...ethical issues were present based on deontological ethics and Immanuel Kant’s Categorical Imperative. The Adelphia Communications Scandal The Adelphia Communications Corporation was the sixth largest provider of cable services in the United States prior to filing bankruptcy in 2002 due to a major accounting scandal. Adelphia’s management intentionally misled investors by falsifying financial statements to give the appearance the organization was financially solid and performing well above normal, by excluding billions of dollars of debt from financial statements. The auditors fail to find any fraudulent action in the financial statements. John Rigas was the original founder of the corporation and later joined with his brother and sons. The Adelphia Communications Corporation (investors) provided over $2.3 billion worth of personal loans to the Rigas family. The Rigas family received assets via fund transfers from the Adelphia Communications Corporation through journal entries to purchase extravagant homes, land for an exclusive golf course and personal purchases. After the firm declared bankruptcy in 2002, John Rigas and his son Timothy Rigas were charged with conspiracy, bank fraud, and securities fraud. John received a fifteen year sentence and Timothy received a twenty year sentence which they began serving in 2007. A second son, Michael, was sentenced to ten...
Words: 1276 - Pages: 6
...Soon after news of Tiger Wood’s marriage issues hit the mainstream media, his sponsors were forced to decide what to do with one of the world’s most marketable athletes. At the height of his success on the PGA tour, Woods was one of the sporting world’s most desired figures for sponsors to partner with. With golf alone, Woods helped Nike reach figures of over $650 million in products sold (CBS/AP, 2009). Other major sponsors that Woods partnered with included Accenture, AT&T, PETA, Gillette, and Gatorade. Each of these nationally and globally know companies decided to end their endorsement partnerships with Tiger Woods in the weeks and months following the post-Thanksgiving incident and increasing marital issues. The only sponsor that has continued to endorse Woods has been Nike (CBS/AP, 2009). The main reason for these companies parting ways with Woods is due to an emphasis in keeping their names in good standings. In any form of public relations, you always want to have your company or business looked at in a positive light. When CEO’s and presidents of Woods’s former sponsors made remarks as to why they had terminated their relationship with the sports icon, they all mentioned that it was imperative to put the organizations good name as the top priority. This has been most reflected by Accenture’s reason for dropping Woods (Hamblen, 2009). The consulting firm had seen an increase in revenue in the months leading up Woods’ public relations nightmare (Hamblen, 2009). Keeping...
Words: 3287 - Pages: 14
...Contents Dana Chianelli – Introduction/General Information/History, Target Market, Mission Statement, CEO, Loyalty Programs, Key Departments, Social Responsibilities, Latest Promotional Ad, Advertising, Future Recommendations: Pages 3 through 7. Steven Carrabotta – Additional Information on Country Clubs and their history, Local Competitors, Conclusion: Pages 8 through 12 The Calumet Country Club has been around for quite some time. The Country Club was established in 1901. Calumet Country Club’s 18-hole golf course was designed by Donald Ross. Donald James Ross was born November 23, 1948 and he was an influential golf course designer. He was born in Scotland, but became a citizen of and spent most of his adult life in the United States. He was involved in designing or renovating around 400 different courses all within a 48 year span of time. He laid the foundation for America’s golf industry. Ross often created holes with invited run-up shots but had severe trouble at the back of the green, typically in the form of fall away slopes. He was admitted to the World Golf Hall of Fame in 1977, a high honor rarely awarded for anything other than playing success. There is also a society named after him, The Donald Ross Society. The golf courses designed by Ross are works of art and are preservations. Calumet Country Club, which was one of his many works of art, has a long history of championship golf dating back to 1945 and the Chicago Victory Open. This championship that was held at...
Words: 5687 - Pages: 23
...CURRICULUM VITAE PERSONAL INFORMATION NAME : IMALINGAT ANNE ROSE SEX : FEMALE AGE : 34 YEARS NATIONALITY : UGANDAN MARITAL STATUS : SINGLE CONTACT : IMALINGAT ANNE ROSE GOLF COURSE INVESTMENTS LTD (APARTMENTS) P.O BOX 22774 KAMPALA. TEL: 0775- 330314 PERSONAL PROFILE Iam a focused individual, good communicator, team leader and player. I am flexible and adaptable, willing to take up new challenges, learn new things and take up new projects. I also manage to withstand and absorb pressure, shocks and stress. EDUCATIONAL BACKGROUND YEAR INSTITUTION AWARD 2007 Good Samaritan Tech Teach Certificate of Completion in Tally 2002 Soroti Computer Bureau ...
