Free Essay

Bristol Harbourside

In: Social Issues

Submitted By Niamhod3
Words 1838
Pages 8
Examine the redevelopment projects that have occurred in the Bristol Harbourside area over the last twenty years and evaluate their social and economic implications for local communities.
Bristol’s Harbourside overall redevelopment aim was to provide a fresh new creative area of the city consisting of leisure facilities, housing and offices; becoming one of the largest redevelopment projects in the world. The following text will examine Bristol’s Harbourside transformation and the knock on implications for the local community socially and economically.
Bristol's Harbourside area was once the original sight of the Port of Bristol. The Port of Bristol was once the central hub of Bristol’s economy, exporting woollen and additional manufactured goods as well as imports in sugar cane, tobacco, rum and cocoa. During the late 1700’s Bristol’s Port business was affected due to the River Avon’s tidal range of 35 feet. This large tidal range meant that the ships were beached in the mud of the River Avon for hours awaiting for the tide to come back in, in order to unload and load cargo. This had a knock on effect of the Ports business causing many ships to move trade to the Port of Liverpool. In an attempt to overcome the challenge of the second highest tidal range in the world the floating harbour was put forward as a solution. During the next two centuries the harbour flourished as a lively profitable port. (Visit Bristol. 2015) The floating Harbour was constructed to sustain a more or less constant water level along the Bristol Dockland stretch of the River Avon. The floating harbour constructed between 1804 and 1809 assisted Bristol’s cities growth, becoming one of the most significant ports in the world. (Bristol Post. 2014)
In the late 1960’s Bristol dockland area came close to fatal decline due to the cargo ships increasing in size. As a result the large cargo ships were no longer able to navigate down the River Avon to the Port of Bristol. Consequently many large cargo ships docked 7 miles downstream in the neighbouring ports of Avonmouth and Portbury instead. Competition from the new docks at Portbury and Avonmouth led to the closure of numerous industries in and around the Bristol docks; including lead-shot works, tobacco factories and a sand dredging industry. The closure of many industries left vast areas of Bristol’s Harbourside derelict, neglected and several unoccupied but listed buildings. (S-Cool. 2015) A considerable amount of the land was brownfield and contaminated. ( 2007) Much of this land was in multi- ownership, one of the senior stakeholders being the Imperial Tobacco; however they were disinterested in developing the area. As Bristol docks went into decline the city encountered a number of problems including mounting economic and social inequalities, some areas with high unemployment rates and large areas of derelict land. (S-Cool. 2015)
The first redevelopment project of the former Bristol Dockland area involved the restoration of the SS Great Britain, a historical vessel originally constructed in Bristol. (SS Great Britain. 2013) The restoration of the historical vessel attracted vast numbers of tourists and to this day still brings in between 150,000 and 200,000 visitors per year. The SS Great Britain confirmed that the dockland area was a valued location for redevelopment. In turn Lloyds TSB relocated their headquarters to the former Bristol Dockland area. The relocation of Lloyds TSB Headquarters caused a multiplier effect for a great boost in investment to the area. This new investment in Bristol’s Harbourside area brought with it economic benefits for the local area. A key driver in Bristol’s Harbourside redevelopment was John Pontin, founder of the JT group which bought the lease on Bush House. Bush House, previously a Victorian tea warehouse on Narrow Quay that had become derelict due to commercial port operations moving downstream. The JT Group refurbished the historical building and it became the group’s headquarters as well as the Arnolfini art gallery on the lower floors. The Arnolfini is known for its revolutionary role in Bristol’s performing and visual arts scene. The former tea warehouse was the first building along Bristol’s Harbourside to be restored after the closure of Bristol’s Port to commercial shipping. Bush House’s renovation was a wide-ranging success as it not only breathed a new sense of life into a struggling area but it also acted as a catalyst and kick started the redevelopment of Bristol’s Harbourside. (University of Bristol. 2007) JT Group involvement in Bristol’s Harbourside didn’t end at Bush House. Bristol council and JT Group collaborated to preserve rusting and rotting dockland cargo sheds by transforming two of them into the Watershed Arts Centre. In addition JT Group continued to redevelop these vast derelict spaces along the Harbourside and put them to new valuable uses. The group helped to convert the longstanding V Shed, once where barrels of claret and sauternes imported from France were unloaded from ships and transformed it into the Bordaueax Quay Restaurant and cookery school. (Bristol Post. 2012) The revival of Bush House has shown the influence that arts can have in pushing social and economic change in an area.
