------------------------------------------------- ------------------------------------------------- Case 2: Williams‚ 2002 ------------------------------------------------- Introduction In 2001‚ the Tulsa‚ Oklahoma‚ Williams Company was in financial distress. The primarily energy-industry company was struggling with a shrinking energy trading market‚ which was marked by distressed entities such as Enron’s broadband unit and Global Crossing. Williams also suffered internally with a floundering telecommunications division
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CBE‚ Qatar University 12 Case Report: HBR TiVo in 2002 (Consumer Behavior) Marketing Management‚ Fall 2012 Eagles Team 1. Introduction: This brief report attempts to tackle the HBR TiVo in 2002 case study. The report highlights the main issues facing the company in 2002 and then proceeds to analyze the internal and the external environments around TiVo at the time with a special focus on relating the analysis to consumer behavior. The report finally ends with proposing a number of
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1. If the Williams-Sonoma continues with its present strategies and objectives‚ where will it be in five years? As said by Rouse (2005) author of the Williams-Sonoma case study‚ Williams-Sonoma uses the diversification growth strategy. According to the text with this strategy the company expands product lines by moving into other industries (Wheelen & Hunger p. 208 par. 4). Initially Williams-Sonoma “opened its first store in 1956‚ selling a small array of cookware imported from France. Since
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corporations such as Enron‚ WorldCom‚ and Hollinger International‚ lawmakers sought to provide regulations that provide oversight on the way corporations report financial data and to ensure that stockholders were protected. The Sarbanes-Oxley Act of 2002 was put in place to combat deceit‚ improve the consistency of financial reporting‚ and reestablish the confidence of investors (Wagner & Dittmar‚ 2006). One of the declaring regulation within this major law is that the management of a company is
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Case Study: Willimas-Sonoma Williams-Sonoma’s competitors use various strategies as a form of competition. This along makes it difficult for the giant retailer to stay on top of everything. Williams-Sonoma has key competitors like Crate & Barrel‚ Restoration Hardware‚ Pier 1 Imports and Bombay Company. Along with these big names‚ Williams-Sonoma must also compete with regional stores‚ online stores‚ local stores‚ specialty stores‚ department stores‚ and direct-ship manufacturers. Competition for
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Table of Contents Abstract Congress passed the Sarbanes-Oxley Act of 2002 in response to financial scandals perpetrated by Enron and WorldCom‚ and it has had a strong impact on corporate accounting and financial decision-making. This law was intended to enhance financial transparency for publicly-traded companies. The Sarbanes-Oxley Act established new regulations and penalties for public companies to protect investors. In addition
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Mr. Williams is a 42 year old male who presented to the the ED with severe anxiety. He denies feelings of depression‚ however reports frequent crying spells over the course of the past few weeks. At the time of the assessment Mr. Williams is calm and cooperative. Mr. Williams reports tonight while at work he became tearful‚ felt like his face was heating up‚ and "butterflies in his stomach." He expressed the noise from the machine had some effect on his mood. Mr. Williams reports over the past few
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The Sarbanes-Oxley Act of 2002 (Public Company Accounting Reform and Investor Protection Act‚ Pub.L. 107-204‚ July 30‚ 2002‚ 116 Stat. 745‚ July 30‚ 2002) was enacted by Congress in the wake of corporate and accounting scandals that led to bankruptcies‚ severe stock losses‚ and a loss of confidence in the Stock Market. The act imposes new responsibilities on corporate management and criminal sanctions on those managers who flout the law. It makes Securities fraud a serious federal crime and also
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Sarbanes-Oxley Act of 2002 established a new five-person board to oversee financial accounting in publicly traded corporations. The board is appointed by the Securities and Exchange Commission. Prior to the creation of this board the industry relied primarily on self-regulation through the American Institute of Certified Public Accountants. Do you think the establishment of the new oversight board was a good idea or should the profession have continued to be self-regulated? In 2002 there was a new act
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1- public accounting firm is a firm that registered by the public accounting oversight board so it provides accounting service to public company. Sarbanes-Oxley Act of 2002 contains provision preventing any company which is not registered with the board from‚ furnishing‚ participating in an audit of a public company or preparing. the different categories of public accounting firm are as follow : (Local Regional National Big 4 Alternative Practice Structures) Also there are different
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