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The total area of Bulgaria is 110 910 square km, with an outlet on the Black Sea and the Danube running along its northern border. Because of its geopolitical location in Southeast Europe, Bulgaria plays a key role as a binding, and dividing bridge between the West and the East, the EU countries on one hand, and Turkey, and the Asian countries, on the other.
There are various ways of measuring a firm’s performance. One way is to use accounting measures such as return on equity, return on assets, etc. Another way is to use market measures and determine the firm’s performance by looking at the stock’s value. These measures, however, do not provide an effective evaluation of firm performance.
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Garbett Tours is a collection of travel agencies around the country whose job is to sell packaged holidays based on the necessary arrangements with hotels and airlines to meet the specific needs of their customers. Through time and with new improvements in information technology, they have realized that they cannot continue their business.
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Organizational culture gives members organizational identity, facilitates collective commitment and promotes organizational stability. By cultivating a shared sense of identity and commitment, culture promotes lasting integration and cooperation among members of the organization.
The author states that one is we can do nothing and let the risk pass through to investors in the business-stockholders in a publicly-traded firm and the owner. Secondly, we can protect ourselves from them by various approaches, and finally, we can intentionally increase our exposure to various risks because we feel that it has several advantages.
The present business environment is becoming increasingly globalised thus reducing the boundaries within which organisations can do business. The eradication of barriers to trade is increasing competition in virtually every market. In addition to globalisation, customer needs and preferences are continually changing, creating the need for companies to adopt strategies that are flexible and dynamic enough to respond to these changes.
Globalization is still a work-in-progress, and each one has to do her or his part to ensure that all the issues are addressed properly. This would require sacrifices from everyone, and it is the extent to which all– who live in this limited space we call the world – are willing to go beyond what is expected that would determine our collective success.
In general, the activities of a busy airport like Heathrow, affect most of the Britons, together with the general and business passengers of other nations. The fact that Heathrow carries around 70% of the International air traffic across the Atlantic. The working community for the Airport will be in for a shakeup.
Of late, the SWOT (Strength, Weakness, Opportunities, and Threats) analysis has started moving side by side with the PEST framework. By its very nature, for any business setup, SWOT has always been inseparably influenced and linked to the PEST framework. Only, while the SWOT concept has been around for some time, awareness about the PEST framework dawned much later.
This report encompasses a case concerning the start up of a new business of Replacement Ink jet cartridges with a limited budget. The product is newly developed and the business strives to grow rapidly. The implementation of customer relationship management CRM will play a significant role towards the achievement of rapid business growth.
De Rome (2006) describes the environment as the surroundings where a person or an entity gets influenced. This means the circumstances that surround us are the environment. Same as we perceive the surroundings, the businesses get affected the same way. The environment is very important when we discuss the nature of the business and its location.
Depreciation for renovation is spread over the period of five years, which gives the company a depreciation expense of ₤2,000,000 a year. The depreciation for the hotel is spread over 50 years, which gives the hotel a depreciation expense of ₤800,000 per year. All in all, the hotel's fixed costs amount to ₤5,600,000.
The author states that with this strong financial performance, analysts expressed their positive outlook for Esterline Technologies: “According to analysts reports, 206 revenues were likely to exceed $1 billion.” The success of Esterline in its operation is also indicated by its capability of achieving Tier-1 supplier status.
On the other hand, the non-current assets of WMT include fixed assets like property, plant and equipment acquired by the company for intended operations. In this section, the corresponding accumulated depreciation or depletion is deducted from the property, plant and equipment to account for the wear-and-tear of these fixed assets.
The corporate sector is the most significant in terms of size. Revenue in this sector is generated from the room night, conference, wedding halls, meeting halls, and sports avenues like swimming pools and fitness centers. Many of the national hotel groups have been established separate brands for the market Green hotel, Park Inn, Zabil palace for instance.
Like the interest rate risk and liquidity risk, credit risk is also an inherent feature of any form that is into the business of lending funds either to individuals or to a corporate ((ICMR), Credit Management, 2004). Effective management of credit risk involves the following key principles: Evaluation; Pricing; Monitoring.
