Premium Essay

Forecasting Industry Trends

In: Business and Management

Submitted By joyjeet
Words 425
Pages 2
Every MBA student needs it some day

Monday, August 30, 2010

SEARCH
HOME
LOGIN
SUBMIT
FAQ
SITE STATS New Solution

Join Now
Get instant access to over 67,000 case studies and MBA term papers.

Most Recent Requests
» general management
» HBS no. 9 Responding to W
» deutsche braueri
» Nordstrom Case
» Case studies on marketing
» hrm case studies as well
» mongolian grill case more.... Register FREE and post your request for FREE

Saved Papers
Save Paper to find them more easily. Newest Entries
» Skype swot Analysis
» IKEA invades America
» Business management
» Being Global: Good or Bad
» IGGY’S BREAD OF THE WORLD Recent Topics
• loctite
• LG
• Dominos
• Human resource managem
• Project Management

Harnischfeger Corporation

Questions

1. Identify all the accounting policy changes and the accounting estimates that Harnischfeger made during 1984. Estimate, as accurately as possible, the effect of these on the company´s 1984 reported profits.

2. What do you think are the motives of Harnischfeger´s management in making the changes in its financial reporting policies? Do you think investors will see through these changes?

Answers

1. Identify all the accounting policy changes and the accounting estimates that Harnischfeger made during 1984. Estimate, as accurately as possible, the effect of these on the company´s 1984 reported profits.

a. Changes that affect the Harnischfeger Revenues:

• The company start to account Kobe Steel sales in US, previously it only add the gross margin in the financial statement. (this sales represents $28 millions)

• Sales to a foreign subsidiary starts to be consolidated as a net revenues (this sales represents $5,4 millions)

b. Changes that affect the Harnischfeger profitability:

• Change in the depreciation…...

Similar Documents

Premium Essay

Pharma Industry Trend

...The global pharmaceutical industry has enjoyed steady growth in recent years, despite a global economic downturn. But with patent expiries, stricter regulations, and U.S. healthcare reforms, the pharmaceutical industry is increasingly under pressure to maintain its steady revenue flow. With the patent cliff looming through 2014, many pharmaceutical companies are restructuring to reestablish their industry dominance. They are reinventing themselves through mergers and acquisitions, or are signing licensing deals in order to survive. Real Publishing presents a study of key pharma industry trends. This report offers an analysis of the impact of those trends, and reforms and regulations, particularly in the U.S. and the EU. Key Trends Explored: - Generic drug manufacturers are gearing up to take advantage of the opportunities presented by the many patent expiries - What trends are impacting the leading generic drug manufacturers such as Teva, Sandoz, and others - What government regulations and policies will effect pharma company bottomlines in 2012 and beyond? - How are pharma companies using mergers and acquisitions to maintain a competitive edge? - What is the state of the current global pharmaceutical industry and where is it growing? - Pharmerging countries contribute approximately half of growth, with China as third-largest market Global Pharma Industry Trends Examined: - Challenge of Patent Expiries - Challenges Facing the Generic...

Words: 354 - Pages: 2

Free Essay

Industry Forecasting

...Industry Forecasting Joey Willoughby BUS620 Managerial Marketing Instructor: Dr. Mary Wright July 2, 2012 Industry Forecasting An organizational environment is composed of “the actors and forces” outside marketing that affect marketing management’s power to develop and sustain successful transactions with its target consumers. Macro-forecasting in industrial settings is basically concerned with the forecasting of markets in total. This concerns the existing level of market demand, while also considering the market’s future. New homes are a product offered within an industry (construction), in which macro-trends could have a major impact over the next five (5) years. An organization’s macro-environment relates to the larger forces having a direct impression on society as a whole. An organization has little, if any ability to sway these said forces, and thus can only adapt its marketing mix to provide a reason for the resulting opportunities and threats. (Weigand, Robert A. 2012) There are many features of an industry that may determine the degree of competition, as well as the relative position of profitability in an organization. Several macro-trends encompass industry forecasting and can impact either negatively or positively within an organization. The macro-trends include: Economic trends: In this particular......

