This report will detail how the Ford VEP plan added value by satisfying the needs of the various shareholder types within the context of the 2000 market environment.
Ford plan: Value Enhancement Recognizing that firm market value is shaped by the investor's expectations of the firms' prospects, and that the market is composed of a variety of shareholders, with differing criteria of how value is derived, this report will detail how the Ford VEP plan added value by satisfying the needs of the various shareholder types within the context of the 2000 market environment. Corporate Strategy: the enhanced value for Ford Motor Company With a corporate strategy that was refocusing attention on automotive and financial services the Visteon spin-off would allow Ford to negotiate the lowest cost deals with any parts supplier, which would lead to lower costs and increased profit margins. Ford must have also recognized that the surplus $23 million of cash was reducing profitability ratios like return on assets and return on equity which in the mature and competitive automotive industry would be quite significant. Furthermore in the time period's marketplace, which was investing in high tech and the dot com's, it was unlikely that Ford could identify a significant enough sized 'project' (similar in significance to the purchases of Hertz, Jaguar, Land Rover or Volvo) which would achieve an expected rate of return of 8.4% (Table 1) and fit Ford's current strategy1. A PVGO analysis (Table 2) also shows Ford shares have a further $12.69 per share
Project Selection Methodology for Alcoa Fastening Systems
Project Selection Methodology for Alcoa Fastening Systems (PM587) By Nayan Patel Geeta Gilder James Fry Memorandum To: Joe Pleier, Manager From : Nayan Patel, Geeta Gilder and James Fry Date: March 24, 2004 Re: Proposal for Project Selection Methodology for Portfolio Management-AFS Joe, The following proposal for a Project Selection Criteria to assist in Portfolio Management of the Alcoa Fastening Systems (AFS) strategic business unit is submitted for your review and comment. This proposal represents our efforts to develop a methodology for improving the SBU's ability to manage product portfolio. Utilizing specific selection criteria and numerical models, we have developed prototype for determining the suitability of proposed products for future development and implementation into our array of product offerings. We ask for your comments and feedback on this Proposal. Industry The industry that we have developed the following project selection methodology is in the manufacturing industry. Resource allocation in a manufacturing environment is crucial to the profitability of the company due to the high overhead and expenses that are inherent within the industry. Background The name of our company is Alcoa. Alcoa is the world's leading producer of primary aluminum, fabricated aluminum, and alumina and is active in all major aspects of the industry.
In this essay, we will see how accounting ratio analysis is useful in the analysis and interpretation of financial statements.
Introduction In this essay, we will see how accounting ratio analysis is useful in the analysis and interpretation of financial statements. We shall also consider problems that are encountered when applying this technique. Accounting ratios can be used to examine various aspects of financial position and performance of a business. To start our analysis, we should know what is meant by an accounting ratio. "An accounting ratio is an arithmetic relationship between two figures in a company's balance sheet, income statement, and certain market data, often indicates something about the company's activities."( ) Ratios can be expressed in various forms, for example as a percentage, as a fraction or as a proportion. The way in which a particular ratio is presented will depend on the needs of those who will use the information. Although it is possible to calculate a large number of ratios, only a few, based on key relationships, are likely to be helpful to a user. Many ratios that could be calculated from the financial statements may not be considered because there is no clear or meaningful relationship between the items. Accounting ratio classification By calculating a relatively small number of ratios, it is often possible to build up a reasonably good picture of the position and performance of a business. Thus, it is not surprising that accounting ratio
Analyze the basic principles of portfolio theory and explain what is an efficient portfolio.
