...Ben & Jerry’s Homemade Ice Cream Inc: Keeping the Mission(s) Alive A Written Case Analysis by Mr. Aristotle Metin CASE BACKGROUND The U.S. Ice Cream Industry The total retail value of ice cream and related products in the United States was about $9.8 billion in 1990. The superpremium ice cream market held about 9.5% of the ice cream industry in the US. By 1990, Ben & Jerry’s was a strong # 2 in the superpremium ice cream market and the fifth largest ice cream maker of any type in the United States. Ben & Jerry’s Home-made Ice Cream Inc. Incorporated in 1977 by Ben Cohen and Jerry Greenfield, the first Ben & Jerry’s Home- made Ice Cream shop was opened in Burlington with an investment of $12,000. The company was known for “standing for something better than a typical corporation”. Its business mission was primarily to “become a growing force for social change.” Since its inception, the ice cream company was now gearing for further business growth. It had grown tremendously (9000%) from 1981 to 1997; with a yearly average growth in net income of not less than 12%. Stockholders equity had an average 3-year growth of 20% from 1986 to 1989. In 1990, Ben & Jerry’s Ice Cream was a public traded company. The 5-to-1 Policy This compressed salary structure means the highest paid employee (including corporate officers) will be paid at the rate no more than five times what the lowest paid employee could earn for an equivalent work week. It was applicable...
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...A(1). A principal is a “party who employs another person to act on his or her behalf” (459). Thus, the principal is Fab Flowers. An agent is a “party who agrees to act on behalf of another” (p. 459). Thus, the agent is Ben. These two parties together make an agency. In this case Fab lowers and Ben have formed an express agency. This occurred when Fab Flowers agreed with Ben, whether oral or written, that Ben would represent Fab Flowers to purchase wholesale flowers in Ecuador for Fab Flowers to resale. A(2). As the principal, Fab Flowers, owes Ben a duty to compensate, a duty to reimburse, a duty to indemnify, and a duty to cooperate. What this means is Fab Flowers must pay Ben compensation either upon completion of purchasing the flowers and giving the flowers to Fab Flowers for resale, or at a mutually agreed time. Fab Flowers is also responsible for reimbursing Ben on any money he spent on their behalf, unless otherwise agreed, and also owes Ben for any losses suffered because of Fab Flowers. As well as compensation, reimbursement, and indemnification, Fab Flowers has a duty to cooperate with Ben and assist Ben to accomplish the expressed agency. Fab Flowers is liable for their own tortuous conduct along with the “tortuous conduct of an agent who is acting within the scope of his or her authority” (p. 474). The courts answer 5 questions to decide if the agent acted within his or her authority resulting in the principal being held liable. Below are the...
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...GriffCh15v3.qxd 10/27/06 08:12 PM Page 439 CHAPTER 15 • LEADERSHIP AND EMPLOYEE BEHAVIOR IN INTERNATIONAL BUSINESS 439 Part 3 Closing Cases Ben & Jerry’s—Japan On an autumn evening in Tokyo in 1997, Perry Odak, Angelo Pezzani, Bruce Bowman, and Riv Hight gratefully accepted the hot steaming oshibori towels their kimonobedecked waitress quietly offered. It had been just over nine months since Odak had committed to resolving the conundrum of whether to introduce Ben & Jerry’s ice cream to the Japanese market and, if so, how. The next morning would be their last chance to hammer out the details for a market entry through 7-Eleven’s 7,000 stores in Japan or to give the goahead to Ken Yamada, a prospective licensee who would manage the Japanese market for Ben & Jerry’s. Any delay in reaching a decision would mean missing the summer 1998 ice cream season, but with Japan’s economy continuing to contract, perhaps passing on the Japanese market would not be a bad idea. Perry Odak was just entering his eleventh month as CEO of the famous ice cream company named for its offbeat founders. He knew the 7-Eleven deal could represent a sudden boost in the company’s flagging sales of the past several years. He also knew that a company with the tremendous brand recognition Ben & Jerry’s enjoyed needed to approach new market opportunities from a strategic, not an opportunistic, perspective. imported ice cream, and expectations of falling tariffs on dairy products suggested new opportunities...
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...Contents TASK 1:- 2 There are two types of contracts namely- 2 There are five implied terms under the sales of goods act 1979, they are 2 Task 2: 5 EX: 5 RIGHTS OF AGENT or DUTIES OF A PRINCIPAL :- 5 DUTIES OF AN AGENT :- 6 Advising Rosy whether she will be bound by the contract with Yasmine: 7 References:- 8 TASK 1:- A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price. There may be a contract of sale between one part-owner and another. There are two types of contracts namely- * Express contracts- In an express contract, the parties state the terms, either orally or in writing, at the time of its formation. There is a definite written or oral offer that is accepted by the offeree (i.e., the person to whom the offer is made) in a manner that explicitly demonstrates consent to its terms. * Implied contracts- Although contracts that are implied in fact and contracts implied in law are both called implied contracts, a true implied contract consists of obligations arising from a mutual agreement and intent to promise, which have not been expressed in words. It is misleading to label as an implied contract one that is implied in law because a contract implied in law lacks the requisites of a true contract. The term quasi-contract is a more accurate designation of contracts implied in law. Implied contracts are as binding as express contracts. An implied contract...
