HBR Case #1 Marriott Corporation: The Cost of Capital Group 16—Tutorial Mon 11:30am Group members LIU Ying‚ Chloe | 1155019350 | LUO Yingying‚ Irika | 1155020931 | TIAN Tian‚ Sarah | 1155019114 | WU Jiajie‚ Jesse | 1155019061 | 17 September 2012 Executive Summary By 1987‚ Marriott Corporation had grown into a large multi-dimensional company with over $5 billion assets in lodging‚ contract services and restaurants. The company enjoyed fast growth in both sales and assets at around
Premium Weighted average cost of capital Debt
understandable by its intended recipient. Otherwise the communication is wasted and a business could suffer. The best channels than can be used to have an efficient and effective business in this case are face-to-face communication‚ teleconferencing and written communication. Firstly‚ face-to-face communication can enhance effectiveness of meetings. When there’s an issue that requires a decision‚ you’re able to reach a consensus more quickly. Also‚ when there are many people in a meeting‚ there’s
Free Communication Writing
Sheet1 Marriott Cost of Capital Lodging Division Tax Rate 0.44 Equity Beta D/D+S Lodging Hilton Holiday La Quinta Ramada Average 0.76 1.35 0.89 1.36 1.09 14% 79% 69% 65% 0.5675 S/D+S 86% 21% 31% 35% 0.4325 D/S Unlevered Beta 0.16 3.76 2.23 1.86 2.00 0.65 0.28 0.28 0.48 0.42 Target D/D+S Target D/S Levered Beta 74% 2.85 1.62 Costs of Equity: Rf Lodging MRP 8.95% 7.43% Beta Requity 1.62 21.02% Costs of Debt: Rf Lodging 8.95% Spread Tax rate Rdebt(1-T) 1.10% 0.44 0.0563 WACCs: Lodging
Premium Progressive tax
not get that much return as they expected. Rhonda Kallman‚ Vice President of Sales‚ said “an additional 2% growth in Samuel Adams is more than six times what we are doing in light beer.” This phrase tells us that they are better not to invest in light beer because it is very unprofitable for the company. Also‚ if we looked at exhibit 2‚ the sales of Boston lightship were decreasing gradually from 1992 to 1997. 2. I agree with the HBS team recommendation. I think Amstel Light was very successful
Premium Target market Energy Beer
There were many interesting facts in the Upfront Magazine “The New Face of America.” The first one I found was that other races outnumber caucasian races‚ “The Census Bureau announced last spring that minority births-Hispanic‚ black Asian‚ American Indian‚ Native Hawaiian‚ Pacific Islander‚ and Alaska Native-now outnumber those of non-Hispanic whites.” Living in a region with dominantly white people‚ I didn’t realize that we made up less than half of our country’s population. Another interesting
Premium United States Immigration to the United States Immigration
Social Time: The Heartbeat of Culture There is an old saying “Do in Rome as Rome does” meaning that you should follow the local tradition once you have been there. However‚ since the pace of life and perception of time are also elements of tradition‚ how could you follow the local pace correctly without listening to the “local drummer”? So‚ it makes a lot of sense to research the difference among kinds of perception of time in different cities or countries. If we discuss further‚ what is the underlying
Premium Culture Sichuan Time
Changing Jobs and Changing Loyalties Cynthia Martinez was thrilled when she first received the job offer from David Newhoff at Crytex System. She had long admired Crytex‚ both as an industry leader and as an ideal employer‚ and the position the company was offering her was perfect. “ It’s just what I’ve always wanted‚” she told her husband‚ Tom‚ as they uncorked a bottle of champagne. But as she and Tom talked‚ he raised a few questions that began to trouble her. “What about the big project
Premium Morality Ethics Immanuel Kant
the many) are taking the internet by storm. From this‚ the question rises as to whether or not this instant access is beneficial to the social good of teens and adults everywhere‚ or does it hinder the actual ability to connect on a level that’s face-to-face‚ versus interface. Regardless to internet being a very beneficial place for some things such as getting fast news updates and staying in touch with family and friends‚ it can also be seen as a distraction from real-world‚ real-life things. Some
Premium World Wide Web Interpersonal relationship Massively multiplayer online game
B.A. (Hons) Post Compulsory Education and Training Preparing for the Programme - Part 2 Reading B This paper reviews chapter 2 from The Changing Face of Further Education: Lifelong Learning‚ Inclusion and Community Values in Further Education (Hyland‚ T and Merrill‚ B (2003)). I will address the questions "Lifelong learning what is it? and who is it for?" and add my own thoughts and questions. Lifelong Learning The term lifelong learning’‚ indicates that learning does not stop at
Premium Educational psychology Education Learning
On 10/10/16 I received a email with interview documentation for Ora Melissa Brown from Monica Kelley‚ CCI Investigator. Monica conducted a face to face interview on 10/3/2016 at the operation. Ms. Brown had stated that the child was playing in centers at the time of the incident. Ariel the teacher grabbed the child on the arm to take her to time out. The child did not want to go and threw her body back. When the child threw her body back‚ the teacher kept ahold of her arm to prevent the child from
Premium Family Psychology Developmental psychology