Growing World of Sony Essay -- essays research papers

It’s not news that Sony is a global company or that (25%) of all Play Station profits’ for the past seven years came from Sony to Japan. After all that’s what international marketing and the global economy are all about, companies like Sega, Nintendo, Microsoft, X-Box doing business around the world. The global economy now reaches every corner of the United States. Current interest in international marketing can be explained by changing competitive structures coupled with shifts in demand characteristics in markets throughout the world. With the increasing globalization of markets, companies find they are unavoidably enmeshed with foreign customers, competitors and suppliers. A significant portion of all products made in the United States is foreign made. Japan’s economy is based on a strong work ethic and being a leader of technology, in which has helped Japan advance to the second most powerful economy in the world. One notable characteristic of the economy is the working together of manufacturers, suppliers, and distributors in closely-knit groups called keiretsu. The keiretsu, which means â€Å"order† or â€Å"system,† is a unique form of business that links companies together in industrial groups that provide Japanese business with a substantial competitive edge over non-keiretsu organizations. Keiretsus are collections of dozens of major companies spanning several industries and held together by cross-shareholding, old-boy networks, interlocking directorates, long-term business relationships, and social and historical links. There are six major Japanese industrial keiretsu groups and eleven lesser ones. Together, the sales in these groups are responsible for about 25 percent of the activities of all Japan, a nd keiretsus account for 78 percent of the value of all shares on the Tokyo Stock Exchange. Japan’s industry, which is the most important sector of the economy, is heavily dependent on imported raw materials and fuels. For three decades overall real economic growth had been one of the highest, 10% in the 1960s, 5% in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in 1992-95 largely because of the aftereffects of over investment during the late 1980s. Growth picked up to 3.9% in 1996, largely a reflection of low rates of inflation. But in 1997-98 Japan experienced a recession, centered about financial difficulties in the banking system ... ...the magic and popularity behind playstaion 2, besides the Sony name, was is it’s ability to play back DVD videodiscs, and support for all types of sound hardware, including Dolby Digital and DTS, which is, used for home theater systems. These added options plus it’s ability to play back the original playstation games made it appealing to every one regardless of age. For the Kids you had the hottest new system that could also play the original play station games even faster, for the parents you had a new DVD Player. Sony’s ability to market and tailor the playstation to a wide range of consumer young and old is what but it on top of the charts. Even with the introduction of Microsoft’s XBOX and Nintendo’s game Cube this October Sony is still topping the charts this Christmas season. Sony’s has proved it’s self in the gaming world and has its consumers behind them. The strategies that Sony uses is marketing it’s playstation is not complex, Sony just uses it’s assets to find out what the consumer wants and need and then gives it them. Sony produces high quality products tailored to the need of its consumers. A simple concept that has left Sony and Playstation on top of the charts.

Financial Statement Analysis Essay

Now complete the tables to develop pro forma financial statements for 1996 and 1998. In making these calculations, assume that the bank is willing to maintain the present credit lines and to grant the requested additional $12750000 of short-term credit effective January 1, 1996. In the analysis, take account of the amounts of inventory and accounts receivable that would be carried if inventory utilization and day’s sales outstanding were set at industry-average levels. also, assume in your forecast that all of SPC’s plans and predictions concerning sales and expenses materialize , and that the firm pays no cash dividends during the forecast period. Finally, in your calculations use the cash marketable securities account as the residual balancing figure. 6. Based on the forecasts developed earlier, does it appear that SPC will be able to retire all this outstanding short-term loans by December 31, 1996? In answering this question, assume that the firm will, if possible, repay the loans at a constant rate throughout the year. Therefore, on average, the amount of short-term loans outstanding will be half of the beginning of year amount. 8. Under that circumstance might the validity of comparative ratio analysis be questionable? Answer this question in general, not just for SPC, but use SPC data to illustrate your points. 9. Revise your pro forma financial statements for 1996 to 1997 on the basis of the following assumptions: a. short-term loans will be repaid when sufficient cash is available to do so without reducing the liquidity of the firm below the minimum requirements set by the bank, and when the company is able to maintain at least the target minimum cash balance (5 percent) b. SPC will reinstate its cash dividend, set at 25% of earning, in the year during which all short-term loans and credit lines have been fully cleaned up(paid in full). 11. On the basis your analyses, do you think Julia should recommend that the bank extend the existing short and long term loans and grant the additional $12750000 loan, or should she recommend that the bank demand immediate repayment of all existing loans? If she does recommend continuing to support the company, what conditions (for example, collateral, guarantees, or other safeguards) might the bank impose to help protect against losses should SPC’s plans go awry?

Traditional Religions - Free Essay Example

Sample details Pages: 1 Words: 301 Downloads: 3 Date added: 2019/10/10 Did you like this example? The majority of traditional religions include beliefs in a Supreme Being, spirits, divinities, magic and traditional medicine. They believe that the purpose of humanity is to harmonize nature with the supernatural. The problem with the world today according to traditional religions is that people have forgotten about the importance of the spiritual realm. Human beings today focus more on the physical and material world. Traditional concepts of destiny and reality are rooted in the spirit world. The actions and activities of the spiritual beings governs all spiritual and social phenomena. Unexplainable day-to-day events proved to traditional people the existence of a world aside from the visible one. Traditional religions believe that the spirits are intermediaries between God and humans. There are good and bad spirits. Misfortune and suffering are believed to be caused by inappropriate behavior from communities, individuals, and intervention of bad spirits. The world is current unbalanced; the spirit word has been neglected despite its dominance over the material world. Don’t waste time! Our writers will create an original "Traditional Religions" essay for you Create order In order for world to regain balance, the people need to regain favor from the good spirts and establish a close relationship with the spirit world. Good spirits provide protection against disease, misfortune, harm, heal illness, and provide children, wild game, and rain for crops, fish, and protection for livestock. Manifestation of these blessings are dependent on the right behavior on the part of the people. Good behavior includes practicing and following behavior and values established by culture and society, participation in religious practices and rituals, and respect for neighbors, family, and the community. Rituals are religious or cultural ceremonies that celebrate events that have religious significance. Failure to abide by these guidelines results in the good spirits stopping their protection and blessing. This is what has resulted in the vast misfortunes, droughts, deaths, and illnesses we see today.