...Social E-Commerce That Xiaomi Uses At 22:00 on 8th April, 2014, Xiaomi’s total transaction amount in the latest round of “Mi Fan Festival” came to a halt at 1.5 billion yuan (USD 243.35 million), setting a new domestic record for single-day transaction amount in independent e-commerce companies. 1.3 million smartphones, nearly 4.8 million pieces of accessories, all sold out in 12 hours. Xiaomi’s unique visit of the day hit 15 million. When Lei Jun founded Xiaomi in 2009, the first product was MIUI operating system. Lei Jun didn’t want to spend money on marketing, so his crew began building brand awareness in forums. Their staff spent a lot of time on forums, making comments, sending posts and advertising. And they also searched for senior users in forums and picked out 100 out of 1000 to join their operating system design and feedback. These 100 senior users were the base of MIUI operating system, and they also became the first batch of “Me Fan”, meaning Xiaomi fans. Later, Lei Jun decided to manufacturer smartphone. They used the same method to do marketing with zero budget. They set up MIUI mobile phone forum, which became the base camp of “me fan”. In 2010, MIUI forum already had 1 million registered users. Naturally, the 1 million users became the first “Me Fan” of MIUI smartphone. “Me Fan” participated in product research, development, test, spread, marketing and public relation. Except a variety of online activities, fans also organized offline city gatherings. 42%...
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...worked together at Pure Software along with Mitch Lowe. The idea of Netflix came to Hastings when he was forced to pay $40 in overdue fines after returning Apollo 13 well past its due date.[14] The Netflix website launched in April 14, 1998 with only 30 employees and 925 works available for rent and brought a more traditional, online pay-per-rental model (US $4 per rental plus US $2 in postage; late fees applied).[15] Netflix introduced the monthly subscription concept in September 1999,[16] but then dropped the single-rental model in early 2000. Since that time the company has built its reputation on the business model of flat-fee unlimited rentals without due dates, late fees, shipping and handling fees, or per title rental fees. Netflix initiated an initial public offering (IPO) on May 29, 2002, selling 5.5 million shares of common stock at the price of US $15.00 per share. On June 14, 2002, the company sold an additional 825,000 shares of common stock at the same price. After incurring substantial losses during its first few years, Netflix posted its first profit during fiscal year 2003, earning US $6.5 million profit on revenues of US $272 million. In 2005, 35,000 different film titles were available, and Netflix shipped 1 million DVDs out every day.[17] Netflix developed and maintains an extensive personalized video-recommendation system based on ratings and reviews by its customers. On October 1, 2006, Netflix offered a $1,000,000 prize to the first developer of a video-recommendation algorithm that...
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...CONSULTING CLUB CASEBOOK 2004/2005 CASES Page 6 of 48 Copyright 2004, Do not copy or distribute without permission CONSULTING CLUB CASEBOOK 2004/2005 SOURCE / FIRM: DATE / CONTEXT: ISSUES COVERED: ISSUE/PROBLEM POSED: INFORMATION PROVIDED: SOLUTION: OTHER USEFUL TIPS: Page 9 of 48 BOOZ ALLEN HAMILTON 2nd round interview for summer internship 2004 Brainteaser Estimation How would you value a football (soccer) player? Business Case None I went around the houses a bit on this one. Identified sources of revenue for a football club including: Ticket revenue, Revenue from TV coverage, Sponsorship Merchandise sales (e.g. shirts) Talked around how to determine the contribution that an individual player makes to those revenue streams The final conclusion was that the best way to divide the portion of revenue related to the actual players (over their lifetime) between the team would be based on individual ratings (like those published for each player in the fantasy football league) Talked around valuation as the present value of future cash flows related to each player Open discussion with structure maintained through making notes and drawing tree diagrams was appreciated – used diagrams as prompt for directing discussions Copyright 2004, Do not copy or distribute without permission CONSULTING CLUB CASEBOOK 2004/2005 SOURCE / FIRM: DATE / CONTEXT: ISSUES COVERED: ISSUE/PROBLEM POSED: INFORMATION PROVIDED: SOLUTION: ...
