Walt Disney Media Conglomerate Analysis

Walt Disney Media Conglomerate Analysis
Walt Disney: Media
Introduction/Random Information
The Walt Disney Company is the world's largest media conglomerate. The company has the ability
to be a successful conglomerate due to its Board of Directors, content theme of quality, as well as
customer ordination in all its operating segments. The company has television holdings in ABC and
ten other broadcasting stations, as well as cable networks including; ABC Family, A&E (37%),
and ESPN (80%).
Each of these divisions that Disney owns and operates are leaders in their respective industries and
capitalize multiple channels that have been created to additional products and other tangible goods
account for 10% of Walt Disney's revenue.
Media Networks – $17,162,000,000 is up 6% ... Show more content on Helpwriting.net ...
The plan is to market these 3D releases by debuting in the consumer home with select Sony 3D
products. This launching would be during the high–traffic holiday retail season which will be
featured nationwide in the United States.
Disney recently announced it was launching eight mobile games for the iPhone, Android,
Blackberry and Java/Brew. Both companies are motivated by what seems to be a booming casual
gaming market.
Another Disney invention is the soon to be released netbook, a "Netpal" for 6–12 year–olds. Made
by netbook pioneer Asustek and selling for $350 at Toys "R" Us starting in late July. A version with
more storage and a longer battery will go through Amazon.com and other retailers. The widget
should go international by the end of the year. The Walt Disney Company is also now one of the
biggest players in the fast–growing social gaming business. Recently the company said it had agreed
to acquire Playdom–the outfit behind games like Social City, Sorority Life, and Market Street for up
to $763 million. Under the terms of the deal, Disney (DIS) will pay $563.2 million for Playdom up
front and an additional $200 million if the social gaming company meets certain unspecified growth
thresholds. For Disney purchasing Playdom, the No. 4 social gaming company on Facebook (and
No. 1 on MySpace), is a quick and easy way to extend its characters and brands to social games, a
market that could be worth $1.5 billion within three years.
Social
... Get more on HelpWriting.net ...

Vivendi (a): Revitalizing a French Conglomerate
MAPPING THE BUSINESS LANDSCAPE
General Environment:
For CGE, the 1980s were a period of "unprecedented opportunity" in France in which it could make
the "great leap forward". The French economy as a whole was growing rapidly and the hopes of an
expanded market with the European Community were attractive opportunities for the firm.
In CGE, one form of diversification was "cross shareholdings". The origin of this cross–
shareholdings can be traced to the period 1986–1988 during a time of "cohabitation" in French
government between a social president, Francois Mitterand, and a more conservative Prime
Minister, Jacques Chirac. Afraid of the inability of the French weak capital markets to absorb large
quantity of shares domestically and ... Show more content on Helpwriting.net ...
In 1984–85, several highly talented engineers were hired away from France Telecom, the
government owned monopoly. CGE 's construction subsidiary, purchased for the apparent synergy
of a similar customer base, was bought as a "poison pill" after St. Gobain, the French glass and
material company, attempted to take over CGE in 1981.
When new CEO, Jean–Marrie Messier took over the charge of the company, he started managing the
company in his own way. Central to Messier 's new operating principles was that CGE must return
to its core activities. Looking forward, his plan was to reduce the importance of Construction and
Property while building the role of communications. Complete divestment from real estate had been
eliminated as an option in the near term because Messier believed that the market would not allow a
quick liquidation of these assets. Messier created alliances with cash rich partners to supplement
CGE 's resources in fast growth areas with high capital requirements.
Structure:
Structure of the firm was quite different in the period of two different CEOs. Both Dejouany and
Messier had different way of managing the company with different level of experience and
understandings.
In the tenure of Dejouany, number of employees grew significantly with the growth of the company.
By 1995, number directly reporting to him was 70. He diversified the whole business into real estate
development, healthcare, transportation, and

Taxable Income And International Transfer Pricing Essay
Taxable Income and International Transfer Pricing Business organizations increasingly look to
globalization to increase profitability and maintain competitiveness. Income from such operations is
taxed differently in the United States (US) dependent upon type of income and the levels of said
income. Such foreign corporations that are controlled by US shareholders are considered controlled
foreign corporations (CFC) which must comply with tax rules instituted in 1962 (Doupnik & Perera,
2014). Wholly owned subsidiaries of US companies such as Bahamamama, Ltd, the subsidiary of
Mama Corporation, are considered a CFC, and as such companies such as Mama Corporation must
determine income taxed by the US. Additionally, global organizations seek to reduce tax liabilities
through transfer pricing. Transfer pricing is used to determine the price of transactions between
subsidiaries and parent companies and is used to reduce tax liabilities of US parent companies. As
such, tax authorities intervene to ensure US corporations report correct tax liabilities.
Mama Corporation Subsidiary Bahamamama, Ltd. Mama Corporation's subsidiary Bahamamama,
Ltd, is a wholly owned subsidiary. As a wholly owned subsidiary, Bahamamama, Ltd is considered a
CFC and as such must determine income taxable to the parent company. The income taxable is
subpart F income, which is income that can be easily moved between tax jursidictions (Doupnik &
Perera, 2014). Such income includes sales to customers

The Judicial Observation On The Australian Competition And...
Executive summary
This essay will mainly analyze and discuss some relevant legal principles and terms related to the
judicial observation on legal position that the judge made in the Australian Competition and
Consumer Commission v Yazaki Corporation case. Therefore, it is necessary to cover the following
key issues: 1. Definition and explanations of separate legal entity doctrine and corporate groups. 2.
When will a subsidiary company be recognized as an agent of its parent. 3. Under what
circumstances can corporate veil be ignored or lifted. Introduction
As mentioned in the prescribed text, the judge observes that there are cases where a parent company
manages its subsidiary and also where a subsidiary company plays an agent role of its parent due to
the parent's substantial control exercised. Queries may then occur as in what is the exact relationship
between a parent company and its subsidiary, as well as what are the criteria that could determine
that relationship. Before clearly explaining these questions, a brief introduction of the 'separate legal
entity' principal will be given, after which the importance of corporate group–where parent and
subsidiary companies lie in will be illustrated, followed by a thorough discussion of corporate veil.
In the end, this essay will cover when to lift the corporate veil under both Common law and
Corporation Acts 2001, mainly regarding some determining factors such as sham and fraud, as well
as the contents in

Vivendi: Revitalizing a French Conglomerate(A) Essay
Executive Summary
CGE experienced glaringly different leadership styles as Jean–Marie
Messier succeeded Guy Dejouany. While Dejouany focused on vertically integrating
CGE and transforming the company into a conglomerate, Messier focused on
profitability and restructuring within the company. As Dejouany's leadership ended with
a cash crisis and corruption scandal, Messier's leadership led CGE's stock to an
appreciation of 71.8% within two years after succeeding Dejouany. The leadership
change occurred at the right time. Dejouany looked at the big picture and maneuvered
CGE into a vast and profitable conglomerate at its prime, while Messier painted the
picture and refined CGE into Vivendi, focusing on ... Show more content on Helpwriting.net ...
The
company started an incentive system in 1997, under which the pay of the managers of
the 8 major business units was linked to their respective return on investment targets.
By the end of 1997, due to Messier being at the head of the company, the stock price
had an appreciation of about 71.8% which lead to a high shareholder value.
III. Alternative strategies
Upon studying the key issues and the corresponding supporting arguments, we
have come up with a few recommendations as to how Vivendi should proceed.

