Abstract This paper discusses a real estate industry business plan that extends Coldwell Banker's traditional real estate office onto a web-based platform. The paper describes the company and shows how it can duplicate its business structure and, essentially, double its volume without the equivalent increase in resources required. The paper also discusses the company's goals and current market trends. It then looks at how the company should implement its goals and its business strategy.
Table of Contents:
Abstract
Objectives
Mission
Company Summary
Company Goals
Company Ownership
Startup
Services
Competitive Comparison
Market Analysis and Overview
Market Segmentation
Market Trends
Strategy and Implementation
Marketing Strategy
Pricing Strategy
Promotion Strategy
Distribution Strategy
Product/Service Presentation
Management Summary
Financial Plan
Important Assumptions
Key Financial Indicators
Break-even Analysis
From the Paper "The Company's initial marketing investment will be $5,000 for its promotional initiatives. Additionally, Coldwell has allocated an additional $1,440 for insurance during its initial year of operation for the new internet business while legal consultation and corporation set-up is expected to be $1,000. For taxation and accounting purposes, Coldwell expects to adhere to an Accelerated Cost Recovery Method in order to benefit from its equipment depreciation while still maintaining effective use of the equipment over the long-term. Coldwell RealTime expects to acquire a small business loan through a banking institution for $24,000 at a 10% interest rate and the company expects to pay $750 monthly on the loan until it is paid in full over the first three years of operations. There is an additional short-term loan to cover operating costs and that loan cost is 8%."
Abstract The paper offers a summary of the "Libyan Arab Foreign Bank v. Bankers Trust Company" case of 1988. The paper then looks at current events of international corporations doing business in the U.S. and their submission to U.S. law. The paper also discusses the role of e-commerce and the legal precedents of the Libyan Bank case.
From the Paper "The oil industry is continuing to become largely an international venture, with consolidations of domestic United States operations creating attractive assets for foreign purchase. The recent attempt by the Chinese national oil company to purchase UNOCAL corporation and the Dubai World ports purchase of the company the operated many U.S. ports brought to light a half century old congressional act protecting vital domestic infrastructure. The Defense Production Act of 1950 empowered the President to block the purchase of U.S. companies by foreign corporations if national security is threatened (James & Wall, 2007, n.p.)."
Abstract The paper defines mergers and acquisitions and relates that the most significant business transaction of the year 2005 was the merging of Procter & Gamble with Gillette. The paper identifies the rationale and objectives behind the merger with Gillette. The paper looks at the key players and the role of investment bankers in the transaction. The paper notes the success of this merger and reveals that it made Procter & Gamble the largest consumer products provider in the world.
Outline:
Executive Summary
The Rationale of the Merger
The Key Players
The Role of Investment Bankers in the Transaction
Success of the Procter&Gamble - Gillette M&A
From the Paper "The actual meaning of the terms merger and acquisition have long been disputed and analyzed and generally all definitions are basically the same, but otherwise said. In this order of ideas, the definition given by Amos Web Dictionary is one that best captures the essence of most definitions. According to them, a merger represents the "consolidation of two separately-owned businesses under single ownership" and it can be done in three ways: horizontal, when the two companies have similar industrial positions (items produced, net revenues); vertical, when the companies produce the same products, but in different stages; and conglomerate, when the companies belong to different industrial sectors. The term acquisition refers to the act of actually buying another company in order to benefit of the advantages of the bought company and form a stronger firm."
Abstract This paper discusses the doctrine of subrogation and relates that it is squarely grounded on the law of restitution and thus the reversal of unjust enrichment. The paper specifically looks at how subrogation, while implicit in surety relationships, is a matter of controversy in the context of bankers' autonomous undertakings such as the letter of credit and bank guarantees. The paper concludes that it seems that the question of the availability of subrogation in the case of bankers' autonomous undertakings turns on the extent to which it would introduce uncertainty into this area of law. Since this area of law is also controversial and often unclear, subrogation in these cases should be avoided.
