...Stewart Fish, Menting Xu, David Dowdy Executive Summary Over the past decade, significant changes in regulations, advances in technology, and shifts in competitive dynamics began transforming the cable industry. Companies within the industry were forced to adapt by acquiring economies of scale and scope. American Cable Communication was seeking to acquire AirThread Connections for three reasons. The two companies could help each other become more competitive in an industry that is moving toward bundled package service offerings. The acquisition would help both companies expand into the business market, and lastly American Cable was in a unique position to add value to AirThread’s operations. They could obtain a significant amount of debt financing for an AirThread acquisition. The ATC’s terminal value was calculated by using an estimated growth rate. The assumption of growth rate is made of 2013’s economic growth rate and an estimated inflation rate. The WACC of ACC is 8.05%, The Interest tax shields are 79.6, 73.6, 66, 59.2, 50.8. The unlevered cash flows are 291.54, 342.16, 314.56, 321.42 and 318.64 while the total cash flows are 371.14, 415.76, 380.56, 380.62 and 369.44. To find out WACC, we first calculated cost of debt by using interest rate and tax rate, then calculated cost of equity by using equity beta. I would recommend the acquisition; it is clear that both companies lack what the other one successfully provides. If American Cable Company does not adapt and...
Words: 1219 - Pages: 5
...Executive Summary American Cable Communication (ACC) is one of the largest cable operators serving video, internet and landline telephony to millions of customers throughout the United States. The rapid transformation in the cable industry due to technological advances, regulation changes and changes in competitive dynamics have resulted in large investments in network infrastructure requiring a drastic increase in customer base for the new capacity to be utilized effectively. The increasing demand of cable companies to acquire economies of scale led executives to conclude that in the future, only a few large network providers would survive in the industry. The company believes that the only way to achieve customer growth amidst the rapid increase in costs to acquire new customers and high penetration rates in video and internet is through additional acquisitions. Currently, ACC is considering the idea of buying out AirThread Connections, one of the largest wireless companies in the United States. The acquisition of AirThread will benefit ACC in three different ways. First, ACC and AirThread could help one another sustain a competitive spot in an industry moving increasingly towards bundled services. Second, it would help them expand into the business market whereas before both companies relied heavily on retail and residential customer bases, allowing them to increase network utilization and cost efficiency as a result. Lastly, ACC would be able to add value to AirThread’s...
Words: 1155 - Pages: 5
...acquisition is consistent with the Google focus on improving how people connect with information. The acquisition will address a strategic opportunity to deliver more diverse online content to the world, where the graphical and video display-ad market is estimated to grow to $200 billion (Efrati, 2012). It will also further build on the expansive Google acquisition model strategy and use of capital (Rosoff, 2012). Google enjoys proven success and market dominance in online advertising. With its graphical and video advertising successes through its YouTube platform and thousands of other sites, the company has established a significant competitive advantage in the market of display-advertising. With Netflix, Google would leverage its ad expertise to pair advertisements with video search requests and video themes/genres. This acquisition will continue the Google growth model of winning loyalty across every facet of the internet experience which translates into "overall time spent on Google services,[...]more time (for consumers to be) exposed to ads, [and] increased brand loyalty (Young, 2011). The acquisition would provide a diversified monetization model of membership/fee based service which provides strong direct customer and revenue competition to Hulu (streaming video currently offered only to users in Japan and the USA and its overseas territories), Amazon Prime Streaming and Apple's iTunes in the global market (Wikipedia, 2012). If leveraged by Google in the manner explained in the...
Words: 17829 - Pages: 72
...IMC Media Strategy Implementation Overview Integrated Communication Strategy • Integrated marketing communications (IMC): a strategic business process that marketers use to plan, develop, execute, and evaluate coordinated, measurable, persuasive brand communication programs over time with targeted audiences. • The important thing to understand about this concept is the need for, and benefit of consistency between components of the program. Advertising Personal Selling Communication Idea • The question: how much should an organization spend on its integrated marketing communications program, and how do you know when it is working? Direct Marketing Public Relations Sales Promotion 16-2 Multi media, multi tasking, multi message, multi channels…. telephone cinema newspaper tv webtv packaging magazines bill posting Signage mp3 iphone atm pop ups pop events & sponsorship website outdoor pda direct mail cd/dvd transit email Communication Mix Adver&sing Direct Brand Situation IMC Objectives Consumer & Channel TM & Audience Public Relations Sales promotion Events / sponsorship Personal Selling Customer Service Press/print, Television, Radio Internet, Outdoor / transit, Ambient Direct response formats Direct mail, telephone selling, Catalogue selling Corporate & Brand PR, Publicity Consumer Franchise vs Non-franchise building Sponsoring (participating, creating) Social, Sporting, Cultural/Arts, Industry Person-to-person...
