...FACULTY Of Entrepreneurship And Business ENTREPRENEURSHIP AFT 1013 BUSINESS PLAN SANDWICH LAND GROUP : L4T3 GROUP MEMBER: Michelle Lee Yueh Jia A12A236 Michelle Dagny Christopher A12A235 Lee Heng Ee A12A769 Lim Siew Hui A12A773 Mira Binti Abdul Rasyid A12A238 Mohammad Aman Bin Ghani A12A255 Loo Chee Soon A12A774 Nur Fatin Binti Idris A12A791 Contents 1.0 Executive Summary 1.1 Objective 1.2 Mission 1.3 Keys to Success 2.0 Introduction 3.0 Purpose 4.0 Business / Company Background 5.0 Background of Partners / Shareholders 6.0 Administrative Plan 7.0 Marketing Plan 8.0 Operation Plan 9.0 Financial Plan 10.0 Summary 1.0 Executive Summary 1.1 Objective For students who like to eat prawn noodle, keropok lekor, and jagung bakar. Well we already acknowledge that we can buy the keropok lekor and jagung bakar at the night market (pasar malam) However, prawn noodle its something difficult to find in Pengkalan Chepa, and that’s why we are selling our main course, Prawn Noodle. 1.2 Mission - To be among the modest company in Pengkalan Chepa. -Gaining profits by providing our customers the best dishes in town. -Becoming one of the effective and successful entrepreneur in Malaysia. 1.3 Keys to Success - Besides jagung bakar and keropok lekor, we...
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...CEO or chief executive officer is a bureaucratic position that carries the ultimate management responsibility for an organization. Commonly, CEO is a rank that is associated with the head of the company. One of the primary duties of the CEO is to report to the board of directors, which is answerable to the owners of the company. In addition, CEO carries out the job of designating other managerial officers including that of a president. Depending on the extent of his or her functions, a CEO can also have the title of President/CEO or President and CEO. A CEO is not only a key management figure, but also the face of any business establishment. Therefore CEO's career record and professional background often represent an important qualitative parameter of the overall value of the company CFO, or Chief Financial Officer, is senior corporate officer with full financial authority. In general terms, the main responsibility of a CFO is to oversee financial appropriations and expenditures of an organization. Hence, the CFO is in charge of disseminating financial data, directing budget and spending, as well as monitoring a number of other financial activities. A CFO is also required to frequently report to the board of directors on the overall financial condition of the company. Additionally, a CFO is charged with insuring financial transparency with respect to both the shareholders and regulatory boards, such as the SEC. In many corporations a CFO is routinely referred to as senior vice...
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...pg. 29). The organizational chart for McDonald’s is divisional structure and is broken down by geographic area. McDonald’s organizational chart works for them and improvements would be small. The chief executive officer (CEO) has upper management reporting directly to him in the form of executive vice presidents and one president. This may work well since they are so large and expand over countries. Reports are fed up through the organization to the CEO who can make informed decisions. To me, it may create a silo affect and I am not sure that everything that is going on is making it to the top of the organization. I believe that more middle management positions should be reporting into the mix. I look at the organizational chart and would like to see store management reporting to a district manager or director. From there, the district manager reports to a territory manager and then up to the division leaders then through the organizational chart that is listed in our textbook. This way, everything from the lowest is seen and analyzed by management. Not everything will make it to the top but it is still being analyzed by management. I have focused on how the CEO is at the top with six direct reports but what I really like is how the chief operating officer (COO) has the McDonald’s divided by countries and then for the United States by divisions. These are truly divided by area and the leaders of these country markets have to have the ability to know what...
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...This brings us to the definition of a management team. Wikipedia defines management team as generally, a team of individuals at the highest herm of the organization who has the day-to-day responsibilities of managing the company or corporation; these individuals hold specific executive powers conferred onto them with and by the authority of the board of directors and/or the shareholders of the organization (Wikipedia, 2013). On this note, this paper takes a look at the management team of eagle computers with each team member’s peculiar talents or skills, the McKinney 7-s assessment /model as it applies to business, EC’s business-level strategy, and how it fits with the corporate strategy. Management Team/team talents or skills The management team of EC includes the chief executive officer (CEO), chief operations officer (COO), chief financial officer (CFO), chief information officer (CIO), chief technology officer (CTO), chief revenue officer (CRO), and the chief visionary officer (CVO). The CEO who is the top most managers is responsible for the entire operations of EC. She sees to the implementation of board decisions and initiatives to maintain successful operation of EC. Akpene Addo-Teye, CEO is talented and has very good managerial skills. She is very innovative and also good at computer and software designs, which complements her...
