...Chapter 1: Organizations and Organization Theory Current Challenges of Organizations Globalization Markets, technologies, and organizations are becoming increasingly interconnected Ethics and social responsibility The list of execs and major corporations involved in financial and ethical scandals continues to grow Speed of responsiveness Globalization and advancing technology has accelerated the pace at which organizations in all industries must roll out new products and services to stay competitive The digital workplace In today’s workplace, many employees perform much of their work on computers and may work in virtual teams, connected electronically to colleagues around the world Diversity By 2050, it is estimated that 85% of entrants into the workforce will be women and people of colour What Is an Organization? Organizations: social entities that are goal-directed, are designed as deliberately structured and coordinated activity system, and are linked to the external environment Types of Organizations Multinational corporations Small, family-owned shops For-profit versus non-profit organizations Organizations exist to do the following: 1. Bring together resources to achieve desired goals and outcomes 2. Produce goods and services efficiently 3. Facilitate innovation 4. Use modern manufacturing and information technologies 5. Adapt to influence a changing environment 6. Create value for owners, customers, and employees 7. Accommodate ongoing...
Words: 1385 - Pages: 6
...MAKERERE UNIVERSITY TOPIC: CREDIT MANAGEMENT SYSTEM TO PERFORMANCE IN PRIVATE ENTERPRISES CASE STUDY: PRIMEX SUPPLY 2004 LIMITED BY OJOBIRU PALMA OTOKIRA 07/U/14390/EXT SUPERVISED BY DR. KAMUKAMA NIXON A RESEARCH REPORT SUBMITTED TO MAKERERE UNIVERSITY IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE OF BACHELOR OF COMMERCE OF MAKERERE UNIVERSITY KAMPALA UGANDA JUNE 2011 DECLATION I OJOBIRU PALMA OTOKIRA declare that this work is my original work and has not been submitted or published to any institution or university for any award. STUDENT OJOBIRU PALMA OTOKIRA SIGNATURE ………………………………………. DATE ………………………………………… APPROVAL I certify that this research work has been submitted for examination under my approval SUPERVISOR DR. KAMUKAMA NIXION SIGNITURE ………………………………. DATE ………………………………. DEDICATION I dedicate this piece of work to my late father Mr. Ondoga Mark and my mother Mrs. Asumpta Obaru, my brothers James, Alfred, Daniel, David, my sisters Lucy, Clare, Christine, Barbra and Florence for their great support towards this research not forgetting great friends like Naume, Allen, Judith, Sarah, Charles, Justus and...
Words: 7542 - Pages: 31
...products into a new market (build on a strength) * Develop an incentive plan for research and development staff who are slow to innovate (correct a weakness) Objectives are needed for each key area the company deems important to success. From a company perspective, there are distinct types of objectives: Financial Objectives Financial objectives focus on achieving acceptable profitability in a company’s pursuit of its mission/vision, long-term health, and ultimate survival. Financial objectives signal commitment to such outcomes as good cash flow, creditworthiness, earnings growth, an acceptable return on investment, dividend growth, and stock price appreciation. (Thomas Strickland, p.7) The following are examples of financial objectives: * Growth in revenues * Growth in earnings * Wider profit margins * Bigger cash flows * Higher returns on invested capital * Attractive economic value added (EVA) performance * Attractive and sustainable increases in market value added (MVA) * A more diversified revenue base Strategic Market Objectives Strategic market objectives focuses on the company’s intent to sustain and improve the organization’s competitive strength and long-term market position through creating customer value. Strategic objectives focus on winning additional market share, overtaking key competitors on product quality or customer service or product innovation, achieving lower overall costs than rivals, boosting the company’s reputation...
Words: 689 - Pages: 3
...Crafting and Executing Strategy Take the Time and Time it Right Greetings Card Company Belvis Wright Strayer University Strategic Management-BUS 599 Dr. Gary B. Shelton July 15, 2012 Abstract What can a business professional implement that would help a company to be successful? In an effort for a company to be successful, business professionals should create and execute strategic planning models which outline specific results that are to be achieved and by establishing es a course of action for achieving them. In our current failing economy, business professionals are becoming more aware of the how challenges ing it is in to starting a business and remaining successful. While most would agree that failures are personally painful and could have been conceivably too often prevented, ??????? consensus dissolves around how to take action to the problem.?????? Some business owner’s may believe think that a successful business’ is based solely on luck; while other’s business owners believe may think that their success is based on the location. of their business. Although, both concepts could be attributed to success, in this report I provide a solution that could help business owners ????? transit ??? a business toward its success. In this paper, as a business professional for Take the Time and Time it Right Greetings Card Company, I argue in support of and focus on the importance of implementing a strategic plan for the success of this business. Several business...
