...Reeds Clothier is a clothing store that has been around since 1936. It was founded by Jim Reed an ex military man from VMI (Virginia Military Institute). The majority of his customers were from VMI and his banking officer was too. I believe that these cozy relationships might have been the cause of the financial distress that occurred in this case. Jim's banking officer was lenient, because he was a friend. Jim had adopted a loose working capital policy with higher current assets than industry averages. Jim's customers were slow to pay A/R because they were friends and Jim was afraid of losing their business if he pressed them too hard. His sales overall might suffer if he losses these customers. But on the other hand if they turn out to be very loyal customers who understand that Reed's new policies are normal practice for most businesses, they might get on board with the new policies. The problems started when a new mortgage was taken out to remodel the store. They lost the rent they were receiving from the tenants on the third floor and now they had more bill and interest to pay. Jim use to take the 3/10 discount from his suppliers and since he can't anymore he is paying too much. A 3 percent discount would be allowed if paid within 10 days. The bill would be due in full within 60 days. Annualized discount of 3 percent on a 60 day cycle would be 18 percent. 360/60 x 3%= 18%. The new banking officer Mr. Holmes wanted Reed's to have an inventory reduction sale because he...
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...Group Interim Report Group Name Date submitted Client’s name Executive summary of the changes you are proposing with a rationale for the changes. Portfolio 1 Portfolio 2 SOURCE ----------------------- 27/10/2013 Group 20: Girls’ Power David King Markowitz portfolio theory (MPT) is a theory on how risk-averse investors can construct portfolios to optimize or maximize expected return based on a given level of market risk, emphasizing that risk is an inherent part of higher reward. According to Markowitz portfolio theory, investors attempt to maximize portfolio expected return by analyzing risk, return, correlation and diversification...
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...Privacy policies, code of ethics, insider trading policies. All the policies are consistent with each other. They all want their employees and board members to act ethically. They want their nonpublic information to stay private and prohibit insider information trading. vi. II. Corporate Governance a. Board of Directors i. Mostly External members. Jay Hoag- Technology Crossover Ventures. Timothy Haley- Redpoint Ventures. Ann Mather- MGM holdings Inc. Leslie Kilgore- Linkedln Corporation. Richard Barton- Zillow, Inc. A. Battle- Aspen Institute. Reed Hastings- Chair of board ii. Significant shares on the board are only held by Leslie Kilgore. Reed Hastings and Jay Hoag hold 0. iii. Publically traded iv. Richard Barton-2002 A. Battle-2005 Timothy Haley- 1998 Reed Hastings- 1998 Jay Hoag -1999 Leslie Kilgore- 2000 Ann Mather- 2010 b. Top Management i. Reed Hastings is the Founder and CEO. David Wells is the CFO. ii. Reed Hastings has been the CEO since 1998. He...
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...Reed Hastings is the founder and CEO of NetFlix. Hastings has traveled a long way from selling vacuum cleaners door-to-door, which was his first job after graduating from H.S. in 1978. Hastings went to Bowdoin College where he majored in Mathematics and he graduated in 1983. After graduation, Hastings backpacked along Africa in the Peace Corps where he taught high school math to children. Upon his return from the Peace Corps, Hastings chose to go back to school to receive his master’s degree in computer science from Stanford University. After attending Stanford, Hastings worked for a software company where he invented a tool for debugging software. In 1991, Hastings left the company to pursue his own business endeavor, which was a start-up organization called Pure Software. The purpose of this company was to provide products which would help individuals troubleshoot software. The company was a huge success and was rapidly growing; in 1996 the company merged with another software company and became Pure Atria. Hastings asked to be appointed as Chief Technical Officer, but left shortly after the company was merged. In 1997, Hastings founded Netflix and launched the subscription service in 1999. Netflix was invented when Hastings had a $40 late-fee when he lost Apollo 13 while renting it. Netflix has grown a lot since then; it is a large company known for their innovative practices. The company grew to one million subscribers in less than four years, and reached...
