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Improvement Project of Science Construction CS

Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...

Improvement Project- Science Construction PLC

Abstract This paper will look at Science Construction PLC and its ability to create an improvement plan to avoid total collapse/ bankruptcy. This paper will layout the case study, what the major problem was regarding financial metrics, what alternatives or solutions could have been used and why it is important to business. Intro- Science Construction PLC (SCPLC) in as organization that supplies development, provisions financing and services to highways, roads, tunnels and viaducts within Istanbul, Ankatam, Ismir, Bursa, and Kocaeli Metro areas (Erer, 2013). During the 2008 financial crisis the organization took a downturn since many organizations stopped making progress with rebuilding their inf...

Science Construction PLC

Introduction: Science Construction PLC is a Turkish company offering end-to-end road and construction services for the public sector in Turkey. The company found itself in financial trouble due to the changing environment during the financial crisis of 2008. Turkish law allows such companies to restructure themselves to save the business and if successful the bankruptcy is being postponed for 12 months. The situation when the liabilities of the company exceed its assets is called insolvency. The circumstances when a business cannot receive enough resources to meet its obligations or to clear debts as they become overdue. Correctly named technical insolvency may happen still while the value of a company's entire assets surpasses total liabilities. Analysis: Science Construction PLC is a large company that operates solely in the public construction market, which is funded by the local authorities and state money. This sector usually provides a constant flow of work and income for con...

CASE STUDY: Blaze Manufacturing

CASE STUDY: Blaze Manufacturing Introduction Blaze Manufacturing is a textile manufacturing company based in the upstate of New York, United States. The company was founded in the early 2000s. The company specialized in the manufacturing of bedspreads and curtains for institutional customers, which includes Hotels and Hospital, and other hospitality outfits. This company operates as a job, and it does not mass produce inventory items for sale through normal retail channels. Insted the company placed its priority on producing goods to fill specific customer orders received. The company products are relatively standard layout and of high quality; bedspreads in all kinds of bed sizes, and curtains to fit various sizes of windows. According to the giving article each customer chooses the fabric, the colour and the styles that go into making the items it orders. Personalized and customized is also available for customers. Identify the problem: Define the problem in financial terms Blaze Man...

Blaze Manufacturing decision making

Introduction This paper is about the company Blaze Manufacturing which is a textile manufacturing company in New York. The company manufactures per order and does not mass produce inventory items. Joe is the president of the company, since the foundation 20 years ago. Bill is the lead salesman of the company. Wendy is a temporary controller, till the place is filled again. Bob is the plant manager of the company. Omega Consulting Partners provides consulting and management advisory services to companies, which also include Blaze manufacturing. Wendy is the financial and management consultant of Omega and temporarily functions and controller at the Blaze manufacturing company. The completion is high in the U.S., especially with foreign producers, who are excluded from many of the environmental and safety regulations which impose additional costs on domestic companies (Causseaux & Caster, 2016) . Bill recently negotiated a large order form which he thinks the company will make...

Case Study: Blaze Manufacturing

Introduction This case study is about Blaze manufacturing, a textile company operating in upstate New York. They specialized in making textile products such as bedspreads and curtains for institutional customers, primarily hotels and hospitals. In the past years, textile manufacturing companies in the U.S are faced with tough competitive pressure from foreign companies in terms of lower wages, environmental and safety regulations laws that were heavily imposed on the U.S companies by the Government (Causseaux, W. & Caster, B. 2016). These imposed regulations had significant production costs on domestic companies such as Blaze Manufacturing. In the recent past years, Blaze had managed to struggle through these tough seasons without making profits. Now due to loss of its long-standing customers to foreign competitors, Blaze managements are very concerned that they may not show a profit in the current year eithe...

Now What Do I Do with Brad and Kerry

Abstract The case of this assignment has highlighted several problems which revolve around economic recession and probability of employment loss. Retrenchment , ethical dilemmas, among many others, are revealed in the given case study of the company, with Jason as the manager, and his employees, Brad and Kerry, as the engineering officers. However, in terms of human resources, the problem identified is insufficient human labour during periods of economic recession. Introduction NewBuild is a construction and architectural design company that was founded in 1909. Like every other construction company that existed during the great world economic recession in 2008, this company experienced some economic dilemmas as the results of the 2008 global economic recession. Before this period, this company has enjoyed conservative and steady growth since its establishment. According to the given article, this company had no long-term debt and held substantial cash reserves with which to withstand ...