Contemporary Accounting Research For Law And Economics

Background of the company

Discuss about the Contemporary Accounting Research for Law and Economics.

In general, there are principally four different classes of information that a specific business enterprise portion out with diverse other business concerns. In essence, these necessarily include external drivers, specific resources and associations, stratagem along with performance. Furthermore, each and every category of information is necessarily comprised of a variety of particular components that assist the management of firms to assess the organizational health along with performance. In this case, each one of 17 different components has been assessed with regard to comprehensiveness as well as accessibility in a bid to locate organizational health along with performance of the firm Saint Gobain.  

Saint-Gobain abbreviated as S.A. is essentially a French transnational business concern, established during the year 1665 headquartered in particularly Paris (Saint-Gobain 2018). In the beginning the manufacturer of mirror produces varied construction along with better-performance materials. Thus, it can be hereby mentioned that this company operates in the industry of building material. The company serves across the world and markets products such as materials of construction, production as well as retail, plastic, glass, packaging, plasterboards, materials of packaging and many others.

Saint Gobain, being one of the most accomplished and a pioneer in the glass industry, strongly focuses on achieving a better organizational health, not only for its survivability but also for its long term success. Designing, producing and distributing materials for fostering and creating a great living space is one of the most significant objectives of the company (Zaleha Abdul Rasid et al. 2014). The company has been successful in generating net sales of around € 40,810 million, which included better performance from all of its three sectors of building distribution sector, innovative materials sector and the construction products sector. Having international presence in 67 countries speaks volumes about its market and financial health. The company has also seen very good financial results in terms of earnings per share at €2.96, shareholders equity being at €18,468 million and net debt being at €5995 million (Saint-Gobain 2018). Apart from the sound financial health, the company also has strong principles of conduct and action to abide by, which has helped the company for staying at the helm of the glass industry for so many years.

Saint Gobain follows a series of different and novel strategies, which has enabled them to be at the very top for the past years. It strictly follows a unique strategy of maintaining very close proximity to its customers. It generally applies a tailored made approach towards its construction business customers, especially it aims to be the partner of choice of every market player, right from the worksite implementation to the completion of the project. It aims to stay in touch and continuously interact with its customers by the application of various kinds of digital medium.  

Comprehensiveness for 17 Elements – The PWC Value Framework

Being in the glass business for a long amount of time and being one of the key companies in the field, leads to the creation of various objectives for each of its activities and functions. Some of these functions of Saint Gobain and its objectives have been provided in this paragraph. One of the most important activities, which are undertaken by Saint Gobain is the innovation of the new products. For this purpose, it is guided by the objective of making world class innovations with the help of the research and development wing (Solovida and Latan 2017). In the case of climate change, the company has a specific objective of continuing to increase the various benefits connected with the use of its glass and other products and solutions, while ensuring the reduction of the impact of carbon from its activities (Fiondella et al. 2016). The company has a clear long term objective is to draw very little water as possible and to strive for the ‘zero discharge’ of industrial water for the purpose of efficient water management (Saint-Gobain 2018). In the case of the health and safety section, the company clearly states the fact that it is one of the important objectives of ensuring complete protection of its workers. All these goals and objectives have been setup with the aim of being one of the leaders in the field of glass business.

All the different kinds of strategic objectives of the glass making company ‘Saint Gobain’ was not easily accessible from the annual report for the year 2017. All the objectives were not clearly mentioned. Each of these objectives was included in the form of the different kinds of functions of the company. Each of these functions such as climate management, water management, and safety of workers had a specific set of objectives, which forms the part of the overall objectives of the company. In each of these functions, the objectives were mentioned.  They were not clearly stated in the report separately in the form of any separate head, which made the work of finding them all the more difficult (Watson 2015). As a result, it can hereby be stated that superior quality data of health of organization for the component strategic “objectives” presented in “Value Framework” is not of good quality since it was not effortlessly observed in the yearly integrated assertion of the business enterprise.

