...Company visit/ guest lecture | Highlite Kerkrade | Subject and relation to marketing, finance or law in week … and lesson | A company trip to Highlite was arranged by the course coordinator Mauk Wilbers. | | Summary of company visit/ guest lecture (between 240-280 words). Study the company website. Do research and find a competitor, client and supplier for this company. Give your comment on the relation with these 3 parties. Think in terms of opportunities and threats (external analysis) and Porter’s framework. Describe the three questions you prepared for the company visit or guest lecture concerning export, law, finance and/or supply chain management and logistics, the analysis and the answers. | When we went to Highlite Kerkrade we were taken in by the vice president Patrick Hervelle, who has been working at the company for sixteen years. The company was started in 1994 with an earlier version created in 1993 in Huls. When they first started they were only hired for bands and provided their sound equipment but that quickly escalated. Highlite is the main importer and wholesaler of audio and lighting for the entertainment and architectural industry; they are a ‘one stop solution’. Right now they have 141 fulltime employees with 28 across Europe and on the road. They have a yearly turnover of 40-45 million euros; they import 30 million from China and export their product to over 70 countries and have more than 4000 customers worldwide. They have started their own...
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...INTRODUCTION Company law has now put on a broad scope as a result of global economic and technological advancement in this era thus touching on a number of disciplines. Issues pertaining to the company and its administration has been clearly spelled out in the Companies Act 1963 (Act 179) of Ghana. Company law (or the law of business associations) is the field of law concerning companies and other business organizations. This includes corporations, partnerships and other associations which usually carry on some form of economic or charitable activity. The most prominent kind of company, usually referred to as a "corporation", is a "juristic person", i.e. it has separate legal personality, and those who invest money into the business have limited liability for any losses the company makes, governed by corporate law. The largest companies are usually publicly listed on stock exchanges around the world. Even single individuals, also known as sole traders may incorporate themselves and limit their liability in order to carry on a business. All different forms of companies depend on the particular law of the particular country in which they reside. MEMBERS MEETINGS AND RESOLUTIONS Members of a company are, according to section 30 of the Companies Act are; (1) The subscribers to the Regulations shall be deemed to be members of the company and on its registration shall be entered as members in the register of members referred to in section 32 of this Code (Section 30 (1)). ...
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...is designed to assist Artemis Sportswear Company in cutting their operational expenses to increase profit margins, while considering the effect on workers and productivity. Background “In the 1970s, athletic sportswear began to evolve from a product line aimed at small and unique markets into a mainstream fashion product” (Clean Clothes Campaign, 2004). Artemis Sportswear Company has helped transform sport shoes and apparel into a fashion statement. Today the “total worth of the athletic apparel and footwear market is estimated at over 58 billion US dollars” (Clean Clothes Campaign, 2004). Key Problems In recent years Artemis Sportswear Company has been experiencing a decrease in sales due to the current economy. Artemis now wishes to assess operational expenses and find ways to increase profit margins. After assessing their budget we have found that the key problems of this company are wasted labor costs, office supply expenses and employee productivity. Alternative Solutions Labor Cost In order for a company to survive, increase its revenue and reduce its operational costs, it may need to cut down labor. Labor is considered to be the highest cost within many companies. Artemis has a lot of pressure on its shoulders to cut down the operational costs. As a business, Artemis can cut down the operational costs by down-sizing the labor force so the company can compete with other sportswear companies. There are two ways a company can down-size the labor costs, one of these...
