...Timeline and Strategies for Investment in a Winery By Jerry White Department of Applied Economics and Management Cornell University Cornell Horticultural Business Management and Marketing Program Leading Question: • Do you want to make wine? OR • Do you want to make money? Cornell Horticultural Business Management and Marketing Program Top 5 Reasons for Starting a Winery 1. It should be cheaper to make this stuff than to buy it! 2. To make a SMALL fortune. 3. You have just won the state lottery, and want to invest the proceeds! 4. To attract members of the opposite sex! 5. To offset taxable income from another business or profession. Cornell Horticultural Business Management and Marketing Program Sequencing the operation: vineyard first, winery later? (I will first assume that you are determined to grow grapes!) • Depends upon ATM! • A=Aspirations. What are your goals? • T=Time. How much time do you have? • M=Money How much capital do you have? • ATM has a double meaning: It means that you need a ready source of cash for the first few years you are operating! Cornell Horticultural Business Management and Marketing Program How much time do you have? (Best case scenario!) • Planning, ordering vines, vineyard establishment and development until mature yields are obtained—at least 5 years! • At least another year is required to produce the first vintage, and perhaps 2 to 3 years to get the marketing plan into full swing. • You...
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...investors. Consequently, the international capital inflows have been increased tremendously during last two decades. The capital is being invested by f oreign investor through mutual funs, investment trusts, banks, port folio mangers, charitable t rusts etc. and it has been boosting the growth of Indian economy since then. Moreover, t he growth rates in GDP i.e. around 7 to 8 percent per year as compared to 2 to 4 percent in most of the developed economies and higher interest rate attracted the foreign capital the most. This paper is an attempt to analyze t he relationship of FII investment with economic growth of India, in addition to comparative analysis of preferred investment stock of FII. * Assistant professor, Department of Commerce, D.A.V. College, Sadhoura , YNR, Haryana. **Assistant professor, Department of Management, Haryana Engineering College, Jagadhri, Haryana. International Journal of Research in F inance & Marketing http://www.mairec.org 611 IJRFM Volume 2, Issue 2 (February 2012) ISSN: 2231 -5985 FII is defined as an institution organized outside India for the purpose of making inve stments into the Indian securities market under the regulations prescribed by SEBI. The term „FII‟ may be defined as overseas pension funds, mutual funds, investment trust, asset management company, nominee company, bank, institutional portfolio manager, u niversity funds, endowments, foundations, charitable trusts, charitable societies, a trustee or...
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...including commissions on the total assets under management (“AUM”) of $847 bn . The group offers a full range of financial products comprising U.S., non-U.S. and global mutual funds/investment management, across cash management, equity, fixed income segments as well as alternative asset classes, such as private equity and real estate. It has a worldwide client base of institutional and retail clients, including governments, corporations, endowments, foundations and individuals. The equities segment accounts for $370 bn1 AUM spread over a mix of qualitative and quantitative approaches including $76 bn in Behavioral Finance (“BF”) strategies. Hence, BF represents 10% of the AUM of the group and is growing at a fast pace. In the United States, the BF AUM has increased from $100m to $20bn within a space of three years. How do they compete in managing and marketing retail mutual funds? JP Morgan competes with other retail funds by introducing investment strategies to retail investors that are not widely present in the retail mutual fund industry and having an effective and strong marketing. It was among the first global funds to innovate and introduce a retail mutual fund based on behavioral biases by drawing on the relatively recent body of academic findings in BF. The JP Morgan marketing programme is designed to educate brokers to help clients avoid common human tendencies that affect the ability to pick stocks and understand market prices. By being sensitive to biases...