Words: 3844 - Pages: 16
...CASE: GS-66 DATE: 06/05/09 CISCO SYSTEMS, INC.: COLLABORATING ON NEW PRODUCT INTRODUCTION On November 13, 2007, more than 100 employees of Cisco Systems, Inc. assembled in classic Cisco fashion: they dialed in from multiple locations around the world for an important meeting. The purpose of the gathering was to get the green light from senior management to manufacture a new high-end router that would make the giant networking company more competitive in an age of surging Internet traffic.1 The project’s code name, Viking, said it all. The router for broadband service providers would break ground in power and speed, reminiscent of the Norse warriors and explorers of Europe during the eighth to eleventh centuries. The meeting represented a culmination of several years of development work by a cross-functional, global team of Cisco specialists in engineering, manufacturing, marketing and other areas. Just months earlier, in mid-2007, Cisco overhauled the project by sharply boosting the router’s speed and capacity. This would allow the company to leapfrog competitors and offer a low-cost, powerful new router platform for the next 10 to 15 years. That day in November, the Viking team was seeking an “execution commit” from senior management in manufacturing. If it got the go-ahead, Cisco would be ready to commit the resources to launch the new product. But the Cisco team knew it faced many challenges. The Viking project would be one of the company’s most complex...
Words: 12040 - Pages: 49
...November 27, 2014 MBA 607 TERM PROJECT FOR PROFESSOR TOMEK KOPCZYNSKI FINANCIAL STATEMENT ANALYSIS AND INVESTMENT RECOMMENDATION FOR: ROGERS COMMUNICATION INC AND TELUS CORPORATION Group 6 El Nasser Imam Amin Arun Kumar Durairaj Vinay Paramanand Ali Movahedin Yasir Siddiqui EXECUTIVE SUMMARY The Canadian telecommunications industry is attractive to investors because wireless, internet and telecommunication services are an integral part of the Canadian economy. Rogers Communications Inc. and TELUS Corporation are two of the five major players in this industry. Following the recession, TELUS has focused on key strategic markets, acquisitions and diversifications to achieve growth in revenues. Since 2009, TELUS Corporation has not only provided high returns to its shareholders but the firm have also solidified its position as the growth leader by achieving a significant increase in its market capitalization. TELUS has demonstrated great maturity in managing its operational activities such as net income and free cash flow, investing activities such as effective asset deployment and long-term investment, and financing activities such as long-term borrowings and stock split. In this report, we will analyze Rogers and TELUS using the following five considerations: How well are the companies performing overall? How well do the companies manage short-term and long-term borrowings? How effective are the companies with long-term borrowings...
Words: 8711 - Pages: 35
...! ! ! ! ! ! ! ! ! ! ! ! !!!!!!!!!!! ! ! Did Wal-Mart Wake Up? How Strategic Management Handled Wal-Mart’s Reputation [ABSTRACT] The nation’s largest private corporation and retail giant Wal-Mart has faced multiple opposition from labor unions, grassroots organizations, religious groups, and even from its own employees, impacting its corporate reputation and ultimately its bottom line. This case study will demonstrate the strategic communication Wal-Mart used for its corporate reputation management (CRM). In particular, the case describes the company’s response to criticism regarding its current business policies and practices. Table of Contents Introduction………………………………………………………………3 1. Company History……………………………………………………..5 1.1 Wal-Mart’s Early History: 1960s to 1970s…………………………….5 1.2 Wal-Mart Expands and Goes International: 1980s to 1990s…………...6 1.3 Attack of the Advocacy Groups: 2000 to present……………………....7 1.4 Repercussions…………………………………………………………...8 2. The Issue: Employee Relations and Workers’ Rights…………………9 3. Opposition…………………………………………………………….10 3.1 Labor Union-Funded Groups…………………………………………...11 3.2 Gender Discrimination………………………………………………….12 3.3 Wal-Mart: The High Cost of Low Price……………………………………..13 4. Wal-Mart’s Response……………………………………………………15 4.1 Response to Labor Union-Backer Groups………………………………...16 4.2 Response to Gender Discrimination Lawsuit……………………………..17 4.3 Response to Greenwald’s Film……………………………………………18 4.4 Wal-Marting Across America:...
