Essay about Vector Aeromotive Corporation Case Study

Generally, the board of directors are responsible for the following duties: 1) duty of care – duty to make/delegate decisions in an informed way; 2) duty of loyalty – duty to advance corporate over personal interests; 3) duty of good faith – duty to be faithful and devoted to the interests of the corporation and its shareholders; 4) duty not to â€Å"waste† – duty to avoid deliberate destruction of shareholder value. There is no reason to believe that the duties of Vector’s board should be any different. The major conflict between Vector’s board and its president centers on President Wiegert’s management style, belief of excessive spending and his deceitfulness towards the board members and potential investors. Although President Wiegert’s†¦show more content†¦They safeguard the equity investors’ interests and they protect the interests of other corporate stakeholders. There was a clear conflict of in terest having the president of Vector not only residing as the board chairman but also the individual responsible for selecting the board members. President Wiegart chose close business associates as the company’s board members. There were many mistakes and ignorant decisions that would ultimately plague Vector’s board. It was recognized early on, by the other board members, that the effectiveness of President Wiegart would not be sustained but they decided not to identify or train a possible replacement because Wiegart would â€Å"strongly oppose such actions†. This is a clear example of how the board members chose to ignore other poor actions made by Wiegart in the years that followed. He was even so inclined to add another board member, also another one of his long-time business associates, when he did experience a little resistance with the other board members. Possibly in hopes of shifting the power back in his favor. The board members rarely received information prior to their meetings and what information they did receive, just enough was given in order for Wiegart to achieve the conclusion that he wanted. None of the decisions the board made were in the interests of the investors rather they were made in the interest of keeping a feeling of cohesiveness within the company. The only board memberShow MoreRelatedCase Study- Vector Aeromotive Corporation1685 Words   |  7 PagesNo 3. The Extended Case Study- Vector Aeromotive Corporation Zhenhua Rui 09/20/2010 Vector Aeromotive Corporation was a company which designed, manufactured and sold exotic sports cars. Vector was the only U.S.-based manufacture of exotic sports cars, and his major competitors were Ferrari and Lamborghini. Gerry Wiegert is the President and founder of this company. In 1987, the board of directors was formed with three directors. This case shows events happening between the board and President Gerry

Project Management for Railway Gds Distribution - 6109 Words

Railway GDS Distribution ------------------------------------------------- Project Management Coursework Simon Riha Cohort 13, Aviation Management Emirates Aviation College May 14, 2012 Railway GDS Distribution ------------------------------------------------- Project Management Coursework Simon Riha Cohort 13, Aviation Management Emirates Aviation College May 14, 2012 Table of Contents Introduction 3 Business Case Assessment 4 Project Planning and Scheduling 8 Work Breakdown Structure (WBS) 9 Project Organization Structure 11 Network Diagram and Gantt Chart 12 Project Monitoring and Control 15 Project Risk and Reducing Uncertainty 21 Conclusion 24 Reference List 25 Appendix 1: A BOSCARD Table†¦show more content†¦It originated with Cap Gemini consulting company in the 1980s. The acronym stands for background, objectives, scope, constraints, assumptions, risks and deliverables, which altogether constitute a usual baseline for project initiation documents. BOSCARD is practical for providing a complete bottom line for quick and brief project outlines when still delivering all important project information to stakeholders, without having to undergo the entire exhaustive project initiation procedure resulting in a full project initiation document. (Haughey, n.d.) An example of the use of the BOSCARD is attached in Appendix 1. It illustrates its well-arranged structure and brevity while still providing the wide high-level characteristic of the Westbahn project. Such a BOSCARD can be created, for instance, by discussing and brainstorming particular BOSCARD sections in a small group of key managers and engineers at short time. Findings and results of such a brainstorming sessions are documented in the BOSCARD table. Focusing on one particular BOSCARD section, that is, in particular, the scope definition of the Westbahn project, a decision has to be made, which features and functions to deliver in the project scope and which to leave outside of its scope. Grundy amp; Brown (2002) suggest a few useful diagnostic methods providing a solid framework for strategic analysis and decision-making: Performance Driver Analysis, Gap Analysis and Fishbone Analysis. Grundy amp; BrownShow MoreRelatedReview on Airline Reservation Systems1606 Words   |  7 Pages Major CRS operations that book and sell tickets for multiple airlines are known as global distribution systems (GDS). Airlines have divested most of their direct holdings to dedicated GDS companies, who make their systems accessible to consumers through Internet gateways. Modern GDSes typically allow users to book hotel rooms and rental cars as well as airline tickets. 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Business Strategy Case Study of Rocket Internet †Free Sample

