...International Inc. is a global automotive supplier, which manufactures auto parts, based in Aurora, Ontario, Canada. Magna consists of “285 manufacturing operations and 83 product development, engineering and sales centres in 29 countries, …[with] over 125,000 employees.” 2 Magna supplies auto parts to companies such as the Big 3, General Motors, Ford Motor Company, and Chrysler LLC. As well as, Tesla Motors, Volkswagen, BMW, Toyota, and other auto companies internationally. The vision that Magna stands by states: We aim to be our customers’ preferred global supplier partner for the automotive industry, by delivering the best value built on innovative products and processes and World Class Manufacturing. We strive to be the employer choice, an ethical and responsible corporate citizen and a superior long-term investment for our shareholders.[1] Here, this report will discuss some of the management strategies, and their control systems and processes that assist Magna deal with problems, improvements, and future growth of the organization. A “strategy specifies how an organization can create value for its customers while differentiating itself from its competitors”[2] In Magna’s Board Charter document, displays Magna’s Corporate Strategy, it displays the Strategic Planning Process that will be adopted. At the corporate and automotive system group levels, the business plans and strategies will be presented by the Executive Management and automotive systems group...
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...Seminar/Constructive Action: Intra & Entrepreneurship/Business Planning Course Code: FLD 521 PCA Course Description Students create an intra or entrepreneurial plan for the development and growth of a beneficial and profitable venture incorporating the necessary marketing, financial, legal, organizational and administrative components. Course Objectives After completing the course, the student will be able to: 1. Apply acquired business skills (finance, accounting, marketing, management, negotiation, human relations, legal, and administrative) to create an intra or entrepreneurial business plan for the development and growth of a beneficial and profitable venture. 2. Improve on key business skills including writing, oral communications, goal-setting, and organizational leadership and planning. 3. Produce a business planning document that will enable you to successfully implement your Purpose III Constructive Action project. Course Relevance to CA The course introduces the students to business management: planning, organizing, staffing, directing, and controlling that are applicable to managing entrepreneurial or intrapreneurial ventures. This course prepares the students for real life business operations and teaches them practical application of theoretical learning. Course Prerequisite Purpose I Constructive Action Required Textbook: Stutely, R. (2007). The definitive business plan: the fast-track to intelligent business planning for executives and entrepreneurs...
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...have not plagiarised any other person’s work in this assignment and except where appropriately acknowledged, this assignment is my own work, has been expressed in my own words, and has not previously been submitted for assessment. | ASSESSMENT SHEET | Student name: | | | | Course name: | | | | Subject name: | | | | Assessor/marker: | | | | COMMENTS | Principles learnt (for example, number and understanding of principles referred to, their influence on the structure of this paper, number and correct citations of references, use of appropriate jargon) | | /4 | | | Application of principles. That is, the analysis and evaluation of the example problem based on the principles, including the final recommendations and their justification | | | /8 | | | How well the example problem was described, including the extent and depth of information (including the data) about it that was accessed | | | /4 | | | Structure and presentation | | | /2 | | | Style, grammar and language | | | /2 | | | Total | | Less penalties | | GRAND TOTAL | /20 | General comments | | | | FOR MODERATOR’S USE ONLY | I agree with the assessor’s assessment I disagree with the assessor’s assessment and the new mark is as follows for the following reasons: | /20 | | Moderator: | |...
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...of understand the risk management functions in business, understand how business risk is assessed and managed, understand the effects of business risks and how they can be managed and understand approaches to crisis management and business continuity planning. The aim of this assignment is to raise business risk awareness and develop skills to assess, monitor and control business risks and to develop an appreciation of the implications of business risks I certify that the work submitted for this assignment is my own and research sources are fully acknowledged. Name: Date: Table of content Content | Page | Declaration | 1 | LO1: Understand the risk management function in business | 3 | P1.1 Examine the role of the risk management function in business | 3 | P1.2 Assess the role of business function sin the management of risk | 4 | LO2: Understand how business risk is assessed and managed | 5 | P2.1: Analyse the risk assessment process | 5 | P2.2 Evaluate approaches to managing risk | 7 | P2.3 Examine the risk management process | 8 | LO3: Understand the effects of business risks and how they can be managed | 9 | P3.1 Analyse the main drivers of business risk | 9 | P3.2 Appraise the impact of different types of risk for a business organisation | 10 | P3.3 Assess which business areas are high risk | 11 | P3.4 Analyse risk management strategies | 12 | LO4: Understand approaches to crisis management and business continuity planning...
