Premium Essay

Amara

In:

Submitted By akamara
Words 429
Pages 2
Management in the Telestar International case gave an artificially low contract bid to get an initial government contract in the hope that they would get further government contracts in the future.

How should Telestar's management explain the plant explosion to the Department of Energy?
Should Telestar be able to retain any progress payments that they received from the government to date? Why or why not?

Post your responses to these questions to the discussion forum and then comment on at least two of your classmates' posts.

Telestar International On November 15, 1998, the Department of Energy Resources awarded Telestar a $475,000 contract for the developing and testing of two waste treatment plants. Telestar had spent the better part of the last two years developing waste treatment technology under its own R&D activities. This new contract would give Telestar the opportunity to “break into a new field”, that of waste treatment. The contract was negotiated at a firm-fixed price. Any cost overruns would have to be incurred by Telstar. The original bid was priced out at $847,000. Telestar’s management, however, wanted to win this one. The decision was made that Telstar would “buy in” at $475,000 so that they could at least get their foot into the new marketplace. The original estimate of $847,000 was very “rough” because Telestar did not have any good man-hour standards, in the area of waste treatment, on which to base their manhour projections. Corporate management was willing to spend up to $400,000 of their funds in order to compensate the bid of $475,000. By February 15, 1999, costs were increasing to such a point where overrun would be occurring well ahead of schedule. Anticipated cots to completion were now $943,000. The project manager decided to stop all activities in certain functional departments, one of which was structural analysis. The manager

Similar Documents

Premium Essay

Amara Lakhous 'Clash Of Civilizations Over An Elevator'

...In an excerpt from Amara Lakhous’ novel Clash of Civilizations Over an Elevator in Piazza Vittorio, the speaker is asked by the character Iqbal what this difference between a tolerant person and a racist. Though both provide a definition for a racist that rely on their actions, both provide conflicting reasons as to what feeling cause the racism. The speaker’s definition of a tolerant person is that they treat others with respect. This definition does not bring into account the views of the person just their actions. This being said, the difference between a racist and a tolerant does not rely on the person’s internal feelings of another person, it matters how the person chooses to express those feelings. In a similar vein Iqbal says “Racist...

Words: 325 - Pages: 2

Premium Essay

Finance

...Mining Industry ATH Resources plc ATH Resources operates surface coal mines and is one of the largest producers of coal in the UK, providing coal principally to the electricity supply industry and also the industrial and house coal markets. Throughout the development and operation of its projects, ATH focuses on the restoration and rehabilitation of the sites and land is returned to a number of uses including agriculture, forestry, nature conservation and other forms of development. ATH Resources plc was listed on the Alternative Investment Market (AIM) in June 2004. In June 2005 the Group funded two new surface sites, Grievehill and Glenmuckloch in Scotland for 18 million by way of an Open Offer to shareholders. In May 2006 the Group acquired Doncaster-based A Ogden & Sons Limited a successful coal recovery, land remediation and regeneration business with a particular focus on colliery spoil heap reclamation projects. In July 2010, the Group sold the assets of ATH Regeneration Ltd, the proceeds of which could total some £17m over a seven year period comprising £6.5m in cash on completion plus royalties. Net Working Capital It can be seen that from the year 2007 to 2009, ATH resource plc had a very bad net working capital. However, during 2010 to 2011 it was doing well and in year 2011 net working capital was 3129. This shows that they have more current assets than current liabilities. Gross Profit Margin In 2007, the Gross Profit Margin of ATH Resources is...

Words: 2216 - Pages: 9

Premium Essay

Phineus Use Of Sacrifice In Odysseus

...Nevertheless, the news of Phineus’ imprisonment had reached his beloved, Amara. Before the sun rose over the events of the night, Amara venture deep into Atrimpas’ lair, pleading to the Sea God for Phineus’ freedom. A crafty, and lonely, Atrimpas, agreed to free Phineus from his watery captivity if Amara gave him her hand in marriage. The next morning (three days before the wedding was to commence), a disheveled and fatigue Phineus woke on dry land and subsequently learn of Amara’s fate. Without hesitation and before filling his empty belly, Phineus race back into the sea alone: battling through Atrimpas’ hordes of minions, enormous waves, violent storms . . . Eventually, defeating the last earthly God, at the price of his own life, on the day of Atrimpas and Amara’s wedding. Upon his death, a freed Amara pulled her deceased lover from his watery grave; and in desperation, she wept to the God of creation to bring Phineus back to life. Believing her prayers went unanswered, Amara prepared Phineus’ body for burial, and before the ceremony begun. Amara kissed his cold lips, and from her kiss, Phineus’ eyes suddenly...

