DATE: September 23, 2015 TO: Professor Stevens FROM: Briana Nguyen SUBJECT: Groupon, Inc., and Revenue Recognition Issues PURPOSE This report will explore the accounting treatment employed by Groupon, Inc. (“Groupon”) in its revenue recognition for fiscal years 2008 through 2010 as well as the first six months of 2011. Specifically, we will review the following in regard to its initial public offering (IPO) in accordance with FASB’s Accounting Standards Codification (ASC): • Revenue recognition as a primary obligor • Revenue recognition as a principal or an agent • Revision of revenue recognition on gross basis to net basis and effect on revenue and net income BACKGROUND In November of 2008, Andrew Mason, Eric Leftkofsky, and Bradley Keywell
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Chapters Inc. is a Canadian big box bookstore banner. It was created in 1994 when their founder and CEO, Lawrence Stevenson led the buyout and merger of Coles and Smithbooks. Chapters quickly changed the face of book selling industry in Canada after the merger. They built large box stores with a much larger product and categories selection such as paper, toys and gift products rather than small book stores. This business model soon became the key factor of Chapters success: providing their customers with life-enriching products and experiences.
Goldcorp’s vision is to together create sustainable value and work together as a team to achieve goals. Problem: The main problem the company is facing is the decrease in the price of Gold which is the main contributor to the company's profit. In 2011 their sales decreased by 9% and only increased by 8%, causing a
To solve this problem, Groupon needs to redesign its merchant growth strategy. In the short term, Groupon needs to slow its
Everyone hates paying full prices activities, restaurants, shopping, and other things. Back in 2008, a University of Chicago graduate student named Andrew Mason was struggling to explore Chicago because he kept finding the same things to do since a lot of the things he wanted to do cost too much money. This led Mason, to start a website called Groupon, which will offer discounts and coupons to people that will make activities, restaurants, shopping, and other things. The goal of Groupon was to offer group coupon un deal-of-day offerings for local or national businesses. A quote that Mason said, “We think the Internet has the potential to change the way people discover and buy from local businesses.”
While many niche sites enter the market every year, most of them fail
Several lawsuits by its competitor Lego group regarding similar design of blocks has brought some bad name to the company. 6. Due to market conditions, the company lost $458 million in 2008 after 23 consecutive years of growing profits and filed bankruptcy. B. SWOT Analysis: external environment factors and marketing mix implications External Environmental Factors: Opportunities 1.
The everyday low pricing strategy works best in a broader store positioning strategy and supported with advertising. Hi-Value doesn’t need to be the lowest priced supermarket in the area for the everyday low pricing strategy to work. Lowering pricing needs to be used by all in the area or else Hi-Value will confuse our store image and positioning. Hi-Value must look at recent consumer research to see how we are positioned and how this pricing will change our image. There is potential to reduce operating costs.
Marketing Management Project PROJECT OUTLINE: Choose one company which has a turnaround in the past and one company which failed in the past. Discuss each company’s marketing strategy and reasons for their success or failure. Marketing Strategy Failure: Gap Inc. How Gap turned into Crap! What went wrong?
Why should microtransactions be regulated in paid games through the ethical lens? Microtransactions are the small purchases made inside digital games and apps, which in most cases are used to buy virtual currency to pay for good or premium content to use in the game (Duverge). The problem is that these small transactions, that are usually under $10, add up very quickly and implementing microtransactions are very easy to do for these video game companies. From the ethical lens the progressing problem of microtransactions in paid for games becoming more prevalent and need to be solved because they are ruining the long standing ethics behind the gaming industry.
Case Analysis Disruptive Business Models Markides (2006) explains that disruptive business models are strategies implemented in a company which enables it to outshine the competitors in an individual market. The disruptive model focuses on distorting the existing market and making the customers prefer the new business as opposed to the others (Magretta, 2012). Disruptive business models may include offering higher discounts, after sales services and premium products. Such a model is often sudden, and it takes over the entire market which sometimes leaves the other market players disoriented. During this time, such a company takes advantage by acquiring massive customer following and ultimately more profits.
The research paper aims to analyse the role of control process technique in regards of ASOS.com which is the UK based online fashion and beauty store. It aims to analyse the definitions of porter’s five forces, competitive strategies and information system along with their concepts and advantages and disadvantages that further analyse their role in company’s competitive advantages. Moreover, it intent to evaluate the role of manager information system, decision support system and transition system in regards of ASOS.com in order to highlight the advantages of these information system model in helping them companies achieve their targets in the competitive marketplace. Porter’s Five Forces Porter’s five forces is a management tool that organisations
INTROCUTION To translate the R2P principles to deeds will require serious commitment from all the governments who unanimously affirmed at the 2005 World Summit Outcome that “each individual State has the responsibility to protect its populations from genocide, war crimes, ethnic cleansing and crimes against humanity” (UN world summit, 2005). To relies a credible implementation, it is necessary that Paragraphs 138 and 139 of the Outcome which goes to the real issue of operationalizing the responsibility to protect (widely referred to as “R2P” in English) is sincerely adhered to by all. This brief paper will cover current R2P debate and the complex issue of implementing the R2P pillars which are: Pillar one the protection responsibilities of the State (sect. II).
Competitors may offer similar products at a cheaper price Lelong.com offers variety types of products as others competitors such as eBay, mudah.com and Amazon will also offer many choices of different brands of the same products to the customers at a cheaper price. This may invite customers in making decisions on which brand of products should buy by comparing the price of the products. 3.3 Formulating strategies After understanding the strength, weakness, opportunity and threats of Lelong.com, managers will start to formulate the strategies by considering the external and internal environment. Strategies such as corporate strategies, competitive strategies, and functional strategies are applied so that the plan can perform well.
