...Introduction Liquidity and profitability are two major elements for judging company day to day performance. Company has liquidity means it is able to pay off short term loan, and its cash flow is positive to ensure business running into a profitable future. How much cash that a business hold in stock is crucial for the business, it can indicate whether a company can continue without going concern problem. Working capital is subtractive between current assets and current liabilities, and it is helpful to increase firm’s profitability in the short term but taking a risk of insolvency. Manager of a firm are desired to find a balance between liquidity and profitability to improve cash flow and maximize shareholder’s wealth. As soon as a company starts to run its business, it comes the decision and strategy about how much cash or inventory should be hold, how to financing and investing funds, how much debt to take and how long for the payment periods. Those decisions have serious influences on business cash flow and profitability. The Meaning of Working Capital The way to calculate working capital is: Working capital = Current Assets – Current Liabilities “Current assets may include inventories of raw materials, work-in-progress and finished goods, trade receivables, short-term investments and cash, while current liabilities may include trade payables, overdrafts and short-term loans.” (See table 1) “Working capital is the result of subtracting current liabilities from...
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...Linked In :Beverley Westwood Profile A high-achieving linguist who has proven communication skills and is highly adaptable, and has a high level of commercial awareness Education and Qualifications 2010 - 2014 BA Honours French University of Hull (2:1 expected) Developed excellent written communication skills by writing a 15,000 word report on ‘The French Revolution.’ Used presentation skills to give a talk to my year-group on France at War. My year in France working as a Language Assistant in a French school has developed my self-confidence and time-management skills, as well as giving me an insight into French life and culture. 2008 – 2010 Rotherham Sixth Form College A Levels in French (A), German (B), Geography (D) and General Studies (C) 2005- 2008 Allington Secondary School GCSEs in English Language, Maths, French, German, History, Geography and Biology Work Experience Sep 2013- date IPSOS UK, Hull Market Research Interviewer Conduct telephone interviews with members of the public about a range of consumer products for a major market research company. Call recipients are often reluctant to give information, so good influencing skills are necessary to encourage people to answer questions. An example is when a call recipient informed me that they could not answer my questions, as they were watching a TV programme, but I persuaded them to stay on the call and answer all of my questions. Regularly achieve targets...
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...9-407-036 REV: MARCH 26, 2007 BORIS GROYSBERG STEPHEN BALOG JENNIFER HAIMSON Recruitment of a Star Stephen Connor, director of research at the New York investment banking firm of Rubin, Stern, and Hertz (RSH), was in a bind. His star semiconductor analyst, Peter Thompson, had abruptly announced his resignation; he had received an offer from one of RSH’s competitors. But Peter was not only a star analyst, he was also RSH’s only semiconductor analyst. This was certainly not a role that could be left vacant for long and, right now, RSH particularly needed strong coverage of the semiconductor industry because of an upcoming deal with the PowerChip company. (See Exhibit 1.) Stephen examined how much money Peter generated for the firm and saw that he could legitimately raise Peter’s compensation. Then he devised a backup plan: to split Peter’s team by encouraging Peter’s junior analyst, Rina Shea, to stay at RSH. Peter ended up leaving the firm and Stephen promoted Rina to senior analyst, assigning her to cover PowerChip and the rest of the semiconductor industry, at least temporarily, while he decided whether to offer her the position permanently or hire someone from outside the firm. Now Stephen faced the task of finding a permanent replacement for Peter. Should he make Rina a permanent offer or hire from outside? RSH Research Department RSH’s corporate culture was especially strong in its research division. Senior research analysts often began as junior analysts and remained at...
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...9-407-036 REV: MARCH 26, 2007 BORIS GROYSBERG STEPHEN BALOG JENNIFER HAIMSON Recruitment of a Star Stephen Connor, director of research at the New York investment banking firm of Rubin, Stern, and Hertz (RSH), was in a bind. His star semiconductor analyst, Peter Thompson, had abruptly announced his resignation; he had received an offer from one of RSH’s competitors. But Peter was not only a star analyst, he was also RSH’s only semiconductor analyst. This was certainly not a role that could be left vacant for long and, right now, RSH particularly needed strong coverage of the semiconductor industry because of an upcoming deal with the PowerChip company. (See Exhibit 1.) Stephen examined how much money Peter generated for the firm and saw that he could legitimately raise Peter’s compensation. Then he devised a backup plan: to split Peter’s team by encouraging Peter’s junior analyst, Rina Shea, to stay at RSH. Peter ended up leaving the firm and Stephen promoted Rina to senior analyst, assigning her to cover PowerChip and the rest of the semiconductor industry, at least temporarily, while he decided whether to offer her the position permanently or hire someone from outside the firm. Now Stephen faced the task of finding a permanent replacement for Peter. Should he make Rina a permanent offer or hire from outside? RSH Research Department RSH’s corporate culture was especially strong in its research division. Senior research analysts often began as junior...
