...separate these two worlds. Another argument is that while economics provides a basis for action based solely on self-interest, ethics are important for operating in an environment filled with interconnected entities such as business, government, and people. After all, “no business can view itself as an isolated entity, unaffected by the demands of individuals and society” (p. 33). Gini recognizes that there is a widespread sentiment that business and ethics are mutually exclusive. It seems that “…the realm of business operates under the dictum of legal moralism: Everything is allowed that is not strictly forbidden” (p. 33). Not only does Gini disagree with that sentiment, he believes the ethics of leaders to be critical for the whole corporation. While each individual has their own opinions and their own free will, Gini describes a trickledown relationship of ethical behavior from executive leadership down. Management is definitely responsible for setting the ethical tone and atmosphere of an organization. Rather than approach the subject on purely theoretical terms, it may be beneficial to examine a real application of the topic. The current condition of my co-op employer, Consumers Energy, provides a good example of the effects...
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...GE’s Growth Strategy: The Immelt Initiative 1. When Immelt took over as CEO of GE, he was faced with many unexpected challenges which caused a need for change. Within 4 days of his first day as CEO, the terrorist attacks on the World Trade Center occurred. This act caused a huge downturn in the economy as well as in the confidence of consumers worldwide. Immelt immediately saw the need for action on GE’s behalf as he reassured consumers by reaching out to victims, rescue workers, and their families. He also saw the need for financial reassurance and bought 25,000 shares of GE stock on his own personal account. He remained confident that he could keep the constant growth going even in the face of disaster. Soon after the tragedy of the World Trade Center, the Enron scandal became public. As the public was exposed to the corruption that could occur within large, trusted corporations, investors began to shy away from the larger, more complex corporations like GE in fear of the same thing happening and they lose their investments again. This caused Immelt to look into the operations of the company and what was driving the current growth. He had to consider whether the same strategy would still work, which led to the third reason for a need for change. Immelt knew that he was going to have to keep up the growth that former CEO Jack Welch enjoyed, but Immelt could see that the same strategy of depending on growth from productivity was not going to work....
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...APA referencing style paper Example | Description | Small, Medium and Micro Enterprise(SMME)Organization for Economic Co-operation and Development(OECD)Manufacturing Advisory Centres(MACs)Industrial Development Corporation(IDC)Western Cape Business Opportunities Forum( WCBOF) | The full name is followed by the abbreviation | (Marais , 2001;and Chrisholm,2004)(van Bussel,1998; and OECD,2004)(Thomas,1999,p.29)(Sarder et al., 1997;Tweed and Massey, 2000; Audet et al., 2007)(Selsky and Parker,2005, p.854; Kourula and Laasonen, 2009, p.1; Le Ber and Branzei, 2009, p.2; and Rasche, 2009, p.517) | The in-referencing style is given in the round brackets starting with the name of the author , the year of publication and page number separated by comma. If there are multiple authors in In-references then those are separated by semicolon. | (Department of Trade and Industry,1995) | Organization’s full name is followed by the year of event. | “Review of ten years of small-business support in South Africa 1994-2004” (Department of Trade and Industry,2004)“The government reiterated.....the disabled” (Department of Trade and Industry,2004, p.70) | The statement in quotation is followed by who stated it , when and the page number. | Christian Friedrich* and Eslyn Isaacs** | Footnote is indicated by asterisk(*). | Thomas(1999) | Author’s name and year of statement | (Audet et al. , 2007) | If there are more than two authors then main author’s name appears first followed by...
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...benefits Ans: b Section: Evolution of Multinational Level: Easy 1.2 The primary objective of the multinational corporation is to a) Maximize shareholder wealth b) Maximize world production c) Minimize debt d) Minimize the cost of doing business globally Ans: a Section: Multinational Financial Management: Theory and Practice Level: Easy 1.3 ____________ is defined as the purchase of assets or commodities on one market for immediate resale on another in order to profit form a price discrepancy. a) Internationalization b) Arbitrage c) Financing d) Total risk Ans: b Section: Evolution of Multinational Level: Easy 1.4 The value of good financial management is ___________ in the global markets because of the much greater probability of market imperfections and multiple tax rates. a) Minimized b) Neutralized c) Enhanced d) Arbitraged away Ans: c Section: Role of the financial executive Level: Easy 1.5 When a firm operates globally it offers advantages such as a) Greater political power at home b) Bless taxes on its profits c) Greater negotiating power with foreign minority groups d) Greater negotiating power with labor unions Ans: d Section: Rise of the MNC Level: Easy 1.6 The prime transmitter of global competitive forces is the a) Public utility firm b) Financial management experience of the U.S. markets c) The multinational corporation d) The Federal Reserve System of the U.S. Ans: c Section: Rise of the MNC Level: Easy 1.7 ___________ were the...
