...Thornal Coachman Dr. Brent Financial Policy Flinder Valves and Controls Outline I. Statement of the Problem II. Alternative Solutions III. Analysis of Alternatives IV. Final Recommendations V. Appendix I. Statement of the Problem Bill Flinders’ FVC was an outgrowth of a small company organized in 1980 for engineering and developmental work on an experimental heat-exchanger product. In 1987, as soon as the product was bought to the commercial stage, Flinder Valves and Controls Inc. was organized to acquire the properties, both owned and leased, of the engineering corporation. FVC had come to RSE’s attention with the FVC’s disclosure of a U.S. government contract. RSE manufactured a broad range of products including advanced industrial components as well as chains, cables, nuts and bolts, castings and forgings, and other similar products. During the early part of 2008, a series of group meetings had taken place between Tom Eliot and Bill Flinder and their respective advisers. It seemed clear to both parties that both FVC and RSE could profit from the merger. Eliot had persuaded RSE’s board that the company should follow a policy of focused diversification, which would be achieved by an aggressive growth-by-acquisition program designed to create opportunities and entries into more dynamic markets than the ones RSE then served. FVC received various proposals from 1998 on, but none reached the stage of working out an agreement...
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...Alasan mengapa perusahaan melakukan ekspansi kedalam pasar dunia: 1. Untuk memasuki akses terhadap pelanggang-pelanggang baru, dengan alasan bahwa ekspansi ke dalam pasar dunia akan memberi potensi untuk meningkatkan pendapatan, laba dan pertumbuhan jangka panjang, dan dapat menjadi perusahaan domestik yang mapan. 2. Untuk mencapai biaya rendah dan dan meningkatkan daya saing perusahaan. Banyak perusahaan melakukan perluasan usaha karena pasar domestik dan industri mereka sudah terbatas, sehingga dengan demikian pada hakekatnya meningkatkan daya saing- perusahaan. 3. Untuk mengkapitalisasi kompetensi utamanya. Sebuah perusahaan dapat memperluas kompetensi dan kapabilitasnya untuk posisi memperoleh keuntungan kompetetif dalam pasar luar negeri seperti pada pasar domestik. 4. Untuk menyebar atau membagi risiko bisnisnya melalui perluasan pasar yang telah ada. Ada beberapa strategi dasar bagi perusahaan untuk memasuki pasar luar negeri: 1. Export Strategy Mempertahankan produksi berbasis nasional dan mengekspor barang-barang ke pasar luar negeri dengan menggunakan jalur pengawasan distribusi. Dengan memakai pabrik dalam negeri (domestik) sebagai suatu basis produksi untuk mengekspor barang-barang keluar negeri adalah suatu strategi yang terbaik untuk mengejar penjualan internasional. Keuntungan dari strategi ekspor ini antara lain meminimumkan risiko dan peryaratan modal dan meminimumkan investasi secara langsung di negara-negara asing. Suatu strategi...
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...Case : Flinder Valves and Controls Inc. 1. Overview Kasus Rencana pengakuisisian Flinder Valves and Controls Inc. (FVC) oleh RSE International Corporation (RSE) pada awal 2008. Masa itu adalah masa krisis ekonomi di amerika serikat, kedua perusahaan tersebut merasakan dampak dari krisis tersebut. Tujuan dari dilakukannya akuisisi tidak lain karena kedua pemimpin perusahaan tersebut memikirkan tentang risiko dan peluang dari lingkungan manufaktur yang semakin menantang. Valve memproduksi banyak alat, hanya saja hampir 40% dari penghasilannya dan 50% dari keuntungannya berasal dari aplikasi khusus, yaitu berasal industri pertahanan dan kedirgantaraan. Hal ini tak lepas dari reputasi baik yang dimiliki FVC dalam lingkungan bisnisnya, sehingga mereka memiliki kontrak kerja untuk alat teknis bagi pemerintah. Pada 1980an perusahaan berkembang dibanding perusahaan lain di industrinya. Mereka membeli dan menyewa alat untuk keperluan produksinya, dan akhirnya setelah Bill Flinder melanjutkan tugasnya sebagai presiden FVC, dia mengakuisisi paten yang telah berlisensi. Tak ada masalah yang berarti dalam menggerakkan aktivitas-aktivitas di lingkungan bisnis mereka, baik itu bahan baku yang didapatkan dari supplier yang kompetitif, pemasaran, dan penjualan kepada perusahaan permesinan. Perusahaan Auden merupakan mitra dalam lingkungan bisnis FVC yang mendistribusikan dibawah perjanjian noneksklusif distributor, dimana Auden menjual 15% dari total penjualan FVC. Bahkan penjualan...
