...Companies need to create and capture corporate knowledge, quickly disseminate it, and integrate it with new products and services. Knowledge management can provide opportunities for achieving substantial savings, significant improvements in human performance, and other competitive advantages. KM program have benefited in a number of ways including: enhanced collaboration, improved communication, improved employee skills, better decision making, and increased innovation. Buckman Labs is an example of a success story that significantly increased sales of products that are less than five years old from 14% in 1987 to 34.5% in 1996 through its global KM effort. For today’s enterprises, few challenges are as daunting as preparing tomorrow’s leaders. Mentoring is one of the most powerful tools at their disposal. But not all mentoring programs are equally effective, and not all companies have learned how to sustain mentoring. IBM has done it — and offers specific guidance and best practices you can use to achieve equally powerful results. IBM use mentoring to strengthen organizational intelligence...build sustainable communities of mentors and mentees... promote collaboration across differences... and above all, link mentoring to strategy and use it to sustain competitive advantage. Business organizations are coming to view knowledge as their most valuable and strategic resource, and bringing that knowledge to bear on problems and opportunities as their most important capability. They...
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...1. Explain how the international trade flows should initially adjust in response to the changes in inflation (holding exchange rates constant). Explain how the international capital flows should adjust in response to the changes in interest rates (holding exchange rates constant). With the expectation of a decrease in the British inflation rate when compared to the United States, the response of international trade flows will be a decrease in British consumers’ interest in U.S. products. As a result, the U.S. will be able to export less into Britain. At the same time, British products exported to the U.S. will increase. Since the U.S. will be exporting less and importing more from the U.K., the U.S. trade deficit will increase, as prices will rise and U.S. exports will be more expensive for foreign countries. This will place upward pressure on the pound’s value and downward pressure on the U.S. dollar. However, if British interest rates are expected to decline and U.S. interest rates are expected to increase, then British investors will find the U.S. interest rates more appealing than their own and will move their capital from Britain to the U.S. As a result, international capital flows will flow in the U.S. and out from the U.K. The investors will receive a higher rate of return if their capital is invested in the U.S. The increase in interest rates will place downward pressure on the pound’s value and upward pressure on the U.S. dollar. The increase in interest...
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...ACCT 201 - Dryfus Company, Problem Dryfus Company, which began operations in 2002, invests its idle cash in trading securities. The following transactions relate to the company's short-term investments in its trading securities. 2002 Transactions in Trading Securities Mar. 10 Purchased 2,450 shares of Ford Motor Company, at $26 per share plus $1,653 commission. May 7 Purchased 2,200 shares of Lucent at $44.25 per share, plus a $968 commission. Sep. 1 Purchased 1,200 shares of Black and Decker at $47.50 per share plus a $675 commission. 2003 Transactions in Trading Securities Apr. 26 Sold 2,200 shares of Lucent at $43.75 per share less a $1,050 commission. 27 Sold 1,200 shares of Black and Decker at $49.25 less a $735 commission. June 2 Purchased 2,500 shares of Merck stock at $72.50 per share plus a $3,890 brokerage fee. 14 Purchased 900 shares of Wal-Mart at $50.25 per share plus a $1,082 commission. 2004 Transactions in Trading Securities Jan. 28 Purchased 2,500 shares of Dell Co. stock at $39.50 per share plus a $2,356 commission. 31 Sold 2,500 shares of Merck at $71.25 per share less a brokerage commission of $2,356. Aug. 22 Sold 2,450 shares of Ford Motor Company, at $23.50 per share less $1,437 commission. Sep. 3 Purchased 3,400 shares of Nokia stock at $41.25 per share plus a $3,000 brokerage fee. Oct. 9 Sold 900 shares of Wal-Mart at $51.25 per share less a $1,025 commission. Required: 1. Prepare journal entries to record these short-term investment...
