...Balanced scorecard is an analysis technique designed to translate an organization's mission statement and overall business strategy. An organization can use the balance scorecard analysis to track progress and manage the implementation of their strategies. The scorecard measures an organization’s performance from four perspectives: (1) financial, the profits and value created for shareholders; (2) customer, the success of the company in its target market; (3) internal business processes, the internal operations that create value for customers; (4) learning and growth, the people and system capabilities that support operations. A company’s strategy influences the measures it uses to track performance in each of these perspectives (Horngren, Datar, & Rajan, 2012, p. 470). UNUM’s success with its balanced scorecard has been the result of getting a number of fundamental things right (Building and Implementing a Balanced Scorecard, Case Study: UNUM Corporation, 1999, p. 13). Vision and Strategy, the vision is the future and the gap between now and the future leads to a plan of action to achieve the vision. How we get to the future involves strategies. UNUM’s strategic goals and measures are to support a clearly defined and meaningful corporate vision (Building and Implementing a Balanced Scorecard, Case Study: UNUM Corporation, 1999, p. 2). Each perspective in UNUM has a vision, quantitative measure and goal. What makes the UNUM scorecard particularly powerful is the strategic implementation...
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...Mandatory Supporting Documents Parts A, B, C & D of the Form duly filled in (in case any of the parts is not applicable, please mark accordingly) Proof of incorporation of the applicant dealer i.e. Copy of deed of constitution (partnership deed (if any), certificate of registration under the Societies Act, Trust deed, Memorandum and Articles of Association etc) duly certified by the authorised signatory Proof of identity of authorised signatory signing the Registration Application Form Two self addressed envelopes (Without stamps) In case of a dealer applying for registration and simultaneously opting for payment of tax under composition scheme, please attach application in Form DVAT 01 along with this application Proof of Security along with duly filled Form DVAT-12 Optional Supporting Documents (For reduction in Security Amount) Proof of ownership of principal place of business Proof of ownership of residential property by proprietor/ managing partner Copy of passport of proprietor/ managing partner Copy of Permanent Account Number in the name of the business allotted by the Income Tax Department Copy of last electricity bill (The bill should be in the name of the business and for the address specified as the main place of business in the registration form) Copy of last telephone bill (The bill should be in the name of the business and for the address specified as the main place of business in the registration form) Reasons for Rejection (For Office Use Only) Please...
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...Schenk Liberty University BUSI 642 3 June 2012 Case Study 3 Building Assets to Ensure That the Lowest-Level Employees Are Not Left Behind According to the case study, managers are undoubtedly conscious of the convincing indication that authorizes that companies stand to increase when they distribute their profits with personnel. Furthermore, the article demonstrates how managers are mindful of the disagreement that to interest favorably experienced workers, companies must offer bonuses like higher salaries and stock options. This study detonates the misunderstanding that fiscal incentives function too inversely across the corporate scale to be exchangeable to low-level employees. Through widespread examination of asset building throughout all stages of the business, this study determines how one company decreased their turnover rates in half and reduced accident rates as well as training and recruitment expenses. There are several challenges of designing an asset-building program presented in this case study. Managers have a responsibility to cultivate a work atmosphere where the employee meets the requirements of the organization, and the organization meets the necessities of the employee. How to choose the right incentives so the profit sharing plan will motivate the employees is a difficult decision for any organization. In this case study, profit at the bottom of the ladder, building assets, linking asset building programs to improved performance are thoroughly examined...
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...affirmative defenses that George can use against her should not respond to George’s complaint as an answer implies an admission write a letter to the judge saying that George is mistaken answer George’s complaint by admitting or denying the allegations George has asserted against her 2.) Which of the following is true of The Federal Arbitration Act? It permits an appeal for all arbitration awards. It provides that arbitration agreements are valid, irrevocable, and enforceable. It governs all types of alternative dispute resolution. It applies only to breach of contract disputes. 3.) Which of the following is true of arbitration? A resolution may or may not be reached. One party usually drops the case. Parties can introduce evidence to support their case. A judicial referee makes recommendations to the parties. 4.) Which form of alternative dispute resolution occurs when the parties choose an impartial third party to hear and decide their dispute? Mediation Conciliation Arbitration Minitrial 5.) Which of the following is true of a corporation? A corporation terminates upon the death of an owner. Corporation shareholders are subject to unlimited personal liability. A corporation is a separate legal entity. Corporation owners are only taxed once on earnings. 6.) The Black Squirrel limited partnership has been in operation for many years, but has recently fallen on hard times. The partners have decided to dissolve, although there are few assets...