Words: 404 - Pages: 2

Premium Essay

Term Paper About Batteries

...the project to fail. For this I used concepts of project management with various methods like discovery, develop and deploy. Along with that I also discussed some techniques in managing and using the talent of the employees. As we all know clients pay key role for a project, so I also discussed some techniques in managing the client. As a final note I summarized my opinion on project failures and prevention of project failures. INTRODUCTION Amara Raja Batteries is a multi-national company located in Tirupathi, India. It was established in 1985 by Ramachandra Naidu Galla under Amara Raja Group of industries. In 1997 Amara Raja Batteries signed a joint venture with Johnson Control and developed India’s first zero maintenance automobile batteries known as Amaron batteries. This company is also famous for manufacturing many electronic products like battery chargers, Industrial batteries, digital inverters, Infra structure power, UPS. Under the name of Amara Raja Group apart from batteries they also manufacture sheet metal products, fasteners, packaged food and beverages. They have a workforce of 10,000 employees working under...

Words: 2776 - Pages: 12

Premium Essay

African Night Research Paper

...African Night Traditional Nigerian Dance The African Student Union at the University of Georgia just put on its annual Africa Night Performance. The Africa Night program was centered on a play, but included several dance performance that are traditionally danced in countries around the continent of Africa. In Africa, dance takes a central position culturally. The dances of the content typically include immense energy, with an intense rhythm. The first dance performance of the night was done to represent a traditional west African dance. There were several West African dances done throughout the performance, due to the large numbers of West Africans that are embers of the African Student Union. One of the most memorable West African dances...

Words: 448 - Pages: 2

Premium Essay

Charles and Keith

...CHARLES & KEITH is a fast fashion brand specializing in ladies footwear and accessories. It was founded in 1996 by brothers Charles and Keith Wong, under the CHARLES & KEITH Group which also owns the brands CHARLES & KEITH Signature Label and Pedro. [1] From beginnings in 1996 at a 500 square feet store in Amara Shopping Centre Singapore, CHARLES & KEITH has made significant growth over the years. Since its launch in 1996, CHARLES & KEITH has been churning out ladies accessories and footwear. To date, its retail presence spans a wide variety of countries from Asia, Middle East, Africa and Europe, [2] and its online store [3] ships to over 70 different destinations around the globe. Contents * 1 Origins and history * 2 Manufacturing and distribution * 3 Design and development * 4 Global stores * 5 Online store * 6 References * 7 External links Origins and history The first CHARLES & KEITH store was opened in 1996 in Amara Shopping Centre, Singapore. Within three years of its first store opening, CHARLES & KEITH expanded to a total of 10 stores located island-wide. Seeing the potential for further expansion, CHARLES & KEITH embarked on its venture into the international market with the first store opening in Indonesia in 1998, followed by the Philippines during 2001. [4] In 2004, CHARLES & KEITH expanded out of Asia into the Middle East when it opened a store in Dubai. [5] Since then, it continued to steadily...

Words: 653 - Pages: 3

Premium Essay

Social Determinants Of Health

...Extensive research and analysis in public health discourse have delved into the intricate interplay of various factors that impact an individual’s health. Health outcomes are influenced not only by access to healthcare services but also by a myriad of determinants operating at various levels within society, profoundly shaping outcomes. According to the World Health Organization (2019), health determinants such as social, economic, environmental, and behavioural elements all contribute to an individual’s well-being. Understanding these determinants is essential in formulating effective strategies aimed at promoting health equity and enhancing the overall health of the population. The social determinants of health significantly influence health...

Words: 254 - Pages: 2

Premium Essay

Charles & Keith

...Paris. Charles & Keith, the once-humble local shoe retailer, is now partly owned by French luxury giant Louis Vuitton Moet Hennessy (LVMH). The Wong brothers, who own the company, have sold a 20 per cent stake to L Capital Asia, the private equity arm of LVMH, for more than $30 million, sources told The Sunday Times. The deal, which values the company at close to $200 million, was completed in November after LCapital fought off a slew of rival suitors which included other private equity funds, high net worth investors and even a manufacturing firm. The feeding frenzy is testament to the growth of the local firm, which has shot to prominence since brothers Charles Wong, 37, and his brother Keith, 35, opened their first store in Amara Hotel in 1996. But the deal is more than just about the money, said the elder Mr Wong, the chief executive, confirming the deal to The Sunday Times from Shanghai, where he is now based. The younger Mr Wong is the chief operating officer and designs the shoes. It will give Charles & Keith access to the branding expertise of LVMH, owner of the world's top fashion labels including Marc Jacobs, Dior and Givenchy, and allow the firm to benefit from being taken under the wing of LVMH as it expands around the globe. The company wants to conquer the United States, China, India and Western Europe. It already has 229 stores across mainly Asia and the Middle East...

