Case 4: Progressive Corporation 1. How has Progressive’s strategy evolved over time? Is it sustainable? Answer: Progressive began in 1937 by Joseph Lewis and Jack Green‚ and over the years‚ it became the number three player in the US private passenger auto insurance industry through competitive pricing and by continuously improving our products and services. Progressive’s customer value proposition was “Fast‚ Fair Better”. The Progressive was constantly looking for ways to provide insurance to
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Case 06-65 The Minnetonka Corporation The Minnetonka Corporation‚ which produces and sells to wholesalers a highly successful line of water skis‚ has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis. After considerable research‚ the cross-country ski line has been developed. Because of the conservative nature of the company management‚ however‚ Minnetonka’s president has decided to introduce only one type of the new
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Solution: i. Establishment of estimated growth rate in earnings and dividends. XYZ Company’s current EPS is $4.75. It was $3.90 a year ago. The company pays out 35% of its earnings as dividends‚ and the stock sells for $45. a. Calculate the past growth rate in earnings. b. Calculate the next expected dividend. Assume that the past growth rate will continue Answer: If payout ratio is constant‚ then dividend growth rate will be same as earnings growth rate. a) dividend growth rate over
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. . . ~ \ oR’ ~?’;;’;’--~’~~C - 2.5 DiverseIdentities in Organizations STEL LA M. NKOMO AND TAYLOR In the last few years with the release of the Workforce 2000 Report and other publications predicting a more diverse workforce in the United States and throughout the wor1d (Fullerton 1991; Johnston and Packer 1987; JohnstaD 1991)‚ diversity bas gained currency as a topic in the study of organizations. The most attention bas come from practitioners interested in how to ’manage diversity’
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UV5319 May 10‚ 2010 B CORPORATION: A NEW SUSTAINABLE BUSINESS MODEL “We envision a new sector of the economy which harnesses the power of private enterprise to create public benefit.” —B Lab‚ “Declaration of Interdependence‚” 2010 Introduction Jay Coen Gilbert and Bart Houlahan were friends as undergraduates at Stanford University. In 1993‚ a few years after graduation‚ they helped start the basketball shoe and apparel company AND1. As the company grew‚ cofounder Gilbert and president
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It’s me‚ Charlotte. The 1996 Presidential Election was two days ago. The Democrat nominee Bill Clinton‚ won his second term. His Vice President candidate is Al Gore. He beat the Republican Bob Dole and Jack Kemp. Kemp is Dole’s Vice President candidate. Although Clinton got 379 electoral votes and Dole got 159 electoral votes‚ the popular vote looks much closer. Clinton got about forty-seven million votes and Dole got about thirty-nine million votes. I think that it is great that lots of people went
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Drypers Corporation National Television Advertising Campaign 1. Problem definition What are the questions to be decided? Drypers Corporation’s senior executives were discussing about spending 10 million dollars which will increase 33% in the company’s combined advertising and promotion budget on national television advertising in 1998. What are the objectives/goals? 1) Increase penetration of grocery outlets 2) Increase grocery penetration will help increase mass merchants see us in
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of 1. Technology‚ 2. Capital investment‚ 3. Economy of scale in manufacturing‚ and 4. Brand reputation in specific market segments & product categories. Barriers to Entry (Technology/Capital Investment): Per the data given in the case study (Pg 3‚ Para 3)‚ typically it required 2-4 years for a team of 4-6 engineers to develop a new tool. This also needed approx. $200‚000-$700‚000 per year investment in R&D and $250‚000-$700‚000 in tooling. Therefore it can be concluded that having
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Corporation by-Laws ARTICLE I Offices 1.1 Registered Office and Registered Agent: The registered office of the corporation shall be the same as listed on the articles of incorporation and at such place as may be fixed from time to time by the Board of Directors upon filing of such notices as may be required by law‚ and the registered agent shall have a business office
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The negative effects of urbanisation outweigh the positive. To what extent do you agree with this statement? About urbanisation‚ maybe different academic circles have different perceive‚ they depends their specialized characteristics to definition. But in general condition‚ urbanisation likely the increase in the proportion of people living in towns and cities. And the definition of urbanisation is ‘Urbanisation is the process by which large numbers of people become permanently concentrated in
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