Case Study Financial Performance Swot Analysis of...

Case Study: Financial performance SWOT analysis of Pernod Ricard – Global’s premium spirits wines Date: 22nd November, 2010. I certify that the above coursework is all my own work. Word Count: net 1988 words Table of contents Case Study: Financial performance SWOT analysis of Pernod Ricard – Global’s premium spirits wines 1 Table of contents 2 Executive summary 3 Financial Ratios Analysis 4 Liquidity Ratios 4 Assets management ratios 5 Debt ratios 6 Profitability ratios 7 Market value and dividend Ratios 8 Growth ratios 9 Financial Strategies and direction 10 Global Market competition analysis 11 SWOT analysis – Pernod Richard 13 Appendix 1 (Financial Ratios) 15 Appendix 2 (Working of financial ratios calculation) 18 Appendix 3†¦show more content†¦|1.96 |1.49 | |liabilities) | | | | |Financial year’s end dates |30 June 2008 | |Sales/receivable (sales/average trade |5.55 |6.92 |7.53 | |receivables) | | | | |Financial year’s end dates |30 June 2008 | |Interest cover (operating profit / |4.13 |2.54 |3.37 | |interest expenses) | | | | |Financial year’s end dates |30 June 2008 | |Return on assets (net profit after |4.43% |4.36% |3.66% | |preferred

Cost Benefit Analytical Reviews For The New Health Care...

M E M O R A N D U M To: Department Manager From: Nowayer Aldosari Date: October 18, 2015 Subject: Cost-Benefit Analytical Reviews for the New Health Care Insurance Package in Arapahoe County. Healthcare is expensive and Americans look for the best healthcare they can possibly get. Since consumers are always demanding for better insurance covers, employers are trying to provide the resources that have an effective prices and not raising costs. The Human Resources department in Arapahoe County has recently developed a new health care insurance guide in order to control the County’s rising cost for health care insurance. This project will be experienced on all County’s departments, including Clerk Recorder s Office. In this memo, I provide you with a cost-benefit analysis of this new project to change the way benefits are provided on an experimental basis. Based on my analysis, there will be a slight positive return with Benefit-cost Ratio 1.07; however, this new project would be not smart financial decision to be applied on Clerk Recorder s Office. Lately, a guide program for a new health care insurance package has designed by the Human Resources department to reduce the rising cost for health care insurance in Arapahoe County. We have been informed that this program has been designed for employees who presently get their health insurance through the County. In contrast with the traditional health care insurance package, this guide is provided with a choice of aShow MoreRelatedCombined Port Kerr Essay1464 Words   |  6 Pages[Company] [Street address] [City], [State][Zip] Dear [firstname]: Providing health care insurance to all employees can be a difficult process with the wrong foundation. 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Information Technology Outsourcing Management Free Essays

What is IT outsourcing? IT outsourcing is an arrangement in which a company subcontracts its information technology related activities to be executed by a different company. In the past several decades, as the role of information technology grew in the performance of a company, the fixed cost of maintaining up and running IT facilities and staffs was increasing as well. Therefore outsourcing solution was derived from companies’ need to achieve superior performance of IT functions with minimum amount of cost. We will write a custom essay sample on Information Technology Outsourcing Management or any similar topic only for you Order Now Major classifications of IT functions that companies outsource are infrastructure and applications. Infrastructure outsourcing refers to a company resolving its entire IT activities handled by a contracted vendor company on the company’s behalf. Application outsourcing stands for a company subcontracting only its core IT applications such as ERP systems, document management systems or Business intelligence applications with service provider. Benefits and Risks Although it is obvious that primary cause of increasing trend of outsourcing is a cost factor, many other benefits come along with outsourcing. Outsourcing allows companies to shift their whole attention on the quality of their core activities without facing the vulnerability of poor level of IT performance. Because no matter what industry a company is in, cost and pressure of having in-house IT solutions require the company to be an expert in IT industry which is difficult to achieve for any size organizations especially for entrepreneurs and small businesses, slowing down their productivity as well as slowing down the economy. Subcontracting IT activities to a specialized vendor company is indeed a win-win situation for the both end, enabling the organization to upgrade its IT performance and providing business to the vendor company. Moreover, with