Corporations

A:

Corporate planning is a strategic tool used by companies to set long-term plans to meet certain objectives, such as business growth and sales volumes. Corporate plans are similar to strategic plans, but place greater emphasis on using internal resources and streamlining operations to achieve certain end goals.

See Full Answer
Filed Under:
  • Who owns ESPN?

    Q: Who owns ESPN?

    A:

    The channel ESPN is owned by ESPN, Inc., which is a joint venture between The Walt Disney Company and Hearst Corporation as of 2014. It was previously owned by ABC and Getty Oil.

    See Full Answer
    Filed Under:
  • What are the advantages and disadvantages of mergers and acquisitions?

    Q: What are the advantages and disadvantages of mergers and acquisitions?

    A:

    Mergers and acquisitions may bring significant financial benefits if all goes well, but result in financial losses and a less productive workforce if they do not work as planned. Mergers and acquisitions can help companies tap into new markets, cut down on the costs of research and development and expedite growth. However, they may be costly to implement and lead to reduced worker productivity and failure to meet stakeholder expectations.

    See Full Answer
    Filed Under:
  • What is Starbucks' market share globally and in the United States?

    Q: What is Starbucks' market share globally and in the United States?

    A:

    Starbucks has an approximate 33 percent share of the U.S. market and a 1 percent share of the global market, according to SeekingAlpha.com. The analyst group IBISWorld confirms the national figure, putting the U.S. percent share at 32.6.

    See Full Answer
    Filed Under:
  • Who are Walt Disney's competitors?

    Q: Who are Walt Disney's competitors?

    A:

    As a media and entertainment company, the Walt Disney Company's major competitors include Time Warner, Viacom Inc. and Comcast. Their cruise line and theme parks also compete with companies such as Six Flags Entertainment and Carnival Cruise Lines.

    See Full Answer
    Filed Under:
  • What is Taco Bell's mission statement?

    Q: What is Taco Bell's mission statement?

    A:

    Taco Bell's full mission statement is "We take pride in making the best Mexican style fast food providing fast, friendly, & accurate service. We are the employer of choice offering team members’ opportunities for growth, advancement, & rewarding careers in a fun, safe working environment. We are accountable for profitability in everything we do, providing our shareholders with value growth.”

    See Full Answer
    Filed Under:
  • What is a Fortune 200 company?

    Q: What is a Fortune 200 company?

    A:

    A Fortune 200 company is a company that ranks within the top 200 spots on the Fortune 500 list. The Fortune 500 is an annual list published by Fortune magazine ranking the top 500 companies in the United States by their gross revenue.

    See Full Answer
    Filed Under:
  • What is a managing member of an LLC?

    Q: What is a managing member of an LLC?

    A:

    All of the owners of a limited liability company are called members, and a managing member of an LLC has the authority to make decisions on behalf of the company. All members have this authority by default in most states, unless the members choose to relinquish their authority to a professional manager. The manager may also be a member, but could be a company instead.

    See Full Answer
    Filed Under:
  • What is the function of a steering committee?

    Q: What is the function of a steering committee?

    A:

    The function of a steering committee is to provide support, advocacy and enablement for the projects which they oversee. A steering committee is not designed to actually manage or run a project, and should be kept from doing so. Rather, the steering committee should facilitate the project manager's ability to plan and direct a given project, giving advice and support along the way.

    See Full Answer
    Filed Under:
  • What does CEO stand for?

    Q: What does CEO stand for?

    A:

    CEO has a variety of meanings depending on the person or group using the abbreviation. The most common definition, though, is "Chief Executive Officer." In business, the CEO is the person in charge of an organization or company.

    See Full Answer
    Filed Under:
  • How is a franchise formed?

    Q: How is a franchise formed?

    A:

    Forming a franchise involves developing a business system, creating an operations manual, drafting a franchise agreement and making a marketing plan. The goals are to make the new location independent and to train the franchisee to run it on his own. Creating a franchise takes time, money and legal support.

    See Full Answer
    Filed Under:
  • What is the purpose of a finance department?

    Q: What is the purpose of a finance department?

