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Baranovičová, Zuzana. "Stanovení hodnoty podniku působícího ve stavebnictví." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2015. http://www.nusl.cz/ntk/nusl-225070.
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The diploma thesis deals with the determination of the value of the company from the construction branch. The thesis is divided into two parts. The first part aims at the methods of the determination of the value of the company. The theoretical knowledge is applied in the second part, namely in subsections about strategic, financial analysis and the evaluation by the yield method of discounted cash flow. Programs Stratex and Evalent are used to determine the value. The conclusion of the thesis includes the determination of the value of the company applied to 1st January 2014.
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Šurečková, Marcela. "Určování hodnoty podniku." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2021. http://www.nusl.cz/ntk/nusl-444235.
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The diploma thesis deals with the determination of the value of the company FRUJO, a. s. by using income-based methods to 31.12.2019. The theoretical part contains procedures related to the issue of determining the value of the company. The practical part of the work includes the implementation of strategic and financial analysis, analysis and prognosis of value drivers, the compilation of a financial plan and determination of the value by the method of discounted cash flow (entity approach).
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Morys, Thomas. "Company valuation and environmental value." Thesis, Stellenbosch : Stellenbosch University, 2008. http://hdl.handle.net/10019.1/15046.
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Thesis (MBA)--Stellenbosch University, 2008.ENGLISH ABSTRACT: The natural environment has gained intensified importance in recent years (Stern, 2007) as the depletion of free natural resources and creation of non-intentional by-products speeds up. Especially air quality-related issues such as carbon dioxide emissions caused by non-intentional by-products from fuel combustion intensify the pressure on nature and thereby on human beings. Global commitments to greenhouse reduction by different nations, manifested in the Kyoto Protocol, increase the pressure on the economic environment as they force nations and in particular companies to reduce their greenhouse gas emissions to the agreed levels. This means that companies unable to meet the emission targets are forced to acquire additional emission rights. This has an impact on the value of a company. The lower the emissions, the more emission rights can be sold on the carbon markets. Furthermore, the less natural environmental risk a company is exposed to, the higher its value. In general, the risk reductions result from creating benefits for the natural environment. This research project shows how the natural environment impacts on the value of a company. It considers the green value, described as the overall tradable benefit from the reduction of non-intentional by-products, of a small liquid-petroleum-gas (LPG)-converting company. It is assumed that emission benefits created through the reduction of relevant marketable byproducts will lead to emission credit notes, equal to emission rights, offered to companies at the carbon spot market. This enables the companies participating on the carbon market to buy additional emission rights. This non-empirical report focuses on a study of the theory. Topics such as the global natural environment, awareness of natural environment and willingness to pay for higher quality of the natural environment, traditional valuation, and environmental accounting give an understanding of the subject. In addition, personnel communication was used to discuss relevant market expectations and prospects. The outcome is a valuation approach to determine the potential value of companies. The intention is to show that the value goes beyond a purely financial approach. From the valuation procedure performed one can easily see that the value of a company is strongly influenced by the green value component derived from valued environmental benefits.
AFRIKAANSE OPSOMMING: Die natuurlike omgewing het in die afgelope paar jaar toenemend belangrik geword (Stem, 2007) namate die uitputting van gratis natuurlike hulpbronne en die skep van toevallige neweprodukte toeneem. Veral kwessies wat met die gehalte van lug verband hou, soos koolsuurgasvrystellings wat deur toevallige neweprodukte van brandstofverbranding veroorsaak word, verhoog die druk op die natuur en dus ook op die mens. 'n Wereldwye verbintenis tot die vermindering van die kweekhuis-effek deur verskillende lande, wat in die Kyoto Protokol inslag vind, verhoog die druk op die ekonomiese omgewing, aangesien dit lande, en spesifiek maatskappye, dwing om hulle kweekhuis-gasvrystellings tot by die ooreengekome vlakke te verminder. Dit beteken dat maatskappye wat nie die vrystellingsteikens kan haal nie, gedwing word om bykomende vrystellingsregte te bekom. Dit het 'n impak op die waarde van 'n maatskappy. Hoe laer die vrystellings, hoe meer vrystellingsregte kan op die koolstofmarkte verkoop word. 'n Maatskappy se waarde verhoog indien die risiko rakende die natuurlike omgewing verlaag word. Oor die algemeen is hierdie risikoverminderings die resultaat van die skep van voordele vir die natuurlike omgewing. Hierdie navorsingsprojek toon aan wat die natuurlike omgewing se impak op die waarde van 'n maatskappy is. Dit ondersoek die groen waarde, wat beskryf word as die algehele verhandelbare voordeel uit die vermindering van toevallige neweprodukte, van 'n klein vloeibarepetroleumgas-maatskappy. Die aanname word gemaak dat vrystellingvoordele wat geskep word deur die vermindering van toepaslike verkoopbare neweprodukte daartoe sal lei dat vrystellingskredietnotas, wat gelykstaande aan vrystellingsregte is, aan maatskappye by die koolstoflokomark aangebied sal word. Dit stel die maatskappye wat op die koolstofmark handel dryf in staat om bykomende vrystellingsregte te koop. Hierdie nie-empiriese verslag fokus op 'n studie van die teorie. Onderwerpe soos die globale natuurlike omgewing, bewustheid van die natuurlike omgewing en 'n gewilligheid om te betaal vir 'n natuurlike omgewing van 'n hoer gehalte, en omgewingsrekeningkunde dra by tot 'n beter begrip van die onderwerp. Verder is persoonlike kommunikasie gebruik om toepaslike markverwagtinge en -vooruitsigte te bespreek. Die uitkoms is 'n waardasiebenadering om die potensiele waarde van maatskappye te bepaal. Die doel is om aan te toon dat die waarde verder as 'n suiwer finansie1e benadering strek. Uit die waardasieprosedure wat uitgevoer is, kan maklik gesien word dat die waarde van 'n maatskappy sterk beinvloed word deur die groenwaarde-komponent wat deur gewaardeerde omgewingsvoordele bepaal word.
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Rauniyar, Madhubala. "Value stream mapping at XYZ Company." Menomonie, WI : University of Wisconsin--Stout, 2007. http://www.uwstout.edu/lib/thesis/2007/2007rauniyarm.pdf.
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De, Jager Daniel Christiaan. "ERP value determination in South African companies." Diss., University of Pretoria, 2010. http://hdl.handle.net/2263/23780.
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The theme of this research is to establish how South African companies evaluate the benefits of a capital investment, in terms of ERP implementations, to the organisation. The question of whether determinable value can be quantified and the methods used to calculate such value is explored. A search is conducted for critical success factors for successful ERP implementations, key metrics used for monitoring results, and the approach of South African companies to determining benefits. The research is designed to establish what post purchase analyses of completed projects are conducted and what percentage of completed implementations are considered successful in the South African environment, as well as the possible reasons for those successes and failures. The research consists of firstly a qualitative study of the goals of value creation of ERP decisions, which included a couple of interviews with IT and Process Engineering consultants to form a basis of knowledge for why companies implement ERP systems in the first place, followed by a quantitative descriptive study of the implementation success factors and post implementation analysis, by means of a survey of South African companies. The outcome of the research shows that ERP in South Africa has matured to a level where the majority of projects are judged by the key decision makers to be successful, in contrast to expectations created by the literature review performed. It also highlights that, in the capital budgeting decision making processes followed by companies of different sizes, qualitative factors play a slightly bigger role than quantitative factors in the motivation of an ERP implementation. In addition, this research concludes that companies who identify a clear business value goal with the proposed ERP implementation, ensures buy-in from top management, perform proper planning before embarking on the project, as well as follow some kind of rigorous measurement framework, experience higher levels of ERP success than those who do not. CopyrightDissertation (MBA)--University of Pretoria, 2011.
Gordon Institute of Business Science (GIBS)
unrestricted
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Dubois, Janie. "Determination of peroxide value and anisidine value using Fourier transform infrared spectroscopy." Thesis, McGill University, 1995. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=23391.
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Lipid oxidation has important consequences in the edible oil industry, producing compounds with sensory impact and thus reducing the economic value of the products. This work focused on the development of two Fourier transform infrared (FTIR) spectroscopy methods for the measurement of peroxide value (PV) and anisidine value (AV), representing the primary and secondary oxidation products of edible oils.The infrared method developed for PV determination was based on a mathematical treatment by the partial least squares method of the information contained in the spectral region between 3750 and 3150 cm$ sp{-1}$.
