Air New Zealand has also has diversification in aircraft engineering and ground handling services of airlines. Apart from it won services it also provides these two services to other domestic as well as international companies. Subsidiaries of this group also offer online ticket booking services, retailing and travel wholesaling services. Vision of the company is that it strives to become number airlines company in terms of customer satisfaction of services in every country where it provides services (Air New Zealand, 2012). The company is dedicated to become customers’ first choice of airlines for travelling to within and from New Zealand. The company has developed a competitive advantage in terms of creativity and innovation in its services quality. The company promotes the domestic culture, people, behaviors and quality of business practice to the overseas people. It also has a long term value i.e. growth company and contribution a major percentage to the domestic countries growth. The company has been awarded Airline of the year in 2010 and 2012 and it also achieved many national international awards for its quality services. According to company’s financial report of 2010, it has total assets of NZ$1,566 million and profit of NZ$82 million. Accounting information systems of the company refers to the efficient use information technology to management of company’s operating activities and recoding of daily financials transactions and information. Company provides high priority to its Accounting information systems as it maintains the company’s accounting and financial information and update daily basis. AIS help the company to operate accounting and financial management efficiently and easily. As AIS has higher involvement of information technology and computers systems, network, internet etc so there is higher possibility that the company could be exposed to computer fraud and abuse in many ways (Sori, 2009, p.36). There are some general types of threat related to accounting information systems of the company. Terrorist attack and natural deserter in New Zealand and other operating countries are considered as macroeconomic threats to the company’s information systems. Other micro environmental threats are malfunction of hardwires software errors, human unintentional manual errors, and lastly the most dangerous intentional acts or computer crimes. Now fraud refers to intentional unethical and unfair business practice by organizations or individual or groups. Supplier of product and services to this company might gain unethical interest or benefits over the company. Any individual within the organization may commit fraudulent activities intentionally for his or her individual interests. In efficient asset management through absence of internal control systems leads to theft of company’s valuable assets. Another affective type is fraudulent reporting of financial statements. Accounting information systems has given high priority and focus by the company to protect any fraudulent activities regarding financial reporting which is quarterly or yearly result of daily accounting records and maintenance and updating ethically and fairly representation of that. The company could be exposed to any type of fraudulent financial reporting due to some common reasons that leads to unethical business practice by the company. Presence of deceive creditors or suppliers, or investors might be the reason one reason. Another way of reporting fraudulent financial statements can be done by increasing the current market of share of the company. Third reason might be to collect investment to sufficient cash inflow to the
Understanding project contractors and contracting businessesAnalysis of such parameters will help us with an understanding about how the companies have performed over the seven years and whether they were able to add value to the company. One of the companies chosen above has a high total asset usage and the other one has a low total asset usage. The underlying rationale behind choosing this ratio as the primary differentiating parameter between these two companies is because this ratio is very useful in determining the financial performance of the company. It gives us an indication of the pricing strategy that the companies have adopted. Moreover, the firms have been chosen as a case of high and low values of a ratio that appears in the Du Pont system, which will make it easy for us to explore relationships and trade-offs between that and other ratios. The following sections will involve the analysis of key financial ratios that the firms have been able to achieve over the seven years. 2. Midas Retail Limited Midas construction is the largest company that belongs to the Midas group of companies. The primary line of work that the company is engaged in is to serve the design and construction needs of all its customers from a network of local offices. The company works in close partnership with its local partners who specialise in supply chain, thereby utilizing their local expertise and knowledge. Each of the regional business under the Midas group offers highly personalised services which are designed to suit the needs and requirements of every individual customer and project (Midas, 2013) 3. Rock Fall Company Limited This company specilises in drilling, explosives engineering and blasting, particularly in the marine environment. The company has been able to complete more than 200 contracts in about 35 countries. The line of work that the company is engaged in ranges from the removal of small boulder outcrops to massive port development schemes. The activities are generally related to harbor deepening, clearance of navigation channels and quay well construction. Another activity that can be include in the company’s list of underwater expertise is foreshore trenching (Rock Fall, 2013). 4. Ratio Analysis Ratio analysis is an attempt to reduce accounting information in to more usable understandable figures and look at relationships between the figures. It can be used to ‘help interpret trends in performance year on year and by benchmarking to industry averages or to the performance of individual competitors or against a pre-determined target’ (Collier, 2009, p.104). Firstly, we can compare ratios for two or more accounting periods and look at the change. However, external factors may have influenced activity levels. For example, public awareness of environmental issues may have necessitated a change in manufacturing process leading to increased costs. Secondly, we can compare this to another company in the same industry. However, in some case, businesses may not be truly comparable with regard to size and type. For example, bases on which accounting information is prepared, may be different (inventory valuations and depreciation). Thirdly, we can compare this to an industry average, these can be compiled using data bases such as “Data Stream”. However, these have to be comparable as reflect as closely as possible the various characteristics of the company (McLane Atrill, 2009, p.224-225). 4.1 Efficiency Ratios 4.1.1 Asset turnover This ratio measures the amount of sales that a company generates for every dollar’
