...503-S61 ABRIL 10, 1990 STEPHEN A. GREYSER NORMAN KLEIN El Retiro de Perrier: Una fuente de problemas El 11 de febrero de 1990, un artículo del New York Times informó que el día anterior se había suspendido la producción mundial de Perrier, la marca de agua embotellada importada más popular en los Estados Unidos. Según el New York Times, los distribuidores estadounidenses y canadienses también habían empezado a recoger todas las botellas existentes (aproximadamente 72 millones de botellas) en esos países. Posteriormente se informó que las ventas anuales de Perrier en los Estados Unidos eran de 300 millones de botellas, mientras que las ventas anuales mundiales eran de 1.100 millones de botellas. El artículo explicaba que aproximadamente ocho días antes, un laboratorio en Carolina del Norte había descubierto en muestras de agua Perrier embotellada seis meses antes, de 12,9 a 19,9 partes de benceno (un carcinógeno conocido) por mil millones de agua. El límite permitido por la FDA (Food and Drug Administration) de los Estados Unidos, era de cinco unidades de benceno por mil millones de unidades de agua. Ronald V. Davis, director general del Grupo Perrier de América, explicó la presencia de benceno como “un accidente muy extraño.” También dijo al reportero del New York Times que creía que el riesgo a la salud debido a la contaminación de las botellas era mínimo. Cuando se le preguntó acerca de la procedencia del benceno respondió “creemos saber, pero no vamos a decirlo hasta...
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...1.Vowels 모음 The vowels are based on sky, land, and human, which are regarded as the fundamental elements of the world according to Oriental philosophy. The vowels are based on these three characters, and they were made according to the principle of combination. Let’s learn Korean vowels. 모음 vowel 이름 name 음가 Phonetic value 연습 Practice ㅏ ㅑ ㅓ ㅕ ㅗ ㅛ ㅜ ㅠ ㅡ ㅣ 아 야 어 여 오 요 우 유 으 이 [a] as like ‘car’ 아 야 어 여 오 요 우 유 으 이 [ja] as like’ yahoo’ [eo] as like ‘up’ [yeo] as like’ young’ [o] as like ‘go’ [yo] as like ‘yo-yo’ [u] as like ‘moon’ [yu] as like ‘you’ [eu] as like ‘ taken’ [i] as like ‘ bee’ Page 1 of 12 2.Consonants 자음 The consonants are based on the structure and the shape of the organ used when pronouncing that consonant (mouth, lips, tongue, throat, and teeth). Let’s learn Korean consonants. 자음 consona nts 이름 name 음가 Phonetic value 연습 Practice ㄱ ㄴ ㄷ ㄹ ㅁ ㅂ ㅅ ㅇ ㅈ ㅊ ㅋ ㅌ ㅍ ㅎ 기역 giyeok 니은 nieun 디귿 digeut 리을 rieul 미음 mieum 비읍 bieup 시옷 siot 이응 ieung 지읒 jieut 치읓 jieut 키엌 kieuk 티읕 tieut 피읖 pieup 히읗 hieut [g/k] as like ‘goal’ [n] as like ‘no’ [d/t] as like ‘door’ [l/r] as like ‘lion/ rain’ [m] as like ‘mother’ [b/p] as like ‘boy’ [s] as like ‘sky’ [sh] as like ‘ship’ [no sound] [ng] as like ‘song’ [c/j] as like ‘jucy’ [ch] as like ‘chicken’ [k] as like ‘Korea’ [t] as like ‘tiger’ [p] as like ‘pie’ [h] as like ‘home’ ㄱ ㄴ ㄷ ㄹ ㅁ ㅂ ㅅ ㅇ ㅈ ㅊ ㅋ ㅌ ㅍ ㅎ Page 2 of 12 3.Double vowels 겹 모음 These characters...
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...First, a few basics on Hangul (Don't worry! You will be reading in Hangul perfectly extremely soon!). Hangul is an alphabet, just like the Roman alphabet English speakers use. The only two differences are Hangul blocks syllables, and there are no lowercase or capitalize letters in Hangul. The letter is always written the same, no matter when it is used. Characters will be stacked into squares to form each syllable. For example ㅎ, ㅏ, and ㄴ are three separate characters. But, as they would form one syllable, they would be written 한 instead of ㅎ ㅏ ㄴ. ㅎ + ㅏ + ㄴ= 한 want another example? ㄱ + ㅡ + ㄹ = 글 We then combine syllables to form words, just as we do in English. 한 + 글 = 한글 Recognize that word? That's right! It's Hangul . It consists of han (한) and gul (글). Two syllables. Six characters. As you begin to learn all the different characters, you will see how to construct the syllables properly depending on which character you are using. Just keep this one thing in mind. Every Korean word, syllable, anything...begins with a consonant. A vowel will always follow it, either positioned to the right of it, or below it. With each vowel, I will tell you where it should be positioned. Also, there will be 2,3, or rarely 4 characters in a syllable. 한 is one way of stacking, having the vowel to the right of the first consonant, with the third character under those two. 글 is the other main way of stacking, where the vowel falls below the first consonant, with the third character below...