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...CHAPTER 1 An Overview of Financial Management SOURCE: Courtesy BEN & JERRY’S HOMEMADE, INC. www.benjerry.com STRIKING THE RIGHT BALANCE $ BEN & JERRY'S F or many companies, the decision would have been an easy “yes.” However, Ben & Jerry’s Homemade Inc. has always taken pride in doing things make money. For example, in a recent article in Fortune magazine, Alex Taylor III commented that, “Operating a business is tough enough. Once you add social goals to the demands of serving customers, making a profit, and returning value to shareholders, you tie yourself up in knots.” Ben & Jerry’s financial performance has had its ups and downs. While the company’s stock grew by leaps and bounds through the early 1990s, problems began to arise in 1993. These problems included increased competition in the premium ice cream market, along with a leveling off of sales in that market, plus their own inefficiencies and sloppy, haphazard product development strategy. The company lost money for the first time in 1994, and as a result, Ben Cohen stepped down as CEO. Bob Holland, a former consultant for McKinsey & Co. with a reputation as a turnaround specialist, was tapped as Cohen’s replacement. The company’s stock price rebounded in 1995, as the market responded positively to the steps made by Holland to right the company. The stock price, however, floundered toward the end of 1996, following Holland’s resignation. Over the last few years, Ben & Jerry’s has had a new resurgence...
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...E. What are the criteria in considering the reasonableness of Attorney’s Fee? Sec. 24. Compensation of attorneys; agreement as to fees. - An attorney shall be entitled to have and recover from his client no more than a reasonable compensation for his services, with a view to the importance of the subject matter of the controversy, the extent of the services rendered, and the professional standing of the attorney. No court shall be bound by the opinion of attorneys as expert witnesses as to the proper compensation, but may disregard such testimony and base its conclusion on its own professional knowledge. A written contract for services shall control the amount to be paid therefor unless found by the court to be unconscionable or unreasonable. F. Discuss the Moral and Legail Issues Involved CANON 15 - A LAWYER SHALL OBSERVE CANDOR, FAIRNESS AND LOYALTY IN ALL HIS DEALINGS AND TRANSACTIONS WITH HIS CLIENTS. Rule 15.05. - A lawyer when advising his client, shall give a candid and honest opinion on the merits and probable results of the client's case, neither overstating nor understating the prospects of the case. Rule 15.07. - A lawyer shall impress upon his client compliance with the laws and the principles of fairness. CANON 17 - A LAWYER OWES FIDELITY TO THE CAUSE OF HIS CLIENT AND HE SHALL BE MINDFUL OF THE TRUST AND CONFIDENCE REPOSED IN HIM. F.1. Moral Issue. The moral issue in the case is that Evie accepts the case even she knows that there is a little chance of...
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...a) Issues: Is there capacity to contract on the part of Ben who is a minor? Whether Ben keep or return the items purchased to Wawasan Sports Shop? b) Law: Based on “Principles of the law of contract in Malaysia( 3rd ed)” written by Alsagoff, S.A. (2010), S.2 stated in the Age of Majority Act 1971 in Malaysia provide that the age of majority to enter to a contract is 18 years old, while the minor who is below 18 years old is incompetent to contract. All agreements are contracts if those agreements made in the condition of free consent by parties are competent to contract as stated in Contract Act 1950, S.10(1). Besides, the people who are competent to contract must be above 18 years old which mean age of majority, must be sound minded and must be not disqualified as stated in S.11 of Contract Act 1950. If the person is capable of understanding a contract and forming a rational judgment, the person is said to be sound mind as stated in S. 12. For example, a person who is mentally disable, drunk, suffering of sick and so on is unsound minded. According to "Principles of Business and Corporate law, Malaysia" written by Krishnan, L., Rajoo, P., & Vergis, A.C., (2009), S.37 and S.40 of the Specific Relief Act 1950, the court has discretion to order compensation to the other which justice may require. In the case Tan Hee Juan v The Boon Keat (1934), an infant who was executed transfers of land which it were witnessed and registered. The court held the transfer of an...
