Strategic Management. 24 November Examination Paper. Time: 2 hours

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Strategic Management. 24 November Examination Paper. Time: 2 hours"

Transcription

1 Strategic Management 24 November 2015 Examination Paper Answer any THREE (3) questions. Clearly cross out surplus answers. Failure to do this will result in only the first THREE (3) answers being marked. Time: 2 hours The maximum mark for this paper is 0. Any reference material brought into the examination room must be handed to the invigilator before the start of the examination.

2 Case study The questions are based around the following case study. You should base your answers upon the information in the case study. Case study Victorinox Victorinox was established in 1884 in Ibach, a town in Switzerland, and for many years was a producer of cutlery. It also produced a penknife for officers in the Swiss army, and it was this item that became the basis of the international expansion of the business after This international expansion started with American soldiers in Europe at the end of the Second World War buying them to take home as gifts. The Swiss Army knife is actually a multi-purpose gadget that includes one or two knife blades, but also typically includes screwdrivers, scissors, a bottle opener, a can opener, a file and potentially a large range of other items all of which fold up into a compact unit to put in a pocket or bag. The company now produces over 350 versions of these Swiss Army knives, ranging from small versions with just a short blade and a pair of scissors, through to larger versions with many additional functions including, for example, pliers, a wood saw, corkscrew and magnifying glass. Most of the Swiss Army knives are produced with red sides and a metallic cross, reminiscent of the Swiss national flag, although other colours and patterns are available. Although the Swiss Army knives have traditionally been associated with outdoor activities, there are models for a range of different markets, and include versions incorporating USB memory sticks, LED flashlights, pens, etc. Many of the Swiss Army knives are bought as gifts for others, rather than people buying them for themselves. All of the Swiss Army knives are made at the company s modern and efficient plant in Ibach, with the company producing up to 60,000 of the knives each day and employing around 1,000 staff. The company is run by a family foundation, where none of the family members can sell their shares. Although Victorinox is a well-known brand, the company faces competition. Until ten years ago, Swiss Army knives were also made by another Swiss company Wenger but Victorinox acquired that company in A significant number of other companies around the world produce similar knives usually cheaper versions of the more popular models. Several other companies produce multi-function gadgets with a different design, the most notable being Leatherman of the US. Victorinox also suffers from a lot of counterfeit production; producers in low-cost countries producing copies of Victorinox knives, with them then being sold as genuine. As a consequence, Victorinox only sell their products through authorised distributors, and through their own single-brand stores in locations around the world. The Victorinox Swiss Army knives are generally regarded as being the highest-quality of their type. Page 2 of 6

3 The company s progress has not always been smooth. Its greatest commercial challenge came after the terrorist attacks on the US on September After those attacks, airline security was tightened which included not allowing passengers to take knives on board. Up to that point, a major outlet for its Swiss Army knives were airport stores, and within a few months its sales had fallen by 30%. The majority of companies in that position would have cut staff numbers, but the company has not imposed redundancies in over 80 years and maintained this, despite the downturn. A commentator said of Carl Elsener, the member of the family that ran the business for over 50 years until 2007: The most important thing for him was to be able to look after his employees, and he has passed that outlook onto the next generation. Another indication of the attitudes within the organisation is that no-one earns more than 5 times the average wage in the company. Instead of imposing redundancies in 2001, shift times were cut, overtime cancelled, and employees lent to other companies in the area. In addition, the company set about developing other sources of income; now, Victorinox not only makes the Swiss Army knives, it also sells items in 5 other product groups, including: household and professional knives (e.g. for chefs), watches, a range of travel gear (luggage, bags, rucksacks etc.), a range of clothing, and fragrances for both men and women. The household and professional knives, watches, and fragrances are all made in Switzerland, but the travel gear and clothing is made in other countries. As a consequence of producing most of its products in Switzerland, Victorinox suffers from high costs. In addition, the company is heavily influenced by volatility in exchange rates, with a notable example being the increase in the value of the Swiss Franc by over 20% in just one day in January Page 3 of 6

4 Answer any THREE (3) questions Question 1 a) Discuss how the nature of the business environment facing an organisation is likely to influence the balance of the intended and emergent approaches to strategy formation. b) Evaluate how the size, and type (private sector, public sector, not-for-profit) is likely to influence the balance of intended and emergent approaches to strategy formation in organisations. c) Critically assess to what extent has there been a combination of intended and emergent approaches to strategy formation at Victorinox. 13 Question 2 a) Assess the likely benefits to an organisation, of undertaking an analysis of its business environment. b) Propose THREE (3) analytical frameworks for undertaking an analysis of an organisation s business environment, and what would be the specific purpose of each one? 8 15 c) Making use of appropriate analytical frameworks, identify and justify what you consider to be the FIVE (5) most important issues facing Victorinox arising from its business environment. Page 4 of 6

5 Question 3 a) Explain FOUR (4) benefits to an organisation of gaining an understanding of its strategic capability. b) Briefly outline the concepts and frameworks you would use to gain an understanding of the strategic capability of an organisation such as Victorinox, and explain why you would use them. c) Identify and justify what you consider to be the THREE (3) major elements of strategic capability that Victorinox possesses Question 4 a) Identify and explain the FOUR (4) alternative strategic directions for achieving growth included within the Ansoff matrix. b) Briefly identify and explain the major benefits, and risks, associated with each of the four alternative directions within the Ansoff matrix. c) Discuss the four alternative strategic directions and identify which Victorinox appears to have pursued, and explain whether or not you believe each was appropriate Page 5 of 6

