In 1 to 2 pages, explain to Stan how you plan on running the company over the next two years.
Assignment Details: There are two sections to this assignment:
1) The ‘Stan Sloane Letter’, and
2) The Annual Report
The ‘Stan Sloane Letter’. HISCO’s owner, Stan Sloane, is very happy that he decided to hire you to help turn the company around. He is interested in having you stay on with the company. However, he will need assurance from you that you are committed to continuing to grow HISCO. In 1 to 2 pages, explain to Stan how you plan on running the company over the next two years. You should discuss the majority of the items you developed when you first came on with the company, including: whether you would make any changes to the SWOT analysis, whether you would change the company strategy, negotiations you would make with company stakeholders, future technology suggestions, growth expectations in general for the industry and specifically for HISCO over the next two years, any concerns that occurred in the past year that you would address, and any other information you believe would be relevant in order to reassure Stan that he has placed the company in the right hands. You will add this letter at the end of the standard Annual Report. This letter is not part of a traditional Annual Report.
*The ‘Stan Sloane’ letter is from you, as the CEO, to the owner of the company.*
*The ‘Stan Sloane’ letter is a forward-looking discussion around specifically how you will continue to grow Hisco over the next two years.*
HISCO Summary Annual Report Template
The goal is to capture the essence of the major sections of an annual report and provide an opportunity to synthesize your learnings from the simulation. This is the reason we refer to it as a summary annual report. For example, you are not responsible for the Auditor’s Report. Naturally, you are encouraged to review real-world annual reports, which can be used as a strawman in preparation. Your HISCO Annual Report should be your own original work. Your recently completed Annual Operating Review in Week 5 – as well as your QBRs – can be leveraged in preparing your Annual Report.
Preparing your HISCO summary annual report will be one of the most comprehensive assignments you will have completed during this course. You will gain an appreciation for the complexity and responsibility the senior executives continually face. Hopefully, you have experienced the holistic and competitive environment of the simulation.
The information – qualitative and quantitative – in an annual report should provide current and prospective investors (as well as any stakeholder) a complete insight into the company’s historic performance and its plans for growth and improvement over the next few years, as defined by its strategy. Publicly traded companies are required by law to prepare and submit to many constituencies a variety of filings. The most well-known are the Annual Report to Shareholders and related Form 10-K. An Annual Report is technically an unofficial document. The Form 10-K will typically provide the most comprehensive summary of the company’s history, financials, risks and opportunities, and current operations. The Form 10-K is submitted annually to the U.S. Securities and Exchange Commission (SEC). Technically, HISCO is a private company (you may have sold equity to the venture capitalist) and only if it had publicly-traded debt would be required to file a Form 10-K.
As a future leader of a public or private company, you will learn the integrative nature of any business while you complete the HISCO summary Annual Report. This document can become an important part of your e-portfolio as you continue throughout your career. Your owner, Stanley Sloane, looks forward to reading your HISCO summary Annual Report. While details may vary state by state, even if your career leads to growing a small private business, you will need to file an Annual Report with The Secretary of State in your jurisdiction; another benefit to learning from our final activity.
The following page identifies specifics instructions for preparation of each required section. Please remember to save your work frequently. An on-line search will reveal innumerable sites devoted to annual reports; all work on your HISCO Annual Report must be your own.
“Please incorporate the references below) The last reference is for the real scenario simulation information such as all four annual quarter reviews and the Annual Operating Review.” The first upload is the template for the assignment.
References
https://www.hisco.com/about-us
Fotsch, B., & Case, J. (2017, September 5). Six tips for planning a great 2018Links to an external site.. Forbes. Retrieved from https://www.forbes.com/sites/fotschcase/2017/09/05/six-tips-for-planning-a-great-2018/
Mosca, L. (2017, October 18). Buisness planning for 2018, and how to cash in on the new yearLinks to an external site.. Forbes. Retrieved from https://www.forbes.com/sites/louismosca/2017/10/18/business-planning-for-2018/#6f5b12f6692d
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