...Critically Analyse the impact of Change Management and M&A’s on the dynamic business environment Contemporary Issues in Management Joshua Travers Submitted for: BA (HONS) BUSINESS STUDIES BOURNEMOUTH UNIVERSITY Date of submission: 13th December 2013 Joshua Travers i7943443 Introduction The author has interpreted the dynamic business environment to be all of the factors, both internal and external, which influence the function of a business. Internal factors include items such as the company's products or services, employees, assets, and marketing. External factors include competitors, stockholders, customers, and economic conditions (Investor Words 2013). This essay will explore how the two issues addressed in the title can impact the central theme; the employee. Failure of engaging with the employee has been highlighted as a major cause to why 70% (Keller and Aiken 2008) of change and 50% (Sher 2012) of M&A efforts fail. This common pitfall suggests that both of these issues impact heavily on the employee and vice versa. The author aims to critique change management and merger literature to provide an extensive view of these issues in the business environment. Once the relevant context is set, the essay will focus towards the employee perspective of these two issues and will apply significant theory to a range of recent examples within the realm of these topics. Change Management Change management can be defined as “the process of continually renewing...
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...PART 1 Company Allocation Ticker symbol | Company | | GICS Sector | GICS Sub Industry | Address of Headquarters | | BEN | Franklin Resources | | Financials | Diversified Financial Services | San Mateo, California | | FCX | Freeport-McMoran Cp & Gld | | Materials | Diversified Metals & Mining | Phoenix, Arizona | | The cost of capital of the aforementioned companies will be discussed in the following questions. The companies will be referred to by their Ticker Symbols henceforth. Question 1 BEN The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities and Exchange Commission (2013) provided the company filings data whereby BEN’s Form 10q, dated 29/07/2013, showed the following (included on page 2 of this report). The book value of long-term debt is $1,252.1 million, and the book value of equity is $10,402.3 million. The schedule of outstanding debt shows that this figure includes $54.5 million of FHLB advances and $1197.6 million of Senior Notes at various effective interest rates. The notes on Stockholders Equity and Non- Redeemable Non-Controlling Interests reveal that Franklin Resources Inc Stockholders Equity totals $9779.8 million whilst the Non- Redeemable Non-Controlling Interests (previously referred to as minority interests) totals $622.5 million. FCX The book value of the company’s liabilities and equity can be deduced from a number of online sources. The US Securities...
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...of New England Foundry In this analysis of New England Foundry we need to make a comparison with each of the models or layouts, the first combined counter with the new mentioned model with separated counters, for the determination of time saved with the new layout and then the amount that could be saved per hour with the same. For the layout with combined counter there is 2 servers with a single waiting line, the queuing model that is being used is the M/M/s, because of this queuing pattern consists of single phase and multiple servers. The arrival rate of 7 (4+3) per hour and service rate of 5per hour, which gives the average time in the system W=0.3922hours or 23.53minutes (refer to Excel) the time taken per trip is as follows: For maintenance people it will be 23.53+6 (walking time taken) =29.53minutes. For molding people 23.53+2= 25.53minutes. For the new layout with separate counters, Bob for the maintenance shop and Pete for pattern shop both of them follow M/M/1 model with single-server and single-waiting line. Bob providing for the maintenance people, serves 6per hour at an arrival rate of 4per hour, giving the average time in the system W=0.50hours or 30minutes(shown in A5) with the time taken for trip is 2minutes 30+2=32minutes, this is an increase of time, 2.47minutes compared with the other layout for maintenance dept. Pete serving the molding people, serves 7per hour at an arrival rate of 3per hour, giving the average time in the...
