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Best Buy Company Inc.
Best Buy Company Inc,
"Expert Service, Unbeatable Price" [Biographical Section]
A man named Richard M. Schulze and his partner started Best Buy in 1966. The original store was
called "Sound of Music" which was an electronics store that specialized in stereo systems. In 1967,
Sound of Music purchased Bergo Company and Kencraft Hi–Fi and pulled in about $1 million in
revenue. In 1969, Schulze took his partners half and decided to become a public company on the
NASDAQ exchange. What started as a single store in Saint Paul, Minnesota became a chain of nine
stores by 1978. In the 1980's, Sound of Music was left with seven stores because of unfortunate
accidents caused by a tornado. In 1983, Sound of Music was renamed to Best Buy Company. Along
side changing the name of the company they also decided to expand on business by selling other at
home appliances such as VCRs. In 1987, Best Buy decided to change up the style of their stores to a
more fashionably fixture store. They began the commission free sales environment, which created a
more relaxed shopping experience for customers. In 1992, Best Buy earned their first $1 billion in
sales revenues. Around the late 1990's Best Buy then expanded their company to the New England
territory and also began selling home theater systems and computer technology alongside their
already popular TVs, VCRs, etc. Around the early 2000's, Best Buy gave birth to an entertainment
media label called Redline Entertainment. Their goal was to
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Richard Scrushy and HealthSouth Essay
Introduction HealthSouth is one of the nation's largest healthcare providers specializing in
rehabilitation. HealthSouth was founded by Richard M. Scrushy in 1984 and went public in 1986.
Scrushy served as its Chairman of the Board from 1994 to 2002. The company was incorporated in
January 1984 as Amcare Inc. before its name was changed to HealthSouth Rehabilitation
Corporation in May 1985. In January of 2003, Mr. Scrushy reassumed the position of CEO.
HealthSouth grew rapidly during the 1980's and 1990's. This growth was largely due to acquisitions.
HealthSouth owned more than 330 hospitals worldwide. It was also during this time that Scrushy
became known as one of the highest paid CEOs in the United States. ... Show more content on
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The charges included conspiracy, money laundering, obstruction of justice and perjury (Johnson &
Johnson, 2005, p. 37). Were there any early warning signs that may have predicted this type of
behavior in Mr. Scrushy? "Perhaps what we need is a scale for measuring the moral development or
character of the officers to whom the financial status and reports of the company are entrusted"
(Jennings, 2005, p. 44–45). One measurement that can be used is a look into their personal lives. An
evaluation of the private conduct of the executive can often prove to be insightful and a predictor of
future behaviors. "How we treat those who are the closest to us and, at least in theory, the most
important is telling" (Jennings, 2005, p.45). Mr. Scrushy was married to wife number three and is
the father of eight children by three different women. Impact on Stakeholders
Richard Scrushy's management style was one that fostered intimidation and fear amongst his
employees. The weekly Monday morning meetings were often called Monday morning beatings
when the actual budget numbers did not meet the forecasted expectations. "Every Monday morning
he grilled his division chiefs on the profits in their areas of responsibility and publicly berated any
subordinate who failed to meet his expectations" (Solieri, Felo & Hodowanitz, 2008, p. 342).
Whenever actual financial results did not meet the forecast, Mr. Scrushy's instructions were to go
and
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Healthsouth Corporation: The Sarbanes-Oxley Act
HealthSouth Corporation (HRC) is a publically traded healthcare company on the NASDAQ. In
2001 HealthSouth stocks were valued at $15.12 per share and net income was reported to be
$393,600,000. For all intents and purposes the company was sound. Until, whistle blower and CFO,
Winston Smith, shared with authorities the unethical accounting practices allegedly forced upon him
by the company's CEO, Richard Scrushy. According to the Security and Exchange Commission's
complaint, "since 1999, at the insistence of Scrushy, the HealthSouth Corporation systematically
over stated its earnings by at least $1.4 billion in order to meet or exceed Wall Street earnings
expectations" ("SEC vs. HealthSouth," 2003). It should be stated that healthcare ... Show more
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This was designed to show accuracy of financial data and confidence because of adequate controls
that safeguarded the financial data. End of year financial reports were also required to contain an
assessment of the effectiveness of the internal controls. The issuer's auditing firm is required to
attest to that assessment, after reviewing controls, policies, and procedures during a Section 404
audit, conducted along with a traditional financial audit (Thomas & Klutz, n.d.). Although most of
the SOX Act applies only to publically traded companies, at least two criminal provisions were put
in place to apply to not–for–profit organizations–provisions prohibiting retaliation against
whistleblowers and prohibiting the destruction, alteration or concealment of certain documents or
the impediment of investigations (Standing Committee on Pro Bono and Public Service, 2013).
SOX requirements reduce fraud and increase corporate governance across both for–profit and not–
for–profit organizations. The SOX Act's requirements changed corporate governance in many ways
(Maleske,
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Marketing Analysis : Best Buy Co. Inc.
Introduction
Richard M. Schulze and Gary Smoliak founded Best Buy Co. Inc. (NYSE:BBY) in 1966. They are
headquartered in Richfield, Minnesota. Originally they began as an audio specialty store and later in
1983 re–branded as a consumer electronic specialty store. After almost 20 years of operations,
Sound of Music officially changes its name to Best Buy and launches its first superstore. Best Buy is
the leader of its industry accounting for 19% of the market. They have over 1100 locations in the
United States and 155,000 employees globally. In 2000, Best Buy launched their online retail store
with hopes to expand their customer reach. With an evolving industry, Best Buy needs to develop,
integrate, and expand its skills in order to establish a strong competitive advantage.
EXTERNAL ENVIRONMENT
Societal Environment
The external environment is crucial to any company or organization because it allows management
to see and understand things outside of their daily routine. The societal environment might focuses
on the influence the external environment might have on the company's strategy. In the long run, it
might be beneficial or perhaps unfavorable. The general five forces are economic, technological,
political–legal sociocultural, and demographic forces.
Economic
This force regulates any exchange of material or monetary value between companies. Best Buy
operates mostly in the United States. As mentioned in the diagnostics of this case, the economic
slowdown didn't really
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Best Buy Essay examples
Best Buy was founded in 1966 by the current CEO Richard M. "Dick" Schulze. Based
out of Eden Prairie, Minnesota the corporation currently has 446 stores and earned over 83 million
in total revenue last year. Best Buy carries a wide variety of products consisting of Major
Appliances, video and audio equipment, computers, software, music, and wireless technology. When
analyzing this corporation it is important to pay close attention to its current and future services and
products, any problems with the corporation, the future direction Best Buy is headed, what can be
done for the corporation, and what it can do for you as a consumer or employee. ... Show more
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Best Buy also offers the in home delivery and installation of video and major appliances. Because of
this agreement with Microsoft, Best Buy's eCommerce is an excellent source for customers to
purchase anything in the store on line. Netflix a major source for renting DVD's online has teamed
up with Best Buy to enable the customer to buy the DVD movie of choice right from the Best Buy
website. BestBuy.com also offers the consumer the option to order any product from the store
directly to their door step in the matter of a day.
One of the major weaknesses with Best Buy is its dependence on the economy. If we are in a
recession or there are a lot of layoffs in the area of a certain store its business is directly affected.
Unlike with some corporations such as CISCO systems or Ameritech they are in many way's utility
services and aren't directly influenced by the state of the economy. Best Buy's CEO Dick Schulze
admitted in an article that sales are down due to the current state of the economy: "We had
expected earnings to decline in a decelerating economy," Best Buy chief executive Richard
Schulze said in a statement. But, he added, "I remain confident that we are on track to deliver
earnings growth of 16 to 18 percent this year," or $2.16 to $2.21 per share, assuming no
significant decline in the economy. ' this seems to be the case with most retail chains but with the
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Richard Joseph Daley
Richard Joseph Daley, the grandson of Irish immigrants, was born in the Bridgeport area of Chicago
on May 15, 1902. He was graduated from De La Salle Institute in 1918 and worked in the
stockyards for several years before studying law. While studying, he worked as a clerk in the Cook
County Controller's office. In 1936 Daley married Eleanor Guilfoyle, and the couple had three
daughters and four sons. One son, Richard M. Daley, served in the Illinois Senate and as Cook
County state's attorney before being elected mayor of Chicago in 1989.
Daley held several elected posts before becoming mayor. He was state representative from 1936 to
1938, state senator from 1939 to 1946, county deputy controller from 1946 to 1949, and county
clerk from ... Show more content on Helpwriting.net ...
A machine politician in the old tradition, Daley will use patronage to control the Illinois state vote
and obtain tax breaks and zoning–law favors for real estate interests and others that support him.
Although Daley remained popular and influential during his several terms, his administration was
marred by a number of political scandals, by civil–rights disturbances, and by a riot at the 1968
Democratic convention. Daley was among John F. Kennedy's key supporters in the 1960
presidential election, providing him with the delegates who helped him win a first–ballot nomination
and a massive Chicago vote that delivered Illinois for Kennedy in his narrow victory over Richard
M. Nixon. Daley hosted the 1968 Democratic National Convention at President Lyndon B.
Johnson's request. Daley's national reputation was seriously tarnished as the result of violence
between anti–Vietnam War demonstrators and Chicago police. Ironically, Daley had been a private
critic of the Victnam War and had urged Johnson to withdraw U.S. forces. In 1972, Daley was dealt
another blow when the Democratic National Convention refused to seat his Illinois delegation
because of noncompliance with new selection rules. In 1976, Jimmy Carter said that Daley's
endorsement clinched his first–ballot nomination for the presidency, but Daley failed to deliver
Illinois for Carter in the election. Controlling 30,000
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A Case Study In Corporate Fraud
Back in the 1990's, HealthSouth became one of the largest healthcare service providers nationwide,
with the earnings over the billions through several years. Due to the large investments made, it
brought on the temptation of "cooking" the books to move money around to places it should not be.
Management then began to put a plan together, to move small amounts at a time, so as not to be
detected. "It was reported that HealthSouth was overstated investments by almost 5 billion, which
made the average journal entry around $2,500." (HealthSouth: A Case Study in Corporate Fraud –
Arxis Financial, Inc.) Now I will explain further how the corruption occurred and the consequences
of that end result. There were several people involved in the corruption plan of the largest healthcare
services. One being the bookkeeper, Mr. Vines, who looked over the balanced sheets to see if any ...
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(HealthSouth: A Case Study in Corporate Fraud – Arxis Financial, Inc.) Mr. Livesay stated his
participation was a one–time thing and could get easily corrupted, but later on became a willing
participant. As an end result of his actions, he was put on a six month house arrest and ordered to
pay $760,000 in criminal forfeitures and fines. (HealthSouth: A Case Study in Corporate Fraud –
Arxis Financial, Inc.) Mr. Crumple, VP & Division Controller, would attend meetings in order to
find out where to fake postings in the journals. He would then instruct the accountants to put the
fake entries into the company's books. (HealthSouth: A Case Study in Corporate Fraud – Arxis
Financial, Inc.) Eventually he moved money to a company called Source Medical to look like a real
investment. For his involvement he received 8 years in prison and a fine of $1.4 million dollars.
(HealthSouth: A Case Study in Corporate Fraud – Arxis Financial,
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Best Buy Is A Retail Company
Best Buy is a retail company that was discovered by Richard M. Schulze in 1966 that specializes in
all types of electronics. These electronics could be anything from cell– phones to laptops to
speakers. When the company first opened in Minnesota, they went by the name of Sound of Music
Inc. Back than the store only focused on stereos for the home and car. Around four years after that,
Schulze bought out his partner and began to expand the company on his own. Things really started
to boom around the 1980's, and in 1983 the company renamed itself to Best Buy. They than started
to focus on other type of equipment other than just audio devices, such as a device that was popular
back than but seems primitive now, the VCR. The following year is ... Show more content on
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Students will be able to lease either new or slightly used products (from previous leases) for the
academic school year by signing a contract with their local Best Buy. The contract will include
details such as when it starts and when it ends, how much is required a month, and if need be a
down payment. I think that this will generate a positive response from the public seeing as now
more students will be able to handle college with the necessary technology. This is a brand extension
because Best Buy currently does not partake in leasing so it will be a new sector for the company to
generate income from. The target market is college–students who need to purchase electronics for
school. Seeing as how nowadays most students rely on their laptops for notes, important documents,
and typing papers, the market is only going to grow in the future. Some professors even require
students to take tests and submit homework online. Our whole lifestyle is moving toward to
implementation of technology, so we believe everybody should have the opportunity to utilize it.
While some kids' may me more fortunate than others in terms of money, we offer the leasing
solution as a way to even the playing field so that no students have an exponential advantage over
others. Some college students pay for everything on their own and would not be able to afford a new
laptop if they had to pay in full at the time of purchase. This is why
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The Healthsouth Fraud Acct 480: Forensic Accounting
The HealthSouth Fraud ACCT 480: Forensic Accounting Emily Bauer 2/7/2016 At the time when
the HealthSouth fraud was discovered in 2003, HealthSouth was the largest owner and operator of
inpatient rehabilitative hospitals as well as a provider of surgical and diagnostic services. Employing
more than 60,000 people at their 2,000 locations, this billion dollar company had locations in all 50
states as well as operations in the U.K., Canada, Australia, Puerto Rico and Saudi Arabia. In 2003,
they were the third largest healthcare company based on revenue. The majority of this revenue,
however, was fraudulently created. Then CFO, Weston Smith, talks in detail about the fraudulent
activity going on at HealthSouth during his 16 year career ... Show more content on Helpwriting.net
...
He describes that the fraudulent actions were presumed to be temporary and would be made up for
future quarters making it easier to justify. Employing the "Everyone is doing it." concept allowed
Weston to convince himself that HealthSouth's actions were permissible. Due to the fact that other
businesses were doing it, it became justifiable for HealthSouth to do the same in order to stay on the
same level. Weston described the 80's as a "wild time" in the business industry where cooking the
books was a common occurrence. So this type of behavior not only existed with HealthSouth, but
the business industry as a whole, making the fraudulent actions even more
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Best Buy Financial
9 –7 1 3 –4 0 3
JUNE 30, 2012
JOHN R. WELLS GALEN DANSKIN
Best Buy in Crisis
Introduction
At the end of fiscal 2012, Best Buy found itself in an increasingly challenging situation. Although it
could still claim to be the world's largest consumer electronics retailer with $50.7 billion in
revenues, growth for the year, at 0.9% was anemic. Meanwhile, Amazon's sales in Best Buy's
categories were growing at more than 50% p.a. and its total sales, at $48 billion, were approaching
those of Best Buy. Operating profits were also disappointing having dropped 54% to $1.1 billion
and net income fell into the red at –$1.2 billion. The fiscal 2012 year–end stock price fell to $24.70,
down from a high of $53.86 in 2006. In five years, Best Buy ... Show more content on
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In 1988, personal computers were added to the product line. Four years into the superstore strategy,
Highland, the industry number two, lowered its prices in Minneapolis, Best Buy's heartland, selling
at 10% above cost. Best Buy margins fell sharply. In search of a new approach, Best Buy conducted
consumer research and discovered the customers had a poor image of superstores. They saw
shopping as a stressful experience and felt pressured by salespeople into buying expensive items.
