...It is learnt that the management is in the process of finalizing the VISION of PSPCL and one of the mission identified is to "attain 10,000 MW Power Generation in the state by 2020". Presently, the total installed capacity of share is 4878 MW and PS has signed PPAs with private companies setting up plants at Goindwal Sahib (540MW), Talwandi Sabo(1980 MW), Rajpura (1400 MW)and with NTPC (2640 MW with PSPCL share of 1320 MW). So the total installed capacity in the state by the end of 2014-15 is expected to be 9118 MW. In addition, has signed MOUs with private companies for setting up thermal plants in the state of more than 5000 MW capacity. In addition, presently P has allocation of 1840 MW from central sector plants which is expected to cross 470 MW in the next 5 years. As there is no difference between the powers contracted on long term basis with plants set up outside the state either by central sector or private sector companies and the PPAs signed for procurement of power with private companies setting up plants in the state so mission appears to have been secured well before 2015 without investing even a penny in any project. The question is what will be doing in the next 5 years whereas generation is concerned? In the past, the management of repeatedly argued in favour of setting up plants under state sector and has mentioned it many a times that "setting up of thermal plants in the state sector is in the interest of the state" but surprisingly this commitment...
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...PUBLIC ISSUE IPO Initial Public Offer• When an unlisted company makes either a fresh issue of securities or offers its existing securities for sale or both for the first time to the public, it is called an IPO. This paves way for listing and trading of the issuer‟s securities in the Stock Exchanges. Eligibility for IPO • a) Net tangible assets of at least Rs. 3 crore in each of the preceding three full years • b) Distributable profits for at least three out of the immediately preceding five years • c) Net worth of at least Rs. 1 crore in each of the preceding three full years • d) The issue size should not exceed 5 times the pre-issue net worth • e) If there has been a change in the company‟s name, at least 50% of the revenue for preceding one year should be from the new activity denoted by the new name • Alternative routes Recognizing that many good companies, for one reason or the other, may not be able to comply with all the eligibility norms, two other alternative routes are available to such companies: • Alternative I: • Issue shall be through book building route, with at least 50% to be mandatory allotted to the Qualified Institutional Buyers (QIBs). (b) The minimum post-issue face value capital shall be Rs. 10 crore or there shall be a compulsory market-making for at least 2 years OR • Alternative II: • A) The “project” is appraised and participated to the extent of 15% by FIs/Scheduled Commercial Banks of which...
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...Dallas Travel and Tourisim Dallas Travel and Tourism Travel and Tourism Company Jordanian limited liability company located in Amman / Jordan, established in 1996, and it has several branches in Jordan and abroad runed by expieriences staff and has wide reputation and extensive experience in the field of travel and tourism and they have many branches in amman located in Alabdali , jabal el hussein Abdounmall ,etc . Mission : We are always keen to increase people's confidence in our company since the beginning o f establishment, and this interest paid to collect and service more than one million customers, according to official statistics confirm this, and this came from our confidence in what we offer is a way to continue working . Unethical and Ethical Issues: 1 - Dishonesty: suffer a lot of customers and tourists Jordanians of lack of credibility in dealing Dulles between advertisements and promises the company and on the ground, in the advertising company found that its services are ideal and it's high quality in terms of accuracy in flight schedules, hotels and specifications of these hotels in terms of quality services and efficiency, in addition to the proximity of these hotels to tourist sites and the prices of these flights, hotels, and duration scheduled to stay omitted as they are in custody. But on the other side tourist who shocked on the ground of these bookings and advertising, and finds...
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...Finalize the Sale, and finally, Follow-up. Prospecting, the first step in the personal selling process focuses on developing a list of possible customers. Pre-approach is when the salesperson attempts to get to know his or her customer well. They should know about the customers company, their specific needs and what brands they are currently using; the more they know about their customers, the easier it will be for the sales person to sell to them. Next is the approach, where the sales person uses customer referrals or leads, as they are usually most effective method, to make contact with the customer. After that is the presentation of the product. The sales person has to tell the potential customer the "product story" and highlight the benefits of the product (and at the same time work to overcome the objections). This is followed by closing or finalizing the sale and the customer is asked to purchase the product. Lastly, a good sales person follows up and makes sure that everything went well and the customer is satisfied. Salespeople are a valuable connection between the company and its clients or customers. They generate customer value and company revenue by representing the company to customers, representing...
