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GerhardFenkart 
Anstands-Wau-Wau
Posts: 639
(7/8/07 14:37)
Antworten

Re: Re: New Diploma Exam Practice Thread July 2007
Original
Although the importance of labor unions decreases steadily, there is still a lot of concern with different views of management, employees and their labor union. Recent national and international cases demonstrated that strikes, boycotts and other labor actions might occur every time and everywhere. How can a company deal with such employee unrests? This report discusses the difficulties a company’s management has to face and how it can overcome them to manage human resources (HR) successfully.

First of all, the author will address common union tactics and explain the term “wildcat strike”. Second, the report will continue by demonstrating current changes concerning human resources management and the trend towards contingent workers. Finally, it will show how Produkt AG could manage the current employee unrest.

Because of several cases of union tactics like strikes, boycotts and picketing in the past it can be said that managers are still confronted with the problem of dissatisfied employees. According to Ebert and Griffin, strikes are a labor actions in which employees temporarily walk off the job and refuse to work. Strikes are becoming more and more important in context of current day business life. But not all strikes are legal. The definition that lies at the base of this problem is as follows. A “wildcat strike” is defined as a strike which is unauthorized by the labor union during the life of a contract. The consequences for strikers are that they loose their status as employees and thus, the protection of the labor law.

A further problem which today’s human resources managers have to deal with is the ongoing trend to so-called contingent or temporary workers. In detail, a contingent worker is hired for something other than a full-time basis to support the firm’s permanent workforce. Examples are independent workers, contract and leased employees. Managing this new kind of employment demonstrates a great challenge for HR managers as they have to be flexible and careful when creating work schedules. This leads the reader to the question of which actions Produkt AG should take into account to manage the current employee unrest.

One possible solution might be to arrange a discussion meeting with the strikers. This could give the company the opportunity to listen to the concerns of its employees and moreover, the management would have the chance to resolve the problems by finding an alternative solution. Furthermore, the managers should tell the strikers the risks which might occur because of this illegal wildcat strike and that it would be better for both sides to find a mutual agreement. Depending on the certain problem, the company could offer better compensation systems or more flexible working hours. On the one hand, the final solution should satisfy and motivate the employees to work for the company and on the other hand, the management should offer realistic, practical and feasible suggestions. Finally, the management should work out a comprehensive and written document which demonstrates the mutual solution and publish it within the company so that every employee and manager has access to the agreement. Thus, it is easier to implement the new strategy as everyone is aware of the changes.

In conclusion, the author recommends the company to integrate the employees in as many decision making processes as possible due to the fact that this would lead to greater motivation and satisfaction. The involvement of employees is a relatively easy and cheap action with enormous positive effects and protects the company against unpleasant labor actions like strikes and negative publicity.

Korrektur
Although the importance of labor unions has decreased/is decreasing steadily, there is still a lot of concern with different views of management, employees and their labor union. Recent national and international cases demonstrated that strikes, boycotts and other labor actions might occur any time and anywhere. How can a company deal with such employee unrests? This report discusses the difficulties a company’s management has to face and how it can overcome them to manage human resources (HR) successfully.

First of all, the author will address common union tactics and explain the term “wildcat strike”. Second, the report will continue by demonstrating current changes concerning human resources management and the trend towards contingent workers. Finally, it will show how Produkt AG could manage the current employee unrest.

Because of several cases of union tactics like strikes, boycotts and picketing in the past, it can be said that managers are still confronted with the problem of dissatisfied employees. According to Ebert and Griffin, strikes are __ labor actions in which employees temporarily walk off the job and refuse to work. Strikes are becoming more and more important in context of current day business life. But not all strikes are legal. The definition that lies at the base of this problem is as follows. A “wildcat strike” is defined as a strike which is unauthorized by the labor union during the life of a contract. The consequence for strikers are that they lose their status as employees and thus, the protection of the labor law.

A further problem which today’s human resources managers have to deal with is the ongoing trend to so-called contingent or temporary workers. In detail, a contingent worker is hired for something other than a full-time basis to support the firm’s permanent workforce. Examples are independent workers, contract and leased employees. Managing this new kind of employment demonstrates a great challenge for HR managers as they have to be flexible and careful when creating work schedules. This leads the reader to the question of which actions Produkt AG should take into account to manage the current employee unrest.

One possible solution might be to arrange a discussion meeting with the strikers. This could give the company the opportunity to listen to the concerns of its employees and moreover, the management would have the chance to resolve the problems by finding an alternative solution. Furthermore, the managers should tell the strikers the risks which might occur because of this illegal wildcat strike and that it would be better for both sides to find a mutual agreement. Depending on the specific problem, the company could offer better compensation systems or more flexible working hours. On the one hand, the final solution should satisfy and motivate the employees to work for the company and on the other hand, the management should offer realistic, practical and feasible suggestions. Finally, the management should work out a comprehensive and written document which demonstrates the mutual solution and publish it within the company so that every employee and manager has access to the agreement. Thus, it would become easier to implement the new strategy as everyone would be aware of the changes.

In conclusion, the author recommends for the company to integrate the employees in as many decision making processes as possible due to the fact that this would lead to greater motivation and satisfaction. The involvement of employees is a relatively easy and cheap action with enormous positive effects and protects the company against unpleasant labor actions like strikes and negative publicity.

Ganz hervorragend- größtenteils Native Speaker Level.

abc2007
Member
Posts: 12
(7/8/07 15:00)
Antworten

report_securities
As a financial consulant, you have been contacted by the investment board of the newly founded Austrian fund manager Investfonds AG. The investment board plans to invest heavily in corporate bonds in the future.
•        explanation of the function of agencies like Moody’s and Standard & Poor’s
•        comparison secured bonds vs. debentures
•        suggestion for how Investfonds AG could make shure it always has the most-up-to-date information on stock and bonds developments


Investing in stocks and bonds is a risky adventure! – this still is the opinion of many people nowadays. This report aims to answer the question of how to deal with securities in a professional way.
The structure of the report defines 3 main paragraphs. First, the author is going to explain the function of rating agencies. Thereafter the report offers a detailed comparison of secured bonds and debentures and finally, the author will recommend ways for the Investmentfonds AG of how to ensure to have up-to-date information on stock and bonds developments.

