...Why shares of NEC Electronics, a publicly listed subsidiary of Japanese conglomerate NEC traded at a discount to their fundamental value? Maybe Perry Capital, the U.S. hedge fund, the restructuring of the subsidiary and to generate significant profits? This event gives students the opportunity to analyze the decision to invest in Perry NEC Electronics. However, he asked the reasons that the NEC can take actions that destroy value and shift the value of minority shareholders Nese. Events covered allow discussion of how the concentration of ownership hinders restructuring alternatives like hedge fund investors can resist the controlling shareholders, and as underestimating the cost of institutions can lead to ownership structure, which allows the expropriation of minority shareholders. Why do shares in NEC Electronics, a publicly listed subsidiary of Japan conglomerate NEC trade at a discount to their fundamental value? Can Perry Capital, a U.S. hedge fund, restructure this subsidiary and generate significant returns? This case provides students with an opportunity to analyze Perry's decision to invest in NEC Electronics. In doing so, it asks for the reasons that NEC might take actions that destroy value and shift value away from NECE's minority shareholders. The events covered allow for a discussion of how ownership concentration constrains restructuring alternatives, how hedge fund investors might confront controlling shareholders, and how the mis-pricing of agency costs can...
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...Case Study IKEA “We chose UNIVERGE® SV8100 because you get exactly what you need - nothing more, nothing less. But also with a completely open road to future expansion and add-ons. The Business ConneCT call handling system was also way ahead of anything else I’ve seen. Although it is very advanced it is also very easy to customise to our daily changing parameters.” Ölvir Styrr Sveinsson Customer IKEA, Iceland Industry Furniture retailing Challenges • Call response efficiency Solution • UNIVERGE® SV8100 • Business ConneCT • 60 DECT handsets • 12 SIP-based Access Points Results • Six-fold increase in service level IT Manager, IKEA Iceland Challenges The Icelandic store of the world’s biggest furniture retailer IKEA has more than 250 employees and services a population of 320,000 people. Each day hundreds of telephone enquiries come in from customers asking about opening times, product delivery schedules, installation issues and many other topics. As a famously customerfocused organization, IKEA wanted to answer all of these calls as quickly, efficiently and as friendly as possible. Unfortunately, the telephone system that the store was using had limited monitoring and reporting systems. So it was impossible to know how many customers were calling and how quickly they were being answered. And even more importantly, it could not indicate how many customers were abandoning their calls due to frustration of long queues. www.ikea.is www.nec-unified.com IKEA Solution After an in-depth...
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...Doing Business in Japan Japanese Leading Brands Vs. US Winning Japan Market MBA Iris 2012 Business with Japan January 26, 2013 Overview The Case Study Only a half decade ago the portable computer-laptops industry had thrive with the variable sizes, multifunctions, different weight, thickness and colors, manufactured by different vendors. (DELL, HP, Sony, Samsung, LG, Asus ...) Early 2007 when Apple introduced the first iPhone to the US market, there were already many kind of Smartphones in the market (HTC, Palm, Samsung..) but non of them created such a customer experience as the iPhone did. The iPhone became the ultimate portable office in the pocket of its owner. Sending and receiving emails and instant messages became easier, browsing content at the internet and navigation as well plenty application and capabilities. Everyone realized that the man with the iPhone will win – the iPhone became a big advantage for any business man. In addition, the leisure culture starts changing. The ease of browsing internet content with the iPhone anywhere, accessing Facebook and reading emails was significant. Playing gaming at you free time with the iPhone became an addiction to everyone. Apple with great precision has read the map and introduces the first iPad on 2010 which became a game change in the portable PC industry. With a larger screen size, the iPad was the ultimate entertainment...
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...Introduction Emerging markets are more important than ever in nowadays international businesses, they are increasingly making up a large share of many multinationals’ revenues and growths. Many multinationals believe their future success depends on how well they can master and win in these markets, they project share in their business based in emerging markets will increase 20-50% more in the next decade (Choudhary et. al., 2012). This study aims to reveal the motivations behind the multinationals and how multinationals succeed and fail in emerging markets with reference to relevant theories and examples. Theory of Multinational There are many theories analyzing why firms start to engage in foreign direct investments, the Eclectic Paradigm is a more integrated and general approach amongst the various, it explains how the multinational firms make their decisions and strategies by considering the Ownership Advantages (O), Location Advantages (L) and Internalizations factors (I). The theory incorporates ideas of market failure, location advantages and industrial organizations and is thus more holistic approach. The “O” paradigm explains why firms decide to start investing abroad because of possessing ownership-specific advantages relative to domestic firms, and the benefits can outweigh the transaction costs of operating in foreign markets and overcome the competitions of domestic firms, which lead to higher profitability with reduced costs. Examples of ownership-specific...