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...Unit Seven – The Lennar Company Case Study Analysis Kaplan University School of Business MT460 Management Policy and Strategy Author: Edna McEwen Professor: Dr. Strouble Date: June 29, 2015 LENNAR CORPORATION’S JOINT VENTURE INVESTMENTS Company Name: The Lennar Company Topic of the Week: Create a case study analysis focusing on the company’s abuse and fraudulent activities relative to CSR and business ethics. Synopsis of the Situation The Lennar Company faces the damage caused by the Fraud Discovery Institute’s claims, the financial crisis, mortgage defaults, and dramatic fall in house prices, particularly in some of their active markets. The country is in the midst of an economic recession that began in 2007, and on top of that, the company has been accused of operating a ponzi scheme and profiting while allowing investors to lose money. On the day of the announcement by the Fraud Discovery Institute, the company’s stock price took a dramatic fall. The problem is, the person that founded the Fraud Discovery Institute is a ‘reformed’ crook who has made it his mission to expose fraudulent behavior of others as a way of redeeming himself from some of the negative things he has done. The question is, is he really reformed, or is this just another scheme he has plotted to gain access to company’s information so he can pounce when the company is most vulnerable. Alternative Solutions Since Lennar’s mission statement states...
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...LEADERSHIP Six Ways to Sink a Growth Initiative by Donald L. Laurie and J. Bruce Harreld FROM THE JULY–AUGUST 2013 ISSUE T he CEO is confronted with a dilemma: The revenue and profits of his company’s existing businesses are rising slowly, and the businesses have already slashed their costs as much as they dare. Because their markets are mature, he knows that the company must grow if the share price is to increase, but acquisitions are expensive and risky. So he launches a slew of initiatives in areas with high growth potential and appoints some promising young managers to lead them. To ensure that the new ventures aren’t stifled, he has their managers report to a special growth committee headed by a trusted staff executive and locates them a safe distance from the established businesses. Sound familiar? It should, because that story has played out at hundreds if not thousands of large and midsize companies over the past 20 to 30 years. But after working for, advising, and studying scores of companies, we have learned that this conventional wisdom about how best to pursue growth is a recipe for failure—which explains why most new businesses launched by established companies die, and why only a tiny fraction of companies around today, including major corporations, will be here in 25 years. All too often CEOs and their senior teams see managing today’s earnings as their main job and don’t spend enough time on the pursuit of growth and building the...
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...The Fruits of Legitimacy:Why Some New Ventures Gain More from Innovation Than Others Summary: New Ventures play a vital role in the development of any company.In addition,the actions of new ventures may even spur large, incumbent firms into action, thus accelerating the pace of technological change.The new ventures success depend upon their ability to produce new products.Sometimes even amongst the ventures producing the same good they have different fates.One of the difficulties faced by the new ventures is the liability of being new to the business. Potential stakeholders view firms in these industries with skepticism. An important way that new ventures can overcome the liability of newness and increase their gains from new products is by taking actions that provide them with legitimacy in the eyes of stakeholders. new ventures can gain legitimacy by creating associations with more established entities, either external or internal to the firm. Article Review: This article is written by Raghunath Singh Rao, Rajesh K. Chandy, & Jaideep C. Prabhu.In this study, the role of a variety of legitimizing actions have been highlighted and empirically tested. In order to legitimize the new ventures in the eyes of the stakeholders different actions can to undertaken.It has also been shown that these legitimizing actions may not always work together. Among internal means of gaining legitimacy, four types of actions has been proposed: historical, scientific, market, and locational...