First of all, the author would like to eliminate the chlichè that securities like stocks and bonds are linked directly to a high risk of loosing money.
As a matter of fact various kinds of bonds exist and differ in the grade of risk. Bonds therefore are perfect securities for individuals and organizations with different risk acumen.

Additionally, there exist different ways to clarify risks of stocks and bonds before investing money. Rating agencies for example like Moody’s and Standard & Poor’s are settled up to ensure safety in dealings with securities. By definition, the function of “rating agencies” according to Ebert/Griffin is to measure default risks. The agencies rate the risk of possibly missed promised payments and therefore offer stockholders the possibility to consider their investments.
Bonds are securities through wich an issuer promises to pay the buyer a certain amount of money by a specific future date and differ in terms of maturity, dates, tax status and level of risk.
In the following the author is going to explain the difference between secured and unsecured bonds.
According to Ebert/Griffin “secured bonds” are baked by pledges of assets to the bondholders and are therefore risk reduced. Debentures, on the contrary are unsecured bonds. By definition, “unsecured bonds” are bonds for which no specific property is pledged.
Although, unsecured bonds are much more risky than secured bonds, the high win potential leads investors to accept the challenge of loosing money.

Investing money in securities like coporate bonds requests to keep up-to-date on stock and bonds developments. The author would like to highlight that this information could lead to the win or loose of invested money. The most efficient solution in regards to information of stock changes is to keep an eye on the movements in the world wide web. Websites of investment institutions for example always offer the latest news. In addition, it is recommended to use the news of market indexes. Market index reveals bull and bear market trends and therefore provide the stockholder with future trends. Another option might be to gather information from the Securities exchange commission which is the federal agency that administers securities laws.
The above mentioned theorethical fundament of the difference of bonds is of high importance when considering investing in this forms of securities. In conclusion, the author wants to stress that investing in shares and bonds requests special knowledge. It is obvious that the failure of knowledge could cause troubles. In regards to this, it is suggested by the author to make use of the services of investment institutions.

GerhardFenkart 
Anstands-Wau-Wau
Posts: 640
(7/8/07 17:12)
Antworten

Re: Re: New Diploma Exam Practice Thread July 2007
Original

Dear Mr. Gusenbauer,

Thank you for your letter of July 2 concerning your request for recommendations for your plans to increase economic growth in Austria. The current situation is quite challenging, nevertheless, I am certain that I can provide you an appropriate strategy for your future plans.

In this letter, I will first address the explanation of one of the major governmental policies, fiscal policy. Thereafter, I will outline the definitions of the two economic indicators “gross domestic product” (GDP) and “gross national product” (GNP) and show the differences between these terms. Finally, I will provide you the essential steps which should be taken into account in order to increase economic growth of Austria.

Generally, the government manages the economic system through two kinds of policies which are fiscal and monetary. The fiscal policy demonstrates how the government collects and spends its revenues to control the economy. One tool can be tax increases.

In addition to that, two important economic indicators have to be considered in association with economic growth, “gross domestic product” (GDP) and “gross national product” (GNP). According to many economic experts, GDP is the total value of goods and services produced by a nation within a given period of time with its domestic factors of production. In general, GDP is a measurement of aggregate output. In comparison to GDP, aggregate output is the total quantity of goods and services a nation produces within a given period and it is the main measure of economic growth. In detail, this means that if GDP increases, aggregate output is going up and this leads to economic growth of the nation. In contrast to GDP, GNP is the total value of goods and services produced by a nation’s economic system and sold on the market for a given period of time. Specifically, GNP includes GDP and all profits coming from economic activities abroad.

This leads me to my suggestion how you can promote higher economic growth. In regards to the above mentioned measurements of economic growth, the critical step is to increase aggregate output. One possible action would be to invest strongly in technology and education. This would lead to higher productivity which also causes economic growth. With better machinery, equipment and knowledge firms could produce more products with the same amount of resources as used before. The obvious consequence of this is that aggregate output, GDP and for sure growth would go up. Furthermore, tax cuts would result in a similar effect as firms would have more money to invest in factors of production like labor or physical resources.
Moreover, the government should take measures to decrease national debt as this has negative influence on economic growth. If the government borrows money, it decreases the amount of money available for private investing. Additionally, the government should control the balance of trade as a negative balance inhibits growth. This trade gap happens when a country imports more than it exports. Please make sure, that you consider all these steps especially raising money for technology and education.

I hope the above information proves useful for you. In any case of misunderstanding or if you require further and deeper explanations, do not hesitate to contact me. It is a pleasure for me that I can support you in finding a strategy for this challenging situation.

I look forward to an opportunity to speak with you in person.

Yours sincerely,
Katrin S.

Korrektur

Dear Mr. Gusenbauer,

Thank you for your letter of July 2 concerning your request for recommendations for your plans to increase economic growth in Austria. The current situation is quite challenging, nevertheless, I am certain that I can provide you with an appropriate strategy for your future plans.

In this letter, I will first address the explanation of one of the major governmental policies, fiscal policy. Thereafter, I will outline the definitions of the two economic indicators “gross domestic product” (GDP) and “gross national product” (GNP) and show the differences between these terms. Finally, I will provide you with the essential steps which should be taken into account in order to increase economic growth in Austria.

Generally, the government manages the economic system through two kinds of policies, which are fiscal and monetary. The fiscal policy demonstrates how the government collects and spends its revenues to control the economy. One tool can be tax increases.

