...Case (individual assignment) Case: Star River Electronics Ltd. Student ID: By submitting this coversheet and case, I acknowledge that I have not given nor received any assistance on this assignment. If I used an editor the editor did not comment on the content, i.e., issues, analysis or recommendations. Introduction Star River Electronics is a joint venture company known to be a large manufacturer and supplier of high quality CD-ROMs to software companies. The joint venture company was founded in Singapore by Era Partners, an Asian venture firm, and Starlight Electronics Ltd, a UK company. In the past, Star River Electronics (reputable for producing high-quality discs) experienced a great success in the industry. In the 1990’s, the high demands for CD-ROM lead to more competitors entered the market, which caused a huge price reduction and posed a threat of liquidating for many participants of the market. The newer storage devices such as the DVDs are a huge threat to Star River due to its 14 times more storage capacity. The market share of the CD drives is expected to drop from 93% to 41% for an increase in the share of DVD drives from 7% to 59% by the year 2005. Key Issues Star River is going through a difficult period with the increasing threat of the DVD drives and the change in top executives. Adeline Koh, the newly appointed CEO, needs to address immediately the expected financial performance of Star River in 2002 and 2003. It is a critical issue...
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...Star River Electronics Ltd. Executive Summary Group 6 Josh Patience Eli Hohbach Mary Chicoine Star River Electronics was founded as a joint venture between Starlight Electronics Ltd., United Kingdom, and an Asian venture-capital firm, New Era Partners. Star River Electronics produced CD-ROMS as a supplier to major software companies. In the last two years, CD-ROM sales have grown at a healthy rate, however, their unit prices have dropped due to the introduction of digital video discs (DVD’s). Tasked with a declining trend in CD-ROM usage, and a growing usage of DVD’s in the market, Star River hoped that their newly installed capacity would help them stay in the market and increase their proportion of revenue from DVD’s. Star River Electronics steady growth rate of sales of 15% is one positive sign from the analysis, however, there’re many red flags concerning Star River Electronics. The operating margin, return on sales, return on equity and return on assets all seem to decline from 1999 to 2000. There was also a giant jump in inventories from 1999 to 2000. This would explain their newly installed capacity that they were talking about earlier. This new capacity was more than likely financed with debt as their debt/equity and debt/capital ratios all had a significant jump in 2000. Linked with declining sales in CD-ROM’s and an increasing amount of debt; one could believe that the riskiness of Star river Electronics have gone up. The financial forecasts for 2002...
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...Corporate Finance 2 March, 2015 Case 26 – Star River Electronics Ltd. Introduction Star River Electronics is a joint venture between England’s Starlight Electronics Ltd. and an Asian venture-capital firm, New Era Partners. Star River Electronics is based in Singapore, and its mission was to manufacture CD-ROMs as a supplier to major software companies. Star River Electronics has gained fame in the industry for producing high quality discs. As the optical and multimedia products became more and more popular in the mid-1990s, CD-ROM manufacturing industry experienced rapid growth during this time. Due to this effect, small manufacturers overreacted, creating oversupply that pushed prices down by as much as 40%. Consolidation followed as less efficient producers went out of business. Because of its superior reputation, Star River was able to survive the shakeout. While other CD-ROM manufacturers floundered, Star River’s volume of sales grew at a robust rate in the past two years. Unit prices, however, had declined because of increasing competition in the market and the growing popularity of substitute products, especially digital video discs (DVDs). DVDs had 14 times larger storage capacity and is a threat to displace CD-ROMs. Although, CD-ROMs still comprised 93 percent of all optical-disc-drive shipments in 1999, a study predicted that this number would fall to 41% by 2005, while DVD drives would fill the remaining 59%. Star River Electronics had begun to experiment with...
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...Running Head: EVENT MANAGEMENT Major Event Management [Name of the Writer] [Name of the Institution Major Event Management Introduction The International Fashion Stylist Association is organizing a one day fashion event in London. The goal of the event is to promote creative talents, to stimulate creativity and to create new networking and employment opportunities. The name of the event has been suggested to be "Fashion Fiesta". 8th June, 2013 is the date suggested for the event. Event will feature the fashion related activity in London, a fashion show of the best local emerging designers and a networking dinner. "Fashion Fiesta" will be an invitation-only event and the target audience will consist of major fashion journalists, fashion bloggers, representatives of national fashion schools, famous fashion designers, fashion company managers, fashion entrepreneurs, local opinion leaders and local authorities. This is an event management plan which will include all the major aspects of the event "Fashion Fiesta". It will include the accommodation suggestions for all the guests coming in out of town, transfer plan and the vehicles needed and fashion related activity to be organized during the day on a sign-up basis. The venue of the event will also be looked upon in the report, as well as, the event agenda. An Event Marketing and Communication Plan in order to reach the target audience will also be included. A list of potential sponsors and suppliers...
