...Lenovo is the number one PC maker in Chinese PC industry which gained 35.8 percent of market share in 2007. In recent year, it started to operate businesses out of greater China such as Asia Pacific, Americas, Europe, Middle East and Africa. Lenovo’s current pillar strategy is that strive to grow faster and more profitably than the industry by delivering best-engineered PCs and unequaled ownership experience in the global PC market. Since the Lenovo decided to go international, the Europe becomes as part of battle for Lenovo to explore. In this paper, the market of Lenovo in Europe will be focused on the UK. The growth of in UK was achieved through improve sales to large firms and growth in the mid-market segment through a strengthening of the Group’s sales resources. Europe is a key strategic market and battleground for Lenovo. 1. Introduction Lenovo was set up in 1984 as a reseller in China and Hong Kong for the members of the Chinese Academy of Sciences like IBM and Hewlett-Packard. By 1989, now known as Hong Kong Legend has branded out into motherboard manufacturer and it has changed its name to Lenovo and launched itself on the Hong Kong Stock Exchange in 1994 (Malone, [n.d]) . Since 1996, it beat the foreign giants to be the best-selling PC brand and outsell many foreign brands (not just PCs) in the Chinese market. Since Lenovo decided to go abroad and diversify its products and try to produce high tech products, the market share in China were approximately 30 percent...
Words: 6469 - Pages: 26
...Lenovo Over Company [online] Available from: http://www.lenovo.com/lenovo/us/en/our_company.html [Accessed : 19th April 2015] Gartner (2015) Gartner Says Worldwide PC Shipments Grew 1 Percent in Fourth Quarter of 2014 [online] Available from: http://www.gartner.com/newsroom/id/2960125 [Accessed : 19th April 2015] Lenovo (2014) Lenovo Group Limited 2013/14 Annual Report [online] Available from: http://www.lenovo.com/ww/lenovo/pdf/report/E_099220140529a.pdf [Accessed : 19th April 2015] Lenovo (2014) Lenovo Statement on January 2014 Reorganization [online] Available from: http://news.lenovo.com/article_display.cfm?article_id=1763 [Accessed : 19th April 2015] Becker, J. ( 2000) The Chinese Oxford University Press Kirzner, I M. (2008) The Alert and Creative Entrepreneur: A Clarification [online]Available from: http://www.ifn.se/wfiles/wp/wp760.pdf [Accessed : 19th April 2015] Deakins, D & Freel, M. (2009) Entrepreneurship and small firms. 5thEd. Maidenhead: McGraw-Hill Higher Education Chao, L. (2012) As Rivals Outsource, Lenovo Keeps Production In-House [online]Available from: http://www.wsj.com/articles/SB10001424052702303302504577325522699291362 [Accessed : 19th April 2015] Klincewicz , K. & Ujwary-Gil, A. (2013) Perspectives on innovations management – environmental, social and public sector innovations [online]Available from: http://jemi.edu.pl/uploadedFiles/file/all-issues/vol10/issue2/JEMI_Vol10_Issue2_2014.pdf [Accessed : 19th April 2015] ...
Words: 339 - Pages: 2
...passengers per day on its fleet of 29 airplanes, 15 of which were company-owned Fokker F100s. With 1,200 employees, the company serviced 20 locations in Canada, a dozen in the Caribbean, and 10 in the United States. Jetsgo was a private company owned by Michel Leblanc. Leblanc had lived his life around airplanes. His father owned a flight school; he learnt to fly at 16. In his twenties he was an aircraft salesman; in 1978 he co-owned an eleven airplane forest-spraying business. From 1985 to 1990 he was a partner in Intair a regional airline in Quebec. In 1991, he and a new partner started Royal Aviation Inc., which he sold in 2001 for $84 million in stocks to Canada 3000. Although he was subsequently sued by Canada 3000 for providing inaccurate financial information, the case was never tried because Canada 3000 went into bankruptcy protection in November 2001. In June 2002 he launched Jetsgo. On Friday March 11,2005. Just before the busy Spring-break travel week, Jetsgo entered bankruptcy protection stranding thousands of passengers who could not return home and annoying those who could not leave on their spring-break holiday. Throughout its short life, Jetsgo was plagued with both financial and maintenance problems. Leblanc kept operating costs low by: • paying low wages; • making pilots pay for their own training; • leasing old aircraft; • minimizing space parts inventory by flying only two types of airplanes: the McDonald Douglas Md-83 and the Fokket...
