Explain how Porter’s five forces framework for industry analysis enables the attractiveness of an industry to be determined. Discuss the usefulness and limitations of the framework in helping managers formulate strategy. The principle question which will be explored throughout this analysis is how do Porter’s five forces framework determine the attractiveness of an industry. The limitations and usefulness of this approach will be examined and in order to investigate this issue there will be an explanation of what Porter’s five forces entail and how firms in the current dynamic market place can still benefit from this model. Additionally a closer inspection on the critique of his theory and a look at how his model can be complimentary to other strategic tools and as well as further developed in order for a firm to create a competitive strategy.
Introduction Leasing is a global business and differences in accounting standards can lead to significant problems in comparability. A universal standard would be needed to provide the consistency required. The joint IASB-FASB project added the topic of lease accounting to the project list in July 2006 as part of the convergence to IFRS. The goal of this project was to create an approach to improve accounting for leases using the conceptual framework definitions of assets and liabilities. Both U.S. GAAP and IFRS currently have standards for lease accounting, which have many similarities, and also some differences.
Since many companies require better information on financial supervision to improve business processes, and requires a system that can handle multiple languages and legal requirements in doing Business in various countries. 3 Q) what have been the results of implementing mySAP at Pierre Lang? Answer: Pierre Lang selected mySAP after evaluating several competing solutions. Today, Pierre Lang uses the country specific versions of mySAP to handle invoicing, tax, language, and fiscal issues. Therefore by implementing the mySAP in Pierre Lang improved the accuracy of information and eliminates the need for manual data transfer tax to develop the report.
Secondly, the auditors also need to take company’s business into account, which including organization, operation and capital structure. For example, when WorldCom made the acquisitions, the two different company structures would be merge into one structure. Thirdly, the extent of recent changes is also an important factor. WorldCom expanded to new market, but auditors did not know if the management had operated effectively in the new market. Those factors will have an impact on assessment of inherent risk.
These changes, taken together, are likely to be even more far-reaching than the great reforms of property law that were made by the 1925 property legislation”.  Is this right? Is the Act a revolution and if so, how long has the profession got to adapt? Timescale of implementation: It is not envisaged that any of the provisions of the Act are to be brought into effect immediately. The Act can and will be brought into force in stages and it is currently envisaged that this will not commence until the autumn of 2003.
Following a brief discussion of developments in the scientific understanding of time, we discuss and illustrate how these new understandings enhance the utility and theoretical soundness of the theory and how time can be integrated into the theory’s main components: goal difficulty, goal attainability, and goal specificity. Time is an important factor in people’s lives, both at and outside of work. A significant portion of people’s cognitions relates to time— namely, past and present experiences, as well as future expectations and plans. However, it is interesting to note that work motivation theories have generally failed to systematically incorporate time as an important variable affecting people’s motivation (cf. George & Jones, 2000; Rousseau & Fried, 2001).
Chapter 2 1) Of what value is learning the fundamentals of tourism’s long history? It is valuable to study this because the first travelers and explorers were the ones who laid the groundwork that modern tourism is based on. What people want and need from traveling and touring countries hasn’t changed much, so learning about this only helps us understand what people want. This is from basics of having and knowing areas have good transportation, what areas to visit and how to visit them. We couldn’t know this if we didn’t know what people liked to do, what could pose dangers to them, and what they wanted, we couldn’t create situations that would allow them to visit areas.
Case: Great Lakes Carriers 1. What marketing data would you want to have available to make the decisión? First of al lis important to know the changes that the demand of cole and iron ore has had during the past few years . Because these have dresead , is important to know the new demand to evaluate two important things: * If its necesary the new ship that Kate sugested , this ship have a maximium carrying capacity but may be not necesary if the demand is low * How are going to be the schedules are also defined by the demand because they need to evaluate the rentability of the transportation in each port , also the frecuency of deliveries because one port can demand more tan another one. With the dates about the demand , GLC can evaluate the ofer that they need to handled the demand , and the way that they are gona do it , if they are going to do some hauls by trucks or by ships , how many workers they need to have , the schedudels that they are going to handled etc.
Original Penguin represent a cultural change for Perry Ellis International in the sense that it is the first time that Perry Ellis has reintroduced a old brand which they had acquired years ago and reinvent it to attract a different target audience. As mentioned in the video, the fashion industry is now dictated by the demands of the younger consumers. The things they seek in purchasing apparels are fashionable, affordability and not only wearable during sports. Chris Kolbe reintroduction of Original Penguin with his ideas and innovation into the market has not enable the Penguin logo apparel but also Perry Ellis to attract young consumers below the age of 30 which previously was not possible. By granting Chris Kolbe full control of the Original Penguin
Harrah’s Entertainment Inc. MBAA 601 Fall 2014 Harrah’s Entertainment Inc. Situational Analysis Phil Satre, the CEO of Harrah’s has revamped his company’s old philosophy in order to remain competitive with upcoming properties and trends. Harrah’s competitors have developed properties that are changing the way casinos are perceived, with path breaking, one-of-a-kind attractions and landmarks. However, with a fifty-year-old company like Harrah’s, which has properties spread across the United States, it would be challenging and cost-intensive to revamp so as to compete with these innovations. In short, it would require moving the company in a totally different direction. Therefore, in order to stay competitive, Satre has decided to focus on Harrah’s core competency, which is customer loyalty.