outsourcing, organizations can get access to variable IT skills and knowledge which potentially can improve their efficiency, and outsourcing makes accommodating any new IT innovations or changes in any industry easier to handle for organizations. Needless to mention the benefits of savings on investments in IT related infrastructure which can be spent towards organizations’ business expansion or something equally important. The benefits mentioned above can be substantial only if outsourcing is practiced arefully with good management. Otherwise, oversights of important issues can bring significant complications to the organizations. Based on the stories of unsuccessful outsourcing practices, the most considerable problems the organizations encounter are the lack of integration between vendor and client, hidden costs of training, miscalculation of proficiency of the vendor company, and sometimes differentiation of the client company can be compromised since the v endor company could be serving the competitor company as well. In terms of a company outsourcing its entire IT department from a service provider company, implementation of good collaboration and communication with each other often requires some time and patience from both sides due to the differences of cultural, geographical and preferred business practices. The fact that knowledge transfer is the most important term in IT outsourcing implies the integration process of vendor and client companies is more virtual than physical. That is why the people problems such as different interpretations of the contract, conflicts of two cultures and lack of preparation for integrated operation occur very often and if ignored, they could result negative impacts on both companies. Legal, economic, geographical and political environments of the country in which the client company outsources its IT activities are the most important but often ignored factors. When the host countries face civil war or natural disaster happens, the recovery costs the companies encounter are usually incalculable. IT outsourcing best practices Through weighting the positive and negative impacts of outsourcing carefully and planning the shifting process step by step, companies can successfully implement outsourcing to its daily business practices and convert it to one of its competitive advantages easily. Recommended best practices of IT outsourcing usually focus on good management and good assessment of choosing the partner. Maintaining good communication with your service provider before and after signing on the contract is also an essential part of setting up a sustainable IT solution for any company. Every company and every project has its own uniqueness therefore the service provider understands the detailed requirement is necessary. And the difficulties both side face due to the cultural and geographical differences can be resolved by committing to good communication. For example leaders of both sides should agree on set, clear objectives and stay committed to them when circumstances change. Although the cost reduction is the primary motive of outsourcing, overdoing it can compromise the organizations’ core activities. In today’s globalizing world, importance of maintaining good IT performance is greater than ever to the organizations’ wellbeing so that pursuing the lowest cost can have its own price. The reason why is that the vendor companies are also business institutions depending on their profits therefore in order to meet the client’s cost requirement they sometimes cut corners such as hiring under qualified staffs which consequently affect the quality of the client companies’ operation. In order to make the integration process easier, the outsourcers should put effort into finding compatible service providers. It is important to make sure that your service provider has organization cultures and preferred business practices similar to yours since they will become a part of the organization. Another essential outsourcing practice is to consider the service providers’ experience and capacities to assess whether they are skilled enough to maintain your company’s operation at all times. In terms of choosing their partner, organizations also should consider any expected future changes in the market and their future expansion plans as well as their competitors’ IT performance level. Political and social environments of the countries in which the vendor companies operate, should not be out of concern. Outsourcers should always be aware of the political situation of their host countries as well as social factors that could influence the quality of employees’ job performance. It is recommended to outsourcers to keep presence of representative on-site as a middle man so that they can have some kind of coordination over the execution of the IT activities. Representatives also work as a communication bridge between partners making sure each side understand their roles and responsibilities. Legal aspects Legal aspects of IT outsourcing might