Saturday, May 23, 2020
Confessions of an Economic Hit man John Perkins The reasons as to why I selected this book was heavily weighted on my personal interests. The fact that I am interested in matters of economics, imperialism, capitalism and deception and corruption on a government level, made reviewing Confessions of an economic hit man an enjoyable experience. Ã¢â¬Å"For them, this is a war about the survival of their children and cultures, while for us it is about power, money and natural resources. It is one part of the struggle for world domination and the dream of a few greedy men, global empire.Ã¢â¬ (prologue) If confessions of an economic Hit man had to be summarised in a sentence, the quotation above should give you the reader briefly; a generalÃ¢â¬ ¦show more contentÃ¢â¬ ¦Mafia bosses often start out as street thugs. But over time, the ones who make it to the top transform their appearance. They take to wearing impeccably tailored suits and owning legitimate businesses.Ã¢â¬ Ã¢â¬Å"They are quick to lend money to those in desperate straitsÃ¢â¬ They appear to be model citizens. However beneath this patina is a trail of bloodÃ¢â¬ (page 139) Using the mafia analogy it is clear to diagnose what is wrong with the strategic decisions that have been made in the past and are still being made now in regards to, how governments and EHMs leave behind trails of blood just as Mafia bosses can in order to carry out their business. But the Ã¢â¬Å"model citizensÃ¢â¬ who are in disguise such as EHMs are seen in a completely different light in that to crime lords. Many strategies have been devised by empires over centuries, these strategies and decisions have helped shape the world as it is in its present state. The author explains how strategic decisions made in the past were the wrong decisions in his opinion, as John Perkins had seen first hand the devastation that could be caused by the American government in its pursuit for a Ã¢â¬Å"global empireÃ¢â¬ . An example of this is how in the 1960Ã¢â¬â¢s, a key strategy was being implemented by the world governments. This was the switch from neoclassical economics to Keynesian economics. In America thisShow MoreRelated Confessions of an Economic: Hitman1425 Words Ã |Ã 6 PagesEconomic Hitman I decided to talk about Economic Hitman because since I opened the web site, I got attracted by this quote Ã¢â¬Å"Dedicated to transforming the world into a sustainable, just and peaceful home where all beings can thriveÃ¢â¬ , by John Perkins who is an American author and one of the famous economist person in the world because he claims to have played a role in an supposed process of economic establishment of Third World countries on behalf of what he shows as a section of the United StatesRead MoreConfessions Of An Economic Hitman Essay2564 Words Ã |Ã 11 PagesConfessions of an Economic Hitman Identifying Corporate Social Responsibility Issues Corporate Responsibility Dr. Farzad Rafi Khan April 16th, 2015 Team 1 Andrew Wirawan Ali Karamustafaoglu Ashtyn Packer Christ-Arnaud Lacombe Marion Mayer Ulrik Karlsen Contents Introduction 2 Reflection on John PerkinsÃ¢â¬â¢ Sincerity 3 What Do the Voices From Below Show? 5 How Can Institutions Transform and End Malicious Practices? 6 How to Increase Awareness in Society? 8 Conclusive Thoughts about theRead MoreThe New Confessions Of An Economic Hitman By John Perkins1978 Words Ã |Ã 8 PagesIn the book Ã¢â¬Å"The New Confessions of An Economic HitmanÃ¢â¬ by author John Perkins, he discusses in detail his experience as an economic hitman, and the role he played in underdeveloped and developing countries. He writes about his, various multinational corporations, political institutions, and the United States role in indebting countries to profit off them. Essentially, his book is about the United States way in expanding globalization and what can be done to stop the exploitation of other countriesRead MoreJohn Perkins Is An American Novelist1088 Words Ã |Ã 5 Pages About the Author John Perkins is an American novelist. Confessions of Economic Hitman (2004) is one of his bestsellers. Perkins graduated in 1963 from the Tilton School and completed Bachelors of Science degree in Business Administration in 1968 from Boston University. From 1968-1970, he volunteered for Peace Corps in Ecuador. He was screened by National Security Agency (NSA) while working for a firm in Boston, Chas.T.Main during 1970s to work as EHM. His job as EHMRead MoreDocumentary Analysis: Zeitgeist Addendum Essay815 Words Ã |Ã 4 Pagesinterview with John Perkins, author of Confessions of an Economic Hitman. From the word Ã¢â¬Å"Hitman,Ã¢â¬ we know that money, economy, politics, and control was involved. In this part, Latin-American countries had leaders who strived to improve their countryÃ¢â¬â¢s economy. Big corporations even the United States confronted these leaders in an effort to control their resources or source of money then subjugate them through loans. Some of the leaders refu sed the offer then the hitman comes in. These countries were IranRead MoreThe Bilderberg Group Conspiracy Theory1548 Words Ã |Ã 7 PagesNew York Times, Time Magazine, Royals, heads of Parliament, among many others. Ã¢â¬Å"Wealth is only as useful as the power you actually wield with itÃ¢â¬ and he believes that the group sent, the date for the invasion of Iraq, set oil prices, and caused the economic crash ultimately showing that they run the world (Estulin). The Bilderberg group wants to decrease the population by 80% because they believe that they cannot control the current population (Jones). This is because the elitists want to only haveRead MoreEssay on Grassroots Boycott: The Fight for Human Rights 726 Words Ã |Ã 3 Pagesresult of unbridled capitalism.Ã¢â¬ Author John Perkins, also known as the Ã¢â¬Ëeconomic hitmanÃ¢â¬â¢ describes his role as a highly paid professional who helped the U.S. cheat poor countries around the world out of trillions of dollars by providing them more money in which they could not pay back and later, taking over their economies in exchange of natural resources such as oil. In the epilogue of his book Ã¢â¬Å"Confessions of an Economic HitmanÃ¢â¬ he expresses his thoughts on taking ownership and changing the systemRead MoreThe Impact Of Globalization And Globalization1582 Words Ã |Ã 7 Pagesreservation-like areas and are left to adapt or perish by themselves. As modern society requires more a nd more raw material for industry and innovation, the land and culture of the native people is being destroyed. John Perkins explains in Confessions of an Economic Hitman that indigenous land is being ravaged in the search for raw material and the mass growing of crops. American corporations are allowed to run rampant in foreign land by using billions of dollars of debt owed to America by foreign countriesRead MoreAn Unequal Distribution Of Wealth And Power Across The Nation2049 Words Ã |Ã 9 Pagesregarding our economic lives. Our understanding of whatÃ¢â¬â¢s going on with the wealth distribution and the actuality of whatÃ¢â¬â¢s going on is two completely different things. So you may ask, whatÃ¢â¬â¢s the reason behind this inequality? The answer is corporations and big businesses. Corporations such as Bank of America, Nike, Google, Apple, and Microsoft are rising to power. Corporations have also completely diminished the original intent of our Founding Fathers. According to Collin and YeskelÃ¢â¬â¢s Ã¢â¬Å"Economic ApartheidRead MoreUnited Nations and World4943 Words Ã |Ã 20 Pa gesNEO-COLONIALISM Neocolonialism describes how, after World War II, colonial powers started using economics i.e. lending and interest rates, to control former colonies and cultivate new areas, thereby creating political, economic and social dependencies. Neocolonialism describes certain economic operations at the international level which have alleged similarities to the traditional colonialism of the 16th to the 20th centuries. The contention is that governments have aimed to control other nations
