Financial Management Essay Example | Topics and Well Written Essays - 500 words - 6

Financial Management - Essay Example The company continues to be on the rise according to the FIA report of 2010. The report that was published on March 2011 reveals that contracted traded in NYSE Euronext experienced a rise of 24.6% in the FY2010 to reach 2.155 contracts (Heckman, 2009) The NYSE is the world’s largest company in terms of cash equities exchange. It has been in operation for about 215 years, and its dealings are in capital formation, whereby the company serves institutional and individual investors, the trading movement and its listed companies. By the end of 2006, over 2700 users (operating companies, exchange traded funds and closed end funds) were listed in the corporation. These listed companies represented the global market capitalization of over b$25 trillion. Ever since, the company has enhanced its reputation in cash equities exchange. As compared to the rest, Euronext is an extremely new financial entity, which was formed in 2000 (Brigham, 2009). The governance of NYSE Euronext is by a board of directors that is elected manually. A majority of these directors are independent while the rest of the team comprises of a CEO, deputy CEO, non executive chairman and deputy chairman. The markets of the company are regulated according to local requirements. When the merger was done, it was agreed that there would be no additional requirements for all the listed companies. This was to guard the company from American Law especially, the Sarbanes-Oxley Act. The Sarbanes-Oxley Act of 2002, also known as the Public Company Accounting Reform and Investor Protection Act is an enactment of 2002 is a federal law that governs corporate finance. The law was enacted after many high ranking companies including WorldCom and Enron were implicated in corporate accounting scandals. The Act brought reform into American business and enhanced criminal penalties for any company that destroys, falsifies,

Busines Strategy Essay Example | Topics and Well Written Essays - 1750 words

Busines Strategy - Essay Example Strategy Safari presents ten schools of thought which according to Mintzberg are classified into two broader areas of Descriptive schools as well as Perspective schools. Under these two broader areas, there are ten different categorization of the various schools of thoughts. Perspective schools of thoughts are those which consider that the companies based on their assessment of their current situation and resources attempt to formulate strategies whereas under descriptive schools of thoughts, organizations tend to take a historical view of the events which has caused the companies to reach at their present status and position. The ten schools of thoughts than are discussed according to their individual characteristics as well as assumptions in order to accurately define the respective schools of thoughts. This essay will attempt to critically analyse the underlying assumptions, perspectives as well as the paradigm stance of the Design School of Thought as discussed in Strategy Safari by Henry Mintzberg. Before discussing the design school of thought, it is of great importance that we must first attempt to initiate a debate on the concepts of resources and capabilities and how both the concepts have been utilized in the literature and their link with the design school of thought. Apparently, the strategies... Outside In perspective of the strategy formulation look at the market and the external situations as the major influence over the strategy making process within the organization and is largely opportunity driven while working on Positioning approach. This approach also allows firms to be more responsive to the changes taking place outside and convert them into opportunities. However continuous repositioning by the firms may keep their focus away from their distinctive competencies. However on the other hand, the inside out perspective of strategy formulation tend to take into account the resources of the firms and not the market as the chief source of strategy making within the organization. The focus of this approach has been on resources and capabilities of the firm and not on the external forces such as market. This approach is basically strength driven based on the internal capabilities of the firm with more emphasis on delivering and achieving more internal competencies. This approach also allows the firm to tap the opportunities in much better way as compared to the firms working on the basis of outside in perspective. The inside out perspective is what the key perspective of design school of thought is basically. Design School of Thought In its essence, Design school of thought see strategy as a conceptual process. It attempts to match the internal resources of the firm to the external environment in order to find a best strategic fit between the organisational resources and organisational strategies. The historical roots of this school of thought can be traced to the Harvard Business School as it appeared in the work of Selznick in 1957 when he first coined the word of