Network Essay Example | Topics and Well Written Essays - 500 words - 3

Network - Essay Example Outsourcing is important to keep up with the competition in the global business in order to be able to drive the market share and profit (Burns 2009, p.62). It also gives your business the ability to concentrate on the main objectives such as customer service, banking and retailing. The company focuses on the increase in the use of smart cards in the Gulf region by supporting through giving their experience and expertise to the current and new clients. The current business environment is quite competitive that is why Network international has to keep up with the upcoming trends in the market through investing in the latest technologies, which will help the customers give a faster and more comfortable means of payment. According to Curtis Arnold, depending on the nature of one’s business, they have a variety of card and payment products and services, which will broaden one’s business opportunities (Network International). Network international has maintained a culture of encouraging innovations in order to give their customers extraordinary products and services to keep up with the competition in the business environment. Their trained, qualified and experienced staff plus a business which is customer focused promotes confidence in their clients to focus on their own business strategy. Working with network international gives business ideas that enhance loyalty in customers. EFQM model provides a groundwork that motivates hard work, which is needed in the competition on a global arena (Gomez, Costa & Lorente 2011, p.486). The model gives a broader view of the organization which can be useful in determining how different ideas come together to complement each other. EFQM model enables individuals to understand what its organization does and the results it achieves. The aim of the model was to enable organizations to be successful and sustain the success and respect. Sheikh Khalifa Excellence Award- SKEA and Dubai Quality Awards- DQA depend on

Due diligence standards in the US and the UK appear to provide deal Essay

Due diligence standards in the US and the UK appear to provide deal parties different incentives as to disclosure - Essay Example Duty of care is a fiduciary duty for the Board but it can also be delegated (Batterson, nd). When due diligence examination is outsourced i.e. accounting professionals are hired to produce a report for an entity’s future prospects, the fiduciary duty of due diligence is delegated to the professionals. It is not only the bidder’s responsibility to exercise due diligence but the target company also needs to provide that information to the potential buyer which is not publicly available. A significant amount of information becomes automatically available to the Board when it examines the financial statements of the target company. In order to exercise due diligence, mere dependence on financial statements is insufficient because these statements contain the opinion of an auditor regarding the fact whether the statements are prepared according to the generally accepted accounting principles. These statements do not provide a reliable forecast on the target company’s future profits. This is why a â€Å"special audit† is required to obtain relevant and reliable information (Weiner, 2010). However, in cases where a hostile bid is placed, the bidder only has the option of relying on the publicly available information of the target company. Also, the target company is not legally obligated to expose its private information in a hostile bid. Publicly available information of a company includes: Contingent liabilities: Liabilities that might arise from pending litigation or environmental liabilities. This information can also be obtained from financial statements but it might also not be disclosed if it does not meet the criteria of materiality; Restrictions: The bidder has to be careful for the existence of any agreements or covenants that putt restrictions on the conduct of the targets business. For instance, covenants that require an entity not to compete; Further, a bidder should