Monday, May 18, 2020
Identify a global organization with a multinational presence. Identify and research a cultural issue that affects this organizations interactions outside the United States. Define the issue and provide an overview of how it became an issue in the organization. Prepare an analysis of the ethical and social responsibility issues your organization must deal with as a result of being global. Write a 1,050- to 1,400-word paper summarizing the results of the analysis. Include the following: Identify ethical perspectives in the global organization. Compare these perspectives across cultures involved in the organization. Describe a viable solution for this issue that could be acceptable by all stakeholders.Ã¢â¬ ¦show more contentÃ¢â¬ ¦An investigation was conducted where Nike was found to have a large number of cases that involved forced labor or child labor law violations in some of the large apparel factories of Nike. In a particular factory in Malaysia, it was found that Nike was operating production in terrible working conditions for the employees in addition to the forced labor. It was found that Nike had underage children working in sweatshops up to seventy hours a week in unhealthy conditions making their products. Pakistan has a population of approximately 1 million people and it is also an important location or Ã¢â¬Å"hubÃ¢â¬ per say for the production of goods that are to be... Cross Cultural Perspectives A money-spinning product fed by an incongruous campaign Just Do It, Nike a global company who increased its share from $ 877 million worldwide to $ 9.2 billion within 10 years (NikeÃ¢â¬â¢s Ã¢â¬Å"Just Do ItÃ¢â¬ Advertising Campaign, 2011). A brilliant profit boosting marketing campaign, in which many evoked possibilities, audacity whereas others evoked indifference for human rights standards, and the ecological system. This paper will provide an analysis of NikeÃ¢â¬â¢s social responsibilities, and ethical issues on global production. Concerns as child labor laws, wages violations, lack of health and safety on workplace, and ecological insolence (A Cultural Study of Nike, 2011). Additionally, this document will assess the ethical perspectives acrossShow MoreRelatedEssay on Analysis of Nike Corporation1746 Words Ã |Ã 7 PagesAnalysis of Nike Corporation Financial Analysis Description of Company History Nike Corporation has become one of the most competitive sports and fitness companies worldwide. Two runners, Bill Bowerman and Phil Knight, from a small town in Oregon embarked upon the business with a handshake agreement. The enterprise began in January of 1964 with the introduction of Blue Ribbon Sports. In 1966 the handshake between Bowerman and Knight was made official with a formal written partnershipRead MoreCase Study : Ford Corporation, And Nike Corporation Essay859 Words Ã |Ã 4 Pagesthat I selected for this project were Microsoft Corporation, Ford Corporation, and Nike Corporation. Their company symbol which is exhibited by the National Association of Securities Dealers Automated Quotations (NASD) and New York Stock Exchange (NYSE) for Microsoft is MSFT, for Ford is (F) and Nike is NKE. Financial Results of Investment The companies that I selected for this project were Microsoft Corporation, Ford Corporation, and Nike Corporation. Their company symbol which is exhibited by theRead MoreNike Corporation Had A Reported Revenue Of $20,900,000,0001391 Words Ã |Ã 6 PagesNike corporation had a reported revenue of $20,900,000,000 with profits of $2,100,000,000 (Keady, 2011). To obtain this cash flow, worldwide Nike is noted for employing 1,000,000 workers in 1,000 factories in fifty-two countries (Keady, 2011). Adding to this idea of worker exploitation, it is reported in NikeÃ¢â¬â¢s corporate responsibility report in 2005 that 25% to 50% of NikeÃ¢â¬â¢s overseas factories that workers experienced physical, verbal, sexual, and psychological abuse (Keady, 2011). In 50% to 100%Read MoreCross Cultural Perspective Ã¢â¬â Nike Corporation Essay1121 Words Ã |Ã 5 PagesCross Cultural Perspective Ã¢â¬â Nike Corporation In this essay, I will attempt to present an analysis of the ethics and social responsibility issues that an organization can face when it is a global organization. One of the most recognized organizations globally would without a doubt have to be the Nike Corporation. Several years ago the Nike Corporation came under fire for using child labor in Pakistan and Cambodia to make their soccer balls. Because Nike came under fire for this unethical and inhumaneRead MoreAdidas Referee Kits For International Association Teams1035 Words Ã |Ã 5 PagesÃ Adidas is a German worldwide corporation that designs and produce sports shoes, clothing and accessories headquartered in Herzogenaurach, Bavaria. It is the largest sportswear manufacturer in Europe and the second biggest in the world. Football kits and the associated equipment for football has always been Adidas main focus Ã . Adidas remains a major company in the supply of team kits for international association football teams and clubs . Adidas makes referee kits. Adidas referee kits Ã are usedRead MoreNike And Challenges Of Nike Inc. Essay1349 Words Ã |Ã 6 PagesExecutive Summary Nike was founded in 1972 by Philip Knight and Bill Bowerman. The focus of this report would be an analysis of how NikeÃ¢â¬â¢s manages and delivers its service to its customers. It also looks into NikeÃ¢â¬â¢s emphasis on its product quality and innovative design to meet the ever changing consumer preferences. By looking at its current strategies that Nike adopt and its appropriateness, this report will provide you a better understanding on how consumer see Nike and challenges that Nike Inc. facesRead MoreNike : The World s Leading Supplier Of Athletic Shoes1625 Words Ã |Ã 7 PagesNike is the worldÃ¢â¬â¢s leading supplier of athletic shoes and merchandise. Within the United States alone Nike has exceeded $3.7 billion in total sales, and they make up more than 47% of the U.S. athletic sneaker market. Nike has been supplying the world with the top athletic sneakers and apparel since 1978. Originally founded as Blue Ribbon Sports by Bill Bowerman and Phil Knight in 1962, the brand didnÃ¢â¬â¢t see increases in success until they rebranded in the late 1970Ã¢â¬â¢s. In 2015 Nike announced thatRead MoreBusiness Analysis : Dick s Sporting Goods737 Words Ã |Ã 3 Pagesan authentic full-line sporting goods retailer offering a broad assortment of brand name sporting goods equipment, apparel and footwear. C. ProspectÃ¢â¬â¢s Job Title: Purchasing manger D. Key Facts: DICKÃ¢â¬â¢S Sporting GoodsÃ¢â¬â¢ is a Fortune 500 American corporation in the sporting goods and retail industries headquartered in Findlay Township. DickÃ¢â¬â¢s has 610 stores in 47 states as of March 16, 2015 primarily in the eastern half of the United States. Founded in 1948 by Richard Ã¢â¬Å"DickÃ¢â¬ Stack, the chain has expandedRead MoreNike Pestle Analysis1088 Words Ã |Ã 5 Pages Nike is a US-based company that sells sports apparel for men, women, and children and is a major competitor in the industry, In this paper, weÃ¢â¬â¢ll be discussing NikeÃ¢â¬â¢s standings by using a PESTLE analysis, which looks at the political, economic, social, technological, legal, and environmental factors that affect an organization (A Pestle analysis, 2017). The first trend is political find this company in a similar arena as most corporations since the topic effect the management of the company andRead MoreSwot Analysis Of Nike s Marketing Strategy1543 Words Ã |Ã 7 Pagesapplying diversification strategy and being successful in diversification is Nike, Inc. This paper discusses NikeÃ¢â¬â¢s diversification strategies and how the company succeeds in using it. Along with corporate level strategy, this paper also touches upon the international strategy that Nike uses. Key Tie-Ins Ã¢â¬ ¢ Diversification strategy Ã¢â¬ ¢ International strategy Nike Diversification Strategy Upon first glance it is not very obvious that Nike employs diversification in their overall corporate strategy. The company