The central core of this essay is to analyze the basic principles of portfolio theory and explain what is an efficient portfolio. The founder of this modern theory is H.Markowitz, and in a few words, it deals with the creation and the management of portfolios. It is actually the way, in which an individual investor may hypothetically arrive at the maximum expected return from a varied portfolio of financial securities, which has attached to it a given level of risk. In order to make a full analysis of portfolio theory, we have to set up by uttering its assumptions. Portfolio theory that was established in the early 1950s has five basic assumptions, which are: " > Agents prefer more wealth to less. > Agents are risk-averse and require a higher expected rate or return for taking on more risk. > The rates of return follow a normal distribution. This means that the risk of an individual security can be measured by its standard deviation. > The wealth-holder cannot affect the probability distribution of the security held. > The theory considers only existing assets not new issues." (Keith Pilbean, finance & financial markets, published 1998, page 130). The return of assets on a portfolio can be observed by the next expression: N Rp=?wiE(Ri) I=1 Where we can say, that Rp is the price weighted return on a portfolio of risky assets, wi
E-commerce And M-commerce for developing countries. Differences. Usability, advantages and disadvantages for each.
Different between E-commerce an d M-commerce in Developing countries applying on Bader Al-hasse &co. Libya By Abdalla Hamed Msc Information System Libya TOPIC: E-commerce And M-commerce for developing countries. Differences. Usability, advantages and disadvantages for each. Introduction: Electronic Commerce (E-Commerce) is all about buying, selling or exchanging of products, services and information using the Internet platform and in particular the Web. E-Business, on the other hand, carries a broader definition, not just the buying and selling of goods and services, but servicing customers, collaborating with business partners, and conducting communications and transactions within and outside an organization. E-commerce is considered to be the buying and selling of information, products, and services via computer networks. Thus, a primary distinction between m-commerce and e-commerce lies in the differences between transactions and access. E-commerce is oriented toward supporting and realizing transactions. However, the wireless protocol originally designed to facilitate mobile commerce transactions (WAP) has not fulfilled its technological promise, so the most distinctive feature of m-commerce that has emerged in many of the larger mobile markets is the facilitation of enhanced information network access. The main idea of the differences between modalities is
The role of Marketing in Telstra International
The role of Marketing in Telstra International Executive Summary Telstra is Australia's largest and most efficient telecommunications company, which provides one of the best-known brands in the country. They offer a full range of services and compete in all areas of telecommunications both domestically and internationally. Telstra, originally Telecom Australia was established in 1901 by the Postmaster Generals Department to manage all domestic phone services. Telecom Australia continued to be operated by the Postmaster Generals Department until 1975 when it was created as a separate entity. In 1982 Telecom Australia became the official Telecommunications Corporation for all domestic and international telephone services. On the 1st of July 1995 Telecom Australia changed their name to Telstra for the purpose of differentiation from other global telecommunications companies. The company has been trading international since 1993. Currently Telstra operates in over 19 countries worldwide (Appendix One). Telstra's vision is to enhance its position as the leading full service telecommunications and information Service Company in Australia as well as to expand its presence internationally. Telstra recognises that Data and Internet services are the way of the future. Telstra is redefining the telecommunications industry and therefore are redefining their markets to offer a more
Ing direct
LIVERPOOL JOHN MOORES UNIVERSITY GROUP REPORT "CRITICAL EVALUATION OF ING DIRECTS IN ASPECTS OF MARKETING, OPERATION & FINANCE" MODULE NAME : INTERNATIONAL BUSINESS & TRADE MODULE CODE : BSNMIM001 SUBMISSION DATE : 24TH APRIL 2009 LECTURER NAME : MR. TIM HARRIS SUBMITTED BY GROUP "SYNERGY" STUDENT NAME KAPLAN I.D NO. FAHAD KHAN CO321978 FAWAD SARWAR BUTT C0243501 GULFAM SHAHZAD C0308961 NOMAN SHEIKH CO320501 OKECHUKWU OSUJI C0045724 KASHIF JAMIL C0312120 TABLE OF CONTENTS PAGE NO. Analysis of financial performance of ING & competitors 3-6 Marketing 7 Marketing Mix 7 Current Marketing Strategy of ING Direct: 8 Target marketing 8 Innovative promotion: 8 ING DIRECT'S Cafes: 8 Cost leadership strategy 8 Market Share expansion strategy: 9 Band Promotion/Advertising Strategy: 9 Pricing Strategy: 9 Marketing strategy of competitors 9 Operations of ING DIRECT: 0 The Operation Analysis Outline 0 ING Operation Covered by Porter Value Chain: 1 In bound logistics at ING Direct: 1 Operations 1 Outbound Logistics 1 Marketing and Sales 2 Services 2 Secondary Activities: 2 Firm Infrastructure 2 Technology Development 2 Human Resources Development 2 Procurement 2 Analysis of ING Direct value chain 2 Supply Chain Management at ING Direct 3 Operational issues at ING Direct and recommendations for improvement: 3
Financial analysis of Caltron Ltd's strengths and weaknesses.
