The Shakedown Business Essay Example | Topics and Well Written Essays - 1250 words

The Shakedown Business - Essay Example It does not have any connection in the country. The fact that the company’s officials bribe Mylofienko in order to get their telephone lines installed faster make them easy targets for other officials who are extortionists. Ukraine also permits payment of facilitation fee which Zhuk is keen to pay in order to get his company’s telephone lines installed. Additionally, the high business goals that Zhuk sets also make the company a target of extortion by the officials. Zhuk establishes the company so that he can change people’s lives. He pays the best salaries to his workers and ensures they have a comfortable life. Moreover, the company shows that it is willing to pay any official any amount of money so as to pursue business interests in the country. Customer Strategy Solution presumes bribing as the only way of succeeding in Ukraine. They want to have an advantage over other business rivals hence the dealings with officials who are corrupt. Question 2 Customer Str ategy Solution should not have used that mode of payment in order to get their telephone lines installed. By paying a bribe to Mylofienko, the company showed that it was willing to pay any official any amount of money so as to pursue business interests in the country. Customer Strategy Solution presumes bribing as the only way of succeeding in Ukraine. They want to have an advantage over other business rivals hence the dealings with officials who are corrupt. Question 2 Customer Strategy Solution should not have used that mode of payment in order to get their telephone lines installed. By paying a bribe to Mylofienko, the company showed that it was willing to pay any official any amount of money so as to pursue business interests in the country. Zhuk and Hnatyuk visited Mylofienko, a senior telecommunications manager, to acquire relevant information n costs associated with telephone lines installation. According to Mylofienko, renting a telephone line would cost the company ten hyrv nia monthly, and the rate of use would be 0.5 hyrvnia per single minute. The telecommunication company was willing to charge the company 100 hyrvnia. This amount was fair according to Zhuk and Hnatyuk. They were able to pay the stipulated amount as presented by Mylofienko. Mylofienko informed them that it will take a period of three years before the company’s telephone lines could be installed. He attributed this long wait to a huge number of orders placed by people and companies. The delay in installing the telephone lines would mean that the company’s project be slowed down or fail to be realized altogether. Hnatyuk’s thought of acquiring services from another, though more expensive company made Mylofienko decide to help them with the installation, but at a fee. He was to give exceptional treatment to their application. He was to be given $300 per line; he was also to install ten lines in the company’s office at a cost of $500 in a month’s time, and the installation was to begin the week that followed. The higher the amount demanded by the telecommunication company, the faster Customer Strategy Solution, would start its operations. For $3000, the company would start functioning in a month’s time. $5000 meant it would commence its operation the following week. Making fresh appointments, spending extra time getting wired and meeting new people posed a new challenge. These thought made the company decide to accept the terms of Mylofienko in exchange for the installation services. They demanded to get the telephone lines get installed in the shortest time possible. What followed was Hnatyuk’ giving Mylofienko the envelope containing some money and one copy of the contract between the two companies. The company had bribed Mylofienko. They should not have made their payment the way they did. The company should have followed the due process

Business Information Systems Assignment Example | Topics and Well Written Essays - 2000 words

Business Information Systems - Assignment Example ion that is linked to processes as well as responsible for providing business administration a 360-degree vision all through the distributed company departments of the bank. To opt for this business intelligence platform from business Objects was the logical alternatives to facilitate and expand the worth as well as importance of bank’s SAP deployment. The Business objective for the bank’s intelligence platform has the plan eristic to hold up together present and upcoming information requirements as well as it also authorizes bank’s executives by means of the information they require for developing day-to-day working and formulating effective decision for the bank. Bank of Ireland business Group deals with almost thousands of dealer demands into its collective services department every year plus well-organized administration of this data and information flow is quite necessary planned for its Acquire-to-Compensate procedures and practices. Implementation of a lat est ERP application proposed to develop efficiency; it has become apparent that better procedures and practices were enviable for moving as well as recovery of business invoices, plus the bank started out to the marketplace in order to find out new and innovative solution and efficient techniques (SoftCo Group Ltd., 2010), (Laguerre & Welsh, 2010), (SAP-2, 2010) and (Case Study). At the earlier SAP implementation in the Bank of Ireland, there were great opportunities and facilities to the additional and far effective development in business invoice management and accurate handling of business dealings. Formerly the business was functioning totally with manual methods planned for managing and handling business processes which are vital for the approval or required for a number of exceptions determined prior to processing. The major difficulties in the paper-based or manual procedures were becoming more and more difficult plus time-consuming. These incorporated processes which are missing, the troubles