Project Finance and Loan Analysis Essay - 1668 Words

Project Finance Project financing is a non-traditional financing technique that is now being used even by many high-profile corporate projects. It is increasingly emerging as the preferred alternative to finance fixed assets and other large-scale projects. As a study, Project Finance includes understanding the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix, and raise the funds. As per the International Project Finance Association, ‘Project Finance’ is defined as â€Å"The financing of long-term infrastructure, industrial projects and public services, based upon a non-recourse (Project Finance that is secured by some sort of collateral, usually property, plant, equipment etc. is†¦show more content†¦Term loans are usually the basic vanilla commercial loan and bankers classify them into two categories: ï  · Intermediate-term loans: Usually running less than three years, these loans are generally repaid in monthly installments from a businesss cash flow. ï  · Long-term loans: These loans are commonly set for more than three years. Most are between three and 10 years, and some run for as long as 20 years. Long-term loans are collateralized by a businesss assets and typically require quarterly or monthly payments derived from profits or cash flow. Term loans are most appropriate for the established small businesses that can leverage sound financial statements and substantial down payments to minimize monthly payments and total loan costs. The best use of a term loan is for construction; major capital improvements; large capital investments, such as machinery; working capital; purchases of existing businesses. Fortunately, the cost of such a loan is relatively inexpensive if the borrower can properly allocate such loans to generate funds. The bankers usually look at the five â€Å"C’s† before giving any term loan: Figure 2: The 5Cs of Loan Analysis ï  · Character: Character is the judgment of a banker about the borrower. A banker often checks the previous loan and repayment history of the borrower to see how trustworthy the borrower is. A banker also sees the educational background and experience of the borrower to see the borrower’s hands on experience. ï  ·Show MoreRelatedWhat Are The Types Of Long- Term Finance971 Words   |  4 Pagesterm finance that are available to make investment in venture capital business includes both internal and external source of finance. Internal source means issue of share capital, debentures, retained earnings, disposal of any surplus asset that is not needed anymore. However, external sources include bank loans, investors’ loan and loans from financing institutions. Projections are the numerical forecasts that the investor is actually buying and investing in (Dalabeeh, 2013). 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Tim Horton’s Website Analysis Free Essays

On October 25, 2010, I examined the website of Tim Hortons Company. I did this as part of my assignment for Business Communication course in University of Toronto Scarborough. The assignment requires students to compose a website analysis report of a business. We will write a custom essay sample on Tim Horton’s Website Analysis or any similar topic only for you Order Now And I chose Tim Hortons because it has always been one of my favorite coffee shops. This report describes the strengths and weaknesses of Tim Hortons’ website. And at the end of the report, you will find my personal recommendations on the points that could be improved. The report’s purpose is to help Tim Hortons establish a more customer-friendly website. I will explain more on the word â€Å"customer-friendly† through the following parts of the report. Strengths of the Website I am quite impressed by the design of Tim Hortons’ website. By simply looking at the theme colors when I first entered in, I am able to recognize the brand. These brown and red colors are what we commonly see in a local Tim Hortons store. The use of the colors makes the store and website an integral whole. Another thing that attracts me is the flashing banner. Those well-designed advertisement videos give customers a quick view of what is new at the store. They also lead to a better trade promotion. I compared the webpage of Tim Hortons with Starbucks and Second Cup’s. And I discovered that Tim Hortons has some competitive advantages over the other two famous coffee shops. Here are four most prominent ones: * An Offer of Healthier Products Options. Many customers today are not in favor of eating traditional donuts that contained large amount of fat and sugar. In order not to lose those customers, more healthier food options are offered on the website. In the online menu, customers can find one category named â€Å"Healthier Options†. By applying those options, customers may add milk instead of cream to their coffee. They may also choose bagels that are high in fiber instead of donuts. People who enjoy a healthy lifestyle will find Tim Hortons’ products appealing to them. Moreover, for customers’ convenience, there is a link to the â€Å"Nutrition Calculator† beside each category of food. By clicking the link, customers can quickly obtain further information on the products. * Clear Classification of the Products. The catalog appeared in the menu helps to arrange all productions into detailed classes. The arrangement makes the menu more organized and clearer to look at. Customers who want to look for a certain type of products will quickly find their targets. This is a demonstration of â€Å"customer-friendly† webpage. * The Idea of Weather Forecast. On the front page of the website, I discovered a window shown the weather forecast and the best product option to choose under this weather. I found this idea very attractive. The weather forecast transfers a message that Tim Hortons is very concerned about it’s customers. It deserves a brand loyalty. Besides, customers who are aware of this information may come to the website everyday to check the weather. This will result in a higher click rate to the website and more exposure to the advertisements. * Online Shopping