Rare Gem

In: Business and Management

Submitted By jazz786
Words 1294
Pages 6
1. “In light of the entire transaction as it was outlined to them by Wisconsin, did First Midwestern provide the correct advice to their customer on how to structure the transactions? Did they appear to be fully diligent?”

First Midwestern was a well-known bank and has a good relationship with Wisconsin for several years. In my opinion the bank did not provide the correct advice to Wisconsin in structuring and financing the transaction. One of the main reason was, because Wisconsin did not advised their bank with all the details and negotiations happened between them and Vietnamese buyers. The management of Wisconsin had deal with Saigon jewels, (buyers) that they will buy back the finished polished stones and jewelry from Saigon over the period of three years at fixed price. Firstly, Midwestern did not do their due diligence on Wisconsin as well as on Saigon. They proposed certain recommendations to Wisconsin on how to structure the transaction. First they advised Wisconsin to get the irrevocable letter of credit from Saigon’s bank with the conformation add to it. And the total amount ($3 million) to be paid in three installments, first at the sight and remaining two in the term of 12 months. Secondly, they advise the letter of credit for three drafts to be drawn on the seller’s bank and to be accepted by issuing bank after shipments and presentation of all documents specified in LOC. And the first draft was to be payable three months after the shipment, second and third draft were to be due in twelve month terms. Lastly, they agree to confirm the documentary credit if requested by the buyers bank. Midwestern bank did not advise Wisconsin to get the EDC insurance to reduce/avoid commercial risks such as quality of goods and delays in payment as it was also their first time in dealing with Vietnamese buyers.
Based on the information given in the case, I think…...

Similar Documents

Case Study Gems

...the   General   Electric   Medical   Systems   (GEMS)   portfolio   was   manufactured   in   one   to   two   centres  of  excellence.  From  there  the  products  were  shipped  all  over  the  world.  The  case   states   that   60%   to   96%   of   products   made   in   a   centre   of   excellence   were   eventually   sold   in  a  different  part  of  the  world.   At   this   point,   with   regard   to   the   manufacturing   strategy   we   think   it   is   important   to   mention   that   GEMS   only   manufactured   the   most   decisive   parts   of   their   products   themselves,   the   so-­‐called   “crown   jewels”.   This   took   place   in   the   centres   of   excellence.   The  rest  of  the  process  was  mainly  assembly  of  parts  they  bought  from  outside  vendors.   Therefore,  the  vice  president  of  GEMS,  Marc  Onetto,  points  out  that  it  is  “mainly  a  supply   chain  game”.   However,  for  the  most  vital  parts,  where  all  the  technology  and  knowledge  of  GEMS  was   concentrated  the  COEs  were ......

Words: 1401 - Pages: 6

Gem 2011

...  Malaysia   Sponsoring  Institution     London  Business  School,  London,  United  Kingdom   Founding  Institution       Although  GEM  data  were  used  in  the  preparation  of  this  report,  their  interpretation  and  use  are  the   sole  responsibility  of  the  authors.     The   authors   would   like   to   thank   Erkko   Autio,   Alicia   Coduras,   Jolanda   Hessels,   Donna   Kelley,   Miguel   Meuleman,   Jeff   Seaman,   Rolf   Sternberg   and   Peter   van   der   Zwan   for   providing   comments   on   earlier   drafts  and/or   their   crucial   role   in   the   data   collection   procedures.  Special  thanks  go  to  Jonathan  Levie,   and   Yana   Litovsky   for   their   tremendous   contributions   to   this   report.   Also,   an   acknowledgement   to   Carlos  Poblete  for  his  help  on  the  edition.     The  authors  would  also  like  to  express  their  gratitude  to  all  participating  GEM  2011  national  teams.   The  usual  disclaimer  applies.    ©  2012  by  Niels  Bosma,  Sander  Wennekers,  José  Ernesto ......