An important aspect of Bristol’s Harbourside redevelopment was improvements to the areas transport. Water-based routes have been put in place in the Harbourside area, run by two companies Number Seven Boat Trips and Bristol Ferry Boats. These ferrying services operate for leisure as well as commuter purposes. The services operate the length of the harbour from Bristol Temple Meads railway station to Hotwells via SS Great Britain and The Centre, serving 15 landing stages. (Bristol Post. 2013) In addition pedestrian access to the area has been improved by the construction of Pero’s footbridge in 1999. The construction of the footbridge added ease of movement for the public, linking Queen Square, Bristol Industrial Museum and the Arnolfini art gallery.
Millennium Square a key Harbourside redevelopment project built on Canon’s Marsh once semi derelict land with many derelict grand two listed buildings, once in need of major renovation. Millennium Square is now a wonderful central hub of Bristol’s Harbourside. The square is home to world class attractions, for instance Brunel’s SS Great Britain, At-Bristol Science Centre, Bristol Aquarium, Watershed and M Shed. (Visit Bristol. 2015) The canon’s Mash area redevelopment cost around £240 million, constructing 450 new homes as well as waterside offices. Much of Canon’s Marsh redevelopment was funded by the National Lottery, the Millennium Commission and South West of England Regional Development Agency. Bristol City Council and commercial partners put forward an additional £43.4million. Furthermore numerous private investors were involved in constructing private studio apartment buildings. (Bristol News. 2001.)
The redevelopment of Bristol harbour has brought not only social benefits to the area it has also created economic benefits for the local community. One major economic benefit includes over £300 million pounds worth of inward investment, in addition to the creation of more than 3000 new jobs. Furthermore with an increase in employment, potential spending of the local population increases bringing further economic development to the area as individuals now have greater purchasing power. Moreover a multiplier effect occurs wherein economic growth can expand outwards from the Harbourside development into other areas benefitting both the Harbourside development and the city itself. The large mixed commercial environment including cinemas, shops, restaurants, bars and cafes brings visitors to the area increasing trade within the city as well as attracting further investment. Bristol council is benefiting from the new businesses along the Bristol’s waterfront, receiving shares from the profits each year. In addition Bristol City council is economically benefiting of having one of the UK’S major ports. The social benefits of the redevelopment of Bristol Harbourside include new developments for the arts, presenting the city as a cultural hub. The development of a cultural hub creates inspirations for the younger generation as well as bringing more families to the Harbourside area. With the increase in jobs brings an increase to individual’s quality of life and lifestyle within the city. In addition with the growing amount of restaurants and bars in the Harbourside area this brings socialisation for business employees after work. The redevelopment of Bristol Harbourside creates a safer environment due a busier Harbourside at night as well as during day. To accommodate the greater volume of people at night as a result of the improved nightlife it is likely that surveillance will create a safer environment. Additionally the increased housing infrastructure of the area creates homes not only for the private sector but also the public sector, creating much needed housing for the community.
In conclusion Bristol’s Harbourside redevelopment projects all in all have been successfully followed through and created a new urban cultured environment for Bristol’s community. Today Bristol’s Harbourside area is regarded as one of the best Harbourside redevelopments in the UK. There are continuing projects to invest in the future of the harbour to facilitate new larger shipping vessels; ensuring Bristol’s Port ranking in the global shipping community is guaranteed. Bristol’s Harbourside now has a new lease of life.

