CHAPTER 19 CORPORATIONS 1. – THE NATURE AND CLASSIFICATION OF CORPORATIONS A corporation is a legal entity created and recognized by state law. It can consist of one or two persons identified under a common name. CORPORATE PERSONNEL When an individual purchases a share of stock in a corporation‚ that person becomes a shareholder and owner of the corporation. Shareholder and corporations are liable. THE LIMITED LIABILITY OF SHAREHOLDER One of the key advantages of the corporate forms
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Exhibit 2: Ratio analysis 11 Exhibit 3: Common-Size Income Statements 12 Exhibit 4: Summary of the internal environment analysis 13 Exhibit 5: Strategic factors summary 13 Exhibit 6: SWOT Matrix for Maytag Corporation 14 Exhibit 7: Action plan 15 I. INTRODUCTION Maytag Corporation is an US based company dedicated to designing‚ building‚ marketing‚ and servicing the best appliances in the world. Initially founded in 1893 to manufacture farm equipment‚ the company converted its object to specialize
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Article Summary: Emerging Giants Many local companies lost their market shares or sold off their businesses when global or multinational companies from developed markets such as US‚ Germany‚ and Japan got into the emerging markets. However‚ some local companies held out against and exorcised multinationals. In this article‚ the authors instantiate this kind of local companies by explaining that Mahindra & Mahindra in India and Haier Group in China have barraged out their own rivals‚ reset
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Assignment File 37 Assignment 4 Due date: 7 June 2010 Read the case ’ Strategic and Organizational Change at Black & Decker ’ and answer the questions below. Each question carries 25% of the marks for this assignment. Questions How would you characterize Black & Decker ’s international expansion during the 1950s and 1960s? What strategy was the company pursuing? What was the key feature of the international organization structure that Black & Decker operated with at this time? Did Black
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What should the controller of Lexsteel do in order to address the potential problems within the corporation? • The controller became aware of the potential problems with the accounts payable system because of the discussion made with the external auditors. • Each branch manager is given the authority to order materials and issue emergency purchase orders directly to the vendors. • Physical counts of raw materials are not performed since there is a cost-effective computerized perpetual inventory
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Book Overview The book Orbiting the Giant Hairball was written by Gordon MacKenzie in 1996. Originally self-published the book became a business "cult classic". Gordon was an employee of Hallmark Cards for 30 years‚ where he inspired his colleagues to slip the bonds of Corporate Normalcy and rise to “orbit” - to a mode of dreaming‚ daring‚ and doing above and beyond the rubber-stamp confines of the administrative mind-set. As a testament to his career and the level of creativity he maintained
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About Intel Corporation: Intel Corporation is the biggest semiconductor and manufacturer in the world and changes the global marketplace radically. The Intel Corporation was founded and incorporated by Moore and Robert Noyce on 1968. The first PC (personal computer) were developed though the innovation of Intel Microprocessors. Being the pioneer of the microprocessor market had its advantages. The microprocessor market was a relatively new one‚ and barriers to market entry helped Intel become a
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How would you assess the challenge of repositioning the Samsung brand? Samsung‚ in wanting to reposition itself as a high value added preferred products provider from a value‚ or cheap OEM products provider‚ faced many challenges. A big challenge for Samsung was that the Samsung brand was at different stages of development in different country markets – so while in some markets the Samsung brand had high brand recognition and loyalty‚ in some the brand had low awareness. This caused management
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Brother Number 3‚ David Brother number 3‚ David‚ questioned why his father didn’t leave him any money in his will so he could attend college. He wanted to obtain his master’s in business administration (MBA) from Harvard University. He appreciated what his father had left him in his will—one acre of land with a large oak tree on it‚ surrounded by different-colored flowers and blue grass. But how could he use this inheritance to support his wife‚ children‚ and himself‚ coupled with being able to
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Do assessment on Susan’s living environment and avoid any physical barriers‚ especially on the floor. Rationale: It is necessary to keep the living environment safe and tidy to Susan away from walking obstacles such as furnitures and household utensils‚ which will increase the risk of falling to Susan and resulting in hip dislocation due to flexing hip. Susan must not lean forward and downward over 90 degrees and avoid high risk position. Rationale: According to “the 90-degree rule”‚ patient who
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