6 Question 5 a) Identify and explain the main features of the stance towards ethics and corporate social responsibility being taken by Victorinox. 5 b) What are likely to be the major benefits, and costs, to Victorinox of its stance towards business ethics and corporate social responsibility, and why? 12 c) Identify what you consider to be Victorinox s FOUR (4) most important stakeholders, and justify why you consider them to be the most important. What do each of these stakeholders want? How much power over the future strategic direction are these stakeholders likely to have, and why? 16 End of paper Page 6 of 6

Swiss Army Knife Owner Manual

Swiss Army Knife Owner Manual Swiss Army Knife Owner Manual Swiss Army Knives. Victorinox Swiss Army Knives; Translucent Knives; Sports Knives; Pouches; You can easily clean your Swiss Army Knife with only warm water and soap. The

More information

SAFETY, SUSTAINABILITY & CORPORATE SOCIAL

SAFETY, SUSTAINABILITY & CORPORATE SOCIAL SAFETY, SUSTAINABILITY & CORPORATE SOCIAL H HOTELS COLLECTION KIOTARI 85109, RHODES - GREECE RESPONSIBILITY Rhodes, 2016 A] Environmental Awareness WORLD ENVIRONMENT DAY JUNE 5, 2016 LOCAL BEACH CLEAN-UP

More information

WHITTLING CHIP CLASS I. Session 1

WHITTLING CHIP CLASS I. Session 1 WHITTLING CHIP CLASS I. Session 1 A. Overview 1. Review today s session. 2. Review the next two sessions. B. Whittling Chip card 1. Show Whittling Chip card and pass it around. 2. Explain what the card

More information

Cusco s ambulantes & the heart of public life: Plaza de Armas

Cusco s ambulantes & the heart of public life: Plaza de Armas Informal vendors and the Public Realm Cusco s ambulantes & the heart of public life: Plaza de Armas International Experience Award School of Urban and Regional Planning Queen s University Danais Ponce

More information

Sustainable Rural Tourism

Sustainable Rural Tourism Sustainable Rural Tourism Tourism: its nature and potential Tourism = multifaceted economic activity + strong social element Definition of tourism by the World Tourism Organisation (WTO): tourism comprises

More information

London s Air Ambulance: telling the right story

London s Air Ambulance: telling the right story DBA Design Effectiveness Awards 2017 London s Air Ambulance: telling the right story Category: design for society For publication Industry sector Charity not for profit Client company London s Air Ambulance

More information

MAXIMUM LEVELS OF AVIATION TERMINAL SERVICE CHARGES that may be imposed by the Irish Aviation Authority ISSUE PAPER CP3/2010 COMMENTS OF AER LINGUS

MAXIMUM LEVELS OF AVIATION TERMINAL SERVICE CHARGES that may be imposed by the Irish Aviation Authority ISSUE PAPER CP3/2010 COMMENTS OF AER LINGUS MAXIMUM LEVELS OF AVIATION TERMINAL SERVICE CHARGES that may be imposed by the Irish Aviation Authority ISSUE PAPER CP3/2010 COMMENTS OF AER LINGUS 1. Introduction A safe, reliable and efficient terminal

More information

Consultation on air display and low flying permission charges

Consultation on air display and low flying permission charges CAA statutory charges 2016-17 Consultation on air display and low flying permission charges CAA Response Document CAP 1388 Contents Published by the Civil Aviation Authority, 2016 Civil Aviation Authority,

More information

STRATEGIC INVESTMENT IN MANCHESTER AIRPORT

STRATEGIC INVESTMENT IN MANCHESTER AIRPORT Report To: EXECUTIVE CABINET Date: 7 February 2018 Cabinet Deputy/Reporting Officer: Subject: Report Summary: Cllr Bill Fairfoull Executive Member (Finance & Performance) Tom Wilkinson, Assistant Director

More information

CRUISE TOURISM S CONTRIBUTION TO THE NEW ZEALAND ECONOMY 2017

CRUISE TOURISM S CONTRIBUTION TO THE NEW ZEALAND ECONOMY 2017 CRUISE TOURISM S CONTRIBUTION TO THE NEW ZEALAND ECONOMY 2017 21 August 2017 CRUISE TOURISM S CONTRIBUTION TO THE NEW ZEALAND ECONOMY 2017 Prepared for New Zealand Cruise Association Document reference:

More information

MASTER PLAN UPDATE Toronto Pearson International Airport. City of Toronto Planning and Growth Management Committee September 5, 2007

MASTER PLAN UPDATE Toronto Pearson International Airport. City of Toronto Planning and Growth Management Committee September 5, 2007 MASTER PLAN UPDATE Toronto Pearson International Airport City of Toronto Planning and Growth Management Committee September 5, 2007 Connecting Toronto 59 non-stop International destinations 8.5 million

More information

Export Subsidies in High-Tech Industries. December 1, 2016

Export Subsidies in High-Tech Industries. December 1, 2016 Export Subsidies in High-Tech Industries December 1, 2016 Subsidies to commercial aircraft In the large passenger aircraft market, there are two large firms: Boeing in the U.S. (which merged with McDonnell-Douglas

More information

CRITICAL FACTORS FOR THE DEVELOPMENT OF AIRPORT CITIES. Mauro Peneda, Prof. Rosário Macário AIRDEV Seminar IST, 20 October 2011

CRITICAL FACTORS FOR THE DEVELOPMENT OF AIRPORT CITIES. Mauro Peneda, Prof. Rosário Macário AIRDEV Seminar IST, 20 October 2011 CRITICAL FACTORS FOR THE DEVELOPMENT OF AIRPORT CITIES Mauro Peneda, Prof. Rosário Macário AIRDEV Seminar IST, 20 October 2011 Introduction Airports are becoming new dynamic centres of economic activity.

