What Is “Creating Shared Value”? - Policies and operating practices that enhance the competitiveness of a company while simultaneously advancing the economic and social conditions in the communities in which it operates. The concept of shared value—which focuses on the connections between societal and economic progress— has the power to unleash the next wave of global growth. An increasing number of companies known for their hard‐nosed approach to business—such as Google, IBM, Intel, Johnson & Johnson
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1 Module 1 Organization Organization is a pattern of relationships among the individuals working together for a common goal. The systems approach considers organization as a system composed of sub systems that are inter-related. Systems have boundaries, but they also interact with external environment. That is, they are open systems. This approach recognizes the importance of studying inter-relatedness of planning, organizing, and controlling in an organization as well as the many subsystems
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business, the flexibility of management decisions, government restrictions, personal liability, tax considerations, and the like” (Cheeseman, 2010, p. 529). The major forms of business organizations are, sole proprietorship, partnership, limited liability company, limited liability partnership, corporation, S corporation, and franchise. This paper will define these forms and provide individual scenarios of each and why they were chosen. Sole Proprietorship “A sole proprietorship is the simplest form
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for all corporate debts Advantages: (1) Total Control (2) Simplicity of Formation Disadvantages: (1) Difficulty in raising capital (2) Unlimited Liability for business debt (3) Very low liquidity in ownership of business General Partnership * One or more people have ownership stakes in the business * Partnership is a contract; so each party to the partnership must have the capacity to form a binding contract * A partnership is considered its own entity for some, limited purpose; but primarily
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policies, reviewed them occasionally and also ensured that ample facilities are provided to the SEZ developers as well as the companies setting up units in SEZs. These favorable conditions resulted in the biggest ever corporate rush for the development of SEZs in India. Over 234 companies received formal approval, 162 companies received in-principle approval and 100 companies received notification to set up SEZs. The Indian government is expecting an investment to the tune of Rs.53,561 crore (USD
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enables managers to have an understanding of what funds would be necessary for upcoming projects and projects of their company as well as allowing them to plan ahead. B- When a company is evolving from a start up to a major corporation, it will probably have to grow through the stages of sole proprietorship, partnership, and then a corporation. A sole proprietorship has advantages such as being easily and inexpensively formed and has to deal with less regulation by the government. Some of the disadvantages
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CHAPTER 2 OVERVIEW OF AUDITING I. Review Questions 1. One definition of auditing is that it is a systematic process by which a competent, independent person objectively obtains and evaluates evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users. The Philippine Standards on Auditing (PSA) 120 “Framework of Philippine Standards on Auditing”
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equity. They exercise control over the enterprise and consequently share revenues, expenses and assets. There are other types of companies such as JV limited by guarantee, joint ventures limited by guarantee with partners holding shares. In European law, the term 'joint-venture' (or joint undertaking) is an elusive legal concept, better defined under the rules of company law. In France, the term 'joint venture' is variously translated as 'association d'entreprises', 'entreprise conjointe', 'coentreprise'
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I. Factual Summary: 1. CUTCO cutlery has always been marketed through direct selling via Vector Marketing Corporation. This is viewed as an advantage because it allows the quality and performance features of the product to be explained and demonstrated directly to potential customers. Direct selling sets CUTCO apart from its competitors, who have traditionally used department stores and mass merchandisers to market their products. The people actually selling CUTCO cutlery are independent contractors
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Additionally, major issues and opportunities Super Diva face will be included in this paper. Circumstances surround each issue will also be addressed. Goals When starting up a business, setting goals are essential to the growth and well-being of the company. Goals are internal strengths and forces that are observable and measure results. Goals can be described as short-term or long-term. Short-term goals are detailed, assessable and time specific. These types of goals involve a direct mission and are
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