...Corporate planning of commercial bank: Planning is a pre requisite of every management function . the performance of all other functions like planning, organizing , staffing, directing & controlling is preceded by performance of planning function. So corporate planning is the primary function of any corporate management . it is combination of the activities in the management process which consist of formulation of the objectives & the action to be taken for their achievement. Corporate planning is a bridge between the present & future of the bank . it also provides the framework for decision making . According to koontz & weihrich : Corporate planning involves selecting mission & objectives & the action to achieve them ; it requires decision making ,that is choosing from the alternative future course of the action . Nature of the corporate planning : The essential nature of corporate planning can be high lighted by examining the four major aspects : 1) Its contribution to the purpose & objectives. 2) Its primacy among the manager tasks . 3) Its prevasiveness . 4) The efficiency of resulting plans . Every corporate plan must contribute to the achievements of bank objectives. Importance of corporate planning by commercial bank : 1) To face the challenge of market environment : The commercial bank have to function in changing market environment . there is change in technology , income levels, policies of domestic...
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...UNIVERSITY OF DHAKA DEPARTMENT OF ACCOUNTING & INFORMATION SYSTEMS ------------------------------------------------- ------------------------------------------------- Corporate Tax Planning ------------------------------------------------- Term Paper: Tax Incentives for Attracting FDI and Some Policy Recommendation University Of Dhaka Department of Accounting & Information Systems MBA Program Course title: Corporate Tax Planning A Term Paper on "Tax incentives for attracting FDI and some policy recommendation" Batch: 15th Section A MBA 1st Semester Date of Submission: 30th September, 2013. Letter of Transmittal September 30, 2013 To Mohammad Moniruzzaman ACA Assistant Professor Department of Accounting & Information Systems Faculty of Business Administration University of Dhaka Subject: Submission of term paper on “Tax incentives for attracting FDI and some policy recommendation” Honorable Teacher, It is our pleasure to submit this term paper featuring “Tax incentives for attracting FDI and some policy recommendation”. As a part of our MBA program we tried our best to gather relevant information for preparing a complete term paper. Without your sincere co-operation and proper guideline, it would not possible for us to prepare the term paper. For this act of kindness, we are grateful to you. This overview is not fully free from mistake due to some limitations. We hope you will accept it with gracious consideration...
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...LEVELS OF CORPORATE PLANNING AND INNOVATION Name: Institution: Date: Executive Summary One student in an Executive MBA class based his response on introduction of a self scanner in checkout terminals in a British supermarket to an assignment that required them to link a significant innovation that an organisation had introduced with strategic change in the organisation. The student failed the assignment. This report will examine the reasons why the student failed by looking at the differences between strategic, tactical and operational planning. The report analyses what causes the strategic changes in an organisation and what qualifies as strategic change. The report also discusses innovation and the different levels of innovation. This report also discusses whether the student was right to classify self-scanner checkout terminals as a significant innovation that could be linked to strategic change in the organisation. Table of Contents Executive Summary 2 1 Introduction 4 1.1 Business Policy 4 1.2 Strategic Change 4 2 Strategic, Tactical and Operational Planning 5 2.1 Statement of the Objective 5 2.2 Differences between Strategic, Tactical and Operational Planning 5 3 Innovation 8 3.1 What is Innovation? 8 3.2 Impact of innovation on growth strategies 10 4 Conclusion 11 Introduction This report will identify reasons the student failed his assignment...
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...Corporate planning Corporate planning had its genesis in India sometimes in the sixties when a number of subsidiaries of multinational companies introduced the process in compliance with their parent companies' directives. Since then quite a few companies have introduced formal planning for a variety of reasons. Some introduced it because their top managements felt that it would help them long term objectives; some introduced it because of a fad, not wanting to be behind by others, and some others because were directed to do so. Many public sector enterprises adopted corporate planning because they were to do so by the Bureau of public Enterprises, the governmental body that regulates all public enterprises. Despite the facts that are now quite a few firms which have introduced corporate planning, such firms still constitute a small minority. On the academic side, research in India on strategic planning has not taken off. There are very few studies on corporate planning practices in India firms. Of late some leading Indian management education institutions have begun to offer short duration executives development programmes on corporate planning. A quick examination of the teaching materials used in these programmes clearly shows a predominance of materials originally developed in the United States. This is not surprising because strategic planning at the enterprise level had its genesis there. Strategic planning or corporate planning is a management process which...
