Financial Statement Analysis of Gul Ahmed - 5883 Words

COURSE Financial Statement Analysis Report on Financial Statement Analysis of Gull Ahmed Company SUBMITTED TO Sir Raza Haider Sawal SUBMITTED BY Mohammad Sadiq Imran khan Raza Khan Taimur Shareef BBA Hons Semester Vii Section A INSTITUTE OF MANAGEMENT SCIENCES | PESHAWAR Financial statement analysis Introduction: Financial statement analysis is the art of transforming data from financial statement into information that is useful for informed decision making. Financial analysis involves the use of various financial statements. These statements do several things. First the balance sheet summarizes the asset, liabilities, and owners equity of a business at a moment in time, usually the end of a quarter or year. Income statement summarizes†¦show more content†¦Quick Acid Test Ratio: A more conservative measure of liquidity is the acid test or quick ratio which is actually the measure of liquidity calculating by dividing the firm’s current assets minus inventory by its current liabilities. Formula: Quick acid ratio = Current assets – inventory Current liabilities The quick acid ratio of the Gull Ahmed Company of year 2009 is = 7359272000-4333234000 7749618000 = 0.39 Above stated ratio shows the firm’s ability to meet its current liabilities with its most liquid assets. Quick acid ratio is always less from current ratio because of inventory. A quick ratio of greater than one is generally recommended but as with current ratio it’s also depend upon nature of the company. However the remaining year’s ratios are obtained through this method. The table of five year ratio is given below: Year | 2005 | 2006 | 2007 | 2008 | 2009 | quick acid Ratio | 0.54 | 0.47 | 0.47 | 0.42 | 0.39 | Trend analysis: Generally quick ratio of greater than one is recommended but as with current ratio it’s also depend upon nature of the company. It is clearly shows from the above data of gull armed company that the company quick ratio is very poor with respect to its past data. Quick acid testShow MoreRelatedComparative Analysis of Gul Ahmed Textile with Industry8589 Words   |  35 PagesANALYSIS OF FINANCIAL STATEMENTS Final Project Gul Ahmed Textiles Limited Submitted to: Prof. Asif Bashir Submitted by: Muhammad Naseem Hayat L1F09MBAM2036 Rustam Javed L1F09MBAM2034 Hasan Mir L1F09MBAM0016 Section: A Dated: Friday, 31 August 2012 Contents Gul Ahmed 3 Firms Comparability: 3 Industry 3 Size of the firm: capitalization 4 Sales 4 Ownership: 5 International: 5 short term credit analysis 6 Analysis of Current Assets and Liabilities: 6 Current Asset Composition:Read MoreFormal Report on Gul Ahmad Textile3989 Words   |  16 Pages1. Introduction The purpose of the report is to present the company profile of Gul Ahmed textile industry. The current status along with the services and products offered by the company will be reviewed in this report. The report also mentions some opportunities the company has. The Companys board of directors includes six family members of the founder member of Gul Ahmed Group – Late Haji Ali Mohammed. The group has been carrying on business in the INDO Pakistan Sub Continent from the early 1900Read MoreMarketing Report of Gul Ahmed Textile Mill10361 Words   |  42 PagesDissertation (Marketing)29May 2008 Marketing Plan for Gul Ahmed Textile Mills Private (ltd) Table of contents Executive Summary 5 Statement of Purpose 9 Methodology 10 Delimitation 11 2. The Analyses 11 Gul Ahmed Textile Performance (History) 11 Corporate Profile - Major Companies 12 Corporate Profile - Business Activities 12 Textiles 12 Power 12 Management 12 Quality Policy 13 Social Policy 13 Environmental Policy 14 Health and Safety Policy 14 Sales review 14 2.2 The Macro EnvironmentRead MoreThe Impact of Corporate Governance on the Timeliness of Corporate Internet Reporting by Egyptian Listed Companies10157 Words   |  41 Pagesissue and full text archive of this journal is available at www.emeraldinsight.com/0307-4358.htm MF 34,12 848 The impact of corporate governance on the timeliness of corporate internet reporting by Egyptian listed companies Amr Ezat and Ahmed El-Masry Plymouth Business School, Plymouth, UK Abstract Purpose – This study seeks to examine the key factors that affect the timeliness of corporate internet reporting (CIR) by the Egyptian listed corporations on the Cairo and Alexandria StockRead MoreClothing Store Case Study8603 Words   |  35 Pagesexternal factors on the industry varies (as in every industry) and is computed with analytical tools like PEST-C analysis and Porter’s five forces model. Nonetheless, fashion industry assures new arenas of growth and development; new opportunities for employment. This industry promises a different national projection that is serene and contemporary. Later, an extensive internal analysis of the company of concern is carried out, which in this piece of work is Maria B. Maria. B. is one of the

Professor Tocker Free Essays

Shop This project has to do with price elasticity, which is a measure used in economics to show the responsiveness of the quantity demanded of a good or service, in regards to the quantity demanded for a good or service to a change in its price. It will also give the percentage change in quantity demanded in response to a change in price. (wow. We will write a custom essay sample on Professor Tocker or any similar topic only for you Order Now coursesmart. com/97812568314/page 551). A measure of the relationship between the change in quantity demanded of a particular good and a change in its rice relates to prices sensitivity. If a small change in price is accompanied by a change of quantity demanded, the product will be elastic. A product that is inelastic is when a large change in price is accompanied by a small change in the quantity demanded. Elasticity is sensitive to change in price, the degree to which demand for