...Mg Rover Collapse Seminar 1: The English Patient and the Chinese takeaway: examining social responsibilities in the MG Rover collapse 1a. Main Stakeholders: - Phoenix Group -Longbridge site owners - Employees (6500, at Longbridge -Around 9-12,000 employees from West Midlands -BMW/shareholders from BMW -financial industry in general -Unions -Local communities -Chinese state owned Shanghai Automotve Industrial Corporation (SAIC) -Chinese company Nanjing Automotive -Deloitte -Creditors -Media -Government -British Tax Payers -Competitors -Suppliers of Longbridge Theory Mitchell's framework of stakeholder salience: ‘Determines the importance of stakeholders and categorizes them on the basis of salience, defined with regard to the attributes Power, Legitimacy and Urgency’ (Grisseri & Seppala, 2010) Stakeholder Power Legitimacy Urgency ‘Phoenix Group’ H H H Employees at Longbridge L H L BMW /Shareholders H H H Deloitte L H L Unions MG Rover customers (dealers) L L L SAIC H H H Nanjing Automative M M M/H British Government M/H H M/H Creditors Competitors of MG Rover Media H H M/H Local Community L L/M L Suppliers of Longbridge L/M L/M L 2. MG Rover's actions in the case in terms of Carrol's Pyramid of CSR (responsibilities and ranking, appropriate or inappropriate in this situation, could it have done more to treat its employees ethically?) Theory Carrol's Pyramid of CSR: ‘Corporate social responsibility includes the economic...
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...In order to develop a product for young people and considering we know what it is to be young, we decided we had to develop a product that included most of youth likes and interests such as: music, dancing, social interaction, going partying, etc, Then “Club Ride” appeared as a great opportunity: a bus that gives an idea of pre-party, providing certain feeling of a small space of about thirty people where they can drink, laugh, dance, and make new friends. What we offer is therefore not only a transport service but an entire experience of fun and music. Why? Simple! Inside the bus they would not only benefit from listening to great music and enjoying complete modern design (including sofas, poles, neon lights, etc.) but they will have the opportunity to drink for free as well. They will only have to pay the bus ticket which actually includes a free pass to the discotheques included in the tour and the drinks they have inside. However this project is not able to satisfy every young man or woman in Madrid specially because we have to consider that there are at least 371.226 young people from 20 to 24 years old (not even taking into account the 102.532 immigrants that arrived this last year to Madrid). With this great amount of potential customers, it is impossible to take into account the whole market, it is necessary to direct all the attention to those man/ woman who would actually need this product. In order to obtain enough information about the costumer’s behaviour,...
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...The closure of MG Rover REPORT BY THE COMPTROLLER AND AUDITOR GENERAL | HC 961 Session 2005-2006 | 10 March 2006 The National Audit Office scrutinises public spending on behalf of Parliament. The Comptroller and Auditor General, Sir John Bourn, is an Officer of the House of Commons. He is the head of the National Audit Office, which employs some 800 staff. He, and the National Audit Office, are totally independent of Government. He certifies the accounts of all Government departments and a wide range of other public sector bodies; and he has statutory authority to report to Parliament on the economy, efficiency and effectiveness with which departments and other bodies have used their resources. Our work saves the taxpayer millions of pounds every year. At least £8 for every £1 spent running the Office. The closure of MG Rover LONDON: The Stationery Office £12.25 Ordered by the House of Commons to be printed on 7 March 2006 REPORT BY THE COMPTROLLER AND AUDITOR GENERAL | HC 961 Session 2005-2006 | 10 March 2006 contents ExEcuTivE SuMMAry PArT 1 This report has been prepared under Section 6 of the National Audit Act 1983 for presentation to the House of Commons in accordance with Section 9 of the Act. John Bourn Comptroller and Auditor General National Audit Office 7 March 2006 The National Audit Office study team consisted of: Craig Adams, Tim Bryant, Alan Hartnell and Si Mathavan assisted by Santosh Gora, Daisy Hodgson, Laura Hughes, Kevin Manic and Robert...