Question: Discuss about the Case Study for Business Strategy of Rocket Internet. Answer: Introduction The report depicts the importance of Rocket Internet in recent business strategies of Rocket Internet Company (Rocket Internet 2016). The company is headquartered in Berlin and it provides valid platforms to builds online startup businesses. The company is founded in the year of 2007, and the founders of the company are Marc, Oliver and Alexander Samwer. The number of employees currently working for the company is around 30,000. It gives office space to new companies. The resources used by the company and the other competences outlined in the given case study will be discussed in this report additionally, the threshold of the company and in a parallel manner the distinct and dynamic capabilities of the company are also going to be discussed in this report brief. The report will also provide a VRIO analysis for Rocket internet. The company is maintaining their traditional business strategic model but currently the organization is trying to improve their business framework. Resources and competences of Rocket Internet outlined in the case From the detail analysis of the case study it has been defined that, though Rocket internet has enough financial skills for their venture capital firm but still they are trying to obtain promising technical platform in order to gain development. Resources of Rocket Internet: There are several expert teams that play a supportive role for the company (Wilson and Boldeman 2012). The expert team is not only in the sector of marketing management but also exists in customer management team, business intelligence and operation team. Rocket internet does not recruit only regular staffs but also for global venture development expert team is also recruited (Matthews and Brueggemann 2015). The employees generally recruited by the company have analytical skills along with entrepreneurship management ideas. Based on the structure of Silicon Valley entrepreneurial support and head of the Human Resource department are selected. The co founder and the managing director of the company are collaboratively working for the business development. Due to financial development they generally recruits extraordinary and MBA level knowledgeable people for their company. Not only this, but also the company uses best of the business models. The founders of the company were inspired from the entrepreneurial culture and especially from eBay (Wilson and Boldeman 2012). However from the critics point of view it has been defined that the company is a complete copycat that does not have any innovative ideas rather it only steals ideas from other business organizations. Competences of Rocket Internet: Though, Rocket internet is referred to as one of the successful companies, but the concept of the business is just a revolution of previously planned business models used by other organizations. The business strategy of the company is framed at the head office of the company (Mitchell 2013). Apart from this, they launched an internal novel business model. Additionally, the distributive business model framed by the company support multiplying business models and also it has been illustrated rapidly for online business models. It provides a combination of talented employee and high standard approaches in terms of systemized platform. Being worlds largest internet platform outside United States and China it has the capability to identify the basic need o the consumers. On the other hand, the company also copies a proven model of business for the financial scale up (Schildhauer 2016). Four basic factors that come under consideration for Rocket internet are- rocket network of the companies, technology maintains by the company and the process with infrastructure of the company. There are many organizations that are determined to be the tough competitors of Rocket Internet. As, the vision of Rocket internet is to be the biggest builder outside Chin and United States thus, they everyday they are proofing to be the market leaders. In Berlin project venture and HUT group of UK are known to be the tough competitors to Rocket internet (Keeton et al. 2012). The global reach of the company covers the largest internet and mobile audiences. Threshold, distinctive and dynamic capabilities of Rocket Internet Threshold capability is referred to as the resource capability and survival power of Rocket internet. The threshold competency is the state of art technology and the skills that has been developed by the employees of Rocket Internet (Eckard et al. 2015). From the distinctive resource perspective it has been defined that, the values and norms of Rocket internet is completely based on its dominant brand reputation. Threshold capabilities: Threshold resources: The Company is headquartered in Berlin with more than 700 employees and the network operates by the company for above 25 international Rocket offices (Keeton et al. 2012). The number of employees in the Rocket internet portfolio companies is above 15,000. Apart from this it also provides a strong financial backup to the startup companies. For the operating department of the company more than 250 specialists are recruited. Threshold capabilities: The skills for website development adopted by Rocket Internet Company is very high as the product serves by them are based on high quality. Additionally, specialization in IT software, programming and web design skills helps the organization to develop the quality of the products (Schildhauer 2016). Current emerging technologies and IT diagnostic tools utilization support Rocket Internet to reach the ultimate goal preset for the company. However, proper execution of other companys ideas in appropriate market with the emerging technical help is another capability of the company. Distinctive capabilities: The distinctive resource competencies