...Th Fi ncial Cris he inan sis: 2007 2 7-2009 gar N g A. Norton, Jr. Illin nois Sta Uni ate iversity y Cover page im mage ©2010 Pho otoDisc, Inc. Copyright © 2010 by John Wiley & Sons, Inc W c. All rights rese erved. No part of thi publication ma be reproduced stored in a ret is ay d, trieval system or transmitted r in any form o by any means, electronic, mec or , chanical, photoco opying, recordin scanning ng, or otherwise, except as permi itted under Sections 107 or 108 o the 1976 Unit States of ted Copyright Ac without either the prior writte permission of the Publisher, o authorization t ct, r en f or through payment of th appropriate pe he er-copy fee to th Copyright Cle he earance Center, I Inc., 222 Rosewo Drive, ood Danvers, MA 01923, website www.copyright A e t.com. Requests to the Publisher for permission should be r addressed to t Permissions Department, Joh Wiley & Son Inc., 111 Rive Street, Hobok NJ 07030the hn ns, er ken, 5774, (201)74 48-6011, fax (20 01)748-6008, we ebsite http://www w.wiley.com/go/ /permissions. To order book or for custom service, pleas call 1(800)-CA ks mer se ALL-WILEY (2 225-5945). Printed in the United States of America. e o ISBN 978- 0-470-56516-2 The Financial Crisis: 2007-2009 Objectives Understand the major influences that led to the 2007 2009 Financial Crises Describe the role that agency cost issues played in the financing of mortgages to developing...
Words: 17010 - Pages: 69
...Tobi Farore Tobi Farore Human Resources Mangement 16 Human Resources Mangement 16 Contents Introduction. 2 P1 2 Internal planning factors. 2 External planning factors. 3 P2 3 M1 5 P3, M2, D1 6 ASDAS methods of motivation 6 FINACIAL MOTIVATION 6 NON-FINACIAL MOTIVATION 6 Empowerment 6 Enrichment 7 Team work 7 Profit related pay/bonus’ 7 PROMOTION 7 IMPROVEMENTS TO MOTIVATION 8 STAFF FORUMS 8 Fringe benefits 9 P4 9 P5, M3 12 Employee Performance 13 D2 17 Improve relationship with staff and managers. 17 Enable manager to identify a weakness that they can rectify 17 Measuring underperforming workers 18 Promotions of staff 18 Introduction. Within this unit, I will be describing the internal and external factors to consider when planning the human resource requirements of an organisation, describe how the skills that employees require to carry out jobs in an organisation are identified. I will also be outlining how an organisation motivate its employees. Then explaining how organisations obtain the cooperation of their employees, how employee performance is measured and managed, why human resource planning is important to an organisation. I will need be comparing the use of motivation theories in an organisation, and explaining how the results from measuring and managing performance inform employee development. Finally, suggesting, with justification, ways of improving motivation in an organisational setting and assess...
Words: 8612 - Pages: 35
...BOARD PAPER PAPER NO. 0001 DATE: 16 April 2010 FOSTERS GROUP 2010 BUDGET 1.0 PURPOSE 1.1 This paper sets out the proposed 2010 budget for the Group based on the financial management information for 10 years ending 30 June 2009. The purpose of the paper is to provide a clear understanding of the current financial position and to seek agreement on funding. 2.0 OVERVIEW OF FINACIAL PERFORMANCE 2.1 A summary of the Group’s financial performance over the 10 year period from 2000 – 2009 is provided below. 3.0 SUMMARY OF PROJECTED PERFORMANCE 3.1 In 2010 we will build on the successful business strategy from 2009 that introduced a new company structure, a new leadership team and a new culture that is now being embedded across the organization. 3.2 The restructured business focuses on the three areas of Growth, Efficiency and Capability and our budget focus will be primarily on driving sales upwards by 3%, reducing costs to awrads achieveung the $100m cost reduction target and improving our capabilities to drive greater efficiencies across the organistaion. Budget Assumptions 3.3 Our 2010 budget assumptions are based on five key issues- 1. The recovery from the global financial crisis shall improve sales. 2. he exchange rate gap between AUD and USD narrows has a favorable impact on the business by reducing global operational costs. 3. Performance in the Pacific was impacted by recessionary economic conditions and ongoing political...