In this case, the business model of glass manufacturing corporation Saint Gobain chiefly concentrates on glass making. It encompasses the processing, distribution, construction and of providing high quality materials. It is mainly engaged in four business activities, of producing innovative materials, including the manufacturing of as well as distribution of flat glass (Bobryshe et al. 2015). This are used for the purpose of automobile as well as construction sectors, abrasives and others., building distribution, specialized in the distribution of building materials for consumers as well as professionals, as well as packaging of glass jars and bottles. Business model used for the company is as mentioned below:

Organizational Health

For the purpose of the present study, business model of glass manufacturing giant Saint Gobain could not be effortlessly obtained from the yearly assertion of the business enterprise. In essence, it was not with no trouble obtainable from yearly statement of the business enterprise during 2017. The business model of the company forms an integral part of any company, its absence in the annual report of the company, needs to be improved even more (Saint-Gobain 2018). A clear and transparent form of business model must exist, in order to ensure complete transparency. A pictorial representation of the business model of the company was taken from (Theriou and Aggelidis 2014). As a result, it can be hereby stated that information on the subject of the business model of the business enterprise is not readily obtainable on hand in the yearly statement of the corporation. For that reason, it can be instituted that overall quality of health of the enterprise for this component business model presented in the “Value Framework” is not in an appropriate condition and that’s why requires to be worked on.

Corporate governance of any business concern indicates towards corporate framework that aids in proper functioning of the organization (Cooper et al. 2017). It refers to the main skeletal frame of the organization. Operations of Saint-Gobain Group are properly structured into three different subdivisions where each and every one are associated to the environment, markets for construction as well as industrial units. Each is accountable for developing its own strategy at the international level. A total of Thirteen General Delegations represent the Group in its host countries and organize the activities of the companies that operate there, under the banner of Saint Gobain. Saint-Gobain’s corporate governance strategy is defined by the Saint-Gobain Group senior management team, led by Pierre-André de Chalendar, who is the Chairman and the CEO of Saint-Gobain (Saint-Gobain 2018). 

The corporate departments, which reports to Compagnie de Saint-Gobain, consists of Human Resource, Finance, R&D, Corporate Planning, Legal and Tax Affairs, Communications, Internal Audit , Internal Control as well as Marketing, The corporate governance structure of Saint Gobain can be best understood from the following two diagrams and charts:

Corporate governance of business concern Saint Gobain can be retrieved without difficulty from yearly pronouncement of the business enterprise. Seeing that materials can be easily discovered from the yearly statement and it is suitably presented, it essentially aids in comprehension. Specific information regarding different components of corporate governance has been delivered in a properly succinct manner and is under different sub-heads (Saint-Gobain 2018). As a result, it can be hereby ascertained that overall quality of health of the business concern for the component of corporate governance mentioned in the Value Framework is superior.

Strategy

Being one of the largest glass producers in the world, it faces a variety of risks, in one way or the other. There are various risks associated with the economic cycles, as many of the company’s markets are cyclical in nature, as a result of which, a significant amount of the revenue gets stranded. The company also faces the risk associated with the company’s international operations in the form of operations conducted in the economically instable regions, the company also faces the risk from the innovation and rapid digitalization of the world (Garrison 2011). The company has to keep a pace with the changing needs, dynamics of the industry, if it fails to keep a pace with the changing technologies, it would lag behind. Saint Gobain also faces the risk from the violation of the intellectual property rights (Saint-Gobain 2018). The company also faces large amounts of risks in the insurance, legal and administrative procedures.   

The risk management of the company Saint Gobain can be easily obtained from yearly statement of the firm during the year 2017. Risk management processes of the firm have been elucidated in a thorough and in a succinct manner. Consequently, this aids to comprehend risk management structure as well as arrangement of the firm. Since specific information concerning risk management can be obtained readily from yearly statement of the glass manufacturing firm during year 2017 yearly statement and can be easily comprehended effortlessly (Saint-Gobain 2018). Therefore, it can be hereby mentioned that overall quality of health of the business concern for the component “risk” presented in the Value Framework can be said to be good.

Remuneration as well as Nomination Committee together with an assistant subcommittee of Board aids the Board in making certain the fact that the Board has appropriate composition to undertake duties effectually. In the company Saint Gobain, directors are primarily appointed by an official method and set of rules, that begins from staffing, training as well as development together with official stimulation of particularly directors, yearly assessment of performance of the Board of the firm, chairman, different committees of board, finance director, Secretary and Company Governance Officer of the Company is undertaken ((Saint-Gobain 2018)). According to the regulations and set of laws of the firm Saint Gobain, certified succession plans are acknowledged and amended. Again, remuneration slabs as well as remuneration strategy are presented throughout the firm. However, in the firm, revelation of directors as well as remuneration comprises of transparent along with complete procedure. There exists a base salary that is fixed, yearly along with medium-term incentive, schemes of legacy share along with advantages (Garrison et al. 2012). Remunerations of different supervisory division for financial year 2016 and 2017 is hereby mentioned below:

