...& ADTRANZ AQUISITION CASE) ] BBDs kin approach to integration of acquired companies enabled greater combination potential as this approach brought about strong employee support because there was the belief that BBD would protect jobs and invest in new product lines. BBD’s approach to integration was seen in the acquiring of Adtranz despite the fact that the company agreed to a limited due diligence process for the deal to go through. The agreement to a limited due diligence process was due to the fact that there were great strategy and business similarity between the two companies and Adtranz was working to streamline its operations and this was a concept that BT was willing to buy into. The integrative model taken by BBD defines how synergy realization is possible when there are similarities between the...
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...the areas of strength and weakness in the companies is the (Efficiency in communication skills) for example while company A's weakness due to the bad communicate with the customers and clients this could be the strength of company B which has excellent communication with the clients which is approaching the prospective of the clients and achieve their desires and it just makes the clients want to start a business with this company. Human resource assessment for example the attendance of the employees could be a weakness point to company A which is suffering from low rate of attendance but actually it will be a strength point to company B which has an excellent rate of attendance. Other example of human resource assessment is the (synergy effect) it means the group or team working when they work together their outcomes will be...
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...Sterling Household Products Company Acquisition of the Germicidal, Sanitation and Anitseptic Unit of Montagne Medical Instruments Company Executive Summary Sterling Household Products Company manufactured and marketed a wide variety of consumer goods products which were sold domestically as well internationally. Despite having great products and being positioned well in the industry, Sterling’s growth prospects were limited. Sterling’s decision to acquire the germicidal, sanitation and antiseptic production unit of Montagne Medical Instruments Company could provide the much needed growth. Furthermore, the division was well aligned with Sterling’s existing operations, helping Sterling diversify its business without compromising on its core competency. Assuming the growth rate of 3% for terminal value calculation, aligned with the GDP growth of US, the net present value (NPV) of the investment comes to $99.7 million. We also analyzed the NPV of acquisition under two scenarios - 0% growth and terminal value calculated using multiples of 9. As the acquisition provides immense opportunities for Sterling to further expand its production capacity, we calculate the NPV of $167 million. We firmly believe that Sterling should acquire Montagne Medical’s unit as it presents positive synergistic effect on Sterling’s cash flows. Business Risk The unlevered asset beta represents the pure business risk of the company. It does not take into consideration the effect of debt leverage...
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...in the process. Please let me know if you have questions or need further information. Yours truly, Brian Smith Enclosure Future analytical approach It is my opinion, that when dealing with future acquisitions, financial and accounting analysis is simply not enough. Therefore, it is my recommendation that an aggregate analytical approach include not just fundamental analysis, but also; corporate culture, synergy and customer analysis. Corporate Culture Analysis Future acquisitions need to carefully examine the morale and culture of the company being sought after. An overly dependent employee base that clings to its President and CEO presents a certain risk in production loss should the CEO exit the firm. As with the acquisition of Bainbridge House, morale dropped and attrition skyrocketed after Mr. Bainbridge’s passing. A high attrition rate and low morale has been shown to negatively affect production and overall efficiency. Therefore, a careful analysis needs to identify the independence and competitiveness of company employees. Synergy Analysis It is not enough to purchase a company based on fundamentals alone. If the company cultures of your firm and the firm being acquired are incompatible, valuable time will be lost looking for personnel replacements. Incompatibilities arise when the two companies have completely different goals and visions. As such, I recommend analyzing the takeover target’s mission statement, managerial goals, and obtaining an...