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...ONSET Ventures - Harvard Business Review https://hbr.org/.../onset-ventures/898154-PDF-E... Harvard Business Review ONSET Ventures, is a venture capital firm focused on seed-stage start-ups. Describes ... Publication Date: March 17, 1998 Product #: 898154-PDF-ENG. ONSET ... [PDF]Measuring Sales - ONSET Ventures onset.com/assets/resources_mathclass.pdf Onset “venture coach” since 4/01. • SVP Operations, Tumbleweed Communications. – IPO 1999 (NASDAQ: TMWD). • Board member, Alier Inc. – Acquired by ... [PDF]Holiday Songbook - ONSET Ventures www.onset.com/wordpress/wp-content/.../ONSET_Holiday_2004.pdf THE ONSET. ARRANGED BY. ONSET VENTURES ... O Little Town of Menlo Park . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 4. 6. 8. 10. 12. THE ONSET ... [PDF]A Venture Capital Christmas Carol - ONSET Ventures www.onset.com/img/gfx/X-mas2001.pdf S crooge awakens from a nap to the vision of his departed colleague,. DotComVC. He warns, “I have spent two long years wandering the earth in these heavy ... [PDF]co-founders of diamondhead ventures join forces with onset ... www.dhven.com/news/documents/Announcement-October1.2007.pdf MENLO PARK, CA – October 1, 2007 – ONSET Ventures today announced that ... (IT) sector, will be synergistic with ONSET's venture craftsmanship focus, and. [PDF]Raising Money: Some Tips on Working with Venture ... ipo.lbl.gov/wp-content/uploads/sites/8/.../raising_money_whitepaper.pdf Now you want to raise venture money to get the...
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...1. Introduce the company and the product/service idea for the new venture. Heat Seekers Inc. is about to launch a new innovative product to consumers in various markets called the ESU coat. Consumer needs, taste, disposable income, and preferences are the standard drivers for continued advancements in the 21st Century. Technological advancements create windows of opportunity for an entrepreneur to accommodate the needs of the consumer. A venture “provides a complete overview of the product(s), service(s), and operations of a new innovation” (Hisrich, Peters, & Shepherd, 2010). We have advanced from campfires, wood burning stoves, hot water bottles, heating blankets, and the utilization of natural resources to heat our inhabitance, to now the technological development of solar powered green energy heating sources. Despite the advancements in technology the dilemma associated with personal on the go heated comfort are an under developed niche. The ESU coat gets even better; from a health perspective the ESU coat can also help to aid people who have poor blood circulation in the body. The ESU coat is a great quality product unlike no other currently offered by existing competitors which will sustain constant growth in a global market. It is a solar energized eco friendly coat with a personal temperature gauge control to adjust the degree of heat emitted. It does not require any batteries, plugs, or adaptors. It is insulated, portable, hypo allergenic, flame and water...
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...2531 ENTREPRENEURSHIP AND NEW VENTURES January 2015 PROFESSOR: G. Richard Patton 328 Mervis Hall grpatton@katz.pitt.edu Phone: 648-1568 SECRETARY: Pat Koroly 341 Mervis Hall 412-648-2250 Required Case and Reading Packet link: https://cb.hbsp.harvard.edu/cbmp/access/32240148 BSEO 2531 is to be a different experience for our MBA students. Most of your previous student experience has been focused on models and techniques that are typically applied in large organizations. BSEO 2531 will focus on a different aspect of the business environment--entrepreneurship. Consequently, this course will be structured differently than most other courses. Part of the course will involve the use of conventional case analysis, discussions and lectures. In addition, there will be guest speakers, time permitting. There are multiple objectives for the Entrepreneurship elective, including: 1. Understanding the process of New Venture Formulation 2. Studying the characteristics of successful entrepreneurs 3. Process and structure of business plan development 4. Understanding sources and methods of financing new business ventures 5. Opportunities to apply functional skill (marketing, finance, accounting, etc.) 6. Networking in the Pittsburgh entrepreneurial community The focus of the class will be the development of a business plan for a new venture; the final plan should be suitable...
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...countries, which make up the Caribbean Community and Common Market (CARICOM). This regional integration between Caribbean countries, formed in 1973. According to the United States Trade International Commission (2008), “The purpose of regional integration is to achieve economic gains through free trade flow and investments between neighboring countries often by lowering or eliminating tariffs against imports from fellow member countries. These actions increase duty free trade, tourism, movement of labor, and the flow of capital across national borders, reducing the possibility of conflict. Regional integration promotes global business in that it removes, in stages or altogether, previous barriers to foreign investments and other business ventures” (Trade policy for Development). Duty free access and tax incentives encourage the United States firms to invest heavily in Puerto Rico to assist in promoting Puerto Rico's prosperous trade. “Puerto Rico’s industries include pharmaceuticals, electronics, textiles, petrochemicals, processed foods, clothing and...
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...finance the SMEs much more than the formal sources and the informal sources make up more than half of the SMEs’ mix of funds. It is recommended that the informal source of financing is a potentially important source of micro financing. Savings in them should be further encouraged through regulation, government intervention by way of active participation of community and development banks in local business associations. SMEs should consider all financing options that maximize the value of the business enterprise. 1.1 INTRODUCTION The significant role Small and Medium Scale Enterprises (SMEs) play in economic development process has been well documented. Studies have been conducted on SME management, business planning and to some extent on venture creation but this paper focuses on financing options in Nigeria. This makes this paper imperative as it re-evaluates the existing financing alternatives and the role government plays in...
