...The capital investment plan for the Mayo Clinic is an ongoing process to improve the health care and offer new equipment to help patients. The Mayo Clinic has been in business for several years and continues to not only help its patients but also the community in which is resides. Because of the revenue the hospital has brought to the area, it feels it is time to give back to the community in which is resides, which is a great investment plan for the residents. The Mayo Clinic, which is a hospital that focuses on the needs of very rare diseases and other ailments, recently spent $3.5 billion on capital projects in 2012 in hopes of increasing the number of jobs within the community in the years ahead (Newmarker, 2012, N.P.). “Jeff Bolton, the Mayo Clinic’s chief financial officer, said 60 percent of the capital spending will go toward replacing and renewing facilities, equipment and information technology” (Newmarker, 2012, N.P.). With this in mind it is also time to update some equipment within the facility as well. The new MRI screening center will open opportunities for employment as well as new and up to date treatment for patients. The objectives for the first year of operation upon completion will be: Increase the number of patients by providing services that Mayo has not been able to before Hire twenty new employees that specialize in MRI technology as well as billing and collection specialists Collections of at least 90% Average of 1200 to 1500 patients...
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...POLYTECHNIC UNIVERSITY OF THE PHILIPPINES COLLEGE OF ACCOUNTANCY BACHELOR OF SCIENCE IN ACCOUNTANCY Research Topic: “Errors in Preparing Financial Plan in Investment firm” BACKGROUND Introduction It is vitally important for the investment firm to set up a financial plan in order not to experience hardships and financial difficulties in the future of their beneficiaries. Financial plan assure financial stability and financial freedom that an investors wants to possess till the end of his/her life. The process of preparing financial plan is a routine process that indeed involves not only careful financial analysis of the investors’ current situation and long-term commitment to implement and monitor that plan throughout his/her life, but also requires careful thinking for the future. In order to properly achieve the financial planning goals, one has to monitor the performance of the financial plan as well as make proper changes when necessary. While preparing the financial plan, the pre need industries should be taken it seriously. This is because a bad financial plan will lead to over capitalization or under capitalization as well as misappropriation of funds. In endeavor action, businesses are sometimes right and make correct decisions and sometimes they are wrong and prone to errors. These firms are prone to errors, because they do not have a correct perspective of the environment or lack a correct assessment of the current...
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...Foreign Subsidiary Investment Plan Case: Multinational Capital Budgeting China & Australia Hypothetical Incorporated MBA AF 626 Fall 2011 International Financial Management Professor XX XX XX XX XX Table of Contents PART I – Analysis: Australia vs. China A. Country Analysis 1. Economic Environment 3 2. Social Environment 10 3. Political Environment 12 B. Industry Analysis 1. Aluminum Industry in Australia 17 2. Airline Industry in China 18 PART II-Capital Budget Analysis 1. Weighted Average Cost of Capital 19 2. Net Present Value 20 3. Scenario Analysis 21 PART III – Conclusion: Investment Decision 23 References 24 Appendixes 26 PART I – Analysis: Australia vs. China A. Country Analysis I. Economic Environment Australia Australia is a market oriented financial system which includes the world’s 13th largest economy and the 9th highest per capita Gross Domestic Product (GDP), with almost two consecutive decades of growth and the unemployment rate falling to a generational low. As a result of nearly three decades of structural and policy reforms, Australian’s economy has proven to be a competitive player in the increasingly integrated global markets. In terms of country risk, Australia’s favorable attitude towards private enterprise and its well-protected property...
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...Panckhurst, P., (2012)'s news report, China’s export growth cooled to 9.2 percent in the first half of the year, a 24 percent decrease in the first six months of 2011, the figure reflected declining number in both cargo and passengers carrier for Cathay Pacific and China Southern Airways, accompany with the high jet fuel prices, the future in airlines industry is pessimistic.According to Wallis (2012), China Southern Airlines claimed there is 50% drop in net profit compare to last year, contributed by high jet fuel costs, losses in exchange rate (6.3760 against the dollar) and China’s slowing down economy due to Europe’s austerity measures and government debt burdens. On the other hand, its major rival Cathay Pacific announced billions dollars investment on more fuel efficient and nautical miles aircrafts airbus A350-1000. With better fuel efficiency aircraft and well-tailored flight patterns, Wallis (2012) believes it shall remain its competitive position in the industry.IATA (2012) believes that both the air travel and freight volumes are likely to show slow growth in the coming period due to deepening economic recession and consumer confident. Although the fuel price has a significant...
