...Industry & Competitor Analysis BUS 630 – Spring 2008 Instructor: Email: Office Hrs: Course page: Russell Coff (www.bus.emory.edu/rcoff/) Russ_Coff@bus.emory.edu by appointment www.bus.emory.edu/rcoff/Bus630.html Phone: (404) 727-0526 FAX: (404) 727-6313 Revised 1/22/08 Course Overview and Objectives This course delves deeper into some strategy topics that you may have only touched upon earlier related to how firms gain a competitive advantage over rivals. In addition, since ICA tends to integrate quantitative and qualitative analysis more than other courses, you will have the opportunity to apply knowledge and skills you've gained across the curriculum (e.g., from finance, ISOM, Marketing, O&M, and Strategy). Building Competitive Advantage The broad focus of the course is on building competitive advantage with special emphasis on how firms can gain access to new resources or capabilities that may grant a competitive edge. We explore strategic investments that are required to compete effectively in uncertain and turbulent environments. Managers often throw up their hands and argue that planning isn’t useful when the landscape is shifting rapidly. However, with the right set of tools, strategic management can have an even greater impact in this setting. We place special emphasis on competitive advantages that stem from valuable and hard-toimitate resources or capabilities. Accordingly, we will focus much of our energy on the question of how to build, acquire or ally to gain...
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...ACCT 4400 Dr. Robertson Case Set 2 Spring 2016 Case Set 2 covers issues related to risk assessment, planning, and substantive tests, and consists of the following cases: Case 2-1: Risk Assessment Case 2-2: Planning Phase Analytical Procedures Case 2-3: Substantive Tests and Documentation Case 2-1: Risk Assessment Today is April 8, 2016, and your firm is currently in negotiations to renew the contract to audit Smith Corp. for the 2015 fiscal year (Smith uses a 12/31 year-end). Smith manufactures electronic components and sells these products to manufacturers of cell phones, e-readers, and tablets. The Smith family founded the company, which originally manufactured components for radios, in the 1930s. The grandchildren of the founder had no interest in active management of the company, and it went public in the 1990s under different management. Your firm has audited Smith for ten years, and has always issued standard, unqualified opinions for both the financial statements and internal controls during this time. New federal regulations concerning the disposal of manufacturing byproducts will impact Smith’s manufacturing process this year by limiting Smith’s ability to sell these byproducts to other companies. Furthermore, the company will have to incur costs to implement new methods of waste disposal. In combination, these issues related to the new regulations are material. To keep up with the rapid advancement of technological developments in its industry, Smith has invested...
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...2. The Entity-Relationship Model 2. The Entity-Relationship Model This section’s goal: After completing this chapter, you should be able to explain the three phases of database design, Why are multiple phases useful? evaluate the significance of the Entity-Relationship Model (ER model) for DB design, enumerate the basic constructs of the ER model, develop ER diagrams (schemas in the ER model) for a given application, translate ER models into equivalent (as far as possible) relational models. Marc H. Scholl (DBIS, Uni KN) Information Management Winter 2007/08 48 2. The Entity-Relationship Model Introduction Database design (1) Overall goal of DBMS usage: Efficiently develop programs to support given real-world tasks. These programs need to store data persistently. To develop these programs, apply proven methods of software engineering—specialized to support data-intensive programs. Definition (Database Design) Database Design is the process of developing a database schema for a given application. DB design is a subtask of the overall software engineering effort. Marc H. Scholl (DBIS, Uni KN) Information Management Winter 2007/08 49 2. The Entity-Relationship Model Introduction Database design (2) The specification of programs and data is intertwined: The schema should contain the data needed by the programs. Programs are often easy to develop once the structure of the data to be manipulated has been specified. Data, however, is an independent...
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...Project Report on Derivatives | Introduction to Futures & Options 1.0INTRODUCTION In recent times the Derivative markets have gained importance in terms of their vital role in the economy. The purpose of this report to get an orientation to the derivatives and develop a basic understanding of what it is and how does it work. Derivatives are financial instruments, which derive their value from an underlying asset. The underlying asset can be bullion, index, share, bonds, currency, interest, etc. Derivatives are likely to grow even at a faster rate in near future. The emergence of the market for derivatives products, most notably futures and options, can be tracked back to the willingness of risk-averse economic agents to guard themselves against uncertainties arising out of fluctuations in asset prices. By their very nature, the financial markets are marked by a very high degree of volatility. Through the use of derivative products, it is possible to partially or fully transfer price risks by locking-in asset prices. As instruments of risk management, these generally do not influence the fluctuations in the underlying asset prices. However, by locking-in asset prices, derivative product minimizes the impact of fluctuations in asset prices on the profitability and cash flow situation of risk-averse investors. However, the use of F&O has grown into other segments like leveraged trading and arbitrage. 2.0 OBJECTIVES OF THE REPORT: ...