be the most complicated issues the enterprises encounter since it involves various types of laws such as international and domestic. International common laws such as Intellectual Property, Copyrights, Patent, Trade Secret, Privacy and Information security all need to be considered when a company makes an outsourcing related decision. Any outsourcing contract addresses the tangible and intangible issues and their legal implications as well as procedures in order to avoid lack of clarity. For example pricing is very important aspect of IT outsourcing contract and any possible uncertainty related to the pricing of service should be stated on the contract. Inflation, delays, manpower and material shortages and insolvency all must be concerned and put on the contract to regulate when situations mentioned above happens. Also outsourcing contract should be flexible to adjust any changes in performance, quality, and suitable to host country’s tax law, pension laws to solve staff related matters. Intangible issues on the other hand should be carefully thought through because they pose the highest risks on the organizations’ domestic and international operation. When companies outsource their entire or partial IT function, the risk of their customers’ valuable information such as social security numbers, medical history, credit card information to be exposed gets higher as well as their own internal secret information. A company must do risk assessment of the host country’s security environment by measuring how effective the laws referred to intellectual property, copyright, digital hacking and violation of privacy are. Unfortunately laws pertaining to privacy protection are not so effective in today’s most popular IT service provider countries such as China, India and Philippine. Therefore offshore IT centers and outsourcing companies must establish strong system together to protect themselves as well as their customers. Intellectual Property and Patent laws have strong presence in USA and European countries but they differ in host countries. Illegal use of one’s IT innovation such as software, source and know-how are not the front line concerns of governments of foreign countries right now, so outsourcers usually face tremendous risk of their intellectual property stolen and used against their products in the market. US companies’ trade secrets are also totally dependent on mutual trust and written agreements between two parts. There is no law enforcement system in the host countries to back up such written agreements. Basically, US companies pursuing offshore outsourcing as an IT strategy must consider domestic and international laws extremely and craft their outsourcing contracts focused on to minimize any risks they may encounter in unfamiliar legal environment. Sources: http://www. infoworld. com/d/adventures-in-it/13-best-practices-it-outsourcing-034? age=0,0 http://blog. everythingcu. com/2006/02/12/the-many-downsides-of-outsourcing/ http://www. cio. com/article/40380/Outsourcing_Definition_and_Solutions A Legal Perspective on Outsourcing and Offshoring, Sam Ramanujan; Sandhya Jane Journal of American Academy of Business, Cambridge; Mar 2006; 8, 2; ABI/INFORM Global Outsourcing best practices Outsourcing and Offshoring: The New IS Paradigm? , William R King Journal of Global Informat ion Technology Management; 2005; 8, 2; ABI/INFORM Global www. wikipedia. com How to cite Information Technology Outsourcing Management, Essay examples Information Technology Outsourcing Management Free Essays What is IT outsourcing? IT outsourcing is an arrangement in which a company subcontracts its information technology related activities to be executed by a different company. In the past several decades, as the role of information technology grew in the performance of a company, the fixed cost of maintaining up and running IT facilities and staffs was increasing as well. Therefore outsourcing solution was derived from companies’ need to achieve superior performance of IT functions with minimum amount of cost. We will write a custom essay sample on Information Technology Outsourcing Management or any similar topic only for you Order Now Major classifications of IT functions that companies outsource are infrastructure and applications. Infrastructure outsourcing refers to a company resolving its entire IT activities handled by a contracted vendor company on the company’s behalf. Application outsourcing stands for a company subcontracting only its core IT applications such as ERP systems, document management systems or Business intelligence applications with service provider. Benefits and Risks Although it is obvious that primary cause of increasing trend of outsourcing is a cost factor, many other benefits come along with outsourcing. Outsourcing allows companies to shift their whole attention on the quality of their core activities without facing the vulnerability of poor level of IT performance. Because no matter what industry a company is in, cost and pressure of having in-house IT solutions