...DESAI MASAKO EGAWA op yo The Continuing Transformation of Asahi Glass: Implementing EVA Toshiya Iwasaki, who founded our company in 1907, succeeded in Japan’s first commercial manufacturing of flat glass after numerous failures. He used to say, “Never take the easy way out, but confront difficulties.” He built the corporate culture to challenge the most difficult problems. — Shinya Ishizu, President and CEO Shinya Ishizu was in a difficult situation of his own devising. As president and CEO of Asahi Glass Company (AGC), he presided over a Japan-based multinational manufacturer of flat glass, chemicals, and electronics and displays, with annual sales of •1.3 trillion and the largest global market share in most of its product categories. Worldwide, AGC controlled a network of over 200 subsidiaries and affiliates in 25 countries, generating •52.4 billion in overseas operating profits in FY2003—sixth largest among all Japanese companies.1 (See Exhibit 1 for financial information and Exhibit 2 for AGC’s global presence.) tC After he was appointed president and CEO in 1998, Ishizu began implementing a number of drastic changes to the company’s structure and corporate culture in order to create a truly international enterprise. In 2002, he split AGC into four business units on a global basis which were dubbed “in-house companies” and appointed two non-Japanese executives to manage the glass business, which, at 53% of total sales and 56% of operating profits...
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...International Financial Management Case Analysis of: The Continuing Transformation of Asahi Glass: Implementing EVA TABLE OF CONTENTS * BACKGROUND * CORPORATE GOVERNANCE * FEATURES IN ASIA * MAIN BANK * ORGANIZATIONAL CHANGE * IMPLEMENTING EVA 1. ADVANTAGES 2. DISADVANTAGES * PREFERENCE TO EVA * RECOMMENDATION Background Asahi Glass is an MNC, based in japan. Its products include flat glass, chemicals, and electronics and displays. It was reorganized by “Ishizu”. It captures annual sales of about 1.3 trillion and is considered largest global market leader in most of its product categories. It has almost more than 200 subsidiaries and operates in more than 25 countries. . The company reformed in corporate governance and the new management system for resource allocation and performance measurement is based on economic value added (EVA). In this case our analysis is focused on influence of bank system on corporation, corporate governance reform, difficulties the president faced in reform. Moreover, we also discuss EVA system, its effectiveness and pros and cons. Corporate Governance It is set of mechanism that describes the relationship between board of directors, top management and shareholders, means it takes into account the self-interested controllers of company. It also deals with agency problem. It contains two models: one is ‘control model’; that discusses control from inside boards...
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...Продолжающееся преобразование Асахи Глас (Asahi Glass): применение EVA Тошия Ивасаки, основавший нашу компанию в 1907 году, после множества неудач удалось преуспеть в организации первого в Японии производства плоского стекла. Он говорил: “Никогда не следуйте по самому простому пути, боритесь с трудностями.” Он построил корпоративную культуру таким образом, чтобы иметь возможность решать самый трудные проблемы. Шиня Ишицу, Президент и генеральный директор (CEO) Шиня Ишицу был в трудной ситуации в своём подразделении. Являясь президентом и генеральным директором Asahi Glass (AGC) он руководил базирующейся в Японии многонациональной корпорацией по производству плоского стекла, химии, электроники и дисплеев, с ежегодной стоимостью продаж в размере 1,3 трлн. японских йен, и с самой большой рыночной долей на мировом рынке большинства категорий свои товаров. По всему миру AGC контролировала сеть из более чем 200 дочерних предприятий и филиалов в 25 странах, генерируя операционной прибыли (operating profit) от операций за рубежом в размере 52,4 миллиарда японских йен в 2003 финансовом году. Это шестое место среди самых крупных Японских предприятий[1]. (Финансовую информацию см. в Приложении 1, участие AGC на мировом рынке – Приложение 2.) После того, как он был назначен на должность президента и генерального директора в 1998 году, Ишицу положил начало ряду существенны изменений структуры компании и её корпоративной культуры для...
