1. Describe clearly the accounting changes Harnischfeger made in 1984 as stated in Note 2 of its financial statements. • Harnischfeger included net sales figure from Kobe Steel Ltd. Previously‚ only net gross margin generated from transactions with Kobe Steel Ltd was included. As a result‚ net sales figure increased by $28 million. • Harnischfeger incorporated certain foreign subsidiaries’ financial statements with fiscal year ending 31st July. The adjustment resulted in a net sales figure increase
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leadership assessment taken during this course‚ I would be characterized as Transformational-Servant Leader. Per the leadership assessment‚ the characteristics of a transformative leader are charismatic‚ inspirational‚ a role model‚ and an enabler. The leadership styles presentation viewed during the course describes a transformative leader as one who strives to develop shared visions. A transformative leader inspires others toward change and partners with others to obtain commitment. They are supportive
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Eli Lilly and Company Organizational Structure Eli Lilly and Company has been in the pharmaceutical business for a long time and has undergone a variety of changes and re-organizations in its management style. This had to happen for the company to grow and expand from a small company in Indiana‚ to the global Fortune 500 Company it is today! Starting out‚ Eli Lilly was clearly a bureaucracy‚ being a small company and not having many employees. As it grew‚ its management had to change. In the
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XYZ‚ Inc.‚ International Store Opening and Change Model Used Around the world‚ retail business has been in demand for quite some time. Therefore‚ expansions and changes due to technology are developed daily to help innovate and maintain the competition worldwide. These changes help prepare the retail business to be successful‚ to operate smoothly‚ effectively and efficiently. This paper will tell how being an executive of XYZ‚ Inc.‚ a high-end retail chain that sells luxury watches‚ jewelry
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Quality Management Issues of Shipping and Receiving GM588 Managing Quality‚ Michelle Gardner October 16‚ 2011 Introduction Professional Flooring Supply (PFS) is a wholesale distributor of flooring installation supplies and sundries. PFS currently has 15 branches located in Texas‚ Louisiana‚ Arkansas‚ Oklahoma‚ Colorado‚ Utah and Idaho. Each of these locations serves as a distribution point for resale customers as well as a retail store front for flooring installers. PFS was founded in 1977
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PURCHASING A DIESEL-POWERED BOAT .......................................... 5 EXHIBIT 6 – SCENARIO 5: LEASE A DIESEL-POWERED BOAT ....................................................... 5 Executive Summary Economy Shipping Company (ESC) was engaged mainly in the transportation industry and owned steam-powered boats. The company was considering whether to repair one of its’ steam boats or replacing it with a new diesel-powered vessel. After evaluating the different scenarios presented in the case
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Transformational Leadership a Personal Reflection A Transformational Leader is a person who assesses a country‚ or organization/company‚ and recognizes the need for a change in the entity and is able to envision what this change should be. The transformational leader not only envisions the necessary change but has the required personality and strength of character that will enable them to influence others to buy into their vision and make it their own‚ and hence be willing to follow the leader in
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Transformational versus Transactional Leadership This document is intended to compare and contrasts Transformational and Transactional Leadership and discusses how they are used in management of organizations by managers. Before we can delve into the comparison or contrast‚ we first need to define what we mean by each of these terms we are comparing and contrasting. Transformational Leadership Defined This type of leadership can best be defined as a process in which "leaders and followers help
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Case Study 3: Implementing TQM for an institution Chennai is famous for housing many prestigious and old colleges. SS College situated in the suburbs of Chennai‚ recently celebrated 50th anniversary. It offers BE degree programme in eight different descriptions. About 4000 students are studying in the college. The principal of the college is in the verge of retirement. He has served the college for 35 years. The teaching staff strength is 55; in addition 25 non-teaching staff are also working. Most
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As I entered the Norton Simon Museum ‚ the first exhibit I saw was a sketch done by the famous Pop artist Andy Warhol. The drawing was of canned tomatoes by Val Vita ‚ a company that Simon owned‚ and was commissioned for Simon’s birthday by his sister . As I walked through the extensive collection of paintings‚ drawings ‚ and sculptures‚ many of the pieces caught my eye. The museum was divided into different chronological periods so that one could see the evolution of art and the themes that were
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