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...Corporate Planning and SWOT Analysis Planning is important for that development of every company, because every company comes with an atmosphere that performs its procedures. The company atmosphere falls into two groups: the interior and also the exterior atmosphere. Internal factors are inside the charge of a business. However, exterior factors are individuals that the company cannot control. The exterior atmosphere works separate from the organization and therefore, a business cannot influence it. The exterior atmosphere includes political, environment, social, and technological factors. An intensive knowledge of these 4 elements helps the organization to higher position its items on the market. The PEST analysis is definitely an incredible tool in staying away from discontinuities inside a company’s proper focus. In addressing each factor, the managers be more effective placed to know how future developments might influence their competition. A business must arrange for its exterior atmosphere, to shape its proper orientation. Therefore, inside the competitive marketing arena, a business must plan its short-term and lengthy-term goals in line with the atmosphere that works. Several analytical frameworks guide companies to conduct their proper plans. One particular tool may be the SWOT analysis. SWOT analysis is definitely an analytical tool for gauging a company’s talents, weakness, possibilities in addition to risks on the market. Talents reflect their regions of...
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...week two the team reviewed planning as a management function. We learned about the various factors that influence strategic, tactical, operational, and contingency planning. Finally, the team learned about the effects that legal issues, ethics, and corporate social responsibility have on management planning. As a team we learned about the basic steps involved in the planning function of management. Planning improves innovation, speed, quality, and costs. Those are qualities that make a business successful. We learned that the planning phases are not only used by large organizations but also that planning has become a widespread management function. In order for smaller organizations to be competitive if not aggressive, planning is needed. In week two, we learned about the six basic steps used in the planning process: situational analysis, alternative goals and plans, goal and plan evaluation, goal and plan selection, implementation, and monitor and control. As a team, we found that many of us worked in businesses that have succeeded due in part to the planning phase of business. As these businesses continue to be competitive, changes need to be done using a plan. We understand that planning is applicable to our personal lives as well. Planning daily tasks, events, and agendas are done by all of us and future planning may be done more thoroughly because we have more in depth knowledge of how the basic steps work. Strategic planning is the process of making long...
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...Running heading: Implementing Corporate Computing According to our text “Meeting information requirement of management” is a key factor that makes Distributed Data Processing (DDP) possible. The information requirements of management require centralized organization and access of most company resources. Companies prefer to spend less but get more power and performance for their investment. Management requires newer application with short response times while increasing overall productivity. (Business Data Communications, Sixth Edition, 2009, p. 58). The corporation will have to decide whether they require a LAN, Local Area Network, if the corporation only needs their network to share resources within a building, (Local Area Network Technologies, 2012). The corporation may want to use MAN, Metropolitan Area Network, if they have multiple building that need to share a network. An example would be a college campus. (Metropolitan Area Network, 2012). The information requirement of management leads us to the three points of the initial roll out phase and network security. The points of initial roll out are plan, analyze, and implementation. (eWeek, 2004). The first point of initial roll out is plan. The planning process is a very critical part of the roll out process. During the planning point, this is where the developers have to take in consideration the growth and acceleration of the computer industry and how this growth effects the computing and information...
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...Management Planning Paper Samuel K. Mims MGT 330 Roxanne Bates July 26th, 2011 Management planning is the most important function of management because it is the foundation for the organization. The planning function of management is the management function of systematically making decisions about the goals and activities than an individual, a group, a work unit, or the overall organization will pursue. Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals. Planning activities for the company include analyzing current situations, anticipating the future, determining objectives, deciding in what types of activities the company will engage, choosing corporate and business strategies and determining the resources needed to achieve the organization’s goals (Bateman & Snell, 2008). When it comes to a huge corporation such as Boeing, the planning function becomes even more important because there are so many different divisions within the corporation that must be accounted for. In Boeing’s case, they are a multinational corporation that provides their services all throughout the world so they have to plan on a worldwide scale which is a much more difficult task than planning as a domestic company. Boeing’s planning functions are well thought out and executed to the fullest of their ability as they are very focused on their stakeholders needs, motivating their workforce, enabling teams, requiring alignment...