states that the founder of the company is Sarnwer brothers. The brand name and the reputation of the company are very powerful. The strategies and decision making capability on the basis of the centralized models developed by Rocket internet helps it to improve the entrepreneurial working culture (Yoden 2014). The infrastructure and network distribution method maintains by the company helps them to create ventures on international scale (Rocket Internet 2016). The resource of the company is Global venture development team. The decisions and overall business strategies are largely shaped and the speed of new strategic business model launching is very high. The entrepreneurial culture adopted by the company leads the employees to work for a long time under huge pressure. In addition to this, recruitment benchmark has also setup for the company due to the presence of these distinctive competencies (Mitchell 2013). Dynamic capabilities: Inspirational leadership and determination of the employees helps the organization to reach the top (Schildhauer 2016). Rocket Internet is looking for strong leadership along with internal motivation and influence, analytical and conceptual skills. VRIO analysis for Rocket Internet VRIO analysis is one of the most effective analytical tools, used to determine the competitors of the company considering various evaluation dimensions. VRIO analysis considers the resource or capabilities and core competencies. Some of the resources meet all the four basic requirements to gain sustainability in the competitive business marketplace. Valuable: The strategic capabilities adopted by the company are able to generate the needs of the consumers in terms of product quality and the services served by the organization. Rocket internet avails rare and unique resources or capabilities (Lee 2015). The uniqueness of the organization helps it perform in a much better way to compete other rivalries. For Rocket Internet all the resources such as ability to raise capita amount, employee compensations, human resource management team and the core competencies include relationship with other companies, presence of innovation, experiences of the consumers and the corporate leadership and vision (Mitchell 2013). All these resources are valuable for Rocket Internet. Rare: From resource analysis it has been determined that some of the resources such as expert team and the financial risk management team are rare resources. These resources provide temporary competitive advantages. Imitate: As the company do not possesses it own business model for evaluation therefore, imitation on the business models of other companies charge cost to Rocket Internet. The capabilities and competitiveness of the company are so much vast that imitation or simulations of the capabilities are not possible (Matthews and Brueggemann 2015). Though, Rocket Internet cannot identify the particular resources still, it is able to provide comparable products to the competitive market. Org support: The main tool used by Rocket internet group is cash that is available for sale financial assess. Credit risk is another risk comes under consideration while comprises with the direct risks. Organizational support in terms of investment helps Rocket Internet to create more competitive advantages throughout the world. The organizational gained support from Groupon, eBay, Linkedin, Zynga and Facebook. Figure 1: VRIO analysis of Rocket Internet (Source: Mitchell 2013, pp-340) Conclusion From the overall discussion it can be concluded that, Rocket Internet is one of the largest ecommerce investor of Germen. It also shares 43 percent focus on the other organizations. The company is continuing to its innovations and evaluations for private funding and other alternatives. The report has discussed the distinctive resources and general competencies adopted by rocket internet. In addition to this, it also illustrated the distinctive, dynamic and threshold capabilities of the company. Finally, from the VRIO analysis of Rocket Internet is has come to focus that all the resources used by the company are valuable. The HR management team and risk management team is rare it means does not used by any other organizations. the analysis states that, the competitive advantages are not valuable. References Eckard, K., Eaton, H., de Giacomo Araujo, M. and Smith, S., 2015. Rocket Internet: Clone Factory or Long-Term Stakeholder Keeton, K.E., Schmidt, L.L., Slack, K.J. and Malka, A.A., 2012. The rocket science of teams.Industrial and Organizational Psychology,5(1), pp.32-35. Lee, C.M., 2015. THE EFFECTIVE SECURITY MEASURES AGAINTS INTERNET FRAUD. Matthews, C.H. and Brueggemann, R., 2015.Innovation and entrepreneurship: A competency framework. Routledge. Mitchell, S.T., 2013. Space, Sovereignty, Inequality: Interpreting the Explosion of Brazil's VLS Rocket.The Journal of Latin American and Caribbean Anthropology,18(3), pp.395-412. Muhammad, L.J., Ali, A.G. and Iliya, I.S., 2015. Security Challenges for Building Knowledge-Based Economy in Nigeria.International Journal of Security and its applications,9(1), pp.119-124. Rocket Internet, (2016).Rocket Internet. [online] Available at: https://en.wikipedia.org/wiki/Rocket_Internet [Accessed 24 Aug. 2016]. Schildhauer, T., 2016.OPEN INNOVATION FROM AN ORGANISATIONAL PERSPECTIVE(Doctoral dissertation, University of Arts, Berlin). Scott, M., 2013. Technology Start-Ups Take Root in Berlin.Technology,9, p.06. Wilson, K.L. and Boldeman, S.U., 2012. Exploring ICT integration as a tool to engage young people at a Flexible Learning Centre.Journal of Science Education and Technology,21(6), pp.661-668. Yoden, M., 2014.Global expansion strategies for software firms(Doctoral dissertation, Massachusetts Institute of Technology).