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...ID No. Quiz1raw Quiz/50 Quiz2raw Quiz/48 Quiz3raw Quiz/49 average Quiz 30% of Final Grade Pre case 15% of Final Grade Post case 10% of Final case writing - 15% of Final case writing - 10% of Final Grade written Grade oral pres Grade Peer eval 10% of Final Grade absences attendance class part Class part average 10% of Final Grade 1 '11211326 2 '11015187 3 '11237988 4 '11229640 5 '11239832 6 '11211628 7 '11137630 8 '11242914 9 '11216158 10 '11220007 11 '11119020 12 '11228326 13 '11213760 14 '11235853 15 '11238208 16 '11108231 17 '11214414 18 '11142685 19 '11224150 20 '11221046 21 '11207299 22 '11225238 23 '11213493 24 '11133465 25 '10917543 26 '11236280 27 '11229152 28 '11230509 29 '11229764 30 '11125969 31 '11212012 32 '11101709 33 '11223375 42.50 48.50 50.00 51.50 44.50 45.00 49.50 45.00 50.00 42.00 47.00 49.00 44.50 46.00 35.50 50.50 44.50 46.00 41.00 41.50 44.50 52.00 37.00 44.00 39.50 45.00 43.50 34.00 43.00 47.00 45.00 42.00 48.00 85 97 100 103 89 90 99 90 100 84 94 98 89 92 71 101 89 92 82 83 89 104 74 88 79 90 87 68 86 94 90 84 96 28 47 37 47 46 29 40 35 39 45 32 41 23 31 31 42 37 46 37 36 39 36 33 36 37 43 36 36 48 31 41 29 36 58.33 97.92 77.08 97.92 95.83 60.42 83.33 72.92 81.25 93.75 66.67 85.42 47.92 64.58 64.58 87.50 77.08 95.83 77.08 75.00 81.25 75.00 68.75 75.00 77.08 89.58 75.00 75.00 100.00 64.58 85.42 60.42 75.00 41 51 43 45 38 44 44 42 44 43 30 39 46 39 35 46 45 40 49 50 50 49 39 35 38...
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...6.2. ACF AND PACF OF ARMA(P,Q) 109 6.2 ACF and PACF of ARMA(p,q) 6.2.1 ACF of ARMA(p,q) In Section 4.6 we have derived the ACF for ARMA(1,1) process. We have used the linear process representation and the fact that ∞ γ(τ ) = σ 2 ψj ψj+τ . j=0 We have calculated the coefficients ψj from the relation ψ(B) = θ(B) , φ(B) which (in case of ARMA(1,1)) gives the values ψj = φj−1(θ1 + φ1 ). 1 This allows us to calculate the ACF of the process ρ(τ ) = γ(τ ) . γ(0) Another way of finding the coefficients ψ is using the homogeneous difference equations. However, we may obtain such equation directly in terms of γ(τ ) or ρ(τ ). For ARMA(1,1) Xt − φXt−1 = Zt + θZt−1 we can write γ(τ ) = cov(Xt+τ , Xt ) = E(Xt+τ Xt ) = E[(φXt+τ −1 + Zt+τ + θZt+τ −1 )Xt ] = E[φXt+τ −1 Xt + Zt+τ Xt + θZt+τ −1 Xt ] = φ E[Xt+τ −1 Xt ] + E[Zt+τ Xt ] + θ E[Zt+τ −1 Xt ] Here we consider a causal ARMA(1,1) process, hence ∞ Xt = ψj Zt−j . j=0 CHAPTER 6. ARMA MODELS 110 This gives ∞ E[Zt+τ Xt ] = E[Zt+τ ψj Zt−j ] j=0 ∞ = ψj E[Zt+τ Zt−j ] j=0 = ψ0 σ 2 for τ = 0, 0 for τ ≥ 1. Also, ∞ E[Zt+τ −1 Xt ] = E[Zt+τ −1 ψj Zt−j ] j=0 ∞ = ψj E[Zt+τ −1 Zt−j ] j=0 ψ1 σ 2 for τ = 0, ψ0 σ 2 for τ = 1 = 0 for τ ≥ 2. Furthermore, ψ0 = 1 ψ1 = φ + θ. Putting all these together we obtain γ(τ ) = φ E[Xt+τ −1 Xt ] + E[Zt+τ Xt ] + θ E[Zt+τ −1 Xt ] φγ(1) + σ 2 (1 + φθ + θ2 ) for τ = 0, φγ(0) + σ 2...
