财务管理案例分析-英文版(doc 10页)

财务管理案例分析-英文版目录:
I、COMPANY BACKGROUHD
II、Danielle Knowles
III、THE PIZZA INDUSTRY
IV、ECONOMIC CONDITIONS
V、LAURRENTIAN’S PROJECT REVIEW PROCESS
VI、WINNIPEG PLANT’S EXPANSION OPTIONS
VII、The Proposal
VIII、THE DECISION

财务管理案例分析-英文版内容简介：
The North American economy had enjoyed strong growth since 1993, after having suffered a severe recession for the two previous years. Interest rates bottomed-out in mid-1994, after which the U.S. Federal Reserve slowly increased rates until early 1995 in an attempt to fight inflationary pressures. Nevertheless, North American inflation was expected to average 3% to 5%annually for the foreseeable future. The Bank of Canada followed the U.S. Federal Reserve’s lead and increased interest rates, in part to protect the Canadian dollar’s value relative to the value of the U.S. dollar. The result was a North American growth rate of gross domestic product that was showing signs of slowing down.
All capital projects at Laurentian were subject to review based on the company’s Capital Allocation Policy. The latest policy, which had been developed in 1989 when the company began considering factors other than simply the calculated net present value for project evaluation, was strictly enforced and managers evaluated each year partially by their division’s return on investment. The purpose of the policy was to reinforce the management philosophies by achieving certain objectives: that all projects be consistent with business strategies, support continuous improvement, consider the human resource and environmental impact, and provide a sufficient return on investment.

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