require the company to be an expert in IT industry which is difficult to achieve for any size organizations especially for entrepreneurs and small businesses, slowing down their productivity as well as slowing down the economy. Subcontracting IT activities to a specialized vendor company is indeed a win-win situation for the both end, enabling the organization to upgrade its IT performance and providing business to the vendor company. Moreover, with outsourcing, organizations can get access to variable IT skills and knowledge which potentially can improve their efficiency, and outsourcing makes accommodating any new IT innovations or changes in any industry easier to handle for organizations. Needless to mention the benefits of savings on investments in IT related infrastructure which can be spent towards organizations’ business expansion or something equally important. The benefits mentioned above can be substantial only if outsourcing is practiced arefully with good management. Otherwise, oversights of important issues can bring significant complications to the organizations. Based on the stories of unsuccessful outsourcing practices, the most considerable problems the organizations encounter are the lack of integration between vendor and client, hidden costs of training, miscalculation of proficiency of the vendor company, and sometimes differentiation of the client company can be compromised since the v endor company could be serving the competitor company as well. In terms of a company outsourcing its entire IT department from a service provider company, implementation of good collaboration and communication with each other often requires some time and patience from both sides due to the differences of cultural, geographical and preferred business practices. The fact that knowledge transfer is the most important term in IT outsourcing implies the integration process of vendor and client companies is more virtual than physical. That is why the people problems such as different interpretations of the contract, conflicts of two cultures and lack of preparation for integrated operation occur very often and if ignored, they could result negative impacts on both companies. Legal, economic, geographical and political environments of the country in which the client company outsources its IT activities are the most important but often ignored factors. When the host countries face civil war or natural disaster happens, the recovery costs the companies encounter are usually incalculable. IT outsourcing best practices Through weighting the positive and negative impacts of outsourcing carefully and planning the shifting process step by step, companies can successfully implement outsourcing to its daily business practices and convert it to one of its competitive advantages easily. Recommended best practices of IT outsourcing usually focus on good management and good assessment of choosing the partner. Maintaining good communication with your service provider before and after signing on the contract is also an essential part of setting up a sustainable IT solution for any company. Every company and every project has its own uniqueness therefore the service provider understands the detailed requirement is necessary. And the difficulties both side face due to the cultural and geographical differences can be resolved by committing to good communication. For example leaders of both sides should agree on set, clear objectives and stay committed to them when circumstances change. Although the cost reduction is the primary motive of outsourcing, overdoing it can compromise the organizations’ core activities. In today’s globalizing world, importance of maintaining good IT performance is greater than ever to the organizations’ wellbeing so that pursuing the lowest cost can have its own price. The reason why is that the vendor companies are also business institutions depending on their profits therefore in order to meet the client’s cost requirement they sometimes cut corners such as hiring under qualified staffs which consequently affect the quality of the client companies’ operation. In order to make the integration process easier, the outsourcers should put effort into finding compatible service providers. It is important to make sure that your service provider has organization cultures and preferred business practices similar to yours since they will become a part of the organization. Another essential outsourcing practice is to consider the service providers’ experience and capacities to assess whether they are skilled enough to maintain your company’s operation at all times. In terms of choosing their partner, organizations also should consider any expected future changes in the market and their future expansion plans as well as their competitors’ IT performance level. Political and social environments of the countries in which the vendor companies operate, should not be out of concern. Outsourcers should always be aware of the political situation of their host countries as well as