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...WORKING CAPITAL POLICY OF WHSmith PLC OLUKAYODE OMOSEBI MBA -8A A4032655 ACF: ACCOUNTING AND CORPORATE FINANCE TABLE OF CONTENT INTRODUCTION………………………………………………………………………………………..3 WORKING CAPITAL POLICY…………………………………………………………………………5 WHSmith: WORKING CAPITAL POLICIES………………………………………………………6 CASH CONVERSION CYCLE………………………………………………………………………..10 KEY ISSUES……………………………………………………………………………………………..11 RECOMMENDATIONS ………………………………………………………………………………12 CONCLUSION………………………………………………………………………………………….15 REFERENCES…………………………………………………………………………………………..16 APPENDICES…………………………………………………………………………………………..17 INTRODUCTION WHSmith PLC is one of UK’s leading retailers and is made up of two core businesses – Travel and High Street. Travel stores sell a tailored range of products to cater for people on the move or in need of a convenience offer. High Street sells a wide range of products which are divided into four categories: Stationery (including greetings cards), Books, and News and Impulse (including newspapers, magazines, confectionary and other impulse products), as well as a convenience offer of Entertainment products. High street’s trading is seasonal, peaking at Christmas, with other peaks at Easter and in August and September for the ‘Back to School’ range. WHSmith aims to build on its position as the UK’s most popular bookseller, stationer and newsagent by continuing to grow its strongly performing Travel business and delivering its High Street plan. It aims to improve the company’s...
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...Recruitment of a Star Introduction The case is based on Stephen Connor, director of research at the New York investment banking firm of Rubin, Stern, and Hertz (RSH) who is facing a delima of recruiting a Semiconductor analyst in place of the star analyst who recently quit his job. The issue needs immediate attention because of an upcoming deal with the PowerChip company which requires an expert level analyst Rubin, Stern and Hertz(RSH), an investment banking firm based in New York, is faced with the problem of hiring a replacement for their star semi-conductor analyst, Peter Thomson. Star analysts willing to shift companies are difficult to find in the present market scenario. But Stephen Connor, director of research at the firm, with the help of Craig Robertson, a head-hunter at Triple S, has managed to shortlist 3 worthy candidates with diverse profiles. Stephen was also approached by Anita Armstrong on behalf of a fourth candidate, Seth Horkum.RSH is strong in its Research Division, where Stephen Connor, director of RSH, was worried over the departure of a star analyst performer in its semi – conductor area also on may note that RSH’s culture was built on team-oriented approach and Employee turnover was low. The Star semi-conductor analyst Peter has retired. The post is urgently in need of skilled analyst in the domain because of an upcoming deal with POWERCHIP Company.The junior analyst, Rina was promoted to senior analyst as a stop-gap solution. But the Director had...
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...of thoughts and definitions about the digital divide. The digital divide can be defined in a number of ways. It can be defined as the fact that certain parts of the population have substantially better opportunities to benefit from the new economy than other parts of the population (Nielsen, 2006). The digital divide can also be defined as the gap between individuals, households, businesses, and geographic areas at different socio-economic levels with regard both to opportunities to access information and communications technologies and their use of the internet for a wide variety of activities (Flemings, 2011). Lastly, and probably the simplest definition is the gap between those who benefit from digital technology and those who cannot (Smith, "Digital Divide" Defined (Hint: it's not about access.)). All of these definitions are correct and accurately describe the digital divide. Digitalization (Technology) Today new and changing technology is all around us. No matter where we go or what we do we are surrounded by technology. The technology is ever changing, what’s new today is outdated and old within a year or so. This is where the problem lies; there are certain groups of people who are unable to keep up with the technology and its rapid...