Customers wanted an enjoyable shopping experience and a no–pressure selling environment.
Concept II: 1989–1994
In response to this consumer research, Best Buy implemented a ground–breaking "grab–and–go"
store format in 1989 called Concept II. Backroom space in stores was turned into sales space and the
inventory was put out on display with basic information labels so that customers could see what was
in stock and understand the product without explanations from sales staff. Salaried product
specialists replaced commissioned sales staff and, rather than pushing products on customers,
patiently waited in department centers for customers who sought help. The format proved very
popular, and by fiscal 1994, Best Buy operated 151 stores generating $3.0 billion in revenue and $77
million in operating profits. In the process, Best Buy entered Chicago and Texas, Highlands' core
territories, and the company went bankrupt.
Concept III: 1995–2002
In 1995, Schulze,
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The Healthsouth Corporation Inc.
INTRODUCTION The HealthSouth Corporation was started in 1984 by Richard Scrushy with
hopes of becoming one of the largest healthcare companies in the country. It was doing quite well by
1996 with a market value of nearly $12 billion and was one of the United States largest healthcare
firms. This all fell apart in 2003 when it was discovered that Scrushy and his employees had
committed fraud in the estimated range of almost $2.7 billion (Daigle, Louwers and Morris 887).
Scrushy, over the years, had brought on many new faces to the company. Many of these employees
were friends of Scrushy from previous business ventures and business meetings. These employees
and the others involved in the fraud were given the name 'family'; highly due to the fact that they all
knew what was happening and not one wanted to go to the authorities to confess. It was after the
fraud had gone on for nearly six years that the former CFO Weston Smith tipped off federal
investigators.
Following the actions by Smith, the four other CFO's who ran the company during the fraud came
forward which included: Aaron Beam Jr., Michael Martin, Malcom McVay, and then current CFO
William Owens. Along with the CFO's their staff members who were also in on the fraud also came
forward bringing the total number of involved to fifteen. Also the Birmingham Alabama office of
Ernst & Young came under heavy scrutiny for auditing HealthSouth during the fraud and failing to
take action on any evidence they found.
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Best Buy 's Top Three Executives
Best Buy's top three executives are Hubert Joly as the Chairman and Chief Executive Officer,
Sharon McCollam as the company's Chief Administrative Officer and Chief Financial Officer, and
Shari Ballard as President, U.S. Retail and Chief Human Resources Officer. Best Buy was founded
in 1966 by the founder Richard M. Schulze. During its first year of opening Best Buy had earned a
sales reach of $173,000 dollars. Four years after it opened Schulze decided to partner and expand his
company to new heights; his product line, however, had only been limited to audio products, but that
only lasted until the 1980s. Schulze had gotten the idea to open the store to other products after he
went to a seminar, where he was able to view different ... Show more content on Helpwriting.net ...
Although sales had nearly doubled to $439 million dollars in 1988 net earning had gone down by 64
percent. Rumored that while Best Buy had went into a slump during the fall of 1988 Schulze tried to
sell his company to Sears but failed because he demanded certain perks. Best Buy's growth was
spectacular, from the years 1989 to 1992 corporate sales rose up to 23 percent, while the industry as
a whole had only expanded to nearly three percent. From the years 1992 to 1993 the sales rose again
for the first time it went beyond $1 billion dollars, from $929 million to $1.6 billion, this was their
biggest increase since they opened. Best Buy had generated the most excitement in Wall Street with
the biggest sales and increase in the amount they receive each year growing bigger and better each
time. For the first half of 1991 Best Buy was the most popular out of all the other New York Stock
Exchange stocks in percentage. In 1993 the stock nearly doubles within a three–month period but
then dropped by ten percent in a single day in mid– November.
The one year chart about Best shows that Best Buy had an increase in profits at the beginning of
2015 and during the month March, Best Buy had earned the highest this year. It also shows that after
they got to their highest point this year, their sales started to go down and that their sales continues
to go down steadily until August when the sales had reached new heights. However,
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Qnt-561 Week 1 Essay
Week Four Team Paper xxxxxxxxxxxxxx QNT/561
August 1, 2012 xxxxxxxxx Week 4 Team Paper
Best Buy is a company that has 40 years of history with a very accomplished sense of success. In
1966 Best Buy was a small electronics store in that originated in St. Paul Minnesota by Richard
Schulze and an acquainted business partner. Considering that technology changes so rapidly, Best
Buy has had to transform from just being the little electronics store down the way into a
competitive, customer–driven, talent–powered company that emphasizes on pleasing the customers
as it pertains to the life of technology. In 1993 Best Buy was recognized as the nation's second
largest electronics retailer and was recognized by ... Show more content on Helpwriting.net ...
"For an accurate estimate of the relationship between variables, a descriptive study usually needs a
sample of hundreds or even thousands of subjects" (The Association for Educational
Communications and Technology). The estimate of the relationship is less likely to be biased if you
have a high participation rate in a sample selected randomly from a population.
Operational Definitions
Operational Definitions
Variable Definition
Data of Interest #1 The number of products sold during the Holiday Season
How will it be measured #1 If the product was sold between November 15 and January 5
Data of Interest #2 Number of temporary employees during the Holiday Season
How will it be measured #2 If a temporary employee was active after November 15 and inactive
after January 15
Sample Data Collection Designs
There are various methods of collecting data such that the information collected can be used to draw
inferences about the target population. The sales forecast is the key component for the problem
statement and for accuracy it is important to know what consumers prefer over Best Buy.
Participation in business surveys is usually voluntary and the quality of the results depends crucially
on the willingness of enterprises to co–operate. A promising approach to getting high response rates
is to make compliance as painless as possible
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Best Buy 's Top Three Executives
Best Buy's top three executives are Hubert Joly as the Chairman and Chief Executive Officer,
Sharon McCollam as the company's Chief Administrative Officer and Chief Financial Officer, and
Shari Ballard as President, U.S. Retail and Chief Human Resources Officer. Best Buy was founded
in 1966 by the founder Richard M. Schulze. During its first year of opening Best Buy had earned a
sales reach of $173,000 dollars. Four years after it opened Schulze decided to partner and expand his
company to new heights; his product line, however, had only been limited to audio products, but that
only lasted until the 1980s. Schulze had gotten the idea to open the store to other products after he
went to a seminar, where he was able to view different ... Show more content on Helpwriting.net ...
Although sales had nearly doubled to $439 million dollars in 1988 net earning had gone down by 64
percent. Rumored that while Best Buy had went into a slump during the fall of 1988 Schulze tried to
sell his company to Sears but failed because he demanded certain perks. Best Buy's growth was
spectacular, from the years 1989 to 1992 corporate sales rose up to 23 percent, while the industry as
a whole had only expanded to nearly three percent. From the years 1992 to 1993 the sales rose again
for the first time it went beyond $1 billion dollars, from $929 million to $1.6 billion, this was their
biggest increase since they opened. Best Buy had generated the most excitement in Wall Street with
the biggest sales and increase in the amount they receive each year growing bigger and better each
time. For the first half of 1991 Best Buy was the most popular out of all the other New York Stock
Exchange stocks in percentage. In 1993 the stock nearly doubles within a three–month period but
then dropped by ten percent in a single day in mid– November.
The one year chart about Best shows that Best Buy had an increase in profits at the beginning of
2015 and during the month March, Best Buy had earned the highest this year. It also shows that after
they got to their highest point this year, their sales started to go down and that their sales continues
to go down steadily until August when the sales had reached new heights. However,
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Healthsouth Theoretical Model Of Fraud
I. Theoretical Model of Fraud A. Appropriate Fraud Model The best theoretical model of fraud to
describe why HealthSouth committed fraud is the fraud diamond not the fraud triangle. Both
methods require that these three elements are present for committing fraud: perceived pressure,
perceived opportunity, and rationalization. Understanding what motivated HealthSouth's Chief
Executive Officer (CEO) Richard Scrushy to commit fraud, how the accounting staff committed and
concealed the fraud, and how the staff justified their participation are crucial. However, anti–fraud
professionals believe that changes in social behavior require the addition of a fourth element called
capability. Capability includes "personal traits and abilities that play a major role in whether fraud
will actually occur" (Fighting Fraud in the Government n.d.). For example, Scrushy's persuasiveness
and Cathy Edward's position as Michael Vines' boss increased their capabilities to commit fraud. If
capable employees refused to participate, fraud occurrences decrease (Fighting Fraud in the
Government n.d.) (Hamilton n.d.). B. Fraud Scheme Committing fraud requires motivation from
perceived pressures like greed or meeting expectations. With the shift in investor focus and the need
to meet analyst expectations, Scrushy and the "family" manipulated earnings to make HealthSouth
appear more successful. Perceived opportunity establishes how an individual's position enables
fraud to be committed and
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Richard M. Schulze And Gary Smoliak
In 1966, Richard M. Schulze and Gary Smoliak founded the Sound of Music store which sold home
and car stereo equipment in Saint Paul, Minnesota. The company had over $1 million in revenue and
made about $58,000 in profits in its first year; it had three stores in Minnesota and became a
publicly held company after 3 years.
In 1970, Richard solely owned the company since he bought out the stakes of his partner. Later, he
realized that the market was heading to saturation and the number of his target customers was
decreasing day by day. In 1983, Richard made a decision of renaming the company as Best Buy Co.,
Inc. to make the store more appealing to the customers. It was also rebranded by putting more
emphasis on consumer electronics instead
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The Rise And Fall Of A Retail Giant
The Rise and Fall of a Retail Giant
Abstract
Best Buy, a familiar retailer in the technology world, is struggling to stay on top. Online and mass
stores have cornered the market in terms of convenience, customer service and price matching. The
recent closing of over two hundred stores alongside falling sales has experts predicting that the giant
won't be in business long. Using a results–only work environment (ROWE), Best Buy has removed
the customer from the equation and forced many employees out. A marketing disaster, Best Buy
must change its marketing strategy from sales–based to a customer–based to stay afloat.
Best Buy Inc. has built a reputation as a ground–breaking retail giant. It is known as one of the first
"big box" stores in ... Show more content on Helpwriting.net ...
Paul, MN. The original founders were business partners Richard M. Schulze and Gary Smoliak.
Schulze bought out Smoliak, and began building it into a superstore. He then expanded to include
VCRs and other home appliances, and in 1985, Best Buy went public. By 1987 it gained a listing on
the New York Stock Exchange and revenues reached $239 million from 24 stores. Growth was
incessant. At the time, the market was fresh for such a unique store. Its current logo, a yellow sales
tag, and its "pick–up and go" style setup was introduced around 1990. (Company History)
Growth
Revenue continued to double throughout the nineties. In 1995, Best Buy's revenue was $3 billion,
but there was no profit. They trained their employees to believe that customers were in charge of
sales, not salespeople, and that they were there to assist in purchases, not be pushy. The consumer of
the millennium was less needy for assistance in buying electronics; audio, video, and computer
systems were commonplace in households of the time. Customers were allowed to help themselves
to items on shelves, much like a grocery store setup, and check out when ready. This bolstered
customer satisfaction rates. Revenue was above10 Billion in 1999. (Company Histories)
In 2000, the company decided to launch a website, BestBuy.com. There, customers could shop from
the privacy of their homes without ever dealing with sales representatives. The site was a
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What Are Dale Mason's Funeral Services
MASON CITY – Dale A. Becker, 77, of 640 South Van Buren, Mason City, died Tuesday night
April 22, 2008 at the Hospice Inpatient Unit in Mason City. His Funeral services were held at 2:30
p.m. Friday April 25, at the Trinity Lutheran Church 213 North Pennsylvania Ave., Mason City.
Services were with Senior Pastor Jim Magelssen assisted by Father Dennis Cahill officiating.
Visitation was held from 4:30 till 7 p.m. on April 23 at the Fullerton Funeral Home, 123 Second
Street Southeast, Mason City. Dale was born on March 19, 1931, in LeMars, Iowa. He is one of five
sons to Alwin and Maureen nee Hanson Becker. He graduated from LeMars Community Schools in
1949. Dale continued his education at Wartburg College and graduated with a B.A. degree in ...
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He had a giant love for teaching and helping was appreciated by the students. While Dale worked at
NIACC, he was involved in the design, operations, and construction of the gorgeous auditorium.
One of Dale's favorite things were his vegetable garden. He was an organic gardener with his wife
Sally Becker. Dale and his brothers enjoyed their annual fishing trips as the founding members of
the "Fishing and Liars Club." During Dales school years he performed magic and balancing acts
with his brothers as "DALO the Magnificent." Dale once said that he would join the circus, but
never did. Dale was a very loyal Hawkeye fan, and he always did his daily crossword puzzle each
day. His greatest passion in life was his family. Dale's first marriage was to Elizabeth vonFischer on
August 16, 1953, and had three children in this marriage. His second marriage was on July 11, 1984,
he was united to Sally O'Harrow in their backyard in Mason City. Twenty years later Dale and Sally
renewed their vows in their backyard once again, with Father Dennis Cahill, Sally's cousin.
Everyone remembers Dale's wit, wisdom and remarkable modesty regarding his achievements. He
never bragged about anything, and appreciated
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Music In Disney Fairy Tale Movies
The Considerations that Go into the Music in Disney Fairy Tale Films Disney as a popular
animation company provides powerful fairytale films with the use of music that had a major impact
on people and their culture. However, there are many considerations that go into music to make that
popular fairytale film. Although some may argue that the music in fairy tale films may distract from
the plot because it drags the characters behind, but the truth of the matter is that the music actually
helps the plot in fairy tale films. I believe the music helps build enjoyment and create more
attraction in a fairytale film. More specifically, the lyrics, instruments and cultures are taken into
consideration in a Disney fairytale film. Focusing on these major factors of music can prove that
music can actually help in Disney fairytale films. During the 1930s, Disney's two main ... Show
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Alan Menken, pianist, has worked in the most popular Disney films that included The Little
Mermaid, Aladdin, Pocahontas, Hercules and Enchanted. For Menken, the use of lyrics was a real
important factor in Disney's music. In The Little Mermaid, he mentioned we wanted an "I want"
moment in a Disney film because there hasn't been an "I want" moment before. Menken states, "My
favorite part is that motif [that sounds like] water flowing, which beautifully set up the tone and
became the central theme" (Snetiker 58). That "I want" lyric created the most inspiring songs in The
Little Mermaid which is "Part of Your World." Another popular Disney classic film, Beauty and the
Beast, Menken wanted to do a classic Mozart composition in the beginning to have that quiet
opening, hence the lyrics "Little town, it's a quiet village...." These lyrics show that lyrical music
adds emphasis on Disney's music. It brings more life to the film instead of having it as a
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The Scandal Of Healthsouth Corporation Scandal
Organizational misconduct is the chief cause behind corporate accounting scandals. The trusted
executives of the corporation participation in actions during a scandal are corrupt and illegal. In the
United States, the Securities and Exchange Commission (SEC) is typically the government agency
that investigates such scandals. One of the most notorious corporate accounting scandals in the
United States is the HealthSouth Corporation scandal of 2003. HealthSouth Corporation is one of
the United States largest health care providers with locations nationwide. A deeper inspection of the
HealthSouth scandal is needed to understand how it transpired by assessing how it was executed, the
accounting issues and root of the issue, how it was exposed, the results to the company and its
officers, and warranted ramifications as an outcome of the scandal.