Words: 1919 - Pages: 8
...FITBIT 2ND QUARTER EARNINGS CALL SESONAL MOTHERS DAY AND FATHERS DAY FOR SECOND Q “FITBIT MISSION IS FOR PEOPLE TO LIVE HEALTHY MORE ACTIVE MORE LIVES. BY EMPOWERING THEM WITH DATA INSPIRATION AND GUIDENCE TO REACH THEIR GOAL.” PARKER CEO GROW 6 TIMES 2014-2019 28 BILLION DOLLAR OPPTUNITY ACCORDING TO IDC PRODICTED BY IDC126 MILLION SHIPPMENTS BY 2019 OVERALL SOLD FIRST HEALTH AND FITNESS DEVICE IN SEPT 2009 SINCE THEN FITBIT HAS SOLD 25 MILLION HEALTH AND FITNESS DEVICES DOMINATE SHARE IN CONNECTED HEALTH AND FITNESS DEVICE MARKET KEY GROWTH INITIATIVES DRIVERS SINCE IPO START DEVELOP INIVATING PRODS AND ADDING SOFTWARE FEATHURES AND SEVICES AND EXPANDING BRAND AWARNESS, GROWING GLOBAL FOOTPRINT, FURTHER PENTRATION IN COPERATE WELLNESS MARKET SINCE THEN…PROGRESS MADE OFFER BROAD RANGE OF CONNECTED HEALTH AND FITNESS DEVICES OFFER IN MUTIPLE STYLES AND PRICE POINTS. SOFTWARE AND SOFTWARE INVESMENTS NEW SOFTWARE TO SURGE WITH UPATE GPS BIKE TRACKING MUTIPLE DEVICES WITH ONE ACCOUNT- IF THEY USE MUITPLE ITEM LIKE SURGE DURING DAY AND CHARGE FOR SLEEPING. MERGES ALL DATA TO ONE ACCOUNT FACEBOOK IS NOW INTEGRATED TO FIND FRIENDS GLOBALY FOOD TRACKING FOR AUSTRIALL FRANCE ITALLY MEXICO AND SPAINE AND UNITED KINDOM GERMANY CHINA- 10 NEW COUNTIES INVESTING IN FITSTAR PERSONAL TRAINER IS ADDED TO INCREASE BRAND AWARENESS -GLOBAL MEIDA CAMPAIGN AND KEY PARTNERSHIP ADVERTISEMENT INCREASE DOLLARS-SPORT CENTER A SPOT COMMERCIAL DURING JUNE...
Words: 971 - Pages: 4
...return on the project and evaluate how this project compares to other potential investments. This process – planning, assessing, and managing long-term investments – is capital budgeting. Capital budgeting decisions require determining the revenues, costs, and cash inflows of a project, determining the required return of the investment, and prioritizing among a number of potential alternatives. At the same time, Boeing needed to consider the financing side. How will the construction of the new plant be financed, for instance? The financing decision deals with how to obtain the needed funds to undertake a project; the potential sources of funds; and the assessment of the costs and terms of every option. But further, it deals with the optimal mix of debt and equity – the capital structure. How much should be borrowed through loans and bonds? Should the firm issue new stock? How would increased borrowing affect the price of the stock? Each potential source of funds needs to be assessed and the right combination of funding established. The last issue: working capital. Working capital deals with the planning and management of short-term assets and short-term liabilities. Decisions under working capital include how much inventory to keep on hand, and how to manage accounts payable and accounts receivable, credit policies, short-term loans, etc. Working capital decisions are important because the firm...