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...organizational structure. Taking cues from its needs, Walmart has a created a hierarchal structure that is departmentalized to leverage the skills and strengths of the employees involved in the department. Spearheading the organization is Chief Executive Officer (CEO) Mike Duke. The CEO is responsible for overseeing many departments including corporate affairs, human-resources, and international affairs just to name a few. All sectors that the CEO oversees are; ASDA Stores, the United Kingdom counterpart to Walmart; global e-commerce; finance; information technology; corporate affairs; legal; merchandise, and replenishment; global customer insights; human resources; sourcing; international; Sam’s Club; and United States Walmart (Walmartstores.com, 2012). Some departments are further split to handle different activities efficiently. ASDA is headed by its own CEO, Andy Clarke. ASDA CEO oversees the Chief Financial Officer (CFO), merchandising and marketing division, the Chief Operations Officer (COO), and supermarkets division of the United Kingdom based counterpart (Walmartstores.com, 2012). The global e-commerce CEO oversees the Chief Technology Officer (CTO), the executive vice president of e-commerce in developed markets, the executive vice president of...
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...Azamat Shamuratov Dr. Jose Castillo Case Study Analysis Everyone at Captiva is wondering what the new Chief Operations Officer (COO) has been doing for the last 12 months. But he is wondering why he cannot get his foot in the door and why the Chief Executive Officer (CEO) of Captiva, Peter Tyler, has not delegated any substantial responsibilities to him? There are 4 major characters in Captiva, whose role play crucial significance in decision making process of Captiva: Peter Tyler, CEO of Captiva; Dough Yacubian, new COO of Captiva; Cynthia Speedwell and Ben are division presidents. It has been 18 months since Doug Yacubian has been brought on as Chief Operations Officer (COO) to the corporation because of his great accomplishments and experiences previously with Marcella. There is a sense of uncertainty for everyone both senior management and the board of executives at Captiva as well as for the newly hired COO Doug Yacubian. Captiva is a cheese producer corporation that has been in the business for almost a century. This corporation under the leadership of Peter Tyler (the CEO), has transformed into three major divisions: dairy products, poultry, and food preparation. The company became aggressive in expansion of acquiring frozen foods, juices, and bakery products. The company is struggling with its biggest crisis in the history of the company because of a formulation error at one of the company’s manufacturing plants causing several food poisonings and subsequently recalling...
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...Case Report on Executive Compensation In the modern society, chief executive officer has become the most important part to many companies especially to the publicly listed corporations. They generally make a significant contribution to the profitability of their firm. However, in some case the managers’ interests conflict with their companies’, and thus their decisions may probably do not maximize their companies’ value. Therefore, it is a problem that how shareholders ensure that top executives want to maximize their wealth. This paper explores the principle for compensation, makes an attempt to design a new compensation package to the chief executive officer of Nike, Inc., and finally compare the different between the existing pay package and the new one. I. Introduction Nike, which originally named as Blue Ribbon Sports, is the largest manufacturer of the athletic footwear and apparel in the world, and one of the Fortune 500 companies. Figure1 shows that Nike is the leader of the global athletic footwear market, with around 31% market share in 2007. Creating by Bill Bowerman and Philip Knight in 1962, its early products are footwear, but now it has a wide range of product line. Today Nike is engaged in design, development and marketing of footwear, apparel and equipment, including shoes, sock, gloves, bags, and sports balls and so on. Many of its products are design for specific athletic such as football, basketball, running and even walking. According to figure2,...
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...plays and continues to play in business performance and strategic planning. A situation that is necessitating a similar makeover and transformation of IT departments are structured and run. It is how the Chief Information Officer (CIO) came about, as a direct result of this shift. There is not a single and universal way of defining the CIO and his or her job description and responsibilities he or she might have within an organization depend on its structure, and how the organization is trying to achieve throughout the position. Nevertheless, and until recently organization hire CIOs as "simply department managers who ensure that all PC's can be turned on and that the processes work". But, because and like never before, businesses are relying on information technology to gain competitive advantage, the job and responsibilities of the CIO is evolving, making the position that can help transform the entire organization objective by innovating and sustaining its core competencies and knowledge that will guarantee this competitive advantage. This paper will succinctly explore three main facets of CIO’s job description: 1) the practical side of the CIO, 2) the CIO position merged with another executive position, and 3) the CIO transformed into a new more strategy oriented executive position; and finally, focuses on developing an argumentation in favor of the third option by laying out how the...
