In normal times‚ examining the changing nature and purpose of business firms would be a very challenging assignment‚ but we are not living in normal times. As well as all the usual topics globalisation‚ sustainability‚ ethics and stakeholders‚ there is a need to assess the impact of the recent global recession on the nature and purpose of business firms. As business has moved from bartering rabbit skins for sacks of potatoes‚ to electronic trading of mortgage back securities‚ the purpose of business
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hospital‚ Rehab hospital as well as an Elderly hospital In your capacity as a Financial Controller you are requested to explain what mechanisms would you adopt to: (a) Ensure regular monitoring of the business (b) alert respective internal stakeholders particularly when an adverse variance seems probable Articulate also which information would you make use of to achieve (A) and (b) above and what reporting structures would you deem appropriate to achieve your objectives. Allocating
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companies are directed and controlled‚ which involves a set of relationship between a company’s management‚ its board‚ its shareholders and other stakeholders‚ and the objectives for which the corporation is governed. There are mainly three important theories included in corporate governance‚ which are agency theory‚ transaction cost theory and stakeholder theory‚ each theory views corporate governance from different perspectives. These three theories play significant roles in understanding the corporate
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that go beyond just that of making a profit. To put this idea into perspective in relation to Breadtalk‚ Archie B Carroll’s four dimension approach can be used. This approach consists of four different corporate social responsibility categories including those that are economical‚ ethical‚ legal and discretionary. Each of the categories mentioned have a big influence on the organisational behaviour of Breadtalk. The economical responsibility The economic responsibility of business is ‘to produce
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BreadTalk Group Limited Prepared by: Pek Sin Yee (3156436) Soh Mei Mei Bibi (3151012) Tan Rui Lynn (3154118) Yong Wei Ting (3152841) Chandrika Sridhar (3088524) Executive Summary Bread is one of the most popular staple in the Asian food culture. In the years‚ BreadTalk has successfully expanded their influence and reputation to 16 countries with more than 500 bakeries all around the world. BreadTalk is known for their ’see thru’ kitchen concept which enables their chefs a platform to showcase the
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profit otherwise known as three Ps. Let us look at how CSR could influence the organisational behavior of ‘BreadTalk’‚ a famous local brand of food and beverage chain which started in Singapore in the year 2000. The first of the three ‘bottom lines’ is people‚ where human rights is preserved and ensure that no one person is harmed in the expense of a business. To uphold these human rights‚ ‘BreadTalk’ which has expanded its business to 15 other countries excluding Singapore could treat all its employees
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Background Information BreadTalk Pte Ltd is the principal subsidiary of BreadTalk Group and was founded by Chairman and Deputy Chairman‚ Dr. George Quek and Katherine Lee."BreadTalk" was first conceptualized in April 2000 when an opportunity arose to start a bakery selling freshly baked breads and buns that are visually creative and attractive (BreadTalk Group Limited 2012). The first BreadTalk retail outlet commenced business on 1 July 2000 at Parco Bugis Junction. To date‚ BreadTalk Group has left their
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Statement 6 ANNEX 1 Introduction 1. Company Background BreadTalk Group Limited is a listed bakery based company in Singapore. It was founded in April‚ 2000 and is currently operating a chain of retail outlets through its principal subsidiary‚ BreadTalk Pte Ltd‚ selling a wide range of breads‚ cakes‚ buns and pastries. In Singapore‚ the Group currently has a chain of 24 retail outlets island-wide‚ and at the same time‚ BreadTalk is seeking to expand their franchise network to Asia Pacific region
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BreadTalk’s Training Programs Executive Summary This report reviews the current methods on evaluating training programs by BreadTalk‚ with an aim of improving its evaluation methods. Through a search of literature and an analysis of current methods‚ the report summarises the latest thinking on evaluating training programs and provides insights on how BreadTalk can improve the quality and management of its evaluations. A comparison with an overseas company‚ McDonald’s‚ was also done to provide
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Introduction BreadTalk Group Limited is founded as a food and beverage operator in Singapore on July 2000 and listed on the Singapore stock exchange in 2003. It has vastly expanded to become a distinctive household brand enterprise that has established its name on the international scale with its bakery‚ restaurant and food atrium footprints. Its portfolio comprises of several brands being BreadTalk®‚Ramen Play‚ Din Tai Fung‚Food Republic‚ The Icing Room‚ Toast Box and Carl’s Jr in China (Breadtalk‚ 2014)
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