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...Of Asahi Glass: Implementing EVA ASAHI GLASS CORPORATION Fondata in Giappone nel 1907 da Toshiwa Iwasaki, Asahi Glass Corporation è uno dei principali produttori di lastre di vetro a livello globale. I principali settori produttivi in cui opera sono : vetri automobilistici, prodotti chimici, vetri per schermi, prodotti elettronici, pannelli di vetro. Sull’onda del boom economico successivo al termine della seconda guerra mondiale, vista la qualità dei suoi prodotti e la crescita della domanda, AGC incomincia ad espandersi internazionalmente dislocando unità produttive nei paesi del sud-est asiatico, per poi approdare tra gli anni 80 e 90 nei mercati europei e statunitensi grazie all’acquisto nel 1981 di Glaverbel e MaasGlas in Europa e di AFG Industries negli Stati Uniti nel 1992, affermando la sua presenza nella maggior parte dei paesi del mondo. Nel 2003 le vendite dei prodotti di vetro contano per il 54%, prodotti elettronici e schermi 24%, prodotti chimici 19% e 3% per gli altri prodotti. Nella maggior parte delle categorie AGC risulta essere il leader mondiale o il secondo maggior competitor. Nonostante l’ottima posizione di AGC nel mercato, Shinya Ishizu, a partire dal conferimento dell’incarico di CEO nel 1998, inizia ad apportare profondi cambiamenti alla compagnia sia dal punto di vista organizzativo che culturale introducendo riforme sulla corporate governance, un nuovo sistema di allocazione delle risorse e valutazione delle performance del management (EVA), col...
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...International Finance: A Course Overview Mihir A. Desai* Harvard University and NBER ABSTRACT This paper describes the International Finance course at Harvard Business School for instructors considering adopting the associated material. The paper begins by arguing that the forces of globalization have fundamentally changed the scope and activities of firms thereby altering the practice of finance within these firms. As a consequence of an increasing reliance on tightly-integrated foreign operations, a parallel world of finance has been opened within every multinational firm and this world has, heretofore, been overlooked. The course materials are designed to address the many aspects of financial decision making within global firms prompted by these changes that are not addressed in traditional materials. The paper provides an overview of the structure of the course and its seven modules with particular emphasis on the three modules that constitute the core of the course. The paper also describes an analytical framework that has been developed through the creation of the course materials to guide critical financial decisions on financing, investment, risk management and incentive management within a multinational firm. This framework emphasizes the need to reconcile conflicting forces in order for multinational firms to gain competitive advantage from their internal capital markets. The paper concludes with a discussion of the course's pedagogical approach and detailed descriptions...
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...The Journal of Neuroscience, March 24, 2010 • 30(12):4467– 4480 • 4467 Development/Plasticity/Repair Demonstration of a Neural Circuit Critical for Imprinting Behavior in Chicks Tomoharu Nakamori,1,3 Katsushige Sato,2,4 Yasuro Atoji,5 Tomoyuki Kanamatsu,6 Kohichi Tanaka,1 and Hiroko Ohki-Hamazaki1,3,7 1 Laboratory of Molecular Neuroscience, School of Biomedical Science and Medical Research Institute and 2Department of Physiology and Cell Biology, Faculty of Medicine, Graduate School, Tokyo Medical and Dental University, Bunkyo-ku, Tokyo 113-8519, Japan, 3Division of Biology, College of Liberal Arts and Sciences, Kitasato University, Sagamihara, Kanagawa 228-8555, Japan, 4Department of Health and Nutrition Sciences, Faculty of Human Health, Komazawa Women’s University, Inagi-shi, Tokyo 206-8511, Japan, 5Laboratory of Veterinary Anatomy, Faculty of Applied Biological Sciences, Gifu University, Gifu 501-1193, Japan, 6Department of Environmental Engineering for Symbiosis, Faculty of Engineering, Soka University, Hachioji, Tokyo 192-8577, Japan, and 7Recognition and Formation, Precursory Research for Embryonic Science and Technology, Japan Science and Technology Agency, Kawaguchi, Saitama 332-0012, Japan Imprinting behavior in birds is elicited by visual and/or auditory cues. It has been demonstrated previously that visual cues are recognized and processed in the visual Wulst (VW), and imprinting memory is stored in the intermediate medial mesopallium (IMM) of...
