...ALL Friday, September 6, 2013 Rs. 1.50, Pages 8 Vol. 20 No. 249 http://www.bloncampus.com AHMEDABAD G BANGALORE G CHENNAI G COIMBATORE G HUBLI G HYDERABAD G KOCHI G KOLKATA G MADURAI G MALAPPURAM G MANGALORE G MUMBAI G NOIDA G THIRUVANANTHAPURAM G TIRUCHIRAPALLI G VIJAYAWADA G VISAKHAPATNAM ON CAMPUS FAST TRACK Harvard tops list of alma maters of CEOs London, Sept. 5 twitter.com/bloncampus facebook.com/groups/bloncampus bloncampus@thehindu.co.in arvard University of the US is the world’s top university in terms of educating company executives at global firms, followed by Japan’s University of Tokyo, according to Britain’s Times Higher Education journal. Harvard has produced 25 current CEOs of Fortune 500 companies, accounting for 5 per cent of the total. The University of Tokyo has produced 13, or 2.6 per cent. Stanford University of the United States was third with 11, or 2.2 per cent. The United States dominated the top 10 with four institutions, followed by France with three, Japan two and South Korea one. The rankings published on Thursday are the first of their kind by the magazine, known for its annual ‘World University Rankings’. It surveyed where the CEOs went to school or earned degrees, while taking into account factors such as the revenues of the firms they manage. The United States was home to the most universities on the list with 38, followed by China with 15, Japan with nine, France with eight, Germany with five and Britain with four. — PTI ...
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...Value Line, in its current form, was incorporated in 1982 and is the successor to substantially all of the operations of Arnold Bernhard & Co., Inc. In June 2005, AB & Co. owned approximately 86.5% of the Company’s issued and outstanding common stock. The Company produces investment related periodical publications through its wholly owned subsidiary, Value Line Publishing LLC ("VLP") . VLP publishes in both print and electronic formats The Value Line Investment Survey®, one of the nation's major periodical investment publication, as well as The Value Line Investment Survey - Small and Mid-Cap Edition, The Value Line 600, Value Line Select, The Value Line Fund Advisor, The Value Line Special Situations Service, The Value Line Daily Options Survey and The Value Line Convertibles Survey. VLP also provides current and historical financial databases which include DataFile, Estimates & Projections, Convertibles, ETFs and Mutual Funds in standard computer formats. The Company also markets investment analysis software and includes The Value Line Investment Analyzer (which was last updated in 1999) and Value Line Mutual Fund Survey for Windows (which was last updated since 1998). The Company's print and electronic services are marketed from time to time through media, direct mail and the internet to retail and institutional investors. The company last advertised on television, CNBC, in 2001. In addition to Value Line Publishing LLC, the Company's other wholly owned subsidiaries include...
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...Online Business Expansion Plan for Clovis Transit A1. Online Business Viability Clovis Transit is a public transportation agency located in the San Joaquin Valley of Central California. Clovis Transit provides two types of transportation – fixed route and paratransit. The fixed route service is called Stageline and runs regular routes throughout the city of Clovis proper and into some portions of the neighboring town, Fresno. The paratransit service is called RoundUp and provides service to disabled residents of the city. Clovis Transit is considered a mid-sized transit agency and provides approximately 300,000 trips per year. The city brands itself in the western motif with the goal of maintaining a small-town feel and personality while still serving a population of just short of 100,000 citizens. Passengers who use Clovis Transit fall into three main categories: low income, student, and disabled riders. These riders are considered “transit dependent” which means they have no other choice for transportation beyond the bus and therefore marketing has remained a low priority. The City of Clovis maintains a website that provides access to all its departments including Transit. The Transit department’s website currently contains basic information about the services offered and various forms and documents that can be downloaded by the user. Because the department serves two distinct customer groups, regular fixed-route transit riders and disabled citizens, there is an opportunity...
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...Business Writing Portfolio Outline Chapters 1. Cover page 2. Outline of Assignment 3. A Business Letter 4. A Business Memo 5. An E-mail Message 6. Reflection Dear Store managers: The company is writing this letter to inform every one of the new changes in the company that are effective immediately. As we all know the economy is changing and gas prices are on the rise and it is causing issues amongst our workers. In order to comply with these issues we have developed a plan to alleviate this situation. The company has decided to cut the hours of the full-time employees and managers. The store has placed them on a 10-hour, four-day work week. The store has placed the part-time workers on a minimal schedule. Their schedule will consist of one, two, or three day work week depending on the full-timer’s schedules. The stores hours of operations have also changed. We will no longer be open on Sundays. Monday through Saturday the store will open an hour later, and the store will close an hour earlier. The reasoning behind all of this is due to the downturn of the economy in addition to keeping business cost down. As a member of the team I know we must place the well-being of our workers first. Our workers are the backbone of the store, if they leave, then where would we be as a retail store. Our workers are who keep the business running. During these hard economic times, adjusting the schedules and changing hours of...