Words: 1058 - Pages: 5

Premium Essay

Discuss the Problems of Forecasting Future Trends in the Transport Market

...include; to determine future transport network needs and to be able to forecast the effects of certain policies, for example, and increase in road pricing. Forecasting is useful, however the data is an estimate and can be collected in a number of ways, therefore there can be problems associated with forecasting future trends in Transport Market. One way in which future trends are forecasted in the transport market is through estimating transport elasticities, this can be used to show the responsiveness of demand to a change in price, income or price of another good. There can be problems associated with both the collection of the data, and the problems that may arise due to data being deceiving. Problems with the collection of data could be that the data is just an estimate; for example, secondary data can be used, which involves using past records and data to predict future behaviour, if the data used is wrong, or from a different economic climates, the overall forecast could be wrong. If this data was wrong and stated that PED was less than one, this may cause transport companies to think that transport was now inelastic and therefore raise the prices. If this was untrue or deceiving then transport markets would see a decrease in the demand for public transport, therefore causing problems. Another method used in forecasting is the Delphi Method, this involves consulting experts and using their specialist knowledge to assess the impact of changes on the market.......

Words: 651 - Pages: 3

Premium Essay

Current Trends in Hospitality Industry

...hotel industry Introduction Despite a growing of the value of modern, integrated systems, many properties still do not take advantage of them as fully as they might to maximize revenue opportunities. Many also fail to support and secure them to the extent appropriate to the value of their data and to the legal consequences of that data becoming stolen or corrupted.--Hospitality management system have evolved into sophisticated, well integrated, multi-discipline tools capable of helping properties of all types and sizes that attract more guests, generate more revenue and reach much-improved levels of efficiency. However, many properties handicap themselves through hanging on to systems well past their competitively useful life, greatly restricting their ability to implement such revenue-enhancing measures as taking Internet reservations, performing effective rate/revenue management, collecting more detailed guest data for customer relationship management and targeted marketing, and so on. All of these factors encourage the movement towards more professional systems management; either from a corporate resource team shared among many properties or contracted out to a professional third party. STATEMENT OF THE STUDY This study aimed to determine on how a significant factor restricting wider adoption is the challenge of improving the system's ease of use as they continue to grow in functionality, in both operational and guest-facing areas. All of these support a trend to......

Words: 1105 - Pages: 5

Premium Essay

Industry Trends

...business strategy should take careful measure of the effectiveness of changes to both your pricing strategy and marketing—both have the potential to make or break you and should be developed to maximize your return on investment for each product Key consulting trends for 2013 After speaking to 260 consulting leaders across 26 countries, and 800 global buyers and end users of consulting services from both the public and private sectors in 2012, Source Information Services (Source) has identified five key consulting trends for 2013. The list includes expectations for growth in Europe, consultancy strategies, market consolidation, hotspots for global growth, and finally, the consulting firms best placed for future growth. 1.Low levels of growth in Europe: The European consulting industry may bounce back, but much rests on the continued strength of the German market which grew by just over 7 per cent in 2011, and was the second biggest in the region (behind the UK). On balance, a lot relies on the performance of the financial services industry across all European countries. Things could head in either direction, but Source expects more of the same – low levels of growth across the European consulting industry. 2.Testing strategies: Source client research has identified three major opportunities for growth for consulting firms in 2013: new services, new roles, and new delivery models. Of those, new delivery models – which concerns consulting firms moving away from...