of 8
One option is to strengthen its corporate office by means of centralizing through
the merger with Havas. Vivendi can centralize the various different departments
from the merger with its own departments already in place, thereby reducing staff
redundancy and increasing the sharing of firm knowledge. Once staff redundancy is
reduced, cash flows will be freed up to be injected into more profitable areas. Vivendi
would need to forgo letting Havas operate autonomously when following this strategy. If
Havas operated autonomously, it could continue in much the same way that brought its
success in the communications segment thus far.
Instead of integrating Havas, it could be given autonomy and be separate from
the central organization. This would allow the resources from Havas to have a sense
of boundaries, thereby retaining the

The Performance Manipulation Practice Within Conglomerates
Part A
This article introduce the performance manipulation practice within conglomerates. And explore
some of resources, tactics and skills used by managers who involve in manipulate of performance
reporting. Managers use performance manipulation practice to make their personal benefits or as a
resistance strategy when shareholder sets an unreasonable expectation. And emphasise a theoretical
which establish the important role of a group leader's ability in the performance manipulation. Then
use the empirical material to emphases performance reporting practices is between a parent
company and two of subsidiaries are analyzed using data collected and interview method. Finally
Puyou introduce 3 methods of manipulate performance reporting ... Show more content on
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So they can use their ability to design a tactic to promote internal and external stability involve take
into account other actor's interest and identity to persuade them to cooperate. Finally cause a stable
cooperation and this is the framework of the process of institutionalization cooperation.
Following this article state three manipulate performance reporting measures. First is Account
manipulation which decide over accounting norms and practice have an impact on production of
reporting information. The second is real profit smoothing which refer to meet parent company
expectation. Upper level management makes operational decisions to improve reporting indicators.
The third type of manipulate is slack which defines as a cushion excess resource and upper level
management use to compensate the lack of profit. These methods of manipulating performance
strategy often use various techniques together.
This section will illustrate the conglomerate manager in order to reduce performance reporting
uncertainty use 3 methods of manipulate performance reporting to obtain their position. Ronelec
which is a subsidiary company of EBEL with the mission of reorganizing finance procedure and
production operation entrusted two skilful Vice–CEO. They hired a new financial manager to
control of production site rather than the on–site technician. And taught everyone in Ronelec to track
their expenses, so that

Case Study : Royal Stuff Ltd
This scenario is a case of company law. I will be advising Will and Kate as to the legal possibilities
in regards to the different facts in this case.
Royal Stuff Ltd. Is a holding company which is defined as a company created to buy and own the
shares of other companies which it then controls , while, Royal Productions Ltd. is a subsidiary
company which is a company that is wholly or partly owned by another company that has
controlling interest in it .
These two businesses are companies and in a company, the liability of the owners of the company
for the debts of the company is limited. In Salomon v. Salomon Ltd. the House of Lords held that
Mr. Salomon was entitled to the assets because he had a secured debt and therefore the ... Show
more content on Helpwriting.net ...
In Judicial exceptions, the court mainly lifts the veil for situations involving fraud such as in Gilford
Motor Company Ltd. v Horne where the court held that in cases of fraud, the corporate veil would
be lifted and the owners made responsible . This scenario doesn't give any indications for fraud on
the part of Royal Stuff Ltd. or Royal Productions Ltd. Another instance where the court lifts the
corporate veil is involving group situations. This is when the parent company and a subsidiary are
treated as one entity if they carry on the same business . A legal scholar named Clive Schmitthoff
stated " in regards to liability, the parent company should be liable for the debts of wholly owned
and controlled subsidiaries if it employed these dependent companies as agents and it should be
rebuttably presumed that it used these subsidiaries in that manner." If the court holds this view then
they could hold Royal Stuff Ltd. liable for the failings of Royal Productions Ltd. A case where the
court held a similar view was in Smith Stone and Knight Ltd. v. Birmingham Corporation, the court
treated the subsidiary company as an agent of its holding company, stating it carried out the business
on behalf of the holding company and hence, the corporate veil was lifted . If Royal Stuff Ltd. and
Royal Productions Ltd. are

The Mega Conglomerate, Disney, Walt Disney
History
The mega conglomerate, Disney, began in 1923 with two men and one cartoon, Alice In
Wonderland. From 1988 to present day Disney Pictures has released some of the most successful
films in Hollywood. Disney's most iconic and memorable titles include, The Lion King, The Little
Mermaid, Aladdin and Beauty and The Beast. Disney has pushed the boundaries of the film industry
since its beginning with the production of the first full length animation film, Snow White and The
Seven Dwarfs, as well as the release of their first live action film, Treasure Island. After the death of
Roy and Walt Disney, the company only continued to grow. Robert Iger was named chief executive
officer in 2005. Currently, Disney owns Walt Disney Animation ... Show more content on
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Opening at number 1, the weekend of March 13th 2015, the movie earned an opening weekend
gross of $67,877,361 domestically. Including international gross the film made over $70 million
opening weekend and made their $95 million budget in the second week. In total, Cinderella has
made $438,036,467 worldwide. With a large part of the target audience being female children, the
cast, including, Lily James and Richard Madden, was fairly unknown to them. The seven minute
Frozen Fever short at the beginning of the film, based of the extremely popular animation Frozen,
may have been a drawing factor for crowds to see Cinderella. Although Cinderella had one of the
biggest debuts of the year, its numbers fell short of what was expected by Disney. The lower figures
means the new film fell behind Disney's last live–action remake, Maleficent.
Monkey Kingdom
The Disneynature film, is set in South Asia and follows the story of the macaques monkey, Maya.
With a new son, Kip, and her longtime home, Castle Rock, being taken over, Maya has to relocate
and work hard to get back her home and establish a good future for her son. The movie is narrated
by Tina Fey. The director of the film, Mark Linfield, spent over 2 and a half years filming and
following the animals for the movie. The movie was released on April 17th. The opening weekend
numbers have yet

Analysis : ' At The Time Of Considerable Change On The...
MAMAG
Name: Quynh Dan Vu
Student number: N0717739 ESSAY Question: Critically explore Des Freedman's claim that : "at the
time of considerable change in the global media environment, a focus on the policy making process
is needed" INTRODUCTION For the recent few decades, people have witnessed dynamic changes
in the media environment, the movement in technology from silent to sound movies, black and
white to color television, and so on. Furthermore, the companies are changing day by day in scale
and scope, public opinions become more important in policy making. The transformation is
happening not only in individual countries but also on the global scale. For this reason, the policy
has altered to operate the development. Dr Des Freedman's – professor of media and communication
studies–has claimed that: "at the time of considerable change in the global media environment, a
focus on the policy making process is needed". This essay critically discusses his statements through
three main points. Firstly, the essay discusses how the media environment has changed and how it
looks like currently. Secondly, it considers some key issues concern the policy making process.
Finally, it indicates the government policy makers have regulated the policy to protect, encourage,
restrict and develop its media system. THE GLOBAL MEDIA ENVIRONMENT CURRENTLY
LOOKS LIKE
Nowadays, the major difference from 40 years ago in the media industry properly is the
transformation of media

