...FM in Turbulent Times Prof.dr. Jan Chr. van Dalen prof.dalen@gmail.com What is FM • Classic view: FM is focussed on real estate (buildings + environment) and related issues (e.g. cleaning, catering); • Resource view: FM is focussed on resource processes (e.g. human resources, material resources, customer resources, financial resources); FM dealing with resource markets; • Integrative view: FM is the multidiscipline based on the integration of 3 disciplinairy management fields: Resource Management, Service Management, Hospitality Management. FM resources • • • • • • • Human resources Material resources Information resources Financial resources Market resources Production & Logistics resources Development resources (Innovation) FM andHospitality Management • The art of welcoming • The conditioning of behaviour • The conditioning of navigation 3 Strategic FM Challenges • What is the dominant orientation of your organization: enabling or making (facilitating or producing)? • Did your FM make the step from supporting to enabling (from reactive to pro-active)? • Did you make the next step in positioning FM: from facility management to enabling leadership (from marching along the choosen road to marking the shining path) The strategic choices • Facility or make • Example Health care • Take hospitals: – Healing patients – Or – Enabling medical professionals to execute medical interventions Context: what is the world around FM Social Economic: a New Economy...
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...Hello Instructor Strandine and Class, I do apologize for posting so late, I have been very sick, but doing better. What kinds of risks does a firm like Amazon.com face with respect to safeguarding its assets? Amazon faces numerous risks in regards to safeguarding their assets. Some of these risks included are competition, loss of data and/or vendors, lack of redundancy and system interruption, inventory risk, government laws and regulations, and government contracts and related procurement regulations. (Amazon, 2015). What types of controls do you think it already has in place to minimize these risks? The controls I believe Amazon already has in place are fulling consumer demands, keeping up with the latest technologies (as to keep up with the competition) and following all government laws and regulations. Are any specific controls mentioned in the annual report? Stated in Amazon’s annual report was that their cash equivalent and marketable fixed income securities are considered “available to sell” which means that Amazon can transform their assets into cash immediately to maintain their company. (Amazon, 2015). What depreciation method does Amazon use for property and equipment? Amazon uses the Straight-line Depreciation Method. (Amazon, 2015). What is the range of useful lives for buildings and for fixtures and equipment? “Over the estimated useful lives of the assets (generally the lesser of 40 years or the remaining life of the underlying...
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...A letter from prison Introduction Richard is the executive of Computer Associates. His company sells software products which usually have licence last for a period of three to ten years. The company has a “sales-driven-culture” which is “the more you sell, the more commissions you will get”. Richard is responsible for keep an eye on things like when the contracts are signed and when those payments are assured. It seems that he failed on his job because he was put in jail on April 24, 2006. The accountant department had recorded the sales in the current quarter while these sales should be recorded in the next quarter, which took place at the fourth quarter of 1998 and the second quarter of 2001. According the evidence and the proclamation of prosecutors, the action account department has taken was not following the GAAP. However, to the word of Richard himself, this way of accounting was not a really big deal like the WorldCom bankrupt or Enron bankrupt. And he is also very confident to continue developing his career in the future after he is released from the jail. 1. Sumarize the lessons learned by you from reading this article. The way that Computer Association records its sales has pointed out several accounting principles and concepts. According to the article, the account department recognized revenue while the contract was signed. It follows the accrual concept that revenue is recognized not only when cash transactions occur. Since the contracts were signed,...
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...imperative to understand the characteristics of the market structures and the influence of the market liquidity, competition and competence on financial managers. The market structure has a great influence on financial mangers. Financial managers are faced with many issues due to the market structure however; the ones that will be discussed in this paper are the communication issues and the economy. “Markets are essential to any economic system, and evidence of markets is found in even ancient societies. Markets come in a variety of shapes and sizes.” (Byrd, Hickman, & McPherson, 2013). The structure of the market is important to comprehend how the economy is operated as well as how services are exchanged. Monopolistic Structure is the most common form of a market structure. Monopolistic market has many vendors with prices in the product vary however are very similar to each other. The cost of advertising will vary and the cost in order to enter into the market is substantially low. Bigger corporations identify with oligopoly. There are little amounts of sellers that have different products. Businesses are highly competitive when entering into the market, in addition to the competition, there is a cost when entering in a market. The sellers control the vast majority of prices, which is based on the competition. It is imperative that one understands the various market structures in order to have a clear understanding of how the market influences prices and financial managers. The...
