Levels of Planning Many times we think of planning as one function of management with no variety. Any time you are looking to the future you are just planning. Throughout this week ’s readings‚ the class has learned that there are actually four levels of planning. These levels include: strategic‚ tactical‚ operational‚ and contingency planning. Each level has a different purpose and impact on the planning process. In the following paragraphs‚ we are going to describe three of the four levels of
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Analysis of each company and provides recommendations for investors. Introduction This report will look at: • The unethical behaviour about WorldCom accounting scandal • The Monopolistic competition about china telecom • The overcharging behaviour of AT&T • Recommendations for telecommunication industry • Conclusion Findings WorldCom WorldCom‚ The America’s second-biggest long distance phone company. From 1999 to 2002‚ an internal audit had reported that $3.3 billion in profits were
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Accounting 381 Reading Assignment 1: Accounting and Professionalism Due: Tuesday‚ January 12‚ 2010 (at beginning of class). Please be prepared to discuss the questions and your responses in class on this date. Required: Answer the following questions based on your examination of the readings listed below. This should be completed on an individual basis. Your discussion should be no more than 2 pages in length‚ single-spaced. You do not need to use a particular format to prepare your
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time; Skilling got 24 years in prison. The company filed for bankruptcy. Arthur Andersen was found guilty of fudging Enron’s accounts. Fun fact: Fortune Magazine named Enron "America’s Most Innovative Company" 6 years in a row prior to the scandal. WorldCom Scandal (2002) Company: Telecommunications company; now MCI‚ Inc. What happened: Inflated assets by as much as $11 billion‚ leading to 30‚000 lost
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References: Baumol‚ J. William‚ Blinder‚ S. Alan. Macroeconomics: Principles and Policy‚ 12th ed.: Principles and Policy. Cengage Learning‚ 2011. Moberg‚ Mark. Slipping Away: Banana Politics and Fair Trade in the Eastern Caribbean. Berghahn Books‚ 2008 Hill. Charles W. L. (2011). International Business: Competing In The Global Marketplace. McGraw-Hill. 2011
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US telecommunications giant‚ WorldCom during the 1990s that led to its eventual bankruptcy. The case provides a detailed description of the growth of WorldCom over the years through its policy of mergers and acquisitions. The case explains the nature of the US telecommunications market‚ highlighting the circumstances that put immense pressure on companies to project a healthy financial position at all times. The case provides an insight into the ways by which WorldCom manipulated its financial statements
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Tyco International: กรณีศึกษาของการร่วมมือโดยมิชอบ วันที่ 17 มิ.ย. 2005 อดีตผู้บริหารของTyco‚ Dennis Kozlowski และหัวหน้าพนักงานการเงินรุ่นเก่า Mark Swartz ได้รับการพิสูจน์ว่ามีความผิดในฐานการโจรกรรม การวางแผน และการโกง เดือน ก.ย. ปี 2005 Kozlowski และ Swartz ได้รับการลงโทษให้จองจำเป็นเวลา 8 – 25 ปี ที่ Mid State Correctional Facility อยู่ใกล้ Utica เมือง New York ศาลสูงสุด Michael Obus สั่ง Kozlowski และ Swartz ให้จ่ายจำนวนยอด USD 134 ล้านเหรียญ เป็นค่าชดใช้ อีกทั้ง Kozlowski
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Enron’s Questionable Transactions 1. The special purpose entities (SPEs) got Enron into trouble. 2. It is debatable whether Enron’s directors knew how profits were being made through the SPEs. Speculation is that they did have knowledge‚ but did not question the questionable procedures. Evidence that indicates the directors knew how profits were being made includes the following: • Andrew Fastow’s role in establishing the SPEs and falsely creating 3% independent investors in
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Issue 3 (March)‚ 131. Pooler‚ Richard (2005)‚ "When Cultures Collide‚" Management Services‚ Vol. 49 Issue 1 (Spring)‚ 28-31. Segil‚ Larraine (2004)‚ "Partnering: Metrics Matter‚" Financial Executive‚ Vol. 20 Issue 9 (December)‚ 30-35. Signorovitch‚ Dennis J. (2004)‚ "Hidden in Plain Sight: Assessing the Challenges of Leadership Change‚" Public Relations Quarterly‚ Vol. 49 Issue 3‚ 4-6. Smith‚ Steve and Dave Marcum (2003)‚ "New-School Thinking‚" T+D‚ Vol. 57 Issue 10 (October)‚ 36-44. Stahl‚ Gunter
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On March15 2002 the former WorldCom chief “Bernie Ebbers” was sentenced to 25 years in prison for orchestrating an $11 billion fraud at the high-flying telecoms company which resulted in 17 thousand employees losing their jobs and witnessed the vaporization of there pension money so
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