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...restaurant, differentiating itself from others. Addition to that, they put experienced managers as in charge at individual restaurants. They hired services of award winning chef, Mariana Molise, and she was in charge and responsible for training chefs in each of the outlets to make sure that quality is not deteriorating. It is made sure that all the ingredients used in cooking are fresh and meet high quality standards. Furthermore, special attention was paid to artful presentation of dishes, no matter if they cost more. Employees were kept motivated thorough various initiatives, as a result, they had a stable workforce in high turnover industry. In order to maintain its product and services quality, the chef, Mariana Molise will be developing new recipes, keeping in mind, the speed for preparation and serving. Addition to that Porcini has developed proper plans to hire and recruit employees that will be dedicated and will ensure consumer satisfaction and services quality. They planned for compensating employees with different techniques and training. To ensure quality congruency, Porcini will be connecting these branches to the central branch, displaying Italian backgrounds and cuisines. Customer feedback will also be a part of ensuring satisfaction; it will be recorded through a real time system. This system will match out performance to the appropriate employee for scorecard. In order to make sure the accuracy of the orders and speed, company will take help of technology and will be...
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...[Translation] August 18, 2015 For Immediate Release Company name: Representative: Securities code: Contact: Toshiba Corporation 1-1-1 Shibaura, Minato-ku, Tokyo, Japan Masashi Muromachi, President & CEO 6502 (TSE and NSE) Naoto Hasegawa, General Manager, Public Relations & Investor Relations Office Tel: +81-3-3457-2100 Notice on Toshiba’s New Management Team and Measures to Reform of Governance Structure, and Outline of Correction of Past Financial Statements and Financial Forecast Toshiba Corporation (the “Company”), has taken the causal analysis and recommendations on prevention of recurrence contained in the report of the Independent Investigation Committee very seriously, and established a Management Revitalization Committee to intensively discuss a new management team and reform of corporate governance, the members of which Committee include the Company’s four Outside Directors, a certified public accountant and an attorney-at-law, plus independent observers. Today, the Company hereby announces that candidates for the new Board of Directors have been decided, as in Attachment 1, and also announces an outline of the measures for reform of governance structure that have been discussed by the Management Revitalization Committee up to today. The Company is currently taking necessary procedures to correct and restate past financial results, and to finalize financial results for fiscal 2014, following the Company’s receipt and subsequent close...
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...Case 1. The role of the buying center at Trek is that the group of individuals working there are “responsible for finding the best suppliers and vendors for the organization’s purchases”. At Trek’s buying center it consists of a purchasing manager, buyers who identify domestic and international sources of materials and components, and representatives from research and development, production and quality control. Also at Trek, purchasing managers are most likely to comprise the buying center in a decision to select a new supplier. Sometimes, in important technical purchases, it will be representatives from research and development, production, and quality control. It is very important to Trek that these new suppliers must benefit the company, for example in a way that has an environmental impact. These individuals are the deciders who have formal/informal power to select or approve when a supplier should receive a contract. 2. Trek requires four criteria when identifying potential suppliers. These are quality, delivery capabilities, price, and environmental impact of their production process. In regards to these criteria, current suppliers receive scores on the number of defects in large quantity of supplies, whether just-in-time orders made their deadlines, if the target prices were maintained, or if recycled packaging was used. Once a business is selected, it is continuously evaluated based on the elements of those four criteria. 3. One of treks criteria...
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...JBT Task 1 A1. Gaining market share is widely based on a company’s strategy and approach. When a company expands to the internet, it is important for them to have a purpose. For Pharmacy ABC (name changed to protect my customer), located in Columbus, Ohio, going online would be beneficial for several reasons. Advertising would help them focus not only on their current customers, but more so for the younger generations that have adapted to search and learn through technology. As their current customers get older and expire, these younger generations will become their customer base. By having a website, they will also be able to provide more education to their patients. The site may also provide answers and act as yet another form of customer service. Pharmacy ABC will be able to provide convenience for their patients by adding online refill availability which will save both time and money. While expanding total market size, they must continuously and actively defend its current business (Kotler and Keller, 2010). A2. When comparing competitor’s websites (CVS and Walgreens), both companies offer similar information to what Pharmacy ABC website should have, including: • Online Prescription Refill o Both competitors offer similar options • Product Promotion/Sales o Both Walgreens and CVS offer a weekly sales and promotions ticker • Medicare D Reporting o Walgreens does this well by allowing the customer to enter medications and see available plans that cover those...