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...goods in a foreign market than one charges for the same good in a domestic market for consumption in the home market of the exporter. This is often referred to as selling at less than "normal value" on the same level of trade in the ordinary course of trade. Under the World Trade Organization (WTO) Agreement, dumping is condemned (but is not prohibited) if it causes or threatens to cause material injury to a domestic industry in the importing country.[1] The term has a negative connotation, as advocates of competitive markets see "dumping" as a form of protectionism. Furthermore, advocates for workers and laborers believe that safeguarding businesses against predatory practices, such as dumping, help alleviate some of the harsher consequences of such practices between economies at different stages of development (see protectionism). The Bolkestein directive, for example, was accused in Europe of being a form of "social dumping," as it favored competition between workers, as exemplified by the Polish Plumber stereotype. While there are few examples of a national scale dumping that succeeded in producing a national-level monopoly, there are several examples of local 'dumping' that produced a monopoly in regional markets for certain industries. Ron Chernow points to the example of regional oil monopolies in Titan : The Life of John D. Rockefeller, Sr. where Rockefeller receives a message from Colonel Thompson outlining an approved strategy where oil in one market, Cincinnati, would...
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...Analysis…………………………………………………………4 Data Analysis…………………………………………………………………………….4 Decision Analysis………………………………………………………………………..4 Design…………………………………………………………………………………….5 Importance of Safeguarding Information ………………………………………………………..6 Network Security………………………. ……………………………………………………….6 Advantages of Accounting Information Systems..……………………………………................7 Disadvantages of Accounting Information Systems……………………………………………..7 Conclusion………………………………………..………………………………………………8 References ……………………………………………………………………………………….9 Introduction The Accounting information systems network is an interactive human interface that enables organizations to make key business decisions. These decisions include strategies, goals and cost saving procedures. Companies must increasingly rely on evolving technology to help manage this data. Technology serves the Accounting information systems as a whole to help an organization and top management make informative decisions. The design of the technology in such a way that it accommodates each critical aspect of the organization - people, procedure and processes analysis, data analysis, decision analysis, and design - is paramount. This paper will look at accounting information system from a macro point of view and discuss the importance of safeguarding information (Carnal, 2007). Critical aspects of the Accounting Information System A basic Accounting information system has five parts that define it, including...
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...Assignment 2: Take –External and Internal Environments Rueben Owens Dr. Laura Pogue Course Title: Business 499 Spring 2014 May 4, 2014 Abstract: I chose to talk about the Ford Motor Company because of their great contribution to America, simply because of their profits and contribution. Ford was known as one of the largest companies’s ever and was part of the Mazda Motor Company as well. Here we will discuss Ford Company strengths and weaknesses and the General Environments of the Company. The threats will be addressed and the opportunities with the Company. Introduction: Ford Motor Company is the company of choice here, which was founded back in 1903 by Mr. Henry Ford. Mazda was a publically traded company, in which Ford had large shares in and later sold and now owns about 3% of Mazda today. Ford Motor Company was always known as an American based company whereas Mazda is also a American made car, but built in Foreign Countries, such as Japan, and as of 2011, the fifteenth largest company worldwide. Ford cars and the company have been very profitable and successful for many years and also the largest company in the world and have been listed in the top ten cars driven by consumers according to The Top Ten List. Lincoln was also a brand of Ford that sells luxury cars, but was founded by Henry M. Leland back in 1917 and has been a part of subsidiary since 1922. Ford however deals a lot with trucks and accessories and tractors and parts which makes them very useful...
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...to maximize their material well-being. Capitalism believes in competition within in the markets to endorse the public interest. In a capitalist system it encourages three major factors that effect the market and people. First, that it would lead to satisfaction of nations and individuals. Second, being in a competitive state it would force others to compete by drawing down prices and output would be at the highest due to the continuous competition. The most important factor in capitalism is that it creates innovations that are useful to society. Conservatives believe that buyers and sellers will react positive to innovations that benefit the society, while those that fall behind will be knocked out of competition. In order for this to work conservatives believe there has to be minimum interference with the market, also know as laissez-faire. No interference means no big government, no powerful unions, and no conspiring in trade. Conservative model isn’t a society without government, but a model that protects unnatural interference in the marketplace. To protect unnatural intrusion within business, the state should take such actions as deregulating industries, privatization of state-owned enterprises, and lower tax burdens. There should be minimal government to maintain law, assure national defense, protect property, coin money, and enforce contracts. There is no need for government hand in markets because the markets are self regulating due to the “invisible hand”. Austrian Friedrich...