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...A business will have two or more options at its establishment to get the premises within which it will operate. It can build or hire a premise, but it can also franchise. Franchising is a strategy by which a business gets a premise by buying and not building or hiring. In franchising thus, the business purchases a building that is already complete and starts operating in it immediately. This is for different reasons. LIVEPAPERHELP.COM is able to write and provide the best tailor made essay on Franchising Franchising is becoming popular in the acquisition of business premises. There are many reasons for the high rates of franchising experienced in many economies. Many businesses are extending their operations by franchising and this is done on many grounds. There are various reasons to justify franchising albeit the challenges. The building of new premises for business is time consuming. The time taken for legalization procedures in the acquisition of land is rather long. There are many bureaucratic steps to be followed pegged on law. Franchising however solves this problem. In franchising, a business does not have to undergo through all the processes of land acquisition for the construction to take place what happens is simply property exchange and business starts. The time wasted between land acquisition and completion of construction for business to commence is used in business operation and this earns the business more profits. The current global costs of construction...
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...Rosy E. Acuna ACCT. 500 October 20, 2013 BUSINESS CASE # 2 Twin Peaks Building Supplies The business environment has dramatically changed in the last two decades. Competition has severely intensified. The instant access to information via computers, smart phones, tablets, etc. allow consumers to compare prices and purchase merchandise from anywhere in the world. In addition, we have witnessed a considerable growth in retail chain companies such as Home Depot, Wal-Mart, Costco, etc. These big chains command the power and the volume to offer low prices and a vast variety of products. Offering consumers not only low prices, but in many cases a one stop shop. The arrival of these big chain companies in many cases has been the demise of small privately own business that cannot compete in price, volume, and number of products offered. Furthermore, the recent recession has left consumers cautious about their spending. Twin Peaks Building Supplies is facing major financial problems, which have forced the owners to immediately take action and identify current major issues, contributing factors, and possible solutions. Twin Peaks Building Supplies has operated under new management for nine months, of which only the first six were profitable. The owners must identify and address the major problems the company is facing and bring it to a profitable level. They need to evaluate the company’s financial worth. How much of the company’s purchase price consisted of goodwill? Goodwill...
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...-HOW IS BUILDING A BRAND IN BUSINESS-TO-BUSINESS CONTEXT DIFFERENT FROM DOING SO IN THE CONSUMER MARKET?? A- Not essentially different, I think. if a business markets to another business, that other business is a customer just like any other: it's in search of some specific value that a business may provide. The scale of the purchasing power between consumer and business market is about the same in most cases. The existence of consumers with similar needs creates consumer markets. And there exist businesses with similar needs to each other, so the marketing principles, brand-building or otherwise, remain essentially the same. B- But there has to be an essential difference for business-to-business in the fact that both marketer and buyers are oriented toward a market in the same essential way> Consumers are not oriented towards selling to a certain market, so this dynamic is simply absent from them. Consumers have needs (or wants, in any case), which is a fundamental component of the entire market system. Business-to-consumer marketing is based on those, and therefore the entire branding system is too, whereas business-to-business marketing is derivative of the consumer market. D- On the contrary, brands function essentially the same way for any marketing scheme, regardless of whether a market is derivative of another or not. in either case, brand-building is a matter of associating a customer's desired value--- or business's desired value, if the business is the...
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...Hefty Case Study IST 7100 IT Policy and Strategy Wilmington University Hefty Hardware Case Study Summary: Hefty Hardware has distinguished correspondence problems between their IT division and their business establishment. Associate investigation was performed and disclosed that Hefty Hardware had two center problems, the most issue distinguished was a distinction between the IT Department and also the business establishment. Two arrangements that were projected to overcome any hindrance between the two units were cluster building making ready and further hands. There complimented arrangement is to present cluster building making ready to each division on an individual basis which is able to allow them to perform as a gaggle to and construct their center business structure to boost however they do their employments, which is able to wipe out the need for additional hands. The second center issue that was distinguished was extremely discovered to be two-fold, there have been problems with correspondence between the IT workplace and also the Business division and also the place of business whined of the IT workplace taking too long to end a venture that disclosed a amount administration issue within the IT office. once the examination was finished it absolutely was recommended that the IT workplace and also the Business division expertise making ready for roaring correspondence. The compelling correspondence making ready can instruct the units to concentrate adequately...