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...European Foundation for the Improvement of Living and Working Conditions EMCC case studies Industrial change in the textiles and leather sector: Hennes & Mauritz Company facts Market dynamics and company changes Organisation and the market Employees Virtualisation of the workplace Research and development Contact details Source list EMCC case studies are available in electronic format only Wyattville Road, Loughlinstown, Dublin 18, Ireland. - Tel: (+353 1) 204 31 00 - Fax: 282 42 09 / 282 64 56 email: postmaster@eurofound.eu.int - website: www.eurofound.eu.int Company facts Hennes & Mauritz (H&M) is well known throughout Europe as a highly successful company selling low-priced fashion clothing and accessories. Erling Persson established the company in Sweden in 1947, and today the Persson family is still on the company board. In recent years, Hennes & Mauritz has been very successful, expanding its outlets at a rapid pace. Today it is one of the most important players on the retail fashion textile market. After opening its first store (as Hennes) in Sweden in 1947, the company expanded to the Danish and Norwegian markets in the 1960s and to the British market in 1976. In 1965, following the take-over of Mauritz, the company became Hennes & Mauritz. In 1974 the company was quoted on the Swedish stock exchange. Since then, Hennes & Mauritz has been entering several other European countries at a steady pace, being present in the USA since the year 2000. Today Hennes...
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...form of surrogacy contracts. In this paper, I will be address the legal and ethical issues involved and other aspects of surrogacy. History of Surrogacy and Case Study Surrogacy was assumed to have been around since the Babylonian times. Alternatively, the most credible records to date allocate managing legal passivity and the public responses during the middle of the 20th century. Surrogacy did not become public in 1976, when Attorney Noel Keane negotiated the first ever surrogacy agreement ("History of surrogacy," 2011). Attorney Noel Keane and Dr. Ringold created the first ever fertility clinic (surrogacy clinic) in the United States. Many laws and regulations were not implemented until the case of Elizabeth Kane and the case of Baby M. Elizabeth Kane was the first woman to enter into a compensated surrogacy agreement in 1980. She was to be compensated with $10,000. She, however, was unwilling to leave the surrogacy...
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...Ethical and Legal Dilemmas of Surrogacy Christie Blackwell HCA 322 Dr. Nine Bell June 17, 2013 Ethical and Legal Dilemmas of Surrogacy Many individuals have a life plan consisting of college, marriage, and then children. After numerous methods of conception, many couples are still unable to conceive a child. A woman who enters into a contract with a couple, agreeing to carry and birth a child, then hand that child over to the contracted couple, who is often unable to conceive own their own naturally is considered surrogacy (Pozgar, 2012). Surrogacy raises many ethical and legal issues for all parties involved. Is it moral or immoral to enter into an agreement with a woman to birth a child for money? What are the legal rights of the woman conceiving or of the couple? Should the child be aware of the process in which he or she was born? Does the child have rights to access the confidential records of the process? These are a just a few questions that will be addressed throughout this paper. Discussed below is the history of surrogacy, the ethical and legal dilemmas that surround surrogacy, alternative solutions to surrogacy, and the potential effects and future implications of how surrogacy may be addressed. There are two types of surrogacy arrangements to consider. These types of surrogacy are genetic and gestational. Genetic or traditional surrogacy is where the surrogate mother contributes her genetic makeup to the offspring, whereas gestational surrogacy consists...
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...The Surrogate Motherhood Controversy POSC 450.001 Senior Seminar October 24, 2009 The Surrogate Motherhood Controversy Introduction “A surrogate mother feels like a flesh covered test tube during the entire experience. As the fetus grows the women is depersonalized and she become fragmented from the whole person –merely a vehicle for breeding babies.” There is a huge controversy of whether surrogate motherhood should be legal. This controversy has started huge debates worldwide. It has brought attention to doctors, sociologists, feminists, historians, and people of different cultures, races, classes and religions. The major overwhelming arguments is that the act of surrogacy should be illegal. The issues and objections surrounding the surrogate motherhood is that it is considered baby selling, finding the legality of its contracts, and the class of people, whether they are rich or poor. The other concerns are the traditional rights of the birth mothers, the psychological impact of these children who are born under these contracts. The purpose of this paper is to introduce, discuss and analyze the controversy of a surrogate mother. The paper will find the reasons of why women want to become surrogate mothers. This paper will examine the different viewpoints that have been in conflict for many years. The paper will reveal how some women chose to become surrogate mothers just for the money and that some do it because they want to help couples who...