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...2012 Doing business in a more transparent world C O M PA R I N G R E G U L AT I O N F O R D O M E S T I C F I R M S I N 1 8 3 E C O N O M I E S © 2012 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org All rights reserved. 1 2 3 4 08 07 06 05 A copublication of The World Bank and the International Finance Corporation. This volume is a product of the staff of the World Bank Group. The findings, interpretations and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; telephone: 978-750-8400; fax: 978-750-4470; Internet: www.copyright.com. All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818...
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...THE PDMA HANDBOOK OF NEW PRODUCT DEVELOPMENT T HIRD E DITION Kenneth B. Kahn, Editor Associate Editors: Sally Evans Kay Rebecca J. Slotegraaf Steve Uban JOHN WILEY & SONS, INC. Cover image: © Les Cunliffe/iStockphoto Cover design: Elizabeth Brooks This book is printed on acid-free paper. Copyright © 2013 by John Wiley & Sons, Inc. All rights reserved Published by John Wiley & Sons, Inc., Hoboken, New Jersey Published simultaneously in Canada No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 7486008, or online at www.wiley.com/go/permissions. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with the respect to the accuracy or completeness of the contents of...
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...life as a whole and the distribution of unpaid work as well as the myriad questions relating to employment. This important anthology brings together the thinking of leading philosophers, economists and lawyers on this complex subject. Selected recent articles from the multidisciplinary International Labour Review are assembled for the first time to illuminate questions such as how we should define equality, what equal opportunity means and what statistics tell us about differences between men and women at work, how the family confronts globalization and what is the role of law in achieving equality. There is an examination of policy – to deal with sexual harassment and wage inequality, for example, as well as part-time work, the glass ceiling, social security, and much more. A major reference on the best of current research and analysis on gender roles and work. Martha Fetherolf Loutfi has been Editor-in-Chief of the International Labour Review, a Senior Economist for the Brandt Commission and in the ILO’s Employment and Development Department and an associate professor of economics. She has written books and articles on employment, women, energy, environment, capital flows and foreign aid. Price: 40 Swiss francs WOMEN, GENDER AND WORK 30.11.2002 ILO c.i+iv_WomGend&Work WHAT IS EQUALITY AND HOW DO WE GET THERE ? WOMEN, GENDER WORK Edited by Mar tha Fetherolf Lout f i I N T E R N AT I O N...
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...gerry JoHnson KeVan sCHoles rICHard WHIttIngton Fundamentals oF strategy ACCESS CODE INSIDE unlock valuable online learning resources Once opened this pack cannot be returned for a refund Welcome to FUNDAMENTALS OF STRATEGY Strategy is a fascinating subject. It’s about the overall direction of all kinds of organisations, from multinationals to entrepreneurial start-ups, from charities to government agencies, and many more. Strategy raises the big questions about these organisations – how they grow, how they innovate and how they change. As a manager of today or of tomorrow, you will be involved in influencing, implementing or communicating these strategies. Our aim in writing Fundamentals of Strategy is to give you a clear understanding of the fundamental issues and techniques of strategy, and to help you get a great final result in your course. Here’s how you might make the most of the text: ● Focus your time and attention on the fundamental areas of strategy in just 10 carefully selected chapters. Read the illustrations and the case examples to clarify your understanding of how the concepts of strategy translate into an easily recognisable, real-world context. Follow up on the recommended readings at the end of each chapter. They’re specially selected as accessible and valuable sources that will enhance your learning and give you an extra edge in your course work. KEY CONCEPT AUDIO SUMMARY ● ● Also, look out for the Key Concepts and Audio Summary icons...