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...englishforeveryone.org Name________________ Date________________ “Europe” Reading Comprehension – Informational Passages Directions: Read the passage. Then answer questions about the passage below. Europe is the second smallest continent, after Australia. Surprisingly, there are 44 countries in Europe. Over 700 million people live in Europe. European ideas are everywhere in the world. You can see examples of European culture, language, and buildings all around the world. In sports, European soccer is very popular. Soccer teams from Europe have gone to the World Cup finals every year except 1930 and 1950. Many people say that the British, Italian, and Spanish soccer leagues are the world’s best. Cycling is also very popular in Europe – especially in France. The Tour de France is the biggest bicycle race in the world. In 1903, when the race first began, racers had to ride along the entire border of France. That’s a long distance! In industry, Germany makes the most cars in Europe. In fact, if you visit Germany, you can go on a tour of the BMW factory. You can also go on a tour of the Porsche factory in Stuttgart, Germany. England is famous for china and pottery. Of course, the Champagne region in France is famous for its wine. Only a certain famous, bubbly wine from this area can be called by the name “champagne.” Flower farming is an important industry in Holland. Holland is famous for its tulips. Europe is also famous for its food. The oldest cookbook in Europe was called...
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...HEAD OFFICE Level 5 & 6, AB Tower, 76 Le Lai St., Ben Thanh Ward, District 1, HCMC, Vietnam T: (+84 8) 3823 3299 THE BEST BROKERAGE FIRM AND BEST EQUITY RESEARCH TEAM IN VIETNAM Awarded by Finance Asia, Asiamoney, Institutional Investor and Thomson Reuters F: (+84 8) 3823 3301 W: www.hsc.com.vn E: info@hsc.com.vn RECRUITMENT NOTICE Company Overview Ho Chi Minh City Securities Corporation is a leading investment and financial services provider in Vietnam, servicing a comprehensive client base in one of Southeast Asia's fastest-growing economies and capital markets. Our clients comprise corporations, institutional investors, investment funds, government-owned companies, and individuals across different sectors, market segments and geographical locations. Our clients can consistently rely on our strengths in providing a vast array of integrated services which meet their financial and investment needs. To serve the company’s growth, we are looking for outstanding candidates for the following position at the Ho Chi Minh City Headquarters. Position: Junior Trader Key Responsibilities • • • Will start as an execution trading position Work with the senior traders to increase your understanding of the Vietnam stock Market Be given the responsibility to take positions on their own, managing their own risk Strategies for HSC. Job Requirements • • University graduate in Business, Finance or related disciplines 0-2 years (maximum) experience trading in stock markets...
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...to vote on three issues: 1. approval of financial plan for 1993, 2. quarterly dividend declaration, 3. incentive compensation plan. 1. What accounts for Deutsche’s rapid growth in recent years? What policy choices account for this success? 2. What is Deutsche’s credit policy toward its distributors in Ukraine? Why is it different from the policy toward its other distributors? Is the company’s credit policy appropriate? Is it profitable? If not, how to change it? 3. Why does this firm need increasing amounts of bank debt? 4. As a member of BoD, how would you vote on: o The proposed raise for Oleg Pinchuk o The quarterly dividend declaration of €698,000. o Adoption of the financial plan for 2001? Spreadsheet file: Available Donaldson, Lufkin & Jenrette 1995 (Abridged) 1. Why is Equitable considering selling an interest in DLJ? 2. What are the relative advantages and disadvantages of carve-outs, spin-offs and divestiture through cash sale? 3. What is your estimate of DLJ's fair value per share? In answering this question, please draw upon as many valuation approaches as you can. Give special attention to the valuation multiples of DLJ’s peers. Who are these peers? Why do they qualify as peers? 4. At what price should DLJ be offered? Think carefully about your answer here. The offering price need not be identical to your answer to question 3. If answers to 3 and 4 differ, please prepare to explain why. Paginas Amarelas 1. What is the valuation...
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...Corporate governance Estachy Simon Case Study : Enron Summary : I- Presentation and chronology II- The financial arrangement III- How the governance can explain it ? IV- Questioning the corporate governance model V- Conclusion I- Presentation and chronology: Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Enron employed approximately 20,000 staff and was one of the world's major electricity, natural gas, communications, and pulp and papercompanies, It was created in 1985, by the merger of the Houston Natural Gas company with InterNorth. This merger was management’s first attempt to develop a national pipeline system for natural gas. The following year, the former CEO of Houston Natural Gas, Kenneth Lay, became the chairman and CEO of Enron. At the beginning, its business model was very classic: production and transportation of gas, and distribution essentially on whosales markets. Quickly it became the major energy and petrochemical commodities trader in US. Throughout the late 1990s, Enron was almost universally considered one of the country's most innovative companies. The magazine Fortune named Enron "America's Most Innovative Company" for six consecutive years, from 1996 to 2000. In 1996, Jeffrey Skilling, old consultant of McKinsey, became the president and Chief Operating Officer of Enron, seven years after his enter his entry in the company. Enron has $40 billions in 1999, and $100 billions in 2000...
