profit. This view is called “Shareholder Theory”. Friedman argued that a company should have no social responsibility to the public or society because it’s only concern is to increase profits for itself and for its shareholders. He states that‚ when companies concern themselves with the community rather than focusing on profits‚ it leads to totalitarianism. In this traditional view of the firm‚ the shareholders or stockholders are the owners of the company‚ and the firm has a binding fiduciary duty
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The Shareholders vs. Stakeholders Debate T he stakeholder theorists smell blood. Scandals at Enron‚ Global Crossing‚ ImClone‚ Tyco International and WorldCom‚ concerns about the independence of accountants who are charged with auditing financial statements‚ and questions about the incentive schema and investor recommendations at Credit Suisse First Boston and iMerrill Lynch have all provided rich fodder for those who question the premise of shareholder supremacy. Many observers have claimed that
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Adidas History Adidas was founded in 1924 in Germany by two bothers Adi and Rudolf Dassler. The company was first named Dassler shoes and later became Adidas. By the Dassler shoes being seen in the Olympics this really helped the company get its name known. However‚ in 1948 Rudolf Dassler leaves to start his own company which is now known as Puma. Once Rudolf left his brother came up with the famous three stripes logo and changed the name to Adidas. The 3 stripes were created to keep the
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Dassler shuhfabrik which was the predecessor company of Adidas. After the World War II the two brothers had a rival‚ the company dissolved and Rudi Dassler established PUMA and Adi Dassler‚ renamed the Gebtuder Dassler Shuhfabrik to Adidas (combination of his first and last name). Adidas continued to be the most innovative company with many patents such as the track shoes with screw in-spikes. The most of the athletes in Olympic Games wear Adidas shoes. The company started to lose its market share rapidly
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simple market-based transactions. The purpose of this paper is to investigate this claim in the context of various relationships maintained by the adidas® group. Approach A detailed analysis was carried out to consider how the organisation has adopted a customer-oriented approach as their key strategy for improved business. This includes factors like increased loyalty of the customers‚ innovation in creation of new products‚ use of technology to maintain customer information and the importance of strategic
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HTC Corp. in 2009 1. Analysis of HTC’s Performance to Date (as of 2009) Delivering high quality products to the market‚ HTC has performed very well as a mobile handset provider by 2009. It seems that HTC’s change in marketing strategy to gain brand awareness was successful at that moment. Although increased cost on R&D weighs on its financial status‚ overall status of the company is still healthy enough. However‚ there are still several issues which the company has to address to achieve
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FOLLOWED BY NIKE AND ADIDAS TEAM MEMBERS ANUPAMA VENU CLAES JOTORP DEEPAK TUSHIR GUSTAV TENERZ SAIRAM KRISHNAN SANJAY SHARMA SUNANDA SURESH 09014 09126 09032 09128 09088 09090 09112 2 INDEX 1. INTRODUCTION 1.1. BRIEF ANALYSIS OF INDUSTRY 1.2. BRIEF DEFINITON OF INDUSTRY 1.2.1.TRENDS IN THE INDUSTRY 1.2.2.MARKET ANALYSIS 1.2.3.MAJOR PLAYERS AND MARKET SHARES 1.3. MAJOR FORCES SHAPING THE INDUSTRY 1.3.1.PORTER͛S FIVE FORCES 1.4. PREDICTION FOR 2009-2010 1.5. THE COMPANY
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Victorian Certificate of Education 2009 General Achievement Test Thursday 11 June 2009 Reading time: 10.00 am to 10.15 am (15 minutes) Writing time: 10.15 am to 1.15 pm (3 hours) QUESTION BOOK Structure of book Type of questions Number of questions to be answered Suggested times (minutes) Suggested time allocation Writing Task 1 Writing Task 2 Multiple-choice questions 1 1 70 30 30 120 10.15 – 10.45 10.45 – 11.15 11.15 – 1.15 • Students are permitted to bring into the examination
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politically ‚ socially and economically. The marketing team has people from different tribes‚ and with different political affiliations. This is a potential source of conflict between team members that could affect performance. This source of conflict also affects the relationship between members of the marketing department and those from other departments within the organization. Technology changes almost daily and the marketing department has to be consistently trained in order to effectively utilize
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Journal of Corporate Finance 11 (2005) 645 – 660 www.elsevier.com/locate/econbase Ownership structure‚ managerial behavior and corporate value J.R. Daviesa‚ David Hillierb‚T‚ Patrick McColganc a University of Strathclyde‚ UK b University of Leeds‚ UK c University of Aberdeen‚ UK Received 21 November 2002; accepted 6 July 2004 Available online 20 April 2005 Abstract The nonlinear relationship between corporate value and managerial ownership is well documented. This has been attributed
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