Tuesday, May 12, 2020
On October,19,2017 I watched a Ted Talk Called Ã¢â¬Å" Dangers of a single storyÃ¢â¬ by Chimamanda Ngozi Adichie. She spoke about her life in Nigeria before she studied abroad in The United States of America and the dangers of knowing 1 side of the story this is also known as Ã¢â¬ËBiasÃ¢â¬â¢. After watching Chimamanda Ngozi AdichieÃ¢â¬â¢s Ted talk, I believe not everyone in Africa lives in poverty, stereotypes in Children s books cause unrealistic ideas of reality and the media fabricates news to generate views and labels specific groups of people. Every day each and every one of us hears international news whether we hear it, we read or we watch it. When I was younger there was a Unicef commercial claiming they be children in poverty and they needed fundingÃ¢â¬ ¦show more contentÃ¢â¬ ¦When I was younger my mom use to read me a children s book every night at bedtime. I remember when I was in Junior Kindergarten she once read me a Disney classic book called Ã¢â¬Å"The Jungle BookÃ¢â¬ and after reading the book for months I had thought if the main character Mowgli could talk to animals so could I, that was until I went to the Toronto Zoo. I tried to talk to the Giraffe and the Giraffe wouldn t talk back to me. I was baffled. That was the first time 3-year-old Monika could distinguish nonfiction to fiction. I never looked at a book the same. Children believe everything you tell them. Writers may be running out of material, But the content needs to be the reality. I also understand the writer s point of view of running out of ideas, But children need to read real books. As I got older I realized certain races were being portrayed in certain ways that aren t respectable to the group of people. I have read books were Asian/Brown kids were smart, caucasian people be rich, and a person with dark skin was bad or not doing well in school, I m not saying every book is like that, but unfortunately some are. Children shouldn t grow up thinking one race is better than the other. Kids need to know the truth, so they understand people are different But there are the same as you. Chimamanda Ngozi Adichie said Ã¢â¬Å"Just cause 1 person does it, doesn t mean all will do itÃ¢â¬ ,Show MoreRelatedRhetorical Language : The Power Of Words1534 Words Ã |Ã 7 Pagesbecause words can have its own power. By using persuasive and rhetorical tactics, words can lead an army to victory. In addition, persuasive and rhetorical language has the power to make someone realize their opponentÃ¢â¬â¢s views regarding a certain topic because thatÃ¢â¬â¢s what persuasive and rhetorical language does. What persuasive and rhetorical language does is to convince people to see their point of view. Many people have tried to define what persuasive and rhetorical language is. Early philosophersRead MoreDoes Technology Affect Us As Human Beings?930 Words Ã |Ã 4 Pagesthing. Turkle has a sample of an essay of hers in the book, They Say, I Say. The name of the essay is Ã¢â¬Å"No Need to Call,Ã¢â¬ and Sherry Turkle s claims could be implied by this quote from her essay, Ã¢â¬Å"subscr ibing to a new etiquette, claiming the need for efficiency in a realm where efficiency is costly.Ã¢â¬ Turkle believes that us using digital communication has costly repercussions to our humanity and our ability to have empathy to one another. However, this quote and essay has much more depth to it. WhenRead MoreWhy Domestic Violence Victims Don t Leave By Leslie Morgan Steiner Essay870 Words Ã |Ã 4 PagesLeslie Morgan Steiner, TED talk Ã¢â¬Å"Why Domestic Violence Victims DonÃ¢â¬â¢t leaveÃ¢â¬ Leslie Morgan Steiner, TED talk Ã¢â¬Å"Why Domestic Violence Victims DonÃ¢â¬â¢t leaveÃ¢â¬ , analyze how the violence victims interact with their situation. In her talk, Steiner discusses, why victims don t leave their abusers, if they know that they are victims of violence and why did not break the silence. Also, Steiner says that the domestic violence can happen to everyone all races, all religion, all income and education levels. HoweverRead MoreDevry Engl 147 All Discussion Questions Ã¢â¬â Graded1196 Words Ã |Ã 5 PagesWhy is this necessary? Use examples from the Information Literacy module you reviewed this week. This section lists options that can be used to view responses. WEEK 3 Presenting Ideas (graded) Persuasive presenters have several traits in common. Browse through TED talks http://www.ted.com/talks or American Rhetoric Website at http://www.americanrhetoric.com/ to find notable speakers who demonstrate strong communication traits. Compare and contrast the ways these speakers meaningfully communicateRead MoreAnalysis Of Chimamanda Adichie s The Danger Of A Single Story1109 Words Ã |Ã 5 PagesIntroduction Chimamanda Adichie is a novelist and a narrator who delivered a persuasive speech on what she calls; The Danger of a Single Story but in reality what it means is the danger of stereotyping. Dictionary.com defines Stereotype as Ã¢â¬Å"A generalization usually exaggerated or oversimplified and often offensive, that is used to describe or distinguish a group.Ã¢â¬ Adichie delivered her presentation on a very well-known website called Ted.com, with one objective in mind, to prevail upon everyoneRead MoreMass Electronic Surveillance is an Invasion of Privacy Essay2474 Words Ã |Ã 10 Pagesof the citizens of other countries should be respected. This essay seeks to remedy these problems by analyzing the literature and development in this field. The main issues addressed in this paper are the ways in which state uses its power to do surveillance and how they justify to common people their behaviour. It further analyses the reaction of the general public and the effects of such mass surveillance on common people. The essay has been organized in the following way. This paper first givesRead MoreAnalysis Of Pojman s Defense Of The Death Penalty Essay1825 Words Ã |Ã 8 Pagescriminals like, Ted Bundy( who is reported to have raped and murdered over 100 women) and the two men who gunned down the grocer have committed capital offenses and deserve nothing less than capital punishment. On the bottom of page 183 Pojman says, Ã¢â¬Å"No doubt malicious acts like the ones committed by these criminals deserve worse punishment than death and I would be open to suggestions of torture (why not?), but at a minimum, the death penalty seems warranted.