Objectives

Information gathered from data derived from the remuneration report is said to be offered from the yearly statement of the firm Saint Gobain during 2017. Essentially, remuneration strategies, specific set of rules along with directives, compensations together with advantages of both administrative together with non-executive directors have been presented evidently in the yearly statement of the business concern (Hilton 2011). Formatting of data has been very suitably formatted and presented that essentially assists in comprehending the information readily (Saint-Gobain 2018). As a result, it can be hereby mentioned that overall quality of health of the business for the component remuneration mentioned in the Value Framework can be regarded to be good.

For the business concern Saint Gobain, there are diverse tangible assets that are reflected as financial assets of the enterprise. Balance sheet statement of the company mentioned about financial arrangement as well as position of the said business enterprise. According to pronouncement of balance sheet of the business enterprise, it can be hereby mentioned that current assets of the firm are represented as tangible assets, that are essentially financial resources of the said entity (Saint-Gobain 2018). As per annual report of the firm Saint Gobain, the financial assets of the company takes in goodwill, plants along with properties, documented inventories and receivables. In essence, it can be hereby observed from the yearly statement of the business concern Saint Gobain during 2017. Basically, financial assets of the business concern have improved from the year 2016 during the period 2017. Inventories of the corporation were documented to be 5875 million during 2016, however the same enhanced to roughly 6041 million. At the same time, firm’s receivables together with other current assets also augmented from 4935 million during 2016 to approximately 5134 million during financial 2017 (Saint-Gobain 2018). Accordingly, financial assets of the corporation enhanced during the current period as compared to the year ago period, as a result, it allocates strong financial presentation of the business enterprise.

The expression financial assets are exclusively stated in the yearly statement of the business concern that has assisted in uncomplicated detection of company’s resources. Thus, it can be suggested that the company Saint Gobain takes due interests in the financial performance of its operations. The current resources were properly arranged and at the same time accurately stated in the yearly statement. As a result, it can be mentioned that accessibility is very effortless and uncomplicated; however, overall quality of health of business concern for the component financial assets presented in “Value Framework” can be considered to be good (Horngren et al. 2012).

Accessibility

Non-current assets of the firm necessarily indicate towards diverse intangible assets and particularly for the business enterprise Saint Gobain, non-current assets indicates towards intangible assets that are chiefly physical assets (Kensinger 2011). According to yearly assertion of the firm Saint Gobain, there are an exclusive list of non-current assets mentioned in the in the balance sheet of the statement. In essence, the primarily comprises of property, plant as well as equipment, particular goodwill, specific intangible resources, conditional environmental indemnified assets, other non-current assets along with deferred tax resources (Saint-Gobain 2018). As per balance sheet assertion of the firm Saint Gobain, the whole physical assets have decreased from the year 2016 to 2017. As a result, it can be hereby observed that property, plant as well as equipment of the business concern have decreased from 11654 € millions in 2016 to 11590 € millions in 2017. In addition to this, intangible assets of the Saint Gobain also declined from 2662 € millions in 2016 to 2603 € millions in 2017 (Saint-Gobain 2018). Nevertheless, deferred tax assets declined from 1188 € millions in 2016 to 938 € millions in 2017. Again, goodwill of the firm also lessened from 10669 € millions in 2016 to 10575 € millions in 2017.

Physical assets of the firm Saint Gobain are not stated in the yearly assertion of the business concern. Thus, there lies particular uncertainty that might perhaps stem during the process of recognition of different physical assets from mainly the balance sheet statement of the business concern (Mowen et al. 2012). As a result, it can be recommended that the firm Saint Gobain need to comprise of other expressions of non-current assets that mainly includes physical assets anywhere in the yearly report and can be recognized seamlessly. Also, the non-current assets of the firm Saint Gobain were well structured as well as appropriately represented in the yearly statement. Thus, it can be mentioned that accessibility is not so simple, therefore it can be hereby concluded that overall quality of health of the firm for mainly physical assets mentioned in Value Framework can be said to be bad.