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...Project Proposal The proposed organizations for this project are Netflix and Blockbuster. This research project will demonstrate why the two companies changed to stay in competition. Additionally, this research project will demonstrate how technology obligates organizations to change their business model. Blockbuster opened their first store in 1985 in Dallas, Texas and expanded to operate 6,500 video rental stores (Blockbuster, n.d.). The organization was a competitor in the small video rental stores by providing a wider selection of movies and game rentals. Because of the positive, public acceptance Blockbuster expanded quickly and opened stores across the nation, London and Canada (Blockbuster, n.d.). Netflix was founded in 1997 in Scotts Valle, California. The organization website was launched in April 14, 1998 providing to the public online-per-rental model. Netflix introduced the monthly subscription concept in September, 1999. In February, 2007 Netflix introduced the video-on-demand via the Internet. At the present time Netflix provide services in Canada, Latin America, the Caribbean and Europe. Netflix is recognized to be one of the most successful dot-com ventures (Funding Universe, 2011). ORGANIZATIONAL CHANGES Blockbuster was purchased by Dish Network after filing for bankruptcy in late September 2010. The company has closed a large number of stores at it works to create an online video-streaming outlet (Merced, 2010). Blockbuster’s edge over...
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...Table of Content Page Introduction Company Information 1 Paper Outline 1 Introduction of Qwikster – The Spinoff of Netflix 4 – 6 Implications 6 Commentary 7 Netflix’s Cancellation of Qwikster 7 Conclusion 8 References 9 INTRODUCTION Company Information Netflix Inc., established in 1997 and headquartered in Los Gatos, California offers internet subscription service, streaming television shows and movies. Subscribers of Netflix can watch unlimited television shows and movies streamed over...
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...Characters in the Minority Georgiana and Eliza Reed are described as "feeling without judgement"(Georgiana) and "Judgement without feeling" (Eliza) - both are used to differentiate what happens when one takes one side to the extreme of both types of behaviours. In effect, Jane finds she has to fight to preserve the balance in her character between judgement and feeling - the Reed sisters therefore provide a strong example as to what happens if the balance between the two is upset. Blanche Ingram is a woman without scruples or morality, she is haughty and proud, very beautiful and priveleged too, but is nevertheless shallow and intellectually inferior. She is a warning Jane, who is soon to be faced with the temptation to give in to her passions and embrace the shallow life of a courtesan, when Rochester pleads with her to go to the continent with him after the "wedding". The more virtuous minor characters serve the same function, standing as moral or spiritual beacons to which Jane may aspire, but may not ever reach. Maria Temple - the charitable schoolteacher is both an example and a warning. She can and does serve as a role-model for Jane but is also powerless, having to answer for her independence to a wrathful Mr Brocklehurst, and having no real authority when he is on the premises. Her position is inferior and she submits too. Jane later will break this pattern at Thornfield, in her dealings with her employer, but ironically her habit of submissiveness is gained as a...
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...Merrill Lynch The Dual Listings July 2002 EVENT DRIVEN & EQUITY ARBITRAGE SALES FOR INTERNAL USE ONLY Trades Examined: UK - Netherlands Reed Elsevier NV (REN NA) vs Reed Elsevier Plc (REL LN) Royal Dutch Petroleum (RDA NA) vs Shell Transport & Trading Co Plc (SHEL LN) Unilever NV (UNA NA) vs Unilever Plc (ULVR LN) UK - Australia BHP Billiton Ltd (BHP AU) vs BHP Billiton Plc (BLT LN) Brambles Industries Ltd (BIL AU) vs Brambles Industries Plc (BI/ LN) Rio Tinto Ltd (RIO AU) vs Rio Tinto Plc (RIO LN) Introduction: The purpose of this report is to provide a basic overview of the dual-listing environment, highlighting the nature of company structures involved, why the structures were adopted and how they work. Contents: Page 1. Frequently Asked Questions 2 2. Why do Dual Listed Companies Exist? 4 3. Dual Listing Structures 5 4. Currency Risk 6 5. Terminology 7 6. Factors Affecting Performance 8 Appendix 1: Stock Specific Data A.1 Reed Elsevier NV vs Reed Elsevier Plc 10 A.2 Royal Dutch NV vs Shell T&T Plc 12 A.3 Unilever NV vs Unilever Plc 14 A.4 BHP Billiton Ltd vs BHP Billiton Plc 16 A.5 Brambles Ind. Ltd vs Brambles Ind. Plc 18 A.6 Rio Tinto Ltd vs Rio Tinto Plc 20 Glossary of Terms 22 1. Frequently Asked Questions Q. What is a dual listed structure? Where a company is listed on two exchanges it is referred to as a...
