Tuesday, February 25, 2020

To what extent does restructuring transform corporate market and Essay

To what extent does restructuring transform corporate market and financial performance Discuss using an extended example - Essay Example It plays a vital role in decreasing the stress between debt holders and equity holders due to which they can come up with instant solutions of different problems. And on the other hand it also reduces financial crisis and losses. Financial performance and corporate markets have been transformed through restructuring to some extent, but the degree of transformation is the main question. This question is answered in the following example of a worldwide food processing company â€Å"THE HEINZ COMPANY†. According to Gordon Donaldson, â€Å"We have become so familiar with the phrase financial restructuring in the past decade that we often fail to ask why financial structure became such a battleground for contending agents of change.† (Donaldson 1994, 6) â€Å"H.J Heinz Company† was originated in Sharpsburg, Pennsylvania in 1869. The company was founded by German Henry John Heinz. At that time Heinz was only 25 years old and initially he used to distribute condiments to limited grocers by Horse-drawn wagon. Initially the company’s original name was â€Å"Anchor Pickle and Vinegar Works†. The first product line of the company had only horseradish but later tomato ketchup and pickles were also introduced. In 1874 L.C Noble became the partner of Heinz Company. After their partnership the company’s name changed from â€Å"Anchor Pickle and Vinegar Works† to â€Å"Heinz, Noble & Company† and they moved to a larger headquarter located near Pittsburgh. Their assets increased to 30 acres of Horseradish, 24 horses, 12 wagons, 100 acres of garden and a vinegar factory in St. Louis. In 1875, banking panic and economic chaos forced Heinz into bankruptcy and their business failed. But soon after in 1876, Heinz restructured its company with an aim to repay all his creditors and introduced a new product in its product line â€Å"Tomato Ketchup†. Heinz formed a partnership with its cousin Frederick and brother John. In 1877, their product line further extended

Sunday, February 9, 2020

Employee selection method Essay Example | Topics and Well Written Essays - 250 words

Employee selection method - Essay Example Additionally, the cognitive ability test evaluates the participant’s potential or aptitude to solve job-related issues by providing data about their mental abilities such as mathematical and verbal reasoning, as well as, perpetual abilities such as speed in identifying letter in the alphabet. A good example of cognitive ability test is the aptitude test that is given to prospective employees. The advantages of the cognitive ability test are that it produces various organization outcomes such as success in training and performance. Secondly, this method can be used to predict job performance, especially for complex jobs. Thirdly, the test can be administers through paper and pencil or using computerized methods. Lastly, the method is cost-effective to administer, as the participants are time (Durai, 2010). However, there are various pitfalls that are associated with this method that include that the test is likely to differ in results because of race and gender than any other type of test administers. Lastly, the method is time-consuming in case the test is purchased off- the-