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...[pic] ELC 093 : TERM PAPER “SURROGACY SHOULD BE PROHIBITED WORLDWIDE” MAIZATUL AQIDAH BINTI SABARUDDIN (2015838224) SITI NAJIHAH BINTI MOHAMED HUZAINI (2015858408) LECTURER’S NAME : SIR AHMAD KHAIRULHAZIQ SURROGACY SHOULD BE PROHIBITED WORLDWIDE According to Surrogacy Arrangements Act 1985 Chapter 49, the “surrogate mother” which means a woman who carries a child in pursuance of an agreement can either contribute her genetic material as well as her womb, her uterus, or she can contribute her uterus . There are two main types of surrogacy , gestational surrogacy and traditional surrogacy . Additionally, if the surrogate mother receives compensation beyond the reimbursement of medical and other reasonable expenses, the arrangement is called commercial surrogacy. There are three parties who use surrogacy, mothers who have other issues with their bodies that inhibit infertility, homosexuals and parents who are infertile . Surrogate parenting is highly controversial by its very nature. Nevertheless, surrogate parenting is attracting wide spread attention as a viable alternative for infertile couples intent on having a child. Thus, surrogacy should be prohibited worldwide to prevent from exploitation of women, a form of child trafficking, violates the relationships between families and surrogates face difficult emotional and psychological issues . However, there are cases that support surrogacy. Sam Everingham is the founder of Surrogacy Australia and...
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...especially in this time frame that we are living in. this is where the popular clothing brand H&M comes in. since Erling Persson acknowledges that the society is dependant and are up to date with the latest fashion trends and he has took upon himself to develop clothing to make the consumers a victim of “vanity slaves” Hennes & Mauritz which has been known H&M for decades is a very popular retail clothing company known for its trendy fashions targeted for women, men, teenagers and children. The company's founder Erling Persson traveled in 1946 and came up with the business idea which was to offer fashionable clothing at great prices. In 1947 he opened his first shop in Vasters, Sweden called "Hennes”, where he exclusively sold women's clothing. "Hennes" is Swedish and means "for her" and/or "hers". 1968 clothing retailer Mauritz Widforss took over, which led to the inclusion of a menswear collection in the offer and the name change to "Hennes & Mauritz" (H & M). In 1998, the company succeeded her initials "HM" which was the combination of both names. The company offers great items for everyone, that’s the major result of their success. The multimillion company has gained so much popularity that they have managed to branch out 2776 stores in 43 countries around the world. The company has successfully globalised their brand but they’ve done achieved this the cruel and easy way. H&M is one of the most successful affordable clothing companies worldwide. The question is how this...
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...H&M, which was formally known as “Hennes” (The Swedish word for “hers”) was founded by Erling Persson in 1947. The first store was opened in Vasteras, Sweden, and only women’s apparels were sold during that time. In 1968, Erling Persson bought Mauritz Widforrs, which was a hunting and gun store in Stockham. Soon enough, Men’s apparel was introduced and made available in the store. The company then changes its name to Hennes & Mauritz (H&M in short). Ever since then, H&M has expanded its store worldwide. H&M sells clothing and accessories that caters for women, men, teenagers and children for every occasion. It has expanded their stores around the world in Asia, Europe, Middle East & North Africa and North America and aims to increase the number of stores by 10-15% per year. In 2011, when H&M announced that they are launching their first ever outlet in Singapore, it was a much-anticipated event because their apparels are trendy, affordable and they are known for their quality. According to the data provided by the official website, there are over 94,000 employees, working in approximately 2,500 stores spread over 40 markets world wide. During the end of the financial year in November 2009, the company recorded an earning of SEK118,697 million ($15,473.3 million) which seen an increase of 14.1% over 2008. Operating profit in FY2009 was SEK21,644 million, an increase of 7.5% over 2008 whereas the total net profit was SEK16,384 million in FY2009 with an increase of 7.1% over...
