...tasks of coordinating complex activities towards the goals of Org Emergence - Changes in nature of Ownership and management, Changing and gloabliisng market conditions, New Org structures Org vision and mission statement articulates its strategy, Org performance relative to its strategy is in performance review in Annual Report Telstra One Factory Approach - Bringing together Operations and Management of IT System, removing duplication and complexity in system. Leadership Leadership = influence process “Follower-ship” different from management “Subordinate-ship” Power & Influence – Power to change people’s behaviour and Influence to change their preferences Can be exercised from any level or position within an Org Capacity to motive and elicit employee commitment Effective and Forward thinking Accountant Roles in Strategic Leadership 2 External Environment – Analysing an Industry Process includes – definition of ‘Industry’, Life Cycle Stage, Evolution, how factors may change their impact on future growth & profitability, what drives customers demand, Critical Success factors & how competitors compete Gathering Data – Internet, Public Agencies & Statutory Authorities, Industry Associations, Annual Reports, IPOs, University, Consultancy Firms, Lobbying Orgs., Intelligent Assumptions. Definition of ‘Industry’ – Group of Business producing close substitutes, Wider definitions minimises risks of missing new trends Industry Value Chain – comprises business...
Words: 887 - Pages: 4
...Case study Visit an environment Conduct & survey/ interview & observation * Effects of environmental degradation * How they address it or solve the problem * How implementation for environmental conservation 1. Introduction – define & explain environmental conservation 2. Overview of establishment – History and description 3. Environmental conversation observation a. Solid waste b. policies c. penalties d. problems encounter (regarding envi conversation) e. participation of the company in any envi conversation advocacy f. photos ( 4 pictures include the front of the establishment ; the interview; their policies; solid waste disposal) 3R size with caption. 4. Summary, conclusion and finding 5. Recommendation JOLLIBEE FOODS CORPORATION Introduction: The Jollibee Food Corporation remains unwavering in its commitment to bring joy to our customers, and that means doing our part in conserving our natural resources and keeping our environment safe, clean, and beautiful. Part of our water management practice is the use of hygienic waterless urinals in our stores. This odorless facility uses a special liquid sealant to prevent odors from escaping and funnel pure urine down the drain. Overview of establishment: Jollibee is a Filipino multinational chain of fast food restaurants headquartered in Pasig, Metro Manila, Philippines. JFC is the parent company of Jollibee, the country's answer to McDonald's in the fast food burger...
Words: 1202 - Pages: 5
...governance, and Post-IPO performance of China’s newly partially privatized firms$ Joseph P.H. Fana,Ã, T.J. Wonga, Tianyu Zhangb a The Chinese University of Hong Kong, Shatin, N.T., Hong Kong b City University of Hong Kong, Kowloon, Hong Kong Received 19 August 2005; received in revised form 31 January 2006; accepted 6 March 2006 Available online 24 January 2007 Abstract Almost 27% of the CEOs in a sample of 790 newly partially privatized firms in China are former or current government bureaucrats. Firms with politically connected CEOs underperform those without politically connected CEOs by almost 18% based on three-year post-IPO stock returns and have poorer three-year post-IPO earnings growth, sales growth, and change in returns on sales. The negative effect of the CEO’s political ties also show up in the first-day stock return. Finally, firms led by politically connected CEOs are more likely to appoint other bureaucrats to the board of directors rather than directors with relevant professional backgrounds. r 2007 Elsevier B.V. All rights reserved. JEL classification: G34; L33; P31 Keywords: Political connections; Corporate governance; IPO performance; Partial privatization; China We appreciate helpful comments from Stijn Claessens, Mara Faccio, Simon Johnson, Florencio Lopez-deSilanes, John McConnell, Randall Morck, Harold Mulherin, Sheridan Titman, Yijiang Wang, Mengxin Zhao, an anonymous referee, and participants in the 2003 ‘‘The Management and Performance of China’s Domestic...
Words: 14040 - Pages: 57
...Venture Teams Journal of Management Vol. XX No. X, Month XXXX 1–30 DOI: 10.1177/0149206313493325 © The Author(s) 2013 Reprints and permissions: sagepub.com/journalsPermissions.nav New Venture Teams: A Review of the Literature and Roadmap for Future Research Anthony C. Klotz Oregon State University Keith M. Hmieleski Texas Christian University Bret H. Bradley Lowell W. Busenitz University of Oklahoma As entrepreneurship research has matured, scholars have increasingly recognized that the formation of new ventures is commonly accomplished by teams as opposed to lone entrepreneurs. Over the past two decades, the upper echelons perspective has served as the primary lens for investigating new venture team functioning and performance. However, researchers have begun to move beyond the relationship...