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...HACKING Did you know that hackers exposed 110 million Americans personal information and roughly half of the nation’s adults in the last 12 months alone. 47% of U.S. adults had their personal information exposed by hackers. In December 8 at New Hampshire the hackers are alleged to have collected the credit and debit card data from over 80,000 victims by hacking. China has highest percentage of hackers, is that 41%. Kevin Mitnick, he has the world best hacking recode and he’s known as “black hate”. In now times big multination brands or company offers prize to hack his own brand or company. For Example google offer $2.7 Million prize fund for those that can hack the chrome OS and Apple offers $1 Million. Hackers are problem because of cybercrime, cyber extortion and virus attack. Hackers are problem because of earning money through business (cybercrime) for example transection money, hack data and sell those data to some on else, hack social sites and expose personal information. Cybercrime is on the increase as new technology allows hackers to be even more anonymous and more dangerous when attacking your computer, network or site. The number, type and seriousness of cybercrime attacks have all increased. Black hat hacker claim he can make $15k to $20k an hour and also he claim like that they can hack 300 billion bits of data in second. Black hat says like that “making money by hacking is easier than brushing your teeth”. For example in 2014 international hacking rings...
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...Discuss the procedure to incorporate a public company in Malaysia. The law relating to incorporation of a company in Malaysia is governed by the Malaysian Companies Act, 1965. As per the act any company doing business or wishing to do business in Malaysia must register with the Companies Commission of Malaysia (CCM) under the Companies Act 1965. To incorporate a company, a person must apply the application of search name. A name search must be conducted to determine whether the proposed name of the company is available. Refer to Government Gazette No. 716 dated 30 January 1997, Gazette (Amendment) dated 11 October 2001, Guidelines For Naming A Company and Guidelines For Application Of A Company Name. The steps involved are completion and submission of Form 13A CA (Request For Availability Of Name) to SSM and Payment of a RM30.00 fee for each name applied. Where the proposed company’s name is approved by SSM, it shall be reserved for three months from the date of approval. A person must lodgment of incorporation documents. Incorporation Documents must be submitted to SSM within 3 months from the date of approval of the company’s name by SSM, failure of which a fresh application for a name search must be done. An original of the Memorandum and Article of association shall each be stamped at RM100.00. Stamps are affixed at the Inland Revenue Board’s stamp office. The first directors and secretaries shall be named in the Memorandum and...
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...entrepreneurs get rich quick, but still others do it even while they're young. Quite a few of them are making their first million before they're even of legal drinking age. http://www.inc.com/johnboitnott/40youngpeoplewhobecamemillionairesbeforetheywere20.html 1/6 19/01/2015 40 Young People Who Became Millionaires Before They Were 20 | Inc.com While most teens spend their youth honing work skills in entry-level jobs, whether that's slinging fast food or working retail, others get that spark to succeed at an early age. There's no shortage of useful advice out there to help even the very young make strong business decisions. There is also no minimum age to become a millionaire, as these "kids" know firsthand. From playing the stock market to starting up their own companies, check out these 40 teens who made millions before turning 20. 1. Ashley Qualls: The founder of WhateverLife.com got her ingenious idea back in 2004 when she was just 14. Meant to showcase her design skills, the site really took off when Qualls started doling out freebie MySpace layouts. An anonymous buyer offered her $1.5 million and the car of her choice, but she declined. 2. Juliath Brindak: She began creating sketched characters at age 10, and then developed a complementary social-media platform at 16. Her Miss O & Friends company is now worth an estimated $15 million, though Brindak gets most of her revenue from ads. 3. Sean...
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...Domino’s Pizza Inc. is a privately held company which is a largest pizza delivery company in the world. The first Domino’s store was opened in 1960. Domino’s sells more than 400 million pizzas worldwide every year. According to the Domino’s corporate profile, “Each day, more than 1 million customers enjoy hot, delicious Domino’s pizza products on every inhabited continent on Earth” (Domino’s Pizza Inc., n.d.). Mission and Vision Statement “Exceptional franchisees and team members on a mission to be the best pizza delivery company in the world”. Domino’s Pizza is also committed to an inclusive culture that values the contributions of their customers, team members and suppliers. The Domino’s Pizza also provides product variety to meet all customer needs and team member and customers’ safety is their first priority out of all concern. They are also creating environment in which all team members feel valued. Shareholders The Domino’s Pizza ensures that their shareholders are concerned with making a profit by providing an outstanding customer service. Their employees are motivated and interested of adopting an ownership of work as they have been rewarded and appreciated depending on their work performance. Motivating team members to give their best isn’t always seems to be easier but it’s definitely worth the effort (Capko, 2010). Corporate and Social Responsibility The social responsibilities of business include the environmental protection, employee safety and morale...
