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McCoy's Building Supply Centers of San Marcos, Texas, have been in continuous successful operation for over 70 years in an increasingly competitive retail business. McCoy's is one of the nation's largest family-owned and -managed building-supply companies, serving 10 million customers a year in a regional area currently covering New Mexico, Texas, Oklahoma, Arkansas, Mississippi, and Louisiana. McCoy's strategy has been to occupy a niche in the market of small and medium-sized cities.

McCoy's grounding principle is acquiring and selling the finest-quality products that can be found and providing quality service to customers. As an operations-oriented company. McCoy's has always managed without many layers of management. Managers are asked to concentrate on service-related issues in their stores: get the merchandise on the floor, price it, sell it, and help the customer carry it out. The majority of the administrative workload is handled through headquarters so that store employees can concentrate on customer service. The top management team (Emmett McCoy and his two sons, Brian and Mike, who serve as co-presidents) has established 11 teams of managers drawn from the different regions McCoy's stores cover. The teams meet regularly to discuss new products, better ways for product delivery, and a host of items integral to maintaining customer satisfaction. Team leadership is rotated among the managers.
McCoy's has a workforce of 70 percent full-time and 30 percent part-time employees. McCoy's philosophy values loyal, adaptable, skilled employees as the most essential element of its overall success. To operationalize this philosophy, the company offers extensive on-the-job training. The path to management involves starting at the store level and learning all facets of operations before advancing into a management program. All management trainees are required to relocate to a number of stores. Most promotions come from within. Managers are rarely recruited from the outside. This may begin to change as the business implements more technology requiring greater reliance on college-educated personnel.
Permeating all that McCoy's does is a strong religious belief, including a strong commitment to community. The firm has a longstanding reputation of fair dealing that is a source of pride for all employees.
Many McCoy family members are Evangelical Christians who believe in their faith through letting their "feet do it"—that is, showing their commitment to God through action, not just talk. Although their beliefs and values permeate the company's culture in countless ways, one very concrete way is reflected in the title of this case: Never on a Sunday. Even though it's a busy business day for retailers, all 103 McCoy's stores are closed on Sunday.
Atlanta, Georgia
Courteous service fuels growth at Chick-fil-A. But don't plan on stopping in for a chicken sandwich on a Sunday; all of the chain's 1,250 stores are closed. It is a tradition started by 85-year-old founder Truett Cathy, who believes that employees deserve a day of rest. Known as someone who believes in placing "people before profits," Truett has built a successful and fast growing fast-food franchise.
Headquartered in Atlanta, where its first restaurant was opened, Chick-fil-A is wholly owned by Truett's family and is now headed by his son. It has a reputation as a great employer, processing about 10,000 inquiries each year for 100 open restaurant operator jobs. Chick-fil-A's turnover among restaurant operators is only 3%, compared to an industry average as high as 50%. It is also a relatively inexpensive franchise, costing $5,000, compared to the $50,000 that is typical of its competitors.
The president of the National Restaurant Association Educational Foundation says: "I don't think there's any chain that creates such a wonderful culture around the way they treat their people and the respect they have for their employees."

Truett asks his employees to always say "my pleasure" when thanked by a customer. He says: "It's important to keep people happy." The results seem to speak for themselves. Chick-fil-A is the twenty-fifth largest restaurant chain in the United States, and reached over $2 billion in sales in 2006.[]

Review Questions
1: How have the personal beliefs of the McCoy and Cathy families influenced the organizational cultures of their firms?
2: What lessons for developing high-performance organizational cultures can these two cases provide for other firms that aren’t family run?
3. What would be the challenges for a new leader who is interested in moving her organization in the direction of the McCoy or Chick-fil-A cultures?

