...Executive Case Summary – Case 3-3 Rendell Company Fitria Noviati / MM UGM International Class Case 3-3: Rendell Company Rendell Company that had been operating a profitable business for 50 years, but experienced a considerable slowed growth during the 1970s. Rendell hired its first controller in 1980 to address this exact problem. Rendell had seven divisions, with each division responsible for the manufacturing and marketing of their line of products. A controller was assigned to each of the seven divisions, and they reported to the general manager of their respective division. Frank Bevins, Rendell’s corporate controller, was concerned about the organizational status of his divisional controllers, as they do not report directly to him. Consequently, the company was experiencing difficulties in implementing its modern control techniques due to the strained relationship between the corporate controller and the divisional controllers. Problem Identification The primary problem faced by Frank Bevins was that he felt he was not obtaining adequate information from the divisional controllers regarding the divisions’ budget and performance reporting. He suspected that it was due to the fact that the divisional controllers reported to their respective division’s general manager. The controllers’ primary loyalty was therefore to their division’s general manager, hence a biased report to the corporate controller. Bevins was facing a dilemma of whether or not Rendell should ...
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...Case 3-3: Rendell Company Key Issue: The need for a change in the controller relationship. From a “Dotted Line” approach to a “Solid Line” approach Dotted Line: divisional controller reports to the divisional general manager. Some decisions (hiring, compensation) are to be be discussed with the corporate controller Solid Line: divisional controller reports directly to the corporate controller. • Manufacturing company: 7 operating divisions, all responsible for the manufacturing and marketing of a distinct product line. (Smallest: $50M Biggest $500M) • James Hodgkin: President Fred Bevins: Corporate Controller Old controller organization • Corporate Control Organization is responsible for: a) financial accounting b) internal audit c) analysis of capital budget • Budget Control System were prepared by each division and submitted to top-management (little analysis) Present controller organization • Hodgkin (controller at this time), thought it was essential that corporate control organization played a more active role in establishing budgets and analysing performance o Bevins worked the same way once he was named controller • Divisional Controllers reported to Divisional general managers o Corporate controller were consulted when hiring new divisional controllers or increasing divisional controllers salary • Budget and performance reports from each division is the responsibility of that division’s general manager (with the assistance of divisional...
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...3 Behauior in Organizations 111 Cmn 3-1 Rervonr-r- Coir,rpawy Fred Bevins, controller of the Rendeli Company, was concerned about the organizational status of his divisional controllers. In 1985 and for many years previously, the divisional controllers reported to the general managers of their divisions. Although Mr. Bevins knew this to be the general practice in many other divisionally organized companies, he was not entirely satisfied with it. His interest in making a change was stimulated by a description of organizational responsibilities given him by the controller of the Martex Corporation. The Rendell Company had seven operating divisions: the smallest had $50 million in annual sales and the largest over $500 million. Each division was responsible for both the manufacturing and the marketing of a distinct product line. Some parts and components were transferred between divisions, but the volume of such interdivisional business was not large. The company had been in business and profitable for over 50 years. In the late 1970s, although it continued to make profits, its rate of growth slowed considerably. James Hodgkin, later the president, was hired in 1980 by the directors because of their concern about this situation. His first position was controller. He became executive vice president in 1983 and president in 1984. Mr. Bevins joined the company as assistant controller in 1981, when he was 33 years old. He became controller in 1983. In 1980, the corporate control...
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...course handbook dealing with plagiarism” 1. Introduction Today, with the booming of the economy, environmental issues have been a growing concern. When industrial companies do some items will be damaging to the environment, for instance air pollutants or hazardous waste that are able to have a negative impact on the environment. A growing number of these behaviors lead to the serious environmental pollution. In this situation, many companies began to implement a new management method that is environmental management system (EMS). The EMS is a tool beneficial to the company, according to implement this system can measure and manage the impact of business activities on the environment. The successful EMS is able to reduce the operating cost, improve the efficiency, decrease resource use and waste, it is conducive to the development of the company. Therefore, the EMS is really important to a company (J. Morrison, K. Kao Cushing, 2000). 2. The advantages of environmental management system (EMS) for a company. An effective environmental management system (EMS) will let the company have a good corporate culture; so that staff knows most responsibility for protecting the environment, at the same time using the more systematic and professional methods to assess the environmental impact of the company, and looking for opportunities to reduce in energy and water usage, minimize waste and pollution. In addition, it can set clear targets to reduce environmental pollution...