A project is typically a collaborative enterprise (Blum, 1986). It usually involves research that is conducted frequently, involving a carefully planned research design that sets to achieve a given aim. Projects are social systems within organizations that are constituted by teams to accomplish given tasks within a given period of time (Spottydog, 2003). A project is usually conducted by school-going and university students or by organizations. For school going students, it may require the students to undertake fact-finding and analysis from either secondary sources of information or from empirically gathering data (Yuan-Yi, 2001). The final output is usually in the form of a dissertation. The dissertation will contain sections of the whole projects inception, inquiry methods analysis, finding conclusions and most at times would require them to make suitable recommendations (Konecny, 2006). On the other hand for organizations, it will consist of a temporary task that is undertaken in order to create products that are unique and satisfactory services many at times in pursuit of satisfying the growing and changing demands of consumers such as the case of ARM mentioned above. (Morris Peter, 2007). Therefore the objectives of the given project will determine the target status at the end of the whole project. This will be necessary to achieve the planned benefits or the aims of the project. For example, in many countries engineering projects are specifically defined by legislation and requires that any engineering project should be carried out by only the registered engineers and companies for constructing buildings, industrial facilities, and transportation of infrastructure and such like other duties (Pinto, 2001). In such cases, the project scope will be well defined within a contract from owners of the project and the engineering and construction companies. This kind of project has two major phases which are design and construction. The design phase involves drawing and calculations and the next which is the final phase will be to send the project plan to a developer who will do the construction work (Archibald, 1992). A project in its self if a process and any process usually involves a set of interrelated actions and activities that have to be carried out in order to achieve a pre-specified result or services. The process will be characterized by the type of inputs, tools and techniques apply and the resultant outputs (Gareis, 2010). For ARM to make its projects successful it always involves a team so as to ensure successful completion. The first and most important thing is to develop a project management plan. This will provide the primary source of information on how a project will be planned for, executed and completed (Chapman, 2003). The whole ARM project team will have to determine the inputs and the desired outputs. The inputs basically involve defining the project charter. review the enterprise environmental factors and the organizational process assets. From these factors, expert judgment is generated and gives the whole management plan (Chen, 1997). When we refer to a project as being temporary then we mean that it is a process that has got a definite beginning and a definite end (Lundin, 2011). This also does not imply that the project is taking a short duration of time.
Boeing. Initially, it was known as the Pacific Aero Products Company in the start and was able to get several Navy contracts during World War I. Later, Boeing changed the name of the company to The Boeing Company, and, in collaboration with his engineers, he was able to design the seaplanes, Bluebill and Mallard in Seattle, Washington. It provided jets to the US in both World Wars. However, it did not focus on military planes only. It also developed missiles during the Wars. It also took control of Vertol Aircraft in Philadelphia, which played a significant role in the Vietnam War (May, et al., 2007). It has undergone expansions over time, partnering with McDonnell Douglas in 1997.Boeing has strong affiliations with NASA as being the prime provider of services and operating the Space Shuttle and International Space Station. The company also boasts of having clientele in more than 90 countries all over the world and acts host for several military and commercial airline support services. Boeing continues to be the leading company in the field of aerospace because of its adherence and maintenance of professional standards and research religiously. The company is divided into five business sections: Network Space Systems (NSS), Commercial Airplanes, Boeing Capital Corporation (BCC), Global Services Support (GSS), and Boeing Military Aircraft (BMA). Besides these, Boeing also has a separate department that supervises engineering, operations, and technology (EOT) and transacts with the other businesses. The paper attempts to explore innovation in products of the Boeing Company and how it is administered by effective leadership.Innovation is referred to the assimilation and utilization of resources to improve upon a product, reduce the investment costs, and to be able to think up of new ideas that can be translated into reality. Organizations who believe in innovation recognize the worth of their workforce bygiving it opportunities to enhance their learning and giving chances to improve upon its professional conduct.
