capable climb up or become even franchisees (Franchisees are therefore capable and skilled as well) • Human resources: TP has a modern three step approach with recruiting‚ training and evaluating. They try to match the managers’ mentality to the TP strategy. • Workforce Challenges: Unlike the competitors TP did not try to make pizza delivery as easy as possible. In order to cope with a high employee replacement‚ TP instead sought to upgrade both its entry-level employees and the responsibilities they
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TelePizza had grown from a single store in 1988 to the largest pizza chain in Spain. At the end of 1997 they had 399 stores and an estimated market share of 62% in Spain‚ and 68 stores internationally. The success of TelePizza was mostly driven by great HR management. TelePizza only hired the best people and put a lot of effort on development. This led to an outstanding commitment and high flexibility. People started their position as a delivery person became even franchisees‚ so franchisees had
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Questions 1. Ethical Standards a. Can a multinational firm adopt varying ethical standards [such as with regard to product safety (Pinto)‚ employee benefits (Nike) and “kickbacks” to win business (Siemens)] in its global operations? Why or Why Not? Discuss in depth based on the goals of multinational corporations? (Be sure to identify the merits and demerits for both options). (Read: Class notes and discussions) - A multinational corporation (MNC) is a business firm incorporated in one
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Wal-Mart Wal-Mart Stores Inc. also known as Wal-Mart is a multinational retailer corporation based in America. The corporation runs massive stores discount departments and warehouse stores chain. The corporation is listed to be the third largest public corporation in the world by Fortune magazine. With over two million employees around the world it makes the corporation to be the biggest private employer. Sam Walton was the founder of Wal-Mart in 1962 and the corporation has remain a family tradition
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Microsoft’s Financial Reporting Strategy 1. What are the factors that likely explain the difference between Microsoft’s market value of equity and its reported book value of equity? One of the factors that explain the difference between Microsoft’s market value of equity and its reported book value of equity is the lack of effectiveness to record certain intangible assets such as stock of knowledge (i.e.‚ human capital) customer loyalty‚ and brand value. These former intangible assets mentioned
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INTRODUCTION TO FINANCIAL STRATEGIES OF A COMPANY It is important for a business to have a clear financial strategy. This is true for both new companies and those with a long history. The strategy constitutes your company ’s guiding principles in all its financial decisions. Different scenarios demand varying strategies for the business. Of course the strategy must be re-evaluated whenever the business undergoes changes in its financial circumstances. Factors involved When you plan your
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might be engaged upon‚ recognising the ultimate needs of industry in setting those standards‚ and responsibility to society in enforcing them. As a result‚ the financial sustainability of professional institutes is crucial in order to ensure continued professionalism and integrity within any economy. Identifying strategies for financial sustainability have long been considered an important goal of organisational policy required for organisational sustainability‚ with a substantial body of research
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Financial Theories and Strategies Paper FIN 554 February 15‚ 2005 Introduction Financial theories are the building blocks of today ’s corporate world. "The basic building blocks of finance theory lay the foundation for many modern tools used in areas such asset pricing and investment. Many of these theoretical concepts such as general equilibrium analysis‚ information economics and theory of contracts are firmly rooted in classical Microeconomics" (Oaktree‚ 2005) This paper will define
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Finance theory and Financial strategy Strategic Planning means several things. But it certainly is a part of the decision-making in resource management of the business benefits. Finance theory has significant advantages in understanding the function of capital markets‚ the valuation of real assets and financial assets. Discounted cash flow analysis(DCF) is a tool that derived from finance theory which has been widely used. However finance theory also has little effect on strategic
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Group Case Study “Microsoft’s Financial Reporting Strategy” Microsoft’s Financial Reporting Strategy ABSTRACT 2 This case study examines the factors explaining the difference between Microsoft’s market value of equity to book value of equity and overall financial reporting strategies employed at the firm. We analyzed financial information dating from 1985 to 1999 and 2011 annual report provided by Microsoft. We found factors explaining market value of equity are perceived risk and future cash
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