Words: 1171 - Pages: 5
...Topic: Russell 2000 The Russell 2000 index measures the performance of the 2,000 smallest companies in the Russell 3000 index. To best understand what the Russell index is it is easiest to start off understanding what the Russell 3000 index is. It is the stock index consisting of the 3000 largest publicly listed U.S. companies, representing about 98% of the total capitalization of the entire U.S. stock market. This index is not quite as popular as the Dow Jones or the S&P 500 but still plays a large role in providing a snapshot of how well the U.S. economy is preforming by valuing demand interest in shares of the largest publically traded companies. It all started in Tacoma Washington 1984 when this firm started a group of index to measure U.S market segments and to better track the performance of investment managers. This index was further divided into smaller sub segments such as the Russell 1000, Russell 2000, and the Russell 3000. The top 3,000 stocks (those of the 3,000 largest companies) make up the broad-market Russell 3000 Index. The top 1,000 of those companies make up the large-cap Russell 1000 Index, and the bottom 2,000 (the smallest companies) make up the small-cap Russell 2000 Index. One question that does not usually get answered is what happens to the indices and how frequently they change. Russell changes its indices once each year in June, called "reconstitution". The reconstitution consists of going through the global list of investable stocks and...
Words: 710 - Pages: 3
...Employment Outlook and Salary Guide 2012/13 a tOOl fOr wOrkfOrcE planninG Singapore rEcrUitMEnt i OUtSOUrcinG i cOnSUltinG Contents 4 6 8 11 15 16 18 22 24 26 27 29 Executive Overview Introduction Accounting & Finance Banking & Finance Call Centre Engineering & Technical Healthcare & Life Sciences Human Resources Information Technology Office Support Procurement, Supply Chain & Logistics Sales, Marketing & Advertising kelly Services, inc. (naSDaQ: kElYa, kElYB) is a leader in providing workforce solutions. kelly® offers a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, contract and permanent basis. Serving clients around the globe, kelly provides employment to more than 550,000 employees annually. kelly has been at the forefront of the recruitment industry for over 60 years and has set the industry benchmark with innovative recruitment and retention strategies. we pride ourselves on delivering a high level of customer service and providing the right talent in accordance with our clients’ requirements. all our candidates undergo a stringent screening process to ensure they are the best possible fit for the job. for more than 30 years in Singapore, and with offices across the island, kelly has in-depth experience working with Singapore’s leading companies and delivering the best talent available. kellyservices.com.sg All rights reserved. No part of this book may be reproduced or transmitted...
Words: 11189 - Pages: 45
...Manos: The Hands of Fate On October 19th, 2013 I saw the film Manos: The Hands of Fate. This film is directed by Harold P. Warren. The film is about a family that gets lost while looking for their hotel. They come across a house where they meet Torgo, an older man who is the masters “helper”. Eventually the family tries to escape the cult that they have been brought in by, but they fail to do so. Then family becomes part of the cult. To me the purpose of this play was to show the audience that the “master” is always in charger whether he has people helping him or not. I can also see that this film is showing us that we should not trust people who we don't know. It was a very strange film therefore I was a little confused on exactly what the creative team was trying to accomplish. My personal reactions to the play were that this was the worst play that I have ever seen in my life. I say this because the film quality was just terrible. I don't go out and watch a lot of movies but when I do I expect the movie to be worth the money that I paid for it. There were times in this movie where you know it is exposed to be scary but I would just laugh due to the camera angles because it would make it not scary at all. The way that the movie started off by just driving for 10 minutes looking for the hotel was boring. It took the audience attention away because after about three minutes of driving you could hear the audience talking in the background not paying attention to the movie...
Words: 720 - Pages: 3
...Celester Reliford Week 5 Individual Assignment Chapter 20 Basic Finance Problem 1. A firm has 10,000 in assets entirely financed with equity. Firm B also has $10,000 in assets, but these assets are financed by $5,000 of debt (with a 10% rate of interest), and $5,000 of equity. Both firms sell 10,000 units of output at $2.50 per unit. The variable cost of production are $1, and fixed production cost are $12,000. Assume there is no income tax. What is the operating income (EBIT) for both firms? What are the earnings after interest? If sales increase 10% to 11,000 units, by what percentage will each firm’s earnings after interest increase? To answer the question, determine the earnings after taxes and compute the percentage increase in these earnings from the answers you derived from in part b? Why are the percentage changes different? ANSWERS: a. Sales = 10,000 x $2.50 = $25,000 less variable cost = 10,000 x $1 = $10,000 the less fixed cost 12000 = EBIT = $3,000 b. Firm A interest is zero; Earnings after interest is $3,000.00 Firm B IBIT is $3,000.00 less interest on debt $5,000 x 10% = 500 equals earnings after interest = $2,500. c. EBIT = 4,500 Firm A Interest = $0 Earnings after interest = $4,500 Percent increase = (4500-3000) / 3000 x 100% = 50% Firm B IBIT = $4,500 Less interest = $5000 x 10% = $500 = Earnings after interest = $4,000 percent increase = (4000 – 2500) / 2500 x 100% = 60% d. Firm B has lower earnings after...
