...Investing In TUFs at Northern Insurance Rajavardhan Reddy Madireddy IST7100 Wilmington University Table of Contents Introduction…………………………………………………3 Lack of Project Management………………………………3 Corrective Actions for TUFS………………………………4 Plan to Reduce The Problems in Future Projects…………5 Conclusion…………………………………………………….5 References……………………………………………………..6 Introduction Technical underwriting is the method of assessing the customer’s eligibility to approve their services by the financial service provider. The case alludes to an organization called Northern Insurance and their gigantic venture on TUFS (Technical Underwriting Financial System). That framework was the biggest speculation ever constructed on IT by Northern Insurance and it should aid the organization by "streamlining the granting process and giving key e-business capacities". Yet, after several months, TUFS turned into the expense middle of the organization, spending just about $4 million, and consequently the CIO, Martin Drysdale's occupation was at stake. He had a gathering with the CFO, Melissa Freeman, to talk about the reasons why the framework was not giving the profits it should and whether to continue contributing on it. Lack of Project Management The departments of the organization were not on the same road. It is very clear that the TUFS system went wrong in the working. The system was responsible in the rise of problems based on opportunities deliverables and strategic alignment. The company supposed...
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...Results [PDF]TUFS 1 TUFS Daniel Watrous Management Information ... mba.danielwatrous.com/wp-content/uploads/2014/03/tufs.pdf In the case of TUFS, some of the anticipated benefits included ... before starting an IT project, some of which include investment during development and ... In IT projects, there is a risk of going to one of two extremes: analysis paralysis or. Investing In Tufs Discussion Questions Free Essays www.studymode.com/.../investing-in-tufs-discussion-questions-page1.ht... Case Summary Investing in TUFS The case refers to a company called Northern Insurance and their huge investment on TUFS (Technical Underwriting ... Investing In Tufs Mini Case - eBooks Club flipclub.net/investing-in-tufs-mini-case-free-download.html File Name: Investing In Tufs Mini Case File Size: 3.5MB His companies were ... eBooks tags: investing in tufs; investing in tufs case study; investing in tufs mini ... Pearson Education - IT Strategy: Issues and Practices PDF ... www.pearsoned.co.uk/bookshop/detail.asp?item=100000000581206 6. Building Better IT Leaders from the Bottom Up. Mini-cases: Delivering Business Value with IT at Hefty Hardware. Investing in TUFS IT Planning at ModMeters. Investing In Tufs Mini Case Zip - MIG33 BATURETNO COMMUNITY ... baturetnomig33.forumotion.com › ... › SCREEN SHOOT May 4, 2014 - Investing In Tufs Mini Case Zip > tinyurl.com/qjxj5dg. ... exploded_view_front_rotors_on_a_2004_ford_f350_truck.pdf ... practical case study Tufs - SlideShare www...
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...Information Officer for Northern Insurance, had recently come up with a system which would revolutionize underwriting in insurance companies. Technical Underwriting Financial System (TUFS) was a system he came up with which would cut down costs experienced in underwriting. The system's mission was to enable sleek underwriting processes and also provide capabilities in e-business (Mckeen and Smith, 2012). Northern insurance was impressed by TUFS and opted to employ it which meant providing large investments to its development and use within the company. However, what’s meant to be a dream became a nightmare to both the system's developers and the company since it accrued minimal profits than intended yet it consumed large investment funds. However, despite the failure to meet its goals, TUFS still is the best system that would bring positive outcomes in underwriting (Murphy, 2014). Northern Insurance made a wise choice in investing in it, even though it has managed to accrue minimal profits from the system. They should, however, understand that every venture in business, IT or any other field problems will always arise in problems. It all comes down to understanding the challenges faced and producing a good plan that would aid in tackling them. In this case, the investment in TUFS went wrong because they did not focus on integrating the system with its staff. The company and Martin as well were blinded on how great the system would become that they forgot the most...