The fledgling real estate you are struggling to build now has become highly successful. Our firm now constructs space-age structures, green buildings all over the world and there are more than 5000 employees. This letter will explain some important points about my struggle and will speak about the kind of person I have become. It will also explain the steps I took, the barriers and challenges I faced and the manner in which I became so successful. Key ingredients that helped me to become this highly successful leader: Along the years, I have developed some important skills of leadership and I want to share them with you. Being a leader is not just being a boss and having employees but winning their trust and faith. Some of the key ingredients that helped me to become a good leader are listed below. Vision and planning: One of the best and most important ingredients is that a leader should be a visionary and a planner. Being a visionary means that the leader should be able to look into the future while considering the present challenges and visualize future scenarios. Being a visionary is different from having visions and daydreams. A visionary is able to recognize the patterns of the present and make realistic impressions of what the future holds. Having daydreams means having unrealistic dreams and fantasies of what the future holds.When the vision is relayed to the followers, they know what they can look forward to so that they can bear the hardships of the present, better. I was lucky in having a dedicated and loyal team of followers who accepted my vision for our company just when it was being started. I envisioned the future as a place where there would be scarcity of land, fuel and where vertical growth in buildings was the only solution to meet the needs of the exploding population and where green buildings were the solution. With these visions as the targets, I drew up plans for green structures, renewable buildings that were sustainable and where waste is recycled and nothing is thrown away. The barrier of the one-kilometer height of buildings has long been surpassed and our company constructs buildings that are five kilometers tall. We are the pioneers and leaders in this field and my loyal team of employees, some of who have been with me for the past 20 years are my true strengths. Technical skills: A leader must lead by example and to command respect he must have optimum technical skills. This helps to provide the right direction for strategy, helps to evaluate technologies and decide on what is the best. A leader who does not have adequate technical skills in a construction firm will become the subject of ridicule and employees will take advantage of the ignorance. It is also important that the leader should keep pace with the trends and development so that new technologies can be included in the plans. I realized the importance of having adequate technical skills and hence enrolled for a night college for a degree in Architecture and civil engineering. When I joined the course, I had very little money and attending the night college after a full day’s hard work at a construction site was very tiring. Many times, I thought ofdropping out of the course but an inner resolve made me wear the hardships and complete the degree.
The primary requirements to be incorporated into the design of the new practice field will include baseball playing field and parking facility that would hold about 50 cars and a small clubhouse.The proposal should be arranged simply and efficiently, specifying the brief description of the bidder’s capacity to conform to the requirements of the RFP. Proposals are required to be typewritten and no deletions are acceptable. Bidders are also required to submit information in strict compliance with this RFP or shall otherwise be disqualified. In addition, specific conceptual design and complete engineering and construction drawings that will act as the origin for both bidding and construction of the baseball practice field by the general contractor shall be provided (Porter-Roth, 2006).The selected bidders shall begin working on this project within the 10 days of a Notice to Proceed and conclude the project through approving and finalization of construction bid forms by no later than December 27, 2014. The Notice to Proceed is expected to be commenced on or near February 1, 2015, and the project is to be markedly completed by March 2017.The project site is located in Sothern Maryland. The land is relatively flat and it has only a few uneven structures (barns) and trees on it. Linking with existing water and sewer system would pose no major technical problems. The site selected for the proposed baseball playing field is approximately 20 acres.A pre-bid meeting will be held on Tuesday, October 25, 2014, at the project site commencing at 2.00 pm Eastern Daylight Time (EDT). As a component of the meeting, a site visit will be arranged for the advantage of the bidders. At least one top-level executive of each bidder is anticipated to be present at this meeting and for the site inspection but is not obligatory. Single bidders can send not more than three representatives to the meeting and for the site inspection. The purpose of the pre-bid meeting will be to explain and clarify any matters in relation to the RFP.
We found from books, journals, articles, and reading materials, concepts, and philosophies of value management, including its rich history and beginnings.A primary figure in value management is a man named Lawrence Miles, whose innovative thinking started new methods of analyzing functions in manufacturing. This process of valuing was copied, and later on, perfected by other operations managers in manufacturing and construction.Value management was first introduced in the United States as a manufacturing innovation after World War II, when raw materials were becoming scarce and expensive, and operations managers hired by manufacturers were looking for ways to reduce costs of manufacturing or minimize unnecessary costs. The manufacturing innovation, which became a tool in other disciplines, traveled far and wide, until it reached the United Kingdom, particularly the construction industry. Value management, or value engineering, is now a growing trend in the UK construction industry, and its growth has become phenomenal because contractors, facility designers, and clients or buyers of projects have been benefited by it.A manufacturing firm that is in the process of closing a contract for a project with the client, who becomes the owner of the project, undertakes value management, wherein a step-by-step process has to be followed. The manager provides responsibilities to experienced departments and personnel who will form a team to conduct a workshop. The workshop’s objective will be to determine the various functions of the project to be undertaken. ‘Valuing’, analyzing, and determining the problems and future benefits, are one of the tasks of the value management team. This, in essence, is one of the jobs being described in the discussion for this dissertation.The emergence of value management in the UK construction industry has been phenomenal.
