Business For Today

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Last edit: 18:10, 26 April 2009

Kindly reply to my specific posts here

Victor.mensah (talk)18:10, 26 April 2009
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Last edit: 18:26, 26 April 2009

Agenda Item 1: Wrap up of Financial Management Discussions

Kindly reply to this and put your comments about the FM assignments here. Shumi will respond accordingly

(Comment.gif: DISCUSSION CLOSSED !!)

Victor.mensah (talk)18:11, 26 April 2009

I have been asked to look at the rationale for using thr turnover figures against the revenue figure for the trend analysis that we performed. I can see the ratio analysis was done using revenue, so I am yet to respond to that. Shumi, its on my to do tonight.

JEREMIAH CHAPHXANYA (talk)18:17, 26 April 2009

please i need clarifications as well, what's the difference between revenue and turnover?

Akachi Ngwu (talk)18:19, 26 April 2009
 

the assignment was ok on myside, shumi will comment better as the project leader

Akachi Ngwu (talk)18:17, 26 April 2009
 
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Last edit: 18:17, 26 April 2009

Lions as per e-mail sent a little earlier. I need your final comments on the draft. Shungu will be putting it on 'letter head' shortly. That assignment is quite subjective hence the more thoughts the better. For now 2 questions

I have not managed to keep it to 8 pages. There are a lot of tables there. Should I maintain the current 11 pages or chop stuff. The 11 pages is driven by Tables

Who will do the final quality check in the absence of Hermanus....is this Jerry??/

Shumimlingo (talk)18:17, 26 April 2009

In the abscence of Hermanus and with Jeremiah travelling this week perhaps Utang can fill in? Utang has made very good point also about referencing etc. We can still use the same templates developed, etc.

Victor.mensah (talk)18:21, 26 April 2009
 

I think I may be the culprit on quality checks. However, I am not able to pdf documents using my notebook. So i will ask any member to help pdf after i do the final quality checks.

JEREMIAH CHAPHXANYA (talk)18:24, 26 April 2009

Thank Jerry. I'm sure Utang can PDF. --Shumimlingo 18:27, 26 April 2009 (UTC)

Shumimlingo (talk)18:27, 26 April 2009
 

Utang is the substitute of Hermanus on the project charter. The probelm is she is not online to commit to do that, i will chase that up with her. can some of the tables be put as Appendixes, then you do not have to chop the document, right? This is a braod comment because I was not able to see the document yet.--Luisaserra 18:25, 26 April 2009 (UTC)

Luisaserra (talk)18:25, 26 April 2009

lets go with utang. as suggested by luisa. use appendixes so as to avoid chopping off the documents

Akachi Ngwu (talk)18:38, 26 April 2009
 
 

I do not know whether i have missed the draft or not are we sure we can wrap up before the first draft? and this afternoon Shumi asked us about the formulas which were used there after i did not check with my mail. --Shungunyoni 18:18, 26 April 2009 (UTC)

Shungunyoni (talk)18:18, 26 April 2009

Lions The first draft is in your e-mail boxes. I sent it earlier today. What I need is for everyone to have a look and comment on it and send responses via mail. Shungu, I need your assistance with the final editing. --Shumimlingo 18:21, 26 April 2009 (UTC)

Shumimlingo (talk)18:21, 26 April 2009

okay can you give people a deadline for their comments so that if no comment comes along l get to know that all is fine. the other question is , l know it is sensitive but l need to know on the members contributions, it is purportedly said that Hermanus has withdrawn is this official, so that he appears on the contribution lists?--Shungunyoni 18:39, 26 April 2009 (UTC)

Shungunyoni (talk)18:39, 26 April 2009
 
 

Lions, we need to have this draft by tomorrow available to all. Shungu & Shumi please make sure it happens. Quality checks needs to be done by Utang she is the one that replaces Hermanus as per the project charter, she is not online so I will try and get hold of her, otherwise who is available to do quality checks on the document?--Luisaserra 18:22, 26 April 2009 (UTC)

Luisaserra (talk)18:22, 26 April 2009

well, moving forward we may look at utang now so that we can sort out the assignment.