a good or service, in this case the flowers I am selling, varies with its price. It has to do with sales, when sales increase with a drop in price and decreases with the rise in price. Things like appliances, cars, and other non-essential, or luxury items, show elasticity of demand, it is because they are not essential items such as medical supplies, food, or etc. (www. businessdictionary. com/definition/ elasticityofdemand. html) Inelastic demand is when a demand for a product doesn’t increase or decrease with a fall or rise in its price; an increase in price would increase the revenue regardless of a fall in the quantity demanded. Inelastic examples would be groceries, gasoline, etc. things that are necessities. The ercentage change in quantity demanded is less than the percentage change in price. It is also unresponsive to changes like demand, when it falls to increase in proportion to a decrease in price. (Tocker, R. (November 26, 2013) Econ 212 2 203 3 [chat 4]. Retrieved from Colorado Technical University Virtual Campus. ECON212 13048-02 Principles ot Microeconomics: nttps://campus. ctuonline. edu) The price of a laptop increases by 20% and there is a 40% drop in quantity demanded of the laptop. Then formula would be: Formula = Percent of change in Quantity demanded of Laptop Percentage of change in Price of Laptop Quantity Demand 40% = 4 = 2 Price Increased 20% 2 Since the result is greater than 1, the demand for the laptops is elastic, and the effect on total revenue of an increase in price which will mean that the total revenue will fall. Inelastic demand is Just the opposite of elastic demand, because consumers will buy it regardless of price. Formula = Percentage of quantity Demanded of Cigarettes Percentage of price increase of Cigarettes Demanded The price of cigarettes increased by 10%, and there is a 5% drop in the quantity emanded. Quantity Demanded 5% Price Increased 0. 10 Since the result is less than 1, the demand for cigarettes is inelastic and the effect on total revenue on a decrease in price, which will mean that revenue rises, then total revenue will be unchanged. (wrww. economicsrevealed. co. uk) I think bridge tolls are inelastic, people will pay them regardless of price; it helps to maintain roads and reduce traffic congestion this is something people will Just add to their daily expenses for getting to and from work. As far as beachfront property is oncerned, I think many people would love to own beachfront property; however, it is not a necessity this would be a luxury, which is elastic. Gourmet coffee and cell phones could be both either elastic or inelastic, depending on if you believe it is a necessity or a luxury. My personal opinion is that it is a necessity, but the applications and downloads that are available to you are a luxury, an added feature is something your do not need. I could not imagine being without my cell phone, but I don’t want to pay for all the extra apps that are available. I honestly believe that gasoline is inelastic because you need it to travel, getting back and forth to work, etc. Regardless of what price the gas may be we will pay it in order to get to our destination. Owning and running a floral shop, I have to look at the supply and demand. While Valentine’s Day is when roses are in high demand, but supply is low; however, you also have a higher demand in flowers during Christmas and Hanukkah, Mother’s Day, Easter, and Memorial Day. The best time for me to raise prices would be in February, ecause of the high demand; again in May to deal with the demand for Mother’s Day, Memorial Day and weddings throughout the summer months. How to cite Professor Tocker, Papers

Strategic Management Case Analysis Process - Free Sample Solution

Question: This assessment task requires you to perform a detailed analysis of the Google case stud.You may supplement the knowledge gained from this case study with your own research on Google? Answer: Introduction Strategic management refers to the strategic analysis of external environment and internal environment of an organisation that serves as a base for developing and retaining optimum management practices (Ansoff, 2007). It is a continuous process that helps organisations in development, implementation and evaluation if strategies and decisions in order to achieve desired organisational goals and performance objectives (Abraham, 2012). This assignment analyses the external and internal environment of Google and reviews its competitive strategies. Google is a multinational corporation that specialises in internet-related services and products (Google Company, 2015). It was founded by two Ph.D. students of Stanford University Larry Page and Sergey Brin in year 1996. Google was initially known as BackRub that was started as a web search engine. Google has been able to capture a 70 percent of worlds internet search market share with Microsoft, Apple and Yahoo as its primary competitors in the industry (Steegle, 2013). In year 2014 Google has been listed as the worlds most valuable brand with Apple taking up the second position. External Environment Analysis External environment or the operating environment of an organisation comprises of factors surrounding it, like conditions, events and entities that greatly influence its activities and decisions and help them identifying various opportunities and threats (Nilsson Rapp, 2005). PESTLE analysis can be conducted to get an in-depth understanding of Googles external environment. Pestel Analysis PESTEL analysis helps analysing the macro environmental factors that affects Googles overall operations. PESTEL is an acronym for political, economical, socio-cultural, technological, ecological and legal factors (Freeman, 2010). Political Factors: It helps measuring the level to which government intervenes in the economy (Strategic tools: SWOT and PESTLE, 2009). It