step was what Hershey Foods did to raise its debt/equity ratio and thereby reduce its cost of capital from 13% to 11%. Because of aggressive cost of capital management, Hershey was able to reduce its WACC from being one of the highest in its industry to being one of the lowest (see graph below). 4. Who were M&M?. Merton Miller and Franco Modigliani (both deceased) were finance/econ professors at U. of Chicago and MIT, respectively. They won a Nobel Prize in Economics for their work on capital
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Domino’s Sizzles with Pizza Tracker 1. What kinds of systems are described in this case? Identify and describe the business processes each supports. Describe the inputs, processes, and outputs of these systems. There are three kinds of systems are described in this case. They are the Transaction Processing System (TPS), the Management Information System (MIS), and the Decision Support System (DSS). The Transaction Processing System (TPS) is a computerized system that performs and records the daily
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Case Study, Module 4 TUI University MGT 599 Strategic Management EXECUTIVE SUMMARY The California Pizza Kitchen (CPK) is an established high-end pizza restaurant chain competing primarily in the United States although it does have some international locations. The company reported an estimated $664.7 million in revenue for 2009 and operates some 252 unique locations with more than 14 thousand employees (California, 2009). The Porter’s
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Introduction Pizza Hut was started in 1958, by two brothers in Wichita, Kansas. Frank and Dan Carney had the idea to open a pizza parlor. They borrowed $600 from their mother, and opened the very first Pizza Hut. In 1959, the first franchise unit opened in Topeka, Kansas. Almost ten years later, Pizza Hut would be serving one million customers a week in their 310 locations. In 1970, Pizza Hut was put on the New York Stock Exchange under the ticker symbol PIZ. In 1986, Pizza Hut introduced delivery
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new products, and special promotional strategies had made McDonald’s Corporation a leader of the fast-food industry. However, sales growth in the United States had slowed to below the industry average in recent years. Jack Greenberg was trying to decide on a set of appropriate strategies for the future in order to reverse the declines and to stay ahead of competition. The Fast-Food Industry Years of profit drains and flat sales are driving fast-food chains to find new marketing strategies to compete
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of Mr. Pizza 13 Strengths 13 Weaknesses 14 Opportunities 15 Threats 15 Brief comparison with Pizza Hut 16 Limitations of our research 16 Recommendation 16 References 18 Appendix 19 Introduction Background Mr. Pizza Korea Co., Ltd. is a Korean pizza franchise company. Headquartered in Banpo-Dong Seocho-Gu Seoul, Korea, it was established in 1990. It is a restaurant chain making Korean style pizza. After establishing a franchise in Ewha Women's University, Mr. Pizza opened a
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country and its market in general is in rapid growth, especially the Fast Food industry. This rapid growing industry does have influential marketing factors. Both the macro-environment and the micro-environment factors do affect the Fast Food industry in Oman. Some affect in larger percentage and some very minimal that it seems so invisible. Following are the seemingly active environmental forces shaping the Fast Food Industry in Oman: Micro Environment: Employees Customers Company Competitors
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------------------------------------------------- Corporate level: Market Defination ------------------------------------------------- SBU level: Market Navigation ------------------------------------------------- Fucntional Level: Supports CL and SBULS ------------------------------------------------- Dream-Vision-Mission-Plan ------------------------------------------------- 1# Corporate Strategy: ------------------------------------------------- This kind of strategy is concerned
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Iowa Tax Case Could Cost Nation’s Franchises September 2010 Franchising World Franchisors should also expect the impact of the decision in KFC Corp. to extend beyond Iowa. The Iowa Supreme Court in late May heard oral arguments in KFC Corp. vs. Iowa Department of Revenue, a case that could have a substantial financial impact on franchisors across the nation. Iowa asserted that KFC is subject to the state’s corporate income tax based solely on the fact that it received royalties from franchisees
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Each organized business is classified into an industry (United States Census Bureau, 2012). NAICS stands for North American Industrial Classification System. These specific codes are used by the government and businesses to classify different organizations by a certain type of economic activity (Thompson, Peteraf, Gamble, & Strickland, 2012. The NAICS code for Domino’s Pizza is 722513 (United States Census Bureau, 2012). This code is for Limited-Service Restaurants (United States Census Bureau, 2012)
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