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Short financial essay about the drugs company Ciba Geicy.
Title: Short financial essay about the drugs company Ciba Geicy.
Category: Business & Economy
Details: Words: 700 | Pages: 3.0 (approximately 235 words/page)
Short financial essay about the drugs company Ciba Geicy.
Ciba Geicy
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Ciba had strong Swiss/German roots and was a highly centralized company
with most management functions performed either at corporate headquarters
or in large country organizations. Corporate headquartersand the country
organizations had large groups that provided common services to the
operating units.
Operating units were evaluated based on direct contribution and little
effort was made to allocate centralservices costs to the various lines of
business. This organization structure provided limited line-of-business
information.
In 1983, …showed first 75 words of 700 total…
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…showed last 75 words of 700 total…financial reporting that "best represented the
"the economic picture", e.g. used current cost accounting for fixed assets,
inventories are valued at variable cost, and only operating activities are
on income statement.
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Ciba-Geigy used contribution by SBU as measure of performance.
Operating income was key measure. Used current cost accounting to value
inventories and assets. SBU's buy services from corporate if they want to,
else shop outside. Projects should be approved according to SBU risk.
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