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...which manufactures and sells contemporary fine jewellery. In WFJ, SL handled the core business while SF was in charge of designing and ensuring the quality of the jewellery. In 2000, SF effectively retired from the business, but SF still had a significant influence on the company. Furthermore, SF held 25% of share capital when WFJ was duly incorporated. Later, SF was appointed as a director of the company. Subsequently, SL insisted that the following provision be included in the articles of association of WFJ, despite SF stating that she has no ambition to take any significant role in the company: “Wong Siu Foong shall be appointed to the Board of Directors for as long she holds shares in the Company, and shall not be removed without the approval of Wong Siu Long. As director, Wong Siu Foong shall be entitled to an annual remuneration amounting to $60,000 or 1% of the Company’s after-tax profits, whichever is the higher.” The issue presented in this question is whether SF can enforce the above provision against WFJ. Based on the facts, the general law can be applied to determine the effectiveness of the provision. S39(1) of the Companies Act (“CA”) states that the memorandum and articles shall bind the company and the members as if the respective parties had signed and sealed in a contract to observe all the provisions of the memorandum and the articles. Hence, the provision in the article is said to be effective. However, there are alternative arguments to this case. The Singapore...
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... |Suggested evidence to be retained | |. | | | |1. |Each candidate should write a report that|A written report that can be used by Charles Prospect to| | |can be used by Charles Prospect to |give the required presentation to the client | | |deliver his presentation to Bean & Co. |It should clearly describe the personality of a company | | |The report will be assessed for the |separate from its owners and board | | |demonstrated knowledge of the legal |It should also describe the process by which a company | | |formation of a company, forms of |can be formed and registered | | |corporate body and procedures for company|The different forms of corporate body that can be formed| | |formation. Case Study 1 provides |should be clearly described | | |background information for this. | | | | | | | | | | | ...
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...analytics software company that has over fourteen thousand employees. SAS delivers proven solutions that drive innovation and improve performance. While this was likely intended to refer to their products, it refers to their overall company as well. So much so in fact that companies like Google have modeled their own culture after that of SAS. SAS has been on the list of top companies to work for the last thirteen years (Kaplan, 2010). Initially the SAS software was designed to analyze agricultural data but it has grown into a product with practically limitless uses. Retailers can use it to determine everything from pricing to where to put their next location, banks can use it to see what services customers may respond to, even the Census Bureau uses SAS software (Kaplan, 2010). The key to SAS’s success appears to lie with the fact that Goodnight realized early on that the key was in keeping employees happy. Employees like to know that they are valued and that they matter. SAS’s demonstrates this by actively practicing 4 main leadership values. Value people above all else: This was evidenced in 2009, when many other companies had to resort to layoffs to stay afloat. SAS employees became concerned about their own jobs. Goodnight quickly informed them that there would be no layoffs but to please watch their spending. Since employees were relieved of having to worry about job losses, this in turn allowed them to remain productive and at a time when other companies were struggling...
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...Discuss the procedure to incorporate a public company in Malaysia. The law relating to incorporation of a company in Malaysia is governed by the Malaysian Companies Act, 1965. As per the act any company doing business or wishing to do business in Malaysia must register with the Companies Commission of Malaysia (CCM) under the Companies Act 1965. To incorporate a company, a person must apply the application of search name. A name search must be conducted to determine whether the proposed name of the company is available. Refer to Government Gazette No. 716 dated 30 January 1997, Gazette (Amendment) dated 11 October 2001, Guidelines For Naming A Company and Guidelines For Application Of A Company Name. The steps involved are completion and submission of Form 13A CA (Request For Availability Of Name) to SSM and Payment of a RM30.00 fee for each name applied. Where the proposed company’s name is approved by SSM, it shall be reserved for three months from the date of approval. A person must lodgment of incorporation documents. Incorporation Documents must be submitted to SSM within 3 months from the date of approval of the company’s name by SSM, failure of which a fresh application for a name search must be done. An original of the Memorandum and Article of association shall each be stamped at RM100.00. Stamps are affixed at the Inland Revenue Board’s stamp office. The first directors and secretaries shall be named in the Memorandum and...