Scandal Overview In 1984, Richard Scrushy founded HealthSouth in Birmingham, Alabama.
Scrushy was the company's Chairman and Chief Executive Officer (CEO) when the company went
public in 1986. HealthSouth grew quickly over the next several years. Shortly after HealthSouth
went public, it is alleged that Scrushy instructed senior staff to materially inflate the company's
earning to match expectations. In 2002, the first sign of troubles occurred when Scrushy sold $75
million of HealthSouth stock days before HealthSouth announced a large loss. After this the SEC
began to investigate if any insider trading laws had been violated. In 2003,
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Background And History : Best Buy Co.
Part A:
Background & History:
Best Buy Co., Inc (Best Buy in short) is a Minnesota–based large electronic retail store in U.S,
Canada and Mexico. As the predecessor of Best Buy, Richard M. Schulze established Sound of
Music, Inc. in 1966, which is electronic store focusing on home and car stereo (Gibsons and
Billings, 12).
Afterwards, with 17–years of business expansion, Richard and his partner altered the company's
name into Best Buy Co., Inc. In the corresponding year, the annual revenue of Best buy reached
$9.7 million and the primary business covered small appliances and VCR.
Right after 1983, Schulze launched his "Superstore Format" concept, which redefines the position of
Best Buy as a "Big Box Electronic Store". This move boost the customer's opportunity to interact
with products before purchasing it.
In 1985, Best Buy went public. Two years later, the return spike to $293 million from 24 stores.
In the Millennium year, Best Buy launched "Bestbuy.com", and diversified products, which includes
large appliances, Hi–Tech products, and digital contents were sold online.
2001 was a special year for Canadians, Best Buy purchased Future Shop Ltd,. (Future Shop in short)
which is the biggest Canadian electronic retail store for $385 million (Flavelle)
Culture & Value:
Best Buy has 4 core values for their employees: 1) Having fun while being the best; 2) Learning
from challenge and change; 3) Showing respect, humility, and integrity; 4) Unleashing the power of
our
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Lloyd Hall: A Better Preserve Food
Lloyd Hall was born ( June 20, 1894) in Elgin,IL . Lloyd died on ( January 2, 1971) in Pasadena,CA
. Lloyd Hall attend to University of Chicago, Northwestern University, earning a B.S and a Master's
degree at the University of Chicago.Lloyd was an African American chemist , who contributed to
the science food preservation. By the end of his career, Hall amassed 59 United States patents, and a
number of his inventions were also patented in other countries. At Northwestern, Hall met Carroll L.
Griffith, who was with his father, Enoch L. Griffith, founded Griffith laboratories. The Griffith later
hired Hall as their chief chemist. Lloyd invented number of ways to be better preserve food. Many
foods are used today were pioneered by Dr.Hall's method.
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The Beginning and End of HealthSouth Corporation
HealthSouth Corporation was incorporated in January 1984 in Birmingham, Alabma by the founder
Richard M. Scrushy. HealthSouth Corporation is the leading provider of medical rehabilitation
health care and outpatient surgery services in the United States. Richard M. Scrushy was the former
CEO& Founder of HealthSouth Corporation, and there were 5 CFO which were Aaron Beam,
Weston, Smith, Bill Owens, Michael Martin and Tadd Mcvay.
Richard M. Scrushy is one the founder of HealthSouth in 1984. And he also is the CEO of
HealthSouth. At the beginning with his friend in Amcare Company, he use a million dollars
investment by Citicorp Venture Capital to founded HealthSouth. Two years later, Richard made
HealthSouth become a listed company. In 1987 HealthSouth has expanded to two new areas, which
is worker's compensation and sports medicine. Thus it makes HealthSouth earned a hundred million
dollars. By 1988, HealthSouth has operated a network of 21 outpatient facilities, 11 inpatient
facilities, and seven rehabilitation equipment centers in 15 states, it has became the leader of
rehabilitation industry in the U.S(James Press, 2000).
HealthSouth got rapid growth through acquisitions in the early 1990s. In early 1990s HealthSouth
has been financing over a hundred and eighty one million dollars over 50 states in United States. By
the mid–1990s, HealthSouth has operated 14 inpatient and 31 freestanding outpatient rehabilitation
centers in 21 states. And it continued to add new
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Healthsouth: Fallout And Recovery
Fallout and Recovery
After the FBI search on HealthSouth's home office in March 2003, exchanging of the Company's
stock on the NYSE was promptly excluded. HealthSouth was likewise expelled from the S&P 500
and its stock was removed from list the next week, after which its shares were exchanged on over
the–counter "pink sheets." The stock price had closed at $19.55 on March 18; when trading resumed
on March 25, the opening price was only $1.85, and it closed the day at just $0.60 (Berry, 2009).
J.P. Morgan Chase restricted HealthSouth's $1.25 billion credit extension–which the Company
required retrieve to repay its bondholders almost three hundred million by the end of April 2003.
These situations were leading the organization in verge of bankruptcy.
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Analysis: Throwing Rocks While In A Glass Hospital
Throwing Rocks While in a Glass Hospital Rekayial K Bowden Keiser University [Title Here, up to
12 Words, on One to Two Lines] After years of economic struggle, Alabama Governor Don
Siegelman was convicted, along with Chief of Healthsouth Richard Scrushy of fraud. While being
charged of lying about millions of dollars of Healthsouth's finances, they were in the middle of
building a new location. This partially finished beauty was abandoned for over 10 years before it
was purchased to be Grandview Medical Center. This overlooked building would soon become one
of the most advanced hospitals in the country. From the very first moment you turn onto an already
congested. Highway 280, from the interstate, you see the sun making this seemingly all ... Show
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The hospital decorated in flat screen televisions, which will be what is directing you to where you
need to go. On the 3rd floor, which is the women's and children's unit. This unit has the patient
rooms superficially soothing the patient by facing the traffic of 280. While this may not seem all that
soothing, the stunning view will literally take your breath away. Miles and miles of trees and
looping interstates seem to be the most famous attraction when coming into the patients' room. The
large windows make it extremely easy to get lost in your thoughts while staring at the outside world,
but in case that is not your style, there are two 42" flat screen televisions in each patients' room. On
the television in the room you may order movies or even watch Netflix. One of the televisions will
inform you of everything you need to know about the patient, including nurse and doctor names,
labs, and goals for the day. Have you ever had to sleep in those uncomfortable chairs in the hospital
rooms? The sofas in the women and children rooms have pullout beds which will once again make
you forget where you
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Healthsouth: The Rise and Fall Essay
Running head: HEALTHSOUTH: THE RISE AND FALL
HealthSouth: The Rise And Fall
Abstract
Richard Scrushy (Scrushy) had a vision and was driven by his leadership and entrepreneurial
abilities. Scrushy was the mastermind and major creator of HealthSouth Corporation (HealthSouth).
Scrushy served as chairman and Chief Executive Officer (CEO) of the corporation for more than 20
years. A Biographical Sketch: Richard Scrushy and HealthSouth. Retrieved March 22, 2005, from
the World Wide Web: http://www.richardscrushy.com/biography.aspx. The U.S. Securities and
Exchange Commission charged HealthSouth Corporation and CEO Richard Scrushy with fraud,
alleging the earnings of HealthSouth have been extremely overstated since ... Show more content on
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One year later, Scrushy accepted a position with Lifemark and began a flourishing rise in the
corporate world. Scrushy had dreams of his own and during his successful ascend, began planning a
new company. He visualized a rehabilitation corporation with outpatient centers, clinics and
hospitals. These centers, which were only a dream, would swiftly move patients through physical
rehabilitation and permit them to return to work, jobs, and home at a much quicker pace than
individuals were accustomed. Scrushy's vision became a reality and would emerge in the world of
health care as HealthSouth. A Biographical Sketch: Richard Scrushy and HealthSouth. Retrieved
March 22, 2005, from the World Wide Web: http://www.richardscrushy.com/biography.aspx.
HealthSouth began operation in 1984 with five employees who shared a one room office. Scrushy
supplied the majority of the money, paid payroll and business expenses out of his own pocket until
spring of 1984. Twelve years after its founding, HealthSouth was named to the Fortune 500.
HealthSouth had quickly become a major leader in rehabilitation, surgery, and diagnostics with
operations in all fifty states. Centers were strategically placed in numerous countries outside the
United States. The centers operated by HealthSouth and under the leadership of Scrushy were
regarded highly for the outstanding service, commitment, and state–of–the–art technology. A
Biographical Sketch: Richard Scrushy
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Phar-Mor Case Study
Phar–Mor was operated as an American discounted drug and variety store opening its first doors in
Youngstown, Ohio in 1982. It came to be when the heir to Giant Eagle; David Shapira and the
former Tamarkin VP Michael Monus established the well–known drug store. (Press 1996) Between
the years 1985–1992 it expanded from 15 to 310 stores in 34 different states and the sales of the
stores at hit virtually $1.5 billion dollars. The low priced drugs and all of the different locations of
the stories were the reason the public was so attracted to the countrywide company. (Gilpin 1993)
The five hundred million dollars in fraud led the company to bankruptcy. Top management and
auditor members were convicted of the big scandal.
Tamco was formally known as a private grocery store chain named Tamarkin Co. Tamco had a big
role in the scandal. (Press 1996) Their relationship to Phar–Mor was Tamco shipped orders for
Phar–Mor yet only sending half of the orders while Phar–Mor was paying the full bill. Phar–Mor
was being billed for inventory that it did not receive and after the fraud case was out in the public
they had to shut down a lot of stores to cover up the companies losses. (UNITED STATES v.
MONUS 1997) Giant Eagle paid Phar–Mor seven million dollars on behalf of Tamco. They did not
know this at the time because Tamco did not retain records of logging shipments to companies.
Giant Eagle later sold Tamco to Phar–Mor so there was no more inventory and billing issues. The
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Student Athletes Have A Very Busy Schedule
Noah Herried
Professor Rickie–Ann Legleitner
English–101
November 21, 2016
Time to Work
Division 1 student–athletes have a very busy schedule. To be a Division 1 student–athlete you must
have great time management skills, determination, and be focused. For them to be successful in the
classroom and in their sport, they have a very tough decision. They must pick two of the three:
social life, academics, or athletics. They must also realize that they need to make the decision before
they make a mistake for instance, becoming ineligible. Student–athletes have many options for help,
just as a average college student does. Student–athletes need to have more readily available
resources but also use their time wisely through counseling as freshman.
The Problem
Some people who have never participated in extracurricular activities may ask, "What is so different
between a student–athlete's day compared to an average college student's." According to Richard
Sherman, a former Stanford University student–athlete and now professional football player,
student–athletes have mandatory lifting in the morning, meetings, and practices throughout the day
during the season (Richard Sherman Student Athlete Education" 00:01:14–00:01:26). An average
college student doesn't have this time commitment. They may be involved in many organizations but
the organizations don't meet every day, which is a big difference between the two schedules. A study
done by Penn Schoen Berland showed that "on average
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Best Buy S Turn Around Strategy
For the exclusive use of W. Zhou, 2015.
MH0023
0 0 7 7645065
MARNE L. ART HAUD– DAY
FRA NK T. ROT HAE RME L
Best Buy's Turn–Around Strategy (2013)
CEO HUBERT JOLY BREATHED A SIGH OF RELIEF as he reviewed the 2012 end–of–year
holiday revenue figures for Best Buy. After perhaps the most tumultuous year ever in the life of the
company, he knew the numbers could be much worse. Despite being the world's largest retailer of
consumer electronics with $50 billion in annual sales, Best Buy's financial situation was precarious.
The company's stock price had fallen from $45 to $15 per share over the past two years, a drop of
roughly 60 percent.1 While revenues had been increasing at a marginal rate, both comparable store
sales and overall ... Show more content on Helpwriting.net ...
© by Arthaud–Day and Rothaermel, 2015.
This document is authorized for use only by Wenhan Zhou in COMM taught by Abdulrahman
Chikhouni , at Concordia University – Canada from January 2015 to April 2015.
For the exclusive use of W. Zhou, 2015.
Best Buy's Turn–Around Strategy (2013)
premium gadgets and trendy stores, which dominated the market's high–end segment. Carving out a
unique niche in this crowded, post–big–box, digital–retail world would not be easy, but it was the
only way for Best Buy to avoid the same fate as the now–defunct Circuit City. The recent holiday
results were encouraging, but investors were already clamoring for more details on what Joly's next
steps would be.
A Brief History of Best Buy
Together with his business partner, James Wheeler, Richard Schulze founded Sound of Music, an
audio specialty store, in Minnesota in 1966. The fledgling company ended its first fiscal year with
gross sales of $173,000, and continued to grow rapidly over the next few years. By the time of its
initial public offering in 1969, the hometown enterprise had acquired two of its local competitors12
and had opened two new outlets near the University of
Minnesota in downtown Minneapolis.
Schulze bought out Wheeler in 1971,13 shortly after Sound of Music hit the $1 million mark in
annual revenues.14 Subsequent years saw continued expansion through additional locations, new
product lines, and novel
promotional
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Mktg209 Research Paper
The success of Cochlear
Cochlear's macro–environment and global marketing mix Analysis
Abstract:
To analyze the reason why Cochlear is successful, it is better to inspect it from a worldwide range.
This essay uses PESTLE model to analyze its macro–environments in different countries and
regions, and then discuss the impact of these factors. This essay also uses a number of examples to
illustrate Cochlear 's responding global marketing mix, to further emphasize the deep impact.
Table of Content
1. Introduction: 4 2. Main body: 4 2.1 Political Factor 4 2.2 Economic Factor 5 2.3 Social/Culture
Factor 5 2.4 Technical Factor 5 2.5 Legal Factor 6 2.6 Environmental Factor 6 3. Conclusion: 6
4. ... Show more content on Helpwriting.net ...