More information

Ryannair Holdings plc. Sample 8

Ryannair Holdings plc. Sample 8 GCE Business Studies Aer Lingus plc Ryannair Sample 8 GCE Business Study the information below and answer the questions that follow. The following are two public limited companies that operate within the

More information

VIETNAM. Initiative 1 Community-Based Poverty Reduction Tourism Program. Community-Based Poverty Reduction Tourism Program

VIETNAM. Initiative 1 Community-Based Poverty Reduction Tourism Program. Community-Based Poverty Reduction Tourism Program vietnam 9 CHAPTER 110 BEST PRACTICES IN SUSTAINABLE TOURISM MANAGEMENT VIETNAM Initiative 1 Community-Based Poverty Reduction Tourism Program 1.0 GENERAL INFORMATION Official Name of Best Practice Initiative

More information

The Mighty Wire Jack. Glen Davis

The Mighty Wire Jack. Glen Davis The Mighty Wire Jack Glen Davis Updated 11/2/2003 Twenty years or so ago I found my first wire jack knife. At that time I wasn't really sure what it was, but I liked it so I bought it for my knife collection.

More information

GUIDE MOROCCO 12 DAYS SUMMER 2019

GUIDE MOROCCO 12 DAYS SUMMER 2019 GUIDE MOROCCO SUMMER 2019 12 DAYS WHERE ARE YOU GOING? MOROCCO Discover the blazing colours and enticing aromas of Marrakech; a crossroads for travellers and traders for centuries where souks and bazaars

More information

FASHION PARK OUTLET YOUR BUSINESS PARTNER

FASHION PARK OUTLET YOUR BUSINESS PARTNER FASHION PARK OUTLET YOUR BUSINESS PARTNER Why Serbia? With 9.5 milion inhabitants it is the largest market in the Balkan region, strategically located between Western and Eastern Europe. With an average

More information

International Civil Aviation Organization WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING. Montréal, 18 to 22 March 2013

International Civil Aviation Organization WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING. Montréal, 18 to 22 March 2013 International Civil Aviation Organization WORKING PAPER 5/3/13 English only WORLDWIDE AIR TRANSPORT CONFERENCE (ATCONF) SIXTH MEETING Montréal, 18 to 22 March 2013 Agenda Item 2: Examination of key issues

More information

Fairmas Hotel Report SEPTEMBER 2017 EDITION PERFORMANCE ANALYSIS: AUGUST 2017 IN SOME IMPORTANT GERMAN DESTINATIONS AND A VIEW

Fairmas Hotel Report SEPTEMBER 2017 EDITION PERFORMANCE ANALYSIS: AUGUST 2017 IN SOME IMPORTANT GERMAN DESTINATIONS AND A VIEW Fairmas Hotel Report SEPTEMBER 2017 EDITION PERFORMANCE ANALYSIS: AUGUST 2017 IN SOME IMPORTANT GERMAN DESTINATIONS AND A VIEW OF THE NEXT THREE MONTHS INFINITY - fotolia.com August 2017 Pleased with growth

More information

Unit 1-Understanding Travel and Tourism Lesson#1

Unit 1-Understanding Travel and Tourism Lesson#1 Focus Questions Unit 1-Understanding Travel and Tourism Lesson#1 What is travel and tourism? Why do people travel? What are some issues that arise from the desire of people for travel experiences? What

More information

hotels our business & passion

hotels our business & passion hotels our business & passion ABOUT US Herbert Mascha ME Martin Schaffer MRP hotels supports owners, investors, developers, banks and hotel operators with a comprehensive range of consulting services for

More information

The Worldly Gourmet Kitchen Store

The Worldly Gourmet Kitchen Store SWISS ARMY KNIVES 2017 MAKERS OF THE ORIGINAL SWISS ARMY KNIFE ESTABLISHED 1884 e St or he n Ibach-Schwyz et K itc Victorinox 1884-2017; More than 130 Years of Experience and Swiss Tradition ou r m The

More information

HIGH-END ECOTOURISM AS A SUSTAINABLE LAND USE OPTION IN RURAL AFRICA:

HIGH-END ECOTOURISM AS A SUSTAINABLE LAND USE OPTION IN RURAL AFRICA: HIGH-END ECOTOURISM AS A SUSTAINABLE LAND USE OPTION IN RURAL AFRICA: THE ROLE OF EMPLOYMENT IN POVERTY REDUCTION & SOCIAL WELFARE Sue Snyman, March 2011 sues@wilderness.co.za INTRODUCTION Rural Communities

More information

One Company. One AECOM. Day One. May 4.

