...Comparing Two Similar Businesses Terry Tillery BUS 302 Strayer University Professor David Fish CERTIFICATION OF AUTHORSHIP: I Terry N. Tillery certify that I am the author of this paper and that any assistance received in its presentation is acknowledged and disclosed in the paper (at the end). I have also cited any sources from which I used data, ideas, or words, either quoted directly or paraphrased. Correspondence concerning this paper should be addressed to Terry N. Tillery, Strayer University, South Charlotte campus, Charlotte, NC. After the Civil War, black Americans encountered a new world of opportunities. After years of enslavement, or at least the perpetual threat of enslavement if they had already freed, African Americans confronted a new question: what does it mean to be free? What does one do after the bonds of slavery have been broken (pg. 275). African Americans in the South demonstrated their freedom in numerous ways, large and small. Many bought dogs, some purchased firearms, and several held mass meetings without white supervision, all actions that were often denied them under slavery. While ex-slaves explored a life based on the free-labor vision, members of the defeated Confederacy sought to maintain as much of the old order as possible. To this end, they worked to prevent ex-slaves from acquiring economic autonomy or political rights. (pg. 276), this is how the diversity issues began between the North and the South, because the growing northern...
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...Comparing Two Similar Businesses Professor Kevin McKenzie BUS 302- Management Concepts April 29, 2012 Describe the history and core business of each company. Amazon is considered one of the biggest retail internet companies of today.It is a plain and simple site that attracts an online community. Amazon opened for business July 16, 1995 by a young man named Jeff Bezos. It started out as nothing more than a few people packing and shipping boxes of books from a two car garage in Bellevue, Washington. The books were ordered on line then packaged and mailed away. Today, Amazon is one of the largest retail online companies in the world. Amazon started out as a only having books on sale to being able to purchase items ranging from music CD’s, to clothing. The best thing about Amazon would be the price of the products/ items. Many of the items are sold cheaper on Amazon than in a local retail store. Amazon has grown to be the easiest way of shopping online. Amazon’s core business is definitely good as well as keeping their promises. It has grown from books to products in over 30 categories but the business model are intact. Amazon’s goal is to attract customers with a competitive, cheap retail service that would be hard for any other retail store can compete. Amazon also offers many discount prices, is easy to navigate through for shopping, and has a quick, easy way to checking out. Due to the great shipping charges, great turnaround for shipping merchandise...
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...Amazon and Borders book history and the core business of each company will be discussed with a look at the comparison of the companies view point on management approach to Internet marketing and sales. You will read reasons for Amazon’s success and Borders demise. The emphasis will be on each company’s adaptability to the markets changing conditions and recommendations a company should build in flexibility to back decisions to adapt to these market changes. Let us start with a timeline of Borders Books which was founded in 1971 by Tom and Louis Borders. Two brothers opened an 800-square-foot used bookstore and called it Borders Book Shop located at 211 S. South State St. in Ann Arbor Michigan. Borders had eight CEO’s over its 40 years. Starting in 1988 when Borders recruits Robert DiRomualdo to lead the company's expansion. DiRomualdo is later credited with leading the company's rise to national prominence in the 1990s. The highest point of Borders was in the 1990’s under DiRomualdo’s leadership as CEO, the company started integrating music and movies into some of its stores. In 1992 Borders chooses not to go public but rather to allow Kmart Corporation acquire them and in 1995 the book store chain, renamed Borders Group Inc., spins off from Kmart and goes public on the New York Stock Exchange. At the time, Borders' innovative inventory management system was considered "the envy of the industry". The 1990’s Borders adds 52 superstores in the biggest one-year expansion in its...
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...Comparing Two Similar Businesses: Amazon.com & Borders Books Strayer University Bus 302 – Management Concepts October 31, 2011 Envisioned by its company founder and CEO Jeff Bezos since 1994 as "Earth's most customer-centric company" Amazon.com today, with more than 17 million customers and over a billion and a half dollars in annual sales, stands as the world’s largest E-commerce E-tailer. Named after the Amazon River, one of the largest and most exotic rivers in the world, Amazon.com started as an online bookstore but quickly diversified its selling efforts to DVDs, CDs, MP3 downloads, computer software, video games, electronics, apparel, furniture, food, and toys with the aim, as implied by its logo “A to Z with a smile,” to attain customer satisfaction and carry every product from A to Z. Although it was a slow starter, not showing a profit for the first five years, and enduring the dot-com burst, Amazon.com persevered and now profitable it is recognized as having popularized online shopping (Schneider, 2011). Without any experience in the business of selling books, Jeff Bezos realized that the books had a great potential shipping profile for online sales. Always believing in the economic network effects, he decided to setup his company in Seattle, WA, very close to the largest book distribution warehouse and talented computer programmers in the U.S. According to a quote that Bezos said in an article publicized in U.S. News, “While we're crossing...
