BACKGROUND Global Financial Corporation (GF) offers financing services for customers purchasing heavy construction equipment from its parent company Global Equipment Company (GEC). GF’s Bakersfield‚ California office is setup to process the loan applications for the western United States. A recently appointed Vice President of GF‚ Nancy Rodriquez‚ is also in charge of managing the Bakersfield office. She has received a memo from the Director of Marketing at GEC with a complaint stating that the
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Marriott Corporation The Cost of Capital Author Student Number 董晖 林桐 吴正浩 祝承懿 Shanghai Advanced Institute of Finance‚ Shanghai Jiao Tong University Table of Contents Background The hurdle rate is the required return or opportunity cost of each division and company. Only project with positive NPV discounted by hurdle rate will be invested‚ and the total return of Marriott up to all projects invested. Though there are many subjective aspects in estimation
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Stryker Corporation Deciding whether to keep outsourcing or in-source PCBs Stryker Corporation has 3 different options regarding the supply of needed PCBs. Option 1: contemplates the fact of keeping the same suppliers but with significant changes in order to assure continuous supply of PCBs and quality. No investment is needed. Option 2: establishing a partner with a single supplier. This way there would be a sole supplier for Stryker established in a new facility near them‚ this would give
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Nuclear Corporation of America was involved in the nuclear instrument and electronics business. In 1964‚ the company’s board of directors opted for new leadership due to suffering several money-losing years and facing bankruptcy. F. Kenneth Iverson was the new leader‚ president‚ and CEO of Nuclear Corporation. F. Kenneth decided that the best way to rebuild the company was to expand around its profitable South Carolina. Iverson was already the head of Vulcraft before adopting Nuclear Corporation. He
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Forthcoming in‚ Jan Fagerberg‚ David Mowery‚ and Richard R. Nelson (editors)‚ Handbook of Innovation‚ Oxford University Press 2004. Abstract This paper undertakes a brief evaluation of the trends in the internationalization of innovative activities. We provide a taxonomy of R&D internationalization strategies‚ and discuss the main relevant theoretical and empirical issues‚ before discussing the centripetal and centrifugal forces underlying the nature and evolution of cross border innovation. We address
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Options The holder of an option has the right to buy‚ or sell‚ a specified commodity or financial instrument‚ at a predetermined price‚ on a specified date (European-type option)‚ or throughout a specified period (American-type option). A key word in the definition is ‘right’. The buyer‚ or holder‚ of the option has no obligation to exercise the option. Therefore‚ an option allows a risk manager to protect the downside of a risk exposure while at the same time leaving open the opportunity to gain
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Questions 1. If Symonds Electronics Inc. were to raise all of the required capital by issuing debt‚ what would the impact be on the firm’s shareholders? The impact on shareholders can be analyzed by calculating the EPS and ROE of the firm under the alternative scenarios as follows: All Debt With $5‚000‚000 Expansion Current Growth in Revenues Revenues EBIT Interest EBT EBT*(1-T) # of shares EPS Debt Equity Debt/Equity Ratio Return on Equity 15‚000‚000 2‚250‚000 0 2‚250‚000 1‚350‚000 1‚000‚000 1.35
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triggered by the 1977 oil crisis would double the price of ice cream. The Tans’ hamburger‚ made to a home-style Philippine recipe developed by Tony’s chef father‚ quickly became a customer favorite. A year later‚ with five stores in metropolitan Manila‚ the family incorporated as Jollibee Foods Corporation. The company’s name came from TTC’s vision of employees working happily and efficiently‚ like bees in a hive. Reflecting a pervasive courtesy in
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Conflict in Organizations Texana Petroleum Corporation Background The Texana Petroleum Corporation is a multi-million dollar company and major producer and marketer of petroleum products located in the southwest United States. Texana has five product divisions: Petroleum Products Division‚ Polymer and Chemicals Division‚ Molded Products Division‚ Packaging Products Division and Building Products Division. The President and Chief Executive Officer‚ Roger Holmes retired in 1993 and was replaced
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401 – BA 701 – F-13661 Salon Air {pbarbaroux ; cgs}@cr-ea.net Abstract. This paper focuses on the development of core capabilities through organizational learning. It insists on the variety of learning types which must be articulated in order to provide organizations with effective core capabilities. Principal illustrations are drawn from the U.S. military education and training initiatives in the context of the Network-Centric Warfare (NCW). Discriminating between various learning and training mechanisms
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