The Impact Of Limited Liability On The Holding Company And...
The analysis undertaken in this essay will explain the significance of limited liability in respect to
the holding company and its subsidiaries and how creditors are affected by limited liability when
suffered by losses due to unrecoverable debts unless able to prove that the holding company knew of
the subsidiary insolvency. As well we will look at how s588V allows creditors to be able to recover
some of their losses if the courts are able to justify the piercing of the corporate veil of the holding
company by proving that the holding company was aware of the subsidiary's insolvency status this
will allow the subsidiary's liquidator to obtain assets from holding company to fund subsidiary's
liabilities.
A company is a legal personality which 'comes into existence as a body corporate at the beginning
of the day on which it is registered until the company ceases trading. It 'has the legal capacity and
powers of an individual both in and outside this jurisdiction meaning it is considered as a legal
person who is separate from its owners, directors, members, employees and agents and that a
company has its own rights and obligations, able to own and dispose of property, enter into
contracts, able to sue and be sued and has limited liability. Salomon v Salomon & Co Ltd is a
leading case demonstrating this legal principle in practice that a company is entitled to be treated as
separate legal entity irrespective if the owners or shareholders are one person or numerous, as

The Conglomerates : The Disney Company
Deconstructing the Conglomerates: The Walt Disney Company I will be deconstructing The Walt
Disney Conglomerate, a well–known multinational mass media entertainment company headed by
the Walt Disney Studios in California. Many consumers blindly watch television and listen to music
without truly knowing much more about the companies that own them. This is why I have chosen to
write about The Walt Disney Company and its many subsidiaries. The Walt Disney Company is a
successful conglomerate that has made itself well known across the world, and has many profitable
branches, while maintaining its individuality. The Walt Disney Company (often referred to as
Disney), is a giant organization that controls a considerable portion of the entertainment business.
Disney is the largest single–site employer in the United States. Disney currently employs more than
66,000 cast members, and has more than 3,700 job classifications (Barthe, Sebastien). The Walt
Disney Corporation has an expansive amount of assets, their total assets containing a worth of
approximately 74.9 billion US dollars (Silverman, Matt). However, Disney wasn't always this
massive, giant media conglomerate that we know and love today. No, The Walt Disney Company
began in 1929, as Walt Disney Productions –– a year after the first Mickey Mouse debut in the
animated film, Steamboat Willie (Spayd, Elizabeth). The company was started by the Disney
brothers, along with a small handful of animators and employees. In the years

General Electric, A Worldwide Conglomerate Corporation
General Electric, a worldwide conglomerate corporation, was founded in 1892 in New York.
Currently, the GE headquarters remains in Schenectady, New York, and have a second location in
Fairfield, CT. As a publicly traded company, GE is one of the "original twelve" on the Dow Jones
Index; the only one left remaining there today, 119 years later. In addition to the Dow, General
Electric is also a member of the S&P 500. As of 2015, the company operates through the following
business divisions: power and water, oil and gas, energy management, aviation, healthcare,
transportation, capital, and digital. The products general electric manufactures include: aircraft
engines, electrical distribution, electric motors, energy, finance, ... Show more content on
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A company, like General Electric, that has a positive current ratio greater than 1, will also have a
positive net working capital. Net working capital assesses a company's ability to pay off short term
obligations. General Electric, along with their industry, both have the ability to meet short term
commitments and liquidate assets easily. Activity ratios have the capability to show how efficient, or
inefficient, a company is operating. Receivables turnover ratio indicates the level of efficiency with
managing credit given to customers and the collection period. Using their recent third quarter data, I
calculated that General Electric has a receivables turnover ratio of .80. That isn't awful, but their
industry is preforming at a much higher level of 1.8. Essentially, GE is not collecting payments as
fast, and are less efficient than their market competitors. On the other hand, there is also inventory
turnover. This ratio is set up to show how many times a period a company is selling out of
merchandise. Here is where General Electric is very close to the industry average. GE has an
inventory turnover of 4.2, compared to the industry at 4.4. The higher the ratio, the more effective a
business stands. Lastly, total asset turnover is "used to measure how efficiently your business uses
its assets to generate sales" (Avenir). GE possesses a ratio of .14, much lower than the industry

Marketing Plan for News Corporation
KEELE UNIVERSITY
MANAGEMENT SCHOOL
MARKETING DEPARTMENT
MAN40045
GROUP REPORT
MARKETING PLAN FOR NEWS CORPORATION
IN
THE BRITISH NEWSPAPER MARKET
PERIOD 2012–2015
Students: Annie – 11026399
Fiona – 12020379
Max – 10020416
Tiffany – 11026952
November, 2012
CONTENT
* Introduction * Mission statement * SWOT& analysis * Assumptions * Marketing Objectives
* Marketing Strategy * Marketing Mix Recommendations * Reference * Appendix
1. Introduction
News Corporation is a global media corporation controlled by Rupert Murdoch. News Corporation
(known as News Corp), one of the world 's largest media conglomerates, is the globe's primary
publisher of English–language newspapers ... Show more content on Helpwriting.net ...
4. Assumptions
– Online readership continues to rise about 10 percent in next three years
– Readers have a tendency of changing their preference for entertaining newspapers with few words
and more attractive, stylish, abstractive photos conveying in–depth content.
For one thing, rely on the news corporation group strength that develop base on online stream media
and digital publish/broadcast site about the online newspaper. Consequently, the newspaper brands
through get a number of readers to expand its influence on mass media and audience. And earn more
profit from the online advertisements. For another, Acquisition or create a number of newspapers
brands in different reader markets, and get more market share.

5. Marketing objectives
– Make the most advantage of the corporation multi–media group; appropriately raise sales prices;
improve service, and stop the rate war.
– That way will create a 60 % of market share in 'popular market', 'mid market' entering with 20 %
of market share, and 40 percent of market share in 'quality market' during three years from 2012 –
2015.
6. Marketing strategy
6.1 Market segmentation:
After doing the research about macro and microenvironment, as well as the SWOT, we decide to
classify the market based on National Readership Survey's criteria, which is social class –
occupation. This company categorized different occupations in society by labeling from A to E
(more information will

Corporate Social Veil And Limited Liability
I. Introduction
In recent times, there has been an increased incidence among large scale business organizations to
structure their operations through the form of corporate groups, with many domestic and
international subsidiaries, wholly owned or otherwise, with the corporate veil ensuring that each of
these enjoy separate corporate legal personality and limited liability. The existence of these
'corporate groups', with subsidiary companies being heavily controlled by their parent companies,
have necessitated interpretations and applications of existing corporate legal principles to this novel
context, even in case of the basic tenets of corporate law. The circumstances associated with
corporate veil piercing, through detailed consideration of conditions to treating holding and
subsidiary companies as one legal unit, with associated civil liabilities, is also an issue of heated
debate.
This report considers the significance and implications of the concepts of corporate legal
personality, corporate veil and limited liability in the setting of corporate groups. Additionally, there
is an attempt to critically explore and evaluate the corporate civil liability of corporate groups, under
the circumstances of statutory corporate veil piercing, with specific examination of the legal
principles applied by courts to justify such an action to protect creditors.
II. Significance of Corporate Legal Personality with respect to Limited Liability in the context of
Corporate Groups
The