One Company. One AECOM. Day One. May 4. One Company. One AECOM. Day One. May 4. Contents Page 1. Welcome to AECOM Page 2. Day One checklist Page 3. What changes from May 4? Page 4. Talking points Page 6. Design guidelines Page 7. A Z of AECOM

More information

Tourist Traffic in the City of Rijeka For the Period Between 2004 and 2014

Tourist Traffic in the City of Rijeka For the Period Between 2004 and 2014 Tourist Traffic in the City of Rijeka For the Period Between 2004 and 2014 Rijeka, February 2015. Table of Contents Pg No. 1. Introduction 3 2. Physical indicators on an annual level 4 2.1. Structure and

More information

Mar-16. Apr-16. Travel is expected to grow over the coming 6 months; at a slower rate

Mar-16. Apr-16. Travel is expected to grow over the coming 6 months; at a slower rate Analysis provided by TRAVEL TRENDS INDE MARCH 2017 CTI reading of.8 in March 2017 shows that travel to and within the U.S. grew by 3.6% from March 2016 to March 2017. LTI predicts overall positive travel

More information

Corporate Gifts. Swiss Made. Watches 2017

Corporate Gifts. Swiss Made. Watches 2017 Corporate Gifts Swiss Made Watches 2017 About the Brand Wenger Founded as a knife factory in 1893 in Courtételle, a small place near Delémont in the Swiss Jura region. Wenger can look back on a history

More information

TECHNOLOGY & ACCESSORIES

TECHNOLOGY & ACCESSORIES 2017 TECHNOLOGY & ACCESSORIES PORTABLE POWER BANKS PORTABLE POWER BANKS DUO POWER BANK 2600 mah RAY POWER BANK 4000 mah Material: ABS + polycarbonate Dim.: 125.8x64.8x9.6 mm Input: DC5V/1A Output: DC5V/1A

More information

Part 141. Aviation Training Organisations Certification. CAA Consolidation. 10 March Published by the Civil Aviation Authority of New Zealand

Part 141. Aviation Training Organisations Certification. CAA Consolidation. 10 March Published by the Civil Aviation Authority of New Zealand Part 141 CAA Consolidation 10 March 2017 Aviation Training Organisations Certification Published by the Civil Aviation Authority of New Zealand DESCRIPTION Part 141 prescribes rules governing the certification

More information

Dear Parents and Scout Leaders,

Dear Parents and Scout Leaders, Dear Parents and Scout Leaders, Thank you for choosing Camp Napowan for your Summer Camp experience. We guarantee that your scouts will have the adventure of a life time! Your scout(s) will be submerged

More information

BUILDING A BANNER STAND & STANDARD

BUILDING A BANNER STAND & STANDARD BUILDING A BANNER STAND & STANDARD These instructions are for a simple, inexpensive, and portable banner stand and standard. More attractive stands can be made from hardwoods. The taller the banner, the

More information

Launch of IPO of Aéroports de Paris

Launch of IPO of Aéroports de Paris Launch of IPO of Aéroports de Paris Paris, 31 May 2006 Aéroports de Paris today announced the launch of its initial public share offering on Eurolist by Euronext Paris SA, representing the opening of its

More information

Kroll Bond Rating Agency, Inc.

Kroll Bond Rating Agency, Inc. Kroll Bond Rating Agency, Inc. U.S Airports Harvey Zachem Senior Director September 7, 2014 KBRA Airport Rating Methodology Kroll Bond Rating Agency (KBRA) published its General Airport Revenue Bond (GARB)

More information

AIRBERLIN SUPERSELLER FAQS

AIRBERLIN SUPERSELLER FAQS AIRBERLIN SUPERSELLER FAQS Any questions? We have the answers. WHAT ARE THE ADVANTAGES OF AIRBERLIN SUPERSELLER? The program has many advantages. Participating travel agencies and selected employees at

More information

5. Corrosion resistance The more finely the surface of the blade is ground or polished, the more resistant to rust it will be.

5. Corrosion resistance The more finely the surface of the blade is ground or polished, the more resistant to rust it will be. Knives: Quality How to recognize a good knife? At first glance it is difficult to distinguish a high-quality knife from an inferior one. The essential characteristics are revealed only in regular use.

More information

P R E S S I N F O R M A T I O N

P R E S S I N F O R M A T I O N P R E S S I N F O R M A T I O N Result for the 2012/2013 business year (1 April 2012 to 31 March 2013). Sales and earnings considerably improved. New customers acquired by all divisions and across all

More information

SOCIAL ENTERPRISE IN EDINBURGH: PEOPLE, PROFIT AND PLACE

SOCIAL ENTERPRISE IN EDINBURGH: PEOPLE, PROFIT AND PLACE SOCIAL ENTERPRISE IN EDINBURGH: PEOPLE, PROFIT AND PLACE Introduction Edinburgh is a leading centre for social enterprise and home to some high profile organisations in the sector. With over 70 members,

More information

Qantas Premier Credit Card Rewards Terms and Conditions

Qantas Premier Credit Card Rewards Terms and Conditions Qantas Premier Credit Card Rewards Terms and Conditions November 2017 Qantas Premier Platinum Credit Card Qantas Premier Everyday Credit Card TABLE OF CONTENTS PAGE 1. Meaning of Words 3 2. Participation

More information

TUI GROUP INVESTOR PRESENTATION

TUI GROUP INVESTOR PRESENTATION TUI GROUP INVESTOR PRESENTATION German Investment Conference UniCredit / Kepler Munich, 26-27 September 2012 Future-related statements This presentation contains a number of statements related to the future