The enhanced comprehension regarding customers along with penetration initiatives can be considered as the primary reasons. This segment has primarily established tailored responses for different classes of customers. These responses can be associated to service requirements else wise particular products (Noreen et al. 2011). There are different brands that are developed with novel themes, different products and are invested in novel markets. In essence, the brands recognize needs of customers; clutch levers of growth for diversification of businesses. Therefore, there are customers for products/services of the company and the company also present solutions for the purpose of market of hydroelectric dam, different materials particularly for marine segment. The yearly report also presents detailed elucidation of main brands, operational nation and positioning. The revenue growth improved from 39093 € millions in 2016 to 40810 € millions in 2017.

Business Model

Particular information as regards customers of the business enterprise Saint Gobain was not appropriately presented in a specific section, to a certain extent it was spread throughout yearly report of the business concern during the year 2017 (Saint-Gobain 2018). Thus, for the purpose of gathering information from data amassed, a specific individual has the need to interpret yearly report methodically. As a consequence, it can be hereby mentioned that requisite information stated in the account was not well structured for thorough understanding and acquired information was not properly accessible effortlessly. Thus, it can be hereby concluded that overall quality of health of Saint Gobain for different customers presented in the Value Framework is necessarily bad.  

According to the yearly assertion of the firm Saint Gobain, people of the firm comprise of employees, specific unions, committees, trade unions as well as different councils for work. Saint-Gobain has necessarily established OPEN program that stands for “Our People in an Empowering Network”, specific tools for management formulated to augment satisfaction of employees. There are also different plans of actions that are primarily illustrated for each and every purpose recognized as a main concern for contributing effectually to a business operating environment that is favourable to professional as well as personal development and this is said to balance job-associated performance with well-being of different employees of the firm. Trade unions are said to play an important role within the business concern (Northington 2011). The consultation as regards employees for permanent position in the functional segment can be considered to be a significant factor. Consultation regarding council of different works regarding reorganization of the business concern occurs owing to integration of business (Otley 2016). The company consider its employees as the strength of the firm, thus for future success the firm concentrates on pursuing diversification of the team, mobility policy, development of talents, enhancement of commitment of employees and many others.

The information presented by the firm regarding the people along with culture of the business firm Saint Gobain can be accessed from yearly assertion of the year 2017. Nonetheless, information was delivered suitably in the assertion; therefore, it was extremely seamless to discover particular information on people and culture. The report was also well structured that aided in the process of comprehending meaning of the training (Quattrone 2016). As a result, it can be mentioned that accessibility to requisite information was extremely easy and was well formatting that aided in comprehending the same easily. Therefore, it can be hereby concluded that overall quality of health of business concern, different element individual as well as culture presented in the Value Framework can be considered to be good.

Governance

The organization Saint Gobain constantly finds out superior ways by which management can perform things in an improved way and therefore different solutions are delivered. Innovation in particularly products, procedures along with services can be considered to be vital. The group develop and at the same time distribute different sustainable solutions that can help in realising overall potential as well as growth in the sustainable market for construction. In essence, this needs innovation and for the purpose of management of portfolio of product, circular economy, specific information along with training for diverse players in the specific market. In particular, the group has an innovative product procedure that concentrates on particularly safety along with performance. The company develops eco-innovation culture and has tools for comprehending needs of the customers along with expectations with regard to environmental as well as social influence (Scha?fer 2012). There are tools for discovering solutions founded on subsisting best exercises or else elaborate evaluation of existing solution (Kensinger 2011). The company has eco-innovation tactic, different R&D leaders and specific training for different R&D leaders that can help in understanding market requirements. Innovation is also introduced in the area of healthcare market. The report shows that healthcare can be considered to be a segment where reliability of solution and strict demands of standards can be regarded to be of utmost significance. The current group also markets different customised, single-usage solutions of plastic, utilized in managing fluids. Again, Saint-Gobain has also designed and formulated superior quality plastic elements intended to manage fluid circulation specifically during intravenous as well as ophthalmic treatment along with non-invasive surgical intervention.

Particular information regarding innovation of the company can be effortlessly amassed from the yearly assertion of the corporation for the year 2017. Again, the accessibility can be considered to be easy, particular information was suitably formatted and as a result it was trouble-free to comprehend meaning of specific components and its significance in this specific field. Nevertheless, accessibility of information can also be enhanced by delivering different heading for this component within the yearly statement of the corporation (Shiller 2012). Therefore, it can be hereby concluded that higher quality of health of the organization for specific component innovation presented in Value Framework can be considered to be good.   

