Evaluation of teaching Essay

In groups students will successfully complete a procedural checklist/guide and then demonstrate the procedure following the checklist meeting the following criteria: Note made of all material needed for the procedure. Procedure for preparing the environment and the patient for the NG tube insertion described and performed satisfactorily. Each step for NG tube insertion outlined and followed, in PRECISE order, and with correct technique. All necessary checks and appropriate precautions required during and at the end of the procedure are made and reasonable justification given for why such precautions were necessary. Detail made of two scenarios that may be presented (e.g. ph above 6) and alternate steps or procedures that should be followed. While the student is demonstrating the procedure the teacher will be observing the demonstration. You have a checklist with the above criteria A-E and you award a mark on a scale of 1 to 5 to say how well the student is meeting each criteria. For example in C does the narrator and the demonstrator follow each step correctly or do they mix the steps up. Do they forget to do something that they are supposed to do like check for any obstructions in the nose and throat? The students are rated for each of the criteria and given a mark out of whatever mark you want to give. This mark does not even have to be written down but you just have it in your head that the persons performed the tasks excellently, good, fairly well or very poorly. You will use both demonstration and the checklist as the basis for your evaluation. If you collected the checklist that the students did then evaluation of this could be done separately. Basically the students should follow the procedure the same way you demonstrated it and based on how well they follow instructions you will know whether or not they understand and can perform the procedure. If you need additionally clarification please send a message to me on the system.