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...Mr. Dimakh Sahastrabuddhe, CEO, Dimakh Consultants Dimakh is the CEO of Dimakh Consultants Pvt Ltd, a leading IT consulting firm in Pune India. He is a first generation entrepreneur and started the enterprise at a young age of 23. The company provides varied IT offerings in software development, website designing & hosting and networking solutions. Dimakh holds a Bachelor of Engineering degree from the University of Pune. He is on the visiting faculty at Symbiosis University,Tasmac-Wales University and IIPM for last 15 years. With his real life experience in IT fields he simplifies the learning process and makes it an interesting session for techies as well as non-techies. Dimakh is a sought-after speaker and has delivered lectures at several corporations including Wipro, Reliance, Mphasis, Convergent, Msource, Infosys. Dimakh has written a number of articles in IT magazines and TOP B school journals and is the author of "E-Business" a book on current e-commerce trends. He was invited by the ministry of communication Afghanistan, to design the rules- regulations and cyber laws for Afghanistan after the Taliban war and he has successfully deployed a complete telecom billing system for Kabul, which was the first revenue generation project for Afghanistan. Dimakh is the winner of the "Budding Entrepreneur Award" and "Outstanding achievements in the field of Information Technology" given by Rotary International's Rotary club. He is the winner of young marathi achiever...
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...Alibaba.com Feasibility Study and Business Plan M21-A Kevin Paul Julia CONTENT 1. INTRODUCTION................................................................... 2 2. BUSINESS MODEL ............................................................... 3 3. FIVE FORCES ANALYSIS ................................................... 4 4. PRESENT THE CORPORATION NOW ............................. 5 5. ENVIRONMENT .................................................................... 6 6. FINANCIAL ANALYSIS........................................................ 7 7. SWOT ANALYSIS ................................................................ 10 1 1. Introduction 1.1. Alibaba Group Alibaba (SEHK: 1688) (Chinese: 阿 里 巴 巴 ; pinyin: ā lǐ bā bā) is a Hangzhou-based e-commerce/e-auction company, specializing in global trading. It was founded in 1999 by Ma Yun (Jack Ma), and operates five e-commerce sub-companies which operate different aspects of trading. 1.2. Business profile The English-language web site alibaba.com specializes in business-to-business trades, especially for international buyers trying to contact Chinese sellers. The Chinese-language web site china.alibaba.com focuses on business-to-business trades within China, while www.taobao.com is a consumer-to-consumer trade site for Chinese customers. The Japanese language website "Japan.alibaba.com" is for Japanese customers. Alibaba Group Type e-commerce Founded Hangzhou, China (1999) 6/F Chuangye Mansion, East...
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...[pic] Dharini Giri 12050221051 FC- 3yr Dell Introduction Dell Inc. is an American privately owned multinational computer technology company based in Round Rock, Texas, United States, that develops, sells, repairs and supports computers and related products and services. Bearing the name of its founder, Michael Dell, the company is one of the largest technological corporations in the world, employing more than 103,300 people worldwide. Dell sells personal computers, servers, data storage devices, network switches, software, computer peripherals, HDTVs, cameras, printers, MP3 players and also electronics built by other manufacturers. The company is well known for its innovations in supply chain management and electronic commerce, particularly its direct-sales model and its "build-to-order" or "configure to order" approach to manufacturing—delivering individual PCs configured to customer specifications. Dell was a pure hardware vendor for much of its existence, but a few years ago with the acquisition of Perot Systems, Dell entered the market for IT services. The company has since made additional acquisitions in storage and networking systems, with the aim of expanding their portfolio from offering computers only to delivering complete solutions for enterprise customers. History Dell traces its origins to 1984, when Michael Dell created PC's Limited while a student of the University of Texas at Austin. The dorm-room headquartered company...
