...Discuss ‘How Tony could have avoided the mistake he made?’ International business is an attractive opportunity for companies in the world. It provides more potential profitable bargains for companies that have enough competitiveness. A company can gain extra income due to the development of international supply chain and demands from foreign market. It can receive lower-price components from international suppliers, then can assemble and sell final products to targeted foreign market. The whole operational procedure creates more residual value in international trade and avoids the cruel competition in domestic market. However, there are some threats which impact participators involved in international business. The threats are possibly from adverse external environment or wrong internal decisions or the integration of those. Some of threats such as political, legal and financial issues are uncertainties which are high dangers that affect a company seriously. A company should have valid preparation for facing complex external environment. Decision maker should scheme a flexible plan to handle uncertainties in business running. Nevertheless, some companies and managers might address threats unsuccessfully due to mistaken strategies. The case of Tony is a typical failed example for facing problems. The article will analyse mistakes made by Tony and provide solutions for Tony’s company. Tony’s company is a medium monitoring equipment maker in the UK which has no exporting experience...
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...Centre) This case study is taken from Ducker, J., Head, A., McDonnell, B., O'Brien, R. and Richardson, S. (1998), A Creative Approach to Management Accounting: Case Studies in Management Accounting and Control, Sheffield Hallam University Press, ISBN 086339 791 3. The author wishes to acknowledge Jayne Ducker and Tony Head for their editorial and developmental contributions to this case study and teaching note. Global Limited is a small company which supplies quality inspectors to the pipeline industry. The company's clients include some of the major plcs in the UK, such as the major petroleum and gas companies. The inspectors are required by these companies to provide an independent certification that the steel used in the construction of the pipes, which channel the gas and oil, meets the required standard. Additionally, inspectors are required to provide an independent certification that the joinings (known as 'welds') made when laying the pipelines are also made in accordance with industry standards. The pipelines are either laid under the ground or on the sea bed. Some inspectors are therefore required to work in rolling mills, inspecting the quality of steel and the production of the pipes, whilst others are required to work on installation sites, checking the welds. These locations can be anywhere in the world. The company is owned and managed by Alex and over the past few years the turnover has grown to £2.5 million. The company is financed solely by a bank overdraft. Alex...
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...Title: A Case Study the Entrepreneur behind the Company and the Company behind the Entrepreneur Assignment 1 Introduction to Enterprise and Entrepreneurship Tutor: Stringer D By: Arun Sehgal Contents Company 3 Behaviour Type 3 Struggles And Overcame 3 Business Description 3 Company Culture 4 Conclusion 4 Appendix 5 Reflection 5 Harvard Referencing 6 CORP 1521 ASSIGNMENT 1 Criteria 7 ANY COMMENTS 7 Company Tony Deep, Entrepreneur and Founder of East Ends foods Plc. Which is a leading Asian food specialist, which produces fine chilli, paprika and other spice blends. That has virtually no pesticides within their products. East Ends supplies “Over 80% of Asian independents stock East End's range as well as all the major UK multiples.”(eastendfood.co.uk, tab – Our Profile) they have had this experience for more than 35 years, within the Asian market to gain this much acknowledgement. Behaviour Type Tony Deep seems to have an Inventor –researcher approach to his entrepreneurship behaviour, as he “may or may not have the practical skills to turn creativity into innovation” (Gray.D, 1989), however he is a passionate man, who is against the likes of artificial colours and preservatives within his products. Therefore he had taken a scientific approach, to research and develops products that are pesticide free and have controllable afltoxins. And within the years this research has succeeded, now taking away the poor working practical of farmers, making...
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...Centre) This case study is taken from Ducker, J., Head, A., McDonnell, B., O'Brien, R. and Richardson, S. (1998), A Creative Approach to Management Accounting: Case Studies in Management Accounting and Control, Sheffield Hallam University Press, ISBN 086339 791 3. The author wishes to acknowledge Jayne Ducker and Tony Head for their editorial and developmental contributions to this case study and teaching note. Global Limited is a small company which supplies quality inspectors to the pipeline industry. The company's clients include some of the major plcs in the UK, such as the major petroleum and gas companies. The inspectors are required by these companies to provide an independent certification that the steel used in the construction of the pipes, which channel the gas and oil, meets the required standard. Additionally, inspectors are required to provide an independent certification that the joinings (known as 'welds') made when laying the pipelines are also made in accordance with industry standards. The pipelines are either laid under the ground or on the sea bed. Some inspectors are therefore required to work in rolling mills, inspecting the quality of steel and the production of the pipes, whilst others are required to work on installation sites, checking the welds. These locations can be anywhere in the world. The company is owned and managed by Alex and over the past few years the turnover has grown to £2.5 million. The company is financed solely by a bank overdraft. Alex...
