B. Why do you suppose the Catholic Church was so outspoken against business activity and moneymaking at a time when it was the wealthiest institution on Earth? Is religion today still suspicious of moneymaking? Why, or why not?
In: Economics
FAMILY BUSINESS DYNAMICS
Thomas Sages looked stern and preoccupied upon his return from
the funeral of his friend David’s wife,
Laura. When David died a few years earlier, the shock was great for
Thomas, and this new loss revived
the wound.
David had been Thomas’ closest friend since they were young; he
also was his business associate –
contributing 10% of the business equity when Thomas started the
expansion of his supermarket chain.
And the ties were further strengthened when David and Laura’s son
married Thomas’ daughter.
As Thomas’ thoughts wandered, he found himself thinking about the
future of the business he had so
successfully built. Two of his children worked in the business, and
he felt rather comfortable with their
ability to lead it forward – even though he had occasional
disagreements with them about new
developments. His concern, revived by the funeral, was more about
the transfer of his ownership stake.
He had written a will many years ago, and he thought that he should
revisit it.
The high quality grocery store that Thomas launched in 1954 had
quickly developed into a very
successful supermarket chain thanks to his entrepreneurial drive.
While his son Louis, born from a first
marriage, had never been included in the business, the three
children from his second marriage had all
of the consumer credit division and Timothy of the supermarket
operations. Their older brother Charles,
however, had left the business after some tension. When his
children joined the business, Thomas gave
each of them 5% equity, to link the responsibility of ownership to
that of management. His wife Martina,
his friend David, and a fund for the managers, each owned 10% of
the capital.
David’s shares had gone to his only son David Jr who was married to
Caroline. Thomas wondered how
he should transfer his own shares, which represented 55% of
capital. One of his first questions was
whether or not to link ownership and leadership of the business:
Caroline and Timothy would probably
not wish to deal with a “sleeping partner” such as Charles,
especially given the fact that Charles had left
the business with some bitterness. An option would be to give
Charles some real estate, and to give
shares to the other two. Splitting the real estate from the
operations had been done by other family
businesses for similar purposes. Maybe Charles should even be
encouraged to trade his 5% stake against
some real estate. Thomas then wondered if the business should be
further split: real estate to Charles,
“bank” to Caroline, supermarket operations to Timothy. However, the
fact that David Jnr. (Caroline’s
husband) owned 10% of the shares, and that the management fund also
owned 10% of the shares
meant that the matter needed to be closely examined. At this point,
Thomas also realised that he
needed to better understand the consequences of the latest
inheritance laws – they had recently
changed and he was not sure what his wife Martina should receive
should he die before her. He also
needed to think about Louis, his elder son, who never received
shares from the business but was
entitled to a share of the inheritance. Their relationship had been
distant for many years, but they had
grown closer recently and Thomas wanted Louis to be part of the
plan. Thomas decided that he needed
to discuss these issues with his trusted advisor, and picked up the
phone.
1. Describe the how successful Thomas manage the family
business and what options should Thomas
consider when planning for ownership succession.
2. Evaluate in how the best practices implemented by the
second generation entrepreneurs including
high quality were influence the business. Also State your personal
experience and tailored estate
planning advice.
3. Explain what advice/guidance have you found useful or
pitfalls that you have experienced through
this case.
In: Operations Management
There are many issues that researchers require consideration when designing market research. Using an internet search engine of your choice, list and discuss five (5) issues that require consideration. (Must provide 2 references, there should be at least one academic reference and one non-academic to justify your answer). (At least 200 words)
In: Economics
When creating the Academic Database, there were several instances of data validation. Data types were assigned to each field in the table to stop undesirable values from being placed into certain fields. A presence check was used on fields that were listed as NOT NULL, requiring some data to be input. Uniqueness validation was automatically assigned for fields that were primary keys. Describe at least one field in the Academic Database a table where range validation could have been used and describe at least one field in the Academic Database where choice validation could have been used. Your answer should be addressed in 100 to 150 words.
In: Computer Science
n another analysis from the same study of nurses, perceived pressure was compared across the three work areas.
Using the results of the Tukey test below, which groups did and did not differ and in which direction? i.e., who seemed to feel their pressure were relatively higher? Lower? (5 point)
Tukey's Studentized Range (HSD) Test for pressure
NOTE: This test controls the Type I experimentwise error rate.
Alpha 0.05
Error Degrees of Freedom 574
Error Mean Square 1.28185
Critical Value of Studentized Range 3.32313
Comparisons significant at the 0.05 level are indicated by ***.
Difference
Work Between Simultaneous 95%
Comparison Means Confidence Limits
Academic - Hospital 0.39011 0.15818 0.62204 ***
Academic – Nursing home 0.48073 0.03946 0.92200 ***
Hospital - Academic -0.39011 -0.62204 -0.15818 ***
Hospital - Nursing home 0.09062 -0.34328 0.52453
Nursing home - Academic -0.48073 -0.92200 -0.03946 ***
Nursing home - Hospital -0.09062 -0.52453 0.34328
In: Statistics and Probability
consider the potential v(y,z) =sinky(Ce^kz + De^-kz)
apply the two boundary conditions
a- V(y,z=b)=0
b- V(y=a,z)=0
In: Physics
Conditions are: It is a hard sphere with radius R, it has no resistance. The electrostatic potential is V. There is a conducting material around it (no boundary) with resistivity, n. Find the electrostatic field, potential and current density outside the sphere.
In: Physics
A random sample with 150 students has 45 female students. Estimate the population proportion of female students at the 99% level of confidence.
a. Find the right boundary of the estimation?
b. Find the margin of error.
In: Statistics and Probability
A mass of 5 kg of saturated water vapor at 150 kPa is heated at constant pressure until the temperature reaches 200°C, the the boundary work in KJ is done by the steam during this process is closest to?
In: Mechanical Engineering
The question is: How is grain boundary surface tension measured?
While answering, please explain 'why's and 'how's.
And give me some journals, books, and other reliable source recommendation for further information.
In: Physics