...Hilton worldwide Financial analysis: With the initialization of the company in the year 1919, it made a really good start and took out a lot of contemporary competitors during the period of the 20th century. By the end of the year 2013, Hilton worldwide underwent a drastic financial enhancement and there was an increase of 5.2 percent on the overall revenue for each and every room. In addition to that, the overall adjusted EBITDA was increased to a height of 13 percent. This was absolutely a huge financial enhancement for the company as it led to the generation of $2.21 billion as overall net unit growth and the overall unit growth was increased to 4.5% in the segment of management and Franchise. To establish a certain financial position in the commercial market, a company requires certain factors to be accomplished to attain the targeted financial objective. These factors include, setting up a common mission, a specific set of values and lastly proper strategic priorities. It was important for the company to shift into a capital centric model strategy that will allow making progress with less investment in keeping their focus on the global development strategy. The key step that was beneficial for the company was the performance driven work culture. Another important factor in the tourism and hospitality industry is the diversification. In simple terms, the global reach of a company also provides an estimate over the financial condition of it. The more global a company is able...
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...HILTON WORLDWIDE Hilton Worldwide (Hilton) is a leading global hospitality company which was established in the year 1919 by its founder Conrad Hilton. Since then the company has expanded geographically, produced original hotel and travel concepts, and developed innovative technologies to enhance the guest experience. Their 93-year history as pioneers in the industry makes them the number one venue for travelers, developers, partners, and team members alike. The company was until recently known as Hilton Hotels Corporation. The new Hilton Worldwide is now owned by the private equity firm "The Blackstone Group". The name Hilton Worldwide signifies the company’s global breadth and reach. Hilton Worldwide retains a chain of hotels from luxurious full-service hotels and resorts to extended stay suites and mid-priced hotels. This means that Hilton Worldwide is mainly focused on the lodging sector. One of the world's largest hoteliers is operated by Hilton. This includes a lodging empire of over 3,900 hotels and resorts in almost 91 countries. The company provides services that include lodging rooms, health and fitness facilities, and meeting facilities, dining options, swimming pools, exercise facilities, laundry facilities and spa treatments. Hilton operates and maintains a trusted portfolio of brands such as, Waldorf Astoria, Conrad, Doubletree, Embassy Suites, Hilton Garden Inn, Hampton Inn & Suites, and Homewood Suites etc. Additionally, the company also operates...
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...emergency disasters efficiently but also uses donations to rebuild hospitals, educational centers and places of refuge (for food, medicine and shelter), making them more structurally stronger allowing them to withstand damage and inevitably fulfill the purpose of construction. Our Mission Human Help Worldwide Mission Statement: “Our aim is to eliminate poverty with the support of the public, not only tackling the vital crisis but maintaining communities which are being rebuilt from the effects of disasters. We aim to do this by always aiming high to excel in our mission”. Our Aims • Our aim is to create an awareness of support needed in areas which are being rebuilt from disasters. • Our aim is to give the people in need the advice, tools & continuous support they need to start a new life. • We aim to fulfill the needs of those suffering by providing clean water, food & clothing, which will allow them to survive. • We will build hospitals, schools & community centers allowing these people to become educated, healthy and succeed in life. We will gain sponsorships for families, orphans & students helping them to succeed Human Help Worldwide Limited (HHW) is a UK-based charity providing international relief to The victims of poverty, which may have been caused by natural disasters and humanitarian crisis. We strive to do this by organizing projects and programmers with the general public designed to benefit generations in creating...
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...Precision Worldwide Inc. Precision Worldwide, Inc. (PWI) has a plant located in Germany which manufactures industrial machines, equipment and replacement parts for sale in numerous countries. Repair and replacement parts, which accounted for a substantial part of the company’s business is now facing a dilemma, a new competitor has entered the market with a replacement part, a plastic ring, which PWI had in the past used a special steel to produce. During a meeting with the general manager, Hans Thorborg, the general manager of PWI’s plant in Germany, wanted to discuss with his sales manager, accountant and development engineer the introduction of the competitor, a French firm Henri Poulenc and the plastic ring substitute they produce (Bruns, 2004). The plastic ring produced by Henri Poulenc is created at a fraction of the cost of the steel rings that PWI currently produces, and was found to last four times longer than the steal ring (Bruns, 2004). Many strategies were discussed by PWI’s management team on how to respond to this new competitor along with discussions regarding what to do with the special steel the company has on hand. Analysis The main topic of discussion and concern is the company losing on profits if they do not begin manufacturing their own plastic ring. Which leads to the next questions how to market and price a new line of plastic rings and the big question what to do about the special steel they use to produce steel rings. If PWI sells on a new line of...