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...Case 1-2 Wal-Mart Stores, Inc. 1. What is Wal-Mart’s strategy? What is the basis on which Wal-Mart builds itscompetitive advantage? Answer : * Wal-Mart’s strategy is selling branded products at low cost. * The basis is Wal-Mart deliberately ensured it didn’t become too dependant on any one supplier, no single vendor constitued more than 4 percent of itsoverall purchase volume. * Wal-Mart used “saturation” strategy for store expansion. The standard was tobe able to drive from the distribution centre to a store within a day. * Wal-Mart built large discount stores in small rural towns. 2. How do Wal-Mart’s control systems help execute the firm’s strategy? Answer : * Each store constituted an investment center and was evaluated on its profitsrelative to its inventory systems. Data from over 5,300 stores on its such assales, expenses, and profit and loss were collected, analyzed, and transmittedelectronically on a real-time basis, rapidly revealing how a particular region,district, store, department within a store, or item within a department isperforming. Information enables the company to reduce the likelihood of stock-outs and the need for markdowns and slow moving stock, and tomaximize inventory turnover. * Wal-Mart instituted several other policies and programs for its associates:incentive bonuses, a discount stock purchase plan, promotion from within, payraises based on performance not seniority, and an open-door policy. * Wal-Mart had also persuaded...
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...and Srikant M. Datar. Cost Accounting: A Managerial Emphasis. Eleventh edition. Upper Saddle River, NJ: Prentice-Hall, 2003 (or another cost accounting text) Kaplan, Robert S., and Robin Cooper. Cost and Effect: Using Integrated Cost Systems to Drive Profitability and Performance. Cambridge, MA: Harvard Business School Press, 1998. Kaplan, Robert S., and David P. Norton. The Balanced Scorecard: Translating Strategy into Action. Cambridge, MA: Harvard Business School Press, 1996. Porter, Michael E. Competitive Advantage: Creating and Sustaining Superior Performance. New York: The Free Press, 1985. Ronstadt. The Art of Case Analysis. Third edition. Lord Publishing, 1993. (1-800-525-5673) COURSE METHOD: The requiring reading for the course includes cases and chapters contained in the assigned textbook and supplementary materials. Most class...
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...difficulties and discomfort with their sanitary pads. The researchers believe that this product may not just solve the issues but also hit the market in a healthy way because of these unique features. Statement of the Problem This study is intended to evaluate the feasibility of manufacturing and selling negative ion- infused sanitary napkins. Specifically, it aims to evaluates and analyze the different areas of the product such as its marketing, technical, management, financial and socio economic aspects. Objectives of the Study The objective of this project was to determine the feasibility of manufacturing sanitary pads that are infused with negative-ion. All required information to conduct the study was supplied by RLR-Gi Company. Specifically, this study aimed to: * determine the profile of the major players of the Sanitary Napkins since the competition in producing this product is so tight in the market. The researcher aimed the following areas such as the services, capacity of industry, key success factors and its market. * conduct a structural analysis on the...
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...Deloitte Table of Contents ABSTRACT …………………………………………………………………… 03 INTRODUCTION …………………………………………………………………… 03 Company Background …………………………………………………………… 03 Service/ Objective …………………………………………………………………… 04 Division/Scope ……………………………………………………………………….. 04 WHAT IS ETIQUETTE? …………………………………………………………… 06 Trust …………………………………………………………… 08 Emotional trust …………………………………………………………… 08 Logical trust ………………………………………………………… 08 Survey …………………………………………………………… 08 Summary …………………………………………………………………… 09 Conflict of interest …………………………………………………………… 10 Conflict of Interest at the Individual level …………………………………………… 10 Conflict of Interest or Intellectual Bias ………………………………………… 11 Summary …………………………………………………………………… 11 Information access …………………………………………………………… 12 First Aspect of Definition …………………………………………………………… 12 Summary …………………………………………………………………… 13 Forgery …………………………………………………………… 14 First Aspect of Definition …………………………………………………………… 14 Hitler diaries ………………………………………………………… ………………14 Summary ……………………………………………………………………………15 Fraud Supplementation of Salary ………………………………………………………….16 False Statement …………………………………………………………………………16 Misuse of Government Property ………………………………………………………..17 CONCLUSIONS (CRITICAL THINKING) …………………………………………18 REFERENCES …………………………………………………………………..19 abstract Deloitte is one of the Big Four Accounting Firms. Deloitte...