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...existed though there was still a dire explanation sought of the galaxies: are there any other habitable planets out there? What was the history and chemistry of our planets thousands of years ago? These questions inspire our most ambitious endeavors of space and Mars exploration and moon landings. With Mars being a planet with extreme similarities such as: mountains, canyons, rocks, dry river valleys, polar ice caps and water in the clouds. If we could understand the geological history of Mars, it would be a step closer that grants limitless technology and opportunity. The Kepler mission is another huge endeavor for which we are now able to detect other planet that orbit other stars; in essence, we have found other solar systems other than our own that habitable. This, just like other discoveries, is leading us one step closer to unveiling possibilities that extend beyond our feeble minds. The transit method detects extrasolar planets by measuring the brightness of stars. By observing the radiance of light from a star, Bobby Bolin 9/19/12 when there are orbital systems, a planet will cross the star and block the light where we can then calculate the size and mass with the Kepler’s third law of planetary motion....
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...1. Task 1 Analyze current scale, scope and diversity of the hospitality industry so that your report will help The Mittal Group to take a decision. 1.1, M1 Assume that if I am a senior team member in “Expert Business Consultancy Firm” then my role is to show/give the information about the current scale, scope and diversity about the hospitality industry so that The Mittal Group will invest in hospitality industry and the information was briefly describe given below:- 1.1 Hospitality industry The Standard Industrial Classification (SIC) (1968) defined it as 'establishments (whether or not licensed for the sale of intoxicating liquors) providing meals, light refreshments, drink or accommodation (.Jones, 1996). Knowles (1996:2) further describes the hospitality industry as 'any combination of the three core services of food, drink and accommodation...a blend of 'tangible and intangible elements - and the service, atmosphere and image that surrounds them. Hospitality defines as the “reception and entertainment of guest, guest visitors with good well and friendly service”. Hospitality Industry is responsible for warm and friendly service to the people who have left their home for different propose service may differ depending upon type of the guest. Some of the examples of the hospitality industry are hotel, restaurant, pubs, nightclubs, travel agency, airlines, hospital etc. (Gurung, 2010) As Nepal is a country of Mount Everest, birth place of Lord Gautam Buddha...
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...Famous Stars in our Galaxy There are about 300 billion different stars in our galaxy. All of which contain different history, characteristics and general information. They each contain their own story of how they came about. Many of these stars are a part of a certain constellation and have been around for billions of years. Polaris is one the best known stars. (“How Do Stars Form,” n.d.) This star is known by many names like the North or Pole Star. Polaris has not always been the North Star and will not always remain the North Star. As centuries change the North Star will also do so. “A famous star called Thuban, in the constellation Draco the Dragon, was the North Star when the Egyptians built the pyramids.” (earthsky) Polaris will remain as the North Star for many more centuries to come. There was a time where people depended on their lives on this star to guide them. Fortunately, they used the North Star and the Big Dipper without getting lost. “. When slavery existed in the United States, slaves counted on the Big Dipper (which they called the Drinking Gourd) to show them the North Star, lighting their way to the free states and Canada.” (earthsky) Polaris is not hard to miss in the sky; it is the 50th brightest star and does not disappear. The reason this star will not disappear is due to the fact that the Earth’s axis is aligned pointing towards Polaris in the same direction North faces but will eventually shift over time. In comparison to the sun, this star is 10,000...