Words: 1612 - Pages: 7
...A financial statement (or financial report) is a formal record of the financial activities of a business, person, or other entity . Relevant financial information is presented in a structured manner and in a form easy to understand. They typically include basic financial statements. • Income Statement: reports the results of operations for a specific period of time. • Retained Earnings Statement: reports the changes in retained earnings for a specific period of time • Balance Sheet: reports the company's financial position at a specific date. • Statement of Cash Flows: reports the case receipts and payments for a specific period of time. The objective of financial statements is to provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions. Financial statements should be understandable, relevant, reliable and comparable. Reported assets, liabilities, equity, income and expenses are directly related to an organization's financial position. Financial statements are intended to be understandable by readers who have a reasonable knowledge of business and economic activities and accounting and who are willing to study the information diligently The users of financial statements use financial statements for a large variety of business purposes and their ability to understand and analyze financial statements helps them to succeed in the business world....
Words: 1075 - Pages: 5
...Crafting and Executing Strategy Right Greetings Card Company Student name: Course: BUS599 Instructor name: Date: Abstract What can a business professional implement that would help a company to be successful? In an effort for a company to be successful, business professionals should create and execute strategic planning models which outline specific results that are to be achieved and by establishing es a course of action for achieving them. In our current failing economy, business professionals are becoming more aware of the how challenging it is in to starting a business and remaining successful. While most would agree that failures are personally painful and could have been conceivably too often prevented, consensus dissolves around how to take action to the problem? Some businesses owners may believe think that a successful business’ is based solely on luck; while other’s business owners believe may think that their success is based on the location of their business. Although, both concepts could be attributed to success, in this report I provide a solution that could help business owners transit a business toward its success. In this paper, as a business professional for Right Greetings Card Company, I argue in support of and focus on the importance of implementing a strategic plan for the success of this business. Several business owners might disagree with my argument, because...
Words: 1634 - Pages: 7
...Supply Chain Management Name of Student Roll # University Submitted to: Topic: What are different options available to mitigate different risks in a global supply chain? Risks in global supply chain Risk * Exposure to chance of injury or loss * Hazard or dangerous chance * Chance of loss * Degree of probability of such a loss Global supply chains can increase efficiency, but they can also increase risk. For example the Japanese earthquake and tsunami, the floods in Thailand and the ash clouds caused by the Icelandic volcano—have demonstrated how far the consequences of such risks can extend. The Japanese earthquake, for example, severely affected global electronics production and led to extended business disruptions for the automotive industry. These are some of the risks that can affect the global supply chain: * Supply Risks. Impacts elements of inbound supply, implying that a supply chain is unable to meet the demand in terms of quantity and quality of parts and finished goods. The outcome is labeled as a supply disruption. * Demand Risks. Impacts elements...
Words: 1311 - Pages: 6
...problematic assumptions. • Diagramming techniques o Cause and effect diagrams o System or process flow charts o Influence diagrams – graphical representation of situations, showing the casual influences or relationships among variables and outcomes • SWOT analysis • Expert judgment – individuals who have experience with similar project in the not too distant past may use their judgment through interviews or risk facilitation workshops Risk Analysis Tools and Techniques for Qualitative Risk Analysis • Risk probability and impact assessment – investigating the likelihood that each specific risk will occur and the potential effect on a project objective such as schedule, cost, quality or performance (negative effects for threats and positive effects for opportunities), defining it in levels, through interview or meeting with relevant stakeholders and documenting the results. • Probability and impact matrix – rating risks for further quantitative analysis using a probability and impact matrix, rating rules should be specified by...
