for the management and the other for public. The PW report highlighted significant misstatements as regards to the financial reports: example of the net assets overstatements. 4. Bad financial management: fraud ? ALPHATEC ELECTRONICS PLC. CASE STUDY Low transparency: employees were not informed of the financial situation Disconnection between the BoD and the operations: Charn was the only one allowed to interact with directors‚ and because of their lack of knowledge in electronic
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HKU833 STEPHEN KO AIRASIA: FLYING LOW-COST WITH HIGH HOPES AirAsia started out as a Malaysian government-controlled‚ full-service regional airline that offered slightly lower fares than its number-one competitor‚ Malaysia Airlines (“MAS”). In December 2001‚ private entrepreneur Tony Fernandes took over the debt-ridden airline for the symbolic sum of US$0.26. Despite the air-travel downturn following the 11 September 2001 terrorist attacks‚ Fernandes believed that the timing for entering
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Long Case Study – Case #12 Google’s Strategy in 2010 Google’s mission statement is: “Our mission is to organize the world’s information and make it universally accessible and useful.” The biggest management issues that we could see in this case were that Google’s management was pushing too hard its employees to keep its huge growth rates and forgot a little bit about its initial motto‚ which was “make money without doing evil”. Also‚ it was proved that Google helped the Chinese government
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Microsoft Antitrust Case Did Microsoft violated the Antitrust Law? Microsoft Antitrust Case Introduction: Microsoft was formed in 1975 by a university drop out in his junior year called Bill Gates. Bill Gates has been successful to achieve the company’s vision‚ “we want PC on every desk in every home and office”. Microsoft which is a massive company today was only a small company in 1983. It headquarters contained only a small building next to the Burgermaster in Bellevue and another
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Case Study: Human Performance: Retronics Alderfer. C.P. 1969‚ An empirical test of a new theory of human needs‚ Organizational Behavior and Human Performance‚ 4‚ 142-175. Amason‚ A.C‚ Hochwater‚ W.A.‚ Thompson‚ K.R & Harrison‚ A.W. 1995‚ ‘Conflict: an important dimension in successful management teams’‚ Organisational Dynamics‚ vol. 24‚ no 2‚ pp. 20 – 35. Bandura A. 1997‚ Self-efficacy: the exercise of control‚ Freeman‚ New York. Bandura‚ A. 1977‚ ’Self-efficacy: towards a unifying
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WOULD BANNING FIREARMS REDUCE MURDER AND SUICIDE? A REVIEW OF INTERNATIONAL AND SOME DOMESTIC EVIDENCE DON B. KATES* AND GARY MAUSER** INTRODUCTION ............................................................650 I. VIOLENCE: THE DECISIVENESS OF SOCIAL FACTORS ...................................................660 II. ASKING THE WRONG QUESTION ..........................662 III. DO ORDINARY PEOPLE MURDER?........................665 IV. MORE GUNS‚ LESS CRIME?.................................
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4357 OCTOBER 24‚ 2011 CHRISTOPHER A. BARTLETT ARAR HAN Levendary Café: The China Challenge Levendary Café was spun out from private equity ownership in January 2011‚ and the following month‚ Mia Foster was named as its new CEO. The departing CEO‚ Howard Leventhal‚ was the beloved founder of the popular chain of 3‚500 cafés. He had grown a small Denver soup‚ salad‚ and sandwich restaurant into a $10 billion business‚ but after 32 years was moving on to new interests. This was Foster’s first
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JetBlue Airways IPO Valuation Background Started in 1999 with the promise to “bring humanity to air travel‚” JetBlue entered the “Discount Fare Airlines” to join the likes of Southwest‚ ATA‚ Frontier and others (Bruner 2002). With a strong and experienced management team‚ having Continental Airlines’ former vice-president as president and COO‚ and Southwest Airlines’ former executive vice-president and treasurer as CFO‚ David Neeleman believed that his new airline would thrive. Neeleman built
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Metapath was a hi-tech company providing software products for wireless carriers. It had a revenue of 22 million and was emerging as the premier company in its market space. The ultimate goal of the founder‚ Hansen‚ was to see the Metapath go IPO in two years. However‚ this company confronted two main obstacles for that goal: concentrated customers and fluctuant quarterly revenues. To expand his business and also solve these problems‚ Hansen need to again raise more money. Like most of the software
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assumed risk free rate and VW market return‚ the market risk premium was assumed to be 9.37%. Asset betas were calculated using linear regression models plotting monthly market returns against individual assets returns. AHC has a short trading period (IPO in 1997)‚ thus‚ available data does not satisfy requirements. To calculate beta‚ comparables calculated average betas for both discount brokerages and Internet industries‚ resulting in a project beta of 2.045. Using CAPM and the above inputs‚ the cost
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