3 Restructures in Sunbeam 3 Turnaround at Sunbeam 5 Accounting Practices at Sunbeam Corporation 5 Accusations 5 Key Players in Sunbeam’s Scandal 6 Unethical Behaviours 7 Ethical Analysis 7 Stakeholder Theory 7 Deontological Theory 7 Shareholder Theory 7 Utilitarianism Theory 7 Reference 9 Executive Summary This report is based on Sunbeam Corporation and Albert Dunlap‚
Premium Stock Stock market Stakeholder
End of Book Case Studies 16/7/03 3:16 PM Page 642 end-of-book End-of-book: Case studies Q 643 case studies 19 Think design and performance— think Sunbeam Café Series Nicole Stegemann‚ School of Management and International Business‚ University of Western Sydney The history of Sunbeam dates back to 1883 in Chicago‚ Illinois‚ when T J Clark and J K Stewart formed a partnership to manufacture clipping and grooming machinery for horses‚ later expanding into sheep-shearing equipment. The Chicago
Premium Marketing
1. Analyze the changes that Al Dunlap had initiated at Sunbeam after being hired from a strategic perspective. Did the changes started by Dunlap allow him opportunities to manage earnings? First‚ after Al Dunlap was hired‚ Dunlap wanted to surround himself with loyal executives‚ such as Mr. Kersh‚ and fired the existing senior managers. This strategy make Dunlap easily get consensus for his points. Second‚ his immediate strategy was to aggressively cut the costs by eliminating excessive staffs
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable
1. The changes made by Al Dunlap gave him the ability to gain stronger control over the future of Sunbeam. His goal was to double revenue and dramatically improve operating margins‚ and he put in place a number of measures to achieve it. Let’s analyze each of these measures individually: a) Replacing Senior Management team: Dunlap fired the entire existing Senior Management team and brought on people from his previous company‚ Scott Paper. Given their history of working together closely‚ this
Premium Balance sheet Revenue Income statement
1. Analyze the changes that Al Dunlap had initiated at Sunbeam after being hired from a strategic perspective. Did the changes started by Dunlap allow him opportunities to manage earnings? Following are the changes that Al Dunlap initiated after being hired by Sunbeam Inc and the probable opportunities that Dunlap used to manage earnings: Fired the existing set of senior managers of Sunbeam and appointed his close friends and lieutenants in those positions. Opportunity: Picked a close set of
Premium Revenue Balance sheet Generally Accepted Accounting Principles
Chainsaws are used by millions of people each year for all sorts of tasks. The most important thing that needs to be recognized is this piece of equipment is dangerous‚ just like other types of equipment being used outdoors. Precautions need to be taken to avoid injury to the operator and others who are there for support. There are many tips a homeowner should follow if they plan on purchasing a new chainsaw or may already own one. Be Prepared Before starting any task there are a few rules that
Premium Accident Safety Occupational safety and health
box and opened it. As i opened the box i noticed that there was a head of a person and a chainsaw. When i saw what it was i didn’t know what to do and was hoping that the person that did that to this guy was not on the beach and does the same to me. I started looking around and i saw a person in the distance. I went back to the bow and took the chainsaw out of the bow‚ but as i was trying to start the chainsaw
Premium Light English-language films Thought
Analysis Company Sunbeam has offered innovative products to household families for over 100 years and is a publicly traded company. In 1910 Sunbeam introduced their first iron. In 1930 Sunbeam introduced the Mixmaster stand mixer. The mix master stand mixer became the single most popular small kitchen appliance in the country. In 1998‚ the US Postal Service dedicated a stamp in honor of the famous Mixmaster as one of the country’s greatest innovations. Sunbeam has been known for these and
Premium Laundry symbol
CHAINSAW 1974 1) Which five forces are important in the chain saw industry and why? The five forces that that are important for an industry and companies involved are a) Competition b) Buyers c) Substitutes d) Suppliers and e) Compliments. The Chainsaw industry is segmented by customer bases namely professionals‚ farmer and casual users. These customer segments are differentiated by the cubic-inch displacements. Pro users require 4.5 or greater‚ farmers require 2.7 – 4.5 inches and casual users
Premium Roller chain Chainsaw Department store
Sunbeam was a company originated in Chicago started off with manufacturing electrical appliances in 1910. Over 50 years‚ Sunbeam had produced different products from a food mixer to an electric blanket. The company acquired their rivalry company- Oster Company in 1960. However‚ the company turned over into different hands. In 1981‚ Sunbeam was acquired by Allegheny International‚ but it went bankruptcy 7 years later. Paul Kazarian and two other partners bought Sunbeam company from Allegheny International’s
Premium Enron Generally Accepted Accounting Principles Enron scandal