Words: 266 - Pages: 2
...Task Brief 2 – Written Assignment Module Title: | International Business Finance | Assessment Title: | Written Assignment | Individual/Group: | Individual | Weighting: | 70% | Submission Date: | week 24 | Instructions To Students For Submission Of This Coursework Task Details: This task takes the form of an essay and constitutes 70% of overall assessment for the module. You are required to choose ONE of the following two topics: (i) Discuss and evaluate the advantages and disadvantages of the methods used in order to hedge against the exchange rate risk? (iii) Why is it so difficult to predict future exchange rates? Critically evaluate the main methods available for predicting the future direction of exchange rates and assess their effectiveness in providing forecasts of use to international companies. Particular instructions to students: The assignment is to be no longer than 3000 words and should contain critical analysis, relevant empirical evidence and examples. Purpose of the module:This modules aims: • To provide an understanding of the theories and empirical evidence related to foreign exchange markets, and the implications of these for international firms. • To generate an understanding of the methods available to international companies to finance international trade investment and the risk associated with investment operations. • To review the alternative sources of funding available to a company.• To provide...
Words: 850 - Pages: 4
...bags). * Stuart Trier – President * Aaron Anticic – Treasure * Mitcha Chiba – Director of Operations * Kismet focused on selling lower-priced tools to individuals and contractors throughout South-western Ontario. * Main source of revenue came from “mobile tool shows” * Kismet rented a venue within a city or small town, sending out flyers and local newspapers to sell products at 40% - 70% off opened 2-4 days in length. * Home Depot (Sales of $54B in 2001; with 27% of those sales from hardware and seasonal product lines) and Canadian Tire dominated the industry * Kismet partners were planning for next year’s operations and rapid expansion. * Chiba’s 1st annual salary: $38,000 + 10% bonus (EBIT) + company car $3000 * Administrative assistant annual salary: $26,000 * Trier and Anticic combined salary of $6000 per month + dividends equal to 20% * Kismet expected accounts receivable to increase from 0 – 10 days of sales hence wanting to increase of inventory from 29 – 40 days to mitigate frequency of stock outs. * This plus full time management of Trier and Chiba were expected to create $2M and $4M in sales for upcoming full year of operations. * New software system $20,000 – point of sale (POS) system * Inventory control system $10,000 * Office investments $5,000 * Storage cost - $3,500 per month * Fixtures $5,000 * London warehouse utilities $2,400 per year * Insurance bill increase by $2,000 annually * Both Trier...
Words: 364 - Pages: 2
...You recently graduated from college Click Link Below To Buy: http://hwaid.com/shop/you-recently-graduated-from-college/ You recently grauduated from college, and your job search led you to S&S Air. Because you felt the company's business was taking off you accepted a job offer. The first day on the job, while you are finishing your employment paperwork, Chris Guthrie who works in finance stops by to inform you about the company's 401k plan. A 401k plan is a retirement plan offered by many companies. Such plans are tax defferred savings vehicles, meaning that any deposits you make into the plan are deducted from your current pretax income, so no taxes are paid on the money. For example, assume your salary will be $50,000 per year, if you contribute $3000 to the 401k plan you will only pay tax on $47,000 in income. There are also no taxes paid on any capital gains or income while you are invested in the plan, but you do pay taxes when you withdraw money at retirement. As is fairly common, the company will match 5%. The 401k plan has several options, most are mutual funds. S&S Air uses Bledsoe Financial Services for its 401k administrator. Here are the investment options: Company Stock - one option in the 401k plan is stock in the S&S Air. Currently privately held, planning on going public in 4 or 5 years. Until then stock set price is made by board of directors. Bledsoe S&P 500 Index Fund - Mutual fund tracks the S&P 500. Stocks are weighted...
Words: 590 - Pages: 3
...You recently graduated from college Click Link Below To Buy: http://hwaid.com/shop/you-recently-graduated-from-college/ You recently grauduated from college, and your job search led you to S&S Air. Because you felt the company's business was taking off you accepted a job offer. The first day on the job, while you are finishing your employment paperwork, Chris Guthrie who works in finance stops by to inform you about the company's 401k plan. A 401k plan is a retirement plan offered by many companies. Such plans are tax defferred savings vehicles, meaning that any deposits you make into the plan are deducted from your current pretax income, so no taxes are paid on the money. For example, assume your salary will be $50,000 per year, if you contribute $3000 to the 401k plan you will only pay tax on $47,000 in income. There are also no taxes paid on any capital gains or income while you are invested in the plan, but you do pay taxes when you withdraw money at retirement. As is fairly common, the company will match 5%. The 401k plan has several options, most are mutual funds. S&S Air uses Bledsoe Financial Services for its 401k administrator. Here are the investment options: Company Stock - one option in the 401k plan is stock in the S&S Air. Currently privately held, planning on going public in 4 or 5 years. Until then stock set price is made by board of directors. Bledsoe S&P 500 Index Fund - Mutual fund tracks the S&P 500. Stocks are weighted...
