Global Crossing. A brief history/outline. In 2002‚ a huge corporation filed for Chapter 11 bankruptcy‚ despite announcing continual huge company growth the prior year. The company‚ who was audited by Arthur Anderson‚ is in the process of denying accounting irregularities. The company fat cats or executives have made a fortune despite the recent bankruptcy and the invested employees/shareholders have suffered major financial losses. Who is the company? You would not be alone in immediately thinking
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Company Background Global Crossing Limited (GC) is an example of what may occur when there are failures to properly audit financial statements and internal controls. This scandal happened around the same time as the Enron scandal. In early 2002‚ the GC bankruptcy was the fourth largest in the U.S. history. In 2005‚ it settled with the SEC‚ having been determined that it did not comply with numerous accounting laws. ABOUT THE COMPANY GC‚ founded in 1997 by Gary Winnick‚ was a telecommunications
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Global Crossing Management 1 Global Crossing Management Mary Adams MGT/330 April 6‚ 2010 Global Crossing Management 2 Global Crossing Management Global Crossing was founded in 1997 by Gary Winnick. They reported $3.8 billion in revenue and $1.9 billion in losses in 2000. Global Crossing is a leading global IP solutions provider. Global Crossing has developed the
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GLOBAL CROSSING LTD. Entity Background Global Crossing is a telecommunications company providing computer networking services worldwide. It was founded in 1997 by Gary Winnick‚ Abbot L. Brown‚ David L. Lee and Barry Porter through Pacific Capital Group. It is said that Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks. It raised about $400 million on its initial public stock offering. Global Crossing was
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Planning function of management in McDonald: Planning is the process which is used to identify goals and objectives‚ develop strategies and outline tasks to accomplish those goals and objectives. Planning function also decide up to what extent organization is efficient and effective. Planning includes the following: • Which goals should follow? • How should the goals be attained? • How should resources be allocated? Now‚ I have chosen McDonald for completing my assignment.
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Management Functions Planning Introduction In this assignment we should learn more about management‚ this function and the principal task of the function management is planning. Management is the process of reaching organizational goals by working with and through people and other organizational resources‚ were they need to follow three characteristics: 1. It is a process or series of continuing and related activities. 2. It involves and concentrates on reaching organizational goals
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work. Coming up with the vision‚ mission statement and core values are just one way that managers get together to plan and set goals. All functions of planning must be used by managers in order for the company to succeed; planning helps the company to reach the set goals. All levels of management should use strategic‚ tactical‚ operational‚ and contingency planning. Each level of management tends to plan differently‚ but at the end of the day‚ all managers should consult with each other when it comes
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------------------------------------------------- Planning Function of Management | Planning means looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is a systematic activity which determines when‚ how and who is going to perform a specific job. Planning is a detailed programme regarding future courses of action. It is rightly said “Well plan is half done”. Therefore planning takes into consideration available & prospective human and physical
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TUI University BUS 401 Case Module 2 Global Strategic Planning As a home grown U.S. company Starbuck ’s quickly saturated its market‚ and hence several years ago looked at the global market for growth. One of these global markets is China‚ the most populous nation and home of the record breaking double digit gross domestic product or GDP rates. However‚ the Chinese culture is so much different that the U.S. culture‚ in fact some Chinese observers would say that the two cultures
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Planning Function of ManagementThe purpose of this paper is to explain the planning functions of management for the organization known as Boeing. Boeing is an aerospace company; they build passenger airplanes‚ military aircraft‚ satellites‚ and missiles. Boeing ’s planning functions of management is influenced by internal and external factors. These factors such as the economy and competition directly influence the strategic‚ tactical‚ operational‚ and contingency planning. "Boeing is the largest
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