...Early on in researching what type of leadership style I possessed, I concluded that I was a transformational leader because of my well rounded and easily approachable style of management. However, through the scope of learning in this class and my continued investigation of my leadership “self,” I refined my leadership style as more of a coaching/participative style. As a coaching leader I’ve attempted to tie together career aspirations and personal goals of my employees. I take a personal interest in wanting them to succeed and provide hands on instruction help make sure they understand what is being required of them (Money-Zine, 2013). Giving continued feedback on performance, delegating authority, and offering collaborative challenges to retain interest are part of my leadership style. My democratic leadership style is also called the participative style. It is this style that helps me encourage my team mates to become active in the collaborative challenges I mentioned before. I try to keep my employees informed about everything that affects their work and shares decision making and problem solving responsibilities. This particular style compliments coaching as it requires me to be a coach who has the final say, but gathers information from staff members before making a decision. My style of leadership can be very successful; however, I must be careful not to overload my team mates and to make sure they are prepared to handle the different challenges offered to them (Changing...
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...REFLECTIVE ESSAY #4 What a week last week was. Most the lessons touched me in some way. I liked the discipline model and progressive discipline process. It reminded me on how discipline should be handled. I have seen the progressive discipline model in action and when it is was done right it worked. Once again the speech was a little nerve racking, but I got through it. I missed a lot of my introduction because I got flustered. After I got over my initial nervousness the rest was smooth. It flowed pretty good and I had a good closing. Now I know that I need a little more practice with my speech before jumping into it. I know that I can do better on it so I will use my experience on the last two speeches to improve on the next one. Effective negotiations was an eye opener in the aspect that I do a lot of the technics that were taught, but didn’t know I was using them. I am defiantly more integrative then distributive. I like to build that relationship then to “burn the bridge” with people. I try to make sure that everyone is happy with the out come of the discussion and that everyone got what they wanted. Sometimes it’s not possible and I feel like I have failed when that happen. Continuous improvement was a little difficult to wrap my head around at times. As soon as I thought I had a grasp on it I would get the question that was posed wrong. System 1 and system 2 thinking was like that, but by the end of the lesson I had a better understanding of the...
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...Question: Describe the social and political conditions that existed in America just prior to the Progressive Movement. Discuss how the Progressives informed their audiences of these conditions, and explain the extent to which they were successful in reforming several of the problems they addressed. During the late 19th and early 20th centuries, America was in a time of major reform. Citizens of the United States were tired of the neglected situations of poor working conditions, overcrowding of cities, political corruption, and abuses by industrialists. A reform group, known as the Progressives took it upon themselves to rally for change. Using many different resources of media, combined with many different organized protests and petitions,...
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...The Progressive Era what began in 1890 began as a social movement and later grew into a political movement through 1920. The rapid growth of industrialization presented consumer issues, labor problems, corporate greed, political corruption, and issues with women’s right. Progressivism was made up of people who believed that social issues could be addressed by good education, a safe environment, and a good workplace. The Progressive Era came at a time when the call for reforms in society at the local, state, and national level. The movement had a window of influence and could have been more effective if the reformist would have stuck together. When President Theodore Roosevelt was elected in 1901 he showed the Progressives desire to control the actions of big business. One of the victories was when the publication of...
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...Why Fairness Matters Progressive Versus Flat Taxes Robert J. Shapiro April 1996 Pro gres s iv e FOUNDATION Why Fairness Matters: Progressive versus Flat Taxes Progressive Foundation The Progressive Foundation works to develop and promote a new progressive political philosophy and governing agenda for America based on individual liberty, equal opportunity, civic responsibility, and nonbureaucratic governance. The substantive work of the Foundation revolves around some of the most difficult challenges facing America in the 1990s: assuring upward mobility for working Americans in the new world economy; resolving the great American dilemma of race; restoring a civil society and strengthening the social ties that foster a sense of community; finding America’s proper role in the post-Cold War world; and rethinking the size, shape, and mission of government in an Information Age. The Foundation explores public controversies over cultural questions—race, ethnicity, gender, religion, morality, and civic education—that are often ignored in conventional political discourse. The Foundation’s Project on Tax Reform and Economic Growth works to develop a tax reform program that is consistent with a progressive distribution of the tax burden, and can help promote stronger job and business formation, greater productivity, and higher family incomes. This report is the first of two new reports outlining the essential features of such a tax reform program. The preface contains more...