Samsung : The Largest Multinational Conglomerate Companies
Samsung is one of the largest multinational conglomerate companies that produce a wide range of
products included mobile phones, televisions, computers and more other services. "Samsung
Electronics is a global leader in semiconductors, telecommunications and digital media technologies
with sales of 143.1 billion U.S. dollars in 2011 and 221,730 employees spread across 72 countries.
Samsung has been the world 's largest television manufacturer since 2006 and is the world 's largest
producer of LCD panels. The company also has the greatest share of the global market for memory
chips. With the introduction of the Samsung Galaxy S mobile, the company has taken the lead in
global sales figures for smartphones as of 2011." (Samsung – Statista ... Show more content on
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Samsung listen to customers, and form a market research in order to find out the needs, than will
compare with competitor's strength, and mainly focus on how to improve their product itself.
Samsung can increase their brand awareness, and can satisfy customer's wants and needs, also cut
down the cost as well. Moreover, Samsung also adopted the Six Sigma theory, according to
Businessdictionary(2014) this theory is a set of techniques in order to process improvement. This
technique basically allows Samsung to identifying and removing all the cause of errors. This theory
can improve the internal operations. Samsung understand the market is changing quickly, in order to
create a more flexible production plan, they imply the APS system ,Margaret Rouse (2009) and all
the raw materials and production capacity are just due to meet the demand. The APS system allows
Samsung to make fine adjust when there are some sudden changes, for example, machine
breakdown, supplier problem, extra order, also allows the company have better understanding and
gain more information about the production line, this implement is remarkable, and bring Samsung a
great success. 2.3 An evaluation of the company's operations in terms of the performance
imperatives: quality, speed, dependability, flexibility and cost: Samsung is experiencing the
economy of scale, as Samsung has standardize their processes and all the main components part are
produced in their headquarter, Korea, this

Corporate Ethics : Corporate Veil And Limited Liability
LAW302 ESSAY
I. Introduction
In recent times, there has been an increased incidence among large scale business organizations to
structure their operations through the form of corporate groups, with many domestic and
international subsidiaries, wholly owned or otherwise, with the corporate veil ensuring that each of
these enjoy separate corporate legal personality and limited liability. The existence of these
'corporate groups', with subsidiary companies being heavily controlled by their parent companies,
have necessitated interpretations and applications of existing corporate legal principles to this novel
context, even in case of the basic tenets of corporate law. The circumstances associated with
corporate veil piercing, through detailed ... Show more content on Helpwriting.net ...
However, this classical model and related literature has an inherent assumption that the ultimate
owners of the company are actual persons and fails to consider and contemplate the possibility of
owners being other corporate structures or provide a brief consideration to this new business form .
While these principles are directed at reducing the risk of the actual persons engaging in the
business, the emergence of corporate groups, with the holding company as the owner, necessarily
means that the holding company, as a shareholder, enjoys this corporate separation and limited
liability to reduce its risk in engaging in the subsidiary's business. The application of the classical
corporate law model into a group enterprise context means that the parent and subsidiary are
separate legal personalities through the veil of corporation, with assets and liabilities of their own
which are unshared. Accordingly, only the assets and capital of the subsidiary can be used to fulfil
its obligations and the holding company, as shareholder, is liable only to the extent of the unpaid
amounts on their shares. Thus, the holding company enjoys limited liability as a shareholder and can
protect its assets from being used to meet the liabilities of the subsidiary, while being the ultimate
controller of the subsidiary in terms of directly influencing its actions, conduct and decision

Petronas Social Responsibility
Corporate social responsibility (CSR) is describe as a company undertake the voluntary activities to
operate in an economic, social and environmentally maintainable manner. According to the (Raman,
Meenakshi.& Singh, Prakash., 2012) which describe corporate social responsibility is a perception
whereby companies integrate social and environment concerns in their business operations as well
as in their interactions with their stakeholders on a voluntary basis. Petronas's company have doing a
lot of corporate social responsibility that will give benefits to the society and environment.
Firstly in 2002, Petronas was doing the school adoption programme where can be categories as a
long–term integrated education programme and given name as The Program ... Show more content
on Helpwriting.net ...
Petronas wants to balance the challenging demands of its growing city population with
environmental conservation, develop and now manages the KLCC Park. Since its opening in 1988,
the KLCC Park has become a popular public park and green lung providing a recreational center for
the city's residents and visitors. Located in the heart of Kuala Lumpur's commercial and business
district have a 50 acre park, it is an important part of the overall 100 acre KLCC Development.
KLCC Park was developed as a tropical garden sanctuary. These was more than 1900 trees and
palms representing 66 species have been planted in the park, and each carefully opted for aboriginal
relevance to the climate of Malaysia. Petronas complemented the natural components of the park are
considerately designed public facilities for visitor of all ages. These include a two acre of
playground, a children's wading pool, a jogging track, shelters, patterned footpaths, sculptures and
murals, as well as basic facilities. The Park was developed and is maintained by Petronas wholly
owned subsidiary, KLCC Holdings Sdn

The Necessity Of Piercing The Corporate Veil
It was Lord Sumption in Prest v Petrodel Resources who recognised that there is a limited power to
pierce the corporate veil exceptional cases when it is deemed necessary to do so. This serves as
acknowledgement it is still possible to pierce the corporate veil but only as an absolute last resort.
The aim of this essay is to argue that the above statement is true to a certain extent regarding the
necessity of piercing the corporate veil and that perhaps, the way to achieve a more practical and
fairer outcome would be introduce greater flexibility to the use of this measure.
Several commentators have used the terms 'piercing the corporate veil' and 'lifting the corporate veil'
interchangeably. However, there is a difference between the ... Show more content on
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Allowing some room for the judges to exercise this greater flexibility may cause a slight confusion
in the beginning but over time, it is likely that judges themselves would have developed a set of
principles to apply when determining if it is necessary to pierce the corporate veil. In the long run, it
is submitted that this would produce a fairer outcome for the parties involved as judges would be
able to apply the principles developed to individual cases before making a decision.
Due to the separate legal personality of companies, a company can own shares in other companies.
This leads to the formation of corporate groups which can be made up of over 100 companies and
are often owned by a single parent company . The corporate veil was introduced to protect
shareholders in order to encourage entrepreneurial risk–taking and innovation . Limited liability was
introduced at a time where corporate groups were unknown of . Nonetheless, courts have
automatically applied the doctrine of limited liability to corporate groups in order to shield parent
companies from the debts of their subsidiaries without even considering if it is necessary to do so .
Furthermore, in consideration of all the economic wealth and power that corporate groups have, they
can barely be considered as the 'entrepreneurial upstarts' that the limited liability doctrine aimed to
protect. Shareholders in such groups can also use limited liability to avoid responsibility and
'manipulate the amount of

Free Will Of The Media
Free will of the media carries with it certain responsibilities of truthfulness, equality, accurateness
and liability. I will talk about issues involving to media accountability in the present day. The media
are responsible for the greater part of the explanation and experience from which we construct up
our individual perceptive of the humanity and how it works. Our view of realism is based on media
communication that has been constructed and has attitude, interpretation and conclusion build in.
Lacking mass media, sincerity and liability are unattainable in present–day democracy. Freedom of
the media carries with it convinced tasks of openness, justice, truthfulness and responsibility. The
control of the media to form and tear down individual morals comes with enormous duty. The
Oxford English Dictionary define the word responsible as having the commitment to do something,
as part of one 's occupation or task: or having power over or concern for someone, accountable to be
called to the description. Responsibility is defined as the condition or reality of being liable, the
capability to act alone and make a decision, the status of being accountable for one 's presentation
according to the conditions of reference of the Code of Professional Conduct. Collectively, peoples '
tasks are the thing for which they are held responsible, failure to release an accountability render
one responsible for some reprimand or consequence