Words: 1528 - Pages: 7

Premium Essay

Industry Trends and Current Dynamics

...Industry Trends and Current Dynamics Seagate and Plantronics is just a couple of the big name players in the heart of Silicon Valley today. Each of them meet the demands of certain niches in both the booming center of California and the rest of the world as well in emerging markets spread across from South America all the way to Asia Pacific. There is one thing that is common amongst these thriving companies of the Silicon Valley however, and that is excellence in their management of information technology at the respective companies. We are going to explore the finer details and glimpses inside these companies’ business models, structures, and strategies beginning with Plantronics. Seagate is a leader in storage devices. Proving this is their company data that shows them having shipped more than 51 million drives since the first quarter of 2012. And with that, they have generated a revenue of $2.8 billion and counting. This company provides all the solutions for storage that this rapidly growing tech industry throws out there from enterprises to desktops to mobile computing to whatever consumer electronics you can name. Specifically though, Seagate has been building hard disks, solid-state hybrids, and solid-state drives. With that said, they have managed to take over 29% of the entire market share in which they are competing in. This is astounding for any company to capture more than a fifth of the market in whatever field that they......

Words: 1387 - Pages: 6

Premium Essay

Industry Trends for the Pharmaceutical Industry

...Industry Trends According to Standard and Poor’s industry service, in the past few years, the pharmaceutical industry has been subjected to heightened competition from generic drugmakers, unprecedented pricing pressure from payers, and hard-to-control inflation in research and development budgets. Furthermore, the  industry has been experiencing a decline in R&D productivity, with a lack of innovative new products being launched in recent years. The industry has suffered due to these problems in 2010, however, improvements in early-stage product pipelines in certain fields, such as cancer and diabetes, show positive long-term potential. Major cost-cutting initiatives, including sales and marketing overhauls and the reorganization of R&D operations, have been introduced as a response to the industry's concerns. New products, as well as an aging population, also provide another indication that the industry has a promising future. 1. Emerging Markets Drive Growth With markets in major developed nations being stagnant or only showing modest growth, pharmaceutical manufacturers are focusing on global emerging markets to provide momentum for industry growth over the coming years. Projections show that these markets will account for over two-fifths of global GDP, and 80% of the world's population by 2015. With respect to the pharmaceutical industry, observers have forecast that emerging markets will drive up to 90% of the sector's growth through 2020. Based on IMS...

Words: 2026 - Pages: 9

Free Essay

Market Potential: Industry Trends, Company Trends, Demand Trends.

...Market potential: industry trends, company trends, demand trends. The brand management and licensing of trendy brands in apparel is considered a profitable business model. It has a low risk and has no overhead associated to warehouses, retail outlets, logistics, and staff. Both brand owners and competitors see what companies are doing with licensing and they do not what to feel left behind. The economic and competitive pressures have forced managements to explore new business options. The partnership between licensor, licensee and retailers has become difficult and the competition between brands has become more intense. The internet has made a tremendous impact on retailers and how they do business. Brand licensing is a business that is expanding and it has become a corporate business tool. Iconix Brand Group licenses their brands and do not manufacture products, which allows other companies to manufacture products that use its brands. “Iconix’s operating margin is over 60% and managed to grow sales at 24% compounded annual growth rate over the last five years” (A Great Investment in High Margin Apparel, 2013). Wal-Mart accounts for 17% of Iconix sales with a strong store base of over 4000 US stores; Target and Kohl’s accounts for 7% of sales. The United States is the largest market for Iconix and it accounts for 75% of sales and Japan at 10% is considered its second largest market. Iconix is hoping to drive sales over long-term with their joint ventures in......