Words: 16153 - Pages: 65
...homepage: www.elsevier.com/locate/jbf Underpricing of IPOs: Firm-, issue- and country-specific characteristics Peter-Jan Engelen a,*, Marc van Essen b a b Utrecht University, School of Economics, Utrecht, The Netherlands Erasmus University, Rotterdam School of Management, Rotterdam, The Netherlands a r t i c l e i n f o a b s t r a c t Using a large firm-level dataset of 2920 IPOs from 21 countries we examine the impact of country-level institutional characteristics on the underpricing of IPOs. Through hierarchical linear modeling we are able to control for firm-specific and issue-specific characteristics and test whether country-specific institutional characteristics add explanatory power to explain the level of underpricing. Our results show that about 10% of the variation in the level of underpricing is between countries. The quality of a country’s legal framework, as measured by its level of investor protection, the overall quality of its legal system and its level of legal enforcement, reduces the level of underpricing significantly. Ó 2010 Elsevier B.V. All rights reserved. Article history: Received 4 July 2009 Accepted 6 January 2010 Available online 11 January 2010 JEL classification: G30 G32 G38 K22 Keywords: IPO Underpricing Legal framework Investor protection Multi-level modeling 1. Introduction When companies go public, a well-documented phenomenon is the underpricing of the initial public offering (IPO). On average, shares seem to be offered at a price lower...
Words: 13737 - Pages: 55
...comments. A Case Study The Initial Public Offering of Williams Communications Group, Inc. Abstract The Williams Companies, Inc. has decided to divest a portion of their holdings in Williams Communications Group (WCG), a wholly-owned subsidiary. WCG is a high growth business operating in the telecommunications sector. This case focuses on valuation of a telecommunications company and the process of taking a wholly-owned subsidiary public using an equity carve-out. Students are asked to estimate a value for this offering. This case is most appropriate for undergraduates, however, it could be a used as an introductory case for MBA students. INTRODUCTION Mr. Jack McCarthy, Chief Financial Officer (CFO) and Senior Vice President of The Williams Companies, Inc. (WMB), sat in his corner office overlooking downtown Tulsa and pondered the firm’s upcoming IPO of its Williams Communications Group (WCG). Several weeks earlier, in August 1999, the firm had decided to carve-out 14 percent of WCG. Now the task of valuing the IPO was foremost in Mr. McCarthy’s thoughts. Your summer internship assignment, as an assistant to Salomon Smith Barney’s telecommunications analyst, is to provide Mr. McCarthy with the numbers with which to back up his...
Words: 5204 - Pages: 21
... | Ms. Lori Cross Telephone : (608) 298-0058 Mobile : (608) 692-2000 e-Mail : lcross@bus.wisc.edu or lj_cross@msn.com Office : Grainger 4281 Office Hours : 4 - 6 (before scheduled classes) by appointment Course Description and Objectives Few leaders would disagree that a firm’s performance is directly linked with their chosen strategy and their ability to implement that strategy. Traditionally, books and articles on strategy have focused on the development of a strategic plan, based on situational and competitive analyses and forward-looking forecasts. In today’s world, these traditional methods are no longer sufficient to address rapidly changing environments and the challenge of executing global strategies. This course will explore the latest research and management techniques for developing a comprehensive integrated strategic plan and for managing implementation of the plan in dynamic environments. The key objectives of the course are: • To provide a clear understanding and framework for dynamic strategic analysis and formulation. • To establish clear relationships between strategy formulation and...
Words: 1443 - Pages: 6
...The Rise and Evolution of the Chief Risk Officer: Enterprise Risk Management at Hydro One by Tom Aabo, Aarhus School of Business, John R. S. Fraser, Hydro One, Inc., and Betty J. Simkins, Oklahoma State University T he Chinese symbols for risk shown above capture a key aspect of enterprise risk management. The first symbol represents “danger” and the second “opportunity.” Taken together, they suggest that risk is a strategic combination of vulnerability and opportunity. Viewed in this light, enterprise risk management represents a tool for managing risk in a way that enables the corporation to take advantage of valueenhancing opportunities. A missed strategic opportunity can result in a greater loss of (potential) value than an unfortunate incident or adverse change in prices or markets. As in the past, many organizations continue to address risk in “silos,” with the management of insurance, foreign exchange risk, operational risk, credit risk, and commodity risks each conducted as narrowly focused and fragmented activities. Under the new enterprise risk management (ERM) approach, all would function as parts of an integrated, strategic, and enterprise-wide system.1 And while risk management is coordinated with senior-level oversight, employees at all levels of the organization are encouraged to view risk management as an integral and ongoing part of their jobs. While there are theoretical arguments for corporate risk management,2 the main drivers for...
Words: 3236 - Pages: 13
...venture capital firms for investments in 42 portfolio companies. Consistent with most academic and anecdotal accounts, we find that it is common for VCs to consider explicitly the attractiveness of the opportunity – the market size, the strategy, the technology, customer adoption, and competition – the management team, and the deal terms. We also provide evidence on how the venture capitalists expect to monitor those investments. In at least half of the investments, the VC expects to play an important role in recruiting management. Finally, we complement the investment analyses with information from the financial contracts for the investments and consider the relation of the analyses with the contractual terms and with subsequent performance. In both analyses, the evidence suggests that the VC’s initial appraisal of the management team is important. Stronger management teams obtain more attractive contracts and are more likely to take their companies public. G24: Investment banking; Venture Capital; Brokerage G32: Financing policy; Capital and ownership structure * Graduate School of Business, University of Chicago. This research has been supported by the Kauffman Foundation, by the Lynde and Harry Bradley Foundation and the Olin Foundation through grants to the Center for the Study of the Economy and the State, and by the Center For Research in Security Prices. We are grateful to the venture capital partnerships for providing data. Address correspondence to Per...
Words: 12264 - Pages: 50
...SME access to capital markets funding 1. Why are we specifically focusing on SMEs? In July the FESE President met with Commissioner Barnier where it became clear that the Commissioner puts a strong political emphasis on SME finance. Commissioner Barnier confirmed during that meeting that he would like FESE to propose some concrete recommendations on how to improve SMEs’ access to capital markets. This information would be considered for their joint ‘action plan’ related to SMEs which DG Internal Market and DG Enterprise are currently working on and which will be finalised by end‐November. The Commissioner invited FESE to present these ideas during the meeting that was arranged for October, during this meeting the Commissioner advised that our recommendations (outlined below) included a request for financial support from the European Commission but he did not know what Exchanges have and are doing to support SMEs, it was therefore agreed that this would be the subject of our lunch with him on 21st November 2. Brief outline of FESE recommendations INCENTIVES • Positive tax incentives are needed. If Europe wants more investors to look at SMEs, incentives are needed, and tax incentives are among the most effective. • FESE urged the Commission to study this issue carefully as we believe that incentives on taxation for the smaller and most dynamic companies will be a key instrument. PUBLIC FUNDING: ...
Words: 5794 - Pages: 24
...FACULTY OF INFORMATION TECHNOLOGY AND MULTIMEDIA COMMUNICATON CBAD2103 SYSTEM ANALYSIS AND DESIGN Name : Afiq Aiman Bin Halilludin Matric number : 860819355417001 NRIC : 860819-35-5417 Telephone number : 016-4612503 E-mail address : mynameisafiq@gmail.com E-Tutor’s name: Noor Anida Zaria Binti Mohd Noor Learning Centre: Seameo Recsam Learning Centre September 2014 Semester TABLE OF CONTENTS 1.0 INTRODUCTION…………………………………………………….……….………....3 1.1 CONTEXT DIAGRAM…….…………………………………………….…………..…. 3 1.2 CONTEXT DIAGRAM FOR HEALTH CLUB MEMBERSHIP……………………4 2.0 DATA FLOW DIAGRAM (DFD)…………………….……………………..……….…5 2.1 DATA FLOW DIAGRAM FOR HEALTH CLUB MEMBERSHIP SYSTEM…......6 3.0 NON-FUNCTIONAL REQUIREMENTS……………………………………………..7 4.0 TANGIBLE AND INTANGIBLE BENEFIT…………………………………………..9 5.0 REFERENCE…………………………………………………...………………………10 1.0 INTRODUCTION 1.1 Context diagram In this assignment, I am required to develop a health club system in order to manage membership transaction. I will draw a context diagram and data flow diagram (level 0). Besides that, I will also describe the non-functional requirements that reflect the system characteristics as well as tangible and intangible benefit of the system. A Context Diagram in the field of software engineering and systems engineering is a diagram that defines the boundary between the system, part of a system and its surroundings, which shows the entities that interact with it. This...
