Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law‚ but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation‚ and creditors may look only to the assets of the corporation to
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liability of the shareholders. However‚ under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers‚ directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith‚ they usually will
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Cirque du Soleil’s creative art form incorporates music and acrobatic performances to entertain people all over the world. Allowing employees the freedom and responsibility to be creative in their art and develop a brand that encourages customer loyalty is their business strategy. Cirque’s biggest problem is employees are given too much control over artistic development and input regarding the direction of the business. Artists frown upon customers’ feedback‚ however Cirque wants customers to
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BEST PRACTICE Early adopters of customer relationship management systems were often disappointed by high costs and elusive benefits. Now some companies are reaping strong returns on their CRM investments. CRM Done Right by Darrell K. Rigby and Dianne Ledingham T HROUGH THE LATE 1990S a n d illtO 2000‚ managers plowed millions of dollars into information systems meant to track and strengthen customer relationships. Often built around complex software packages‚ these customer relationship
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such‚ rivalry is commonplace amongst traditional circuses where much of the competition is based on lowering ticket prices and production costs. However‚ the Porter’s Five Forces analysis on a traditional circus is not applicable when examining Cirque Du Soleil‚ which truly captures the essence of its slogan “We Reinvent the Circus.” Cirque has been a disruptive innovator in creating a new market for the circus industry by deviating from the boundaries of a traditional circus. At the time of the case
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The Birth of Amul The Kaira District Cooperative Milk Producers’ Union Limited was registered on December 14‚ 1946 as a response to exploitation of marginal milk producers by traders or agents of existing dairies in the small town named Anand (in Kaira District of Gujarat). Milk Producers had to travel long distances to deliver milk to the only dairy‚ the Polson Dairy in Anand. Often milk went sour as producers had to physically carry the milk in individual containers‚ especially in the summer
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Birth Order It is a commonly known fact that not all children are the same‚ not even close. But at the same time‚ children follow distinct patterns based on where they are in their family ’s birth order. The only child‚ the first child‚ the middle‚ and the last all have distinct traits that can fit into each family. Not every child fits into every single characteristic‚ but virtually everyone can relate in some way or another. Many psychologists have argued that birth order is nothing but a
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The Common Difference’s of Elitism Vs. Nationalism The often fierce ideological exchanges between Marcus Garvey and W.E.B. Du Bois are interesting‚ not as much because of the eloquence of their expression‚ as because of the fact that although outwardly contradictory‚ these ideologies were often unified at their foundation. This unity was not simply in terms of the broad and obvious intent to better the conditions of “black folk”‚ it was in terms of the very details that defined the trajectory and
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The Birth of Freedom Just recently we celebrated the Sesquicentennial of the Civil War‚ a milestone in civil rights. We decided to base our National History Day Exhibit on this milestone‚ more specifically the Emancipation Proclamation. The Emancipation Proclamation is important to us because we ourselves would be considered a minority in a new nation. During the creation of the new nation our ancestors probably faced a difficult society unlike their own. The battle for civil rights lasted more
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wonderful acrobatic show that was based around the legendary band The Beatles. The show was mesmerizing and absolutely stunning‚ it in captured my heart and changed me forever. This show was called Love (CHANGE SLIDE) and was run by Cirque du Soleil. Cirque du Soleil is a Canadian entertainment company‚ self-described as a "dramatic mix of circus arts and street entertainment." Based in Montreal‚ Quebec‚ Canada‚ (CHANGE SLIDE) and located in the inner-city area of Saint-Michel‚ it was founded in
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