govern the individual. The people are being governed by self-control. Autocracy- is a system of government where political power is held by one person who makes unregulated decisions. The decision made is always the final and cannot be changed. References Heywood, A. (2017). Political ideologies: An introduction . Macmillan International Higher Education. For completing this assignment successfully, you must read carefully the assignment brief to ensure that you address all of the requirements of the assignment. A strong assignment submission must include the following: Relevance Good Portion of Knowledge Consistent Analysis Argument Structure Critical Evaluation Good Presentation Reference to Literature In order to complete this activity you need to consider the following: (1) Utilise academic research using literature from journals, books, Google Scholar, etc. – Do not use unreliable sources such as Wikipedia, Investopedia, blogs or other non-professional or non-refereed articles.

At this level of study it is expected that you use a wide-range of sources to support your discussion and analysis. (2) Undertake a critical evaluation making effective use of evidence and sources (3) Present findings in an appropriate format (ensure that Harvard referencing is used) You have recently attended a workshop aimed at improving your understanding of company Annual Reports using Tesco’s report as an example. During the workshop you looked at the following sections of Tesco’s annual report: ï‚§ï€ The Strategic Report including the Environmental and Social Review, ï‚§ï€ The Corporate Governance Report and, ï‚€ï€ The Group Statements of: ‘Income’ (also sometimes referred to as the Statement of Profit and Loss) ‘Balance Sheet’ and ‘Cash-Flows’.

You learned about how different ‘stakeholders’ may use the information contained in these reports and financial statements. You also learned about financial ratios and how these can be used to interpret and assess the performance of a business in terms of its profitability, liquidity, efficiency and return to investors. The timing of the workshop was very fortuitous. You are the Purchasing Manager for the business you work for. You are in the process of letting a contract for the supply of an important component used in your business’s production.

You have been provided with the financial statements of Benedict Co. who are one of a few companies tendering for the contract. The income statement and statement of financial position have been reproduced below. As well as reviewing the financial statements of Benedict Co. from a potential customer perspective, you are interested in how the company may be viewed by potential investors, lenders and suppliers. You have also collected the following information about other companies operating in the same sector as Benedict Co.: Current ratio: 1.6 Quick ratio: 1.0 Trade receivable days: 55 days Inventory days: 60 days Trade payable days: 90 days Dividends of $4.5 million were paid in 20X1 and $3.6 million in 20X0.

Shares in Benedict Co. had a market value of $5.60 at 31 January 20X1 compared to $3.60 in 20X0. Benedict Co. has issued 18 million $1 shares. Required: Prepare a report for your manager which: 1) Using the Annual Report of Tesco available at the following link: a) Explains the term ‘stakeholder’ and identifies three types of stakeholder of Tesco. (15%) b) Analyses how the Environmental and Social Review and the Corporate Governance Report help Tesco demonstrate its performance in terms of its corporate and social responsibilities to two of the stakeholders identified in a) above. (35%) 2) Analyses and evaluates the financial position of Benedict Co. using a range of financial ratios to meet the requirements of potential customers, investors, lenders and suppliers.

Your analysis should: a) Explain the purpose and relevance of the chosen ratios. b) Include the results for each chosen ratio and reasons for the movement between the two years. c) Highlight any aspects of the performance of Benedict Co. which would give cause for concern. d) Critically evaluate the application of financial ratios in interpreting and measuring the performance of a company. All calculations should be shown in full as an appendix to the report. (40%) Marks are available for the presentation of your report including structure, style and the presentation of referencing. (10%) Total 100%