Trung tâm cung cấp Xây dựng McCoy của San Marcos , bang Texas , đã hoạt động thành công liên tục trong hơn 70 năm trong một doanh nghiệp bán lẻ ngày càng cạnh tranh . McCoy là một trong những công ty xây dựng , cung cấp gia đình sở hữu và quản lý lớn nhất của quốc gia , phục vụ 10 triệu khách hàng một năm trong một khu vực trong khu vực hiện nay bao gồm New Mexico, Texas , Oklahoma, Arkansas, Mississippi và Louisiana . Chiến lược McCoy đã được để chiếm một ngách trong thị trường của các thành phố nhỏ và vừa . Nguyên tắc nền tảng McCoy được mua và bán các sản phẩm chất lượng tốt nhất có thể được tìm thấy và cung cấp dịch vụ chất lượng cho khách hàng. Là một công ty hoạt động theo định hướng . McCoy đã luôn luôn được quản lý mà không có nhiều lớp quản lý . Các nhà quản lý được yêu cầu tập trung vào các vấn đề liên quan đến dịch vụ trong cửa hàng của họ : có được những hàng hóa trên sàn, giá nó , bán nó , và giúp khách hàng thực hiện nó . Phần lớn khối lượng công việc hành chính được xử lý thông qua trụ sở chính vì vậy mà các nhân viên có thể tập trung vào dịch vụ khách hàng . Đội ngũ quản lý hàng đầu ( Emmett McCoy và hai con trai của ông , Brian và Mike , người phục vụ là đồng Chủ tịch ) đã thành lập 11 đội của các nhà quản lý rút ra từ các vùng khác nhau McCoy của cửa hàng trang bìa. Các đội bóng thường xuyên gặp gỡ để thảo luận về các sản phẩm mới , những cách tốt hơn để phân phối sản phẩm , và một loạt các mặt hàng thể thiếu để duy trì sự hài lòng của khách hàng . Đội ngũ lãnh đạo được luân chuyển, các nhà quản lý . McCoy của có một lực lượng lao động của 70 phần trăm toàn thời gian và 30 phần trăm nhân viên bán thời gian . Triết lý McCoy của giá trị trung thành , thích nghi, nhân viên có tay nghề cao là yếu tố quan trọng nhất của sự thành công chung của nó. Đưa vào hoạt động triết lý này , công ty cung cấp rộng đào tạo trong công việc . Đường dẫn đến quản lý liên quan đến việc bắt đầu từ cấp độ cửa hàng và học tất cả các khía cạnh của hoạt động trước khi tiến vào một chương trình quản lý . Tất cả các học viên quản lý được yêu cầu chuyển nơi ở đến một số cửa hàng . Hầu hết các chương trình khuyến mãi đến từ bên trong . Quản lý hiếm khi được tuyển dụng từ bên ngoài. Điều này có thể bắt đầu thay đổi khi doanh nghiệp thực hiện công nghệ hơn đòi hỏi phải dựa nhiều hơn vào nhân viên giáo dục đại học . Thấm nhuần tất cả những McCoy của không là một niềm tin tôn giáo mạnh mẽ , bao gồm một cam kết mạnh mẽ với cộng đồng . Công ty có danh tiếng lâu đời của giao dịch công bằng đó là một niềm tự hào cho tất cả nhân viên. Nhiều thành viên gia đình McCoy là những Kitô hữu Tin Lành người tin vào đức tin của họ thông qua để cho họ "chân làm điều đó " , nghĩa là, thể hiện cam kết của họ với Thiên Chúa qua hành động, không chỉ nói chuyện . Mặc dù niềm tin và giá trị của họ tràn ngập văn hóa của công ty trong nhiều cách khác nhau , một cách rất cụ thể được phản ánh trong tiêu đề của trường hợp này : Không bao giờ vào ngày chủ nhật . Mặc dù đó là một ngày làm việc bận rộn cho các nhà bán lẻ , các cửa hàng tất cả 103 McCoy của đóng cửa vào chủ nhật. Atlanta, Georgia Dịch vụ lịch sự phát triển nhiên liệu tại Chick-fil -A . Nhưng không có ý định dừng lại ở một bánh sandwich gà vào ngày chủ nhật , tất cả 1.250 cửa hàng của chuỗi được đóng lại. Đó là một truyền thống bắt đầu bởi người sáng lập 85 tuổi Truett Cathy , người tin rằng nhân viên xứng đáng được một ngày nghỉ ngơi . Được biết đến như một người tin tưởng vào cách đặt " người trước lợi nhuận , " Truett đã xây dựng phát triển thương hiệu thức ăn nhanh thành công và nhanh chóng. Có trụ sở tại Atlanta, nơi nhà hàng đầu tiên của nó đã được mở ra, Chick-fil -A sở hữu của gia đình Truett và hiện đang đứng đầu con trai của mình. Nó có một danh tiếng là nhà tuyển dụng lớn , chế biến khoảng 10.000 yêu cầu mỗi năm cho 100 nhà hàng mở công việc điều hành . Doanh thu Chick-fil -A của các nhà khai thác hàng chỉ 3 % , so với mức trung bình ngành công nghiệp như cao như 50 % . Nó cũng là một nhượng quyền thương mại tương đối rẻ tiền , trị giá $ 5,000, so với $ 50,000 đó là điển hình của đối thủ cạnh tranh của nó . Chủ tịch Hiệp hội Nhà hàng Quốc gia Quỹ Giáo dục cho biết : "Tôi không nghĩ có bất kỳ chuỗi tạo ra một nền văn hóa tuyệt vời như vậy xung quanh cách họ đối xử với người dân của họ và sự tôn trọng mà họ dành cho nhân viên của họ . " Truett yêu cầu nhân viên của mình để luôn luôn nói " niềm vui của tôi " khi đề bắt đầu bởi một khách hàng. Ông nói : " Điều quan trọng là giữ cho mọi người hạnh phúc . " Kết quả dường như nói cho mình. Chick-fil- A là chuỗi nhà hàng lớn nhất hai mươi lăm tại Hoa Kỳ, và đạt hơn 2 tỷ USD doanh thu trong năm 2006 [ ] . Câu hỏi đánh giá 1 : Làm thế nào có niềm tin cá nhân của các gia đình McCoy và Cathy ảnh hưởng đến nền văn hóa tổ chức của các công ty của họ? 2 : Những bài học cho việc phát triển nền văn hóa tổ chức hiệu suất cao có thể hai trường hợp cung cấp cho các công ty khác mà không phải là gia đình chạy ? 3 . Điều gì sẽ là thách thức đối với một nhà lãnh đạo mới là người quan tâm trong việc di chuyển tổ chức của bà trong sự chỉ đạo của McCoy hoặc Chick-fil -A nền văn hóa ?