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...Warren Buffett and Gillette Background of the Active Investor Warren Buffett is known as one of the world’s most notable investors. He is a self-made investor, now worth billions of dollars. Buffets premise is that people should base their investing on common sense and search out assets that are selling for less than they are worth (Pardoe, 2005). At an early age Buffett had a knack for making money. At six year old, Buffett made a five cent profit by purchasing a six-pack of Coca-Cola for twenty-five cent and reselling each bottle for a nickel. At eleven, he purchased three shares of Cities Service at $38 per share. Shortly after buying the stock, it fell to just over $27 per share (Kennon). When the shares rebounded to $40 he sold the shares, but regretted his actions when the shares shot up to $200. The experience taught him that patience is a virtue (Kennon). Buffett was a graduate of the University of Nebraska-Lincoln. Some time after graduation, Buffett had the opportunity to work for his mentor, Ben Graham, on Wall Street. There, he spent his day analyzing S&P reports, searching for investment opportunities (Kennon). He took a different interest than that of his mentor, he became interested in how a company worked, what made it superior to competitors and observed how the company was managed when deciding to invest; he was not interested in the corporate leadership of the companies he researched and invested in. In the mid-1950’s Buffett aligned himself...
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...Top 10 CEO Highest Paid in Compensation as of 2011 1. Apple CEO Tim Cook was the highest-paid chief executive at a public U.S. company in 2011 with total compensation of $378 million. After becoming CEO in August 2011, Apple had record profits in the first quarter of $13.06 billion. Equilar, an executive compensation data firm, compiled a list of CEO pay of companies with revenue over $5 billion that filed annual proxy statements by March 30, 2012. (Kevork Djansezian/Getty Images) 2. Oracle CEO Lawrence Ellison had the second highest CEO pay in 2011 with $77.6 million in total compensation, according to Equilar. Ellison's pay increased 11 percent from the previous year. Forbes' 2012 third richest person in the U.S. and the world's sixth richest with a net worth of $36 billion, he has been CEO of the software company since he founded it in 1977. (Kimihiro Hoshino/AFP/Getty Images) 3. Ron Johnson, who became CEO of retailer J.C. Penney in November 2011, is Equilar's third highest paid chief executive with $53.3 million in total compensation. Credited with pioneering Apple's retail store and its Genius Bar tech support as that company's senior vice president of retail operations, he is tasked with transforming J.C. Penney Company, which reported a loss in the fourth quarter. (Astrid Stawiarz/Getty Images) 4. Viacom President and CEO Philippe Dauman had the fourth highest CEO compensation with $43.1 million, a drop of 49 percent from last year. Dauman has been...
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...Introduction: In this task you will prepare a presentation for the chief financial officer (CFO) to present to a bank vice president. The bank vice president will decide if the bank will approve a $1,000,000 funding request for the European expansion of Custom Snowboards Inc. currently under consideration. The bank has not confirmed it is willing to consider a $1,000,000 loan. The bank will make its assessment of the risk associated with the loan after your presentation. You will prepare another presentation to present directly to the chief executive officer (CEO) of Custom Snowboards Inc. The presentation will include a recommendation on how to proceed with the expansion plans. The presentations can assume the form of a presentation or a report. You may combine the two or submit them separately. Be sure to enter your first initial and last name on the first worksheet in Custom Snowboards, Inc. Financial Data excel document. Task: Note: Be sure to submit a copy of your Excel workbook when submitting your JET2 Task 5 work. When you enter your first initial and last name at the top of the Income Statement you are given a dataset that is based on your name. The evaluator will need a copy of your data to ensure correct evaluation. Note: Your presentations may be in a variety of formats (e.g., report, multimedia presentation). A. Create a presentation or report for the chief financial officer in which you do the following: 1. Summarize the key points of...