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...Although high-net-worth investors have been buying large positions in companies since the days of Carnegie and Rockefeller, the modern aspects of the industry took shape in the 1960’s through the efforts of Kohlberg, Kravis, and Roberts, three Bear Stearns bankers who would later form the eponymous private equity firm KKR. PE activity then grew rapidly in the 1970-80’s when a large number of family businesses that were started after WWII were struggling with succession concerns and an inability to continue organic growth. PE firms saw this uncertainty as an opportunity to “flip” these companies for a profit by acquiring them, restructuring their operations, and then either finding a strategic buyer or taking the company public. Around this same time was the start of the technology boom and rise of Silicon Valley, causing an influx of capital hoping to fund the next big growth story. This large amount of eager capital spurred the creation of PE firms to facilitate investment opportunities which led to the industry standards we have today. The first task for any aspiring private equity firm is to raise the pool of assets utilized for pursuing investment opportunities. Since its inception PE has been the domain of high-net-worth investors, and as a result PE firms source their capital from high value clients such as pension funds, university endowments, sovereign wealth funds, and the fund managers’ own personal wealth. Given a finite number of potential investors, PE firms compete...
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...United States, networked financial institutions quickly led to international contagion and the European sovereign debt crisis. In response, the G20 officially endorsed Basel III – a new global standard to reduce systemic risk through stronger capital bases designed to act as a buffer during periods of financial instability and avoid bailouts. Sustained European government efforts to reduce debt through austerity have largely failed, and focus is now shifting to growth strategies. Entrepreneurial start-ups are a key route to driving long-term sustainable growth, but have been hit hard by sluggish consumer demand, tightening credit and scarce, expensive capital. This report discussed some of the implications for both entrepreneurs and Venture Capital funds, including flight-from-risk, fewer opportunities for profitable exits, lower funding levels and reduced number and diversity of VC funds. Exciting new opportunities have also emerged in new types of business incubators and alternative funding structures. I: Key financial trends This section will focus on three major trends and events that have had a...
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...Momentum 2014 Middle-Market Private Equity Outlook A CohnReznick LLP Report FEBRUARY 2014 Table of Contents Today’s Private Equity Business Environment.................1 Critical Issues Facing Private Equity in 2014...................6 Private Equity Due Diligence Focus................................24 The Road Ahead..................................................................29 A CohnReznick Report 3 Preface The private equity (PE) industry is well-positioned for an optimistic 2014. After five challenging years, there were a number of positive developments for the industry in 2013, including a rebound in fundraising and a record $120 billion returned to investors in private equity. mo • men • tum noun: the impetus gained by a moving object Overall, 2013 will be remembered as a solid year for private equity. Although the year started off slowly, activity picked up considerably in the second half, particularly in the world of exits. The fourth quarter of 2013 was one of the strongest quarters on record for PE exits, attributable largely to a robust IPO market. The key topic that must be considered in projecting the industry’s outlook for 2014 is whether it can build upon this momentum, or whether the industry’s capital overhang and competition for quality deals will prove too great a resistive force. While we’ll analyze the industry in its broadest sense, our focus is decidedly on the outlook for middle-market private equity firms―those firms with...
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...Private Equity as an Asset Class Guy Fraser-Sampson Praise for Multi Asset Class Investment Strategy: “. . . pension fund trustees right around the globe should read the book . . . it is certain to stir up some much needed debate . . . has received rave reviews from within the UK pension industry” (Global Pensions) “. . . time and money well spent . . . the tectonic plates are shifting under the UK investment establishment” (Daily Telegraph) “. . . an indispensable roadmap for anyone looking to create a successful investment programme . . .” (The Securities Investment Review) “It’s some time since I read anything as clear and punchy . . . if you are involved in setting investment strategy for a pension fund, this book cannot help but clarify your thinking.” (Benefits & Compensation International) “This book stakes Fraser-Sampson’s claim to be recognised as one of the great thinkers on portfolio theory, ranking alongside Markowitz and Swensen.” (Rebecca Meijlink, AlphaBet Capital) “I somehow expected another version of Swensen’s “Pioneering Portfolio Management”. However, this is in my eyes a huge improvement and a surprisingly entertaining and satisfying read.” (Thomas Meyer, EIF, author: Beyond the J-Curve) Private Equity as an Asset Class For other titles in the Wiley Finance Series please see www.wiley.com/finance Private Equity as an Asset Class Guy Fraser-Sampson Copyright © 2007 John Wiley & Sons Ltd, The Atrium, Southern Gate...
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