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...form of surrogacy contracts. In this paper, I will be address the legal and ethical issues involved and other aspects of surrogacy. History of Surrogacy and Case Study Surrogacy was assumed to have been around since the Babylonian times. Alternatively, the most credible records to date allocate managing legal passivity and the public responses during the middle of the 20th century. Surrogacy did not become public in 1976, when Attorney Noel Keane negotiated the first ever surrogacy agreement ("History of surrogacy," 2011). Attorney Noel Keane and Dr. Ringold created the first ever fertility clinic (surrogacy clinic) in the United States. Many laws and regulations were not implemented until the case of Elizabeth Kane and the case of Baby M. Elizabeth Kane was the first woman to enter into a compensated surrogacy agreement in 1980. She was to be compensated with $10,000. She, however, was unwilling to leave the surrogacy...
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...the novel takes place in front of Charlie's bar. The bartender, Charlie, who is one of the very few good friends of Bryon, gets involved in a gunfight with two Texan pool players and dies when he tries to defend Bryon and Mark. Realizing that he has lost an irreplaceable friend, Bryon starts to think about life more seriously, while Mark keeps living for the thrill of the moment. On top of that, Bryon begins to spend more time with his girlfriend Cathy, which was the first girl he really loves. Mark and Bryon are growing apart: Mark even acted like he was jealous of Cathy. In all the years I'd known him, in all the years I'd gone with different girls, he had never like that. I was changing and he wasn't. Cathy's brother, who is called M&M even by his parents, seems to be as intelligent and brilliant as his sister. He is, however, dependent on Mark and Bryon's protection because of his non-violent nature....
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...A Need For Change Within A Project Ronny L. Wade Walden University Abstract In this paper, I will show the type of change approach I took to make a major change within the organization technologically and culturally. As stated by (Schein, E, 2006), “Change and stability are two sides of the same coin”. I believe that communication within and among an organization is driven with the successes and failures of employee management and the employees that will increase the effectiveness of the growth of change within the organization. To perform change more effectively a clear and precise plan of action must be present, to due to the success or failure of the proposed change. A Need For Change Within A Project “THE PRIMARY TASK OF MANAGEMENT is to get people to work together in a systematic way, like an orchestra conductors, managers direct the talents and actions of various payers to produce a desired result” (Christensen, C. M., Marx, M., & Stevenson, H. H., 2006, p. 73). The Situation In this ever changing world of technology, I once conveyed to my company a vision that would bring change in the way we process our product with the development teams and the client. In the vision I expressed that we needed to have a more organized approach to developing our code for the client’s and that we needed a centralized hub where all code is checked in and checked out for the developers. Our company utilized SVN at that time, which did not give the security as GIT would...
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...|Business Writing Portfolio | |Business Writing Portfolio | |Andrew M. Cherny | |XCOM/285 Essentials of Managerial Communication | |University of Phoenix | | | | | 1. Reflection By Andrew M. Cherny XCOM/285 UOPX 10/19/2012 Renee Frasch 2. I have found many writing techniques that will become very useful to my future endeavors if I decide to shift gears and possibly work for large international company. I have learned what to expect if trying to communicate effectively abroad I now know how to proceed in making the proper contacts to ease the potential conflicts that may arise while conducting business in a foreign country. Through...
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...Introduction H & M Hennes & Mauritz AB, now operating as “H&M” is a retail-clothing company, launched in 1947 by Erling Persson who just came back from United States, bringing the idea of selling fashion products for women at a low price from oversea. The first shop called “Hennes” which only sold women clothes, opened in 1947, in Vasteras, Sweden. In 1968, the founder take-over “Mauritz Widforss” shops : Hennes changes its name to “Hennes and Mauritz” and the brand will begin selling fashion clothes to men and women from that day. Then in the 70’, the brand started to sell clothes for kids “Fashion and quality at the best price” (H&M) H&M has been at the forefront of affordable chic for some time now. From its Swedish base, Hennes and Mauritz has grown into a major multinational clothes and cosmetics retailer. Nowaday, internationally known for its fast-fashion clothing, H&M offers low prices fashion products for women, men, teenagers and children including everything from modern basics to high fashion. The company has over 2,300 stores in 43 countries, in 4 continents (Africa, Asia, Europe and North America) However, the company does not have their own factories but work with plenty of designers and buyers from all around the world. In 2011, H&M employed around 94,000 people and is ranked the first largest global clothing retailer, just ahead Spain-based Inditex (parent company of ZARA). The branding consultancy Interbrand ranked the company...
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