Words: 1890 - Pages: 8
...Administration Faculty Of Economic Studies Business Management And Corporate Finance Field of Study: Trade Management Case Study: Accounts Receivable Management Jan Budaev summer semester 2016 Introduction Receivables can be defined as a company's right to payment of an amount of money from the debtors, which clearly belong among the assets. The assets can be divided into current and long term by the expected maturity at the time of their creation. Receivables are often created from trading - for the delivery of our products, goods or services on the basis of the document, that is usually called invoice, which is issued among the traders. Receivables affect the financial performance of the company, because the creation of receivables generates revenue for the company. Therefore, it is very important to monitor the development of receivables in volume, structure and time. Unpaid receivables are also related to the costs of their recovery. Outstanding receivables adversely affect the liquidity of the company. All the risk factors could be eliminated with the proper tools and methods in the Accounts Receivable Management. The main objective is to outline the main purpose of Accounts Receivable Management, describing the phases of Receivables Management, determination of credit terms. and options for managing receivables. Phases and Practical Application 1. Determination...
Words: 1502 - Pages: 7
...investment and its ability to service the said funds if presented with the adequate funding from your bank. Our entity regards entry into the European market as high priority project due to the potential of the market to grow exponentially. Summary of issues • The entity shows a constant decline in profits for three consecutive periods from the beginning of the financial year 12 to the period through the financial year 14. This might be an indication to the chief financial officer that the entity’s profitability level is on the decline. Thus, the officer might be forced to reject the plea for the loan to avid default from the entity, as it might be unable to complete repayment of the loan from its residual funds after the deduction of operational costs. • In addition, there was a significant increase in general costs and administration expenses within the organization. This might be accrued from the increase in costs of doing business. However, from another perspective, administration costs might also be accrued from mismanagement of the organizational resources. Analysis of data and Errors Analyses of financial ratios in terms of loan repayment include: • Debt Ratio = Total Debt/Total Assets $750,000/$1,781,546 = 0.42 or 42/100 The entity has a very healthy debt ratio. This proves that the organization could be able to undertake more debts for other purposes. In addition, the entry into the new market would also...
Words: 2172 - Pages: 9
...Journal of Financial Economics 105 (2012) 607–621 Contents lists available at SciVerse ScienceDirect Journal of Financial Economics journal homepage: www.elsevier.com/locate/jfec Does it matter who pays for bond ratings? Historical evidence$ John (Xuefeng) Jiang a,n, Mary Harris Stanford b, Yuan Xie c a Eli Broad College of Business, Michigan State University, N252 Business Complex, East Lansing, MI 48824, USA M. J. Neeley School of Business, Texas Christian University, Fort Worth, TX 76129, USA c Fordham University, 441E Fordham Road, Bronx, NY 10458, USA b a r t i c l e i n f o Article history: Received 12 December 2010 Received in revised form 13 July 2011 Accepted 9 August 2011 Available online 7 April 2012 JEL classification: G18 G20 G28 Keywords: Credit ratings Investor pay Issuer pay Moody’s S&P abstract We test whether Standard and Poor’s (S&P) assigns higher bond ratings after it switches from investor-pay to issuer-pay fees in 1974. Using Moody’s rating for the same bond as a benchmark, we find that when S&P charges investors and Moody’s charges issuers, S&P’s ratings are lower than Moody’s. Once S&P adopts issuer-pay, its ratings increase and no longer differ from Moody’s. More importantly, S&P only assigns higher ratings for bonds that are subject to greater conflicts of interest, measured by higher expected rating fees or lower credit quality. These findings suggest that the issuer-pay model leads to higher ratings. & 2012 Elsevier B.V. All rights...