From the Paper "If subrogation is essentially a remedy, then the doctrine of autonomy, which ousts the co-extensiveness of customer and issuer obligations, cannot of itself oust subrogation. The independence [autonomy] principle basically determines that the beneficiary will have the money in its pocket if there is a dispute between it and the customer over the underlying transaction. This distinguishes a letter of credit from an ordinary guarantee: a guarantee is not independent in this sense, and guarantors may generally assert defenses available to the party whose obligation is guaranteed. The independence principle undoubtedly requires the issuer to pay first, without even looking through to the underlying transaction. Subrogation should therefore be unavailable before the issuer has paid the beneficiary; it may be considered unnecessary. Once the issuer has done so, however, the purpose of the independence principle has been served: the beneficiary has the money."
Abstract This paper analyzes the financial movement of the Euro vs. the dollar during the calender year 2001. It looks at the efforts by the European Central bank to maintain stability and what measures it is taking. It also describes the difficulties in the financial markets of late due to economic insecurity and how this has had an effect on these currencies' movements.
From the paper:
"The future of the euro vis-?-vis the dollar is naturally of concern to the this foreign currency management department of this bank given the potential to disruption in the U.S. economy at large if the euro experiences substantial fluctuations as well as the potential disruption to the activities to this particular bank that such changes in the status of this currency vis-?-vis the dollar might portend. In this regard, it is important to note that the future of the euro is actually somewhat brighter now than it was at the beginning of this calendar year."
Abstract This is a book review of David Brooks' book, "Bobos in Paradise:The New Upper Class and How They Got There." This paper examines David Brooks' concept of the "Bobo," a compound of bourgeois and bohemian, which is the new emerging class of the millennium. This class is made up of bankers, baby boomers and the new generation that is running the billion dollar dot-com industries. The author also points out several weaknesses in Brooks' thesis, and traces this back to his own background which makes him biased in his writing about "Bobos."
From the Paper "Till there it is okay. But the problem starts when Brooks attempts to give authenticity to this newfound culture with all its new sense of taste and style. He starts appreciating the Bobo culture because of its "sober" bourgeois achievement, which takes into it the creative, and the spontaneous element of the sixties. On one level he scoffs at those Bobos who think $ 10K outdoor Jacuzzi is crass but $20K slate shower reflects simple rhythm of life. Yet on another level he appreciates this new upper class style which is based on the display of sufficient taste to know what the best is and to choose it--whether the best coffee, the best food, the best building materials, or whatever. He has his full support for them who find that it is not okay to spend extravagantly on something for display along; it is okay to spend extravagantly on something that is useful in enhancing one's authentic personality."
Abstract The following paper examines Frances Payne Bolton's life as a youngster and a young adult and the factors which led her to the nursing career she made such a difference in. The writer describes the improvements that Bolton made as well as the positions that she held during her illustrious life.
From the Paper "The field of nursing has seen some major changes over the years. Before the era of WWII nurses were viewed with about the same level of expertise as a candy striper. Nurses were dispensing meds and cleaning out bedpans but their skills and intelligence were not really utilized on the job. Because of the inability to expand their job or the expectations of their job the filed stagnated for many years. Then Frances Payne Bolton entered the scene. France Payne Bolton was a nurse who took the bull by the horns and brought about changes that would revolutionize the nursing industry".
Abstract The paper shows that bank interest rates have been steadily decreasing since the September 11th attack on America and that the attack caused the business failures of major corporations, such as World Com and Enron. It discusses that one of the areas that are going stronger then ever is the real estate industry and many homeowners are taking the option to refinance their homes. The paper shows that banks and financial institutions are not in favor of this procedure as a homeowner who refinances his house may lower his monthly payments several hundred dollars - banks are making significantly less money on the lowered monthly payments through refinances. The purpose of the essay is to discuss how the lowered interest rates are affecting the housing industry.