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...School of Business and Governance Entrepreneurship Department Progressive Insurance: A Case Study Submitted to: Mr. Rey Navacilla Submitted by: John Paul Dela Vega Jose Antonio Kintanar Clarence Mitchell Sy Dayle Lois Tulang John Way Keith Medina Table of Contents I. Introduction…………………………………………………..…… II. Statement of the Problem…………………………………..…... III. Objectives of the Case Study………………………………..…. IV. Methodologies and Approaches…………………………….… V. Analysis of the Case a. Qualitative Tool: Fishbone Diagram………….…. b. Quantitative Tool: Decision Tree Analysis……. VI. Alternative Courses of Action (ACAs) c. Alternative Course 1……………………………..… d. Alternative Course 2……………………………….. e. Alternative Course 3……………………………..… VII. Significant Findings…………………………………………….. f. Positive Findings…………………………………… g. Negative Findings………………………………….. VIII. Recommendations…………………………………………….... IX. Conclusions……………………………………………………… I. Introduction Progressive Insurance, an automobile insurer company, which is based in Mayfield Village, Ohio. On the year of 1991 Progressive Insurance had approximately $1.3 Billion in their sales. When the year of 2006 came that $1.3 Billion in sales suddenly became $14.5 Billion. What did they do to make this figures increase so high? Nothing. For 15 years Progressive insurance just did little advertising, and some of its campaign...
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...was a good strategic decision. With all of the turmoil that Allstate has faced over the last decade, the leadership of the company had to make a strategic move that they believed would push the business forward, not create any more flak. Focusing efforts on two areas of the world, especially ones that the company already had a good market power over made sense. This was a perfect strategic move. Positioning the company in a place where they are comfortable without any unforeseen or uncomfortable external macro environmental challenges could only leave room for growth, or better yet, time to breath. Allstate went through phases the last decade where they couldn’t decide whether or not they were an insurance company, bank or retail store. This confusion slowly, and then quickly, put Allstate behind their competitors. If you glance at State Farm, they have always been an insurance company. So in order for Allstate to compete more effectively with their competitors, it is time they decide what they want to be. If they want to be an insurance company, they need to be all in and create strategic plans to be the best at that one thing. The fault doesn’t fall completely in Allstate’s hands for the turmoil that they have faced over the past decade. The internet boom has contributed to their failures. Steve Daniels writes in the Chicago business article, ‘Geico and Progressive Corp. found a new formula for growth in the relatively mature business. They crafted a lower-cost model combining...
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...Lien Centre for Social Innovation Social Insight Research Series Inequality, Poverty and Unmet Social Needs in Singapore A Handbook on A Handbook on Inequality, Poverty and Unmet Social Needs in Singapore Lien Centre for Social Innovation CATHERINE J. SMITH (Additional research and writing by John Donaldson, Sanushka Mudaliar, Mumtaz Md Kadir and Yeoh Lam Keong) As this handbook is intended to provide an overview of the arguments of others, the role of the authors largely consisted of compiling, arranging, and contextualizing. Further, the ideas expressed herein, which are various and often contradictory, do not necessarily represent the views of the handbook’s authors, or of the staff and Board of the Lien Centre for Social Innovation. Copyright © March, 2015 by Lien Centre for Social Innovation. All rights reserved. Published by the Lien Centre for Social Innovation Singapore Management University, Administration Building, 81 Victoria Street, Singapore 188065 www.lcsi.smu.edu.sg No part nor entirety of this publication may be reproduced or transmitted in any form or by any means, or stored in any retrieval system of any nature without the prior written permission of the Lien Centre. Readers should be aware that internet websites offered as citations and/ or sources for further information may have changed or disappeared between the time this was written and when it was read. Limit of Liability/Disclaimer of Warranty: While the publisher and authors...
