...Don’t Fall in Love With One Company Most people come into business school with an open mind. But as we progress through the recruiting cycle, it’s very easy to get attached to certain companies. Company presentations are designed to generate interest and put recruiting companies in the best possible light. When you start attending networking events, you’ll undoubtedly meet people you really like and can relate with. And you’ll hear about projects from those people that fascinate you. Eventually, you start picturing yourself working at said company and before you know it, you have a dream job you’re recruiting for. The problem with being focused on one company is that the recruiting process can be fickle and subjective. You could spend months researching, networking, and preparing to interview with your dream company. But all it takes is a single negative thought from an interviewer to crush those dreams. Even if you do everything right, there’s always the possibility that an interviewer simply won’t like you. In the world of MBA recruiting, the hiring companies definitely have an advantage: each company is going to screen several students and will only actually hire a select few. But regardless of your background, on any given MBA campus, there are plenty of companies you can recruit for. Don’t make your MBA experience entirely focused on one company. If you limit your possible outcomes for success, you’re definitely more likely to fail. Your MBA experience...
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...Getting Employees To Fall In Love With Your Company Just imagine that your employees choose to give their incentive bonus back to the company to help pay down the corporate debt, or show up at 6 a.m. Sunday morning for a nonmandatory quarterly meeting. Even more than that, how awed you are to see off-duty salaried employees wash and clean the company’s facilities. Getting Employees To Fall In Love With Your Company written by Jim Harris is definitely a book that helps you to turn your company into the type of place which will attract and retain all the brightest and hardest-working employees. Hence, the company can truly turn the levels of employee commitment and productivity into its distinct competitive advantage. I definitely agree as Jim Harris tells the reader at the beginning that this book is not a “cookbook”, rather it is a “lighthouse” with five powerful principles pointing direction for the managers to create the “employers of choice” companies of every employee in the market. Through balancing their business plans with an equally powerful strategic people plans, companies can keep the dream career alive in the extreme environment. With just about a hundred pages, Jim Harris has been able to capture the audience’s attention by real workplace examples of companies get their employees entertained and committed to the companies. For instance, the “sick and tired award” carried out by the CEO of North American Tool, it not only lets the employees enjoy the monetary...
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...With the rising cost of everything and fall of the economy companies are making cuts everywhere especially in the world of IT. In the past the IT budget was like a black hole anything the IT department wanted they basically got. Need the latest gadget sure no problem was the answer. Need a need desktops and servers even though we got them last year no problem came the answer. Now budget and management have realized that had to stop. IT folks now have to justify why the need something. This is especially true when comes to upgrading the system Operating System. Now IT department everywhere have to explain and show the added benefits of the new operating systems before management will sign off. This should pressure the likes of Microsoft and Apple to provide new and improved technology to their operating system but a lot of times this is not the case but slowly they might realize they have to setup and not provide things they think we need but go and provide enhancements that we are looking for. Back in the 1980s operating systems had to be bare bones due to the limited hardware that was in the computer. Computers back in the 1980 were lucky to have between 4 and 256 kilobytes, with 64 and 128 being common figures, and 8-bit processors, so an operating system's overhead would likely compromise the performance of the machine without really being necessary. When a person was lucky to have a word processor and office suite applications it would take over the machine completely. The...
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...Fall Hazards On The Job Nicholas J. Marsh Columbia Southern University The Problem With fall Protection In the Construction Industry Far to often the problem(s) with fall protection in the construction industry begins with workers not being properly trained. When it comes to fall protection companies either fail to give the proper training on fall protection. Companies assume that they have experienced men and woman working with them. A company may have hired a new employee and that employee may have been hired under false pretenses, the employee may have lied saying they have had lots of experience with fall protection. That’s why it is important for a company to have its’ own fall protection training in place. No matter how much experience a person may say they have that person may not be telling the truth so they can secure a job. Another problem with fall related accidents is that the safety equipment may be old and outdated, or have burns, and cuts. Companies are not always the ones to blame when a worker is injured from a fall. Some employees choose not to wear any fall protection, wear their fall protection improperly, or fail to inspect their safety equipment properly even though they have been properly trained to do so. You can lead a horse to water but you can make him drink it. Same holds true in the construction industry, you can provide all the safety training in the world and supply the best safety equipment, but it is ultimately up to the worker to choose...