Ã¢â¬ Pojman even talks about torture inRead MoreMetamorphoses Within Frankenstein14861 Words Ã |Ã 60 Pagessuch established Pro methean masterpieces as ShelleyÃ¢â¬â¢s Prom eth eus Unbound and ByronÃ¢â¬â¢s ManfredÃ¢â¬â¢, to quote Sandra Gilber t and Susan Gubar, and Mary Shelley her self only acknowledged because of the Ã¢â¬Ëliterary /familial relationshipsÃ¢â¬â¢ sh e repr esen ted.5 G ilb ert and Gubar may well hav e had in mind H arold BloomÃ¢â¬â¢s influen tial visionary h ierar chy: what mak es Frankenstein an importan t book, though it is only a strong, flawed novel with frequen t clumsiness in its narr ative and characterizationRead More65 Successful Harvard Business School Application Essays 2nd Edition 147256 Words Ã |Ã 190 PagesGRIFFIN NEW YORK 65 SUCCESSFUL HARVARD BUSINESS SCHOOL APPLICATION ESSAYS, SECOND EDITION. Copyright Ã © 2009 byThe Harbus News Corporation. All rights reserved. Printed in the United States of America. For-information, address St. Martins Press, 175 Fifth Avenue, New York, N.Y. 10010. www.stmartins.com Library of Congress Cataloging...in..Publication Data 65 successful Harvard Business -School application essays : with analysis by the staff of The Harbus, the Harvard Business School newspaperRead MoreLogical Reasoning189930 Words Ã |Ã 760 PagesI say the defense attorney has shown that Mayfield could have been framed. Sure, theres some evidence against Mayfield, but not enough. Dr. White: Mayfield is as guilty as sin. He wont even look the judge or the prosecutor in the eye when they talk to him. Very suspicious. You left that out of the story, Jones. Mayfields an alcoholic, too. Think of the number of crimes committed by alcoholics. They need that next drink, right? Also, even though he now admits being in the All-Night Grocery
Wednesday, May 6, 2020
Audit Proposal By: Catherine Chase Instructor: Khatrina Higgs, CPA ACC/542 Audit Proposal Abstract Understanding the audit process and how auditors operate is vital since it informs IT managers how to develop an environment that is compliant. More importantly, this brief will discuss the role of the auditor and its responsibilities as well as expand on the role and responsibilities of management during and after the audit. This brief will also focus on the methodologies of how auditors conduct the IT audit process and the specifics that are involved in performing an audit as well as the responsibilities of management. Financial Audit vs. IT Audit The primary objective of a financial statement audit is to ensure thatÃ¢â¬ ¦show more contentÃ¢â¬ ¦Additionally, AICPA issued SAS No. 90, which requires Auditors conduct open and frank discussions with management and the audit committee relating to the quality and the acceptability of the organization s accounting principles as it pertains to its financial statements. These discussion should generally also include matters relating to the consistency and application of the accounting policies as well as the clarity and completeness of the financial statements (Reinstein Houston, n.d.). The new rules by the SEC s require audit committees to include a report in the company s proxy statement that informs shareholders of the committee s financial oversight responsibilities. Auditing Around The Computer The auditing around the computer approach is pragmatic when computer applications are simplex. Moreover, SAS No. 94 doesnÃ¢â¬â¢t eliminate the use of this technique, rather, this approach may be well suited for firms using a variety of accounting software that process applications periodically, or where the audit trail generated is extensive and allows outputs to be referenced back to inputs. However, one of the primary weaknesses of auditing around the computer is that it is unable to determine whether the program logic is correct, nor does this approach reveal how the automated controls respond to a wide variety of transactions that contain errors. Therefore, in a complex IT environment, this approach may potentially overlook significant errors rendering itShow MoreRelatedaudit proposal1127 Words Ã |Ã 5 Pages Audit Proposal Brenda Pina, Rachel Foster, Maria Kight, Christine Twiford, and Clorissa Willie ACC/542 July 14, 2014 Professor Thomas Cappels Audit Proposal There are many different types of audits including internal, external, and information technology. Companies should be familiar with the types of audits that may possibly be used on an Accounting Information System (AIS). Knowing the different types of audits and where they are used will help a company be ready for an audit and makeRead MoreEssay on Audit Proposal1327 Words Ã |Ã 6 Pageswould now like to see a proposed audit schedule for these systems. The team will distinguish between the types of audits that may use for each process. The team will also recommend the most appropriate audit for each process and explain how to conduct the audits. Identifying events that may prevent reliance on auditing through the computer will also be presented to Kudler for review (Apollo Group, 2009). Types of Audits The types of information technology audits are attestation, findings andRead MoreEssay on Audit Proposal - 1Ã §1611 Words Ã |Ã 7 PagesAudit ProposalÃ¢â¬âKudler Fine Foods Previously Kudler Fine Foods had asked accounting firm 123 Accounting for their recommendation on a system which would improve automation in their business processes. Accounting firm 123 Accounting provided Kudler with a recommended course of action to take towards automating their accounting information system, as well as provided a flowchart to assist in describing the process by which the software will help management consolidate their financial data. CurrentlyRead MoreAcct 542 Audit Proposal Essay1239 Words Ã |Ã 5 PagesAudit Proposal Audit Proposal Kudler Fine Foods has many different types of audit to consider that could be used for each functional areas of AP, AR, inventory management and payroll. This brief has the purpose to distinguish among the types of audits that could be used for each process; to recommend the audit most appropriate for each process; to explain how the audits will be conducted; and to identify events that could prevent reliance on auditing through the computer. Types of Audit Read MoreProposal on Energy Audit1640 Words Ã |Ã 7 PagesProposal Energy Audit: An energy audit is an inspection, survey and analysis of energy, flows for energy conservation in a building, process or system to reduce the amount of energy input into the system without negatively affecting the output(s). Energy audit identifies opportunities for financial savings by elimination of wasteful use of electricity, coal and fuel oil, without affecting the process or quality of product. Need for Energy Audit: It has been established that EnergyRead MoreTalent Management and Development Audit and Strategy Proposal1551 Words Ã |Ã 7 PagesTalent Management and Development Audit and Strategy Proposal James McClain Jr. Walden University Bank of America is a bank and financial holding company. It is a financial institution that serves individuals small and large business, large corporations and the government. The bank offers banking, investing, asset management, risk management, and other financial services. Through its subsidiaries and other nonbanking subsidiaries in the United States and international markets it providesRead MoreCase Study : Eagle s Nest Motel Essay1255 Words Ã |Ã 6 Pagescompany to expand further. Areas of investments are Time Shares Companies, 24hrs Cafe, and Car Rentals. Background: The goal of the proposal is to provide and merge the available resources to invest and increase its market position locally or internationally. The investment plan if approved will offer greater expansion of the company over 5 years. This proposal will be presented to the Executive Directors for endorsement. Objective: The strategy of the