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...Security Plan Outline for Richman Investments User Domain • Restrict access to data and applications that is not required for employee to do their job. • Review and Revise user conduct and security polices every six months. • Conduct annual security training seminars with system users and staff. Conducting annual security training for the user in the user domain will cover the Acceptable Use Policy (AUP) for which users will be informed of what is and what is not acceptable use of the system. Workstation Domain • In house testing of operating system updates prior to user workstation deployment. • Strict access control policies and procedures for user access to system and data. • 72 Day password renewal for workstation and 180 day user password renewal. • Content filtering and anti-virus scanning of all incoming data. Quarantine of unknown file types. Securing a user workstation with approved updates will help prevent potential system corruption and in house data from being exposed. LAN Domain • Proper identification and two key turners to be granted access to Data Centers and wiring closets with 24/7 CCTV monitoring. • Periodic LAN vulnerability assessments. Keeping our LAN under lock and key prevent tampering of with the networks hardware. Access to the LAN devices is the easiest way to compromise a network. LAN to WAN Domain • Disable ping, probing, and port scanning of exterior devices. • Strict monitoring for intrusion detection on inbound IP...
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... | |Level |Evidence requirements | |1 |1 Top managers make sure the organisation has a clear purpose and vision supported by a strategy for improving its performance. | | |2 Top managers make sure the organisation has a business plan with measurable performance objectives. | | |3 Top managers make sure there are constructive relationships with representative groups (where they exist) and the groups are consulted when developing the organisation's business plan. | |2&3 |1 Top managers make sure...
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...Boeing Manages to Plan March 22, 2011 Boeing is the world’s leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined. Boeing has more than 158,000 employees in over 70 countries, including the United States (Boeing.com). This company is known for its innovation and seems to constantly make plans to stay ahead of the competition. A portion of their mission statement includes “we will strive for continuous quality improvement in all that we do, so that we will rank among the world’s premier industrial firms in customer, employee, and community satisfaction” (Boeing.com). It is clear that this company relies heavily on its management staff and planning teams. It is common knowledge that Boeing consists of two business systems which are Boeing Commercial Airplanes and Boeing Defense, Space, and Security. The corporate functions that guide Boeing are Business Development and Strategy, Communications, Engineering, Operations and Technology, Finance, Human Resources and Administration, and the Office of Internal Governance. Each department has its own set of goals and objectives to evaluate and implement with the company’s overall mission in mind. The Business Development and Strategy team is an extension of the management, marketing, and research teams, they provide information and advice on the business goals. Shepard Hill is the head of Boeing’s large Business Development and Strategy team. His role includes “analyzing...
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...Captain Jack Sparrow in Pirates of the Caribbean: "True enough, this compass does not point north." "...Where does it point?" "It points to the thing you want most in this world.” “If everyone is thinking alike, then no one is thinking.” Saskatchewan as a Player in the Global Resources Market in 2014 Jean-Pierre Colin Capital Markets Strategies JPColin@Sympatico.Ca Mobile: 416-573-4300 2 Synopsis Jean-Pierre Colin draws from his 34 years of experience and wisdom as an investment banker and mining executive to outline criteria for success for mining companies. He also discusses how junior mining company executives in Saskatchewan must “think differently” because: seemingly small decisions by management can affect corporate survival in these times of crisis in the financial markets the new sources of capital that have emerged in the last decade impose important changes in corporate strategy the mining industry in Saskatchewan as a group must promote innovative initiatives to enhance it’s continued importance in the provincial economy. IF EVERYONE IS THINKING ALIKE, THEN NO ONE IS THINKING 3 Survival of an Industry Charles Darwin: “It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.” Is this a down cycle or a fundamental and permanent shift in capital markets? For how long? What will make it revert? Who will survive? IF EVERYONE IS THINKING ALIKE...