Social policy as an academic subject is both descriptive and analytical Essay Example

Social policy as an academic subject is both descriptive and analytical Essay Social policy as an academic topic is both descriptive and analytical. Discuss pulling on at least three academic mentions. In this essay the writer will specify societal policy as an academic topic and show that despite the fact that societal policy draws on other academic societal scientific discipline topics it is different because it is based upon a distinguishable empirical focal point support for the wellbeing of citizens provided through societal action ( Alcock 2008:3 ) . The writer will demo how as an academic capable societal policy is both descriptive and analytical and will give illustrations. Social policy as an academic topic is hard to depict as it is both the hunt of theoretical norms on how society should act and the practical application and execution of policies, which are considered to be societal ( Alcock et al 2004:1 ) . The intent of these policies is to better public assistance and to run into human demands ( Blakemore, K. 2003:1 ) . Spicker ( 2008:1 ) defines societal policy as the survey of societal services and the public assistance province . The survey of societal policy, originally known as societal disposal chiefly pertains to societal services and includes societal security, lodging, wellness, societal work and instruction, these being described by Spicker ( 2008:1 ) as the large five . Social policy as an academic topic draws on other topics such as economic sciences, political relations, history, psychological science and sociology and has been described as a magpie topic by Blakemore ( 2003:3 ) . These other topics offer background information about the many facets required to understand and develop societal policies such as the effects of industrialization and alterations in societal conditions, population alterations, constructs of category, position and mobility. Understanding sociology gives a better apprehension of industrial dealingss, minority groups and societal control ( Titmuss 1974:15 ) . However, societal policy as an academic subject differs from these other topics because it is based on a distinguishable empirical focal point support for the wellbeing of citizens provided through societal action ( Alcock, P. 2008:3 ) . We will write a custom essay sample on Social policy as an academic subject is both descriptive and analytical specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Social policy as an academic subject is both descriptive and analytical specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Social policy as an academic subject is both descriptive and analytical specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Social policy as an academic topic has been described as the survey of policy pattern in order to lend to policy reform. It combines both descriptive and normative elements Becker ( 2008:11 ) . Carlson ( 2004:89 ) contends that the descriptive component of societal policy is usually involved in the production of categorizations to do comparing easier, or to demo the inter-relationships between instances . Harmonizing to Spicker ( 2008:2 ) Titmuss suggested that societal policy describes how policies are formulated and the effects of policies. Social policy s chief focal point is welfare and it describes people s demands or jobs such as poorness, lodging, mental unwellness or disablement ( Spicker 2008:4 ) . Social policy describes the beginning and purposes of a policy, how a policy is implemented and the consequences, either good or bad ( Spicker 2008:5 ) . Fitzpatrick ( 2001:4 ) wrote that societal disposal was concerned with the how and the what of societal policy . An i llustration of this descriptive component of societal policy in pattern can be found in a background paper on drugs and drug dependance written by Richard Hartnoll ( 2004 ) . Hartnoll discusses how many people, what type of people use drugs, the type drugs they use, bar, interventions and decrease in supply. This descriptive information contributes to turn toing policy inquiries in relation to the impact of drug usage on persons and society. Descriptions besides help to measure demands and trade with whether or non there are equal resources to cover with the job. Hartnoll concluded that although descriptions of the drug state of affairs and policies had improved in Europe, that spreads remained and much more needful to be done in analyzing policies. The survey of societal policy requires the strict linking of theoretical analysis with empirical question . Social policy demands to analyze policies, their ends and impacts and see if these policies achieve their ends, or if non, why non ( Bochel 2005:7-8 ) . Harmonizing to Carlson ( 2004:88-89 ) Best and Kellner make a comparing between societal theories and route