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...Case 10-10 An Offer You Can’t Refuse Fast Eddie, a publicly held company, manufactures and installs refrigeration systems for governmental and commercial applications. Fast Eddie is being investigated by a governmental agency for overpricing on government sales during the period from 2007 through 2009 as well as allegations of misrepresentations by one of Fast Eddie’s former officers, Sweet Lou. The criminal and civil investigations began in late 2009. In the prior fiscal year, the company’s auditors, CPAs-R-Us, obtained management’s representation and a letter from Fast Eddie’s independent legal counsel that indicated that the ultimate outcome of the investigation could not be determined and that any potential payment for the alleged breaches would not have a material effect on the financial statements. Accordingly, no accrual was recorded in the financial statements, and CPAsR-Us issued a standard unqualified opinion on Fast Eddie’s 2010 financial statements. Fast Eddie’s fiscal year-end is March 31. The government commenced its investigation into the allegations in late 2009 by obtaining a subpoena for all of Fast Eddie’s corporate records (both hard copy documents and computer files) related to government sales during the period in question. In 2010, the government provided Sweet Lou with a report detailing the allegations of defective pricing. At that time, Sweet Lou alerted the other officers at Fast Eddie of the manner in which he had prepared the documents in question...
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...Recruitment Strategy and Job Offer Process HRM/548; Recruitment and Retention Practices Recruitment Strategy and Job Offer Process Organizations such as education, business, and engineering use diverse recruitment techniques to transform operations and the demand for employees vary depending on direction of company. This paper addresses how business establishments use recruitment strategy to fill job vacancies. In addition, in the paper is a suggestion that would be the best recruitment strategy to achieve the goal of drawing qualified personnel from within this industry. Finally, a detail approach to offering a position to an applicant Recruitment Strategies Recruitment is deciding on the need for personnel in one or more job openings. It is essential for a company to recognize whether an open or targeted recruitment strategy is effective, and to understand which one will succeed in meeting the company’s requirements. For instance, if a company has to fill more than 35 vacancies, the only true option for it is to choose an open recruitment policy. The open recruitment policy helps in attracting a number of applicants, including an assorted group of people (Heinemann & Judge, 2009). In this way, a pool of employees with differing standards of knowledge, skills, aptitudes, and other characteristics (KSAOs) from which they can select to fill vacancies. Hiring via newspaper, television, job fairs, radio, and media channels will attract numerous candidates to fill...
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...industry at any point in time 30 percent of coolers on theshelf are either new products or line extensions. Companies believe that continuously addingnew flavors and formats to their existing product lines and launching new products is a way tocreate a competitive advantage. The belief supports the notion that if innovation does not happenmarket share will begin to dwindle. Another key motivating factor to launching a new product isthat coolers, industry wide are a seasonal business. Most sales occurred between May andSeptember, during the Canadian spring and summer.Bolliger noted that since the seasonaltimeline was so finite that being a week or two late would directly impact the bottom line andresult in a loss of real dollars. To prepare for a proper product launch, companies typically began preparing 10 to 12 months ahead of a new product launch. The proceed by conducting researchduring the spring and summer, pitching the retail trade in the fall, and finalizing production anddistribution in the winter in order to have the new product on the shelves for the first of April.b. Cultural implications for Vincor around the launch of a new refreshments product.Kertz is facing some resistance from the sales teams in launching a new product. The firstmajor cultural implication for the sales team is that the new product will cannibalize the current products. Sales reps feel that the company should be focusing on...