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...DIRECTIONS TO THE CINCINNATI OFFICE Directions from the Greater Cincinnati/Northern Kentucky International Airport (or from Indiana) Take I-275 East Take I-75/I-71 North to Cincinnati. When approaching the Brent Spence Bridge, move into the right-hand lane marked I-71 North (Columbus). Continue on I-75/I-71 North across the bridge over the Ohio River. Take Exit 84 toward Cincinnati and proceed past the stadiums. Follow the sign I-71 North – Columbus. Take the Smith/Edwards Road Exit 6. Turn left onto Edmondson Road at the light at the end of the ramp. Our building is the first office building on the right after you cross over the expressway. Enter the first driveway after you pass the building. Enter the lobby of the 4000 building and take the elevator to 5th floor. Directions from I-75 South When approaching Downtown Cincinnati, get in the far left lane. Take the Fort Washington Way / I-71 North exit. Move across the lanes into the far right hand lane while traveling around Downtown Cincinnati past the stadiums. Follow the sign I-71 North – Columbus. Take the Smith/Edwards Road Exit 6. Turn left onto Edmondson Road at the light at the end of the ramp. Our building is the first office building on the right after you cross over the expressway. Enter the first driveway after you pass the building. Enter the lobby of the 4000 Building and take the elevator to 5th floor. Directions from I-71 South Take I-71 South to the Smith/Edwards...
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...MG Rover case PART A: 4. SET OUT THE MAIN STAKEHOLDERS IN THE MG ROVER BUSINESS AT THE TIME OF ITS COLLAPSE. HOW WOULD YOU DETERMINE THE RELATIVE IMPORTANCE OF THEIR STAKE? During the troubled times at MG Rover business, the main stakeholders were: BMW The UK Government Shanghai Automotive Industrial Corporation (SAIC) Employees of MG Rover, both workers as well as employees part of the supply chain. Phoenix Four and, Nanjing Automobiles. The importance of each of the stakeholders can only be a matter of one’s opinion. The Chartered Quality Institute (CQI) says that the meaning of Stakeholders normally varies and is extremely contextual in nature. (CQI, n.d.). However, CQI (n.d) adds that in business parlay, the term ‘Stakeholder’ can be equated with any third party who has an ‘interest’ in the end result. (CQI, n.d.). The six main stakeholders at MG Rover are listed above, who had a direct interest in the economic outcomes at the business. Perhaps the most important stakeholder was the several employees at MG Rover. The corporate battles and Government interventions first provided them hope of continued employment and stability, then, squashed these very hopes. The employees did not have a direct role in the fortunes of the company. They were not the people implementing the strategies at MG Rover. However, their stake in the company was beyond any comparison. Their livelihood, future and needs for basic requirements fluctuated with the fortunes of the company...
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...Table of Contents Executive Summary 2 Problem Statement 2 Situation Analysis Company Objectives 2 Company Background 3 S.W.O.T. Analysis 4 Market Analysis 5 STEEPL 6 Consumer Analysis 7 Case Keys 8 Alternatives 9 Recommendation 10 Action Plan 10 Contingency Plan 11 Appendix A Exhibit 1 Segmentation Chart 12 Bibliography 12 Executive Summary MMI Product Placement Inc., established in 1985, is the pioneer in the business of product placement in Canada. MMI leveraged its relationship with the Canadian entertainment industry to incorporate its clients’ brands into films and TV shows. Greyhound, the country’s largest provider of intercity bus transportation, recruited MMI services to provide cost-effective ways to communicate its marketing message to consumers. Philip Hart, president of MMI, was preparing to make a final pitch to sign up Greyhound as client. For Greyhound, the major competitors include VIA Rail, owned automobile, and airline transportation companies. The consumer segmentation can be divided into three groups including college and university students, newer professionals and established professionals. The target market will be age 18 to 24 college and university young professionals. Philip Hart needs to decide which promotional vehicle would be best for Greyhound’s product placement. The alternative choices include to stick with traditional advertising, or product placement on TV series shows like “Corner Gas” or...