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...9 THE STURT CREEK TRAIL Loop Bus Stop (departs Car Park 15 & Registry Road Bus Stops at Bedford Park) 33 T 46 THE LOOP TRAIL Flinders University Pod Tonsley Main Assembly Building (MAB) 32 T 42 BIOLOGY RD Flinders University at Tonsley 5 LAKE ACCESS PATH 8 42 40 54 27 9 17 29 45 36 48 49 30 20 UT 23 TONSLEY LOOP BUS 40 41 T Approx 3km to Bedford Park Campus H FLORA PARK REGISTRY RD LOOP BUS STOP BUILDINGS 25 West Side 6 T PRECINCT ENTRANCE Tonsley Loop Bus D 24 1 SOUTH RIDGE 24A West Side Alawoona Avenue BUS STOP BICYCLE PATH Clovelly Park Train Station SO E 20 LIFT BUILDING ENTRANCE TONSLEY PRECINCT MAP 19A SOUTH RD S DRIV R FLINDE OA 22 MAJOR LECTURE THEATRE SEC PRECINCT 21 BUILDING NUMBER 19 NORTH RIDGE GR ACCESS PARKING T FIRST TCE FOREST CARPARK NUMBER 3 PRECINCT FOOT BRIDGE RIN OA D STURT 20 FLINDERS TRAILS Lecture Theatres 53 53 TRAFFIC LIGHT RAE CR ESENT NORTH Speech Pathology & Audiology SECURITY ILL R PRECINCT CARPARK S 17 FLINDERS LIVING Medical Library T 9 18 FMC Loading Dock School of Medicine 16 17 Flinders Private Hospital...
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...Group 6 Addison Haller, Noah Passage, Brad Pisarcik, Andrew Tucker, Jun Zheng Flinders Valves and Controls Inc: Potential Merger and Acquisition with RSE International Corporation Executive Summary We are presented with the opportunity to evaluate two enterprises, which are in discussion over a possible acquisition. Flinders Valves and Controls Inc. (FVC) achieved a reputation for engineering excellence from its capability in providing specific applications for the defense and aerospace industries. Because of its reputation and excellence, FVC out-grew its small company, organized in 1980, and in 1996 it went public before a failed merger with Auden Company (which held 20% of FVC Common stock), due to a possible antitrust action. Since then, no other firms have been able to work out an agreement for a merger with FVC. However, RSE International Corporation (RSE), a public Russell 1000 company, had recognized FVC’s disclosure of a U.S. government contract and felt for an opportunity to focus on diversification through an aggressive growth-by-acquisition program. With both firms having growing concerns about the current state of the economy as they move closer to the opportunity of striking a deal that can be both profitable and affordable for both sides, possible negotiations were within reach. With this opportunity in focus, we analyze the value of the two firms and discuss three concerns; the effects of a merger, what opening offer RSE should make for the acquisition...
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...Introduction to Events Assessment 1 – Event review white Night Student Name: Simone Tyrrell ‘The White Night Festival is an all-night cultural event that runs from dusk to dawn in the city streets, parklands, laneways and cultural institutions in Melbourne’ (Bennett 2014) The White Night Melbourne festival is a major event that Melbourne has now hosted for two years, with its debut being in 2013. White Night Melbourne would be considered a major event as major events are a large scale special event that attracts large crowds and has a considerable amount of media attention. Major events are also expensive to stage. However, even though major events are expensive to stage they bring revenue to the businesses in the area where the event is being staged and raise awareness of the local area which helps promote tourism for a specific region. The White Night event was 1st conceived in Paris, France in 2002. Paris’ event name is ‘Nuit Blanche’ which translates to “White Night”. The event was created “to make art and culture accessible to large audiences within public spaces” (White Night Melbourne website 2014). From the event first being held in Paris in 2002, it has gained momentum as an international event with over 20 cities in the world now hosting a White Night event. Melbourne held its first White Night event in 2013 and was “a state government of Victoria initiative created by the Victorian Major Events company” (White Night Melbourne website 2014). In Melbourne’s calendar...