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...Issue and Conclusion The Executive Compensation Committee has requested that the Human Resources office investigate and evaluate the compensation of the Chief Executive Officer, Raymond James, in regards to possible overcompensation with respect to the company, PDQ’s, current standings. The Senior Vice President of Human Resources, Mark Headlee put together a business document to outline the salary of the CEO, and also included recommendations for a solution to the issue he presented. In the business document the issue is prescriptive as it describes what it wrong with the company while offering ways in which it can be fixed (Browne & Keeley, 2007, p.17). While PDQ has plateaued and even decreased in earnings the CEO’s salary has consistently increased. This is an issue for the company because they are paying their CEO an enormous amount annually while failing to grow as a whole. In the business document the conclusion is simple to find as it is the last heading in the document titled “IV. Conclusion and Recommendation”. Under this section that author clearly states that the salary for the CEO is exceptionally high for the company’s earnings. The solution not only fixes the problem but guides the company down a more efficient and cost effective path. The author suggests that PDQ begin a search for a new chief executive offer to replace the current one. It simply cannot support a CEO under the current salary and run resourcefully. The conclusion section does contain other...
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...Carlos Ghosn Carlos Ghosn, born 9 March 1954 is a Brazilian-Lebanese businessman who is currently the Chairman and CEO of Yokohama, Japan-based Nissan and holds the same positions at Paris-based Renault, which together produce more than one in 10 cars worldwide.[1] Ghosn is also Chairman and CEO of the Renault-Nissan Alliance, the strategic partnership overseeing the two companies through a unique cross-shareholding agreement. For orchestrating one of the decade's most aggressive downsizing campaigns and spearheading the turnaround of Nissan from near bankruptcy in the late 1990s, Ghosn earned the nicknames "le cost killer" and "Mr. Fix It."[2] After the Nissan financial turnaround, he achieved celebrity status[3] and ranks as one of the 50 most famous men in global business and politics.[4] In Japan, he is the superhero protagonist in a popular "manga" comic book series.[5] His polemical decision to spend $5 billion to develop the world's first mainstream electric car, the Nissan Leaf, is a subject of the 2011 documentary "Revenge of the Electric Car." Personal life Ghosn was born in Porto Velho, Brazil on 9 March 1954 to a French mother and Lebanese father. At age 6, he moved to Beirut, Lebanon, with his mother. He completed his secondary school studies there, in a Jesuit school (Collège Notre-Dame de Jamhour). Then he completed his classes préparatoires at Lycée Stanislas in Paris.[7] He graduated with engineering degrees from the École Polytechnique in 1978 (X1974) with...
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...Functional area relationship: Riordan manufacturing BUS\475- Integrated Business Topics Riordan Manufacturing Riordan is the largest industry capable of making polymer products. They are proud on their strategic planning and intelligence due to which they are able to make unique products. For the client’s satisfaction, the mission of the company is that the work and processes should be perfect and precise. The unique qualities of Riordan can be analyzed through their way of working in new projects. To fulfill the client’s requirements they work in intensive care environment to make their product perfect. Due to remarkable reputation Riordan is spreading their industry to make maximum products for clients. They have now started to make medical supplies and plastic bottles. To make their reputation regarding to superior quality they have build a plant in china to supply their product globally. The motive of Riordan is that “No compromise in quality”. Reasons for Riordan’s existence Riordan is marketing their products worldwide. They have 550 employs which are working precisely and with unique skills, which have revenue of approximately 1 billion dollars. Riordan produces different products in their worldwide plants. Albany plant produces plastic containers, Hangzhou, china plant produces fans and other plastic products are produced in their plants located in Michigan and Pontiac. Beside of making these plastic products Riordan is also capable of making automotive parts...
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...participation of a board of directors, officers, and shareholders. According to the corporate Director’s guidebook,”Directors are elected by the shareholders and have a duty to advance the interests of the corporation to the exclusion of their own interests” (Anonymous, 2011). Although shareholders are unable to manage the corporation, they put a board of directors in place to “manage the business and affairs of the corporation” and “delegate the day-to-day operation of the corporation to the officers” (Anonymous, 2011). According to Mallor, Barnes, Bowers, and Langvandt (2010), “Officers are appointed by the board of directors” (p. 1054), and must use their power to complete assigned tasks. Ownership of a corporation belongs to the shareholders. Shareholders have the task of ensuring that corporate managers are compliant with corporate statute and bylaws (Mallor, et al., 2010, p. 1083). The purpose of this paper is to present a detailed description of the duties of the board of directors, corporate officers, and shareholders within a corporation. This paper will also include an analysis of the difference between a policy held and close corporation. The Board of Directors The board of directors has the power and responsibility to direct the corporation (Mallor, et al., 2010). This consists of delegating management responsibilities to others such as “an executive committee, chairman of the board, and the chief executive officer (CEO)” (p. 1049). The corporate director’s...
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