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...Memo To: CEO of Company G From: Date: 12/29/2012 Re: Firms Financial Condition A comparison using a horizontal analysis of both the balance sheets and income statements from year 2011 and year 2012 has been completed along with a review of ratios and company trends to provide you with the financial condition of your home centers. After a careful review of the analysis, ratios and trends within the industry the outcome has been determined as followed: The Current Ratio measures a company’s ability to pay its short-term obligation with current assets. In year 12 company G has a current ratio of 1.79. This ratio has declined from last year of 1.86. When compared to the industry quartiles this ratio falls below the first quartile of 3.1 and below the second quartile of 2.1. This would indicate a weakness for the company. This determines the ability you have to pay back your short term liabilities. Monitoring this area to provide improvement is recommended. Sometimes called the quick ratio, this ratio measures a company’s ability to pay its short-term liabilities if they were to come due immediately without selling inventory. In year 12 Company G has a ratio of .43. When compared to last year this ratio has declined from .64. When compared to the industry quartiles this ratio falls below the first quartile of 1.6, above the second quartile of 0.9, and above the third quartile of 0.6. This would indicate a weakness for the company. The inventory turnover measures the amount...
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...Introduce the FTC � Provide an overview of transfer pricing 15.518 Fall 2002 Session 14 International tax systems � Territorial - no tax is generally due on income earned outside of the country in which the parent is located � Worldwide - all income is subject to taxation by the country in which the parent is located # US taxes worldwide income of citizens and permanent residents US taxes worldwide income of domestic corporations US taxes the US source income of nonresident aliens US taxes the US source income of foreign corporations # # # 15.518 Fall 2002 Session 14 Withholding � In addition to taxes imposed on earnings, transfers (interest payments, dividends, royalties, etc.) between a corporation and its foreign shareholders (individuals or corporations) are generally subject to withholding taxes. � The general withholding rate imposed by the U.S. is 30% of the payment amount. This rate can be reduced by tax treaties between the various jurisdictions 15.518 Fall 2002 Session 14 Some definitions � A domestic corporation is one incorporated in one of the 50 US states � A foreign corporation is one that is not a domestic corporation � We will focus on taxation of corporations rather than individuals or partnerships 15.518 Fall 2002 Session 14 U.S. Framework � Worldwide taxation � Elimination of double taxation � Deferral � “Arm's-Length” related party transactions � Business purpose 15.518 Fall 2002 Session 14 Worldwide Taxation � The U.S. taxes the worldwide...
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...weakness for the company because the numbers do not meet standards. This figure decreased slightly from 1.86 to 1.77 from year 11 to year 12. When we compare these numbers to the industry quartiles this ratio falls below the first and second quartile and above the third. B. Acid Test Ratio (Year 11=.64- Year 12=.44) Acid test ratio is the “volume of short-term assets to cover its immediate liabilities (investopedia)” without selling inventory. Any number below 1 for this ratio mean liabilities cannot be paid. From 2011 to 2012 this figure dropped for company G and is clearly below 1. It falls below the first, second and third industry quartiles which are 1.6, .9 and .6. There is reason for concern for company G when considering this ratio. C. Inventory Turnover (Year 11=6.1- Year 12=5.2) Inventory turnover is a ratio that shows how many times a company’s inventory is sold and replaced over a period (investopedia)”Company G decreased from 6.1 to 5.2 from year 11 to 12. This figure falls below all three quartile. Once again this weakness for Company G. D. Accounts Receivable Turnover(Year 11=32.2- Year 12=30.7) This is a ratio of net credit sales of a business to its average account receivable.Company G had a 32.2 in year 11 and dropped to 30.7 in year 12. This ratio is another weakness for company G as it falls below all three of the industry quartiles. Because this number is low, credit requirements will be strict for customers which will cause Company G’s ability to...
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...Communication be kept open at all times between the management and employees. 2.4 Workers who notice hazards or other safety problems, or feel that they need additional training, must notify their supervisor. 2.5 Supervisors and management at all levels must address these concerns and take corrective action when warranted. 2.6 All employees shall have knowledge of the safety requirements of their positions 2.7 Failure to comply with this program will result in disciplinary measures 2.8 This program sets forth the training requirements for the organization 2.0 Scope 2.1 This program applies to the OHS responsibilities of the company 3.0 Apllicability 4.9 This program applies to all employees, subcontractors and vendors of the company 4.0 HEALTH AND SAFETY RESPONSIBILITIES 4.1 Health and Safety Manager (Or management personnel if none assigned) 4.1.1 Administers all aspects of the occupational health and safety program. 4.1.2 Assists management and supervisors in the health and safety training of employees 4.1.3 Conducts inspections to identify unhealthy or unsafe conditions or work practices and completes written reports of inspections. 4.1.4 Recommends programs and activities that will develop and maintain incentives for and motivation of employees in health and safety. 4.1.5 Recommends disciplinary action for repeat violators of health and safety rules. 4.1.6 Develops and maintains...