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...The Globalization and IHRM of Lenovo ⅠIntroduction Lenovo Group Limited is a Chinese multinational personal technology company that develops, manufactures and markets desktop and notebook computers, workstations, servers, storage drives, IT management software, and other related products and services. Lenovo was incorporated in Hong Kong in 1988 under its previous name, Legend.[1] Lenovo's principal operations are located in Morrisville, North Carolina, Beijing, China and Singapore. (Global Headquarters : The United States Raleigh ( North Carolina Research Triangle Park ) (The main R & D centers: Beijing, China, Japan and Japan, Shanghai, Shenzhen and the United States, North Carolina, Raleigh (Production base and assembly facilities: Beijing, Shanghai, Huiyang and Shenzhen; India's Pontiac Lee (Pondicherry,); Monterrey, Mexico (Monterrey,); the United States Greensboro (in Greensboro); and in the global contract manufacturing and OEM Lenovo is the world's second largest PC maker and markets the ThinkPad line of notebook PCs and ThinkCentre line of desktops. These brands became part of Lenovo's offerings after its 2005 acquisition of IBM's personal computer business. Lenovo also sells the IdeaPad line of notebook computers. Lenovo markets its products directly to consumers, small to medium size businesses, and large enterprises, as well as through online sales, company-owned stores, chain retailers, and major technology distributors and vendors. 1.Joint ventures,...
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...requirements •materials •amount of mechanical protection required •finishes •plenum requirements Load capacity The maximum cable load allowed on the system is called the load capacity. Span (the distance between supports) and load (the maximum cable weight) dictate the load capacity of a cable-support system. Different standards may use different terms when referring to load capacity but it all boils down to span and cable weight. Although load capacity can be measured in various ways, the most common methods are based on standards produced by Telcordia Technologies, the National Electrical Manufacturers` Association (NEMA), and the National Electrical Code (NEC). The Telcordia standard was designed for cable runway, limiting a span to 5 feet in most cases, but allowing 6-foot spans in certain exceptional cases. The standard refers to cable fill as pile-up, which changes...
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...Provided below is an index of Amtrak’s Major Information Systems. These systems are arranged alphabetically, and a brief description of each system has been provided. Accounting Material Procurement System (AAMPS) is a multi-modular, fully integrated online, real time mainframe resource. AAMPS provides electronic requisitioning; distribution; resource planning; forecasting; inventory control; material accounting; real-time material balances on hand; bid preparation; and purchase order entry, receipt, and payment. AAMPS also includes an electronic data interface translator for the transmittal of procurement documentation and accounts payable disbursements. ARROW is Amtrak’s automated reservation and ticketing system. It is a multi-functional system that operates in a mainframe environment and is used to maintain train reservation inventory and is accessed by Amtrak agents as well as a variety of distribution channels to create customer reservations. Its features include automatic pricing, low fare finders, automatic printing of ticket coupons, and real-time verification of credit and debit cards. Data is provided to other Amtrak systems for accounting, billing, and statistical analysis purposes. ARROW is also used operationally to produce passenger manifests and to track train departure status. Client Server Infrastructure (including Active Directory) is the solution that Amtrak uses for the majority of its client server data repositories, print facilities, and databases. The...
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...SHARMA (09FT-139) SURESH HARI (09FT-157) TRIPURAJ SINGH (09FT-164) ABHIRAM V (09FT-178) EXECUTIVE SUMMARY The report studies the consumer durables industry in India. The report is divided into two parts 1. The industry analysis 2. The corporate analysis INDUSTRY ANALYSIS: The report covers the following details on the consumer durables industry. * Market Value * Market Segmentation * Macroeconomic indicators * Competitive forces * Market forecast * Competition * Key drivers * Challenges CORPORATE ANALYSIS The company that has been analysed is Samsung Electronics. Samsung electronics is the flagship subsidiary of the Samsung group. The reason we chose Samsung is that it is also conglomerate similar to AVG group with diversified interests in manufacturing, shipping, petrochemicals and financial services. The company has been able to venture successfully in alien businesses and soon become a major player in the industry. Since its entry in India in 2002, there has been no looking back for the company. It has grown from strength to strength. It is now one of the largest companies in consumer electronics and is also among the most profitable ones. It is now the leader in the TV market and is among the top three in most of the consumer durables segment. It has eight subsidiaries under the electronics division and each responsible for one product Eg Samsung Mobile display: This SBU is responsible for the manufacture of LCD’s...