    A:

    The finance department in an organization oversees financial planning and management activities, including budgeting and forecasting, reporting and compliance, and creation of value. Some of these responsibilities help the organization meet compliance obligations. Others contribute to profit-building for the company.

    See Full Answer
    Filed Under:
  • How did Calvin Klein get started?

    Q: How did Calvin Klein get started?

    A:

    In 1962, Calvin Klein was enrolled at the Fashion Institute of Technology in New York City and worked as a design apprentice under Dan Millstein for $75 a week. For five years, Klein spent time designing at various shops in New York. In 1968, at the age of 26, Klein took $2,000 of his own money and a $10,000 loan from his friend Barry Schwartz to start Calvin Klein, Ltd.

    See Full Answer
    Filed Under:
  • What is a company analysis?

    Q: What is a company analysis?

    A:

    Company analysis refers to the process of evaluating a company’s profitability, profile and products or services. It is also known as “fundamental analysis,” and it is generally used by investors. It incorporates basic company information, such as the mission statement, goals and values.

    See Full Answer
    Filed Under:
  • Why did the East Coast Fishery collapse?

    Q: Why did the East Coast Fishery collapse?

    A:

    According to Canada History, the East Coast Fishery collapsed due to the inability of the government to regulate the volume of cod being fished from the Grand Banks. By 1995, the fishery had completely collapsed, with an estimated cod bio-mass left at a mere 1,700 tons.

    See Full Answer
    Filed Under:
  • How much is Disney World worth?

    Q: How much is Disney World worth?

    A:

    The Orange County Property Appraiser's office for Orange County, Fla., assessed the value of Walt Disney World at just over $1.3 billion in 2011. This figure includes the land, buildings and other physical improvements located in Disney World's six theme parks, but the figure does not include the value of the venue's personal property or intangible assets. Walt Disney World is the most valuable property in the state of Florida.

    See Full Answer
    Filed Under:
  • Who owns the Walt Disney company?

    Q: Who owns the Walt Disney company?

    A:

    The Walt Disney Company is a publicly traded corporation owned by its shareholders. The Laurene Powell Jobs Trust, run by Steve Jobs' widow, is the largest stockholder, owning 7.27 percent of the shares.

    See Full Answer
    Filed Under:
  • How many Barbie dolls have been sold since 1959?

    Q: How many Barbie dolls have been sold since 1959?

    A:

    According to the Washington Times, Barbie manufacturer Mattel does not know precisely how many dolls have been sold since 1959, but sales figures number in the billions. Every three seconds a Barbie doll is sold somewhere in the world.

    See Full Answer
    Filed Under:
  • Who owns the Hershey chocolate company now?

    Q: Who owns the Hershey chocolate company now?

    A:

    As of June 30, 2014, the Hershey Trust Company is the shareholder with the greatest number of shares, making it the owner of the company. The Hershey Company, formerly known as the Hershey Foods Corporation, Hershey Chocolate Corporation and Hershey Chocolate Company, is an investor-owned public corporation.

    See Full Answer
    Filed Under:
  • What is the purpose of a business organization?

    Q: What is the purpose of a business organization?

    A:

    A business organization determines who is liable for a business and how the business pays its taxes. The most common forms of business organization are sole proprietorships, partnerships, limited liability companies and corporations. When one or more people conduct business, the state and the IRS consider the business a sole proprietorship or partnership by default, while other forms of organization require significant paperwork and legal proceedings.

    See Full Answer
    Filed Under:
  • What does it mean to be a Neilson family?

    Q: What does it mean to be a Neilson family?

    A:

    To be a Nielsen family means a household is part of a panelist system that is used to determine how many people watch television and in what way. It is how the TV industry gets what is known as Nielsen ratings.

    See Full Answer
    Filed Under:
  • What is the difference between privatization and commercialization?

    Q: What is the difference between privatization and commercialization?

    A:

    In the strictest sense, privatization is the industrial assumption of functions or institutions that were formerly part of or administered by the government, whereas commercialization is the introduction of a commodity into the free market for mass consumption. An example of privatization is the growing trend of for-profit colleges. In contrast, the introduction of a new food item at a fast food restaurant is an example of commercialization.

    See Full Answer
    Filed Under: