...Reporting Practices and Ethics HCS/405 2/5/2012 Reporting Practices and Ethics Financial management in healthcare is the management of monetary inflows and outflows of the organization. Financial management plays a very important role in the success or growth of an organization as it relates to the funds or profits of the organization and supports the company’s pursuit of high performance goals and achievements. It is important for financial professionals to remain complaint with the rules and regulations while practicing ethical values within the organization. There are four elements of financial management: planning, controlling, organizing, and directing, each element is divided based on the principle of each mission. Planning requires the financial manager to identify and understand the organizations main objectives in order to classify the steps required to achieve these objectives. Controlling requires the financial manager to ensure the plan is being followed. Once the plan has been implemented the financial manager needs to make sure each area or department of the organization is following the plan. Reports or other forms of feedback are often conducted in order to identify which area of the organization needs attention. Organizing, the financial manager assembles the required resources in order to achieve the organizations objectives and decides how to use them...
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...MANG INASAL PHILIPPINES, INC. I. Background of the Company MANG INASAL - Philippine's fastest growing barbeque fast food chain, serving chicken, pork barbeque and other Filipino favorites, was first established on December 12, 2003 in Iloilo City. Mang Inasal comes from two word’s MANG - Local word for “Mister” and INASAL – Ilonggo word for barbecue, a popular dish in Visayas. MangInasal-is a Pinoy quick-service restaurant that originated in the City of Iloilo and was able to compete with other existing food chains nationwide. Currently, there are 464 branches nationwide and with over 10,000 employees system wide. MANG INASAL is doing its share in alleviating the unemployment burden of the country. The presence of every MANG INASAL in a certain area provides not only employment but also opportunities to community members including suppliers of kalamansi, charcoal, banana leaves, vegetables, bamboo sticks, and other ingredients. It also indirectly gives income - generating activities to many. MILESTONE: * Mang Inasal’s First Company Owned store: Robinson’s Place Iloilo on December 12, 2003 * First store in Manila: SM Mall of Asia on September 15, 2006 * 100th Store at Kalibo on January 9, 2009 * 200th Store Plaza Miranda Quiapo December 21, 2009 On its 6thyear, Mang Inasal built a total of100 stores in one year from 2008 to 2009. Mang Inasal capitalized on giving livelihood to the people around its surrounding communities Mang Inasal has set a significant example...
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...Introduction to Mang Inasal A. Company Profile Edgar Sia II, then 20 years old, took the entrepreneurial path when he founded Mang Inasal and began its operations in Iloilo City, Philippines on December 12, 2003. The restaurant initially offered chicken inasal to its clientele which was well-received by the Ilonggo people. As time went on, it offered more Filipino-inspired cuisine to the mass market. As such, the driving force behind Mang Inasal’s exponential growth lies in its uniquely Filipino food offerings, its value for money and its serving of unlimited rice for customers. All these factors add up to create Mang Inasal’s distinct brand identity, which has led to its becoming one of the country’s fastest growing fastfood chains. Fast forward to seven years later, the company currently has 223 branches around the country, with its management aiming to expand to 500 branches by the year 2012, with a hundred new stores opening annually. The company offers Paborito Meals and Sulit Meals to its customers, as well as Palamig Selections, Merienda Meals and other well-loved Filipino viands. The Paborito Meals are categorically more expensive compared to the Sulit Meals, whose lowest offering is at an affordable 49 pesos. However, their serving portions are bigger compared to the Sulit Meals. Mang Inasal also offers traditional Filipino dishes such as the Beef and Bangus Sinigang, Bangus and Pork Sisig, and Dinuguan, Halo-Halo, among many others. Mang Inasal promotes sustainable...
