Activity #3 Q1. What are the factors that contributed to Universal Robina Corp’s success? Universal Robina Corporation (URC) traces its beginnings all the way back to 1954. John Gokongwei was doing very well then as a trader/importer. He had learned the trade when his father died before the war‚ and had worked hard through the war and postwar years to prosper. However‚ while he thrived‚ he took a long hard look at his company‚ and correctly predicted that trading would remain a low-margin business
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Universal Accounting Standards Issue The internationalization of business activities has increased exponentially over the past 3 decades. Because the accounting standards and practices of different countries have developed in response to diverse environments‚ accounting has developed with strong national accents . As a result‚ multinationals with branches and investments in a wide array of countries find it difficult to achieve a consolidated financial report. Further‚ investors in these multinationals
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A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance.[1] These are also called full-service financial firms‚ although there can also be full-service investment banks which provide asset management‚ trading‚ and underwriting. The concept is most relevant in the United Kingdom and the United States‚ where historically there was a distinction drawn between pure investment
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INTRODUCTION Toyota is one of the world’s best-known and most successful businesses‚ building cars and trucks in 26 countries for sale in more than 170 markets around the globe. Worldwide production was 9.2 million (8.2 million for Toyota and Lexus brand vehicles) in 2008‚ making Toyota Motor Corporation (TMC) the world largest vehicle manufacturer in terms of product volume A key element in Toyota’s success is its commitment to designing‚ engineering and building cars in the world regions where
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Achilles‚ The Man and the Myth Achilles was a half human half supernatural. His father is king Peleus. Thetis‚ Achilles mother who raised him and his best friend (Patroclus) wanted to make Achilles immortal‚ so she dipped him in the Styx River‚ holding him from his heel. This gave immortality to Achilles‚ he was invincible‚ he was one of the greatest Greek warriors of all times. Thetis his mother who loved her son and was really worried about his safety‚ decided to send him with Scyros where
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McDonalds 2012 Kanika Markland McDonalds SIC # 5812 NYSE: MCD Revenue 2011: $27‚006M McDonald’s Corporation is the world’s largest chain of hamburger fast food restaurants‚ serving around 68 million customers daily in 119 countries. Headquartered in the United States‚ the company began in 1940 as a barbecue restaurant operated by the eponymous Richard and Maurice McDonald; in 1948 they reorganized their business as a hamburger stand using production line principles.
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Chevron Corporation (NYSE: CVX) Chevron is one of the world’s largest energy companies. It is based in San Ramon‚ California‚ U.S.A. and is active in over 100 countries. The Company takes part in every aspect of the oil and natural gas industry. Apart from the exploration‚ production‚ manufacturing‚ sales and power generation‚ Chevron also invests in “renewables” and advanced technology. I chose to examine Chevron because it is an American company that has a large involvement in the Australian
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The Perusahaan Otomobil Kedua Sendirian Berhad (English: Second Automobile Manufacturer Private Limited)‚ usually abbreviated to Perodua‚ is Malaysia’s second largest automobile manufacturer after Proton. It was established in 1992 and launched their first car‚ the Perodua Kancil in August 1994.[1] ’M2’ was refers to the codename which was used when the project to establish Perodua was still Top Secret. The shareholders of Perodua are UMW Corporation Sdn Bhd with 38% stake‚ Daihatsu Motor
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About Dr. W. Edwards Deming W. Edwards Deming (1900-1993) changed our lives by developing better ways for people to work together. He derived the first philosophy and method that allows individuals and organizations—from families and schools to government agencies and large companies—to plan and continually improve themselves‚ their relationships‚ processes‚ products and services. His philosophy is one of cooperation and continual improvement; it eschews blame and redefines mistakes as opportunities
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In March 1942‚ during WWII‚ the extermination camp at Sobibor was established. The camp was built by the village of Sobibor in Lublin‚ district of Poland.From April‚1942 to October‚1943 250 thousand people were assassinated‚ the majority were Jews. Sobibor was an extermination Camp‚ at one point it turned out to be divided into three sections.The camps erection began in 1942‚with Polish workers and Jewish slaves the camp began operating in March.Sobibor was a relatively small camp‚ which measured
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