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...MAJESTICA HOTEL IN SHANGHAI? On March 20, 2005, Richard Roy, executive vicepresident of Majestica Hotels Inc., was in China, for negotiations with Commercial Properties of Shanghai Limited (CPS). They were discussing a possible management contract under which Majestica would be the operator of a new luxury hotel there owned by Shanghai Industrial Holdings. Majestica Hotels Inc. was one of the world’s leading operators of luxury hotels. The expansion into mainland China had been on management’s agenda since 1999. The opportunity emerged in late 2003 when a close friend of Majestica’s chief executive officer (CEO) revealed that CPS was looking for an operator for its new luxury hotel under construction in Shanghai. Majestica immediately sent representatives to Shanghai to explore the possibility of becoming the operator. Majestica’s proposal was welcomed by CPS, and a letter of intent was signed on August 20, 2004. However, in discussions regarding the management contract, the two parties had reached a deadlock. The key issues to be resolved were the contract term, and the responsibilities and rights of Majestica as the operator, and CPS as the owner, of the hotel. This Shanghai deal was important for Majestica’s global expansion. It would not only provide Majestica with the opportunity to enter the China market but could also set a precedent for Majestica’s future expansion in other emerging markets. MAJESTICA HOTELS INC. Majestica was founded in 1970 in Western...
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...THE UNIVERSE When we look up in the night sky we can see the stars and the moon. And because it is natural to be curious, we ask questions and we want answers. When our view was limited by what our eyes could see, the sky was our Universe. Then the telescopes deepened our view, photography enhanced it, and spectroscopy broadened it. The universe grew from a sky of stars to a realm of galaxies, to an expanding universe of galaxies. Many people believe that nature, the sun and moon, the star, even human beings never had a beginning. There is an endless, external cycle of birth, life and death that constantly repeats itself and it never began and will never end. In the Book of Genesis in the Bible, it was written that at first the world did not exist and that God is the only one who existed. So He created the world. The universe is the totality of everything that has ever existed. It is so large that it contains billions of stars, and all of the planets, galaxies and all of space. The study of the universe is called Cosmology. Traditional Views about the Universe 1. Geocentric Universe Greeks believed that the earth was a sphere that stayed motionless at the center of the universe or the geocentric (Earth-centered) view. Orbiting the earth were seven wanderers (planetai in Greek) including the sun, the moon and the known planets, Mercury, Venus, Mars, Jupiter and Saturn. Greece was centered as the “Golden Age” of early astronomy. Claudius Ptolemy created the book Almagest...
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...Proceedings of the 15th Annual Conference of the Association for Chinese Economics Studies Australia (ACESA) Guanxi Neglect at the Roaring Dragon in South-west China: The demise of an International Management Contract Stephen Grainger1 University of Western Australia ‘guanxi neglect – neglecting opportunities to show respect towards guanxi relationships’ Abstract This paper introduces the concept of guanxi neglect through a case study that describes the takeover of a formerly Chinese managed hotel by a western based, international hotel management company. Specifically, it covers the cultural conflict that occurred for employees trying to adapt from the former Chinese relationship (guanxi) based planned methods of hotel management to that of the more market oriented, management company. Conclusions that are drawn highlight cultural characteristics and issues that companies taking over or approaching joint-ventures with SOEs, are advised to be aware of. In recent years, the hotel business environment in south-west China has undergone significant changes. China’s opening-up has encouraged an outbreak of new hotel construction and property speculation as companies and investors hope to cash in on the domestic and international exposure of the unique region. Prospects for growth in the number of tourists and investors visiting the region in the future were good. 1 Correspondence to: Stephen Grainger The University of Western Australia Perth, W.A., AUSTRALIA Email:...
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...Ministers, Foreign Dignitaries, Saints from all cultures and religions were gathered just to witness the festival of Art, Culture and People under the sky… And what they witnessed and experienced was truly unforgettable, unbelievable and mesmerizing… I am blessed that I was fortunate enough to be a part of it, that I could witness the magic and carry memories with me… It felt that the stars have come down on earth and are illuminating the world stage… No words to express… But, as they say that the world is filled with people who have nothing better to but to criticize… Yes, as we all know, there was hue and out cry, criticism and agitation against the WCF… People who can’t bear to see anything good happening were the first to jump in shouting that this event will destroy the Yamunaji( of course Yamunaji, as the Rivers are scared to us…)flood plains (the same flood plains, where the Akshardham temple is situated, the CWG village is located and hundreds of illegal buildings are constructed… They very conveniently turn a blind eye to all this)… The event will pollute the Yamuna River ( like...
