Global Crossing. A brief history/outline. In 2002‚ a huge corporation filed for Chapter 11 bankruptcy‚ despite announcing continual huge company growth the prior year. The company‚ who was audited by Arthur Anderson‚ is in the process of denying accounting irregularities. The company fat cats or executives have made a fortune despite the recent bankruptcy and the invested employees/shareholders have suffered major financial losses. Who is the company? You would not be alone in immediately thinking
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Operational Planning- 4th phase in the planning process. Operational Plan is a detailed plan used to provide a clear picture on how a team‚ section or department will contribute to the achievement of the organization’s goal. Once the strategic plan is approved‚ it must be broken down into operation categories. These set of categories are: Operational Categories 1. Product planning and development 2. Market planning 3. Production Planning 4. Manpower Planning 5. Organizational Planning
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Operational Planning I. Introduction Operational planning is setting up procedures and processes at the lower level of the company in order to meet the overall goal of the company. There are different factors for each company that affects the operational plan and how it is laid out. The operational plan can also greatly influence the success of a company. There is a direct correlation between the operational plan and a company’s strengths and weaknesses. The operational plan must also take into
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TACTICAL AND STRATEGIC DECISIONS Investment decisions may be tactical or strategic. A tactical investment decision generally involves a relatively small amount of funds and does not constitute a major departure from what the firm has been doing in the past. The consideration of a new machine tool by a motor manufacturing company is a tactical decision‚ as is a buy-or-lease decision made by an oil company. Strategic investment decisions involve large sums of money and may also result in a major
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and didn‟t get around to it. You have been living on fast food for the past week‚ and your cupboards are essentially bare. The few items left in your refrigerator are either spoiling or thawing. Tonight you will be dining by candlelight on a frigid‚ three-month-old bean and beef burrito that you will wash down with half a can of a flat diet soft drink. Breakfast is still a question mark‚ since it‟s a toss-up between dry oatmeal straight out of the packet‚ or instant breakfast dissolved in water instead
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Is the decision whether or not to sell Qantas’s frequent flyer program a strategic‚ tactical‚ or operational decision? It would be a strategic decision not to sell Qantas’s frequent flyer program reason being‚ considering the meaning of strategic decision making is an ongoing process that involves creating strategies to achieve goals and altering strategies based on observed outcomes. As to this decision Alan Joyce can take the initiative of increasing the flights rates and in reward its members
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Company Background Global Crossing Limited (GC) is an example of what may occur when there are failures to properly audit financial statements and internal controls. This scandal happened around the same time as the Enron scandal. In early 2002‚ the GC bankruptcy was the fourth largest in the U.S. history. In 2005‚ it settled with the SEC‚ having been determined that it did not comply with numerous accounting laws. ABOUT THE COMPANY GC‚ founded in 1997 by Gary Winnick‚ was a telecommunications
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Financial Contingency Planning: Sources of Funding AJS/522 May 12 2014 Adam Eaton Financial Contingency Planning: Sources of Funding California has the largest prison population in the United States and some countries around the world. For over 40 years‚ the incarceration levels have risen. The prison rates have risen 700 percent since 1970‚ today it is estimated that one in 100 adults are incarcerated. Who pays the bill for this large increase‚ tax payers have and will continue until the
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STATERGIC AND OPERATIONAL DECISION MAKING INTRODUCTION The performance of contracting any firm or an organization is firmly bounded to the quality of operational decisions at the strategic level. Business intelligence (BI) software is applied at three different levels in the enterprise: strategic‚ tactical and operational. At the strategic level‚ BI provides performance metrics to management and executives‚ often in conjunction with a formal management methodology such as Balanced Scorecard or
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benefits of global strategic marketing planning formality. Global strategic marketing planning formality is a process by which businesses and their subsidiaries derive the best decisions and methods so as to compete in the market it serves in. According to Herter (1995) he proclaimed that in the global world regardless of the size‚ every business needs a comprehensive plan which is the first step in order to achieve success therefore a business without proper management style and planning processes
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