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...Questions B.Com. (III) Company Law Session 2012-13 (Short Answer Type Questions) (i) What do you mean by ‘Lifting of Corporate veil’? (ii) What is the difference between a Private company and Public company? (iii) Explain the procedure for converting a Private Ltd. company into a Public Ltd. company. (iv)Distinguish between transfer and transmission of shares. (v) What do you mean by the term ‘Charge’? (vi) Define Minutes. (vii) Explain the statutory provisions relating to quorum for different kinds of company meetings. (Long Answer Type Questions) Unit-I 1. Define the term ‘Company’. What are its characteristics? 2. Who is a Promoter? Discuss his legal position in relation to a company which he promotes. Also discuss the rights and liabilities of promoters. 3. What is Memorandum of Assoiation ? Set out various clauses which must be incorporated in the company’s memorandum. Also discuss the procedure for changing the object clause. 4. What is Prospectus? What are its contents? Also discuss the consequences of mis-statement in prospectus. Unit-II 5. What is a Share? Describe the various types of shares that can be issued by a company. 6. Define a Member. How can membership be acquired? Discuss the rights and liabilities of a member. 7. How are the Shares in a company transferred? Can the board of directors refuse to register transfer of shares? Whar is the remedy open to the transferee in such a case? 8. The Companies Act has prescribed limitation...
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...For Companies Both Big and Small Case study Abstract This paper is about the case study of two companies: CPS energy, a Texas- based company and Lloyd’s construction, a Minnesota based company. To put it briefly, these companies, at the time had a problem with implementing new technology at the office. They encountered resistance from employees. And compared to their competitors, they were not productive enough and were far behind in terms of efficiency. Relating to this I have prepared why people resist change and proposed some effective strategies to deal with them. The paper gives a detail understanding of the two company’s situation and how they could also have solved it. Introduction Technology is truly a boon when you know about it and use it. But it becomes a curse when you can’t. That is the bitter truth about technology. And sadly one of the very prominent reason some business fail is because of lack of investment in technology (Bower & Christensen, 1995). This specially happens among companies which have their history and reputation in the society while using their traditional methods or equipments. This case study is the same. CPS energy is a Texas-based, energy providing company owned by the municipal of the region. A decade ago, they had roughly 4000 workforce, providing its services to the community and riding the road to riches (Markas, 2013). Their customers and workforce were satisfied. But from a different perspective, it was very clear that...
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...1.How would you describe the goal(s) of the company as a whole? Is this, or are these, the same as the goal(s) of the company’s marketing organization and the company’s 25 managers of manufacturing plants? Explain. Ans. The main objective of the company is to increase profitability and achieve high growth. The company is striving hard to achieve cost effectiveness and achieve high level of quality. Now, the goals of the company’s marketing organization and company’s 25 managers of manufacturing plant are different. The marketing division is treated as a “Revenue Centre” so the goal of the company’s marketing organization is to maximize revenue and sell what is produced. They are evaluated on the basis of meeting the set sale unit and sales dollar targets. Also, they are responsible for making demand forecasts which are used to decide the production levels of each plant. Whereas, the manufacturing plant have the goal to just meet the budget figure and fulfill the quota allocated to each plant. Since they are considered as an expense center and there is no immediate monetary reward to compensate for increase in responsibilities or requirements, they are not concerned to achieve higher efficiency and thus, want to exceed the targets. 2.Evaluate the current management planning and control system for the manufacturing plants and the marketing departments. What are the strengths and weaknesses? Ans. By 1989, the company was one of the world’s largest cloth manufacturer. Following...
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...Doorly Zoo in Omaha. Along with important mining and off-shore operations, the company also contracts small grading (dirt moving) projects for residential or commercial development. Kiewit’s history goes all the way back to 1884, when two brothers named Peter and Andrew Kiewit formed a company called Kiewit brothers in Omaha, neb, and it was a masonry partnership. It was the move that made the most...
