...ITESM Dirección Financiera Mariana Soto Giraldo A01324999 ------------------------------------------------- WARREN BUFFET Biography American business magnate, investor and philanthropist. The most successful investor in the world. Chairman, CEO and largest stakeholder of Berkshire Hathaway. He studied at Columbia University. Trained in investing by professor Benjamin Graham, who’s the coauthor of Security Analysis (Method of identifying undervalued stocks, P<Intrinsic Value). Graham | Buffet | Focus on the value of assets such as: cash, net working capital and physical assets. | + Also on valuable franchises that were unrecognized by the market. | Berkshire Hathaway American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. - 1965-1995 Compound Annual Growth Rate: 24% - May 24, 2005 Announcement of the acquisition of Pacific Corp (electric utility) by Mid American Energy Holdings Company (subsidiary). - 2004 Portfolio of businesses included: insurance, apparel, building products, finance and financial products, flight services, retail, grocery distribution and carpet and floor coverings. Buffet investment philosophy: 1) Economic reality not accounting reality Long-term prospects based on the quality of management and the firm’s capacity to create value. 2) The cost of the lost opportunity Analyzing and comparing an investment opportunity with the second alternative (the lost one). 3)...
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...NAME : MUHAMMAD AMMAR BIN MOHAMMAD YATIM STUDENT ID : 2012882218 ARTICLE TITLE : LEADING IN THE 21st CENTURY : AN INTERVIEW WITH CARLOS GHOSN Carlos Ghosn, born 9 March 1954 is a French-Lebanese-Brazilian businessman born in Porto Velho, Brazil, who is currently the Chairman and CEO of Paris-based Renault, holds the same positions at Japan-based Nissan, and is Chairman of Russian automobile manufacturer AvtoVAZ. Ghosn is also Chairman and CEO of the Renault-Nissan Alliance. He led one of the most dramatic turnarounds in the history of the modern corporation through his leadership to this automobile company. He managed to rescue Nissan motors from collapsed in 1999. In March 2011, once again he had rescued Nissan when earthquake and tsunami happen in Japan which disproportionately damaged Nissan. As mentioned by Carlos Ghosn, one of strategies is a leader should be ready to deal with crisis. A leader must be able to face every internal and external crisis that arises. The two kind of crises which first there are internal crises that arise because a company has not been managed well and the second one are external crises, such as the collapse of Lehman Brothers, the earthquake in Japan, and the flood in Thailand. Leaders need to be more prepared for external crises, where it is not the strategy of the company that is in question but it is the ability of leaders to figure out how to adapt that strategy. Leaders should have learning agility, which they adapt quickly to...
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...Schindler's List deal with horrible events during the Nazi rule. Despite a horrible nightmare for everyone, there was a light that gave people hope. Good people, like Oskar Schindler and John Rabe, gave hope and helped people who suffered under Nazi rule in Poland and Nanking. Body The Rape of Nanking The city of Nanking was affected by terrible activities during World War II. Chang (1997) wrote about horrible events in her book, which were also one of the reasons for her mental illness. General Matsui Iwane led the Japanese army and treated people badly. Through violence, abuse, and rape. Several people suffered and were affected, including men, women and children. The reasons were mainly due to military battles, lack of order, and discipline. But there were good actions from John Rabe....
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...Unit 8 Assignment After reading the unit eight Sandwich Blitz scenario, as well the Eight Steps Toward Integrity article by Stratford Sherman, I learned that there are new land-use laws that require all out buildings be a minimum of six feet from the property lines. Sandwich Blitz is in violation of this policy because their enclosure that keeps the trash dumpster is five feet away from the property line; however, the government inspector who was assigned to inspect the Sandwich Blitz has informed the unit manager of that location that he would be willing to overlook this if Sandwich Blitz would cater the department's holiday party for his job. The unit manager later communicated the proposal to Dalman. In the article Eight Steps Toward Integrity, Stratford states that there are, “a combination of factors, including increased reliance on rules, imprecise use of language, and a general coarsening of attitudes about ethics, has resulted in a significant and worrisome decline in the practice of integrity by individuals and organizations alike” (Sherman, 2003, p. 44). In this statement Stratford was explaining the different reasons why there is a decline in the practice of integrity by individuals as well as businesses. With that being said he gave us eight steps business and individuals alike should follow to ensure that integrity is maintained in a business or in an individual. Dalman and Lei started Sandwich Blitz because they wanted to make a difference by providing quality...