Akachi Ngwu (talk)18:25, 26 April 2009

Akachi, is she back in Lagos? do you know?--Luisaserra 18:26, 26 April 2009 (UTC)

Luisaserra (talk)18:26, 26 April 2009
 
 
 
Edited by author.
Last edit: 18:50, 26 April 2009

AGENDA ITEM 2.1: Company Selection and Overview

  1. Are there any comments/questions about the company selected?
  2. Jeremiah -- any comments about your assigned task?

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Victor.mensah (talk)18:23, 26 April 2009

I will do the brief analysis of the company tonight and ship the document to you. The key reference document will be the 10K document, which i forwarded to all of you.

JEREMIAH CHAPHXANYA (talk)18:26, 26 April 2009

Thanks a lot. Its nice we will have the doc by tommorrow. ALthough the 10K document is available, the breif developed in the format i gave will be helpful. We will all also be falling on you for more bits and peices of info. You must definitly know the company - even if not too thouroughly, better than any of us.

Victor.mensah (talk)18:30, 26 April 2009

Victor - Maybe the key question is do we need to look at an entity where we have authority to talk to the company or not? If so, then we may have an issue here?

JEREMIAH CHAPHXANYA (talk)18:35, 26 April 2009

At this particular stage i beleive the most important thing is to KNOW the company and how their operate. We may use any company at all so far as we can make authoritative assessment of issues. Even without permission from the company (like in my first case), because i KNEW how we operate, the brief allowed all members to make analyses even without having TOO MUCH information on the company.

Victor.mensah (talk)18:39, 26 April 2009
 
 
 

yes, i have gone through the documents as sent by jeremiah. its quite large. does the company know about the study?

Akachi Ngwu (talk)18:28, 26 April 2009

The answer is no Akachi. Like i said before, I couldnt get clearance from these guys. However, we went for it because its a punblicly listed entity with more publicly available information

JEREMIAH CHAPHXANYA (talk)18:33, 26 April 2009

I think if we want a formalised way to do this we will not manage taking into consideration that we have been trying to get one without success. I think we should go ahead.

Hove (talk)18:41, 26 April 2009
 
 

Maybe to add more detail on the company selected. It is called ACE Insurance. It is Swiss domiciled, NYSE listed and operates in over 50 counrties in the world.

Products - Life and Non Life insurance - Reinsurance products

Markets - Over 50 countries in the world. - Across all continents of the world. - Dominant in the US and EU. - Has massive operatiosn at the Lloyds of London

Competition - Key competitors include AIG, XL, Allianz, etc

Distribution Channels - Brokers - Online products In short this gives you a glimpse of the entity

JEREMIAH CHAPHXANYA (talk)18:31, 26 April 2009

thanks for your explanations.

Akachi Ngwu (talk)18:41, 26 April 2009
 
 
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Last edit: 19:04, 26 April 2009

AGENDA ITEM 2.2: Section 1

  1. Per the new arrangments, i beleive Luisa will be handling this whole section now - is that the case?
  2. Are there any questions/comments?

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Victor.mensah (talk)18:34, 26 April 2009

Victor - I posted a question to you on point 1 based on what Akachi asked. Do we need to have authority to speak to the company that we analyse?

JEREMIAH CHAPHXANYA (talk)18:37, 26 April 2009

I really dont think so. My detailed answer above in the original querry.

Victor.mensah (talk)18:41, 26 April 2009

Victor- Iam sorry I might be behind did you send the SOW for the Strategic Management?

Hove (talk)18:50, 26 April 2009

yes Hove, i did send the SoW. Someone should kindly foward to Hove now.