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...Doing Business in Singapore Updated as of 8 September 2006 Pioneer Management Services Pte Ltd 4 Shenton Way #04-01 SGX Centre 2, Singapore 068807 Telephone: +65 6327 6266 Facsimile: +65 6327 3855 Email: pioneer@singnet.com.sg Website: www.pioneerassociates.com.sg CONTENTS Page 1 1.1 1.2 1.3 1.4 1.5 1.6 Introduction Geography and History Population Political System Languages Currency Economy 1 1 1 1 2 2 2-3 2 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Business Entities and Accounting Companies Branches Representative Offices Sole Proprietorships Partnerships Limited Liability Partnerships Joint Venture Audit and Accounting Requirements Record and Filing Requirements 3 3 3-4 4 4 4-5 5 5 5 6 3 3.1 3.2 3.3 Finance and Investment Exchange Control Sources of Finance Investment Incentives 6 6 6-8 8 CONTENTS Cont’d 4 4.1 4.2 4.3 4.4 Employment Regulations and Social Security Contributions Employment Passes and Dependent’s Passes Engagement and Dismissal Trade Unions Social Security Contributions Page 8 8-9 9 9 10 5 5.1 5.2 5.3 5.4 5.5 Taxation in Singapore Companies Individuals Expatriates Indirect Taxes Other Taxes 10 10 - 14 15 - 18 18 - 19 19 - 20 21 Appendices 1 2 3 4 5 Tax incentives Withholding tax rates Corporate tax rates Personal income tax rates Personal tax reliefs 22 - 28 29 - 30 31 32 33 Doing Business in Singapore 1 1.1 INTRODUCTION Geography and History The Republic of Singapore is located at the southern tip of the West...
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...Need for export credit insurance | | Payments for exports are open to risks even at the best of times. The risks have assumed large proportions today due to the far-reaching political and economic changes that are sweeping the world. An outbreak of war or civil war may block or delay payment for goods exported. A coup or an insurrection may also bring about the same result. Economic difficulties or balance of payment problems may lead a country to impose restrictions on either import of certain goods or on transfer of payments for goods imported. In addition, the exporters have to face commercial risks of insolvency or protracted default of buyers. The commercial risks of a foreign buyer going bankrupt or losing his capacity to pay are aggravated due to the political and economic uncertainties. Export credit insurance is designed to protect exporters from the consequences of the payment risks, both political and commercial, and to enable them to expand their overseas business without fear of loss. | At the same time one has to understand the limitations of SMEs, which are: • Low Capital base • Concentration of functions in one / two persons • Inadequate exposure to international environment • Inability to face impact of WTO regime • Inadequate contribution towards R & D • Lack of professionalism GENERAL FINDINGS OF FIELD SURVEY OF SMALL & MEDIUM INDUSTRIES / ENTERPRISES The study that was undertaken by contacting 23 small and medium scale industries from...
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...The history of prisons in 1800 Harold Flower CHS/230 December 8, 2011 Vashell Anderson The history of prisons in 1800 Prisons before the 1800’s did not have women prisons. In those days the prison were mixed with men, children and women all in the same prison. The prisons in the 1800’s that held women prisoners were treated just like the men in those prison the women also had to do hard labor which consisted of sewing, laundry, cleaning and cooking. All the women were to act like lady’s but also had to be treated like men in those prisons the women talked about how they were over worked and that they wasn’t fed enough in the prisons of the 1800’s. After the 1800’s the prisons started to change this was depending where and what prison you was in at that time there was no toilets in most cases the toilet was a bucket and it might not have been emptied too often. There were prisoners that didn’t do much at all but sat around and waited to die also at that time the cafeterias were not established so the food was forced through the cell bars and you had to eat what they fed you and it wasn’t much and it tasted really bad. You was lucky to be fed every day in today’s prison you do get three meals a day, schooling, and do jobs that are inside the prison also there are some prisoners allowed to work outside the prison walls, there is clean running water with bathrooms and showers, and the best part is that the prisoners have bunks instead of laying on the ground. In the 1800’s...
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...TAXES ( Read full story on taxes ) * Standard rate of excise duty held at 10 percent; no change in CENVAT rates * Personal income tax exemption limit raised to Rs 180,000 from Rs 160,000 for individual tax payers *For senior citizens, the qualifying age reduced to 60 years and exemption limit raised to Rs 2.50 lakh. *Citizens over 80 years to have exemption limit of Rs 5 lakh. * To reduce surcharge on domestic companies to 5 percent from 7.5 percent. * A new revised income tax return form 'Sugam' to be introduced for small tax papers. * To raise minimum alternate tax to 18.5 percent from 18 percent ( Read story ) * Direct tax proposals to cause 115 billion rupees in revenue loss * Service tax rate kept at 10 percent * Customs and excise proposals to result in net revenue gain of 73 billion rupees * Iron ore export duty raised to 20 percent *Nominal one per cent central excise duty on 130 items entering the tax net. Basic food and fuel and precious stones, gold and silver jewellery will be exempted. *Peak rate of customs duty maintained at 10 per cent in view of the global economic situation. *Basic customs duty on agricultural machinery reduced to 4.5 per cent from 5 per cent. *Service tax widened to cover hotel accommodation above Rs 1,000 per day, A/C restaurants serving liquor, some category of hospitals, diagnostic tests. *Service tax on air travel increased by Rs 50 for domestic travel and Rs 250 for international travel in economy class. On...