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...Business Strategy Essay - (Unit 7) Introduction In my report i will cover all the criteria given in are assessment; also i will use real life examples of various companies to assist in the answering of my questions. In addition i will explain how and why these strategic methods are implemented in this business unit to achieve this i believe that i have to show in a real life predicament how these tasks that are complex can actually work by planning and using certain elements that will make the company more efficient. I believe that the mangers role is important and that he or she must know how and when to imply their skills to assist in the running of an organisation by having prepared paper work regarding goals targets how staff are working, when is the most efficient time of business. I will also be covering stakeholder analyse whereby i will use given examples to show the importance of being in the no with your stakeholders. In addition to the above i will be organising an audit for a given company and shall use the information i have read to assist in the creation of the audit. I hope you find my report interesting and credible thank you. P1 - Explain Strategic contexts and terminology Mission is and an important assignment carried out for political, religious, or commercial purposes, typically involving organisations. They use these terminologies to help and create better work ethics, for example Wal- mart has a vision whereby they beliefs...
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...Organizational Assessment Report Client: Non-bank Credit Organization Finance for Development LLC, Baku, Azerbaijan Table of Contents: 1. Introduction 2. Purpose of organizational assessment 3. Process involved in organizational assessment 4. Organizational assessment workbook with findings 5. Summary Non-bank credit organization Finance for Development LLC - Organisational Assessment (OA) Report Organizational assessment undertaken by David Alimbarashvili, MED Coordinator, DRC & Sabina Mikayilova, CEO of CC LLC – November - December, 2004 Venue: Offices of Fin-Dev LLC in Baku, Barda and Mingechevir, Azerbaijan 1. Introduction Finance for Development is a spin off of Oxfam GB/Azerbaijan and was registered as a Limited Liability Company by the Ministry of Justice of Azerbaijan Republic in September 23, 2002 and obtained a license from the National Bank of Azerbaijan in April, 2003. Prior of Fin-Dev’s establishment its founder Oxfam GB started a “Saving and Lending” project in Azerbaijan in 1997. The project performed different activities including study of existing formal and informal saving and credit systems. In January, 2000 Oxfam GB initiated Future Financial Institutions (FFI) project in Barda but due to Azerbaijan legal framework had to separate the FFI project and register it as an independent entity (NBCO). Main operational base of Fin-Dev LLC is situated in Barda. Fin-Dev has two branches in...
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...CPA PROGRAM GLOBAL STRATEGY AND LEADERSHIP STUDENT SUPPORT SLIDES Semester 1, 2016 MODULE 1 AN INTRODUCTION TO STRATEGY AND LEADERSHIP NEED TO MEET MODULE OBJECTIVES • • • • • • • • Explain the development of the evolution of strategy Outline the ethical responsibilities and challenges that leaders of organisations are confronted by Discuss the different approaches to strategy, and how they differ from one another Identify the strategy process and describe the purpose of each step Explain the concepts of strategic thinking and analysis Describe the various levels of strategy and the links between them Explain the drivers, challenges and benefits of globalisation Discuss the role of the accountant in the strategy process PRACTICE • • • Have you completed the questions in the Study Guide? Have you completed the Learning Examples in the Student Notes? Have you completed the knowledge check questions from this module? Key revision areas: • The different approaches to strategy: rational, processual, evolutionary, systemic • The levels of corporate strategy and the scope/content of each • The drivers, challenges and benefits of globalisation • Evolution of corporate strategy as a concept – Porter, Mintzberg • Operational effectiveness v. strategic positioning • Developing the strategy – see Focus slide • Ethics in leadership: classical and socioeconomic views Strategy and leadership Approaches ...