Words: 10913 - Pages: 44

A Gem of a Study

... A GEM of a Study Abstract: The Global Entrepreneurship Monitor Entrepreneurial Assessment, a joint project of The Kauffman Center for Entrepreneurial Leadership at Babson College (now Arthur M. Blank Center for Entrepreneurship) and The London Business School, has undertaken a long-term, large-scale project to prove the causal links between a government's economic policies and initiatives, the resulting entrepreneurial activity and subsequent economic growth. This case describes multiple-stage research, including thousands of interviews in several countries by established research firms. URLs: www.london.edu www3.babson.edu/eship/aboutblank/ How/When to Use This case deals with the concept of causal studies vs. descriptive studies and what needs to be included in the research design of each study type. It also deals with what constitutes control in research design; in this context it is best used with chapters 6-9. This is also a great case to use to discuss constructs vs. concepts (Chapter 3), as Exhibit C-GEM-1.1 clearly has struggled with defining numerous constructs and multiple-measurement variables and, therefore, could be used to further explore text Exhibit 3-1. The case also mentions the use of standardized data; in this context you could use the case to explore how "standardized" data from different countries really is and where the student seeks such country-specific data. Discussion Questions: 1. What are the independent and dependent variables in......

Words: 1512 - Pages: 7

Silver Morgan Rare Coins

...Silver Morgan Rare Coins When starting an e-commerce business there are some basic items that need to be in place before the site is operational. An examination will be conducted on a simulated business model “Silver Morgan Rare Coins”. A closer look will be conducted on the breakdown of the infrastructure, marketing and communication, privacy and security, ethics, and B2B implications. All key points are necessary in order to have a solid structured business. Business Infrastructure Creation. When creating a web site, design is critical and needs to be appealing and focused on the product line that is being offered. The web design for this business will be outsourced to a professional web developer. The main screen will contain items on sale or any special deals going on and, in addition, the colors of the site will correlate with the coins themselves. The site will be designed in such a manner in which the loading speed will average one to one and a half seconds. Studies have shown that the presentation and ease of maneuverability within a site is critical, and the deciding factor whether or not the consumer likes the site is made within the first few second of visiting. Acquisition. The procurement of merchandise for the site will be done through E-Bay, Craig’s List, and Wholesale distributors. The acquisition will be completed in bulk in order to seize a better price per coin. The coins themselves will have to be certified PCGS or NGC, which are the two......

Words: 1443 - Pages: 6

A Gem of Study

...>cases A GEM of a Study >Abstract The Global Entrepreneurship Monitor Entrepreneurial Assessment, a joint project of The Kauffman Center for Entrepreneurial Leadership at Babson College and The London Business School, has undertaken a long-term, large-scale project to prove the causal links between a government’s economic policies and initiatives, the resulting entrepreneurial activity and subsequent economic growth. This case describes multiplestage research, including thousands of interviews in several countries by established research firms. >The Scenario What government policies and initiatives are most likely to generate high levels of entrepreneurial activity? Which are positively correlated with the economic well-being of a country as measured by growth in GDP and job formation? Project directors of the Global Entrepreneurship Monitor (GEM), who define entrepreneurship as “Any attempt at new business or new venture creation, such as self-employment, a new business organization, or the expansion of an existing business, by an individual, a team of individuals, or an established business,” suggest the following: • Promoting entrepreneurship, especially outside the most active age group (25-44), with specific programs that support entrepreneurial activity. • Facilitating the availability of resources to women to participate in the entrepreneurial process. • Committing to long-term, substantial postsecondary education, including training programs designed to develop...