The second method developed considered aldehyde content and anisidine value, a measure of secondary oxidation products.
The two methods developed are rapid ($ sim$2 min/sample) and have the advantage of being automatable. An infrared system coupled to a computer can collect the spectrum of an oil, analyze it and present a report without the need for personnel trained in FTIR spectroscopy. The cost of such a system would rapidly be absorbed through savings on personnel cost, time and chemical reagents required for conventional chemical methods and as such provides a useful advance in quality control methodology for the edible oils sector. (Abstract shortened by UMI.)
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Černý, Matěj. "Value estimation of the company Metrostav a.s." Master's thesis, Vysoká škola ekonomická v Praze, 2009. http://www.nusl.cz/ntk/nusl-16627.
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The aim of the diploma thesis is to determine the market value of the company Metrostav a.s. to the date 1.1.2009. Final market value represents the potential market price for which the owners could sell this company to the date of evaluation. The diploma thesis starts with brief introduction of the company. Afterwards strategic analysis follows which is focused on analysis of profit potential and its result is the prediction of sales in the near future. In financial analysis are examined the financial conditions of the company on the basis of absolute, ratio and global indicators. Financial plan is based on the prediction of sales, which was estimated within strategic analysis. The company is evaluated using two-phase discounted cash flow method in the version of FCFF. The diploma thesis is ended by risk analysis of assessment value of company by using software program Crystal Ball.
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Knuutinen, Jyrki Kalevi. "The equal value of shares in company law." Thesis, University College London (University of London), 2006. http://discovery.ucl.ac.uk/1444760/.
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This thesis is about the value of shares. The focus is on analysing the norms of company law governing shares, shareholders' rights, and share value. A central point is that according to company law the value of shares is merely a matter of fact and opinion. In brief, shareholders decide about their shares thus, share value is more a question of markets than of law. On the other hand, law has a role in setting the value for shares. The law determines which opinion should prevail if there is disagreement about valuation furthermore, company law sets restrictions on shareholders' power. The equality of shares is one of the general principles of company law. Overall, when shares in a company have similar rights, these shares rank equally. This study emphasizes equality its aim is to clarify what the equality of shares means in company law. My conclusion is that English company law supports the equality of shares although that cannot be an absolute principle of law. Several commentators regard Short v Treasury Commissioners as a ruling stating that majority shares are more valuable than minority shares. This study explains case law differently. I consider that fair share value is generally determined on a pro rata basis, which view is expressed, for example, in O'Neill v Phillips. In sum, I propose that the governing idea is the equal value of shares. Yet, as share value is mainly beyond the scope of company law, this equality prevails only when the value is determined by the power of law.
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Assiri, Batool K. "The simultaneous determination of corporate investment and shareholder value." Thesis, University of Manchester, 1993. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.633688.
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This study is concerned to examine the connection between signals in stock market prices and investment announcements. The intention was to establish the degree to which investment response was fully (efficiently) discounted into share prices and whether the stock market signals actually resulted in real resource consequences. This study investigated the following three questions: 1. Do companies translate high stock returns into increased investment expenditure either with or without increased access to external funds? If the answer is affirmative, then what are the time lags involved? 2. Additionally, does investment expenditure, presumably on the basis of forward looking, in response to future opportunities, influence subsequent stock market returns? In other words, are stock market returns a function of prior investment expenditure? If yes, then how long does it require to be effective? 3. Are there any significant differences across and within sectors? The existence of these relationships was examined in terms of 640 UK public companies over the period 1979-1988. Using cross section time series data, regression analysis shows that prior abnormal returns have a significant positive influence on subsequent investment expenditure. In simple regression, there is also a strong positive link between investment and abnormal returns but within a simultaneous specification the result is a small but positive feedback of investment into abnormal returns. This supports a conclusion that allocation of more resources to investment is an anticipated consequence when abnormal returns arise and secondly that there is, even then, a small positive impact when the anticipated investment occurs. As a result, the market efficiency was confirmed with 2-3% inefficiency, and the idea of market effectiveness was also confirmed. In answering the third question, a variety of issues arose. First, in terms of investment response to abnormal returns, it was observed that there are differences in the behaviour of managers and investors given the different status of firms, size, type and period of projects. Managers are more attentive to the signals from the market during the growth stage and react negatively when the firm is in a decline stage. The reaction of investors, on the other hand, is strongly negative when they anticipate that firms are in a decline stage and positive when they anticipate that firms are in a growth stage. The weaker response of investors to long-term projects compared to short-term ones supported the idea of short-termism. On the other hand, managers were found to react more strongly to abnormal returns in sectors characterized by long-term projects.
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Fedina, Ludmila. "The present value model of the exchange rate determination." The Ohio State University, 1999. http://rave.ohiolink.edu/etdc/view?acc_num=osu1272985454.
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Thabethe, Makhosazana. "Stakeholder engagement : the implementation and determination of value creation." Diss., University of Pretoria, 2017. http://hdl.handle.net/2263/59783.
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The title of this research paper is Stakeholder engagement - the implementation and determination of value. This research aims to establish the level of understanding of the implementation of stakeholder engagement among senior managers in organisations. The study further assesses the value that is created from stakeholder engagement with a particular emphasis on the co-creation of value between stakeholders and organisations. Then finally the study looks at how this value is apportioned or distributed. A critical sustainability and survival mechanism for any modern day organisation is effective and rigorous stakeholder engagement, particularly given the stakeholder rich environment in which organisations operate, characterised by the competing interests of the extended stakeholders (Loi, 2016).
The study employed a qualitative research design in meeting the aims. The subject of the research was large organisations, which included ten state owned entities and South Africa's largest energy and chemical company. Semi structured in-depth interviews were held with respondents from the eleven organisations who are senior managers within their organisations and are experts in stakeholder engagement. The interviews were recorded, transcribed and the results analysed using Atlas Ti.
The results of this exploratory study reveal that managers have a firm grasp and knowledge of the understanding and identification of their various stakeholder groups, however shows that the implementation of stakeholder engagement within organisation is still in a progressive state and not at the ideal maturity level of dialogue and information sharing as recommended by literature. Furthermore, literature has highlighted that the concept of value creation and distribution has not been sufficiently explored and that there is an information gap in the field of value creation and value allocation (Harrison and Wicks, 2013; Garriga, 2014; Govender & Abratt, 2016). Likewise the organisations interviewed demonstrated limited knowledge in understanding the value created from stakeholder engagement and in particular the issue of value apportionment.Mini Dissertation (MBA)--University of Pretoria, 2017.
sn2017
Gordon Institute of Business Science (GIBS)
MBA
Unrestricted
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Nováková, Jana. "Using CSR to increase the value of the company." Master's thesis, Vysoká škola ekonomická v Praze, 2015. http://www.nusl.cz/ntk/nusl-262335.
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The goal of the thesis is to find if and how active corporate social responsibility can increase the value of company together with identification of the most impactful activities in this regard. For this purpose, the thesis is structured into three parts. The first part provides overview of theoretical approaches to the company value with specific focus on Corporate Social Responsibility, sustainability and communication. In the second part, initiatives in the area of sustainability in a case company are reviewed. For this purpose, a leader and innovator in the area of CSR has been selected with variety of best practices that have been mapped. Based on the conducted research, the third part summarizes recommendations from both theory, as well as practice on those activities that should be considered by other companies for incorporation.
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Jiang, Xin. "Risk Analysis of Wind Energy Company Stocks." Thesis, Linnéuniversitetet, Institutionen för matematik (MA), 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-98039.
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In this thesis, probability theory and risk analysis are used to determine the riskof wind energy stocks. Three stocks of wind energy companies and three stocksof technology companies are gathered and risks are compared. Three difffferent riskmeasures: variance, value at risk, and conditional value at risk are used in this thesis.Conclusions which has been drawn, are that wind energy company stock risks arenot signifificantly lower than the stocks of other companies. Furthermore, optimalportfolios should include short positions of one or two of the energy companies forthe studied time period and under the difffferent risk measures.
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Insulan, Michael. "Delivering shareholder value: A case study of an Oil Company." Thesis, University of Manchester, 2006. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.492742.