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...Sydney Sheldon - If Tomorrow Comes If Tomorrow Comes Sydney Sheldon Hmmm, looks like another genie got out of the bottle Me Fiction Scanned and fully proofed by nihua, 2002-03-24 v4.1 CR/LFs removed and formatting tidied. pdb conversion by bigjoe. IF TOMORROW COMES by Sidney Sheldon, ©1985 BOOK ONE Chapter 01 New Orleans THURSDAY, FEBRUARY 20--- 11:00 P.M. She undressed slowly, dreamily, and when she was naked, she selected a bright red negligee to wear so that the blood would not show. Doris Whitney looked around the bedroom for the last time to make certain that the pleasant room, grown dear over the past thirty years, was neat and tidy. She opened the drawer of the bedside table and carefully removed the gun. It was shiny black, and terrifyingly cold. She placed it next to the telephone and dialed her daughter's number in Philadelphia. She listened to the echo of the distant ringing. And then there was a soft "Hello?" "Tracy... I just felt like hearing the sound of your voice, darling." "What a nice surprise, Mother." "I hope I didn't wake you up." "No. I was reading. Just getting ready to go to sleep. Charles and I were going out for dinner, but the weather's too nasty. It's snowing hard here. What's it doing there?" Dear God, we're talking about the weather, Doris Whitney thought, when there's so much I want to tell her. And can't. "Mother? Are you there?" Doris Whitney stared out the window. "It's raining." And she thought, How melodramatically appropriate. Like an...
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...Research Method (Sarah) Introduction The research method is outlined by an alternative study of the plan. This study will look at three main aspects: the technical specifications of the subject matter, the personal account, and the literary interpretation. The architectural plan is traditionally represented without the human figure, or as Robin Evans has pointed out, drawn as “amoebic” figures. Architectural drawings are often studied with a technical slant, although architecture has long been considered as “social artifact”1 . Thus literature, accompanied by photographic illustrations, is emergent as a device to test architectural apparatus, particularly in the domestic realm where aspects of dwelling and occupancy are not as closely recorded in formal documents as its physical history (e.g. building completion, demolition). This enables us to investigate the relationship between the building plan and its occupants, to understand the architecture as a dwelling. Technical specifications The Pearl Bank Apartments, built in 1972, was built to offer a transcendent mode of living that differentiated the uppermiddle class. More than its unprecedented stature that boasted an elite model of highdensity living, an interior component was specifically marketed as a key selling point — the living room. In the original Pearl Bank Apartments sales brochure, the text and images boast a large and brightlylit living room attached to a doublevolume ...
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...Gujarat Technological University Syllabus for New MBA Program effective from Academic Year 2011-12 (Also applicable to 2nd Year Students of 2010-12 Batch MBA Program) COMPULSORY COURSES MBA-II Semester-IV Sub Name: - Comprehensive Project Report – Industry Defined Problem (CP-IDP) Sub Code: - 2830004 In addition to Major Specializations, there will be over sixty Sectorial / Industry Areas for Practical studies in which theoretical papers / books are not to be taught in regular classroom sessions, but the teachers and students are free to use any available books, publications and online material to understand and guide the students for various sectors. Ideally, a teacher should study and specialize in at least TWO Sectors, so four teachers can guide 60 students in a class. (Reference: Appendix 1: List of Sectorial Areas for Comprehensive Project study given in Sem III Syllabus). This report is similar to the Grand Project, which was the part of earlier syllabus. The Comprehensive Project Report is based on the research methodology and students have to prepare the research report by using appropriate scientific statistical research tools for preparation of the CP in consultation with the faculty guide. (Please also refer the Guidelines for CP in MBA Semester III, as the same Project Title continues in Semester IV). A student has to opt for any ONE of the Sectorial Areas and study it thoroughly. The students may undertake the CP based on the selection of an Industry Defined Problem...
