The document discusses a project to implement a new IT system for Jack Neift Trucking Company to address issues of inefficiency from lack of real-time communication and information. The goals are to provide an updated network system for timely information sharing between departments to improve profits and customer service by eliminating "deadheading" or empty truck trips. The project faces risks such as high costs and difficulties transitioning employees to new systems and processes.
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Scenario 1 (length as needed)You are considering auctioning a L.docxkenjordan97598
Scenario 1 (length: as needed)
You are considering auctioning a Leonardo Da Vinci original sketch. You entice four bidders to come to your auction. The bidders’ valuations of the sketch in decreasing order are $3.0, $2.2, $2.0, and $1.5 (in millions).
· If you used a second-price sealed bid auction, who would win and what would the winning price be?
· If you used a first-price sealed bid auction and the optimal strategy for the participants was to shade their bid by 20% and the participants used this strategy, who would win and what would the winning price be?
· Which auction should you choose to maximize your profit?
Answer the above questions if the valuations of the sketch are $3.0, $2.7, $2.0 and $1.5.
Scenario 2 (length: 0.5 page)
In the auction described above, suppose that you could entice additional bidders to attend your auction. However, none of the new bidders would have a valuation greater than $3.0 million. Despite that fact, you expect the amount that the winning bidder must pay to increase regardless of the type of auction you use (first- or second-price sealed bid). For each auction, explain why you would expect the auction price to increase. If you want, you may assume the valuations of the original four participants are $3.0, $2.2, $2.0 and $1.5 million.
Scenario 3 (length: 0.5 page)
Some recent Super Bowl advertisements have spent very little time mentioning anything about their product--or even the name of the company. In particular, the two-minute long Ram Trucks "Farmer" commercial had only a few brief and almost unidentifiable views of their product until the last ten seconds of the commercial. Further, the name of the company was only mentioned in the last five seconds of that commercial. Explain why this commercial demonstrated the concept of signaling described in the textbook. In other words, why should consumers be convinced that a Ram truck is of high quality because of the airing of that commercial?
Scenario 4 (length: as needed)
Suppose there are two types of people who need health insurance; high-risk and low-risk consumers. High-risk consumers have a relatively high probability of needing expensive medical care and on average incur $2,000 of medical expenses per year. The high-risk consumers would be willing to pay up to $2,500 for insurance that covers all their medical bills. Low-risk consumers would be willing to pay up to $1,500 for full-coverage insurance and on average would incur on average $1,200 in medical bills. Assume 1/3 of all consumers are high-risk and the remaining 2/3 of consumers are low-risk. Consumers know whether they are high-risk or low-risk. The insurance company knows 2/3 of all consumers are low-risk but cannot identify which consumers are low-risk.
1. If all consumers bought insurance, what price must the insurance company charge to break even in expectation? That is, what price must the insurance company charge so that the expected payments equals the premium?
2. Which consumers w.
2 Ct1apter 1 Anne Roberts, the Ilirector of the Projec.docxeugeniadean34240
2
Ct1apter 1
Anne Roberts, the Ilirector of the Project Management l lffice for a large retail chai1
1
, stood
in front of 500 people in the large corporate auditorittlll to explain the company's new strat-
egies. She was also bro:tdcasting to thousands of other ,·mployees, suppliers, and stock-
holders throughout the world using Jive video via the ]llrernet. The company had C<)me a
long way in implementing new information systems to \Jllprove inventory control, >;ell pro-
ducts using the Web, streamline the sales and distributi'm processes, and improve <Justomer
service. However, the stock price was down, the natiott·,; economy was weak, and People
were anxious to he~tr about the company's new stratcgl•'s. ,
Anne began to address the audience, "Good mornltlg. As many of ~:?u know, Ottr CEO
pronwted me to this position as Director of the Project rvianagement Office two years ago.
Since then, we have completed many projects, includiPg the advanced data networ-ks proj-
ect. That project enabled us to provide persistent bro:l'[band between headquarters and our
retail stores throughout the world, allowing us to mal<t' timely decisions and continue our
growth strategy. Our cttstomers Jove that they can ret (t(n items to anY store, and any sales
clerl\ can look up past sales information. Loc~l store nt•magers can make timely decisions
usini!, up-to-date information. Of course, we've had sotPe project failures, too, and \vc need
to continually assess mtr portfolio of projects to meet [,tlsiness needs. Two big IT initiatives
this coming year include meeting new green IT reguJnl ;ons and providing enhanced online
collitboration tools for our employees, suppliers, and ctlstomers. Ollr challenge is to work
evc11 smarter to decide what projects will most benefit the company, how we can continue
to leverage the power of information technology to stll'port our business, and how we can
exploit our human capital to successfully plan and execute those projects. If we succeed,
we'll continue to be a world-class corporation."
"And if we fail?" someone asked from the audien'·e.
"Let's just say that failure is not an option," Anne replied.