social factors that could influence the quality of employees’ job performance. It is recommended to outsourcers to keep presence of representative on-site as a middle man so that they can have some kind of coordination over the execution of the IT activities. Representatives also work as a communication bridge between partners making sure each side understand their roles and responsibilities. Legal aspects Legal aspects of IT outsourcing might be the most complicated issues the enterprises encounter since it involves various types of laws such as international and domestic. International common laws such as Intellectual Property, Copyrights, Patent, Trade Secret, Privacy and Information security all need to be considered when a company makes an outsourcing related decision. Any outsourcing contract addresses the tangible and intangible issues and their legal implications as well as procedures in order to avoid lack of clarity. For example pricing is very important aspect of IT outsourcing contract and any possible uncertainty related to the pricing of service should be stated on the contract. Inflation, delays, manpower and material shortages and insolvency all must be concerned and put on the contract to regulate when situations mentioned above happens. Also outsourcing contract should be flexible to adjust any changes in performance, quality, and suitable to host country’s tax law, pension laws to solve staff related matters. Intangible issues on the other hand should be carefully thought through because they pose the highest risks on the organizations’ domestic and international operation. When companies outsource their entire or partial IT function, the risk of their customers’ valuable information such as social security numbers, medical history, credit card information to be exposed gets higher as well as their own internal secret information. A company must do risk assessment of the host country’s security environment by measuring how effective the laws referred to intellectual property, copyright, digital hacking and violation of privacy are. Unfortunately laws pertaining to privacy protection are not so effective in today’s most popular IT service provider countries such as China, India and Philippine. Therefore offshore IT centers and outsourcing companies must establish strong system together to protect themselves as well as their customers. Intellectual Property and Patent laws have strong presence in USA and European countries but they differ in host countries. Illegal use of one’s IT innovation such as software, source and know-how are not the front line concerns of governments of foreign countries right now, so outsourcers usually face tremendous risk of their intellectual property stolen and used against their products in the market. US companies’ trade secrets are also totally dependent on mutual trust and written agreements between two parts. There is no law enforcement system in the host countries to back up such written agreements. Basically, US companies pursuing offshore outsourcing as an IT strategy must consider domestic and international laws extremely and craft their outsourcing contracts focused on to minimize any risks they may encounter in unfamiliar legal environment. Sources: http://www. infoworld. com/d/adventures-in-it/13-best-practices-it-outsourcing-034? age=0,0 http://blog. everythingcu. com/2006/02/12/the-many-downsides-of-outsourcing/ http://www. cio. com/article/40380/Outsourcing_Definition_and_Solutions A Legal Perspective on Outsourcing and Offshoring, Sam Ramanujan; Sandhya Jane Journal of American Academy of Business, Cambridge; Mar 2006; 8, 2; ABI/INFORM Global Outsourcing best practices Outsourcing and Offshoring: The New IS Paradigm? , William R King Journal of Global Informat ion Technology Management; 2005; 8, 2; ABI/INFORM Global www. wikipedia. com How to cite Information Technology Outsourcing Management, Essays

Pablo Picasso Changed The Way We Look At Art Essay Example For Students

Pablo Picasso Changed The Way We Look At Art Essay Picasso Changed the Way We Look at Art There is no abstract art. You must always start with something. Afterwards you can remove all traces of reality. -Pablo Picasso Picasso had not always been so enlightened with the fact that there was more to art than the eye could see. During the course of his ninety-one year life, Picasso encountered many ideas and people that helped form the wonderfully talented and brilliant artist in history. Picasso was born Pablo Ruiz on October 25th 1881, in Malaga, Spain. His father was a inspiring artist while his mother took care of the house. Picasso had shown a great artistic talent in his early childhood years. At 14 years old, Picasso adopted his mothers less common name. Changing Ruiz to Picasso. Shortly after this event, Picasso had finished his one month qualification exam into the Acadamy of the Arts in Barcelona. The only exceptional thing about this was that Picasso had done this in one day. Picasso stayed with the acadamy for three years, before