investment plan involves: 1. To advance theRead MoreCase Study : Eagle s Nest Motel Essay1264 Words Ã |Ã 6 Pagescompany to expand further. Areas of investments are Time Shares Companies, 24hrs Cafe, and Car Rentals. Background: The goal of the proposal is to provide and merge the available resources to invest and increase its market position locally or internationally. The investment plan, if approved will offer a greater expansion of the company over 5 years. This proposal will be presented to the Executive Directors for endorsement. Objective: 1. The strategy of the investment plan involves: 1. To advanceRead MoreRfp Inventory Control Essay5651 Words Ã |Ã 23 PagesRequest for Proposal An Inventory Control System Just Seeds Unlimited Co. 4105 Stuart Andrew Blvd Unit #3 Charlotte, NC 28217 704.222.2222 Distribution List (TBD) Linnea L. Williams firstname.lastname@example.org PM598 Ã¢â¬â May 2011 TABLE OF CONTENTS 1. INSTRUCTIONS TO BIDDERS 5 1.1. General Description of Work 5 1.2. What Must Be Included with Bid 5 1.3. Schedule of Bid Period Activities 6 1.4. Location of Work 6 1.5. Pre-Bid Meeting 7 1.6. Owner Contact for QuestionsRead MoreEssay about Request for Proposals26340 Words Ã |Ã 106 PagesRFP-427.04-107-08 STATE GOVERNMENT DEPARTMENT OF FINANCE AND ADMINISTRATION REQUEST FOR PROPOSALS FOR INFORMATION SECURITY ASSESSMENT SERVICES (ISAS) RFP NUMBER: 427.04-107-08 CONTENTS SECTION 1 2 3 4 5 INTRODUCTION RFP SCHEDULE OF EVENTS PROPOSAL REQUIREMENTS GENERAL REQUIREMENTS CONTRACTING INFORMATION PROPOSAL EVALUATION CONTRACT AWARD RFP ATTACHMENTS: 6.1 Pro Forma Contract Contract Attachment A: Attestation Re Personnel Used in Contract Performance Contract Attachment B: Memorandum
Introduction Warren E. Buffett, the chairperson of Berkshire Hathaway (BH), is the worldÃ¢â¬â¢s greatest investor of the current era. From 1965 to 2007, BH has compounded annual gain of 20. We will write a custom essay sample on Berkshire Hathaway or any similar topic only for you Order Now 3% while SP has 9. 3% (Berkshire Hathaway Inc. , 2009). Most investors get normal returns and believe the market is in semi strong form. However Buffett believes the market is inefficient and acts on his own investment philosophy. This report will analysis BHÃ¢â¬â¢s acquisition of PacifiCorp, evaluate BuffettÃ¢â¬â¢s performance against EMH and discuss his ethical standards. Berkshire Hathaway Ltd. VS Scottish Power Plc. After the acquisition was announced, BH Ltd. nd Scottish Power Plc. both experienced price ran up. Reilly and Brown (2009) state that, the acquired firmÃ¢â¬â¢s stock price usually increases; resulting from the premium offered by the acquiring firm, whereas stock price in the acquiring firm usually decreases as the concern of overpaid. However, the deal between BH and Scottish Power was a different case. BH and PacifiCorp share price increased by 2. 4% and 6. 28% on the announcement day, it indicated that most investors and markets recognized the bid of PacifiCo rp was fair and believed that acquiring PacifiCorp was a good investment that could benefit BH. Malatesta and Thompson (1985, p. 249) stated that an acquisition program is desirable and profitable for active acquirers and successive acquisition attempts associated with positive announcement effects. Therefore, as an active acquirer, BH could benefit from the successful acquisition of PacifiCorp and have positive share price performance. In addition, the share price performance of PacifiCorp proved the existence of its intrinsic value and Buffett made a right decision in recognizing the fact. Jennings and Mazzeo (1991, p. 40) suggested that the acquisition process is usually associated with significant unexpected stock returns and bidder would only make an offer to the target when the value of target is less than the market price. Therefore, BuffettÃ¢â¬â¢s calculation of PacifiCorpÃ¢â¬â¢s value must have supported this notion. Although the share price performance might be an affect of Warren BuffettÃ¢â¬â¢s fame, it was sufficient enough to reflect the exactly value created by the deal between BH Ltd. and Scottish Power Plc. Valuation for PacifiCorp Bruner, Eades and Schill(2010, p. ) stated that MidAmerican Energy Holdings, BuffettÃ¢â¬â¢s utility company, acquired PacifiCorp from its parent, Scottish Power Plc, for $5. 1 billion in cash and $4. 3 billion in liabilities and preferred stock. The bid for PacifiCorp can be proved as Ã¢â¬Å"fairÃ¢â¬ through three methods, including discounted cash flow, intrinsic value, comparable and precedent acquisition. Present Value of Operating Free Cash Flows DCF method can be viewed as the conceptual basis for most relative valuation criteria (Titman and Martin 2007, p. 215) However, the growth rate was unknown in this case. In order to use the model, the growth rate was assumed to equal to the growth rate of 2004 to 2005 which was 0. 0145. In five years investment horizon, NPV of $5. 1 billionÃ¢â¬â¢s bid is negative if the growth rate equal to 0. 0145 (Appendix I; table 1 and table 2). If the growth rate is equal or larger than 0. 594, the $5. 1 billion bid would have positive NPV. Therefore, it can be concluded that in five years, the bid for PacifiCorp is Ã¢â¬Å"fairÃ¢â¬ if the net income of PacifiCorp can increase by 59. 4% or more Intrinsic Value Bruner, Eades and Schill (2010, p. ) indicated that Buffett believes intrinsic value is effective in evaluating the relative attractiveness of investment. (Appendix II, table 3)The $5. 1 billion bid for PacifiCorp could be defined as Ã¢â¬Å"fairÃ¢â¬ since every dollar to acquire PacifiCorp becomes $1. 22 in the 10 year investment horizon. Comparable Boeh and Beamish (2007, p. 102) stated that it is common to revalue a firm based on the trading multi ples of a group of similar firms. By looking at the direct competitors who have comparable sizes and growth stages, a more appropriate valuation can be obtained. The implied values of PacifiCorp are $9. 23 billion and $9. 076 billion w. r. t. the median and mean multiple of EBITDA (Appendix II, table 4). Titman and Martin (2007, p. 228) indicated that the most popular approach used to estimate a firmÃ¢â¬â¢s enterprise value involves the use of a multiple of EBITDA. Therefore, compared to the $9. 4 billion bid for PacifiCorp, it can be concluded that the bid is Ã¢â¬Å"fairÃ¢â¬ . Precedent Acquisition Boeh and Beamish (2007, p. 102) suggested that precedent acquisition is used to value a firm based on other similar acquisitions that have recently occurred. It directs firm to use the most appropriate valuation. Assessing the $9. 4 billion bid for PacifiCorp can be defined as Ã¢â¬Å"fairÃ¢â¬ . Bruner, Eades and Schill(2010, p. 13) mentioned that the timing of BHÃ¢â¬â¢s bid closely followed Duke EnergyÃ¢â¬â¢s bid to acquire Cinergy for $9 billion. Compare their characteristics (Appendix II, table 5) PacifiCorp and Cinergy deal in the same industry and have similar amount of customers, capital structure and EBITDA. Therefore, it can conclude that they are comparable and the deal between Duke Energy and Cinergy can be used as a reference to value PacifiCorp. Buffett VS Semi-Strong Form Efficient Semi-strong form efficiency states that security prices adjust rapidly to the release of all public information; that is, current security prices fully reflect all public information (Reilly Brown, 2009, p. 153). According to BH Inc. , (2009), BHÃ¢â¬â¢s has compounded annual gain of 20. 3% while SP has 9. 