...land that is approximately 160 acres of land. The site was designed to offer the best to drug researchers including flexible office space with mobile accommodations. Such a space offers 250,000 square feet of dedicated facilities that are designed to maximize drug research for profit (Pfizer, 2014). The building even saves money by being self-sustaining with electric car charging stations, micro-turbines and photo-voltaic cells. Research at the Groton facility is devoted to comparative medicine, drug safety, clinical trials, pharmaceuticals, medicinal chemistry, pharmacokinetics and medical dynamics. This entire profile is committedto a company that is unafraid to spend money to make billions in profits. Pfizer is the largest research based drug company in the world with 65 billion dollars in revenue (Pfizer, 2014). Pfizer invests heavily in developing their unique signature pharmaceutical products. For Pfizer a successful drug product has four phases. Phase one is approximately 100 million dollars of investment. Testing is done in labs for several years, from there it is then tested on a small sample population of healthy humans to determine its viability. If successful in phase one, it moves onto phase two, where it is tested on a diseased population. For example, the product Lipitor went through this process. In phase three the new drug is tested on a large patient population, during which it has become FDA approved (Glenn Carter, 2007). The fourth phase...
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...amount from multiple investors through a web-based platform or social networking site for a specific project, business venture or social cause. It allow entrepreneurs to raise...
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...principles can be applied by the project managers to eliminate risks to a larger extent. Strategic objectives and goals Strategic goals are the blueprint of the task undertaken by a company. For instance, a software company aims to prepare software and related programing codes, whereas an infrastructure company has a target of constructing dams, bridges and other construction works. A project management team helps the company in achieving the strategic goals, as it streamlines the task of a company in taking many important decisions. Strategic planning and strategic thinking are vital management tools for a project management team. Once the task is allotted, the project team is responsible for the goal to be finished in the dedicated time. Innovation is an area in which the project team can invest more and come out with new ideas that can increase the profit margin and also reputation of the firm. Human resource, financial planning, corporate social responsibility and physical resources are other facets of strategic goals. Crisis Management Crisis in a project can occur because of several reasons like recession, labor strikes, paucity of funds and natural calamities, to just name a few. In such a situation, it is essential for project managers to display maturity and profound administrative and managerial skills to handle the situation. Sometimes, abandoned project and tasks are completed successfully, under the able guidance of project managers. The power inherent in...
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...edition Complete the following before you submit your assignment. This step is required to validate your compliance with sections 107 or 108 of the 1976 United States Copyright Act. 1. Remove the front cover of the workbook and identify: * Name: Oskar Diaz de Leon _. * Term: Spring1 2010 . * Company: Apple Computer Inc (AAPL) _ . * Instructor: Natasha Bell-Scott _ . 2. Print out your completed electronic template. 3. Attach the following: * This front cover (completed) * Electronic solution template * Company annual report Chapter 1 - Introduction * Chapter 1: Select a Company and Gather Documents—Question 1Fill in the page numbers on the annual report where the following are located. | Required information for this workbook project. | Page No. | Required information for this workbook project. | Page No. | Financial Highlights (Not absolutely necessary, but very common in annual reports.) | 36 | Statement of Cash Flows | 59 | Chairman’s Message (President’s, CEO’s or other top official’s message or letter to the shareholders) | 36 | Notes to Financial Statements | 60 | Management’s Discussion and Analysis (MD&A) | 36 | Report of Independent Accountants or Independent Auditors’ Report | 89 | Income Statement(Statement...
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...operation system, supply chain management, obsolescence system, and weather forecasting. Communication issues This is the prioritisation problem faced by the company, there are a plenty of issues which the organisation is facing within this trouble. The very first complication is the geographical dispersion of offices in Europe countries, so that senior managers have to travel around divisions to communicate directly. As a consequence, money and time are being spent inefficiently. In addition, the lack of good intranet with compatible email system is also suffering to internal communication: current systems are introducing unnecessary redundancy which offers incoherent association with other branches. Furthermore, the status of real-time correspondence is not supporting effectively in connecting with suppliers and sub-contractors, this leads to the problem of missing project timeline. Obsolescence systems issues The loss and corruption of data has been experiencing during a period of using times, this could be the potential threat affects directly to business management and operation. Moreover, the current systems do not adequately support emerging trends in working practices such as accessing systems on mobile devices (e.g. smartphone, tablet, so on), the 2 creation of dispersed and virtual project teams. Also, some components of the latest updated systems are...