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...BSB 119 Assignment Lazybones Case Study Global Business 5.0 Business Environment. The business environments of China and India impact how Lazybones will conduct potential operations, and must therefore be investigated. 5.1 Free Trade Agreements. After 21 rounds of negotiations beginning in 2005, on 17 June 2015 the China-Australia free trade agreement was signed; worth almost $160 Billion (Dfat,2015).The Agreement secures better market access for Australia to the world’s second largest economy, improves our competitive position in a rapidly growing market, and promotes increased two-way investment and reduces import costs (Trade,2015).More than 85 per cent of Australian goods exports will be tariff free, rising to 95 per cent on full implementation.(Trade,2015).China is our biggest export and import market(Dfat,2015). This FTA will only strengthen our country’s relationship, giving us most favoured nation status by helping Australian companies to conduct operation with China.This will greatly benefit Lazybones potential manufacturing sourcing as it will ease the implementation and business relations within China because of our strong relationship. The FTA will ease the barrier to entry for Lazybones in China as the company can capitalise on the political and economic ties Australia has, which ultimately builds business relations and growth. (Image-Retrieved from Austrade 2014) A comprehensive...
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...AN INVESTIGATION INTO HOW CREDIT RATING AFFECTS LOAN APPROVALS IN COMMERCIAL BANKS. MARCH 2013 “A research project proposal submitted to the school of business and public management in partial fulfillment of the requirement for the award of the degree of bachelor if commerce finance option in KCA University.” TABLE OF CONTENTS pages DECLARATION 3 CHAPTER ONE 3 1.0 Introduction 3 1.1 Background 3 1.2 Statement of the problem 3 1.3 Research objectives 3 1.4 Research questions 3 1.5 Importance of the study 3 CHAPTER TWO: Literature review 3 2.0 Introduction 3 2.1 Literature review Error! Bookmark not defined. 2.2 Chapter summary 3 CHAPTER THREE: Research methodology 3 3.0 Introduction 3 3.1 Research Design 3 3.2 Population and sample 3 3.3 Data Collection Methods 3 3.4 Data Analysis 3 REFERENCES 3 APPENDIX ONE: Questionnaires Error! Bookmark not defined. APPENDIX TWO: List of Kenyan Banks in the study 3 CHAPTER ONE 1.0 Introduction Credit rating has been defined in different ways: Admin (2008) defines it as the degree of credit worthiness assigned to an individual based on the credit history and financial status. Credit rating also assesses the credit worthiness of a country and corporation. It helps lenders or investors to know if the subject will be able to pay back a loan and can also be used to adjust the insurance premium, to determine employment...
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...Accounting Information Systems & Processes – ACC00718 Assessment Two. Marks will be awarded for: 1. Understanding and discussion of the topic (30 marks). You are expected to answer each of the questions contained in the assignment. You’re answer should fully address the requirements of each question and be in your own words. Simply restating the contents of the text book, study guide or PowerPoint slides does not show individual understanding of the topic. Your answers should contain enough discussion on the question so as to clearly demonstrate your understanding of the topic area and provide sufficient detail which answers the questions to a satisfactory level. There are no minimum word limits placed on assignment questions, however it is expected that most questions will require between a half page and full page of readable, logical and verifiable information. 2. The extent and depth of research undertaken (-2 marks) Your answers should show wide reading related to the topic question being answered. This would extend beyond the textbook to other texts, newspaper and magazines. Specific resources from the Internet could also be used. Your assignment should also include a Reference List / Bibliography identifying the extent of the research undertaken. Failure to demonstrate extended research or provide a Reference list can result in the loss of up to 2 marks. 3. Presentation: overall look, format (including page breaks between questions), written...
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...3123 Management Ethics Group G 1ST ASSIGNMENT Case Study Assignment: “1 Malaysian Development Berhad (1MDB)” Student’s name: Shee Kay Hui Student’s Matric number: 232014 Lecturer’s name: En.Zahid Ariffin Bin Idrus 1Malaysia Development Berhad (1MDB) is a strategic development company. 1MDB began as Terengganu Investment Authority (TIA), a sovereign wealth fund aimed at ensuring economic development for the state of Terengganu that is long term and sustainable while safeguarding the economic well-being of the people of Terengganu. TIA was established in 2008, and was renamed 1Malaysia Development Berhad on January 2009. In his announcement on 22 July 2009, Prime Minister Najib Razak said the decision to expand TIA into a federal entity was made to enable its benefits to reach a broad spectrum of Malaysians rather than to the residents of only one state. 1MDB focuses on strategic development projects in the areas of energy, real estate, tourism and agribusiness. 1MDB has a three-tier check-and-balance system comprising a Board of Advisors, a Board of Directors and a senior management team. The Board of Advisors is chaired by the Prime Minister of Malaysia, Najib Razak. Based in the issues of 1MDB, the RM 425 million profit between September the 25th 2009 and March the 31st 2010 raised many criticisms and controversies on the lack of transparency given to 1MDB's accounts. Tony Pua, DAP Member of Parliament for Petaling Jaya Utara questioned...