Lower price enables more Indians to afford hearing healthcare systems, and in turn makes Cochlear
grow in India.
2.3 Social/Culture Factor
When it comes to the Social factors, population, income distribution, social mobility, lifestyle,
attitude towards work and leisure, and education level are detailed elements of Social factors. For
Cochlear, attitude towards healthcare among the society is the main influencing factor. In
developing countries like India and South East Asia, the average healthcare awareness is low. To
prove this, we only need to quote words from Chundu, Manchaiah, Stephens and Kumar (2013), "it
appears that parentally reported outcomes could be related to many factors including the hearing
healthcare system with the costs involved for the implanted individuals and their families". As a
countermeasure, according to the Economic Times (2010), Cochlear Limited will spend up to 15
million in India, to increase awareness. Additionally, the Social factors are often described as culture
difference. Cochlear used localization of the communication strategy to deal with culture difference:
In Europe, it cooperated with Loud Group and designed a comprehensive program of Public
Relationship, which included traditional media, broadcast, activity, and on–line DeafBlog. While in
Cuba, it linked itself with Cuban Revolution 's advanced national
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Best Buy Research Paper
Everyone today has heard of one of the largest retailers, Best Buy. Most of us
have probably bought something from best buy. Best Buy was founded in West Saint
Paul, Minnesota in 1966 by Richard M Schulze and would later become known as
best buy in 1983 with more emphasis placed on consumer electronics. Some of Best
Buy's subsidiaries included, Geek Squad, Best Buy Mobile, Magnolia Audio Video,
and Pacific Sales (only in US). Since, Best Buy has gone public and is traded on the
NYSE. Their headquarters are in Richfield Minnesota and ran by CEO Hubert Joly.
Best Buy has many products and services since they target consumer
electronics. For example, you can buy the following at a retail Best Buy Store:
laptops, iPads, cells phones, CDs, DVDs, TVs, printers, ... Show more content on Helpwriting.net ...
If you have any question with a product you purchase from Best Buy they
have excellent training services to help you use your devices. Look no further than
the Geek Squad. Their service can help you set up for devices and offer training to
use your new device. When you have such a successful company as Best Buy they
have to have a well structured training service to train and develop their employees.
Since technology is always evolving, Best Buy must constantly change its services so
they keep the most current products on the selves. Most consumers want the latest
and greatest products. In order for Best Buy to stay atop of the top 25 organizations
they must continue to adapt and change their services.
In 2012, Best Buy felt they were falling behind when online retailers such as
Amazon were taking all of their business. Best Buy responded by making sure they
were updating their services and increased their training budget for their
employees. The retailer said it increased its training budget and expected to
intensively train 50,000 workers, which is more than a third of its sales force.
One of the main reasons I believe Best Buy is ranked in the top 25 is
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What Is The Best Western Logo Analysis
Best Western a chain of hotels that was established in 1946 has recently upgraded logos. They
upgrade from a standard two dimensional logo to a spiffy three dimensional logo. The change
surprised most although the new logo isn't horrible according to writers. The logo is very nice and
neat as well as, very well thought through. Best Westerns logo change is a perfect example of how a
company's logo, the image of the company, can affect the company. Best Westerns new logo has a
vibrant color scheme. The two colors used in the logo are white and blue. The scheme was said to
"pull the company together" by Best Westerns press release. The color scheme is a good
combination because the white space allows the blue to stand out. These colors really
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Best Buy Research Paper
Everyone today has heard of one of the largest retailers, Best Buy. Most of us
have probably bought something from best buy. Best Buy was founded in West Saint
Paul, Minnesota in 1966 by Richard M Schulze and would later become known as
best buy in 1983 with more emphasis placed on consumer electronics. Some of Best
Buy's subsidiaries included, Geek Squad, Best Buy Mobile, Magnolia Audio Video,
and Pacific Sales (only in US). Since, Best Buy has gone public and is traded on the
NYSE. Their headquarters are in Richfield Minnesota and ran by CEO Hubert Joly.
Best Buy has many products and services since they target consumer
electronics. For example, you can buy the following at a retail Best Buy Store:
laptops, iPads, cells phones, CDs, DVDs, TVs, printers, ... Show more content on Helpwriting.net ...
If you have any question with a product you purchase from Best Buy they
have excellent training services to help you use your devices. Look no further than
the Geek Squad. Their service can help you set up for devices and offer training to
use your new device. When you have such a successful company as Best Buy they
have to have a well structured training service to train and develop their employees.
Since technology is always evolving, Best Buy must constantly change its services so
they keep the most current products on the selves. Most consumers want the latest
and greatest products. In order for Best Buy to stay atop of the top 25 organizations
they must continue to adapt and change their services.
In 2012, Best Buy felt they were falling behind when online retailers such as
Amazon were taking all of their business. Best Buy responded by making sure they
were updating their services and increased their training budget for their
employees. The retailer said it increased its training budget and expected to
intensively train 50,000 workers, which is more than a third of its sales force.
One of the main reasons I believe Best Buy is ranked in the top 25 is
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Week 4 Best Buy Case Study Homework Assignment
OL–BA298 Week 4 Best Buy Case Study Homework Assignment; By Jeffrey Ray Jackson Sr.
09/03/2016. Through the course of the history of Best Buy as a firm, during and over the years,
managerial changes have occurred, having being infrequent (meanings, rare, as uncommon, not
occurring often, being exceptional) through internal leadership, had some–to–little impact about
Best Buy's overall strategy, because of promotions and managerial succession or managerial
failure(s). Why did managerial have any succession or failure(s) have little impact? It seems to me;
little impactions may escalate down–ward–down–hill, as being negative scenario's, from a bit–to–
little–to–some–then–more problem(s). This is called a Best Buy setback, as with not–with–
standing(s), as misunderstand–dings or challenge(s) as difficulties of not occurring often and being
rare with too hard to comprehend explanations to say and write it all down. Furthermore, Best Buy's
rapid expansion(s) did brought with it, usual high debt levels and uncommon low profit margins that
eventually forcing Best Buy (the firm) into slowing down the firm's expansion and reconsidering
few–to–some of its low–cost strategy or strategies. From 1966, Richard Schulze, had suggestions for
improvement(s), but, wasn't token seriously from other people. early in his managerial career,
Schulze, allowed himself to show–off his uncanny ability to adjust to market trends and seek out
profitable opportunities. Since, 1966, Best Buy began
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The Scandal Of Healthsouth Corporation Scandal
Introduction Organizational misconduct is the chief cause behind corporate accounting scandals.
The trusted executives of the corporation participation in actions during a scandal are corrupt,
unethical, and illegal. In the United States, the Securities and Exchange Commission (SEC) is
typically the government agency that investigates such scandals. One of the most notorious
corporate accounting scandals in the United States is the HealthSouth Corporation scandal of 2003.
HealthSouth Corporation is one of the United States largest healthcare providers with locations
nationwide. A deeper inspection of the HealthSouth scandal is needed to understand how it
transpired by assessing how it was executed, the accounting issues and root of the issue, how it was
exposed, the results to the company and its main contributor, and ramifications as an outcome of the
scandal.
Scandal Overview In 1984, Richard Scrushy founded HealthSouth in Birmingham, Alabama.
Scrushy was the company's Chairman and Chief Executive Officer (CEO) when the company went
public in 1986. HealthSouth grew quickly over the next several years. Shortly after HealthSouth
went public, it is alleged that Scrushy instructed senior staff to materially inflate the company's
earnings to match expectations. In 2002, the first sign of troubles occurred when Scrushy sold $75
million of HealthSouth stock days before HealthSouth announced a large loss. After this the SEC
began to investigate if any insider trading laws had
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The Best Buy Inc.
Best Buy Inc. is a retailer of technology products, services and solutions globally. Its stores offer
consumer electronics such as television, cameras, printers, portable electronics and related
accessories. Other offerings include computing and mobile phone products and related subscription
services. Video gaming hardware, software, appliances as well as kitchen and bath fixtures are also
sold in–store and online. Product repairs, delivery, installation and technical support, snacks and
beverages are the value added services provided by Best Buy Inc. The company's online retailing
and service provisions are operated under various brand names such as Best Buy, Best Buy Mobile,
Geek Squad, Magnolia Audio Video and Pacific Sales. Magnolia Home Theater, Magnolia Design
Center and Pacific Kitchen and Home, deliver store within a store experience. As of January 31
2015, Best Buy operated around 100 stores of various sizes and it's headquarter in Richfield,
Minnesota.
Best Buy is considered part of the electronic stores industry within the services sector. Some major
companies within this industry include Conn's, GameStop, hhgregg, Apple, Dixons (UK), Gome
(China) and Yamada Denki (Japan). According to Consumer Electronics Association, global sales of
consumer technology is about $1 trillion. China is currently the largest market for consumer
electronics with strong retail growth potential in India, Brazil and other emerging economies. There
are approximately 50,000 electronics
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The Healthsouth Scandal: Richard M. Scrushy
The HealthSouth Scandal
The HealthSouth Corporation is a prominent and prestigious company. It has been named, "one of
the nations largest healthcare provider specializing in rehabilitation " (Welcome). HealthSouth
should be applauded for their hard work and dedication to reach such a high–valued title.
Unfortunately, this company will be receiving no applauds. Not all of their hard work and dedication
was approving and it was all because they had a snake in their system. HealthSouth's CEO Richard
M. Scrushy almost single handedly destroyed the company. The HealthSouth scandal is known to be
one of the greatest rises, almost ruin and return the nation has ever seen.
So how and where did this powerhouse of a company get its start? The ... Show more content on
Helpwriting.net ...
"HealthSouth: A Case Study in Corporate Fraud." Arxis Financial, Inc. Simi Valley. 4. Print.
"HealthSouth." 20 Feb. 2015. Web. 27 Mar. 2015. <en.wikipedia.org/wiki/healthsouth>.
HealthSouth Scandal Summary Presentation. 2013. Film.
"Former HealthSouth CEO, Richard Scrushy, Gets Prison Sentenced Reduced." Forbes. Forbes
Magazine. Web. 29 Mar. 2015. <http://www.forbes.com/sites/walterpavlo/2012/01/26/former–
healthsouth–ceo–richard–scrushy–gets–prison–sentenced–reduced/>.
New York Times. "HealthSouth Corporation." News. Web. 27 Mar. 2015.
<http://topics.nytimes.com/top/news/business/companies/healthsouth–corporation/index.html>.
Ranaivo, Yann. "HealthSouth's Turnaround One of the Biggest Stories of Last 30 Years –
Birmingham Business Journal." Widgets RSS. 30 Aug. 2013. Web. 27 Mar. 2015.
<http://www.bizjournals.com/birmingham/news/2013/08/29/birmingham–milestones–
healthsouth.html?page=all>.
"Scrushy Case Is Critical Test of New Law." Tribunedigital–baltimoresun. 26 May 2005. Web. 29
Mar. 2015. <http://articles.baltimoresun.com/2005–05–26/business/0505260111_1_oxley–sarbanes–
healthsouth>.
"Welcome to HealthSouth." HealthSouth: A Leading Provider of Rehabilitation Services for
Recovery after Stroke. Web. 27 Mar. 2015.
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Best Buy Essay
Best Buy was founded in 1966 by the current CEO Richard M. "Dick" Schulze. Based out of Eden
Prairie, Minnesota the corporation currently has 446 stores and earned over 83 million in total
revenue last year. Best Buy carries a wide variety of products consisting of Major Appliances, video
and audio equipment, computers, software, music, and wireless technology. When analyzing this
corporation it is important to pay close attention to its current and future services and products, any
problems with the corporation, the future direction Best Buy is headed, what can be done for the
corporation, and what it can do for you as a consumer or employee.
Best Buy is currently the number one computer retailer throughout the U.S. and offers ... Show more
content on Helpwriting.net ...
If we are in a recession or there are a lot of layoffs in the area of a certain store its business is
directly affected. Unlike with some corporations such as CISCO systems or Ameritech they are in
many way's utility services and aren't directly influenced by the state of the economy. Best Buy's
CEO Dick Schulze admitted in an article that sales are down due to the current state of the economy:
"We had expected earnings to decline in a decelerating economy," Best Buy chief executive Richard
Schulze said in a statement. But, he added, "I remain confident that we are on track to deliver
earnings growth of 16 to 18 percent this year," or $2.16 to $2.21 per share, assuming no significant
decline in the economy. ‘ this seems to be the case with most retail chains but with the amount of
expansion that Best Buy is working towards there is plenty of room to make up for losses.
In terms of future directions the company is taking, in February of 2001, Best Buy embarked on its
most advantageous venture by the acquisition of the Musicland Corporation which owns stores such
as Sam Goody Music, Suncoast Video, and Media play. This acquisition will help to give Best Buy
the edge in the electronic and entertainment sales field. Best Buy obtained over 1300 stores from the
Musicland Corporation. Richard Schulze's press release said it all when he discussed where the
company was headed with the newly acquired stores. "We
... Get more on HelpWriting.net ...
The Healthsouth Scandal : Richard Scrushy
To help understand what happened in the HealthSouth Scandal we'll need to understand a few
things. First we need to know some of the key people involved. The person who allegedly
spearheaded the scandal was Richard Scrushy. Scrushy was the CEO of the company starting in
1994 until he was removed from office in 2003, and was also one of the cofounders of HealthSouth.
He is thought to have been the one to convince the rest involved to commit the fraud.
Next we'll need to know is who the "Big 5" were. (Stuart) The "Big 5" were the five CFO's involved
in the scandal. (Stuart) Starting in chronological order of time in which they held the CFO position
we'll start with Aaron Beam Jr. Aaron served in the company for almost 13 years and was also one
of the cofounders with Scrushy. Next we have Michael D. Martin, followed by William T. Owens,
Weston Smith, and finally Malcolm "Tadd" McVay. All the CFOs had a hand in the HealthSouth
fraud which misled investors by overinflating the stock price of HealthSouth stock making it appear
more profitable than it actually was.
Next we need to include the five CFO's direct staff. We'll start with Richard Botts who was the Vice
President for Taxes within HealthSouth between 1998 and 2003 (Stuart). He was responsible for
filing falsified document to tax officials. Jason Brown, HealthSouth's Vice President of Finance
between 2000 and 2003, falsified documents to help fix HealthSouth's books and make the company
look more profitable than it
... Get more on HelpWriting.net ...

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Best Buy Company Inc.

