Annual Reports for Organization Essay Example | Topics and Well Written Essays - 1000 words

Annual Reports for Organization - prove ExampleEven the clarity of the cultivation and the data presentation will be analysed through the one-year reports of the concerned companies. The analysis is generally based on the annual reports because by analysing it we can come to the finality that whether the operational and financial activities are in tandem with the policies laid for the same (Weng, 2011, p.9). Difference in the snuggle each organization presents in its annual performance Steel industry is very popular as far as occurrences of fatal injuries are concerned in factories. therefrom Arcelor Mittal has improvised the steps in the prevention of the fatalities and injuries of the workers because this also leads to increase in the LTIFR (lost time injury frequency rate). So health and guard duty has been the chief(prenominal) focus in the present annual report of the company. Since the prevention measure has already been achieved by US Steel they are targeting a zero LTIFR. In the recent annual report the main focus of US Steel Corp. is the investments made for coke and coke substitute products which will take explosive charge of both their purpose of long-term self sufficiency as well as environmental performance. Thus both the companies area of focus is different from the other in the sense that while Arcelor Mittal is overmuch concerned about the preventive measures US Steel is concentrating towards the achievement of the environmental performance. Clarity of data presentation and information Presentation of data and information is more systematic and is clearer in Arcellor Mittal as compared to US Steel Corp. dissimilar department of the steel industry has been bifurcated in the annual report of Arcelor Mittal and a proper chronicle follows the same which can be even understood by the investors who may not have a good deal idea about the steel industry. The data sufficiently supported by charts makes the presentation of Arcellor Mittal much more acceptable in comparison to US Steel Corp. In US Steel Corp the data though presented in tandem with the information is not easily understood by investors not having much knowledge in this field. Thus Arcellor Mittal is clearer than US Steel Corp. with respect to data presentation and information. Goals, Challenges and Plans emphasised by the organisation in their discussion The study of Arcelor Mittal gives a clear understanding regarding its goals which are, to be the safest steel and archeological site company in the world, to be the most preferred supplier in iron-ore and coal industry with extensive customer base and long duration of contracts, strengthening linkage between company and its employees, to lead in the field of manufacturing, processing and marketing of steel and all metallurgic products. The main challenges of Arcellor Mittal is in maintaining reliable records related to safety of the employees, reviewing the cost structure of the company on a regular basis, work more intimately with upstream businesses to manage stocks better in order to reduce the cyclical volatility of the company in the share market. Recruitment of right personnel for the correct designation at right time is other challenge faced by the company and lastly lack of transportation infrastructure and environmental concerns may be a debacle for the company. The plans of Arcelor Mittal to be