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...Comments on FUTURE SHOCK C. P. Snow: "Remarkable ... No one ought to have the nerve to pontificate on our present worries without reading it." R. Buckminster Fuller: "Cogent ... brilliant ... I hope vast numbers will read Toffler's book." Betty Friedan: "Brilliant and true ... Should be read by anyone with the responsibility of leading or participating in movements for change in America today." Marshall McLuhan: "FUTURE SHOCK ... is 'where it's at.'" Robert Rimmer, author of The Harrad Experiment: "A magnificent job ... Must reading." John Diebold: "For those who want to understand the social and psychological implications of the technological revolution, this is an incomparable book." WALL STREET JOURNAL: "Explosive ... Brilliantly formulated." LONDON DAILY EXPRESS: "Alvin Toffler has sent something of a shock-wave through Western society." LE FIGARO: "The best study of our times that I know ... Of all the books that I have read in the last 20 years, it is by far the one that has taught me the most." THE TIMES OF INDIA: "To the elite ... who often get committed to age-old institutions or material goals alone, let Toffler's FUTURE SHOCK be a lesson and a warning." MANCHESTER GUARDIAN: "An American book that will ... reshape our thinking even more radically than Galbraith's did in the 1950s ... The book is more than a book, and it will do more than send reviewers raving ... It is a spectacular outcrop of a formidable, organized intellectual effort ... For the first time in history...
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...Corporate Financial Accounting and Reporting Tim Sutton second edition Corporate Financial Accounting and Reporting We work with leading authors to develop the strongest educational materials in business and finance, bringing cutting-edge thinking and best learning practice to a global market. Under a range of well-known imprints, including Financial Times Prentice Hall, we craft high quality print and electronic publications which help readers to understand and apply their content, whether studying or at work. To find out more about the complete range of our publishing please visit us on the World Wide Web at: www.pearsoned.co.uk Corporate Financial Accounting and Reporting Second Edition Tim Sutton Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies throughout the world Visit us on the World Wide Web at: www.pearsoned.co.uk First published 2000 Second edition published 2004 © Financial Times Management 2000 © Pearson Education Limited 2004 The right of Timothy G. Sutton to be identified as author of this work has been asserted by him in accordance with the Copyright, Designs, and Patents Act 1988. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without either the prior written permission of the publisher or a licence permitting restricted copying in the United...
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...MÜSLÜMAT ALLAHVERDİYEVA B EYN Ə LXALQ MARK ETİN Q Dərslik Azərbaycan Respublikası təhsil nazirinin 26 aprel 2007-ci il tarixli 377 saylı əmri ilə təsdiq edilmişdir. BAKI-2010 Elmi redaktor: Rəycilər: dos. E.N.Kərimov prof. İ.A.Kərimli, dos. T.Ş.Şükürov Allahverdiyeva M.A. Beynəlxalq marketinq. Dərslik. Bakı: “İqtisad Universiteti” Nəşriyyatı, - 2010, - 444 cəh. Dərslikdə beynəlxalq marketinqin mahiyyəti, obyekti,funksiyaları,dünya iqtisadiyyatında onun yeri ,rolu,əhəmiyyəti,beynəlxalq marketinq mühitinin amilləri, beynəlxalq marketinq tədqiqatları,beynəlxalq bazarın tədqiqi, beynəlxalq marketinqdə əmtəə, qiymət, satış siyasəti, beynəlxalq marketinqin təşkili, idarə edilməsi v.s.məsələlərə diqqət yetirilmişdir. Dərslikdə 25 mövzu acıqlanmışdır.Məhşur firmaların fəaliyyəti situasiyalı məsələlərlə təhlil edilmiş, düşündürücü suallar verilmiş, beynəlxalq marketinqə aid bəzi terminlərin izahlı lügəti və nümunəvi testlər tərtib edilmişdir. Dərslik ali məktəb tələbələri, magistrləri, sahibkarlar və idarəetmə sahəsindəki mütəxəssislər ücün nəzərdə tutulmuşdur. © Allahverdiyeva M.A. - 2010 © “İqtisad Universiteti” Nəşriyyatı, - 2010 2 MÜNDƏRİCAT Мцяллифдян ................................................................................................. I BÖLMƏ BEYNƏLXALQ MARKETİNQ STRATEGİYASININ İNKİŞAFI Мювзу 1. Бейнялхалг маркетингин мащиййяти вя фяалиййят sferasы................. 1. Бейнялхалг маркетингин обйектив характери вя онун хцсусиййятляри.....
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