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...BUSINESS PLAN Wise Choice Tours and Bus Services The Company Wise Choice Tours and Bus Services (WCTBS) is a new sightseeing company in its formative stages. It is owned and managed by entrepreneur Michael Miles. The company is located in the capital city of Georgetown. It is being organized to take advantage of a specific gap in the local sightseeing tour market. The gap exists in high quality, reasonably priced sightseeing tours in the nation's capital away from the city centre, indicating that a new entrant tour company could be expected to capture a significant portion of the current sightseeing tour market. The Company's Mission WCTBS’ mission is to provide safe, reliable and fun sightseeing tours and bus services to our customers. Six of the buses will be used for tours locally, three for tours to Suriname, Venezuela and Brazil. With a combination of clean buses, friendly and informative and helpful driver guides along with outstanding customer service, WCTBS intends to lead the other companies and make our standards their ambition. Objectives WCTBS will have as it primary objectives the following elements: To establish and operate a new tour company and bus service aiming specifically at touring the monuments, memorials, museums, and government buildings of the capital city as well as touring the historic and picturesque regions of Guyana. To implement an organizational and marketing strategy that will, beginning in the first months of operation, achieve...
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...Introduction Greyhound Lines, Inc., headquartered in Dallas, Texas is the only nationwide provider of scheduled intercity transportation in the United States. As seen on Greyhound’s web site in 2001 they had more then twenty five million passengers aboard their bus lines and consolidated revenue was $1,022.4 million. Greyhound’s fleet consists of more then 2,300 buses which arrive and depart from one hundred and twelve company-operated terminals and approximately one thousand seven hundred agency-operated terminals. In 2001, the number of employees nationwide on payroll was twelve thousand and of that amount, approximately thirty six percent are drivers. Greyhound bus lines operate a vigorous schedule of twenty-four hours a day, seven days a week. All buses are equipped with air conditioning, restrooms, tinted windows and reclining seats and since its inception in 1914, Greyhound has also expanded into other lines of services which include food, package express services and charter services. In 1998, Greyhound Lines, Inc. showed a profit of 35.2 million dollars which was much to celebrate considering that a profit hasn’t been seen since 1993. However, in 1999 there is a net loss of 16.3 million dollars. This Greyhound Lines, Inc. case study will address many key issues that must be examined in order to put Greyhound back on track, and the recommendations that will follow will try to help Greyhound stay on the road to recovery. Summary of Business & Case Americans...
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...BUS 317 Strategic Management Management Report for SMRT Corporation By: Subash S/O Tharumalingam Table of Contents 1. Executive Summary 4 2. Introduction 5 3. Current Company Situation 5 3.1. Past Performance Assessment 6 4. External Environment Analysis - PESTEL 6 4.1. Political 6 4.2. Economic 6 4.3. Socio-Cultural 7 4.4. Technology 7 4.5. Environment 8 4.6. Legal 8 5. Industry Analysis 9 5.1. Porter's Five Forces 9 5.2. Competitor Analysis 9 6. Internal Environment Analysis 10 6.1. Financial Performance 10 6.2. Value Chain 11 6.3. Key Success Factors 12 6.4. Core Competencies 14 6.5. SWOT Analysis 15 6.6. Objectives 16 6.7. Key Issues Identified 17 7. Development Strategies 17 7.1. Strategies base on SAVED 17 7.1.1. Strategy One: 17 Venture into tourism by providing two-way transport services to Johor Premium Outlets, Legoland and Hello Kitty Land from Singapore for families and schools 17 7.1.2. Strategy Two: 19 SMRT to provide transport services mainly for tourists to send them to their hotels from airport and partnership with budget hotels chains and hostels. 19 8. Selection of alternatives 21 8.1. Chosen Alternative 21 8.2. How is the chosen alternative superior to the rejected alternative? 21 8.3. Weakness of the chosen alternative and how to overcome 22 9. Implementation 22 10. Evaluation and Control 23 11. Conclusion 23 12. References 24 13. Appendix 27 13.1. Appendix 1: SMRT Operating Metrics 27 13.2. Appendix 2: Porter’s Five Forces 28 13.3...