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...CASE STUDY: BARCO PROJECTIONS SYSTEMS THE ISSUE Barco Projection Systems (BPS/Barco), a strong player in the Projection Systems business and the market leader in graphic projectors, were taken by surprise by competitor Sony’s offering of a superior graphics projector likely to be launched at a lower price. Barco needs to counter the new model by launching new and superior models quickly and re-pricing existing models. Team A’s rationale takes shape over the following pages. THE MAIN PLAYERS * Barco Projector Systems * Sony 5’ C’s ANALYSIS: Customers / Context / Company / Collaborators and Complementers / Competitors ANALYZING CUSTOMERS Customer for projection systems ranged across industry. Projection systems were used in training rooms and boards, in entertainment centres, in the gaming industry, and in airplanes and flight simulation rooms. Customers were sourced from a wide cross-section of industries. So the customer pool was huge, but also demanding. The products needed to keep up with constant improvements in computer and video technology. Customers typically bought a new projector every 5 years, and purchased more performance than needed because of the ever increasing computer scan rates. Focus needed to be on delighting customers and providing good after sales support because the repeat customers were important – for replacements every 5 years but more importantly as these customers expanded their...
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...“TRANSACTIONAL MODEL” Agenda • Brief Summary about the case • Global PC Industry • Lenovo: From Emerging to Surging • Key Challenges of Lenovo from the case • Recommendations Agenda • Brief Summary about the case • Global PC Industry • Lenovo: From Emerging to Surging • Key Challenges of Lenovo from the case • Recommendations Overview of Global PC Industry Overview of Global PC Industry • Since early 1980s, PC industry has been the most dynamic electronic industry sector • The global PC industry reached mature level by mid-1990s • Dell and Gateway starts their build-to-order strategies, resulted to the total supply chain respond swiftly to change • Emerge of e-commerce (online sales) hastened PC industry’s clock speed Overview of Global PC Industry • PC-makers enjoys high profits 1990, however, they experiences an extreme downfall in early of 2000 • In 2004, in order to maintain PC vendor’s market position, vendor consolidation can develop economies of scale in order to go into a global presence • Global PC industry currently affected by two major trends; commoditization which is about mass-produced and the absence of mid-market, which separate to the customers that demand cheapest products and that of exclusive products Agenda • Brief Summary about the case • Global PC Industry • Lenovo: From Emerging to Surging • Key Challenges of Lenovo from the case • Recommendations About Lenovo: From Emerging to Surging ...
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...explosion due to hydrogen build-up. All three hazards can be managed through a variety of design, monitoring, operational and maintenance procedures. Standards have been developed through National Electric Code (NEC), Federal Transit Authority (FTA), National Highway Safety Transportation Administration (NHSTA), Society of Automotive Engineers (SAE), and others. Committees are working on several areas where holes exist in the standards.2 5.4.1 Electrical Shock There is a danger of electrical shock with any motor vehicle should a mechanic or passenger come into contact with a live circuit under normal or fault conditions. With hybrid-electric buses, contact can come from electricity during battery charging (AC current) or discharging (DC current). If contact is made, the extent of injury will depend on the size, duration, frequency, and wave shape of the current. Conventional diesel buses make use of 12/24vDC and 220/240vAC. Hybrid drive buses operate at levels of power up to 400vDC and 600 amps. However, the risk of electrical shock can be mitigated through proper engineering, labelling, and safe maintenance practices. SAE standards have been developed to minimize electrical hazards associated with the design and manufacture of electric and hybrid-electric vehicles. The NEC and EPRI have developed standards to safeguard against shock from occurring during battery charging. For a complete list of regulations, standards and recommended practices, see Appendix C. These documents make...
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...DEVELOPING AND MANAGING VOTERS REGISTRATION SYSTEM Introduction Voters’ registration is a process in which qualifying citizens are registered in order for them to be eligible to vote in an election. Voters registration is a process whose output is the voters’ roll which is basically a list containing the necessary details of all individuals who are eligible to cast their votes in an election. Governments operating under democratic principles around the world have to invest in this process in order to ensure smooth transition of power when time comes. Elections have been a major source of violence and consequently wars when one side feels that it wasn’t given a fair chance in the process. With this in mind, it is important for states to have proper voters roll in order to carry out elections in a credible and peaceful manner. If this process is not conducted in a transparent and collaborative manner, the credibility of the election process will as well be put into jeopardy at the end of the day. It this process which sets the stage of an election to be acceptable or add more credible reasons to rendered the election as not free and fair. In Tanzania, early voters’ registrations involved writing details of voters in a ‘counter’ book and have that book retrieved for verification on the Election Day. Voters were not given any sort of identification for them to keep as a form of authentication; no photographs of the ‘would be’ voters were being taken or kept by the registration...
