Would anyone mind to have look at mine please?
The assumption that Olympic Foods made to their stokholders in the latest report, that as time goes by they are able to minimize costs and increase profits, contains flaws that puts in risk the trust of the operations to their investors.
For example, it is inferred that time equals a good practice of knoledge management and investment in improvemetns, when they mention ¨ Overtime… organizations learn how to do things better.¨ but in reality there is no proof that this is the case for Olympic foods, shall there be an example of what processes they have improved compared to years back it would strenghthen the paragraph to indicate that they have a dedicated effort to update their standars resulting in tangilbe lower costs.
Second, although in principle the comparison between the film processing and the cold forzen food insdustry can be undestandable it does not represent the best comparison, as technology rapidly evolves it is wrong to assume that it does for all categories, therefore a 25th year gap between analogue film technology may not be the same as the advancements in the frozen food category.
Lastly, there is no records, proof or stadistics that the company has a dedicated department for proposing technological change or how flexible their leadership board is towards adopting new thecnologies that can reduce costs over time. There are also many ways to maximize profits that do not depend on techonolical redyness, perhaps closing branches, reducing prices, reconsider a economical restrucure, but time by itself is not a given.
Had the report provided solid examples of their holystic strategic decision making towards operational costs and increasing profits their statement would had been stronger towards maintiaing their stakeholders trust for the time to come.