Saint-Gobain has necessarily a portfolio of different industrial brands along with an entire network of reputed distribution names for the purpose of designing and marketing specific sustainable solutions that deliver comfort along with wellbeing for different customers. Also,  firm has key distribution, specific service brands along with specialist brands (Hilton 2011). The company has generated improved designed, simple websites for extension of e-commerce to different brands in the majority of nations of operations. The company also presents main brands of the company along with positioning of the brand that in turn can help in understanding about the brands of the company.

Specific information along with data as regards reputed brands of the firm Saint Gobain can be without difficulty available from yearly statement of the corporation for the year 2017. Again, specific information regarding varied reputable as well as worldwide brands can be amassed effortlessly or else can be accessed without problems from the yearly statement of the firm Saint Gobain for the year 2017. According to specific information can be considered to be properly structured and at the same time suitably formatted. Essentially, it can be considered to be uncomplicated and effortless to comprehend; particularly the chart form assists to comprehend in an improved manner (Garrison et al. 2012). Therefore, it can be hereby concluded that overall quality of the health of the business concern for the specific element that is brands mentioned in the Value Framework can be considered to be good.   

In this case for the firm Saint Gobain, reliable and at the same time effective systems of supply chain, systems of regulation along with procurement chiefly deliver competitive edge to the firm. In essence, the firm Saint Gobain preserves as well as develops effectual procurements, system of regulatory as well as supply chain. In addition to this, system of supply chain can be regarded to be an intellectual system (Shiller 2012). Basically, there are numerous initiatives of supply chain that have been delivered by the firm during the year 2017. Furthermore, there are numerous forecasts along with assessments as regards status of the stock that normally permit the firm for minimization of varied commotion in the course of management of supply chain (Shim and Siegel 2012). In essence, handling of diversity of procedures of supply chain can be expanded by enhanced intelligence of market. Nevertheless, assessment in progress of management of supply chain can be taken into consideration proactively for different challenges regarding assimilation of varied novel sites along with advanced products that are related to relocation of site. Also, there is a Quality Department that persistently supervises nature of compliance along with enhanced quality throughout the corporation and it shall also aid in the process of assimilation of acquisitions of product in the supply chain ().  

Particular information available regarding procedures along with management of supply chain can be amassed or else accessed from yearly assertion of the firm Saint Gobain for the year 2017. Nonetheless, specific information was not effortlessly available from firm’s pronouncements since the matters regarding supply chain was spread all the way through the yearly assertion (Thompson, 2012). Particular information regarding this specific matter under consideration was not properly formulated and at the same time appropriately prepared. Thus, it can be hereby recommended that management of Saint Gobain might perhaps utilize particular heading regarding the component and then can deliver all the requisite information on the concerned heading. In essence, this might probably prove to be advantageous for diverse researchers and specifically for the entire business concern. Consequently it can be hereby concluded that overall quality of health of the organization for procedures and supply chain management presented in Value Framework can be regarded to be bad.   

There are tactical operational projects that can help in refining overall understanding regarding multi-comfort and therefore overall credibility of the entire approach. As a specific part of this operational program, there are housing buildings together with specific renovation operations that were established particularly in conjunction with diverse players mainly in the construction segment. There is superior performance technology solution for different airplanes as well as different land founded randoms, delivering maximum protection along with unrivalled radio frequency and making certain utmost operational reliability. In addition to this companies are utilizing digital technology in different factories to enhance operational efficacies (Warren et al. 2012). There are manufacturing capacities along with operational integration throughout different sites of production. Therefore, it can be hereby mentioned that strategies operations deliver assimilation along with manufacturing potential and operational integration all through different sites of production. Therefore, it can be hereby mentioned that different strategic functions of the corporation Saint Gobain delivers an extensive platform for development of the firm.

Information as regard operations of the corporation can be said to be effortlessly accessible from assimilated assertion of the firm Saint Gobain during 2017. Essentially, this information is mainly delivered in bulleted points and in that way can be accessed seamlessly. Since this specific information can be said to be appropriately formatted, then it can be comprehended effortlessly. Therefore, it can be hereby stated that overall quality of firm performance for the component operational presented in Value Framework can be regarded to be good.   