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...management and the board of Pioneer Petroleum Corporation was the determination of a minimum acceptable rate of return on new capital investments, The company’s basic capital budgeting approach was to accept all proposed investments with a positive net present value when discounted at the appropriate cost of capital. At issue was how the appropriate discount rate would be determined. The company was weighing two alternative approaches for determining a minimum rate of return: (1) a single cutoff rate based on the company’s overall weighted average cost of capital, and (2) a system of multiple cutoff rates that reflected the risk-profit characteristics of the several business or economic sectors in which the company’s subsidiaries operated. The issue had assumed increased importance because of management’s decision to extend the use of the cutoff rate to the evaluation of existing operations and investments. It was planned to evaluate divisional managers on the basis of their net profits after the deduction of a charge for capital employed by the division. Pioneer Petroleum had been formed in 1924 through the merger of several formerly independent firms operating in the oil refining, pipeline transportation, and industrial chemical fields. Over the next 80 years, the company integrated vertically into exploration and production of crude oil and marketing refined petroleum products, and horizontally into plastics, agricultural chemicals, and real estate development. It was restructured...
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...Marketing to Morocco and Kenya Though these two countries are part of the same continent, they are certainly different in culture and countless other aspects. Kenya is a poorer, undeveloped country in which a large number of people live on less than a dollar a day. In contrast, Morocco is a country that is much more developed and westernized, having strong alliances with western and European nations. The investment atmosphere is very different in each country and businesses that are marketing and investing in each have very different strategies. Morocco is very similar to marketing to the US or other developed countries, consumerism and luxuries as well as investing in established and successful industries. Kenya is very different in that the atmosphere creates more risk towards foreign investment due to the constant conflict, unstable governments, and corruption. A foreign business may have little confidence and high fear in shipping their product into the company. This is common with Nigeria, a majority of countries and companies will not do business with them and Kenya has a similar image. Whereas Morocco has ongoing and positive relations with the largest countries and the UN. For example, banking is very strong in Morocco and the top 6 banks own 85% of assets in the industry. These banks create a very solid foundation for doing business with the country and providing confidence in their economy. Overall the marketing strategies are like marketing to different continents...
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...Capital Investment Analysis [FIDELITY SERVICE APARTMENT] Course name: Financial Management Dr. Jahangir Alam Professor IBA, University of Dhaka Group 13 IBA, BBA 20th, Section A Date of submission: 23rd June 2013, Sunday 1 Capital Investment Analysis [FIDELITY SERVICE APARTMENT] NAMES ID NUMBER Munkasir Masud Muhammad Saiyedul Muttaqin Bijoya Chakraborty Kashfia Tabassum Ahmed Imtiaz Farhan Bin Habib ZR-06 ZR-11 RH-22 RH-42 ZR-61 2 Capital Investment Analysis [FIDELITY SERVICE APARTMENT] 23rd June 2013 Dr. Jahangir Alam Professor Institute of Business Administration University of Dhaka Subject: Letter of Transmittal Sir We are pleased to submit the Capital investment analysis on Fidelity service apartment’s ltd. We have completed the report through putting the theories and techniques learnt throughout the Financial Management course. This report contains analysis of the current market situation as well as possible the evaluation of the feasibility of the project. We have recommended some marketing and financial scopes which might prove imperative. We have tried our very best to tailor the report according to your guidelines. Therefore, we request you to accept our report. We believe that you will find it in order. We are eagerly expecting your feedback on the overall report. Thank you. Yours respectfully Group 13 IBA, BBA 20th, Section- A __________________________ Munkasir Masud, ZR- 06 __________________________ Bijoya Chakraborty...
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...project evaluation is easy. Doing it is the real challenge.” The above argument is stating that you always need to consider every possible outcome of a project. I completely agree with this statement because whether or not your project is a success or failure, you need to make sure you’ve covered every angle and eliminate the chance of surprise or uncertainty. Every angle consists of the marketing side as well as the financial side seeing as these two sides are in a constant tug of war with each other as to whether an investment is a good one or not. From the financial side, a good investment is one with a positive net present value and whose value exceeds its costs. From the marketing perspective, a good investment must pass two tests: does the product or service have enough value to enough customers to support prices and volumes that exceed the costs of capital and does the company have enough sources of sustainable competitive advantages to exploit, develop, and defend the opportunity? If correctly applied, good financial analysis complements rather then contradicts good marketing and strategic logic. To start off, you need to select a base case by determining what will happen to your project if it is not successfully carried out to completion. If the base case is impractical, the incremental cash flows – the difference between the “with” and the “without” scenarios – will be ambiguous and/or defined incorrectly. Companies that indirectly assume...