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...Gomez Stephanie Gomez 11/20/2013 TJX COMPANIES, INC. TJX Companies, Inc. The Fortune 500 is a list that ranks the top 500 corporations as ranked by their gross revenue after modifications are made to exclude the impact of taxes. As an advisory board, we would like for you to invest your money where we feel that you would make maximum profit. Until a few years ago, TJX entered into the Fortune 500 rankings with a $15 billion revenue and the company has continued to strive ever since. TJX has sustained and will maintain their upward direction in the stock market and the stock has potential to progress in the upcoming years. As a result, more and more investors are being intrigued with the success of this company because of the rise in the market. Investing in this company would be ideal because of its positive pattern and great strategy to attract consumers. Walking into department stores can be aggravating at times. The prices of certain items can shoot of the roof, and the brand may not even be of good quality. If you want to buy furniture, you have to walk into a whole different store. This not only wastes time, but it can turn into a hassle. Running over here then running back, it just doesn’t make sense. What if I told that you can get best of both worlds? Literally! TJX Companies Incorporated is the largest international fashion apparel and home fashions off price department store in the United States. The mission of the company is to deliver brand name and designer...
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...Apple Company Apple incorporation is an American company established in 1971 by Steve jobs and Steve Wozniak. The company’s headquarters are located in Cupertino, California. Apple Incorporation specializes in designing and developing computer hardware and software but has recently diversified into other consumer electronic goods. Apple Incorporation is the second biggest information technology company by revenue with an estimated revenue of US $414 billion. Apples’ success in the technological sector, stems from it’s; commitment in providing best computer and other electronic experience to its clientele by providing quality products from extensive innovation and creativity. This paper will examine some key ideas, strategies and concepts that this company employs in its operation that makes it a success in the information and technology industry. It will also discuss some of the lessons and ideas businesses need to incorporate into their operations, in order for them to realize success like Apple Incorporation. To begin with, Apple employs vertical integration and diversification strategy in its business operations. This strategy makes it hard for any other technological companies to compete with it. This is because this strategy makes apple to diverse its business operations but connect them into one big company (Adams, 2012). For instance, Apple has segmented its company into a software company, hardware company, retail company and services company. Most corporations...
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...Limited Liability Company (Societate cu Raspundere Limitata) A limited liability company is a corporation established by maximum 50 associates. The business relies upon the foundation documents. The registered capital of a limited liability company cannot be less than 200 RON. The registered share capital of a limited liability company is usually split into social parts/shares, with a registered value of minimum 10 RON. The law forbids the shares of these corporations to be involved for loans or other banking operations. Shares cannot be freely exchanged, making limited liability companies, more or less, like private companies in other countries. Limited liability companies may very well be constituted by only one individual. The law stipulates that resolutions are made by mainstream ballot in the General Meeting of Shareholders (each share represents one vote). Decisions involving adjustments in the articles of association have to be accepted by all shareholders, if the documents do not mention otherwise. Minimum one Manager is assigned in the articles of association contract, the same person who is responsible for the management of the company. Nowadays most of the Romanian corporations, regardless of the nationality of their owners, are limited liability companies SRL. | Joint Stock Company (Societate pe Actiuni) A joint stock company is a limited liability corporation (legal person) with registered capital of a minimum of 25.000 EUR or the equivalent of 90...
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...Startup Company Name Institution Date Describe the new start-up company that you have created. Include in your description the nature of your company, its mission and vision, your company’s product, an analysis of your staff, and your target clientele. DynaTech is a company that has emerged in the industry of drone navigation and since it was established, it has been capable of developing a standard operating process, which has been essentially responsible for the acquisition, transfer, and identification of knowledge between the various company network’s sections. Due to the skill shown by its management in handling diverse concerns, the company has been proficient in developing a clientele which in diverse establishments in such a short period, where other institutions take years to attain the same. The vision of DynaTech is to create an improved form ofexpertise for all its customers in the most and best secure way possible andso as to accomplish it. It has worked headed for the provision of a variety of serviceable and well-designed navigation systems. Additionally, it has guaranteed that the production cost is low to ascertain that the selling price of its commodities is low such that as most people as likely can be capable to buy them. The policy for human resource include provision of opportunities for down-to-earth people to grow in both professionally and individually so as to produce a better life each and every day not only for the workers but also its...
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