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...A Case Study on 02/11/08 02/11/08 Agenda ► About Disney ► Divisions of Disney ► A bit of History ► About the CASE ► SWOT Analysis ► Its Current Executive Management ► Recommended Organizational structures Model 1 Model 2 Model 3 02/11/08 About Disney ► ► ► ► The Walt Disney Company (most commonly known as Disney) (NYSE: DIS) is one of the largest media and entertainment corporations in the world. Founded on October 16, 1923 by brothers Walt and Roy Disney as a small animation studio Today it is one of the largest Hollywood studios and also owns eleven theme parks, two water parks and several television networks, including the American Broadcasting Company (ABC). Disney's corporate headquarters and primary production facilities are located at the Walt Disney Studios in Burbank, California, USA. The company is a component of the Dow Jones Industrial Average. It had revenues of $31.9 billion in 2005 02/11/08 Continued….. ► On June 12, 2006 Disney Mobile phone service is launched ► On January 23, Disney announces a deal to purchase Pixar Animation Studios in an all-stock transaction worth $7.4bn ► In July 2006, the Disney film Pirates of the Caribbean 2 is the highest grossing movie in opening weekend history at $135,000,000 USD ► Employees: 133,000 (2006) 02/11/08 Divisions of Disney 02/11/08 Divisions of Disney Media and Entertainment American Broadcasting Company Buena Vista Distribution Buena Vista...
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...2/08/2013 Lecture 2 – Intangible assets ACCY 902, Semester 2, 2013 A/Professor Indra Abeysekera University of Wollongong, Australia 1 A/Professor Indra Abeysekera Deegan Chapter 8 Relevant accounting standards : AASB 138 2 A/Professor Indra Abeysekera Learning objectives 1. Understand the classes of intangibles (internally-generated and purchased) and how to account for them Understand a special case of intangible – research and development, and how to account for them Understand a special case of intangible – goodwill, and how to account for them 2. 3. 3 A/Professor Indra Abeysekera 1 2/08/2013 Definition of intangible assets ………………………………………. Includes patents, goodwill, mastheads, brand names, copyrights, research and development, and trademarks The lack of physical substance does not preclude an item from being considered to be an asset Intangible assets, as a category, must be separately disclosed in the statement of financial position (balance sheet) 4 A/Professor Indra Abeysekera Identifiable vs unidentifiable intangibles Identifiable intangibles Unidentifiable intangibles Paragraph 63 5 A/Professor Indra Abeysekera Recognition of intangible assets ………….. Intangible assets other than goodwill are required to be separable if they are to be recognised as assets for statement of financial position (balance sheet) purposes ‘Separable’ refers to being able to rent, sell, exchange or distribute the specific future...
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...Session Plan: Managerial Economics Text Book: Pindyck, Rubinfield & Mehta, 7th Edition |Session Number|Topics Covered |Identified Cases |Readings |Source |Date | | |Fundamental Problems of An Economic System: Scarcity and Efficiency | | |1 & 2 |Introduction to Managerial Economics, Micro and Macro |1. Switzerland, Cuba and India: The Troika of Economic Problems in Three |Chapter-1 |CDC | | | |Economics |Economies |(Pindyck) | | | | |Production Possibility Frontier And Curves | | | |15-06-‘11 | | | | | | |17-06-‘11 | | |Partial And General Equilibrium | | | | ...
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...by all of the course information and policies listed below. Failure to do so could result in you failing this course or being withdrawn from this course by your instructor, School of Business Dean’s Office or by the Graduate Studies Department. The course syllabus provides a general plan for the course; deviations may be necessary. COURSE PREREQUISITE: All MBA Foundations classes must be completed or waived before enrollment in FIN 611. REQUIRED MATERIALS: 1. Textbook – Corporate Finance: The Core, by J. Berk and P. DeMarzo, published by Prentice Hall, ISBN (10‐digit) 0132153688. Available in loose leaf (3‐ring) format in the U Tampa bookstore. Textbook are also available as an e‐book from coursesmart: 1 Revised 08/21/2012 2. Cases and readings: available from www.study.net – available by 8/27/12 3. Additional files and readings will be distributed via Blackboard 4. Calculator - A financial calculator is required for this class. A Hewlett Packard 10B or a Texas Instruments BAII+ is ideal. Other brands/models may also suffice. Bring your calculator to class every day. Be sure you know how to use it. 5. Laptop computer – Many students find it useful to use their laptop computer during class. This is not required. Any student using a laptop during class is expected to stay fully focused on the subject at hand at all times – no e-mail, internet, etc....