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...Debt, Equity, and Taxes By Deen Kemsley* Columbia University and Yale University and Michael G. Williams** University of California, Los Angeles January 10, 2002 We express appreciation for insightful comments from Antonio Bernardo, David Bradford, Roger Gordon, Larry Glosten, Rick Green, Glenn Hubbard, Jack Hughes, Michael Kirschenheiter, Stephen Penman, and workshop participants at the Columbia University Burton Conference and the Yale School of Management Faculty Workshop. Professor Kemsley also expresses appreciation for financial support from the Columbia Business School Research Program in Tax. * Correspondence Author: Yale School of Management, 135 Prospect Street, P.O. Box 208200, New Haven, CT 06520-8200, deen.kemsley@yale.edu, (203) 432-3780, fax: (212) 432-6974. ** University of California at Los Angeles, Anderson Graduate School of Management, Box 9511481, Los Angeles, CA 90095-1481, (310) 825-4720, michael.williams@anderson.ucla.edu. Debt, Equity, and Taxes Abstract In this study, we extend Miller’s (1977) capital structure analysis by adding potentially high personal taxes on dividends and share repurchases, and by focusing on mature firms with at least some pre-existing equity. We demonstrate that personal taxes on equity distributions push new equity financing to an inferior corner, but they do not push internal equity (i.e., reinvested free cash flows) to a corner. Therefore an interior capital structure solution remains, in which firms...
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...------------------------------------------------- Nike Case Study ------------------------------------------------- 15th June 2012 – OneMBA 2013 – Justin Lee Bennett 1. How does Joanna’s analysis (exhibit 5) differ from BEHH best practice, HV Chapter 10 and/or my lecture notes? a. The differences between Joanna’s calculation and the other sources mentioned above can be summarized as follows: a. She used statutory tax rates where as BEHH, Chapter 10 and class notes show best practice as using effective marginal rates b. When calculating the WACC Joanna used a single cost of capital as she believes that only the Cole-Hann business is different, given this only makes up a small part of revenues and all other businesses were sports related, this makes some sense however BEHH, chapter 10 and our course lecture state we should use different cost of capitals for each business. c. Joanna uses book values to calculate cost of debt; BEHH, chapter 10 and class lecture advise us to use market values. d. She used a market risk premium of 5.9% for her calculations that is equal to the geometric mean. BEHH agrees with this for bonds, but suggest arithmetic mean when using treasury bills (shorter time period). In our class notes it also states we use geometric mean for long term investments, but recommends 6% for OneMBA calculations e. For the cost of debt calculation Joanna used current interest payments which deviates from BEHH, Chapter 10 and...
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...Mini Case Assume that you recently graduated and have just reported to work as an investment advisor at the brokerage firm of Balik and Kiefer Inc. One of the firm’s clients is Michelle DellaTorre, a professional tennis player who has just come to the United States from Chile. DellaTorre is a highly ranked tennis player who would like to start a company to produce and market apparel she designs. She also expects to invest substantial amounts of money through Balik and Kiefer. DellaTorre is very bright, and she would like to understand in general terms what will happen to her money. Your boss has developed the following set of questions you must answer to explain the U.S. financial system to DellaTorre. a. Why is corporate finance important to all managers? The importance of corporate finance is that it helps managers understand the health of the company and how to act accordingly with a common guideline. The responsibility for controlling company assets falls upon management as a whole. Managers need to be able to make decisions that will benefit the company and in order to make those decisions they need to have insight into the financial health of the business. If not they could possibly lose funding and find their projects continually short on financial support. Every decision made by management essentially has a financial impact. Managers have a responsibility to increase the shareholders’ stake in the firm. b. Describe the organizational forms a company might...
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