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...Strategy in Entrepreneurial Ventures A case study by, Arun Venkatachalam FT MBA 2009/10 May, 2010 Table of Contents 1. 1.1. 1.2. 1.3. 1.4. 2. 2.1. 2.2. 2.3. 2.4. 2.5. 3. 3.1. 3.2. 3.3. 3.4. 4. 4.1. 4.2. 4.3. 5. BACKGROUND ....................................................................................................................................... 3 Who or What is ‘LOVEFiLM.COM’? ................................................................................................. 3 Why are they considered a high growth entrepreneurial company? ..................................................... 4 Where they are currently? .................................................................................................................... 6 What is the basis for this report? .......................................................................................................... 6 BEGININING OF ‘LOVEFiLM.COM’ .................................................................................................... 7 The Innovative Online Business Opportunity ...................................................................................... 7 The Market Analysis of 2001/2002 ...................................................................................................... 9 Strategic Analysis of the Business Environment ................................................................................ 10 Competitor Analysis ...........................................
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...OUTCOME OF EMPLOYEE ENGAGEMENT Due to developments in sciences, organisations are making optimum use of the latest technologies to increase their output. This requires a large number of highly skilled and informed workers to perform their tasks in high technological environment. This knowledge workforce demands requisite status and independence in their fields which poses great problems to the managers as the skilled workers cannot be handled easily. To overcome this problem, in the last quarter of the twentieth century, focus of the employers has shifted towards employee engagement. The employers believe that their business output and performance can be increased through skillful use of employees (Markos & Sridevi 2010). Now the concept of the employee engagement is emerging and research is also making a good pace to define its true meanings (Macey & Schneider 2008) as the businesses and associated firms have increased their concern towards the employee engagement. Enough theoretical research has not been carried out in this field (Robinson, Perryman & Hayday 2004) and little information is available on its precursors and outcomes. On the other hand, some effort has been put up by practitioners to explain the concept of the employee engagement (Saks 2006). If we view its meanings from various researchers, we come across a variety of definitions (Swarnalatha & Prasanna 2013). Narrative of the employee engagement may also vary according to the contender undertaking...
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...World Review of Business Research Vol. 2. No. 2. March 2012. Pp. 16 - 31 Corporate Governance-Its Problems & Prospects in Banking Industry in Bangladesh Begum Ismat Ara Huq* and Mohammad Zahid Hossain Bhuiyan** Corporate Governance ensures to bring transparency, accountability and professionalism in the management system of a corporate body that enhances the credibility and acceptability to the shareholders, employees, potential investors, customers, lenders, governments and all other stakeholders. This is more true in case of Banking Industry. Since Banks deal in public money, public confidence is of outmost importance in this Industry. The study aims at finding out problems & deficiencies involved in Corporate Governance practice in Banking Industry in Bangladesh and also suggesting ways and means to remove the same in order to make the Corporate Governance practice sound and effective. In this study, both the primary and secondary data were used. The primary data relating to problems involved in Corporate Governance practice and suggestions to remove the same were collected on the basis of a questionnaire by interviewing 24 randomly selected Bank personnel such as Directors of the Board as the internal part of management and the Auditors as the external group. The secondary data were collected through an extensive literature survey on the subject. The study has identified some major problems in Corporate Governance practice in the Banking Industry of the country. The prospect...
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...World Review of Business Research Vol. 2. No. 2. March 2012. Pp. 16 - 31 Corporate Governance-Its Problems & Prospects in Banking Industry in Bangladesh Begum Ismat Ara Huq* and Mohammad Zahid Hossain Bhuiyan** Corporate Governance ensures to bring transparency, accountability and professionalism in the management system of a corporate body that enhances the credibility and acceptability to the shareholders, employees, potential investors, customers, lenders, governments and all other stakeholders. This is more true in case of Banking Industry. Since Banks deal in public money, public confidence is of outmost importance in this Industry. The study aims at finding out problems & deficiencies involved in Corporate Governance practice in Banking Industry in Bangladesh and also suggesting ways and means to remove the same in order to make the Corporate Governance practice sound and effective. In this study, both the primary and secondary data were used. The primary data relating to problems involved in Corporate Governance practice and suggestions to remove the same were collected on the basis of a questionnaire by interviewing 24 randomly selected Bank personnel such as Directors of the Board as the internal part of management and the Auditors as the external group. The secondary data were collected through an extensive literature survey on the subject. The study has identified some major problems in Corporate Governance practice in the Banking Industry of the country. The prospect...
