...Case Scenario 2 1. Introduction to Virgin Blue – Low Cost leisure travel for Australians. - The airline was developed to service the Australian domestic leisure travel segment as a low cost airline with low prices, one class of ticket, and minimal on-board, complementary services. - In 2003, virgin blue holdings floated on ASX with core business being provision of travel services to leisure travellers in Australia and overseas - Pacific Blue in 2004 - Polynesian Blue in 2005 - Virgin Australia 2009 long haul airline servicing the trans-pacific 2. Introduction to Australian Domestic Airline Industry 1. Industry Product Segments Business Travel (57.1%) - Full fare Passenger transport by business and government travellers - Demand is based on business conditions and the need to travel - The cost of airfares is not necessarily an important factor - Video conferencing has a negative impact on growth in this segment. Leisure Travel (29.4%) - Comprises of low fare passenger transport by leisure travellers - Price is an important factor and is normally the first issue considered when planning a trip - Heavily discounted tickets are a strong driver of passenger growth in this segment Freight and others (13.5%) - Freight transport – time sensitive and high value to weight items - Others – excess luggage, late fees...
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...Leader We know that manager is a person who can manage and control but the main goal of this essay is to tell about the people who could combine first and also be a leader. But I want to tell about the person who is a manager and leader and at the same time an innovator too. China has the most self-made women entrepreneurs in the world, which was validated in the Hurun List of Self-Made Women Billionaires. Zhang Yin also known by her Cantonese name Cheung Yan, is a Chinese entrepreneur and is the richest individual in greater China. She is the founder and director of the family company Nine Dragons Paper Holdings, a recycling company that buys scrap paper from the United States, imports it into China, and mainly turns it into cardboard for use in boxes to export Chinese goods. The company is China's biggest paper maker. Zhang Yin and her husband left for the United States. In America, the enterprise that would become Nine Dragons was born. Because there was a shortage of paper materials in China, her paper trading business was not doing as well as Zhang would have liked. In the U.S., however, she had no such problem. There was plenty of waste paper everywhere she and her husband looked. Zhang set up a system to collect and bundle the paper in America, then send it to China to be processed into usable paper products. Once the waste paper was converted into boxes, cardboard, and other paper products; they were sold. Ironically, although the American...
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...CHEUNG YAN: CHINA’S PAPER QUEEN i) Summary of the case Cheung Yan, the co-founder of the Nine Dragons Paper Holdings Company has been one of the richest woman in China with a fortune of US$ 1.35 billion back in November 2006. Cheung was a truly successful business leader in Asia. She started off by setting up a paper recycling unit called America Chung Nam in the United States as the market in Hong Kong was too small for her ambition. The unit collected waste paper and shipped them to China from United States. She soon realized that there was a huge opportunity for her in China as the demand for export packaging were rising. In 1990, Cheung took a bank loan together with the support of her brother and husband, she successfully established Nine Dragons in Dongguan, China. The unit started off with two paper machines and made 600,000 tons of kraft linerboard per year.Cheung’s vision was to make Nine Dragons the biggest ,most efficient and environmentally friendly paper company. It was expected by 2009 Nine Dragons would be Asia’s top producer of packaging paper and the first in the world in terms of production capacity. Fortunately as of August 2008, Nine Dragons was already the largest producer of containerboard products in China in terms production capacity. Cheung’s success was attributed to Nine Dragon’s strategy to produce at lower cost and economies of large scale production. In terms of efficiency, Nine Dragons continually looked at technological improvements to achieve...
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...Feb 24 14 Nine Dragons Paper (Holdings) Ltd. announced consolidated unaudited earnings results for six months ended Dec. 31, 2013. For the period, the company reported sales of RMB 14,713,844,000, operating profit of RMB 1,759,379,000, profit before income tax of RMB 1,213,999,000, profit for the period of RMB 982,678,000, profit attributable to equity holders of the company of RMB 972,602,000 or RMB 0.21 per basic diluted share, net cash generated from operating activities of RMB 1,500,859,000, payment for property, plant and equipment of RMB 1,456,766,000 compared to the sales of RMB 14,725,654,000, operating profit of RMB 1,647,722,000, profit before income tax of RMB 866,773,000, profit for the period of RMB 677,151,000, profit attributable to equity holders of the company of RMB 658,469,000 or RMB 0.14 per basic diluted share, net cash generated from operating activities of RMB 1,765,646,000, payment for property, plant and equipment of RMB 2,883,676,000 for the same period a year ago. The directors of company recommend the payment of an interim dividend of 2.0 RMB cents against 2.0 RMB cents per ordinary share a year ago, totaling approximately RMB 93,324,000 for the period against RMB 93,258,000 a year ago. Such interim dividend has been approved in the meeting of board of directors of the company on 24 February 2014, which is expected to be payable to the shareholders by post on or before 18 July 2014. The dividend will be payable to the shareholders whose names appear...
