PROJECT DEFINITION (Final project) Essay Example | Topics and Well Written Essays - 1000 words - 1

PROJECT DEFINITION (Final project) - Essay Example The original purpose of the phone conversation was to discuss a possible licensing agreement. However, their conversation led to a discussion of competitive strategy and the idea of a merger between the two companies was broached. (Hoopes, 2004). By next month, all the basics of the deal were formulated and by September first week, the merger was approved by both boards. The merger was expected to yield savings projected to reach $2.5 billion annually by 2004. (Hoopes, 2004). To identify the strategic management issues that arose out at Compaq and Hewlett-Packard respectively in the lead up to the merger in 2001, and the changes in strategic management that resulted after the merger within the newly merged operation. Although Compaq was growing at a good rate as an independent corporation in the server market and retail PCs, as part of strategic management policy it wanted to expand its reach, particularly in the consulting arena. As an important step towards its transition as a consulting power providing corporate solutions, Compaq and its CEO Michael Cappellas utilized the offer put forward by Carly Fiorina. â€Å"Compaq, which has a global services division of almost 40,000 employees, is moving strategically towards IT business solutions in the key markets, where together with HP, they can compete effectively against IBM, Dell, and Sun.† (Cormia, 2002). As Compaq had a strong strategic management policy of expansion into the consulting arena, the merger was the best feasible option for them. HP wanted to include PC assembling and retailing in its ‘resume’ and thereby become a full-service technology company. A full service technology company who can do all the IT related works and thereby take on the leaders Dell and IBM. â€Å"Fiorina argued, the merger would create a full-service technology firm capable of doing everything from selling PCs and printers to setting up

The importance of accounting information Essay Example | Topics and Well Written Essays - 1500 words - 1

The importance of accounting information - Essay Example This research will begin with the definition of accounting as the process of â€Å"identifying, measuring and communicating economic information to permit informed judgments and decisions† by the users of the information. Hence accounting information is very useful to its various users as it helps them to make informed and calculated decisions. All stakeholders of an organization including the shareholders are potential users of accounting information. Following are some of the user of this information: decision makers inside the organization (such as the directors, managers, etc.), employees, shareholders, customers, lenders, shareholders, suppliers, etc. Traditionally anybody who is interested in the activities and performance of an organization is a stakeholder. Accounting information is useful to different users in a different way. Accounting information such as cash inflows, expenses, fixed assets, liabilities, operating profits, can be used by decision makers inside an o rganization to make critical decisions such as future investments, pricing strategies, expansion plans, etc. Employees of an organization can use accounting information to analyze the financial and commercial success of a company and in turn understand the security with respect to the job that the organization promises. Lenders and suppliers can use the information to analyze the financial health of the company before lending loans and materials to the organizations.