...Into Africa Institutional investor intentions to 2016 An Invest AD report written by the Economist Intelligence Unit Into Africa Institutional investor intentions to 2016 Contents Foreword 2 Preface 3 About this research 4 Key findings 5 I. Introduction: a North-South role reversal 6 II. A hopeful decade: Africa’s changing image 8 III. Barriers to investment 11 IV. The new investment case for Africa 15 V. Investor perceptions versus market reality in key markets 18 Conclusion 20 Appendix: survey results 21 1 © Economist Intelligence Unit Limited 2012 Into Africa Institutional investor intentions to 2016 Foreword Africa is no longer a leap of faith Even well informed observers have written off Africa as riven by war, corruption and poverty, but since the emergence of China and India as economic growth engines, many are now asking whether this continent of one billion people can also achieve its own “economic miracle” . These are still early days but there is no doubting the promising signs, politically and economically. At a time of huge change, societies are showing that they can adapt, on the whole, peacefully. In the last year, Nigeria, Tunisia, Zambia and Rwanda have held elections hailed as free and fair by international observers, while a referendum created the new nation of South Sudan. Along with greater political stability, has come policy continuity and improved ...
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...FINANCE Investments and Portfolio Management Team Case Study Analysis Susan Griffin: Formulation of a Long-Term Investment Strategy TEAM X Case Overview Susan Griffin, owner and CEO of Griffin Incorporated, was planning to sell the company. Despite the success of her company, she was 62 years old and wanted to be free of the responsibilities and retire. Working with her bank advisors, indications estimated the sale to be worth about $10 million. She was currently earning good income from the operations of her company. Prior to the sale, most of her wealth was held in company stock; however, with the sale of the company most of her holdings would be converted into liquid assets that need to be invested and managed (See Exhibit 1 for Assets). Now Susan would need to decide how to allocate her investments in a way that would allow her to continue to live comfortably and also cover her family’s financial needs. Therefore, the analysis provided within the case study covers the method and recommendation on how Susan should invest and manage her portfolio and in what proportion the investment should be allocated toward the various options available. Key Assumptions In order to properly evaluate Susan’s scenario and develop her optimal portfolio, several assumptions must be defined. These assumptions are detailed in the list below: 1. Susan’s required annual income equates to $438,143 (before taxes)...
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...The economy of Nunavut is territorial government and Inuit. Known for mineral exploration, mining, fisheries, Inuit art, tourism, and harvesting. The economic consequences of viewing Nunavut of the Territorial North as “Canada’s last frontier” is that for an emerging economy and the involvement of more Nunavummiut in their own development economically, I believe their needs to be more physical infrastructure improvements in this territory. With years of not much investment and neglect, it has really made it tougher to fix some or even all challenges. For this region, it has severe infrastructure deficit, therefore, its capital stock is important. Now, when we talk about tourism, “currently there is a multi-level framework for vessel traffic...
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...Emerging Frontiers in Healthcare: Strategy and Technology BU.350.720 Instructor: Changmi Jung Summer 2016 Final Project Instruction Presentation and written report due: Session 7 (July 25, 2016) • Presentation: − Presentation is up to 20 minutes per group including Q & A. − There is no limit on the number of slides (The norm is less than one slide per minute.) − All members must have some face time. • Report: − Must be MS-Word file (PDF format is not accepted) − Maximum 5 pages excluding references, appendix, supporting exhibits − 1-inch margins, 11 point font − Up to 5 supporting exhibits on additional pages − Must cite all the sources and list them in reference section Subject: Re-design existing healthcare service delivery with HIT You will work in teams (3 - 4 members) and identify specific areas in the health care that can be improved, reformulated, and redesigned by using IT-enabled solutions as well as the frameworks and concepts discussed in this course. You need to address details of your IT-enabled solution that can mitigate the issues identified and how the solution can improve the current delivery process. Please describe the details of a prototype of your suggested HIT. However, the specifics of technology (architecture or specific elements of the technology) are not required. The final report should address all of the following questions. The presentation may include a subset of the components. (1) Describe the problem and the...