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...www.smartlabelsUSA.com THE 5th The Global Resource for RFID and Beyond Smart Labels, Smart Packaging & Printed Electronics Global Conference * Free Trade Fair * Master classes * Free Vendor Seminars * Networking Dinner 27-29th March Boston www.smartlabelsusa.com Welcome to Smart Labels USA 2006, informing and delivering the many applications of RFID smart labels. For enquiries contact Nicola Bateman n.bateman@idtechex.com or call + 44 (0) 1223 813703 www.smartlabelsUSA.com Now in its 5th Year Smart Labels USA - the must-attend RFID event of the year - is back in Boston, bigger and better than ever before. The Smart Labels world-series of events by IDTechEx provides renowned, independent, global-reach RFID information and solutions through conferences, masterclasses, seminars and trade expositions. The Smart Labels series address how RFID and allied technologies are developing and being used in the U.S and around the World. Smart Labels USA is the biggest global event uniquely drawing Executive Level Representatives from the LABEL, PRINTING, PACKAGING, CONVERTING and USER market, teaching; RFID impact on businesses across a wide range of applications such as retail, manufacturing, healthcare, airlines and airports, passenger transport, archiving… RFID implementation – experience from the experts Manufacturing RFID smart labels Cutting edge RFID smart label technologies RFID Market growth – what’s in it for you? In 2006, almost three times the volume...
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...Agency Costs, Mispricing, and Ownership Structure* Sergey Chernenko Ohio State University C. Fritz Foley Harvard Business School and NBER Robin Greenwood Harvard Business School and NBER March 2012 Abstract Standard theories of corporate ownership assume that because markets are efficient, insiders ultimately bear all agency costs that they create and therefore have a strong incentive to minimize conflicts of interest with outside investors. We argue that if equity is overvalued, however, mispricing offsets agency costs and can induce a controlling shareholder to list equity. Higher valuations may support listings associated with greater agency costs. We test the predictions that follow from this idea on a sample of publicly listed subsidiaries in Japan. Subsidiaries in which the parent sells a larger stake and subsidiaries with greater scope for expropriation by the parent firm are more overpriced at listing, and minority shareholders fare poorly after listing as mispricing corrects. Parent firms often repurchase subsidiaries at large discounts to valuations at the time of listing and experience positive abnormal returns when repurchases are announced. * We thank Malcolm Baker, Mihir Desai, Masako Egawa, Alp Ercil, Yasushi Hamao, Sam Hanson, Naoki Kamiyama, David Matsa, David Scharfstein, Andrei Shleifer, Jeremy Stein, Kenji Wada, Lucy White, and seminar participants at Georgetown, Harvard, IESE, the...
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...Case Study of Samsung’s Mobile Phone Business Boon-Young Lee∗ aliceboon@kdischool.ac.kr and Seung-Joo Lee∗∗ sjl@kdischool.ac.kr Abstract: This paper examines Samsung Electronics successful growth strategy in the mobile phone business. It examines its early efforts at developing a competitive product in the domestic market, its globalization strategies, and some of the key challenges it faces today. The paper provide insights into how a late-comer to an industry can overcome certain disadvantages and successfully position itself as a widely respected and successful brand. JEL classification: L 63, M10 Key words: Samsung, mobile phone, strategy ∗ MBA student, KDI School of Public Policy and Management Professor, KDI School of Public Policy and Management ∗∗ I. Introduction For Samsung Electronics, 2003 was a watershed year. It successfully positioned itself as one of the world’s best mobile phone manufacturers and its products were featured all over the media. Many were calling its mobile phones as “the best gift for Christmas”1 or “the Mercedes of mobile phones.”2 Samsung’s achievements were particularly remarkable considering that its primary focus had previously been in semiconductors and home appliances. Indeed, when it first made the decision to enter the mobile phone business, industry observers viewed the move as foolhardy and reckless. But, much to their surprise, Samsung’s foray into the market turned out to be a great success, contributing...
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