More information

The Competitiveness of Iceland as a Destination for Tourists

The Competitiveness of Iceland as a Destination for Tourists The European Institute of Retailing and Services Studies Recent Advances in Retailing and Service Science July 9-12, 2012 The Competitiveness of Iceland as a Destination for Tourists Authors: Fridrik Eysteinsson,

More information

Map British Airways stakeholders. [Writer s Name] [Institute s Name]

Map British Airways stakeholders. [Writer s Name] [Institute s Name] 1 Topic: Map British Airways stakeholders Paper Type: Essay Word Count: 900 words Pages: 4 pages Referencing Style: Harvard Education Level: Graduation Map British Airways stakeholders [Writer s Name]

More information

De luchtvaart in het EU-emissiehandelssysteem. Summary

De luchtvaart in het EU-emissiehandelssysteem. Summary Summary On 1 January 2012 the aviation industry was brought within the European Emissions Trading Scheme (EU ETS) and must now purchase emission allowances for some of its CO 2 emissions. At a price of

More information

Open University of Mauritius

Open University of Mauritius Open University of Mauritius Master of Business Administration EXAMINATIONS FOR: December 2013 - Semester 1 MODULE: DURATION: READING TIME: Marketing Management [C8] 3 HOURS 15 Minutes INSTRUCTIONS TO

More information

Freshwater Neighbourhood Plan Examination Reply to request for further information and questions from the Examiner to the Parish Council and IWC

Freshwater Neighbourhood Plan Examination Reply to request for further information and questions from the Examiner to the Parish Council and IWC Freshwater Neighbourhood Plan Examination Reply to request for further information and questions from the Examiner to the Parish Council and IWC 1. Please would IWC confirm the date the Plan area was designated.

More information

2018 Partnership Opportunities

2018 Partnership Opportunities Partnership Opportunities ACTIVITY DATE ISLANDS DESCRIPTION COST TRADE FAMILIARTIZATION TRIPS (FAMS) UK & Ireland product manager FAM Germany & Switzerland product manager FAM Sept April/May O ahu Maui

More information

RV Parking Rights Hand Book

RV Parking Rights Hand Book RV Parking Rights Hand Book http://www.goodsamclub.com Residential RV parking rights are under attack in a growing number of communities across America. And more often than not, RV owners find the task

More information

SERVICE AGREEMENT. The Parties agree as follows: 1. SERVICE AGREEMENT:

SERVICE AGREEMENT. The Parties agree as follows: 1. SERVICE AGREEMENT: SERVICE AGREEMENT This Service Agreement (the Service Agreement ) is effective as of the date of purchase of the baggage tracking service product offered by Blue Ribbon Bags, LLC ( Provider ) by, or on

More information

UBS 14 th Global Emerging Markets Conference. New York, November 2016

UBS 14 th Global Emerging Markets Conference. New York, November 2016 UBS 14 th Global Emerging Markets Conference New York, November 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating

More information

Schiphol Group. Annual Report

Schiphol Group. Annual Report Schiphol Group Annual Report 2013 Business model Business model Schiphol Group distinguishes four core activities: Aviation, Consumer Products and Services, Real Estate, and Alliances and Participations.

More information

Wenger History. Over 100 Years of Quality:

Wenger History. Over 100 Years of Quality: 00/003 Wenger History Over 00 Years of Quality: It dates back to 88 when the Swiss Army decided to equip every soldier with a regulation single blade folding knife. In 88 a new rifle was introduced. To

More information

Emergency & Disaster Preparedness Part 3: 72-Hour Survival Kit

Emergency & Disaster Preparedness Part 3: 72-Hour Survival Kit Emergency & Disaster Preparedness Part 3: 72-Hour Survival Kit Why Emergency Preparedness? Natural Disasters Tornados Snow storms Floods Accidents Train carrying toxic chemicals derails Terrorists Attacks

More information

Economic Impact of Tourism in South Dakota, December 2017

Economic Impact of Tourism in South Dakota, December 2017 Economic Impact of Tourism in South Dakota, 2017 December 2017 1) Key findings 1) Growth continues in 2017 but pales against the event driven years of 2015 and 2016 in South Dakota Key facts about South

More information

Output volume and order backlog at record levels Renewed significant increases in net profit and operating profit Dividend bonus announced

Output volume and order backlog at record levels Renewed significant increases in net profit and operating profit Dividend bonus announced Bilfinger Berger AG Carl-Reiss-Platz 1-5 68165 Mannheim Germany www.bilfingerberger.com Contact: Sascha Bamberger Phone: +49 6 21/4 59-24 55 Fax: +49 6 21/4 59-25 00 E-mail: sbam@bilfinger.de Date: February

More information

US Spa Industry Study

US Spa Industry Study University of Massachusetts Amherst ScholarWorks@UMass Amherst Tourism Travel and Research Association: Advancing Tourism Research Globally 2014 Marketing Outlook Forum - Outlook for 2015 US Spa Industry

More information

For personal use only

For personal use only HELLOWORLD ANNOUNCES RESULTS FOR THE YEAR ENDED 30 JUNE 2014 HIGHLIGHTS Total Transaction Value (TTV) of $4.9 billion Adjusted EBITDAI (1) of $40.6 million Loss before tax of $61.2 million includes the

More information

Recent EconomicTrends

Recent EconomicTrends Recent EconomicTrends in South Florida by REINHOLD P. WOLFF* OR THE LAST FIFTY YEARS the history of South Florida hlas been closely connected with the history of transportation in the United States. The