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... 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Introduction Manufacturing Unit 1: Mumbai Manufacturing Unit 2: Chennai Manufacturing Unit 3: Mumbai Manufacturing Unit 4: Uttar Pradesh Manufacturing Unit 5 : Uttar Pradesh Manufacturing Unit 6: Uttar Pradesh Manufacturing Unit 7: Uttar Pradesh Manufacturing Unit 8: Uttar Pradesh Manufacturing Unit 9: Delhi Manufacturing Unit 10: Delhi Manufacturing Unit 11: Uttar Pradesh Manufacturing Unit 12: Delhi Manufacturing Unit 13: West Bengal Manufacturing Unit 14: West Bengal Manufacturing Unit 15: Karnataka Summary of Industry Requirements Study Team 1 2-10 11-13 14-16 17-18 19-20 21-24 24-27 28-30 31-32 33-34 35-38 39 40-41 42-43 44-45 46-48 49 Case Study Report Productivity and Competitiveness of Indian Toy Manufacturing Sector Diagnostic Case Studies Introduction This report contains diagnostic case studies of fifteen toy manufacturing units selected from seven different toy product categories. The study focuses on unit specific problems related to production, raw material availability, marketing, finance, productivity, export performance etc. These case studies also throw light on other aspects of the working of these units such as product range, market scenario, taxation structure etc. Though the manufacturing units produce a wide range of toy products, for the study purposes the units have been broadly grouped under seven major product categories. Number of manufacturing units taken up for detailed case study based...
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...Indian G-Sec Market: How the Term Structure Reacts to Monetary Polic Introduction Behavior of term structure is a major source of interest rate risk and influences the decision making process of the participants in money market and government securities (G-Sec) market regarding holding and trading. Monetary policy is a major determining factor of term structure. The first quarter of the current financial year found hikes in monetary policy rates in India to be followed by upward shifts in the domestic term structure, which adversely affected the G-Sec portfolios of the market participants. This paper wants to find out how term structure responds to monetary policy actions in India. Literature Review There are a number of studies in USA on how term structure responds to the expectations about the central bank’s monetary policy actions. Cook et al (1989) found that changes in the federal funds target rate (FFTR) in the 1970s caused large movements in short term interest rates, moderate movements in medium term rates, and small movements in long term rates. Kuttner (2001) estimated that the bond rate’s response to expected changes in monetary policy is negligible, while their response to unexpected changes is significant. Faust et al (2002), as reported by Goukasian et al (2006), using prices from federal funds futures contracts derived the unexpected component of Federal Reserve policy decisions and assessed their impact on the future trajectory of interest rates. 1 ...
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...“Shooting the Messenger?” The Impact of Short Sale Bans in Times of Crisis Ian Appel 1 and Caroline Fohlin 2 Original Version: 5/8/09 This Draft: 10/22/10 Abstract: We find that the bans on covered short sales, implemented in several countries during the financial crisis of 2008-09 improved market liquidity or at least had a neutral impact; a result we argue could be expected in theory, given a simple variation on the Diamond-Verrechia (1987) model. The result holds for daily data over an extended period as well as for intraday data over various time spans. In contrast to other recent studies, we use American Depository Receipts as the controls in a difference-in-difference analysis encompassing all banned non-U.S. shares with corresponding depository receipts listed in the United States. Furthermore, we find that bans on covered short sales generally succeeded in lowering volatility. Banning short selling is not good policy in normal times, but our findings indicate that such bans might prove useful in (temporarily) stemming liquidity loss during crises. 1 2 Department of Finance, The Wharton School, University of Pennsylvania. ianappel@wharton.upenn.edu. Department of Economics, Johns Hopkins University, Baltimore, Maryland. fohlin@jhu.edu. We thank without implicating Hülya Eraslan, Thomas Gehrig, and Jonathan Wright as well as participants at the FRIAS-Bundesbank workshop of March, 2010, for comments on a previous draft. Fohlin acknowledges financial support...