It deals with the various requirements (specific) the car industry is needed to establish itself in the EU especially concerning emission norms. It reviews the different Euro standards of emissions and continuous progress in the direction as well as the present emission norms, which has to adhere by the car industry in Europe.
The Real Chocolate Company Inc. is one of the business players in the gourmet chocolate segment of the chocolate and confectionery industry. The company offers a wide range of product choices in its chocolates and confectionery goods. It has positioned its products as the “handmade gourmet chocolates.
Identifying the core business model is critical to the survival of any business organization, and there has been a substantial amount of research in this domain by managers as well as academicians. Companies are concentrating more on creating innovative business models that will enhance their profits and help them develop a sustainable competitive advantage.
The marketing plan of the sports retail store in Dubai commences with the situational analysis and the market summary. The market summary comprises the four important factors of demographics, needs, trends, and growth. The situational analysis also comprises the SWOT analysis, competition, and product offerings along with the keys to success and the critical issues.
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This research indents to find out whether there were any major changes pertaining the company following the implementation of the strategies in the year 2006. It compares the company's financial statements two years before and after the strategic implementation to check if the group's turnover, profit and asset were indicating some significant changes due to the installed strategies.
The author states that the spice trade was done through various routes including both sea and land, but maritime routes helped more in the growth of trade of these spices to different lands. The trade between India and the Greco-Roman world kept on increasing; within this trade, spices were the main import from India to the Western world.
The conclusion from this study states that different strategies are used in order to make Austali bikes, one of the successful brands. The main theme which is used is technical strategies. Technical strategies are those strategies with the help of which a brand can work well, can gain the maximum amount of share, can gain attention and also can make any company a strong one.
In examining the strategies that are being utilized by the industry’s leaders, this paper evaluates the direction of the industry, current levels of competition, and the competitive advantages that are needed in the industry today. The recent expansions of these companies are seen as part of its objective to protect positions in UK retailing.
Found in 1207, Liverpool was established on the bank of river Mersey. Its economy had flourished through the slave trade which is carried on ships from the African continent to the far west. But its economy faced a great setback when the institution of slavery was abolished. Liverpool regained its economic standing through various indigenous industries.
In the case of Toyota, the stakeholders or the users of the annual reports include “present and potential investors, employees, lenders, suppliers and other trade creditors, customers, governments and their agencies and the public. They use financial reports in order to satisfy some of their different needs for information”.
There are many factors influencing the commercial real estate, due to a diverse range of uses and complicated location, thus, there is huge intricacy involved in valuing various commercial estates. When we talk about commercial real estate, it is referred to commercial retail including department stores, supermarkets, shopping malls, and hotels, offices, buildings, restaurants, etc.
The co-ordinates of A and B are (5250000, 5250000) and (6, 6) respectively. The value of the objective function at these points is 0.45 X 5250000 = 2362500 and 2.7 respectively. The value of the objective function at the points of ray AD beyond point A would be 0.2x + 0.25(10500000 - x) i.e.
Small as this may be, the total amount of fuel saved from public transportation use currently is estimated to be equal to 1.4 billion gallons of gasoline (based on the figures of the year 2004), In terms of total barrels of crude oil, consequently this would be the equivalent of 33.5 million barrels of crude oil.
The searches for these optimal solutions continue to shorten costs and achieve higher levels of efficiency. Our case is a similar one. As is the case with most of the top-management groups, our managers have also assumed that the behaviors of the employees would be the same towards their work.
There is a growing importance for small and medium-sized companies to market internationally, which implies the need for a strategy, or relationship marketing. It is exemplified by the concern of international business for an increase in turnover, turnover leveling in cases of a weak economy, and intensive knowledge of competition and market possibilities.
There are varying definitions of entrepreneurship (e.g., Schumpter, 1934; Stevenson et al., 1989; Vesper, 1996) which portray the common feature of entrepreneurship as the act of creating a new venture (Gartner, 1985). Entrepreneurship can be regarded as the process of creating value by integrating the resources for exploiting an available opportunity.