  • 1. Best Buy Company Inc. Best Buy Company Inc, "Expert Service, Unbeatable Price" [Biographical Section] A man named Richard M. Schulze and his partner started Best Buy in 1966. The original store was called "Sound of Music" which was an electronics store that specialized in stereo systems. In 1967, Sound of Music purchased Bergo Company and Kencraft Hi–Fi and pulled in about $1 million in revenue. In 1969, Schulze took his partners half and decided to become a public company on the NASDAQ exchange. What started as a single store in Saint Paul, Minnesota became a chain of nine stores by 1978. In the 1980's, Sound of Music was left with seven stores because of unfortunate accidents caused by a tornado. In 1983, Sound of Music was renamed to Best Buy Company. Along side changing the name of the company they also decided to expand on business by selling other at home appliances such as VCRs. In 1987, Best Buy decided to change up the style of their stores to a more fashionably fixture store. They began the commission free sales environment, which created a more relaxed shopping experience for customers. In 1992, Best Buy earned their first $1 billion in sales revenues. Around the late 1990's Best Buy then expanded their company to the New England territory and also began selling home theater systems and computer technology alongside their already popular TVs, VCRs, etc. Around the early 2000's, Best Buy gave birth to an entertainment media label called Redline Entertainment. Their goal was to ... Get more on HelpWriting.net ...
  • 2.
  • 3. Richard Scrushy and HealthSouth Essay Introduction HealthSouth is one of the nation's largest healthcare providers specializing in rehabilitation. HealthSouth was founded by Richard M. Scrushy in 1984 and went public in 1986. Scrushy served as its Chairman of the Board from 1994 to 2002. The company was incorporated in January 1984 as Amcare Inc. before its name was changed to HealthSouth Rehabilitation Corporation in May 1985. In January of 2003, Mr. Scrushy reassumed the position of CEO. HealthSouth grew rapidly during the 1980's and 1990's. This growth was largely due to acquisitions. HealthSouth owned more than 330 hospitals worldwide. It was also during this time that Scrushy became known as one of the highest paid CEOs in the United States. ... Show more content on Helpwriting.net ... The charges included conspiracy, money laundering, obstruction of justice and perjury (Johnson & Johnson, 2005, p. 37). Were there any early warning signs that may have predicted this type of behavior in Mr. Scrushy? "Perhaps what we need is a scale for measuring the moral development or character of the officers to whom the financial status and reports of the company are entrusted" (Jennings, 2005, p. 44–45). One measurement that can be used is a look into their personal lives. An evaluation of the private conduct of the executive can often prove to be insightful and a predictor of future behaviors. "How we treat those who are the closest to us and, at least in theory, the most important is telling" (Jennings, 2005, p.45). Mr. Scrushy was married to wife number three and is the father of eight children by three different women. Impact on Stakeholders Richard Scrushy's management style was one that fostered intimidation and fear amongst his employees. The weekly Monday morning meetings were often called Monday morning beatings when the actual budget numbers did not meet the forecasted expectations. "Every Monday morning he grilled his division chiefs on the profits in their areas of responsibility and publicly berated any subordinate who failed to meet his expectations" (Solieri, Felo & Hodowanitz, 2008, p. 342). Whenever actual financial results did not meet the forecast, Mr. Scrushy's instructions were to go and ... Get more on HelpWriting.net ...
  • 4.
  • 5. Healthsouth Corporation: The Sarbanes-Oxley Act HealthSouth Corporation (HRC) is a publically traded healthcare company on the NASDAQ. In 2001 HealthSouth stocks were valued at $15.12 per share and net income was reported to be $393,600,000. For all intents and purposes the company was sound. Until, whistle blower and CFO, Winston Smith, shared with authorities the unethical accounting practices allegedly forced upon him by the company's CEO, Richard Scrushy. According to the Security and Exchange Commission's complaint, "since 1999, at the insistence of Scrushy, the HealthSouth Corporation systematically over stated its earnings by at least $1.4 billion in order to meet or exceed Wall Street earnings expectations" ("SEC vs. HealthSouth," 2003). It should be stated that healthcare ... Show more content on Helpwriting.net ... This was designed to show accuracy of financial data and confidence because of adequate controls that safeguarded the financial data. End of year financial reports were also required to contain an assessment of the effectiveness of the internal controls. The issuer's auditing firm is required to attest to that assessment, after reviewing controls, policies, and procedures during a Section 404 audit, conducted along with a traditional financial audit (Thomas & Klutz, n.d.). Although most of the SOX Act applies only to publically traded companies, at least two criminal provisions were put in place to apply to not–for–profit organizations–provisions prohibiting retaliation against whistleblowers and prohibiting the destruction, alteration or concealment of certain documents or the impediment of investigations (Standing Committee on Pro Bono and Public Service, 2013). SOX requirements reduce fraud and increase corporate governance across both for–profit and not– for–profit organizations. The SOX Act's requirements changed corporate governance in many ways (Maleske, ... Get more on HelpWriting.net ...
  • 6.
  • 7. Marketing Analysis : Best Buy Co. Inc. Introduction Richard M. Schulze and Gary Smoliak founded Best Buy Co. Inc. (NYSE:BBY) in 1966. They are headquartered in Richfield, Minnesota. Originally they began as an audio specialty store and later in 1983 re–branded as a consumer electronic specialty store. After almost 20 years of operations, Sound of Music officially changes its name to Best Buy and launches its first superstore. Best Buy is the leader of its industry accounting for 19% of the market. They have over 1100 locations in the United States and 155,000 employees globally. In 2000, Best Buy launched their online retail store with hopes to expand their customer reach. With an evolving industry, Best Buy needs to develop, integrate, and expand its skills in order to establish a strong competitive advantage. EXTERNAL ENVIRONMENT Societal Environment The external environment is crucial to any company or organization because it allows management to see and understand things outside of their daily routine. The societal environment might focuses on the influence the external environment might have on the company's strategy. In the long run, it might be beneficial or perhaps unfavorable. The general five forces are economic, technological, political–legal sociocultural, and demographic forces. Economic This force regulates any exchange of material or monetary value between companies. Best Buy operates mostly in the United States. As mentioned in the diagnostics of this case, the economic slowdown didn't really ... Get more on HelpWriting.net ...
  • 8.
  • 9. Best Buy Essay examples Best Buy was founded in 1966 by the current CEO Richard M. &quot;Dick&quot; Schulze. Based out of Eden Prairie, Minnesota the corporation currently has 446 stores and earned over 83 million in total revenue last year. Best Buy carries a wide variety of products consisting of Major Appliances, video and audio equipment, computers, software, music, and wireless technology. When analyzing this corporation it is important to pay close attention to its current and future services and products, any problems with the corporation, the future direction Best Buy is headed, what can be done for the corporation, and what it can do for you as a consumer or employee. ... Show more content on Helpwriting.net ... Best Buy also offers the in home delivery and installation of video and major appliances. Because of this agreement with Microsoft, Best Buy's eCommerce is an excellent source for customers to purchase anything in the store on line. Netflix a major source for renting DVD's online has teamed up with Best Buy to enable the customer to buy the DVD movie of choice right from the Best Buy website. BestBuy.com also offers the consumer the option to order any product from the store directly to their door step in the matter of a day. One of the major weaknesses with Best Buy is its dependence on the economy. If we are in a recession or there are a lot of layoffs in the area of a certain store its business is directly affected. Unlike with some corporations such as CISCO systems or Ameritech they are in many way's utility services and aren't directly influenced by the state of the economy. Best Buy's CEO Dick Schulze admitted in an article that sales are down due to the current state of the economy: &quot;We had expected earnings to decline in a decelerating economy,&quot; Best Buy chief executive Richard Schulze said in a statement. But, he added, &quot;I remain confident that we are on track to deliver earnings growth of 16 to 18 percent this year,&quot; or $2.16 to $2.21 per share, assuming no significant decline in the economy. ' this seems to be the case with most retail chains but with the ... Get more on HelpWriting.net ...
  • 10.
  • 11. Richard Joseph Daley Richard Joseph Daley, the grandson of Irish immigrants, was born in the Bridgeport area of Chicago on May 15, 1902. He was graduated from De La Salle Institute in 1918 and worked in the stockyards for several years before studying law. While studying, he worked as a clerk in the Cook County Controller's office. In 1936 Daley married Eleanor Guilfoyle, and the couple had three daughters and four sons. One son, Richard M. Daley, served in the Illinois Senate and as Cook County state's attorney before being elected mayor of Chicago in 1989. Daley held several elected posts before becoming mayor. He was state representative from 1936 to 1938, state senator from 1939 to 1946, county deputy controller from 1946 to 1949, and county clerk from ... Show more content on Helpwriting.net ... A machine politician in the old tradition, Daley will use patronage to control the Illinois state vote and obtain tax breaks and zoning–law favors for real estate interests and others that support him. Although Daley remained popular and influential during his several terms, his administration was marred by a number of political scandals, by civil–rights disturbances, and by a riot at the 1968 Democratic convention. Daley was among John F. Kennedy's key supporters in the 1960 presidential election, providing him with the delegates who helped him win a first–ballot nomination and a massive Chicago vote that delivered Illinois for Kennedy in his narrow victory over Richard M. Nixon. Daley hosted the 1968 Democratic National Convention at President Lyndon B. Johnson's request. Daley's national reputation was seriously tarnished as the result of violence between anti–Vietnam War demonstrators and Chicago police. Ironically, Daley had been a private critic of the Victnam War and had urged Johnson to withdraw U.S. forces. In 1972, Daley was dealt another blow when the Democratic National Convention refused to seat his Illinois delegation because of noncompliance with new selection rules. In 1976, Jimmy Carter said that Daley's endorsement clinched his first–ballot nomination for the presidency, but Daley failed to deliver Illinois for Carter in the election. Controlling 30,000 ... Get more on HelpWriting.net ...
  • 12.
  • 13. A Case Study In Corporate Fraud Back in the 1990's, HealthSouth became one of the largest healthcare service providers nationwide, with the earnings over the billions through several years. Due to the large investments made, it brought on the temptation of "cooking" the books to move money around to places it should not be. Management then began to put a plan together, to move small amounts at a time, so as not to be detected. "It was reported that HealthSouth was overstated investments by almost 5 billion, which made the average journal entry around $2,500." (HealthSouth: A Case Study in Corporate Fraud – Arxis Financial, Inc.) Now I will explain further how the corruption occurred and the consequences of that end result. There were several people involved in the corruption plan of the largest healthcare services. One being the bookkeeper, Mr. Vines, who looked over the balanced sheets to see if any ... Show more content on Helpwriting.net ... (HealthSouth: A Case Study in Corporate Fraud – Arxis Financial, Inc.) Mr. Livesay stated his participation was a one–time thing and could get easily corrupted, but later on became a willing participant. As an end result of his actions, he was put on a six month house arrest and ordered to pay $760,000 in criminal forfeitures and fines. (HealthSouth: A Case Study in Corporate Fraud – Arxis Financial, Inc.) Mr. Crumple, VP & Division Controller, would attend meetings in order to find out where to fake postings in the journals. He would then instruct the accountants to put the fake entries into the company's books. (HealthSouth: A Case Study in Corporate Fraud – Arxis Financial, Inc.) Eventually he moved money to a company called Source Medical to look like a real investment. For his involvement he received 8 years in prison and a fine of $1.4 million dollars. (HealthSouth: A Case Study in Corporate Fraud – Arxis Financial, ... Get more on HelpWriting.net ...
  • 14.
  • 15. Best Buy Is A Retail Company Best Buy is a retail company that was discovered by Richard M. Schulze in 1966 that specializes in all types of electronics. These electronics could be anything from cell– phones to laptops to speakers. When the company first opened in Minnesota, they went by the name of Sound of Music Inc. Back than the store only focused on stereos for the home and car. Around four years after that, Schulze bought out his partner and began to expand the company on his own. Things really started to boom around the 1980's, and in 1983 the company renamed itself to Best Buy. They than started to focus on other type of equipment other than just audio devices, such as a device that was popular back than but seems primitive now, the VCR. The following year is ... Show more content on Helpwriting.net ... Students will be able to lease either new or slightly used products (from previous leases) for the academic school year by signing a contract with their local Best Buy. The contract will include details such as when it starts and when it ends, how much is required a month, and if need be a down payment. I think that this will generate a positive response from the public seeing as now more students will be able to handle college with the necessary technology. This is a brand extension because Best Buy currently does not partake in leasing so it will be a new sector for the company to generate income from. The target market is college–students who need to purchase electronics for school. Seeing as how nowadays most students rely on their laptops for notes, important documents, and typing papers, the market is only going to grow in the future. Some professors even require students to take tests and submit homework online. Our whole lifestyle is moving toward to implementation of technology, so we believe everybody should have the opportunity to utilize it. While some kids' may me more fortunate than others in terms of money, we offer the leasing solution as a way to even the playing field so that no students have an exponential advantage over others. Some college students pay for everything on their own and would not be able to afford a new laptop if they had to pay in full at the time of purchase. This is why ... Get more on HelpWriting.net ...
  • 16.
  • 17. The Healthsouth Fraud Acct 480: Forensic Accounting The HealthSouth Fraud ACCT 480: Forensic Accounting Emily Bauer 2/7/2016 At the time when the HealthSouth fraud was discovered in 2003, HealthSouth was the largest owner and operator of inpatient rehabilitative hospitals as well as a provider of surgical and diagnostic services. Employing more than 60,000 people at their 2,000 locations, this billion dollar company had locations in all 50 states as well as operations in the U.K., Canada, Australia, Puerto Rico and Saudi Arabia. In 2003, they were the third largest healthcare company based on revenue. The majority of this revenue, however, was fraudulently created. Then CFO, Weston Smith, talks in detail about the fraudulent activity going on at HealthSouth during his 16 year career ... Show more content on Helpwriting.net ... He describes that the fraudulent actions were presumed to be temporary and would be made up for future quarters making it easier to justify. Employing the "Everyone is doing it." concept allowed Weston to convince himself that HealthSouth's actions were permissible. Due to the fact that other businesses were doing it, it became justifiable for HealthSouth to do the same in order to stay on the same level. Weston described the 80's as a "wild time" in the business industry where cooking the books was a common occurrence. So this type of behavior not only existed with HealthSouth, but the business industry as a whole, making the fraudulent actions even more ... Get more on HelpWriting.net ...
  • 18.