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...6301/$ - see front matter 2010 Elsevier Ltd. All rights reserved. doi:10.1016/j.lrp.2009.12.005 68 percent of the families of Grameen Bank borrowers have crossed the poverty line. Motivation towards repayment is high, with rates currently running at 98.4 percent, and the bank has been profitable in every year of its existence except 1983, 1991 and 1992. The socially-oriented organizations in the Grameen Group now range from the country’s largest phone company to one supplying affordable healthcare. The Group’s on-going experience (over almost 30 years) of building firms whose purpose is to alleviate poverty has led to the emergence of the concept of ‘social business’, which can be viewed as still being under construction. Established multinational companies (MNC) have recently shown some interest in the Grameen experience and in its fight against poverty as part of a more general emphasis on corporate social responsibility (CSR). However shareholder value maximization remains the rule in the capitalist system, and e clearly e the reconciliation of this with social objectives is often problematic. Thus, although advocates of CSR like to propose that companies should be measured by a ‘triple bottom line’ of financial, social and environmental benefits, ultimately only one bottom line usually matters: financial profit. However, research has shown that, if managed strategically, CSR projects can indeed pay off, both socially and financially.1 In the midst of the...
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...To: Dr. Otterham From: Cathy Buchanan Re: Case 3: Qualified Rehabilitation Expenditures Date: June 7, 2014 Executive Summary: Case three was centered around two key debates falling under IRC §47. The first was whether or not moving a building was basis enough for disallowing rehabilitation expenditures credit and the second was whether the expenses incurred in moving the building qualify as qualified rehabilitation expenditures. The taxpayer’s defense in this case was built largely on the stance that statutory language was misaligned with original Congressional intent and that the IRS was interpreting the original legislation too narrowly. I agreed with the Taxpayer’s view in this case thanks in large part to the relevant Nalle case decision she cited and the precedential value it had coming from the U.S. Court of Appeals. The taxpayer also presented numerous similar cases of instances in which regulations were misaligned with original congressional intent. Although I side with the taxpayer in the form of the $3,000 rehabilitation expenditures credit, I agree with the IRS’s stance that the moving expenses are not qualified rehabilitation expenditures. I agree with the IRS because of their ability to provide a relevant Supreme Court decision that showed the moving expenses should be capitalized as part of the acquisition cost- basis of the building and thus not allowed as rehabilitation expenditures since acquisition costs are disallowed...
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...John Smith's Tax Issues Issue (a): How is the $300,000 treated for purposes of federal tax income? Applicable Law and Analysis Code Section 61(a) lists fifteen items that must be included in gross income. Number 1 on this list is compensation for services including fees, commission, fringe benefits and similar items. Number 2 is gross income derived from business (¶4301, reference 1). This is important because the $300,000 was a fee received as compensation for service as a lawyer. Also, as a lawyer, fees received are income derived from business. Compensation for services is taxed when received (under cash basis) and at fair market value (¶4315, reference 1). This means the $300,000 is taxed in the year it is received and at the full value since the fair value of cash is the value at the time of transaction. Conclusion Based on Code Section 61(a) it is understood that the fee that is paid is compensation for the services performed by Mr. Smith and also part of his gross income from business. It is assumed that Mr. Smith will be reporting his taxes as a cash basis tax payer. Since this is the case, the full value of the $300,000 is taxed as gross income from last year (when it was received). Issue (b): How is the $25,000 treated for purposes of federal tax income? Applicable Law and Analysis Code Section 61(a) lists fifteen items that must be included in gross income. Number 1 on the list is compensation for services including fees, commissions, fringe...
