Initial Corporate Document - 1666 Words

Initial Corporate Document ------------------------------------------------- Scents for Cents Firm Number: ADV51 Prepared For: Michael Manjuris GMS 850 - Global Management Strategy February 10, 2012 Strategy: Low Cost Production Strategy Form of Company: Classical Firm Vision Statement: (1)We wish to achieve an NPV ranking with the top ten advanced firms by Quarter 4, 2014. (2) We also want to attain a debt/equity ratio of 1.2 and maintain it until Quarter 4, 2014. (3) Continually, we want to maintain a Quality Ratio Rate of Return of 3% or lower by Quarter 4, 2013. (4) UPDATED: Lastly, we wish to attain a total Market Share of 20% for perfume in the NAFTA and EU trade areas as well as 25% for aftershave in†¦show more content†¦An important aspect for my role involves purchasing adequate raw materials, in order to meet our forecasted demand for products while meeting the needs of the market. As COO, I have to follow and adjust purchases according to seasonal buying patterns since demand fluctuates. In addition, I study Industry trends found in, â€Å"Dollars and Scents Quarterly,† which provides me with information on the market place and economy. This helps me determine the amount of raw materials to order for the following quarter. I must be aware of new market opportunities and threats to ensure the success of my company. Other responsibilities include working closely with the Chief Legal Officer to ensure the balance of goods manufactured and bought through contracts. Purchasing and material management is an important aspect of my role because I need to ensure that we are purchasing adequate raw materials so we don’t encounter backorders, which are costly to our business. It is also important that we do not over purchase materials and face carrying costs for access inventory or raw materials. As COO, I am also responsible for allocating the appropriate amount of hours, in order to efficiently produce products according to demand so that we do not ensure overtime or subcontracting fees. Lastly, I will be responsible for shipping decisions, which correspond to our demand and production forecasts. Cherie Thi -Show MoreRelatedCase Study720 Words   |  3 Pagesexecutive in charge (of the project). Often such an initial top-level general project description (a business case basically) is required for the project to be justified, approved, and funded at a corporate level, prior to the commencement of detailed project planning. The project manager, typically appointed by the project sponsor or the executive in charge, may be involved to varying degrees in the drafting of the initial corporate project description or business case. It is not unusualRead MoreScope Statement1341 Words   |  6 Pages------------------------------------------------- Product Characteristics and Requirements: 1. ------------------------------------------------- Templates and tools: The intranet site will allow authorized users to download files they can use to create project management documents and to help them use project management tools. These files will be in Microsoft Word, Excel, Access, Project, or in HTML or PDF format, as appropriate. 2. ------------------------------------------------- User submissions: Users will be encouragedRead MoreTransparency And Ethical And Unethical Companies1364 Words   |  6 Pagesanyone interested in them. These documents include quarterly and annual reports of risk factors to the business, results of operations, ongoing business, market and competition, biographical and salary information of management, and financial statements. {2}. The publication of these documents are an example of information disclosure, albeit on a macro-level. If individuals are concerned with the operations of a company, they are fully capable of viewing these documents. However, numerous companies employeeRead MoreThe Development Of The Recovery Team1297 Words   |  6 Pagesincident occurs, these procedures will guide an individual’s response (if the individual is the first to discover the incident); and the initial steps taken by EPCOR personnel, the site’s Command Post, Emergency Personnel and the Site EOC or Departmental EMT. All steps required to procure and manage resources needed to enact recovery procedures are completed in the initial response phase. These include steps required for protection of life and property, damage assessment, communication and staff mobilizationRead MoreManagement Structure, Brand Value And Performance Of Axis Bank1339 Words   |  6 Pagesinternal environment, such as vision and mission, value system, management structure, brand value and performance of Axis Bank. Axis Bank, the third largest player in the private sector banking industry, caters to a wide clientele of large, mid-sized corporates, rural farmers, and consumers in retail banking. Axis Bank is also actively involved in some CSR activities, such as Axis Bank Foundation (a trust for philanthropic activities), and funding of other NGOs etc. Apart from operations in internationalRead MoreManagement Planning Paper on Arthur Andersen1221 Words   |  5 Pagesauditing, Arthur Andersen involved into a legal issue due to the case of Enron Corporation in 2001. It shared all the documents related with Enron s auditing and the lawyers of Enron sued the firm for violating its legal responsibility. This resulted into the loss of firm s reputation and the firm collapsed. The firm was violated in the case of Enron Corporation because of the initial retention policy of auditing papers. In this manner, the company failed to follow its planning function of managementRead MoreRiordan Manufacturing: Information System Proposal1140 Words   |  5 Pagesinformation system, the initial step is to define Riordans business needs and its current technical resources. Riordans ERP system was installed in 1992 and independent from its branch offices. This system is an integral part of the finance and accounting application. Riordan employs over 550 people and has offices located in California, Michigan, Georgia, and China. Each branch office has an independent finance and accounting system that is consolidated at the corporate headquarters in San JoseRead MoreA Corporation, Which Is Sometimes Called C Corporation,832 Words   |  4 Pagesseparate and unique existence from its owner. Lau Johnson (2011, p. 195) It is more elaborate than the other business forms due to the fact that it is costly to set up, involve corporate tax and legal requirement. They offer the capacity to sell ownership shares in the company through stock and to the public through initial public offering (IPO), which is the main selling point in pulling investment capital and high quality employees. Furthermore, as mentioned above, corporation is established underRead MoreAn Ipo Of A Company Going Public899 Words   |  4 Pagesbut also the stressful drawn-out process of documents and regulations to follow. Going public is process private firms make when they issue shares of stock to the public for the first time. If a company wants to share stock to the public, it has to conduct an initial public offering (IPO). An IPO is a process that takes weeks or months for preparation. The process starts with retaining a law firm to engage in the tedious detailed disclosure documents needed for the IPO prospectus that is includedRead MoreEssay about Dropbox1078 Words   |  5 Pagesbuilt the company as a solution to a common problem that he had; how could he access his files remotely without needing to remember a USB stick or dealing with email attachments. The company started as a minimally structured entity, and after some initial failure and re-focus on a set of concise but broadly reaching rules, the company has expanded its consumer base and is looking to create a product for the SMB customers. As long as the company does not stray from its simple rules (appendix1), designing