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...CASE – 1 Dabur India Limited: Growing Big and Global Dabur is among the top five FMCG companies in India and is positioned successfully on the specialist herbal platform. Dabur has proven its expertise in the fields of health care, personal care, homecare and foods. The company was founded by Dr. S. K. Burman in 1884 as small pharmacy in Calcutta (now Kolkata), India. And is now led by his great grandson Vivek C. Burman, who is the Chairman of Dabur India Limited and the senior most representative of the Burman family in the company. The company headquarters are in Ghaziabad, India, near the Indian capital New Delhi, where it is registered. The company has over 12 manufacturing units in India and abroad. The international facilities are located in Nepal, Dubai, Bangladesh, Egypt and Nigeria. S.K. Burman, the founder of Dabur, was trained as a physician. His mission was to provide effective and affordable cure for ordinary people in far-flung villages. Soon, he started preparing natural remedies based on Ayurved for diseases such as Cholera, Plague and Malaria. Due to his cheap and effective remedies, he became to be known as ‘Daktar’ (Indianised version of ‘doctor’). And that is how his venture Dabur got its name—derived from Daktar Burman. The company faces stiff competition from many multi national and domestic companies. In the Branded and Packaged Food and Beverages segment major companies that are active include Hindustan Lever, Nestle, Cadbury and Dabur. In case...
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...Mang Inasal: Humble Stories and Where They Are Today!!! The epitome of success could never be achieved if one did not set a foot at the bottom of the staircase. Did you know that Mang Inasal, one of the most preferred dining places of the Filipinos today, can prove this? Where Did Mang Inasal start? Establishing its first branch in a 3-year-old unoccupied space in Robinsons Mall Carpark, Iloilo on December 12, 2003, Mang Inasal quickly became a hit for the Ilonggos. Of course, it would not be done without the efforts of its owner, Mr. Edgar Sia II. After conducting a research on what could be the common “taste” of the 16 regions in the Philippines, Sia figured out that “barbecue” (or simply, Inasal in Ilonggo) is the mass appeal—a feat that has been capturing the hearts and empty stomachs of the Filipino people. Before enterprising his business to Luzon, specifically in Manila, Mang Inasal opened its second outlet in Roxas City, Sia’s hometown. With this, his business bloomed in the provinces to 26 branches; a proof that his Inasal has really caught the Filipino tastebuds. In 2006, he finally opened his outlet in Manila, a venture that he referred to as the “make-or-break” city. It was during this year when the city was in the middle of rice shortage (and as we all know, rice is a primary food for the Filipinos). This was where he opened the “Unli Rice” promo, which was only supposed to run for two months. Seeing that it has attracted more customers, the promo became...
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...Mang Inasal: Humble Stories and Where They Are Today!!! The epitome of success could never be achieved if one did not set a foot at the bottom of the staircase. Did you know that Mang Inasal, one of the most preferred dining places of the Filipinos today, can prove this? Where Did Mang Inasal start? Establishing its first branch in a 3-year-old unoccupied space in Robinsons Mall Carpark, Iloilo on December 12, 2003, Mang Inasal quickly became a hit for the Ilonggos. Of course, it would not be done without the efforts of its owner, Mr. Edgar Sia II. After conducting a research on what could be the common “taste” of the 16 regions in the Philippines, Sia figured out that “barbecue” (or simply, Inasal in Ilonggo) is the mass appeal—a feat that has been capturing the hearts and empty stomachs of the Filipino people. Before enterprising his business to Luzon, specifically in Manila, Mang Inasal opened its second outlet in Roxas City, Sia’s hometown. With this, his business bloomed in the provinces to 26 branches; a proof that his Inasal has really caught the Filipino tastebuds. In 2006, he finally opened his outlet in Manila, a venture that he referred to as the “make-or-break” city. It was during this year when the city was in the middle of rice shortage (and as we all know, rice is a primary food for the Filipinos). This was where he opened the “Unli Rice” promo, which was only supposed to run for two months. Seeing that it has attracted more customers, the promo became...