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...5 Factors Affecting Team Effectiveness In An Organisation Some of the factors affecting team effectiveness are shown as follows: While informal work groups often develop feelings of close affiliation among members, formal work groups sometimes do not develop such loyalty. It is very important for management to develop, among the group members, such characteristics as dedication and cohesiveness. As Likert concludes: “Management will make full use of the potential capacities of its human resources only when each person in the organization is a member of one or more effectively functioning work groups that have a high degree of group loyalty, effective skills of interaction, and high performance goals.” To build an effective team, the management must provide an environment which is conducive to team work with an attitude which is understanding and supportive of team efforts and innovation. It is a real challenge to management to learn how to use groups more effectively. a. Individuals: A group is as good as the individuals who form the group. If the individuals are dedicated and consciously aware of their roles and their responsibilities towards accomplishing their group and organizational objectives, then the group would be an effective group. It is necessary and important that all members must share the enthusiasm of group activities and group accomplishments. b. Group size: It is difficult to determine as to what the optimal group size is, but such a size would depend...
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...security guard industry, Pinkerton, for $100 million. Throughout the bidding process, he has faced skepticism from his board of directors as they consider the purchase to result in a overload for CPP’s corporate management. Can Mr. Wathen convince his board of directors that Pinkerton is worth the $100 million? If yes, how should Mr. Wathen finance the acquisition? Is he in any danger of being outbid by other players? We value Pinkerton under American Brands to $73.25 million, using a P/E multiple (Wackenhut) of 12.2 times Pinkerton’s NOPLAT in 1988 of $5.98 million. For Wathen however, including the possibility of any synergies created by a potential takeover, we reach a final value of $187.06 million, where synergy effects value is estimated to $19.4 million. However, in a pessimistic scenario the value of Pinkerton would be $141.51 million without any synergy effects. Taking the assumption of a 50/50 probability of either of the two scenarios might occur (in lack of better information); we reach an estimated value of $166.28 million. We recommend that Wathen bid the $100 million, by raising $75 million debt and $25 million equity. Wathen (CPP) should bid on Pinkerton, as our estimated value of a merger exceeds the cost. However, Wathen has insufficient solvency to finance the entire bid with debt, and should thus choose the other option with 75% debt financing. An overview of the valuation, when using the $75 million debt to finance the bid can be seen in exhibit 1. By estimating...
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...lack of differentiation within this industry.” Some countries have also introduced economic incentives for the Global Paper and Paper Products market. These incentives could create a favorable investment environment for new entrants. Rivalry Among Existing Firms Rate of Force: 4 (Moderately High) 2 Rate of Industry Growth 1 Product or Service Characteristics 5 Amount of Fixed Costs 6 Capacity 6 Height of Exit Barriers 4 Diversity of Rivals The Global Paper and Products industry is considered highly fragmented. The five largest companies control less than 5% of the total industry. “Consolidation activity has again heated up in the paper and forest products industry” as growth has stalled and companies are in search of synergies to reduce costs. There aren’t many distinct...
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...the film is trying to convey or what it is about. In Ana’s Playground and The Cabin in the Woods discussions of gender are seen throughout the content and context of the film when it is analysed through its cinematic coding. Ana’s Playground, 2009 is a short film about a group of young children playing a game of soccer on the streets in a war-torn country. When their ball is kicked over a fence, Ana is faced to risk her life in a challenge to retrieve the soccer ball whilst a sniper is shooting at her. Violence is the main thematic value within Ana’s Playground as it is present throughout the whole film.The film gives us an insight of how children live and experience the violence that occurs within war-torn countries. The four children seen within this film is Ana, what appears to be her little sister, and two other boys. When Ana is chosen through the use of coin flipping, to retrieve the ball from over the fence, the audience would expect one of the boys to replace this life risking duty as this is a gender expectation from the audience. This shows that the female gender is represented as being obedient but also very vulnerable. From the very moment Ana is chosen to retrieve the ball, is a representation of her innocence and naivety being lost. The Cabin in the Woods, 2011 is a recent Hollywood comedy horror film about five friends that go on a holiday to a remote cabin in the woods and unknowingly are being observed and become victims for a ritual. The narrative codes within...