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...Running head: COUNTRY RISK AND STRATEGIC PLANNING ANALYSIS PAPER Country Risk and Strategic Planning Analysis Pa University of Phoenix Global Business Strategies MGT/445 January 11. 2009 Country Risk and Strategic Planning Analysis Paper The following paper analyzes the risks associated with starting a global business venture in the Philippines. The business is the manufacture and sale of FOY, an anti-aging supplement that will revolutionize the health and beauty industry. A strategic planning outline will be included to manage risks, clarify the organization’s objectives, and implement the successful introduction of this product to the global market. The Philippines have laws that require all foreign organizations to open an office in a domestic subsidiary, in a foreign representative office, or in a foreign branch office. A business license from the Philippines, registration of the business, who is part of different government agencies, and certification of incorporation, are also requirements for starting a business in the Philippines (Culangen, 2009). Projects and businesses in the Philippines are at risk of closure due to the high percentage of corruption, this, in turn, forces political parties to reduce the improvement and growth of infrastructures. The political issue of corruption has prevented the Philippines from gaining investors from other countries (Political and Risk Consultancy LTD., 2008). The low rate analysis of the islands...
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...Industrial regulation is governmental oversight, guidelines, and enforcement designed to ensure protection of consumer pricing, approve mergers and acquisitions, and regulate market share activities related to a specific industry in order to promote competition and achieve allocative efficiency (McConnell, Brue & Flynn, 2011). Industrial regulation provides protection to the consumer by preventing the development of monopolized industries that allow for no consumer choice. The three main regulatory commissions of industrial regulation in the United States are: 1) Federal Trade Commission; 2) Federal Communication Commission; and the 3) Federal Energy Regulatory Commission. Federal Trade Commission. The Federal Trade Commission (FTC) investigates consumer complaints and concerns regarding unfair competition, fraud, and misleading practices in the marketplace. Federal Communication Commission. The Federal Communication Commission (FCC) is an independent agency of the United States governed by five presidentially-appointed commissioners. The commissioners serve a maximum term length of five years and no more than three commissioners can be affiliated with the same political party. The FCC is responsible for regulating communications in or initiating from the US. Communication channels that the FCC has jurisdiction over include television and radio airwaves, satellite and cable transmissions, and telegraph communications. The FCC was formed by Congress with the Communications...
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...Tesco Security is very important in Tesco, security is a guard on Tesco from threats that they may face. There are many kinds of security Tesco should look into safeguarding for example security for payment. This is because in business customers will clearly be buying from Tesco, therefore they have to input their details and purchase online. Tesco should upsurge their security by inputting high security events such as firewalls that are anti hacking and a safe record that reductions the fears of hackers. So this will consequence in clients being pleased with Tesco and will create clients to feel protected and harmless as well as gaining trust in them in providing their information to them online. A work-related permitting online business is a big risk to take as this means that Tesco will have to plan and develop a commercial strategy to cut risks. Tesco could put in place, passwords and long codes to make security difficult for any threats such as hackers to hack. Competition (dynamic pricing) Competition is mainly about clienteles having faith in the commercial and the company’s capability to compete with key competitors. Competition means to offer the best for clienteles so that their clienteles will rise and existing clienteles to return. To effectively compete means that Tesco will advance increase in, for example more faith and memorability from clientele’s aspects, so this has to be vital as Tesco’s status is the importance of the business. Tesco needs to set a right...