Words: 1673 - Pages: 7
...Evolution of Knowledge Management toward Enterprise Decision Support: The Case of KPMG Daniel E. O’Leary Marshall School of Business, University of Southern California, Los Angeles, CA, USA Realizing that knowledge and its proper management are essential for effective decision support, this chapter traces the evolution of knowledge management within a major professional services firm – KPMG. By supporting decision making, computer-based systems for managing knowledge can impact organizational performance and the very nature of the organization itself. Here, we examine a progression of knowledge management systems at KPMG, beginning with the 1997 condition of having disparate or no knowledge management systems and culminating with an enterprise-wide integrated system accommodating both locally and globally managed knowledge. Strategically, knowledge-management advances were used to transform the firm from being a confederation of local enterprises to a global enterprise. This chapter investigates why KPMG pursued the development and implementation of a global knowledge management system. In addition, it summarizes some of the key capabilities and technologies of the resulting knowledge management system, K-World. This chapter also examines some key implementation issues. Finally, the chapter investigates two key problems emerging from the use of the system after its introduction: search and client confidentiality, plus some of the emerging extensions for K-World. Keywords:...
Words: 10206 - Pages: 41
...who, from possessing in a high degree the spirit of patriotism, fidelity, obedience, courage, and sympathy, were always ready to aid one another, and to sacrifice themselves for the common good, would be victorious over most other tribes” (Darwin, 1871/1981). His work about the antecedent of men pointed out to the importance of shared moral values as an element for the survival of certain tribes. These findings in the context of evolution are still valid and appropriate in the context of building high productivity teams in firms as a competitive advantage. Organizations have to cope with today’s complexity of a global business environment. Meeting this challenge requires a high degree of flexibility in companies in order to adapt to constantly, rapidly changing external factors. The globalization forces companies to develop new organizational structures to deal with the competitive pressure by improving their quality and efficiency. Teams, defined as “a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable” (Katzenbach and Smith, 1993), have been considered for the last forty years to be an integral part of organizational...
Words: 1758 - Pages: 8
...[pic] ASSIGNMENT SUBMISSION FORM Treat this as the first page of your assignment Course Name: Competitive Strategy Assignment Title: Project – Globalization Problems faced by Starbucks – Focus on Europe (Let us not waste paper, please continue writing your assignment from below) Table of Contents Executive Summary 3 Industry structure – Porter five forces analysis 4 Company background 5 Globalization strategy [1995-2008] 9 Performance in EMEA 11 Findings and analysis 13 References 27 Executive Summary This study is focused on Starbucks, the world’s largest coffeehouse company. The company has the knack of finding the magic formula for every aspect – be it customer satisfaction, innovative marketing or smart partnerships. Given the brilliant performance that Starbucks found in the US, success should have been a foregone conclusion in other geographies as well. Despite all the positives, it could not replicate the same degree of success in Europe as it enjoyed in the US. This study has analyzed the factors which might be held accountable. The aggressive policy of opening stores worldwide to achieve inimitability of its business model, loss of control over the cost of operations, the stock market’s notional correlation of success with number of stores, over-reliance on Seattle management causing a lack of decentralization of key decision-making power...
Words: 4723 - Pages: 19
...Valuation Fundamentals Table of Contents www.finaticsonline.com Table of Contents > > > > > Introduction – Concept of Fair Value – Who uses Valuation? Valuation & Wealth Maximization Valuation Approaches Valuation Methods Is there a ‘Best’ method? > > Which method is best suited ? – Public vs Private Company – By Scenario – By Sector Valuation FAQs – General – DCF – Comparables Press Alt, W, F for maximizing viewing area Equity Valuation Fundamentals Introduction – Concept of Fair Value www.finaticsonline.com At Finatics, we define Equity Valuation as “A process that involves determining „Fair Value‟ of a company‟s equity in order to assist buy/sell decisions for the purpose of Financial or Strategic Investment ” So what is Fair Value of an investment? How should the worth of an Investment be determined ? …(Contd) Put Simply, Fair Value is the price at which, one will get the desired rate of return when the investment is sold to a willing & able buyer. The worth of an investment is determined by whether it is meant for long term use to generate returns (i.e. Strategic Investment) or for resale when the „right price‟ or „fair value‟ is achieved (Financial Investment). The purpose of Valuation is to determine a fair value range of an investment (or capital asset) using one or more of several available techniques As discussed, investment related demand will be driven by expected return resulting...
Words: 5037 - Pages: 21