The globalization was considered as the most feasible option for the elimination of all the trade barriers across different countries by the free flow of finance, trade in goods and services and also in attracting huge investments. The heavy reliance on external finance is considered as one of the easiest options for enhancing economic development.
An assessment of the internal and external environment and the firm's immediate competitive position should enable management to identify the major threats and opportunities facing the firm. This is usually the first stage in selecting appropriate strategic options.
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Leaders and managers develop themselves by building skills of the employees under them to create high-performing teams. They are aware that organizational success depends on team performance that supersedes individual efforts. The work of leaders and managers is to motivate those under them to attain peak performance.
Brodie and Merton (1995) determined the most aggregated level of the single primary function of resource allocation to further distinguish the six basic functions performed by the financial system. These are the following:
In order to give way in the entry of goods, services and assets, a financial system should provide ways of clearing and settling payments.
“Project management, is the application of knowledge, skills, tools, and techniques to describe, organise, oversee and control the various project processes.
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The importance of the wise payout policy choice for the companies’ financial wellbeing can be emphasized by the absolute amount of money involved in the process and the fact that the decisions are made repeatedly and regularly. However, it is not the only factor. The most important aspect, perhaps, is the close complexity of relations and interdependence.
The author states that data connectivity solutions for this group of users are a very different requirement than it is for the fixed dialup user or the stationary wired LAN user’. Other companies are IBM, Nokia, and others which offer this technology to their customers in order to respond to the increased demands of the modern IT market.
Unplanned absence
With this, the company spent tremendous amount of money in meeting this kind of incidences. What is the most saddening part of this is that the company would not be able to refund this kind of expenses. In order to be able to cope-up with the recovery on these expenses and to be able not to tolerate such practices there should be a scheduled recovery for unplanned absences or in other words, a system to be looked upon by the employees in order to minimize this kind of occurrences from happening again.
The Custom Woodworking Company launched project Woody 2000 in the spring of 1989. The project encountered several problems in conception and execution with substantial cost and time overrun. After the completion of the project, an external project management consultant was hired to conduct a post-project appraisal.
It is possible to say that to “gain entry” into the sector the company should use a hybrid strategy framework based upon the following assumptions: strategy should employ a combination of differentiation focus and cost control. Cost focus is a lower-cost competitive strategy that focuses on a particular geographic market.
Powell will be short of cash every month and in the amount of £40,000 by March 2007. This means that it's business activity during the period would not generate enough cash to pay for all the forecast expenses, in the expected amounts, and on the desired schedules. For example, it would not have enough cash to pay creditors the £180,000 due in October.
The Canadian automotive industry produces light-duty vehicles — cars, vans, pickup trucks; heavy-duty vehicles - trucks, transit buses, school buses, military vehicles; and a wide range of parts, components, and systems used in vehicles of this nature. The Canadian automotive industry is integrated into NAFTA (i.e. Canada, U.S., Mexico), considered globally competitive.
Sara lee corporation has headquarters in Chicago and operates in 58 countries and nearly 200 nations with having 150,400 employees all around the world, the company is having groups - food and beverages, body care, household products, and branded apparel. In food and beverages, Sara lee provides packaged meat, coffee, tea and also beaked goods.
The author states that the market-orientated companies could be compared against the not so market orientated companies and the differences between these companies are highlighted. Thus, some of the issues that will be discussed here would include a description of how market orientated organizations work.
Marketing the NBA may seem like an easy task, but in reality, its success depends on a number of influences from the global commercial environment. Influences in the global macro environment are, for example, the technological environment, comprised of the total body of knowledge available for development, manufacturing, and marketing.
HRM is a self-explained phrase. It refers to all those activities that are undertaken consciously or unconsciously, internally or externally to an organization whereby human resources of the organization are developed and utilized to maximize the achievement of organizational goals. The most valuable resource for any organization is its human factor.
Different business environments provide varied work cultures and strategies to survive when the competition has been existing globally. Thus knowledge sharing enables to enhance the organizational abilities to better perform among the competitors. BP thus sending the managers and technical staff round the world to every corner to support the peer business entities to excel thus enables the employees to gain experience in different environments and enhancing the value of the parent organization.