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...culture. In the United States, Every day millions of office and break time conversations center on the local team’s most recent performance, an upcoming game, the impending draft, the current coach, the future coach, and so on. according to the existing records, in United States of America, there are less than 110 Teams of the 4 main organized professional sports, basketball, baseball, hockey, and, football participating in the main League level fixtures annually. There are less than 90 Stadiums spread over 25 States. Today, sports has become a money making alternative for not only players but also the coaches or managers, the media, and schools participating in sports. Salaries for professional athletes continue to escalate each year. From Alex Rodriguez’s record, $252 million contract to David Beckham’s $50 million per year enticement to join the LA Galaxy soccer team, most sports fans believe that professional athletes, in general, are overpaid and not worth their salaries. Yet for the professional athlete, maximizing compensation is critical, given the short careers and health risks associated with the sports profession. Thus, athletes and their agents often look to see what others within their sport are paid in an effort to negotiate for more money. Few, if any, have compared athlete compensation across sports (Rod Hilpirt, Scott Wysong, Sheila Hartley, Mike Latino & Andrea Zabkar). In major team sports, star players command millions of dollars per season, often with guaranteed...
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...Table of Contents * Introduction * Overview of an Automotive Industry * Place of the industry in an economy * Automotive industry in world’s economy * Automotive industry in Turkish economy * Trade perspective * Conclusion The automotive sector is a developing sector in the world. Its importance has increased drastically for the economies of countries. In this sector, the competition between companies has been increasing and with this expected increase; the elements such as efficiency in production, efficient use of resources have become an essential part of it. Therefore characteristics such as; investing on research & development , quality management , relationships between main and sub-industry collaboration , qualified employment has been on the competitors list in order to beat the competition. Automotive industry is one of the world’s largest industry that have been received the largest investments. In the scope of research & development and production, it has received 85 billion euros investment and the countries that have received an investment, have a tax income of 433 billion euros which proves us how big the industry is in the world. Automotive industry has a turnover of two trillion euro. Therefore this economy scale equals to economy of a country that is the sixth one of the world. In Turkish automotive industry, we would witness the same kind of structure. If we take a look at the proportion of it in the...
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...UCLA | ECONOMICS 106T | FALL 2012 TA: SIWEI KWOK | PROFESSOR BOARD STEVE WU FRANK LEE JEREMY REYNARD Airbnb For all the lone wanderers or people just searching for a “home away from home,” Airbnb has created the perfect solution for renters and providers worldwide. Since its inception in 2008, Airbnb started an innovative community marketplace for people to list, discover, and book a wide variety of accommodations around the world. Airbnb has pioneered a new industry of “collaborative consumption” and peer-to-peer accommodation rentals, which leaves room for the company’s potential growth and worldwide adoption. Airbnb has experienced immense success with over 1 million hosts and travelers, over 10 million nights booked, and over 26,000 cities within 192 countries.1 Despite the substantial growth and potential within this new industry, Airbnb faces several strategic issues moving forward. Airbnb lacks a sustainable competitive advantage, faces a heavy influx of new competitors, and also faces multiple legal and trust issues in the market. Airbnb must determine its direction moving forward or risk losing its competitive position in this emerging industry. Collaborative Consumption Movement Collaborative consumption is a term used to describe the “rapid explosion in traditional methods of sharing, bartering, lending, trading, renting, and swapping.”2 Also known as a “peerto-peer online marketplace,” this trend has seen immense growth in recent years. This exponential...