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This thesis analyses the impact of demands for shareholder value on a downstream distribution business which is part of one of the world's largest integrated oil mpanies (lOCs). The pressure for shareholder value during the past three decades is ittributed to the growth in equity savings in institutional fiinds managed by professional managers. Whereas the impact on top management remuneration and implications for corporate governance have been widely debated, the effect of shareholder value on individual business units inside giant corporations is relatively unclear and under researched.
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Jones, Edward Anthony Eton. "Company investment decisions and the market value of the firm." Thesis, Heriot-Watt University, 2002. http://hdl.handle.net/10399/1179.
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Marshall, Patrick M. "Least squares solutions in statistical orbit determination using singular value decomposition." Thesis, Monterey, Calif. : Springfield, Va. : Naval Postgraduate School ; Available from National Technical Information Service, 1999. http://handle.dtic.mil/100.2/ADA368336.
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Thesis (M.S. in Applied Physics) Naval Postgraduate School, June 1999."June 1999". Thesis advisor(s): D.A. Danielson, David Canright. Includes bibliographical references (p. 49). Also available online.
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Eisele, Ulrich. "The value of kinetic studies of the determination of sintering mechanisms." Thesis, University of Leeds, 1989. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.328580.
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Junior, Marcos Matos Brito de Albuquerque. "Value creation: merger and consolidation in a company Consulting engineering. A case study with the Company Arcadis." Universidade Federal do CearÃ, 2014. http://www.teses.ufc.br/tde_busca/arquivo.php?codArquivo=12907.
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nÃo hÃO objeto dessa dissertaÃÃo à analisar a influÃncia da receita lÃquida, patrimÃnio lÃquido total e dÃvidas de longo prazo sobre a rentabilidade do valor das aÃÃes da ARCADIS, atravÃs da aplicaÃÃo de mÃtodos de sÃries de tempo, tais como, teste de raiz unitÃria, teste de cointegraÃÃo de Johansen, o modelo autorregressivo vetorial (VAR), vetor de correÃÃo de erros (VEC), funÃÃo impulso-resposta e decomposiÃÃo da variÃncia dos erros de previsÃo. A base de dados à quadrimestral no perÃodo de janeiro de 2000 a dezembro de 2012. De acordo com o teste de cointegraÃÃo de Johansen, os resultados indicam que as sÃries que apresentam raiz unitÃria sÃo todas integradas de ordem um em nÃvel e mostram uma relaÃÃo de longo prazo entre elas. Os coeficientes obtidos no modelo estimado se apresentaram de acordo com a literatura. Pode-se observar tambÃm que os testes demonstraram uma forte influÃncia da receita lÃquida sobre o valor da aÃÃo quando comparados com as outras variÃveis. A partir das avaliaÃÃes realizadas neste estudo, pode-se afirmar que as variÃveis sÃo relevantes para explicar as variaÃÃes ocorridas no decorrer do tempo, na variÃvel dependente valor da aÃÃo na bolsa de valores. O referido trabalho apresenta uma anÃlise da evoluÃÃo das empresas de engenharia consultiva e o crescente grau de internacionalizaÃÃo. Destaca-se a relevÃncia do estudo de comparaÃÃo com o propÃsito de entender o crescimento da empresa ARCADIS no segmento de engenharia consultiva e gerenciamento de projetos, alÃm de analisar como se ampliou sua competitividade no mercado.
The object of this dissertation is to analyze the influence of net revenue, total shareholders' equity and long-term debt on the profitability of the value of the shares of ARCADIS, by applying methods of time series, such as unit root test, test Johansen cointegration, the vector autoregression model (VAR), vector error correction (VEC), impulse response and variance decomposition of forecast errors function. The database is quarterly from January 2000 to December 2012 According to the Johansen cointegration test, the results indicate that the series that have unit roots are all integrated of order one in level and show a relationship term between them. The coefficients in the estimated model is presented according to the literature; can also observe that the tests demonstrated a strong influence of net revenue on the share value when compared with the other variables. From the evaluations performed in this study, it can be stated that the variables are relevant to explain the variations over time in the dependent variable value of the share on the stock exchange. That paper presents an analysis of the evolution of consulting engineering companies and the increasing degree of internationalization. Highlights the relevance of the study compared with the purpose of understanding the growth of the company ARCADIS in consulting engineering and project management segment. And since expanded its market competitiveness.
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Lange, Sandra, Karsten Seibert, and Boÿs Jacques du. "The use of Target Costing and Value Engineering at ALSTOM Company." Thesis, Linnaeus University, Linnaeus School of Business and Economics, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-6498.
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Abstract
Title: The use of Target Costing and Value Engineering at ALSTOM Company
Due date: May 29, 2010
Course: 2FE08E, Bachelor Thesis, 15 Credits
Authors: Sandra Lange, Jacques du Boÿs, Karsten Seibert
Advisor: Paul Scarbrough
Examiner: Jan Alpenberg
Key terms: Value engineering; Target costing; Benchmarking;
Product development process; Stage-Gate System
Purpose: The purpose of this thesis is to identify the use of value engineering and target costing at ALSTOM and to compare it to the current theory.
Method: The thesis is built on the case study approach. The empirical data is gathered in semi-structured interviews of ALSTOM employees. To analyse the data, the qualitative method is chosen.
Conclusion: The conclusion of this thesis is that ALSTOM is using a lot of target costing and value engineering tools. The use of these tools differ from department to department, even they have a standardize Stage-Gate process for the product development.
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Staritz, Matthias. "Creating superior customer value and reaping its benefits for the company /." Mannheim, 2008. http://www.gbv.de/dms/zbw/57034445X.pdf.
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Mason, Katy J. "Market orientation and vertical de-integration : creating customer and company value." Thesis, University of Warwick, 2002. http://wrap.warwick.ac.uk/1300/.
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This thesis explores the relationship between a firm's supply chain and a firm's degree of market orientation and economic performance. The results suggest that certain types of supply chain design - in particular those models that make for close links with the firm's customers - lead to superior marketing and shareholder value. Two sets of environmental forces have been particularly influential in reshaping supply chains over recent years. One is the enormous growth in production capacity, especially in the Far East, which has lead to more industries operating with excess capacity. Production skills and resources were once seen as at the heart of a firm's core capabilities and the source of its competitive advantage. Today, in more and more sectors, the key skill is marketing - creating customer preference in oversupplied markets through branding and customer relationship management. Downstream activities in the supply chain have risen in prominence compared to upstream activities. The second change has been the information revolution brought about by the computer and the Internet. This has lowered the transaction costs of integrating the activities performed by the different businesses constituting a supply chain and made it increasingly attractive to achieve control without ownership. Supply chains can now become networks integrated through seamless in formation exchanges We explore these changes at the microeconomic level. The research draws upon the existing literature and on primary data including exploratory interviews, main-study in-depth interviews and survey data. Matched pair samples of 20 high performance and 20 low performance business units based in the UK provided the main body of data results. Data analysis involved four distinct phases; within case analysis and cross case analysis for the qualitative data collected; exploratory factor analysis (EFA) to identify dimensions of influence as a method of integration; discriminant analysis and Lambda to investigate the association between supply chain configuration typologies, market orientation and business performance. Two major contributions stem from this research. First, the interdisciplinary domain for supply chain configuration can be established. Whereas traditionally competitive advantage has been built through a focus on operations efficiency - streamlining processes to reduce cost, today increased communications, global markets and the speed at which Internet technologies are developing, demand and facilitate an additional perspective for supply chain management - the effectiveness perspective. The concept of effectiveness brings the subject of supply chain management from the sphere of operations management into the domain of marketing strategy. From this perspective the building, maintenance and management of customer relationships becomes central to the supply chain configuration. Highly efficient production processes, where fiercely protected technical know-how enables the delivery of superior quality products, no longer acts as a sustainable source of competitive advantage. To achieve this, firms must focus on two principle activities: building brand value and carefully fostering relationships with key customers. For firms positioned upstream in the supply chain, building a strong brand identity offers potentially a means to integrate downstream with both customers and consumers. The second contribution comes from the association of supply chain configuration with other variables. Our results show a relationship between market orientation, business performance and supply chain configuration. We conclude that companies are beginning to recognise opportunities that arise from using technology and information to blur traditional boundaries between suppliers, manufacturers and end users. We discuss how technology enables co-ordination across company boundaries to achieve new levels of efficiency and effectiveness, as well as extraordinary returns to investors. For example, a company, its suppliers, and even its customers might begin to share information and activities to speed the design of a product and raise the likelihood of its success in the marketplace. This should enable suppliers to begin developing components before the overall product design is complete, providing vital timely feedback regarding component specification, cost and time objectives. Equally, customers are able to review a product as it evolves and provide input on how it meets their needs. Managers must concern themselves with the design stages of the product and facilitate knowledge and information flows through the entire supply chain. Business seems to be on the threshold of a new era of inter-firm relationships. Supply chain customers sharing the same suppliers are able to provide leadership, encouraging shared distribution systems and payment/ordering systems. Over capacity in firms forces such considerations. Collaborative approaches can drive down costs and ultimately offer improved services for consumers, making available the goods they want, where and when they want them. But this configuration of an interconnected, interdependent supply network requires much more openness. Interfirm boundaries must become almost invisible. Trust, commitment, open communication and information sharing must permeate the culture of partnering firms. The sharing of real time customer information both within and between firms facilitates the reduction of inventory and increases speed to market, reducing risk and increasing cost savings. Customer information provides a sound basis for segmenting markets, allowing the understanding of customer needs to develop in a deeper way. This customer closeness gives access to information critical in aiding accurate forecasting which is central to the elimination of unnecessary costs and enabling firms to dramatically extend the value they deliver to customers thus creating competitive advantage. Shrinking the time and the resources it takes to meet customers' needs in a world where those needs are constantly changing is the challenge. As Wayne Gretzky, the famous hockey player explained, "the key to winning is getting first to where the puck is going next". The same could be said about succeeding in business. Listening to customers and then using and sharing this most valuable information resource throughout the supply chain will be the key.
