Abstract: This paper was prepared as part of The MITRE Corporation’s FY00 Mission-Oriented Investigation and Experimentation (MOIE) research project “Open Source Software in Military Systems.” This paper analyzes the business case of open source software. It is intended to help Program Managers evaluate whether open source software and development methodologies are applicable to their technology programs. In the Executive Summary, the paper explains open source, describes its significance, compares open source to traditional commercial off-the-shelf (COTS) products, presents the military business case, shows the applicability of Linux to the military business case, analyzes the use of Linux, discusses anomalies, and provides considerations for military Program Managers. The paper also provides a history of Unix and Linux, presents a business case model, and analyzes the commercial business case of Linux.
Executive Summary: Open source, by definition, means that the source code is available. Open source software (OSS) is software with its source code available that may be used, copied, and distributed with or without modifications, and that may be offered either with or without a fee. If the end-user makes any alterations to the software, he can either choose to keep those changes private or return them to the community so that they can potentially be added to future releases1. An open source license is certified by the Open Source Initiative (OSI), an unincorporated nonprofit research and educational association with the mission to own and defend the open source trademark and advance the cause of OSS. The open source community consists of individuals or groups of individuals who contribute to a particular open source product or technology. The open source process refers to the approach for developing and maintaining open source products and technologies. Keep reading…
Introduction: Rio Tinto uses the program centrally and first purchased the ARM software licenses and services in 2008 to support the RioRisk program. ARM is a single repository for risk and opportunity-related information that underpins business performance and meets growing governance, risk and compliance requirements.Active Risk, previously called Strategic Thought Group, addresses these requirements with software and services that can be implemented across all industry sectors.
Implementing ARM enables a risk aware culture to be embedded in an organisation and allows the board to communicate established risk management methods.ARM enables the identification, communication, analysis and mitigation of risks and opportunities available in both quantitative and qualitative formats.The technology enhances risk management effectiveness because it eliminates traditional paper-based or spreadsheet approaches which can be unreliable, often with little audibility, security and data integrity.
The challenge: Willis UK & Ireland is the fourth-largest insurance broker in the UK and the Willis Group is the third-largest broker globally. By late 2008 the company faced fierce and competing pressures. Worldwide recession was having far-reaching consequences and in the UK increased competition from provincial brokers and primary insurers was putting margins and rates under sustained attack.In these harsh and unforgiving conditions, Willis took a bold step. It decided to continue investing in radical internal change in order to face these challenges.
Creating the Target Operating Model: In the first three months the team created a target operating model which addressed all the issues. Staff from across Willis came together to analyse and evaluate every part of the business from the ground up. This was a huge and innovative piece of work which encapsulated and shaped the rest of the programme.The TOM addressed all the ‘levers of change’. It detailed how Willis currently operated, how it needed to operate in order to deliver its vision – and what change was needed to achieve this.A key element was the new client segmentation model, which offered innovative options to service each segment, for example by making best use of lower-cost locations..
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Credit Union Otago: Prospering in a Competitive Environment
This case study presents an opportunity to identify and discuss operational management strategies pursued by Credit Union Otago in particular, and the credit union industry in general, in their bid to survive and grow, whilst aiming to achieve both their economic and social objectives. Credit Unions Credit Unions are financial services co-operatives, and are its purest form, as they deal exclusively with their members.
They are the real ‘people’s bank’, and have their roots in Germany in the mid nineteenth century. Two types of movement evolved from this period. The secular Schulze-Delitzsch type espoused self-help, and concentrated on urban areas with a large economic base, whilst Raiffeisen focused more on Christian ethics as the basis for forming a loan society, and restricted membership to rural workers Nevertheless common principles held for both models… Read more..
The owners of the Riverwalk Café dreamed to be the leading gourmet café-restaurant in Riverside, California. The restaurant owners didn’t know how to write a business plan, but they found the right people who did. The Master Plans business plan consultants mobilized to insure the owners’ dream came true.
They created a business plan for their restaurant that highlighted the sizable target market of the company 20% as well as the lack of competition. The restaurant’s exceptional products and services were also accentuated, as was the owners’ commitment to spend over one thousand dollars marketing and advertising the restaurant. The Master Plans business consultants created a plan that hit all the right notes, allowing Riverwalk Café’s owners to not only realize their dream, but prosper…
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The Senate subcommittee examined four Collateralised Debt Obligations (CDO) in detail – Hudson Mezzanine 2006-1, Anderson Mezzanine 2007-1, Timberwolf I CDO, and Abacus 2007-AC1. Each CDO was structured with the ultimate aim for Goldman Sachs to offload some of its more risky subprime assets. In the case of Anderson, the synthetic CDO issued in March 2007 referenced BBB and BBB- rated securities that were known to be poor quality assets.
GSC Partners was collateral manager on the deal and, with Goldman’s approval, more than 45% of the referenced subprime residential mortgage-backed securities (RMBS) in the CDO contained mortgages from New Century – a subprime lender the bank knew to have issued poor loans. In fact, the report shows that Goldman Sachs was taking action against New Century to return substantial numbers of substandard loans purchased from the lender and demanded repayment for them at the same time as issuing Anderson…
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. The interim manager surpassed all expectations. He not only achieved year on year revenue growth across all channels to market but also the restructuring and downsizing of the commercial sales channel, which meant productivity was improved. Product specialists were introduced to accelerate diversification and overall margins and an integrated compensation plan was created, aligned to revenues rather than order intake.. Click here to read more…
Overview: Pacific Corporation is a well-established institution in Korea that has played a pivotal role in setting standards for, and defining, the local beauty industry. It dominates the Korean market with a wide range of brands targeting different age groups and utilizing various distribution channels. The Korean cosmetics market became increasingly competitive and fragmented due to the entry of local and foreign brands, which rapidly transformed women’s tastes and expectations. Increasing affluence and sophistication have enabled consumers to become more discerning, resulting in greater acceptance of import brands.
Challenge: With its core customer base aging, and younger women describing the brand as old-fashioned and conservative, Pacific Corporation needed to redefine what its products and brand represented in order to remain competitive and grow beyond Asia. Landor’s main objectives for this program were to rationalize the branding and naming structure for Pacific Corporation and its retail brand, Amore, and to develop a coherent branding strategy that would revitalize the brand in its domestic and Asian markets while introducing its unique proposition to global audiences. Click here to read more on AmorePacific…
“Windows Mobile meant our sales staff could process sales transactions when they are out in the field using PDA and synchronize with the back-end system, increasing their work efficiency.”
- Tan Lee Huak, company founder and managing director, Science Arts Co Pte Ltd.
Situation: Science Arts is a Singapore-based Chinese herbal remedy business with over 30 years of track record and a catalogue of more than 1000 products including imported, processed and repackaged items. It operates from its own building which houses the admin office and a production plant for processing and packing products under its own, ‘Mei Hua’ (blossom plum) brand…
Solution: Science Arts implemented a new distribution and accounting system on the initiative of company founder and managing director, Mr. Tan Lee Huak. He decided that Science Arts should not rely on manual processing as this would increase overheads and limit future growth…
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