THE MERIT CORPORATION Family-owned and -operated for three generations‚ the Merit Corporation manufactured and sold children’s furniture. John Kirschner‚ Merit’s CEO and grandson of the company’s founder‚ was actively involved with every aspect of the firm’s operations. Now‚ as he was considering early retirement in the next few years‚ he began to think about his legacy for the future. Merit’s headquarters and the biggest of its three manufacturing plants were located in an industrial park 10 miles
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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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modern times the concept CSR incorporates and strives to explain and clarify numerous co related and uncorrelated issues peculiarly‚ particularly or especially pertinent to SOCIAL and environmental interests and welfare‚ keeping in full view the financial interests and benefits of the shareholders. Responsibility has more or less taken the shape of accountability and obligation. Business ethics has also been brought into the arena of corporate social responsibility. Infact an ethical business performance
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Officers and Senior Financial Officers‚ and information concerning our directors‚ Committees of the Board‚ including Committee charters‚ and transactions in Polo securities by directors and executive officers‚ is available at our website under the captions “Corporate Governance” and “SEC Filings”. Paper copies of these filings and corporate governance documents are available to stockholders without charge by written request to Investor Relations‚ Polo Ralph Lauren Corporation‚ 650 Madison Avenue
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KINH DO CORPORATION I. Introduction Kinh Do Corporation is Vietnam’s largest confectionary company by both sales and production value. The company was founded in 1993 by a small group of entrepreneurs in Ho Chi Minh City‚ Vietnam; beginning as a snack company. Kinh Do sucesses on snack products opened a new opportunity with the strategy of diversifying product portfolio and affirmed the quality of a Vietnam brand. From a small production facility with sales of only 10 billion in 1993‚ Kinh Do has
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The Corporation: A Book Review Joel Bakan’s book‚ The Corporation: the Pathological Pursuit of Profit and Power‚ is a decisive look into the mind of the corporation‚ or big business. It outlines the importance of profit in business and how ruthless corporations are willing to be in order to bring in substantial revenue. The book uses a historical timeframe to portray the ruthlessness of business ever since the idea of the corporation arose in the 17th century. It provides an insight into a world
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Business Strategy Assignment This essay will follow the course of identifying the key areas of the core competency theory that the article entitled ‘The Core Competence of the Corporation ’‚ written by Prahalad and Hamel‚ explores as well as positioning the concepts in the wider debate of theory‚ comparing and contrasting with other ideas from strategic theory. Secondly‚ this piece will look at some underlying assumptions of the business world that the article formulates when looking upon its
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“Hershey Foods Corporation” History: Milton Hershey’s love for candy making began with a childhood apprenticeship under candy maker Joe Royer of Lancaster‚ Pennsylvania. Mr. Hershey was eager to own a candy-making business. By 1901‚ the chocolate Industry in America was growing rapidly. Hershey’s sales reached $662‚000 that year‚ creating the need for a new factory. Mr. Hershey moved his company to Derry Church‚ Pennsylvania‚ a town that was renamed Hershey in 1906. The new Hershey factory provided
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A. The situation involving Galena Medical Corporation has many stakeholders involved. One of the most important stakeholders in this situation is Sam Farr. Sam Farr is the president‚ founder‚ and majority owner. As majority owner he holds 51% of the stock. Jill Hutton is another significant stakeholder in this situation in which she holds 40% of the stock. Both Sam and Jill are the prominent stakeholders because if Jill is able to purchase more shares or increase her voting power Sam will risk
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Modern day corporations display every one of the previously listed characteristics. Is it right that an institution‚ whose power now rivals that of the State that once created it to seek the better welfare of its citizens‚ display the psychological traits of a dangerous personality disorder? Many say no: there is a rising discomfort with the corporation and its pervasion into every sphere of human life and it is this uneasiness that has prompted many academics to further study the corporation and its
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