TABLE OF CONTENTS INTRODUCTION & PURPOSE ………………………………………………………………2 SWOT ANALYSIS ……………………………………………………………………………...3 CASH FLOW STATEMENT ANALYSIS …………………………………………………….4 RATIO ANALYSIS ……………………………………………………………………………..5 LIQUIDITY ……………………………………………………………………………………..5 ASSET UTILIZATION ………………………………………………………………………...6 DEBT UTILIZATION….…………………………………………………………………….....7 PROFITABILITY …………………………………………………………………………........8 CONCLUSIONS & RECOMMENDATION………………………………...……….…….....9 APPENDIX A …………………………………………………………………………………..12 APPENDIX B ………………………………………………………………………………......13 INTRODUCTION Caltron Ltd was founded by Jenny Jones in 1971. The primary objective of the company was to supply calculators to the business and
Business Plan.
BUSINESS PLAN NAME ADDRESS SUMMARY CONTENTS Business and objectives 2 Personnel 3 Marketing plan 4 Production plan 6 Resource requirements 6 Financial data 8 Monitoring of financial results 9 Appendix 1: sales brochures 14 Appendix 2: proprietors CVs 15 BUSINESS and OBJECTIVES NAME ADDRESS LEGAL STATUS BUSINESS START DATE MISSION STATEMENT SHORT-TERM OBJECTIVES LONG-TERM OBJECTIVES PERSONNEL Key Personnel Name Age Qualifications Position Annual Salary * CVs attached Other personnel MARKETING PLAN Product Say here what your product is Give details of flavours, fragrances, and shapes etc - general specifications What the prices are The product specifications and price have bee arrive at following market research Say where and how you researched the market Questionnaires sent to???? A copy of the sales brochure, etc is in appendix 1 The Market Who are the customers? What sales do you expect? Where will you sell? What market % do you expect? The Competition Who are the nearest competitors? What do they have - good points - bad points What do you have that they don't (competitive advantage?) We are a small company which means we are able to offer a more 'personal' service to our customers. Promotion Promotion is by way of Monthly advertising in the hi-fi
Business Plan
Business Plan Year One When the business has been running for one year, we hope that we will be able to pay all the workers pay including a small salary for us, and to have broken even. Therefore we can the make profit from here onwards. I have calculated that if we sell 1000 flat packed furniture we will have made enough money to carry out all are aims. Any money left over from good sales will be halved. One half being put into a bank, ready for investment in further years. The second half will be used to make the company better know to create more sales, for example a advertisement for the television and/or a billboard campaign. Year Two We hope to sell more of our product than last year, because the company will be recognised in a wider area. We hope this will lead to sales of about 1700. This will then give us profit of £14,000 working on the average price of £20 per item of furniture. This £14,000 will be but into a bank or building society depending on which will give use the most reward at the time. This money will be saved up unless it is needed to pay losses. This should give a bit of a cushion to fall back onto is there is an economic slow down. If we sell more furniture than expected it will again be halved, with one half used to give a bonus to the workers to keep them happy and working hard. The other half will go into expanding. We could open another