Analysis of Nokia's and Motorola's Annual Reports Essay
Prior to beginning work on this discussion, read Chapter 10, Chapter 11, and Chapter 13 from your textbook; review the website AnnualReports.com (Links to an external site.); and review the Week 4 Weekly Lecture.
Go to AnnualReports.com (Links to an external site.) and review the annual reports recently released by two corporations in the same industry. Review each report and discuss the issues listed below.
In your paper,
Describe organizational differences that you see in how each corporation discusses its annual performance.
Explain how clearly the data is or is not presented for enabling shareholders to draw conclusions about how well the company performed.
Explain what goals, challenges, and plans top managers emphasize in their discussion of results.
Describe ways the format and organization of each report enhances or detracts from the information being presented.
The Annual Report Formats paper
Must two to three double-spaced in length (not including title and references pages) and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style (Links to an external site.)
Must include a separate title with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted
For further assistance with the formatting and the title page, refer to APA Formatting for Word 2013 (Links to an external site.).
Must utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance.
Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
For assistance on writing Introductions & Conclusions (Links to an external site.) as well as Writing a Thesis Statement (Links to an external site.), refer to the Ashford Writing Center resources.
Must use at least three scholarly or credible sources in addition to the course text.
The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
To assist you in completing the research required for this assignment, view this Ashford University Library Quick ‘n’ Dirty (Links to an external site.) tutorial, which introduces the Ashford University Library and the research process, and provides some library search tips.
Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper (Links to an external site.)
Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List (Links to an external site.) resource in the Ashford Writing Center for specifications.
Analysis of Nokia's and Motorola's Annual Reports
BUS 340: Business Communications
Analysis of Nokia's and Motorola's Annual Reports
An annual report is a comprehensive report that analyses a particular company's activities and evaluates the challenges, goals, and plans of the company. These reports are essential because they allow the shareholders and people in charge of the company to know whether the company is performing well or not. Analyzing the annual reports of Nokia and Motorola seeks to explain the two companies' performance, their coping strategies, and their plans. The two companies' reports differ because of the structure and the way every piece of information is delivered. Motorola's report is pervasive, and it is divided into various segments that address the issues that the company experiences. On the other hand, Nokia's report lacks explanations of the challenges that the company experiences.
Nokia's data is well presented and offers the shareholders' points of reference when making their decisions. Every detail is accounted for, and all the figures are well presented, making it easy for shareholders to know the strengths and the weaknesses of the company (Sanso, 2016). How the data was collected and analyzed is considered efficient because the people who gathered the information seemed to have done it using the correct procedure. On the other hand, Motorola's annual report is also extensive, and it acts as the perfect point of reference for shareholders and other investors. The report has included the different areas that pose a risk and the main areas that act as its stronghold. The report contains figures that show the expenses, losses, and profits that the company had during that year (Dean, 2014). The profits and the expenditures are compared, which helps the shareholders know how the company has performed.
There are specific challenges that are common to both companies because they serve the same market. The market that they serve is highly competitive because many people use the products that they produce. However, people will choose the products that offer the same services at a lower price. The other challenge is tha...