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...labeled MindManager 2016 (Appendix 1). The application has 3 portfolios that facilitate the ease in organization of business, these are mind mapping, flowcharting and concept mapping. (Menaouer, 2015) To facilitate the ease in utilization of these portfolios, the new application contains a provision for combining them in a faction called diagramming. This is where we have mapping and map mapping combined in the single package program. This creates additional merit of mixing content types within a single map. The new program is quite effective on some critical business issues. Some of the issues addressed are brainstorming on ideas that affect the business in terms of proposing solutions. Secondly it facilitates the planning process in the business organization. Planning is vital in that it drives the goal acquisition process in the firm. Thirdly, the process improvement in the firm is of essence since it is a sure way to keep relevant in the market front and then stay afloat of the competition. Finally decision making is improved tremendously by the new MindManager 2016 package. (Mindjet, 2016) We will analyze the basic features of First the package is able to present a framework that is more of a whiteboard that allows the user to align tasks and processes and prioritize them in a proficient manner. Secondly it allows for the inclusion of business and project tools. The package shifts ideas into...
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...Management Planning for Tyco MGT 330 Management Planning for Tyco Planning is one of the important actions management must consider when forming the foundation and goals of an organization. The company’s mission is set from the goals set by management. According to Tyco’s mission statement the company’s mission is to, “To be our customers’ first choice in every market we serve by exceeding commitments, providing new technology solutions, leveraging our diverse brands, driving operational excellence, and committing to the highest standards of business practices all of which will drive Tyco’s long-term growth, value and success" (Tyco. 2011 para 1) The best way for Tyco to obtain the goals for the company is for management to distinguish the superior between strategic planning, tactical planning, operational planning, and contingency planning that best serves the needs of the company. While keeping in mind the Influence of legal, ethical, and social responsibilities. Strategic planning or strategic goals is the making of choices concerning the organizations long and short-term goals. These goals can be the supporting element for one or more of the following company growth and profits, return on investments (ROI), market shares, productivity, quantity, quality, and customer satisfaction. Short and long-term goals can range from a week to years to complete. In 2007 Tyco faced adversity when “Kozlowski and Mark H. Swartz, the company's former chief financial officer...
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...and discussed the previous week’s objectives, which included the planning function of management, and the various factors that influence planning. Planning can be affected by legal issues, ethics and corporate social responsibility. A companys planning is also influenced by strategic, tactical, operational, and contingency planning. As a team we determined that learning about the steps of planning from the textbook’s learning objectives increased our knowledge through the learning activities and the instructor’s teachings. Since we are all in the process of pursuing our career, planning is an important step to ensure that we successfully accomplish our goals. The textbook defines planning as a conscious, systematic process of making decisions about goals and activities that an individual, group, work unit, or organization will pursue in the future (Bateman, 2011). Planning is an essential tool that can be used either in one’s personal life or a company. The planning function consist of identifying and diagnosing the problem, generating alternative solutions, evaluating alternatives, making a choice, implementing, and evaluation. This is a purposeful effort to accomplish ones goals. Planning provides individuals and work units with a clear map to follow in their future activities; at the same time this map may be flexible enough to allow for individual circumstances and changing conditions (Bateman, 2011). Planning is necessary step in our life whether it being about who’s going...
