...Explore the differences in the Japanese and western investment decision-making processes and the conflicts that arise from there a. Difference in financial theory: American’s companies believed that maximization shareholders wealth were realistic and necessary for the growth of the company. This means that the company’s only social responsibility is to maximize profits; its main responsibility is operate for the best interest of shareholders, the company’s true owners, by maximizing returns. Under this theory, when a firm distributes its wealth for other social causes, it is creating additional business costs at the expense of shareholders, resulting in lower net income. According to this theory, the objective of a firm is to maximize its value to its shareholders. For a public company, value is represented by the market price of stock. Therefore, its main goal would be driving the stock price and dividends as high as possible. The practice, in turn, signals to management that long term profits are not as important as the present value of the company’s stocks and profits as the company’s value is being judged at market price of its stocks. Thus, all investment return is measured by the sum of cash flows, capital gains and dividends for a given level of risk. Having this Western business philosophy, Walt Disney walked into the negotiation with only their shareholders’ interest in mind. They refused to compromise or lower the terms for Tokyo DisneySea...
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...MINISTRY OF POWER AND MINERAL RESOURCES OF THE REPUBLIC OF KAZAKHSTAN APPROVED by Prikaz No 189 of the Minister of Power and Mineral Resources of the Republic of Kazakhstan, as of August 26, 2004.) REGULATIONS ON ELECTRICAL INSTALLATIONS OF THE REPUBLIC OF KAZAKHSTAN (PUE) Astana, 2003 TABLE OF CONTENTS SECTION 1: GENERAL REGULATIONS 10 CHAPTER 1.1: GENERAL 10 SCOPE, TERMS AND DEFINITIONS 10 GENERAL REGULATIONS FOR INSTALLATION OF ELECTRICAL EQUIPMENT 11 CONNECTION OF ELECTRICAL INSTALLATIONS TO THE POWER STATIONS 13 COMMISSIONING OF ELECTRICAL INSTALLATIONS 14 CHAPTER 1.2 POWER SUPPLY AND POWER SYSTEMS 14 SCOPE, DEFINITIONS 14 GENERAL REQUIREMENTS 14 CATEGORIES OF POWER CONSUMING DEVICES AND RELIABILITY OF POWER SUPPLY 15 VOLTAGE LEVELS AND CONTROLS, REACTIVE POWER COMPENSATION 16 CHAPTER 1.3 SELECTION OF CONDUCTORS: HEATING, CURRENT DENSITY AND CORONA DISCHARGE CONDITIONS 16 SCOPE 16 SELECTION OF CROSS-SECTION OF CONDUCTORS: HEATING 17 MAXUIMUM CONTINUOUS CURRENTS FOR WIRES, CORDS AND CABLES IN RUBBER OR PLASTIC INSULATION 18 MAXIMUM CONTINUOUS CURRENTS FOR CABLES IN IMPREGNATED PAPER INSULATION 22 MAXIMUM CONTINUOUS CURRENTS FOR BARE WIRES...
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