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...Case Problem: Stateline Shipping and Transport Company Assignment #4 Case Problem: Stateline Shipping and Transport Company MAT540: Quantitative Methods Vargha Azad 09/08/13 In Excel, or other suitable program, develop a model for shipping the waste directly from the 6 plants to the 3 waste disposal sites. Solve the model you developed in #1 (above) and clearly describe the results. In Excel, or other suitable program. Develop a transshipment model in which each of the plants and disposal sites can be used as intermediate points. 6 Plants labeled 1 through 6, 3 waste facilities labeled A through C Objective function: Minimize Z = 1A(12) + 1B(15) + 1C(17) + 2A(14) + 2B(9) + 2C(10) + 3A(13) + 3B(20) + 3C(11) + 4A(17) + 4B(16) + 4C(19) + 5A(7) + 5B(14) + 5C(12) + 6A(22) + 6B(16) + 6C(18); Subject to: 1A + 1B + 1C = 35 2A + 2B + 2C = 26 3A + 3B + 3C = 42 4A + 4B + 4C = 53 5A + 5B + 5C = 29 6A + 6B + 6C = 38 1A + 2A + 3A + 4A + 5A + 6A ≤ 65 1B + 2B + 3B + 4B + 5B + 6B ≤ 80 1C + 2C + 3C + 4C + 5C + 6C ≤ 105 All Combinations ≥ 0 Solver add-on solution in MS Excel yielded the following results: 35 bbl of wastes shipped from Kingsport to Whitewater, 26 bbl of waste shipped from Danville to Duras, 42 bbl of wastes shipped from Macon to Duras, 1 bbl of wastes shipped from Selma to Whitewater, 52 bbl of wastes shipped from Selma to Los Canos, 29 bbl of wastes shipped from...
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...Martin & Winter Co When the bank needs to decide to which of the companies he will give the loan, the most crucial concern is the company’s liquidity. As we learned, Liquidity is the ability of a firm to meet its near-term obligations as they come due. In this case, we have two companies, which one seems much larger than the other one. Basically, Winter Company has three times more assets than Martin Company. Is has much more cash, much more accounts receivable, and pretty much seems worth more on the paper. In order to review the Bank concerns, let’s analyze the financial figures of the companies. We’ll start by reviewing the working capital of the two companies. For Winter Company, the working capital is 500K$ (1764K – 1260K). For Martin Company, the working capital is 198K$ (378K – 180K). So we see that for both of the companies to working capital is positive, so this could indicate that they are both in a good shape, however it is not definite. We also see that the working capital of Winter Company is much larger, but this is probably due to the fact that Winter operates in a larger scale. Let’s also consider the current ratio of the companies. For Winter its 1.4 (1764K/1260K). and for Martin, its 2.1 (378K/180K). This could be an indication to us that the position of Martin is slight better. However, we must take into account certain aspects of the Winter assets also. As we can see, 20% of the Winter assets is in inventories. This inventory can be at risk...
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...Analysis of Financial Problem for Chinese Small to Medium Sized Companies Abstract In the recent years, small to medium sized companies (SMEs) play an important role in most countries over the world. It has been a vital policy issue for governments to deal with these companies to increase development of economy. The financial difficulties faced by SMEs have restricted SMEs’ survival and development. SMEs exist a series of financial problems. This article focus on how to obtain effective financial source and dealing with the difficulties in raising finance for Chinese SMEs. Key words: Small and medium-sized Companies (SMEs); Financing. Introduction SMEs are the necessary power for economy growth. As Beck and Demirguc-Kunt (2005, p2932) said that there was robust partial connection between the importance of SMEs in manufacturing and economic development. According to Ayyagari (2007), formal SMEs contribute to 50% of GDP on average in developing countries and World Bank views SMEs as a core element in developing economy and employment. In China, the number of registered SMEs exceeds 40 million, accounting for more than 99 per cent of enterprises. As a private sector, SME has become a driving force since the economy began to recover in 1978 (Fan, 2007). And it makes up more than 70 percept of the GDP. According to Brookfield, SMEs can be regarded as unquoted small businesses and a medium for self-employment of the owners that are organized by few individuals, typically a family...
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...Stateline Shipping And Transport Company 1. Formulation of the Problem The Stateline Shipping and Transport Company wanted to transport industrial wastes from the 6 plants to the 3 waste disposable sites. The problem can be represented in as a Transportation table as shown below. Our problem is to find roots to disposable sites, such that the cost of transportation is minimized.. White water Los Canos Duras Availability (bbl) Kingsport $12.00 $15.00 $17.00 35 Danville $14.00 $9.00 $10.00 26 Macon $13.00 $20.00 $11.00 42 Selma $17.00 $16.00 $19.00 53 Columbus $7.00 $14.00 $12.00 29 Allentown $22.00 $16.00 $18.00 38 Capacity (barrels) 65 80 105 Mathematical Formulation Let Xij i=1,2,3,4,5,6; j =1,2,3 denote the quantity of waste transported from i-th plant to j-th waste disposal centre. Then the objective function Z representing the cost and different constraints of the problem can be written as Minimize Z=12X11+15X12+17X13+14X21+9X22+10X23+13X31+20X32+11X33+17X41+16X42+19X43+7X51+14X52+12X53+22X61+16X62+18X63 Subject to X11+X12+X13 = 35 Is this essay helpful? Join OPPapers to read more and access more than 600,000 just like it! get better grades X21+X22+X23 = 26 X31+X32+X33 = 42 X41+X42+X43 = 53 X51+X52+X53 = 29 X61+X62+X63 = 38 X11+X21+X31+X41+X51+X61 65 X12+X22+X32+X42+X52+X62 80 X13+X23+X33+X43+X53+X63 105 Xij 0, i=1,2,3,4,5,6; j=1,2,3. 2. The transportation problem described above can be solved mathematically using a computer...
