El documento habla sobre el bateig de vela de 2008. Se realizó en el puerto de Barcelona con la participación de varios barcos. El evento contó con la presencia de numerosas personas que pudieron presenciar el bautismo de las nuevas embarcaciones.
The document discusses lessons that can be learned from the flying formation of geese. It notes that geese fly in a V-shape formation which allows them to fly 71% farther than if they flew alone. It provides five lessons: 1) Working as a team gets you to your destination quicker, 2) Staying united with others going in the same direction makes the effort easier, 3) Sharing leadership responsibilities, 4) Encouragement from others provides motivation, and 5) Supporting each other especially during difficulties. The overall message is that by working together as a team like geese, life will be easier and more fulfilling.
Ravi's Hardware Stores is evaluating the performance of its stores using return on invested capital (ROIC) and economic profit. One store has a ROIC of 18% but only earns an economic profit of 14% due to its higher cost of capital. While Ravi's sister Rita is growing sales aggressively, her stores have a lower ROIC and declining economic profit due to higher investment and lower returns. Investing in a new hardware store may initially lower profits but result in greater economic profits later according to a discounted cashflow analysis. Fundamentally, value is created by earning returns above the cost of capital on investments.
Working capital management involves maintaining adequate current assets to fund daily operations while balancing carrying costs of holding excess inventory or receivables with shortage costs from stock-outs. The operating cycle of a firm from raw material purchase to cash collection affects how efficiently working capital is used. Factoring involves selling accounts receivable to a financial institution to access cash faster at the cost of a fee paid to the factor. Inventory policy must consider costs of holding inventory as well as ensuring adequate supply to meet production needs. Sources of working capital financing include equity, debt, trade credit, bank loans, and factoring.
El documento habla sobre el bateig de vela de 2008. Se realizó en el puerto de Barcelona con la participación de varios barcos. El evento contó con la presencia de numerosas personas que pudieron presenciar el bautismo de las nuevas embarcaciones.
The document discusses lessons that can be learned from the flying formation of geese. It notes that geese fly in a V-shape formation which allows them to fly 71% farther than if they flew alone. It provides five lessons: 1) Working as a team gets you to your destination quicker, 2) Staying united with others going in the same direction makes the effort easier, 3) Sharing leadership responsibilities, 4) Encouragement from others provides motivation, and 5) Supporting each other especially during difficulties. The overall message is that by working together as a team like geese, life will be easier and more fulfilling.
Ravi's Hardware Stores is evaluating the performance of its stores using return on invested capital (ROIC) and economic profit. One store has a ROIC of 18% but only earns an economic profit of 14% due to its higher cost of capital. While Ravi's sister Rita is growing sales aggressively, her stores have a lower ROIC and declining economic profit due to higher investment and lower returns. Investing in a new hardware store may initially lower profits but result in greater economic profits later according to a discounted cashflow analysis. Fundamentally, value is created by earning returns above the cost of capital on investments.
Working capital management involves maintaining adequate current assets to fund daily operations while balancing carrying costs of holding excess inventory or receivables with shortage costs from stock-outs. The operating cycle of a firm from raw material purchase to cash collection affects how efficiently working capital is used. Factoring involves selling accounts receivable to a financial institution to access cash faster at the cost of a fee paid to the factor. Inventory policy must consider costs of holding inventory as well as ensuring adequate supply to meet production needs. Sources of working capital financing include equity, debt, trade credit, bank loans, and factoring.
Arnaud Tesson, journaliste, interview Brigitte mantel, Getty Images suite à la plublication du rapport de tendances 2008 MAP à propos du marketing environnemental.
Arnaud Tesson, journaliste, interview Brigitte mantel, Getty Images suite à la plublication du rapport de tendances 2008 MAP à propos du marketing environnemental.