maps, stating that in order to analyze, discuss and intervene in societal procedures we need to utilize maps to see how society is structured. Theoretical positions or belief systems, referred to as political orientations of public assistance ( George and Wilding, 1994:1 ) play an of import function in the analytical facet of societal policy. Political orientations have three chief constituents as described by Baldock et Al ( 2007:69-70 ) . The first is a position, which stresses or explains statement without giving weight to other point of views. The 2nd is the position of groups or persons who have something to de rive from an statement. The 3rd and concluding constituent of an political orientation is how it deals with more than one issue and refers to a wider set of coherent thoughts . Analysing societal policies in relation to tribades, cheery work forces and bisexuals in Ireland demo how the political orientations of the Catholic Church have in the yesteryear influenced societal policy. Sexual activity between work forces was criminalized in Ireland in 1634 and was punishable by decease. Amendments were made to this act broadening the range from sodomy to gross indecency in 1885. With the foundation of the Irish Gay Rights Movement in 1974 came the push to legalize homosexualism. David Norris took a instance to the High Court in 1977 in which he challenged his constitutional rights of privateness and equality. This instance was unsuccessful and the opinion of the High Court included mention to homosexualism been condemned in Christian instruction as being morally incorrect . The High Court besides judged that homosexualism posed harm to the establishment of matrimony. The Catholic Church s political orientations are apparent in this opinion. Norris was successful in 1988 when he took his instance to the European Court of Human Rights. Homosexuality was finally decriminalized in the Criminal Law ( Sexual Offences ) Act of 1993 ( Considine, Dukelow 2009:438-443 ) . In decision the writer has defined societal policy as an academic topic and explained the differences between societal policy and other societal scientific discipline topics. The writer has explained how societal policy is descriptive and illustrated this with the illustration from Hartnoll. The writer has besides shown how societal policy is analytical and why when analyzing policies consideration must be given to the influence of political orientations as demonstrated with the illustration given from Considine and Dukelow. List of Mentions Alcock, Cliff. , Payne, Sarah. , Sullivan, Michael. ( 2004 ) Introducing Social Policy, England: Pearson Education Limited Alcock. Pete. ( 2008 ) The Subject of Social Policy , p. 3 in Alcock, Pete. , May, Margaret and Rowlingson, Karen ( explosive detection systems ) , The Students Companion to Social Policy, 3rd erectile dysfunction. Oxford: Blackwell Publishing. Baldock, John. , ( 2007 ) Welfare, Ideology, and Social Theory in Baldock, John. , Manning, Nick. , Vickerstaff, Sarah. , ( explosive detection systems ) Social Policy 3rd erectile dysfunction, Oxford: Oxford University Press. Becker Saul. ( 2008 ) Methods and Approaches in Social Policy Research in Alcock, Peter, May. Margaret and Rowlingson, Karen. , ( explosive detection systems ) The Students Companion to Social Policy 3rd erectile dysfunction. Oxford: Blackwell Publishing Blakemore, Kenneth ( 2003 ) Social Policy an Introduction 2nd erectile dysfunction, Berkshire: Open University Press Bochel, Hugh ( 2005 ) Introducing Social Policy in Bochel, Hugh. , Bochel, Catherine. , Page, Robert and Sykes, Rob. , Social Policy: Issues and Developments, Essex: Pearson Education Limited. Carlson, Judith ( 2004 ) Theoretical Principles and Concepts in Alcock, Cliff. , Payne, Sarah. , Sullivan, Michael. , Introducing Social Policy, Essex: Pearson Education Limited Considine, Mair A ; eacute ; ad. , Dukelow, Fiona. , ( 2009 ) Irish Social Policy, A Critical Introduction Dublin: Gill A ; Macmillan Ltd Fitzpatrick, Tony ( 2001 ) Welfare Theory: An Introduction, Campling, Jo ( adviser editor ) London: Palgrave George, Vic. , Wilding, Paul. , ( 1994 ) Welfare and Ideology Essex: Prentice Hall Europe Hartnoll, Richard ( 2004 ) Drugs and drug dependance: linking research, policy and pattern, background paper for Pompidou Group s Strategic Conference on linking research, policy and pattern, Strasbourg. Germany: Koelblin-Fortuna-Druck Lavalette, Michael. , Pratt, Alan. , ( explosive detection systems ) ( 1998 ) Social Policy A Conceptual and Theoretical Introduction, London: Sage Publications Inc Spicker, Paul ( 2008 ) Social Policy Themes and Approaches 2nd erectile dysfunction, Bristol: The Policy Press Titmuss, Richard. ( 1974 ) The International Perspective , in Abel-Smith, Brian and Titmuss, Kay ( explosive detection systems ) , Social Policy an Introduction, London: Unwin Hyman Ltd