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...Managing New Product Development Teams Topic: Managing New Product Development Teams CASE STUDY W/QUESTIONS (MUST ANSWER ALL DISCUSSION QUESTIONS) Skullcandy: Developing Extreme Headphones1 In 2001, Rick Alden was riding up a ski lift and listening to music on an MP3 player when he heard his phone ringing, muffled in the pocket of his ski jacket. He fumbled around with his gloved hands, trying to get to the phone before it stopped ringing, and at that moment he thought “ why not have headphones that connect to both a cell phone and an MP3 player?” 2 In January of 2002 he had his first prototype built by a Chinese manufacturer, and by January of 2003 he launched his company, Skullcandy. 3 Building an Action Sports Brand Alden had an extensive background in the snowboarding industry, having previ-ously founded National Snowboard Incorporated ( one of the first companies to promote snowboarding) and having developed and marketed his own line of snowboard bindings. His father, Paul Alden, had played many roles in the indus-try, including serving as the president of the North American Snowboard Association, which helped open up ski resorts to snowboarders. His brother, David Alden, had been a professional snowboarder for Burton, and a sales repre-sentative for several snowboard lines. Thus when Alden began creating an image and brand for the headphones, it only made sense to create a brand that would have the kind of dynamic edginess that would attract snowboarders and skate-boarders...
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...INTRODUCTION: Euroland Foods S.A is a multinational producer of high quality ice cream, yogurt, bottled water and fruit juices. Its products are primarily sold throughout Scandinavia, Britain, Belgium, the Netherlands, Luxembourg, western Germany, and northern France. In early January 2001, the senior management committee of Euroland Foods S.A was called together to come up with the firm’s capital budget for the new year. There were 11 projects up for consideration that the committee was faced with and had totaled more than (euro) EUR316 million. Unfortunately the board of directors had set in place a spending limit of EUR120 million. Even with this restriction the investment at this rate would cause a major increase in the firm’s current asset base of EUR965 million. The firm’s main challenge was to allocate the funds among a range of projects to satisfy the following: new-product introduction, acquisition, market expansion, efficiency improvements, preventative maintenance, safety, and pollution control. BACKGROUND OF FIRM: Theo Verdin, a Belgium Farmer, as an offshoot of his dairy business, founded Euroland Foods S.A in the year 1924. Theo paid great attention to product development and marketing, and because of his close attention to detail the firm had grown steadily over the years. The company had gone public in 1979, and by 1993, was listed for trading on the London, Frankfurt, and Brussels exchanges. In the year 2000, Euroland Foods S.A had approximately...
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...Table I: Total Cost of Ownership for different options Other 10HP Tractors Bullocks Vanraj/ Big tractors (30-50) Lifespan 8-10 years 8-9 8-9 years 1.7 lakhs 8-9 years 25000 Costs 25-30,000 Assembled 1.7 lakhs 1.9 lakhs Chinese One lakh (belt driven) Subsidy 30,000 Tending and Shed maintenance (Opportunity costs/Savings) 10-15% of s.price 15*1.7= 23500 2.4 lakhs 2.4- 4 lakhs 35: 2.5 l 50: 3.5 l Price Investment Service- life time costs Maintenance Running Costs Fodder/ Diesel Consumption 10-15% of s. price 15*1.9= 28500 Diesel consumption 1.5*40*1000*8= 4.8 lakhs 10-15% of sp 2.4 *15= 36000 8 years @ 15,000=1.2 lakhs (additional 3 year fodder costs) 1.45 lakhs (Additional 45,000) 4.8 lakhs 4 litres/hour 1000*4*40=1,60,000 1,60,000*8= 12.8 lakhs Total Life time costs 6.985 lakhs High price; Lower maintenance; Useful features Compared to small tractors 6.74 lakhs 15.56 lakhs Rs. 50,000 more for a 35 BHP compared to Vanraj Symbol or power, masculinty and prosperity Comparisons Most economical, Low investment Labour intensive Less costly than Vanraj Table2: Characteristics of Market Segments Small & Marginal Farmers Difficult to assess? No of prospects Two million farmers in Gujarat alone; 35 million in four states May be required by a small percentage of the total s&Marginal farmers Subsistence farming. Low landholding size Use bullocks; economic viability is doubtful 82% of the total land holdings did not use...