In addition to that, two important economic indicators have to be considered in association with economic growth, “gross domestic product” (GDP) and “gross national product” (GNP). According to many economic experts, GDP is the total value of goods and services produced by a nation within a given period of time with its domestic factors of production. In general, GDP is a measurement of aggregate output. In comparison to GDP, aggregate output is the total quantity of goods and services a nation produces within a given period and it is the main measure of economic growth. In detail, this means that if GDP increases, aggregate output is going up and this leads to economic growth of the nation. In contrast to GDP, GNP is the total value of goods and services produced by a nation’s economic system and sold on the market for a given period of time. Specifically, GNP includes GDP (except for the value of goods and services produced within a border by foreign producers) and all profits coming from economic activities abroad.

This leads me to my suggestion for how you can promote higher economic growth. In regards to the above mentioned measurements of economic growth, the critical step is to increase aggregate output. One possible action would be to invest strongly in technology and education. This would lead to higher productivity, which also causes economic growth. With better machinery, equipment and knowledge, firms could produce more products with the same amount of resources as used before. The obvious consequence of this is that aggregate output, GDP and for sure growth would go up. Furthermore, tax cuts would result in a similar effect, as firms would have more money to invest in factors of production like labor or physical resources.
Moreover, the government should take measures to decrease national debt, as this has a negative influence on economic growth. If the government borrows money, it decreases the amount of money available for private investing. Additionally, the government should control the balance of trade, as a negative balance inhibits growth. This trade gap happens when a country imports more than it exports. Please make sure__ that you consider all these steps, especially raising money for technology and education.

I hope the above information proves useful for you. In any case of misunderstanding or if you require further and deeper explanations, do not hesitate to contact me. It is a pleasure for me that I can support you in finding a strategy for this challenging situation.

I look forward to an opportunity to speak with you in person.

Yours sincerely,
Katrin S.

Ganz toll!

rajic501
Member
Posts: 4
(7/8/07 17:15)
Antworten

Re: old ex7
Dear Mr Bum

Thank you for your inquiry of 6 July. I am taking the liberty of providing you with an explantaion about the term “corporate culture” and a brief overview of the basic concept of a SWOT analysis. Furthermore I will outline a short recommendation that has been prepared for you by our institution, how Bum Bum GmbH could more sucessfully target the pacifistic market.

Let´s start with term “corporate culture”.According to Ebert/Griffin, corporate culture are the shared experiences, stories, beliefs and norms that characterize an organisation. It is very important as this helps to define the business climate that exists within an organisation. If you know your corporate culture you are able to use it and let it work for you, as you get everyone working toward the same goals.

The letters SWOT stand for strengh, weakness, opportunities and threats. To do a SWOT analysis means to have a look at your company and on its environment. If you know the strenghs and weaknesses of your company and you identify the opportunities and threats of your environmental market it is easier for you to set up a good working strategy for your company.

Our institution has done an analysis of the Bum Bum GmbH. It carried out that Bum Bum GmbH is influenced by the corporate culture to be the most cruel weapon-manufacturer. This is a very strong and selfesteem self-conception but it is also an obstacle to your probably new, till now pacifistic customers. If you are able to change your corporate culture from battelers to the worlds best defensers, more and more people will sympathise with you.
Our SWOT analysis of your company, too, showed that your company need to open new markets. As we found out your company is only known by specialists and weapon freaks. So your opportunity to be the best producer could not help you, as your weakness is adverisment and public relations.
Therefor my suggestion for you is to boost up the money for advertisment and also get on new ways for doing your promotion.
Todays children are your next generation of buyers tomorrow. To help them to be customers of the Bum Bum GmbH would mean to let them know that weapons of the Bum Bum GmbH exist. The best way to do so is to create computerplays and let your new customers grew up with virtual weapons of your company. As most children like to play such games it is the easiest and cost effizient way to open the market of pacifistic families. To open this market it is necessary that the player of this game does not use weapons for fun, but to defens in times of terrorism. This could also help you to fix your new image as a needed help for everyones safe home.
I know that my suggestion would mean a great change in your way of business, but I think the result is worth doing it.

This brings me to the end of my letter. I hope the information provided in this letter proves useful to you. If you require further information, please do not hesitate to contact me.
Best regards,

GerhardFenkart 
Anstands-Wau-Wau
Posts: 641
(7/8/07 17:26)
Antworten

Re: Ex 2
Original
The process of converting a private corporation to a public one needs to meet several requirements. This report will offer an overview of the striking points and therefore divided into three main parts.
To begin with, the author will explain the differences between a private and a public corporation. Thereafter, the report will offer a definition of the term “corporate governance” and finally, the author will highlight important facts and benefits of public corporations.

Deciding to market an AG request carefully weight of pro’s and con’s. In general, two kinds of corporations exist. The difference main difference between those two forms is the way how corporate stock is hold. By definition, a private corporation, according to Ebert/Griffin is a corporation whose stock is held only by a few people and not available for sale to the general public. A public corporation on the other side, helds its stock widely and the stock is available for sale to the general public.

A significant character of corporations is “corporate governance”. Ebert/Griffin defines “corporate governance” as a decision making process of the board of directors, stockholders and other managers. Whereas the board of directors has to inform stockholder about corporation’s performance and is responsible for revenues and losses, they hire managers for day-to-day business and operational management. A striking point in the way corporations are organized is that more people have voting rights than in any other organizations.

In the last paragraph the author will handle with public corporations in greater detail. To begin with, there has to be said that public corporations offer lots of advantages but also drawbacks have to be considered.
Of significant importance is to be aware of the fact that stocks and therefore parts of the corporation are in the hands of strangers. This leads to the greatest benefit of the public corporation: the ease of creating working capital for the firm. Whereas, lots of firms highlight this for the reason of forming a corporation, the other side of the coin is the fact that the firm is not completely owned by the managers. Therefore, the needs of other stakeholders have to be heared.
The process of converting a GmbH to an AG requires accurate analysis of the firm. The author recommends that the due diligence should be conducted by specialist. If managers accept higher starting costs by professional assistence they will be recompensed later on. It is obvious that a positive diligence attracts more investors and consequent higher investment capital.
In Bankhaus Zwettl GmbH’s current situation it would doubtlessly be advantageous to convert to a public corporation. Three main advantages are going to be discussed in the following: First, the public corporation offers the opportunity to grow rapidly by invested capital. Second, by the fact that shares of stock are held by the general public the organization’s environment generally trusts more in the corporation’s aims and mission statements. Third, a public corporation offers significant advantages due to the legal status and allows a more structured organization of the group.