American Conglomerates
Businesses but not all corporations are categorized as conglomerates. Conglomerates and other sorts
of corporations are permitted entities, meaning that the entity can purchase possessions or face
charges. Corporations and conglomerates, pay state and federal taxes. Conglomerates are
distinguished by the fact that they have much more complex assemblies than other sorts of
corporations.
Media in the United States involve numerous different sorts of communications media. Films,
transistor, television, publications, newspaper, and Internet–based Web sites. The U.S. has a solid
harmony business. Media are controlled by big revenue corporations who gain revenue from
publicizing, subscriptions, and sale of copyrighted material. American ... Show more content on
Helpwriting.net ...
It is overwhelming to visualize that only a minority of media houses accommodate to billions of
spectators.
They are accountable for monitoring all features of the business, from construction and manufacture
to transport. This has directed to a lack of meaningful satisfied and different viewpoints in the
media. Every channel you tune into expresses the same views. There is noticeable control of
contented, exclusively if it is too debatable. The lack of range is a straight outcome of control in the
marketplace, and slight or no healthy market–based opposition.
Cons – Money VS. Public Interest – The lack of acceptable struggle means the media houses, run
after cash in its place of serving the community interest. Every media house is guaranteed of a big
universal audience, the attention moves from providing excellence services to getting more cash.
Innovative or dangerous ideas dangerous ideas are squished in courtesy of 'tried and confirmed'
approaches. With less competition, the media houses charge more and, due to the lack of
alternatives, the customer has to

Vivendi: Revitalizing a French Conglomerate Essay
During the 1980's the French economy expanded assimilating rapidly the scarce existing venture
capital from the week capital market. As a company with a healthy cash flow, Compagnie Générale
des Eaux (CGE) took advantage of economic circumstances and pursued a strong expansion strategy
entering different business realms like real estate, healthcare, or telecommunication. Although this
strategy worked well with the current economical conditions, the absence of an adequate
organizational structure and control was the main cause for the serious financial problems that
followed on the late 1990's.
The person responsible with the vast expansion of CGE, Guy Dejouany promoted a strong asset
diversification strategy. This was possible through a ... Show more content on Helpwriting.net ...
Through divestment Messier reduced the debt ratio, and consequently the company's leverage. He
sold many of the nonessential businesses, but still maintaining a healthy diversity. Strategic alliances
with wealthy and well established partners guaranteed a flow of capital for the rapid growing
business of the conglomerate. Also, partnerships with other competitors, especially in the
communications area, ensured the use of a larger infrastructure and the opportunity to provide
services for more customers. Messier also restructured the company's remaining subsidiaries
through parallel consolidations and mergers.
One of the most important measures that Messier undertook was the formation of a new and clearly
defined organizational chart. An Executive Committee with representatives from all the subsidiary
business meets as a team twice a month, eliminating this way the internal competition. The
headquarters in Paris consisted of departments of finance, legal, human resources, and investor
relationships. Messier instituted that all the asset allocation decisions will be taken at the corporate
level only, in contrast with Dejouany's liberal view who granted investment power based on trus to
the individual managers.
Messier also adopted a plan for employee mobility in order to promote a corporate culture. Under
Dejouany, employees from different subsidiaries rarely acknowledged the affiliation to the same
corporation. The incentive system that

Disney Conglomerates
A conglomerate is a large company that owns several media products. The conglomerate I have
chosen is Disney/ ABC. headquartered in Burbank, California. It is one of the largest media
conglomerates in the world in terms of revenue. Disney was founded on October 16, 1923, by Walt
and Roy Disney as the Disney Brothers Cartoon Studio (SEGD 2014). Widely known and bringing
in a lot of revenue, this company continues to grow. The Walt Disney Company, also known as
Disney, is a multinational mass media and entertainment conglomerate. The history of Disney dates
back all the way back to 1923. The main character of this company is a mouse, Mickey Mouse.
Disney is the world's largest media conglomerate, its assets include movies, television, publishing,
... Show more content on Helpwriting.net ...
There are implications regarding production and distribution of media content to a public audience.
"In the media, as in any industry, big corporations play a vital role, but so do small, emerging ones.
When you lose small businesses, you lose big ideas. People who own their own businesses are their
own bosses. They are independent thinkers. They know they can't compete by imitating the big
guys–they have to in– novate, so they're less obsessed with earnings than they are with ideas. They
are quicker to seize on new technologies and new product ideas. They steal market share from the
big companies, spurring them to adopt new approaches. This process promotes competition, which
leads to higher product and service quality, more jobs, and greater wealth. It's called capitalism"
(Ted Turner). "Today, the only way for media companies to survive is to own everything up and
down the media chain" (Ted Turner). I believe that conglomerates thrive better when they aren't in
the hands of many, because the idea of the company can get changed into something it was not
intended to be. With more people in the ownership, ideas can flow and possibly broaden the
company, but I feel that too many people are unnecessary. In the sense of large companies, many
advisors may be needed. "The

Courts Do not Look Beyond the Shareholders in the Veil of...
The veil of incorporation means that separate legal personality of company operates as a shield
which is the courts will not normally look beyond the façade of the company to the shareholders
who incorporate it. The screen depart the company from its individual shareholders and directors is
commonly referred to as 'the veil of incorporation'.
The House of Lords in the case of Salomon v A. Salomon & Co [1897] identify the legality of
Salomon's 'one–man company', and try to lift this veil, whether to force liability on those veil or
other aim. The veil can be lifted by enactment Dimbleby v National Union of Journalists 1984, but
this provision are rare and incline to force extra individual liability rather than neglect the
corporation's ... Show more content on Helpwriting.net ...
It deny the case Creasey v Breachwood Motors Ltd which shows that even transfer corporation's
assets (some section of a group re–organization of assets) after appear the potential liability would
not defend lifting the veil. This was incomplete with the aim of escape that liability. With the similar
restrictively, another enactment deny that the veil can be lifted easily to force liability on a man
behind an improper business deal. This shows that the courts still willing to lift the veil and the
present law is not closer to the Schmittoff's statement but more towards the statement of Samuels
because of the principle is restrictive apply.
Agency: Court may be lift the veil on a company is only carry the business as an agent of its
shareholder. It means that the deal which entered by the subsidiary could be treat as the deal of the
holding company. The House of Lords refuse the opinion that the corporation was act as Salomon's
agent, the truth about the corporation is a wholly own subsidiary or a single member is insufficient
to act as an agent of its shareholders or member. In previously, the courts have found the
relationship among a subsidiary corporation and its parent corporation. In previously, the courts
have found the relationship among a subsidiary corporation and its parent corporation. It can be
found in the case Smith, Stone & Knight v Birmingham Corporation but Adams v Cape Industries
Ltd verify that an