3% since 1965 to 2009. This clearly shows that Buffett obtains abnormal return. Regarding semi-strong form, Buffett states that the only way to result in superior returns is by using private information or relying on pure luck (Buffett); supporting BuffettÃ¢â¬â¢s idea the market is not in semi-strong form. Assuming that market is in semi-strong form, the rationale toward BuffettÃ¢â¬Ës superior performance is that Buffett has accurate market analysis. Market is not efficient to determine undervalued or overvalued assets and capitalize on the inefficiency (Sappideen, 2009). Buffett is one example of superior performance on undervalued stocks. Buffett Investment Philosophy VS Conventional Finance Theory Risk Diversification Risk is directly related to the difference between price and value. With a smaller dollar difference, the investment is more risky. Buffett employs a margin of safety of 25% (Finkle, 2010) before investing. Based on his measure of risk, Buffett expects high returns when risk is low Ã¢â¬â not high average returns when risk is high. Buffett discounts (seemingly risk-less) cash flows at the risk free rate (similar to the certainty equivalent approach) not the risk-adjusted discount rate. As a result, Buffett rejects benefits of portfolio diversification (top down approach to investing). The use of diversification as a means to minimize risk is an extensively promoted concept in the financial industry (Polbennikov, Desclee, Hyman, 2010; Jorion, 1985); opposite that of which Buffett recommends. Conventional financial theory dictates that investors are willing to take on higher risk with the prospect of gaining higher returns (Dilmore Wilson, 1992). Whereas Buffett, expects high returns when risk is low. Leverage Buffett mentioned not to use leverage in investments (Lewis, 1992), but usually firms choose to be highly leveraged due to tax advantages (Opler and Titman, 1994). In cases of mergers, an increase in financial leverage benefits shareholders through tax deductibility of interest payments on corporate debt. It might also enhance shareholdersÃ¢â¬â¢ wealth through an expropriation of wealth from bondholders (Ghosh and Jain, 2000). Merging firms increase their financial leverage around mergers and this can signal better acquisitions, which increases the market value (Maloney, McCormick Mitchell, 1993). Berkshire Hathaway Goldman Sachs During financial crisis in 2008, BH invested $5 billion in Goldman Sachs Group. During the time, Goldman Sachs was blamed by U. S Securities and Exchange CommissionÃ¢â¬â¢s for placing its client at stake (McGee Frye, 2010). Buffett was sued for civil fraud by regulators and assaulted by Congress for business dealing; without concern for the crisis situation (Patterson, 2010). As a result of investing in Goldman Sachs, Buffett was benefitted and obtained a large return from it. Even though in general, BerkshireÃ¢â¬â¢s movements have been ethically sound, Buffett should be aware of unethical behaviours issues that can impact company reputation. Berkshire Hathaway Petro China In April 2003, BH bought 11% of Petro China (Oster Cui, 2007); one of the largest oil companies in the world. BH shareholders fear the issue of genocide between China and Sudan. Consequently, BH sold its stake in 2007 at the cost of losing potential returns (Kostigen, 2007); most prominently because BH became concerned with Petro ChinaÃ¢â¬â¢s connection with the Sudanese civil war. Thus action taken by Warren Buffet has influenced large numbers of colleges, universities and states to take action in divesting companies that help fund the genocide in Darfur (Investors against Genocide, 2007). Ethics and Social Responsibility Even though Buffett has been criticized for using political power for personal gain, Buffett and BH do show evidence of having strong ethical behaviour. Buffett as an active philanthropist has donated 5,000 Class B shares of BH stock, worth approximately $16 million, to an unnamed charitable foundation (Associated Press, 2006). As well in 2006, BH was nominated by Fortune to be one of the twenty most admired companies in America and eighth most admired in the world based on their ethics and social responsibility. (Vogl, F. 2006). This pledge shows that BuffettÃ¢â¬â¢s concern for the society and can reflect that the company is one that maintains the importance of social responsibility. Based on this rationale, it is worthwhile to invest in BH Conclusion In conclusion, comparable company estimates suggest the price bid for PacifiCorp was pretty fair and within the valuation range. Buffett believes that markets are inefficient; opportunities to profit arise from searching undervalued or overvalued assets. BuffettÃ¢â¬â¢s tenure consists of not using leverage in investment and merging firms to enlarge market value to outperform the market. Besides BuffettÃ¢â¬â¢s investment records, heÃ¢â¬â¢s considered ethically and socially responsible. All in all, it is sensible to invest in Berkshire Hathaway. 15Ã December 1810) was a writer and critic of 18th-century British childrenÃ¢â¬â¢s literature. Her periodical, The Guardian of Education, helped to define the emerging genre by seriously reviewing childrenÃ¢â¬â¢s literature for the first time; it also provided the first history of childrenÃ¢â¬â¢s literature, establishing a canon of the early landmarks of the genre that scholars still use today. TrimmerÃ¢â¬â¢s most popular childrenÃ¢â¬â¢s book, Fabulous Histories, inspired numerous childrenÃ¢â¬â¢s animal stories and remained in print for over a century. Trimmer was also an active philanthropist. She founded several Sunday schools and charity schools in her parish. To further these educational projects, she wrote textbooks and manuals for women interested in starting their own schools. TrimmerÃ¢â¬â¢s efforts inspired other women, such as Hannah More, to establish Sunday school programs and to write for children and the poor. TrimmerÃ¢â¬â¢s works are dedicated to maintaining many aspects of the social and political status quo. As a high church Anglican, she was intent on promoting the Established Church of England and on teaching young children and the poor the doctrines of Christianity. Her writings outlined the benefits of social hierarchy, arguing that each class should remain in its God-given position. Yet, while supporting many of the traditional political and social ideologies of her time, Trimmer questioned others, such as those surrounding gender and the family. How to cite Berkshire Hathaway, Papers
Question: You decide to begin Saving for your retirement. Assume that you determine that you will need $ 300,000 when you retire in 30 years. If you can invest at 8% Compounded Quarterly and will begin Saving in 3 months (one quarter), how much will you need to deposit each quarter to have the required retirement fund? Answer: You decide to begin saving for your retirement. Assume that you determine that you will need $ 300,000 when you retire in 30 years. If you can invest at 8% compounded quarterly and will begin saving in 3 months (one quarter), how much will you need to deposit each quarter to have the required retirement fund? Particulars Value Future value $300,000 Rate 8% = 8%/4 = 2.0% Time 30 = 30*4 = 120 -1 = 119 FV C * (((1+r)t 1) / r) C FV / (((1+r)t 1) / r) C $300,000 / (((1+2%)119 1) / 2%) C $300,000 / 477.70 C $628 The present value of deposits, which needs to be conducted by for the retirement purposes, is $628. Thus, for gathering $300,000 value after the retirement in 30 years $628 will mainly be deposited each quarter for the retirement fund. The time is calculated at 119 quarters, one quarter is deducted for the time taken for conducting savings.
