A business model of the times The Enron bubble was a prime example of the dominance of speculative finance in business. V. SRIDHAR MORE than two months after Enron‚ the seventh biggest corporation in the United States‚ filed for bankruptcy‚ the stench of scandal refuses to die. Shocking revelations about the company’s modus operandi continue to pour in. Public and media attention was initially focussed on the company’s close ties with the political establishment and the policy-making bureaucracy
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Enron Questionable Transactions Question 1 The question which segment of its operations got Enron into difficulties is simple to answer‚ everything. Almost every all segments of their operation were improper. First of all‚ they practice unethical and dishonest practices which victimized workers‚ consumers‚ taxpayers and stockholders. Enron created partnerships within their own organization which led to them creating new financial instruments‚ called SPE’s (special purpose entities) which was
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Which segment of its operations got Enron into difficulties? The fall of Eron has understandably generated significant interest in the professional literature as well as in the popular press. The activities and events underlying Enron’s collapse are manifold‚ but several stand out as particularly noteworthy. One is the use of special purpose entities (SPEs). Although SPEs often serve legitimate economic purposes and are still in use today‚ Enron used several of them to hide debt and to overstate
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STUDY | | Transactions from the very beginning of time have being a vital part of the human race and have cut across every single part of the different sectors of our modern day society. Transaction is the art of exchanging good for services which could take different forms. or an instance of doing business of some kind‚ e.g.‚ a purchase made in a shop or a withdrawal of funds from a bank account according to the Encarta Dictionary. Thus the aspect of electronic-Transaction which has being
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internet service was common in most households. The advancement of the World Wide Web has given businesses and consumers the capabilities of reaching audiences around the world. Consumers are smarter than ever along with the increased efficiencies and opportunities among businesses. The first company I chose to analyze is known as the largest express transportation service company in the world known as FedEx. The company operates in both business to consumers and business to business channels‚ but
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e-Business Model The rapid growth of e-commerce on the Internet has created a challenge for traditional bricks and mortar businesses. Businesses must now change their focus about their own business models‚ target market‚ products‚ and services‚ and ultimately their own benefits. This paper will compare and contrast the business models of a business to business (B2B)‚ a business to customer (B2C)‚ and a customer to customer (C2C). The Internet Capital Group (ICG) was selected to represent a
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E-Business Model Design‚ Classification‚ and Measurements Magali Dubosson-Torbay Alexander Osterwalder Yves Pigneur Executive Summary “Business model” is one of the latest buzzwords in the Internet and electronic business world. This article has the ambition to give this term a more rigorous content. The objective is threefold. The first objective is to propose a theoretical e-business model framework for doing business in the Internet era. The second is to propose a multidimensional classification-scheme
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E-business (or electronic business) is defined as “the term used to describe using the internet to operate your business.” E-business is one of the fastest growing sectors and provides entrepreneurs with excellent opportunities to enter the market with a start-up company. One such companies being Zappos.com. Zappos‚ as well as similar sites such as Amazon are examples of e-businesses that created a new business model within a new environment‚ using the internet as a market place and giving way to
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basis of my subject “Bad debt expense estimation model” stems from account receivable. Account receivable is the term used by companies to describe money owed to them by clients or customers for goods and services provided. Bad debt expense is that portion of account receivables that will not be collected. Therefore‚ without any receivables a company will not have bad debts‚ thus no need to estimate any bad debt expense. Business to business transactions are mostly done with a promise to pay for goods
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E-BUSINESS MODELS As defined by Canzer‚ a consumer – to – consumer ( C2C) business model is one in which firms facilitate the exchange of data directly between its users over the internet. It does not use the peer - to – peer ( P2P) software which allows direct access to the individual’s computer files but instead provides a platform to load text‚ images‚ music / video files‚ etc for sharing among users. This platform for sharing and interaction has a commercial dimension with the aid of advertising
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