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...Latter the BRICs become BRICS with South Africa joining the group, together the five BRICS countries had represented approximately 3 billion people and a combined nominal GDP being US$ 14.8 trillion and US$ 4 trillion in combined foreign reserves (IMF 2013). However, within the five BRICS countries, China and India very similar and the only two Asian countries, they had many things in common – large size of country lands and large size of population as well, the relatively large gap between wealthy and poor households, together with the similar economic routes – both countries had their economies boosted in the 1970s and 1980s benefiting from the large sum of foreign direct investments (Halpin, 2012). Based on the above basic conditions, the consulting team hired by Australian Trade Commission (Austrade) would conduct a comparative analysis for the country attractiveness of China and India, standing in the position for the businesses in Australia who wished to expand their businesses to one or both of the countries, thereby to providing suggestions for these businesses. As for details, the report would compare the legal, social and economic conditions of the two countries, through which appropriate suggestions would be provided. 2. Countries of Competition In this report the economic, social and legal conditions would be discussed for the China and India from the perspectives of the Australian companies. Based on Halpin (2012) ever since the 1990s in the last...
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...Comparing SOHO Hardware Firewalls Routers As more and more individuals start their own small home businesses and technology is becoming a major part of these businesses, it is just as important that they are able to secure their network from attacks the same as enterprises-level businesses. According to Whitman & Mattord (2011), one of the most effective methods of improving computer security in the Small Office/Home Office (SOHO) setting is a SOHO firewall, which serves as stateful firewalls that enable inside-to-outside and can be configured to allow limited TCP/IP port forwarding and/or screened subnet capabilities (p. 256). This paper will compare the Watchguard Firebox SOHO 6 and the Sonic Wall, which are both VPN router that offers similar specifications. This paper will compare these SOHO firewall products that function as packet-filtering firewalls that offer combine features, and provides SOHO users the strong protection from the use of Network Address translation (NAT) services. Watchguard Firebox SOHO 6 verses SonicWall Watchguard Firebox SOHO 6 is a firewall and VPN router for small business and branch offices that allows the sharing of a single broadband connection, and it is supported by all the leading operating systems. This product includes licenses for 10 users, with an upgrade option for 25 to 50 users. Small office owner often have very little experience managing their office hardware. Therefore, the Watchguard Firebox SOHO 6 is a good chose...
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...Comparing Walmart and Target Capital Expenditures University Comparing Walmart and Target Capital Expenditures In every business there is always a need for capital expenditures. Capital Expenditures can be very beneficial and can also differentiate the numbers from rival companies. According to readings “capital expenses are extensive and mostly hold a company’s substantial amount of money. Companies invest in prime property, plant, machinery, buildings and other forms of fixed assets, which also act as securities for the company. I chose to look up the Capital Expenditures of two companies that are known in many households: Walmart and Target. The annual report of mutually businesses over the past three years will be examined. This paper will examine and compare the reports and the amount of capital spending over the past three years while defining how the amount of capital spending remains constant or if it’s altered. Capital expenditures can determine the major financial decisions that a company must make in order to acquire a sound investment. This paper will attempt to expand on the clarification of capital expenditure and the impact it can have on the organization’s debt capacities and capital structures. As stated by Byrd and associates in the text, there should be a comparison of the level of capital spending across the two firms. The paper will further point out how the spending was similar and/or different and speculate why the similarities or differences might...