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...The elements ın the company’s envıroment that wıll affect Scott’s suggested plans are The unıon: the uıon’s ınterest ıs legıt because they are the ones that work for the company and layıng them off can affect the company’ performance eıther posıtıvely or negatıvely and the unıon may protestthe decısıon to lay them off whıch can cause a set back for the company. The communıty or socıety: the socıety’s ınterset ıs be consıder because they are the ones that form part of the company’s customer database and employees, the company has to consıder ıts socıal responsıbılıty to the socıety and how layıng off of workers wıll affect the communıty’s economy Government offıcıals cıvıc leaders( legal consıderatıon): scott’s suggested plans wıll be affected ıf he doesnt consıder the ınterest of the government offıcıals and cıvıc leaderds because hıs plan wıll have a negatıve ımpact on the communıty and he has to come up wıth and actıon plan that wıll reduce the harm that wıll be done ıf he carrıes out hıs plan wıthout that actıon plan the government offıcıals and cıvıc leaders may make a law or regulatıon that wıll affect hıs company Competıtıon : scott suggested plan has to ınclude competıtıon and cost advantage because the wood ındustry ıs hıghly competıtıve and he has to ensure hıs plans create a good ımage for the company, a good employer’s brandıng, customer loyalty, value brand and employee’s loyalty that ıs far better than what any of hıs competıtor has to offer and at the lowest...
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...Assignment #1 – Total Rewards HRM533 Total Rewards Describe each of the top five (5) advantages of a total rewards approach. 1. Self fulfillment that people are recognized for what they do and encouraged to reach their potential through effective learning and development processes and given feedback on their performance 2. Organization culture roles are clear and organizational and personal values are in alignment so that employees engage and enjoy work (as much as is possible) 3. Another way to consider the necessary components of rewarding people is to view them as individuals, within their team, in the organization and generally in the workplace:- 4. Recognition being appreciated, not taken for granted, having a voice 5. Organizational culture being able to engage and fit with the organization in terms of its values and how things are done Describe five (5) common ways a total rewards strategy can go astray. 1. Simply copying another organization’s reward practices can lead to disaster, 2. It would be harmful for either firm to adopt the reward practices of the other. 3. Not implanting an effective award strategy 4. No considering the employees communication strategy 5. Not following the strategy the way is was implemented Describe the six (6) steps in designing a total rewards program. 1. Set the total reward strategy. With the business context in mind, an organization can develop guiding principles...
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...employees put forth greater effort when following a plan. ii. Bolsters Persistence: Employees will work hard for long periods. iii. Imparts direction: plans encourage managers and employees to direct their persistent efforts toward activities that help accomplish their goals and away from activities that don’t. iv. Furthers development of task strategies: Planning encourages employees to think of better ways to do their jobs. v. Boasts a proven track record: Planning has been proven to work for both companies and individuals. b. Costs vi. It can impede change and prevent or block needed adaptation: Employees can become so committed to achieving the goals that they fail to see that their plan may not be working. vii. It can create a false sense of certainty: Plans are built on assumptions; if those assumptions are incorrect, you may not predict disasters. viii. It can suffer from the detachment of planners: Planners may be good at planning but may not be good at implementing. What good is a plan that is not put into action? 2. What are proximal and distal goals? Which type of goals is more effective? c. Proximal goals: short-term goals or subgoals. They are often more motivating than waiting to achieve far-off distal goals. d. Distal goals: long-term or primary goals. 3. How can companies build flexibility into their plans? e. By using options-based planning ...
