Corporate Financial Management Essay Example | Topics and Well Written Essays - 2250 words

Corporate Financial Management - Essay Example The company uses its five hundred and eight thousand employees to serve more than four billion meals every year in the fifty thousand locations around the world. Some of the brands include All Leisure Hospitality, Canteen Vending, DeltaFM, Best Vendors Management, and Morrison Management Specialists among others. Compass Group aspires to provide excellent contract food and support services that include cleaning desks, running office and reception services, and other company routine maintenance services in its vision (Cardinal Environment ltd, 200, p. 13). The management and employees of Compass group is passionate about serving foods with great quality. Service centres include factories, universities, colleges, schools, people in offices, hospitals, sports and cultural venues, offshore platforms, and homes for senior community people. The company offers services with high quality as such; it is the leading provider of meals to university students in Australia. The company invented th e steamplicity a system of steam cooking in hospitals. Message from the management Richard Cousins, The chief Executive Officer, Compass Group PLC delivered a compelling speech during the last company annual general meeting that included the tabling of the financial report. In his speech, Cousins explained that the company’s performance in a challenging environment was excellent. Over that period of trade, Compass established consistent high levels of new business that saw it make positive change in operational efficiency that generated one hundred and sixty-one million pounds in terms of savings. According to him, the prevailing short-term economic conditions will continue to affect the company’s unprocessed revenue growth. The chair, Sir Roy Gardner, reiterated that the group’s overall core strategy remains unchanged as it remains centred on foodservice and support service business with a very high rate of growth rate. Services Compass Group serves the needs o f people by offering high quality, well balanced, and nutritious food. This refreshes peoples’ tired minds, reenergises peoples’ productivity, enhances the concentration of students at school, and offers the right diet for invalids and convalescents in hospitals. The company focuses on consumers by being constantly innovative in providing food services and brands to retain its customer base while at the same time venturing into new markets. Compass Group’s service structure allows it to serve clients in any format and location irrespective of the geographical location and size (Schiller, 1998, p. 29). This includes formal dining, twenty-four hour service, self-service, vending, and free-flow restaurants. Despite the large customer base, that averages four billion customers every year, the company makes sure that it meets individual customer tastes. Companies that focus on running their operations and choose to use Compass group in undertaking food and support se rvices benefit in many ways. Benefits include reducing costs of maintenance and food. They also improve the quality of providing the same services because Compass group is professional in service provision. Due to its professionalism, Compass guarantees the highest health, environmental, and safety standards (Schweikart, 1990, p. 43). The companies will also take advantage of innovativeness by employees of Compass group to enjoy newest services and best practices around the world. Customers from as far as Asia will