s e c TIo n client acceptance C a s es inC lu de d in t his se Ction 1 3 1.1 Ocean Manufacturing, Inc. . . . . . . . . . . . . . . . . . . . . . . The New Client Acceptance Decision InsTrucTor resource Manual — Do noT copy or reDIsTrIbuTe InsTrucTor resource Manual — Do noT copy or reDIsTrIbuTe ocean Manufacturing, Inc. The new client acceptance Decision ins tr uC t ional o b je C t ive s [1] To c a s e 1.1 Mark S. Beasley · Frank A. Buckless · Steven M. Glover
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and Fischer should not accept Ocean Manufacturing, Inc., because the risks associated with this client outweigh the benefits of accepting the engagement. We feel as though, after a conducting a thorough investigation on Ocean, accepting the client would elevate our engagement risk—which could ultimately harm our firm. The risks associated with this client include: Ocean Manufacturing has had problems with their auditors. Over the past 12 years Ocean Manufacturing switched auditors three times
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of Crocs, Inc. By Jennifer von Briesen, Founder & Principal, Frontier Strategy, LLC Crocs, Inc. Overview Crocs, Inc. is a U.S. based shoe designer, manufacturer, and retailer that launched its business in 2002 selling Crocs™ brand casual plastic clogs with straps in a variety of solid, bright colors. Love them or hate them, the tremendous popularity of Crocs™ shoes is an undeniable business success story. Crocs’ bold strategic move allowed it to break out of the red ocean and achieve
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Ocean Manufacturing, Inc. 1. The auditor is to do the following: a. Communicate with the previous auditor to discuss the details of how the previous audits went and inquire about management integrity. b. Take any steps necessary to obtain an understanding of the client and its industry and determine if the auditor is capable of performing the audit properly. c. Ensure that the auditor is independent of the client. d. Evaluate the integrity of the client’s management
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STATEMENT PORTFOLIO RATIONALIZATION 2 6 7 SOLUTIONS MARKET STRATEGY ALTERNATIVES CRITERIA FOR SELECTION & ANALYSIS RECOMMENDATION LIBERATOR & SEXUAL WELLNESS IMPLEMENTATION ISSUES 12 16 20 21 24 BIBLIOGRAPHY 25 APPENDICES EXHIBIT 1: Liberator, Inc., Revenue Details EXHIBIT 2: LOGOS 26 27 1 HISTORY A gentleman is sitting in the waiting area of a hair salon reading a magazine while his wife gets her hair cut. The article he’s reading is about using pillows to increase satisfaction during
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Ocean Manufacturing Inc. - The New Client Acceptance Decision What non-financial matters should be considered before accepting Oceans as a client and why? - Most of Barnes and Fischer’s audit clients are in the healthcare services industry and the company has never had a client in the small appliances industry. The engagement presents an excellent opportunity for the company to enter a new market and expand its reputation, especially if Ocean goes public in the future. However, auditors need to
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Supply Chain Innovation — and Makes New Product Distribution a Snap Top consumer goods manufacturers now recognize that success requires more than just making market-leading products. Having the right distribution network is just as critical. Nikon Inc. is the world’s leader in precision optics, 35mm and digital imaging technology. So it’s no surprise that when the company saw the next big trend in photographic technology — digital cameras — they were ready to deliver with some of the most advanced
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from muffin mix to soap. 2. Ocean Spray and other growers have unleashed a steady flow of new products, including new low-calorie drinks such as Diet Ocean Spray. The company has also introduced a line of “Grower’s Reserve” 100% natural juices, including a “Super Antioxidant” variety with blueberry, pomegranate, and cranberry juices. Last year Ocean Spray has its most successful year ever, posting $2 billion in revenue with 30% from outside the U.S. [1] Ocean Spray Cooperative has one of the
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Growth Strategies, Innovation, Alliances, and Execution Capella University Introduction Thompson & Strickland (2013) believes that a successful organization’s strategy depends on people, capabilities, structure, and execution. Important as well are growth and innovation (P.. 286), which allows an organization to remain competitive. Growth strategies arise from an organization’s SWOT where clear guidelines identify areas of focus. Achieving this requires innovation and alliances on products
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Running head: Cola Wars1 Coke and Pepsi in the Twenty-First Century University of Redlands Deborah Bedgood-Ealy Professor Richard Doyle March 12, 2015 Coca-Cola and Pepsi function in the soft drink industry as dominating players and have remained market leaders for a long time. The key competencies of Coke and Pepsi range from the product, supply chain and distribution, marketing and customer loyalty. Each of them has developed operating procedure. The supply chain
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