More information

,India MRO Aerospace & Defence Conference 2016

,India MRO Aerospace & Defence Conference 2016 2016 I n d i a s o n l y M R O Fo r u m Date : December 12 & 13, 2016 Venue : Pride Plaza, Aerocity, New Delhi,India MRO Aerospace & Defence Conference 2016 Background Note Supported by Association Partner

More information

Identifying and Utilizing Precursors

Identifying and Utilizing Precursors Flight Safety Foundation European Aviation Safety Seminar Lisbon March 15-17 / 2010 Presented by Michel TREMAUD ( retired, Airbus / Aerotour / Air Martinique, Bureau Veritas ) Identifying and Utilizing

More information

1. Use a rain cover for your backpack

1. Use a rain cover for your backpack Hiking in the rain isn t everyone s cup of tea but I reckon it can actually be pretty fun. For a start, if you re on a track that takes you to a beautiful waterfall, then obviously it s going to be best

More information

Unclaimed Property Program Holder Reporting Overview

Unclaimed Property Program Holder Reporting Overview Unclaimed Property Program Holder Reporting Overview Overview Introduction What is Unclaimed Property? Common Definitions History of Unclaimed Property Law Results of the Program Holder Obligations Reporting

More information

Watches. Trade Catalogue Victorinox Swiss Army SA Route de Bâle 63 CH Delémont - Switzerland

Watches. Trade Catalogue Victorinox Swiss Army SA Route de Bâle 63 CH Delémont - Switzerland Trade Catalogue Watches 2016 855.16 Victorinox Swiss Army SA Route de Bâle 63 CH - 2800 Delémont - Switzerland +41 (0) 32 421 3900 info.wenger@victorinox.com www.wenger.ch Summary Classic Urban Classic

More information

Rushmoor Local Plan 6 July 2017 Louise Piper Planning Policy & Conservation Manager Richard Ward Environment & Airport Monitoring Officer

Rushmoor Local Plan 6 July 2017 Louise Piper Planning Policy & Conservation Manager Richard Ward Environment & Airport Monitoring Officer Rushmoor Local Plan 6 July 2017 Louise Piper Planning Policy & Conservation Manager Richard Ward Environment & Airport Monitoring Officer Today s presentation What is the Development Plan for Rushmoor

More information

Hotels SPECIALIST HOTEL SERVICES

Hotels SPECIALIST HOTEL SERVICES SPECIALIST HOTEL SERVICES Definition of a Mandala: An organisation or design built around a focusing point where the whole is substantially greater than the sum of the component parts. Alternative Definition:

More information

Presentation by John Brennan, Car Parks Manager, Dublin Airport

Presentation by John Brennan, Car Parks Manager, Dublin Airport Presentation by John Brennan, Car Parks Manager, Dublin Airport Car Parking at Dublin Airport Presentation to the Irish Parking Association by John Brennan Car Parks Manager, Dublin Airport November 2007

More information

TravelWatch- ISLE OF MAN

TravelWatch- ISLE OF MAN TravelWatch- ISLE OF MAN Arrey Troailt Ellan Vannin Representing and promoting the interests of Isle of Man Passengers To:- Roger Phillips, Clerk of Tynwald. Submission from TravelWatch Isle of Man to

More information

48 Oct-15. Nov-15. Travel is expected to grow over the coming 6 months; at a slower rate

48 Oct-15. Nov-15. Travel is expected to grow over the coming 6 months; at a slower rate Analysis provided by TRAVEL TRENDS INDE OCTOBER 2016 CTI shows travel grew in October 2016. LTI predicts easing travel growth through the first four months of 2017, with some momentum sustained by domestic

More information

Trip to Germany 2017

Trip to Germany 2017 Trip to Germany 2017 Members of staff accompanying the trip Denise Micic Yvette Laderval Dan Van Grudgings Matthew Deacon Preparations for the trip Valid passport E111 card for health insurance in Germany

More information

GREAT BRITISH BLADES MANUFACTURED IN SHEFFIELD, ENGLAND

GREAT BRITISH BLADES MANUFACTURED IN SHEFFIELD, ENGLAND Jewel Blade are a world-leading manufacturer of high precision blades for industrial applications. Established for over 90 years Sell to over 52 countries worldwide Jewel are part of the W R Swann & Co

More information

Tactical Assault Ladder

Tactical Assault Ladder Tactical Assault Ladder Design Team David Calabrese, Brian Keegan, Ryan Livingston, Ben Van Selous, Robert Vinson Advisor Prof. Gregory Kowalski Email: g.kowalski@neu.edu Abstract The Tactical Assault

More information

RECORD PROFIT NPAT UP 146% NPAT (CONTINUING OPERATIONS) UP 58%

RECORD PROFIT NPAT UP 146% NPAT (CONTINUING OPERATIONS) UP 58% RECORD PROFIT NPAT UP 146% NPAT (CONTINUING OPERATIONS) UP 58% Webjet Limited today announced results for the full year to 30 June 2017. Adopting our auditor s accounting treatment for the Thomas Cook

More information

TRAVEL GUIDELINE on the reimbursement of official trips of public servants and contract staff at TU Wien (status: 28 January 2011) (online

TRAVEL GUIDELINE on the reimbursement of official trips of public servants and contract staff at TU Wien (status: 28 January 2011) (online Note: The only legally binding version of the directives and regulations of the Technische Universität Wien is the German version published in the University Gazette of TU Wien. The English version provided