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...Fisher & Paykel Appliances Holdings Limited FPA Stock Exchange Release ASX/NZX 17 April 2008 Fisher & Paykel Appliances Announces Global Manufacturing Strategy Fisher & Paykel Appliances today unveiled its new global manufacturing strategy. As announced earlier today, the Company has acquired land and buildings and a refrigeration manufacturing plant located in Reynosa, Mexico. The new global manufacturing strategy involves shifting three of the Company’s manufacturing facilities to a combination of existing sites in Thailand and Italy and its recently purchased facility in Mexico. Inclusive of the Reynosa acquisition and the new North American DishDrawer line announced late last year, the financial benefits arising from the new strategy are expected to be in the vicinity of $50 million per annum, at a one off cost of approximately $50 million, both at a pre tax level. Capital expenditure is estimated at approximately $100 million. The cost of the moves will be substantially funded from the sale of what will become surplus property in New Zealand and Australia, which is expected to realise approximately $100 million. Additional savings are also anticipated from the sourcing of components from the respective local vendors. Working capital required for the shifts will be globally neutral. The one off costs of the relocations will be substantially provisioned for in the 2008/09 financial year. The Range & DishDrawer factory in Dunedin, New Zealand, along with the refrigerator...
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...Company: Toll Holding Limited is a major Australian transportation and logistics company with operations in road, rail, sea, air and warehousing. With an Asia Pacific focus, Toll operates a network of 1,200 sites across 50 countries, providing customers with global reach. After its listing on the ASX in 1993, Toll responded to increasing customer demand for complete end-to-end logistics solutions by progressively building its reach and service capabilities via a program of expansion and strategic acquisitions. In the process, Toll became one of the Asia Pacific region's leading providers of integrated logistics services, employing around 40,000 people across some 1,200 locations in more than 50 countries. In 2014 the company generated total revenue of $8,899,100,000 including sales and other revenue. (http://clients1.ibisworld.com.au/reports/au/enterprisepremium/default.aspx?entid=3516) The Toll Group has five operating divisions: Toll Global Forwarding provides international freight forwarding and supply chain management services that range from complex supply chain services through to port-to-port freight forwarding movements. Toll Global Logistics provides specialist contract logistics. It offers transport, warehousing and value-added services including: freight transport services, distribution services, warehousing, cross docking, wharf services, supply chain services and finished parts logistics. Toll Resources & Government Logistics provides logistics...
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...period’.(http://www.businessdictionary.com/definition/statement-of-owners-equity.html viewed April 20th) The statement of equity for the toll company is displayed in a table format clearly, with two-sub headings total comprehensive income for the year, and transactions with owners, recorded directly in equity. Underneath the heading there are sub headings, which clearly identifies in which category the figures go. At the bottom of the table it shows the balance of that financial year. The statement of equity report is useful to the owners as its vital to their future decision- making and it shows how much profit or loss is left over for the individual equity. Accounting standards have been established to govern the use of appropriate measurement and reporting rules in the financial statements. The statements report is on a monetary terms. The reports are to be presented fairly, clearly and completely of the entity. The statement of Equity for the toll company is reported in the annual report, which is prepared at the end of each financial year. In the year 2009, the balance was two million five hundred and ninety nine dollars and ninety cents. In the following year 2010, there was a slight increase in the balance of equity by one hundred and twenty seven thousand dollars and one hundred dollars. The company Toll Holdings Limited prepared their reports according to the accounting principles. The purpose of doing the financial reports according to the accounting standards...
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...Vietnam analysis Vietnam analysis This year’s MBA fieldtrip to Vietnam aim was to examine the different approaches adopted in order compete in a highly competitive global business environment. The visit involved either visiting or having the opportunity to meet six businesses senior managers of successfully organisations operating in Vietnam and a non-for-profit organisation. The six businesses were either multinational organisations or local businesses from a wide range of industries, such as: * Hive Corporation, * Media Partners Asia Ltd, * Samsung Group, * Toll Group, * Johnson & Johnson, * Minh Long Co, The non-for-profit organisations name was Long Hoa Boys Orphanage. One to successfully be able to compete in an increasing homogenised world markets needs to understand not only always changing global business environment, it also needs to understand the “various political, legal, socio-cultural and infrastructural issues that can be used to develop a profile of each country in the world and assess its attractiveness” (Haberberg and Riple, 2008) . Therefore, this paper aims to analyse the information gained from discussing with businesses leaders in Vietnam and provide a unique view on the overall business environment, challenges and future business prospects for Vietnam The Hive Our first guest speaker was the CEO of the Hive Corporation, Mr. Matthew Lourey, an Australian chartered accountant that prior to his position at the...