From the Paper "House sales are running a record high this year, according to Reaser, chief economist of Bank of America. The refinancing of mortgages is supporting a major portion of the economy that is surviving and thriving. At the present time, refinancing is showing no signs of slowing down; in fact it is steadily increasing. People are putting the extra money into home improvements and buying new cars, another low interest financing option."
Effects on business of civil applications of RICO Act. Background, threats to use (Drexel), uses (Proctor & Gamble vs. Bankers Trust, Death Row Records vs. Time Warner).
1,575 words (approx. 6.3 pages), 6 sources, 1996, $ 55.95
From the Paper "The purpose of this research is to review the effects on business of civil actions instituted under the provisions of the Racketeer Influenced and Corrupt Organizations (RICO) Act. RICO was enacted in 1970 as a part of the Organized Crime Control Act of 1970 (Milich 387). The express purpose of RICO, as clearly stated in the legislation is ?to seek the eradication of organized crime in the United States by strengthening the legal tools in the evidence-gathering process, by establishing new penal prohibitions, and by providing enhanced sanctions and new remedies to deal with the unlawful activities of those engaged in organized..."
Abstract RJR Nabisco was, until recently, an international consumer products company with subsidiaries engaged in domestic and international tobacco businesses and an 80.7 percent interest in Nabisco Holdings Corp., a large multinational food company. This conglomerate was formed in 1989 as a result of a $25 billion hostile takeover of Nabisco by RJR which was orchestrated by investment bankers KKR, which stood for eight years as the largest hostile takeover in American history.
From the Paper "The Fall of RJS Nabisco
Introduction
RJR Nabisco was, until recently, an international consumer products company with subsidiaries engaged in domestic and international tobacco businesses and an 80.7 percent interest in Nabisco Holdings Corp., a large multinational food company. This conglomerate was formed in 1989 as a result of a $25 billion hostile takeover of Nabisco by RJR which was orchestrated by investment bankers KKR, which stood for eight years as the largest hostile takeover in American history.
This reproduction of the convertible debenture which was
issued in 1990 is, perhaps, one of the most valuable elements left from that merger (scripophily.com)..."
Abstract Discusses factors leading up to the collapse of the market and the Great Depression. Federal Reserve Policy. Arrogant attitude of the bankers, government, big business and the investors. Causes of the crash including speculation, overpricing of stocks, fraud & corruption, margin buying. Role of President Herbert Hoover. Economic structure of 1920s.
From the Paper "The factors leading up to the stock market crash of 1929 and the Great Depression all had one element in common--arrogance. The bankers, the government, big business, and the investors all believed that the profits they were enjoying would never end, that the American economy was so strong that nothing could go wrong, and that no steps were necessary to safeguard against a collapse of the market and the economy. They believed this despite the fact that two earlier recessions had occurred in the 1920s, or perhaps because those recessions came and went with little lasting effect.
Whatever the economic, social and/or political lessons to be learned from the events of the 1920s which resulted in the crash of 1929, Galbraith makes clear the moral lesson: "It is that very specific and personal misfortune awaits those who presume to..."
This paper analyzes the banking industry in the United States from the mid-18th through mid-19th century in order to understand the evolution of the banking industry in Europe's developing economies in the 20th century.
Abstract This paper presents four potential dangers to banks in emerging markets and relates them to the lessons of the founding banking system of the United States: Macroeconomic volatility, connected lending, political involvement and financial liberalization. This paper discusses that the emerging banking industries in Eastern Europe must learn to operate in an objective environment free from burdensome and often disastrous government control; just as, the ever-present tension in the United States between government policy and banking policy ensured the banking industry's objectivity. This paper argues that the primary cause of the banking crisis in Eastern Europe was the banks' decision to allow financiers with little experience and even less capital to set up their own banks.