Words: 18260 - Pages: 74
...! ! ! ! ! ! ! ! ! ! ! ! !!!!!!!!!!! ! ! Did Wal-Mart Wake Up? How Strategic Management Handled Wal-Mart’s Reputation [ABSTRACT] The nation’s largest private corporation and retail giant Wal-Mart has faced multiple opposition from labor unions, grassroots organizations, religious groups, and even from its own employees, impacting its corporate reputation and ultimately its bottom line. This case study will demonstrate the strategic communication Wal-Mart used for its corporate reputation management (CRM). In particular, the case describes the company’s response to criticism regarding its current business policies and practices. Table of Contents Introduction………………………………………………………………3 1. Company History……………………………………………………..5 1.1 Wal-Mart’s Early History: 1960s to 1970s…………………………….5 1.2 Wal-Mart Expands and Goes International: 1980s to 1990s…………...6 1.3 Attack of the Advocacy Groups: 2000 to present……………………....7 1.4 Repercussions…………………………………………………………...8 2. The Issue: Employee Relations and Workers’ Rights…………………9 3. Opposition…………………………………………………………….10 3.1 Labor Union-Funded Groups…………………………………………...11 3.2 Gender Discrimination………………………………………………….12 3.3 Wal-Mart: The High Cost of Low Price……………………………………..13 4. Wal-Mart’s Response……………………………………………………15 4.1 Response to Labor Union-Backer Groups………………………………...16 4.2 Response to Gender Discrimination Lawsuit……………………………..17 4.3 Response to Greenwald’s Film……………………………………………18 4.4 Wal-Marting Across America:...
Words: 18508 - Pages: 75
...! ! ! ! ! ! ! ! ! ! ! ! !!!!!!!!!!! ! ! Did Wal-Mart Wake Up? How Strategic Management Handled Wal-Mart’s Reputation [ABSTRACT] The nation’s largest private corporation and retail giant Wal-Mart has faced multiple opposition from labor unions, grassroots organizations, religious groups, and even from its own employees, impacting its corporate reputation and ultimately its bottom line. This case study will demonstrate the strategic communication Wal-Mart used for its corporate reputation management (CRM). In particular, the case describes the company’s response to criticism regarding its current business policies and practices. Table of Contents Introduction………………………………………………………………3 1. Company History……………………………………………………..5 1.1 Wal-Mart’s Early History: 1960s to 1970s…………………………….5 1.2 Wal-Mart Expands and Goes International: 1980s to 1990s…………...6 1.3 Attack of the Advocacy Groups: 2000 to present……………………....7 1.4 Repercussions…………………………………………………………...8 2. The Issue: Employee Relations and Workers’ Rights…………………9 3. Opposition…………………………………………………………….10 3.1 Labor Union-Funded Groups…………………………………………...11 3.2 Gender Discrimination………………………………………………….12 3.3 Wal-Mart: The High Cost of Low Price……………………………………..13 4. Wal-Mart’s Response……………………………………………………15 4.1 Response to Labor Union-Backer Groups………………………………...16 4.2 Response to Gender Discrimination Lawsuit……………………………..17 4.3 Response to Greenwald’s Film……………………………………………18 4.4 Wal-Marting Across America:...
Words: 18260 - Pages: 74
...the flagship Company of Reliance Group, one of the leading business houses in India. Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The Company, with a customer base of 161 million as on March 31, 2012 including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes over 35,000 Indian and multinational corporations including small and medium enterprises and over 800 global, regional and domestic carriers. Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire communications value chain, covering over 24,000 towns and 600,000 villages. Reliance Communications owns and operates the world’s largest next generation IP enabled connectivity infrastructure, comprising over 2,77,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region. Mission: Excellence in Communication Arena To attain global best practices and become a world-class communication service provider – guided by its purpose to move towards greater degree of sophistication and maturity. To work with vigour, dedication and innovation to achieve excellence in service, quality, reliability, safety and...
Words: 78255 - Pages: 314
...APA Referencing A Guide for CPIT Students This guide is based on the 6th edition of the Publication Manual of the American Psychological Association (2010) Please email: learningservices@cpit.ac.nz with any feedback January, 2015 1 Contents: How to use this guide: ................................................................................................ 4 What is referencing? ................................................................................................... 4 Why do you need to reference?.................................................................................. 4 When do you need to reference? ............................................................................... 4 How do you reference APA style? .............................................................................. 5 In-text citation .......................................................................................................... 5 Reference list .......................................................................................................... 5 Examples of citation in text when using a paraphrase (Check with your Department). ........................................................................................................ 5 Examples of citation in text using direct quotations ................................................. 5 Short quotations .........................................................................................
Words: 18473 - Pages: 74
...Table of Contents 1. Summary and Introduction ...................................................................................... 3 2. Chocolate Industry ................................................................................................... 5 2.1. Understanding the landscape ................................................................................. 5 2.2. Trend ..................................................................................................................... 6 2.3. Industry Boundaries .............................................................................................. 6 2.4. Industry segmentation ........................................................................................... 7 2.5. Porter’s Five Forces ............................................................................................... 8 2.6. Industry Profitability ............................................................................................. 9 2.7. Industry Key Success Factors .............................................................................. 11 3. Internal analysis and positioning of the firm .......................................................... 12 3.1. Resources and capabilities ................................................................................... 12 3.2. Competitive Scope................................................................................................ 18 3.3. Thornton’s...