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...Article Critique Maximiliano Garcia Saint Thomas University FIN 311: Financial Administration Dr. Nicole Grandmont-Gariboldi Abstract Steve Denning, contributor at Forbes wrote an article explaining the changes in business and in it he points out the inaccuracies haunting new managers and also defines the “new bottom line of business.” Denning explains that “Of all the pathologies afflicting Management, the most noxious is the pursuit of the wrong goal: maximizing shareholder value.” Maximizing shareholder value should not be a goal, it is in fact as Denning points out a pathology, a disease and a very poisonous one. An individual as an investor might be very interested in the well-being of a company, and it can be measured by the stock, naturally. But when the shares of a company become overvalued they transform into ticking time-bombs. It is only a matter of time for an overvalued equity to deflate its price and lose value fast. This is why managers should completely avoid the philosophy of increasing the shareholder value. Jack Welch, former CEO of General Eclectic and living legend for his achievements in the firm, has referred to this idea as the most foolish of them all. As Denning continues to explain, shareholder value is a result and should not be treated as a strategy. The title of his article reads: “Kicking The Addiction to Managerial Heroin,” a term that was coined by professor Michael Jensen that does not references the...
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...Carnival Cruise Lines: Exploiting a Sea of Global Opportunity International business 13th ed. Summary: This case describes the history of the cruise industry and defines it, then it talks about the current state of the Cruise industry, then it goes on to discusses the business in international waters, after that it states the main points in Carnival Cruise Line operations, finally it argues the overseas environment. SWOT Analysis: Strengths: 1. Carnival cruise lines is one of three major companies that has the share of 91% of the market and it is the largest of all three. 2. That being said it is very strong financially. 3. The financial strengths of carnival cruise line generates international connections that will be very helpful in this line of business. 4. Another point resulting from the financial strengths is the ability to cover their customers geographically being based in different countries. 5. The ability to target different segments hence it has different cruises with different costs. Threats: 1. The health problem that faced them in 2006 where a virus hit the cruise caused bad publicity which causes carnival to take the infected ship out of service which caused financial losses. 2. Any health epidemics causes carnival to avoid ports of the country infected which also can cause financial losses. 3. The weather causes a major threat which normally forces the company to cancel the trip...
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...difference between line and staff position. Which type would you prefer and why? In every business organization there is a structure to how jobs or tasks are delegated throughout the staff. There are numerous ways to structure the allocation of jobs throughout the business. An example of this is Line and staff position, this structure is usually used within larger organizations where line position are the staff that are involved in the selling or producing a product or service such as tellers at a financial institution, whereas staff position are the staff that specialize or have an expertise in a specific area, these staff provide the support to the line staff, for example IT experts would be classified in staff position. There are also advantages and disadvantages with this type of structure, an advantage is there are staff that specialize in specific areas. Disadvantage of staff and line structure is there may be conflict between line and staff employees. Line positions are occupied by either line personnel or line managers. The line personnel perform the primary activities of the business, for example the selling or producing of goods or a service. The line managers make most of the decisions and work with line personnel to achieve the goals of the company. Although line managers don’t directly make the product or provide the service of the business they still contribute to and are very important in achieving company goals. Staff position contributes to the business by providing...