Words: 396 - Pages: 2
...Analysis 7 Customer Analysis and Target Markets 7 6. Marketing Program 7 Price Strategy 7 Promotion Strategy 8 7. Sales Forecast 8 8. Implementation 8 Marketing Organization 8 Marketing Activities 8 9. Evaluation 9 Appendix A – Non Member Revenue Projections 10 Appendix B – Income Statement 11 Appendix C – Golf Courses Available on E6Golf Software 13 Appendix D – Marketing Budget 14 Appendix E – Marketing/Activities Plan 2014 – 2015 15 Bibliography 16 1. Executive Summary The following plan outlines the marketing strategy and tactics for introducing virtual golf to Fox Haven Golf and Country Club (FHGCC), a golf course currently operating in High Level, AB. This is the only golf course in the High Level area, the closest other courses being in La Crete and Fort Vermillion, both over an hour’s drive from High Level. FHGCC will build and open a 10 room Virtual Golf Centre at its current location. FHGCC will target this new venture at its current membership of approximately 120, while opening its doors to new golfers and those wishing to remain active over the long winter months. 2. Current Business Operations FHGCC is an 18-hole, par 72, parkland style golf course and driving range. Although small in length (6648 yards from the back tees, 5492 yards from forward tees), it provides a challenge for golfers of all abilities, with water hazards on ten of the holes, and well placed bunkers around the course. The club runs a Men’s and Ladies’ League...
Words: 3016 - Pages: 13
...of the auditors of a limited liability company? A B C D A right of access at all times to the company’s books and records. A right to attend all directors’ meetings. A right to speak at general meetings on any matter that concerns them as auditors. A right to attend any general meeting. 2 What is the PRIMARY purpose of an auditor taking action to evaluate and test the internal controls of a limited liability company? A B C D To enable the auditor to advise management of the strengths and weaknesses in the internal controls. To enable the auditor to eliminate analytical review procedures. To provide the auditor with the opportunity to reduce substantive procedures. To enable the auditor to restrict substantive procedures to income statement items only. 3 ‘Audit risk’ is the risk that the auditor expresses an inappropriate...
Words: 2291 - Pages: 10
...Institute of Technology, Blanchardstown Dublin 15. Word Limit for Assignment: 2000-3000 words Actual word count: 3170 Higher Certificate In Business Studies Human Resource Management 12/11/2013 Table of Contents Question 1: Mission statement and culture and the HR implications 2 Q2: CSR and HR's role in its implementation 5 Q3: Job analysis and job analysis techniques 7 Q4: Job description 9 Q5: HR in small versus large organisations 11 References: 12 Question 1: Mission statement and culture and the HR implications The organisation I am going to base my answer on, is Castleknock Golf Club where I am currently employed. Both the mission statement and the culture of an organisation are responsible for how the company runs, its success and existence. Mission statement The mission of an organisation is a statement of how it intends to fulfil its purpose. The main mission statement of Castleknock Golf Club is to provide an excellent dining environment while at the same time providing a high standard of customer service which customers would come to expect from such an establishment as Castleknock Golf Club. HR plays a vital role in an organisation, focusing on its mission statement and culture which are essential for its existence. Understanding the organisation's purpose , identifying strengths and weaknesses, its competitors and implementing new strategies helps a business grow. In order to reach the goal of a company, HRD...
Words: 3347 - Pages: 14
...Integrity Glove™ Plan December 10, 2014 Russ Sumpter Table of Contents I. Executive Summary 3 Description of Business 3 Mission Statement 3 The Product 3 Market Analysis 3 Future Projections 4 Financial Overview 4 II. Market Analysis Summary 4 Industry Analysis 5 Market Trends 6 Barriers to Entry 6 Changing Forces 6 Customer Analysis 7 Competitor Analysis 7 Critical Success Factors 8 III. Business Implementation and Evaluation 8 Implementation Plan 9 Evaluation 9 I. Executive Summary Description of Business Increasing demand for accurate score keeping coupled with advances in golfing technologies and the ever expanding locations of golf courses have dramatically altered the golfing world by making golf courses more accessible and have leveled the playing field between novice and experienced golfers. However, unlike times past when scores were tallied based on personal integrity, there is now a way to keep a golfer honest about their score keeping. . This will be accomplished by partnering with local golf courses to promote this new technology during the initial roll out phase of the Integrity Glove (IG). The company will provide a select few North Texas golfers with an opportunity to try out the latest innovation in golf scoring equipment at their preferred course. Innovations that improve the accuracy of scoring will enhance the competition and enjoyment of the game for all parties involved. Scoring has traditionally been a function...
