VALUE DRIVERS: Quality: Total quality control is carried out using two basic principles: quality is built in at every stage and quality is continually improved. [2] Toyota has launched‚ unannounced‚ several low-profile initiatives‚ including a global computer data base to track vehicle repairs and cut reporting times about customer complaints from months to days [1] No matter where Toyota vehicles are made‚ they must have the same high level of quality. Toyota doesn’t put a label on vehicles
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[Abstract] This paper firstly gives the concept of fair value and its application environment‚ and then analyzes the fair value in the new standards specifically. Finally in combination with the concrete background in China‚ we put forward some advices on the carrying out of the fair value in the accounting practice. [Key words] Fair Value; China new accounting standard Since January 1‚ 2007‚ the China new accounting standards will become mandatory for listed Chinese enterprises. The adoption
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the value of standing timberlands. Under US GAAP‚ standing timber is accounted for on a historical cost basis. On the other hand‚ the relevant accounting guidance under IFRS specified that agricultural crops (including standing timber) be valued at their fair market value less estimated harvesting costs at the end of each quarter. If the fair value of standing timber changed during the accounting period‚ several differences will incur between the treatment under US GAAP and IFRS. If the fair value
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Characteristics of Knowledge and Value Centered Managers Ten characteristics that I thought were necessary for an effective manager are: 1. Leadership - knowledge 2. Vision - value 3. Organization - value 4. Adaptability - knowledge 5. Motivation - knowledge 6. Quality - value 7. Strategic - knowledge 8. Satisfied - value 9. Flexible - value 10. Purpose – value In 200 to 300 words‚ each characteristic adds value to the organization in a number of ways
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of a Knowledge- and Value-Centered Manager 10 characteristics necessary for an effective manager: Vision- knowledge centered Ability to motivate- value centered Efficiency- knowledge centered Organization- knowledge centered Control- knowledge centered Ability to plan- knowledge centered Positive attitude- value centered Sense perspective- value centered Respect- value centered Trust- value centered All of these characteristics add value for an effective manager. The first one is vision;
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Characteristics of a Knowledge and Value Centered Manager A knowledge and value centered manager is grounded in sound and accurate knowledge of the various themes that have developed throughout the history of management along with a commitment to values and ethical practice (Kettner‚ 2002). Any manager/supervisor/administrator in any field can be knowledge and value centered. Therefore I have assembled a list of characteristics that can be applied to great leadership in all fields and walks
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Does Fair Value Accounting for Non-Financial Assets Pass the Market Test? Hans B. Christensen and Valeri V. Nikolaev The University of Chicago Booth School of Business 5807 South Woodlawn Avenue Chicago‚ IL 60637 Abstract: The choice between fair value and historical cost accounting is the subject of longstanding controversy among accounting academics and regulators. Nevertheless‚ the market based evidence on this subject is very limited. We study the choice of fair value versus historical
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Fair or Not Fair As once said by Nelson Mandela “A good leader can engage in a debate frankly and thoroughly‚ knowing that at the end he and the other side must be closer‚ and thus emerge stronger. You don’t have that idea when you are arrogant‚ superficial‚ and uninformed.” Only when you meet that criteria can you be considered a good leader‚ however in Sophocles’ book Antigone once a crime has been committed not only is the guilty killer put on trial but whether or not Creon is a good leader is
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2.1 Strategic Cost Management and the Value Chain Introduction This article by John K. Shank and Vijay Govindarajan discuss in depth on the Strategic Cost Management (SCG) and the Value Chain concept applied in real world situation from the airline industry. The Value Chain concept is divided into two (2) main strategies which are the Low-Cost Strategy and Differentiation Strategy. From the article also‚ Shank and Govindasamy stated that the primary focus of a low cost strategy is to achieve the
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Developing value Value- good quality at a fair price Total product offer – everything consumers evaluate when deciding weather to buy something Product differentiation – the creation of real or perceived product differences Convenience goods and services – products consumers purchase frequently with minimal effort. Shopping goods and services – products consumer buy only after comparing values and quality Specialty goods and services – products with unique characteristics and brand identify
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