RULING THE SKIES Discuss the nature and strategic relevance of the Air France-KLM merger. Should Air France-KLM create new partnerships or acquisitions? On 5 May 2004‚ despite great opposition of industry experts the French airline Société Air France (Air France) and the Dutch Koninklijke Luchtvaart Maatschappij N.V. (KLM) created the world’s largest airline group by turnover named Air France-KLM. The merger represented the first consolidation of two national flag carriers in the aviation history
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Management Development Workbook 1/S1 - What is Management? At its simplest‚ management can be regarded as the skilful use of resources. H Fayol 1916 – To manage is to forecast and plan‚ to command‚ to co-ordinate and to control EFL Brech 1957 – Management is a social process which consists of planning‚ control‚ co-ordination and motivation Koontz & O’Donnell 1976 – Managing is an operation process initially best dissected by analysing the managerial functions. The essential managerial
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Why do most mergers and acquisitions (M&A) fail to create value for the acquirer ’s shareholders? What are the main reasons in your opinion? Identify the difference between a good company and a good investment Most of publicly traded companies’ mergers destroy value for buy-side shareholders and at the same time sellers are compensated with premiums1. The same opinion is stated in one of the most quoted book about valuation and creating value: most of M&A deals don’t create value for buyers2
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Technology is an amazing and helpful addition to our life‚ improving by leaps and bounds in the recent decades‚ mainly during the Information Age. From the development of the Internet in the 1960s‚ to the soup of Wi-Fi connections everywhere around us that enable us to connect to the Internet wirelessly‚ this marks a great milestone in technological history. However‚ with such enormous advancements in technology‚ some of us have questioned that our privacy has quickly become a thing of the past due
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research-based pharmaceutical and healthcare companies. Headquartered in the UK‚ it is a global organization with offices in over 100 countries including Pakistan.GSK Pakistan Limited was created on January 1st 2000 through the merger of SmithKline Beecham (Pakistan) and Glaxo Wellcome (Pakistan) and it stands as the largest pharmaceutical company in Pakistan today. “We have a challenging and inspiring mission: to improve the quality of human life by enabling people to do more‚ feel better and live longer
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PROJECT REPORT ON WORKING CAPITAL MANAGEMENT WITH SPECIAL EMPHASIS ON VARIOUS TECHNIQUES OF INVENTORY CONTROL [pic] A training report submitted in partial fulfillment of the requirement for the degree Of MASTERS OF BUSINESS ADMINISTRATION (2010-2012) SUBMITTED TO: SUBMITTED BY:
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placed companies like Abbot‚ Cyanamid‚ Pfizer‚ Sandoz‚ Squibb and Roche in a privileged position. Well-positioned competitors in the antibiotic arena include Smith Kline‚ Wyeth Squibb‚ Sandoz‚ Pfizer and Wellcome. Seprtan‚ Amoxil and Ampiclox are three largest selling products in Pakistan. Wellcome produces Septran‚ whereas the other two are Beecham’s products. The sales of each of these three products are approximately $6 million to $9 million‚ larger than the total sales of many medium sized companies
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List of Graphs [pic] Figure 1: Analysis of Sales Revenue 2010 9 Figure 2: Analysis of Sales Revenue 2011 10 Figure 3: Analysis of Sales Revenue 2012 10 Figure 4: Current ratio 16 Figure 5: Acid/Test Quick Ratio 17 Figure 6: Profit margin Ratio 18 Figure 7: Asset turnover 19 Figure 8: return on asset 19 Figure 9: Return on shareholders equity 20 Figure 10: Earning per share (EPS) 21 Figure 11: Price/Earning (P/E) ratio 22 Figure 12: Price/Equity ratio 22 Figure 13:
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This case describes the reorganization of drug discovery at GlaxoSmithKline (GSK) following the formation of GSK from the merger of Glaxo Wellcome and SmithKline Beecham. This reorganization placed nearly 2‚000 research scientists into six centers of excellence in drug discovery (CEDD). Each CEDD focused on a small set of therapeutic areas and possessed decision rights over the progression of pharmaceutical compounds through the early stages of development. It addresses issues about the benefits
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Horlicks Taller Sharper and Stronger “Horlicks Marketing Strategy” Horlicks‚ a GlaxoSmithkilne Consumer Healthcare India Limited‚ owned drink‚ which caters to the nutritional needs of the Indian diet has been a popular brand in the Indian market since 1930s leading with a market share of over 50% in the Food Drink segment. Horlicks marketing strategy has been health oriented. This leading health food drink in India underwent a revamp in the year 2003 offers a ‘pleasurable nourishment’ with
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