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...EXECUTIVE SUMMARY Worldwide Paper Company Longwood Woodyard Proposal Blue Ridge Mill is considering the addition of a new on-site longwood woodyard in 2006. This proposal is expected to gain two primary benefits during its 6 years economic life: to bring substantial cost saving by eliminating the need to buy shortwood from outside suppliers and produce its own shortwood to sell in open market. After executing detailed and sensitivity analysis, the project is expected to create value for shareholders at Worldwide Paper Company. The valuation method for the project is forecasting the future free cash flows generated from the project and calculating its net present value (NPV). This project has a positive NPV of $936,147, and an internal rate of return (IRR) at 11.44% which is larger than the company’s weighted average cost of capital (WACC) at 9.85%. Consequently, the investment is expected to be able to maximize shareholders’ wealth by generating positive future cash flows. The WACC of the company is estimated based on its cost of debt and cost of equity. After tax cost of debt is computed from the bank loan rates (LIBOR +1%) at 6.38% and 10-year-bond rate at A rating at 5.78%. Cost of equity is based of the 10-year US government bonds rate at 4.60%, historical average of market risk premium at 6.0% and beta at 1.1 because these data are considered most relevant to the company. Capital structure weights of the company is based on market value. Specifically, equity value...
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...numerous sporting facilities in the United States with such arenas as the Staples Center in Los Angeles, Prudential Center in Newark and the America Airlines Arena in Miami under its control. AEG developed and operates the Home Depot Centre in Carson Los Angeles “it is the official U.S Olympic training site that features elite facilities for soccer, tennis, track and field, track cycling, boxing, lacrosse, rugby, football and other sport. The Home Depot Center also hosts concerts and family shows and is the home of the Major League Soccer’s Los Angeles Galaxy and Chivas USA” (Anschutz Entertainment Group, 2012). It is also the national training center for both the Men and Women national soccer teams. AEG also controls many facilities worldwide, in Europe in controls the O2 area in London and the O2 World arena in Berlin, The Hamburg Arena in Hamburg, the Ahoy arena in Rotterdam and the Globe Arena in Stockholm. In Asia it controls the Wukesong Arena in Beijing and the Qatar National Convention Center in Doha. AEG also controls Acer Arena in Sydney Australia. AEG owns a share in an impressive number of sports teams around the world and has a firm grip some of the largest sporting franchises and various sports. AEG part owns the Los Angeles Galaxy, Houston Dynamo’s Major League soccer teams and the Hammarby soccer club which is the most popular soccer club in Stockholm and among the most popular soccer clubs in Sweden (Anschutz Entertainment Group, 2012). AEG part owns various...
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...Worldwide Telecommunications Team,”C” Joseph Collins, Megan Ward, Andrew Hoffart, Steven Rankin, Cheryl Bandy COMM/215 April 28, 2014 Irwin Shubert Worldwide Telecommunications, Inc. and the cultural changes within Diversity has brought a new importance to the work place. With the world becoming more diverse, and the work place becoming more multicultural, political correctness, affirmative action and disparities in pay pushed their employers to change their recruiting practices. A progressive workplace should consist of employees of wide-ranging cultures, ethnicities, religions, genders, and ages, and other factors. When you add people from the different backrounds there’s always going to be tension. However, each individual from each different culture or reign can bring something different, something new and exciting to the table. Worldwide Telecommunications, Inc. is meeting this rather complicated issue directly in the hopes of turning it into an opportunity to promote a multicultural work environment that its customers can connect with. The various cultures of the workers will have an effect on the way that the community understands and interacts with the organization in an affirmative way. This distinctive idea will not be without its difficulties. A diverse workplace can lead to challenges and struggles as people from different cultures, ethnicities, religions, genders, and ages learn to work together...
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...Case Study: Worldwide Chemical Company BUSN 6110 – Operations Management Webster University Problem: Worldwide Chemical Company, manufacturers of polymer fiber and flake is suffering chronic production equipment failures causing significant output shortfalls, losing business to competitors. Facts: ▪ Because unreliable equipment made on-demand production too risky to attempt, the response to seasonal fluctuations in demand was to stockpile inventory for months. ▪ Equipment problems affected first-run quality, resulting in wasted product and further production delays. ▪ The production manager refused requests by the maintenance manager to halt production for scheduled equipment maintenance, but became belligerent when breakdowns occurred. ▪ Maintenance personnel were underutilized until a failure halted production, then would be called as “firemen” to repair equipment, sometimes working round the clock to do so. ▪ The plant manager had been repeatedly called on the carpet by corporate management for routinely missing production goals. ▪ Employee morale was very low due to rumors of plant closing for chronic production goal shortfalls. Assumptions: In any business, excess inventory is waste, and this company has adopted this wasteful practice. When an equipment failure halts or significantly decreases production, replacement parts are needed ASAP, so confiscatory rates for super-expedited shipping are being paid. All employees are assumed to be sufficiently...