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...Skadurz Pro Firm Overview Skadurz Pro is a family owned and operated business, Joel St. Marseille is the owner and his mother Connie St. Marseille is the full time manager. Skadurz Pro sells skateboard and snowboard equipment as well as clothing, shoes, and accessories and is located in Sudbury, Ontario. The case issue with Skadurz Pro is the decision of which store to keep open, the South End location where the building is up for sale and the future of the building and store is unknown and dependant on the buyer of the building or the New Sudbury location where competitor West 49 would be opening a store right across the street. Internal Perspectives Keeping the South End location, leads to an unknown future for the company. Will the new building owner want to renew the stores lease? Keeping the New Sudbury location open where competitor West 49 is moving in will affect store sales. Is it worth the risk to keep that location open? This store has been open at this location for 10 years and is well known by customers. St Marseille worries about the success of the New Sudbury location once West 49 opens and estimates that in fiscal year 2004 annual store sales at this location would total $350,000 and all other expenses would remain comparatively stable. External Perspectives The skateboarding and snowboarding business in Ontario has really grown. Skateboarding became a popular sport and by 2004 there were nine city skateboard parks and plans to construct...
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...CASE:Future Cola of Wahaha Group Co.Ltd,China Sun, Jianfei 2010 Laurea Leppävaara Laurea University of Applied Sciences Laurea Leppävaara Brand Image in Cola Drinks CASE: Future Cola of Wahaha Group Co.Ltd,China Jianfei Sun Degree Programme in Business Management Thesis April, 2010 Laurea University of Applied Sciences Laurea Leppävaara Degree Programme in Business Management International Business-to-Business Marketing Abstract Jianfei Sun Brand Image in Cola Drinks; Case: Futre Cola of Wahaha Group Co.Ltd, China Year 2010 Pages 45 In Chinese beverage market, there are three mainly cola brands, Coca cola, Pepsi and Future Cola, these three brand share almost 90% cola market, so that competition is omnipresent ,not only in the consumer market, but also very intensive in business to business market. Business-to-business brand building involves various aspects, for example, attributes of products and services, brand image, brand position, and B2B brand management, Wahaha Co., Ltd as a case company need to build brand image and find a solution on how to be a stronger brand in order to attract more potential customer. The theoretical context of this thesis lies in marketing management. The theoretical emphasis and framework is however in brand management: brand concepts, brand building and brand image. As the study is made in B2B environment the difference between B2B and consumer markets will be specified. The quantitative research method is used in the research...
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...Long Range Planning 43 (2010) 308e325 http://www.elsevier.com/locate/lrp Building Social Business Models: Lessons from the Grameen Experience Muhammad Yunus, Bertrand Moingeon and Laurence Lehmann-Ortega Grameen bank, founded in 1976, has both pioneered the development of micro-finance, and created nearly 30 businesses designed to alleviate poverty. The article traces the gradual development of Grameen’s expertise in formulating social business models, which require new value propositions, value constellations and profit equations, and as such, resembles business model innovation. The article presents five lessons learned from this experience: three are similar to those of conventional business model innovation e challenging conventional thinking, finding complementary partners and undertaking continuous experimentation; two are specific to social business models: recruiting social-profit-oriented shareholders, and specifying social profit objectives clearly and early. We suggest these new business models e where stakeholders replace shareholders as the focus of value maximization e could empower capitalism to address overwhelming global concerns. Ó 2010 Elsevier Ltd. All rights reserved. Introduction The Grameen Group is a network of nearly 30 sister organizations linked to the Bangladeshi Grameen Bank, the microcredit pioneer and (together with its founder, Muhammad Yunus, one of this article’s co-authors) 2006 Nobel Peace Prize winner. This group was established in...
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...Ireland, and around 200 are in continental Europe, Asia and the Middle East. Physical resources are resources that are available to a business in the form of buildings and other machineries needed for the day to day running of the organisation. Physical resources are the resources that are made by man through his abilities and skill. The buildings, technology, and many more products that are made by man is an example of physical resources. Buildings and Facilities All businesses need premises in which they work on, this can range from a living room to a supermarket. For some businesses the appearance of the business is vital as this is what attracts customers to the business but for other businesses for example, the Virgin Media head offices do not need to look aesthetically pleasing as customers do not go there. In the same way Next have warehouses to keep their stock in which do not need to look appealing as this will not be seen or used by their customers. On the other hand they sell their products in their stores and so without this physical resource the business would not be able to run. Next have a range of stores in the UK, where these buildings are located are essential because they have a strong impact on the people that work there and the customers also, having businesses in strong economic areas is a great advantage to the business. Materials and Waste The materials that are used at...
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