Bristol Floating Harbour. (2009). Why Was The Floating Harbour Built?. Available: (Last accessed 29th Jan 2016)
Bristol Floating Harbour. (2009). Brief History of Bristol as a Port. Available:
(Last accessed 29th Jan 2016)

The Bristol Post. (2014). Bristol's Harbourside transformation from desolation to des res. Available: (Last accessed 29th Jan 2016)

The Bristol Port Company. (2016). Our History. Available: (Last accessed 29th Jan 2016.)
Visit Bristol. (2015). Harbourside. Available: (Last accessed 29th Jan 2016.)
S-Cool The Revision Website. (2015). Case Study Bristol. Available: (Last accessed 29th Jan 2016.)
SS Great Britain. (2012). The Dry Dock. Available: (Last accessed 29th Jan 2016.)

The Bristol Post. (2012). Lifetime Achievement Award John Pontin. Available: (Last accessed 29th Jan 2016.)
Taylor, B. (2007). John Graham Pontin OBE. Available: (Last accessed 29th Jan 2016.)
Mathias, V (2013). Bristol set to make strides in transport improvements over next four years. Available: (Last accessed 29th Jan 2016.)
BBC News. (2004). Harbourside regeneration to begin. Available: (Last accessed 29th Jan 2016.)
This is Bristol. (2010). Revised plans for Bristol harbour 'massive and characterless'. Available: (Last accessed 29th Jan 2016.)

Similar Documents

Free Essay

Jobs in Bristol

...Three ways to find suitable jobs in Bristol It is not difficult to acquire desired jobs in Bristol as the City council is keen in meeting the needs of the people in the city in a very responsive manner. The cabinet in the city takes care of the key issues which create chaos in the city. The cabinet has seven councilors and they are responsible for showing a leadership, which is accountable in all aspects. They develop as well as improve the policies, get them approved by the council and later see that the services are reaching the community properly. The council has a keen interest in employing the people who are trained and are motivated well. Therefore, searching for jobs in Bristol is easily achievable in the city. There are reports saying that Bristol city is rated consistently as one of the best cities to work in. The Bristol city council of United Kingdom has its own government site, which talks about the various job opportunities in Bristol. The website of the Bristol city council explains the manner in which the people can live and work with so much ease and satisfaction in the Bristol. The people working at Bristol can visit the other places of United Kingdom and Europe very easily. Bristol is nearer to the London city. Lot of information related to various areas including the jobs in Bristol is provided at the website of the council known as There are several other job portal sites available in the internet that provides......

Words: 335 - Pages: 2

Free Essay

How Fish Cope in a World of Feast and Famine

...“How Fish Cope in a World of Feast and Famine” Samantha Erickson I attended a seminar on “How Fish Cope in a World of Feast and Famine,” given by Dr. Johnny Armstrong. Dr. Armstrong received his doctorate in Ecology from the University of Wyoming with a emphasis in physiological ecology, specifically the adaptation and survival of fish. The study he explained in his seminar was completed in the Bristol Bay region of Alaska and studied Sockeye salmon. He talked about how he studied how the Sockeye ate in patterns where there were no food supply verses times where food supply was abundant. The object of his experiment was to watch the behavior patterns of the feeding of the fish at those different times and how the sockeye dealt with famine and with an overflow of food source. He set up areas in the middle of the streams where he could catch the fish at different times of feeding, or lack there of, and examine the contents of their stomachs. He found that in times where food was abundant, the Sockeye would stuff themselves to absolute breaking point with laid eggs. Then they would keep the eggs in their system by hardly swimming. Doing this they were actually able to not eat for three days in a row before having to eat again. In times where there was very little food, the fish would again use this method of hardly swimming, more just floating up stream to the warmer waters during the day, and travel downstream to cooler waters at night to scrape the bottom of the stream......