Words: 1609 - Pages: 7
...Personal Budget, Balance Sheet, and Cash Flow Statement ACC/547 January 21, 2013 Personal Budget, Balance Sheet, and Cash Flow Statement Memo: Some people save less than their financial capacity is and this fact leads them to serious financial problems and lack of financial security. Therefore, successful money management should be a life decision undertaken at the early adulthood in order to plan money distribution effectively that would eventually provide financial prosperity. The purpose of this memo is to analyze my client's financial situation, their personal budget, balance sheet, and cash flow statement and give them recommendations and support for improving their financial situation. My client, John Morgan is a 49 year old engineer who is married and has two dependents. Kate Morgan, John's spouse is a 43 year old teacher and the mother of those two children. My client and his family live in a gorgeous 4-bedroom house, in a nice neighborhood with a good school district. Although, the family leads a peaceful life their financial situation is in a great disarray. Though, John and Kate make together close to $140,000 a year they don't have much of a life savings, or emergency fund, and too much credit card debts. In order to help them understand the significance of saving more money instead of spending it, personal balance sheet, cash flow statement, and budget need to be prepared. Personal balance sheet reflects their assets and liabilities and determines...
Words: 1113 - Pages: 5
...COFFEE BEANS COMPANY Our company name is Coffee Beans.This company’s structure is partnership.(Büşra Birsen and Hande Artış).Our company purpose gives more quality than the other coffee companies.We have cafes and shop online websites.Coffee beans include diffrent types of coffees,sandwiches,juices,chocolates,cookies,and cakes.In addition,we have an online shop.We sell some special chocolates,giftwares and we take customer needs,if they want to buy an online.Our company web site is www.beanshop.com.tr. We want to write details about our company’s product and services.Our coffee beans are very special.Also fresh foods,such as sandwiches,salads,baked pastries.Coffee beans prices are average,because there area lot of competitors and we don’t want to get behind. Our compay has some policies,there are; Privacy Policy As beanshop.com.tr,we respect your personal privacy rights and we secure your privacy when you are using our website. For your questions and suggestions about our privacy applied on beanshop.com.tr,please contact help@coffeebeans.com.tr. Human Resources Policy Coffee beans is to maximize customer satisfaction.Company is to ensure our employess to develop themselves and apply their knowledge and skills. We are in teamwork,our employees assume the responsibility of the work they perform. ...
Words: 1158 - Pages: 5
...Balanced Scorecard The BSC is a planning & management system which can be widely applied to organizations and companies regardless of size or type of business. The technique, extensively used in business and industry, government, and non-profit organizations worldwide, provides a method of aligning business activities to the vision & strategy of the organization, integrating internal & external communications, & keeping a watch on organization performance against strategic goals. It was developed by Robert Kaplan and David Norton of Harvard University in 1990. The line of the balanced scorecard runs deep, and include the revolutionary and path breaking work of General Electric on performance measurement coverage in the late 1950’s and the work of French engineers in the early part of the 20th century in France. Due to the fact that balanced scorecard term is a generic, it is interpreted differently by different people, and in practice, there are wide variations in both understanding and implementation. To some, the balanced scorecard is just a simple control panel indicating performance measures, while to others it is a inclusive planning and management system encompassing the whole organization and planned to focus efforts on business strategy and more significantly on performance and results. The balanced scorecard has steadily developed from its early use as a simple performance measurement framework for non-financial performance measures to a full strategic planning and...
Words: 2310 - Pages: 10
...black economic growth. By developing this somewhat exclusive system, black performers and consumers alike were able to keep their money circulated within their own people. While these subtitles were crucial in developing musical autonomy, more obviously the Chitlin Circuit also offered a space for talented people to be seen and heard on a bigger scale. The theme of black finacial freedom continued with the creation of the Negro League Baseball in 1920. Previously, African-Americans were discriminated against when playing amongst white professional leagues, but eventually players broke away to start something inclusive. The formulation of this black owned, black played and black consumed industry was crucial for economic development in many black communities. Alongside this burst of independence came the revolution of the black film industry which was nearly nonexistent prior to the 20s. Filmmakers such as Oscar Micheaux and D. W. Griffith were instrumental to making this radical shift in cinema. For the first time, race became a centerpiece for films, and a conversation was had nationally. Micheaux’s goal was much larger than creating art, but instead they represented a creative approach to unpacking complex racial issues. An equally important part to note about Micheaux’s life was his own struggle to claim achievements as an independent black film maker. The industry had already proven to be rigid when it came to accepting black cinematographers, but instead of given proper...