Ducati & Texas Pacific Group †a ”Wild Ride” Leveraged Buyout

Ducati & Texas Pacific Group – A †Wild Ride† Leveraged Buyout 1. What is the nature of the opportunity? Could the Ducati brand be expanded beyond motorcycles? Why or why not? TPG strategy is to invest in undervalued firms’ that usually have been poorly managed. The investments are made in privately hold firms that are either unlisted from the beginning or that is being delisted from the stock exchange under the LBO process. TPG wants to invest in firms with a â€Å"healthy† basis but that are experience some problems that TPG believes’ that they can fix. Does Ducati live up to this? TGP has the opportunity, if the deal goes through, to purchase a controlling stake in Ducati Meccanico, producer of the best motorcycles in the world. The article describes that Ducati was in a great position of becoming for street bikes as what Harley-Davidson was for cruisers. They have a recognized brand, in spite of limited marketing, associated with high performance, i. e. high quality and high technology. Their bikes crushed the competition and won the World Superbike championships for several years in a row; 1990, 1991, 1992, 1994 and 1995. Their racing performance indicated on technical brilliance which is just what street bike customers’ prefer and therefore they had customers on the wait lists to buy their bikes. The core business possible growth was considered as high when comparing their number of sales to Harley-Davidson sales. In addition, to this the market didn’t foresee any new entrants of street bikes which also work in their favor. The manufacturing fundamentals were strong with low fixed costs due to high levels of outsourcing, 85 %. They offered the customers 15 models of bikes in four families founded on seven various engines. Furthermore, the most expensive part of an engine is the crank cases and cylinders but Ducati can keep these costs low since they have high levels of standardization of their engines and therefore only need two crank cases and three cylinders because. All these factors’ make Ducati look like an attractive brand that should have a prosperous economy. But they were under great financial pressure and faced severe problems in both manufacturing and financing. They had no money and weren’t allowed to borrow any either which caused extreme delays on payments to key suppliers. Therefore their factor was full of unfinished/almost-finished bikes. This affected their sales and extended their customer wait lists but it also affected suppliers and some of them went bankrupt. Ducati were short on working capital and the business was so entangled with Cagiva Group, which Ducati was a part of, that the detail’s on Ducati’s performance was not transparent at all. In the time span from 1993 to 1995 there was only a reliable balance sheet from 1995. TPG managed to assemble the profit and losses for the other years. All this together indicates a really poorly handled management. The forecasted EBIT for 1996 was negative and there was an imminent chance that Ducati went bankrupt since they couldn’t meet there payments. This lack of transparency has made it hard to find financing. TPG can succeed if they manage to build a model that captures their payback goal times three in three to five years. They need to find out what the Ducati should be earning and around these assets construct an international company. TPG can expect to take over a mismanaged company under financial pressure/distress but that have great potential in their strong brand and manufacturing fundamentals. To make this work they need to use a capable management team that can build up both the brand and the company. They need arrange the financing to be able to recover from the distress and to start making some money. But as they state in the article they will have to write at least a thousands of checks on their first day. Ducati brand could and should probably be extended beyond motorcycles even though a first step is to close the deal, take control over and built up the company. There for it might not be a good idea, at least not the first thing to start with. As I already pointed out Ducati is in a great position to imitate, for street bikes, what cruisers are for Harley-Davidson. Harley-Davidson has succeeded in creating a life-style brand with as much as 15% of its sales, with a growth potential, coming from just clothing and mechanical accessories. Ducati could look at the products Harley-Davidson is selling and how their selling them. They could also compare with a car company, like Ferrari, that has a lot of clothing and accessories that they sell. Ducati has a great potential to extend beyond motorcycles with motorcycle clothing and accessories and mechanical accessories. There are probably a lot of motorcycle stores that would want to sell their products and they could also sell them through their own shops and from online shops. It is just the imagination, costs and the combination of a balanced brand expansion that sets the limits. 2. How does this deal differ from a typical deal in the US? In terms of deal flow generation, due diligence process, negotiations and context? Deal flow generation The deal flow is the ability used by equity firms to identify attractive potential investment candidates, i. e. the ability to generate deal flow. This flow is generated from a wide range sources’, from for instance the experience and network built up by working in specific businesses to the network of senior corporate executives and it is this flow that discover opportunities that otherwise would have gone by unnoticed. Now days’ investment banks generally works as agents that sells the opportunity to invest for a fee paid by the seller in a sale process akin to an auction. To help Cagiva through its financial distress the Castiglioni brothers wanted to get a bridge loan from DMG so they contacted Razzano but he wasn’t interested in signing them a loan agreement. Instead he saw the potential of an investment and contacted Halpern since they were looking for a joint investment. Due diligence Due diligence is the valuation process undertaken before the parties sign the deal to identify the future of the potential investment but also to estimate the proper price for the investment. Equity firms’ usually creates a model on several hypotheses that captures the payback of the investment. Due diligence is a vital process in investigating the financial health, technology, the market, and the current management. A lot of different sources are used and in connection to this the investing firm usually signs a confidential agreement. The due diligence process generally starts after the parties have signed a Letter of Intent and paves the path to further negotiations between them. TPG have signed a Letter of Intent with the Castiglioni brothers and are trying to build a model that captures their payback. The problem for them is to separate the intertwined Ducati from Cagiva to find out what the Ducati should be earning to be able construct an international company around these assets. Negotiation If the sale is conducted through an auction by an investment bank intermediate the due diligence process often leads to a final proposal by the bidders’ and this is where the negotiation phase starts with chosen bidders. The negotiations then lead to an agreement between the parties. According to the article the negotiations in the US are done more in a linear path but the negotiations with Cagiva can best be described as a circular path. TPG has been negotiated with Ducati for almost a year. This is probably were the cultural difference is most prominent. Americans chose to discuss every issue separately step by step and after every discussion they want to include this in the contract between the parties. Italians see the whole picture in every discussion so when the Americans have decided something new in the next step of the precoess the Italians want to go back to the previous steps and re discuss them. Furthermore, Italians don’t like do business if they can’t trust the other part in America you don’t have to feel the trust since you include every little detail in the arrangement otherwise you can get sued. Maybe that is why the Castiglioni brothers might not trust TPG if they are not willing to re discuss everything again. Maybe that