Words: 450 - Pages: 2

Premium Essay

Forecasting in the Banking Industry

... Forecasting In the Banking Industry Name of the Student: Name of the Institution: Date of Submission: The banking industry operates globally. In every economy, banks are very significant for its growth and development. For the banks to effectively meet their targets and continue operating efficiently, they need to have a good forecast of their targets. In forecasting, there are various variables that are used by the banks. First there is the customer base. Customers that are served by any bank are the ones who determine its operations and the profits it records. Any bank needs to understand its current number of customers and the possibility of their growth. This is because the customer base of any bank is what determines its level of profits on the services it renders. Customer base also largely determines the number of employees that are to be employed in order to have timely and effective service delivery. (Rapach, 2008) Secondly, there is the level of interest rates prevailing in the economy. Banks largely depend on the interests that they charge their customers for the services rendered. Finances received from the interests charged are used to meet various expenses incurred by the bank, such as advertising expenses and commissions. Therefore, the level of interest rates is a very important variable that any banking institution needs to effectively predict so as to avoid unexpected fluctuations. (Rapach, 2008) The third variable is the general salary levels of its......

Words: 706 - Pages: 3

Premium Essay

3 Trends in the Global Meetings Industry

...3 Key Trends in the Global Meetings & Events Industry I. The dynamic of meetings and events is changing: Attendees demand a more robust and interactive meeting experience. Why is this important? This trend signifies a significant shift in the way the business community desires to learn. This evolution has gone from a reactive approach of only listening to a lecture to a more proactive approach of greater engagement in the learning process. Impact? A change the way in which conferences and events are conceptualized, structured and administered. Opening Data: In a recent survey conducted by Successful Meetings of corporate, association and independent/third party planners, 70% cited ‘creating a compelling meeting experience’ and their top priority in producing successful meetings in 2015. (Successfulmeetings.com) Or quote Corbin Ball: Conclusions on company response: a. A greater frequency of touch points with attendees pre & post event. b. Attention to demographics c. Changing role of the presenter d. Reliance on technology e. Changing meeting design II. Big Data Analytics and Accelerated Event Technology are rapidly rising in importance. Why is this important? During the last economic downturn in 2008, may companies cut non-essential meetings. As the economy strengths and globalization continues to expand, there is a more thoughtful and concerted approach to developing events on two dimensions: 1.......

Words: 2036 - Pages: 9

Free Essay

Industry Forecasting

...reader, but without the advantages of the e-paper technology” (Wikipedia, n.d.). E-books are a new category computing devices that are gaining appeal to the mass market. The e-book entered the market in 2007 and started to gain notice in 2010. It is only gaining more leverage as this new technology gains ground and growing competition. The main focus of e-readers is entertainment. With nearly one in five American adults now owning a tablet according to a new study from the Pew Research Center. A paperless future might be sooner than we expect. So what does the macro environmental trends show for the e-reader’s future in five years? The macro trends, for short can be divided into six major components: demographic, socio-cultural, economic, technological, regulatory, and natural environments. So what does this all have to do with e-readers? It allows marketing managers and strategists to see what trends are influencing demand in the market of interest, whether favorably or unfavorably. Demographic environment is related to population and population mix. It is the people who make up the market. Therefore we must see who it is that is accessing the e-readers and who may be interested in them. According to Pew Research Center’s Internet & American Life Project, they show demographic differences. “There has been an increase from six to twelve percent of all adults in the U.S. to own an e-reader from Nov.2010 to May 2011. There was considerable growth in e-reader ownership among......

Words: 1035 - Pages: 5

Free Essay

Current Trends in the Shipping Industry

...Current Trends in the Shipping Industry 1. Introduction 2. Practical Application 3. Conclusion 4. References 1. Introduction “On the high seas, majority of shipping companies are nowadays replacing the full speed ahead with slow and steady speed to maximize profit”. With the intention of cutting costs of fuel, ocean shipping companies are instructing their Captains at sea to throttle back the engines and this phenomenon is what is being called as “Slow Steaming”. In most of the cases, the vessels are taking as many as 15 days to make an Atlantic crossing that used to take just 10 days. 2. Practical Application According to Asaf Ashar, the head of the National Ports and Waterways Institute in Washington “Companies are more focused on reducing costs, not speed of delivery, and the trend will continue even after the global economy comes back." Nearly all of the world's shipping lines are using slow steaming at least part of the time, he said. I sail onboard crude oil carriers, managed by Wallem Shipmanagement and Stena Bulk, and this practice of throttling back on engine to save fuel was used in all voyages we made in 2011. One of the companies which has recently reported huge savings with this practice is the Copenhagen-based A.P. Moeller-Maersk, the world's biggest ocean cargo line. Maersk, which has a fleet bigger than the U.S. Navy, swung to a 639 million dolar profit in the first three months of the year 2010, the most recent quarter......