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...Memo To | CEO, Company G | From: | Chelsea R Schulz | | | Date: | November 28, 2014 | Re: | Company G Financial Analysis | | | After reviewing the income statements for years 2012 and 2011 for Company G, I have compared the pertinent industry data alongside these statements to interpret the company’s current financial condition. Please review the information below: 1. Current Ratio: Company G’s current ratio is 1.79, this is determined by dividing the company’s current assets by its current liabilities to measure its ability to pay short-term liabilities. The company’s current ratio is considered a weakness as it falls in the low end ratio of the given industry data for comparable companies during this quartile which is 0.6. 2. Acid-Test Ratio: The Company’s acid-test ratio was calculated and resulted in a ratio of 0.43, which is a significant decrease from 2011’s ratio of 0.64. This ratio is a weakness for company G as the ratio of 0.43 falls below the low end ratio of the given industry data from comparable companies during this quartile. The acid-test ratio is calculated by adding the company’s cash, plus, short term investments and net current receivables and dividing the result by the company’s total current liabilities. This ratio shows if a company and pay all of its current liabilities if they were to come due immediately. Since the ratio of Company G is below 1, this is considered a weakness for the company and the management team should...
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...business decision. The risk management process involves identifying, analyzing, and taking steps to eliminate or reduce the loss faced by an organization or individual. Risk management utilizes many tools and techniques, including but not limited to insurance, to manage a wide variety of risks. All businesses encounter risks, some of which are predictable and controllable, and others which are unpredictable and uncontrollable. Risk Management is particularly vital for any business. Common types of losses—such as theft, fire, flood, legal liability, injury, or disability—can destroy in a few minutes what may have taken the company years to build. Such losses and liabilities can affect the day to day operations, reduce profits, and cause financial hardship. These hardships can be severe enough to cripple or bankrupt a company. Through proper Risk Management a company has a better chance of not only identifying risks but also has a better chance of recovery if the risk is not avoided altogether. When we see the people around us start to get sick, we analyze this and take preventative measures to avoid getting sick ourselves, i.e. vitamins, supplements, and anti-bacterial sprays and hand soaps. This increases our chances of not...
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...information, and insights to individuals making decisions. Unfortunately, some companies take business research to the next level and participate in unethical research. The following information about unethical research, injured parties, unethical behavior, and how to avoid unethical behavior are based on the article Cigarettes with “Defective Filters Marketed for 40 Years: What Philip Morris Never Told Smokers” (Pauly, 2002). Unethical Research According to the article Phillip Morris a major supplier of cigarettes world-wide has been selling filtered cigarettes for over 40 years with some major issues. While the cigarettes are made in the factory some of the micro filaments in the filter break making fragments. When the consumer goes to smoke the cigarette these fragments release when the individual is puffing. The problem with this is cellulose acetate fragments and carbon particles are released; when this occurs the filter is defective. Phillip Morris was aware of this problem naming it “fall-out” but did not disclose this information to the public and alert consumers that the product may be releasing harmful chemicals that are not normally released. Upon further review of Phillip Morris documents 61 documents containing information regarding fall-out were reviewed and the earliest reference to filter fall-out came from 1957 (Pauly, p. 51, 2002). “A 1999 report that details the revisions of the “fall-out” protocol of the Phillip Morris, Inc., and reports the results of tests...