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...UNION BUDGET 2013-14 AND THE INDIAN TEXTILE INDUSTRY AN OVERVIEW The Indian Textiles Industry has an overwhelming presence in the economic life of the country. India employees about 100 million people in various forms related to the textile industry. This number is about 1/3rd of the total population of the United States. Owing to the employment and revenue generation, India has a cabinet level ministry for the textile sector. Textile sector can be broadly categorized into jute, sericulture, wool & woolen, man-made fiber & filament yarn industry. The Indian textiles industry contributes substantially to India’s GDP and exports earnings. The export basket consists of wide range of items containing cotton yarn and fabrics, man-made yarn and fabrics, wool and silk fabrics, made-ups and variety of garments. The major competitors for the Indian textile industry are China, Vietnam, and Bangladesh. USA is the single largest importer of textiles & clothing items. The rupee vis-a-vis dollar movement does have an impact on export of the textile industry. A 100% FDI is allowed in the textile sector under the automatic route. Several international retail brands are planning to invest in Indian textile sector as the Central Government has announced many incentives, including tax exemptions, to the textile and garment industry in the Union Budget 2013-14. According to the textile industry analysts, there will be 5-7 percent increase in foreign direct investment (FDI) with global...
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...INVESTIGATING TUFS There are number of problems that can be addressed from this case. The two main issues I noticed in this case is lack of communication and lack of interest shown by the underwriting managers. TUFS (Technical Underwriting Financial Systems) was a project that was going to help Northern Insurance transform their underwriting process and also provide strategic business capabilities. As, per the case there was a lot of excitement when the project begun two years ago but it looks like as the time passed by the focus from the project shifted as the interest kept getting lower from the all the team that were involved. Hence the project was completed on time and in budget but the TUFS system has turned into a nightmare in its first few months of operation and was not delivering what it was built for i.e. to streamline and transform their underwriting process. Looking at the problem I think the issue started at a very early phase of the project where requirements for the project were not well-defined. Also as this project was the most highly invested project in IT interest and attention was required by the CIO and CFO all along the project. It seemed like the CIO Martin Drysdale who was in charge of this major project didn’t take that responsibility to track the project and keep everyone on their feet while completing the requirements that were needed for this project to be a success. Being in charge of a huge project that is going to effect the whole organization you...
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...Welspun India “Dare to commit” is a belief well entrenched into Welspun’s DNA. It drives every aspect of our business -‐ from leading innovative technologies, to developing path-‐breaking products, to fostering sustainability. Business Scenario As you are all aware, India has emerged as a significant player in the textiles sector, and is currently ranked as the second largest exporter of textile products behind China. As I mentioned in my last year’s address, certain structural changes are taking place in the industry, which are helping India improve its competitiveness and market share in the global arena. We are thus seeing more and more clients increase their sourcing pie of textile and apparel from India. In home textiles, the India advantage has been even more prominent and I believe, things are only going to get better in the coming years for the industry. At ...
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...IN-COMPANY TRAINING REPORT ON MARKETING STRATEGY OF TOMMY HILFIGER COMPLETED IN TOMMY HILFIGER LTD SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF BACHELOR OF BUSINESS ADMINISTRATION (BBA) GURU JAMBHESHWAR UNIVERSITY OF SCIENCE & TECHNOLOGY, HISAR TRAINING SUPERVISOR: SUBMITTED BY: MR. SAUMYA GHOSH MANDEEP SINGH (Senior Marketing Manager) Batch: 2007-2010 Enrollment No.: 07511213132 Session: 2007-2010 RNIS COLLEGE OF MANAGEMENT DIRECTORATE OF DISTANCE EDUCATION GURU JAMBHESHWAR UNIVERSITY OF SCIENCE & TECHNOLOGY, HISAR-125001 PROJECT REPORT ON MARKETING STRATEGY OF TOMMY HILFIGER COMPLETED IN TOMMY HILFIGER LTD SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF BACHELOR OF BUSINESS ADMINISTRATION (BBA) GURU JAMBHESHWAR UNIVERSITY OF SCIENCE & TECHNOLOGY, HISAR TRAINING SUPERVISOR: SUBMITTED BY: MR. SAUMYA GHOSH MANDEEP SINGH (Senior Marketing Manager) Batch: 2007-2010 Enrollment No.: 07511213132 Session: 2007-2010 RNIS COLLEGE OF MANAGEMENT DIRECTORATE OF DISTANCE EDUCATION GURU JAMBHESHWAR UNIVERSITY OF SCIENCE & TECHNOLOGY, HISAR-125001 STUDENT DECLARATION I hereby declare that the Summer Training Report conducted at “Marketing Strategy Of Tommy Hilfiger” submitted in partial fulfillment of the requirement of bachelor of business administration (BBA) RNIS College...