Sunday, May 3, 2020
Question: Develop an Information System to Manage Stock of Sainsbury. Answer: Introduction An information system is becoming a backbone of the organisations as it provides a various set of solutions to the company. An information system is providing a better set of solution to the organisations with the effect of which they can manage their payment system. An information system is one of the aspects without which it would become hard for the banks to process payments, the government would not be able to collect taxes, hospitals would not be able to provide proper treatment to the patients, and it would have become really tough for the supermarkets to maintain the stock in shelves. It is being evaluated that in almost every sector information system is required like it is required in the financial sector, education sector, government sector, healthcare sector, manufacturing sector and almost all type of small and large business. It plays a prominent role for all the businesses and helps them in managing their stocks, orders as well as their payment systems. Hence, a report is developed in which information related to the information system project will be provided which will help the organisation in sustaining and will help in ensuring that it will be able to attain success in the market after applying the project to the workplace. Importance Of Team Negotiation In Project Selection Sainsbury is the organisation which is planning to develop a Management Information System so as to keep the track record of the stock available with it (Coronel Morris, 2016). The company is working towards to develop the project which is effective and will help the same in managing the work and complete the same in a more frequent and effective manner. The selected project will track details of each and every single unit; the track record will be kept with the help of the bar code in which system will manage the counts on the basis of the bar codes swapped. The reason behind developing the project was to ensure that company could remain up to date and should ensure to manage its stock whenever required (Khan, et. al., 2016). Doing so will help the company in providing continuous services to the customers available in the market. The risk of the scarcity of the products and services will be reduced. It was noticed by the management of Sainsbury that person hired by it for the purpose of keeping the track record of the stocks available with the company was not working effectively for the same (Kucherov, Zamulin, 2016). Hence, it has decided to work on the project of management information system so as to ensure that it could maintain a true record and manage the supply of products and services. So as to work on the project, an IT team was hired by Sainsbury to work on the project. In this negotiation was done by the IT team to ensure that the project could be managed in a proper way and all the work could be processed within the deadlines (Chuang, Howley, 2012). There are certain aspects which were taken into consideration in the negotiation, these aspects are: Project should get completed in 2 Months which is equal to 60 days Budget of the project is $50000 Project should be formulated by using the most effective way and path so that it could be completed within the time decided by the company (JIE, 2017) The contract will be formed on fixed basis. Any fluctuations will not be considered in near future. 4 systems will be availed by the company so as to ensure that the project could be processed in an effective way. It is required that a checklist should be prepared at the end of the project to ensure that the each and every requirement of the project should get fulfilled. It is also necessary that the division of work should be done equally so that project team could work effectively on the same (Ajilchi, Kargar, 2015). Project Life Cycle And Its Requirements Managing a project is a very crucial aspect and when it comes to the information system project it becomes more important that all the requirements of the projects should be taken into consideration before processing the same. For a management information system project, one of the most important aspects is time and availability of a proper set of resources (Carvalho, et. al., 2015). It is required that a proper infrastructure should be provided to the team so that they can manage the work effectively. Availability of all set of resources is another aspect which is required to be taken into consideration. Laptops and the internet are the main sources which are required for the project. Selection of appropriate project methodology is another aspect which is required to be focused upon by the project manager (Cengage Lea Schwalbe, 2015). (Coronel Morris, 2016) To ensure that the project could get completed on time it is required that a work breakdown structure should be developed. This will help in maintaining priorities and will help in completing the project on time (Furnham, Gunter, 2015). Focusing upon project life cycle will help in providing a step by step process for the project. It will help in managing the things in the way required so as to complete the project within the deadlines. Project Lifecycle Project lifecycle is a step by step process which helps in developing a framework for the project. It is necessary that a project manager should work on the lifecycle and should prefer to manage the project accordingly (Khan, et. al., 2016). Further discussion will help in developing a better understanding of project life cycle: Initiating Phase: It is necessary that the project should be initiated in which assurance should be made that the purpose of the development of project should remain clear (Kucherov, Zamulin, 2016). The relevant set of information should be gathered in relation to the project which is to be worked upon. In the project of Sainsbury, all the requirements were taken into consideration on the basis of which the project will be initiated. Planning Phase: Planning phase includes, information related to the project and helps in determining all the aspects which will be included in the project. It is important that all the aspects of the project should be planned in the advanced form after which the further decisions for the process of the same should be made (Sikwane, 2016). (Wasson, 2015) Execution Phase: After planning and developing a blueprint for the project it is required that the same should be executed. Execution of all the plans should be done in a proper way. This will help in completing the project in a required form and will help in delivering quality to the same (Pigott, Hobbs, 2011). Project Closure: This is the last step which should be taken into consideration after completion of the project. In the project closure phase, it is required that the project manager should focus on several factors like monitoring, controlling, closure and review of the project. These aspects will help in managing the project in a proper as well as effective way. These are several phases of project life cycle which are required to be focused upon by the project so as to ensure that the project could get completed in an effective and appropriate way (Chuang, Howley, 2012). Work Breakdown Structure Work Breakdown structure of the project helps in determining the priorities of the work in a project management aspect (JIE, 2017). For a project manager, one of the most important aspects is bifurcating project activities, according to the priorities and providing the date of initiation and the date of completion of that particular task. Such type of aspects helps in providing an assurance that the project will get completed within the required dates. Work breakdown structure also helps in ensuring that the project could get completed within the budget developed (Ajilchi, Kargar, 2015). S. No. Activities of Project Initiation Date Completion Date 0 Information System Project for Sainsbury 7-01-2017 7-01-2017 1 Information Gathering 7-01-2017 7-10-2017 2 Adoption of all the Important Aspects 7-10-2017 5-20-2017 2.1 Project Goal Setting 7-10-2017 7-14-2017 2.2 Analysis of Project Requirement 7-14-2017 7-16-2017 2.3 Organizational