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...NAME: EZIMAH CHIDINMA MATRIC NO: 10/SMS01/020 QUESTION: DISCUSS OPEC AS A COLLUSION MARKET STRUCTURE OPEC AS A COLLUSION MARKET STRUCTRE Collusion is a characteristic trait of oligopolistic industries. Intense competition and interdependent decision making encourages oligopolistic firms to cooperate. One way to lessen the competition among an oligopolistic rival is to join forces through collusion. In general, collusion among oligopolistic firms means that two or more firms decide to act like a monopoly rather than maximizing profit for each individual firm, the firms maximize total industry profit just as if a monopoly controlled the industry. Collusion can take one of two forms: explicit collusion and implicit collusion. * Explicit collusion: it is also called overt collusion. This occurs when two or more firms in the same industry formally agree to control the market. Admittedly, because collusion in the United States and most industrialized countries is illegal, such a formal agreement is likely to be highly secret and unlikely to be documented in any way. It might involve nothing more than a casual lunch among company presidents or company decision makers skulking around back alleys in the dead of the night discussing price changes. * Implicit collusion: also termed tacit collusion. This occurs when two or more firms in the same industry informally agree to control the market, often through nothing more than interdependent actions. A prime example of implicit collusion...
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...Marketing & its Evolution over the years Marketing is not the art of finding clever ways to dispose of what you make. Marketing is the art of creating genuine customer value. It is the art of helping your customer become better off. The marketer’s watchwords are quality, service, and value – Dr. Philip Kotler. (Kotler, 2012) Marketing is the science of choosing target markets through market analysis and market segmentation, as well as understanding consumer buying behavior and providing superior customer value. (Wikepedia, 2012) With the growing consumer demands & their technologies growing at such a large pace, the traditional marketing methods have seen a complete turn-around. Until very recently, marketers focused on outbound marketing techniques, which communicated with the consumer with a “AT them” approach instead of “WITH” them approach. But, with the onset of dotcom industry and over-the-night changing competitions, the marketers had to change their game plan. Ever since, people had something to sell, We’ve been marketing. During the period from 1450-1900s, Printed advertising remained to be a powerful marketing tool. This came with the magazines, billboards, pamphlets & posters being used for mass marketing of consumer commodities, movies & even freedom-fight related campaigns. The main idea was to target consumers on the basis of what they see & perceive. Printed advertising is used till date as a major tool for marketing. From early 1900s...
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...control measures to help safeguard fair business practices. With anti-trust laws in place we are then warranted a since of security from unfair and anti-competitive business practices, unreasonable trade, and price discrimination. As though anything new that is introduced, laws and or regulations when newly introduced can become the product of skepticism. Typically the judgmental ears question the new laws purpose and what influence it will have, even though these new laws may be intended to foster fair and or competitive business practices. Although most of us do not recognize their value, anti-trust laws affect our daily lives in a multiplicity of ways. In 1890 Congress ordained the Sherman Antitrust Act, a law designed to restore competition and free enterprise by breaking up monopolies. This Act July 2. 1890 states the following: “This Act outlaws all contracts, combinations, and conspiracies that unreasonably restrain interstate and foreign trade. This includes agreements among competitors to fix prices, rig bids, and allocate customers, which are punishable as criminal felonies.” The novel purpose for Sherman’s Act was to protect consumers from big business that was exercising immoral means to raise the prices of their product falsely, for example producing too few goods to help meet the consumers needs thereby driving up the products value and price. The government has throughout the years introduced new laws to help protect both the trade industry and consumers....
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...Activity 4.7 - Case Study 1. What are the business benefits to Amazon and eBay of opening up some of their databases to developers and entrepreneurs? Do you agree with this strategy? Why or why not? Essentially I can see why Amazon and eBay opened up their databases to the aspiring developers and entrepreneurs seeing as in business friendly competition is a very beneficial thing especially in the event that the competition fails in its endeavors. Not to mention some very bright aspiring developers can benefit from such actions and make open software that these companies can get and replicate on their own websites. However from a security stand point I see this as a gross violation of personal information and trends which are pulled from data mining and other activities not to mention the fact that crackers are skilled social engineers and have been trained to get information from people and opening up such a vast database could have serious consequences in the event that it ends up in the wrong hands. 2. What business factors are causing Google to move slowly in opening up its databases? Do you agree with its go-slow strategy? Why or why not? Google is seeing a drop in business as a result of other search providers starting up and providing better services than they are. Google’s operations have often been regarded as obtuse and stale. Like eBay and Amazon, Google can benefit from fresh ideas from aspiring developers and entrepreneurs but Google is all too aware...
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