Company Profile Of Keck Seng Malaysia
Keck Seng (Malaysia) Berhad (KSBM) is a Malaysia–based investment holding company and
public listed company in Bursa Malaysia since 1976 and its stock code is 3476. KSBM formerly
known as Keck Seng Malaysia which established in year 1943 and the co–founder of the company is
Mr. Ho Yeow Koon. KBSM's headquarter is located in Kuala Lumpur, Malaysia. The vision of
KSBM is to diversified their corporation and provide sustainable long term growth that can create
value to shareholders. (KSBM, 2016) Previously, Keck Seng is a small trading business in
Singapore and subsequently expanded and invested in Malaysia by bought few piece of land in
Masai, Johor and ventured into rubber planting and oil palm cultivation. The rubber plantation in
year 1959 was the beginning of Keck Seng Malaysia and diversified their business into various
categories.
KSBM is part of Keck Seng Group that operated its business into several segments include
manufacturing which involved in the operation of hotels and resorts, processing and marketing;
property which involved in property development and investment in Malaysia; and plantation which
involved in ... Show more content on Helpwriting.net ...
The principal activities of TWHB are investment and provision of administration and management
services to its subsidiaries. TWHB has three wholly–owned subsidiaries which include Ta Win
Industries (M) Sdn. Bhd., Ta Win Industrial (H.K.) Co. Ltd. and Ta Win Electronic Tech–Material
(Changshu) Co. Ltd. Besides that, Ta Win Industries is an investment holding company which
consists of two manufacturing plants in Malaysia that involved in manufacturing, processes and
marketing which are Ta Win Industries (M) Sdn. Bhd. and its subsidiary located in Changsu,
Republic of China (Ta Win Electronic Tech– Material (Changsu) Co

Collings Ranch Conglomerate Case Study
Our third stop was along the interstate, right between two formations of Washita Valley. The
formation on the north of us was represented by Pennsylvanian Collings Ranch Conglomerate
(around 350 million years old), which is shown with blue color on the map and the formation on the
south of us was represented by Ordovician Kindblade Limestone (around 450mil years old), shown
by the pink color on the map. There is a huge time gap between these two formations. The Collings
Ranch Conglomerate is outstandingly exposed along Interstate 35 near the top of Arbuckle
Mountains. It was formed during late Pennsylvanian and is slightly younger than Devil's Kitchen
Conglomerate. Large size of grains, conglomerate boulders and cobbles, indicate high energy

Essay about Ethics and Gatekeeping in The Media
Gatekeeping is "controlling access to goods, services, or information, usually applied by individuals
or groups in hierarchical organizations. " (CSA). As it applies to media, gatekeeping refers to the
method in which information is filtered for distribution, this can be done through the internet, print
or broadcasting. Due to the power that gatekeepers wield in controlling what we as the public read,
hear or see, there are many ethical concerns to be considered and liberties to be safeguarded. Rupert
Murdoch is a prime example of a gatekeeper. He is the Founder, Chairman and Chief Executive
Officer of News Corporation. In 2010, News Corporation was the third–largest media conglomerate
in terms of revenue, earning $24.73 billion dollars ... Show more content on Helpwriting.net ...
One in which a new CEO has been hired to take over News Corp. Meet Philippe Dauman. Dauman
has been CEO and President of Viacom since 2006. He also served as Director of CBS from 2005–
2006. Prior to Viacom, from 2000–2006 Dauman was CEO and Co–chairman of DND Capital
Partners, L.L.C., "a private equity firm specializing in media and telecommunications investments"
(Bloomberg). Needless to say, Dauman has more than enough experience to helm News Corp. Of all
the numerous positions that Dauman has held during his illustrious career, his time as CEO at
Viacom is likely the most influential and the position where he served as a gatekeeper. We will
analyze and examine the choices that were made under his leadership at Viacom as a method for
determining how he will manage News Corp. Viacom has numerous media holdings such as MTV,
BET, CMT, Nickelodeon, Spike TV, VHI, Comedy Central, TV Land and Paramount Films. In his
time as CEO of Viacom, Dauman has remained mostly behind the scenes. Unlike Murdoch who is
often in the public eye, Dauman believes that being invisible gives him a competitive edge and
causes his competitors to underestimate and overlook him (Bourgeault). He has brought unity to the
company, by implementing a strategy of investing inwards and has seen his fair share of scandals.
Viacom has been at the receiving end of racist allegations which have not stopped since Dauman
took over the reigns. In August of 2007,

Media 's Impact On Society And The Individual
Despite there being numerous sources and names for media and information, large conglomerate
companies have emerged over the last several decades that own a majority of media outlets in the
United States and throughout the world. These conglomerates operate in an assortment of business
opportunities. The "big six" as they are commonly referred, own up to 90% of the American media
market share (Lutz), and that number is growing. The big six companies include G.E., News
Corporation, Disney, Viacom, Time Warner, and CBS. To demonstrate this growth of consolidation,
that same 90% of the American media was owned by fifty independent companies in 1983 (Lutz).
These figures are outstanding, as they relate and intersect with Stuart Hall's idea of ... Show more
content on Helpwriting.net ...
For example, the conglomerate Comcast corporation is a cable television provider, internet service
provider, phone service provider, the owner of various broadcast stations like NBC and the Spanish
network Telemundo, the owner of film networks like Universal pictures, and the owner of internet
sites like Hulu and Fandango. Comcast even owns the Universal Studios theme parks and a
professional hockey team, the Philadelphia Flyers. This is just a short list of the various businesses
and services that a conglomerate, like Comcast, may own. As of 2017, Comcast reported a
whopping $146–billion–dollar market cap (Selyukh). By further understanding these motives, one is
able to realize the role that media plays in their daily lives and the influence that they may have that
extends outside the television broadcast.
The power that these conglomerates hold may cause given information and facts to be distorted,
possibly in order to better benefit themselves and their own corporate interests. This information
highlights Hall's ideal of how knowledge and power intersect. Hall brings up the idea of how there
is this "Gap of representation," a figurative gap between the actual facts and how the media
represent it (Hall). This gap between representation and the true facts must be measured by the
individual, when he or she may think something is reported inaccurately or in a biased mannered. In
order to understand this gap that may be presented by

Advantages Of A Holding Company
HOLDING COMPANY
A holding company is a parent company that owns sufficient voting shares in a company to control
its management, governing policies. A holding company buys or otherwise obtains a majority
percentage of stock in a company, which becomes and known as subsidiary company. Sometimes a
pure holding company distinguishes itself by adding "Holding" or "Holdings" to its name.
As per company law, a company which is controlled by another company is called as a subsidiary
company and the company which is controlling another company is called as a holding company.
The control can be via control of management or via ownership of shares.
SUBSIDIARY COMPANY
A subsidiary company is a company in which 50% or more voting shares is controlled ... Show more
DIFFERENCE BETWEEN A HOLDING COMPANY AND SUBSIDIARY COMPANY
The terms holding and subsidiary are used to express the managerial, financial, legal and principal
relationships between special types of business organization, which includes financial institutions
and corporations. A holding company means a body which is incorporated to acquire and grip the
majority of shares of other companies; a subsidiary is a business whose mass of the shares is owned
by a holding company.
The differences between a holding company and subsidiary company are as under:
1) On the basis of Ownership
Holding company buys the bulk of the shares in another company, which becomes as its subsidiary.
A holding company must control more than 50% of company's stock before it's considered a
subsidiary. Holding companies may in addition hold other holding companies– in this case they are
known as top holding companies. The holding company has all privileges and farm duties of
ownership for its subsidiaries. The subsidiaries are not autonomously owned; often continue to
function as individual entities, though key corporate decisions are made by holding