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King, Cecilia. "Assessing company strength in South Africa using value added : 1990 - 2000." Thesis, Stellenbosch : Stellenbosch University, 2003. http://hdl.handle.net/10019.1/53296.
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Thesis (MBA)--Stellenbosch University, 2003.ENGLISH ABSTRACT: The publication of the Value Added Statement should be seen as an attempt to introduce financial results to all the stakeholders of an organisation that aided in its wealth creation process. However, the current practice to present Value Added Statements in a variety of ways is not conducive to financial analysis and users of the information find it difficult to compare company results. The information on the Value Added Statement provides useful knowledge of the contribution of employees and fixed assets, the relative relationship of dependency and control between the organisation and its suppliers and the long-term requirements of the organisation to meet market demands. This study project aims to determine if value added-based ratio analysis could be used to measure company strength and be useful as a tool in corporate strategy formulation. The areas of investigation included productivity of production factors, reinvestment in capital and overall business control. The measures used to determine productivity also provided insight into the capital and labour intensity of companies and sectors. The model that was developed in this section indicates how companies differ in terms of their intensity and how productive their production factors are. It was found that although some companies were able to exert high value added to sales ratios, they did not perform as well when their productivity levels were measured. This is an indication that an imbalance exists between the current production factor proportions and management should try to find the optimal solution for increased productivity. The search for the optimal point between labour and fixed assets could convince management to reduce employee numbers or fixed assets to increase their productivity ratios. This is not a favoured approach as companies are dependent on their production factors for continuous growth and prosperity. The aim is to determine if companies have the means to invest in their production factors to increase their levels of productivity. Reinvestment in capital refers to fixed assets, as well as investment in training and development of current employee skills. The investigation revealed that many companies have the ability to reinvest, while others appear to be in a less favourable position. The last section was an attempt to measure the overall business control of companies when their margins on sales and value added were compared. These ratios provided insight into the ability of companies to add value through their own production skills or by command of lucrative contracts with suppliers. Those companies that are able to show high values on both ratios are said to display a high degree of overall business control. In conclusion it was found that value added-based ratio analysis could be used to identify problem areas in corporate strategy. Management's reaction to those areas and their continuous drive to improve value creation in the organisation would eventually lead to increased national wealth creation.
AFRIKAANSE OPSOMMING: Die publikasie van die Staat van Toegevoegde Waarde moet gesien word as 'n poging om finansiële resultate aan alle belanghebbendes van 'n organisasie, wat bygedra het tot die proses van welvaartskepping, aan te bied. Die huidige praktyk om die Staat van Toegevoegde Waarde op verskeie maniere aan te bied is egter nie bevorderlik vir finansiële analise nie en gebruikers van die inligting vind dit moeilik om maatskappy resultate te vergelyk. Die inligting op die Staat van Toegevoegde Waarde verskaf waardevolle kennis oor die bydrae van werknemers en vaste bates, die relatiewe verhouding van afhanklikheid en beheer tussen die organisasie en sy verskaffers en die langtermyn behoeftes van die organisasie om aan markverwagtinge te voldoen. Hierdie studieprojek poog om vas te stel of toegevoegde waarde gebaseerde verhoudingsanalise gebruik kan word om maatskappyvermoë te bepaal en of dit 'n nuttige instrument in korporatiewe strategieformulering kan wees. Die areas van ondersoek het die produktiwiteit van produksiefaktore, herinvestering in kapitaal en algehele besigheidsbeheer ingesluit. Die maatstawwe wat gebruik is om produktiwiteit te bepaal het ook insig gegee oor die kapitaal- en arbeidsintensiteit van maatskappye en sektore. Die model wat ontwikkel is in hierdie afdeling wys hoe maatskappye verskil in terme van hul intensiteit en hoe produktief hul produksiefaktore is. Dit is gevind dat, alhoewel sommige maatskappye in staat was om hoë waardes vir die toegevoegde waarde tot verkope verhouding te openbaar, hulle nie so goed gevaar het toe hul produksie vlakke gemeet is nie. Dit is 'n aanduiding dat 'n wanbalans bestaan tussen die huidige produksiefaktor verhouding en bestuur moet probeer om 'n optimale oplossing te vind vir verhoogde produktiwiteit. Die soeke na die optimale punt tussen arbeid en vaste bates kan bestuur oortuig om werknemer getalle of vaste bates te verminder ten einde hul produktiwiteitsverhouding te verbeter. Dit is nie die aangewese benadering nie aangesien maatskappye afhanklik is van hul produksiefaktore vir volgehoue groei en welvaart. Die doel is om te bepaal of maatskappye die middele het om te investeer in hul produksiefaktore ten einde hul vlakke van produksie te verhoog. Herinvestering in kapitaal verwys na vaste bates, sowel as investering in opleiding en ontwikkeling van bestaande werknemer vaardighede. Die ondersoek het openbaar dat baie maatskappye wel oor die vermoë beskik om te herinvesteer, terwyl ander blyk om in 'n minder gunstige posisie te wees. Die laaste afdeling was 'n poging om die algehele besigheidsbeheer van maatskappye te bepaal wanneer die marge op verkope en toegevoegde waarde vergelyk word. Hierdie verhoudings bied insig oor die vermoë van maatskappye om waarde toe te voeg deur hul eie produksievaardighede of deur middel van winsgewende kontrakte met hul verskaffers. Maatskappye wat in staat is om hoë waardes vir beide verhoudingsgetalle te openbaar word beskou as maatskappye met 'n hoë algehele besigheidsbeheer.
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Powles, Jayne. "Determination and prediction of the dietary energy value of fats for pigs." Thesis, University of Nottingham, 1992. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.321458.
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Charoenrungsiri, Rungnapa, and Narana Charoenrungsiree. "Building a niche company in recruitment industry, a case study of Swedish company Multimind AB." Thesis, Mälardalen University, School of Sustainable Development of Society and Technology, 2009. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-6085.
Full textAbstract:
In this thesis, we aim to find out ways that Multimind’s create customer focused value and sustain the value in the recruitment industry and their customer relationship management in the niche market. Our purpose is also to study their strategy, policies and their organizational culture especially in customer focused value and relationship management in this service business. In this thesis we will study only on their strategy toward this niche market. Therefore, the scope of study will cover its business’s history on company’s objective, operation process, organization’s culture, company’s policy and strategy in market learning and innovation. We use qualitative method by conducting the interview with the informant. We use both primary and secondary data for collecting the data. In our primary data, judgment sampling method is being applied in selecting the interviewee. For Secondary data; we have searched the information from the company’s website, academic journals from university library.
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Pienaar, Adrian Cecil Semino. "Value-based management : an assessment of the application in a mining company / Adrian Pienaar." Thesis, North-West University, 2008. http://hdl.handle.net/10394/4012.