focuses on facts like labour law, tax policy, environmental law, political stability, tariffs and trade restrictions. Overall stability of the government greatly benefits Googles overall profitability as a stable government facilitate business growth which in turn results in growth of revenue from advertisements for Google. Government do not pose too much identified laws on level of Information sharing thus common laws do not influence Googles operations much. China however has laid restrictions on Google prohibiting them to operate on their terms. Economical Factors: It includes factors like inflation rate, economical growth, unemployment, exchange rates and interest rates (Vermeulen Cureu, 2010). Owing to its area of business Google is not very much affected by changes in economical factors. This is clear from the fact depicted in case study that in year 2009 Googles financial performance in comparison to its competitors was shocking wherein it held first position in overall per share data and growth categories and second positing in overall profitability. Socio-Cultural Factors: It includes factors like income distribution, population demographic, level of education and lifestyle change (Wittmann Reuter, 2013). Change in social trends and culture greatly affects the demand of product/ services and overall operations of an organisation. Changes in social trends and culture within society have always benefited Google as it is referred to as a warehouse of knowledge and information. Technological Factors: It includes factors like investment and level of research and development, technology incentives, automation and rate of technological change (Vermeulen Cureu, 2010). Google is a technological company thus is greatly affected by technological factors which are its main competitive strategy. Technological innovation is the key mantra behind Google exceptional growth and the company spend spends most of its time and money on RD activities. Ecological Factors: It includes factors like climate change, weather, environment conservation etc. Googles overall operations are not that much affected by ecological factors. Legal Factors: Like any other organisation Google also has to adhere to basic laws like, employment laws, consumer laws, discrimination law, health and safety laws etc. Google has been awarded as one of the worlds best employers and best company to work with. Porters Five Forces Analysis Porters five forces analysis helps in analysing the degree of competition within an industry and developing business strategy (Porter, 2008). Threat of Competitive Rivalry: High Google faces tough competition from four big companies Microsoft, Apple and Yahoo. Unlike Google these companies has diversified in several industries while Googles area of focus just include Advertising, Search, Mobile and Apps. Microsoft: Founded in year 1974 by Bill Gates and Paul Allen, Microsoft today is recognised as the worlds leader in software services and developing solution that help businesses attain their full potential. The company operates in five business segments namely; windows and windows live, server and tools, online services, Microsoft business and entertainment and devices. It has presence in 109 countries and has reported a sales value of $58.4 billion which is 243 percent of Googles sales values. Yahoo: Founded in year 1994 by Jerry Wang and David Flo, Yahoo is one of the recognised search engines and has reported sales of $ 6.5 billion which is 27 percent of Googles sales values. Yahoo has its focus on four categories of business namely; integrated consumer experiences, applications, search and media products and solutions. Yahoo and Microsoft recently have agreed for a mutually beneficial relationship in order to catch up with Google. Apple: Founded in year 1976 by Steve Jobs, Steve Wozniak and Ron Wayne adopted a hardware approach for market entry in contract to its competitor Microsoft. It has opted for geographic segmentation instead of individual subsidiaries. Apples main product offering include; Mac desktops, Mac portables, Music related products and services, iPhone and its related products and services, Peripherals and other hardware and Software service and other sales. Apple has reported sales of $36.5 billion which is 152 percent of Googles sales value. Threat of New Entrants: Low to Medium New entrants face almost negligible barriers for entry into the internet marketplace. Also in case of search engine business software services are associated with no switching cost. Developing a better search engine is not at all an impossible task however it is not at all possible to beat or even match Googles core competencies and financial position. Thus, Google face low to medium treat from entry of new companies. Bargaining Power of Suppliers: Low to Medium Google is a big brand name and suppliers themselves want to be associated with it. As depicted in the case study Google make use of third parties to create applications that are outside the reach of their expertise. Google receives 20 percent of the revenue collected from such applications without allocating its own resources. However Google does feel some threat from big suppliers like Microsoft and Apple whose platforms and operating systems are used to support Google tool. A disagreement from their end can cause Google tool to become mal-functional. Bargaining Power of Customers: Medium to High Customer is at the heart of all business and corporate level strategies. All organisational strategies are formulated keeping in mind the needs of target customers. Though Google enjoys a high brand reputation and customer loyalty it still has to update its strategies and technologies to meet the changing needs of customers. Customers however cannot even think of a day without Google that has almost become a necessity. Google enjoys an internet search