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...miles downstream and back. The trip downstream took 10 hours. The trip back took 70 hours. What is the speed of the boat in still water? What is the speed of the current? ©u R2F0S1g2X 9Kiuat6a6 zSvoLfTtEwGaTrXeL 4LsLAC8.E g JATlXlk OrJiZg3hutWs2 GrSezsGecryvQexdO.6 x lMEardgea bwSi8tBhE FImnafAi8n8iatPeb zA8lWgteobsrHaR t1a.E -1- Worksheet by Kuta Software LLC 7) The state fair is a popular field trip destination. This year the senior class at High School A and the senior class at High School B both planned trips there. The senior class at High School A rented and filled 8 vans and 8 buses with 240 students. High School B rented and filled 4 vans and 1 bus with 54 students. Every van had the same number of students in it as did the buses. Find the number of students in each van and in each bus. 8) The...
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...1.0 INTRODUCTION School bus has become an important facility in supporting parents at the grassroots in picking and dropping their children off at school. However, the challenges faced by Local Authorities (LA) in terms of demands and funding cannot be over emphasised. One of such LA faced with this dilemma is Middleton Local Education Authority (LEA) which has been chosen for the purpose of this study. In order to address this problem, a statement of the problem is defined with reference to the presenting issues. Secondly, the aims and objectives of this study is stated in an attempt to resolve the presenting issues. Thirdly, key definition of terms is addressed with reference to the school bus problem. Fourthly, a critical review of the literature whilst putting into perspective the methodologies adopted in research. Furthermore, findings from different approaches using computer programs to address the school bus problem are highlighted. In addition, a critical analysis of the school bus problem is attempted whilst putting into perspective transportation management systems, public policy and compliance, appreciation of public transport design and sustainable transport systems. An understanding and knowledge of UK based transport systems is demonstrated with an application to the case study problem. Lastly, limitations are acknowledged, recommendations and conclusions are drawn. Within this, future challenges relating to the school bus problem with reference to transportation...
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...* CONTENTS PAGE no. 1. Dynamic Economy 1-2 2.1. Strategies for further development 2. Integrated Transportation system 3-5 3.2. Failures 3.3. Strategies 3. Green city: Environmental Sustainability 5-6 4.4. Failures 4.5. Strategies 4. Distinctive Singapore Identity 7 5.6. Failures 5.7. Strategies 5. Online references 8 * Land Use Plan 2030 Singapore and A New Vision To it Creating Dynamic Economy * Creating a dynamic economy which will generate good jobs, opportunities and resources so as to invest in the city and the people thus help them achieve their aspirations. As poor growth also affect the people who are less educated and the employment. * Looking at the demographic profile it is seen that Singaporeans are becoming better educated with 70% of citizens aged 25-29 have diploma qualifications and above. By 2030 the expected rise in PMET jobs will be nearly 50% to about 1.25 million compared to 850,000 today while the other non-PMET jobs are expected to fall by 20% to about 650,000 compared to 850,000 today. By 2030, two-third jobs will be held by Singaporeans compared to about half today. * To create this number of good jobs it is needed to i. remain competitive to tap Asia’s growth, ii. make a strong Singaporean workforce, iii. Complement the Singaporean core with the foreign workforce. * Creating more commercial and...
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...Waste Land" by Alan Paton Describe a surprising ending and analyse how it links to the rest of the text. “The Waste Land” by Alan Paton, is about a man who is on a bus. When he gets off the bus, he is attacked by several young men and it is suggested that the men want his purse which contained his wages. This short story has a surprising ending and it helps the reader understand other parts of the text that foreshadowed the ending. “The Waste Land” is very surprising as it ends with the man’s son having been killed in the incident. The short story ends with the narrator realizing that one of the men that have just attacked him was in fact his very own son and that he has just killed his son. When the gang dumps Freddy’s body under the lorry, where the man is, the man moved away from the body as if not wanting to accept his son’s death. The narrator displays the father’s shock and mental agony. This ending is linked to the title as “The Waste Land” suggests that the setting is very desolate, people are desperate and that the people will do anything to help themselves in their time of need even betray their own family. This is shown when the man says “People, arise! The world is dead.” This illustrates how the defender thinks that the world is corrupt. The attackers having waited for him by the bus stop shows that they knew that he would be there thus supports his son having a part in the gang. The ending is foreshadowed by the gang waiting for him to arrive, which shows...
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