Last of all, the above mentioned advantages of a public corporation leads the author to one advance notice: top managers need to be aware the danger of tender offers and and hostile take overs!


Korrektur
The process of converting a private corporation to a public one needs to meet several requirements. This report will offer an overview of the striking points and is therefore divided into three main parts.
To begin with, the author will explain the differences between a private and a public corporation. Thereafter, the report will offer a definition of the term “corporate governance” and finally, the author will highlight important facts and benefits of public corporations.

Deciding to market an AG requires a carefully weighing of pro’s and con’s. In general, two kinds of corporations exist. The main difference between these two forms is the way in which corporate stock is held. By definition, a private corporation, according to Ebert/Griffin, is a corporation whose stock is held only by a few people and not available for sale to the general public. A public corporation, on the other side, offers its stock widely and the stock is available for sale to the general public.

A significant characteristic of corporations is “corporate governance”. Ebert/Griffin define “corporate governance” as a decision making process of the board of directors, stockholders and other managers. Whereas the board of directors has to inform stockholders about their corporation’s performance and is responsible for revenues and losses, they hire managers for day-to-day business and operational management. A striking point in the way corporations are organized is that more people have voting rights than in any other organizations.

In the last paragraph, the author will deal with public corporations in greater detail. To begin with, it has to be said that public corporations offer lots of advantages, but also, drawbacks have to be considered.
It is of significant importance __ to be aware of the fact that stocks and therefore parts of the corporation are in the hands of strangers. This leads to the greatest benefit of the public corporation: the ease of creating long-term capital for the firm. Whereas__ lots of firms highlight this as the reason for forming a corporation, the other side of the coin is the fact that the firm is not completely owned by the managers. Therefore, the needs of other stakeholders have to be considered.
The process of converting a GmbH into an AG requires an accurate analysis of the firm. The author recommends that the due diligence should be conducted by specialist. If managers accept higher starting costs due to professional assistance, they will be compensated later on. It is obvious that a positive diligence attracts more investors and , consequently, higher investment capital.
In Bankhaus Zwettl GmbH’s current situation, it would doubtlessly be advantageous to convert into a public corporation. Three main advantages are going to be discussed in the following: First, the public corporation offers the opportunity to grow rapidly by means of invested capital. Second, due to the fact that shares of stock are held by the general public, the organization’s environment generally trusts more in the corporation’s aims and mission statements. Third, a public corporation offers significant advantages due to the legal status and allows a more structured organization of the group.

Last of all, the above mentioned advantages of a public corporation lead the author to one advance notice: top managers need to be aware of the danger of tender offers and hostile takeovers!

Trotz der Grammatikfehler sind die Satzstruktur und Dein Schreibstil sehr gut gelungen. Weiter so!

1) "On the one side" und "on the other side" ist schon ok. Da Du die beiden Phrasen aber häufig verwendest: "hand" ist eigentlich viel gängiger als "side".

2) "Ebert/Griffin defines": Achtung: "define" da es ja zwei Typen sind.

3) "working capital" ist eher kurzfristiges Kapitel (d.h. Eigenkapital wird nicht inkludiert)- Du meinst eher "long-term capital"

GerhardFenkart 
Anstands-Wau-Wau
Posts: 642
(7/8/07 17:48)
Antworten

Re: Bankhaus Zwettl
Original
By converting a Gmbh into an AG some aspects have to be taken into account. The report will discuss the advantages and disadvantages of a transformation and will show how Bankhaus Zwettl could benefit from becoming a public coporation.

First, the report will distinguish between private coporation and public coporation. Afterwards it will define the term „coporate governance“. In closing, the author will highlight the advantages of becoming a public coporation.

A lot of types can be created when founding a business. For avoiding high start up costs the entrepreneur could found a sole proprietorship. A disadvantage of this type of company presents itself to the entrepreneur concerning unlimited liability. In contrast a coporation is an entity seperate from its owners. A coporation is liable for its own debts. The owners are only responsible for debts to the limit of their investments. Let’s now turn to the differentiation between private and public coporations.
The stock of a private coporation is held by a few people and it is not available to public. Compared to a private coporation a public coporation’s stock is held by many shareholders and it is available for sale.

Now the author would like to turn the attention to the definition of corporate governance. Corporate governance means the roles of shareholders – owners of shares in a corporation - , directors and managers in corporate decision making.
The shareholders of a public corporation have to meet once a year. The corporation has to select a board of directors, the governing body of the corporation that reports to its shareholders. The chief executive officer is hired by the board of directors to run the corporation and the CEO is responsible for daily operations.
Shareholders of common stock have coporate voting rights and it pays dividends. In contrast, preferred stock offers fixed dividends but no corporate voting rights.
This leads the author to the next point, namely advantages of founding a public corporation. Firstly a clear advantage represents the entity seperate from its owners. The coporation can sue for example another coporation and can be sued. Furthermore the owners are only liable to the limit of their investments. Another important issue concerns raising capital. For a public corporation it is easy to get money through issuing new stock. An arguement against establishing a public coporation would be high start up costs. In Austria it requires 70000 € start up costs. Further bureaucracy could be a problem, it is higher than in a private corporation.

In summary, the advantages of becoming an AG for Bankhaus Zwettl would be the listing at the stock exchange, this could result in higher publicity and awareness. Moreover it is easier for Bankhaus Zwettl to raise capital.
As Bankhaus Zwettl is already a GmbH, converting it into an AG would argueably be the best course of action.



Korrektur
Whenever converting a Gmbh into an AG, some aspects have to be taken into account. The report will discuss the advantages and disadvantages of a transformation and will show how Bankhaus Zwettl could benefit from becoming a public corporation.

First, the report will distinguish between a private corporation and a public corporation. Afterwards it will define the term "corporation governance“. In closing, the author will highlight the advantages of becoming a public corporation.