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...per Share (EPS): 19 Return on Equity (ROE): 20 Return on Assets (ROA): 21 Return on Capital Employed: 22 ACTIVITY ANALYSIS RATIOS 23 Operating Cycle 27 Assets Turnover Ratio 30 Working Capital Turnover Ratio 31 CAPITAL MARKET ANALYSIS RATIOS 32 Price earnings ratio(PE): 32 Dividend Yield Ratio 34 Market to Book Ratio 35 Dividend Payout Ratio 36 STATIC ANALYSIS: 37 REFERENCES: 44 INTRODUCTION TO THE PROJECT The project covers the trend analysis of Ferozsons, a pharmaceutical company in Pakistan, and the static analysis of the same with its major rival, Glaxo Smith Kline Pakistan Limited FINANCIAL RATIO ANALYSIS: The financial statements are essential but they are only the starting point for successful financial management. Financial Ratio Analysis is applied to Financial Statements to analyze the success, failure, and progress of the business. Any successful business owner is constantly evaluating the performance of his or her company, comparing it with the company's historical figures, with its industry competitors, and even with successful businesses from other industries. Ratio Analysis also enables the business...
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...Intro 1.0 Capital Safety is the global leader of fall protection, confined space and rescue equipment. RFID (radio frequency identification) is a wireless data collection technology. RFID technology has the ability to identify, track and assign information to unique items without direct contact or line-of-sight scanning. I-Safe TM consists of passive RFID tags (transponders) that can be scanned by mobile readers (receivers) that synchronize data to a web-based secure information portal. Abstract 1.1 The project at hand being studied is on how radio frequency identification system (RFID) has been implemented to help better manage capital safety’s fall protection equipment. The information system being used has become an important role on how they manage their product to help, cost, improve safety compliance, reduce risk, and enhance safety within government regulations. Capital safety has become the global leader in fall protection. With the use of radio frequency identification device they can tract and maintain their equipment in timely manner. 1.2 Author and Team Member Group Project Assignment #5 Mohamed Mohamed, Lei Thongvivong Travis Boyd, Zach Jones Carl Bisciglia, Yong Yang Table of content 1.3 Target of study 1.4 Capital safety is the organization being studied in our group. They can be identified by their NACIS and SIC codes that put them in industries like: oil and...
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...petroleum, power and telecom companies will bear the brunt of a weak rupee. But, sectors such as software services and pharma, with major export revenues, will benefit, though the extent of gains at the net profit level will hinge greatly on their foreign exchange hedging policies. Ads by Google • New Launch Villa Project3.5 & 5.5 BHK Luxury Villas in Pune Your island of Peace 2.5cr onwards Gera.in/Isle_Royale_Villas_Bavdhan • HDFC Life™ Term PlanPremium Starts@Just रु 2000/yr. No Medicals upto 75L Cover* Buy Now www.buyhdfcslonline.com The ET Intelligence Group analysed the impact of a weak currency on select sectors. Pharma: Most companies in the sector will gain from the rupee's fall, since a substantial proportion of their revenues comes from exports. A strong US dollar and yen will boost net sales and operating margins. Gainers: The major gainers will be Dr Reddy's Lab, Sun Pharma, Lupin, Glenmark, Wockhardt and Cadilla Healthcare as they derive significant earnings from overseas markets. Analysts reckon that with every Rs 1 movement, the earning per share of these companies will change by 1-2%. For Cipla, which focuses mostly on the domestic market, rupee's fall could be largely neutral. Aurobindo Pharma and Jubilant Lifescience may not gain much since they have huge foreign borrowings of up to $600 million (about Rs 3,600 crore). Software: The operating margins of software service exporters tend to go up by 30-35 bps when the rupee falls by 1% against the US dollar...
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...Executive Summary LJB Company, Internal Control Review B. Thayer ACCT-504 – March 2013 Table of Contents I. Sarbanes-Oxley Requirements II. Internal Controls – Correctly Implemented III. Internal Controls – Not Correctly Implemented IV. Conclusion The president of LJB Company, a local distributor, requested our company to evaluate their system of internal controls because they are planning to go public in the future. The President wants to be aware of any new regulations required of his company if they do go public. Understanding the rules and regulations which need to be followed is very important because if not followed the “potential penalties for altering documents can be up to 20 years in prison. In addition, anyone knowingly violating any provisions of Sarbanes-Oxley or SEC rules can be subject to a fine and up to 10 years in prison.” In order to go public all companies must follow the Sarbanes-Oxley requirements. These requirements were created and put into place “to protect shareholders and the general public from fraudulent practices and errors in accounting on multiple levels.” Listed below are the five requirements. 1. Disclosure Controls: It is the corporate responsibility of a company to implement a set of guidelines that will ensure proper financial disclosure. 2. Disclosure in Periodic Reports: References the off-balance sheet items that could possibly be used in a fraudulent manner. This section stipulates...
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