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...Aviation Companies Marketing Strategies . There are various marking strategies aviation companies are making to meet the needs of the growing international business and commercial aircraft market. Global business depends on global economic performance. The world is recovering from a recession. Aviation international business is beginning to have a positive outlook as individual countries’ economies once again begin to grow, especially in emerging markets where there is a projected increase in demand for aircraft. In a globalized world, international air travel at airline and corporate level aviation is assuming a positive outlook. Aviation companies such as Boeing are aggressively marketing their products to compete with Airbus in the international arena, through rigorous global marketing strategies aimed at maintaining a leadership position in commercial aircraft sales. Especially in the medium and heavy aircraft categories. Boeing marketing strategies like other actors in the aviation industry is dependent on projections and forecasts. Boeing targets existing clients/ customer and uses marketing strategies that starts with customer oriented strategy, thereafter product oriented strategy. Included in these strategies are product pricing and advertising strategies. Customer Oriented Strategy Boeing’s main strategy is to target airplane companies by researching all of the airplanes that companies currently use; aircraft routes, capacity, economy, and suitability...
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...1984 and rapidly declined from there to face possible bankruptcy in 1986. While major internal factors also contributed to this immense difference in growth and decline in such a short time interval, some very significant external factors also played an influential role. 1) External factors leading to Growth: Lack of competition in the airline industry during the late 70s caused Congress to deregulate the airline industry in 1978. Removing restrictions on new entrants provided the opportunity to form People Express. By 1981, restrictions on new routes and fares had also been removed. This enabled Burr to establish one of the key selling points of People Express; Low Fares. The company hence could focus on cutting down on of costs by offering only essential services, and pay as you purchase for the other optional services. By increasing flying hours and operating out of Newark, a non-conventional route, the company concentrated on increasing market share while at the same time not upsetting the mainstream players of the industry. PE saw a phenomenal rise in its revenue, which reached almost $1 billion in less than three years of operation. 2) External Factors leading to Decline: The introduction of ‘low-cost Airlines’ into the market drove several competitors to follow the footsteps of PE. Texas International Airlines (TI) took over Continental airlines with the principal purpose of introducing it as a low-cost airline. The emerging...
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...American History up to 1875 Name Course Instructor Date American History up to 1875 The American history records tremendous changes that define the journey taken in shaping what the country looks like today. The Indian-European conflict was common in the 17th Century in the North America. The issue of slavery got intense and many Indians fell in the hands of the European. Slaves were mistreated, overworked, and tortured to an extent of them dying at the farms. The introduction of Christianity by the Europeans meant that the Indians had to do away with their old fashioned ways of worship. The Indians and the European immigrants had different religion and beliefs that had to be unified for a common existence. The interaction between people of different races, religions and beliefs has been a great aspect of the American history. It was until later in the 20th century that European exploration and colonization of America that brought change in how the Old and New Worlds interacted. The settlement of the Indians in America was a vital mark in the development of native culture. The Indians established their lifestyle blended with rich culture and religion. The Indians on the East Coast had a more civilized life and well-established trade systems. The first encounter between the Europeans and the native Indians took place in the 1500s.[1] The Europeans discovered America as they engaged in fishing of whales and other sea exploration...
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...rivalry as high fixed costs and excess capacity leads to price cutting and incumbents cannot shield themselves from price competition because product differentiation is difficult on standard products. Future investments in Fab capacity will disrupt industry supply and demand further and will ultimately lead to further price cutting which will put significant pressure on industry profitability. Incumbents will face further pressure from the rising relative bargaining power of suppliers who will pass on increasing R&D costs to incumbents. At the same time, entry barriers that have shield incumbents before from entry will be ineffective at stopping large scale entry from Chinese companies seeking a strategic foothold in the semiconductor industry and will use their large access to cheap financing and relatively cheap but skilled labour to seek a low cost competitive position which will depress prices further. Whilst there are few effective substitutes, developments in ‘hot’ areas such as flash memory are displacing DRAMS in selected products and there is always the possibility that a disruptive technology can spring up. Given the poor outlook for the DRAM, I expect to see further consolidation within the industry and an increase in strategic alliances between the west and the east as incumbents seek to take full advantage of opportunities in the emerging markets.Q2: How is Samsung positioned relative to its...
