reflected Diageo’s strategy of concentrating on premium brands and pricing. (Exhibits 1 and 2 contain historical financial information for Diageo and its business segments.) Diageo’s second largest division was Guinness Brewing, which produced and sold beer to markets around the world. This segment, while substantially smaller in sales than the Spirits and Wine Division, was a close second to it in terms of operating profit growth rate. Due to the similarity in the products and distribution channels
ECS8C_C01.qxd 22/10/2007 11:54 Page 597 CASE STUDIES ECS8C_C01.qxd 22/10/2007 11:54 Page 598 ECS8C_C01.qxd 22/10/2007 11:54 Page 599 Guide to using the case studies The main text of this book includes 87 short illustrations and 15 case examples which have been chosen to enlarge specific issues in the text and/or provide practical examples of how business and public sector organisations are managing strategic issues. The case studies which follow allow the
much value can be created through acquisition of target company, estimate the stock price of a company considering initial public offering, and predict the likelihood of a firm’s future financial distress. Question 2. Accounting statements rarely report financial performance without error. List three types of errors that can arise in financial reporting. Three types of potential errors in financial reporting include: 1. error introduced by rigidity in accounting rules; 2. random forecast errors;
This page intentionally left blank International Management Culture, Strategy, and Behavior Eighth Edition Fred Luthans University of Nebraska–Lincoln Jonathan P. Doh Villanova University INTERNATIONAL MANAGEMENT: CULTURE, STRATEGY, AND BEHAVIOR, EIGHTH EDITION Published by McGraw-Hill, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY 10020. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Previous editions © 2009,
rtf ansi ansicpg936 deff0 stshfdbch1 stshfloch0 stshfhich0 deflang2052 deflangfe2052 fonttbl f0 fnil fcharset134 fprq0 panose 02020603050405020304Times New Romanfalt Times New Romanf1 fnil fcharset134 fprq0 panose 02010600030101010101cbcecce5falt cbcecce5f2 fnil fcharset2 fprq0 panose 05000000000000000000Wingdingsfalt Wingdingsf3 fswiss fcharset1 fprq0 panose 020b0604020202020204Arialfalt Arialf4 fnil fcharset134 fprq0 panose 00000000000000000000Helveticafalt cbcecce5f5 fnil fcharset134 fprq0 panose