Words: 2998 - Pages: 12
...Warren E. Buffett, 1995 How is Berkshire Hathaway’s business composition from Exhibit 1 different or similar today? Be specific. Provide an overall statement to describe Berkshire Hathaway’s performance over time compared to the S&P 500. Can you discern a trend in the investment decisions of Mr. Buffett and are his decisions consistent with the principals learned from his mentor Dr. Graham? Based on the types of company’s that BK now owns, have the Acquisition Criteria been held to, modified, expanded upon? Is there something more to his theories? Comment on the quote “all you need to know to become a successful investor is two courses, (1) A course on how to value companies and (2) a course on human behavior”. How does Buffet’s philosophy statements on page 19 and 20 compare to what you have learned so far in your other management classes or personal experiences? What does the advice that Buffet gave the University of Florida students mean to you? Select 2 quotes on page 22 and comment on why they are meaningful to you. How has Mr. Buffet taken advantage of the recession of the past 4 years? Comment on Mr. Buffet’s quote “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful”. By use of research, how has Buffet and his company applied this statement with their current actions? Case 2 INTUIT Your textbook on page 19 makes reference to the fact that most entrepreneurs learn about cash...
Words: 949 - Pages: 4
...Bean Defendant, JUDGMENT OF DIVORCE Comes now the Plaintiff, Patty Bean, in person and by counsel, Stacy Callaway, and comes now the Defendant David Bean, in person and by counsel, Joseph Dillan, and more than (60) days having passed since the filing of Complaint of Divorce herein, and witnesses having been sworn and the court having heard the evidence with the respect of such petition; the Court being duly advised in the premises, now finds as the follows: 1. That the parties were married on April 5,2004 and separated on February 4,2014 both parties live apart with Patty Bean living in the home owned by both parties at 123 W. Golf Road, Boston Ma 12345, and David Bean living at 456 Lark street, Boston Ma 12345. 2. That there has been an irretrievable breakdown in the marriage of the parties and that such marriage should dissolved. 3. That there were two (2) children born as a result of this union, namely: David Bean Jr., born June 5, 2006 and Patricia Bean born July 1, 2009. 4. That the parties shall have joint legal custody of minor children of the marriage with primary physical custody being in the Plaintiff/ Mother. 5. That the Defendant/ Father shall have visitation pursuant to Boston Massachusetts Visitation Guidelines. With the exception of the Plaintiff/Mother will meet half way between Westerly, Rhode Island and Boston, Ma 6. That the...
Words: 489 - Pages: 2
...The purpose of this discussion is to analyze the decision making process of the Adelphia Communication’s executive board, namely John Rigas, and how his decisions not only violated the basic trust of their shareholders but violated the ethical framework of what should have been a successful, solid, honest family business. Ethics is loosely defined as rules of behavior based on ideas about what is morally good and bad (Webster’s on line dictionary). As morality and Ethics are defined as one in the same for the purposes of commonality, the professional liberties taken by Rigas violated what any professional and/or layperson would consider good business practices. The examination of the ethical breaches made by the executive board, namely having motives that were self-serving and actions that contradicted acting dutiful to the wellbeing of the company which was composed of various family members. This not only paved the way for ongoing bad decisions, but ultimately corrupted the fabric of the company so much that when the corruption was finally discovered the company was destroyed in more ways than just financial. The company had lost all public trust from which they could not recover. From the perspective of the deontological framework, the exclusion of the basic principles of proper ethical behavior proved that attempting to create a structured entity without these basic principles may have be personally beneficial in the short term but the reality of unethical business practices...