market share of 70% and its next to impossible for any other search engine to replace it. Threat of Substitute Products: Medium to High Google faces tough competition from three big players Apple, Yahoo and Microsoft; these companies also operate in the same segment as Google. They are equally strong in terms of innovation, technology and financial position. Though the threat of new entrants does not have too much effect on Google however it is well aware that creation of a similar product is not something that cannot happen. Google has to focus on continuous innovation which is not only important for survival but also for retaining its market position. It has all the necessary technologies to remain successful in this industry like storage, server hardware and bandwidth. Strategic Environments Google operates in four different segments each of which has its own set of challenges and competitors. In order to sustain in this competitive environment Google use differentiation strategy wherein it has developed different strategy to target different segments (Bonnici, 2011). Search: Google believes that a perfect search engine understands and delivers what is exactly needed by customer. Google strategy to target this segment was to put complete focus on a developing product features instead of spending on marketing campaigns. A product that was user friendly, with global access, delivered useful commercial information, worked on multiple access platforms and resulted in considerable improvement of web. Advertising: Google uses single overarching strategy to deliver useful relevant ads that are targeted and cost effective. AdSense and AdWords are Googles main advertising products. Its advertising strategies restricts placement of ads between search results which greatly benefit end users. Apps: Gmail and You tube are the most commonly and extensively used Apps of Google that is available free of charge adding to its brand reputation and goodwill. Google relies on outsourcing and strategic alliance strategy to involve third parties that use their expertise and resources to create applications for Google who gets a share of 20% from revenue generated from these apps without using any of its resources. Mobile: Google witnessed exceptionally high growth in this segment owing to its open-source freely available operating system Android. Google has a unique product, pricing and distribution strategy for this unique product. It is a feature rich product that is freely available and open to source and are distributed to mobile manufactures free of cost rather they receive a share of revenue generated from advertising from Google. Key success factors Google faces tough competition from its four major rivals and in order to retain its position Google spend most of its operating expenses to perform research and development activities. It has made its advertising business as the main source of revenue. As all its products and services are virtual they do not involve cost of labour, warehousing, production and distribution thus limiting its cost of sale. In addition to its effective leadership Google owes its remarkable success to its capabilities in four major areas; Web search functionality is recognised as an essential contributor in Googles business and is an indispensable feature of the internet. It allows users to search in 130 languages and the company owns around 160 country/ regional domains that are localised. Advertising sales accounts for 97 percent of its revenues. Google makes the ads unobtrusive so that they match users needs. Google Apps comprises of a set of cloud computing tools that include Gmail which changed the face of online email by offering free email with 1 GB storage, Google docs which is a set of online editing tools that allows users to share documents with anyone such that documents can be edited by several users at the same time, Google Calendar, Orkut which is a social networking site, Picasa for photo editing and sharing, YouTube for video sharing and other such Apps. Googles entry into the mobile computing technology has lead to the development of Android operating system created by the Open Handset Alliance which is formed by grouping of 71 mobile and technology companies. Android is an open-source, freely available operating system for mobile phones. Driving forces of change Google currently faces three main challenges that are recognised as major driving forces of change. Firstly it needs to focus on how to manage growth of Android market. It has to devise sustainability strategies for growth of Android in the market, find out ways to monetise and take advantage of mobile computing, develop competitive strategies to increase sales of Android based handsets as compared to competitor products and how can it target and please wireless providers. Secondly it needs to emphasize on how it can manage the escalating situation in China. It has to formulate strategies on how it should provide its contents to China without affecting its relationship with the providers of cellular phone services there. Lastly it needs to focus on responding to customer queries regarding data privacy. It has to devise strategies that will help in further safe guarding users privacy. Google must maintain customers trust without which it will not be able to perform its business practices. Internal Environment Analysis Internal environmental analysis includes review of organisations mission, overall operations and internal leadership/guidance (Web-books, 2014). Googles mission and vision Googles mission is to organise the worlds information and make it universally accessible and useful (Google Company, 2015). It wants to bring the world to within every customers reach through its search engine, apps and advertising and mobile platforms. Its mission speaks about its goals and gives it a platform to move ahead in