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...STRICTLY PRIVATE AND CONFIDENTIAL Serial No. NNNNNNNNNN UNITED GROWTH BERHAD (Company No. 739648-W) Islamic Medium Term Notes pursuant to an Islamic Medium Term Notes Programme of RM2.2 billion under the Shariah principle of Musharakah Joint Lead Arrangers and Joint Lead Managers CIMB Investment Bank Berhad HSBC Amanah Malaysia Berhad (Company No: 18417-M) (Company No: 807705-X) 13 June 2012 IMPORTANT NOTICE Responsibility Statements This Information Memorandum has been approved by the directors of United Growth Berhad (Company No: 739648-W) (“UG” or “Issuer”) and UEM Group Berhad (Company No: 6551-K) (“UEM” or “Obligor”) and UG and UEM accept full responsibility for the accuracy of the information contained in this Information Memorandum. UG and UEM, after having made all reasonable enquiries, confirm that this Information Memorandum contains all information with respect to UG and UEM which is material in the context of the Islamic medium term notes programme of RM2.2 billion (“Programme”) and the offering of the Islamic medium term notes (“Sukuk”) under the Programme. The opinions and intentions expressed in this Information Memorandum in relation to UG and UEM are honestly held, have been reached after considering all relevant circumstances and are based on reasonable assumptions and there are no other facts in relation to UG and UEM or the Programme the omission of which would, in the context of the Sukuk issue, make any statement...
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...com/research/stocks/people/person.asp?personId=234954&ticker=FLWS Mr. James F. McCann, also known as Jim, founded 1-800-Flowers.com Inc., in 1976 and has been its Chairman and Chief Executive Officer since 1987. Mr. McCann focuses on customer relationships. He serves as an Advisor at Metamorphic Ventures. He has been the Chairman of Willis Group Holdings Public Limited Company since July 8, 2013 and its Director since April 21, 2004. He has been a Director of Willis Group Limited since April 21, 2004. He serves as a Director of Boyds Collection Ltd. since May 2001. He has been an Independent Director of The Scotts Miracle-Gro Company since January 2014. He serves as a Director of PETCO Animal Supplies, Inc. and Children's Progress, Inc. Mr. McCann serves as a Director of National Retail Federation, GTECH Corporation, Boyd's Bears, Very Special Arts, Gateway 2000, Hoftstra University, and Winthrop-University Hospital, Inc. He served as a Presiding Independent Director of Willis Group Holdings Public Limited Company from November 1, 2012 to July 8, 2013. He served as a Director of Gateway Inc., since 1996; OfficeMax,Inc., and GTECH S.p.A. He served as a Director of GTECH Holdings Corporation. He served as an Independent Director of Lottomatica Group S.p.A. He supports programs for the developmentally disabled. He was involved in social services at St. John's Home for Boys. He is a published author and award winning public speaker as well as a frequent guest on radio and television programs nationwide...
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...Internal Version for BBS Use Only Aggi Nauval Hutama Karya Aspal Beton: Entrepreneur Mindset The entrepreneur process includes all the functions, activities and actions that are the part of perceiving opportunities and creating organizations to pursue them (William Bygrave & Andrew Zacharakis,”Entrepreneurship” 2010) Opening Paragraph Budi Prasetyo, CEO of HK Aston, is preparing big agenda that afternoon. He is busy coordinating big projects of his new office HK Aston. As a subsidiary company of Hutama Karya a State Own Enterprises in construction business, HK Aston have specific mission to be a focus company in managing Asphalt and Steel business. One of the big projects on the pipeline is Tanjung Benoa Toll Road in Bali. First of all HK Aston is a newly startup company set up in 2009 with mission to differentiate services and bring more value to the industry towards better services as a group of businesses. Main purpose setting up subsidiary company with core business of specific services is to gain focus in asphalt services which value added perceive values. HK Aston business operation is still active during the process of spin off from division under Operation Directorate to become full fledge company. Even though setting up a good foundation of strong business need more than just a legal documentation and given business, moreover they must have a strong entrepreneurial spirits towards vision of the new company. In this case Budi will have to manage the three basic questions...