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...Form 8829 Department of the Treasury Internal Revenue Service (99) Expenses for Business Use of Your Home ▶ File only with Schedule C (Form 1040). Use a separate Form 8829 for each home you used for business during the year. ▶ Information about Form 8829 and its separate instructions is at www.irs.gov/form8829. Part I 000-22-2222 Part of Your Home Used for Business 1 Area used regularly and exclusively for business, regularly for daycare, or for storage of inventory or product samples (see instructions) . . . . . . . . . . . . . . . . 2 Total area of home . . . . . . . . . . . . . . . . . . . . . . . . . 3 Divide line 1 by line 2. Enter the result as a percentage . . . . . . . . . . . . . For daycare facilities not used exclusively for business, go to line 4. All others go to line 7. hr. 4 4 Multiply days used for daycare during year by hours used per day 8,784 hr. 5 Total hours available for use during the year (366 days x 24 hours) (see instructions) 5 . 6 Divide line 4 by line 5. Enter the result as a decimal amount . . . 6 7 Business percentage. For daycare facilities not used exclusively for business, multiply line 6 by line 3 (enter the result as a percentage). All others, enter the amount from line 3 . . . . . ▶ Part II See instructions for columns (a) and (b) before completing lines 9–21. 36 37 38 39 40 41 (a) Direct expenses 7 25 % 8 6,000 14 15 7,000 0 25 26 27 500 31 32 33 ...
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...strengths 10 SCENARIO 3 10 Analysis of Objectives 10 Business Plan 11 SCENARIO 4 13 CONCLUSIONS 13 BIBLIOGRAPHY 14 EXECUTIVE SUMMARY The present assignment provides a report based on analysis and evaluation of the current and prospective development of NEW LINE STEAM WASH LTD within its business environment. Methods of analysis include SWOT analysis, Porter’s five forces, and business plan development. All information can be found mainly in the official website of the company. The results of data analysed show that there is no organisational objectives, therefore it is required to make an strategic planning in order to be able to develop a business plan. The company’s current position is not positive. The major areas of weakness require further investigation and remedial action by management. The present report bears in mind some limitations regarding forecasting figures which are not provided by the company, as well as the real economic conditions and data limitations due to New Line Steam Wash LTD. is a starting-up business. INTRODUCTION The present assignment will be developed on a very wide topic in which will be necessary to analyse a company within its market sector. The aim of the research is to understand the modus operandi of a small business enterprise in the UK, and how the business environment interferes on its performance. ...
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...SCHEDULE C (Form 1040) Profit or Loss From Business OMB No. 1545-0074 2014 (Sole Proprietorship) Information about Schedule C and its separate instructions is at www.irs.gov/schedulec. Attach to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065. Department of the Treasury Internal Revenue Service (99) Attachment Sequence No. 09 Name of proprietor Social security number (SSN) A Principal business or profession, including product or service (see instructions) B Enter code from instructions C Business name. If no separate business name, leave blank. D Employer ID number (EIN), (see instr.) E Business address (including suite or room no.) F G H City, town or post office, state, and ZIP code Cash (2) Accrual (3) Other (specify) Accounting method: (1) Did you “materially participate” in the operation of this business during 2014? If “No,” see instructions for limit on losses If you started or acquired this business during 2014, check here . . . . . . . . . . . . . . . . . I J Did you make any payments in 2014 that would require you to file Form(s) 1099? (see instructions) . If "Yes," did you or will you file required Forms 1099? . . . . . . . . . . . . . . Part I Income . . . . 2 3 Gross receipts or sales. See instructions for line 1 and check the box if this income was reported to you on Form W-2 and the “Statutory employee” box on that form was checked . . . . ...
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...customer line, and 9500 * 0.03 = $285 ii. The business customer line. What drives theses allocations? 85500 * 0.03 = $2565 Paying checks which was processed c. What proportion of the total indirect cost is assigned to: iii. The retail customer line, and iv. The business customer line? Why? That is, what is the underlying rationale for indirect cost allocation under the old system? What assumption must hold approximately true for the original cost allocation procedure to generate “accurate” customer cost information? Retail line: $285 285 /(285+2565) =10％ Business line: $2565 2565 /(285+2565) =90％ Since the old indirect cost was allocated by paying checks, which was processed, and 90% of the checks wrote through business line, 90% indirect cost was allocated in Business line and 10% was allocated in retail line. d. Use your answer to part B and data on the number of retail and business accounts to determine: v. The indirect cost per retail account, and vi. The indirect cost per business account Retail: 285 / 150 (number of accounts) = $1.9 Business: 2565 / 50 = $51.3 e. Assuming there are no direct costs or other indirect costs, compute the average contribution to profit per account for retail customers and for business customers. What business strategy would a manager using the original cost allocation system likely adopt? Why? Profit (retail): $10 - $1.9 = $8.1 Profit (Business): $40...