Many people and org:mizations today have a new-or 1 enewed-interest in project manage-
ment. Until the 1980~, project management primarilY focused on proYiding scheclule and
resource data to top management in the military, con JJ r,1ter. and construction industries.
Today's project man:tgement involves much rnore an 1 I people in ewry industry :ctnd every
countrY manage proj<:cts. New technologies have becorne a significant factor in DJany husi-
nc"c'. Compute< lwtd""''· ,o!twa<e, nctwodc;, """ the"" of ioCCt<li<ciplinaty and ll!oi"l
work teams have radically changed the work .cnviron 1 11 c:.·nt. The following statisti<;s demon-
strate the significance: of project managemcnr in tod;J ·:'" society, especially for projects
involving information technology (IT). Note that IT pi~~ _iects in,·oh.
Scenario 1 (length as needed)You are considering auctioning a L.docxkenjordan97598
Scenario 1 (length: as needed)
You are considering auctioning a Leonardo Da Vinci original sketch. You entice four bidders to come to your auction. The bidders’ valuations of the sketch in decreasing order are $3.0, $2.2, $2.0, and $1.5 (in millions).
· If you used a second-price sealed bid auction, who would win and what would the winning price be?
· If you used a first-price sealed bid auction and the optimal strategy for the participants was to shade their bid by 20% and the participants used this strategy, who would win and what would the winning price be?
· Which auction should you choose to maximize your profit?
Answer the above questions if the valuations of the sketch are $3.0, $2.7, $2.0 and $1.5.
Scenario 2 (length: 0.5 page)
In the auction described above, suppose that you could entice additional bidders to attend your auction. However, none of the new bidders would have a valuation greater than $3.0 million. Despite that fact, you expect the amount that the winning bidder must pay to increase regardless of the type of auction you use (first- or second-price sealed bid). For each auction, explain why you would expect the auction price to increase. If you want, you may assume the valuations of the original four participants are $3.0, $2.2, $2.0 and $1.5 million.
Scenario 3 (length: 0.5 page)
Some recent Super Bowl advertisements have spent very little time mentioning anything about their product--or even the name of the company. In particular, the two-minute long Ram Trucks "Farmer" commercial had only a few brief and almost unidentifiable views of their product until the last ten seconds of the commercial. Further, the name of the company was only mentioned in the last five seconds of that commercial. Explain why this commercial demonstrated the concept of signaling described in the textbook. In other words, why should consumers be convinced that a Ram truck is of high quality because of the airing of that commercial?
Scenario 4 (length: as needed)
Suppose there are two types of people who need health insurance; high-risk and low-risk consumers. High-risk consumers have a relatively high probability of needing expensive medical care and on average incur $2,000 of medical expenses per year. The high-risk consumers would be willing to pay up to $2,500 for insurance that covers all their medical bills. Low-risk consumers would be willing to pay up to $1,500 for full-coverage insurance and on average would incur on average $1,200 in medical bills. Assume 1/3 of all consumers are high-risk and the remaining 2/3 of consumers are low-risk. Consumers know whether they are high-risk or low-risk. The insurance company knows 2/3 of all consumers are low-risk but cannot identify which consumers are low-risk.
1. If all consumers bought insurance, what price must the insurance company charge to break even in expectation? That is, what price must the insurance company charge so that the expected payments equals the premium?
2. Which consumers w.
2 Ct1apter 1 Anne Roberts, the Ilirector of the Projec.docxeugeniadean34240
2
Ct1apter 1
Anne Roberts, the Ilirector of the Project Management l lffice for a large retail chai1
1
, stood
in front of 500 people in the large corporate auditorittlll to explain the company's new strat-
egies. She was also bro:tdcasting to thousands of other ,·mployees, suppliers, and stock-
holders throughout the world using Jive video via the ]llrernet. The company had C<)me a
long way in implementing new information systems to \Jllprove inventory control, >;ell pro-
ducts using the Web, streamline the sales and distributi'm processes, and improve <Justomer
service. However, the stock price was down, the natiott·,; economy was weak, and People
were anxious to he~tr about the company's new stratcgl•'s. ,
Anne began to address the audience, "Good mornltlg. As many of ~:?u know, Ottr CEO
pronwted me to this position as Director of the Project rvianagement Office two years ago.
Since then, we have completed many projects, includiPg the advanced data networ-ks proj-
ect. That project enabled us to provide persistent bro:l'[band between headquarters and our
retail stores throughout the world, allowing us to mal<t' timely decisions and continue our
growth strategy. Our cttstomers Jove that they can ret (t(n items to anY store, and any sales
clerl\ can look up past sales information. Loc~l store nt•magers can make timely decisions
usini!, up-to-date information. Of course, we've had sotPe project failures, too, and \vc need
to continually assess mtr portfolio of projects to meet [,tlsiness needs. Two big IT initiatives
this coming year include meeting new green IT reguJnl ;ons and providing enhanced online
collitboration tools for our employees, suppliers, and ctlstomers. Ollr challenge is to work
evc11 smarter to decide what projects will most benefit the company, how we can continue
to leverage the power of information technology to stll'port our business, and how we can
exploit our human capital to successfully plan and execute those projects. If we succeed,
we'll continue to be a world-class corporation."