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...THE LIBYAN ASSET FREEZE AND ITS APPLICATION TO FOREIGN GOVERNMENT DEPOSITS IN OVERSEAS BRANCHES OF UNITED STATES BANKS: LIBYAN ARAB FOREIGN BANK v. BANKERS TRUST CO. Corinne R. Rutzke* INTRODUCTION United States asset freezes are political weapons invoked in response to international crises.' Traditionally, United States asset freezes have blocked foreign government assets within the jurisdiction of the United States.2 Following the 1979 Iranian hostage crisis, however, United States peacetime asset freezes have attempted to block dollar-denomi4 nated accounts3 held in foreign brancheS of United States banks.5 An important legal issue associated with the use of peacetime blocking * J.D. Candidate, 1988, Washington College of Law, The American University. 1. OFFICE OF FOREIGN ASSETS CONTROL, BLOCKED FOREIGN ASSETS IN THE UNITED STATES 1, 3 (1985) TREASURY PAMPHLET]. Historically, the blocking control orders, promulgated pursuant to section 5(b) of the Trading with the Enemy Act, authorized the President to regulate or prohibit any property transaction involving a foreign country or national during wartime. Trading with the Enemy Act of 1917, 50 U.S.C. app. § 5(b)(1)(B) (1982). Following the entry of the People's Republic of China into the Korean War in 1950, President Truman blocked Chinese and North Korean property within the jurisdiction of the United States. The Management of Blocked Foreign Assets in the United States, 12 INT'L CURRENCY Rzv. 37, 38 (No. 6 1980). Expanding...
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...namely, Retail, Pharmaceutical and Healthcare, Rural and Cooperatives, Public Systems and Policy, and Banking and Insurance. A candidate has to opt for one of the sectorial areas. In each semester of the second year there will be three compulsory courses, three electives and one sectorial course, thus making a total of six compulsory courses, six elective courses and two sectorial courses in the second year. Once a student opts for a particular elective and sectorial course in semester III, he/she will continue the same in semester IV. The institution conducting the programme can either offer all the electives and sectorial options or the minimum requirement of two for each. The institution is free to drop an elective or sectorial option in case...
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...Constitutional Law II Tebbe Spring 08 4 Equality and the Constitution 4 Class 1: Slavery and the Constitution 4 1. The Original Constitution 4 2. State v. Post 4 3. Dred Scott v. Sandford (1857) 4 4. Reconstruction 5 5. Post-Reconstruction Cases 6 Class 2: The Advent of American Constitutional Law: Brown 7 6. RACIAL EQUALITY 7 7. Brown I (1954) The segregation of children in public schools based solely on race violates the Equal Protection Clause. 7 2. Brown II 8 3. What was the constitutional harm in Brown? 8 4. THEORY 8 5. Subsequent School Desegregation 9 Class 3: Local Efforts to Desegregate: Parents Involved 11 6. Parents Involved 11 Class 4: Rational Basis Review: Cleburne, Romer, etc. 13 2. Tiers of Scrutiny 13 3. Beazer (1979) 13 4. Moreno (1973) 14 5. Cleburne (1985) 14 6. Romer (1996) 15 7. Nordlinger (1992) and Allegheny Pittsburgh (1989) 16 8. Lee Optical (1955) 17 Class 5: Racial Classifications and Heightened Scrutiny: Strauder, Korematsu, Loving 17 9. Heightened Scrutiny Analysis 17 10. Strauder (1880) 17 11. Korematsu (1944) 18 12. Loving (1967) 19 13. Theories Supporting Strict Scrutiny of Racial Classifications 20 14. Tiers of Scrutiny 20 15. Tiers of Scrutiny Table 21 Class 6: Facially Neutral Classifications: Washington v. Davis 21 16. Types of Discrimination (from Fall) 21 X. Disparate...
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...33 CHAPTER Newswriting basics Ready to write a simple news story? This chapter introduces you to the concepts and formulas all reporters have learned to rely upon. IN THIS CHAPTER: 34 Just the facts Be aware of what’s factual — and what’s opinion. 36 The five W’s The essentials: who, what, when, where, why. 38 The inverted pyramid How to write stories so the key facts come first. 40 Writing basic news leads Putting your opening paragraphs to work in the most informative, appealing way. 42 Beyond the basic news lead Not every story needs to start with a summary of basic facts; you have other options. 44 Leads that succeed A roundup of the most popular and dependable categories of leads. 46 After the lead . . . what next? A look at nut grafs, briefs, brites — and ways to outline and organize stories efficiently. 48 Story structure How to give an overall shape to your story, from beginning to middle to end. 50 Rewriting First you write. Then you rethink, revise, revamp and refine until you run out of time. 52 Editing Reporters have a love-hate relationship with editors. But here’s why you need them. 54 Newswriting style Every newsroom adapts its own rules when it comes to punctuation, capitalization, etc. 56 Making deadline When you’re a reporter, you live by the clock. How well will you handle the pressure? 58 66 newswriting tips A collection of rules, guidelines and helpful advice to make your stories more professional. ...
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