Words: 10956 - Pages: 44
...Code of Procedure of the Commerce Undergraduate Society of UBC Vancouver “… to enhance the value of the Sauder School of Business Bachelor of Commerce degree while cultivating the personal, professional and academic success of students.” 1. Article 1: Introduction and Scope 6 Section 1.01: Definitions 6 Section 1.02: Jurisdiction 7 Section 1.03: Amendment 7 Section 1.04: Suspension 7 Section 1.05: Summaries 7 Section 1.06: Guidelines 7 2. Article 2: Board of Directors and Executive Council Procedures Policy 7 Section 2.01: Powers of the Chairpersons of the Board of Directors and Executive Council 7 Section 2.02: Authority to Overrule the Chairperson 8 Section 2.03: Appointment of the Board of Directors Chairperson and Vice-Chairperson 8 Section 2.04: Appointment of the Executive Council Chairperson and Vice-Chairperson 8 Section 2.05: Quorum 8 Section 2.06: Meeting Agendas 9 Section 2.07: Speaking Privileges and Agenda Structure 9 Section 2.08: Voting and Records of Votes 13 Section 2.09: Meeting Locations 14 Section 2.10: Public Attendance of Meetings 14 Section 2.11: Participation in Meetings through Electronic Means 14 Section 2.12: Appointment of Proxies 14 Section 2.13: Secretary of the Board of Directors and Executive Council 15 3. Article 3: Board of Directors Committee Policy 16 Section 3.01: Purpose and Nature of Board of Directors Committees 16 Section 3.02: Committee Terms 16 Section 3.03: Inclusion of the General Membership of the...
Words: 25940 - Pages: 104
...ETHICS IN INFORMATION TECHNOLOGY Third Edition This page intentionally left blank ETHICS IN INFORMATION TECHNOLOGY Third Edition George W. Reynolds Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States Ethics in Information Technology, Third Edition by George W. Reynolds VP/Editorial Director: Jack Calhoun Publisher: Joe Sabatino Senior Acquisitions Editor: Charles McCormick Jr. Senior Product Manager: Kate Hennessy Mason Development Editor: Mary Pat Shaffer Editorial Assistant: Nora Heink Marketing Manager: Bryant Chrzan Marketing Coordinator: Suellen Ruttkay Content Product Manager: Jennifer Feltri Senior Art Director: Stacy Jenkins Shirley Cover Designer: Itzhack Shelomi Cover Image: iStock Images Technology Project Manager: Chris Valentine Manufacturing Coordinator: Julio Esperas Copyeditor: Green Pen Quality Assurance Proofreader: Suzanne Huizenga Indexer: Alexandra Nickerson Composition: Pre-Press PMG © 2010 Course Technology, Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be reproduced, transmitted, stored or used in any form or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, Web distribution, information networks, or information storage and retrieval systems, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission...
Words: 204343 - Pages: 818
...CONTENTS Managing Director & CEO’s Letter to Shareholders Board of Directors Snap Shot of Key Financial Indicators : 2008-2012 Highlights Directors’ Report Management’s Discussion & Analysis Auditors’ Report Balance Sheet Profit and Loss Account Cash Flow Statement Schedules Forming Part of Balance Sheet Schedules Forming Part of Profit and Loss Account Significant Accounting Policies Notes to Accounts Auditors’ Certificate on Corporate Governance Corporate Governance Auditors’ Report on Consolidated Financial Statements Consolidated Financial Statements Disclosures under the New Capital Adequacy Framework (Basel II Guidelines) Bank’s Network : List of Centres 3 4 5 6 7 17 31 32 33 34 36 42 43 51 86 87 109 110 151 169 1 MANAGING DIRECTOR & CEO’S LETTER TO THE SHAREHOLDERS I am delighted to report that your Bank has delivered another year of consistent growth in business volumes, revenues and profits during a period of slower GDP growth, tight liquidity and relatively high interest rates. The Bank has built its business upon the trust of millions of customers who avail of its products and services through a distribution network of 1,622 branches and 9,924 ATMs spread across 1,050 centres in the country. The retail deposit base continues to be the cornerstone of the growth strategy of the Bank and it has performed well in a challenging environment, reflecting the quality of our customer franchise. I am also happy to report that the Bank’s assets are healthy and growing...
Words: 76317 - Pages: 306