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...For the exclusive use of B. Bai, 2015. 9-914-509 JANUARY 6, 2014 ROBERT J. DOLAN BENSON P. SHAPIRO ALISA ZALOSH StepSmart Fitness Introduction Ben Cooper opened his laptop and settled in for a weekend of work. It was Friday, September 7, 2012, ten weeks since he’d been unexpectedly promoted to district sales director for the New England region of StepSmart Fitness. On Monday, Cooper was to attend his first quarterly sales meeting with Caitlin Sheridan, the company’s newly appointed regional vice president of sales for the Northeast, and provide a detailed update on his ailing district. Cooper recalled his last conversation with Sheridan from ten days earlier: Ben, I know you’ve had a lot thrown at you these last few months as a result of the reorganization, with no help or information from your predecessor. I’m in the same boat here at the regional level. There’s been a lot of upheaval across the company since Mark Wallace became our CEO six months ago. Wallace hopes that we can improve our sales efforts in faltering districts and regions with high-performing talent like you in place; he is confident that sales revenue, morale, and productivity will soon improve. I was impressed by your success as a salesperson in New York, and enjoyed collaborating with you on the treadmill product last year. Despite your lack of managerial experience, I wanted you on my team because I felt you’d be able to quickly assess what’s wrong with the New England district...
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...for answers, and a place to rest blame. At Bear Stearns, a venerable financial firm which was brought down by mistakes made by decisions made by management, there is much blame to be shared. This paper seeks to explore the corporate governance decisions which created this crisis, and which ultimately led to the almost complete destruction of shareholder value for Bear Stearns’ investors. In good times, the shareholders at Bear Stearns were handsomely rewarded by the very decisions which would ultimately end the company’s storied 85 year history and send the global economy into the deepest and most painful recession since the great depression. The firm’s stock traded at $160 a share and several key executives held stock valued at almost $1 billion dollars, but it is clear that hubris, greed, and incredible egos and personality conflicts were the cause of the firm’s demise. In May of 2008, The Wall Street journal published a three part series written by Kate Kelly on the last days of Bear Stearns. Kelly’s articles consider all the factors which brought about the company’s demise, and provide insight into the corporate governance issues which helped seal Bear Sterns fate. The first of the three articles, “Lost Opportunities Haunt Final Days at Bear Stearns” explores the tumultuous last days of the firm. The chain of events was set in motion by the collapse of two hedge funds entirely based upon mortgage backed securities, or MBS. After these two funds collapsed, an emergency...
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... Roll No 2,12,22,32. “Our employees, who call themselves Googlers, are everything. We hope to recruit many more in the future. We will reward and treat them well.” Larry Page and Sergey Brin, Founders of Google 1. Introduction Managing human resources effectively has become vital to organizations within the modern and fastpaced business environment (Caldwell, Chatman, & O'Reilly,1990). Human Resources specialists are more important in business strategies today where market is dynamic and changeable. 2.1. Objectives of the study To analyze HRM technique and methods To analyze how employees help a company in differentiating itself from its competitors To analyze how companies attract the best-knowledge workers and retain employees in a competitive environment To analyze the innovative HR practices and the 'Best Place to Work For' culture at Google To analyze the future implications of Google‟s HR practices in the long run 2. Google.com 3.2. Background of the Company Source: http://www.google.com/ Source: http://www.google.com/ Google (illustrations of the company web site presented in Appendix 1 ) is a company that was conceptualized in a dorm room by two Stanford University college students, 24-year-old Larry Page (Larry) and 23 year old Sergey Brin (Brin), in 1996 (Iyer &Davenport, 2008) and has morphed into one of the greatest technological...
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...the four scenarios are different, but each scenario has a plaintiff who thinks he or she has grounds for bringing a lawsuit against a defendant. Each scenario identifies and discusses the plaintiffs and defendants, the key elements of the scenario, the possible defenses, and opinions on the outcome of the suits filed. Scenario 1 Tom Hanks the defendant invited Ben Button, the plaintiff, to play volleyball at his home one evening in 2004. Ben decided to join the other volleyball players about 45 minutes after the others had started. Within 10 minutes of joining, Button fell and sustained injuries to his right elbow. When Hanks, called Button’s father to tell him he was hurt, he mentioned he fell over an invisible line, which was later discovered to be a pinkish colored line for tying down the poles of the net. Looking at this case from Button’s side, one fact that supports his argument is the out-of- bounds line was in a dangerous place because of the proximity to the street. A second arguable fact is that a player has to run past the tie lines to retrieve an out-of-bound ball. Another fact is, according to Button’s father, Hanks’ admission that Ben tripped on the invisible string, which was the tie line even though the tie line was pinkish in color. These three facts support Button’s complaint of negligence and premises liability because Hanks set up a volleyball court in his front yard. From the defendant’s standpoint, the line described as pinkish was the same color and...
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