A lot of legal business forms can be created when founding a business. To avoid high start up costs, the entrepreneur could found a sole proprietorship. A disadvantage of this type of company presents itself to the entrepreneur concerning unlimited liability. In contrast, a corporation is an entity separate from its owners. A corporation is liable for its own debts. The owners are only responsible for debts to the limit of their investments. Let’s now turn to the differentiation between private and public corporations.
The stock of a private corporation is held by a few people and it is not available to the general public. Compared to a private corporation, a public corporation’s stock is held by many shareholders and it is usually available for sale on a stock exchange.

Now the author would like to turn the attention to the definition of corporate governance. Corporate governance refers to the roles of shareholders – owners of shares in a corporation - , directors and managers in corporate decision making.
The shareholders of a public corporation have to meet once a year. The corporation has to select a board of directors, the governing body of the corporation that reports to its shareholders. The chief executive officer is hired by the board of directors to run the corporation and the CEO is responsible for daily operations.
Shareholders of common stock have corporation voting rights and receive dividends. In contrast, preferred stock offers fixed dividends but no corporate voting rights.
This leads the author to the next point, namely the advantages of founding a public corporation. Firstly, a clear advantage arises from the fact that the entity is legally separate from its owners. The corporation can sue, for example, another corporation, and can be sued. Furthermore, the owners are only liable to the limit of their investments. Another important issue concerns raising capital. For a public corporation, it is easy to get money through issuing new stock. An argument against establishing a public coporation would be high start up costs. In Austria, founding a public corporation requires a minimum equity capital of 70,000 € . Further, bureaucracy could be a problem, as it is higher than in a private corporation.

In summary, the advantages of becoming an AG for Bankhaus Zwettl would be achieved by listing on the stock exchange, as this could result in higher publicity and awareness. Moreover, it would be easier for Bankhaus Zwettl to raise capital.
As Bankhaus Zwettl is already a GmbH, converting it into an AG would arguably be the best course of action.

Guter Einsatz. Puncto Inhalt: Es wäre nicht nötig, den Unterschied einer Kapitalgesellschaft zu einem Einzelunternehmen herauszuarbeiten (wurde nicht gefragt).

1) "Further, bureaucracy could be a problem, it is higher than in a private corporation.": Ohne "as" for "it" müsste der zweite Teil ein eigenständiger Satz sein.

GerhardFenkart 
Anstands-Wau-Wau
Posts: 643
(7/8/07 18:15)
Antworten

Re: old ex 3 - bond market
Original
Thanks to new technologies, such as internet and wireless LAN, finding up-to-date information got relatively easy for both, individuals and companies. For this and other reasons, the securities market is enjoying a high and stable boom. As so do many other companies, Investfonds AG is asking itself the question how best to plan securities investments, to gain the most from this boom?

This report will give the reader an overview of the bond market and therefore, is going to explain the work of rating agencies, such as Moody’s and Standard & Poor’s. Thereafter, the author will compare the two main forms of bonds, namely secured and unsecured bonds. Finally, this report will provide the reader with a recommendation for where to get the most up-to-date information on stock and bond developments, in order to be able to react as fast as possible to value changes in the securities market.

Investing in bonds, in particular in corporate bonds, can bring along high risks. Hence it follows that soon there were companies that rated the risks of several bonds that were issued from companies in order to be able to look through the complicated “securities jungle”. Such companies, called rating agencies, help investors to find the right bonds for themselves, and thus provide a substantial decision basis. Rating Agencies classify bonds from AAA, which reflects less risky and safe bonds, to C or D which reflects higher risk that promised payment will deferred or missed altogether.

Another important issue is the distinction between secured and unsecured bonds. Secured bonds are backed by first mortgages or by a company’s assets, thus, making bonds less risky for holders. Unsecured bonds, or debentures, are not pledged with a company’s property as security and often have inferior claims on a corporation’s assets.

That leads us to the last part of this report. It is of particular importance for Investfonds AG to know the latest news and developments in the securities market. Current information for stock and bond developments could be easily found in daily newspapers, such as “Financial Times” or “The Wallstreet Journal”, in the teletext or in the internet. Thus, the author suggests Investfonds AG setting up a new department, which should be responsible for gathering up-to-date information and data mining. Another possibility would be investing in a new information system application, which would provide Investfonds AG with up-to-date information, as it shows changes in prices of stocks and bonds immediately after they happened.

To sum up, as there is a jungle of data, it is important for the reader to establish a suitable information system to provide the needed information as soon as they are required. Although implementing one of the two recommendations would be very expensive, it will soon amortise itself, as the company will avoid making bad decisions on the basis of old information.

Korrektur
Thanks to new technologies, such as the internet and wireless LAN, finding up-to-date information has become relatively easy for both__ individuals and companies. For this and other reasons, the securities market is enjoying a strong and stable boom. As __ do many other companies, Investfonds AG is asking itself the question of how best to plan securities investments, to gain the most from this boom.

This report will give the reader an overview of the bond market and therefore, is going to explain the work of rating agencies, such as Moody’s and Standard & Poor’s. Thereafter, the author will compare the two main forms of bonds, namely secured and unsecured bonds. Finally, this report will provide the reader with a recommendation for where to get the most up-to-date information on stock and bond developments__ in order to be able to react as quickly as possible to value changes in the securities market.

Investing in bonds, in particular in corporate bonds, can bring along high risks. Hence it follows that for over a century, there have been companies that rated the risks of several bonds that were issued by companies in order to be able to look through the complicated “securities jungle”. Such companies, called rating agencies, help investors to find the right bonds for themselves, and thus provide a substantial decision basis. Rating agencies classify bonds from AAA, which reflects less risky and safe bonds, to C or D, which reflect a higher risk that promised payment will deferred or missed altogether.

Another important issue is the distinction between secured and unsecured bonds. Secured bonds are backed by first mortgages or by a company’s assets, thus__ making bonds less risky for holders. Unsecured bonds, or debentures, are not pledged with a company’s property as security and often have inferior claims on a corporation’s assets.