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...Introduction To Corporate Social Responsibility Management Essay Organizations always have an important Role in the lives of the society in which it is operating especially when the business is growing and thinking about globalization. Organization’s performance and production is linked with enviourment, social, cultural and governmental variables. When an organization operates its operations in a particular community, due to the business processes there are some responsibilities to the organization. 1.1 Definition of Corporate Social Responsibility In general term CSR refers to: ‘The comprehensive approach which organization takes to meet the expectation of stakeholders by putting away such measures as revenues, profit and legal obligations. Community development, welfare, human rights and ethical conduct are key factors which come under the CSR umbrella’ (Laurie J. Mullins). I would like to discuss the CSR issues in Aviation Industry that’s why I have chosen Air France-KLM and Ryanair. 1.2 Air France-KLM Overview: Air France and KLM merged together in 2004 to form Air France-KLM Group while both airlines operate individually to retain their brands and identity (Air France-KLM CSR Report 2010). Air France was elected best airline of the year 2010 in Business Travel Awards (The Financial). Air France-KLM is the only airline which is selected in Dow Jones Sustainability Index in 2008.This group is the biggest in the whole world according to their profit growth which is €24...
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...How to Invest in Social Capital by Laurence Prusak and Don Cohen Every manager knows that business runs better when people within an organization know and trust one another—deals move faster and more smoothly, teams are more productive, people learn more quickly and perform with more creativity. Strong relationships, most managers will agree, are the grease of an organization. Business gets done without them, but not for long and not very well. Scholars have given a name—social capital—to the relationships that make organizations work effectively. The term nicely captures the notion that investments in these relationships return real gains that show up on the bottom line. In fact, it all sounds pretty simple and straightforward. Managers need only get their people connected with one another and wait for the payback. Easy, right? Wrong for two reasons. First, social capital is under assault in most organizations today because of rising volatility and overreliance on virtuality. More simply put, social capital is under assault because building relationships in turbulent times is tough—and tougher still with many people working off—site or on their own. Second, social capital is under assault because few managers know how to invest in it. Knowing that healthy relationships help an organization thrive is one thing; making those relationships happen is quite another. For the past three years, we have explored managerial activities and techniques that constitute investments...
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...accounting is the first step needed. By completing business commerce degree students will have a concrete foundation and be able to comprehend the theories involved in financial planning. Some employers do not necessarily require potential employees to have an undergraduate degree in business since they provide training to the successful candidate. Once completed the employee will be licensed and be able to provide financial advice. Since the requirements to become a financial advisor differ amongst employers there are no set criteria for potential employees to follow, this is why it is essential to do research into the company you desire to work with and see their requirements. Therefore, in becoming a financial advisor there are many different paths, however in order to become a Senior Financial Advisor the potential candidate will have to have experience in a financial advisor role. As a financial advisor the company will first want the employee to complete courses like the...
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...------------------------------------------------- Grameen Intel: The Experience of the World’s First IT Social Business ------------------------------------------------- Fahim Kader (132-0947-660) January 7, 2014 Abstract “Of all the countries around the world where we can invest, why should we keeping funds running to Bangladesh?” narrates Kazi I. Huque, CEO of Grameen Intel Social Business Ltd.). He talks about how he has had to convince people over at Intel Corporation, over the years, how despite all the well publicized negativities surrounding the political and (subsequently) business situations in Bangladesh, it would be great investment for Intel to finance the operations of Grameen Intel in Dhaka. Huque, a long term employee of Intel, recalls how during the incorporation of Grameen Intel, he was caught in the middle of contrasting demands and ideas from the rest of the board members that included his own bosses. When he took on the responsibility of spearheading the venture, he knew it would be challenging. The canvas was empty and required lots of thorough planning and strategizing to be crafted into a successful project. “I met with Craig Barrett (former Chairman of Intel Corporation) in his office, and I started complaining.” says Huque. “I said, ‘You’re all making different demands… you need to be on the same page.” Barrett simply replied, “Kazi, we got you onboard to deal with this. It is your job to sort it all out, so don’t ask me for solutions...
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...The Company’s incentive to invest in Africa now Need for Infrastructure development in Africa Africa is rich in natural resources and thus also has an agro-based economy. It is seeing a great demand of its products like tea and coffee internationally leading to higher exports; in spite of the surge in exports, Africa has not been able to rival its counterpart emerging economies like India and China in terms of economic development. The cause of this misbalance is the lack of infrastructure development, which has a direct causal relationship with economic development. It is important to invest in Infrastructure in Africa for poverty reduction and economic development. Infrastructure has always been costly in Africa due to lack of efficiency but that doesn’t deter the increased demand, which resulted from an increase in population and urbanization. The World Bank estimates that the current infrastructure financing needs are US $95 million in Africa out which there is financing for US $45 billion1. The current gap should have been US $48 billion but leads to much more since nearly 35% of it is wasted due to inefficiencies. Most of the current financing in infrastructure has been through the Public sector with the Private sector contributing 21% share2. Infrastructure development would have positive effects in East and Central Africa and would contribute to 2% to the Gross Domestic Product. An example of connection of infrastructure to economic development is seen in China, where...