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...Worldwide Terrorism Terrorism is the systematic use of terror, often violent, especially as a means of coercion. The word terrorism is politically and emotionally charged and has been practiced by a broad array of political organizations to further their objectives. When here about these terrorist attacks, I have always wondered when terrorism started, how terrorist groups are funded and what motivates a terrorist group to do these horrible acts. September 11th, 2001, I am a sophomore in high school. The bell rings for students to go to lunch, so as I walk down the hall and turn the corner, at a distance I hear the craziest thing “Dude I heard a plane hit a building in New York!” Immediately I think nothing of it so I grab my lunch and sit in the patio. Five minutes later, my friend turns on the TV and what I brushed aside earlier was happening right before my eyes. The history of terrorism goes back as far as the beginning of the 1st century AD. A Jewish extremist group known as Sicarii Zealots was very active in the Judaea Province. According to Josephus in 6 AD, Judas of Galilee formed a small offshoot of the Zealots. But the term originally was used to describe the actions of the Jacobin Club during the Reign of Terror in the French Revolution. The question of how terrorist organizations are funded has been a real mystery to me. A few friends and I talked about it on many separate occasions. I thought that maybe the funding came from drug lords or even kidnapping for...
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...Question 1 Why have American films been so successful over the last half century? Outline what you consider to be key success factors for a film (type of story and genre; actors; directors, pace, music, and so on). Was the fascination for the American culture and way of life the prominent reason for that success? What was the contribution of the American melting pot with its huge diversity of migrants’ origins to the creativity and global outlook of the American movie industry? There are several reasons for the success of American movies: the budget, the Hollywood brand, the directors and the universal themes that appeal to a broad public. When the production can cover most of its costs by the local profit, it allows for a relatively low selling price to the foreign distributors. A large budget also makes it possible to use expensive actors with a recognized name that attracts visitors, as well as developing an efficient distribution system. The US has the most prominent country-brand equity in the world, which has without a doubt contributed to the Hollywood success. Therefore one might say that the fascination for American culture has helped their movie industry, but there are too many other factors to say that this is the main reason for its success. Several of the well renowned Hollywood directors have origins outside of the US. This knowledge of more than one culture might have contributed to a more international touch to their films, appealing to many different cultures...
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...Worldwide Telecommunications, Inc. Worldwide Telecommunications, Inc. is a full service voice and data communications company. The company is one of the world’s largest and successful telecommunications companies. Despite the success that Worldwide Telecommunications, Inc. had experienced, the company will eventually face some cultural changes in the future. Also, a diverse workforce will have an effect on teamwork as well as communication. However, Worldwide Telecommunications, Inc. is not the only large company that will come across cultural changes. Nowadays, the trend for many companies is to expand into another country with the goal to gain a diverse workforce and to enter an international market. Although this trend is extremely beneficial for the company’s success and survival, there are some negative aspects as well. Possible Cultural Changes in Worldwide Telecommunications, Inc. The world is becoming more diverse and most large companies are multicultural. Diversity definitely has brought new importance to the workplace. Because of the increase of diverse employees from all over the world, it is almost impossible for Worldwide Telecommunications, Inc. to not counteract any cultural changes. Combining people from different backgrounds can cause tension in the workplace. People of different nationalities, ethnicities, religions, genders, ages, etc. interact with each other differently and perceive things in different ways. In addition, the working...