Some of the investment services that the organization undertakes include the programme and project management, project designs. while construction services such as building, civil engineering, and support services such as upgrading and maintenance of water, gas, and electricity. The organization has a strong culture, leadership, and technical. competence it nits operations.The Balfour Beatty customers are mainly governments and large regulated bodies (p13). For instance, the media power project that the Balfour Beatty that has been undertaken by Balfour Beatty will increase the capacity by meeting its demand for electricity by the local consumers in South Africa. The project team consists of close to 9000 staff from the UK, us, and South Africa. As the report notes (annual report, p17) the 4800MW thermal power will create employment and aid help improve the living standards of the people in the region. Other projects include the Airports operator BAA project undertaken to renovate the airport terminals. The firm undertakes other services for government and other larger companies in multiple contracts Canada, India, and most parts of Europe.Balfour Beatty uses a variety of means to identify and communicate with their customers. Through identification of diverse factors that aid the company to identify and therefore effectively reach out to their stakeholders, it lists several factors that help the firm establish its stakeholders. These factors include benefits to stakeholders, risks of their projects to the stakeholders, resources that stakeholders, and the interest that stakeholders have in their projects. Through listings and surveys, they evaluate their stakeholders by plotting on the grids according to their power, interest, influence, and accessibility on the projects. They carry out market surveys and by utilizing various tools such as questionnaires, online surveys, telephone calls, and any available means that will reach their customers.The firm has a strong marketing, research, and development department that employ a blue-sky technology in tracking their customers purchasing patterns, attitudes, changing needs, preferences, and expectations and communicating their proactive responses in terms of decisions and progress to them in a timely and efficient manner.
A significant aspect of this article is when it discussed the Patriot Act. On the surface, this policy is used to protect the population of the United States by preventing future terrorist attacks before they can be carried out. In reality, however, it is a serious invasion of privacy that makes each and every American susceptible to having their phone conversations listened to, their mail read, and their lives completely interfered with and are described as “the remorseless widening of powers by hard-liners, revanchists, and hawks over the average citizen“ (McLaren, 2002, P. 172). A policy that this can be compared to is how the Nazi Party treated people of Jewish descent in the time preceding and during World War Two. At this time, Jewish people were forced to wear markings that symbolized their heritage. They were then discriminated against by nearly everyone, making their lives nearly impossible to live. While the American policy is not as flagrant as the German one was, it is similar in its discrimination of visible minorities. Arab people have been singled out as terrorists and, therefore, they are not susceptible to having the policies that are laid out in the Patriot Act being applied to them. This means that Arab Americans are more likely to have their privacy invaded than Americans of other descent, making it very difficult for them to function as they normally would. For example, “a Jordanian foreign exchange student, who confessed to once having had thoughts of being a terrorist martyr, but subsequently renounced those ideas, was summarily ordered deported within five days by a U.S. immigration judge in Dallas. The student, three months shy of earning a master’s degree in software engineering at a Texas university, was under investigation by the FBI for undisclosed reasons” (Cornehls, 2003). This is an example of someone who had changed his ways but was deportedanyway.
Dr.Cheng was awarded as one of the most-cited authors in Engineering between 1994-2004 by the ISI Web of Knowledge. The date of birth information on the author could not be located.Selina S.M. Ho currently holds a master’s degree in Information Systems from the University of Southern Queensland and the Hong Kong Polytechnic University (respectively) and is currently the director of Pacific Industrial Limited4. This author’s research areas include decision support systems and supply-chain information systems. The date of birth information on the author could not be located.The topic of this article is an exploration of the integration of information technologies in contemporary business supply chains. The goal of the research project was to identify whether a series of critical success factors exist during the implementation of sophisticated supply chain software. The topic suggests that, historically, problems with advanced IT integration have caused significant problems for contemporary businesses thus a new model of best practice must be identified through research.The article specifically highlights the implementation processes of WSCMS software of a firm anonymously labeled ABC Company, though this firm is listed in the Dow Jones Industrial index, suggesting a company of large-scale proportions. The scope of the article is a blend of secondary and primary research, with the primary research targeting 350 potential respondents to return a series of questionnaires, which were delivered via e-mail systems over a two week period. The company highlighted in this project operated within the United States.The authors suggest a thesis which states that implementation of WSCMS software is a much more complicated process than other supply-chain-related software, thus identifying the critical success factors necessary to ease software integration must be identified.