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...Running head: FINANCIAL MANAGEMENT Financial Management: Comparing Google’s Business Model/ Financial Management with Microsoft By: Zanthe Gillison Strayer University Financial Management: Comparing Google’s Business Model/ Financial Management with Bing Google is doing bigger and better things in the world of internet media searching. Despite the challenges with other big names in Internet technology, Google and Microsoft have still remained to be leaders. In this paper, I will show comparison views of Google’s business model and financial management with Microsoft’s launch with Bing. Taking a look into Google and Microsoft core business, leading products and services, management and leadership styles, and innovation track record we will have the opportunity to compare the two businesses in and appendix. Google is known to be the leading internet media website’s in the world. Google and Microsoft are well-known internet information websites. Although, Microsoft is in business for more than searching the internet, Microsoft is known to be the world’s leading producer and marketer of computer software. Google’s product line and services are for Google products only. Google’s products include services that will enhance your desktop features such as Google Chrome and Google desktop which is an organizational tool that gives the customer the option to design and edit photos, organize personal and business information, search, and communicate with...
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...net operating income after tax (but before other income or expenses like interest expense) by total assets. Return on assets can be compared to other returns with similar or different risk profiles. For instance, if your business is only returning 4% annually (after tax) compared to, say, a 6% yield on a junk municipal bond, one could conclude that the business is under-performing for the risk taken by having all assets tied up in an non-liquid privately held business – its own. If few would accept such a low rate of return in general, particularly considering the risk of investing in a privately held business, why would someone do it in their own business? It all comes down to leverage and how it’s used. Leverage is the use of debt to, hopefully, increase returns. Most people learn the basic art of leveraging when they purchase their first home. Let’s say you put 20% down (equity), financed the remaining 80% with a mortgage, and the house is appreciating at 5% annually (generous if not totally unrealistic). Using these figures, the appreciation on the equity, your down payment, would be 25% due to the leverage. A novice investor would feel like a real genius but we’re not looking at the right number. A common mistake is to discuss return on assets and return on equity without making a distinction between the two. In the example above, the return on equity is 25% but the return on assets is simply the appreciation on the house, or asset, which is 5%. Return on assets eliminates...
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...Comparing IFRS to GAAP Michaela Lyons ACC/290 03/28/2016 Sharon Powers Comparing IFRS to GAAP This collaborative team experience has been quite motivating and has really pushed me to research the information extensively to ensure my personal understanding. My team didn’t exactly connect easily and it really pushed me to develop my understanding on my own. Although that isn’t the ideal outcome in a team setting, however in my opinion it actually helped me push further. GAAP is the US Generally Accepted Accounting Principles, the accounting standard used in the United States, while IFRS the International Financial Reporting Standards is used in a vast amount of countries around the world (Tilea, D. M., Bleotu, V., & Serban, A. A. M. (2013)). The Contrast IFRS does not command an exact order or classification of accounts on the statement of financial position. In most cases, companies report assets in reverse order of liquidity. GAAP explicitly requires that all accounts be ordered based on their degree of liquidity. Consequently, cash is usually reported first and non-current assets will be reported last. GAAP and IFRS sustain comparable perspectives on the neutrality of monetary data. It’s contracted that economic reporting data should be pertinent and loyally signified. Material that is pertinent is anything that could be viewed as useful in the eyes of an investor, creditor, or regulator. Material that is loyally signified...
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...illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms. In summary, the purpose of budgeting is to: 1. 1. Provide a forecast of revenues and expenditures, that is, construct a model of how our business might perform financially if certain strategies, events and plans are carried out. Enable the actual financial operation of the business to be measured against the forecast. Organizations develop specific plans for saving and spending income and these plans, or budgets, are essential for developing spending and saving priorities. Properly preparing a budget also serves as a reference to check how well money is being managed during a period by allowing managers to see actual revenues and expenses compared to budgeted revenues and expenses. Corrective action can be taken earlier in a period when revenue shortfalls or expense excesses are identified. The term "budget" can be dated back to medieval England, where it meant "leather purse" or "wallet." A budget allows businesses to meet specific goals by creating a system of saving and spending money efficiently. Simply defined, a budget is a plan for using corporate funds in a way that best meets the firm's wants and needs. The plan includes a recorded entry of expected income, expenses, and savings over a defined period of time. A wide range of budgeting techniques exist, and although the fundamental purposes are similar, the specifics among...