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...b/ for the type of training envisioned ,what are the learning objective? Write these objectives in complete from . An effective objective contains thee parts : 1/Desired behaviors is what the trainee is expected to be able to do 2/ Conditions what help /environment trainees will have when performing the expected behavior 3/ standards what will be required to be successful learning objective should be developed for reaction to training ,learning ,transfer to the job and organizational outcomes. This three objective as a guidance for designing and developing the training. 1. 2/Request from employee – Employees usually are the first to recognize the need for additional training. This need can result from the assignment of a new task, technological changes, or just a realization that additional training would result in a more efficient work product. 2. Change in agency vision or mission – Agency vision and mission can sometimes change due to state or federal legislation. Thus employees may be assigned new duties or positions may be restructured. Before assigning new duties and responsibilities to employees, decide if the employees will need additional training. Remember, the reason for providing training is to produce a change or provide support so employees can reach their goals and objectives; thus attaining the agency’s vision and mission. 3. Determination through performance management review – An excellent time to determine training needs is...
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...M5A3 Case Study Name Institution Course Date M5A3 Case Study Based on this case study, the right decision was made since the team led by Scott Daniels started by first doing research of the challenges faced by EIS. This would consequently, help them to plan the whole schedule management through determining the correct procedures and policies which would guide the team to solve these problems (Schwalbe, 2013). Creating a cause-and-effect diagram in team led by Scott Daniels responded to the definition of activities in time management of a project which would assist in saving time. The time project management calls searching and documenting the relationship between various project activities. The Pareto chart created by the team led by Scoot Daniels assisted in the analyzing most of the complaints in the EIS which was an effective way to understand and address all the challenges faced by EIS. This reveals the right decision taken within the case since it made the team involved in the addressing of the EIS problems become part of the organization and come up with the best solutions to counter these challenges. In addition in order to reveal that in deed the decision taken in this case was the best, the team was able to identify the biggest challenge in EIS been the fact that most of the old people were not fully vanished with the required computer skills and this was a major concern in the organization (Schwalbe, 2013). This divulges...
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...The Entrepreneurs at Twitter: Building a Brand, a Social Tool or a Tech Powerhouse? MID-TERM ASSIGNMENT A Paper Presented in Partial Fulfillment of the Requirements of the Robert Kennedy College MBA Course Nr. 57582 - Entrepreneurship Prof. Francois Therin October 27, 2010 1 Declaration of originality of work I affirm that the attached work is entirely my own, except where the words or ideas of other writers are specifically acknowledged according to accepted citation conventions. This assignment has not been submitted for any other course at Robert Kennedy College or any other institution. I have revised, edited and proof-read this paper. th Signed the student, October 27 2010 Certification of authorship I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and fully disclosed in this assignment/paper/examination. I have also cited any sources (footnotes or endnotes) from which I used data, ideas, theories, or words, whether quoteds directly or paraphrased. I further acknowledge that this written work has been prepared by myself specifically for this course. Signed the student, October 27th 2010 Word count: 1952 without title pages, index of contents, executive summary and bibliography 2 “If you don’t know where you’re going, any road will get you there.” The Cheshire Cat in “Alice’s Adventures in Wonderland” by Lewis Carroll 3 Index of contents Executive Summary ...........................
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...controlling directors and two principal shareholders. The company activities had expanded into provision of engineering services as part of their business diversification and expansions plan. In May 2006, the company had secured a contract worth RM750, 000 to be implemented over 6 months. Encik Zayed and Puan Hashimah were not familiar with Accounting Standards and the provisions of the Companies Act 1965, including their roles and duties as Company Directors. The company had maintained a very lean organization and had employed their own family members as employees and some did not have the necessary job experiences. It was July 2006 when Encik Zayed engaged the External Auditor Aziz & Co ( Chartered Accountant), introduced by his friend to perform the statutory audit for the period 2003 to 2006. This was first audit experience for Encik Zayed and Puan Hashimah and it was a difficult learning experience. 1.1 SYNOPSIS/ SUMMARY Delima Enterprise Sdn Bhd faced a problem when they decided to take up loan from the commercial bank and realized that their company financial statement was not audited for quite a long time. However the real problem detected here is that the transformation of the business type of Delima which is from an enterprise to a company. The reason here is that I do not think that Encik Zayed who is head of Delima had done the necessary preparation to become a company especially in term of capital. Operating a company definitely has higher requirements and obligations...
