CHRISCHER L. ALANES FINANCIAL ACCOUNTING REACTION PAPER – THE ENRON SCANDAL FACTS OF THE CASE Enron Corporation was formed in 1985‚ led by Kenneth Lay‚ as a result from the merger of Houston Natural Gas and Internorth that specializes in natural gases and commodities. In 1990‚ the company hires Jeffrey Skilling to lead the trading of commodities under deregulated market and Andrew Fastow later that year (USA Today‚ 2002). Deregulation of the energy markets allowed companies to place bets
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3. Cecilio K. Pedro – Lamoiyan Corporation “Fighting multinationals was very tough. At first‚ everyone thought I was crazy. They told me‚ how will I survive this? True enough‚ it’s by the grace of God that I’m still here in the toothpaste industry after 20 years. God is good‚” – Cecilio K. Pedro Cecilio K. Pedro is another Filipino businessman of Chinese descent but his story is not the typical rags-to-riches tale but about turning adversity into triumph. He earned his business management
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1. What caused Middleby’s struggles in the 1990s? The following caused the struggles of Middleby Corporation in the 1990’s: a. A period of rapid international and domestic expansion by chain restaurants during the first half of the 1990’s‚ which caused DFE manufacturers and suppliers to increase production capacity domestically and build assets in foreign markets. b. A decline in sales through the second half of the 90’s which was caused by a shift in domestic consumer eating habit towards
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(as well as in prior years) by a Big Five auditing firm. The audit did include consideration of internal control over financial reporting as a basis for designing audit procedures that were appropriate in the circumstances‚ but not for the purpose of expressing an opinion on the effectiveness of Koss’s internal control over financial reporting. The Company maintains a system of internal controls to provide reasonable assurance that assets are safeguarded and that the book and records reflect the authorized
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Statement of the Problem How do the companies reach effective formal planning? Strengths The SMC company known leader in the beer business in the Philippines The company SMC sought professional advice from a team of experts on strategic planning. The company is strict with the quality of its products. The companies implement strategic planning. The plans of these companies were done step by step and well studied. The tasks were designated properly‚ all being allocated. Plans
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restaurant can be by putting extremely strict emphasis on the superior customer service for over ten years. These two core values‚ high-quality product and service‚ eventually became the foundation and guidance of Lei’s new venture – Xiaomi Corporation‚ a smartphone company. In Lei’s prior career‚ he served as the CEO of Kingsoft‚ a Chinese antivirus software firm‚ and now remains chairman of the board. Lei is also the founder of Joyo‚ an online retailer he created in 2000. He sold the company
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Question 1: What is your analysis of the structure of the portable electric tool industry? Has it been structurally attractive? Degree of Competitive forces in the Portable Electric Power Tool industry (Structural Analysis) Barriers to Entry: High The major barriers to entry in this industry were found in terms of 1. Technology‚ 2. Capital investment‚ 3. Economy of scale in manufacturing‚ and 4. Brand reputation in specific market segments & product categories. Barriers
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Case 11-1: Polluter Corp Polluter Corporation is a manufacturing firm in the United States registered with the Securities and Exchange Commission. Polluter Corp. operates three facilities manufacturing various household cleaning products. These products produced are sold to retail customers. The United States government funded their company with emission allowances (EAs). An emission allowance is an authorization to emit a fixed amount of a pollutant. An emissions allowance is sometimes also
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LAMOIYAN CORPORATION THE COMPANY Lamoiyan Corporation is the first Filipino company to succeed in penetrating the local toothpaste industry‚ long dominated by multinationals‚ with their own brand of toothpaste‚ Hapee. Since their formal inauguration in March‚ 1988‚ they were able to maintain a consistent quality standard on their toothpaste. Because of this‚ they have become patronized and loved by the Filipino nationwide. THE PRODUCTS They provide a variety of quality products for oral
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Running Head Reengineering the Corporation Reengineering the Corporation In the book “Reengineering the Corporation”‚ Hammer and Champy create a new frame of managerial relations and organizational bureaucracy. The authors address such important problems as impact of technology on business environment‚ new labor relations and organizational structures affected a modern corporation. The book consists of 13 chapters and an Epilogue discussing different problems and issue of modern organizational
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