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...effectiveness. But in this way, they move further away from viable competitive positions which can only be achieved by an appropriate strategy. Positioning which was once the way to go about beating competition is now rejected, since its too static. Rivals can easily copy the market position and competitive advantage. However, that is not entirely true as hypercompetition is a self-inflicted wound. It is important to watch out for what your competitors are doing, but improving operational effectiveness alone is not enough, and that cannot be your only strategy. Operational effectiveness and strategy are both important for superior performance which is what a firm aims for. A company can beat rivals if it can stand out, establish a difference it can preserve. Basically a company can either provide greater value to customers or comparable value at low prices, or both. Delivering greater value means higher unit prices, greater efficiency means lower unit costs. Cost arises from performing activities and cost advantage comes from performing activities more efficiently than your competitors. This can be in the choice of the activity or how the activity is performed. So activities are what creates competitive advantage. Operational effectiveness means performing similar activities better than rivals. Strategic positioning means performing different activities or similar activities in a different way. Productivity frontier is the sum of all existing best practices at a given...
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...Session T4B Special Session - Henry’s Daughters: A New Engineering Ethics Movie Michael C. Loui (Facilitator), Jimmy H. Smith, Joseph R. Herkert, and Steven P. Nichols loui@illinois.edu, jimmy.smith@ttu.edu, joseph.herkert@asu.edu, s.nichols@mail.utexas.edu Abstract – The National Institute for Engineering Ethics has produced a new movie, Henry’s Daughters, to aid in teaching professional ethics in engineering. The movie highlights ethical issues at both individual and societal levels. In this special session, participants will learn how to use two cooperative learning strategies together with the new movie. Participants will also learn a classroom assessment technique. Index Terms - engineering ethics, emerging technologies, cooperative learning, classroom assessment INTRODUCTION To advance instruction in professional ethics for engineering students, the National Institute for Engineering Ethics (NIEE) collaborated with Great Projects Film Company of New York City to produce a new educational movie, Henry’s Daughters (2010). This 32-minute movie dramatizes a fictional but realistic story that highlights engineering responsibility regarding both micro-ethical issues of individual conduct and macro-ethical issues of public policy [1] in the development of an intelligent transportation system. In addition to raising standard issues of professional ethics such as conflicts of interest and the confidentiality of proprietary information, Henry’s Daughters includes ethical implications...
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...for investment of my retirement fund. Last year, when I retired, I invested the full amount in a balanced fund. As it was a diversified fund, I thought that investment in one balanced fund would allow me to diversify my investment and I would get a decent return. Unfortunately, the fund has given negative return in spite of the fact that the stock index during the period has gone up by 5 per cent. Being a retired person, I cannot take much risk but would like to get maximum possible return. Can you make a list of best performing funds and propose an efficient portfolio. Rahul Sharma, an MBA student in his final year at a premier business school, was to join an investment firm after completion of his courses. His uncle, who retired from government service in the previous year, had sought Sharma’s advice on an efficient portfolio for his savings. His...