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...| Hussain Industries: Hussain industries is known to be one of the largest textile manufacturers in Pakistan. It is located in the hub of textile industries in Pakistan, the city of Multan, which is also famously known as the largest cotton growing city. This company is a partnership and is currently equally being shared between two parties. Hussain industries has been manufacturing articles with intense colour tones which include the following: Articles with intense color tones, including dyed yarns, printed kitchen towels, napkins, tea towels, table cloths, terry towels, surgical towels, industrial towels (with and without logo, tile motifs, check variants, micro checks, graduated checks and linear embroidery), herringbone, mono checks, dishcloths, shower curtains, hospital bed sheets, thermal blankets, bedspreads, draw sheets, upholstery, handkerchiefs, aprons, place mats, pot holders, gloves, and beach throws. These are manufactured using dobby looms, jacquard looms, and shuttle looms, which allow for state of the art floral motifs, subtle shadows, and colour gradients. KARACHI: The textile sector enjoys a pivotal position in the exports of Pakistan. The contribution of this industry to total gross domestic product (GDP) is 8.5%. It provides employment to about 15 million people, 30% of the country’s workforce of about 49 million. The annual volume of total world textile trade is $18 trillion which is growing at 2.5%. But Pakistan’s share is less than one per cent...
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...Construction MALAYSIA August 14, 2012 IJM Corp Bhd IJM MK / IJMS.KL Current RM5.12 RM6.50 RM6.40 27.0% Conviction FLASH NOTE SHORT TERM (3 MTH) LONG TERM Market Cap Avg Daily Turnover Free Float Target Previous Target Up/downside US$2,266m RM7,074m US$4.25m RM13.41m 71.8% 1,353 m shares CIMB Analyst Property takes the limelight Key takeaways from IJM Land’s property briefing reassured us of its long-term prospects, locally and overseas. Parent IJM is a cheaper proxy for exposure to this segment. A reprieve to IJM Corp’s share price hinges on the imminent signing of the WCE concession. We continue to peg our target price at a 10% discount to IJM’s RNAV, but raise it as we update for IJM Land’s higher market capitalisation and apply a higher sector P/E of 13.3x (13x before) in line with our revised target market P/E. IJM Corp remains a Trading Buy and not Outperform due to election risks with the WCE concession as key catalyst. 3M -9.6 -5.7 12M -22.9 -11.9 % held 14.2 6.1 7.9 in Penang. Sharizan Rosely T (06) 3 20849864 E sharizan.rosely@cimb.com What We Think We are positive about IJM Land’s local and overseas property prospects overall, which will provide longer-term visibility of property earnings. This is in turn positive for IJM Corp. As at FY12, IJM Land’s revenue makes up 27% of IJM Corp’s total revenue and 35% of total pretax profit. Rimbayu’s RM330m GDV for Phase 1 (3% of total GDV) will be launched in 4Q12, and will...