Table of Contents
Introduction
European Economies and the Evolution of the U.S. Banking Industry
Macroeconomic Volatility
Connected Lending
Government Involvement
Financial Liberalization
Conclusion
From the Paper "The insistence by the American chief executive in the mid 18th to mid 19th century to keep separate government policy from banking policy has not been demonstrated in the communist economies of Eastern Europe. The second major crisis factor for these economies has been connected (or insider) lending, particularly in Russia. Though not unheard of in rich countries, connected lending is a more serious problem in emerging countries, where supervisors are less rigorous about rooting it out. The Economist maintains that connected lending has recently caused serious problems where unscrupulous businessmen have found it easy to set up banks simply to finance their other companies' pet projects. Thus, at many Russian banks, the personal ambitions of owners and managers still come before the prudent assessment of lending risks. Loans to related companies are rarely made on an arm's length basis and tend to be granted at below-market rates, with scant credit vetting."
This paper gives a history of the investment firm Salomon, Smith & Barney, tracing its growth from an early beginning in late 19th-century Philadelphia.
Abstract The writer begins the paper with the initial partnership of broker Charles Barney and investment banker Edward Smith. The paper then follows the partners as they became Citigroup and eventually merged with Salomon Brothers. The paper highlights the unique qualities of this firm.
From the Paper "Smith Barney then became a subsidiary of Travelers Group when Primerica acquired that company. As a result of the continuing shakeout and realignment of the financial services industry, the trading firm, Salomon Brothers, sold itself to Citigroup. Travelers Insurance Company which had merged with Citicorp the parent holding company of Citibank (Hoovers, Online). Citigroup combined Salomon Brothers with its own Smith Barney brokerage to form Salomon Smith Barney Holdings. The merger combined Salomon Brothers' global bond-trading strength with Smith Barney's US brokerage strength."
Abstract RJR Nabisco was, until recently, an international consumer products company with subsidiaries engaged in domestic and international tobacco businesses and an 80.7 percent interest in Nabisco Holdings Corp., a large multinational food company. This conglomerate was formed in 1989 as a result of a $25 billion hostile takeover of Nabisco by RJR which was orchestrated by investment bankers KKR and which is considered one of the largest hostile takeover in American history. This paper begins by summarizing the state of the two companies before the merger, briefly details the merger, considers the options that both companies had and then concludes with the consequences of the buyout - the fall of RJR Nabisco. The paper includes tables.
From the Paper "In short order, Reynolds' acquired Chun King, Patio Foods, American Independent Oil, Del Monte, Inglenook wines, Smirnoff vodka, Kentucky Fried Chicken, Sunkist beverages, and Canada Dry, all of which it sold by 1991. In 1985 Reynolds bought Nabisco (Newtons, Oreo, Premium Saltines, Cream of Wheat, Planters nuts) for $4.9 billion, forming RJR Nabisco Holdings. Nabisco's CEO, Ross Johnson, became CEO of RJR Nabisco. When Johnson attempted an LBO of RJR Nabisco, buyout firm Kohlberg Kravis Roberts (KKR) outbid him, acquiring the company in a deal valued in excess of $25 billion in 1989."
Abstract This paper discusses how in the early 15th century, the city of Florence took cultural command of Italy and inaugurated the Renaissance, a period highlighted by great achievements in the arts and architecture. It looks at how the Medici, bankers to all of Europe, became such lavish patrons of the arts that to this day the name of Medici connotes any generous patron of the fine arts and thus, the history of Florence cannot be separated from the House of the Medici.
From the Paper "Scarcely any great architect, painter, sculptor, philosopher or humanist scholar was unknown or unaffected by the power and influence of the Medici family. Cosimo de' Medici began the first public library since the ancient world (comparable to that at Alexandria), and it has been estimated that in the course of thirty years that Cosimo de' Medici and other members of his family spent almost $20,000,000 for manuscripts and books, a clear indication of the financial power behind the establishment of humanism in the Renaissance era. However, Cosimo de' Medici, always the careful businessman with a keen eye for what was truly beautiful and worth supporting, was not sentimental about his endowment of art and scholarship, for he once stated that his good works were "not only for the honor of God but (also) for my own remembrance." "