Words: 1665 - Pages: 7
...Statement of the problem: The company has done quite a good job in the last past two decades, but things are not the same anymore nowadays because of the fast paced technology change and new alternative techniques and softwares that help sales force to approach the target effectively and effecientely. Buddy the top-producing sales person for 20 years at Ominco and after that - sales manager - has shrinked the reasons of having below average customer retention to only the failure of sales personal to appreciate the importance of relationships selling. Meaning that sales force isn't communicating effectively with prospects, therefore lack of loyalty and level of retention. On the other hand, some of the sales personal objected his statements and explained that customers' retention doens't only evelove around having buddy-relationships with clients, but it evlove around many different concepts than playing stupid game, like increasing customers bottom line and giving diffrentiated customer experience. On the overall, the problem could be summed up around this statement: " Is the lack of effctive relationships between customers and sales force what really led to decrease customers' retention, or are there any different concepts in the sales managment plan that weren't tackeld by the company management when they designed the marketing plan and resulted in customers' dissmisal." Summury of the facts: According to the case study, truly a legendary figure at Omnico, Buddy...
Words: 448 - Pages: 2
...entitlement. One such example is Adelphia Communications and the Riga family. In the late 1990s, Adelphia Communications was a major cable operator with over 5 million subscribers. In 2002, the SEC pressed charges against the founders (Rigas family) and accused founder John Rigas of taking $2.3 billion from the company to buy stock and invest in a golf course. Also alleged was for years Rigas and his two sons falsified Adelphia’s earning, costing investors more than $60 billion. John Rigas formed Adelphia Communications in 1952, when he bought a cable franchise in a small town in Pennsylvania. While Adelphia purchased cable systems, the Rigas family acquired their own small cable companies (outside of Adelphia). They did this to diversify their holdings in the event of problems at Adelphia. Rigas filed a number of false statements with the Securities and Exchange Commission (SEC) in which he falsified Adelphia’s subscriber growth and bottom line. Rigas also took out a $2.3 billion loan from company, which he carefully hid from auditors. Rigas used the funds to buy Adelphia stock and luxury homes; he also invested in a $13 million golf course. This...
Words: 920 - Pages: 4
...Competitive Environment Direct Market Environment Cultural and Social Environment Economic Environment Political and Legal Environment External Market Environment Technological Environment The Marketing Environment: Internal • It is about the company Company mission, structure and culture, financial situation, technology, production, quality control programs, R&D (research and development), relationship with suppliers/agents/customers. • Objectives should set the course – Should be socially and economically useful – Should organize to innovate, implement strategies – Should sustain profitability – Helps to have a mission statement • • It is about strength and weaknesses It is usually controllable. Hierarchy of Objectives Company Objectives Production Objectives Finance Objectives Product Objectives Marketing Objectives Place Objectives Personal Selling Objectives HR Objectives Promotion Objectives Mass Selling Objectives R&D Objectives Price Objectives Sales Promotion Objectives MGMT 120 Lecture Notes ©Professor Freddy Lee Resources vs Opportunities Limitation of resources ??? ?? ??? ?? Financial Strength Producing Capability and Flexibility Marketing Strengths The Marketing Environment: External • • • • It is about the macro-environment – Competition; – Macro-economy; – Technology; – Political and legal; – Social and cultural. It is about opportunities and threats It affects the company, as well as its suppliers and customers; It is usually uncontrollable...
Words: 836 - Pages: 4
...to there top director of the company. Executive Summary The FINC 5880 course is charged to do a financial comparison of three for profit organizations that are publicly traded. Yahoo Finance will be used to retrieve the latest financial for the three companies. This study will compare and contrast the companies by providing background information. Financial statements provide businesses with the basic tools for determining how well their operations perform at all times. Many entrepreneurs do not appreciate that financial statements have a value that goes further than their use as supporting documents to loan applications and tax returns (Gitman, 2006). These statements are concise reports designed to summarize financial activities for specific periods. Owners and managers can use financial statement analysis to assess the past and current financial condition of their business, detect any existing financial problems, and forecast future trends in the company's financial position (Hanson, Heitger, Jones, Mowen, & Rich, 2010). Evaluating three like sporting goods companies by using their financial statements to evaluate their ability to meet current obligations, gage future growth, measure leverage, support long term...
Words: 5303 - Pages: 22