Words: 1079 - Pages: 5

Autumn Gem China 202

...Being born in the United States I am fortunate to have all the rights that I have, especially since I am female. I cannot imagine what life would be like without all of the changes that have come about because of our nations early feminists. Autumn Gem is a documentary about the life of China’s first feminist and how it sparked the women’s movement in China. Qiu Jin challenged the traditional gender roles and demanded equal rights and opportunities for women in China. She became interested in defining women’s rights at an early age. As a child she looked up to other influential women in China’s history. Qiu Jin studied martial arts as a young child and began schooling after watching her brother and his tutor. Qiu Jin became an accomplished writer, talented martial artist, and a leader of a revolutionary army. In the 20th century she was recognized as a national heroine who redefined what it meant to be a woman in China. At the beginning of the movie we see Qiu Jin trying to take the role as a traditional woman in China. You see her going through an arranged marriage, to a wealthy man and came from a religious family, and practiced foot binding. As her marriage progressed Qiu Jin became very unhappy with being a submissive house wife. So she began to read and write for a women’s activist newspaper. She had two children and soon was divorced. Her and her fellow activists’ supporters built a school where they would recruit and train new members of the cause. They hoped the......

Words: 819 - Pages: 4

Gems Case

...1. Analyze overall challenges of GEMS in 2002 a. Technological change: + Genomics and healthcare information technology such as Digital Imaging, Electronic Patient Records and Disease Management Systems make personalized medicine and personalized diagnostics possible. Moreover, healthcare practice move from cure to prevention. These changes require expertise in biomedical sciences rather than in engineering and physics; and also investment, collaboration with pharmaceutical companies which facilitate the creation of imaging equipment necessity to alter GEMS business model which is away from engineering heritage toward bio-chemistry and develop drug based on genetic code for specific individual, or small group rather than entire population. b. Demographic change: + Population were aging in advanced nation, implied fewer working-age people to pay for more intense care while the emerging middle-classes if Asia, Eastern Europe and Latin America were increasingly aware of, and needed, better healthcare. This requires the shift in distribution of healthcare equipment in these countries (more for Asia, Eastern and Latin America) and the change in market segment of healthcare equipment. + Global information flows made healthcare disparities between developed and developing nations more stark and unacceptable. Thus, concentrating more on developing world needs great effort investment and customization. c. Fierce competition: + Siemens is leading in healthcare IT, which is......

Words: 675 - Pages: 3

Gems and Jewellery's

...the part of the user due to any reliance placed or guidance taken from any portion of this report. Human Resource and Skill Requirements in the Gems and Jewellery Industry Study on mapping of human resource skill gaps in   India till 2022  Human Resource and Skill Requirements in the Gems and Jewellery Industry Table of Contents 1.  Environment Scanning and Competitiveness of the Gems and Jewellery sector .................... 4  1.1.  1.2.  1.3.  1.4.  1.5.  1.6.  1.7.  2.  India in the Global Context ..................................................................................................... 4  Industry size and Growth of the Gems and Jewellery Sector ................................................. 4  Value chain of the Gems and Jewellery sector ....................................................................... 9  Market Structure of the Gems and Jewellery sector ............................................................. 11  Demand Drivers of the Gems and Jewellery sector .............................................................. 16  Drivers of competitiveness of the Gems and Jewellery Sector ............................................. 18  Key Success Factors and Risk Factors of the Gems and Jewellery sector ............................ 19  Human Resource and Skill Requirements in the Gems and Jewellery Sector ...................... 21  2.1.  2.2.  2.3.  2.4.  2.5.  Current employment pattern......

Words: 16187 - Pages: 65

Gem and Jewelry

...Gems and Jewellery Last Updated: December 2010 Gems and jewellery form an integral part of Indian tradition. A legacy passed from one generation to another. The components of jewellery include not only traditional gold but also diamond, platinum accompanied by a variety of precious and semi-precious stones. The Indian gems and jewellery sector is expected to grow at a CAGR of around 13 per cent during 2011 – 2013, on the back of increasing government efforts and incentives coupled with private sector initiatives, according to a report ‘Indian Gems and Jewellery Market Forecast to 2013’, by RNCOS. As per the credit rating agency Crisil, the diamond industry in India is predicted to remain stable during 2010-11 due to improved prices and steady demand. Gems and jewellery exports from India is expected to grow by 30-35 per cent in 2010-11, according to the Gem and Jewellery Export Promotion Council (GJEPC), on the back of revival in demand in the international markets. Industry Structure Although, the market is highly dominated by the unorganised players, with increase in consumer income and economic prosperity, the future of organised retail in India is very bright. In its bid to enhance the market strategy, a gems and jewellery special economic zone (SEZ) sprawling over 40 acres with an investment of US$ 441.1 million is being planned to be set up by Gold Souk, the jewellery mall developer. The company plans to have residential apartments named Gold......