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...INTRODUCTION TO CORPORATE FINANCE AGENDA • Definition • Types of corporate firm • The importance of cash flows • Agency problem WHAT IS CORPORATE FINANCE? WHAT IS CORPORATE FINANCE? How the company raise funds? (financing decision  capital structure) Sources of fund: 1. Debt 2. Equity What long-lived assets to invest? Assets: 1. Current assets 2. Non-current assets/fixed assets How the company manage shortterm operating cash flows? BALANCE SHEET MODEL OF THE FIRM Total Value of Assets: Total Firm Value to Investors: Current Liabilities Net Working Capital Current Assets Long-Term Debt Fixed Assets 1 Tangible Shareholders’ Equity 2 Intangible What is the most important job of a financial manager? To create value for the firm How? In summary, corporate finance addresses the following three questions: 1. What long-term investments should the firm choose (capital budgeting)? 2. How should the firm raise funds for the selected investments (financing)? 3. How should short-term assets be managed and financed (net working capital activities)? LEGAL FORM OF ORGANIZING FORM SOLE PROPRIETORSHIP Owned by one person PARTNERSHIP Owned by two or more individuals Types of partnership: a. General partnership b. Limited partnership Advantages 1. Easy to form 2. No corporate income taxes 3. Management control resides with the owner of general partners Disadvantages 1. 2. 3. 4. Unlimited liability Life of the business is limited...

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Finance

...See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/231589896 The Relationship between Capital Structure & Profitability ARTICLE · JUNE 2012 CITATIONS READS 8 3,800 2 AUTHORS, INCLUDING: Thirunavukkarasu Velnampy University of Jaffna 57 PUBLICATIONS 131 CITATIONS SEE PROFILE Available from: Thirunavukkarasu Velnampy Retrieved on: 26 January 2016 Global Journal of Management and Business Research Volume 12 Issue 13 Version 1.0 Year 2012 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Inc. (USA) Online ISSN: 2249-4588 & Print ISSN: 0975-5853 The Relationship between Capital Structure & Profitability By Prof. (Dr). T. Velnampy & J. Aloy Niresh University of Jaffna, Sri Lanka. Abstract - Capital structure decision is the vital one since the profitability of an enterprise is directly affected by such decision. The successful selection and use of capital is one of the key elements of the firms’ financial strategy. Hence, proper care and attention need to be given while determining capital structure decision. The purpose of this study is to investigate the relationship between capital structure and profitability of ten listed Srilankan banks over the past 8 year period from 2002 to 2009.The data has been analyzed by using descriptive statistics and correlation analysis to find out the association between the variables. Results of...

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