Words: 643 - Pages: 3

Free Essay


...And that’s why I’m never going to another zoo. Outside the Bristol Zoo, in England, there is a parking lot for 150 cars and 8 coaches, or buses. It was manned by a very pleasant attendant with a ticket machine charging cars 1 pound (about $1.40) and coaches 5 (about $7). This parking attendant worked there solid for all of 25 years. Then, one day, he just didn't turn up for work. "Oh well", said Bristol Zoo Management, "we'd better phone up the City Council and get them to send a new parking attendant..." "Er... no", said the Council, "that parking lot is your responsibility." "Er... no", said Bristol Zoo management, "the attendant was employed by the City Council, wasn't he?" "Er... NO!" insisted the Council. Sitting in his villa somewhere on the coast of Spain, is some bloke who had been taking the parking lot fees, estimated at 400 pounds (about $560) per day at Bristol Zoo for the last 25 years. Assuming 7 days a week, this amounts to just over 3.6 million pounds ($7 million). My granddad would always tell me funny stories like that before we would go to the zoo. We would only ever go to the same zoo because my granddad liked this one lady monkey that was there. Couple years after my granddad had died from aids I found out how he got the aids he shagged that lady chimp when he was drunk and that’s why I’m never going to the zoo again. I once went to a zoo but jihadi john was there and I got shot up and died and that’s why I’m never going to the zoo again......

Words: 285 - Pages: 2

Free Essay

Bristol Bay, Alaska - "Salmon or Gold"

...Bristol Bay, Alaska "Salmon or Gold" Can you imagine living in a geographical area in which traditions, language, rituals, and economic sustainability hasn't changed in over 1,000 years? A place inhabited by indigenous people that have lived in harmony with nature only taking what is needed to sustain their lifestyles and having the innate wisdom to keep this resource in balance to ensure continued prosperity? Did you realize that there are still people living in areas here on earth that live without the modern day conveniences such as fast food, malls, and outlet stores? People that rely on bartering and exporting their resource to trade for clothes, shoes, and other items to sustain their way of living and to ensure that their traditions and way of life will continue for generations to follow? As the world becomes smaller, even people that have remained unchanged for thousands of years are being forced to deal with changes that will alter their future and their traditions because of living near valuable resources that are in high demand in our modern day world. And, like so many indigenous people from history, they are desperately praying, advocating, and becoming very political with their fight so that their way of life can continue without disruption to their ecosystems. Native to the area of Bristol Bay, Alaska for thousands of years, the Yupik people have depended on salmon, along with pike, whitefish, beavers, caribou, moose, berries, and plants. Bristol Bay......

Words: 1107 - Pages: 5

Free Essay

Bristol Royal Infirmary

...Sir Ian Kennedy published his report, 'The Inquiry into the Management of Care of Children Receiving Complex Heart Surgery at the Bristol Royal Infirmary'.1 This inquiry investigated the deaths of children undergoing heart surgery at Bristol Royal Infirmary. The report describes the failings in NHS organisation and culture, which meant that one-third of all children who underwent open-heart surgery at the hospital received less than adequate care. The following case study, written in first person, is told by Dr Phil Hammond,2 who joined the Bath GP training scheme in the late 1980s and in 1990 formed the whistleblowing3 comedy double-act 'Struck off and die' with Dr Tony Gardner. Heard it on the grapevine Although I'd heard rumours about the poor performance of an adult heart surgeon (nicknamed 'Killer') in Bristol when I was a house officer in Bath, there were no such rumours about paediatric heart surgery. When I spoke to one of my former consultants in November 1998, he said they had never heard anything bad about the Bristol unit until 1995, when the mainstream media finally caught up with Private Eye. However, he did say that when he worked at the Hammersmith Hospital in London in 1985, he noticed an abnormal referral pattern coming out of South Wales. Babies with more complex heart defects requiring surgery appeared to be bypassing the Bristol area. This was corroborated by an anaesthetist who worked on the paediatric cardiac surgery unit at Guy's Hospital in the late......

Words: 420 - Pages: 2

Premium Essay


...6. A. Two companies that have committed fraud by misstating inventory are Bristol-Myers Squibb Company, who concealed excess inventory held by wholesalers, and Leslie Fay Women’s Apparel whose controller increased orders by counting items shipped but did not subtract returns B. Intentional misstatements of inventory are difficult to detect primarily because accounting for inventory itself is difficult. It is nearly impossible to take stock of every inventory item a company has while doing an audit report. You need to sample portions of inventory and records and rely on what you find in those samples to determine accuracy of the remaining records. Phar-Mor was able to fool their accountants, Coopers and Lybrand, for several years about their inventory because they lacked integrity. The company’s MIS was inadequate and when asked about bettering it, senior officials shot the idea down because they wanted the fraud to go undetected. The internal controls were poor and Phar-Mor employees were able to bypass areas that should have had controls on them. The management and internal audit functions were not performing to the best of their ability. Michael Monus, the head of the fraud scheme and the company, was a member of the audit committee and was able to destroy the committee when he found out they may investigate certain abnormal behavior. Phar-Mor’s upper management was involved in the scheme and was able to convince the auditors that certain aspects where true and the......