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...Running head: ORGANIZATIONAL STRUCTURE DISCUSSION SUMMARY Corporate Strategy Analysis Summary Team C MGT/230 June 29, 2015 Jack Geer 1 ORGANIZATIONAL STRUCTURE DISCUSSION SUMMARY 2 Organizational Structure Summary Introduction As a corporation, it is important that an organizational structure is put in place to achieve maximum efficiency. There are three main types of organizational structure: functional, divisional, and matrix. As with everything, there are advantages and disadvantages of each structure. Organizational Structures Functional Organization: In a functional organization, jobs are specialized and grouped according to business functions and the skills they require. Functional structures are best with smaller simple environments. They tend to have two layers, the first being the CEO and the second being production, marketing, human resources, research and development, finance, accounting, and so forth. Other forms tend to be more flexible and responsive than the functional form. The largest advantage of having a functional form is the cost. Seeing that as the organization has many different employees in one level, it is easy to spend less money on equipment as well has have a higher production rate. Other great advantages of a functional structure are; the employee performance which is better maintained and communication is precise and clearly elaborate...
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...Technology and Investment, 2014, 5, 26-31 Published Online February 2014 (http://www.scirp.org/journal/ti) http://dx.doi.org/10.4236/ti.2014.51004 An Empirical Study on the Effects of Equity Incentive of the Listed Corporations in the SME Board of China —An Empirical Analysis Based on the View of Earnings Management Lixin Xu, Wenqin Cui School of Management, University of Science and Technology of China, Hefei, China Email: cuiwenqin27@163.com Received October 29, 2013; revised November 29, 2013; accepted December 6, 2013 Copyright © 2014 Lixin Xu, Wenqin Cui. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. In accordance of the Creative Commons Attribution License all Copyrights © 2014 are reserved for SCIRP and the owner of the intellectual property Lixin Xu, Wenqin Cui. All Copyright © 2014 are guarded by law and by SCIRP as a guardian. ABSTRACT Currently, most researches are focusing on Shanghai & Shenzhen exchange, and few researches have been done on the SME board. Besides, while studying the effect of equity incentive, most of the researchers have ignored the earnings management triggered by stock ownership incentive. This paper takes the SME board companies which have implemented stock ownership incentive as the research object. We have used earnings management to modify the company performance...
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...evolution of multinational Level: Easy 1.2 The primary objective of the multinational corporation is to a.) maximize shareholder wealth b) maximize world production c) minimize debt d) minimize the cost of doing business globally Ans: a Section: Multinational Financial Management: Theory and Practice Level: Easy 3. ____________ is defined as the purchase of assets or commodities on one market for immediate resale on another in order to profit form a price discrepancy. a) internationalization b) arbitrage c) financing d) total risk Ans: b Section: evolution of multinational Level: Easy 4. The value of good financial management is ___________ in the global markets because of the much greater probability of market imperfections and multiple tax rates. a) minimized b) neutralized c) enhanced d) arbitraged away Ans: c Section: role of the financial executive Level: Easy 5. When a firm operates globally it offers advantages such as a) greater political power at home b) bless taxes on its profits c) greater negotiating power with foreign minority groups d) greater negotiating power with labor unions Ans: d Section: The rise of the MNC Level: Easy 6. The prime transmitter of global competitive forces is the a) public utility firm b) financial management experience of the U.S. markets c) the multinational corporation d) the Federal Reserve System of the U.S. Ans: c Section: rise of the multinational ...
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...Case Study: Conflict Management with Sales Partners at HP Case Study: Conflict Management with Sales Partners at HP Adrià Rodríguez Porras Student ID: 1300014 Course: Management Science (Marketing) Summer Semester 2014 Adrià Rodríguez Porras Student ID: 1300014 Course: Management Science (Marketing) Summer Semester 2014 Hewlett-Packard Company (or HP) is an American multinational information technology corporation specialized in providing hardware, software and services to consumers, small- and medium-sized businesses (SMBs) and large enterprises. In 2012 it was the world's largest PC vendor by unit sales. [1] The purpose of this illustrative case study is to describe the company’s adopted strategy used to reach this privileged position. By means of analysing HP’s sales system, sales channels and the recent conflicts with some partners, we will try to find out not only what has sparked these problems but also help prove a solution for this undesirable situation. Hewlett Packard’s sales system Reaching those levels of worldwide excellency requires a very well-defined marketing strategy, since they not only market their products directly but also via partnerships. That is why they invest time and energy in attracting, training and keeping valid partners. A good example of that is the PartnerOne program.[2] When designing the sales system, HP pondered who was going to undertake the selling activities (selection of sales entities) and how was meant to combine...