is why they are trying to shop the deal to others even though they have signed a Letter of Intent with TPG. This would never happen in America. But they have not participated in any meetings and in America it would probably not be hard to sign a contract under an LBO situation. TPG believed that their behavior replicated an act of trying to back out of the deal. Context LBO’s in U. S. eems much more organized than in Italy but at the same time this might make it harder to find interesting targets that have the same growth potential or at least the competition of acquire them might be harder. The development of the high-yield markets in Europe compared to US differ since the markets in Europe was not as developed as the US market. This made it harder for TPG to accomplish the same level of leverage as in the US. Halpern compare the debt-to-equity rat io as 2:1 in Italy compared to 3:1 in the U. S. On the other hand TGP were looking for companies that had grown hastily but still was arranged as small company and in Italy companies aspired to be small because of the fact that they then paid less tax. In order to pay even less tax it wasn’t uncommon, according to Halpern, to find relatively small companies with as much as 50 subsidiaries. This is usually not the case in the U. S. To overcome the aim to stay small and to not go public â€Å"Tremonti Law† allowed companies that went public in 1996 a two years tax relief. 3. What is the value of Ducati at the time of the deal? How much should TPG be willing to pay for 51 percent of the equity? Please assume that the target return is 35 percent (annualized). Observe that you are required to value the firm. For the valuation of Ducati, observe that since this is a leveraged buyout, the debt-to-equity ratio will change drastically, and you need to handle this in the appraisal model you use. Furthermore, you need to think about the inputs you shall use in the valuation. How do you determine return on assets? Which risk free rate of interest should be used? Which risk premium should be used? Etc. To value Ducati we can use the APV-model. APV treats the firm as it is all equity financed. A suitable unleveraged beta for the estimation is a beta in the same industry that is all equity financed and the article states that Harley-Davidson don’t have any long-term debt which means that their beta is unleveraged. I will therefore use their beta of 1. 09. We will use CAPM to discount the cash flows and a rule of thumb to know which rate to use is to match the risk free rate with the country that we are going to invest in. The 10-year government bond is 6. 4% in both the US and Italy so this wouldn’t have caused any trouble here. Since the 10-year bond is 6. 74% in both countries we will not add any extra country risk for the investment. The risk premium that we are going to use is 7. 5%. TABEL 119961997199819992000200120022003 EBIT-5. 4+58. 2+79. 4+96. 3+111+123. 3+146 -Taxes(53. 5%)0-31. 1-42. 5-51. 5-59. 4-6. 6-72. 3-78. 1 +Depreciation+6+7. 3+9. 1+11. 1+13. 5+15 . 7+18. 1+20. 7 +Amortization+24. 7+24. 7+24. 7+28. 5+28. 5+28. 5+28. 5+28. 5 -Capex-12. 9-15. 5-20-24-22-24-24-25 Change in Working Capital (see TABEL 2)-0. 9-1. -32. 9-17. 3-2. 9-11. 2-10. 5-10. 3 Total cash flow 13. 342. 317. 843. 168. 766. 37580. 8 +1229. 8 TABEL â€Å"199519961997199819992000200120022003 Cash9. 411. 322. 689. 837. 279. 987. 2132. 2 6%6%6%6%6%6%6% Transaction cash required 9. 411. 322. 628. 532. 636. 2138. 841. 344 Accounting receivables 8084. 583. 2124. 5139. 9141. 6152161. 4170. 6 Inventory5537. 249. 265. 461. 768. 172. 676. 380. 2 Other3. 32. 22. 73. 21516. 81819. 120. 2 Current assets147. 7135. 2157. 7221. 6249. 2262. 7281. 4298. 1315 Accounting payable4030. 350. 478. 794. 4104. 1110. 9116. 6122. 6 Other11. 39. 410. 13. 27. 88. 79. 49. 910. 5 Current Liabilities 51. 339. 760. 991. 9102. 2112. 8130. 3126. 5133. 1 Working Capital 96. 495. 596. 8129. 7147149. 9161. 1171. 6181. 9 Change in Working Capital 0. 9 1. 3 32. 9 17. 3 2. 9 11. 2 10. 5 10. 3 CAPM: Re= R f+? (Rm-Rf) = 0. 0674 + 1. 09 x 7. 5 = 14. 92% Terminal value by with a multiple: TPG is willing to pay 400-500 billion lire for 100% of Ducati. Enterprise value: 280+140=420-40=380 Earnings multiple: (Enterprise value)/(EBITA for 1995)=380/60. 4=6. 3 (how many times this year’s profit is TPG willing to pay for Ducati) We use the multiple on EBITA for 2003 ? 195. 2 x 6. 3 = 1229. 8 (this have to be discounted to present value we will therefore add it to 2003) Value of Ducati if it was all equity financed: 13/1. 1492 + 42. 3/1. 14922 + 17. 8/1. 14923 + 43. 1/1. 14924 + 68. 7/1. 14925 + 66. 3/1. 14926 + 75/1. 14927 + 1310. 6/1. 14928=602. 3 billion lire But Ducati has liabilities so we need to value that as well. TABEL 319961997199819992000200120022003 Net interest expenses1131. 128. 928. 123. 117. 912. 36. 3 Tax shields(53. 5%) 5. 916. 615. 51512. 49. 66. 6 The tax shields illustrate how much less taxes’ Ducati needs to pay because of the interest expenses and that is what we need to discount in order to value Ducati. 5. 9/1. 1125 + 16. 6/1. 11252 + 15. 5/1. 11253 + 15/1. 11254 + 12. 4/1. 11255 + 9. 6/1. 11256 + 6. 6/1. 11257 = 56. 7 billion lire Value of Ducati: 602. 3+56. 7=659 billion lire Value of equity= 659-280=379 billion 4. Should Halpern consider applying a country risk premium in determining the appropriate discount rate for Ducati? They should not consider applying a country risk premium since the Italian the long government bond of Italy and the US are the same, i.. . 6. 74%. 5. Should Halpern walk away from this deal? Why or why not? Ducati has a lot of problems that I already covered under the first question. But as a summery are under great financial pressure and have faced severe problems in both manufacturing and financing. The reporting of their financial performance is not transparent at all instead it is entan gled with the Cagiva Group. This has made it hard for TPG to hunt financing to the LBO. It is perhaps not a surprise but they have a problem with their working capital and the payment delays leave them with a lot of unfinished bikes. This has lead to a decrease of their sales and enlarged wait lists. Then we have a badly manage management by the Castiglioni brothers who continues to shop around for other deals even though they signed the Letter of Intent. There is also the risk of insolvency of Ducati and bankruptcy of Cagiva which have made TPG worried about the Italian legacy. A bankruptcy of Cagiva after a closed deal could lead to a delay of the deal for up to four years and this would be cost them a lot of money. The deal also has a lot of benefits. Ducati is the world leading manufacturer of motorcycles and if managed well they could probably be profitable very soon. They already believe that this want be a problem with Minoli as CEO. The brand is well-known and easy for investors to understand. This opens up the opportunity for IPO which could in fact obtain higher sales compared to trading. TPG has worked with the deal for one year so they have really had time have to plan for the changes in the Ducati. 6. If TPG pursues the deal and purchases a stake in Ducati, what are the critical steps that TPG needs to take in order to make the deal successful? Please be specific in your answer! First of all they need to get the Castiglioni brothers to stop shopping around for other deals. They have â€Å"signed† the deal through the Letter of Intent and it is the brothers and Cagiva responsibility to follow the contract. Maybe easier said than done be the negotiations must continue in order to get a deal. TPG also need to finish their due diligence model so to that they can identify the future of the potential investment but also to estimate the proper price for the investment. It is hard to close a deal otherwise. The due diligence is also important in investigating the financial health, technology, the market, and the current management. If they sign the deal TPG can expect to take over a mismanaged company under financial distress that has great potential through its strong brand and manufacturing fundamentals. To make this work they need to use a capable management team that can build up both the brand and the company. They also need to start up and arrange the NewCO establishment, the senior debt and write at least thousands of checks on their first day.