Words: 873 - Pages: 4

Free Essay

Th Truemilk

...2009 Vietnam Drinking Milk Products Vietnam Dairy Products JSC (Vinamilk) Royal FrieslandCampina NV Nestlé SA Quang Ngai Sugar JSC Uni-President Enterprises Corp Tan Hiep Phat Group Mead Johnson Nutrition Co Fonterra Cooperative Group Ltd TH Food Chain JSC Associated British Foods Plc Hanoi Milk JSC Abbott Laboratories Inc Long Thanh Dairy Cooperative Moc Chau Dairy Cooperative Nutifood Nutrition Food JSC Casmilk JSC Agro Nutrition International JSC Saigon Beverages JSC (Tribeco) Fraser & Neave Ltd Bristol-Myers Squibb Co Daso Group Royal Friesland Foods NV Others 0.2 0.7 37.2 2010 2011 2012 2013 2014 42.9 43.7 43.0 43.7 44.1 22.9 22.4 22.8 22.3 21.4 21.1 6.6 2.4 5.7 2.3 5.3 2.7 5.2 4.4 5.3 4.6 5.4 4.9 - - - - 3.5 3.5 3.2 2.9 3.2 2.5 3.6 2.3 3.5 2.3 3.3 2.2 3.3 2.1 2.5 2.1 1.8 1.7 1.9 2.0 1.8 1.5 1.0 1.3 1.7 1.2 1.9 1.3 1.9 1.3 1.0 1.0 1.0 0.8 1.0 0.8 1.0 0.8 1.0 0.8 0.9 0.8 0.6 0.5 0.5 0.5 0.5 0.5 0.6 0.5 0.5 0.5 0.5 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 3.6 3.5 3.5 3.4 - - 1.5 - 1.0 - 0.0 - - - - - - - - - - 11.8 9.6 8.8 8.0 7.7 7.5 Others Total 11.8 9.6 8.8 8.0 7.7 7.5 100.0 100.0 100.0 100.0 100.0 100.0 Research Sources: 1.......

Words: 349 - Pages: 2

Premium Essay

Pfizer (Pfe) Financial Analysis

...Pfizer (PFE) Financial Analysis for 2012, 2013 and 2014: Ratio Analysis Abstract The following is a list of these ratios, in conjunction with associative details and background to itemize and explicate the overall financial enquiry: Earnings per Share (EPS), which will illustrate current, along with expected, product losses, unfavorable impact and any adverse change in a foreign exchange rate, along with adjustable income attributable to Pfizer and its shareholder's guidance. The next ratio considered would be Profit Margin Ratio, or Net Profit Margin, to characterize the settlement of adjusted income and weakened EPS guidance to reported net income. With the Return on Assets ratio, stakeholders can configure and acquire current, as well as anticipated dividends, all while maintaining sufficient capital to invest successively and increase global shareholder value – which for now, can maintain to support the annual dividend growth, in addition to the accompanied Gross Profit Rate. Together with this, a Return on Common Stockholders’ Equity can be taken into account with regards to commercial and business development opportunities – leading to a direct, shareholder-value enhancement through actual dividends and repurchases. On the other side of the spectrum, Pfizer’s Current and Cash Debt Coverage ratios clarify and expound upon the potential, yet significant, expected adverse events on revenues due to possible loss and expiration of intellectual property and licensing......

