...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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...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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...Introduction Many companies set out to be the best in the field that they are in. The Riordan Manufacturing Company is no different. They have set high goals to be the leaders in their industry and have strong strategic planning to help back this up. They are a company strives to put their people and consumers first and by doing so have been able to be leaders in their industry. They have a clear mission and vision of what it will take to be the best and have strived to be leaders in their field in all aspect of their business. The Riordan Company is built their reputation on good customer service and doing what it takes to have great employees that are all working for the same thing. Mission and Vision The Riordan Company has set them up for success by understanding what it will take to be leaders in their field. They feel that strong business values are important and they are striving to reach the goals they have set forth for themselves. Being a global plastics manufacture can be a tough business to be in and to be successful the Riordan Company realizes that then need to use tools such as six sigma to help them out in problem solving as well as business decisions making. They have set standards such as meeting or exceeding the ISO 9000 standards for great business practices to insure that the products they put out will be the best on the market. They have a strong R-Dbase to help them have the latest and greatest products out on the market. They understanding the importance...
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...Critical Success Factors * The company’s success also depends on management’s ability to recognize and react to changes in market conditions and consumer preferences. * The company’s success is highly dependent on the personal efforts and abilities of its current executive officers * The company relies on its chairman of the board, president and chief executive officer, chief financial officer and treasurer, and its chief operating officer. * The loss or prolonged absence of the services of one or more of these individuals could have a significant adverse effect on the business and its financial condition operating results, and cash flows. * The company’s continued growth also depends on its ability to attract and retain experienced management personnel Critical Risk Factors (p. 40) * Intense price competition resulting in then, possibly negative, margins on sales of manufactured homes * Hence, TMH’s income is driven by its customer financing activities * Many of TMH’s customers are borrowers with limited or troubled credit histories – “subprime” borrowers * Subprime borrowers default at higher rates during economic downturns * Default risk is a significant business risk for TMH * Changes in general economic conditions * Levels of consumer confidence * Interest rates * Housing supply and demand * Employment trends * Inventory levels * Availability of retail (consumer) financing * Availability...
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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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...Career Exploration in Healthcare Administration Introduction I have always been fascinated with science and technology my whole life. The human body is one of the most complex works of art. Everything about it is intriguing and beautiful like a finely tuned watch, where everything must work in harmony, from the organelles of our cells to our very own organs. With the advancements in technology, Medicine as we see today is only a small fraction of what medicine will be in the future and I want to be part of a field that has so much to offer and ultimately change lives. After graduating from The University of Georgia with Bachelor’s of Science and Microbiology degree, I worked as a pharmacy technician at CVS until I received my acceptance into Medical College of School. It wasn’t long before I quickly realized the long road ahead me with a tremendous amount of debt. I still wanted to enhance my education in a more cost effective way. Getting my MBA, from Mercer University Stetson School of business, will allow me to enter the healthcare industry and work along side doctors and innovators from all over the world. Healthcare Industry The healthcare industry is full of many career opportunities, from financial data analysis to clinical trial management. This fast paced industry is constantly evolving with innovations and breakthroughs. The Affordable Care Act (ACA), passed in 2010, is changing the dynamics of the healthcare as we move into the future. According to the Bureau...
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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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...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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...LEG100: LEGAL ADVICE Carolyn Locklear Strayer University Professor Tonya Fewell December 6, 2011 The company I chose is Family Dollar who opened their first store in 1959 in Charlotte, North Carolina. Their headquarters is in Matthews, North Carolina. On September 27, 2011 Family Dollar announced that it has named Michael K. Bloom to the position of President and Chief Operating Officer and promoted Dorlisa K. Flur to the position of Vice Chair, Strategy and Chief Administrative Officer. Both Mr. Bloom and Ms. Flur will report to Howard Levine, Chairman and CEO. These appointments follow the announced retirement of R. James Kelly as Family Dollar's President and Chief Operating Officer after 15 years with the Company. (Wall Street Journal) Howard Levine believes that the new change would enhance and take the company to the next level. Mr. Levine commended Mr. R. James Kelly for his 15 years of commendable work and bringing Family Dollar where it is today; however over the next six months Mr. Kelly will assist on the new plans for the company. Some of the major plans Family Dollar have over the next couple of years with the new administration are in connection with the appointment of Mr. Garden to the Family Dollar Board, the Company entered into an agreement with Trian Partners and certain of its affiliates. Trian was founded in November 2005, Trian Fund Management, L.P. ("Trian Partners") is an investment firm whose Principals are Nelson Peltz, Peter May...