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...ASA University Review, Vol. 4 No. 1, January–June, 2010 Measuring Service Quality: A Comparative Analysis Between Standard Chartered Bank and Dhaka Bank Mohd. Takdir Hossan* Abstract This study compares the quality of services provided by Standard Chartered Bank and Dhaka Bank Ltd in Bangladesh. The premise of the paper is that the quality of bank’s services would be contingent on the incentive structure under which these institutions operate. Since banks are not subsidized and depend on income from clients, they would be more motivated to provide quality services to clients to meet their needs more effectively and efficiently. This premise was supported. Customers’ perception of service quality and key demographic characteristics were also used to predict choice of banks. Key Words: Customers Expectation, Perception and Satisfaction Introduction The Jews in Jerusalem introduced a kind of banking in the form of money lending before the birth of Jesus Christ. The word 'bank' was probably derived from the word 'bench' as during ancient time Jews used to do money-lending business sitting on long benches. First modern banking was introduced in 1668 in Stockholm as 'Svingss Pis Bank' that opened up a new era of banking activities throughout the European mainland. In the South Asian region, early banking system was introduced by the Afghan traders popularly known as Kabuliwallas. Muslim businessmen from Kabul, Afghanistan, came to India and started money lending business in...
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...* How does Zipcar’s business model motivate its customers and its partners (such as the cities, businesses, and universities it partners with) to participate with its business? One scale of 1 to 5 (5 is high), how motivated do you think each group is to do business with Zipcar and help it succeed? * At the beginning of this chapter, the statement is made that “at its simplest level, a business model is a story of how a company operates.” Do you think Zipcar has a good story to tell? When it goes to a city, a business, or a university to pitch its idea, do you think its easy or hard for Zipcar’s employees to clearly explain what it does and what the benefits of its service are? * At the beginning of this chapter, the statement is made that “at its simplest level, a business model is a story of how a company operates.” Do you think Zipcar has a good story to tell? When it goes to a city, a business, or a university to pitch its idea, do you think its easy or hard for Zipcar’s employees to clearly explain what it does and what the benefits of its service are? * At the beginning of this chapter, the statement is made that “at its simplest level, a business model is a story of how a company operates.” Do you think Zipcar has a good story to tell? When it goes to a city, a business, or a university to pitch its idea, do you think its easy or hard for Zipcar’s employees to clearly explain what it does and what the benefits of its service...
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...CASE 2: JUAN AND MARIA SANTOS Presentation of the Case: Facility Applied for: P1, 500, 000 Revolving Credit Purpose of Loans: Additional Working Capital Collateral: House and Lot in a subdivision beside Ayala Alabang Appraised Value: Lot sq. meter P 1, 540, 000.00 House P 1, 200, 000.00 Fence/Landscape P 100, 000.00 Total P 2, 840, 000.00 Loan to Security Ratio (LSR) 53% Debt to Burden- For interest only 17% versus 25% guideline Facts of the Cases: * Age(s) Juan- 37 y/o Maria- 35 y/o Son (dependent)- 7 years studying at La Salle * Clients are depositors of Paranaque Branch with STD of $20, 000.00 * Other Asset(s) 2 cars. A 2-year old car financed by BA finance (good credit checking) and 3-year old car Source(s) of Income: * Fast food Business in Mandaluyong selling BBQ, siopao, mani, goto. One year in operation. Net income of 24, 000.00 a month * Uno Marketing retailing medical products with 2 branches (Mandaluyong and Paranaque) including drug store operations. Net income of P 120, 000.00 per month. Total income is P 144, 000.00 per month. Deviation Request: Waiver of submission of Statements- Income to be taken as claimed by the clients Questions: * Should the creditor approve the loan request? * What are the risks involved? I. Point of View In creditor’s point of view, the facility applied for a P 1, 500, 000.00, revolving credit for the purpose of an additional working capital. Revolving credit is the...
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...THESIS ABSTRACT TITLE: IMPACT OF MANG INASAL’S ADVERTISEMENT IN THE BUYING BEHAVIOR OF THE CUSTOMERS RESEARCHERS: Austria, Catherine P. Omanito, Kevin M. ADVISER: Dexter A. Sembrano, M.A.T. Summary This study was conducted to determine the impact of Mang Inasal’s advertisement in the buying behavior of the customers. The study utilized the descriptive method of research. Samples were taken purposively. An adopted and researcher-made questionnaire based on the related literatures and studies cited was used as main instrument for survey. Modification was made on the final questionnaire based on the suggestions and recommendations given by experts. It undergone validation and pre-testing. The respondents of the study were 149 customers in Mang Inasal’s three (3) branches in Dasmarinas City ( Volets, SM and Robinsons). The study was conducted in September 2011. Percentage, frequency distribution, weighted mean, and Analysis of Variance (ANOVA) were the statistics used in order to answer the specific problem of this study. The hypothesis tested using ANOVA was “There is no significant difference between the impact of the Mang Inasal advertisement in the buying behavior of the respondents and their profile.” Specifically, it sought answers to the following: 1. What is the profile of the respondents according to: 1. Educational Attainment 2. Type of Job 3. Employment Status 4. Monthly...