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...ankitfogla@gmail.com [pic] Seeking positions in Sales, Marketing, Planning, Team Management, Budgeting, Key accounts management and Channel Management with an organization of repute Career Highlights Bharti Airtel Ltd. Since May’11 Key Account Manager – Corporate Sales Accountabilities ← Allocate functional areas to 12 sales managers based upon their skill level. ← Provide appropriate coaching to them to conduct focused research and ensure timely delivery of service and the achievement of the desired sales figures. ← Building strategy and tailoring bill plan constructs unique to the ever increasing communication demands of these corporates. ← Managing the accounts of over 145 corporates for service and penetration of telecom products and ensure incremental revenue earning from these relationships. Standard Chartered Bank Feb’10 – May’11 Relationship Manager – Premium Banking Accountabilities ← Supervising mapped branches for Priority Banking clients. ← Coordinating client meetings with various AMC’s (Asset Management Companies) in respect of their existing funds and potential NFOs (New Fund Offers). ← Managing the accounts of 110-120 clients for spending quality investment discussions with them by taking prior appointments. ← Attaining the direct revenue for the bank in tune of 36-38 lacs / p.a. out of fresh investments from the potential HNIs. ICICI...
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...for any business that considers investing. According to corruption rankings, Turkey was ranked below South Africa, and tied for a spot with Cuba (Transparency International, 2010). Sociopolitical Structure Turkey is a parliamentary democracy with a free market economy. Since legal reforms instituted in 1926, Turkey's judicial system has been based on the Swiss Civil Code, the Italian Penal Code, and the Neuchâtel (Swiss) Code of Civil Procedure. The 1982 Constitution guarantees judicial independence, and prohibits any government agency or individual from interfering with the operations of the courts and judges (Country Studies, 2010). The presence and the systematic implementation of these laws create an open path for Foreign Direct Investments; the intellectual property rights are also in favor of the proprietor. Despite a volatile past that...
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...the system implementation and the goals of the project for XYZ executives to be confident about the project outcomes. Trainers are required to provide the best training possible and make sure XYZ fully understands and is committed to using the new software put into place. Trainers with prior experiences to similar situations are critical in a situation where new software is being implemented. Professionals with significant work experience are essential for projects high in complexity. (Weill & Ross, 2009, Pg 315) High complexity projects need detailed planning, where executives and project managers have constant communication. Communication is key. XYZ will profit from new software implementation, in many different aspects. New marketing channels, more organization and less costs are...
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...population. We concentration on Tax, investment and Legal Planning with estate and elder law and elder care health issues. Our goal is to make sure our clients not only enjoy their retirement but stay in retirement. The company principals are to provide exceptional customer service with dignity to our clients. We provide this element of service by starting the relationship with our clients by focusing on what their life goals are. We feel that by helping better define their goals and what steps need to be taken to accomplish them, it brings purpose to their investments, assets and lifetime of hard work, which goes beyond just the idea of growing your money with no end in mind or purpose. We also strive to find creative ways to give back to our communities we live and work in. We feel it is our responsibility to give back to the communities that support us and assist the less fortunate. We have tried to focus a lot of our marketing towards giving to charities and helping our clients give towards causes that are close to their hearts. During the year we have chosen certain causes to donate towards as our clients will give us a referral or donate a percentage of sales towards these causes. We feel that marketing campaigns like this help spotlight our purpose and morals towards supporting humanity and the spirit of a better life. The company I work for is a Limited Liability Company (LLC). The brand name that most of the marketing is gear towards is the comprehensive planning...