Full textAbstract:
If a programme which intends to measure performance is to work successfully
in an organisation, it is necessary to understand the contingent factors that
need to be in place regardless of philosophical beliefs. It must be integrated
with the overall strategy of the business; all approaches to performance
measurement emphasise the alignment of objectives, measures, strategic
decision making and rewards. This is crucial, as it is not possible to measure
performance unless it is clear what an organisation is trying to achieve.
Value-based management (VBM) is a powerful management framework with
the aim to focus all managerial processes on shareholder wealth creation. It
therefore encourages all staff levels within the organisation to focus on value
creation. Various metrics have been developed to measure the value creation
process within the organisation. The application of VBM principles at the lower
levels within the organisation is critical to ensure that lower level staff applies
value-creating principles in their daily jobs. Anglo Platinum has also adopted
VBM, which will help the organisation to enhance decision-making and ensure
pursuing strategies that maximise value. Anglo VBM is a management system
which will enable the company to significantly improve the quality and speed of
decision-making and to drive performance and profitable growth. It requires a
detailed understanding of where and why value is created or consumed within
the businesses through assembling a comprehensive fact base.
A quantitative study was done to collect primary data through the use of
standardised questionnaires that were distributed to respondents at Bleskop
and Brakspruit shafts as well all the accountants at Rustenburg Platinum Mine,
which forms part of Anglo Platinum. The results from this study indicate that
there is a low understanding of VBM as well as a strong focus on business unit
objectives and on short-term goals. A key recommendation would be to use
incentive mechanisms to be aligned to VBM.Thesis (M.B.A.)--North-West University, Potchefstroom Campus, 2009.
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Biľo, Šimon. "Austrians and the Mainstream: The Stories of Exchange Rate Determination." Master's thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-3511.
Full textAbstract:
The scope of the present thesis is four-fold. First, to clarify and explain the means-ends framework and step-by-step analysis of the Austrian school. Second, to apply this framework to the Austrian theory of exchange rates. Third, to link the framework with most of the existing Austrian research related with the exchange rate theory and discuss this research. And fourth, to confront the Austrian economics with two mainstream approaches - Dornbusch?s overshooting model and short-run portfolio balance model. Message springing from this confrontation is twofold. First, the fundamental differences between present-day mainstream methods are envisaged. And second, the fact of possibility of mutual enrichment of both approaches from each other despite of completely different methodological backgrounds is suggested.
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CHAUDHRY, SAQIB MEHMOOD, and Dinesh Chandrasekar. "Value of Innovation in a company : a case of Bajaj Auto Ltd." Thesis, Högskolan i Gävle, Akademin för teknik och miljö, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-8040.
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An Innovative company can apply new thinking faster than its competitors or surprise its customers by offering products that makes the customers first realize its need and then consume it. There are substantial evidence stating the positive impact of innovation in the automotive industry; however, corresponding research is lacking on the two-wheeler industry which is growing at a healthy pace. The main purpose of this thesis is to explore the role of innovation in a two-wheeler company and to analyse its influence in the growth of such companies. Two research questions are addressed: What role does innovation play in the firms' product portfolio management? Does innovation lead to increased sales and market share for a company? The thesis is based on a case study of Bajaj Auto Ltd (BAL). Starting with a focus on the theme and motives involved in marketing of its products, the study revolves around the trends of innovation in the core business and its contribution to BAL’s success. Central to this report is the innovative ways employed by BAL to maintain a balanced portfolio followed by the comparison of the BAL’s sales growth with the Indian two-wheeler industry over the years and also the increase in market share of BAL in the same period. The descriptive part of “Bajaj Auto Ltd” is based on interviews via e-mail with management staffs and employees plus revenue data of the company. In addition the analysis builds upon secondary data from various sources of references like, journals, news paper reports, internet and articles. The results from the case company have been used together with a theoretical framework to explain the empirical patterns. From just taking a cue from the market trend to fine tuning a product’s operational efficiency, Bajaj Auto was not only able to sustain in the market but is able to compete with the leader in the two-wheeler segment in India. The world had a lot of offer and Bajaj gladly grabbed the opportunity by precisely managing innovation in all its business activities. Being intuitive and proactive in understanding the changing needs of the market has made this possible for BAL. Conclusively, the findings suggest that Innovation is proving to be a critical entity in a business firm and managing it effectively certainly favours the company in leaping ahead in times of competition.
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Wang, Xinghui, and Bingcheng Yan. "The customer value delivery of online marketplace : Case study of Taobao company." Thesis, Högskolan i Gävle, Avdelningen för Industriell utveckling, IT och Samhällsbyggnad, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-15068.
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Amstrup-Jensen, Peter. "Kapitalfonde som værdiskabende virksomhedsejere = Private Equity Funds as Value Creating Company Owners /." Aarhus : Institut for Økonomi, Aarhus Universitet, 2008. http://mit.econ.au.dk/Library/Specialer/2008/20020489.pdf.
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Gupta, Anupam Kumar. "Value Stream Mapping and Improved Cell Layout in an Oilfield Services company." Thesis, Massachusetts Institute of Technology, 2009. http://hdl.handle.net/1721.1/55217.
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Thesis (M. Eng.)--Massachusetts Institute of Technology, Dept. of Mechanical Engineering, 2009.Cataloged from PDF version of thesis.
Includes bibliographical references (p. 61).
This research explores potential improvements in efficiency through improved cell layout and value stream mapping. Analysis of cell layout led to significant reductions in material handling and operator movement along with reduction in cell area thereby improving overall productivity. Value stream mapping of protector assembly, one of the company's products, identified hidden inefficiencies in the value stream. A future state map using lean principles was also prepared. The major improvement areas concerned process improvement and lead time & Work-In-Process (WIP) reductions. This research also provides a detailed framework to deal with inventory inaccuracy existing in the system. Three inventory inaccuracy compensation methods were introduced and their performance was evaluated and compared using a simulation study.
by Anupam Kumar Gupta.
M.Eng.
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JHU, SIH-HUEI, and 朱思蕙. "High Revitalized Recycling Silver Company Value." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/q687cv.
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碩士南華大學
企業管理學系非營利事業管理碩士班
106
In order to let the public begin to make changes to the old age, in order to let consumers understand the value of the elderly, let the old age live in the present without self-worth due to age.This study aims at re-employment of elderly people and explores the social value of silver for the re-employment of senior citizens. Older employees are truly dignified and valuable. Older people are no longer alone and can generate self-confidence and sense of achievement from the surrounding social interaction. There are three main conclusions in this study: 1. As long as the physical function is still acceptable and the job is not dismissed, the elderly still hope to continue working and hold the thought of working together to continue operations and bring good communication to the society and the family.2. When employees come to a senior age, their safety and reassurance are the dual demands of the employment of senior citizens. Equivalent to the function of physical and mental degradation, trying to solve or using alternative solutions, the elderly will have a lifetime experience in producing expertise.3. The elderly people can provide services to others while providing their own strength. The resulting sense of joy and achievement and sense of identity are the construction of a meaning of life.The results of the study gave relevant advice to the government, enterprises, the general public, the elderly and their families.
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Li, Lin Chia, and 林家立. "Determination of Bid Price considering Project Value." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/85526539232799466586.
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碩士國立交通大學
土木工程系所
93
Evaluation of bid price is important since it is related to that whether or not the company gets projects as well as benefits from them. Several issues that a company will face when making bid decisions are: (1) The value of the project, (2) The chance of getting the project, (3) How the companies deciding the bid price. This study focuses on the on the factors of bid decision of general companies and presents the Effects on Bid Value by two methods: Expecting Preference Value (EPV) and Chance of Getting Project Curve (CGPC). The Subjection Bidding Price (SBP) is calculated by the proposed method that integrates the CGPC and Cost Accumulation Curve (CAC) in balance situation. CAC is generated by Discount Cash Flow (DCF) method. In this study, companies are primarily divided into three groups depending on their risking preference: Risk Averse, Risk Neutral and Risk Loving. EPV is determined by Analytic Hierarchy Process (AHP) and Fuzzy Integral Method (FIM) according to which the company being concerned belongs. The propose method was explained in detail by introduction of a mechanical and electrical construction in Hsin-Chu. The result shows that the bid price calculated by proposed method is closer to the real price adapted by the companies as well as that bid price depends on economic factors.