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...manufacturers in United States. However, the market characteristics in which the customers loyalti is low and entry barriers does too. One of the Vershire’s strategies is to have lean production system along with tight control over their plants,budgets, and performance to have process efficiency. There are several strengths and weaknesses in Vershire’s planning and control system. Strengths | Weaknessess | * The divisional managers are required to make 5 years-expenditures and two years-market forecast in order to be able to predict the future decisions and goals. * Between corporate controllers, divisional managers, and plant managers have good work-process relationship. The corporate controllers visit each plan to have input from plant managers. * Divisional managers are given full control over their divisiona excepts in the areas of raising capital and labor relations * The orgnizational structures are quite direct in decision making system. Starts from plant managers to division managers and then straight foward to corporate level. Even, corporate levels can go directly to plan managers. | * The sales forecast is made in corporate level using asumption. The divisional managers do not have any participation in making sales forecast. * The forecasting method for all divisions is similar. * The incentive measurement is not efficient since it is measured by profit target. * Less corporation between manufacturer managers and marketing managers. | It is clear that...
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...HUMAN RESOURCE PLANNING The nature of HR planning • Hard dimension – quantitative analysis of employment issues. Soft dimension – creating and shaping the culture – which looks at integrating corporate culture and; employee belief and behavior (Marchington and Wilkinson, 1996) The aims of HR planning Aim is basically to obtain and retain the people in terms of quantity and quality by: • Anticipating problems • Developing a well training and flexible workforce • Acquiring the capability to reduce the organizations dependence on external recruitment The stages of HR planning CORPORATE PLAN HR Plan Demand Supply Internal Auditing Forecasting Forecasting External Auditing Labour Surplus Or Labour Deficit Action Plan Evaluation Analysing utilization • Manpower inventory • Due to pressure of reducing cost, improving quality, measuring/analyzing & improving performance, innovative job design and reward system Forecasting demand • Involves reviewing and estimating HR requirements in terms of quantity and type of employees by referring to corporate plans, forecasting output requirements and projected productivity changes. • Staffing required both for short-term and long term operational...
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...2010, BP’s Transocean drilling rig Deep water Horizon sank in the Gulf of Mexico killing over 10 people and spewing more than 200 million gallons of oil into our ocean water. This historic and devastating spill is now labeled as worst in U.S. history due to its crippling economic factors throughout Texas, Louisiana, Mississippi, Alabama, and Florida. It has taken us a year to restore our relationships and our strong presence in the energy sector so we must have a plan in place to get us back on track. In the presentation I will be discussing BP’s planning function of management as it relates to the organization’s goals and strategies. I will then discuss the influence that legal issues, ethics, and corporate social responsibility have had on management planning at BP. Last, I will analyze the influence that legal issues, ethics, and corporate social responsibility have had on management planning at BP. Global demand for energy is expected to increase by 50% between now and 2030. Eighty-five percent of the energy to meet this demand is expected to come from fossil fuels (BP.com, 2012). In order for BP to recover and tap into this 50% increase, we must first plan and analyze our current situation. In this unique industry, anticipating the future has become even more important than before. We must first create a plan that will not only guide the recovery process but create a plan to set goals and determine our objectives for the future. After...
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...challenge somewhere within their careers. The following paper will discuss the different corporate strategies: growth, stability, and renewal. It will also discuss how each CEO used the planning function of management which are concentration, vertical integration, and diversification. The corporate strategy that was used by Neville Isdell is growth and the planning function used is diversification. This is due to the fact that he is seeking to branch out by selling non-carbonated beverages. Such as Coca-Cola Black, a coffee and buying all or part of vitamin water from Glasso. The corporate strategies used by Gary Kelly are growth and stability, and planning function of management is concentration. The reason for this is locking up the hedge fund contracts, and keeping cost down. Continuing to fly the same planes (737) so that parts and maintenance are easy is a great strategy. He also promotes treating customers like kings and queens, and employees even better! The corporate strategy used by Mackey McDonald is growth and the planning function is vertical integration and concentration. This is because of the focus on their lifestyle brands, such as Vans and Reef. They avoid getting involved in the high risk fashion brands & stayed with the commodity brands. Concentrate more on what the consumer would use every day. The corporate strategy used by Anne Mulcahy is renewal and the planning function is concentration. She took over when Xerox was on the brink of bankruptcy. She...
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