TQM assignment Essay Example | Topics and Well Written Essays - 1250 words

TQM assignment - Essay Example 2(D) (ii) measuring satisfaction of internal customer. A questionnaire or forming focus groups (employees meet and the are asked question) can be used to evaluate the satisfaction. Typical question is Are you satisfied working for this hotel If not, state the reason and necessary changes 2(D) (iii) Some of the problems that will be encountered when evaluating and analyzing the results are: For the first question (How can we serve you better)Different customers will give different views about the hotel improvement methods. The list of the variables may be too long. For example one customer can talk about improving the time required to serve client, while another may comment about improving quality. The hotel management may be faced by numerous solutions and may not have capacity and capability of fulfilling each client wants. Question 2 Are you satisfied working for this hotel If not, state the reason and necessary changes Many internal customers may give the solution of increasing wages and salary and leave out vital issues like harsh management due to fear of victimization. Question 3 the funnel rules The four funnel rules are Rule 1 'leave the funnel fixed, aim at the target and make no adjustment' Rule2 'at drop k (k=1, 2, 3---, the marble will come to rest at point zk which is measured from target' that is zk is the error at drop k, move funnel to a distance -zk. Rule 3 'set the funnel at each drop right over the spot zk, which is measured from target 'no memory Rule 4 'set the funnel at each drop right over the spot (zk) where it last came ' (Source (Thomas, P. 2008. Tampering effects and diagnosis. Quality publishing.[online]. Available at...Hotels such as Hilton spend millions in advertising so as to attract and retain customers. The internal customers; refers to a set of services directed towards the workers working in the hotel. These include the front office personnel, the management of the hotel, different department and vendors and consultant. The internal customer is usually neglected in the big hotels and this has ripple negative effects on the external customer. Such a question will help the managerial team determine the level of customer satisfaction as well as provide an answer to the improvement question. Question should gear towards, services quality, speed and other aspects. Different customers will give different views about the hotel improvement methods. The list of the variables may be too long. For example one customer can talk about improving the time required to serve client, while another may comment about improving quality. The hotel management may be faced by numerous solutions and may not have capacity and capability of fulfilling each client wants. (This is volition of rule number 4) which stipulates that "train the trainer" is unacceptable as this progresses the error. The error increases as the levels of training increases. Rule number 4 assumes 'no memory'.

