AC3908 international finance environment Coursework

AC3908 international finance environment - Coursework Example The EVA methodology was implemented in order to improve resource allocation across Asahi Glass’s number of business around the world as well as to evaluate the managerial performance of top level executives (Mir and Seboui, 2008; Brown and Caylor, 2005). The case study explores the way the company calculated EVA and the weighted average cost of capital for the different business segments based in different countries (Desai, 2006). In this report we will analyze the impact of the bank based system on the company, the reforms associated with corporate governance, the barriers faced by the CEO while bringing about the reforms and lastly the implementation of the EVA methodology. Corporate governance framework constitutes of a bunch of mechanisms that are both market and institutional based which encourages the controllers of an organization to make decisions that are aimed towards maximizing the value of the shareholders. These mechanisms are meant to tackle agency problems. Normally, two basic models are utilized; control model that focuses on control from internal boards and market control that usually constitutes of independent boards, scattered ownership and policies that promotes transparency. It is however tough to determine the model that is the most appropriate one (Talamo, 2011; Handley-Schachler, Juleff and Paton, 2007; Thomsen, 2004). Corporate governance comprise of a variety of internal as well as external factors in companies such as Asahi glass. First of all, the ownership concentration in companies based in Asia is much higher than in companies based in the Western countries. This is precisely because majority of the big organizations in Asia are either family enterprises or state-owned. This results in the creation of an unequal and unfair selection system. This type of governance framework existing in organizations might have

Hart's Hotel Nottingham Essay Example | Topics and Well Written Essays - 1500 words

Hart's Hotel Nottingham - Essay Example An organization always aims at giving quality service to the customers. This is meant to attract more customers thus leading to profit maximization and business expansion. This paper discusses in depth about Harts Hotel Nottingham, its accommodation and front service management. Hart’s hotel is said to be a magnificent place for exploration. It’s a classical 17th century mansion owned by Tim and Stefa Harts and under management of Rupert Elliot. The hotel maintains high standards of modernization with light and airy modern space. It presents beautiful scenery with walls decorated in a range of bright abstract canvasses and no echoes of its previous incarnation (Vickers, 2005:42). Not only is the place fantastic to the viewer’s sight but also a very clean environment with friendly and helpful staff. Scholar depict that the restaurant advocates for excellent service and delicious menus. The hotel is located approximately a 3-minute walk form the city centre hence c onvenient enough for visitation. Moreover, it portrays a quiet environment away from noise of traffic and nightlife thus relaxing and comfortable for stay (http://www.tripadvisor.com/ShowUserReviews-g186356-d292105-r14432692-Hart_s_Hotel-Nottingham_Nottinghamshire_England.html). Hart’s hotel has quite a pleasant accommodation service. The rooms have high ceilings thus making the place light airy, contemporary, and comfortable. The top quality beds are neatly and stylishly equipped with goose down pillows and duvets, and Egyptian cotton bed linen. Once, a customer visited the