Option. A link to the online shopping website is attached to the front page. Not only can customers find cans of grind coffee there, but they can also find gift baskets and other accessories available. This online shopping option will contribute to a larger sale of Tim Hortons coffee. Weaknesses of the Website On the other hand, I discovered some weaknesses of Tim Hortons’ website after compared with other coffee shops’. Speaking critically, there are certain places that could be made better. To demonstrate my findings, I listed four problems below: * Catalog is Not Clearly Indentified. Most customers come to Tim Hortons website to search for information on coffee and baked goods. However, the catalog shown on top of the front page does not include these two items. It takes some time for customers to find their desired information. Besides, all the menus and nutrition information are under the category of â€Å"In Our Store †. I personally think this title is inappropriate. Because â€Å"In Our Store† can mislead people to think about locations, staffs and other unrelated information. * Nutrition calculator is difficult to use. The idea of making a calculator to track calories is very creative. However, the calculator did not function well when I was using it, especially on a Mac computer. The button for â€Å"Detailed Information† is often hidden behind the product category list. This makes the button difficult to click on. Fonts are Too Small to Read. Except for the headlines, the font sizes for most of the written materials are too small. This will result in unwillingness for customers to go further reading. Though the storyboard tells a thrilling adventure, customers may have no interest to look at. * No Sounds for the Banner. Research shows that people’s retention becomes stronger when they can be provided with both visual images and sounds. Having a banner is absolutely a good promotion choice, but without any audio inputs, the advertisements are a bit lack of excitement and harder for customers to remember. Conclusions A website can be said to be â€Å"customer-friendly† if it is able to offer the most to its customers. For the design, the website should be attractive and fun to look at. And for the function, the company ought to focus on an idea of clarity, convenience and simplicity. Compared with the webpage of other famous coffee shops, Tim Hortons is good at making convenience accesses for its customers and delivering sales messages. This is demonstrated by its strengths of clear classification, option of online shopping and an offer of eather forecast and healthier options. Nevertheless, Tim Hortons is a bit weak at providing clear information. Because some titles of the catalog fail to transfer definite information and the fonts of the words are too small to read. Things can be improved also include the nutrition calculator and the sounds of the banner. Recommendations Competition between coffeehouses is quite fierce these days. Though Tim Hortons are most well known in Canada. It does not have such popularity in other countries, even in the United States. One of the accesses for people to gather information of Tim Hortons is through the Internet. Therefore, it is of top primarity for Tim Hortons to establish a more customer-friendly website. Here I provide four recommendations that will contribute to its success: * Change the Titles of the Catalog Categories. Make Category titles clearer to indentify. For example, name â€Å"Coffee† or â€Å"Menu† instead of â€Å"In Our Store†. Also, put the items customers most interested to prominent places. For example, modify the â€Å"Menu† button as the first icon appeared in the catalog at the front page. Improve the Nutrition calculator. If the technical problems cannot be solved, simply add a list of nutrition information containing all products to the website. It is also a good idea to provide a search engine for that information. * Make the Fonts Larger. Make the size of the fonts larger so that customers can easily read the information they are looking for. * Make Banner’s Alive. Deliver music commercials. Add more fun and excitement to the website. This will catch customers’ attention and result in a higher click rate of the website. How to cite Tim Horton’s Website Analysis, Essay examples

Corporate Culture and Strategy in an Organization-Free-Sample

Question: Discuss about th Corporate culture, structure and strategy. Answer: E-learning Activities Corporate Culture and Strategy After carrying out the activity on corporate culture and strategy, some important lessons were learned in relation to business. Corporate culture focuses on the professional values an enterprise adopts that direct how it communicates with workers, partners, suppliers and consumers. The mission system of a business is a synopsis of how the company perceives its responsibility and the persuasions it uses to achieve its objectives. Subsequently the corporate culture is a motivation on how the business works together, it affects the creation of business methodology. There exists four types of corporate cultures namely hierarchy, clan, market, and adhocracy (Root, 2015). Each of these cultures is based on the history and objective of the corporation. Secondly, the activity helped to identify corporate cultures that inhibit the development of business strategies. While culture refers to how a group of people or a company conducts its activities, such mannerisms may later affect the designing of methodologies. Taking the example of Zappo, that bribes employees to quit their previous jobs, it may be challenging to nurture an organizational culture that upholds employee loyalty for such a firm. On the other hand, Toyota has implements the seven dimensions of corporate culture to build good organizational culture. While it is important to nurture and maintain an organizational culture, it does affect the strategies that are developed by the corporation. A culture web is a developing approach that aids companies to align their culture with their goals and strategies (Myatt, 2012). Following the e-learning activities of this