future. It is not timeline thus reveals Google willingness to redefine limits of internet usage. Googles vision is to develop a world where technology does all the hard work and people do what makes them happy. They focus on building great things that do not exist (Carlson, 2013). The company aims at developing a technology driven world. Googles culture and leadership As depicted in the case study Google fits into the hard working informal culture which is key factor behind his remarkable success in such short span of time. Google encourages high diversity of workforce which is a representation of globally diversified customers they serve. They have an open culture were all employees are encouraged to share their views and work they ways. They greatly encourage fun with work and their complete infrastructure supports this belief. Google owes its grand success to its prime leaders Larry Page, Eric Schmidt and Sergey Brin. Effective leadership is essential for development of a company life Google (Dockery, 2011). They display use of transformational leadership style wherein they possess the inherit charisma to influence others and make them live by values that support their ideas and vision (Armstrong Stephens, 2005). Their contribution is critical for the overall management of the company and they are the once who lead to the development of Googles culture, technology and strategic directions. Larry Page is responsible for the companys product development, day-to-day operations and technology strategy. Eric Schmidt is CEO of Google and is the person who scaled Googles infrastructure, diversified product offerings and developed a strong innovative culture. Sergey Brin is Googles president of technology and shares responsibilities with Larry and Eric. Googles Current Structure Google displays a flat organisational structure with very limited hierarchies. This is clear from the fact that Googlers can ask all their doubts related to various company issues directly from top leadership of the company. Google is recognised as one of the most sustainable business of the world. Googles sustainability practices helps it in retaining its competitive advantage in order to secure and grow its internet market share of 70%. Googles competitive advantage is rooted from its ability to leverage the power of free. Continuous innovation is the key that helps it maintaining its top position in the internet industry. Googles distinctive competencies help it remain sustainable and retain its competitive advantage. Google in comparison to its competitors has better products, strong and unique infrastructure, appeal for advertisers and high traffic thus setting standards that are unmatched by rivals. Google has all the technology necessary to retain its competitive advantage and market share. Server Hardware: Instead on investing huge operating expenses on purchasing server hardware Google has built its own server hardware. It is occupies the fourth position among the list of Worlds largest server manufacturers. The scale of their computing resource is unimaginably large. Storage: Similar as the case of its server hardware Google following a different strategy of relying on high redundancy models that have low price with cheap individual drives that are most likely to fail. Bandwidth: Googles differentiation strategy again works well in this case; the company has purchases dark fibre in large scale which prevents it from making huge investment on purchase of Bandwidth. Google has future plans of making good investment on developing ultra fast fibre networks with an aim to redefine the competitive landscape of broadband America. Googles value chain analysis Googles value chain takes up a different structure as it does not produce physical goods. Figure below represents Googles value chain. Fig.1. Source: Ansoff (2007) Google attracts high traffic of web-users to its search engine by delivering highly relevant search results. These same web-users are then directed towards its advertising partners by following ads that are unobtrusive and relevant. Google keeps a track of users by keyword association and search history in its apps like Gmail and YouTube through which it can predict their interest and accordingly delivery ads that are of interest to the user. This not only adds value for the advertising partners but also for the web-users who are directed towards sites that will actually benefit them. The primary activities (Search, Advertising, Apps development and Mobile computing) performed by Google are greatly affected by support activities preformed by human resources and administration. Google employs more than 40,000 people in 70 countries. It encourages a diversified workforce who works in an open culture where innovation is the key to growth and overall success. They prefer smart working people which high determination and more ability than experience (Google Company, 2015). Google has all the necessary technology to sustain its competitive advantage, it builds its own server hardware, relies on high redundancy models that have low price with cheap individual drives that are most likely to fail and hardly pays much for band width as it uses fibre optics based network dark fibre. It generates maximum revenue from its advertising business which is supported by businesses of other three segments. Conclusion Google should focus on market development strategies to take advantage of opportunities presented by developing economies of Middle East/ Africa and Asia Pacific regions. It should emphasize more on developing strategic alliances in such regions in order to benefit from knowledge of localised entities. Google needs to develop better and more focused marketing strategies to increase sales of Android based handsets. It should make efforts to negotiate with China so that they can enter into a mutually beneficial