deciding to move to San Fernando where he would then attend the Acadamy of San Fernando until the turn of the century. Picasso then joined up with the group of aspiring artists. Pablo Picasso was probably the most famous artist of the twentieth century. During his artistic career, which lasted more than 75 years, he created thousands of works, not only paintings but also sculptures, prints, and ceramics, using all kinds of materials. He almost single-handedly created modern art. He changed art more profoundly than any other artist of this century. First famous for his pioneering role in Cubism, Picasso continued to develop his art with a pace and vitality comparable to the accelerated technological and cultural changes of the twentieth century. Each change embodied a radical new idea, and it might be said that Picasso lived several artistic lifetimes. Picasso was born on October 25, 1881, in Malaga, Spain, son of an artist, Jose Ruiz, and Maria Picasso. Rather than adopt the common name Ruiz, the young Picasso took the rarer name of his mother. An artistic prodigy, Picasso, at the age of 14, completed the one-month qualifying examination of the Academy of Fine Arts in Barcelona in one day. From there he went to the Academy of San Fernando in Madrid, returning in 1900 to Barcelona, where he frequented the citys famous cabaret of intellectuals and artists, Els Quatre Gats. The years of 1901 to 1904, known as the blue period because of the blue tonality of Picassos paintings were a time of frequent changes of residence between Barcelona and Paris. During this period, he would spend his days in Paris studying the masterworks at the Louvre and his nights enjoying the company of fellow artists at cabarets like the Lapin Agile. 1905 and 1906 marked a radical change in color and mood for Picasso. He became fascinated with the acrobats, clowns and wandering families of the circus world. He started to paint in subtle pinks and grays, often highlighted with brighter tones. This was known as his rose period. In 1907, Picasso painted Les Demoiselles dAvignon, considered the watershed picture of the twentieth century, and met Georges Braque, the other leading figure of the Cubist movement. Cubism was equally the creation of Picasso and Braque and from 1911 to 1913, the two men were in frequent contact. In 1917, Picasso did the set and costume design for Serge Diaghilevs ballet Parade. For Picasso the 1920s were years of rich artistic exploration and great productivity. .ua596bf83c6cb5de30511164949fc3515 , .ua596bf83c6cb5de30511164949fc3515 .postImageUrl , .ua596bf83c6cb5de30511164949fc3515 .centered-text-area { min-height: 80px; position: relative; } .ua596bf83c6cb5de30511164949fc3515 , .ua596bf83c6cb5de30511164949fc3515:hover , .ua596bf83c6cb5de30511164949fc3515:visited , .ua596bf83c6cb5de30511164949fc3515:active { border:0!important; } .ua596bf83c6cb5de30511164949fc3515 .clearfix:after { content: ""; display: table; clear: both; } .ua596bf83c6cb5de30511164949fc3515 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ua596bf83c6cb5de30511164949fc3515:active , .ua596bf83c6cb5de30511164949fc3515:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ua596bf83c6cb5de30511164949fc3515 .centered-text-area { width: 100%; position: relative ; } .ua596bf83c6cb5de30511164949fc3515 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ua596bf83c6cb5de30511164949fc3515 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ua596bf83c6cb5de30511164949fc3515 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ua596bf83c6cb5de30511164949fc3515:hover .ctaButton { background-color: #34495E!important; } .ua596bf83c6cb5de30511164949fc3515 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ua596bf83c6cb5de30511164949fc3515 .ua596bf83c6cb5de30511164949fc3515-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ua596bf83c6cb5de30511164949fc3515:after { content: ""; display: block; clear: both; } READ: Euopean Art In The Wake Of World War 1 EssayPicasso continued to design theater sets and painted in Cubist, Classical and Surreal modes. From 1929 to 1931, he pioneered wrought iron sculpture with his old friend Julio Gonzalez. In the early 1930s, Picasso did a large quantity of graphic illustrations. In late April of 1937, the world learned the shocking news of the saturation bombing of the civilian target of Guernica, Spain by the Nazi Luftwaffe. Picasso responded with his great anti-war painting, Guernica. During World War II, Picasso lived in Paris, where he turned his energy to the art of ceramics. From 1947 to 1950, he pursued new methods of lithography. The l950s saw the beginning of a number of large retrospective exhibits of his works. During this time he began to a paint a series of works conceived as free variations on old master paintings. In the 1960s, he produced a monumental 50-foot sculpture for the Chicago Civic Center. In 1970, Picasso donated more than 800 of his works to the Berenguer de Aguilar Palace Museum in Barcelona. Pablo Picasso died on April 8, 1973 in Mougins, France at the age of 91.