The Case Analyze Pamalat

🕓 02.08.2019
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 Essay about The Case Research Pamalat

The case research " HOW A MILK SPILLED” revolves around PARMALAT, one of the biggest & most powerful companies of Italy, The case discusses the unethical concerns prevailing inside the company because the company continues to be using bogus accounting & complicated monetary systems to create a picture of financial health, deceptive investors and analysts.

The company, PARMALAT was build by Calisto Tanzi in 1960s. He inherited his family organization that was started by his grandpa, producing highly processed like expert ham, treated meat & tinned tomato plants. Tanzi has not been satisfied with basically running the family business & made a decision to explore new products & marketplaces to develop his business.

On a trip to Switzerland after realizing a ticket of milk he decided that approach to success was through milk He set up a pasteurization plant around Parma to make milk & sell inside the areas surrounding the town. In 1963, the name " Parmalat” was given to the organization & milk was also marketed within the same name. Parmalat supposed " dairy from Parma”. Parmalat was your First top quality milk to become produced in Italy & started to be highly powerful. Over the years, the company expanded operations to other locations of Italia & Parmalat soon started to be a national Brand. The splashing milk drop company logo of the firm was one of the best recognized corporate symbols & the company was standing for all that was healthy and balanced & very good. Over the years, Parmalat diversified in a variety of other products like yoghurt, veggie sauces, fresh fruit juices, baking items, soups & mineral water.

But all of the good trustworthiness of the company was until the situations of the year 2003 which turned out that lurking behind the façade of benefits & well being was a bad penchant for complicated financial structures that milked the publicly organised Parmalat group to keep the tanzi friends and family companies continue to keep running. Accounting scandals provides almost be a trend in the times. All of it started with Enron, the American energy...

Author: dancintoes18
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