Businesses require a tool to measure the execution of objectives. As far as the goals of objectives they are supposed to align with a stated vision and mission. Effective objectives ensure that daily activities align with the big picture or if there will be a need to adjust redirect focus. A balanced scorecard is a tool, generated by Robert S. Kaplan and David P. Norton. Authors Pearce and Robinson (2009) suggest, a balanced scorecard “Is a set of measures that are directly linked to the company’s strategy,” “Directs a company to link its own long-term strategy with tangible goals and actions,” and “Provides a framework to translate a strategy into operational terms” (p. 202).
One hundred year of oil: Oil was found at Masjed Soleyman in southwestern Iran on May 26, 1908, and three years later was piped down to a newly built refinery at Abadan on the Iranian side of the Shatt alrab, not many miles below Basra. Its global importance was immediately recognized, not just by the Admiralty in London, looking for new sources of supply for its oil-fired battleships, but in other European capitals as well leading to a brief British-German-Turkish skirmish for control of the pipeline at the start of World War I. How oil is formed: Millions of years ago, plants and animals living in the ocean absorbed energy from the sun and stored this energy in their bodies in the form of carbon. As these animals died, their bodies sank to the bottom of the ocean where they were covered with layers of sediment deposits. OPEC: OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices for petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry.
(Source 1/3) The 16 billion barrels of oil that lie untapped there would be more than enough to replace the oil Americans would purchase from Iraq for over 58 years. (Source 6/2)With our growing dependency on foreign oil increasing more and more every day, we can not afford to wait any
While the accounting was marked to market, it wasn’t being handle the traditional fashion way with trading prices dictating its value. Instead Enron used its own projections to account in the first year anticipated income from contracts that were a decade or more long. This caused the increase of the stock price without a solid base to justify its true value. This action set up the course for them to lie on every subsequent year to cover up the lies from the prior year. It became such a big snow ball of lies that it took down one of the biggest corporations in American history.
Following the Civil War, labor became a necessity and the rising cost of living provided a crucial incentive to unionization. From 1875 to 1925, the nation experienced several labor upheavals because of labor issues and the rise of big unions. While the Knights of Labor were not very successful at improving the interests of workers due to their idealistic and more radical strategies, the American Federation of Labor was more successful because of their peaceful and pragmatic stance. The Knights of Labor was founded in Philadelphia in 1969 by Uriah H. Stevens, but was structured as a secret society for ten years. The transition of the Knights from a secret organization to a major labor union started when Terence Powderly was elected in 1879 and became public in 1881.
Unlimited access to bailout funds through 2012. So far, Treasury has provided $60 billion of capital to Fannie and $51 billion to Freddie. Some Republicans are angry the administration is expanding the potential size of the bailout without having a plan for eventually ending the federal government's role in the companies. The companies disclosed new packages that will pay Fannie Chief Executive Officer and Freddie CEO as much as $6 million a year, including bonuses. The pay deals also drew fire.
Introduction Bennett Alexander invented a glow light using a series of chemicals into a contraption he calls Chemalites. He started up his business by getting $500,000 from investors and to put his invention on the market (Wilson, 2008). But by the end of 2003, with operations in full swing for a good six months, Chemalite, Inc. saw its cash balance drop tremendously, which Alexander and his investors viewed as a negative. Even though they thought their business was doing well, the numbers they read indicated otherwise. Questions * What are some of the reasons the company should continue to operate?
This leader was the former deputy who took the reins of al-Qaida six weeks after bin Laden's death. He was considered the "operational foreman" in the organization. Zawahiri has attempted to re-establish and increase the operation of al-Qaida and also reconstitute links to its global franchises, with uncertain results. Zawahiri had been described as lacking bin Laden's personal charisma and appeal in rallying new recruits to al-Qaida's banner and uniting disparate extremist groups. However, he remains a dangerous and tactical
Chabros International Group: A World Of Wood As many other companies Chabros International Group faced a financial crisis after the global economic crisis in 2009. The decision from Chami of investing $ 11 million in his Serbian sawmill was taking right before the beginning of the crisis and may have been crucial. Why did Chabros operate internationally? In order to understand Chami’s decision we have to take into account which reasons he argued for expanding his business outside of Lebanon. First of all, Lebanon was a very unstable country and when Chabros received by occasion the first orders from Lebanese customers in Dubai he did not think twice to expand into this country.
British Petroleum Strategy British Petroleum’s has stated its corporate strategy after 2006’s performance. According to the 2006 Annual Review (BP Annual Review, 2006), the corporate strategy can be summarized into four steps: a. Place the health and safety environment as an essential priority in the corporate and continue improving the three dimensions of safety (Personal safety, process safety, and the environment). b. To deliver and execute quality operations and projects in an ever complex business environment.