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...Milestone 1-3 Social Networking at Disney DeVry University Fall 2011 Social Networking at Disney ------------------------------------------------- Milestone 1 Problem: Is social networking actually working? Costs of using social networking are almost free, but with the increasing popularity, this is now a full-time position(s). Are the costs worth the return in investment? Approach: Milestone 1 will focus on Walt Disney World Parks, Disney Cruise Line, and Disney Vacation Club’s social networking on Facebook. I will review their posts during the first part of November, and give my opinion on the best, average, and worst posts based on the number of likes. I will also analyze each of those posts with the stats, and my opinion if it is a good business decision for social networking. Methodology: Disney posts many postings on Facebook each day. First we will focus Walt Disney World Parks use on Facebook. Walt Disney World (WDW) consists of four parks, (Magic Kingdom, EPCOT, Hollywood Studios, and Animal Kingdom), and two Water Parks (Typhoon Lagoon and Blizzard Beach). Next we will focus on Disney Cruise Line (DCL) which consists of four cruise ships (Disney Wonder, Disney Magic, Disney Dream, and Disney Fantasy (sets sail March 2012)). Third we will focus on Disney Vacation Club (DVC), which is similar to a timeshare. DVC consists of 11 resorts. ...
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...strengths and weaknesses of the underlying business model of Mang Inasal. In the new business of franchising, it is critical to develop evaluation, documentation, training, mentoring and consulting skills, all within an ongoing, long term franchise relationship. The study will conduct analysis of opportunities and trends in franchising Mang Inasal to be able forecast the profit of the business. Once the market analysis are done , it would be better to developed realistic financial status of the business. These projections will help to determine the financial feasibility of the venture. Starting up a business in franchising requires to track the record of the existing business, and that is the first step in business planning. After evaluating the business, the study should consider how much is the starting capital to develop the franchise concept. The franchise fee of Mang Inasal is P1.1 Million + 12 VAT. It includes tried and tested operation support, use of brand/ trade name, opening marketing support and training support.The franchise term is 7 Years (Renewable) the space requirement is 150 to 200 Sq. Meters. The royalty/service Fee is 5% of Gross Sales, while the advertising Fee is 2% of Gross Sales. The Sources of Financing will be Php 7,000,000. the Corporation will put in P 5,000,000. The remaining will be borrowed from the bank. OBJECTIVE The objective of the study is to understand the business concepts of Mang Inasal to be able to forecast the profitability of the business...
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...Kultural na Sanaysay: Isang Pagsusuri Sa Mito ng Mang Inasal Kailan lamang ay nauso ang mga chicken barbeque houses dito sa Pilipinas. Kahit saan ka lumingon ay mayroon kang makikitang manukan. Isa na sa mga ito ang Mang Inasal. Ang Mang Inasal ay isang barbeque fastfood chain dito sa Pilipinas na naghahain ng chicken barbeque, pork barbeque at iba pang mga pagkaing Filipino. Una itong itinatag noong December 12, 2003 sa Iloilo City. Nagsimula ito bilang isang maliit na fastfood kiosk na may laking 250 sqm sa parking building ng Robinsons Place Iloilo. Sa kasalukuyan, ang Mang Inasal ay mayroong 445 na branches sa buong bansa. Naging patok ang Mang Inasal sa panlasa ng mga Filipino. Maituturing na kulturang popular sa Pilipinas ang Mang Inasal dahil sa kanyang mga katangian. Ang unang katangian ng fastfood chain na ito ay nilikha ito para sa kita. Sa katunayan, ang nagmamayari ng Mang Inasal na si Edgar Sia ay pinangalanang pinakabatang bilyonaryo ng Forbes’ “The Philippines 40 richest” noong 2010 nang ibenta niya ang 70% nito sa Jollibee. Ang pangalawang katangian nito ay ang pagkakaroon nito ng mga advertisement na makikita natin sa iba’t ibang klase ng media tulad ng print at broadcast. Isa sa mga konseptong kinakatawan at binabalot ng Mang Inasal sa kaniyang sarili ay ang kaniyang pagka-Filipino. Makikita natin ito sa menu ng Mang Inasal. Dahil ang kanilang mission ay “To consistently provide our customers...
