Does your company distribute financial statements to its employees? How often? Are the statements accompanied by any kind of explanation or analysis? Can most of your co-workers figure out how your company is doing by looking at the statements?

        Marriott Hotel is an American Hotel with a number of franchises and hotels all over the world. Marriot Hotel develops annual reports with financial statements of each fiscal year to publish it on stock markets. Marriott Hotel stock is listed in New York Stock (NASDAQ). The company also distribute financial statements to its employees quite often. In fact, online available annual reports are quite easy to access for the employees of the company. Employees can get an idea about the overall performance of the company in the fiscal year by checking income statement, cash flow statements, and balance sheets. These statements are accompanied by explanation and analysis. Marriott Hotel adds explanatory notes at the end of annual reports to elaborate on the figures and amounts presented earlier in the statements. Furthermore, the company also presented KPIs (key performance indicators) while considering that the company works on the principle of going concern. The prime purpose of presenting this kind of information is to provide enough details to the investors about the historical operations and performance of the company thus investors can get an idea of how the company will perform in future. Most of the employees working in the Marriott Hotel can figure out how the company is working in the market by viewing its statements. Employees not having an idea of financial terms can also get an idea about the efficiency and success of the company by comparing the net income of the company with the historical net income of the company.   

Question: 2

Does your company have a targeted competitor? Does your company look at the financial statements of your competitor?

        Marriott Hotel has some targeted competitor in the targeted market. Some competitor companies of Marriott Hotel are Hilton Hotels, Choice Hotels International Inc., InterContinental Hotels Group, Hyatt Hotels, and Fairmont Hotels and resorts (Bhasin, 2018). Managerial staff and employees sometimes look at the financial statements of the competitors to collect information about their strength in the market.