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...Alyiah Johnson 20130225 10 Block The Truth about It Characters: April: Daughter of Lauren Lauren: Mother of April and Prostitute of James and Girlfriend of Jacob James: Husband of Renée and Pimp of Goldie Street Renée: Wife of James and Secret Lover of Jacob Jacob: Boyfriend of Lauren and Secret Lover of Renee Act 1 Scene 1- Lauren’s House *As the sun being to rise April is returning home from her morning run and enters the house. Her mother, Lauren, is upstairs getting a hit she doesn’t notice the time.* April: Mom? *she shouts* Where’s breakfast!? The bus will be here in 30 minutes! (Lauren get a sudden realization of the time and franticly thinks of an excuse.) Lauren: I’m busy! You’re old enough, make it yourself. *She finishes her line. April becomes frustrated and storms up the stairs to see what Laruen is doing, but Lauren hears her and slams her door shut, then she locked it* April: What are you doing?! Lauren: Don’t question me! Go get ready for school! *April goes and get dressed for school and fixes her breakfast, time goes by and the bus pulls up for April and she leaves with a slam of the front door. Lauren reaches in her purse and gets out her cell phone to make a phone call.* Scene 2- James’ House *James wakes up to a phone call* James: Hello? Lauren: Hey! I’m ready to work. You down? James: Yeah, I’m on the way. *James hangs...
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...to compete in the world today. If a company is not competing on the level it should or is not performing competively, then it may look at change implementation as a start to getting back on track. In order to manage the need for change, managers often use strategic renewal. This wiki will explore the strategic renewal strategy that made Netflix a household name and brought it the success it has today. Our text defines strategic renewal as a change in an organization’s strategy involving some combination of new products/ services, new markets, and a new business model (pg3). Netflix used this idea and completely reinvented itself. 1. Provide a summary of the organization’s background. Netflix Corporation was founded in 1997 by CEO Reed Hastings and software executive Mark Randolph. In 1999, both men launched their idea to allow their customers to rent DVD movies and have them shipped to their door. You kept the DVD as long as you wanted and then returned without late fees. The idea was revolutionary and consumers loved it. At the time Netflix was in direct competition with companies like Blockbuster and Hollywood Video which also offered movie rentals for a per-unit price and charged late fees when necessary. 2. Provide a summary of the organization’s renewed strategy. Netflix created a new renewal...
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...Netflix Analysis Netflix, Inc. is an internet television network. The company derives revenues from monthly subscription dues. Its members can watch as much as they want, anytime, anywhere, on nearly any internet connected screen. Members can play pause and resume watching, all without commercials or commitment (Netflix, 2014). Netflix does not have an actual mission statement, however, according to Reed Hastings, founder and CEO, their mission and vision is “to grow our streaming subscription business domestically and globally, continuously improving the customer experience, with a focus on expanding our streaming content, enhancing our user interface and extending our streaming service to even more internet-connected devices, while staying within the parameters of our consolidated net income and operating segment contribution profit targets” (Hastings, 2014). Nine company published values provide further clarification about the principles which guide its employees in their daily decisions and activities. Those company values as published are: judgment; productivity; creativity; intelligence; honesty; communication; selflessness; reliability; and passion. Hastings has expressed a clear vision for the future of Netflix, which is to become the best global entertainment distribution service, licensing entertainment content around the world and creating markets that are accessible to filmmakers, thereby helping content creators around the world to find a global audience. The...
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...Netflix Incorporated, Case Study Marketing 101-H1 Assignment 2: Case Study Analysis Group 4: Jagvir Bagri, Michael Catalfamo, Tina Hoang, Jason Rudzki Submitted to Dr. Youssef Ahmad Youssef Humber College Business School September 27, 2010 Introduction In the summer of 2011, the co-founder and chief executive officer of Netflix Inc. Reed Hastings, made the decision to separate the companies online streaming service from the DVD rental service. The DVD rental services mails out DVD’s to customers one video at a time and the streaming service allows customers to watch movies and television shows via the internet. Instead of charging each customer a flat rate for both services, as it had in the past, Hastings wanted to charge consumers for each service as its own separate entity. This meant each customer would now have two accounts (instead of one), pay considerably more in membership fees and still receive that same amount of content. Shortly afterwards, on July 12, 2011. Mr. Hastings, publicly announced the changes and informed his customers that they would come into effect in that coming September. In 2010, the business reported revenues of more than two billion dollars and had approximately twenty-million subscribers. After Hastings announced the split, his stocks fell by more than fifty percent from a one time high of more than three hundred dollars per market share. Stocks in Netflix continued declining quickly and before the end of the year, they...