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Yang, Tzu-Sheng, and 楊子陞. "Initial Diversification, Tax Haven and Company Value." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/765vas.
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碩士國立中央大學
會計研究所
103
This study, the evaluation for company value from the company Initial International diversification strategy investors give , use Ohlson (1995) basis of accounting evaluation model, proposed as the main empirical regression model analysis. District branch of the initial International diversification of investment areas, investment region classified into "tax haven" and "non-tax haven" to explore the effects of different of the company value. Finally, we explore, when the company will invest tax haven seen as to other countries (eg: China, US, etc.) springboard, investors will be what kind of reaction to this policy. The empirical results indicated that when the company Initial International diversification, the company value will discount and significant. When the company Initial International diversification investment tax haven, investors give the company the more negative reaction, company value will discount too; When the company Initial International diversification investment non-tax haven, investors give the company the more positive reaction, thus making the company value will premium. The company will invest tax haven seen as springboard to get a better evaluation.
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Lu, Ming-Chin, and 呂明錦. "Corporate Value of a Bicycle OEM Company." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/00862605932507426496.
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碩士國立中興大學
高階經理人碩士在職專班
100
Taiwan, as a kingdom of bicycle well-known around the world, has developed this industry more than 50 years. Taiwan not only build famous bicycle brands such as Giant and Merida, but also build a complete and strong supply chain. The key player of the chain is OEM that’s the target of this study. Traditionally, we usually think the company can raise their corporate value through R&D and developing brands. The manufacturer always stays in the low end of the value chain. But recently a world famous 3C OEM company TSMC had announced that their corporate value is more than 10 billion US dollars. The brand value ranking is within world top ten. It seems the OEM can create its value and have its own importance for the whole industry. So that’s why let me want to analysis where the bicycle OEM value is. In this study, we use the value reporting framework of PricewaterhouseCoopers and the Resource-Based View from Wernerfelt to analysis and summarize the corporate value of bicycle OEM whose export volume was around 40% of the bicycle industry. The first result, we use four scopes of value reporting which is market overview, strategy, value creating activities and financial performance to summarize and analysis risk and opportunity and strong and weakness. The second, we use RBV to collect 18 items of resource based. Then to identify how much the degree of OEM, brand holder and retailer is. Through the two ways, we summarize the result by SWOT method. And according SWOT result, we develop the USED for the study. We hope the study results can help the target company to make better strategies and improve its value. And if it is possible, we hope the results can let OEM in other industry can have any inspiration.
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Liu, Shune-Fu, and 劉順福. "Relationship Value Creation between Pharmaceutical Company and Hospital:The Perspectives of a Pharmaceutical Company." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/56920973656976017023.
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碩士國立雲林科技大學
商管專業學院
97
The main focus of Business to Business (B to B) is to create economic value. Originally, it is a simple commercial interaction, with emphasis on generating deals but not establishing relationships. However, to adapt the changing market, it not only has to meet the economic needs, but also has to create and maintain the relationship, as the relationship will further create value. Particularly in markets facing fierce competitions, if a supplier can establish good relationship with its customers, it can reach a win-win situation by creating edges for the customer and itself, in addition to differentiation from the competitors. We studied the relationships between research-based pharmaceutical manufacturers and hospitals by implementing grounded theory. In summary, the "“relationships “ are significantly influenced by the established interactions. Hospitals obtain relationship benefits for their “ physicians to publish papers” , “gain research reputation” , “increase research capability” , and “improve medical skills” . For the manufacturers, “favorable concepts of treatment to other hospitals” , “favorable treating strategies to other physicians” , “ better margins are maintained” , and “opportunities for new drug listing “.
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Tien, Li-Wen, and 田麗雯. "The Application of Value Reporting at Internet Company." Thesis, 2002. http://ndltd.ncl.edu.tw/handle/15568841869983012239.
Full textAbstract:
碩士國立臺灣大學
會計學研究所
90
We have recognized the traditional report systems cannot evaluate the real value of a business, especially for those companies, which are successful by their knowledge assets such as Brand, Customer Relationship, Channel, Supply Chain, Employees and etc. This thesis attampts to study and apply the new reporting system called “Value Reporting” (developed by PriceWaterCoopers) to Internet companies. The research also tries to find out the “Value Drivers” of the Internet Companies through case studies and questionnaire investigation. Through iVillage case and comparisons of American Internet companies and Taiwanese ones, we could understand what the insufficient disclosures Taiwanese’ are. There is much room for improvement. We understand the more the enterprise communicates with the stakeholders the fewer gaps exist. The value will be sufficiently evaluated through transparent communication systems. Based on the questionnaire investigation, we learn the priorities of Value Drivers of Internet companies are as follows, 1. Market Overview: (1) The Internet industry market trends (2) Market share (3) Market growth 2. Value Strategy: (1) Value Metric for shareholders (2) Operation Goals (3) Vision, Goals, Strategy reports 3. Managing for Value: (1) Capital disbusement reports (2) Financial performance (3) Risk Management 4. Value Platform: (1) Repeat visitors Rate (2) Average Customer Revenue (3) Effective Member (4) Average Customer Cost (5) Average Pageview Revenue (6) Average Visitors Duration
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Liao, Li-Shu, and 廖麗淑. "The Effects of Branding Strategy on Company Value." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/96260379547773305680.
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碩士輔仁大學
金融研究所
95
Abstract Brands are the most important and valuable assets in a company. Good brand Image can bring a lot of profits for the company. Consumers can understand and acknowledge the brand value that a company tries to convey though the product creativity. This study takes companies such as ACER, ASUS, BEN-Q, D-Link and GIANT for example. Those companies started to focus on their own brands form OEM position and see how the Brand Strategy affects the company’s value by means of event study and profit analysis. We hope the result we found can make good suggestion on the development of brand strategy in the future. This study shows： 1.Event study：the results show that there has been little difference for Abnormal Returns and Cumulative Average Abnormal Returns for the first three years after they have their own brands. It means that the investors did not value the brand highly through the stock price. 2.Profit analysis：the results of the sampled companies show that the profit grows apparently two years after they have their own brand, which means adapting brand strategy for products has positive effect.
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Minting, Yen, and 顏敏婷. "The Research of Dividend with Value of Company." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/22052833257502915721.
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碩士中國文化大學
國際企業管理研究所
93
Based upon the trend of dividend yield and dividend payout ratio from 1981 to 2003 in Taiwan, it appears the publicly traded companies listed TSE have experienced different stages of dividend policies. However, this phenomena has changed since the government in Taiwan started to promote the corporate balanced dividend policy. The authority believes the companies should pay more cash dividend rather than issue too many stock dividend. This research, with event study and cross section regression analysis, seeks for the price change and the factor of the corporate dividend policy in Taiwan over this period. Our findings are as follow: When the companies make their announcement of dividend issuance, the price of stock does appear positive abnormal return. Nevertheless, after performing more detail analysis, we find the stock dividend still provide the significant positive abnormal return. On the other hand, the cash dividend provides the significant negative abnormal return. It appears no effect on its price. It does prove that the number of companies pay more cash dividend has been certainly increasing in the past few years. In addition, our finding does not support the theory of Bird in one hand in here. Finally, our regression result provide strong evidences that the companies’ earning power, risk level, insider ownership, growth opportunities, and firms’ size provide positive or negative impact to the level of total, cash and stock dividend. These are consistent with our hypotheses and most of our literature findings.
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Chen, Chyong-Fen, and 陳瓊芬. "FDI relates to corporate value of listed company." Thesis, 1995. http://ndltd.ncl.edu.tw/handle/57796917937662235192.
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Chao, Chi-Jung, and 趙啟鎔. "Value Innovation Strategies of a Memory IC Company." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/63t365.
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碩士國立交通大學
管理學院管理科學學程
101
Semi-conductors industry is one of the key high-tech industries in Taiwan. With over 20 years, several companies become worldwide leading companies with own developed technologies, advanced processes, and clear market positioning. There are some companies have disappeared under global economic crises. There are still some fighting for survival by adopting transformative strategies. This research attempts to identify the dynamics of memory IC industry by examining the development of the memory IC industry in worldwide as well as in Taiwan, analyzing most of their business status, and reviewing the bottlenecks in the industry development. Utility actual case studies of specific company are an integral part of this research. We examined a case company from how they start, their marketing positioning, competition status, and strategy formulation, etc. Through this systematic examination, we may easy to identity its strength &; weakness, and to conclude by making proposals on the strategic suggestions. The process may help a company which is looking forward to turns around to be a better company.