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...Germany Risk Analysis MGT/448 Smita Poddar December 15, 2014 Germany Risk Analysis Germany is the selected target country for DIRECTV’s latest expansion. The German economy, political structure, regulatory, financial, cultural, and competitive landscape requires an objective analysis to determine the appropriate strategy and plan for market introduction. Other parts of the assessment include taxation, marketing mix, distribution options, supply chain, and environmental factors. Political, Legal, and Regulatory Exchange Germany as part of the European Union (EU) is a relatively low risk target for political considerations with Forbes citing the region has the most positive regional outlook with 47% of member countries exhibiting a decline in risk ratings (Rapoza, 2013). A.M. Best (2014) rated Germany as one of the best in nine areas with the only exception attached to labor flexibility. See Figure 1 below. Figure 1 from A.M.Best (2014) Repatriation of Funds Foreign direct investment is setting up a business or the purchasing of assets in a foreign location or across national borders. DIRECTV has decided to initiate business in Germany to allow customers access to entertainment choice and convenience at home. The risk of exchange and repatriation of funds are the penalties involved. Germany has been a country that is highly developed as well as having a high-cost economy. Companies face the risk of 35% taxation in the U.S. for bringing profits back home...
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...Telebackup Business Plan Critique ENTI 785 Sept. 20, 2013 Part A 1. Communicating the opportunity * The business plan clearly communicates the opportunity for large returns to investors. * It indicates that the telebackup industry is presently in an “embryonic” stage of development. * There are few competitors in this market place. * This give Telebackup the potential of a large market share which is estimated to be $68 million CDN per year in Alberta alone and nearly $12 billion CDN per year across North America. 2. Language used * The language used was clear, concise and not overly technical. This provided a greater understanding of the business case. * It also encouraged investment because the business seemed comprehendible. 3. Consistency from section to section * For the most part the business case was consistent from section to section. * They identified a requirement for $500,000 within the next 6 months for a massive marketing thrust. * The current venture organization has already contributed $250,000 over two year and it will contribute an additional $100,000 towards finalizing the development and initial marketing efforts. * The business case is also consistent with respect to the product and its benefits. For example, the business case mentions that the backup system can operate 24 hours per day, it does not require dedicated phone lines, it is a turnkey solution and can be scheduled to operate automatically...
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...summarize, and paraphrase the information to fit your needs but I would advise that you do not turn it in word for word as your own work or you risk plagiarism. Also please note that my tables are within the text of the paper for better understanding of the concepts. Your instructor may require that you put them at the end of the paper. Good luck with your studies! Problem Solution: Foundation Schools The challenges of today’s business management arena are legion. Effective managers must carefully and accurately analyze each situation, diagnose the correct problem and proceed to apply the correct solution to help their organizations grow. In today’s challenge-wrought environment managers and the business organizations under their leadership have to devise and execute complex critical organizational strategies. Executing these strategies is essential to the healthy growth of all organizations, and program management is the essential tool that can ensure the proper execution of the critical strategies that achieve organizational growth. Successful program management involves choosing projects that support the organization’s strategic intents in order of their importance to these strategic intents. Effective implementation of projects/programs involves the use of both technical and social expertise. Project managers must plan and budget projects and secure and coordinate the contributions of the project/program’s team members (Gray & Larson, 2006). Program...
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...Orleans, New Orleans, LA 70148 Tel: (504) 280 7182, Fax: (504) 280-5627 E-mail: BInozu@uno.edu, Web site: drydock.gcrmtc.org Paper to be presented at IAME 2002 Conference, 13-15 November, 2002, Panama City, Panama ABSTRACT Ship maintenance usually entails very complex dynamic processes that ship operators face continuously to ensure ship operational safety and comply with regulatory statues. Extensive research indicated that these processes are quite inefficient, thus creating a safety risk in ship operations. In this paper we will discuss utilization of Six Sigma management strategies in ship maintenance and safety, in addition to its applicability and benefits. Six Sigma management strategies have a proven record in many industries. Savings through conducting Six Sigma projects have a direct impact on company profits measured through acquisition and analysis of hard data. We will also present the results of three Six Sigma pilot studies conducted as a part of the Continuous Improvement of Drydocking Management project. We will introduce a Six Sigma roadmap that a ship operator can use on ship maintenance projects and discuss unplanned work causes and their implications on ship safety. We will further discuss the significance of machinery performance data collection and sigma level equipment availability calculations. Keywords Six Sigma, Drydock, Ship, Maintenance, Safety, Reliability, Quality INTRODUCTION...