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...MAY 7, 2007 [pic] COVER STORY By Emily Thornton Roads To Riches Why investors are clamoring to take over America's highways, bridges, and airports—and why the public should be nervous Steve Hogan was in a bind. The executive director of Colorado's Northwest Parkway Public Highway Authority had run up $416 million in debt to build the 10-mile toll road between north Denver and the Boulder Turnpike, and he was starting to worry about the high payments. So he tried to refinance, asking bankers in late 2005 to pitch investors on new, lower-interest-rate bonds. But none of the hundreds of investors canvassed was interested. Then, one day last spring, Hogan got a letter from Morgan Stanley (MS ) that promised to solve all of his problems. The bank suggested Hogan could lease the road to a private investor and raise enough money to pay off the whole chunk of debt. Now Hogan, after being inundated with proposals, is in hot-and-heavy negotiations with a team of bidders from Portugal and Brazil. "We literally got responses from around the world," he says. In the past year, banks and private investment firms have fallen in love with public infrastructure. They're smitten by the rich cash flows that roads, bridges, airports, parking garages, and shipping ports generate—and the monopolistic advantages that keep those cash flows as steady as a beating heart. Firms are so enamored, in fact, that they're beginning to consider infrastructure a brand new asset class in itself...
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...‘Technology is the best way to reduce the impact of an earthquake’ to what extent do you agree with this view? (40 marks) An earthquake is a sudden violent shaking of the ground, typically causing great destruction, as a result of movements within the earth’s crust or volcanic action. Impacts of an earthquake can include short-term impacts such as fatalities, or long-term impacts such as income lost through lack of tourism. Technology can be used to predict the likelihood of an earthquake occurring in a particular area, for example by detecting plate movement, and this can reduce the impacts of an earthquake in return. This essay will discuss whether technology is the best way to reduce the impact of an earthquake or not. Technology can predict earthquakes through a seismometer. A seismometer is used to pick up the vibrations in the Earth’s crust and this can help predict earthquakes as an increase in vibrations may indicate a possible earthquake. Through the use of this technology, people living in earthquake zones are able to evacuate the area, which reduces the likelihood of fatalities from the earthquake and the falling debris caused by it. There are also other ways in which earthquakes can be predicted such as using laser beams to detect plate movement, monitoring the levels of radon gas that is being released from cracks in the crust and monitoring changes in ground levels. In February 1975 in the city of Haicheng in China, scientists identified changes in the ground...
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...partners are general partners and have unlimited liabilities. It does not matter if one of the partners did not commit the business transaction, tort, or malpractice. Ex: acquires loan and the loan and cannot the paid back. The creditor has the right to go after any or all the partners. As a partner, one must make sure who is taking out loans for the GP and if it can be repaid because anyone is liable for the loan. However, one partner can go after the other partner for reimbursement. The creditor can go after the GP in any way to collect. If one has 50 and other has 30 and you need 70, the creditor can attack the GP in any way to collect all its money. Limited: it is composed of at least one general partner and one limited partner. The limited partners cannot participate in the management and their liability is limited to their investments into the partnership....
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...PP16832/01/2013 (031128) Malaysia Company Update 17 January 2013 Buy (unchanged) Share price: Target price: MYR1.83 MYR2.40 (unchanged) Padini Holdings No Stranger To Competition Recent concerns addressed; Maintain BUY. We conducted channel checks to determine whether Padini has been affected by increasing competition. Our on-the-ground findings are that Padini’s brands remain popular among shoppers, and Brands Outlet in particular has been well received. Maintain BUY with an unchanged TP of MYR2.40 (14x 2013 PER). A net dividend yield of 4.4-4.9% and quarterly dividend payments further enhances the stock’s appeal. Paradigm Mall observation. We observed shoppers’ buying pattern at the newly opened mall in Petaling Jaya last weekend (Chinese New Year shopping has started), which houses major local and international apparel brands such as H&M, Uniqlo, Zara, Padini Concept Store (PCS) and Brands Outlet (BO) under one roof. Our findings are that Padini remains the “market leader” in this mall; its PCS and BO brands have a combined 45% “market share”. H&M stood out as the main competitive threat, accounting for a 38% “share of the market”. Extending its market presence. Elsewhere, store expansions will resume in FY6/14 after the slowdown in FY6/13 with only one new Brands Outlet. The five new stores (3 Brands Outlets, 2 Padini Concept Stores) for FY6/14 will all be located outside the Klang Valley, as the group extends its presence in the suburban areas. Besides facing...
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