Victor.mensah (talk)18:51, 26 April 2009
 
 

Not necessarily.--Luisaserra 18:44, 26 April 2009 (UTC)

Luisaserra (talk)18:44, 26 April 2009
 

Hi Victor I am ok with the section, I will keep in touch with you and Jeremiah as I progress. Utang is flying into Nigeria this evening so I definetly will talk to her tomorrow, we can move to the next topic. Regarding the company, I believe it is fine to have this company. We will use the website and other available business information on ACE. When we run into a sang we will have to make a consultation to Jeremiah on how we proceed. Dear Lions it is to late to start debating now about this being the right company, let's take the challenge and deliver this assignment. The problem we are facing a lot of other groups must be facing, I am sure of that and we all need to make plan B, that is what we have done, let's move with confidence forward.--Luisaserra 18:41, 26 April 2009 (UTC)

Luisaserra (talk)18:41, 26 April 2009

i agree with you luisa, we need to make progress i think the assignment is due on May 15 just three weeks away. the document/company information sent by jeremiah has detailed information about ACE. so we can work with that.

Akachi Ngwu (talk)18:44, 26 April 2009
 

I am fine with your response above both.

JEREMIAH CHAPHXANYA (talk)18:46, 26 April 2009

thanks.

Victor.mensah (talk)18:49, 26 April 2009
 
 
 
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Last edit: 19:05, 26 April 2009

AGENDA ITEM 2.3: Section 2

Any comments/questions?

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Victor.mensah (talk)18:43, 26 April 2009

my section is okay l am still marrying it with the selected organisation ace.it should be straight forward.--Shungunyoni 18:57, 26 April 2009 (UTC)

Shungunyoni (talk)18:57, 26 April 2009

Thanks Shungu. WIll look foward.

Victor.mensah (talk)19:04, 26 April 2009
 
 
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Last edit: 18:48, 26 April 2009

AGENDA ITEM 2.4: Section 3

Any comments/questions?

(Comment.gif: ACTIVE for discussions for the nest 5 minutes)

Victor.mensah (talk)18:48, 26 April 2009

please can you help with the details of each section? this may help for the discussion.

Akachi Ngwu (talk)18:53, 26 April 2009

Akachi, i provided detailed on the SoW about the expected outputs from everybody section by section. It may be helpful if we ALL had our SoW opened in front of us?

Victor.mensah (talk)18:56, 26 April 2009
 

ok, with the information available i will proceed with the internal & external environment analysis of ACE as assigned.

Akachi Ngwu (talk)18:56, 26 April 2009

Thanks a lot my brother. How about you Shumi?

Victor.mensah (talk)19:02, 26 April 2009

Vic

I responded to this...I'm ok. --Shumimlingo 19:04, 26 April 2009 (UTC)

Shumimlingo (talk)19:04, 26 April 2009
 

Can someone kindly email me the Strategic Management SOW. Use these addresses: hove@work.co.bw or tmatabire@yahoo.com

Hove (talk)19:02, 26 April 2009

Hovelet me do that when we finish the wikitalk--Luisaserra 19:10, 26 April 2009 (UTC)

Luisaserra (talk)19:10, 26 April 2009
 

Hove, SoW has been resent. All the best. You are handling Section 4.1

Victor.mensah (talk)19:11, 26 April 2009
 
 
 

Hi Victor,

Sorry for the delay. I was a bit lost. I'll do my part. --Shumimlingo 19:00, 26 April 2009 (UTC)

Shumimlingo (talk)19:00, 26 April 2009

thanks Shumi. I have also just sent you an email in response to an ealier one. ALl the best.

Victor.mensah (talk)19:07, 26 April 2009
 
 
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AGENDA ITEM 2.5: Section 4

Any comments/questions?

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Victor.mensah (talk)18:54, 26 April 2009

since there is no response, can we close for the day?

Akachi Ngwu (talk)19:04, 26 April 2009

What about the last agenda- AOB?

Hove (talk)19:08, 26 April 2009
 
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No comments from me.

