Corporate Strategy: Horizontal Integration‚ Vertical Integration‚ and Strategic Outsourcing SYNOPSIS OF CHAPTER This chapter and Chapter 10 concern corporate-level strategy. This chapter focuses on the different strategic choices that companies make with regard to horizontal and vertical integration. In particular‚ we consider the arguments for and against horizontal and vertical integration and examine strategic alliances and strategic outsourcing as alternatives. In the next chapter‚ the focus
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Discuss the use of science to enhance athletic performance The enhancement of performance must be extremely important to all athletes no matter what their sport. I will cover three main bodies in this essay. Firstly the use of supplements and diet to enhance performance‚ and how that might have changed. Secondly how training of actually athletes has changed with science. Thirdly the science on both sides of performance enhancing substances and the effect it might have on not just those who
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PROCEDURE 1. Measure and cut a piece of magnesium ribbon 3.5 to 4.5 cm long. Do not exceed 4.5 cm. 2. Measure the mass of the magnesium ribbon to the nearest milligram (0.001 g) and record the mass. 3. Fold up the magnesium ribbon into a small‚ tight bundle. Tie it with a piece of thread (10 to 15 cm long). 4. Add about 10 mL of 3.0M HCl to a gas collection tube. 5. Hold the gas collection tube at an angle as you fill it completely with tap water‚ until it is nearly overflowing
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Enron disaster. The formal charges and jail sentence were a result of the obstruction of justice caused by the destruction of the audit papers. 3. What was the prime motivation behind the decisions of Arthur Andersen’s audit partners on the Enron‚ Worldcom‚ Waste Management‚ and Sunbeam audits; the public interest or something else. Cite examples that reveal this motivation.- The prime motivation behind the decisions of Arthur Andersen’s audit partners was revenue generations. They wanted to make
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AbdulFattah AbdulGaniyy Department of Accountancy‚ The Federal Polytechnic‚ Kaura Namoda‚ Nigeria. * E-mail of the corresponding author:abuaishah1425@yahoo.com Abstract This paper discusses the history of audit and its development particularly Enron and Worldcom scandals as some of the audit failures that increased the challenges of auditing firms to remain unbiased and independent of their clients. Secondary data was used to review the existing literature on the subject. Descriptive method was used to present
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1. What did Arthur Anderson contribute to the Enron disaster? Arthur Andersen (AA) contributed to the Enron disaster when AA consulting became its own separate entity‚ named Accenture. Revenues from consulting services surpassed revenue from auditing services. A natural competitiveness grew between the two rivals and this is where the problems began to start. Management held maximinizing revenues as their primary focus of success and promotions/bonuses were based on this factor. The CEO of AA‚ Joe
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individual’s life changed or became ill after losing a spouse‚ they may choose to be placed in an assisted living facility for care. Per Conlon and Aldredge (2013) many of these individuals are still in the grieving process and their grief has gone undetected and rash decisions are made about their lives. Prolong grief and depression can have a negative and lasting effect on one’s overall health and that’s what leads to poor decision making on behalf of the surviving spouse. Mental and physical
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accounting principles were not being followed and hid the fact that Enron’s policies and internal controls were not good enough to protect its shareholders. 3. The prime motivation behind the decisions of Arthur Andersen’s audit partners on the Enron‚ WorldCom‚ Waste Management‚ and Sunbeam audits was not public interest‚ as it should have been‚ but how much of a profit could be made. Examples that reveal this motivation include the fact that the CEO only ever reported profit as a measure of success‚
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Impact of Unethical Behavior The impact of unethical behavior is wide spread‚ and does unimaginable damage to people‚ and business alike. The results of unethical behavior on the grandest scale would be Enron‚ Tyco‚ and Global Crossing‚ or WorldCom. Greed led to accounting abuses‚ cover ups and every day people becoming whistle blowers. Manipulating financial reports is illegal and unethical because the financial records are supposed to show the core financial results of the business
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siphoning of profits at Adelphia Communications Corp.‚ allegations of tax fraud and lavish personal spending of company money at Tyco International and WorldCom Inc. ’s bid to hide billions of dollars worth of expenses are just a few examples of unethical activities. Scandals and bankruptcies in the United States at companies like Enron and WorldCom Inc. have focused attention on the abuse of the power entrusted to executives by
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