Words: 1814 - Pages: 8

Free Essay


...Chapter 9 Case Study: Why Can’t We Work Like a Real Team? Ernest Masiello founded Crystal Motors in 1952. At the time, this car dealership represented only two US made luxury vehicles. Crystal Motors also specializes in financing and credit issues. To create better workflow the company was divided into three divisions, which included: sales, service, and the office. As stated in the text, Crystal Motors has been profitable for ten consecutives years. The company makes 10 percent of its earnings from the obvious sales of vehicles, 5 percent from commissions and 85 percent from the service department. With great success Crystal Motors has been lacking in communication skills. Referring to the example in the text, the three different groups were all having miscommunication issues and were all going about it in the wrong way by blaming one another. Today, Crystal Motors has employed over 250 professionals and now with one of their goals, as “Crystal is a team, we all work as a team at all times.” 1. What do you recommend that leadership at Crystal Motors do to enhance teamwork in the service department? To improve the teamwork in the service department I believe they should have daily or weekly huddles to discuss any issues that may need to be addressed and define the team’s mission and tasks. 2. What different contributions might Ventura and Magellan make in enhancing teamwork in the service department? Taking from the example in the book the service department......

Words: 460 - Pages: 2

Premium Essay


...Marketing Management 2 – Final Exam The questions are specific and do not require long answers. We encourage you to use bullet points, tables, and graphs where appropriate. However, we will not read meaning into unclear, vague or incomplete answers. Make sure you explain clearly what you wish to say. Note that the different questions are worth a different number of points. Make sure you base your answer on facts in the case, rather than on any real-world knowledge you may have. If you must make an assumption about information you feel is missing, or about the meaning of a word or phrase that you are not sure about, note your assumption explicitly in your answer. A note of caution– while this case study may seem similar to the Zantac case, you should not assume that what was appropriate in that case is necessarily true here. Questions 1. What were the risks associated with the three specific actions (see p. 4) Warner-Lambert had taken during the development of Lipitor? Why did it take these actions? (10 points) 2. Do a SWOT (strength-weakness-opportunity-threat) analysis of Lipitor and Warner-Lambert (prior to the partnership with Pfizer). Also indicate what you think are the main challenges Lipitor’s marketing strategy should address (List no more than 3 challenges). (25 points) 3. Why did Warner-Lambert/Pfizer team up with the American Heart Association for the pre-launch advertising campaign even though it could not promote its brand......

Words: 365 - Pages: 2

Free Essay

Zimmer Holdings

...Alex Sawyer Case review Zimmer Holdings This case article is about a company called Zimmer Holdings, an orthopedic devices firm located in northern Indiana. The article starts off in 2003 and takes place in Singapore where the CEO Ray Elliott, and executive vice president Sam Leno receive news that Smith & Nephew plc, as acquired a Swiss firm Centerpulse. This came to a shock to Zimmer Holdings because they had offered to buy Centerpulse in 2002 but the offer had been declined. There is a Swiss law stating that any company takeover could be countered if a bid is placed within 40 days of the announcement of the takeover. Elliott and Leno have the option of placing a bid on the company they once tried to acquire yet were declined. The orthopedics industry is aimed at helping victims of any type of bone and joint disease or disorder. They reconstruct the bone or joint by inserting a prosthetic to replace the surface. Knee, hip, shoulder, spine and trauma treatments have allowed the orthopedics industry to be profitable and have shown a rise in the past few years. The dental prosthetics are also on the rise creating a niche segment within the industry. Within the past decade there has been a rise in surgical procedures performed in the United States. Osteoarthritis affects nearly 190 million people in the U.S. which is can affect joints and in some cases lead to surgery. We can see that the trend of holding an active lifestyle can lead to a demand......

Words: 930 - Pages: 4

Free Essay


... | | |    Bristol-Myers Squibb Charitable Giving is not connected to or conditioned upon the prescription, purchase or recommendation | |of any Bristol-Myers Squibb product or products by any person or entity. Please be advised that decisions regarding Charitable | |Giving are made by a Charitable Giving Committee. Any communication from any person other than an approved representative of the | |Charitable Giving Committee regarding a request or proposal for Charitable Giving, including, but not limited to, a commitment of| |funds, is not authorized or binding upon Bristol-Myers Squibb. | | | |Bristol-Myers Squibb will generally process requests in the order in which completed applications are received. To ensure prompt | |processing of your request, please make sure that all questions are completed and all supplementary materials are provided. | |Requests are generally processed within eight to twelve (8 - 12) weeks of receiving a completed application and all required | |supplementary materials. PLEASE BE AWARE, HOWEVER, THAT BRISTOL-MYERS SQUIBB DOES NOT COMMIT TO PROCESS ANY REQUEST WITHIN ANY | |SPECIFIC TIME PERIOD. To maximize our ability to......