Words: 1232 - Pages: 5

Rare Earth Elements

...RARE EARTH ELEMENTS What are rare earth elements ? Les terres rares sont un ensemble de 17 éléments rares, qui présentent des propriétés chimiques. The Japanese call them “the seeds of technology.” The US Department of Energy calls them “technology metals.” They make possible the high tech world we live in today – everything from the electronics, to the enabling of green energy and medical technologies. These elements have become irreplaceable to our world of technology, thanks to their unique magnetic, phosphorescent, and catalytic properties. What are the elements ? Here a few… Neodynium | Neodymium-Iron-Boron alloy (Nd2Fe14B) makes the most powerful magnets in the world. These magnets are used in loudspeakers and computer hard drives to make them smaller and more efficient. | | Lanthanum | Improves clarity in camera and telescope lenses.Key component of batteries in hybrid vehicles, computers and electronic devices. | | Cerium | Used in catalytic converters in cars, enabling them to run at high temperatures and playing a crucial role turning smog-causing molecules into carbon dioxide. | | Gadolinium | Used in X-ray, MRI scanning systems and television screens.Used in shut-down mechanisms for nuclear reactors. | | Europium | Phosphor for red and blue in visual displays, including TVs and computer screens.Used in control rods in nuclear reactors because of neutron absorption capabilities. | | Terbium | Solid state devices use......

Words: 583 - Pages: 3

Why Are Big Fierce Animals Rare?

...Marisela Montes April 10, 2011 BIO-100l Biology Concepts – Lab Steven Lenk Why Are Big Fierce Animals Rare? Paul Colinvaux an ecologist and zoologist was best known for many perceptions of energy and the food chain; however, the most important and challenging question he ever presented was, “Why Are Big Fierce Animals Rare? Colinvaux’s argued that big fierce animals were rare because of the lack of energy available to them after each step of the food chain. He felt that because meat eaters were the last on the food chain they were the animals mostly affected by the loss of energy which takes place through the stages of the food chain. Colinvaux’s argument does provide an accurate response to his own question, lack of energy available to big fierce animals can be a reason for their rare existence. Nonetheless another explanation could be blamed on the humans. All around the world, hunting is seen as a sport or hobby. The killing of animals mainly to obtain trophy status is actually done as a form of entertainment. In the United States alone, the government has gone as far as setting rules and regulations for hunters such as the designation of seasons, assignment of license to hunt and allotted tags for each and every hunter. It is quite unfortunate that we live in a society which accepts the killing of innocent, defensive animals as a form of hobby. For example, "Bait and Shoot" is one of the widespread abuses of wildlife in sport hunting, where......

Words: 548 - Pages: 3

A Gem of a Study

...>cases A GEM of a Study >Abstract In periods of economic downturn, government leaders try to stimulate entrepreneurship activity. Project directors of the Global Entrepreneurship Monitor, partnered with the Kauffman Center for Entrepreneurial Leadership of Ewing Marion Kauffman Foundation, the London School of Business and Babson College,designed a research study to add insight to what activities would be most likely to stimulate entreprenship activities. >The Scenario What government policies and initiatives are most likely to generate high levels of entrepreneurial activity? Which are positively correlated with the economic well-being of a country as measured by growth in GDP and job formation? Project directors of the Global Entrepreneurship Monitor (GEM), who define entrepreneurship as “any attempt at new business or new venture creation, such as self-employment, a new business organization, or the expansion of an existing business, by an individual, a team of individuals, or an established business,” suggest the following: • • • • • • Promoting entrepreneurship, especially outside the most active age group (25– 44), with specific programs that support entrepreneurial activity. Facilitating the availability of resources to women to participate in the entrepreneurial process. Committing to long-term, substantial postsecondary education, including training programs designed to develop skills required to start a business. Emphasis on developing an individual’s......