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...an elaborate explanation of the birth of a star stretched out into an array of words. The "Red Giant"a dying star in it's last stages of evolution, Is the star that will soon be replaced towards the end of the poem concluding a new star. The title Super Nova meaning a star is born contributes to the readers understanding because it is the "symbol" Object or action that means more than it's literally meaning, of the poem and the whole meaning of it really. The author Udiah I don't think is speaking directly, I think the poem is in third person and he makes it seem as if the planets are telling the story themselves or some foreign force. The situation in the poem is the amount of force in outer space that it takes for an old star to die and new one to come about. Although the poem is very vast and interesting there are some references that need explaining such as how the birth of a star happens exactly, I don't think an average reader would understand necessarily the science behind it. Some of the words I looked up helped me find better meaning in the poem, Nuclear Fission a nuclear reaction of a radioactive decay process in which the nucleus of a particle splits into smaller parts. This particular word is used at the beginning of the poem, means to me that the red giant has exhausted it's supply of hydrogen and can no longer hold it all in anymore, there forth letting go. The poem develops on an Idea, an idea of a new born star. I think that Udiah must have some interest...
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...“Star Light, Star Bright, Where are you now?” As I was reading the article, I was surprised to know that there was such thing as “light pollution”. It was rare for me to hear this kind of pollution. The cause of this kind of pollution is too much light directed toward the sky. I even wonder at times when I look up unto the skies and see no stars at all. I didn’t realize that this was because of light pollution. It was because of this article that I’ve learned a lot about light pollution. The presence of light pollution makes it impossible for us to see the stars, because there are way too many artificial lights that brighten up the night. Few of the causes of light pollution are: bright lights from homes and buildings, light from vehicles, street light that have a shape of a cylinder, and billboards lit form the bottom. Starless nights may not be a big problem for us, ordinary people, but for astronomers who study the heavenly bodies, this is already a huge problem. Even with the use of telescopes, the glare of the light may still affect their observations which results into inaccurate results. Astronomers are not the only ones affected by this pollution. Even the nocturnal animals are affected too. Light pollution could ruin their natural habitat and overall behavior. There are ways to reduce the effect of light pollution, and this is through the use of: Light with timers, Motion-sensor lighting, and Full...
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...Universe Works In this video, we were treated to a visionary description of how the solar system and planets were formed. The producer and director of this feature did an excellent job in explaining and depicting the theory of how our solar system was formed billions of years ago. As an amateur astronomer, I truly appreciated the detailed facts because they were easy to follow; there was not a lot of scientific mumbo-jumbo that only astronomy professionals could understand. My favorite element about this documentary was that there was such detail and color in the graphics that I felt like I was actually in space, close enough to the stars and planets. The images of the Eagle nebula and the Horse head nebula were remarkable; the image from the Hubble telescope of the Orion nebula with the spinning disk of dust and debris spinning around a young star was so extraordinary. It blew my mind how that tiny image was indicating that a solar system was being born. The only thing that left me a little perturbed was the narrative about how eventually Earth will collide with another planet and it will be the end of humankind as we know it. I understand that it is a cycle and obviously our solar system was created by the resulting violent chaos from billions of year ago, so it is likely that in the future, Earth will be destroyed in the same way. It was just a little scary and depressing to hear that in the film and then see a powerful simulation of a planet crashing into Earth. However...
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...brightest appearing stars in the sky would give you a biased luminosity scale and an unrepresentative sample of stars. -The stellar parallax measures the relative distances from stars to different positions of the Earth in order to measure luminosity. It is done by using distant stars as a fixed reference system so that if a star is observed in respect to the distant stars today, and then measured again in six months, a small shift in movement will be recorded. It is absolutely necessary for there to be “distant stars” or less bright stars as a frame of reference otherwise the angle measurements would have nothing to compare against. Thus, it creates a biased scale of recorded luminosity. 2. Explain the overall concept of pressure support (against gravity) in stars and why stars are unstable if they are not generating energy in their cores. -The concept of pressure support can be explained through the internal gas pressure. The internal gas pressure is attempting to expand and dissipate our ball of gas, while the self-gravity of the gas (due to its mass) is trying to collapse the ball. As the gas gets hotter, the internal gas pressure increases. Then, it reaches a point of stabilization between gravity and pressure support. -Stars are unstable if they are not generating energy in their cores because the energy generation prevents the collapse of the star. Energy generation is occurring in its core, and this provides gas pressure which prevents collapse of the star. Thus, if the...
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