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...Turn risks and opportunities into results Exploring the top 10 risks and opportunities for global organizations Oil and gas sector Contents Introduction Executive summary Part 1: Risks Ernst & Young sector risk radar The top 10 risks 1. Access to reserves: political constraints and competition for proven reserves 2. Uncertain energy policy 3. Cost containment 4. Worsening fiscal terms 5. Health, safety and environmental risks 6. Human capital deficit 7. New operational challenges, including unfamiliar environments 8. Climate change concerns 9. Price volatility 10. Competition from new technologies 1 3 6 7 8 8 10 12 14 16 18 20 21 22 23 24 25 26 26 28 29 30 32 34 36 38 39 40 42 Part 2: Opportunities Ernst & Young opportunity ladder The top 10 opportunities 1. Frontier acreage 2. Unconventional sources 3. Conventional reserves in challenging areas 4. Rising emerging market demand 5. NOC-IOC partnerships 6. Investing in innovation and R&D 7. Alternative fuels, including second generation biofuels 8. Cross-sector strategic partnerships 9. Building regulatory confidence 10. Acquisitions or alliances to gain new capabilities Methodology Introduction While risk continues to dominate the business agenda, competition is also becoming just as dominant a feature. Market volatility, pricing pressure, variations in market performance, demanding stakeholders — all have contributed to a global economy that encourages competitive drive. And with that drive comes...
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...California and the rest of the world as well in emerging markets spread across from South America all the way to Asia Pacific. There is one thing that is common amongst these thriving companies of the Silicon Valley however, and that is excellence in their management of information technology at the respective companies. We are going to explore the finer details and glimpses inside these companies’ business models, structures, and strategies beginning with Plantronics. Seagate is a leader in storage devices. Proving this is their company data that shows them having shipped more than 51 million drives since the first quarter of 2012. And with that, they have generated a revenue of $2.8 billion and counting. This company provides all the solutions for storage that this rapidly growing tech industry throws out there from enterprises to desktops to mobile computing to whatever consumer electronics you can name. Specifically though, Seagate has been building hard disks, solid-state hybrids, and solid-state drives. With that said, they have managed to take over 29% of the entire market share in which they are competing in. This is astounding for any company to capture more than a fifth of the market in whatever field that they are in. This means that one in every five consumers in the storage industry now own a Seagate storage product. If the earlier stated data does not convince you that this is a rapidly growing frontier company in storage solutions, then let the...
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...| Fiscal and Monetary policy of European Union | Macroeconomics Essay | | Fiscal and Monetary policy of European Union The decision to form an Economic and Monetary Union was taken by the European Council in the Dutch city of Maastricht in December 1991, and was later enshrined in the Treaty on European Union (the Maastricht Treaty). Economic and Monetary Union takes the EU one step further in its process of economic integration, which started in 1957 when it was founded. Economic integration brings the benefits of greater size, internal efficiency and robustness to the EU economy as a whole and to the economies of the individual Member States. This, in turn, offers opportunities for economic stability, higher growth and more employment – outcomes of direct benefit to EU citizens. In practical terms, EMU means: * Coordination of economic policy-making between Member States * Coordination of fiscal policies, notably through limits on government debt and deficit * An independent monetary policy run by the European Central Bank (ECB) * The single currency and the euro area The launch of the euro saw the creation of a two-tier Europe, but systemic defects led subsequently to the current crisis of the Eurozone, resulting in a much more complex and problematic set of core-periphery relations between north and south. The preeminent role of Germany in the north is pointing to the lack of democratic legitimacy in the whole construction. The idea of creating...
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...Stochastic frontier analysis of the efficiency of Nigerian banks Abstract Using the Stochastic Frontier Analysis (SFA) the efficiency of Nigerian banks was analysed. The result of the study proved that there is inefficiency in the Nigerian banking system and that the level of inefficiency ranged from 0 to 19 per cent of total cost. The study was able to derive the individual bank's level of inefficiency. Put differently, the study was able to derive the individual bank's level of efficiency. I. INTRODUCTION In the last three decades, as bank regulators open their financial Industries for competition and liberalisation, many banks operated at a level that is less efficient and profitable leading to unsoundness or distress in the industry; thus generating concerns and worries among the bank stakeholders. There are a large number of studies which employ models to explain inter-bank differences in earnings, bank efficiency and continuous existence (failure) in the United States of America and other developed countries of the world. Similar studies have not been carried out using data from emerging markets like Nigeria especially when viewed against the background of the statement of Barltrop and McNaughton (1992) that financial analysis should be done within the context of the particular country and economic environment as each country has a different economic environment, different regulatory and legal environment, different commercial practices, different accounting...
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