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...Impacts 08 Team Dr Beatriz García, Director Tamsin Cox, Interim Programme Manager Sonia McEwan, Programme Assistant Document Reference: Impacts 08 – Langen & Garcia (May 2009) Measuring Impacts of Cultural Events Measuring the Impacts of Large Scale Cultural Events: A Literature Review May 2009 Report by Floris Langen (University of Glasgow) and Beatriz Garcia (Impacts 08) Impacts 08 is a joint programme of the University of Liverpool and Liverpool John Moores University Commissioned by Liverpool City Council Impacts 08 – Langen & Garcia | Measuring Impacts of Cultural Events | May 2009 Table of Contents 1. Summary ........................................................................................................................................................ 3 2. Introduction: measuring the impacts of large scale cultural events ................................................................ 3 3. Major cultural festivals and events ................................................................................................................. 3 4. Cultural mega events ..................................................................................................................................... 5 5. European Capitals of Culture ......................................................................................................................... 7 6. Discussion .....................................................................................
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...Chapter 1 A Brief History of Risk and Return Concept Questions 1. For both risk and return, increasing order is b, c, a, d. On average, the higher the risk of an investment, the higher is its expected return. 2. Since the price didn’t change, the capital gains yield was zero. If the total return was four percent, then the dividend yield must be four percent. 3. It is impossible to lose more than –100 percent of your investment. Therefore, return distributions are cut off on the lower tail at –100 percent; if returns were truly normally distributed, you could lose much more. 4. To calculate an arithmetic return, you simply sum the returns and divide by the number of returns. As such, arithmetic returns do not account for the effects of compounding. Geometric returns do account for the effects of compounding and for changes in the base used for each year’s calculation of returns. As an investor, the more important return of an asset is the geometric return. 5. Blume’s formula uses the arithmetic and geometric returns along with the number of observations to approximate a holding period return. When predicting a holding period return, the arithmetic return will tend to be too high and the geometric return will tend to be too low. Blume’s formula adjusts these returns for different holding period expected returns. 6. T-bill rates were highest in the early eighties since inflation at the time was relatively high. As we discuss in our chapter on interest...
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...85-106.indd 85 19/01/10 4:08 PM 86 | sample essay Davis 1 Melissa Davis Professor Smith Humanities 205 16 May 2009 name and page number in top right corner What Limits to Freedom? Freedom of Expression and the Brooklyn Museum’s “Sensation” Exhibit For over a century public galleries in Western democracies have been forums not only for displaying works by “old Masters” but also for presenting art that is new, as well as ideas that are sometimes radical and controversial. In the United States that tradition has been under wide attack in the past generation. Various political and first line of all religious leaders have criticized exhibits of works of art that they claim paragraphs indented offend against notions of public decency, and have crusaded against providing public funding for the creation or display of such works. The largest such controversy of the past generation was sparked by the display of a painting entitled “The Holy Virgin Mary,” by the British text left justified and ragged right artist Chris Ofili at the Brooklyn Museum in 1999. Though the image appears inoffensive at a distance, the artist has affixed to the painting cutouts of body parts from magazines, and has incorporated clumps of elephant dung into the piece, both below the main body of the work as if supporting it and as part of the collage. The text double-spaced throughout 1 03f-BGtW-AmEd 85-106.indd 86 19/01/10 4:08 PM Sample Essay | 87 Davis 2 resulting uproar led both to a...
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...dog’s best friend Marketing Excellence 2 | About The Marketing Society About The Marketing Society INSPIRING BOLDER MARKETING LEADERSHIP The Marketing Society is a not-for-profit organisation owned by its members, with over 2500 senior marketers. Over the past 50 years it has emerged as one of the most influential drivers of marketing in the UK business community. The Society challenges its members to think differently and to be bolder marketing leaders by supporting the development of leading-edge thinking, and promoting the evidence of effective marketing. The Society does this through the Marketing Society Awards for Excellence; its publications Market Leader, Our Week and rich online Knowledge Zone; a national programme of world-class events; innovative professional development, such as the annual Marketing Leaders Programme; and extensive on-and-offline networking opportunities. www.marketing-society.org.uk Foreword | Marketing Excellence 2 | Foreword By Roisin Donnelly, President of The Marketing Society What is marketing excellence? Marketing excellence can drive breakthrough business results for the short and long term. Marketing excellence requires great strategic thinking, great creative thinking and perfect execution. But how do we assess marketing excellence? First we choose brilliant industry judges who are all experienced and successful practitioners of excellence and we ask them to pick out the cases which they see as remarkable. We ask them...
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