relationship. Google needs to emphasise on developing strategies that will help them guarantee web-users privacy. References Abraham, S. C., (2012) Strategic Planning: A Practical Guide for Competitive Success. Bingley: Emerald Group Publishing. Ansoff, H. I., (2007) Strategic Management. Hampshire: Palgrave Macmillan. Armstrong, M. Stephens, T., (2005) A Handbook of Management and Leadership: A Guide to Managing for Results. London: Kogan Page Publishers. Bonnici, C. A., (2011) Creating a Successful Leadership Style: Principles of Personal Strategic Planning. Plymouth: RL Education. Carlson, N., (2013) Larry Page Lays Out His Vision For The Future: 'We're Only At 1% Of What's Possible. [Online] Available at: Dockery, D. S., (2011) Christian Leadership Essentials: A Handbook for Managing Christian Organizations. Nashville: BH Publishing Group. Freeman, R. E., (2010) Strategic Management: A Stakeholder Approach. Cambridge: Cambridge University Press. Google Company, (2015) Google Company. [Online] Available at. Nilsson, F. Rapp, B., (2005) Understanding Competitive Advantage: The Importance of Strategic Congruence and Integrated Control. Hamburg: Springer. Porter, M. E., (2008) Competitive Strategy: Techniques for Analyzing Industries and Competitors. New York: Simon and Schuster. Steegle, (2013) Steegle. [Online] Available at: ]. Strategic tools: SWOT and PESTLE, (2009) Strategic tools: SWOT and PESTLE. [Online] Available at: Vermeulen, P. A. M. Cureu, P. L., (2010) Entrepreneurial Strategic Decision-making: A Cognitive Perspective. Cheltenham: Edward Elgar Publishing. Web-books, (2014) Developing Strategy Through Internal Analysis. [Online] Available at: . Wittmann, R. Reuter, M., (2013) Strategic Planning: How to Deliver Maximum Value through Effective Business Strategy. London: Kogan Page Publishers.

Lee Iacocca Essays - Transport, Automotive Industry,

Lee Iacocca Nate Spohn 11/1/00 Book Report Iacocca an Autobiography Lee Iacocca grew up in Allentown Pennsylvania, very close to my hometown of Boyertown Pa. My geographic connection with Iacocca is one of the reasons I chose to read his autobiography. We are both very interested in automobiles and automotive history, which connected me even further with Iacocca . Iacocca believes that you can become and achieve anything in life as long as you have strong determination and motivation. I too share this belief. Lee Iacocca did not focus his life on goals that others set for him; he followed his heart and his dreams, which someday is something I hope to be able to say about myself. Iacocca, the son of Italian immigrants grew up in an upper middle class family. His father started out with nothing and over many years, he managed to build a successful chain of hotdog restaurants in Pennsylvania. Because of his father's success and strong beliefs in the value of education, Iacocca grew up attending private schools and eventually found his way into Lehigh University. While attending, Lehigh Iacocca earned a degree in Mechanical engineering. Upon his graduation, he landed a very prestigious job with Ford Motor Company. In August 1946, Iacocca began his work in the engineering department of Ford. After a year of engineering Iacocca discovered that it was not what he wanted to do with his life, he wanted to be in sales. Ford agreed, which was the start of a very successful venture for Iacocca and the Ford Motor Company. Through many years of hard work, Iacocca was promoted to top management. This is where he found himself living his dream. He never wanted to leave work at the end of the day and could not wait to go back the next morning. Although Iacocca was doing very well and could not be happier, the Ford Motor Company was going through hard times. General Motors was really hurting Ford in sales and in innovations. In the late 50's and early 60's Ford produced cars that were just not selling and were real failures in the industry. Iacacco knew something had to be done, and he convinced president and CEO Henry Ford Jr. that he was the man to do it. Through many months of close arduous work with Ford's design team, Iaccoca came up with the Idea of the Mustang. Ford Jr. was no t at all excited about the idea, but at this point he figured he had nothing to lose. He decided to give Iacocca's Mustang a shot. This shot in the dark not only turned out to be the Ford Motor Companies' biggest success, but also the biggest automotive success in the world. In the first quarter of 1964, Mustang sales marked the highest level of automotive sales in history. In one year 418,812 Stangs were sold to American car buyers. No matter what anyone said, Iacocca was convinced that his Mustang would be a success. Actually, it ended up single handedly saving the Ford Motor Company from bankruptcy. At this point, Iacocca was known as a powerful and knowledgeable force in the automotive industry. However, this success and power came at a price. Henry Ford Jr. saw the success and praise Iacocca was receiving. He became scared that Iacocca was working toward eventually taking over Henry Ford's position as president and CEO of Ford Motor Company. The only solution Henry Ford saw to this problem was to fire Iacocca before he had the chance to take over his position at the top. Being fired after over 30 years of successful work at Ford left Iacocca scared and bitter towards Ford forever. At the age of fifty-four Iacocca felt too young to retire but too old to start working in a new kind of business. It turned out that he would not even have time to think about that dilemma. Chrysler was a failing company who needed the expertise and knowledge of Iacocca. Meetings between Iacocca and Chrysler were kept secret as to not involve the media. Iacocca wanted to be his own man; he was tired of working under someone else. He would not take a job with Chrysler unless he could be CEO and president.