That leads us to the last part of this report. It is of particular importance for Investfonds AG to know the latest news and developments in the securities market. Current information for stock and bond developments could be easily found in daily newspapers, such as the “Financial Times” or “The Wallstreet Journal”, in the teletext or in the internet. Thus, the author suggests Investfonds AG setting up a new department, which should be responsible for gathering up-to-date information and data mining. Another possibility would be investing in a new information system application, which would provide Investfonds AG with up-to-date information, as it shows changes in prices of stocks and bonds immediately after they have happened.

To sum up, as there is a jungle of data, it is important for the reader to establish a suitable information system to provide the needed information as soon as it is required. Although implementing one of the two recommendations would be very expensive, it would soon amortise itself, as the company would avoid making bad decisions on the basis of old information.

Bestens.

1) "Investfonds AG is asking itself the question of how best to plan securities investments, to gain the most from this boom?". Achtung: Das ist eine Feststellung, keine Frage, d.h. auch kein Fragezeichen.

abc2007
Member
Posts: 13
(7/8/07 20:50)
Antworten

EXAM
Hallo Gerhard!
ist Treffpunkt morgen 10:00 Uhr FH (HS 5) korrekt?

liebe Grüße und vielen Dank! :-)

GerhardFenkart 
Anstands-Wau-Wau
Posts: 644
(7/8/07 21:47)
Antworten

Re: report_securities
Original
Investing in stocks and bonds is a risky adventure! – this still is the opinion of many people nowadays. This report aims to answer the question of how to deal with securities in a professional way.
The structure of the report defines 3 main paragraphs. First, the author is going to explain the function of rating agencies. Thereafter the report offers a detailed comparison of secured bonds and debentures and finally, the author will recommend ways for the Investmentfonds AG of how to ensure to have up-to-date information on stock and bonds developments.

First of all, the author would like to eliminate the chlichè that securities like stocks and bonds are linked directly to a high risk of loosing money.
As a matter of fact various kinds of bonds exist and differ in the grade of risk. Bonds therefore are perfect securities for individuals and organizations with different risk acumen.

Additionally, there exist different ways to clarify risks of stocks and bonds before investing money. Rating agencies for example like Moody’s and Standard & Poor’s are settled up to ensure safety in dealings with securities. By definition, the function of “rating agencies” according to Ebert/Griffin is to measure default risks. The agencies rate the risk of possibly missed promised payments and therefore offer stockholders the possibility to consider their investments.
Bonds are securities through wich an issuer promises to pay the buyer a certain amount of money by a specific future date and differ in terms of maturity, dates, tax status and level of risk.
In the following the author is going to explain the difference between secured and unsecured bonds.
According to Ebert/Griffin “secured bonds” are baked by pledges of assets to the bondholders and are therefore risk reduced. Debentures, on the contrary are unsecured bonds. By definition, “unsecured bonds” are bonds for which no specific property is pledged.
Although, unsecured bonds are much more risky than secured bonds, the high win potential leads investors to accept the challenge of loosing money.

Investing money in securities like coporate bonds requests to keep up-to-date on stock and bonds developments. The author would like to highlight that this information could lead to the win or loose of invested money. The most efficient solution in regards to information of stock changes is to keep an eye on the movements in the world wide web. Websites of investment institutions for example always offer the latest news. In addition, it is recommended to use the news of market indexes. Market index reveals bull and bear market trends and therefore provide the stockholder with future trends. Another option might be to gather information from the Securities exchange commission which is the federal agency that administers securities laws.
The above mentioned theorethical fundament of the difference of bonds is of high importance when considering investing in this forms of securities. In conclusion, the author wants to stress that investing in shares and bonds requests special knowledge. It is obvious that the failure of knowledge could cause troubles. In regards to this, it is suggested by the author to make use of the services of investment institutions.

Korrektur
Investing in stocks and bonds is a risky adventure! This is still __ the opinion of many people nowadays. This report aims to answer the question of how to deal with securities in a professional way.
This report consists of three main sections. First, the author is going to explain the function of rating agencies. Thereafter, the report offers a detailed comparison of secured bonds and debentures and finally, the author will recommend ways for the Investmentfonds AG __ to ensure it has up-to-date information on stock and bond developments.

First of all, the author would like to eliminate the clichè that securities like stocks and bonds are linked directly to a high risk of losing money.
As a matter of fact, various kinds of bonds exist and they differ in the grade of risk. Bonds therefore are perfect securities for individuals and organizations with different risk acumen.

Additionally, there exist different ways to clarify risks of stocks and bonds before investing money. Rating agencies __ like Moody’s and Standard & Poor’s, for example, aim to ensure safety in dealings with securities. By definition, the function of “rating agencies” according to Ebert/Griffin is to measure default risks. The agencies rate the risk of possible missed promised payments and therefore offer stockholders the possibility of analyzing the risk of their investments.
Bonds are securities through wich an issuer promises to pay the buyer a certain amount of money by a specific future date and differ in terms of maturity, dates, tax status and level of risk.
In the following, the author is going to explain the difference between secured and unsecured bonds.
According to Ebert/Griffin, “secured bonds” are backed by pledges of assets to the bondholders and are therefore risk reduced. Debentures, in contrast, are unsecured bonds. By definition, “unsecured bonds” are bonds for which no specific property is pledged.
Although__ unsecured bonds are much more risky than secured bonds, the high win potential leads investors to accept the challenge of losing money.

Investing money in securities like coporate bonds requires staying up-to-date on stock and bond developments. The author would like to highlight that this information could lead to the increase or loss of invested money. The most efficient solution in regards to information on stock changes is to keep an eye on the movements in the world wide web. Websites of investment institutions, for example, always offer the latest news. In addition, it is recommended to use the news of market indices. A market index reveals bull and bear market trends and therefore provides the stockholder with possible future trends. Another option might be to gather information from the Securities Exchange Commission, which is the federal agency that administers securities laws in the USA.
The above mentioned theorethical fundament concerning the difference of bonds is of high importance when considering investing in this form of securities. In conclusion, the author wants to stress that investing in shares and bonds requires special knowledge. It is obvious that the lack of knowledge could cause troubles. In regards to this, it is suggested by the author to make use of the services of investment institutions.