Words: 1350 - Pages: 6
...Module 7 – public sector organization case study | SHARED SERVICES WEST | Integrating value for member hospitals through service leadership | | By: Maria Udrea, Oxana Vatamaniuc & Vince Concepcion | 2/21/2016 | Since being established as a non-profit organization in 2001, the goal of Shared Services West (SSW) had been to drive value through the regionalization of strategic sourcing. SSW has evolved into a shared service provider, allowing for the full continuum of Supply Chain Services (Procure-to-Pay – P2P) to their equity member hospitals. | TABLE OF CONTENTS Executive Summary…………………………………………………………………………………………………..…………………1 Issue Identification…………………………………………………………………………………………………….………………..2 Operating Environment and Root Cause Analysis……………………………………………………………………2 – 4 Alternatives and/or Options………………………………………………………………………………………………………...5 Recommendations and Implementation Plan………………………………………………………………………………..6 Monitor and Control……………………………………………………………………………………………………………....7 – 8 Resources……………………………………………………………………………………………………………………………………8 EXECUTIVE SUMMARY Healthcare organizations are facing funding constraints and budget deficits which have created a need to find greater value within the supply chain. With the reality of an aging and diverse population requiring different needs, they are under considerable pressure to improve financial and operational efficiency. As organizations head into the future they are striving to create a better system that...
Words: 2428 - Pages: 10
...societal marketing concept. Five alternative concepts * 1. Production concept – The idea that the consumer will favor products that are available and highly affordable and that the organization should therefore focus on improving production and distribution efficiency. * 2. Product Concept- the idea that consumers will favor products that offer the most quality, performance, and features and that the organization should therefore devote its energy to making continuous product improvement. * 3. Selling Concept – The idea that consumers will not buy enough of the firm’s products unless it undertakes a large-scale selling and promotion effort. * 4. Marketing Concept- A philosophy that holds that achieving organizational goals depends on knowing the needs and wants of target markets and delivering the desired satisfactions better than competitors do. A customer-centered “sense and respond” philosophy. The job is not to find the right customers for your product but to find the right products for you customers. * 5. Societal marketing concept- the idea that a company’s marketing decisions should consider consumers’ wants, the company’s requirements, consumer’s long run interest, and society’s long-run interests. It holds that marketing strategy should deliver value to customers in a way that maintains or improves both the consumer’s and society’s well being. Customer relationship management * The overall process of building and maintaining profitable...
Words: 2564 - Pages: 11
...A Proposal on Identification of the Possibility to launch a Corporate Event Management Company Prepared for Arafat Rahman Course Instructor Business Communication Prepared by Shihabuddin Md. Zaki Class ID: 1571 Batch: 21st INSTITUTE OF BUSINESS ADMINISTRATION JAHANGIRNAGAR UNIVERSITY Date of Submission: April 01, 2012 Table of Content: Introduction Problem statement Objectives Methodology Service Financial summary Timing Reporting Conclusion Bibliography [Page - 1] [Page - 1] [Page - 2] [Page - 3] [Page - 4] [Page - 4] [Page - 5] [Page - 5] [Page - 5] [Page - 6] INTRODUCTION The Corporate Retreat Professionals (CRP) is an event management company specializing in corporate customers. CRP will offer two types of services, retreat training services as well as product launch event planning. The retreat training services will be either leadership development training or teaming skills training. For both types of retreats, CRP can take care of the planning of the event, as well as actually hosting the training through the use of one of CRP's strategic business partners. The corporate market for event management is steady and profitable. For some large companies, economic downturns mean cuts in training. This is, however, only the case for shortsighted companies. The benchmark companies may trim down the workforce during a downturn, but they do not cut funds for training. They recognize that investing in human resources is always a good investment. CRP intends...