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...utility companies<ref name="ge_flash_history">[http://www.ge.com/innovation/FLASH/timeline.html General Electric official history]</ref> | |- | |1911 | |National Electric Lamp Company (NELA) is absorbed into General Electric's existing lighting business and GE establishes its lighting division headquarters at [[Nela Park]], the world's first industrial park, in [[East Cleveland, Ohio]] | |- | |1912 | |General Electric begins using [[phenolic resin]]s to mold plastic parts<ref name="ge_flash_history" /> | |- | |1913 | |[[Charles A. Coffin]] becomes the first Chairman of General Electric | |- | |1913 | |[[Edwin Rice]] becomes President, replacing Charles A. Coffin | |- | |1919 | |[[Radio Corporation of America]] (RCA) formed by General Electric and [[AT&T|American Telephone & Telegraph]] | |- | |1922 | |[[Owen Young]] becomes Chairman, replacing Charles A. Coffin | |- | |1930 | |General...
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...University Utara Malaysia ABSTRACT Internationalisation presents firms with various opportunities to expand their business activities. The review of the small business literature however, indicates that as a field of study, internationalisation has not attracted much research attention, particularly among small and medium-sized enterprises (SMEs) in the Malaysian context. This study initiated an attempt to address this issue. More specifically, the study strived to explore the internationalisation options, incentives, problems, and business strategy among manufacturing SMEs. INTRODUCTION Globalisation offers various internationalisation opportunities to not only large enterprises, but also to small and medium-sized enterprises (SMEs). Internationalisation provides firms with opportunities to expand their sales, lower their costs, and improve their profits. Although internationalisation presents firms with tremendous opportunities, the complexities and challenges of international marketplace appear to restrict their interest and frustrate their efforts at internationalising (De Noble et.al, 1989; and Burpitt and Rondinelli, 2000). 1 In the case of small and medium-sized enterprises (SMEs), they seemed to be slacking in the area of internationalisation. In spite of the fact that international markets can provide them better opportunities for long term growth and profitability, their share of export sales is disproportionately lower than their share of sales in the domestic economy...
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...The Crucial Roles of Professional Accountants in Business in Mid-Sized Enterprises Professional Accountants in Business Committee International Federation of Accountants 545 Fifth Avenue, 14th Floor New York, New York 10017 USA The mission of the International Federation of Accountants (IFAC) is to serve the public interest, strengthen the worldwide accountancy profession and contribute to the development of strong international economies by establishing and promoting adherence to high-quality professional standards, furthering the international convergence of such standards and speaking out on public interest issues where the profession’s expertise is most relevant. This publication was prepared by IFAC’s Professional Accountants in Business (PAIB) Committee. The PAIB Committee serves IFAC member bodies and the more than one million professional accountants worldwide who work in commerce, industry, the public sector, education, and the not-for-profit sector. Its aim is to enhance the role of professional accountants in business by encouraging and facilitating the global development and exchange of knowledge and best practices. This publication may be downloaded free-of-charge from the IFAC Web site at http://www.ifac.org. The approved text is published in the English language. Copyright © September 2008 by the International Federation of Accountants (IFAC). All rights reserved. Permission is granted to make copies of this work provided that such copies are for use in...
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...geopolitical development in Ukraine and the Middle East, causing ambiguity around future outlooks within relevant financial markets. In general, the present environment is contributing to extraordinary resulting figures of low inflation, low interest rates and records of over six years of central bank liquidity in the Eurozone and the US. This in respective has given rise to low risk differentiation in credit spreads and a sharp increase in asset prices (SEB 2014). About SEB SEB is regarded as one of the leading corporate- and investment banks of Scandinavia. The company is lead by CEO Annika Falkenberg and currently employs 16 000 highly-skilled people in over 20 countries around the world, hence covering different time zones, securing reach and local market knowledge with its headquarter in Stockholm. SEB serves around 2 900 large companies and institutions, 4 000 small and medium enterprises and four million private clients. SEB international operations are directed towards eleven different financial markets around the globe. SEB has received many prestigious rewards over the...
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