Words: 832 - Pages: 4

Premium Essay

An Examination of the Fraudulent Factors Associated with Corporate Fraud

...99(SAS No. 99) to improve investor confidence and the auditing function’s ability to detect material frauds. The intent of this thesis was to look at the fraudulent factors associated with several recent corporate frauds and compare them to the standards set by SAS No. 99. Through the analysis conducted, this thesis looks at the relationships between pressures, opportunities, and rationalizations made during the act of fraud. Table of Contents ABSTRACT ii INTRODUCTION 1 Sarbanes – Oxley Act of 2002 (SOX) 1 Statement of Auditing Standards Number 99 (SAS No. 99) 4 Parts of the Fraud Triangle 5 Types of Fraud 11 INSTANCES OF FRAUD 13 Enron Corporation 13 Adelphia Communications Corporation 17 AOL Time Warner, Inc. 20 Bristol-Myers Squibb Company 25 Global Crossing Limited 27 K-Mart 30 Tyco International, Ltd. 34 WorldCom 37 HealthSouth Corporation 41 CONCLUSION 45 Appendix: SOX Titles and Sections List 48 Works Cited 52 INTRODUCTION Between the years 1998 and 2002, the United States suffered a time in which several large companies engaged in...

Words: 11749 - Pages: 47

Premium Essay

Case Analysis on Bristol Meyers Squibb 2011

...Bristol Meyers Squibb Company – 2011 Forest David A. Case Abstract Bristol Meyers Squibb (BMY) is a comprehensive strategic management case that includes the company’s year-end 2010 financial statements, organizational chart, competitor information and more. The case time setting is the year 2011. Sufficient internal and external data are provided to enable students to evaluate current strategies and recommend a three-year strategic plan for the company. Headquartered in New York, New York, BMY’s common stock is publicly traded under the ticker symbol BMY. Headquartered in New York City, Bristol-Myers Squibb is a huge pharmaceutical firm with such blockbuster cardiovascular drugs as Plavix and Avapro for hypertension. BMY also produces antipsychotic medication Abilify and HIV treatments Reyataz and Sustiva. BMY also has excellent products in immunoscience, metabolics, neuroscience, oncology, and virology. BMY has 12 manufacturing plants worldwide and conducts research and development in four countries, sells its products globally; the US accounts for two thirds of BMY’s sales. B. Vision Statement (proposed) To become the number one drug manufacturer in the world. C. Mission Statement (proposed) We at Bristol-Myers Squibb pride ourselves with providing high-quality and innovative medicines (2) for our customers (1). We globally (3) perform research to aid in the finding of cures for serious ailments. We use the most advanced equipment (4) and people to ensure......

Words: 1728 - Pages: 7

Free Essay

Leadership Transformation

...Drivers, start your engines! NASCAR is defined by speed, adrenaline, and heart pumping action as cars zoom around the track at speeds up to 220 miles per hour. It is apparent why over six million people tune in to these races across the country. Although most of the glory goes to the winning driver, the entire crew is what makes these victories possible. As an intern for a company that works for NASCAR I have seen many different leadership skills and techniques that are applied throughout the industry. As a company and industry it has been able to grow and develop using these skills. Transformational leadership is the motivation, morale, and performance of followers through a variety of techniques. The best way to achieve transformational leadership in NASCAR is teamwork. Teamwork is essential in a business with so many varying elements; a driver needs a pit crew, vehicle engineers, a crew chief, and many other behind-the-scenes team members. But it takes much more than just the crew members for a racing team to be successful. The key to high performance in this industry is finding a racing team that has positive norms, cohesion, and innovation. One way to develop a high performance team is to look at the business as an open system. This means that the entire industry of NASCAR can only sustain itself by interacting with its environments and each team should view itself this way as well. NASCAR crews must be aware that their environment is constantly affecting the...

Words: 1230 - Pages: 5