Business Assignment : Advertising Industry
Media Institutions Assignment Essay Advertising Industry This essay aims to demonstrate the ways
in which the advertising industry has helped to shape production. In this essay I will be using
"Product placement is the inclusion of a branded product in media, usually without explicit
reference to the product. Most commonly, branded products are featured in movies, television shows
and video games." (Whatis.com, 2013). Product placement is not an uncommon thing nowadays
since Ofcom made it legal in February 2011 for UK channels to include product placement as long
as it sticks to Ofcom rules and guidelines. Product placement is used more now than we may realise,
"ITV said it had shown about 4,000 hours of programming with product placement in it." (Revoir, P,
2015). ITV have used product placement in many well known, popular shows such as 'I'm A
Celebrity Get Me Out Of Here'. Channel 4 also said that they would be airing around 100 hours of
tv content that would contain product placement this year alone! An example of how product
placement will have affected the production of content is Coronation street when they had the
product placement of Nationwide bank for 3 years starting in 2011. Product placement can have a
larger powerful impact than we think, "Product placement can be very successful, as shown by the
65% increase in Reese's Pieces sales after its placement in E.T. The Extra–Terrestrial" (Zimmerman,
I, 2013). This tells us that the impact is larger than

The Merits And Benefits Of Keiretsu In Japan
Introduction
Zaibatsu, the prevailing form of business declined after the Second World War, followed by an
economic reform, a new business management form has emerged, which is the Keiretsu system. It
continued to be the dominant form of business in the second half of 20th century, yet, the economic
recession of Japan in1990s has made people realize the incapability of the old Keiretsu system,
reforms of it is needed for revitalizing Japan's once flourish economy. This paper will examine the
role of Keiretsu system in Japan's economy in detail and discuss the future development of the
system.
Merits and Demerits of Keiretsu System
Due to the dissolution of Zaibatsu, many of the machine and military firms, such as Sony, Honda
and Matsushita, ... Show more content on Helpwriting.net ...
The intimate relationships between Japanese firms and the main banks has made internal cash
position less of a constraint to the firms, as they could continue their investments and growth even
when they are facing a shortage of cash (Wu et al, 2000). Also, the keiretsu system protected the
firms from market failure and reduced the potential financial risks (McGuire & Dow, 2005). The
keiretsu system contributes significantly in evening financial burdens in the face of crisis and in
merging the goals of profit maximization within the corporate community (Kawai, 2007). The
equalizing function immunes firms from the risks of uneven and unbalanced economic
improvements of the member firms within the keiretsu system, as both firms acquire the same
financial access under the system. Meanwhile, the system also reduced the costs for the firms, as the
system allowed firms to form alliance with inter–firm agreements which would lower transaction
costs such as coordinating costs, risks of broken contracts and searching costs (Ozkan,

Fiest Publications Inc. V. Rural Service Company Summary
Fiest Publications, Inc. v. Rural Service Service Company The Rural Service Company offers
telephone services to the areas of Northwest Kansas. In addition to the its telephone service, the
company publishes a telephone directory. Rural gets its information through asking for people's
information when they want Rurales services. Feist Publications Company is known for publishing
directories but covers a broader area than Rural. To obtain white pages listings for its area–wide
directory, Feist approached each 11 telephone companies and offered to pay for the right to use its
white pages listing. Although Rural got permission from 10 of the companies, it failed to get
permission from Rural. When Fiest published the white & yellow pages, many

The Case Of Google Inc.
In the case of Google Inc.'s filing, the details entailed informing investors about its scheduled
reorganization of the holding company, operating structure, and financial reporting, among other
changes. The establishment of Google Inc. began in 1995 when Sergey Brin and Larry Page met at
Stanford University. The two succeeded in building a search engine, originally known as
"BackRub," in 1996. Interestingly, "BackRub" had the capability to use links to determine the
importance of various webpages on the Internet, a phenomenon that was unique in its right at the
time. Through the concept of "BackRub," Google Incorporated was conceived and has grown and
expanded to become one of the largest corporations of modern time. Google has managed ... Show
more content on Helpwriting.net ...
to becoming a unique Company of modern time. According to Page, the planned restructuring of
Google Inc. is a great opportunity for the Company's expansion that would see it grow its product
and consumer base through the devolution of its operations. Moreover, the new structure of the
organization would facilitate advanced innovation and at the same time, revamp the organization's
structure and various brands. The autonomy achieved by the new structures, according to Page,
would accord him and Sergey a chance to keep a tremendous focus on the various unique
opportunities available within Google Inc. Incidentally, the restructuring of Google Inc. shall
witness the Company implementing holding company reorganization later in the year. The
reorganized holding company shall be identified as Alphabet Inc. According to Google Inc. and
Page, Google Inc. shall cede all its capital stock in its ownership to Alphabet Inc. During the initial
phase of the merging between the newly established Alphabet Inc. and Google Inc., Alphabet Inc.
will be a direct, wholly owned subsidiary company of Google Inc. Following that, a newly
established entity that is a direct, wholly owned subsidiary of Alphabet Inc. would merge with the
current Google Inc., with Google Inc. surviving as the direct, wholly owned subsidiary of Alphabet
Inc. Page elucidates that in the basic

Conglomerates In The United States
Describe the difference between a corporation and a conglomerate.
A corporation is independently owned by shareholders; they are larger companies with multiple
employees. Some examples of corporations would be; airline companies, soda companies, Google,
Hasbro and many more. A conglomerate is a large corporation that has several smaller companies.
Business associated with a conglomerate are unrelated and offer different products or services.
"John Rockefeller of Standard Oil, Alfred Sloan of General Motors and Gerald Swope of General
Electric are some of the business tycoons credited with revolutionizing business practices, which
contributed to the organization of today's conglomerates."(Keefer).
Consider the ethics of media conglomerates in the United States. What are the ethical advantages
and disadvantages of allowing large conglomerates to control the mass media? What are alternative
ways the media might be organized that would be more ethical or moral? Explain your reasoning
using both concepts from the course and academic resources. ... Show more content on
Helpwriting.net ...
This would happen because people decide what they want to see, then the control of government
would be reduced. Another advantage would be, what works for the people, works for the media. We
all know that the media works to promote ads to make a profit, but the only way to do this is to offer
what the people want. A disadvantage would be if we allow large conglomerates to control the mass
media, the media would be more loyal to their advertisers and sponsors, rather than the viewers.
Another disadvantage would be "the lack of competing viewpoints and perspectives."(Solanki). I
think an alternative method of operating would be that if they acted like one entity, delivering better
quality and more competition for each

Wal Mart : A Retail Conglomerate
Wal–Mart: A Retail Conglomerate When Wal–Mart opened its doors in 1962, the Walton brothers
had no clue on the magnitude the 'one stop shop" chain would bring. For every company that is
successful, there is a multitude of competitive strategies that are found at the core of their success.
Such strategies virtually direct the company's activities that will essentially carry over and
contribute to their culture, performance, and other strategies that are implemented. Wal–Mart
currently is the biggest grocery retailer, as well as the largest private employer, with over 8,900
stores located in over 10 countries, that serve under 55 different names. However, during the first 5
years, it seemed as though Wal–Mart's reputation and performance were headed in opposite
directions. Furthermore, there are a number of other factors, such as economic, technological, and
socio–cultural, that contribute to the revolution of pricing, demand, and even how products are
manufactured. For example, interest rates affect economic factors, Wal–Mart's low prices contribute
to its social factors, and value chin distribution to enhance their technological factors. Serving nearly
176 million consumers every year and employing over 1.2 million U.S employees, it is of no
wonder why Wal–Mart is the chain conglomerate that it is. Wal–Mart chains are essentially a
franchise of convenince, featuring every item in every department. Consumers have a one stop shop
for items such as house supplies, auto