Words: 1478 - Pages: 6
...PROJECT--- * ACCORDING TO THE PROJECT MGMT. INSTITUTE USA A PROJECT IS AN ENDEAVOR TO ACOMPLISH A SPECIFIC OBJECTIVE THROUGH A UNIQUE SET OF INTERRELATED TASKS AND THE EFFECTIVE UTILISATION OF RESOURCES. * THE WORLD BANK HAS DEFINED PROJECT AS AN APPROVAL FOR A CAPITAL INVESTMENT TO DEVELOP FACILITIES TO PROVIDE GOODS AND SERVICES. * IT HAS A WELL DEFINED OBJECTIVE STATED IN TERMS OF SCOPE ,SCHEDULE, AND COSTS. * PROJECTS ARE “BORN”WHEN NEED IS IDENTIFIED BY THE CUSTOMER -- THE PEOPLE OR ORGANISATION WILLING TO PROVIDE FUNDS TO HAVE THE NEED SATISFIED. * IT IS THE PEOPLE (PROJECT MANAGER AND PROJECT TEAM) NOT THE PROCEDURES AND TECHNIQUES THAT ARE CRITICAL TO ACCOMPLISH THE PROJECT OBJECTIVE * PROCEDURES AND TECHNIQUES ARE MERELY TOOLS TO HELP THE PEOPLE DO THEIR JOBS. BASIC COMPONENTS OF A PROJECT A PROJECT IS A PRODUCTIVE ACTIVITY WHICH CAN BE ANALYZED,APPRAISED AND MONITORED INDEPENDENTLY. A MULTIPURPOSE RIVER VALLEY PROJECT IS A GIGANTIC PROJECT A PROJECT HAS SPECIFIC OBJECTIVES IN TERMS OF GEOGRAPHICAL LOCATION ,SPECIFIC STARTING AND END POINT, AND MOST IMPORTANT ---TO SERVE A TARGET POPULATION BY ACHIEVING GOOD INVESTMENT RETURNS. CHARACTERISTICS OF A PROJECT THERE ARE FOUR BASIC CHARACTERISTICS A)INVESTMENT PATTERN (VALUE) B) BENEFITS AND GAINS C)TIME LIMIT (MAJOR FACTOR FOR COST OVERRUNS) D) LOCATION (AVAILABILITY OF RAW MATERIALS, MANPOWER ETC.) PROJECT CLASSIFICATION PROJECT CLASSIFICATION HELPS IN GRAPHICALLY EXPRESSING AND...
Words: 1989 - Pages: 8
...16. Transfer pricing The price that is assumed to have been charged by one part of a company for products and services it provides to another part of the same company in order to calculate each division’s profit and loss separately. Companies with dispersed production facilities, usually in different countries, use transfer pricing. It involves over- or undercharging for goods sold between branches at a price determined by the company. The main objective is to take advantage of different tax rates between countries. Transfer pricing also is used to evaluate performance of divisions within a company. Objectives: tax saving, measure performance, boost profit Key factors to consider: Economic conditions Market conditions Competition Tax rates Profit for the affiliate Import restrictions, Custom duties, Price controls, Exchange controls Methods of transfer costing: Market based, Cost based, Negotiated Criteria for transfer pricing Tax regimes Local market conditions Market imperfections Joint venture partners 14. Major categories of resources (1) human resources, (2) financial resources, (3) physical resources, (4) information resources. Human Resources This is the most vital resource of an organisation. An organisation cannot work without human resources and hence it has to take care of this aspect. Organisations choose employees based on the qualifications and skills required for the work. In addition to this, they conduct...
Words: 1924 - Pages: 8
...Topic: China’s financial liberalization Title: China’s financial liberalization and the policy transformation towards openness Author: Xuepan Cheng 4136801 Abstract This paper focused on the research of China’s financial liberalization reform in order to discuss the economic and financial effects casted by financial liberation. Also the article pointed out the current problems of China’s financial system and provided suggestions for implementation. The main argument of policy suggestions for China is to further lower down the financial limits, so that China will be able to build a better foundation for financial liberalization. Also the effective and constant supervision and modification of the financial regulation system is also necessary for maintaining a healthy macroeconomic environment and continuing capital flows. While the economic globalization, and financial liberalization has become a major tendency that attracts a lot of people’s attention in world economic development since the 1980s, the financial liberation and reform has become a necessity for China to develop it’s financial market and economy wellbeing. 1. Introduction China, as one of the fastest expanding economy in the world, is largely owing to the economic globalization, and financial liberalization since the 1980s. Economic globalization refers to the fact that economic resources (goods, capital, labor, technology, information and other transactions) flow from one country to another. This tendency makes...
Words: 2952 - Pages: 12