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...Re-organization and Layoff: Issue and Problem Identification April 3, 2016 According to Bouw’s article (2013), she discusses the issues of improper managing and administration in the event of a company layoff. Mismanaged cutbacks begin with the Human Resources Department themselves. The article states their lack of education, training, and company knowledge, is the reasoning for these incidents. When a manager isn’t properly prepared for a cutback, it can possibly affect the company as a whole. "It's traumatic to the remaining staff - the survivors - and can create fear and resentment"- Mr. Swartz. The company needs to look at all options before they decide to do layoffs or terminate employment. The cut backs can be done in different ways other than treating an employee like they are commodities. The business problem starts with the lack of training the managers receive on how to handle a layoff in the company or termination of an employee. Termination of employees can cause negative results for the company if the management team does not handle the situation properly. Businesses do not focus on how to approach different scenarios and emotions in the event of a termination. Managers often times let their personal emotions get in the way when terminating an employee. They tend to ramble on, and sugar coat the reasoning why their decision was so hard to let them go. Managers are not being straightforward and honest with the employee. Employees that do not understand...
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...Justification Report Name Course Tutor Date Justification report Assignment 2.1- Justification Report(Part 1) Problem statement The main problem that employees face in Carnival Cruise Line Company is a hostile environment. This hostile environment in Carnival Cruise Line Company is also a form of harassment. A good number of other employees in Carnival Cruise Line Company normally think that issues that bring about the hostile environment in the workplace include; bosses who are irresponsible, rude coworkers, privileges, benefits, the lack of perks, work environment that is unpleasant and even recognition. In most cases, to consider the workplace hostile, some lawful standards and policies are supposed to be met. The creation of this hostility in the work environment is mostly done by the boss or a colleague whose behavior, actions, and communications makes it impossible to perform the responsibilities of the workplace or the organization. With the traits portrayed by the coworkers and the employers, it can be concluded that he traits are responsible for changing the terms and conditions or the anticipations of the conducive and comfortable work environment for all employees. Moreover, in order for a work environment to be considered hostile, the traits and actions should show unfairness. An example is where an employee posts nude images or says sexual and explicit jokes is termed as guilty of harassing a fellow employee sexually (Mann & Goodman 2008)....
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...Enterprise Sendirian Berhad conducted trading and supplying with oil and gas industries. The company has secured a contract worth RM750,000 but due to lack of fund the company need to borrow RM1,000,000 with the bank. To get the loan bank need the company unqualified audited financial statement but the company had never performed the statutory audit. The company hired an auditor to audit the financial statement but the auditor wish to qualify the report because of some unresolved issue. The company was incorporated 2004. The company had maintained a lean organization with basic functional. Encik Zayed hires mostly his family member although they have a low qualification. The company use MYOB system and manually produced sales document. The company pay salary weekly to the worker and the employee prepared the time card. The auditor have problem to complete the audit due to incomplete information and record. Cik Amy the new worker as the finance executive analyse the situation and try to help the auditor although the company have many problem. Problem Faced by Delima The Delima Enterprise Sdn Bhd had many problems such as lack of fund to start the contract in the 6 month duration. The company also have a serious management problem because Puan Hashimah and Encik Zayed have no knowledge in handling the company and they treated it like sole proprietor business. The company also doesn’t have Standard Operating Procedure (SOP) and the MYOB system is not integrated...
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...the major cause of Toyota’s recall is the quality issues. For example the accelerator pedal problem, many different types of car were recalled, like RAV4, Corolla and Venza and even some very good quality cars, like Lexus. In this case, from suppliers to the manufactures all have quality problems. 1.1 Suppliers Because pursue the maximum benefits and cost minimization, suppliers pay more attention on how to reduce cost. This lead to them neglects the raw materials quality. On the other hand, due to the Toyota over-confidence suppliers, the supplier changed the components’ design without permission. Some information pointed out that one of the Toyota suppliers called Chicago Telephone Supply Co. (CTS) changed the pedal design that is one of the reasons leading to the pedal problem. (Bernard Simon, 2010) 1.2 Manufactures They used the problem components to product without quality check and after the production they also did not do better quality check. They design also have some problems, they did not do enough test of their design before they produced. All these result the recall incident. This kind of things indicates that Toyota lack of an effective quality control. 2. The recall issues caused by outsourcing In this globalized and competitive environment, outsourcing become a more and more useful way to help company improve business, but it also can be lead to some problems, like Toyota. Only 30 per cent components are in-sourced in Toyota, it means Toyota use a lot...
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