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...W.B. “Bill” Flinder, the president of Flinder Valves and Controls Inc. (FVC), and Tom Eliot, the Chairman and CEO of RSE International are currently in the midst of negotiating a merger of FVC and RSE. Both companies are aware of the benefits, but also remain apprehensive due to the risks of completing an acquisition in the struggling economy. Prior to 2008, the U.S. manufacturing industry had experience a decrease in consumer demand because of tighter borrowing standards and a weak housing sector in the past year, according to a recent analyst. However, before May 2008, the U.S. began to experience better economic conditions, which provided FVC a better environment to introduce its new, hydraulic-controls system called the “widening gyre,” which can be used in the military industry. With this expensive program still under development, Bill Flinder realized the importance of merging with another company that was financially stable. Other factors contributed the negotiation. In addition to nearing retirement, Flinder also believe a merger with RSE would help the transition years for his employees. FVC and RSE should follow-through and complete the negotiation because one company’s strengths make up for the other’s weaknesses. Tom Eliot had recently proposed to the board of RSE to focus on diversification. FVC would help diversify RSE; they had the reputation of opening up opportunities for companies looking to diversify, plant capacity, management efficiency, financial resources...
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...(Cuthbertson & Northover, 2013). The festival is a fantastic chance to showcase Melbourne as Australia’s international city of artistic improvements, and celebrate the city’s commitment to art, culture and music. The opening of White Night Melbourne involved more than 300,000 people into the heart of the city. The unique festival is accessible to all ages and it attracts people from interstate. Because it is such an immense event that occurs all night and is based into the city centre, multiple roads are blocked for the hundred of thousands of guests attending and walking the streets of the magnificent light shows occurring. Projections of patterns and colours are presented onto towering buildings and known establishments such as Flinders Street train station and The State Library. From attending the festival myself for the first time I believe it wasn’t a successful event, I only stayed for an hour and did not enjoy it, however there were certain things I experienced watching and found fascinating which included the...
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...investigating, evaluating and summarising the benefits of hospitals as a health promotion setting. Hospitals are popular for their significant role in endorsing health, inhibiting disease and offering rehabilitation services. Additionally, hospitals influence health not only through the delivery of prevention, treatment, and recovery but also through their influence on the local environment (WHO, 2017). The key points that are going to be covered for the success of this assessment include a summary of the fundamental principles and importance of hospitals. Also, a predominant definition of hospitals will be provided, together with the target groups, main investors, and illustrations of health promoting activities in hospitals. Lastly, a Flinders Medical Centre case study will be evaluated to show the current and past activities that were done in the hospital setting. The Ottawa Charter for Health Promotion defines five key areas for health promotion: building healthy public policy, creating supportive environments, strengthening community action, developing personal skills,...
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...rP os t UV0112 Rev. Feb. 24, 2009 METHODS OF VALUATION FOR MERGERS AND ACQUISITIONS op yo This note addresses the methods used to value companies in a merger and acquisitions (M&A) setting. It provides a detailed description of the discounted-cash-flow (DCF) approach and reviews other methods of valuation, such as market multiples of peer firms, book value, liquidation value, replacement cost, market value, and comparable transaction multiples. Discounted-Cash-Flow Method Overview tC The DCF approach in an M&A setting attempts to determine the enterprise value or value of the company, by computing the present value of cash flows over the life of the company.1 Because a corporation is assumed to have infinite life, the analysis is broken into two parts: a forecast period and a terminal value. In the forecast period, explicit forecasts of free cash flow that incorporate the economic costs and benefits of the transaction must be developed. Ideally, the forecast period should comprise the interval over which the firm is in a transitional state, as when enjoying a temporary competitive advantage (i.e., the circumstances where expected returns exceed required returns). In most circumstances, a forecast period of five or ten years is used. No The terminal value of the company, derived from free cash flows occurring after the forecast period, is estimated in the last year of the forecast period and capitalizes the present value of all future...
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...Flinders University Web Redevelopment Competitive Analysis Report Findings of a workshop undertaken by the Information Architecture Working Party 1. Introduction This report provides an overview of the findings of the Information Architecture Working Party’s analysis of competitive sites undertaken on 5 May 2006. This report will be a one source of information used to assist the development and assessment of information architecture solutions. 2. Background Competitive analysis involves assessing websites within the same industry. It adds to our understanding of the Flinders University context. Context is one of three key elements in informing good information architecture. As stated by Withrow (2006) the benefits of competitive analysis include: • Understanding the competition • Building domain knowledge (or understanding of the industry) • Identifying best practices • Expanding dialogue and the possibilities 3. Process 1. Preparation A background paper was provided to Information Architecture Working Party members on 21 April 2006. It outlined the benefits of competitive analysis and provided an overview of the process that would be undertaken as part of the workshop. In addition, the background paper provided an outline of previous studies undertaken on University websites. These include: • An analysis of navigation and content on University homepages from Australia, Canada, United States of America, South-East Asia and Europe...
