Characteristics of Corporations Corporations represent an important type of organization. Their unique characteristics offer advantages and disadvantages. Advantages of Corporate Characteristics Separate legal entity: A corporation conducts its affairs with the same rights‚ duties‚ and responsibilities of a person. It takes actions through its agents‚ who are its officers and managers. Limited liability of stockholders: Stockholders are liable for neither corporate acts nor corporate debt
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MANAGEMENT CASE 13-1: EEI Corporation1 A CASE STUDY CASE OVERVIEW Company Background EEI Corporation was one of the oldest construction companies in the Philippines who is engaged in the business of building industrial plant facilities‚ installing equipments‚ providing replacements parts and supplies‚ and providing specialized engineering services to industrial companies in the Philippines and overseas‚ principally in Middle East. Highlights of Operations EEI Corporation struggled
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Case Summary Digital Semiconductor was a business unit of Digital Equipment Corporation. John Gavin‚ the DS group controller‚ wanted the finance department to find ways to add value and better support the division because the DS business strategy had many changes over the past five years and the division was still operating at a loss. History: The semiconductor division which was a part of Digital Equipment Corporation expanded rapidly in the 1970s. Digital was financially very successful in 1988
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Department Stores: Big Lots and The Retail Industry Michael Martinez Business Department Stores: Big Lots and The Retail Industry I. Problem Identification This paper seeks some of the major developments in the strategies of Big Lots Inc. in order to improve their market share. The main problem that this paper would like to investigate is the kinds of marketing strategies that the company employs in order to achieve greater market share. This paper would also assess the kind of competition
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CASE STUDY MASSENGILL’S DEPARTMENT STORE 1. The utilitarian approach seems to best describe Marv Heimlers turnaround strategy at Massengills. I think so because his decisions would result in the majority of employees keeping their jobs although a smaller amount would be laid off. This shows he is doing what’s best for the company and still seeks the interest of the greater number of people. To him‚ if he had not made the decisions he made‚ everyone would be out of a job. a) Individual
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for Multinational Enterprise: A Philosophical Overview Part One: Review Question #1 Multinational Corporations have always been and are currently now under harsh criticism. They are mainly condemned for exploiting resources and workers of third world countries‚ taking jobs away from the US industry‚ and destroying local cultures. Although there are negatives of multinational corporations‚ there are also positives. Business done overseas provides jobs for the people of the host country‚ improving
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turmoil. A recession was inevitable. It was a tough time for individuals and companies alike. Numerous companies filed bankruptcy and many workers lost their jobs. One of the companies that stayed afloat during the economic recession was the Target Corporation. Although experiencing profit losses and was forced to lay-off workers‚ Target stayed true to its cores and values. Its brand promise of “Expect More. Pay Less.” retained much of its customer loyalty. Its dependable merchandises and exceeding expectations
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which outlines the legal capacity and power of a company. The Corporations Act 2001 (Cth) s 57A1‚ defines a corporation as a separate legal entity‚ that includes any corporate body and unincorporated bodies that may sue‚ be sued or hold property in the name of an office holder appointed for that purpose. In context of corporate governance‚ the main issue is with the current legislation is in regards to director’s duties. Under the Corporations Act 2001 (Cth) s1802‚ directors have a civil obligation to
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Project Chariot? 2. Is the proposed restructuring consistent with management ’s responsibility? 3. The case describes two conceptions of managers ’ fiduciary duty (p. 9). Which do you favor: the shareholder conception or the corporate conception? Does your stance make a difference in this case? 4. Should Mr. Marriott recommend the proposed restructuring to the board? Marriott Corporation (A) 1. Why is Marriott ’s chief financial officer proposing Project Chariot? What is your assessment of MC
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How Does Workman Compensation Work? By Tom Streissguth‚ eHow Contributor * * * * Print this article Workers’ compensation insurance developed in the late 19th century as an important benefit for employees who were not protected from illness or injuries suffered on the job. Before workers’ comp laws were passed‚ injured workers often had few resources with which to treat their injuries and no means of physical rehabilitation and returning to the work force. Workers’ comp
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