Words: 590 - Pages: 3
...YEAR 2 ------------------------------------------------- INDIVIDUAL ASSIGNMENT (Question) ------------------------------------------------- Learning outcomes: 1. Identify and evaluate the corporate goals of an organization especially in the context of financial management. 2. Describe and critically reflect upon the key issues involved in the effective management of organizations finances. 3. Apply theoretical concepts and frameworks to a range of practical situations in order to propose solutions to business problems. This assignment consists of THREE (3) parts. The purpose of this assignment is to help the students to understand how an organization demonstrates key areas of financial management in practice. The students will also learn to identify the corporate goals that are important to an organization and therefore, be the main objective of financial managers. Besides, students will also be familiarizing with the financial market especially capital market. Students will have a better understanding on importance of efficient market hypothesis to financial management and ability to explain the difference between the various forms of market efficiency. Lastly, students will identify and distinguish the differences between security valuation and capital budgeting together with the importance of capital budgeting to an organization. Project Outline: Part 1 * Each student is required to choose 2 listed companies that operate in different sectors...
Words: 673 - Pages: 3
...The Hanlons discovered that the process of searching for a home can be confusing and daunting all at once. They have many housing options to choose from and a plethora of financing options, so which direction will work best for them? Should they continue renting their current apartment or take the leap that many of their friends have and purchase a house? Let’s look at the process the Hanlons may have experienced in their search to find their ‘American Dream’: The Search Process Since the Hanlons were a newly married couple with many peers in their same scenario, buying a house seemed the reasonable next step before starting a family. This scenario illustrates that one of the largest factors when searching for a home is both psychological and emotional. As stated in the case, Mrs. Hanlon was more trigger happy and determined, while her husband was more willing to be patient and look at all of their possible options. Given that their current location was exceptionally close to both their workplaces and shops, as well as had top-notch accommodations, their biggest reason for wanting to buy a home came from outside influence, namely friends who had recently purchased homes. Mrs. Hanlon began this process the way most people go about it- an online search. There were so many housing options that, despite the wealth of online resources, a direction can be easy to find or seem impossible. Information from friends was another resource that the Hanlons utilized in order to help guide...
Words: 2013 - Pages: 9
...Corporate Finance-‐ II -‐ P r a t e e k T a y a l # 2 0 1 1 1 4 1 C o r p o r a t e F i n a n c e -‐ I I P a g e | 1 C ase I: A merican Home Products Corporation Solutions to various questions are given below: A ns. 1: At Present, American Home Products Corp. seems to have no business risk but may face a certain risk in the long run. As per the ratios, it should not worry about business risk as: Working capital is very healthy ($1472.8 million). Cash excess ($233 million) The high Return on Assets (ROA), high profit margin, low current-to-asset ratio and 49.71 collection days show that AHP can generate cash quickly, so it can maintain current high 14.1% in 1978 to 8.8% in 1981 (Exhibit 1) shows that it faces future risk of losing market shares in all its business lines if it does not foresee competition and A ns. 2: High ROE (30.3). High quick ratio (42.68). Low debt-to-equity ratio (0.09). Low debt-to-asset ratio (0.01) Degree of Financial Leverage EBIT Interest Preferred stock dividend DFL 30% Debt 922.2 52.7 0.4 1.062 50% Debt 922.2 87.8 0.4 1.106 70% Debt 922.2 122.9 0.4 1.155 t has: The above table shows that if AHP increases debt ratio, it will face a financial risk of increased debt-to-equity and debt-to-asset ratios resulting into solvency problems in long terms. AHP also face liquidity problems since the quick ratios decrease when the debt ratios increase...
Words: 1025 - Pages: 5
...retain a copy of the assessment item on its database for the purpose of future plagiarism checking).I certify that I have read and understood the Institute Rules in respect of Student Academic Misconduct. | | | | | | | Date | Student Signature | B. MARKER TO COMPLETE Comment : | Grade | | | | | | | | | | | | | | | Date | Marker’s Signature | | | IV’s Feedback | | | | | | | Date | IV’s Signature | Higher National Diploma in Business Management | Unit Title: Managing Financial Resources and Decisions | Assignment Title & Number:QCF-S1-A1-MFR | Learning Outcomes Covered:Outcome1: Understand the sources offinance available to a businessOutcome2:Understand the implications of finance as a resource within a businessOutcome3:Be able to make financial decisions based on financial informationOutcome4:Be able to evaluate the financial performance of a business | Assessment Criteria Covered: 1.1, 1.2, 1.3, 2.1, 2.2, 2.3, 2.4,...
Words: 2160 - Pages: 9