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...Framework for Enterprise Risk Management © 2013 Johnson & Johnson Contents Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 J&J Strategic Framework . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 What is Risk?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 J&J Approach to Enterprise Risk Management. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Governance & Oversight. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Conclusion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 . . 2 3 Introduction In order to deliver value to our consumers, patients, caregivers, employees, communities and shareholders, we at Johnson & Johnson (J&J) must understand and manage the risks faced across our entire organization. Risks are inherent in our business activities and can relate to strategic threats, operational issues, compliance with laws, and reporting obligations. This document...
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...[Company name] Business Plan Prepared by: [name] Date: [date] Version: [version number] This template is provided as a complimentary service of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. It contains general information only and is not a substitute for commercial judgement or professional advice. To the extent permitted by law, ANZ disclaims liability or responsibility to any person for using this template. ANZ’s colour blue is a trade mark of ANZ. CONTENTS Business Snapshot 4 1. OVERVIEW 5 1.1 Background 5 When and why the business started 5 Current position 5 What’s changed since the business was started/purchased? 5 Key milestones 5 Approach to decision making 5 1.2 Structure and Resources 6 Organisational structure 6 Business entities 6 Key people 7 Key advisors 7 2. MARKETING PLAN 8 2.1 Marketing 8 Target market 8 Competitors 8 Marketing and promotion 9 Recent activities 9 Planned activities 10 2.2 Customer Strategy 11 Customer management 11 Customer acquisition 11 3. BUSINESS ENVIRONMENT 12 3.1 Market Analysis 12 The industry 12 3.2 SWOT (Strengths, Weaknesses, Opportunities and Threats) Analysis 12 SWOT analysis and brainstorming 13 4. OPERATING PLAN 14 4.1 Products and Services 14 Products/services offered 14 Pricing 14 Payment 14 Distribution 14 Future growth 14 Key suppliers 15 Key customers 15 4.2 Facilities 16 Premises 16 Assets and equipment...
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...strategic alternatives. These also provide recommendations as to courses of actions the brothers should adopt to reach their goal, and proposed implementation plan. CURRENT SITUATION Stakeholders Preferences: * Go franchising (Paul) * Enhance vegetarian menu (Sam) * Preserve quality and control (Sam) * Realize $1.1M net income by 2015 (both Paul and Sam) *Avoid using line of credit (both Paul and Sam) Constraints: * Cash * One supplier of all store requirements/ingredients * Bank requires $20,000 minimum cash balance at any given time * Number of hours work * Working space Environmental Scan : SWOT Analysis Exhibit 1 Current Financial Assessment - Lowest profit of .29% compared to industry wide due to $500,000 contingent liability booked in 2012. Removing this extraordinary item would result to 24% operating income which is higher than Dawkins industry benchmark - 52.93% highest Contribution margin than industry average - High growth % versus set by the industry - Available line of credit -Impressive performance among competitors whether franchising or non-franchising -Debt free Key Success Factors: * High-quality traditional custom-made sandwiches developed through generations *Loyal client base and recognition * Effective obsolescence plan * Zero Debt Key Risks: * Losing market share...
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...factors, strengths and weaknesses attributed to the organization, and external factors beyond control of the organization such as opportunities and threats. Other tools include: * Balanced Scorecards, which creates a systematic framework for strategic planning; * Scenario planning, which was originally used in the military and recently used by large corporations to analyze future scenarios. PEST analysis (Political, Economic, Social, and Technological) * STEER analysis (Socio-cultural, Technological, Economic, Ecological, and Regulatory factors) * EPISTEL (Environment, Political, Informatics’, Social, Technological, Economic and Legal). Undertaking strategic analysis reviewing the current marketing performance. Various business analysis techniques can be used in strategic planning, including SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats ), PEST analysis (Political, Economic, Social, and Technological), STEER analysis (Socio-cultural, Technological, Economic, Ecological, and Regulatory factors), and EPISTEL (Environment, Political, Informatics’, Social, Technological, Economic and Legal). SYSTEM: System Pyramid Successful and sustainable transformation efforts require leaders who know how to manage change. At the simplest level, managing change means: * Knowing what you want to accomplish and creating a compelling vision that motivates others * Understand stakeholders and communicating with them early, consistently and often ...
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