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...© Brian Tracy. All rights reserved. The contents, or parts thereof, may not be reproduced in any form for any purpose without the written permission of Brian Tracy. The Impact of Action The world seems to belong to those who reach out and grab it with both hands. It belongs to those who do something rather than just wish and hope and plan and pray, and intend to do something someday, when everything is just right. Successful people are not necessarily those who make the right decisions all the time. No one can do that, no matter how smart he is. But once successful people have made a decision, they begin moving toward their objectives stepby-step, and they begin to get feedback or signals to tell them where they’re off course and when course corrections are necessary. As they take action and move toward their goals, they continually get new information that enables them to adjust their plans in large and small ways. It’s important to understand that life is a series of approximations and course adjustments. Let me explain. When an airplane leaves Chicago for Los Angeles, it is off course 99 percent of the time. This is normal and natural and to be expected. The pilot makes continual course corrections, a little to the north, a little to the south. The pilot continually adjusts altitude and throttle. And sure enough, several hours later, the plane touches down at exactly the time predicted when it first became airborne upon leaving Chicago. The entire journey has been a process...
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...improves profitability, fosters business relations and employee productivity. The concept of business ethics has come to mean various things to various people, but generally it‘s coming to know what it right or wrong in the workplace and doing what‘s right - this is in regard to effects of products/ services and in relationships with stakeholders. Business ethics is concerned with the behavior of a businessman in doing a business. Unethical practices are creating problems to businessman and business units. The life and growth of a business unit depends upon the ethics practiced by a businessman. Business ethics are developed by the passage of time and custom. A custom differs from one business to another. If a custom is adopted and accepted by businessman and public, that custom will become an ethic. Business ethics is applicable to every type of business. The social responsibility of a business requires the observing of business ethics. A business man should not ignore the business ethics while assuming social responsibility. Business ethics means the behaviour of a businessman while conducting a business, by observing morality in his business activities. According to Wheeler Business Ethics is an art and science for maintaining harmonious relationship with society, its various groups and institutions as well as reorganizing the moral responsibility for the rightness and wrongness of business conduct. According to Rogene. A. Buchholz , ―Business ethics refers to right or...
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...perspective of 15-year-old Kambili, and is essentially about the disintegration of her family and her gradual understanding of religion. She was born in a Catholic home and brought up with strict discipline. Her father, Eugene, a man who projected himself to outsiders as an ideal Catholic man while subjected his family to various forms of psychological and physical harm, demanded perfection from both the school and at home. If perfection was not achieved by the children, beatings and punishment were inevitable. A key period that completely changed Kambili and Jaja’s life was the time their stay with Aunty Ifeoma, who encourages them to share their thoughts and speak their minds. Aunty Ifeoma’s household offers a marked contrast to what Kambili and Jaja are used to and in this nurturing environment, they become more open and more able to voice their own opinions. At the same time, their mother-Beatrice poisoned Eugene for unable coping with his continual violence. Kambili has become a woman of eighteen, more confident than before and fell in love with a young priest while Jaja took the blame for the crime. Obviously in the end, they all gained a better future. The trigger for this domestic tragedy was Papa’s false understanding of religion. Eugene is a wealthy and prestigious businessman as well as a very strict Catholic who dominates his family by imposing a harsh religious regime in the family home. He controls almost every aspect of his family’s life, including imposing a schedule...
