Harvard Business School 9-289-047 Rev. April 1‚ 1998 Marriott Corporation: The Cost of Capital (Abridged) In April 1988‚ Dan Cohrs‚ vice president of project finance at the Marriott Corporation‚ was preparing his annual recommendations for the hurdle rates at each of the firm’s three divisions.部门 要求报酬率 Investment projects at Marriott were selected by discounting the appropriate cash flows by the appropriate hurdle rate for each division. In 1987‚ Marriott’s sales grew by 24% and its return on equity
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Matt and Caroline are a young couple from Tennessee just out of college and ready for the next chapter of their life. Matt is a part-time landscape photographer that travels many miles to and from his college town of Knoxville to capture the unspoiled scenery of the Great Smoky Mountains. In her spare time‚ Caroline visits historic home sites in the foothills of the mountains to inspire her free-lance writing. Like most couples starting out‚ Matt and Caroline are looking to purchase their first home
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Appex Corporation Under the leadership of Shikhar Ghosh‚ Appex Corporation has undergone several significant structural changes in order to cater to its rapid growth in the past three years. Each of these structural changes just generally improved the operating performance of Appex Corporation for a short period of time‚ ultimately each different structure has generated a new set of barriers and problems that constrained the innovation‚ performance and growth of the company. Based on the changes
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The story of Matt Keiser lesson correlates very much so with my life in many different ways. The lesson of the story is to not have other people to decide what your personality is. When I first came to Sartell many people thought that I was shy‚different and non outgoing. I was in 3rd grade when I came to Sartell it was a fresh start for me and my family. My old school in Iowa was very different than in Sartell. I knew who I was as a person in Iowa now it felt like a restart. In my class different
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Congoleum Corporation Executive Summary In valuing the target company Congoleum after an LBO by First Boston found the expected free cash flows generated by this firm from 1980 to 1984. These numbers were based on values provided in the case. From there‚ we employed the Adjusted Present Value method to discount these cash flows because we assumed that Congoleum was varying its Debt to Equity ratio during those years. We discounted these cash flows by the required return on assets that was in
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and value proposition have evidently helped build the company into one of the leading retailers today. Strategic Planning “Financial success often depends on marketing ability” (Kotler & Keller‚ 2009). Nothing could be truer in Target’s case. From its humble beginnings in Roseville‚ Minnesota‚ the company has grown into one of the largest retailers in the U.S. through organic growth and strategic acquisitions. Target differentiates itself from competitors by providing customers with high-quality
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SUMMARY OF THE CASE This case discussed on the issue of choosing the most suitable performance measurement for MarineCorp Sdn. Bhd. and SURIA group of companies. MarineCorp is a wholly-owned subsidiary of SURIA group of companies. MarineCorp was the maritime solutions provider for SURIA; it regulates and enforces the Group’s policy on maritime activities‚ especially the vessel inspection and vetting on the vessels under SURIA. The company has two subsidiaries; the first one is Green Port Sdn. Bhd
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airmen in a way that civilian clergy cannot.” As military chaplains live with the soldiers while on deployment and on bases‚ the chaplain corps has a unique opportunity to minister to the men and women of the service branches. Chaplains assist soldiers with counseling‚ leading religious services and keeping morale up. Since the conception of the Army Chaplain Corps certain times of struggle have brought controversy‚ however‚ the chaplains continue to lead others in their spiritual walk. With the stresses
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McDonald’s Corporation 1.0 Introduction of the company McDonald’s is the world’s largest chain of fast food restaurants‚ serving 69 million customers daily. Since its founding in 1948‚ McDonald’s has grown from a family burger stand to a global fast-food behemoth operating more than 34‚000 local restaurants in 119 countries. 80% of the restaurants are owned and run by independent local men and women as the result of franchising. McDonald’s is known as a sign of globalization‚ as it operates all
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Ryan R. Montenid November 15‚ 2014 Strategic Management Dr. Gloria Chavez Building Competitive Advantage through Functional-Level Strategies: Xerox Corporation 1. Identify how the changes that Xerox undertook after 1980‚ helped the company to improve its efficiency‚ quality‚ innovation and customer responsiveness. Xerox underwent series of improvement after its 1980 downfall. First‚ Xerox had changed its waste management by decreasing the number of defective products and
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