There  is a positive economic environment that boosts overall confidence in the upcoming period. There are actions that help in cooperating with varied regional associations along with business concerns engaged in environmental, social, economic as well as regulatory factors. The report asserts that the company engages in environmental as well as sustainable development that can help in sharing particular experience in these areas as a manufacturer. The company Saint-Gobain is under (Energy Transition Commission), that is necessarily a group of 30 from the entire community of energy as well as climate. This community has the intention to transform to a system of low-carbon energy that helps in promoting strong rate of economic growth whilst restricting global warming to particular levels (Whitecotton et al. 2011). Also, there is emergence of wide middle class segments counting in mainly Africa that can stimulate novel demand in relation to enhanced power of purchasing of the entire group of people and with increasingly higher comfort necessities. Further, among different developed nations, the construction segment is anticipated to rebound after numerous crisis period. In essence, anticipated rates of growth of construction in particularly United States over the upcoming few years are close to 5%. However, a weak economic state of affairs in different markets of the company can be regarded to be hindrances that can prove to be barriers in the growth of market together with market share of firm’s products.

Particular information can be suitably accessed from assimilated assertion of the corporation Saint Gobain during the year 2017. In essence, it can be hereby observed that the specific information was not accessible under a distinct heading and for the purpose of accessing particular data there is need to read and interpret report methodically since the information is scattered all the way through (Wild and Shaw 2012). Since the information cannot be obtained effortlessly, it is not well structured; one has to encounter problems to comprehend. Thus, it can be mentioned that overall quality of performance for particular component “economic” facets presented in the Value Framework can be regarded to be bad.

The component “social” of the framework refers to the association of the corporation Saint Gobain with particularly clientele, various regional communities, healthcare, professionals operating in the regulators, different suppliers, financiers, providers of service, partners of distribution, governments as well as different important stakeholders. Thus, the Saint Gobain has responsible corporate citizenship. In essence, the business concern involves with varied external as well as internal stakeholders, investment on socio-economic factors of the business concern can also be highlighted on development of the delivery of products/services to the communities (Wild et al. 2011).

Specific information can also be easily obtained from assimilated statement of the business concern Saint Gobain for the period 2017. In essence, this specific information is delivered under a distinct heading and is said to be appropriately formatted (Otley 2016). Therefore, it assists in proper understanding and can be hereby said that overall quality of firm’s performance for the component Social presented in the Value Framework can be considered to be good.

Saint-Gobain is engaged in its environment and is concerned regarding reinforcing its positive involvement. The Group engages its supply chain in its advance to lessening environmental influence and commits suppliers to particularly decreasing air emissions along with water footprint. Particularly, in the private segment, there are several action levers that can help in reduction in environmental footprint (Cooper et al. 2017). The building sector also accounts for nearly 40% of energy consumption as well as 36% of emissions of green house gases. This reflects approximately one third of global assets and is accountable for particularly 40% of production of waste. With enhancing frequency, there are different public strategies that adopt life cycle tactic that considers environmental influence.

Specific information can be without difficulty accessed from incorporated assertion of the corporation Saint Gobain during the year 2017. Particular information is delivered under a distinct heading and it is said to properly format. Therefore, it aids in comprehending overall quality of firm’s performance for the component Environmental presented in the Value Framework and is said to be good.   

Saint Gobain evaluates overall accounting procedures and basis of presentation for the period 2017 by executing segmental evaluation in a bid to divulge hyperinflationary economy (Quattrone 2016). Particularly, in the segmental analysis, the function of the group is divided and enumerated founded on the international nations where the business occurs

Particular information as regards segment can be delivered distinctively in the assimilated report of 2017. Therefore, obtaining information can be said to be effortless (Ax and Greve 2017). The appropriate structure and format aids in understanding seamlessly, thereby it can be hereby concluded that overall quality of firm’s performance for the component Segment presented in the Value Framework can be considered to be good.   

During process of ascertainment of the materiality, the firm Saint Gobain generally takes into account issues associated to material that has the probability to influence the capability of the firm to generate and preserve value for firm’s stakeholders. The Board of the firm has convened and considered that strategic aims of the firm Saint Gobain and the KPIs that are related to the stated aims that would comprise of material issues of Saint Gobain (Wagenhofer 2016). These material issues are properly aligned with the approach of the firm Saint Gobain in order to manage the risks.

Conclusion

It can be hereby concluded that yearly report and the assimilated report of a business concern plays an significant role in understanding the company. Here, the detailed analysis of the firm Saint Gobain helps to understand the financial condition of the company based on the PWC model. This model also helped to understand the organizational health and organizational performance of ASPEN Pharmacare. By analyzing in details, it can be said that both the health and performance of the firm is in better position

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