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...GM Earnings Call Transcript The following link will take you to GM’s website where there is a live webcast of the earnings call. You can listen to it instead of reading the whole thing here. Your choice. http://edge.media-server.com/m/p/pju8kqjx/lan/en Transcript Call Date 02/06/2014 Operator: Ladies and gentlemen, thank you for standing by. Welcome to the General Motors Company Fourth Quarter 2013 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. As a reminder, this conference is being recorded, Thursday, February 6, 2014. I would now like to turn the conference over to Randy Arickx, Executive Director of Communications and Investor Relations. Please go ahead, sir. Randy Arickx - IR: Thanks, Operator. Good morning and thank you for joining us as we review the GM Financial results for the 2013 calendar year. A press release was issued this morning and the conference call materials are available on our Investor Relations website. We are also broadcasting this call live on the Web. Before we begin, I would like to direct your attention to the legend regarding forward-looking statements on the first page of the chart set. The content of our call will be governed by this language. This morning, Mary Barra, General Motors Chief Executive Officer, will provide opening remarks; followed by a review of the financial results with Chuck Stevens, Executive Vice President...
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...วันที่ 20 ธันวาคม 2554 โดย : กรุงเทพธุรกิจออนไลน์ แกะรอยแผนซุกขาดทุน20ปี “โอลิมปัส” สร้างความตื่นตะลึงให้กับแวดวงธุรกิจโลกไม่น้อย เมื่อปรากฏข่าวฉาวของ “โอลิมปัส” บริษัทญี่ปุ่นยักษ์ใหญ่ที่ถูกแฉพฤติกรรมฉ้อโกง เพื่อปกปิดตัวเลขขาดทุนที่ดำเนินมายาวนานร่วม 20 ปี ว่ากันว่า มูลค่าการฉ้อโกงทางบัญชีที่สร้างขึ้นมาตบตาภาวะขาดทุนจากการลงทุนหลักทรัพย์ของบริษัทแห่งนี้อยู่ที่ราว 1.7 พันล้านดอลลาร์ พฤติกรรมฉาวของโอลิมปัสแดงขึ้นมา เพราะนายไมเคิล วู้ดฟอร์ด หัวหน้าคณะเจ้าหน้าที่บริหาร (ซีอีโอ )ชาวอังกฤษของโอลิมปัส ออกมาแฉถึงความไม่ชอบมาพากลของการทำข้อตกลงซื้อกิจการ ที่มีราคาแพงเกินไป และเรียกร้องให้มีการตรวจสอบหาข้อเท็จจริง จนเป็นเหตุให้บริษัทปลดเขาออกจากตำแหน่ง แรงกดดันเรื่องนี้ ทำให้โอลิมปัส ตั้งคณะกรรมการอิสระ เพื่อตรวจสอบเรื่องนี้ ซึ่งแม้จะไม่มีใครค้นพบว่า ความเสียหายแท้จริงอยู่ที่เท่าไร แต่เม็ดเงินดังกล่าวถูกนำไปใช้เพื่อปิดบังการขาดทุนจากการลงทุนที่เกิดขึ้นมานานแล้ว สิ่งที่เกิดขึ้นเป็นส่วนหนึ่งของการล่มสลายของฟองสบู่เศรษฐกิจญี่ปุ่นในยุค 1980 ซึ่งวัฒนธรรมองค์กรที่เก็บงำความลับยิ่งทำให้มีการปกปิดข้อมูลมานานหลายปี แกนกลางของเรื่องนี้ อยู่ที่บรรดาผู้บริหารวงใน ที่ต้องการยื้อความผิดพลาดที่ทำไว้ เช่นเดียวกับบริษัทญี่ปุ่นอีกหลายแห่ง โดยบริษัทเหล่านี้ ได้รับความช่วยเหลือจากกลุ่มนายธนาคารที่สัญญาจะช่วยซื้อเวลาออกไปก่อน ซึ่งหนึ่งในนั้น รวมถึงนายอากิโอะ นาคากาวา ผู้เล่นรายสำคัญของเรื่องนี้ ที่รับบทวาณิชธนกร ตามที่ตัวเองเชี่ยวชาญเกี่ยวกับวิศวกรรมทางการเงินใหม่ๆ หรือที่เรียกว่า zaitech ซึ่งเป็นแนวทางในยุคฟองสบู่ ที่ชวนให้บริษัทผู้ผลิตลงมาเล่นในตลาดทุน เมื่อฟองสบู่แตก นายนาคากาวา และหุ้นส่วนที่มีชื่อว่า...
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