Gut gemacht!
1) "the author will recommend ways for the Investmentfonds AG of how to ensure": Entweder "the author will recommend ways for the Investmentfonds AG ___ to ensure..." oder "the author will recommend ways for ___ how to ensure..."

2) "with different risk acumen.": Lässig!

3) Achtung! "Losing" hat nur ein "o", nicht zwei.

4) "benötigt" ist "requires" nicht "requests"

GerhardFenkart 
Anstands-Wau-Wau
Posts: 645
(7/8/07 22:09)
Antworten

Re: old ex7
Original
Dear Mr Bum

Thank you for your inquiry of 6 July. I am taking the liberty of providing you with an explantaion about the term “corporate culture” and a brief overview of the basic concept of a SWOT analysis. Furthermore I will outline a short recommendation that has been prepared for you by our institution, how Bum Bum GmbH could more sucessfully target the pacifistic market.

Let´s start with term “corporate culture”.According to Ebert/Griffin, corporate culture are the shared experiences, stories, beliefs and norms that characterize an organisation. It is very important as this helps to define the business climate that exists within an organisation. If you know your corporate culture you are able to use it and let it work for you, as you get everyone working toward the same goals.

The letters SWOT stand for strengh, weakness, opportunities and threats. To do a SWOT analysis means to have a look at your company and on its environment. If you know the strenghs and weaknesses of your company and you identify the opportunities and threats of your environmental market it is easier for you to set up a good working strategy for your company.

Our institution has done an analysis of the Bum Bum GmbH. It carried out that Bum Bum GmbH is influenced by the corporate culture to be the most cruel weapon-manufacturer. This is a very strong and selfesteem self-conception but it is also an obstacle to your probably new, till now pacifistic customers. If you are able to change your corporate culture from battelers to the worlds best defensers, more and more people will sympathise with you.
Our SWOT analysis of your company, too, showed that your company need to open new markets. As we found out your company is only known by specialists and weapon freaks. So your opportunity to be the best producer could not help you, as your weakness is adverisment and public relations.
Therefor my suggestion for you is to boost up the money for advertisment and also get on new ways for doing your promotion.
Todays children are your next generation of buyers tomorrow. To help them to be customers of the Bum Bum GmbH would mean to let them know that weapons of the Bum Bum GmbH exist. The best way to do so is to create computerplays and let your new customers grew up with virtual weapons of your company. As most children like to play such games it is the easiest and cost effizient way to open the market of pacifistic families. To open this market it is necessary that the player of this game does not use weapons for fun, but to defens in times of terrorism. This could also help you to fix your new image as a needed help for everyones safe home.
I know that my suggestion would mean a great change in your way of business, but I think the result is worth doing it.

This brings me to the end of my letter. I hope the information provided in this letter proves useful to you. If you require further information, please do not hesitate to contact me.
Best regards,


Korrektur
Dear Mr Bum

Thank you for your inquiry of 6 July. I am taking the liberty of providing you with an explanation of the term “corporate culture” and a brief overview of the basic concept of a SWOT analysis. Furthermore, I will outline a short recommendation that has been prepared for you by our institution for how Bum Bum GmbH could more sucessfully target the pacifistic market.

Let´s start with term “corporate culture”.According to Ebert/Griffin, corporate culture consists of the shared experiences, stories, beliefs and norms that characterize an organisation. It is very important as it helps to define the business climate that exists within an organisation. If you know your corporate culture, you are able to use it and let it work for you, as you get everyone working toward the same goals.

The letters SWOT stand for strength, weakness, opportunities and threats. To carry out a SWOT analysis means to have a look at your company and at its environment. If you know the strengths and weaknesses of your company and you identify the opportunities and threats of your environmental market, it is easier for you to set up a good working strategy for your company.

Our institution has done an analysis of the Bum Bum GmbH. It showed that Bum Bum GmbH is influenced by its corporate culture to act as the most ruthless weapon-manufacturer. This is a very strong assessment, but it is also an obstacle to your targeted new, current pacifistic customers. If you are able to change your corporate culture from one that emphasizes best defense instead of attack, more and more people will sympathise with you.
Our SWOT analysis of your company, too, showed that your company needs to open new markets. As we found out, your company is only known by specialists and weapon freaks. So the fact that you are the best producer can't help you, as your weakness lies in advertisement and public relations.
Therefore my suggestion for you is to boost up the money for advertisement and also find new ways for doing your promotion.
Today's children are your next generation of buyers tomorrow. To help them to be customers of the Bum Bum GmbH would mean to let them know that weapons of the Bum Bum GmbH exist. The best way to do so is to create computergames and let your new customers grow up with virtual weapons of your company. As most children like to play such games, it is the easiest and most cost efficient way to open the market of pacifistic families. To open this market it is necessary that the player of this game does not use weapons for fun, but to defend himself in times of terrorism. This could also help you to fix your new image as a needed help for everyone's safe home.
I know that my suggestion would mean a great change in your way of business, but I think the result is worth doing it.

This brings me to the end of my letter. I hope the information provided in this letter proves useful to you. If you require further information, please do not hesitate to contact me.
Best regards,

Einige Grammatikfehler aber sehr solider Inhalt.

GerhardFenkart 
Anstands-Wau-Wau
Posts: 646
(7/8/07 22:17)
Antworten

Re: New Diploma Exam Practice Thread July 2007
Original
Dear Mr. Mair,

in response to your inquiry of 1 June 2006 I want to thank you that you chose my agency to help you understanding the differences between “insider trading” and “whistle blower”. I’m glad to give you the following advice and recommendation.

First, this letter will gives you a brief explanation about economical ethics. Thereafter the letter stresses the connection between “insider trading” and “whistle blower”. After that the letter shows you a few examples of wrong ethical behaviour. As you know, as specialist I made of lot of experiences on that. Finally the letter gives you some advice how to solve your current problem.