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...the investments or projects that can contribute to the growth of the company. Strategic portfolio management "takes the insights gained from portfolio analysis and integrates them into the decision making process of a corporation" (Portfolio Decisions, 2013). In order to effectively manage the project portfolio of a company, strategic portfolio managers needs to create plans and make decisions that can achieve the goals of the company using the least possible amount of risk. The portfolio manager is responsible in determining if the investments are interesting, viable, and can be executed. Project management involves project initiation, planning, execution, monitoring and control, and closure. "Successful project management can then be defined as having achieved the project objectives: within time, within cost, at the desired performance/technology level, while utilizing the assigned resources effectively and efficiently, and accepted by the customer" (Krezner, 2009, p. 3). Strategic portfolio management and project management are closely related. Project management is under strategic portfolio management. Thus the project manager needs to work closely with the strategic portfolio manager in order to achieve success on the projects and investments of a company. Portfolio management is most involved in the planning stage of project management because this is the process where they need to analyze the strengths, weaknesses, opportunities, and threats in their investment or project...
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...to accomplish its mission, and initiatives. Consequently, executive leadership will support sustainable funding plans and lead the institution through these changes (UNM, 2006). In order to achieve success of this strategy several objectives must be accomplish. First having a more collaborative IT and integrated and governance structure helps the institution make the right decisions in respect to IT. These actions will help the Executive VPs to support the idea of IT funding based on value received (UNM, 2006). Within a strategic level, the only technologies that have changed more rapidly are information technology and communications. These changes are driving most of the changes in a more global business environment. Companies that are capable of getting their “arms around” their information systems and communications have a critical competitive advantage. Companies’ content with older technology will find themselves on the wrong side of an ever expanding technology driven gap in customer service, production flexibility, cost efficiency, customer technical support capability, and product customization and differentiation( UMN, 2006). Consequently, executive leadership will support sustainable funding plans and lead the institution through these changes. Communication plays a large part in this. Commitment on developing comprehensive IT human resource plans to include...
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...STRATEGIC PLAN FORMAT & TEMPLATE PART ONE: The Writing Process The formal plan should be written using the following parts: 1. Cover Page (contains the school name/logo, title of your paper (STRATEGIC PLAN for name of your company), submitted to: name of your professor, in partial fulfillment of the course requirement Business Policy and Strategy 2. Acknowledgment (contains expression of thanks or gratitude to persons that helped make possible the completion of your plan.) 3. Table of Contents 4. Chapter 1 – Company Profile 5. Chapter 2 – STRATEGIC PLAN 6. Bibliography (list all your references or sources of ideas. This is a MUST!) Other Writing Mechanics 1. Double space your work observing correct spacing rule. 2. Use pagination. 3. Use Arial font 4. Use font size 12. 5. Book bind 3 copies (only upon approval of your draft submission). 6. Others: Send as PDF copy to me (only upon approval of your draft submission). PART 2 STRATEGIC PLAN FORMAT and TEMPLATE 1. Present your company 2. History (how did it come about) [pic] Note: All Strategic plan proposals should be accompanied with a ‘Table of Contents’ and should be in the order depicted below. Executive Summary | | |Give brief outline of the (Org/Dept). ...
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...seek support, as required. 5. Where your work has been deemed as unsatisfactory, you will be permitted to resubmit the assessment. Refer to RGIT reassessment policy and procedure. 6. Unless the assessment task specifically allows pair work or group activities such as brainstorming, you must submit their own original work and are not permitted to copy the work of other students. Plagiarism is never acceptable. 7. Assessments must be submitted on their due dates. 8. Extensions are permitted in consultation with the trainer. Performance objective Candidates will demonstrate knowledge and skills required to influence groups and individuals. Assessment description Using the workplace scenario information provided, you will plan the implementation and resourcing of an organisational change strategy, consult with various stakeholders, and implement a key part of the change strategy. At all stages, you will build support for the implementation. Note: You will need to keep copies of the work you undergo in this Assessment Task for further use in Assessment Task 3. Procedure 1. Review the simulated business documentation, including policies and procedures, in Appendix 1 ‘Max Lionel Realty’. Review templates contained in Appendix 2 ‘Templates’ for possible use or adaptation in completing assessment task requirements....
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