Organization Behavior and Learning Term Paper Example | Topics and Well Written Essays - 1750 words

Organization Behavior and Learning - Term Paper Example The researcher states that the origin of empowerment as a form of theory was traced back to the Brazilian humanitarian and educator, Freire. He suggested a model for liberating the oppressed people of the world through education. Parpart, Rai, & Staudt, are of the view that empowerment is an alternative approach to social development in local, grassroots community-based initiatives. Lincoln, Travers, Ackers, & Wilkinson, observes that empowerment has been used across a broad variety of disciplines like community psychology, management, political theory, social work, education, women studies, and sociology. The concept of empowerment is conceived as the idea of power ie. either gaining, expending, diminishing, and losing power. The traditional concept of power was an isolated one, where it was held or used at the expense of other people. Empowerment has brought a new dimention of power. In recent times its has been shown that power can be strenthened through sharing with others. In th is sense, power sharing is multidimentional and helps people be incharge of their lives. A review of literature, that was conducted by the researcher shows little discontent in the application of empowerment in the workplace. For its benefits, it is assumed that empowerment is a universal solution appropriate to all organisations in all circumstances. Section 2 of this paper explores key terms, concepts, and theories of empowerment. Section 3 concludes with a discussion of the key concepts established in the paper.

Popular Music Since The 1950s As The Exploitation Of Black Music By Essay

Popular Music Since The 1950s As The Exploitation Of Black Music By White Artists And Corporations - Essay Example A number of scholars propose the idea that African-American culture and music were effective expression forms and social inclusion means. Although they originate from the folk music of the African-American slaves, â€Å"the root cause of transnational black identity† (Gilroy The Black Atlantic 1992, p.60), it served as an effective instrument for cultural and social inclusion throughout the 20th century. The introduction of blues, jazz and other black music genres provided blacks a strong impact over American culture and a distinguishing place in a society that was fundamentally closed to black people well into the 20th century (Chiriguayo 2002), (Dwight 1995). In the study The Spirituals and the Blues the African-American scholar James H. Cone (1991, p. 130) argued that â€Å"whatever form black music takes, it is always an expression of black life in America and what the people must do to survive with a measure of dignity in a society which seems bent on destroying their ri ght to be human beings†. The book Blues People is the first real try to place major black music genres as blues and jazz within the setting of Afro-American social history, it illuminates the impact of blacks on American history and culture. Terry Jones (2005) asserts that the blues is a musical opera about life and times of Black America. The blues is the story of Black America in worldly musical form. However, Harrison (1997, p. 18) insisted that â€Å"blues was always a multi-racial music.... The Wikipedia encyclopedia, defines that the term exploitation may carry two distinct meanings: (1) the act of utilizing something for any purpose. In this case, exploit is a synonym for use; (2) the act of utilizing something in an unjust or cruel manner for one's own advantage. Most often, the word exploitation is used to refer to economic exploitation - the act of using another person's labor without offering them an adequate compensation. The Marxist theory is primarily concerned with the exploitation of a whole segment or class of society by another. From this point of view the black music is exploited by whites. Article of Phil Rubio 'Crossover Dreams' (1993) provides a curious vision of the confrontation between black art forms and white performers. In many cases white musicians are motivated by envy or admiration for the emulated black performers. And we see the utilization of African-American culture by whites to find the spirit and humanity, they feel they've lost. It is known that the end of a constant source of interchange and friction should not be seen as the start as 'whites have been playing black music for decades' (Davis 1995, p.84). We are not to locate the first white blues performer. The phenomenon of numerous white musicians taking up the black music is a fairly modern spectacle, beginning in the late 1950s and the early 1960s. One of the first objections to this phenomenon was made by Charles Radcliffe in the UK publication Anarchy (1965). Of course, many people did not consider singing in a black vocal style to be part of blues performance, moreover many feel that whites who have uneasy destiny, for example Hank Williams, sing in their own suffering manner, a distinctively non-black style. We can agree that