Words: 431 - Pages: 2

Premium Essay

Supernatural Research Paper

...Lucifer is helping the good guys, God is giving up on humanity and The Darkness is threatening to destroy the world. That sounds like a twisted, missing passage from the Bible, but it is actually the plot of the eleventh season of the CW’s longest running TV show, Supernatural. For those who do not know, Supernatural is a horror show that follows brothers Sam (Jared Padalecki) and Dean Winchester (Jensen Ackles) on their cross-country journey, hunting monsters and saving people from them. Season 11 begins with the Darkness being released from Dean’s body and the brothers new journey to figure what it is and what it wants. Along the way, we find out that the Darkness is actually God’s sister, who is named Amara (Emily Swallow). Now that she...

Words: 1159 - Pages: 5

Premium Essay

Internal & External Environment

...Keith, 37, were just teenagers helping out at their mother’s shop. She wanted the older Mr Wong to close the unprofitable shoe section, but the future shoe maven was determined to turn it around. He mapped out a plan to take control of the entire shoe business operations – from stocks to design and even shoe sizing. As a result, the shoes sold well and Mr Wong managed to stave off the store’s closure. This experience honed his business acumen, which would serve him well when he decided to set up his own shoe company with his younger brother, who is the firm’s chief operating officer. From the outset, the siblings were determined to make a name for themselves by starting their own brand. In 1996, they set up shop in Amara Shopping Centre to market and sell Charles & Keith shoes at a time when it was unheard of for local shoe retailers to brand themselves. The move was prompted by their determination to cut out the middlemen, who forced up prices. “Charles never liked consignments as the fees are very high. He prefers to work in his own store, where he can have full control,” said Charles & Keith International executive director Fong Shee Beng. With their firm grip on operations, the two founders were able to steer the fledgling company on a steady...

Words: 1128 - Pages: 5

Free Essay

Computer

...development and peace education. Dr. Asuni has researched and written extensively on conflicts in Nigeria, particularly in the Niger Delta. AA PeaceWorks has established a social media team to engage Nigerian youth on their participation in building a better Nigeria. Mrs. Jacqueline Farris serves as Director General of the Shehu Musa Yar’Adua Foundation and is also responsible for development of the Foundation’s programmes which focus on public policy, research, education and charitable activities. Mrs. Farris co-edited Nigeria at Fifty: Contributions to Peace, Democracy & Development with Professor Attahiru Jega, Chairman of INEC, as well as the official biography of late Shehu Musa Yar’Adua. About The Social Media Tracking Centre Mr. Amara Nwankpa, an IT professional and member of the Enough is Enough coalition led a group of young tech savvy volunteers to explore how social media platforms worked during the 2011 Nigerian election period; what trends developed; possible course corrections and what groups could learn from one another’s experience. This report documents an unusual story of cooperation among civil society groups and individuals, INEC, foreign partners and Nigerian government agencies. It includes extracts from Mr. Nwankpa’s power point presentations at weekly briefings. It is becoming more and more difficult to escape the influence of the media on our lives. Discuss the advantages and disadvantages of living in a media-rich society. The influence of media on...

Words: 597 - Pages: 3

Premium Essay

Consultant

...Forecasting Methods Assignment University of Phoenix MGT 554: Operations Management  Steven Williams August 28, 2006 Introduction Forecasting can be defined as Estimating or predicting future events or conditions. Forecasts may be long-term or short-term. The techniques used may be quantitative (often making sue of computers) or qualitative. Quantitative forecasting models may be classified into (a) causal models in which independent variables are used to forecast dependent variables, and (b) time series models, which produce forecasts by extrapolating the historical values of the variables of interest by, e.g., moving averages. Seasonal Model Seasonality is a pattern that repeats for each period. For example annual seasonal pattern has a cycle that is 12 periods long, if the periods are months, or 4 periods long if the periods are quarters. The seasonal index is required to be found for each month, or other periods, such as quarter, week depending on the data availability (Hossein, 1994-2006). Seasonal Index: Seasonal index represents the extent of seasonal influence for a particular segment of the year. The calculation involves a comparison of the expected values of that period to the grand mean. A seasonal index is how much the average for that particular period tends to be above (or below) the grand average. Therefore, to get an accurate estimate for the seasonal index, compute the average of the first period of the cycle, and the second period...