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...1. Introduction Nowadays, organizations face rapid change. The era of globalization has increased the markets and opportunities for more growth and revenue. The ability to manage change, while continuing to meet the needs of this changing market and the needs of customers is a very important skill required by the company in the market. Each Airplanes Company in the world tries to conduct strong strategies to compete with another competitor. Therefore, AirAsia keep changing the company strategies to meet the customer needs and wants to continuing take the leading position. This business philosophy is also help to avoid the any commercial mean that is harm to the organization and not so easy to let others company outside follow the pace of progress of AirAsia. AirAsia, as a company that no need any other introduction in ASEAN, where connecting people and places across 132 routes, 40 of which are offered by no other airline. AirAsia is one of the award winning and largest low fare airlines in the Asia expanding rapidly since 2001. AirAsia believes in the no-frills, hassle-free, low fare business concept and feels that keeping costs low requires high efficiency in every part of the business. Through the corporate philosophy of “Now Everyone Can Fly”, AirAsia has sparked a revolution in air travel with more and more people around the region choosing AirAsia as their preferred choice of transport. From an airline with two aircraft plying six routes in Malaysia in January 2002...
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...Washington ● Wants to purchase a new X-ray Machine Case Study ● Primary lender is First Bank ● Forecasted reduction in bank deposits ● Hence, funds available to make commercial loans ● Asked the clinic for an estimate of borrowing requirements for the first half of 2010. ● Dr. Cook is on vacation and asked Doug to prepare a cash budget ● Doug goes to Tony Sinay's Consulting Firm for help ● And we are more than happy to help! ● After all, we've learned from the best Alpine Village Clinic Billings Forecast Additional Info. on Budget Doug sent info. on volume and collections ● ● The clinic operates 7 days/week ● ● Daily billings: 20%, 20%, 60% collection based on monthly ● Lease payment is made on the 1st of the month Patient volume is more or less constant throughout the month, so the daily billings forecast will be 1/(Number of days in the month) multiplied by the billings forecast for that month Patient payments: early payers pay 30 days after billing, and late payers pay 60 days after billing. Additional Info. Cont. ● 50% clinical labor costs, general and administrative expenses paid on the 1st, 50% paid on the 15th ● ● Suppliers delivered on 1st, paid for on 5th Miscellaneous expenses are incurred and paid evenly throughout each month ● Term loan payments are made on 15th of the month in which they are due ● Target balance of $50,000 must be in the bank on each day Cash Budget...
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...Discuss the political and economic effects of different types on transnational organizations. SAN3508 Aravinth Raj Palpandian 1 Introduction This essay has the topic of how political and economic factors of different types affect a transnational organization. It is a theory and concept based essay using frameworks from the course literature. The main body of our essay will contain answers to below queries: What is globalization and how it gave rise to Global firms (stimuli). How Economic factor leads to certain advantages and attributes of Global firms / Transnational Corporations / Multi National Enterprises. How does country related political factors affect these firms and their policies. Then, we conclude our essay based on the finer details derived from our extensive discussion. Concepts and examples that are used to answer our queries in main body fall under the following topics: Globalization and global firms. Stimuli for becoming transnational: which in short is to prove that market-economy driven industries eventual step for growth is to go global. Economic Attributes and Advantages. Political factor and Conclusion. Globalization and Global Firms According to Hall (2011), a change has been occurring steadily over a span of last three decades where we have been moving away from a world in which national economies were a singularity and remained largely self-contained due to varying differences between them. We are working towards a...