Sensitivity report Coursework Example | Topics and Well Written Essays - 1000 words

Sensitivity report - Coursework Example These resources are the machine time for this case as profits for the products is not sought as a solution to the company’s problem of finding the best combinations for the products. With regards to the three resources available in this analysis, they represent hours at the machines’ disposal. However, it is observed that, it more hours per machine were allowed, then higher total profits would be increase immensely. In order to answer questions like whether it is reason for the company to invest in more machine hours, should the company be willing to pay for more manufacturing time, and whether is profitable to hike the production hours. Using the solver solution represented as table 1, these questions and how they relate to the right combinations for product production can be identified. Using a theoretical analysis approach, it is by design that changes in right-hand-side of the constraint; a corresponding change is registered not unless it is conditional that the con straint is redundant. This translates to a change in the optimal solution as well. With regards to the reduction of hours the machines time may result to a increase of decrease in profit per hour. The change in profit per hour is referred to as the shadow price and is therefore used to determine whether the company should consider investing in more machine hours or a better combination of the produced products. To a constraint, the shadow price represents the improvement to the functional objective that may be a product of one-unit increase within the constraints right-hand-side. With regards to the fact that the profits generated per hour in normal circumstances is ?0.33333 the right combinations of the products are desired in order to preserve the need for increasing machine time. Hence fore, the fact that the company’s profit increased with ?0.3333 for every additional hour, it means that more product B types should be considered if time alone is to be considered. However, while the value of one product A is 24 Sterling Pounds and that of product B is 4 sterling pounds. Therefore, it is also observed that for every single product A a profit of 2 sterling pounds is made as compared to the 4 sterling pounds’ profit on product B. However, given that product A produces at machine at for four hours and two hours at machine B. The total amount of products producible at machine A will be 30 products with regards to the count of four hours for a machine allowance time of 120. On the other hand, the same product can process at machine B for two hours against the allowed duration of 72 hours to give 36 products A. With reference to product B, out of the allowed machine hours for machine A, 120 hours, only 20 product Bs can be produced within the time limit of 6 hours per product. This means that on the other hand, the only 12 product Bs can be produced using machine B speed of 6 hours per product against the allowed timeframe of 72 hours. In this case, since hours are constant and the company does not need to increase machine hours in order to keep investment at the original figure. This means that for product A to be processed within the time frame allowed for machine A and B will translate to a profit of ?60 per hour when processed in machine A and ?72 when process by machine B. On the case of product B, the solver solution shows that for all products B producible in machine A will yield a profit of ?80 with respect to the ?4 profit margin for every unit of

Decisions in Paradise Paper part 1,2, and 3 Essay

Decisions in Paradise Paper part 1,2, and 3 - Essay Example It is often seen that fast urbanization and the technological advancements have been responsible for global climate change which may have contributed to the increased frequency of natural calamities, throughout the world. Kava too is prone to natural disasters and at the same time external factors like terrorism and internal strife, has produced many securities among the local population. Hence, we need to apply the technique of decision making that would help us to decide on the projects that are best suited to benefit both Kava people and us. ‘Decision matrices are most effective where you have a number of good alternatives and many factors to take into account’ (internet). Decision Matrix Analysis would facilitate us to reach to the right decision because it incorporates a huge range of factors for the various projects that can be started here. The various business options may include tourism, petroleum, natural gas and agricultural produce. The few of the salient fac tors that may influence the decision include existing interests of the company, preliminary cost, scope, local resource, local development etc. ‘Using such a distributed assessment framework, the features of a range of evidence can be catered for whilst the assessor is not forced to pre-aggregate various types of evidence into a single numerical value. Both complete and incomplete assessments can be accommodated in a unified manner within the framework’ (Yang, 2001). Kava is bestowed with rich local raw materials which include products like petroleum, natural gas, cocoa, spices, sugar etc. Another area that has vast potential is the tourism industry that can be developed into a roaring business. Initially we must identify two areas which can be developed into concrete business solution. Later the company can diversify to introduce new areas for fresh ventures. Therefore, looking at