More information

JANUARY 13-21, 2017 CERVINIA, ITALY SKI 2 COUNTRIES WITH ONE SKI PASS

JANUARY 13-21, 2017 CERVINIA, ITALY SKI 2 COUNTRIES WITH ONE SKI PASS JOIN THE US CHEFS SKI CLUB AND THEIR FAMILY & FRIENDS At a 4-Star hotel on a gourmet and ski adventure in Italy & Switzerland Wedel & yodel in Cervinia and Zermatt JANUARY 13-21, 2017 CERVINIA, ITALY SKI

More information

Macquarie Qantas Rewards Program. Terms and Conditions

Macquarie Qantas Rewards Program. Terms and Conditions Macquarie Qantas Rewards Program Terms and Conditions EFFECTIVE 11 MAY 2016 1 Contents 1. When do these Terms and Conditions apply to me? 1. When do these Terms and Conditions apply to me? 1 2. How does

More information

A PERSON IS KNOWN BY THE COMPANY HE KEEPS

A PERSON IS KNOWN BY THE COMPANY HE KEEPS A PERSON IS KNOWN BY THE COMPANY HE KEEPS W.R. Case & Sons pocketknives are some of the most collected in the world. Placing your name or company logo on a Case knife will transform a special gift into

More information

CHROME & ORIGINAL 24K GOLD ELEGANT GIFTS

CHROME & ORIGINAL 24K GOLD ELEGANT GIFTS CHROME & ORIGINAL 24K GOLD ELEGANT GIFTS 2 ELEGANT GIFTS CHROME & ORIGINAL 24K GOLD 1 2 3 1. WRITING SET CORDOBA GOLD: BALLPOINT PEN AND FOUNTAIN PEN material: 24K Real Gold, metal 2. WRITING SET VERAZZA

More information

Troop 55 Totin Chip Training Outline Supplies Needed:

Troop 55 Totin Chip Training Outline Supplies Needed: Troop 55 Totin Chip Training Outline Supplies Needed: Boy Scout Handbook Training Outline Totin Chip Cards Pocketknife (each scout should bring) Toothpicks & Tissue Honing Oil Sharpening Stone/Whetstone

More information

Race Date and Start Time: The Washington Crossing 15K will be held on Saturday, August 12 th, The race will begin promptly at 5:00pm.

Race Date and Start Time: The Washington Crossing 15K will be held on Saturday, August 12 th, The race will begin promptly at 5:00pm. Race Date and Start Time: The Washington Crossing 15K will be held on Saturday, August 12 th, 2017. The race will begin promptly at 5:00pm. Packet Pick-up: Packet pick-up will be held on race day, Saturday,

More information

Press Conference July, 21 st Éric TRAPPIER, Chairman & CEO

Press Conference July, 21 st Éric TRAPPIER, Chairman & CEO Press Conference July, 21 st 2016 Éric TRAPPIER, Chairman & CEO ACTIVITY and PROGRAMS General situation First half of 2016 was still marked by instability : sluggish economy of emerging countries, wait

More information

THE REAL-TIME AIRLINE TAKES FLIGHT

THE REAL-TIME AIRLINE TAKES FLIGHT THE REAL-TIME AIRLINE TAKES FLIGHT THE AIRLINE INDUSTRY HAS ALWAYS BEEN CHARACTERIZED BY HIGHLY CYCLICAL DEMAND AND LOW PROFITABILITY, STRONGLY INFLUENCED BY EXTERNAL FACTORS SUCH AS THE FUEL PRICE. In

More information

GUIDE INDIA HIMALAYAS 21 DAYS SUMMER 2019

GUIDE INDIA HIMALAYAS 21 DAYS SUMMER 2019 GUIDE INDIA HIMALAYAS SUMMER 2019 21 DAYS WHERE ARE YOU GOING? INDIA HIMALAYA No words can describe the overwhelming experience of being among the world s greatest mountains you really have to be here!

More information

Pacific Resort Hotel Group

Pacific Resort Hotel Group Pacific Resort Hotel Group a boutique hotel and resort management company which brings to the South Pacific an impressive and enviable reputation for resort design, development and management. Where it

More information

Aviation Data and Analysis Seminar February Economics of Airports and Air Navigation Services Providers

Aviation Data and Analysis Seminar February Economics of Airports and Air Navigation Services Providers Aviation Data and Analysis Seminar 20-23 February 2017 Economics of Airports and Air Navigation Services Providers 250 7000 6000 200 5000 150 4000 Growth of air transport World recession SARS Freight Tonne

More information

EU ECOLABEL LOGO GUIDELINES

EU ECOLABEL LOGO GUIDELINES EU ECOLABEL LOGO GUIDELINES Last update by the EU Ecolabel Helpdesk: October 2015 Contact... 1 Introduction... 2 The EU Ecolabel Logo... 3 The Licence Number... 5 The Optional Logo... 6 Specifications

More information

U.S. HOTEL SUPPLY GROWTH STILL IN CHECK WITH DEMAND

U.S. HOTEL SUPPLY GROWTH STILL IN CHECK WITH DEMAND MAY 2015 U.S. HOTEL SUPPLY GROWTH STILL IN CHECK WITH DEMAND Susan Furbay Vice President of Business Development HVS 369 Willis Avenue, Mineola, NY 11501, USA Years of rising average daily rates and demand,