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...work submitted to that lecturer. A referencing system is a standardised way of informing readers of the sources of information, ideas, graphics etc. that are used in any given work, e.g. your assignment. There are a number of different referencing systems, but those most commonly used at Flinders University are: • Harvard (an author-date system) • APA (American Psychological Association, also an author-date system) • The Note system (including footnotes and endnotes). Author-date systems use the authors’ surnames and the year of publication within the text of a work to refer to a detailed list of full references at the end of the work. The Note system uses numbers within the text to refer to details either at the bottom of the page (footnotes) or at the end of the work (endnotes). See the Student Learning Centre (SLC) brochures on the APA and Note systems for details on these systems. Referencing and academic integrity The use of a referencing system to acknowledge other people’s work, ideas and expression is integral to academic writing and academic integrity. See SLC leaflets on Academic Integrity or the 'Academic Integrity at Flinders' website (available from your topic listing in Flinders Learning Online). Referencing also shows readers: • that you have read widely • who and what you have read • how you have interpreted your reading in forming your ideas • whether you are up to date with current discussion and findings in your field. In addition, accurate referencing enables...
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...Preliminary Data Analysis 17 Interview Questions 17 APPENDIX 3: Thematic Data Analysis 17 Interview Questions 17 Abstract This study attempted to qualitatively investigate Australian student’s perception of the impact of excessive consumption of fast food on their health, studying in Flinders University. The sample consisted of University students with a diversity of demographic details, including sex, age, and the level of education. The researcher, a 27-year old student, used a purposeful sampling strategy to select respondents for the study. Four participants were convenient in making the results of the study dependable. He used four qualitative interviews as a method of data collection. While carrying out the interviews, the researcher used both open and closed ended questions. In order to ascertain that all the data was recorded, notes taking and audio recordings were used at every stage of the interview. Preliminary data analysis and thematic data analysis were used to analyze the overall recorded information. The purpose of the study is to offer viable recommendations that would assist in alleviating the underlying problem of fast foods among Australian students studying in Flinders University. Key Words: demographic details, Preliminary data analysis, thematic data analysis, viable...
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...Name Institution Course Instructor Date UK Politics Introduction Majoritarianism is a traditional political agenda or philosophy that asserts that the majority people who might be identified by language, social class or religion in the population are entitled to a certain degree of primacy in the society. Such people are given the right to make decisions that affect the rest of the society. In the United Kingdom, the government is commonly referred to as a majoritarian due to its majoritarian electoral system. The United Kingdom electro system provides a majority seat to the party with a plurality of votes. This essay will discuss the majoritarian form of government in the United Kingdom and the reasons why the form of governance is referred to as majoritarian while as in the United States it is not recognized as majoritarian. The British system of government that is used in the United Kingdom mainly operates on the principle of straight majority rule. This system is geared towards quick and easy political decision making by the popular majority and elected representatives in the government. Here the action of voters is determined in a single national election with a high disciplined party in the legislature. However, the party in power cannot claim a majority of voters. This is because the party in leadership must have majority seats in the lower and upper houses of the national legislature. It is hard for a party to have majority seats in both houses making it unable to...
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...NHS Confederation 29 Bressenden Place London SW1E 5DD Tel 020 7074 3200 Fax 020 7074 3201 Email enquiries@nhsconfed.org www.nhsconfed.org Disclaimer All views and opinions in this publication are those of the author and are not the authorised views or opinions of the NHS Confederation. The NHS Confederation shall not be liable for any indirect, special, consequential, or incidental damages or defamation arising from any views, opinions or information contained within this publication. Registered Charity no. 1090329 Published by the NHS Confederation © NHS Confederation 2006 ISBN 1 85947 127 7 Ref: BOK 56701 Acknowledgements This report was written by: Daniel Jones and Alan Mitchell, Lean Enterprise Academy UK with David Ben-Tovim, Flinders Medical Centre, Australia David Fillingham, Bolton Hospitals NHS Trust, UK Carol Makin, Wirral NHS Trust, UK Kate Silvester, National Osprey Coach, UK David Brunt, Lean Enterprise Academy, UK Ian Glenday, Lean Enterprise Academy, UK Versions of this report are available that provide greater accessibility for those with a visual impairment. For more information please contact our publications team on 0870 444 5841....
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