Business Case Study Interpretation: Tyco
Analysis of Harvard Business School Review
1. What are the goals and objectives of Tyco? How well has the company performed? Show your
analysis and interpretation.
Tyco was a holding company of the highest caliber (at the time of this case's publishing), with a
simple plan that was painstakingly engrained into the corporate culture. Everything about the
company screamed Wall Street success, despite that one CII report to the contrary, and this success
could be credited to the stubborn adherence to meeting 15% growth rates and various financial
performance ratios.
2. What are the nature and characteristics of businesses/industries that they are in? What is the
business selection strategy? What businesses are they entering or ... Show more content on
Helpwriting.net ...
Fort was able to make all future year financial figures shine. He gave his manager's freedom to meet
targets, but was very controller heavy; in essence perpetuating this attention to the financials.
There was one drawback to this style though. In my mind, this Wall Street–heavy strategy makes all
planning year–by–year. Thus, long–term corporate health might be sacrificed in the effort to make
each year's goals. Moreover, this strategy was in stark contrast to the bonus structure set up at Tyco,
adding further to the minds of those who ran the business from day–to–day.
6. Has the company created and sustained its corporate competitive advantage? Explain the sources
of sustainability for Tyco.
We all know the hot water Mr. Koslowski got the company into a few years ago with his lavish
spending at a company party. With that information aside, the skill Tyco has built at acquisition and
holding company management seems to be tried and true. Also, the industries in which it trades
seem to be under the company's control. In these senses, Tyco can thrive for years to come thanks to
competitive advantages.
However, there is one area where Tyco could easily falter. Namely, the very reliance on financial
performance that has made Tyco a success for decades could be its downfall. First of all, the
company has never been as entrepreneurial as management wanted us to believe since there are "no
guarantees that the divisions generating

The Conglomerate Wave Of The 1980's Analysis
In conclusion, the conglomerate wave of the 1960s and the takeover movement of the 1980s shifted
the focus of corporations away from serving the interests of all groups of corporation's constituents
towards serving the class of elite. This shift in the objectives of corporations has created a set of
social issues associated with the vast inequalities, growing rates of precarious employment and the
transfer of wealth from the majority of population to the selected few individuals. In the 1980s,
corporations experienced a decline in profits and employees in different industries experienced
massive layoffs, while the payout ratio of shareholders and corporate executives increased from 42
percent to 57 percent. In the 1990s, layoffs did not decrease,

Essay On Financial Conglomerates
A "conglomerate" is a large "corporation" that comprises a number of diverse, apparently unrelated
businesses. A conglomerate can own a controlling stake in a number of smaller companies that
conduct businesses separately. In a conglomerate, the subsidiary businesses run independently of the
other business divisions, their managers reporting to the top management of the group company. So,
a conglomerate can be also called a multi–industry company. Financial conglomerates are nothing
but financial giants that have a number of small financial companies working under them. They,
basically, are of two types, namely, "financial holding" and "bank holding" companies.
Definition
Now, what are the financial holding companies (FHCs) and bank holding ... Show more content on
Helpwriting.net ...
It may have diverse structural features conditional to various national laws and traditions. Thus, a
financial conglomerate can be characterized chiefly as a securities, a banking or an insurance
structure. The character of that company would be identified by the sector characterized at the
holding company level and/or by the type of major business activities carried out by that financial
conglomerate. Alternatively, it may consist of of businesses such that not a single sector dominates
the character of the entity.
For instance, a financial conglomerate that is involved chiefly with banking would characteristically
be one having its parent company as a banking institution under supervision or a financial holding
company having an authorized credit institution as its dominant subsidiary. Smaller and less
important subsidiaries (of either dominant subsidiary or parent company) would contain insurance
companies and / or securities

Relationship Between Holding Companies and Subsidiaries...
Project–Corporate Law–I
Relationship Between holding Companies and subsidiaries and the concept of piercing the corporate
veil in the light of recent Vodafone 's decision and Finance Act 2012
Submitted to– Dr Kiran Kori Faculty–Corporate Law
Submitted by–Prarthna Baranwal Semester–V Section–A Roll No.–92
HIDAYATULLAH NATIONAL LAW UNIVERSITY, RAIPUR CHHATTISGARH
1
ACKNOWLEDGEMENTS I would like to express my heartfelt gratitude to our respected faculty
Kiran Kori Ma'am for giving me such a relevant and informative topic for the project and for her
continuous guidance and support. My sincere thanks to my parents for their immense help and
cooperation. Last but not the least my humble thanks to Almighty who continues to ... Show more
The concurring judgment of 2:1 was pronounced by the SC on 20th January, 2012. The decision has
been widely discussed because of interesting point of law and huge revenue involved of Rs. 11,000 (
plus ) Crores for the Government of India. The loss of revenue is not limited only to Government 's
losing the Vodafone 's case, the stand of the Govt. has weakened in other similar cases. The legal
issue related to the interpretation of provisions of section 9 of the Income–tax Act, 1961 (Act), read
with section 5 of the Act. In the first round of litigation, the matter primarily related to the issue
whether any income accrued or arose to Vodafone in India on entering into agreements between two
companies for acquiring controlling interest, which one foreign company held in an Indian
company, by another foreign company and, hence, Vodafone was obliged to deduct tax at source on
such acquisition. The basic question involved was whether Indian tax authorities had a right to
impose tax in respect of a transaction where both the transacting companies were based outside
India, but the subjectmatter of transfer was in India. Hence, the notice issued was challenged.2
DECISION AGAINST THE IT DEPARTMENT The Supreme Court has decided the case against
the IT Department holding that no tax is leviable in the situation when the transaction of 'outright '
sale happened between two nonresidents of a capital asset outside India, though the capital asset
(share) was

Types Of Reorganization Of A Company Essay
Reorganization is the process of extending the life of a company that is facing liquidation by
restructuring it in order to carry out activities which minimizes reoccurrence of past situations. Type
A reorganization involves consolidation and merging and it gives greater flexibility since there is no
restrictions of voting stock. Nontaxable status is not affected by removal of unnecessary assets.
Additionally, this type of reorganization saves on time as approval from shareholders, which often
brings complexity can be avoided. In a type B, assets and contracts which cannot be transferred are
not lost, there is no substantially all requisite and liabilities of target's corporation are isolated in a
subsidiary.
In a type C reorganization, the acquiring corporation can be selective while choosing the liabilities it
assumes. A tax responsibility may arise if consideration other than stock is used in the possession of
the resources. Type D reorganization enables the selling corporation to be exempted from paying tax
immediately because assets transfer is followed by absolute liquidation of the acquired corporation.
I would recommend type D as the most beneficial to the client because the shareholders quits
operations once the corporation is bought by the acquiring company Furthermore, transfer of titles
contracts and leases may not be necessary.
In reference to the ABC Corporation, the client should use type C reorganization because it will
enable him/ her to become the sole

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