JEREMIAH CHAPHXANYA (talk)19:05, 26 April 2009
 

Maybe as a point to everyone, we wil need to focus on the Insurance business of ACE. I will summarise the different types of businesses/ segments they have and expand on what they represent. Dont worry about the insurance jargon, but they sell a product just as good as blades from Gillete.

JEREMIAH CHAPHXANYA (talk)19:07, 26 April 2009
 

Maybe as a point to everyone, we wil need to focus on the Insurance business of ACE. I will summarise the different types of businesses/ segments they have and expand on what they represent. Dont worry about the insurance jargon, but they sell a product just as good as blades from Gillete.

JEREMIAH CHAPHXANYA (talk)19:07, 26 April 2009

though the information is very large. there seems to be no difficulty in the assinment. so we can proceed.

Akachi Ngwu (talk)19:11, 26 April 2009
 
 
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Last edit: 19:13, 26 April 2009

AGENDA ITEM 3: Any Other Business

  1. Any comments/questions?
  2. We are wrapping up today's meeting now.

(Comment.gif: ACTIVE for discussions for the nest 5 minutes)

Victor.mensah (talk)19:09, 26 April 2009

I will make efforts to respond to emails, but please bear with me, i have a hectic 2 weeks away from home.

JEREMIAH CHAPHXANYA (talk)19:11, 26 April 2009

I understand Jeremiah. We are with you. All the best.

Victor.mensah (talk)19:13, 26 April 2009
 

dear Lions, we still did nto discuss hermanus contribution % for the finance assignment, what is the teams position?--Luisaserra 19:11, 26 April 2009 (UTC)

Luisaserra (talk)19:11, 26 April 2009

is the withdrawal official? i guess if the withdrawal is official, then we can remove his name from the team list.

Akachi Ngwu (talk)19:15, 26 April 2009
 

Luisa

I'm a bit confused about Hermanus. If he has withdrawn will us giving him any contribution help? Anyway for the record I'm ok with giving 100%. Just a bit confused. Please e-mail us an official position --Shumimlingo 19:15, 26 April 2009 (UTC)

Shumimlingo (talk)19:15, 26 April 2009

Shumi, he told me he would send all of us an email saying good bye and he was going to talk to SBL about dropping the studies for this year. I will give hima a call tomorrow and find out, because if he has dropped from studies us giving him 100% does not show a lot of credibility as group you understand?i will come back to you all on it, thanks.--Luisaserra 19:19, 26 April 2009 (UTC)

Luisaserra (talk)19:19, 26 April 2009
 

Perhaps what makes his case different, is that he communicated his issue. I sympathise with him, and i urge you guys to support him for now. I go for a 100% score.

JEREMIAH CHAPHXANYA (talk)19:16, 26 April 2009

Dear Jeremiah, I will contact him regarding this issue, so I express to him that we asa team will give him 100%, but I need to know if he has officially drpped from SBL. Thanks for the contributions--Luisaserra 19:24, 26 April 2009 (UTC)

Luisaserra (talk)19:24, 26 April 2009
 
 

yes o. how are we preparing for the test? has everyone checked on mylife email account. how about study school in june? can we plan to stay in one hotel?

Akachi Ngwu (talk)19:13, 26 April 2009

Akachi I hope u will act father christmas and shower us with beers at the study school.

JEREMIAH CHAPHXANYA (talk)19:15, 26 April 2009

get ready. how many bottles can you go?

Akachi Ngwu (talk)19:19, 26 April 2009
 

I am also very interested in the test. Has there been any new EDS posts with past questions etc?

For the study school, we need to live together or in very close proximity as discussed. We should also arrive on the Saturday as discussed and agreed by the group so that we have our scheduled formal group meeting for the year.

Victor.mensah (talk)19:17, 26 April 2009

Arriving on Saturday is a must, as we agreed back in February. i will be staying at Mia's Nest as I did last study school. Akachi are you staying there too?--Luisaserra 19:22, 26 April 2009 (UTC)

Luisaserra (talk)19:22, 26 April 2009