  • 19. Best Buy Financial 9 –7 1 3 –4 0 3 JUNE 30, 2012 JOHN R. WELLS GALEN DANSKIN Best Buy in Crisis Introduction At the end of fiscal 2012, Best Buy found itself in an increasingly challenging situation. Although it could still claim to be the world's largest consumer electronics retailer with $50.7 billion in revenues, growth for the year, at 0.9% was anemic. Meanwhile, Amazon's sales in Best Buy's categories were growing at more than 50% p.a. and its total sales, at $48 billion, were approaching those of Best Buy. Operating profits were also disappointing having dropped 54% to $1.1 billion and net income fell into the red at –$1.2 billion. The fiscal 2012 year–end stock price fell to $24.70, down from a high of $53.86 in 2006. In five years, Best Buy ... Show more content on Helpwriting.net ... In 1988, personal computers were added to the product line. Four years into the superstore strategy, Highland, the industry number two, lowered its prices in Minneapolis, Best Buy's heartland, selling at 10% above cost. Best Buy margins fell sharply. In search of a new approach, Best Buy conducted consumer research and discovered the customers had a poor image of superstores. They saw shopping as a stressful experience and felt pressured by salespeople into buying expensive items. Customers wanted an enjoyable shopping experience and a no–pressure selling environment. Concept II: 1989–1994 In response to this consumer research, Best Buy implemented a ground–breaking "grab–and–go" store format in 1989 called Concept II. Backroom space in stores was turned into sales space and the inventory was put out on display with basic information labels so that customers could see what was in stock and understand the product without explanations from sales staff. Salaried product specialists replaced commissioned sales staff and, rather than pushing products on customers, patiently waited in department centers for customers who sought help. The format proved very popular, and by fiscal 1994, Best Buy operated 151 stores generating $3.0 billion in revenue and $77 million in operating profits. In the process, Best Buy entered Chicago and Texas, Highlands' core territories, and the company went bankrupt. Concept III: 1995–2002 In 1995, Schulze,
  • 20. ... Get more on HelpWriting.net ...
  • 21.
  • 22. The Healthsouth Corporation Inc. INTRODUCTION The HealthSouth Corporation was started in 1984 by Richard Scrushy with hopes of becoming one of the largest healthcare companies in the country. It was doing quite well by 1996 with a market value of nearly $12 billion and was one of the United States largest healthcare firms. This all fell apart in 2003 when it was discovered that Scrushy and his employees had committed fraud in the estimated range of almost $2.7 billion (Daigle, Louwers and Morris 887). Scrushy, over the years, had brought on many new faces to the company. Many of these employees were friends of Scrushy from previous business ventures and business meetings. These employees and the others involved in the fraud were given the name 'family'; highly due to the fact that they all knew what was happening and not one wanted to go to the authorities to confess. It was after the fraud had gone on for nearly six years that the former CFO Weston Smith tipped off federal investigators. Following the actions by Smith, the four other CFO's who ran the company during the fraud came forward which included: Aaron Beam Jr., Michael Martin, Malcom McVay, and then current CFO William Owens. Along with the CFO's their staff members who were also in on the fraud also came forward bringing the total number of involved to fifteen. Also the Birmingham Alabama office of Ernst & Young came under heavy scrutiny for auditing HealthSouth during the fraud and failing to take action on any evidence they found. ... Get more on HelpWriting.net ...
  • 23.
  • 24. Best Buy 's Top Three Executives Best Buy's top three executives are Hubert Joly as the Chairman and Chief Executive Officer, Sharon McCollam as the company's Chief Administrative Officer and Chief Financial Officer, and Shari Ballard as President, U.S. Retail and Chief Human Resources Officer. Best Buy was founded in 1966 by the founder Richard M. Schulze. During its first year of opening Best Buy had earned a sales reach of $173,000 dollars. Four years after it opened Schulze decided to partner and expand his company to new heights; his product line, however, had only been limited to audio products, but that only lasted until the 1980s. Schulze had gotten the idea to open the store to other products after he went to a seminar, where he was able to view different ... Show more content on Helpwriting.net ... Although sales had nearly doubled to $439 million dollars in 1988 net earning had gone down by 64 percent. Rumored that while Best Buy had went into a slump during the fall of 1988 Schulze tried to sell his company to Sears but failed because he demanded certain perks. Best Buy's growth was spectacular, from the years 1989 to 1992 corporate sales rose up to 23 percent, while the industry as a whole had only expanded to nearly three percent. From the years 1992 to 1993 the sales rose again for the first time it went beyond $1 billion dollars, from $929 million to $1.6 billion, this was their biggest increase since they opened. Best Buy had generated the most excitement in Wall Street with the biggest sales and increase in the amount they receive each year growing bigger and better each time. For the first half of 1991 Best Buy was the most popular out of all the other New York Stock Exchange stocks in percentage. In 1993 the stock nearly doubles within a three–month period but then dropped by ten percent in a single day in mid– November. The one year chart about Best shows that Best Buy had an increase in profits at the beginning of 2015 and during the month March, Best Buy had earned the highest this year. It also shows that after they got to their highest point this year, their sales started to go down and that their sales continues to go down steadily until August when the sales had reached new heights. However, ... Get more on HelpWriting.net ...
  • 25.
  • 26. Qnt-561 Week 1 Essay Week Four Team Paper xxxxxxxxxxxxxx QNT/561 August 1, 2012 xxxxxxxxx Week 4 Team Paper Best Buy is a company that has 40 years of history with a very accomplished sense of success. In 1966 Best Buy was a small electronics store in that originated in St. Paul Minnesota by Richard Schulze and an acquainted business partner. Considering that technology changes so rapidly, Best Buy has had to transform from just being the little electronics store down the way into a competitive, customer–driven, talent–powered company that emphasizes on pleasing the customers as it pertains to the life of technology. In 1993 Best Buy was recognized as the nation's second largest electronics retailer and was recognized by ... Show more content on Helpwriting.net ... "For an accurate estimate of the relationship between variables, a descriptive study usually needs a sample of hundreds or even thousands of subjects" (The Association for Educational Communications and Technology). The estimate of the relationship is less likely to be biased if you have a high participation rate in a sample selected randomly from a population. Operational Definitions Operational Definitions Variable Definition Data of Interest #1 The number of products sold during the Holiday Season How will it be measured #1 If the product was sold between November 15 and January 5 Data of Interest #2 Number of temporary employees during the Holiday Season How will it be measured #2 If a temporary employee was active after November 15 and inactive after January 15 Sample Data Collection Designs There are various methods of collecting data such that the information collected can be used to draw inferences about the target population. The sales forecast is the key component for the problem statement and for accuracy it is important to know what consumers prefer over Best Buy. Participation in business surveys is usually voluntary and the quality of the results depends crucially on the willingness of enterprises to co–operate. A promising approach to getting high response rates is to make compliance as painless as possible ... Get more on HelpWriting.net ...
  • 27.
  • 28. Best Buy 's Top Three Executives Best Buy's top three executives are Hubert Joly as the Chairman and Chief Executive Officer, Sharon McCollam as the company's Chief Administrative Officer and Chief Financial Officer, and Shari Ballard as President, U.S. Retail and Chief Human Resources Officer. Best Buy was founded in 1966 by the founder Richard M. Schulze. During its first year of opening Best Buy had earned a sales reach of $173,000 dollars. Four years after it opened Schulze decided to partner and expand his company to new heights; his product line, however, had only been limited to audio products, but that only lasted until the 1980s. Schulze had gotten the idea to open the store to other products after he went to a seminar, where he was able to view different ... Show more content on Helpwriting.net ... Although sales had nearly doubled to $439 million dollars in 1988 net earning had gone down by 64 percent. Rumored that while Best Buy had went into a slump during the fall of 1988 Schulze tried to sell his company to Sears but failed because he demanded certain perks. Best Buy's growth was spectacular, from the years 1989 to 1992 corporate sales rose up to 23 percent, while the industry as a whole had only expanded to nearly three percent. From the years 1992 to 1993 the sales rose again for the first time it went beyond $1 billion dollars, from $929 million to $1.6 billion, this was their biggest increase since they opened. Best Buy had generated the most excitement in Wall Street with the biggest sales and increase in the amount they receive each year growing bigger and better each time. For the first half of 1991 Best Buy was the most popular out of all the other New York Stock Exchange stocks in percentage. In 1993 the stock nearly doubles within a three–month period but then dropped by ten percent in a single day in mid– November. The one year chart about Best shows that Best Buy had an increase in profits at the beginning of 2015 and during the month March, Best Buy had earned the highest this year. It also shows that after they got to their highest point this year, their sales started to go down and that their sales continues to go down steadily until August when the sales had reached new heights. However, ... Get more on HelpWriting.net ...
  • 29.
  • 30. Healthsouth Theoretical Model Of Fraud I. Theoretical Model of Fraud A. Appropriate Fraud Model The best theoretical model of fraud to describe why HealthSouth committed fraud is the fraud diamond not the fraud triangle. Both methods require that these three elements are present for committing fraud: perceived pressure, perceived opportunity, and rationalization. Understanding what motivated HealthSouth's Chief Executive Officer (CEO) Richard Scrushy to commit fraud, how the accounting staff committed and concealed the fraud, and how the staff justified their participation are crucial. However, anti–fraud professionals believe that changes in social behavior require the addition of a fourth element called capability. Capability includes "personal traits and abilities that play a major role in whether fraud will actually occur" (Fighting Fraud in the Government n.d.). For example, Scrushy's persuasiveness and Cathy Edward's position as Michael Vines' boss increased their capabilities to commit fraud. If capable employees refused to participate, fraud occurrences decrease (Fighting Fraud in the Government n.d.) (Hamilton n.d.). B. Fraud Scheme Committing fraud requires motivation from perceived pressures like greed or meeting expectations. With the shift in investor focus and the need to meet analyst expectations, Scrushy and the "family" manipulated earnings to make HealthSouth appear more successful. Perceived opportunity establishes how an individual's position enables fraud to be committed and ... Get more on HelpWriting.net ...
  • 31.
  • 32. Richard M. Schulze And Gary Smoliak In 1966, Richard M. Schulze and Gary Smoliak founded the Sound of Music store which sold home and car stereo equipment in Saint Paul, Minnesota. The company had over $1 million in revenue and made about $58,000 in profits in its first year; it had three stores in Minnesota and became a publicly held company after 3 years. In 1970, Richard solely owned the company since he bought out the stakes of his partner. Later, he realized that the market was heading to saturation and the number of his target customers was decreasing day by day. In 1983, Richard made a decision of renaming the company as Best Buy Co., Inc. to make the store more appealing to the customers. It was also rebranded by putting more emphasis on consumer electronics instead ... Get more on HelpWriting.net ...
  • 33.
  • 34. The Rise And Fall Of A Retail Giant The Rise and Fall of a Retail Giant Abstract Best Buy, a familiar retailer in the technology world, is struggling to stay on top. Online and mass stores have cornered the market in terms of convenience, customer service and price matching. The recent closing of over two hundred stores alongside falling sales has experts predicting that the giant won't be in business long. Using a results–only work environment (ROWE), Best Buy has removed the customer from the equation and forced many employees out. A marketing disaster, Best Buy must change its marketing strategy from sales–based to a customer–based to stay afloat. Best Buy Inc. has built a reputation as a ground–breaking retail giant. It is known as one of the first "big box" stores in ... Show more content on Helpwriting.net ... Paul, MN. The original founders were business partners Richard M. Schulze and Gary Smoliak. Schulze bought out Smoliak, and began building it into a superstore. He then expanded to include VCRs and other home appliances, and in 1985, Best Buy went public. By 1987 it gained a listing on the New York Stock Exchange and revenues reached $239 million from 24 stores. Growth was incessant. At the time, the market was fresh for such a unique store. Its current logo, a yellow sales tag, and its "pick–up and go" style setup was introduced around 1990. (Company History) Growth Revenue continued to double throughout the nineties. In 1995, Best Buy's revenue was $3 billion, but there was no profit. They trained their employees to believe that customers were in charge of sales, not salespeople, and that they were there to assist in purchases, not be pushy. The consumer of the millennium was less needy for assistance in buying electronics; audio, video, and computer systems were commonplace in households of the time. Customers were allowed to help themselves to items on shelves, much like a grocery store setup, and check out when ready. This bolstered customer satisfaction rates. Revenue was above10 Billion in 1999. (Company Histories) In 2000, the company decided to launch a website, BestBuy.com. There, customers could shop from the privacy of their homes without ever dealing with sales representatives. The site was a ... Get more on HelpWriting.net ...
  • 35.
  • 36. What Are Dale Mason's Funeral Services MASON CITY – Dale A. Becker, 77, of 640 South Van Buren, Mason City, died Tuesday night April 22, 2008 at the Hospice Inpatient Unit in Mason City. His Funeral services were held at 2:30 p.m. Friday April 25, at the Trinity Lutheran Church 213 North Pennsylvania Ave., Mason City. Services were with Senior Pastor Jim Magelssen assisted by Father Dennis Cahill officiating. Visitation was held from 4:30 till 7 p.m. on April 23 at the Fullerton Funeral Home, 123 Second Street Southeast, Mason City. Dale was born on March 19, 1931, in LeMars, Iowa. He is one of five sons to Alwin and Maureen nee Hanson Becker. He graduated from LeMars Community Schools in 1949. Dale continued his education at Wartburg College and graduated with a B.A. degree in ... Show more content on Helpwriting.net ... He had a giant love for teaching and helping was appreciated by the students. While Dale worked at NIACC, he was involved in the design, operations, and construction of the gorgeous auditorium. One of Dale's favorite things were his vegetable garden. He was an organic gardener with his wife Sally Becker. Dale and his brothers enjoyed their annual fishing trips as the founding members of the "Fishing and Liars Club." During Dales school years he performed magic and balancing acts with his brothers as "DALO the Magnificent." Dale once said that he would join the circus, but never did. Dale was a very loyal Hawkeye fan, and he always did his daily crossword puzzle each day. His greatest passion in life was his family. Dale's first marriage was to Elizabeth vonFischer on August 16, 1953, and had three children in this marriage. His second marriage was on July 11, 1984, he was united to Sally O'Harrow in their backyard in Mason City. Twenty years later Dale and Sally renewed their vows in their backyard once again, with Father Dennis Cahill, Sally's cousin. Everyone remembers Dale's wit, wisdom and remarkable modesty regarding his achievements. He never bragged about anything, and appreciated ... Get more on HelpWriting.net ...
  • 37.
  • 38. Music In Disney Fairy Tale Movies The Considerations that Go into the Music in Disney Fairy Tale Films Disney as a popular animation company provides powerful fairytale films with the use of music that had a major impact on people and their culture. However, there are many considerations that go into music to make that popular fairytale film. Although some may argue that the music in fairy tale films may distract from the plot because it drags the characters behind, but the truth of the matter is that the music actually helps the plot in fairy tale films. I believe the music helps build enjoyment and create more attraction in a fairytale film. More specifically, the lyrics, instruments and cultures are taken into consideration in a Disney fairytale film. Focusing on these major factors of music can prove that music can actually help in Disney fairytale films. During the 1930s, Disney's two main ... Show more content on Helpwriting.net ... Alan Menken, pianist, has worked in the most popular Disney films that included The Little Mermaid, Aladdin, Pocahontas, Hercules and Enchanted. For Menken, the use of lyrics was a real important factor in Disney's music. In The Little Mermaid, he mentioned we wanted an "I want" moment in a Disney film because there hasn't been an "I want" moment before. Menken states, "My favorite part is that motif [that sounds like] water flowing, which beautifully set up the tone and became the central theme" (Snetiker 58). That "I want" lyric created the most inspiring songs in The Little Mermaid which is "Part of Your World." Another popular Disney classic film, Beauty and the Beast, Menken wanted to do a classic Mozart composition in the beginning to have that quiet opening, hence the lyrics "Little town, it's a quiet village...." These lyrics show that lyrical music adds emphasis on Disney's music. It brings more life to the film instead of having it as a ... Get more on HelpWriting.net ...