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...9-197-103 REV: MAY 21, 2004 WILLIAM J. BRUNS, JR. Precision Worldwide, Inc. In late May 2004, Hans Thorborg, the general manager of the German plant of Precision Worldwide, Inc. (PWI), scheduled an afternoon meeting with his sales manager, accountant, and development engineer to discuss the introduction by the French firm Henri Poulenc (a competitor) of a plastic ring substitute for the steel retaining rings presently used in certain machines sold by Precision Worldwide. The plastic ring, new to the market, not only had a much longer life than the PWI steel ring but also apparently had a much lower manufacturing cost. Thorborg’s problem stemmed from PWI’s large quantity of steel rings on hand and the substantial inventory of special steel that had been purchased for their manufacture. After a thorough survey, he had found that the special steel could not be sold, even for scrap; the total book value of these inventories exceeded $390,000. For nearly 90 years PWI had manufactured industrial machines and equipment for sale in numerous countries. The particular machines involved in Thorborg’s dilemma were made only at the company’s plant in Frankfurt, Germany, which employed more than one thousand people. The different models were priced between $18,900 and $28,900 and were sold by a separate sales organization. Repair and replacement parts, which accounted for a substantial part of the company’s business, were sold separately. As with the steel rings, these parts could often...
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...http://ocw.mit.edu ____________ MIT OpenCourseWare 15.963 Management Accounting and Control Spring 2007 For information about citing these materials or our Terms of Use, visit: ________________ http://ocw.mit.edu/terms. 15.963 Managerial Accounting and Control Spring 2007 Prof. Mozaffar Khan MIT Sloan School of Management Main Line vs. Basinger Selected Filmography Kim Basinger Sherilyn Fenn Novel Romance (2006) Dream Warrior (2004) Darkness Falls (1999) Outside Ozona (1998) Boxing Helena (1993) Backstreet Dreams (1990) The Wild Life (1984) 2 The Sentinel (2006) Cellular (2004) 8 Mile (2002) L.A. Confidential (1997) The Getaway (1994) Batman (1989) Hard Country (1981) 15.963 [Spring 2007] Managerial Accounting & Control Main Line vs. Basinger Evaluate the defense argument that Mazzocone “has a duty under the law to minimize his loss, and this does not include going out and making a picture knowing you are $2m short. At what stage in the negotiations did Basinger withdraw? If late, it is possible some costs were contractual obligations (such as rights to script) at the time, and these obligations were assumed with the presumption of Basinger participating. Managerial Accounting & Control 3 15.963 [Spring 2007] Main Line vs. Basinger What were Mazzocone’s options following Basinger’s withdrawal? Do not make movie – this assumes all costs sunk. Make with another...
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...The Goonies/ Formal Organization I. Hierarchy of Authority a) Mikey- the leader, knowledge of the treasure and story of the treasure, desire to fix the problem (he knew Chunk would drop the framed map, Chester Copperpot, holds the dab loon), persistent in his desire to find the treasure b) Data-Gadgets c) Chunk-reluctant member; recruitment(Sloth) – knows the Fratelli’s are bad; reluctant “ I don’t want to go on any more Goonie adventures”; his reluctance leads to him being left behind; d) Mouth- Spanish translator e) Brand thinks he’s in charge because he is the oldest II. Pattern of Reporting relationships a) Each person that is involved with the group reports somewhat to Mikey. Mikey reports to no one but his older brother b) The idea of the Goonies seems to be Mikey’s idea and anything involved regarding the group gets run by him. c) Mikey has little control of reporting relationships and is trumped to a degree by his older brother III. Formal measurement, evaluations, and control systems a) the formal measurement of the group would be if they succeed in fending off the developers and if they find one-eyed Willie’s treasure. b) division of activities are based on individual strengths- interactions are not required but wanted by the individuals c) Control of the group is informal based on the members have little knowledge of what tasks they’ll be performing next d) Fratelli’s...
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...World Literature Students Name: Course Title: Institution: Professor’s Name: Date of Submission: Show how Li Bo’s “Drinking Alone with the Moon” answers the definition of a lyric by citing evidence in it of the lyric features of subjectivity, emotion, imagination. You should not include brevity and musicality. Damrosch, et al (2009) argued that it is examined that emotional intelligence and self-esteem are mediators of the relationship between adult and generally the young attachment orientations and subjective well-being. Damrosch, et al (2009) stated that Bootstrap mediation analysis revealed that both emotional intelligence and self-esteem acted as mediators of the relationship brought about through messages in lyrical form. In addition, a serial mediating role of emotional intelligence via self-esteem is found. Considering this in lyrical form it is used mystically to converse the reality of feelings among human beings. This can further be transformed in diverse form so as to suit the message across any compositions that is majorly lyrical. The different ways these imaginations are rationalized is through blending in the diverse methodologies that try to sensitize the messages that are entailed in lyrically modified means. In what way does Shakespeare’s “Sonnet 130: My mistress’s eyes are nothing like the sun” satirize Petrarchan conventions and in what way does it uphold them? Paterson, et al (2010) argued that every aspect of the Sonnet form lends itself to...
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