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...Office Depot William Garcia Webster University Basic Finance for Managers BUSN 5200 Jason Fowler, MBA, CPA December 09, 2011 Office Depot There are organizations that provide essential services to society in which people and other institutions become very dependent of these services. Office Depot is one of these organizations, which offers services and products that are vital to daily operations around the world. The taking care of business history and the ability to provide office supplies to not only the United States but many countries around the world, positions Office Depot as a retail leader in its industry. The reputation as a leader in the retail world was steadily built since March of 1986. History Office Depot, Inc. Is a supplier of office products, which is part of the New York Stock Exchange (NYSE) and trades under the symbol of ODP. The organization was founded in March of 1986 by the late F. Patrick Sher, Jack Kopkin, and Stephen Dougherty (Company History, 2011). The founders open the first Office Depot in Fort Lauderdale, FL and by the end of 1986 three stores in Florida were generating over Two million dollars. The organization celebrated its 25th anniversary as a leading retailer providing office supplies and service to millions of customers around the world. The organization provides services through the 1,627 retail stores around the world, a top-rated catalog sales force, and global e-commerce operations. These three sales divisions...
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...Information security compliance starts at the top; the Chief Executive Officer is ultimately responsible. The Chief Information Officer (CIO) is charged with the information technology business governance and policy creation of an organization. A new position was created to assist the Chief Information Officer (CIO) to combat the security needs of the enterprise, Chief Information Security Officer (CISO) or Chief Security Officer (CSO) or both depending on the organization's structure. For publicly traded companies, the primary stakeholders are the stockholders. Decision and management style directly affect how the world perceives the worth of an enterprise’s management in today’s global market. Companies today have a footprint that would...
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...Customer Service B119/MNA1161 Chick-fil-A and Leadership Rasmussen College Philip Wieck October 25, 2012 Chick-fil-A and Leadership Chick-fil-A stated in 1946 and is still a family owned company today. Truett Cathy set out on a mission to “Be America’s Best Quick-Service Restaurant.” Now with 1,615 locations across 39 states they are America’s second largest fast food chicken restaurant. The main executive committee as listed on their website is as follows: S. Truett Cathy, Founder, Chairman and Chief Executive Officer Dan T. Cathy, President and Chief Operating Officer Donald M. "Bubba" Cathy, Executive Vice President and Dwarf House President James "Buck" McCabe, Executive Vice President, Finance and Chief Financial Officer Steve Robinson, Executive Vice President, Chief Marketing Officer Perry Ragsdale, Executive Vice President, Design, and Construction Timothy Tassopoulos, Executive Vice President, Operations All of the corporate employees are selected through a process that can take 3 weeks to complete. All corporate employees also work at least 1 day per year in an establishment because they do no feel it is fair to ask someone to do something they are not willing to do themselves. They strive to create a positive, creative and productive work environment which seems to be working well for them since they are able to retain about 95% of their employees from year to year. They have experienced professionals, new graduates and interns. All employees are...
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...Secondary Data Sources July 29, 2013 Secondary Data Sources Whether the health care organization is a for-profit organization or a not-for-profit corporation, the governing body (GB) is a standard component of the health care system. GBs range from ultra simple in structure, such as is found in a health care facility operating a nursing home, or more complex, as those found central to large, expansive health care systems with multiple hospital and auxiliary operation sites. One of the GB’s most important tasks is the selection and evaluation of the Chief Executive Officer (CEO) (Longest & Darr, 2008). Titles may vary, but more often than not, titles used in the financial services industry are adapted for use in the health care organizational structure. There was a time when a person could be selected to serve on the GB as a token of appreciation for a life-long financial alliance with the health care organization. This is no longer allowed. Members of the GB now need to possess proven leadership skills and demonstrated leadership successes. According to Longest and Darr (2008), “suggested desirable personal characteristics of a trustee include capability in listening, consensus building, communicating, and leading, as well as ability to think outside the box” (p. 61). The members of the GB should also possess a working knowledge of finance, strategic and financial planning, and a general understanding of community needs and assessment, medical and information...
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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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...Sample Job Description for Position of Chief Executive Officer Modified by Carter McNamara, MBA, PhD | Applies to nonprofits and for-profits unless noted First-Timers | Library Catalog | Library Home Page | Contact Us | Reprint Permission Authenticity Consulting Home Page | MAP Home Page (The following job description should be reviewed and customized by an organization to meet the needs and nature of the organization.) NOTE: References to a Boards of Directors in the following are in regard to chief executive officers of corporations, whether for-profit or nonprofit. Nonprofit-specific items marked as such. Job Title: Chief Executive Function: · To implement the strategic goals and objectives of the organization · With the chair, enable the Board to fulfill its governance function · To give direction and leadership toward the achievement of the organization's philosophy, mission, strategy, and its annual goals and objectives Reports to: Board of Directors Major Functions/ Accountabilities: 1. Board Administration and Support -- Supports operations and administration of Board by advising and informing Board members, interfacing between Board and staff, and supporting Board's evaluation of chief executive 2. Program, Product and Service Delivery -- Oversees design, marketing, promotion, delivery and quality of programs, products and services 3. Financial, Tax, Risk and Facilities Management -- Recommends yearly budget for Board approval...
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