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...Donald Trump. Before Donald Trump was president he was a very successful businessman. Donald Trump the real estate guru in New York was known for many famous structures the Trump Tower and for other famous buildings that have his signature name on them. He seems to be a very smart and intelligent leader and entrepreneur becomes the business. Things that have helped him where he is a very charismatic salesman and very focused on the job ahead. His success comes from all of his brands being valued at a high standard. He also does his research before taking on an endeavor. He is willing to try new things and learn as much any can towards those endeavors. He is also expanded out to the media market with his infamous TV show the apprentice teaching other people principles and tips towards becoming entrepreneurs. Some were successful...
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...to subordinating self interests in order to further the interests of the organization. The ability to motivate and inspire is what makes an exceptional leader. In H.W. Crocker’s, Robert E. Lee on Leadership, it is evident through General Robert E. Lee’s many leadership roles that he possessed the ability to motivate and inspire. Lee led as a businessman, as a warrior, and as an administrator. His actions in many circumstances throughout his life, exemplify some of the mainstream leadership theories of today. His style of leadership had a uniquely effective quality that is rarely observed. The lessons learned and qualities of leadership recognized from Lee’s experiences are beneficial for leaders of any organization today. Lee as a Businessman In the years before the War Between the States, Lee inherited the responsibility of running Arlington plantation, which was willed to his wife by her father. With the plantation, Lee inherited his father-in-law’s debts. Lee’s challenge was to run the plantation successfully enough to pay-off these debts and finance what his father-in-law had willed his granddaughters. Lee became a businessman. He started by defining his objectives, assessing his means, and surveying the difficulties. Lee systematically took on obstacles and cleared away the problems. He was not afraid of hard work. Crocker quoted the Mayor of Saint Louis recording Lee’s efforts: “Lee went in person with the hands every morning about...
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...just can't be shy and gotta be brave to open you mouth to talk to the customers.Confidence is essential,especially when you are facing with the Singaporean customers.They are really demanding and aren't afraid to complain whenever they find something unsatisfactory about the shop.It's not easy to satisfy these customers, but the hard work really pay off when the customers smile back and say thank you to you. I found that my self-confidence is getting growing up after I work as a sales assistant. I am the entrepreneurship and business student, self-confidence is very important to me for presentation, promote the product to my customers, communicate with my partner or group members and take business opportunity at the future. I become very discipline. In my first working day, supervisor told me the company and work rules to me.She also mentioned that any violation of the rules is not allowed and will be punished.One of the rule is must be come to workplace with punctual.With the system of punch card, I will keep myself to become a particularly punctual person....
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...Activity 1: Ford and Taylorism At the beginning of 20th century, Frederick Winslow Taylor give a concept of Taylorism, which lead to an important breakthrough s in business practice. Taylor’s idea gave the concept of advance methods of mass production and structural organization. At the same time, a prominent businessman Henry Ford started implementing the scientific management theories in his automobile industry. Ford named his car from alphabet A to S. His most famous car was model T, whose production was started in 1908. By implementing principles of scientific management, Ford Motor Company successfully manufactured over 15 million models of T series between 1908-1927. Ford’s effort decreased the cost of production, which ultimately lead to low prices of car in market. This was very first attempt to apply scientific methods in engineering processes and in management. Henry Ford based his assembly line in three simple principles. a. Planned, Organized and Continuous progression of services through the shop b. Delivery of work. c. Scrutiny of operations in to their basic parts. This was totally Henry’s effort that leads to innovation of entirely new discipline, industrial engineering and scientific management. According to Taylor, factory management task was the best way for worker to do the job, by providing them proper tools and trainings, and incentives on outstanding performances. Taylor divided the work in different segments and used stop watch with the workers...