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...Local Lawsuit (Morris v. Wood Preserving) Summarize the actions that lead to the lawsuit. In Morris v. Osmose Wood Preserving, 340 Md. 519 (1994), a number of homeowners purchased townhomes that had a roofs constructed of Fire Retardant Treated (FRT) plywood manufactured by the defendant Hoover Treated Wood Product, Inc. (Hood Wood). Homeowners claim in their complaint the fire retardant treated plywood, when exposed to high temperatures begin an acidic reaction that was designed to stop the spread of fire. It was also alleged that the reaction can occur at temperatures as low as 130 degrees and roofs can reach 180 degrees without the presence of fire. The homeowners say that the chemical reaction “weakens the wood and destroys the bonding between the plywood laminates, thereby causing the wood, among other things, to bow, darken, spot, warp fracture and otherwise deteriorate and lose strength capacity.” The homeowners claim that this reaction will eventually occur in the plywood installed in their homes, without regard to ventilation or moisture levels I attics. Management also advertised there products falsely after begin notified. The homeowners brought this class action suit to recover cost to replace their roofs that had the alleged defective fire retardant treated plywood. Discuss what management could have done in terms of risk management to have prevented the events that lead to the lawsuit. In retrospect, management could have handled this situation...
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...Applying the principles presented by C.K. Prahalad, and Porter and Kramer’s ‘Creating Shared Value’, please conceptualize a product or service for BOP markets (you may use a new product or service, or one that is an extension of an existing product). Idea = biological packaging (leaves, sawdust, manure) Tagline = total product value Assumptions: ● BoP markets lack sufficient trash and recycling services and will burn their trash to provide heat and fuel to their homes and families. ● A 40lb bag of Pellets is about $6 and good for about 12 hours of burn time. ● 3 ⅓ lb of wood pellets will last 1 hour ● ~1 lb of wood pellets will last ~20 minutes Four Action Framework The first question forces a company to consider eliminating factors that companies in an industry have long competed on. Often those factors are taken for granted even though they no longer have value or may even detract from value. Sometimes there is a fundamental change in what buyers value, but companies that are focused on benchmarking one another do not act on, or even perceive, the change. ● package/contents structure ● input and construction materials ● distribution channels / efficiencies of scale ● discard process The second question forces a company to determine whether products or services have been over-designed in the race to match and beat the competition. Here, companies over-serve customers, increasing their cost structure for no gain. ● package...
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...Cookies are very tasty and they are what are allowing me to gain access to this website. Sorry for anyone who is reading this it is not an actual paper if you have not been able to figure that out by now. Cookies are very tasty and they are what are allowing me to gain access to this website. Sorry for anyone who is reading this it is not an actual paper if you have not been able to figure that out by now. Cookies are very tasty and they are what are allowing me to gain access to this website. Sorry for anyone who is reading this it is not an actual paper if you have not been able to figure that out by now. Cookies are very tasty and they are what are allowing me to gain access to this website. Sorry for anyone who is reading this it is not an actual paper if you have not been able to figure that out by now. Cookies are very tasty and they are what are allowing me to gain access to this website. Sorry for anyone who is reading this it is not an actual paper if you have not been able to figure that out by now. Cookies are very tasty and they are what are allowing me to gain access to this website. Sorry for anyone who is reading this it is not an actual paper if you have not been able to figure that out by now. Cookies are very tasty and they are what are allowing me to gain access to this website. Sorry for anyone who is reading this it is not an actual paper if you have not been able to figure that out by now. Cookies are very tasty and they are what are allowing me to...
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...liver I did not have so I bought it from a store. Some of the other members in the group needed to help me with the ipod, private property sign, and a chainsaw. All of these items have a meaning to this video because they all play an important role in symbolizing or portraying the story The Devils and Tom Walker. The ipod is the most important item because its filming the entire production of the Sweded Video. Without the Ipod, there wouldn’t be a film to watch. The chainsaw is with Tom Walker as he goes through the woods and begins to cut down the trees. While walking he stumbles upon a sign that is planted deep in the ground of the woods. He picks the sign up and throws it away as if the words “private property” meant absolutely nothing to him. The private property sign is present in this film because it adds more of a curiousness toward the viewer since Tom did not care what that sign said. Due to Tom’s idiocy of going past the sign and wandering a bout the woods, he hears a noise that sounds like a howling or a fierce wind that is coming upon him. As the noise draws to a close Tom stands there utterly confused and nervous about what was making that fierce noise. Tom asks with a stuttering voice “whose there?” “hello?” A figure of black pops right up before his eyes. The figure of...