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...| Mergers & Acquisitions | Acquisition Case Study: Amazon’s acquisition of Zappos, November 2009 | | Stephen Greening | 26/04/2014 | WORD COUNT: 2489 Contents Executive Summary 3 Introduction 4 Amazon Overview 4 Amazon’s Previous Acquisitions 5 Zappos Overview 6 Acquisition of Zappos 9 Strategy 11 Why Amazon wanted to acquire Zappos 11 Regulation 14 Valuation 15 Comparable Company Analysis (Comps) 15 Discounted Cash Flow (DCF) Analysis 16 Precedent Transactions Analysis 16 Historical Stock Price & Next Twelve Months (NTM) Analysis 17 Financing 19 Defence Tactics 21 Implementation 23 Risk 25 Conclusion 26 References 27 Books 27 eBooks 27 Journals 27 Online Images 27 Presentation 28 Reports 28 Websites 28 Executive Summary In November 2009, ‘Amazon, Inc.’ (Amazon) completed the acquisition of ‘Zappos.com, Inc.’ (Zappos) in a deal worth around $1.2 billion. Amazon announced in July 2009, that it had reached a deal to acquire Zappos in a deal worth $847 million. The deal was financed by 10 million shares of Amazon common stock (worth around $807 million) and $40 million of Cash and Restricted Stock units on the balance sheet. Amazon is an American international electronic commerce (e-commerce) company, while Zappos is an online shoe and clothing shop. The acquisition of Zappos by Amazon was a friendly takeover; the public announcement, negotiation...
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...The Broadstripe Service Guarantee Jochen Wirtz and Sven Tuzovic CASE STUDY C AS E 20 Cable companies traditionally focused on discounts for bundles of TV, Internet, and phone plans to win new customers instead of delivering great customer service. Broadstripe, a small cable company, launched a service guarantee with the aim of becoming the best-in-class service provider. Twenty months after the launch, Broadstripe’s management was reviewing the performance of the guarantee and had to decide what changes should be made, if any. B roadstripe, a small provider of cable, Internet, and phone services in four States (Michigan, Oregon, Maryland, and Washington) faced a difficult situation. Tony Lent, Chief Commercial Officer at Broadstripe, was convinced that the company had to dramatically improve its customer service. However, how does a small cable company differentiate itself from better-known industry giants and establish a best-in-class customer experience? Should a company at the edge of bankruptcy invest in customer service altogether? THE CABLE INDUSTRY Traditionally, cable companies tried to appeal to customers with discounts for bundles of TV, Internet, and phone plans. Customer service, however, had mostly been disregarded. As a consequence, customer satisfaction ratings in the cable industry had been the lowest of any industry. Results of the American Customer Satisfaction Index (ACSI) showed that the largest providers (Comcast,...
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...bundles of TV, Internet, and phone plans to win new customers instead of delivering great customer service. Broadstripe, a small cable company, launched a service guarantee with the aim of becoming the best-in-class service provider. Twenty months after the launch, Broadstripe’s management was reviewing the performance of the guarantee and had to decide what changes should be made, if any. B roadstripe, a small provider of cable, Internet, and phone services in four States (Michigan, Oregon, Maryland, and Washington) faced a difficult situation. Tony Lent, Chief Commercial Officer at Broadstripe, was convinced that the company had to dramatically improve its customer service. However, how does a small cable company differentiate itself from better-known industry giants and establish a best-in-class customer experience? Should a company at the edge of bankruptcy invest in customer service altogether? retailers, 75 for banks, and 65 for airlines. Importantly, the cable industry was also lagging behind their satellite TV or telecommunication competitors with DIRECT TV and DISH Network scoring an average of 68. As competition from satellite TV and phone companies intensified, an increasing number of consumers disconnected their subscription TV services in favor of online video services such as Netflix and Hulu. Responding to these competitive pressures, cable companies turned to customer service to try and improve their negative reputation. Several cable companies began to...
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...this and additional works at: http://commons.emich.edu/honors Recommended Citation Riley, Shannon, "Herzberg's Two-Factor Theory of Motivation Applied to the Motivational Techniques within Financial Institutions" (2005). Senior Honors Theses. Paper 119. This Open Access Senior Honors Thesis is brought to you for free and open access by the Honors College at DigitalCommons@EMU. It has been accepted for inclusion in Senior Honors Theses by an authorized administrator of DigitalCommons@EMU. For more information, please contact libir@emich.edu. Herzberg's Two-Factor Theory of Motivation Applied to the Motivational Techniques within Financial Institutions Abstract Throughout time, many have attempted to develop detailed theories and studies of motivation, satisfaction, and self-awareness. Each of those theories at some point has been applied and tested as to its effects on people’s lives, jobs, and personal goals in life and in the work place. Due to my strong interest in the management fields specifically, I have decided to look into the different styles of motivation that managers and leaders of organizations within the financial industry typically use. After all, it has been said that one of the manager’s most basic tasks is to communicate with and motivate their workers (Ruthanakoot, 2003). It would be very difficult to try to pinpoint one theory or even one technique that seems to work better or is more effective for a certain organization. The way individuals respond...
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