ll Live In Infamy

Pearl Harbor, inlet of the island of Oahu, Hawaii, 10 km (6 mi) west of Honolulu, and the site of one of the principal naval bases of the United States. Early in the morning of December 7, 1941, Japanese submarines and carrier-based planes attacked the U.S. Pacific fleet at Pearl Harbor. Nearby military airfields were also attacked by the Japanese planes. Eight American battleships and 13 other naval vessels were sunk or badly damaged, almost 200 American aircraft were destroyed, and approximately 3,000 naval and military personnel were killed or wounded. The attack marked the entrance of Japan into World War II on the side of Germany and Italy, and the entrance of the United States on the Allied side. Soon after the attack, U.S. President Franklin D. Roosevelt appointed a commission of inquiry to determine whether negligence had contributed to the success of the Japanese raid on Pearl Harbor. The commission's report found the naval and army commanders of the Hawaiian area, Rear Admiral Husband E. Kimmel and Major General Walter C. Short, guilty of â€Å"derelictions of duty† and â€Å"errors of judgment†; the two men were subsequently retired. Other later inquiries, however, differed in their conclusions. The Congress of the United States, in an effort to dispose of the controversy, decided on a full, public investigation after the war. The bipartisan congressional committee opened its investigation in November 1945. Testimony from many people reviewed all known information about the attack on Pearl Harbor. The committee reported its findings in July 1946. It placed the primary blame on General Short and Admiral Kimmel, who, however, were declared guilty only of errors of judgment, and not of derelictions of duty. The committee recommended the unification of the U.S. armed forces, which occurred the following year. The USS Arizona National Memorial, standing above the remains of the battleship in Pearl Harbor, commemorates the Americ... 'll Live In Infamy Free Essays on A Day We\'ll Live In Infamy Pearl Harbor, inlet of the island of Oahu, Hawaii, 10 km (6 mi) west of Honolulu, and the site of one of the principal naval bases of the United States. Early in the morning of December 7, 1941, Japanese submarines and carrier-based planes attacked the U.S. Pacific fleet at Pearl Harbor. Nearby military airfields were also attacked by the Japanese planes. Eight American battleships and 13 other naval vessels were sunk or badly damaged, almost 200 American aircraft were destroyed, and approximately 3,000 naval and military personnel were killed or wounded. The attack marked the entrance of Japan into World War II on the side of Germany and Italy, and the entrance of the United States on the Allied side. Soon after the attack, U.S. President Franklin D. Roosevelt appointed a commission of inquiry to determine whether negligence had contributed to the success of the Japanese raid on Pearl Harbor. The commission's report found the naval and army commanders of the Hawaiian area, Rear Admiral Husband E. Kimmel and Major General Walter C. Short, guilty of â€Å"derelictions of duty† and â€Å"errors of judgment†; the two men were subsequently retired. Other later inquiries, however, differed in their conclusions. The Congress of the United States, in an effort to dispose of the controversy, decided on a full, public investigation after the war. The bipartisan congressional committee opened its investigation in November 1945. Testimony from many people reviewed all known information about the attack on Pearl Harbor. The committee reported its findings in July 1946. It placed the primary blame on General Short and Admiral Kimmel, who, however, were declared guilty only of errors of judgment, and not of derelictions of duty. The committee recommended the unification of the U.S. armed forces, which occurred the following year. The USS Arizona National Memorial, standing above the remains of the battleship in Pearl Harbor, commemorates the Americ...

