An?earnings call?is a?, or increasingly a webcast, in which a??discusses the financial results of a reporting period via an 800 number and on the internet. The name comes from??(EPS), the bo
management report
Requirements: 2-4 pages
GGU MGT 156
Strategic Management
SPECIAL NOTE:
THESE ASSIGNMENTS ARE COMPLEX.
CRITICAL THINKING IS REQUIRED.
THERE IS NO ONE RIGHT SET OF ANSWERS.
THE REAL CHALLENGE IS TO STATE A RATIONAL, COMPELLING INFORMATION.
USE THE PROFESSOR AS AN OPTIONAL RESOURCE DURING THESE ASSIGNMENTS. SCHEDULE A ZOOM PROFESSOR ZOOM CONFERENCE CALL AS NEEDED.
Signature Assignment #1
EARNINGS CALL ASSIGNMENT Due Week 3
The Earnings Call Assignment is designed to introduce to the Student
Specific industry / company / brand
Metrics, terminology and accepted industry practices.
These concepts will orient the Student to the conventional issues a specific industry, company, brand faces in achieving their financial, operational, legal, technology, marketing and human resources goals.
It is important to understand that there are core cross-industry issues across functional lines, in addition to industry specific issues across functional lines.
Review the Earnings Call description below in detail to understand the assignment.
Use your assigned company.
Listen online to an archived most recent Quarterly Earnings Call from the publicly traded company you selected. I suggest you listen to the Earnings call twice so that you dont miss any information due to audio issues. (Participants tend to talk over each other.)
Identify 4 Strategic Management Initiatives discussed on the conference call.
For each SMI (Strategic Management Initiative) you have identified describe specific tactical steps the company is taking to address the situation.
Identify each of the SMIs as either an Opportunity or Threat / Strength or Weakness based on the SWOT Analysis as described in the course textbook in chapters 3 and 4.
Submit your MS Word document in the appropriate course drop box in Week 5 of the course.
You can email or schedule a conference call with the Professor during this assignment to discuss any and all issues you encounter.
LIST OF 4 STRATEGIC MANAGEMENT INITIATIVES BASED ON EARNINGS CALLS ? MS WORD DOC FORMATS ? This should be the format of your paper. Use a Title page.
Earnings call utilized ? date, source
Strategic Management Initiative
Description
Functional Areas Impacted
Metrics Identified
Current Status
Strategic Management Initiative
Description
Functional Areas Impacted
Metrics Identified
Current Status
Strategic Management Initiative
Description
Functional Areas Impacted
Metrics Identified
Current Status
Strategic Management Initiative
Description
Functional Areas Impacted
Metrics Identified
Current Status
Earnings Call Definition / Links
An?earnings call?is a?, or increasingly a webcast, in which a??discusses the financial results of a reporting period via an 800 number and on the internet. The name comes from??(EPS), the bottom line number in the??divided by the number of shares outstanding. The U.S. based??(NIRI) says that 92% of companies represented by their members conduct earnings calls and that virtually all of these are webcast.?Transcripts of calls may be made available either by the company or a third party (for example, see?).
The calls are usually preceded or accompanied by a??containing a summary of the financial results, and possibly by a more detailed filing under securities law. Earnings calls usually happen, or at least begin, while the??on which the company’s shares are traded is closed to trading, so that all investors will have had a chance to hear management’s presentation before or after trading in the stock resumes. On July 13, 2013, NIRI issued “Updated Standards of Practice For Earnings Release Content”, available to NIRI.org visitors.
Generally, the call will begin with a company official, typically the Investor Relations Officer (IRO), reading a??statement to limit the company’s liability should actual results prove different from expected indicators reported in the discussion. Then one or more company officials, often including the??and?, will discuss the operational results and financial statements for the period just ended and their outlook for the future. The teleconference will then be opened for questions by investors, financial, and other call participants. Management will answer many of these questions, although if the data is unavailable to them, they may decline or defer response. Depending on the size and complexity of the company, the difference between actual and expected results, and other factors, the length of the call will vary.
There is no general requirement for how far in advance notice of a call must be given. However, keeping the investor and analyst communities happy is part of management’s job, so the call will generally be announced a few days or weeks in advance. If the company has a website, then there will probably be a section titled?Investor Relations?or?Investors, where call schedules and archived past calls will typically be posted.
Many companies are tracked by financial analysts that publish estimates of EPS. The company may also provide??as to what EPS are likely to be. If management knows that its results are going to be significantly different from its guidance or from analyst expectations, it may choose to make a??of differing results.
If the call occurs within 48 hours of a press release furnished to the??(SEC) on??and meets certain other criteria there is no obligation to separately report the call to the SEC. Otherwise, it must be reported on Form 8-K. If the call contains non-?information, then there are additional requirements under SEC regulations, including?.
Companies headquartered in the United States with securities traded on a U.S. based stock market or other exchange are required to file audited annual reports with the??(SEC) on??following the end of a??and unaudited reports on??following the end of a fiscal quarter. These companies announce earnings and generally hold an earnings call quarterly.
Some companies with shares traded on foreign stock exchanges also have??(ADRs) that are traded on U.S. exchanges and are required to file Forms??and??with the SEC. (Not all companies with ADRs need to file these forms.) They are likely to have their earnings announcements and calls coordinated with the schedule required in the country where their shares are traded.
External Links to Earnings Call sites.
.?Earnings Cast.?Current and recent earnings calls of public U.S. companies.
.?Morningstar, Inc.?Live and historical earnings call transcripts.
.?Yahoo! Finance.?Audio from many current and recent earnings calls of public U.S. companies.
Additional Links.
.?National Investor Relations Institute.?From U.S. corporate management’s point of view, about how to handle earnings calls.
Earnings Call Grading Criteria / Rubric.
Each Programmatic Learning Outcome ? PLO ? will have the following specific grading criteria and standards to grade the Students mastery of the assignment knowledge.
Specialized Knowledge / Broad Integrative Knowledge (PLO10)
Integrates and applies concepts, theories, strategies, and tactics of business management in the construction of a summative project. Note grading rubric attached.
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