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...We were on the “Oh, yeah, I forgot I was subscribing to that” plan. With the “Honey, we’ve had this National Geographic documentary DVD for two months — are we really going to watch it, or should we just send it back?” option. Then, in July, Netflix /quotes/zigman/87598 NFLX -7.37% tried to jack up the price of our subscription. Bad move. Why? Because it meant we noticed our subscription. Click to Play Has Netflix lost critical momentum? There were more woes for Netflix on Friday, as its shares fell another 5% and analysts continued to hammer on the drop management forecast in its U.S. subscriber base. Has Netflix lost critical momentum? Rex Crum reports. And so we cut it. It was only a few bucks. But there gets to be a point where you just get fed up leaking money at every pore. We already have two set-top boxes — from Apple and Roku — that allow us to stream videos on demand from a variety of different sources, including Amazon /quotes/zigman/63011 AMZN +1.00% , Apple /quotes/zigman/68270/quotes/nls/aapl AAPL -0.35% and Hulu, as well as Netflix. If I wanted to pay extra, I could get more of the same from Comcast /quotes/zigman/89307 CMCSA -0.35% as well. Apparently we weren’t alone in cutting our Netflix sub. The DVD rental and streaming company warned that the move was going to cost it a million subscribers. As recently as July 25, the company was expecting to have 25 million customers by the end of this month. Now it expects 24 million. That will actually...
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...Rondolph and reed Hustings Netflix reached 27 million subscribers at the end of January 2013.In the beginning when DVDs first came out to the market the CEO and one of the founder OF Netflix Reed Hustlings take this as an opportunity, The plastic disc small size and light weight make it cheap to send it through mail. Netflix takes advantage of the US postal services and send rental DVDs to customers through mail and accept returns the same way. With time Netflix has evolved into a company with reputation of low charge, unlimited movies without a due date, no late fees shipping or handling fees. Netflix then makes it more easier for costumers by introducing the online streaming options to watch movies at their on time when ever they are free. The online streaming allows subscribers to browse by many different categories, such as moods, qualities, story line, release dates, music, and cultures. Netflix search features are highly comprehensive making finding a film very relaxed and fun. If someone wants to watch a specific show but does not seems to remember the name of show it can be easily lookup by the starring actor. After selecting a title the online database of Netflix shows a DVD case and details about all the actors and actresses staring in the film/show. Environmental scan of Netflix. Internal Analysis Netflix vision and Mission Netflix does not have an Official published mission statement but at a conference in Dublin in Oct 2011 the co founder and CEO Reed Hastings...
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...Part Two This assignment will provide a justification of the scheme of work created. The scheme of work has closely linked two foundation subjects together, these are geography and art and design. Together, these compliment and enrich the children’s learning through a Take One approach. Take One Methodology begins with an initial stimuli chosen, in the scheme of work created this is a Dutch landscape painting which can be found in the Walker Art Gallery, (See Appendix One.) Using a stimuli is something which Bloomfield, (2000:138) supports, as they ‘are used to enhance children’s understanding.’ From this a plan of potential lines of enquiry should be created around the artefact chosen, (see Appendix Two.) This helps the practitioner to select one key line of enquiry, and from this, clear connections between subjects can be identified. This promotes cross-curricular learning, however Barnes, (2007:245) states that ‘cross curricular teaching is risky.’ This is something which Webb, (1996:93) identifies; however there are ‘no magical formula[s] for incorporating a crucial cross-curricular theme.’ Previous experience has shown that cross curricular practice will come when a wealth of experience and confidence is gained. The two subjects linked within the scheme of work are geography and art and design. Linking these together is something which Bloomfield, (2000:123) identifies as beneficial as ‘geographical understanding can be expressed artistically.’ It is believed by Althouse...
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