ADECCO SA’S ACQUISITION OF OLSTEN CORPORATION 1. How has Adecco been able to outperform its rivals in the staffing industry? What is the strategic and economic rationale for its acquisition of Olsten? 2. Evaluate Olsten’s strategic and financial conditions as of mid-1999‚ in particular its funding needs and resources. 3. Based on Adecco’s pro forma estimates of the staffing business of Olsten in Exhibit 13‚ what is your estimate of total enterprise value? For this calculation make the following
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35200 Corporation Finance Section 01 Professor Amit Seru Winter 2015 Adecco March 11th‚ 2015 Student ID/Name (by last name): 446630 ChunFeng (Cathy) Hsu 446598 Bing Jiang 446686 Yingxue (Ian) Li 446578 Xinye (Cindy) Ma 446666 Yu (Sonia) Song I pledge my honor that I have not violated the Honor Code in preparation of this case assignment. Signatures ： _______________________________________________________________ 1. How has Adecco managed to outperform its rivals in the staffing industry
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1. How has Adecco managed to outperform its rivals in the staffing industry? What is the rationale for acquiring Olsten? Adecco has been nourishing high profits from its global strategy to become the number one or two staffing service firm in each of the major global markets. The firm has had the consistent strategies 1) to achieve fast growth via both organic growth and acquisitions and 2) to gain national market share‚ at least 20% market share in all major markets‚ as historically there has
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phenomenon through the understanding that firms compare the cost of internal co-ordination to the cost of using market (transaction costs) in deciding how to co-ordination economics exchange in order to optimize efficiency. We will take our company Adecco as example‚ the staffing business was developed fast in past half century because of more and more companies evaluated the cost for staffs hiring under TCE concept‚ they also analyze the Vertical Boundaries to make the decision of make-or-buy.
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but through the company leveraging it gives it the opportunity to generate more of a return in the long run. It says the pay out ratio is 28 percent. For the cases of Olsten and Volt‚ you can see that Olsten has no debt. Having no debt means the returns you are going to receive are going to be a lot lower For instance Olsten has 0 debt financing and as you can see there returns are the lowest of the three companies. On the other hand Kelly also has 0 debt but there forecasting for growth is a
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HR (October 2014) intake BX663301 Assessment 1 Question One (16 marks) Read the following case study “Working Holiday Incident”‚ research Health and Safety in employment in New Zealand and then write your own answers to the questions below relating them where possible to the case study. a) Explain two main responsibilities under the current HSE Act for both employers and employees (four responsibilities in total). (0.5 mark each = 2 marks) b) The case “Working Holiday Incident” states that
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Quiana Rainey – Quiana is a very outgoing and personable candidate with a positive personality. She has a solid background in customer service roles‚ including those that require detail oriented work at a fast pace. Her most recent position was with OneAmerica. She worked in a high volume call center servicing retirement accounts for plan participates. She was in this role for 1 year‚ and had scheduled PTO time for a trip with her daughter. Upon returning to the company they advised her that
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Theory: Structure‚ Design‚ and Applications‚ 3rd ed.‚ NJ‚ Prentice-Hall‚ 1990 Floyd‚ D.‚ 2011‚ Revise AS & A2 Business Studies Complete Study & Revision Guide‚ Letts Educational Ltd.‚ ISBN 978-1-844194-38-4 Source: < http://www.docstoc.com/docs/75634128/ADECCO-BULGARIA-MANAGED-SERVICES > [Accessed 03 April 2013] Source: < http://igbusinesss.blogspot.co.uk/2011/04/chapter-13-motivation-at-work.html > [Accessed 3 April 2013]
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References: Adecco. (2007‚ June). The emerging hispanic workforce. Retrieved from http://www.adeccousa.com/Attachments/hispanic_wf_wp.p Andrade‚ S. (2010‚ March 26). 6 advantages of workplace diversity. Retrieved from http://saharconsulting.wordpress.com/2010/03/26/6-advantages-of-workplace-diversity/
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Global Recruitment Market Report: 2012 Edition For more details on the content of report and ordering information please visit: http://www.aarkstore.com/reports/Global-Recruitment-Market-Report-2012-Edition-12373.html One of the major industries which move in tandem with the global economic condition is recruitment industry‚ also known as staffing industry. Recruitment is the process of attracting‚ screening‚ and selecting a qualified person (from within or outside of an organization) for
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