week, some of the ideas and lessons learnt could be applied on a personal and an organization level. On a personal experience, challenges have arisen in trying to identify the culture that I should relate. What is culture to me is not always culture to another, therefore, rising a dilemma. However, after this activity, some ideas were brought into better focus. First, culture is the way people do things. It is not a definite explanation rather whose boundaries are drawn by the society. Thus, my culture is how I carry out tasks. Secondly, on a business perspective, the culture that an enterprise adopts affects how the development and implementation of strategies. In the future, I wish to explore entrepreneurship. The relationship between corporate culture and strategy will be a fundamental element to focus. How does this activity relate to an organization I know? Taking Walt Disney as an example, the corporation has merged two corporate cult ure, market and clan, to ensure that the overall organizational culture aligns with its objectives. The two culture relate to internal and external relationships. Disney focuses on both its employees and internal structure as well as its external relations such as customers and suppliers. By doing so, it has strived to maintain a balance between corporate culture and strategy (Bort, 2017). Structure and Strategy Following the lessons from this activity, I comprehended that a corporate strategy is its planning for the entire corporation that sets out how the firm will employ its real assets.it is an organization of activities for attaining particular goals and remaining in great stead with clients and suppliers. On the contrary, a firms structure relates to the way the functions and units of the business fit. For the company to deliver its designs, the procedure and the structure should be aligned. As it were, hierarchical arrangement is a definition used to feature the method an organization ponders progressive system, relegates errands to faculty and sureties its workforce works willingly to achieve a shared goal. The objective is to evade task overlap and employee disarray, with regards to forming a solid structure for long-term efficiency. Task overlap is a situation where at least two staff members carry out similar assignments in different divisions leading to higher costs. This builds confusion and contributes to lack of accountability and inefficiencies (Olins, 2010). While structure is important, it does not always precede strategy. This is because an organization, especially during incorporation, sets up strategies then identifies structures that are aligned with the objectives (Kim and Mauborgne, 2009). Nonetheless, after incorporation most strategies are developed to suit the existing structure. Holacracy is a system that distribute the responsibility of decision-making to different levels of the command chain. Given the structure, culture and strategy, an organization has to align these three factors to achieve its goals (Zheng, Yang, McLean, 2010). According to this activity, I identified that the structure and strategies of a company should be aligned to avoid confusion and improve productivity. On a personal level, these ideas are important. Individually, setting up a plan on how to achieve personal goals based on the current situations is important. The structure determines how the strategies designed will be implemented following the existing resources. It also ensure that I improve on productivity and maintain accountability. On an organization, this develops to a higher level. For example, Coca-Cola, is a multinational company whose objective is to be the leading beverage supply. Since it has a developed structure, it has designed its strategies to fit this structure and achieve its objectives. All it business functions, particularly marketing, finance and production, are integrated to ensure that its main objective is attained (Businesscasestudies.co.uk, 2017). Conclusion After carrying out the two e-learning activities, two basic aspects of an organization are important. These are culture and structure in relation to strategy. The former refers to how the company conducts business and its relations with the internal and external stakeholders. It affects its public image and the motivation of its employees. While culture can be aligned to fit the strategies, it is not always the case with structure. The latter integrates different cultures to attain objectives and most strategies relate to the organizations culture. References Bort, J. 2017. The 25 Most Enjoyable Companies To Work For. [online] Business Insider. Available at: https://www.businessinsider.com/25-best-corporate-cultures-2014-8?IR=T/#-18-usaa-8 [Accessed 18 Aug. 2017]. Kim, C. and Mauborgne, R. 2009. How Strategy Shapes Structure. [online] Harvard Business Review. Available at: https://hbr.org/2009/09/how-strategy-shapes-structure [Accessed 18 Aug. 2017]. Myatt, M. 2012. Forbes Welcome. [online] Forbes.com. Available at: https://www.forbes.com/sites/mikemyatt/2012/05/29/culture-vs-strategy-whats-more-important/#66feee5d72f0 [Accessed 18 Aug. 2017]. Olins, W., 2010. Corporate identity: Making business strategy visible through design. Harvard Business School Pr. Root, G. 2015. The Impact of Corporate Culture on Business Strategy. [online] Smallbusiness.chron.com. Available at: https://smallbusiness.chron.com/impact-corporate-culture-business-strategy-21891.html [Accessed 18 Aug. 2017]. Businesscasestudies.co.uk. 2017. The relationship between strategy and structure - Creating an effective organisational structure - Coca-Cola Great Britain | Coca-Cola Great Britain case studies and information | Business Case Studies. [online] Available at: https://businesscasestudies.co.uk/coca-cola-great-britain/creating-an-effective-organisational-structure/the-relationship-betweenstrategy-and-structure.html [Accessed 18 Aug. 2017]. Zheng, W., Yang, B., McLean, G. N. 2010. Linking organizational culture, structure, strategy, and organizational effectiveness: Mediating role of knowledge management. Journal of Business research, 63(7), 763-771.