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... 1.1 Internal marketing Environment Page 3 1.2 External Environment Analysis Page 4 1.3 Competitive Analysis Page 6 Section 2: SMART objective Page 7 Section 3: 3.1 Segmentation Page 8 3.2 Targeting Page 9 3.3 Positioning Page 10 Section 4: 7P’s Page 11 Section 5: Control and Evaluation of Marketing Plan Page 18 Section 1 Marketing Audit HMV Group is the UK’s leading specialist retailer of filmed entertainment, games, music and portable digital technology products, with a portfolio of live entertainment venues and music festivals. (http://www.hmvgroup.com/about-us/who-we-are.aspx, 2011). The company operates through four business divisions as detailed below. (Datamonitor, 2010) 1.1 Internal marketing Environment |Strategy |Acknowledging that HMV’s core markets for packaged media are changing, HMV is rebalancing their | | |store space and range to maximise sales of high-growth digital portable technology products | | |(http://www.hmvgroup.com/answers/our-strategy.aspx, 2011)...
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...Receptionist Job Ad JOB SNAPSHOT Publish Date: 11-28-2010 Industry: Marketing Location: Tampa, FL, 33619, USA Employer: The Marketing Company DESCRIPTION Title: Human Resources Receptionist Location: FL-Tampa Salary: $27,000 to $32,000 per year 2 The HR receptionist is an integral part of the HR team. In this important role, your responsibilities will include a variety of duties including organizing recruitment workflow paperwork, light employee relations, assisting with employee training and development, and assisting with special HR projects and HR reports. The main responsibilities of the receptionist include answering incoming calls, greeting guests, and other clerical duties as needed. The ideal candidate will have 2 years of experience as a receptionist, will be comfortable working in MS Word and Excel, and will be able to work in a fast paced environment. Employee Relations - Partners with staff on a variety of employee relations issues and escalates to managers as necessary. - Answers general benefits questions and resolves issues with Fidelity and/or corporate benefits as necessary. - Assists with on-boarding new employees - Contributes to HR quality improvement Data Management - Monitors HRIS to ensure that reporting structures/job titles/cost centers are correct Recruiting/ Selection - Generates and prints out a variety of reports as requested by management - Prepares and updates organization charts Required Skills - High School Diploma required; Bachelor's degree...
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...sales and conducting transactions over the Internet. Alongside, the increase in the competition and the continuous globalisation of the business organizations with the presence of conglomerates both at the national and international markets has created the need for electronic commerce as an alternative to leverage growth in business and generate revenue. Retail sector in the UK accounts for a major portion of the nation’s annual revenue. The increase in customer demand for new products as well as the flexibility for shopping online, the electronic commerce has made a tremendous impact in the actual form of retailing itself. In this report, the author aims to analyse the impact of electronic commerce over the retail sector and the extent to which electronic commerce has reached the general public. o Aim and Objectives The aim of this report is to analyse the impact of electronic commerce on TESCO Plc: the leading retailer of the UK. The research is accomplished through the following objectives • To analyse the growth and impact of electronic commerce in the business society of the UK. • To research the effect of electronic commerce on the retail sector as a whole • To conduct a case study analysis on TESCO Plc using secondary data resources • To conduct a primary research analysis on the electronic retailing approach of TESCO Plc • Critically analyse the impact of the electronic commerce on the entire retail sector. o Justification for the research ...
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...Executive Summary In this research paper, we attempt to explore initiatives introduced by the United Nations in support of anti-corruption in emerging markets, such as Principle 10 of the United Nation’s Global Compact. We determined to explore this topic area after realizing a paradox: while the United Nations has recognized the phenomenon of corruption as “one of the world’s greatest challenges”, the sole UN principle that addresses this issue is under-developed and is the least among the four focus areas of the Compact (as compared to human rights, labour, and environment). Furthermore, there are even less initiatives undertaken by the UN that specifically address the prevention of corruption in emerging markets, both in business and government sectors. We begin by providing a literature review of past research in our topic area, followed by a theoretical analysis of the causes of corruption in emerging markets. As part of this theory, we have identified five variables that are our focus: level of poverty, cultural boundaries and differences, access to education, amount of extortion and bribery in government and business, and level of transparency and accountability. Using these variables, we arrive at new conclusions and then provide a discussion on their implications for international managers. Throughout the paper, we also explore the magnitude of the effects that have resulted from the addition of Principle 10 to the Global Compact. Introduction A wide...
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