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...[pic] ORGANISATIONAL CHANGE AND DEVELOPMENT “CANARA BANK” Submitted to Lovely Professional University In partial fulfillment of the course RETAIL MANAGEMENT [pic] Submitted to: Submitted by: Mrs. MALIKA JAVAID AHMAD Lecturer, LSB RR1709A15 3020070030 DEPARTMENT OF MANAGEMENT LOVELY PROFESSIONAL UNIVERSITY PHAGWARA ACKNOWLEDGEMENT With immense regard and respect in the honor of the “LOVELY PROFESSIONAL UNIVERSITY”, I am very grateful for providing me an opportunity to work on the topic “To establish a retail store of furniture and furnishing” under my term paper . I am highly grateful to Mrs. Anju Saini, Lecturer LSB, for the trust she has shown in me by allowing me to do this work. Her constant review and suggestions throughout my work on term paper are highly commendable. I express my thanks to my friends, with whom I was able to complete my term paper project, their able guidance and direction are always promising that help me a lot in one way or the other. Javaid Ahmad Canara Bank India The Canara Bank of India is one of the renowned banks in the country. The bank provides excellent services and facilities to its customers. Personal...
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...1. INTRODUCTION * The project focuses on the importance of financial analysis for the company as financial Statements are useful as they provide information that allows investors and creditors to make better decisions. However, because of selective reporting of economic events as well as non-comparable accounting methods and estimates, financial statements are only an approximation of reality. In addition, because of the tendency to delay accounting recognition, financial statements also tend to lag reality. * A primary objective of financial analysis is to determine comparable risk and return of companies and their securities. Financial statements include the * Balance Sheet * Income Statement * Cash Flow Statement * The financial statements are interrelated and are used and analysed together. Methods of financial statement analysis are divided into two general categories, internal analysis and comparative or external analysis. * Internal analysis uses figures from the financial statements of any one date or period to gain an understanding of the customer. Comparative analysis is used to determine trends when two or more successive sets of figures are reviewed, or is used to evaluate the company's financial statement against industry standards. * These methods are used separately or in combination. They are part of the tools that enable experienced credit professionals to reach a credit decision. Financial statements...
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...1 Budget 2013-2014 Speech of P. Chidambaram Minister of Finance February 28, 2013 Madam Speaker, I rise to present the Budget for the year 2013-14. 2. I recall my last tenure as Finance Minister and acknowledge with gratitude the splendid support that I received from all sections of the House as well as the people of India. Today, more than ever, I seek the same support as we navigate the Indian economy through a crisis that has enveloped the whole world and spared none. 3. I intend to keep my speech simple, straight forward and reasonably short. I. THE ECONOMY AND THE CHALLENGES 4. I shall begin by setting the context. Global economic growth slowed from 3.9 percent in 2011 to 3.2 percent in 2012. India is part of the global economy: our exports and imports amount to 43 percent of GDP and two-way external sector transactions have risen to 108 percent of GDP. We are not unaffected by what happens in the rest of the world and our economy too has slowed after 2010-11. In the current year, the CSO has estimated growth at 5 percent while the RBI has estimated growth at 5.5 percent. Whatever may be the final estimate, it will be below India’s potential growth rate of 8 percent. Getting back to that growth rate is the challenge that faces the country. 5. Let me say, however, there is no reason for gloom or pessimism. Even now, of the large countries of the world, only China and Indonesia are growing faster than India in 2012-13. And in 2013-14, if we grow at the rate projected...
