Introduction to Corporation Accounting CORPORATION - an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence (New Corporation Code of the Philippines). A corporation is an entity created by law that is separate and distinct from its owners and its continued existence is dependent upon the corporate statutes of the state in which it is incorporated. Characteristics of a Corporation The characteristics
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Whirlpool Corporation’s Global Strategy We want to be able to take the best capabilities we have and leverage them in all our companies worldwide. David Whitman‚ Whirlpool CEO‚ 1994 Quoted in the Harvard Business Review In 1989‚ Whirlpool Corporation (Whirlpool) embarked on an ambitious global expansion with the objective of becoming the world market leader in home appliances. Beginning with the purchase of a majority stake in an appliance company owned by Philips‚ the Dutch electronics firm
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Reinventing the San Miguel Corporation Synthesis Eduardo Cojuangco‚ the CEO of San Miguel Corporation‚ is re-assessing the company‟s business strategy. The flagship product of this century–old conglomerate‚ San Miguel Beer‚ is expected to post a slower growth rate in its volume share because of its large market share. Th e company has operations in only three product areas – food‚ beverage and packaging‚ and has a modest international presence. In this regard‚ Cojuangco announced in 2007
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INTRODUCTION The consumer market for my chosen business‚ Hyatt Hotels‚ is large and very diverse. Just about every person finds themselves in the position of seeking overnight‚ or longer‚ accommodations at some point in their life. The challenge will be to target the most profitable customers and know them and their needs in enough detail to justify the expenses. With its plethora of properties‚ each catering to a different segment‚ Hyatt is perfectly positioned to do just that. DISCUSSION Hyatt provides
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Gulf Oil Corporation in 1984. This merger was the largest merger till that time in the history of the United States and it doubled the oil and gas reserves of the company. Chevron merged with Texaco in 2001 & formed a new company named ChevronTexaco. Texaco was one of the branches of Chevron family. It was formed in 1901 in Beaumont‚ Texas. To convey a unified presence in the world‚ it was again renamed to Chevron in 2005. Chevron strengthened its position by acquiring Unocal Corporation in 2005.
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PROSPECTS OF “THE THUNKER” Elizabeth Alfred Bus105 October 2010 BUSINESS PROSPECTS OF “THE THUNKER” 2 Business owners can form sole proprietorships‚ partnerships‚ or corporations. Each type of business entity has its pros and cons that can have a significant impact on the business and its owners. When considering a new product for a saturated market such as the clicker or the three-pronged power cord‚ there are several
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service‚ internet‚ satellite TV‚ and IPTV television. Being that this industry is filled with competitors and a constantly changing variety of products and services‚ how does TELUS stay on top? *CORPORATE MISSION/BUSINESS* (Not Complete) TELUS Corporation is one of the leading telecommunications company. As a compliment to their mission statement‚ they sell a variety of services and products to meet the needs of their customers. TELUS Corporation’s mission statement is - To unleash the power of
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Roles of Limited Liability Corporations and Partnerships In today’s society people are establishing new businesses with different business structures. The individuals need to check with the state they reside to see if the particular entity is acceptable. The paragraphs below will explain the roles of limited liability corporations and partnerships. The paper will also explain the business structure that will be more appropriate to use when opening a small business. Limited partnerships (LPs)
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Johnson has been recognized for his work with U.S government organizations for his ability to critique an array of documents‚ his ability to analyze policies of privately sealed government documents. He has made his mark and comprehension on business corporations and governments all over the world. The business writing course that will be held at Florida International University will be a cost of ($250 value) this will include a business writing certification‚ recognizing the completion of the course
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company might have as it evolves from a start-up to a major corporation. List the advantages and disadvantages of each form. Answer: The three main forms of business organization are (1) sole proprietorships‚ (2) partnerships‚ and (3) corporations. In addition‚ several hybrid forms are gaining popularity. These hybrid forms are the limited partnership‚ the limited liability partnership‚ the professional corporation‚ and the s corporation. The proprietorship has three important advantages:
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