Executive Officer (CEO)‚ Michael J. Koss‚ the founder’s son‚ and his family directly or indirectly own in excess of 70 percent of the company’s 851‚000 shares. A $34 million embezzlement of cash from the Koss Corp. occurred over a 12 year period from 1997 through December 2009. The Koss Corp. received an unqualified opinion on its financial statements as of June 30‚ 2009 and 2008 (as well as in prior years) by a Big Five auditing firm. The audit did include consideration of internal control over financial
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Question 1: What is your analysis of the structure of the portable electric tool industry? Has it been structurally attractive? Degree of Competitive forces in the Portable Electric Power Tool industry (Structural Analysis) Barriers to Entry: High The major barriers to entry in this industry were found in terms of 1. Technology‚ 2. Capital investment‚ 3. Economy of scale in manufacturing‚ and 4. Brand reputation in specific market segments & product categories. Barriers
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LAMOIYAN CORPORATION THE COMPANY Lamoiyan Corporation is the first Filipino company to succeed in penetrating the local toothpaste industry‚ long dominated by multinationals‚ with their own brand of toothpaste‚ Hapee. Since their formal inauguration in March‚ 1988‚ they were able to maintain a consistent quality standard on their toothpaste. Because of this‚ they have become patronized and loved by the Filipino nationwide. THE PRODUCTS They provide a variety of quality products for oral
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“Splash Corporation (A): Competing with the Big Brands” Problem: Splash Corporation (Splash) is a leading producer of skin care and hair care products in the Philippines. Founded in 1985‚ Splash was now the country’s leading domestic producer of personal care products and was billed as “the next Unilever” by BizNews Asia magazine (page 5). However‚ competing with the top corporations in the world was no easy task‚ especially when these companies were producing low-cost alternative products. Splash
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Running Head Reengineering the Corporation Reengineering the Corporation In the book “Reengineering the Corporation”‚ Hammer and Champy create a new frame of managerial relations and organizational bureaucracy. The authors address such important problems as impact of technology on business environment‚ new labor relations and organizational structures affected a modern corporation. The book consists of 13 chapters and an Epilogue discussing different problems and issue of modern organizational
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Target Corporation American Business History SS 304-03 Target Corporation is a growth company focused exclusively on general merchandise retailing. Their principal operating strategy is to provide exceptional value to American consumers through multiple retail formats ranging from upscale discount and moderate-priced to full-service department stores. (Target Corporation Company‚ n.d.). Its founder George D Dayton‚ a banker and real estate investor became a partner in Goodfellows Dry Goods
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In the duration of one year‚ 1968‚ the American national mood shifted from general confidence and optimism to chaotic confusion. Certainly the most turbulent twelve months of the post-WWII period and arguably one of the most disturbing episodes the country has endured since the Civil War‚ 1968 offers the world a glimpse into the tumultuous workings of a revolution. Although the entire epoch of the 1960’s remains significant in US history‚ 1968 stands alone as the pivotal year of the decade; it
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Abstract This paper discusses FedEx Corporation and details the linkage between the business strategy‚ workforce strategy and HR strategy that has been adopted by the company. The paper also lays emphasis on the comparative advantage of FedEx Corporation due to its commitment in making differentiation as competitive advantage and the unique way it has positioned itself on the world map of parcel or small packages service providers. Again‚ the paper has also highlighted the way the whole workforce
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Kmart Corporation Calandra Kimbrough BUS 692 Strategies in Human Resource Management Dr. Lao January 21‚ 2013 Kmart is an American chain of discount stores headquartered in the United States. The chain purchased Sears in 2005‚ forming a new corporation under the name Sears Holdings Corporation. Increasing productivity is one of the most critical goals in organizations such as Kmart. In this paper I will be assessing the technology requirements relevant to employee productivity‚ staffing systems
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CASE – 3 Corwin Corporation By June 1983‚ Corwin Corporation had grown into a $150 million per year corporation with an international reputation for manufacturing low-cost‚ high-quality rubber components. Corwin maintained more than a dozen different product lines‚ all of which were sold as off-the-shelf items in department stores‚ hardware stores‚ and automotive parts distributors. The name Corwin was now synonymous with "quality." This provided management with the luxury of having products that
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