Process Research 7-16-2017 7-18-2017 2.4 Process Flow Indication 7-18-2017 7-20-2017 3 Developing Project Plan 7-20-2017 7-30-2017 3.1 Preparation of Timeframe 7-20-2017 7-22-2017 3.2 Identification of Deliveries 7-22-2017 7-24-2017 3.3 Developing Modules 7-24-2017 7-27-2017 3.4 Activity Division 7-27-2017 7-30-2017 3.5 Priority Setting 7-30-2017 7-30-2017 3.5.1 Presenting Graphically 7-30-2017 8-05-2017 4 Executing Plans 8-05-2017 8-20-2017 4.1 Introducing Software 8-05-2017 8-06-2017 4.2 Preparing Project Structure 8-06-2017 8-07-2017 4.3 Programming 8-07-2017 8-08-2017 4.4 Running Codes 8-08-2017 8-20-2017 5 Project Closure 8-20-2017 8-30-2017 5.1 Checklist development 8-20-2017 8-22-2017 5.2 Monitoring and Controlling 8-22-2017 8-24-2017 5.3 Management Report Development 8-24-2017 8-25-2017 5.4 Testing/Removing Bugs 8-25-2017 8-29-2017 6 Closing/Terminating 8-29-2017 8-30-2017 Gantt Chart (Carvalho, et. al., 2015) The above Gantt chart is showing the schedule for the project. With the help of the above Gantt chart bifurcation of each and every activity could be seen in an appropriate way (Cengage Lea Schwalbe, 2015). The Gantt chart developed by the project manager will provide a proper direction on the basis of which further project will be processed in an appropriate as well as in an effective way. Scope Sainsbury was planning to work on the project so as to manage the stock. An information system will be developed which will help Sainsbury to manage the stock and to evaluate all the aspects which are required. This project will help in managing the stock and will help in determining the requirements of the workplace. Such type of aspects helps in fulfilling the requirement of the people available in the market. The scope of this project is to manage the work process and to ensure that stock available with the company could be managed also to ensure that demand and supply of the company could be managed in an appropriate as well as in the way which is required by the market (Coronel Morris, 2016). Project Budget ACTIVITIES EXPENSES($) Project Performa 15000 Developing Modules 5000 IT team members Fees 20000 Purchasing Systems 5000 Misc. Expenses 5000 Total 50000 The budget developed will help in managing the things in an appropriate way. This budget will provide a direction to the project management team that on which aspects how much expenses are required to be paid. This budget will help in reducing the unnecessary costs which could incur in the project in near future (Furnham, Gunter, 2015). Project Management Model Information system project will be developed for Sainsbury so that its inventory and stock could get managed in a proper way. To manage the project in a proper way it is required that an appropriate project management model should be chosen by the project manager (Khan, et. al., 2016). To make the assurance for this system configuration and development model is chosen by the project manager. To ensure that the project could be completed in a proper and quality could get delivered system configuration and development will be applied. (Kucherov, Zamulin, 2016) Project Management Plan Project management is the process which will help in delivering all the activities in a right order. Developing a project plan and initiating all the aspects in an appropriate way will help the project manager in fulfilling project requirements. Although a proper project plan was shown in work breakdown structure and in the Gantt chart developed by the project manager. It is required that a project manager should work towards evaluate all the critical aspects of the project. These aspects will be shown in the project plan developed (Sikwane, 2016). For a successful project, it is required that human resource planning should be done in an appropriate way. Then a work management plan should be developed Then time management plan will be developed by the project manager After time management plan it is required that a cost management plan should be developed After this, an information management plan will be developed Then the next step is to develop a risk management plan (Wasson, 2015) And the last step is to develop a quality management plan which will help in managing the quality of the project. Critical Path (Pigott, Hobbs, 2011) Critical path method is the method which is used by the project manager to provide a proper support. It is necessary that a proper path should be used by the project manager to formulate the project (Chuang, Howley, 2012). Applying the shortest and most appropriate path will help the project manager to manage the things in a proper way. Critical path method helps in estimating the critical path and the path which is most suitable for the completion of the project. It is required that the project manager should choose and apply the most appropriate path so as to manage the project and to complete the same within the time period decided by the project manager and the company. Critical path method will help in managing the things according to the time decided and will help in managing the project within the budget decided (JIE, 2017) Conclusion At the end, it could be concluded that the project which is developed by the project manager will provide a proper set of help and support to Sainsbury. It is required that a project manager should consider each and every aspect which is provided in the report. Work breakdown structure helps in developing a project plan also provides a direction moving on which will help the company in developing a quality project. Critical path method is the most appropriate method which could be used by the project manager to manage the project in the direction planned by the same. The project plan is one of the most effective aspects which could be used to manage the things in a right order. Development of the budget is another aspect which is required to be focused upon by the project manager. A budget helps in providing a set direction with the help of which project manager could reduce the unnecessary expenses which could incur in the project in near future. Gantt chart helps in ensuring that t he project team could work properly on the project and project requirements could be fulfilled in an appropriate and effective way. References Ajilchi, B. and Kargar, F.R., (2015). Prediction of job stress among employees through the dimensions of time management skills by managers. Indian Journal of Science and Technology, 8(34), 1. Carvalho, S.W., Muralidharan, E. and Bapuji, H., (2015). Corporate Social Irresponsibility: Are Consumers Biases in Attribution of Blame Helping Companies in ProductHarm Crises Involving Hybrid Products?. Journal of Business Ethics, 130(3), 651-663. Cengage Lea Schwalbe, K., (2015). Information technology project management. Cengage Learning. Chuang, S. and Howley, P. (2012). Beyond root cause analysis: An enriched system oriented event analysis model for wide application. Systems Engineering, 16(4), 427-438. Coronel, C. and Morris, S., (2016). Database systems: design, implementation, management. Chicago: Cengage Learning. Furnham, A. and Gunter, B., (2015). Corporate Assessment (Routledge Revivals): Auditing a Company's Personality. London: Routledge. JIE, Z. (2017). Exploration and Analysis on Professional Financial Skill Teaching of Applied Undergraduate Accounting Specialty.DEStech Transactions on Economics, Business, and Management, 122-133. Khan, F., Thodi, P., Imtiaz, S. and Abbassi, R., (2016). Real-time monitoring and management of offshore process system integrity. Current Opinion in Chemical Engineering, 14, 61-71. Kucherov, D. and Zamulin, A., (2016). Employer branding practices for young talents in IT companies (Russian experience). Human Resource Development International, 19(2), 178-188. Pigott, D. and Hobbs, V. (2011). Complex knowledge modelling with functional entity relationship diagrams. VINE, 41(2), 192-211. Sikwane, B., (2016). The CSIR partners with IBM, Wits and the dti to help develop the next generations technology skills. CSIR Science Scope, 9(1), 75-75. Wasson, C.S., (2015). System Engineering Analysis, Design, and Development: Concepts, Principles, and Practices. John Wiley Sons.