Words: 570 - Pages: 3

Free Essay

Employment Trends Forecasting

...Employment Trends Forecasting – Last Four Years Employment Trends Forecasting – Last Four Years The manufacturing industry refers to any company that produces goods rather than services. The Bureau of Labor Statistics indicates that manufacturing industries can be anything from “mechanical, physical, or chemical transformation of materials, substances, or components into new products” (BLS, 2011) and includes consumable goods such as bakery items, candy and items that are tailored. Since the beginning of the recession that hit on a global level and here in the United States, employment trends have taken an interesting turn of events over the last four years. Current Employment Trends 2011 The manufacturing industry was consistent with the trends of continuing mass lay-offs and contributed greatly to the overall unemployment percentages that hovered steadily in the 9.0+ percentile. The month of April, 2011 showed the highest rates of manufacturing industry layoffs. According to the BLS.gov website there were 397 companies who implemented layoff events that affected up to 47,104 manufacturer workers. With only 23,400 job openings for 47 thousand unemployed, it is evident that 2011 was not a good year for the individuals and families of a large sector of manufacturer workers. The average manufacturer employee at the level above non-supervisory positions earned approximately $23.60 an hour and worked a normal 40 hour work week. The non-supervisor’s earned an......

Words: 1270 - Pages: 6

Premium Essay

Gaming Industry Trends

...Pearlman Recent Trends in the Casino Industry The casino industry is very large multi-billion dollar industry. There are very few players in the casino industry as there are a great amount of legal and capital issues for operating and owning a casino. There are even fewer players who have been in the casino industry for generations. The people who have been in the casino industry for decades are those that have caught on to the current trends within their industry. If any business wants to be sustainable and have a very long life than it is mandatory that they have an eye out for the current trends within their industry and apply those trends in their business. The purpose of this paper is to identify the current trends in the casino industry. Knowing this information will be very useful to me as an owner/operator of multi-business units. I am not currently in the casino industry, but I have a very big attraction to the industry as an owner. I want to do more research on the industry and there is no better way than identifying the current trends in the industry. After a lot of research, it has been noted that there are many trends that the casino industry has to keep a look-out for. These trends touch many different areas in the industry, ranging from the changes in the technology, the different types of policies and regulations as well as a shift in demographics and how they have influenced the industry. The first trend I want to identify in the gaming industry is the......

Words: 1552 - Pages: 7

Free Essay

Industry Forecasting

...Industry Industry Forecasting Joey Willoughby BUS620 Managerial Marketing Instructor: Dr. Mary Wright July 2, 2012 Industry Forecasting An organizational environment is composed of “the actors and forces” outside marketing that affect marketing management’s power to develop and sustain successful transactions with its target consumers. Macro-forecasting in industrial settings is basically concerned with the forecasting of markets in total. This concerns the existing level of market demand, while also considering the market’s future. New homes are a product offered within an industry (construction), in which macro-trends could have a major impact over the next five (5) years. An organization’s macro-environment relates to the larger forces having a direct impression on society as a whole. An organization has little, if any ability to sway these said forces, and thus can only adapt its marketing mix to provide a reason for the resulting opportunities and threats. (Weigand, Robert A. 2012) There are many features of an industry that may determine the degree of competition, as well as the relative position of profitability in an organization. Several macro-trends encompass industry forecasting and can impact either negatively or positively within an organization. The macro-trends include: Economic trends: In this......

Words: 1059 - Pages: 5