The purpose of the corporation: Shareholder-value maximization? Finance Working Paper N°. 95/2005 Revised version: February 2006 Petra Joerg Institut für Finanzmanagement‚ Universität Bern Claudio Loderer Institut für Finanzmanagement‚ Universität Bern Lukas Roth The Pennsylvania State University Urs Waelchli Institut für Finanzmanagement‚ Universität Bern © Petra Joerg‚ Claudio Loderer‚ Lukas Roth and Urs Waelchli 2006. All rights reserved. Short sections of text‚ not to
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I. Introduction Attention Getter: " First I dream my paintings then I paint my dreams" Van Gough Reason to listen: What makes an individual unique is their passions. Painting has been one of my passions since I could hold a paint brush. Even though I am not great at painting‚ it still is apart of who I am. I have many passions‚ but painting is the one thing I can do when all else fails to make me feel better. It is a visual of how I feel and showing that‚ to me‚ is easier than speaking
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Value appropriation: vital in achieving sustained competitive advantage Table of contents 1 Introduction 3 2 The role of marketing 4 3 Measuring marketing productivity 5 3.1 Customer Satisfaction and future cash flows 7 3.2 Shareholder value 9 4 Creating sustained competitive advantage 10 4.1 Value creation versus value appropriation 10 4.2 Strategic emphasis in practice 11 5 How to prevent imitation? 13 6 Limitations
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ARCHITECTURAL BOUNDARIES: LUDWIG MIES VAN DER ROHE AND PHILIP JOHNSON Architecture has undergone a rapid and revolutionary transformation in the modern era. Through the work of Ludwig Mies van der Rohe‚ this essay attempts to chart the transition in architecture from nineteenth century Romanticism and Neoclassicism to High Modernism. Mies van der Rohe redefined architectural boundaries and emphasised the beauty of simple forms‚ the importance of functionality and the versatility of new materials such as
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marketing ´The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself´ * In 2007 Perfetti Van Melle had a turnover of € 1.83 billion worldwide‚ for the Benelux it was € 280 million. Of this € 280 million 10-15% goes to marketing‚ this shows that marketing is a big part of the company. Perfetti Van Melle is a family owned company‚ and the family is still very involved in the marketing process. 1. Marketing strategy Marketing strategy is the
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Looking to the Bible: the original identity of the Church as being missionary by nature According to Van Gelder‚ the nature of the Biblical church is based heavily on the sense that it is a social community rather than a collection of individuals. Similar to the reality of the Trinity‚ this social community is now living in reconciled relationship with God and with one another. The author shows this new community with four main and distinct characteristics. 1) The church as a people of God “live
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exhausted and want to go to sleep‚ but I am still a few blocks from my house. As I glance to my right‚ at the end of the road stands a big sign that reads Town Of Demcora In big bold letters. I continue to walk across the uneven road‚ my red Old Skool Vans sneakers get caught in cracks and holes with almost every step I take. God‚ I hate this town. Time passes at snail’s pace‚ but eventually I make it home. The front door swings open before I even reach the steps. My mom bursts out the door and wraps
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Dear Jury‚ Dear attendants‚ Dear Opposition. We are here to propose following motion: Service companies should outsource environmental scanning to specialists. Allow us to define this motion. We define a service company as a company which delivers services to its customers. According to Philip Kotler a service is defined as; "any activity or benefit that one party can offer to another that is essentially intangible and does not result in the ownership of anything. Its production may or may not be
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Mr Van Gogh Literary Essay Will there always be a Mr Van Gogh? Owen Marshall’s short story ‘Mr Van Gogh’ is an explanation of society’s harsh attitudes towards individuals today. Through characterization‚ religious allusion and imagery Owen Marshall portrays Mr Van Gogh as someone who is overcoming society’s acts of judgement. This is reflected on the audience because Marshall makes us question our own behavior in the hope that we will change. Owen Marshal uses imagery‚ biblical allusion and
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REVIEW OF GLOBAL VALUE CHAIN I. Systems view of world order and relations Three concrete systems stand out: 1. Mini system 2. World empire( make the world similar) 3. World economies ( feel the influence of some economy around) Ex: There is a German university in Vietnam The system consists of a single division of labor within one world market but contains many states and cultures. Core states concentrate on high skill‚ capital- intensive production (not use much labor but machine). They are
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