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...order to preserve our forests, we need to find new ways to reduce our dependency on wood. Since bamboo is one of the fastest growing grasses, a significant converter of CO2 and potentially as strong as wood – this project will test the strength of wood against bamboo. If bamboo can support even close to the same weight as wood, we can imagine a day when bamboo can be used as a replacement. In an effort to make this experiment practical, within my appendix, I will also propose a way that we can grow bamboo in the Bay Area utilizing marginal/unused land. These areas will create revolutionary new carbon-offset zones, provide additional revenue to local governments, reduce significant amounts of CO2, develop new businesses in an emerging industry, and promote, by example, green living. Purpose: Is bamboo stronger than wood, and if so, can it help us stop global warming? Research: Hypothesis: The wood will break under the same conditions and weight before the bamboo. Materials: 9 sticks of bamboo sized per test 9 pieces of solid wood sized per test 2 large plastic buckets 2 “S” hooks Chain to attach the hooks to the wood Sand and bricks Two cement platforms to put the wood on Procedures: Lay the wood on the platforms and attach the “S” hook. Attach a bucket to the “S” hook and fill with sand/bricks until the wood breaks. Weight the bucket. Take the “S” hooks of the wood and place them on the bamboo. Attach the bucket to the “S” hooks and...
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...she wouldn’t even think about going swimming in the river. It seems like the author misses the house she grew up in when she was little. The story is directed towards older adults and bringing back their childhood memories and how bad it is not to be a child anymore. The reason I could tell who it is directed to is because that’s the only people that could understand what she’s actually feeling. She sadly talks about how the fields were ruined, elm trees she loved fell down, and that the town also built anther highway ruining the scenery. It shows me that enjoy the time as a child you have now because you will never be able to return to it. Another thing that had her chocked up was the private property signs. She loved walking through the woods freely not worrying about getting yelled at or arrested. The essay ends talking about how to try to preserve the wildlife. The essay a walk on the wild side was a very good written piece. I liked the descriptiveness of how southern Ontario use to be and now how it is. One major point that the author is trying to get across is that enjoy life as a child because you’ll never be able to return back to the good old days. When she was talking about how everything was changed from when she was little it made me...
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...(disambiguation) and Heartwood (disambiguation). For small forests, see Woodland. For wood as a commodity, see Lumber. For other uses, see Wood (disambiguation). Page semi-protected Wood surface, showing several features Wood is a hard, fibrous structural tissue found in the stems and roots of trees and other woody plants. It has been used for thousands of years for both fuel and as a construction material. It is an organic material, a natural composite of cellulose fibers (which are strong in tension) embedded in a matrix of lignin which resists compression. Wood is sometimes defined as only the secondary xylem in the stems of trees,[1] or it is defined more broadly to include the same type of tissue elsewhere such as in tree roots or in other plants such as shrubs.[citation needed] In a living tree it performs a support function, enabling woody plants to grow large or to stand up by themselves. It also mediates the transfer of water and nutrients to the leaves and other growing tissues. Wood may also refer to other plant materials with comparable properties, and to material engineered from wood, or wood chips or fiber. The Earth contains about one trillion tonnes of wood, which grows at a rate of 10 billion tonnes per year. As an abundant, carbon-neutral renewable resource, woody materials have been of intense interest as a source of renewable energy. In 1991, approximately 3.5 billion cubic meters of wood were harvested. Dominant uses were for furniture and building construction...
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