Words: 1092 - Pages: 5

Gems Case

...underlying logic behind the global product idea? What are the costs and the benefits that are expected? Answer- Global Electric Medical Systems (GEMS) had built a global presence on the backs of the Global Product Company (GPC) concept .This philosophy concentrated on manufacturing and then carry out activities anywhere in the world, where it could be carried out to GE’s Standards and cost effectively without compromising on quality. Medical equipment are globally standardized product which don’t require to be tweaked or adapted to local market needs. GEMS in terms of Adaptation, had invested heavily in country-based sales and marketing by providing equipment and services such has training and consulting advisory tailored to country specific needs. GEMS had overtaken its competitors through Arbitrage; The GPC led to building of Centers of Excellence (COE). From these COEs 60-96% of the products were shipped to other locations. COE were strategically located at developing economies which shipped its developed products to different countries (First world countries) which saved costs and time, thus maintaining its market leadership and addressing the demands for affordable equipment’s globally. Medical Equipment industry has proven that Aggregation has one of the key factors for this type of industry over the past few years. GEMS had also addressed aggregation related challenge through GPC concept and managed to remain profitable and market......

Words: 1285 - Pages: 6

Gems & Jewellery Industry in India

... Jewellery & Gems Industry * Group 10 * K Ashwin * Himanshu Raj Gupta * Lalit Mittal * Kaustav Ghosh * Meghna Singh * Kishan Khedia * Gunjankumar Solanki Table of Contents Executive Summary Situation Analysis Climate (PEST) Company Gitanjali Gems Tribhovandas Bhimji Zaveri Titan Industries Ltd (Tanishq) E-commerce in Jewellery Customer Analysis Collaborators Porter’s 5-forces analysis Problem Brand : TANISHQ Executive Summary According to a report by Research and Markets, the Jewellery Market in India is expected to grow at a CAGR of 15.95 per cent over the period 2014-2019.The Gems and jewellery sector in India plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP. One of the fastest growing sectors, it is extremely export oriented and labour intensive. India is deemed to be the hub of the global jewellery market because of its low costs and availability of high-skilled labour. The gold jewelry exports from India were US$ 554.45 million in December 2014, while silver jewellery exports were US$ 148.49 million, according to the latest data released by the Gems and Jewellry Export Promotion Council (GJEPC). The cumulative foreign direct investment (FDI) inflows in diamond and gold ornaments in the period April 2000-December 2014 were US$ 476 million, according to Department of Industrial Policy and Promotion (DIPP). The sector is witnessing changes in consumer preferences, as the......

Words: 3803 - Pages: 16

Good Managers Are Rare

...Good Managers are Rare Park University American research and management consulting company, Gallup Inc, conducted a study to determine why good managers are rare in current companies. It was found that companies fail to choose the best candidate with the right talent 82% of the time. Gallup reported that only 30% of U.S employees are engaged at work. This means that employee teams are lacking the needs related to morale, motivation, and clarity which decrease performance of the team. The managers chosen to run these teams cost businesses billions of dollars and bring companies down each year. The conventional selection process in place contributes to the inefficiency in management. Most companies promote workers into managerial positions because they deserved it, rather than because they have the talent for it. To turn this around, companies have to find great managers with the correct traits that are assertive, motivate, build relationships, create accountability, and make decisions. The Gallup research reveals that great managers are rare where only about 1 in 10 people possess all the necessary traits to be a great manager. Company leaders should maximize on this 1 to 10 ratio as their next great manager is possibly already hiding in plain sight within their companies. The managerial topics that were addressed in the Harvard Business Review article "Why Good Managers Are So Rare” that relate to our current study in MG371 Management Class are the traits of a...

Words: 658 - Pages: 3