Ethical behaviour is a definition for what is right or wrong. It’s not the easiest to find the right ethical way in our world of hectic and pressure.

Unethical behaviour means that the behaviour of employees or employers does not conform to the social accepted norms in a company. There are a lot of unethical things people can do. Unethical behaviour means for example: sexual harassment, insider trading or rejection of minorities.

We speak about insider trading when employees abuse internal knowledge about a firm to get a personal profit. It often happens in the bank industry for example.

A whistle blower is an employee who notices a case of unethical behaviour and tells it to the supervisor. There a many reasons for being a whistle blower. Often employees want to get more attention and sometimes employees have a right feeling in ethical behaviour.

Now it’s time to give you a few examples of my experiences with unethical behaviour. When I was consultant of the “Austrian’s Volkbank” the CEO asked me for help. One of Volkbank’s employees abused the trust of his managers in a very bad way. He opened credit accounts with wrong identities and transacted the borrowed money to a Swiss account. For sure, he was the owner of this account. I suggested the CEO to introduce a new security principle to avoid such cases of criminal abuse.

When I was consultant of Voest Stahl AG the management told me that the costs of office equipment increase dramatically. They ask me how the can achieve dropping the costs of it. I recommended that they should personalize the purchasing of these materials. It was a pity to introduce new blanks and “red tapes” but in fact the costs dropped extremely.

The most important way to avoid unethical behaviour is loyalty and ethical education. It starts by the attitudes of the management and end’s by the satisfaction of each employee.

I hope the above information proves useful to you. If you have any further questions, don’t hesitate to contact me and my agency again.

Yours sincerely,


Korrektur
Dear Mr. Mair,

In response to your inquiry of 1 June 2006, I want to thank you that you chose my agency to help you understand the differences between “insider trading” and “whistle blower”. I’m glad to give you the following advice and recommendation.

First, this letter will give you a brief explanation of economic ethics. Thereafter, the letter stresses the connection between “insider trading” and “whistle blower”. After that, the letter shows you a few examples of wrong ethical behaviour. As you know, as a specialist I have gained a lot of experience in this area. Finally, the letter gives you some advice on how to solve your current problem.

Ethical behaviour is a definition for what is right or wrong. It’s not the easiest to find the right ethical course of action in our hectic world of __ pressure.

Unethical behaviour means that the behaviour of employees or employers does not conform to the socially accepted norms in a company. There are a lot of unethical things people can do. Unethical behaviour includes, for example: sexual harassment, insider trading or rejection of minorities.

We speak about insider trading when employees abuse internal knowledge about a firm to get a personal profit. It often happens in the bank industry, for example. Specifically, people use information that has not been made available to the general public yet for investment or disinvestment purposes on stock exchanges.

A whistle blower is an employee who notices a case of unethical behaviour and tells it to the supervisor or a public authority. There are many reasons for being a whistle blower. Often employees want to get more attention and sometimes employees have a good sense of ethical behaviour.

Now it’s time to give you a few examples of my experiences with unethical behaviour. When I was a consultant of the “Austrian Volkbank”, the CEO asked me for help. One of Volkbank’s employees abused the trust of his managers in a very wrongful way. He opened credit accounts with wrong identities and transacted the borrowed money to a Swiss account. __He was undoubtedly the owner of this account. I suggested for the CEO to introduce a new security principle to avoid such cases of criminal abuse.

When I was a consultant of Voest Stahl AG, the management told me that the costs of office equipment had increased dramatically. They asked me how they could reduce these costs. I recommended that they should personalize the purchasing of these materials. It was a pity that new blanks and “red tapehad to be introduced, but in fact, the costs dropped extremely.

The most important way to avoid unethical behaviour is loyalty and ethical education. It starts with the attitudes of the management and ends with the satisfaction of each employee.

I hope the above information proves useful to you. If you have any further questions, don’t hesitate to contact me and my agency again.

Yours sincerely,

Guter Inhalt!

GerhardFenkart 
Anstands-Wau-Wau
Posts: 647
(7/8/07 22:18)
Antworten

Re: EXAM
Hallo Gerhard!
ist Treffpunkt morgen 10:00 Uhr FH (HS 5) korrekt?

liebe Grüße und vielen Dank! :-)

Ja- für alle. 10 Uhr Hörsaal 5 an der FH (das mit 12-14 Uhr im Intranet ist völliger quatsch).

Drücke Euch alle die Daumen für morgen!

Sabine
Member
Posts: 1
(12/9/07 18:07)
Antworten

Re: New Diploma Exam Practice Thread July 2007
Nowadays the economy is definitely characterized by the increasing competition which every management has to face during daily business. Therefore more and more companies have to reduce costs wherever it is possible. Unfortunately these cost reductions also affect human resources and cause tensions between employers and their employees. If those cost cuttings are not prepared with consideration a strike is often a categorical response.

First, the report will give a definition of the term wildcat strike. Thereafter the author will provide readers with a broad theoretical context concerning contingent workers by highlighting the process of careful planning. Finally the text will propose some potential strategies for the management in order to deal with the unsatisfied employees.

Monika84
Member
Posts: 1
(12/10/07 16:57)
Antworten

Re: New Diploma Exam Practice Thread July 2007
According to the research conducted by the chamber of commerce an increasing amount of enterprises experience illegal action of the workforce. Sometimes the lack of adequate representing of employees leads to irreparable damages.
Therefore, the goal is to better adjust the interest of the employers with those of the employees by installing a well organized and trained labor union. A better balance of interests may lead to a higher satisfaction and motivation of employees as well as employers.
The report will consider the above issues in the following order.
Firstly, the text will provide readers with a broad theoretical context concerning wild-cat strike.Subsequently, the author will examine briefly the term contingent worker.In the following, the report concentrates on the discussion of possible reasons for why the wild cat strike occurred at the Produkt AG.

Bearbeitet von: Monika84 am: 12/11/07 17:42
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