Advanced English Tense Review (ESL, EFL, TESL, TOEFL)

Advanced English Tense Review (ESL, EFL, TESL, TOEFL) Its back-to-school time. Before you or your students get down to studying the specifics of various grammar structures, it is a good idea to review the basic English tenses. If you are an advanced student, a review will help remind you of the tenses and also point out any weaknesses or insecurity that you may have. If you are an upper-level student but not yet aware of all the tenses, these exercises will make a good introduction to some of the important structures ahead. For an overview of conjugation in detail of all 12 tenses in English, use the tense tables for reference. Teachers can use theses guides on how to teach tenses for further activities and lesson plans in class The following exercises serve two purposes: Re-familiarization of standard tense names Tense conjugation practice The first exercise is very important as you may not remember exactly the names of the various tenses. This exercise will help you remember the names of the tenses. Once you have finished the first exercise, read the text through one more time to familiarize yourself with it completely. Go on to the next exercise that asks you to conjugate the verbs in the extract. You should be very familiar with the extract so you can concentrate on the correct conjugation. Notice how the tenses relate to each other in time. Remember that many verbs are conjugated based on how they relate to one another. Teachers can use these exercises in class by using the following lesson plan which includes the exercises in a format useful for the classroom. Tense Review Lesson Plan and Materials Here is the original text. Once you have finished, click on the exercise link to begin exercise one. John has always traveled a lot. In fact, he was only two years old when he first flew to the US. His mother is Italian and his father is American. John was born in France, but his parents had met in Cologne, Germany after they had been living there for five years. They met one day while Johns father was reading a book in the library and his mother sat down beside him. Anyway, John travels a lot because his parents also travel a lot. As a matter of fact, John is visiting his parents in France at the moment. He lives in New York now, but has been visiting his parents for the past few weeks. He really enjoys living in New York, but he also loves coming to visit his parents at least once a year. This year he has flown over 50,000 miles for his job. He has been working for Jackson Co. for almost two years now. Hes pretty sure that hell be working for them next year as well. His job requires a lot of travel. In fact, by the end of this year, hell have traveled over 120,000 miles! His next journey will be to Australia. He really doesnt like going to Australia because it is so far. This time he is going to fly from Paris after a meeting with the companys French partner. Hell have been sitting for over 18 hours by the time he arrives! John was talking with his parents earlier this evening when his girlfriend from New York telephoned to let him know that Jackson Co. had decided to merge with a company in Australia. The two companies had been negotiating for the past month, so it really wasnt much of a surprise. Of course, this means that John will have to catch the next plane back to New York. Hell be meeting with his boss at this time tomorrow. Follow the links to begin the exercise: Exercise One: Tense Identification Exercise Two: Tense Conjugation

660 Assignment 5 Example | Topics and Well Written Essays - 500 words

660 5 - Assignment Example Situational leadership model has outlined three critical elements that come into play in the situational leadership theory. Among them is the leader, the followers and the circumstance/situation at hand that has to be handled. Applying this theory to Windber Medical centre and its administration by F. Nicholas Jacob, we get all the three factors of the theory coming into play. First we have Jacob has the leader, the followers being the workers and the situation being the poor state of performance of the hospital in terms of service delivery and its remuneration to its workers. Jacobs’ approach to the situation was one that depicted his task behavior and at the same time relationship behavior. He talked to the workers in a bid to know what they would want done about their workplace to improve the situation. More so he reached talks with the surrounding community in his efforts to establishing good relations with them. He got engaged in instructing the workers what to do, selling ;by extending his relations to the surrounding community, participating and delegating some duty to his juniors for instance putting somebody in charge of the food service. This refers to a follower’s ability and willingness to successfully accomplish a specific given task. This does not evaluate the individual/group’s innate values and qualities. In applying this to Jacobs’ case we find that 32 employees who were not willing and ready to cope up with the new working conditions were laid off as others joined the institution amidst impressive economic and developmental performance. A continuum ranging from R1(lowest readiness) to R4(highest readiness) has been crafted to show the extent of this ability and willingness by the followers to perform task. The task to be accomplished by Jacobs as the president of Windber was to raise the performance of the institution and make sure it’s not closed down. Jacobs had to ensure the old structures