Situation and Environment of Presscut and the Market of the Clipping
The names of the organization, individuals, location and financial information for this case analysis have been substituted to preserve the original organization’s desire to be anonymous. Since this is a fictitious company there were no information available for research, all information is based on the case study.Presscut is a business in the area of the "clipping", in the business of the monitoring, harvesting, purification and distribution of information for its clients, in operation since the 2006. Presscut began its operation buying several accounts receivable of clients of small negative businesses, fusing personnel and processes to profit the business by means of a better managing management. The market of the clipping grew of €5.5 millions in 1996 to €8 million in the 2000, at the same time that went concentrated by the fusion of some businesses. At the same time, Presscut increased its participation of market from 20% to 25% in 1997 upon buying Average Reports, and then was losing participation, 3% in 1998, and 1% so much in 1999 as the 2000, had a drop for sale in 1999 but went recovering in the following years, to weigh that continued losing market. Presscut step to have a participation of market of 25% in 1998, to an of 20% in the 2000. At the same time, one of the businesses of the competence, Access, that was dedicated chiefly to television, was enlarging its participation of market in an average of 3% annual, inclusive was projected that displaced to Sofres/D + TO, French business up till then leader, in the 2001. Access had been bought in 1999 by Average Schedule and Europe Press with financial backup of Framework Pole Investments. To July of the 2001, the problem of José Luis, majority associate of Presscut and President of the Counsel, was that was found in the disjunctive one to decide if to sell the business to Access Group, that had done a proposal of purchase or to continue functioning for its account. In case to sell, had to define a sale price and to evaluate well the terms of the transaction.
SYMPTOMS In the five years that carries of operation, Presscut to had a highest rotation of executive personnel, there have been 5 managers in 4 years. During this time there has been years in which the information of their accounting states has been modified for its executives, disguising the real situation that passed the business in those years due to its bad management executive and poor politics of collections.
This case arose when I went out of town on my first business trip. I have been a sales trainee for the last six weeks, and my supervisor felt it was time to send me out. I was lucky enough to get sent with the number one sales rep for the company, Vince Collier. I was excited because I knew that if I was going to learn the best ways to make a sale, it would be with Vince.
In order to determine the value of operations, and using proforma income statement and balance sheet statement, Cash flow statement was formulated for the next 5 years. The Account Receivables plus the Inventory minus the Account Payable was determined as Net Operating Working Assets. An organization cost of 0,000 was amortized over the 5-year period.
One must understand that the integral core of a company rests in its accounting and financial areas. The departments’ need employees with an advanced knowledge and skill set to ensure the payment of supplies and accounting on the expenditure is correctly recorded. If the accounting desk presents inaccurate spending calculations on behalf of the company, it could result in spending more than what has actually been earned; this could lead to the company not only being unable to increase in revenue, but also experience loss. It is imperative that the management of the financial department is well informed and able to make decisions by taking into account the usage of every coin stated in the expenditures, and also to know the amount of revenue the company is making so that we can plan on better strategies to improve the revenues (Lu, Madu, Kuei & Winokur, 1994).
Friends since college, Mr. Slater and Mr. Morris are top salespersons at a car dealership; both were recently in competition for a promotion to Assistant Sales Manager along with a third top salesperson, Kelly Kapowski. On Monday August 25, sales manager Brett Belding informed Mr. Slater that his interview was cancelled citing that Mr. Slater was not “manager material,” and referenced Mr. Slater’s behavior via Facebook as irresponsible.
The new contract was offer by the department store chain of mass merchandise, and its currently sell a competitor’s items but, would like to add an exclusive product line that would lead the company’s products to be seen everywhere which means the demand for their products more likely to increases but, Lancer Gallery will not be the sole business supplier for its customers. On the other hand, signing this contract will be risky for the company which means they will shift the business organization, from the focus on the authentic artifact to the production of their
Porcini’s Inc. is undergoing the process of growth and change. It is evident that the firm is entering in another phase that the management are pondering. The firm has employees who have the customer oriented minds and the management of Porcini’s expects them to cultivate the right customer attitude. The right kind of people is giving the entity the competiveness that the firm requires. There is risks when the growth of the firm grows or expands very fast than it can be controlled by the management. Given the fact that management need to select the options fully. Porcini’s management is conducting a customer research that will determine the customer’s needs in the market. The operation strategy, customer research and the location analysis for possible expansion will create huge value to the firm in the long
A business can either take a step forward or a step back depending on the external and internal influences and how they handle them, they can either flourish or enter stages of degradation and cessation. External and internal influences on a businesses plays a part in the opportunities that arise in the industry the business operates in, otherwise the business may choose to venture out of it’s defined industry depending on the opportunities at hand. Businesses are affected by internal and external influences to a degree where they are either benefiting or suffering from the way they handle opportunities that arise. The five articles depict the problems encountered by businesses no matter their size or industry.
The main problems that are affecting the company were the high level of labour turnover, below target production rates, high levels of scrap, the employees had little input in the decision making, therefore resulting in low motivation and job satisfaction, and didn't have enough feedback on there performance. Added to this was the conflict between the supervisors and employees in the production and packing areas, and the grading and payment levels wasn't satisfactory to the employees.
There is an enormous prospect for the Pkolino Company to start a business. The current task has adequate resources and a great plan to keep it operational. Nevertheless, dangers that might plunge Pkolino Company into financial disaster are also present. This is due to the fact that there are always a couple of things that tend to advance in an unanticipated direction even in a well- planned plan. For instance, P’kolino Company’s financial statements do not have provisions for the worst, average, and best scenarios.
3. The contributing factors to their ineffectiveness were poor planning and leadership. The company grew to quickly. In their desire to grow and expand, the company’s senior management did not establish and follow ethical practices that would sustain the company. Controls were not established in key places, such as, accounting practices and principles. Senior management failed to appropriately manage the activities of lower level managers and set a bad example.
In the case study of Fe’nix Del Sur, a company that sells large variety of artifacts belonging to South American and African according to the authors. I will intent to describe the use of DECIDE process in the evaluation decisions process of a company, analyze the four analytical categories for examining the case, it also describes the market of Fe’nix Del Sur, it’s possible target markets being considered by Fe’nix Del Sur and also explain Fe’nix’s distinctive competency (Kerin & Peterson, 2010).
Billcutterz.com is a type of website which cuts or saves Money for customers from bills or cut the bill into half which helps the three parties (customers, utility company and the billcutterz company itself) to earn and save more money.
Russel Y., Topper S., Akerman L., Oliveira J., Strydom Z.; 2013; Studying Business NSC Business Studies Grade 12; 2013 Edition; Paardekraal; Excom Publishers; 26/05/2014
The purpose of this document is to describe the nature, purpose and scope of accounting and it deliberately explains the details of each category in accounting. Accounting involves in preparing financial documents of an entity by analyzing, verifying, and reporting this records. It emphasizes its major characteristic role in field of banking and finance, with a mixture of supportive sub topics.
Describe the key elements of Primo Benzina’s business strategy and performance from 2006-2009, with reference to the financial statement provided. Also include financial analysis and industry/competitors comparisons. Dis...