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...faced with the pressure to discover fail proof ways to run their businesses. Techniques that do not turn out successful can harm the company and also result in losses in costs and time. A popular tool used today by many companies is benchmarking. It is a process that involves continuously comparing and measuring against other companies to gain information and learn from their experiences, processes and practices. It provides companies the opportunity to assess their own procedures and helps them to understand their industry better which leads to innovative thinking. It also helps them to identify what changes are essential to improve performance. Some benefits of benchmarking are a better understanding of customers and competitors, reduction in waste, quality problems and reworking, quicker awareness of important innovations, a stronger reputation within the market, and increased profits and sales turnover. Benchmarking is usually done with top performing companies in both the service and the business sectors. Many of these companies are Fortune 500 companies such as Ford, Nissan, or Motorola. However, others include smaller businesses that are only a fraction of the size. These firms looking to benchmark all recognize that success and advancement come from a clear understanding of how the business is doing, not just against last year’s performance, but against the best they can measure. There are two parties in the benchmarking process. The initiator is the firm...
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...Management. Introduction Two of the largest and most profitable corporations in the United States are the Atlanta, Georgia based Coca-Cola Company and the New York based Pepsi Cola Company. While both are called "colas" they both attempt to address the same target tastes but from different approaches. Coke was the first on market with what is still a "secret" formula and Pepsi followed with a similar (not exact) taste. Since taste is very much a factor of your personal likes, either or neither may appeal to you or seem sweeter (Inforefuge.com. 2011). This paper will discuss the similarities and differences in the processes used by Coca-Cola and PepsiCo for place, price, and promotion. Place and Price The marketing exposure of PepsiCo and Coca-Cola is everywhere ranging from commercials, billboards, and mail advertisements all over the world. Although they target the same markets, they both use different approaches to their marketing strategies. This is evident when comparing the two companies’ websites. When browsing the Coca-Cola website you will experience a more conservative style; there is not a variety of colors besides the traditional “Coca-Cola red” in which, most their products are packaged and advertised. It is the complete opposite for PepsiCo, as their website flashes promotions for free music downloads and reminds browsers that they are the official drink sponsor of the NFL. After browsing the websites and comparing the two, you will come to understand that...
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...owner (HBB), however, remains understudied. There has been more research on women working from home during the past decade (Heck et al., 1992; Waldrop, 1994; Jurik, 1998; Prestniz, 1989), but the bulk of the work in this area has been on homebased employment (Powers, 1995; Dannhauser, 1999; Edwards and Field-Hendrey, 1996; Ahrentzen, 1990; Bailyn, 1989), rather than HBB ownership. Though the work in these areas is a much-needed complement to studies of men small business owners, to our knowledge no study has yet to compare the woman home-based owner to her obvious counterpart, the woman who locates her business outside of the home. We seek to answer a number of questions about women who own and operate businesses from their home by comparing them to women owners whose businesses are run elsewhere. We are motivated by recent statistics showing that the HBB sector in the US is substantial in size and sales. In 1997, HBB represented 52 percent of all firms filing a tax form and produced 10 percent of the receipts of the economy, approximately $325 billion. There are an estimated 11 million of these firms today, up from about 9.2 million in 1997 (Phillips, 2002). In 1996, more than 55,000 HBBs had sales of more than $1 million and employed more than 3.5 million people (Phillips, 2002). The number of HBBs owned by women in the US...
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...Financial Management Enid K Bukambu Dr. Figiel Contemporary Business 03/11/2012 Businesses have many areas to manage to keep things working smoothly. Finance is just one of these areas. Because finances impact virtually everything else the company does, it's probably the most important thing a manager must address. This paper discusses two companies, Google and Microsoft and their financial performance and how recession has affected them. Google is one of the leaders in internet information searching and the main services the company provides are search advertising, display advertising, mobile advertising and providing tools for publishers. Not only are these programs the backbone of the company but they’ve also enabled entrepreneurs and publishers around the world to grow their businesses and become successful. Google succeeds when the tools that it has built are useful to the users, their advertisers and other partners. And of course, the root of their business is to provide useful and relevant information to the millions of people around the world who rely on Google search to provide the answers they are seeking (Business overview, 2011). The company’s free easy-to-use tools help local business owners manage their presence on the web and grow their services. Any business can use Google’s online local database called Google Places to add a new listing or edit an existing one (Business overview, 2011) . One of Google’s leadership styles is to let your followers...
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