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...energy developer dedicated to providing advanced power systems and energy services around the world. Midland Energy Resources has three divisions Exploration & Production, Refining & Marketing, and Petrochemicals. They have been incorporated more than 120 years previously and they have 80,000 employees in 2007. Janet Mortensen, the senior vice president of project finance for Midland Energy Resources must determine the weighted average cost of capital (WACC) for the company as a whole and each of its divisions as part of the annual capital budgeting process. As each division has different functions and risk associations, the company needs separate discount rate to evaluate its projects. This report is prepared to find out the realistic measures for assessing cost of capital for Midland Energy Resources. After careful evaluation of available information and using finance literature and relevant course lectures, the analysis is prepared to offer appropriate recommendations for Midland Energy Resources to make future capital budgeting decisions. Company Overview Midland Energy Resources is a global energy company with operations in oil and gas exploration and production (E&P) providing a broad array of products and services to upstream oil and gas customers worldwide including refining and marketing (R&M), natural gas, and petrochemicals. Exploration & Production business, including oil and natural gas exploration and field development and production, is its most profitable business...
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...developer dedicated to providing advanced power systems and energy services around the world. Midland Energy Resources has three divisions Exploration & Production, Refining & Marketing, and Petrochemicals. They have been incorporated more than 120 years previously and they have 80,000 employees in 2007. Janet Mortensen, the senior vice president of project finance for Midland Energy Resources must determine the weighted average cost of capital (WACC) for the company as a whole and each of its divisions as part of the annual capital budgeting process. As each division has different functions and risk associations, the company needs separate discount rate to evaluate its projects. This report is prepared to find out the realistic measures for assessing cost of capital for Midland Energy Resources. After careful evaluation of available information and using finance literature and relevant course lectures, the analysis is prepared to offer appropriate recommendations for Midland Energy Resources to make future capital budgeting decisions. Company Overview Midland Energy Resources is a global energy company with operations in oil and gas exploration and production (E&P) providing a broad array of products and services to upstream oil and gas customers worldwide including refining and marketing (R&M), natural gas, and petrochemicals. Exploration & Production business, including oil and natural gas exploration and field development and production, is its most profitable...
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...Summary of Poster Presentation At today's lecture we listened to other groups' poster presentation about different topics and different ways of doing those researches. Following part of the paper is going to be the sum of the presentation that we listened to but unfortunately eventhough we splited up to listen all of the presentations there is no enough space for writing about all of them so we picked seven more interesting ones for us. The first presentation we listened to was about economic freedom's effects in host countries and FDI. The objective was investigating the influence of economic freedom in foreign direct investment. In this poster there were 6 different variables and hypothesis and they're tested with statistical analysis. After these analysis we saw that hypothesis one, which is "Trade and investment barriers will be inversely related to the inflow of FDI." was the only one that rejected while other ones were supported. With these informations the conclusion of the research was that MNE's prefer the countries that have least government intervention which is equal to political freedom. The next presentation was about growth and if it attract FDI. The main purpose of the research was to investigate if success in economic growth attract FDI. To investigate this the researchers used theories about how economic growth either attract, deterrent or is neutral towards FDI. To investigate this they used a quantitative approach that is based on 946 observations from...
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...The Business Plan I- Description of the Business Company/Business Name: Bite and Drop Product/Service: Puto, Shake, Gulaman (Buko Pandan), Nacho/Taco Chips, and Churos (Fried Beng-Beng). Industry: Food II- Marketing Aspect Target Market: Students and Faculty of Notre Dame of Kidapawan College, and outside School premises. Marketing Program: a. Product Strategy: Colorful, Delicious, Innovated and Sparkling. b. Place Strategy: Convenient, Clean, Organize and Inviting. c. Promotion Strategy: Endorsement through Tarpaulin printing. d. Pricing Strategy: Prices are within reach of an average student. III- Management/Organization Aspect Form of Ownership: Corporation Organizational Structure: Job Analysis: Each individual possess skills and knowledge that help in putting-up this project. Such ability to cook, having an effective word of mouth and had a critical thinking on innovations. Compensation Schedule: Base on Return on Investment per month. Project Schedule (Gantt chart): Product/Item | Time Frame to produce | Puto | 3 hours | Taco | 5 minutes | Shake | 3 minutes | Gulaman (Buko Pandan) | 3 minutes | Quail Eggs (Kwek-Kwek) | 5 minutes | IV- Production/Technical Aspect Description of the Project: The Project is all about food industry to come up with a higher profit in a one day activity. Management Process: Plant Size and Production Schedule: Dayao Street, Kidapawan City ...
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