Words: 13947 - Pages: 56
...AMRITA BUSINESS SCHOOL, BENGALURU | MICROFINANCE INSTITUTIONS | MARKET RESEARCH PROJECT | | | Contents LIST OF TABLES 2 INTRODUCTION 2 WHY MICROFINANCE? 3 MICRO FINANCE SERVICE PROVIDERS 4 THE EMERGENCE OF PRIVATE MICROFINANCE INDUSTRY 4 MICRO FINANCE IS ALL AROUND US 5 LITRETURE REVIEW 6 SUMMARY OF Y. H. MALEGAM COMMITTEE REPORT 2011 14 Why Malegam Committee Report was Set up? 15 Key recommendation 16 PROFIT AND NON PROFIT ORGANIZATION 21 Differences between for-profit MFI’s and non-profit MFI’s 23 For Profit MFI 23 Non Profit MFI 24 METHODOLOGY 25 CAPITAL STRUCTURE AND ASSET ALLOCATION 25 DEPTH AND BREADTH OF OUTREACH 27 EFFICIENCY 28 PRODUCTIVITY 29 QUALITY OF THE PORTFOLIO 31 ANALYSIS OF NUMBER OF ACTIVE BORROWERS 33 PROFITABILITY AND SUSTAINABILITY 35 CONCLUSION 36 REFERENCES 36 LIST OF TABLES Table 1 Table of Comparision 12 Table 2 Comparison of Debt Equity Ratio 25 Table 3 Debt Equity Ratio 26 Table 4 Comparison of Depth and Breadth of MFIs for the year 2012 with 2010 27 Table 5 Comparison of Depth and Breadth of MFIs for the year 2011 with 2010 27 Table 6 Operating Expense / Loan Portfolio 28 Table 7 Industry Standard for Operating Expense / Loan Portfolio 29 Table 8 Productivity of MFI’s for the year 2010 29 Table 9 Productivity of MFI’s for the year 2011 30 Table 10 Industry standards for year 2010 30 Table 11 Quality of portfolio for the year 2010 31 Table...
Words: 9019 - Pages: 37
...performing company to realize the recent $15.2 million in 2014. Having a six operating divisions, Triton Corporation management have to craft decisions that will in the future ensure better performance. Organizations in the contemporary business environment have been faced with challenges pertaining to allocation of resources that are inevitably scarce. As a rationale, any business is in place to create value for the shareholders and also be in a position to comply with the going concern principle of sustainability. This company has therefore enlisted the services of an MBA intern like me to help in formulation of strategies that could steer forward the operations ensuring the past occurrences of a recession are not a repeat. The three major tasks ahead of me is to ensure proper planning of the manufacturing processes to make sure that little waste of resources is realized and secondly, come up with processes and activities that provide high value addition. The application of managerial accounting strategies in any environment are aimed at providing proper planning in all departments to ensure that decisions are well formulated and the organizational resources are utilized to the optimal. Besides, managerial accounting techniques will be sought by financial managers to in preparation of financial reports to enable safeguarding of institutional assets. The application of lean principles in the manufacturing activities of Triton Corporation will go a long way in trying to solve the...
Words: 4268 - Pages: 18
...An Investigation into the Marketing Strategies used by Commercial Banks in Managing Service Breakdown among SME Customers. Some Experiences in Kenya By Anyim Kevin Ouma and Dr Justus M Munyoki Paper for presentation during the 1st AIBUMA Conference to be held in Nairobi from 25th to 27th August 2010 in Nairobi, Kenya ABSTRACT This study sought to establish the strategies used by ccommercial banks in Kenya in Managing Service Breakdown among SME Customers. The study focused on five commercial banks namely Barclays, Kenya Commercial Bank, Standard Chartered, Equity and Fina bank which currently offer services to SME customers. A self-administered open and closed ended questionnaire was utilized in collecting primary data from the field. Data collected was analyzed using descriptive statistics. The study found that lack of clear communication with customers, long procedures; intrusive documentation and lack of flexibility are some of the causes resulting in service breakdown. It also established that the main strategies used by banks to deal with services breakdown include; designing services to fit the needs of customers; ensuring that services are always oh high quality without compromise; putting relevant systems in place; having competent employees in place; on time delivery of services and ensuring that services are driven by customers to increase acceptance and satisfaction. Key words: Services Break down, strategies Introduction This...
Words: 6113 - Pages: 25
...market price risk and weather risk. Banks lending to agricultural clients know that agricultural and rural revenues easily drop below break-even levels due to extreme weather events and price falls, which result in defaults and higher loan loss provisions, thereby making lending to agribusiness unprofitable. The second major constraint in agricultural lending, high transaction and supervisory costs, is due to the particular risk, nature, and characteristics of the rural sector. In all financial markets, there is a trade-of between minimizing loan default and supervisory costs, but the nature of agricultural lending, especially through microfinance institutions, makes transaction costs and supervision costs disproportionately high relative to its urban counterpart. The small size of seasonal agricultural credit results in high due diligence costs per loan. The large geographical spread of customers, coupled with poor transportation and communication infrastructure, increase supervisory costs for financial institutions and compliance costs for customers. In addition, banks in rural areas find it difficult to attract qualified and trained loan officers. High levels of risk and transaction and supervisory costs...
Words: 6593 - Pages: 27
