Wheelen and Hunger’s text[1]: cost leadership. This strategy focuses on “a lower-cost competitive strategy that aims at the broad mass market and requires efficient scale facilities‚ cost reductions‚ and cost and overhead control. This strategy avoids marginal customers‚ and aims for cost minimization in R&D‚ service‚ sales force‚ and advertising.” If used effectively‚ this strategy should reduce and control your labor and overhead costs. This would in turn decrease variable expenses and simultaneously
Premium Profit margin Marketing Profit
Which segment of its operations got Enron into difficulties? The fall of Eron has understandably generated significant interest in the professional literature as well as in the popular press. The activities and events underlying Enron’s collapse are manifold‚ but several stand out as particularly noteworthy. One is the use of special purpose entities (SPEs). Although SPEs often serve legitimate economic purposes and are still in use today‚ Enron used several of them to hide debt and to overstate
Premium Enron Enron scandal
Enron was once one of the world’s leading electricity‚ natural gas‚ pulp‚ paper and communications companies. However‚ in December 2‚ 2001‚ Enron suddenly filed for bankruptcy. During the ten years before Enron¡¦s went bankrupt‚ Enron¡¦s management had started transferring Enron¡¦s funding to personal accounts and made fake balance sheets‚ which provided investors information about how this company goes. (Gibney‚ 2005) These illegal actions‚ performed by certain individuals‚ finally led Enron to
Premium Chief executive officer Balance sheet Enron
been interested in being an Art Director for a while now. I have always been interested in what Art Directors did and what they could achieve. I would want to pursue in being a music art director if I had to choose one. Art Directors have many responsibilities and have get put into difficult situations. Also‚ I haven’t fully decided if I wanted to pursue this career‚but I am very interested in what Art directors do. The Tasks that I would have to do while being an Art Director would have to with
Premium High school Employment High school diploma
Many of us can relate to feeling regularly frustrated‚ thinking‚ “Why is it so hard for us to admit our mistakes?” Carol Tavris and Elliot Aronson’s book‚ Mistakes Were Made (But Not by Me)‚ focuses on why people justify bad decisions‚ beliefs‚ and actions. It also offers suggestions about how we might be able to challenge ourselves to honestly reflect on our choices and take responsibility for our actions. In the beginning of the book‚ the authors introduce the theory of cognitive dissonance and
Premium Psychology Cognitive dissonance Thought
Case summary – Enron Corporation’s Weather Derivatives Steve Haik‚ Dan Sleker and Bas van Bellegem – March 2003 Background In October Mary Watts‚ CFO of Pacific Northwest Electric (PNW) reviewed the forward plan for PNW’s 200-2001 season. PNW’s has been experiencing nearly no EPS growth since 1995 due to deregulation and warmer-than-average winter climate. The stock price had suffered accordingly‚ but there maybe a way to hedge the weather risk via a new “weather derivative” being proposed by Enron’s
Premium Contract Derivative Insurance
ENRON: The Idiocy and the Irony Introduction Red flags were blinding as Enron learned about possible corruption with Enron Oil Trading in Valhalla‚ New York. After the merger between HNG and InterNorth‚ the Valhalla office‚ originally established by InterNorth seemed all but forgotten until quarterly and annual reports were due. Supervisors Tom Harding and Steve Sulentic were rarely on-site‚ preferring the comfort of offices in Houston. Louis Borget who established and operated the trading
Premium Enron
TABLE OF CONTENTS Introduction..........................................................................................1 Who Committed Fraud?.....................................................................1 - 2 How Was Fraud Committed?...............................................................2 - 4 Why Was Fraud Committed?...............................................................4 - 5 Penalties Of Committing Fraud.............................................................. 6
Premium Enron Fraud
Issues Risks Possible Consequences Being Online 1. Cyber-bullying Children may receive texts or emails that make them feel sad‚ embarrassed‚ upset‚ depressed or afraid. This could be damaging to the child’s self-esteem and psychological well-being 2. Grooming Used by child sex offenders with the goal of obtaining sexual contact. 3. Confidential information Could inadvertently give out personal information such as
Free Mobile phone Internet Bluetooth
MD. ZULKIPLI MATRIC NO : 1333430136 Dr. Abdullah bin osman Enron : Questionable Accounting Leads To Collapse History ENRON CORPORATION. Enron‚ a corporation headquartered in Houston‚ operated one of the largest natural gas transmission networks in North America‚ totaling over 36‚000 miles‚ in addition to being the largest marketer of natural gas and electricity in the United States. Enron managed the world’s largest portfolio of natural gas risk management contracts and
Premium Enron