Words: 2440 - Pages: 10

Premium Essay

Green

...Global Warming Jamie Davis Hum/114 2/22/2011 AMARA THAYER University Of Phoenix Global Warming Is global warming a myth or is it reality? According to www.greenpeace.org/usa our world is hotter today than it has been in two thousand years. By relying on oil, coal and gas for our daily needs we are releasing carbon dioxide into the atmosphere. When the gasses are released into the air the earth begins to heat, similar to a car on a hot day. When the earth heats up, the ice caps melt, water levels rise killing off plants, animals lose the food from the plants dying, and humans lose to sources of food plant and animal food. As a human, I think this happens to be a moral issue. Why? Well after plants and animals start to die people lose their main source of nutrition that we need to function properly. We will also lose our homes are the water levels continue to rise. As people we place so much on material items well the earth is our material item and we are not caring for it like we should. I believe every little step counts turning off lights during the day and using the natural light from the sun will help not only our electric bills but also help less carbon dioxide to be released. Driving less will also help put more money into our wallets and use less oil and gas. These steps may seem to little to make a difference but every little step counts. Taking action today will help save our world tomorrow. I believe...

Words: 373 - Pages: 2

Free Essay

Battle of Ideas

...Battle of the Ideas: A review of economic concepts ECON-101 Amara Henderson-Graham Grandview University Professor David W. Hannum October 9th, 2012 Commanding Heights: Battle of Ideas The neoclassical counterrevolution was a response to the interventionist dependence revolution of the 1970’s which has diagnosed the problem of underdevelopment to be due to the predatory behavior of the developed world. The neoliberal school of thought redefined underdevelopment instead to be a result of poor allocation of resources brought about by the distortionary price controls and regulations used as tools of state intervention. It posited that too much state involvement in the economy is at the root of slow economic growth. The fundamental assumption in this perspective is that an unregulated market performs better than one with government regulation. It is convinced that although markets also run the risk of failing; market failure is much less costly than government failure. Where the dependency theorists advocated the reform in the international economic system, the counterrevolution thinkers insist that the speedy solution is the promotion of free markets that are supported by permissive governments that allow the market to perform its self-regulating functions. The prescription of the neoliberals to stimulate economic growth include not only the promotion of competitive free markets but also the privatization of state-owned enterprises, the promotion of free...

Words: 749 - Pages: 3

Free Essay

Abac Dd Day

...MBA (Double Degree) PROGRAM CLASS SCHEDULE Trimester 4/2013 (May-August 2014): Transitional Session City Campus CLOSED CLOSED CLOSED CLOSED Course BE 6401 Managerial Economic BP 6910 International Business Management BF 6701 Financial Management BP 6902 Business Research Methodology BG 5006 Intro.to Quantitative Analysis BA 6601 Managerial Accounting BC 6501 Intro. to Management Information Systems BP 6903 Organizational Behavior BE 6401 Managerial Economic BF 6701 Financial Management BP 6910 International Business Management BP 6902 Business Research Methodology BP 6903 Organizational Behavior BA 6601 Managerial Accounting BC 6501 Intro. to Management Information Systems BG 5006 Intro.to Quantitative Analysis Note: Schedule for English Foundation Course Batch / Section Batch 15 (Day) Section 11 ID.563 Class Time 10.30-15.30 Room CC 12 From Mon, 12 May 2014 Mon, 9 June 2014 Mon, 7 July 2014 Mon, 4 August 2014 Mon, 12 May 2014 To Wed, 4 June 2014 Wed, 2 July 2014 Wed, 30 July 2014 Wed, 27 August 2014 Wed, 4 June 2014 Wed, 2 July 2014 Wed, 30 July 2014 Wed, 27 August 2014 Wed, 4 June 2014 Wed, 2 July 2014 Wed, 30 July 2014 Wed, 27 August 2014 Wed, 4 June 2014 Wed, 2 July 2014 Wed, 30 July 2014 Wed, 27 August 2014 To August 31, 2014 Midterm exam Fri, 23 May 2014 Fri, 20 June 2014 Fri, 18 July 2014 Fri, 15 August 2014 Fri, 23 May 2014 Fri, 20 June 2014 Fri, 18 July 2014 Fri, 15 August 2014 Fri, 23 May 2014 Fri, 20 June 2014 Fri, 18 July 2014 Fri, 15 August 2014 Fri, 23 May...

Words: 566 - Pages: 3