  • 39.
  • 40. The Scandal Of Healthsouth Corporation Scandal Organizational misconduct is the chief cause behind corporate accounting scandals. The trusted executives of the corporation participation in actions during a scandal are corrupt and illegal. In the United States, the Securities and Exchange Commission (SEC) is typically the government agency that investigates such scandals. One of the most notorious corporate accounting scandals in the United States is the HealthSouth Corporation scandal of 2003. HealthSouth Corporation is one of the United States largest health care providers with locations nationwide. A deeper inspection of the HealthSouth scandal is needed to understand how it transpired by assessing how it was executed, the accounting issues and root of the issue, how it was exposed, the results to the company and its officers, and warranted ramifications as an outcome of the scandal. Scandal Overview In 1984, Richard Scrushy founded HealthSouth in Birmingham, Alabama. Scrushy was the company's Chairman and Chief Executive Officer (CEO) when the company went public in 1986. HealthSouth grew quickly over the next several years. Shortly after HealthSouth went public, it is alleged that Scrushy instructed senior staff to materially inflate the company's earning to match expectations. In 2002, the first sign of troubles occurred when Scrushy sold $75 million of HealthSouth stock days before HealthSouth announced a large loss. After this the SEC began to investigate if any insider trading laws had been violated. In 2003, ... Get more on HelpWriting.net ...
  • 41.
  • 42. Background And History : Best Buy Co. Part A: Background & History: Best Buy Co., Inc (Best Buy in short) is a Minnesota–based large electronic retail store in U.S, Canada and Mexico. As the predecessor of Best Buy, Richard M. Schulze established Sound of Music, Inc. in 1966, which is electronic store focusing on home and car stereo (Gibsons and Billings, 12). Afterwards, with 17–years of business expansion, Richard and his partner altered the company's name into Best Buy Co., Inc. In the corresponding year, the annual revenue of Best buy reached $9.7 million and the primary business covered small appliances and VCR. Right after 1983, Schulze launched his "Superstore Format" concept, which redefines the position of Best Buy as a "Big Box Electronic Store". This move boost the customer's opportunity to interact with products before purchasing it. In 1985, Best Buy went public. Two years later, the return spike to $293 million from 24 stores. In the Millennium year, Best Buy launched "Bestbuy.com", and diversified products, which includes large appliances, Hi–Tech products, and digital contents were sold online. 2001 was a special year for Canadians, Best Buy purchased Future Shop Ltd,. (Future Shop in short) which is the biggest Canadian electronic retail store for $385 million (Flavelle) Culture & Value: Best Buy has 4 core values for their employees: 1) Having fun while being the best; 2) Learning from challenge and change; 3) Showing respect, humility, and integrity; 4) Unleashing the power of our ... Get more on HelpWriting.net ...
  • 43.
  • 44. Lloyd Hall: A Better Preserve Food Lloyd Hall was born ( June 20, 1894) in Elgin,IL . Lloyd died on ( January 2, 1971) in Pasadena,CA . Lloyd Hall attend to University of Chicago, Northwestern University, earning a B.S and a Master's degree at the University of Chicago.Lloyd was an African American chemist , who contributed to the science food preservation. By the end of his career, Hall amassed 59 United States patents, and a number of his inventions were also patented in other countries. At Northwestern, Hall met Carroll L. Griffith, who was with his father, Enoch L. Griffith, founded Griffith laboratories. The Griffith later hired Hall as their chief chemist. Lloyd invented number of ways to be better preserve food. Many foods are used today were pioneered by Dr.Hall's method. ... Get more on HelpWriting.net ...
  • 45.
  • 46. The Beginning and End of HealthSouth Corporation HealthSouth Corporation was incorporated in January 1984 in Birmingham, Alabma by the founder Richard M. Scrushy. HealthSouth Corporation is the leading provider of medical rehabilitation health care and outpatient surgery services in the United States. Richard M. Scrushy was the former CEO& Founder of HealthSouth Corporation, and there were 5 CFO which were Aaron Beam, Weston, Smith, Bill Owens, Michael Martin and Tadd Mcvay. Richard M. Scrushy is one the founder of HealthSouth in 1984. And he also is the CEO of HealthSouth. At the beginning with his friend in Amcare Company, he use a million dollars investment by Citicorp Venture Capital to founded HealthSouth. Two years later, Richard made HealthSouth become a listed company. In 1987 HealthSouth has expanded to two new areas, which is worker's compensation and sports medicine. Thus it makes HealthSouth earned a hundred million dollars. By 1988, HealthSouth has operated a network of 21 outpatient facilities, 11 inpatient facilities, and seven rehabilitation equipment centers in 15 states, it has became the leader of rehabilitation industry in the U.S(James Press, 2000). HealthSouth got rapid growth through acquisitions in the early 1990s. In early 1990s HealthSouth has been financing over a hundred and eighty one million dollars over 50 states in United States. By the mid–1990s, HealthSouth has operated 14 inpatient and 31 freestanding outpatient rehabilitation centers in 21 states. And it continued to add new ... Get more on HelpWriting.net ...
  • 47.
  • 48. Healthsouth: Fallout And Recovery Fallout and Recovery After the FBI search on HealthSouth's home office in March 2003, exchanging of the Company's stock on the NYSE was promptly excluded. HealthSouth was likewise expelled from the S&P 500 and its stock was removed from list the next week, after which its shares were exchanged on over the–counter "pink sheets." The stock price had closed at $19.55 on March 18; when trading resumed on March 25, the opening price was only $1.85, and it closed the day at just $0.60 (Berry, 2009). J.P. Morgan Chase restricted HealthSouth's $1.25 billion credit extension–which the Company required retrieve to repay its bondholders almost three hundred million by the end of April 2003. These situations were leading the organization in verge of bankruptcy. ... Get more on HelpWriting.net ...
  • 49.
  • 50. Analysis: Throwing Rocks While In A Glass Hospital Throwing Rocks While in a Glass Hospital Rekayial K Bowden Keiser University [Title Here, up to 12 Words, on One to Two Lines] After years of economic struggle, Alabama Governor Don Siegelman was convicted, along with Chief of Healthsouth Richard Scrushy of fraud. While being charged of lying about millions of dollars of Healthsouth's finances, they were in the middle of building a new location. This partially finished beauty was abandoned for over 10 years before it was purchased to be Grandview Medical Center. This overlooked building would soon become one of the most advanced hospitals in the country. From the very first moment you turn onto an already congested. Highway 280, from the interstate, you see the sun making this seemingly all ... Show more content on Helpwriting.net ... The hospital decorated in flat screen televisions, which will be what is directing you to where you need to go. On the 3rd floor, which is the women's and children's unit. This unit has the patient rooms superficially soothing the patient by facing the traffic of 280. While this may not seem all that soothing, the stunning view will literally take your breath away. Miles and miles of trees and looping interstates seem to be the most famous attraction when coming into the patients' room. The large windows make it extremely easy to get lost in your thoughts while staring at the outside world, but in case that is not your style, there are two 42" flat screen televisions in each patients' room. On the television in the room you may order movies or even watch Netflix. One of the televisions will inform you of everything you need to know about the patient, including nurse and doctor names, labs, and goals for the day. Have you ever had to sleep in those uncomfortable chairs in the hospital rooms? The sofas in the women and children rooms have pullout beds which will once again make you forget where you ... Get more on HelpWriting.net ...
  • 51.
  • 52. Healthsouth: The Rise and Fall Essay Running head: HEALTHSOUTH: THE RISE AND FALL HealthSouth: The Rise And Fall Abstract Richard Scrushy (Scrushy) had a vision and was driven by his leadership and entrepreneurial abilities. Scrushy was the mastermind and major creator of HealthSouth Corporation (HealthSouth). Scrushy served as chairman and Chief Executive Officer (CEO) of the corporation for more than 20 years. A Biographical Sketch: Richard Scrushy and HealthSouth. Retrieved March 22, 2005, from the World Wide Web: http://www.richardscrushy.com/biography.aspx. The U.S. Securities and Exchange Commission charged HealthSouth Corporation and CEO Richard Scrushy with fraud, alleging the earnings of HealthSouth have been extremely overstated since ... Show more content on Helpwriting.net ... One year later, Scrushy accepted a position with Lifemark and began a flourishing rise in the corporate world. Scrushy had dreams of his own and during his successful ascend, began planning a new company. He visualized a rehabilitation corporation with outpatient centers, clinics and hospitals. These centers, which were only a dream, would swiftly move patients through physical rehabilitation and permit them to return to work, jobs, and home at a much quicker pace than individuals were accustomed. Scrushy's vision became a reality and would emerge in the world of health care as HealthSouth. A Biographical Sketch: Richard Scrushy and HealthSouth. Retrieved March 22, 2005, from the World Wide Web: http://www.richardscrushy.com/biography.aspx. HealthSouth began operation in 1984 with five employees who shared a one room office. Scrushy supplied the majority of the money, paid payroll and business expenses out of his own pocket until spring of 1984. Twelve years after its founding, HealthSouth was named to the Fortune 500. HealthSouth had quickly become a major leader in rehabilitation, surgery, and diagnostics with operations in all fifty states. Centers were strategically placed in numerous countries outside the United States. The centers operated by HealthSouth and under the leadership of Scrushy were regarded highly for the outstanding service, commitment, and state–of–the–art technology. A Biographical Sketch: Richard Scrushy ... Get more on HelpWriting.net ...
  • 53.
  • 54. Phar-Mor Case Study Phar–Mor was operated as an American discounted drug and variety store opening its first doors in Youngstown, Ohio in 1982. It came to be when the heir to Giant Eagle; David Shapira and the former Tamarkin VP Michael Monus established the well–known drug store. (Press 1996) Between the years 1985–1992 it expanded from 15 to 310 stores in 34 different states and the sales of the stores at hit virtually $1.5 billion dollars. The low priced drugs and all of the different locations of the stories were the reason the public was so attracted to the countrywide company. (Gilpin 1993) The five hundred million dollars in fraud led the company to bankruptcy. Top management and auditor members were convicted of the big scandal. Tamco was formally known as a private grocery store chain named Tamarkin Co. Tamco had a big role in the scandal. (Press 1996) Their relationship to Phar–Mor was Tamco shipped orders for Phar–Mor yet only sending half of the orders while Phar–Mor was paying the full bill. Phar–Mor was being billed for inventory that it did not receive and after the fraud case was out in the public they had to shut down a lot of stores to cover up the companies losses. (UNITED STATES v. MONUS 1997) Giant Eagle paid Phar–Mor seven million dollars on behalf of Tamco. They did not know this at the time because Tamco did not retain records of logging shipments to companies. Giant Eagle later sold Tamco to Phar–Mor so there was no more inventory and billing issues. The ... Get more on HelpWriting.net ...
  • 55.
  • 56. Student Athletes Have A Very Busy Schedule Noah Herried Professor Rickie–Ann Legleitner English–101 November 21, 2016 Time to Work Division 1 student–athletes have a very busy schedule. To be a Division 1 student–athlete you must have great time management skills, determination, and be focused. For them to be successful in the classroom and in their sport, they have a very tough decision. They must pick two of the three: social life, academics, or athletics. They must also realize that they need to make the decision before they make a mistake for instance, becoming ineligible. Student–athletes have many options for help, just as a average college student does. Student–athletes need to have more readily available resources but also use their time wisely through counseling as freshman. The Problem Some people who have never participated in extracurricular activities may ask, "What is so different between a student–athlete's day compared to an average college student's." According to Richard Sherman, a former Stanford University student–athlete and now professional football player, student–athletes have mandatory lifting in the morning, meetings, and practices throughout the day during the season (Richard Sherman Student Athlete Education" 00:01:14–00:01:26). An average college student doesn't have this time commitment. They may be involved in many organizations but the organizations don't meet every day, which is a big difference between the two schedules. A study done by Penn Schoen Berland showed that "on average ... Get more on HelpWriting.net ...
  • 57.
  • 58. Best Buy S Turn Around Strategy For the exclusive use of W. Zhou, 2015. MH0023 0 0 7 7645065 MARNE L. ART HAUD– DAY FRA NK T. ROT HAE RME L Best Buy's Turn–Around Strategy (2013) CEO HUBERT JOLY BREATHED A SIGH OF RELIEF as he reviewed the 2012 end–of–year holiday revenue figures for Best Buy. After perhaps the most tumultuous year ever in the life of the company, he knew the numbers could be much worse. Despite being the world's largest retailer of consumer electronics with $50 billion in annual sales, Best Buy's financial situation was precarious. The company's stock price had fallen from $45 to $15 per share over the past two years, a drop of roughly 60 percent.1 While revenues had been increasing at a marginal rate, both comparable store sales and overall ... Show more content on Helpwriting.net ... © by Arthaud–Day and Rothaermel, 2015. This document is authorized for use only by Wenhan Zhou in COMM taught by Abdulrahman Chikhouni , at Concordia University – Canada from January 2015 to April 2015. For the exclusive use of W. Zhou, 2015. Best Buy's Turn–Around Strategy (2013) premium gadgets and trendy stores, which dominated the market's high–end segment. Carving out a unique niche in this crowded, post–big–box, digital–retail world would not be easy, but it was the only way for Best Buy to avoid the same fate as the now–defunct Circuit City. The recent holiday results were encouraging, but investors were already clamoring for more details on what Joly's next steps would be. A Brief History of Best Buy Together with his business partner, James Wheeler, Richard Schulze founded Sound of Music, an audio specialty store, in Minnesota in 1966. The fledgling company ended its first fiscal year with gross sales of $173,000, and continued to grow rapidly over the next few years. By the time of its initial public offering in 1969, the hometown enterprise had acquired two of its local competitors12
  • 59. and had opened two new outlets near the University of Minnesota in downtown Minneapolis. Schulze bought out Wheeler in 1971,13 shortly after Sound of Music hit the $1 million mark in annual revenues.14 Subsequent years saw continued expansion through additional locations, new product lines, and novel promotional ... Get more on HelpWriting.net ...
  • 60.