"And if we fail?" someone asked from the audien'·e.
"Let's just say that failure is not an option," Anne replied.
Many people and org:mizations today have a new-or 1 enewed-interest in project manage-
ment. Until the 1980~, project management primarilY focused on proYiding scheclule and
resource data to top management in the military, con JJ r,1ter. and construction industries.
Today's project man:tgement involves much rnore an 1 I people in ewry industry :ctnd every
countrY manage proj<:cts. New technologies have becorne a significant factor in DJany husi-
nc"c'. Compute< lwtd""''· ,o!twa<e, nctwodc;, """ the"" of ioCCt<li<ciplinaty and ll!oi"l
work teams have radically changed the work .cnviron 1 11 c:.·nt. The following statisti<;s demon-
strate the significance: of project managemcnr in tod;J ·:'" society, especially for projects
involving information technology (IT). Note that IT pi~~ _iects in,·oh.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
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Jack neift trucking company Assignment
1. Assignment # 1
Submitted to: Sir Lt.Col (R) M. Siddique
Subject : Effective Project Management
Reg. No. : 1432-212048
Study Program: MBA Evening (3.5 years) (HRM)
Submitted by : Badar-e-Alam-Anwar
2. Jack Neift Trucking Company
Project overview Statement
Summary
Background
Jack Neift Trucking was a family-owned company, founded in1937. Jack Neift had started a
trucking company with one truck and one client. With the passage of time number of trucks
increased to five hundred. The company control remained within the family generation
after generation down to its present president, Bea Stove Burdon.
The company mostly serviced states east of the Mississippi but also had corridors into Texas
and Oklahoma. The major portion of the company’s Income is generated from the routes of
New York City. The company had seen weak financial times but because of its ability it
remained one of the best companies in the United States.
Company was facing a problem i.e. dead heading. This is the common term used in the
trucking industry. Dead heading means operating a vehicle or vessel without a load of cargo.
Term mostly used in trucking company and refers either the return trip from delivery a cargo
or driving empty to a location in order to pickup cargo. It is considered as a waste of
resources and avoided whenever possible.
• Information and communication system was not good.
• Latest Technology (gadget) was required to remove the problem.
Problems and opportunity
The Company’s Profit Margin has declined because of dead heading, lack of real time
information and communication. As the company’s previous system doesn’t support the
company’s needs and the services to its customer.
Return of company to a healthy position depends on adopting the latest technology related to
communication and information.
Goal
Providing the latest IT Network system that helps the Company to get up to date information
and conversations and to improve their profits and better relations with their customers.
3. Objective
• Changing the company from traditional to modern management by latest technology
system.
• Up-to-date IT Network System.
• Develop Enterprise Resource Planning (ERP) management information system in order to
contact with all departments with real time communication and information system for faster
deliveries.
Success Criteria
• Induction of Web based solution by using client/server system by Dec, 2009.
• All departments will have access to real time information.
• Availability of geographical information.
• Eliminating Deadheading.
• Reducing distance travelled and fuel used.
Assumptions and risk Obstacles
• High Cost, risky slow return on investment.
• Breaking down of system.
• Difficulties in transforming old to new system.
Acquire Vs Construct Verdict
• “Off the shell” function would not be useful for a company, as it might not fit in the
requirements of this company.
• Jack Neift trucking would need a custom made system that could provide all its
requirements and show the way to better result.
Hazard
Guidance would be compulsory to operate the system efficiently which would certainly guide
to some charge (both timeland money).
Revolutionize Organization
1. Home economics the change is another big risk from administration/operational point of
view.
2. Employees might oppose the change. t the change.
4. Possibility of Malfunction
Product breakdown ratio is higher as to product’s accomplishment.
Executive Participation
An early involvement of approximately functional managers would be required functional
managers would be required to have a full grasp over the project. To have a full grasp over
the project, (Accounts manager, Admin Manager, (Accounts manager, Admin Manager,
Manager HR, Manager Procurement etc) Manager HR, Manager Procurement etc)
Sales executive will be concerned at the Sales executive will be concerned at the beginning of
the project. Operational beginning of the project, Operational manager will be involved
throughout manager will be involved throughout the project..
Limitations
The excellence of this project would choose the eventual accomplishment of the new system.
Scheming and observing
• The sale and the operations division are using this system and are reliably concern
with it.
• To work out the performance of the running system, they should give the satisfactory
communication.
• The information could be collected from the company’s employees easily in the form
written reports and these reports could be e-mailed to the disturbed stakeholders.
Shutout of the Project
Once the system starts representing powerfully, the project would end and it would
become an eternal portion of Jack Neift’s impression.