More information

An Econometric Study of Flight Delay Causes at O Hare International Airport Nathan Daniel Boettcher, Dr. Don Thompson*

An Econometric Study of Flight Delay Causes at O Hare International Airport Nathan Daniel Boettcher, Dr. Don Thompson* An Econometric Study of Flight Delay Causes at O Hare International Airport Nathan Daniel Boettcher, Dr. Don Thompson* Abstract This study examined the relationship between sources of delay and the level

More information

Unit 2 On the Go. A: The Airport. B: The Bus Station. C: At a Hotel

Unit 2 On the Go. A: The Airport. B: The Bus Station. C: At a Hotel Unit 2 On the Go A: The Airport B: The Bus Station C: At a Hotel Aim: To learn and use new vocabulary and expressions To complete 3 Dialogues/Role Plays in total. A: The Airport 1 3 5 2 6 4 Can you match

More information

MAKERS OF THE ORIGINAL SWISS ARMY KNIFE I ESTABLISHED 1884

MAKERS OF THE ORIGINAL SWISS ARMY KNIFE I ESTABLISHED 1884 2017 CORPORATE GIFTS 2018 MAKERS OF THE ORIGINAL SWISS ARMY KNIFE I ESTABLISHED 1884 CORPORATE GIFTS 2018 1 2 VICTORINOX 1884-2018 MORE THAN 130 YEARS OF EXPERIENCE AND LIVED SWISS TRADITION A Victorinox

More information

News Release. LANXESS in top form at the Annual Stockholders Meeting 2012

News Release. LANXESS in top form at the Annual Stockholders Meeting 2012 LANXESS in top form at the Annual Stockholders Meeting 2012 Positive full-year forecast confirmed R&D spending to rise by 40 percent this year Green Mobility driving growth Cologne Specialty chemicals

More information

Gear List. Snowshoeing Day Tours and Overnight Trips

Gear List. Snowshoeing Day Tours and Overnight Trips Snowshoeing Day Tours and Overnight Trips These are our recommendations for equipment on snowshoeing trips. You might have other equipment or clothes that are equally suitable but if you re not sure about

More information

TOURISM IN WESTLAND MARCH 2012

TOURISM IN WESTLAND MARCH 2012 TOURISM IN WESTLAND MARCH 2012 Tourism in Westland The Westland District Council co-ordinated three tourism industry related meetings during February 2012. These were held in Haast, Fox Glacier and Hokitika.

More information

Wharton Ventures Tall Ship Sailing Gear List

Wharton Ventures Tall Ship Sailing Gear List Wharton Ventures Tall Ship Sailing Gear List Waterproof foul weather gear, jacket Waterproof foul weather gear, pants Rain boots Shoes, non-skid/rubber soled Should be durable and have a hood. Does not

More information

5 Demography and Economy

5 Demography and Economy 5 Demography and Economy Demography People have probably lived on Great Barrier Island (Aotea) since the 13 th century. There are few written observations about the number of Maori settled here but these

More information

PAN AM: AN AVIATION LEGEND BY BARNABY CONRAD DOWNLOAD EBOOK : PAN AM: AN AVIATION LEGEND BY BARNABY CONRAD PDF

PAN AM: AN AVIATION LEGEND BY BARNABY CONRAD DOWNLOAD EBOOK : PAN AM: AN AVIATION LEGEND BY BARNABY CONRAD PDF PAN AM: AN AVIATION LEGEND BY BARNABY CONRAD DOWNLOAD EBOOK : PAN AM: AN AVIATION LEGEND BY BARNABY CONRAD Click link bellow and free register to download ebook: PAN AM: AN AVIATION LEGEND BY BARNABY CONRAD

More information

Anti-Bribery and Corruption Policy

Anti-Bribery and Corruption Policy Anti-Bribery and Corruption Policy Newcrest strictly prohibits giving, offering or receiving bribes or other unlawful or improper payments as outlined in this Anti-Bribery and Corruption Policy. Newcrest's

More information

69 KITCHEN UTENSILS. d. KS WT/ lbs KS30. e. KS Packaging: Gift Box

69 KITCHEN UTENSILS. d. KS WT/ lbs KS30. e. KS Packaging: Gift Box d. KS30 1530 d. KS30 2 Stage Sharpener Coarse rods to restore the edge on a dull knife and fine rods to finish honing the knife. Ergonomic design for a comfort hold and rubber bottom provides grip when

More information

Number MATHEMATICS - NUMERACY UNIT 1: NON - CALCULATOR FOUNDATION TIER

Number MATHEMATICS - NUMERACY UNIT 1: NON - CALCULATOR FOUNDATION TIER Candidate Name Centre Number Candidate Number 0 GCSE MATHEMATICS - NUMERACY UNIT 1: NON - CALCULATOR FOUNDATION TIER 2 nd SPECIMEN PAPER SUMMER 2017 1 HOUR 30 MINUTES ADDITIONAL MATERIALS The use of a

More information

Orga-Line Starter Pack 1x Clingfilm holder, 1x Foil holder, 1x Knife holder, 2x Plate holder, 2x Spice Holder 330

Orga-Line Starter Pack 1x Clingfilm holder, 1x Foil holder, 1x Knife holder, 2x Plate holder, 2x Spice Holder 330 Blum Orga-Line Features: Drawer Organisation. Total non-stick interior that provides Set new outstanding standards for working performance. in your kitchen. ORGA-LINE, Heavy the guage adjustable hard inner

More information