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...độc lập dân tộc gắn liền với chủ nghĩa xã hội là bài học lớn, xuyên suốt quá trình các mạng Việt Nam, là con đường đúng đắn mà Đảng và dân tộc Việt Nam đã lựa chọn. Độc lập dân tộc gắn liền với chủ nghĩa xã hội là tư tưởng chính trị đặc sắc, là sợi chỉ đỏ xuyên suốt và bao trùm trong di sản tư tưởng Hồ Chí Minh. Tư tưởng đặc sắc ấy thể hiện nhất quán mục tiêu của con đường cách mạng mà Người đã lựa chọn. Nó vừa đáp ứng được yêu cầu của dân tộc và khát vọng của quần chúng nhân dân giành lấy độc lập, tự do, hạnh phúc và giải phóng cuộc đời lầm than, đói khổ dưới ách thống trị tàn bạo của chủ nghĩa thực dân, đế quốc và bè lũ tay sai. Tư tưởng ấy đã đưa dân tộc ta đến độc lập, tự do, hai miền Bắc – Nam thống nhất và ngày nay đó là nguồn sức mạnh trong sự nghiệp xây dựng Việt Nam xã hội chủ nghĩa: dân giàu, nước mạnh, công bằng, dân chủ, văn minh Độc lập dân tộc gắn liền với chủ nghĩa xã hội phản ánh tính triệt để cách mạng của tư tưởng Hồ Chí Minh. Tư tưởng đó đặt vấn đề giải phóng con người, hạnh phúc của con người ở mục tiêu cao nhất của sự nghiệp cách mạng. Lựa chọn con đường cách mạng vô sản là sự thống nhất giữa điều kiện khách quan với nhận thức và hoạt động chủ quan của Hồ Chí Minh. Đó là sự gặp gỡ của thời đại và Hồ Chí Minh, đồng thời cũng là đóng góp to lớn nhất của Người với thời đại, đặc biệt là đối với các nước thuộc địa và phụ thuộc. Đi theo con đường cách mạng vô sản, cách mạng giải phóng dân tộc khỏi ách nô dịch của chủ nghĩa thực dân, giải phóng quần chúng lao...
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...On an afternoon, in the quarters of the sakadas, Mang Sixto is playing a guitar with the chords of an emotional song, "Walay Angay", while her daughter, is playing outside the quarters. They were indifferent of each other for a while, but there is a sudden change in the mood of the two. The daughter of Mang Sixto finally notices the chords that her father was playing and along with the music is her father's very emotional presence. They were then engaged in a sudden conversation. The daughter interrogated her father of the about the sad song he was playing along with his guitars. Her father told her that he was nostalgic. The daughter then realized, it was the memory of her past away mother that was bothering her father. Mang Sixto somehow both agreed and disagreed to the girl's realization. But before her daughter was able to continue, Mang Sixto interrupted with his story of grief and loss of his wife and her beloved mother. But Mang Sixto ended the story with a joke that did not made her daughter burst into laughter but rather, a sudden dislike and disapproval. The joke which contains the love of Mang Sixto for another woman. Mang Sixto then compensated the feeling of her daughter with a change of mood in the music, where Mang Sixto is already playing a different tune, the tune that made her daughter dance and forget what had just happened. Then Mang Sixto confessed to his daughter his true feelings for the loss of her beloved wife, which was relevantly played through his music...
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