  • 61. Mktg209 Research Paper The success of Cochlear Cochlear's macro–environment and global marketing mix Analysis Abstract: To analyze the reason why Cochlear is successful, it is better to inspect it from a worldwide range. This essay uses PESTLE model to analyze its macro–environments in different countries and regions, and then discuss the impact of these factors. This essay also uses a number of examples to illustrate Cochlear 's responding global marketing mix, to further emphasize the deep impact. Table of Content 1. Introduction: 4 2. Main body: 4 2.1 Political Factor 4 2.2 Economic Factor 5 2.3 Social/Culture Factor 5 2.4 Technical Factor 5 2.5 Legal Factor 6 2.6 Environmental Factor 6 3. Conclusion: 6 4. ... Show more content on Helpwriting.net ... Lower price enables more Indians to afford hearing healthcare systems, and in turn makes Cochlear grow in India. 2.3 Social/Culture Factor When it comes to the Social factors, population, income distribution, social mobility, lifestyle, attitude towards work and leisure, and education level are detailed elements of Social factors. For Cochlear, attitude towards healthcare among the society is the main influencing factor. In developing countries like India and South East Asia, the average healthcare awareness is low. To prove this, we only need to quote words from Chundu, Manchaiah, Stephens and Kumar (2013), "it appears that parentally reported outcomes could be related to many factors including the hearing healthcare system with the costs involved for the implanted individuals and their families". As a countermeasure, according to the Economic Times (2010), Cochlear Limited will spend up to 15 million in India, to increase awareness. Additionally, the Social factors are often described as culture difference. Cochlear used localization of the communication strategy to deal with culture difference: In Europe, it cooperated with Loud Group and designed a comprehensive program of Public Relationship, which included traditional media, broadcast, activity, and on–line DeafBlog. While in Cuba, it linked itself with Cuban Revolution 's advanced national ... Get more on HelpWriting.net ...
  • 62.
  • 63. Best Buy Research Paper Everyone today has heard of one of the largest retailers, Best Buy. Most of us have probably bought something from best buy. Best Buy was founded in West Saint Paul, Minnesota in 1966 by Richard M Schulze and would later become known as best buy in 1983 with more emphasis placed on consumer electronics. Some of Best Buy's subsidiaries included, Geek Squad, Best Buy Mobile, Magnolia Audio Video, and Pacific Sales (only in US). Since, Best Buy has gone public and is traded on the NYSE. Their headquarters are in Richfield Minnesota and ran by CEO Hubert Joly. Best Buy has many products and services since they target consumer electronics. For example, you can buy the following at a retail Best Buy Store: laptops, iPads, cells phones, CDs, DVDs, TVs, printers, ... Show more content on Helpwriting.net ... If you have any question with a product you purchase from Best Buy they have excellent training services to help you use your devices. Look no further than the Geek Squad. Their service can help you set up for devices and offer training to use your new device. When you have such a successful company as Best Buy they have to have a well structured training service to train and develop their employees. Since technology is always evolving, Best Buy must constantly change its services so they keep the most current products on the selves. Most consumers want the latest and greatest products. In order for Best Buy to stay atop of the top 25 organizations
  • 64. they must continue to adapt and change their services. In 2012, Best Buy felt they were falling behind when online retailers such as Amazon were taking all of their business. Best Buy responded by making sure they were updating their services and increased their training budget for their employees. The retailer said it increased its training budget and expected to intensively train 50,000 workers, which is more than a third of its sales force. One of the main reasons I believe Best Buy is ranked in the top 25 is ... Get more on HelpWriting.net ...
  • 65.
  • 66. What Is The Best Western Logo Analysis Best Western a chain of hotels that was established in 1946 has recently upgraded logos. They upgrade from a standard two dimensional logo to a spiffy three dimensional logo. The change surprised most although the new logo isn't horrible according to writers. The logo is very nice and neat as well as, very well thought through. Best Westerns logo change is a perfect example of how a company's logo, the image of the company, can affect the company. Best Westerns new logo has a vibrant color scheme. The two colors used in the logo are white and blue. The scheme was said to "pull the company together" by Best Westerns press release. The color scheme is a good combination because the white space allows the blue to stand out. These colors really ... Get more on HelpWriting.net ...
  • 67.
  • 68. Best Buy Research Paper Everyone today has heard of one of the largest retailers, Best Buy. Most of us have probably bought something from best buy. Best Buy was founded in West Saint Paul, Minnesota in 1966 by Richard M Schulze and would later become known as best buy in 1983 with more emphasis placed on consumer electronics. Some of Best Buy's subsidiaries included, Geek Squad, Best Buy Mobile, Magnolia Audio Video, and Pacific Sales (only in US). Since, Best Buy has gone public and is traded on the NYSE. Their headquarters are in Richfield Minnesota and ran by CEO Hubert Joly. Best Buy has many products and services since they target consumer electronics. For example, you can buy the following at a retail Best Buy Store: laptops, iPads, cells phones, CDs, DVDs, TVs, printers, ... Show more content on Helpwriting.net ... If you have any question with a product you purchase from Best Buy they have excellent training services to help you use your devices. Look no further than the Geek Squad. Their service can help you set up for devices and offer training to use your new device. When you have such a successful company as Best Buy they have to have a well structured training service to train and develop their employees. Since technology is always evolving, Best Buy must constantly change its services so they keep the most current products on the selves. Most consumers want the latest and greatest products. In order for Best Buy to stay atop of the top 25 organizations
  • 69. they must continue to adapt and change their services. In 2012, Best Buy felt they were falling behind when online retailers such as Amazon were taking all of their business. Best Buy responded by making sure they were updating their services and increased their training budget for their employees. The retailer said it increased its training budget and expected to intensively train 50,000 workers, which is more than a third of its sales force. One of the main reasons I believe Best Buy is ranked in the top 25 is ... Get more on HelpWriting.net ...
  • 70.
  • 71. Week 4 Best Buy Case Study Homework Assignment OL–BA298 Week 4 Best Buy Case Study Homework Assignment; By Jeffrey Ray Jackson Sr. 09/03/2016. Through the course of the history of Best Buy as a firm, during and over the years, managerial changes have occurred, having being infrequent (meanings, rare, as uncommon, not occurring often, being exceptional) through internal leadership, had some–to–little impact about Best Buy's overall strategy, because of promotions and managerial succession or managerial failure(s). Why did managerial have any succession or failure(s) have little impact? It seems to me; little impactions may escalate down–ward–down–hill, as being negative scenario's, from a bit–to– little–to–some–then–more problem(s). This is called a Best Buy setback, as with not–with– standing(s), as misunderstand–dings or challenge(s) as difficulties of not occurring often and being rare with too hard to comprehend explanations to say and write it all down. Furthermore, Best Buy's rapid expansion(s) did brought with it, usual high debt levels and uncommon low profit margins that eventually forcing Best Buy (the firm) into slowing down the firm's expansion and reconsidering few–to–some of its low–cost strategy or strategies. From 1966, Richard Schulze, had suggestions for improvement(s), but, wasn't token seriously from other people. early in his managerial career, Schulze, allowed himself to show–off his uncanny ability to adjust to market trends and seek out profitable opportunities. Since, 1966, Best Buy began ... Get more on HelpWriting.net ...
  • 72.
  • 73. The Scandal Of Healthsouth Corporation Scandal Introduction Organizational misconduct is the chief cause behind corporate accounting scandals. The trusted executives of the corporation participation in actions during a scandal are corrupt, unethical, and illegal. In the United States, the Securities and Exchange Commission (SEC) is typically the government agency that investigates such scandals. One of the most notorious corporate accounting scandals in the United States is the HealthSouth Corporation scandal of 2003. HealthSouth Corporation is one of the United States largest healthcare providers with locations nationwide. A deeper inspection of the HealthSouth scandal is needed to understand how it transpired by assessing how it was executed, the accounting issues and root of the issue, how it was exposed, the results to the company and its main contributor, and ramifications as an outcome of the scandal. Scandal Overview In 1984, Richard Scrushy founded HealthSouth in Birmingham, Alabama. Scrushy was the company's Chairman and Chief Executive Officer (CEO) when the company went public in 1986. HealthSouth grew quickly over the next several years. Shortly after HealthSouth went public, it is alleged that Scrushy instructed senior staff to materially inflate the company's earnings to match expectations. In 2002, the first sign of troubles occurred when Scrushy sold $75 million of HealthSouth stock days before HealthSouth announced a large loss. After this the SEC began to investigate if any insider trading laws had ... Get more on HelpWriting.net ...
  • 74.
  • 75. The Best Buy Inc. Best Buy Inc. is a retailer of technology products, services and solutions globally. Its stores offer consumer electronics such as television, cameras, printers, portable electronics and related accessories. Other offerings include computing and mobile phone products and related subscription services. Video gaming hardware, software, appliances as well as kitchen and bath fixtures are also sold in–store and online. Product repairs, delivery, installation and technical support, snacks and beverages are the value added services provided by Best Buy Inc. The company's online retailing and service provisions are operated under various brand names such as Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video and Pacific Sales. Magnolia Home Theater, Magnolia Design Center and Pacific Kitchen and Home, deliver store within a store experience. As of January 31 2015, Best Buy operated around 100 stores of various sizes and it's headquarter in Richfield, Minnesota. Best Buy is considered part of the electronic stores industry within the services sector. Some major companies within this industry include Conn's, GameStop, hhgregg, Apple, Dixons (UK), Gome (China) and Yamada Denki (Japan). According to Consumer Electronics Association, global sales of consumer technology is about $1 trillion. China is currently the largest market for consumer electronics with strong retail growth potential in India, Brazil and other emerging economies. There are approximately 50,000 electronics ... Get more on HelpWriting.net ...
  • 76.
  • 77. The Healthsouth Scandal: Richard M. Scrushy The HealthSouth Scandal The HealthSouth Corporation is a prominent and prestigious company. It has been named, "one of the nations largest healthcare provider specializing in rehabilitation " (Welcome). HealthSouth should be applauded for their hard work and dedication to reach such a high–valued title. Unfortunately, this company will be receiving no applauds. Not all of their hard work and dedication was approving and it was all because they had a snake in their system. HealthSouth's CEO Richard M. Scrushy almost single handedly destroyed the company. The HealthSouth scandal is known to be one of the greatest rises, almost ruin and return the nation has ever seen. So how and where did this powerhouse of a company get its start? The ... Show more content on Helpwriting.net ... "HealthSouth: A Case Study in Corporate Fraud." Arxis Financial, Inc. Simi Valley. 4. Print. "HealthSouth." 20 Feb. 2015. Web. 27 Mar. 2015. <en.wikipedia.org/wiki/healthsouth>. HealthSouth Scandal Summary Presentation. 2013. Film. "Former HealthSouth CEO, Richard Scrushy, Gets Prison Sentenced Reduced." Forbes. Forbes Magazine. Web. 29 Mar. 2015. <http://www.forbes.com/sites/walterpavlo/2012/01/26/former– healthsouth–ceo–richard–scrushy–gets–prison–sentenced–reduced/>. New York Times. "HealthSouth Corporation." News. Web. 27 Mar. 2015. <http://topics.nytimes.com/top/news/business/companies/healthsouth–corporation/index.html>. Ranaivo, Yann. "HealthSouth's Turnaround One of the Biggest Stories of Last 30 Years – Birmingham Business Journal." Widgets RSS. 30 Aug. 2013. Web. 27 Mar. 2015. <http://www.bizjournals.com/birmingham/news/2013/08/29/birmingham–milestones– healthsouth.html?page=all>. "Scrushy Case Is Critical Test of New Law." Tribunedigital–baltimoresun. 26 May 2005. Web. 29 Mar. 2015. <http://articles.baltimoresun.com/2005–05–26/business/0505260111_1_oxley–sarbanes– healthsouth>. "Welcome to HealthSouth." HealthSouth: A Leading Provider of Rehabilitation Services for Recovery after Stroke. Web. 27 Mar. 2015. ... Get more on HelpWriting.net ...
  • 78.
  • 79. Best Buy Essay Best Buy was founded in 1966 by the current CEO Richard M. "Dick" Schulze. Based out of Eden Prairie, Minnesota the corporation currently has 446 stores and earned over 83 million in total revenue last year. Best Buy carries a wide variety of products consisting of Major Appliances, video and audio equipment, computers, software, music, and wireless technology. When analyzing this corporation it is important to pay close attention to its current and future services and products, any problems with the corporation, the future direction Best Buy is headed, what can be done for the corporation, and what it can do for you as a consumer or employee. Best Buy is currently the number one computer retailer throughout the U.S. and offers ... Show more content on Helpwriting.net ... If we are in a recession or there are a lot of layoffs in the area of a certain store its business is directly affected. Unlike with some corporations such as CISCO systems or Ameritech they are in many way's utility services and aren't directly influenced by the state of the economy. Best Buy's CEO Dick Schulze admitted in an article that sales are down due to the current state of the economy: "We had expected earnings to decline in a decelerating economy," Best Buy chief executive Richard Schulze said in a statement. But, he added, "I remain confident that we are on track to deliver earnings growth of 16 to 18 percent this year," or $2.16 to $2.21 per share, assuming no significant decline in the economy. ‘ this seems to be the case with most retail chains but with the amount of expansion that Best Buy is working towards there is plenty of room to make up for losses. In terms of future directions the company is taking, in February of 2001, Best Buy embarked on its most advantageous venture by the acquisition of the Musicland Corporation which owns stores such as Sam Goody Music, Suncoast Video, and Media play. This acquisition will help to give Best Buy the edge in the electronic and entertainment sales field. Best Buy obtained over 1300 stores from the Musicland Corporation. Richard Schulze's press release said it all when he discussed where the company was headed with the newly acquired stores. "We ... Get more on HelpWriting.net ...
  • 80.
  • 81. The Healthsouth Scandal : Richard Scrushy To help understand what happened in the HealthSouth Scandal we'll need to understand a few things. First we need to know some of the key people involved. The person who allegedly spearheaded the scandal was Richard Scrushy. Scrushy was the CEO of the company starting in 1994 until he was removed from office in 2003, and was also one of the cofounders of HealthSouth. He is thought to have been the one to convince the rest involved to commit the fraud. Next we'll need to know is who the "Big 5" were. (Stuart) The "Big 5" were the five CFO's involved in the scandal. (Stuart) Starting in chronological order of time in which they held the CFO position we'll start with Aaron Beam Jr. Aaron served in the company for almost 13 years and was also one of the cofounders with Scrushy. Next we have Michael D. Martin, followed by William T. Owens, Weston Smith, and finally Malcolm "Tadd" McVay. All the CFOs had a hand in the HealthSouth fraud which misled investors by overinflating the stock price of HealthSouth stock making it appear more profitable than it actually was. Next we need to include the five CFO's direct staff. We'll start with Richard Botts who was the Vice President for Taxes within HealthSouth between 1998 and 2003 (Stuart). He was responsible for filing falsified document to tax officials. Jason Brown, HealthSouth's Vice President of Finance between 2000 and 2003, falsified documents to help fix HealthSouth's books and make the company look more profitable than it ... Get more on HelpWriting.net ...