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Kuo, Leonard, and 郭國緯. "Company Value Evaluation of TPK Holding Co., Ltd." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/h342e2.
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碩士國立清華大學
高階經營管理碩士在職專班
102
This dissertation is an assumption that display manufactures or touch panel manufacturers might want to invest TPK Holding Co., Ltd for cooperation. How can they evaluate TPK Holding Co., Ltd? Ever since Apple Inc. introduced the first generation iPhone in AD 2007, the entire mobile phone industry changed dramatically due to the application of touch panel in smartphones. Almost all 1st-tier mobile phone makers were shocked and realized that touch panel application would be a major factor of success in the market of mobile phone. Thus, they modified their new product development for both middle- end and high-end smartphones those must be applied with touch panel as a necessary specification. As a result of market demand, there were many touch panel companies established several years ago and created a competitive market in touch panel industry. The first generation iPhone was with the configuration of projective- capacitive touch panel. Due to the patent issues, touch panel manufacturers began to provide customers from resistive touch panel then switched to projective-capacitive touch panel that includes either PET or glass material. Business of touch panel has been going up and down caused by mobile phone makers’ choices. However, the competition was getting tough continuously with more players from AD2013 when display manufacturers introduced in-cell and on-cell in the market. Nowadays, it is being a stage of both touch panel manufacturers and display manufacturers grab market share of touch panel for mobile devices.
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Hsiao, Cheng-Hsu, and 蕭政旭. "The Characteristics and Company Value in Pharmaceutical Industry." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/qechgb.
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碩士靜宜大學
應用數學研究所
97
Abstract In the violent business competition, to find out the industrial development to help company make the strategies those are related to the future targets, the investment, and the management. This paper focuses on the highly profitable pharmacy industry. One way is to probe into whether the change of capital structure affects company’s ability of profit or not. Another way is using the variables on financial statement to substitute its related characters to analyze the factors which affect the company，s value including the company’s scale, financial turnover and industry risk. We discuss each factor through regression analysis. By using the real data, statistic analysis and arguments listed in the references, we present our conclusions to accept or reject the hypotheses. We obtain the following our contentions： 1. The pharmacy industry with highly increasing debts do not favor the company’s profit. 2. In pharmacy industry, the more property the company has, the more profit the company makes. 3. The company with a steady finance has the advantage in promoting its ability of profit. 4. The high risk of pharmacy industry will not bring higher profit.
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CHEN, HONG-LIN, and 陳泓霖. "The Relation Between Company Characteristics and Fair Value Option." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/dw427e.
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碩士國立臺北大學
會計學系
106
Under the purpose of mitigating the accounting mismatch caused by the accounting standards, the US Financial Accounting Standards Board (FASB) published the Statement of Financial Accounting Standards (SFAS) No. 159, Fair Value Option for Financial Assets and Financial Liabilities, in 2007, which allows companies to measure the financial assets or liabilities designated by the instrument at fair value through profit or loss. Most of the previous studies focused on the differences of the motivation of adoption between early adopters and normal adopters. This paper investigates whether certain company characteristics before the adoption of fair value option would affect the firm’s use in the long run. This paper takes the second quarter of 2008 to the fourth quarter of 2016 as the study period to exclude the early and first quarter of normal adoption period. The company characteristics are analyzed based on three perspectives: earnings volatilities, earnings management, and information disclosure. The empirical results of this study indicate the incentives of firms’ adoption in financial assets as follows: the greater the volatilities of firm earnings, the greater the degree of information asymmetry, and the higher the cost of equity capital, the less likely firms adopt fair value option. However, firms with the incentive of earnings management tend to adopt fair value option. On the contrary, the incentives of fair value adoption in financial liabilities differs from those of financial assets. For financial liabilities, the greater the degree of information asymmetry, the more likely firms adopt the fair value option. However, the incentive of earnings management for firms to use fair value option in financial liabilities is the same as financial assets. It is that firms with earnings management incentive tend to adopt fair value option in financial liabilities.
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Pham, Thanh Anh, and 范成英. "Using Surplus Earning to Evaluate the Value of Company." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/9fy7ap.
Full textAbstract:
碩士義守大學
企業管理學系
106
Recently, various companies have been very enthusiastic about “surplus earning”. This method is also becoming more and more common in Vietnam. However, nowadays, there are limited relevant studies on the “surplus earning” model in Vietnam, which has triggered the motivation of this study. Based on theoretical derivation, this study revealed two important findings. First, the previous surplus earning model, in which the recent period and the next period has a linear relationship, was extended. This study added economic rent to present a new model in which the recent and the next periods are nonlinear. Second, non-linear surplus earning model of this study is recreated based on the Ohlson model (linear model). In order to clarify the establishment of the model in this study, empirical research was conducted by using the annual data of 25 companies in Vietnam from 2008 to 2017. The results show that the first and second points derived from the above theories are all supported. Especially, when the surplus earning of the next period is added to the non-linearity, the linear predictive power of the surplus earning of the current period towards the company’s value in the current period will change from significant to insignificant. Similarly, the non-linear surplus earning model in the next period can be significant. Therefore, it can be concluded that the nonlinear model is better than the linear model.
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Lu, Chih-Heng, and 呂志亨. "Time-based Value Proposition - A Case of T Company." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/h5755g.
Full textAbstract:
碩士國立交通大學
管理學院高階主管管理碩士學程
106
This paper discusses how T Company uses the concept of time to construct a medical device’s value proposition. The company’s medical device targets ventilator associated pneumonia (VAP). Conventional culture-based diagnosis for VAP is too slow for a clinician to select appropriate antibiotics at early onset. Prolonged inappropriate antibiotic usage may delay a patient’s recovery, leading to increased cost of hospitalization and cost of drug resistance. Conventional culture-based diagnosis needs 2-3 days. T Company's system shortens the diagnosis process to 10 minutes, benefitting all stakeholders. Clinicians need less time to select appropriate antibiotics. Patients recover faster. The society saves healthcare cost. This paper finds that time-based value proposition is effective to medical device for critical care, when patient and clinician need to fight against time. This research focuses on a new product for a critical infection. Future research may discuss if time-based value proposition applies to other clinical conditions.
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Tsou, Albert, and 鄒武哲. "Measurement of Value at Risk of Taiwan Listing Company." Thesis, 1997. http://ndltd.ncl.edu.tw/handle/53258389855514769629.
Full textAbstract:
碩士東吳大學
會計學系
85
The prices of financial instruments change dramatically. Business thatengage in the transactions if instruments have more risks in recent years.They not only need to revalue their holding positions, but need accurate information to evaluate and control their risks. The authorities concern,such as G30 and Basel Committee propose or regulate " Value at Risk " as an approach to quantify the market risk of instruments. Now Value at Riskbecomes an important tool manage market risk. My research is to confirm if the return if the stock of listing companyin Taiwan is normal and heteroscedastic. In addition, by using equally weigh-ed average method, exponentially weighted average method, and GARCH method,I predict the Value at Risk of the position and evaluate their effect. The result shows that the return of Taiwan listing company stock is nonnormal and heteroscedastic. Besides, I found three different methods have significantdifferences in effect.
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Rico, Duarte de Oliveira Pimentel Rosado. "Marketing plan of a new consultant company - Wasted Value." Master's thesis, 2016. http://hdl.handle.net/10071/13190.
Full textAbstract:
JEL Classification
I10 – Health General; M13- Start-up; M31- Marketing; Q22- Fishery & AquacultureThis project is intended to create a marketing plan for a new consultant company, Wasted Value, specialized in business related to the sea. This project comes through an opportunity identified at the fish market, including the reuse of fish waste. The business of fish waste is too small, such in number as in value, because these residues are only used for fishmeal production, which is subsequently sold at very low prices. Thus, there is an opportunity to create products and derivatives with higher economic value. The objective is to create added value through a raw material of low market value. With this marketing plan, the goal is to use the new company disclosure and communication techniques in order to reach customers and investors, both national and international, and also to provide an excellent consulting service for customers, by the creation of a relationship of trust and loyalty. Thereby, the main goal, in addition to providing consulting services and, with strategic partners, to create products and by-products such as burger fish, fish sausage, products for animal feed, aquaculture and nutraceutical, in a long-term, the company will produce peptides, highly valued product on the market that can be used in areas with high value market as the cosmetic and pharmaceutical industries. To sum up, the project Wasted Value aims to be a pioneer consultant specialized in business related to sea, in order to satisfy the greatest number of companies related to this sector.