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...elevated position the Human Resource Department aims to help by streamlining functions of the department and move to a centralised Business Partner model. It is hoped this will bring added benefits to the Snow Mountain Hotel in a number of ways by standardising operations and creating a base for excellence. This report aims to analyse the proposed Business Partner model in the context of the Snow Mountain Hotel and explore the disadvantages and advantages of the aforementioned model and evaluate the potential setbacks. It also aims to set out clearly the implementations of the model in practical terms going forward. The Business Partner model first put forward by Ulrich (Ulrich 1997), is sometimes referred to as the “three-legged stool” model. This maintains that all three components of the HR Business Partner model must work cohesively and in tandem for the model to be effective and workable. Within the model there is an HR Business partner who takes on five roles (Ulrich & Brockbank 2005). These are specified as being a “strategic partner,” a “change agent,” an “administrative expert,” an “employee champion” and an “HRM leader.” Leading from the HR Business partner are “Shared Service Centres” and “Centres of Excellence,” hence the reference to a “three-legged stool.” The HR Business partner aims to be strategic in following closely the business organisational goals and core strategies. From historically being on the periphery of...
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...SCHEDULE C (Form 1040) Department of the Treasury Internal Revenue Service (99) Name of proprietor ▶ For ▶ Attach Profit or Loss From Business (Sole Proprietorship) OMB No. 1545-0074 information on Schedule C and its instructions, go to www.irs.gov/schedulec to Form 1040, 1040NR, or 1041; partnerships generally must file Form 1065. Attachment Sequence No. 09 2011 Social security number (SSN) sherry hopson 123456789 A Principal business or profession, including product or service (see instructions) retail family clothing store C Business name. If no separate business name, leave blank. family clothing store E Business address (including suite or room no.) ▶ 4321 circle drive F G H I J B Enter code from instructions ▶ 4 2 4 4 8 3 1 2 4 1 0 D Employer ID number (EIN), (see instr.) 9 5 1 houston tx 7707 City, town or post office, state, and ZIP code Cash (2) Accrual (3) Other (specify) ▶ Accounting method: (1) Did you “materially participate” in the operation of this business during 2011? If “No,” see instructions for limit on losses If you started or acquired this business during 2011, check here . . . . . . . . . . . . . . . . . Did you make any payments in 2011 that would require you to file Form(s) 1099? (see instructions) . If "Yes," did you or will you file all required Forms 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ Yes Yes Yes No No No Part I 1a b c d 2 3 4 5 6 7 8 9 10...
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...critical analysis on the interaction of HR and line managers, including the concept of HR business partnering, the integration of businesses and HR strategies, and integration of theories with practice using examples from organisations. Name:Ikenze tony Kalu STUDENT NO: 12234835 Word count: HR AND LINE MANAGERS HR managers are managers responsible for delivery of basic HRM services such as recruiting, hiring, training, organizational development, coaching, employee relation, communication, leadership, advice, salary and benefits, team building of staffs within an organization and also the well-being of people and relationship between management and employees (Susan, H, 2012). while the line manager are managers crucially responsible for administrative management of individuals, direct management of staffs within an organization and the supervision and discipline of their employees and performance appraisal (John ,F ,2012) in addition the line managers have the power to influence the employees behaviour (cascio,2008;cited in faisal et al ,2011). Interaction between the HR mangers and line managers However the interaction between the HR manager and the line manager is very essential within an organization, a previous research carried out by Stockton Borough Council (2011) showed that there is an existing culture of both managers working together to address people management responsibilities, this research also showed that line managers were ready to take up more responsibities...
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...target increase in the number of customers, Belltown National’s profits continued to decline. Roger Welton, the CEO, didn’t understand why profits were declining, even though the bank was serving more customers. The Pierce County branch manager, Rose Martinez, noticed that while small retail customers flocked to the bank, the number of business customers was declining. Belltown National’s existing costing system, developed back in 1990, is straightforward. No costs are traced directly to customers. The bank assigns the total indirect costs to customer lines (retail customer line or business customer line) by dividing the total indirect costs by the total number of checks processed to compute a cost per check processed. The cost by customer line is then the number of checks processed for the customer line multiplied by the cost per check. Martinez suspected that Belltown National’s cost system might be part of the problem. Martinez learned about activity-based costing (ABC) in school, but the applications she studied involved manufacturing firms. She wonders whether Belltown National could develop an ABC system, with the customer-line as the primary cost object. Rose’s boss was skeptical. (“Our profits are going down the tubes and you want me to spend money developing a new accounting system???”) However, Rose persuaded her boss to allow a pilot ABC study, using the three Tacoma branches for the pilot test. The ABC implementation...
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