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...sort of a web around himself. Through this web people may be able to see him but they will not be able to touch him. This web is created by him and, is added to by his cronies who wish to take advantage of him and his position. This situation of a politician being someone high and mighty exists everywhere in the world but the position in India achieves a higher rank than politicians of the world because he is also there to wind up the work for the people and start looking after his own interests as, he may lose the position any time and any day. The special characteristic of the Indian politician is that, though he is on the highest rung of the social order but, unlike other politicians of the world, he is also on the lowest rung of discipline and character. It is this feature of the Indian politician makes him a class apart from the politicians of the world. The Indian politician is a bundle of complexes, serving the society on paper and serving himself in all reality - he, being elected to serve the people he confines himself to serving himself and his posterity. It is this attitude of the class that makes it a hateful and unique class apart from all others. It is a fact known very...
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...Q 1: The big 5 personality factors are Emotional stability, Agreeableness, Extraversion, Conscientiousness and Openness. Let’s Analyze the Larry Ellison in details on each of these. Emotional Stability reflects the calmness, poise and stability in their interpersonal dealings. Larry does not score very high on Emotional stability. He does not hide his irritation at others. He is not resilient as he does not accommodate others of different view. Though, he is surely a confident person. He does have high degree of confidence in himself. He believes he can be success without others help though it may not be entirely true. No one person regardless of how smart he or she is can be success all alone. There should be lot of contribution from other people at all levels. He does not seem to realize or recognize this. He may have a lot of arrogance. He definitely is an effective leader. Starting a small company and turning into one of best companies on the planet takes great personality. He has knack for success and he has demonstrated it. All that reflects He is quite Emotionally Stable person. No man is perfect. He has some weakness as well. Agreeableness is the capability of getting along others. This is Larry’s biggest weakness. Really intelligent and capable people are often hard to get along with others as they have their own independent ideas and opinions about everything. They feel they are right always. Others may think of him rude. On Extraversion...
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...Ahmed Shaqo Business Economics GM545 Spring session A 2012 Adam.gmail.com Chapter-25 question 14 Why might protections trade barriers not save American jobs or benefit the economic? First of all I would like to defined what protection trade barriers means, it’s a measure that government or public authorities introduce to make imported goods or service less competitive than locally produce goods or service. The government has much way to apply trade barriers such as Tariffs, quotas, embargoes, license required, and regulations establishing health and safety. Protection trade barriers does not save American jobs or benefit the economic for a several reasons: 1- It would cause a limited choice of product and would therefore force customer to pay higher prices and accept inferior quality, for example Tariffs are taxes will increase the imported products’ price which has the same quality as goods produce by local suppliers that will cause the customer to pay more for product he could have it for cheap price. 2- Quotas is a legal limit on amount that can be imported, which may cause raise price on the foreign product, , for example if we import ten million technology product from china every year that mean we need this amount because is cheaper and has good quality’s. Government put a limitation for import technology product from china to five a million part a year, that will make this particular product cost more money, because the foreign country knows that...
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...COMPANY DATA BRIEF HISTORY/BACKGROUND OF THE COMPANY/COMPANY PROFILE It was a fairy tale story for the creative woman Florencia Guanzon-Coronel from a little girl wearing pretty dresses which made her look like a little princess began to attract attention by the fine wardrobe she wore, all made by her mother. Together with her husband, businessman Eduardo Coronel, had a genius idea to establish Cinderella Dresses Incorporated when the news Florencia’s talent rouse high demands. Cinderella, the country’s premium specialty store started with children’s clothes as its main line when it was established in 1948. Soon after, its marketing arm, Cinderella Marketing Corporation was also founded. As it pushed deeper into the fashion scene since its establishment, Cinderella has evolved to become one of the top clothing retailers in the Philippines with 251 stores and affiliate stores nationwide, presently offering not only children’s wear but men’s and ladies. Cinderella has proven itself as one of the best among merchants; being included in the hall of fame of outstanding Filipino traders by the Philippine retailers Association and the Department of Trade and Industry in 1998 and 1999. Cinderella remains to play a major role in the evolution of the Philippine’s fashion history as it continues not only to adapt but also set local fashion trends. INCLUSIVE DATES OF TRAINING The training was started on November 9, 2015 and ended on January 22, 2016. The training days were from...
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