Topic 1: Analysing the external environment Strategy – direction and scope of an organisation over a long term, which achieves the advantage of changing environment through its configuration of resources and competencies with the aim of fulfilling stakeholder expectations. Direction – Mission, vision, and course Scope – broad or narrow strategy Long term – 5-10years Environment – General environment & industry environment Resources – tangible and intangible Capabilities – capacity
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Solution Manual to accompany Accounting: Business Reporting for Decision Making 4e Jacqueline Birt, Keryn Chalmers, Suzanne Byrne, Albie Brooks & Judy Oliver Prepared by Jacqueline Birt John Wiley & Sons Australia, Ltd 2012 Chapter 1: Introduction to accounting Comprehension Questions 1.1 What is a business transaction and how does it relate to the accounting process? Illustrate the concept of a business transaction with five examples relating to a mobile phone distributor
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equity check" as did the companies like DuPont and Intel when they felt as their CEO paychecks were getting out of control. Internal pay equity is a simple benchmarking tool that an organization use by having their Human Resources team analyzes historical data concerning pay for its employees against the CEO. Fred Cook, Founder of Frederick W. Cook & Co., stated that using the internal pay equity is fair, economical, mitigates market biases. It leads to
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The text Television is an important form of communication and has been for many years. Television brings important historical events, both positive and negative, directly into our homes. People don’t just read about current events, they experience them in real time. Television can also be a fine teaching tool – there are many television shows on the air that are informative and educational. The right television shows can teach our children about morals and values as well as right from wrong. Educational
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how do these strengths & weaknesses compare to competitors? Why Does Internal Analysis Matter? Internal analysis helps a firm: • determine if its resources and capabilities are likely sources of competitive advantage • establish strategies that will exploit any sources of competitive advantage Traditional research on firm strengths and weaknesses • Theories of distinctive competence – General managers as distinctive competencies – Institutional leadership as a distinctive competence • Ricardian
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Organizations use computers and information systems to reduce costs and gain a(n) competitive advantage in the market place. a. Competitive disadvantage b. Marketing advantage c. Quality advantage d. Competitive advantage 2. Business intelligence provides historical, current, and predictive views of business operations and environments and gives organizations a competitive advantage in the market place. a. Competitive advantage b. Computer literacy c. Business intelligence
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Case: Reinsurance Group of America and Fonterra: Going for Unified Global Operation 1. What is the business value of these global systems developments for the companies mentioned in the case? The business value of these global system developments for the companies mentioned in the case is very high. In case of RGA, the employees can analyze data by client, contract, and product and can find client errors very easily. This has been made possible because data is not stored at one place. This
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percentage of work that was done with each job order. Since manufacturing overhead is an indirect cost, and not directly, or easily related to each job, a predetermined rate allows the cost to be associated with a job. Based on historical data, a rate is estimated. 2. What are the advantages and disadvantages to using the cost of each print as a manufacturing overhead cost driver? Advantages- By using the cost of each print as the manufacturing overhead driver it makes the information simple to collect
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Direct labour costs 40,000 10,000 Production overhead 20,000 30,000 Seed stock, fertilizer and chemical 15,000 25,000 Costs to complete the cycle 90,000 100,000 Estimated harvest 10,000 kg 15,000 kg Required: a) Determine the estimated total costs upon completion and estimated profit for each batch if the selling price for the tiger prawns is RM12/kg. b) If provision for batch 1 and batch 2 is RM16,000 and RM8,000 respectively, calculate the value of the closing stock at NRV and at cost 1 QUESTION
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1) Evaluate Nokia’s strategy and historical operating performance. Nokia, the global leader in mobile communications, competes in a fast moving and highly competitive mobile phone industry. Threatened by intense competition from iPhone, Android phones on the high end and rival products in the larger, lower-priced segment as well, Nokia’s strategic plan is to partner with Microsoft to build a new ecosystem with Windows Phone (WP) serving as Nokia’s primary smartphone platform while its own Symbian
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