Respond to the required questions, double-spaced, APA format (source citations and reference insertions) essay (Each Question). In each Case Study, you must use at least three (3) references (in text), including the textbook (included below).
Respond to the required questions, double-spaced, APA format (source citations and reference insertions) essay (Each Question). In each Case Study, you must use at least three (3) references (in text), including the textbook (included below). Textbook reference: Berk, J. & DeMarzo, P. (2017). Corporate Finance: The Core (Fourth Edition). Boston, MA: Pearson. (This Assignment Box maybe linked to Turnitin.) 1- 150 Words: Discussion This discussion question for this module has two parts. Please follow the directions carefully to receive full credit for this assignment. Every year, Fortune magazine publishes a list of the "World's Most Admired Companies" and Barron’s magazine publishes a list of the “World's Most Respected Companies." Choose one company from the top twenty on either of these lists from the most recent year available that you also admire or respect and one company that you admire or respect little. Part 1: What criteria does the magazine use to evaluate companies for the list? Do you agree with these criteria? Why or why not? Part 2: Why do you admire the company you chose as a favorite? Why do you not respect the company you chose as not admirable? 2- 100 Words (Kelly Therrian) – Reply and Comment on the following: As (CNN, 2014) published Fortune’s Worlds Most Admired Companies, Apple ranked number 1. I respect this corporation the most. Some of the criteria to even be considered for a ranking in this popularity contest is a company’s revenue has to be in excess of $10 billion. Executives, Directors, and Analysts were asked to rate companies in their industry on criteria such as investment value and social responsibility. There are a few industries that are not included due to low response rates. I personally do not agree with this criteria. I think of this as a high school popularity contest honestly. I do not see how this has any impact on anything except executives and directors wasting time taking a meaningless survey so a magazine can publish something of zero facts for its readers that is based on opinions of people that are not even mentioned. I admire Apple because of the history of the company. They have been around since I was a child and I have used their products over the course of my entire life. There was a gap in time where the company was about to be wiped out, but the original founder brought it back to life and manifested it into what it is today with the lessons he learned from his first round of failure. Not many companies get a 2nd chance. Apple did and they became even better than they ever were. I lived in the Bay area of California for almost a decade. Apple has a huge presence along with many other big tech companies in that area. Their community responsibility cannot go unnoticed. They have given $2.5 billion dollars to help solve their states homeless crisis. Among many other community involved events. Nike, ranked at number 13 on Fortunes Worlds Most Admired Companies I respect the least. Nike, once upon a time was a great company that produced quality products. Now they have outsourced all their products for the cheapest labor to avoid taxes in the U.S. and consistently throw their advertising into controversial issues. During the 90’s, as (Picincu, 2018) describes Nike had accusations of using child labor in sweat shops for the manufacturing of its soccer balls. They have tried to rid that image by replacing the steam boilers in most of their factories. I suppose the “sweat shop” image would have been voided by doing so. As far as their recent advertising, it seems as if the company is targeting a specific audience and is instigating another on purpose. I don’t like trouble makers and instigators. I also can’t stand Kolin Kapernick. The way Nike has idolized him and help him make millions from the disturbances of social opinions I find sickening. Nike has made profits based from a social opinion of anger. I do not believe companies should engage in such hot topics as Nike has done. Stick to shoes and clothes and whatever else they make. Leave the social opinions for society to figure out. Society has enough problems to deal with. Do we really need a shoe company stirring the peripheral pot? At least Nike has let it be known which side of the arguments they stand on. In doing so, they have alienated a massive target audience for sales. If I was a shareholder, I would NOT be happy with alienating any perspective customers regardless of their personal opinions. 3- 100 Words (Amma Williams) – Reply and Comment on the following: Apple being #1 on Fortune’s list of World’s Most Admired Companies does not surprise me. Apple is dedicated to ensuring they stay ahead of their audience and continue to provide a product that is consistently competing with other products such as Samsung and LG. The executive staff at Apple understand they have manufacture products that are in high demand. While other brands may attempt to compete with the technology giant. I agree that Apple should be at the top of the list. I have several Apple products and continuously invest in their technology. In my opinion, I feel the company was deserving of the recognition. One of the things that I admire about the company is their drive to be innovative with their products. The criteria that Fortune used to evaluate was 4,170 executives, directors and securities analysts who were asked to 10 companies they admired the most. Based on these criteria they were able to compile a list and compile their list. I do agree with the criteria the magazines use to evaluate the companies. Companies who are seeking recognition and want to be considered as a leader in their industry will ensure they have their ships tightened. Being listed on these lists will boost the company’s rating amongst their audience. If they are continually on the list for a number of years in a row, this also increases the popularity of their brand. The company who made the list who I currently least admire would be Wells Fargo. There was a lot of scandal that surrounded the bank and there was no remorse in my opinion. The executives of Wells Fargo knew what was going on long before anyone else in the financial community. There was so much dishonesty, theft and lack of moral responsibility that banking giant was forced by the public to accept responsibility for their actions. In order for an informed decision to be made as to what company should make the list, the individuals involved in making the decisions must have access to documents that reflects the company’s standings. “…news reports, financial statements, corporate press releases, or in other public data sources. If the impact of this information on the firm’s future cash flows can be readily ascertained, then all investors can determine the effect of this information on the firm’s value” (p. 302). Using the information from these different sources, the audience can see the value in the companies with whom they want to invest.