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...These Consolidated Financial Statements are originally issued in Indonesian language PT TEMPO SCAN PACIFIC Tbk DAN ANAK PERUSAHAAN/AND SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASI / CONSOLIDATED FINANCIAL STATEMENTS 31 DESEMBER 2008 DAN 2007/ 31 DECEMBER 2008 AND 2007 SERTA / AND LAPORAN AUDITOR INDEPENDEN / INDEPENDENT AUDITORS’ REPORT These Consolidated Financial Statements are originally issued in Indonesian language PT TEMPO SCAN PACIFIC Tbk DAN ANAK PERUSAHAAN LAPORAN KEUANGAN KONSOLIDASI 31 DESEMBER 2008 DAN 2007 PT TEMPO SCAN PACIFIC Tbk AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2008 AND 2007 DAFTAR ISI Laporan Auditor Independen Ekshibit/ Exhibit Neraca Konsolidasi A CONTENTS Independent Auditors’ Report Consolidated Balance Sheets Laporan Laba Rugi Konsolidasi B Consolidated Statements of Income Laporan Perubahan Ekuitas Konsolidasi C Consolidated Statements of Changes in Stockholders’ Equity Laporan Arus Kas Konsolidasi D Consolidated Statements of Cash Flows Catatan atas Laporan Keuangan Konsolidasi E Notes to Consolidated Financial Statements These Consolidated Financial Statements are originally issued in Indonesian language Ekshibit A Exhibit A PT TEMPO SCAN PACIFIC Tbk DAN ANAK PERUSAHAAN NERACA KONSOLIDASI 31 DESEMBER 2008 DAN 2007 (Disajikan dalam Rupiah, kecuali dinyatakan lain) PT TEMPO SCAN PACIFIC Tbk AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 31 DECEMBER 2008 AND 2007 (Expressed in Rupiah, unless otherwise stated)...
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...Status Report on World Textiles & Likely future trends Presented to :Gherzi Eastern Ltd Mumbai Prepared by :Madhav Mehta UTI Institute of Capital Markets Table of Contents Acknowledgements Executive Summary Objectives of the Study Terms of Reference Data Collection & Sources Assessment of Supply Side International Trade Data Analysis Assessment of Demand International Trade Historical Trends and future projections Evaluation of manufacturing costs Assessment of other business considerations Growth in capacities required to meet projected capacities and likely candidates Case: India Statement of Limitations 3 4 5 6 7 8-20 21-28 29-33 34-36 37-44 45-49 49-50 51-59 60 2 Acknowledgements At the outset, I would thank Gherzi Eastern Ltd for providing me an opportunity to work with them. My special thanks to Mr. Durga Prasad for acting as a conduit to this opportunity with Gherzi Eastern Ltd as also for his valuable guidance & insights. I have extreme gratitude for Mr. V.N.Karvir who has been all through with me in this project, shared his experiences, provided utmost necessary and valuable guidance to me. Without, his assistance and guidance this report & its contents would not have taken shape in the manner in which it is prepared, analyzed and presented. I would also like to thank my friend and batch mate Mr. Amol Agrawal for making known to me some important data sources and for being a good listener all times to my approaches and ideas. Last but not the...
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...Twelfth Five Year Plan (2012–2017) Economic Sectors Volume II Copyright © Planning Commission (Government of India) 2013 All rights reserved. No part of this book may be reproduced or utilised in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage or retrieval system, without permission in writing from the publisher. First published in 2013 by SAGE Publications India Pvt Ltd B1/I-1 Mohan Cooperative Industrial Area Mathura Road, New Delhi 110 044, India www.sagepub.in SAGE Publications Inc 2455 Teller Road Thousand Oaks, California 91320, USA SAGE Publications Ltd 1 Oliver’s Yard, 55 City Road London EC1Y 1SP, United Kingdom SAGE Publications Asia-Pacific Pte Ltd 33 Pekin Street #02-01 Far East Square Singapore 048763 Published by Vivek Mehra for SAGE Publications India Pvt Ltd, Phototypeset in 11/13pt Minion Pro by RECTO Graphics, Delhi and printed at Saurabh Printers, New Delhi. Library of Congress Cataloging-in-Publication Data Available ISBN: 978-81-321-1131-3 (PB) The SAGE Team: Rudra Narayan, Archita Mandal, Rajib Chatterjee and Dally Verghese Twelfth Five Year Plan (2012–2017) Economic Sectors Volume II Planning Commission Government of India Thank you for choosing a SAGE product! If you have any comment, observation or feedback, I would like to personally hear from you. Please write to me at contactceo@sagepub.in —Vivek Mehra, Managing Director and CEO, SAGE Publications India Pvt...
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