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...JOHNSON & JOHNSON: A CASE STUDY ON SUSTAINABILITY REPORTING When compiling data for its sustainability reports, Johnson and Johnson does not request direct input from its managerial accounting staff. What should be the role of management accountants in collecting and reporting sustainability data? Could Johnson & Johnson’s sustainability reporting be improved with input from managerial accountants? Why or why not? The role of the managerial accounting staff in sustainability should extend beyond the obvious one of collecting, analyzing and reporting sustainability-related information. Many accountants fill a variety of other positions within organizations, including senior management, in which they exert a more direct influence on strategy and decision making. The managerial accounting staff has a role to play in understanding, demonstrating and achieving the efficiencies that organizations can gain from sustainable business practices. The pursuit of sustainability depends on the generation, analysis, reporting and assurance of robust and accurate information (both financial and non-financial). But it is important that the managerial accountants gain an understanding of the concepts of sustainability and the challenges it poses in achieving long term growth in shareholder value or value for money. The accountanting staff, directly or in a supportive capacity, can help organizations embed sustainability issues into strategic planning and its execution...
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...Introduction The commercial space region consist of entrepreneurial space companies, emerging market for space capabilities and prime contractors. Space commercialization involves rendering or selling of services such as satellite communications, remote sensing, launching of space objects and the manufacturing, transferring and exchanging of space products for remuneration." Commercial space is divided into different areas which are: launch vehicle manufacturing and services, satellite manufacturing and satellite operation and services. The opportunity of using space to make money by selling goods and services to governments and private customers has become very prevalent in Europe, Nigeria and Russia and is growing rapidly. Government plats a huge and active part in the capitalizing and promoting of commercial space, they carry this role out by creating policies that are regulatory and polices that lead government agencies into purchasing services or hardware from companies.eg. Buying data from remote sensing satellite companies. “Space has become a global enterprise with the number of nations and firms with space goods and services growing rapidly. And not only are more people involved in space but also the unique advantages of the space environment have contributed greatly to the growing trend toward globalization through its almost universal coverage of populated...
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...financial instruments as well as new financial technologies, institutions and markets. It includes institutional, product and process innovation. Why do we need financial Innovation? Finance is the lifeblood of the world economy that affects every other sector and in turn is affected by every other sector. A Simple Financial Innovation like a debit card can lift millions of people out of poverty and connect them to the global economy. It helps entrepreneurs raise money for the next idea. In the coming few pages I shall attempt to discuss few financial innovation and how they have affected the global economy. Microfinance Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services. Microfinance is a broad category of services, which includes microcredit. Microcredit is provision of credit services to poor clients. Microcredit has enjoyed spectacular success in poor nations like Grameen Bank in Bangladesh and SKS Microfinance in India. What is Microcredit? Much of the current interest in microcredit stems from the Microcredit Summit (2-4 February 1997), and the activities that went into organizing the event. The definition of microcredit that was adopted there was: Microcredit programmers extend small loans to very poor people for self-employment projects that generate income, allowing them to care for themselves and their families. Definitions differ, of course, from country to country. Some of...
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...Contents Summary | 3 | Questions and Answers | 4 | Relationship to Concepts | 9 | Primary Research | 10 | Secondary Research | 11 | Bibliography/References | 12 | Summary Mr Owen Jefferson who’s a production engineer at a small manufacturing plant came across a business idea while fixing his wife Cuisinart Food Processor. He thought, by enhancing the performance of the processor and adding up more features to the product he will be able to sell the product for $25 less than the currently popular model, which intrigues him to invest in his own project for that he approached his relative who has a small appliance factory. Since Mr Owen Jefferson wife is quite happy with her product so he’s sure that there is a demand for his product. Questions/Answers Q1. Would you recommend without any further investigations that Mr Jefferson invest his life savings in this project ? Why yes – or why not ? 1) According to our group, Mr. Jefferson should go ahead with his idea. There are several points to support this but one that truly matters is that he has the experience of working in a consumer product related field i.e. being a production manager .It can come handy because before starting any business one must have knowledge and information about the market. Knowing what the consumer wants is the biggest treasure a manufacturer can have and Mr. Jefferson feels that way. There is a risk of failure because his product is going to compete against...
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...Top Talent Retention Introduction Successful companies invest large amounts of resources in the process of hiring and developing its employees. (Lqbal, A. 2010). Yet despite this effort by successful companies, there are many people out there who aren’t happy or satisfied with their jobs, employers or roles within their organizations. According to the Bureau of Labor Statistics, there were over 3.6 million open positions on the last business day of 2012, with a quit rates ranging from 3 to 6% in 2012. What is the cause of such unhappiness within the work place, causing us to walk away from paying jobs, in an economy struggling to recover from a major economic recession? In this paper we will look at what employees find motivating in a work environment and how to drive engagement and company loyalty. Why employers need to deliver on their promise to invest in, and promote employees from within, what kind of quality’s employers should look for when interviewing for promotions, and why it would be beneficial for employers to build healthy working environments. When New Generations Enter the Workforce As a child, I remember overhearing my grandparents discussing the teenage girl who lived down the street. She had a pink streak in her hair, walked around with headphones on her head, would blare the music in her car and had a nose piercing. My grandparents were mortified, and were just certain that “this younger generation will be the death of us”. As each new generation enters...
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