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...Sohan Phal Dessai | Sec B | 2012112 Greaves Brewery: Case Analysis Abstract: Greaves Brewery enjoyed an excellent reputation as a maker of beer that had won both local drinkers and tourists who chanced to try out its bottled product during their trips. Located in Trinidad, a southern Caribbean island, Greaves Brewery was established in 1924 by John Greaves, its founder. Through the years, Greaves Brewery had steadily grown and eventually began to tap the export markets as well. The company reaped its highest level of sales in February 1991. The increased demand for Greaves beer called for prompt action for the company to improve its production operations to keep up with the favourable development. Issues of the Case: In the course of finalizing the design for an additional bottling line for Greaves Brewery , the company’s chief engineer , Lesley Simpson , had to decide on issues pertaining to how the bottled beer in cases should be placed on the pallets . The company was currently using manual labour for this part of the production line. Meanwhile, there is the available option to set up an automated system for it. Problem Statement: Increasing capacity to 1000 bottles/minute to meet increasing peak sales demands 4 times a year; Carnival (Feb), Easter (April), Independence Day (August), Christmas (December). Highest sales were during carnival. Material Handling is a problem so the manager is considering of setting up a automatic palletizer. The Bottling Process:...
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...1. To understand the organizational purposes of business at Action Technology Limited Action Technology Limited (ATL), a software development company, was promoted by its present managing director G. R Vikas almost hates bureaucracy and believes in the autonomy of people at the workplace. There are about 450 employees with the company. All the employees are free to come to office at their own convenient time. Similarly, they can leave the office at any time and can work up to any time including past midnight. The idea is that employees should work only at that time when he feels that he is the most productive. Workplace remains open for twenty-four hours. There are no set policies regarding various types of leave like sick leave, paid holidays, or any other leave. Vikas believes that fixing a fixed number of days or not a single day as sick leave. While hours of work and leave policies are quite flexible, employees frequently put in at least 50 hours of work and leave policies are quite flexible, employees frequently put in at least 50 hours of work. In addition, regardless of number of hours worked, every employee is required to be accessible via email, mobile phone, instant messaging, or laptop. Every employee sets his weekly and monthly production target in consultation with management. Every employee is given plenty of autonomy to achieve the target and his performance is measured in terms of this target. Those who are target achievers are performance is measured in...
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...Executive summary Air Asia Airline is one of the companies that once facing a critical financial crisis situation within the organisation. However Air Asia has successfully overcome this problem and expand this nearly bankrupt organisation to become million valued company within a short period of time. Air Asia only used 4 years times to change from a heavily debt organisation and become a high profit company that earn a net profit of RM112 million during 2004 (Air Asia 2005). This has illustrate that Air Asia has undergo a radically change within the organisation. Hence this report will mainly discuss and analyze on what has been done and how was the changes has been done to Air Asia so that the company could manage these changes properly as well as creates positive profit in this financial report. Table of content |Executive Summary |1 | |Table of Content |2 | |1.0 Introduction |3 | |2.0 Company Background |3 | |3.0 Drivers of Change ...
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...International business & Finance Submitted to: Professor Abdul Khaliq Submitted by: Aamara Shabbir MC11-041 Shaista Munawwar MC11-036 Salma Muqaddas MC11-049 Mariya Bukhari MC11-037 Sara Qasim MC11-048 Ammarah Chaudhary MC11-035 Ameena Ghafoor MC11-010 Hailey College Of Commerce, University Of The Punjab, Lahore Lahore Transport Company VISION “A sustainable Lahore Transport Company through sustainable Public Transport” MISSION “Plan & facilitate a high quality, safe, efficient, environment friendly & affordable Urban Transport in Lahore City” Lahore Transport Company (LTC) has been established under the provisions of Provincial Motor Vehicles Ordinance (Amendment) Act 2009 as an Urban Transport Company. Government of Punjab notified the company vide. No. SO (NTS) 2-88/2009 dated 1st Dec., 2009. LTC has been registered under section 42 of Companies Ordinance 1984. LTC is primarily a regulation body which has been tasked to ensure a smooth running transport system in Lahore which will provide the commuters a safe, efficient and affordable transport service. LTC is expected to be a self sustaining organ of the Government of Punjab. As per the provisions of the said ordinance, LTC is now the sole organ responsible for custody of all transport infrastructures in Lahore and its operations through a network of private operators. This infrastructure...
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