O presente projecto tem como intenção criar um plano de marketing para uma nova consultora, Wasted Value, especializada em negócios relacionados com o mar. Este projecto surge através de uma oportunidade identificada no mercado do peixe, nomeadamente o reaproveitamento dos resíduos e desperdícios do mesmo. O negócio dos resíduos do peixe é actualmente pouco expressivo, tanto em termos de número como em valor, pois estes resíduos apenas são utilizados para a produção de farinha de peixe, que é, posteriormente, vendida a preços muito baixos. Assim, existe uma oportunidade de criar produtos com maior valor económico. O core business da “WV” passa por prestar serviços de consultoria e também, através dos seus parceiros estratégicos, criar produtos e derivados de valor acrescentado, através de uma matéria-prima de baixo custo, como são os resíduos de peixe. Através deste plano de marketing, o objectivo será utilizar técnicas de divulgação e comunicação da nova empresa, de modo a atrair clientes e investidores, tanto nacionais como internacionais, e prestar um serviço de consultoria de excelência para os clientes, criando assim uma relação de confiança e fidelidade. De salientar que, para além da prestação de serviços de consultoria e criação de produtos e derivados, como hambúrguer de peixe, salsicha de peixe, produtos para rações, para aquacultura e nutracêutica, a longo prazo a empresa irá aconselhar a produção de péptidos, um produto bastante valorizado no mercado, que poderá ser utilizado em áreas com elevado valor de mercado, como é o caso da cosmética e da farmacêutica. Em suma, a elaboração deste plano de marketing passará por apresentar a criação deste novo projecto Wasted Value, uma consultora pioneira especializada em negócios relacionados com mar, de modo a satisfazer o maior número de empresas ligadas a este sector.
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Chen, Ting-Chen, and 陳亭禎. "A Study on Determination concerning the Value of a Claim." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/68507466330208565091.
Full textAbstract:
碩士國立臺北大學
法律學系一般生組
101
The procedure of civil litigation adopts non-gratuitous principle, and the litigation expenses are borne by the parties with purposes to prevent abuse of litigation by people and conserve expenses from the National Treasury, etc. Taxation amount of a court cost is accounted based on the value of a claim, which similarly affects the applicable proceeding on civil litigation in the initiative action, the right of appeal to the court of third instance, and the court’s declaration of a provisional execution on its own initiative, etc. Its determination plays an important role in protecting rights and interests of the parties. This article attempts to compile doctrines on the individual issues regarding the determination of the value of claim, in both existing theories and practices, coming with analysis and induction in order to sketch the general concept of the system. Lastly, supporting legislations from Germany and Japan based on the theory. The coverage of research is subject to regulations of Code of Civil Procedure, although many of the regulations apply mutatis mutandis to family cases, family cases will not be mentioned for the length of this article. About the content, this article starts from the origin of gratuitous and non-gratuitous principles, continues with historical development of litigation expenses regulations, and illustrates definition and scope of civil litigation expenses. Taxation amount of court cost involves its attribute in matters arising from proprietary or non-proprietary rights, as a result, an early introduction of distinguishing criteria for legislations in Germany and Japan, theories and practices of our nation in matters arising from proprietary and non-proprietary rights is needed, then perspectives included in this article. For a more complete concept structure on determination of the value of claim, this article cuts from basic concepts, and comes with explanations in order of theory reference, benefits of determination, determination organs, standards of determination such as time, place and principle. As for determination criteria of the value of claim, this article introduces it as special topic. In accordance with regulations on the claims’ values determination subject to Code of Civil Procedure, this article begins with introduction of supplementary principles (the transaction value of a claim, the interests in the claim as owned by the plaintiff) and general rules (unable to determine), coming with Articles 77-4 to 77-11, also respective review on their applicable scopes and related issues. Also, in case of action with multiple claims, the article correspondently combines concept of claim with the claim in court costs law to explain the determination in some combinations, particularly in the subject of a number of “same economic purpose” or “are asserted alternatively” and “incidental claims” as a key explanation of the concept. Moreover, the accounting of court cost is on basis of the value of claim, its taxation and accounting shall be altogether introduced. Lastly, controversies occur at the difference in determination standards caused by different perspectives on the judgment of “the interests in the claim as owned by the plaintiff”, to prevent such situation, this article raises three cases happening in our nation concerning controversies on the claim’s value determination and action traits, and discuss in order of annulment of resolutions adopted in a shareholders’ meeting, official apology post on the newspaper, and revocation of the arbitral award, with developments and evolving opinion in practices. Determination of the claim’s value, regarding development of civil litigation expenses law in our nation, due to negligence on construction of this territory over a long period of time, usually lack references when coming to actual determination of the value of a claim, thus resorting to judgment as individual case. We expect this article to provide a direction in actual claim’s value determination by constructing a rough structure of litigation expenses system and organization of related information
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Yu, Shen-Jung, and 余昇融. "The Inquire of Spin-off Company Strategy and Value chain－A Case Study of N company." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/p62ysf.
Full textAbstract:
碩士銘傳大學
管理學院高階經理碩士學程
95
This research undertakes the internal business development of a spin-off venture.The research selects specific venture as its target discussion, the following are both selected areas, “structure of strategy”, “structure of value chain”, topics applies the framework proposed in “The Growth Gamble ” by Campbell and Parker(2005). The following are results from analyzing: (1) internal and external resource and strategy, (2) the influence in performance achievement of a new venture cased by internal value chain structure, (3) Whether an on going management and execution plan within the measurement of Check bring influence to the result of a spin-off company. (1) When competitive strategy adopted by the newly created industry, focus on the changes of industry environment circumstances. Vulnerability of a newly achieved venture is relatively high, consequently, it is especially critical for newly created venture to obtain an adjustable flexible strategy. Comprehensively, when it comes to strategic structure, then it may penetrated through the promoted strategy of quality, and to obtain common understanding and gain needed support among team members. (2) When provide results from its resource allocation, every role within the value structure of a new venture executes a high level of controllability at every segment. In terms of achievement activity directly relate within the value chain, with superior quality and high degree of common understanding, affirmative influence will result in new venture’s financial performances. (3) There will be an increase in cautious and rational strategy, and a decrease in rush and irrational behavior. After exercises the implementation of “Confidence Check”, strategy expert will be able to assist venture to draft an accurate goal. It is without hesitation knowing not all strategy will succeed in the future, but by exercising the implementation of “Confidence Check” it amplifies the success in business.
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LEE, SHAO-HUA, and 李紹華. "Corporate Governance and Company Value During Financial Crisis:Evidence from Taiwan." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/81510157090961695045.
Full textAbstract:
碩士東吳大學
會計學系
98
Since “Corporate Governance Best-Practice Principles for TSEC/GTSM Listed Companies” had been announced at 10/4/2002 in Taiwan; government, TSEC, GTSM and many NPOs have being worked together to introduce the idea of corporate governance to Taiwanese listed companies, and many listed companies had also established their corporate governance mechanism by the demand of regulation or by voluntary. In 2008, Taiwan had been raided by global financial crisis, Taiwanese stock market also been tested strictly. Many foreign studies showed that corporate governance will affect company value during economic recession. This study was inspired by that idea and looking forward to find out whether good company characteristic and good corporate governance can bring positive effect during economic recession. Nevertheless, many foreign studies were based on multinational samples, their research data were collected from different countries. In order to verify the hypothesis of that corporate governance will affect companies’ value during economic recession under the same regulation structure, a study based on one country is necessary. That’s why this study selected Taiwan as the sole sample market. The result of this study indicated that listed companies in Taiwan which with better corporate governance also got their SCAR explained better by unexpected earnings; it means corporate governance is positive related to SCAR. But further study showed that corporate governance and unexpected earnings are complementary, however, this result didn’t against the original hypothesis of this study; that is corporate governance is still the key element of company value, and good corporate governance can keep company value from plumping, especially when financial crisis and economic recession is happening. This result probably caused by more prudential tendency of investors during economic recession, and most of investors put their investment on companies with better corporate governance.