Growing a Company by International Acquisition - 881 Words

For growth, businesses should know when and how to introduce change, usually by acquiring business operating over and beyond the borders. That is, at that point where they reach maturity, meaning that they have tackled all the possibilities of growth and there exists no more opportunities where they are currently based. The two major ways in which a company can grow are:- †¢ Organic growth †¢ Inorganic growth Organic growth comprises of increasing new sales and new customers for the existing business to improve in terms of profit. The company grows within itself and improves its existing affairs, as opposed to inorganic growth which involves expanding the business from outside into other regions or countries. In organic growth, a company†¦show more content†¦Its position in the market made integration easy in terms of established networks and customer relationships. By taking over Brendsen Davis Service Group was able to exercise its authority fully by reducing the overall cost of running the business, for example, closing down shops in areas where Brendsen had more than two outlets in the same region, strengthening the management of the two companies, taking care of the fixed costs (the costs that remain unchanged over time), for example, repaying the debts hence cutting out on the interest rates, permanent salary of the closed firms, bills on electricity rent etcetera. Aspects of the European Union markets that have particularly encouraged horizontal growth of the Davis Service Group includes the fact that the EU has 27 countries under its name, that means, a ready market of over 500million customers who are ready to consume the goods and services proposed to them. That coupled with free flow of goods and services, a fact that has been supported by the infrastructure, the development of the fast trains, low cost airlines etc, as this means that people, goods and services can travel across Europe more easily and faster. The development of internet has also ensured the fast and effective means of communication, top that up with the skilled labour force. In Europe, education standards are very high, the manner in which students areShow MoreRelatedCase Study : Growing A Company By International Acquisition810 Words   |  4 PagesWritten Assignment Unit 7 Case study: Growing a Company by International Acquisition Describe two major ways in which a company can grow. Give examples to illustrate the two ways of growing. When a company is starting or expanding internationally it can develop by inorganic growth or organic growth. An inorganic growth refers to the growth of the company by merging with other companies or by the takeover. This type of growth provides with an existing customer base, channels of distributionRead MoreZachary Hood Case Analysis PepsiCo. 1. PepsiCo. is the world’s largest snack and beverage company1200 Words   |  5 PagesZachary Hood Case Analysis PepsiCo. 1. PepsiCo. is the world’s largest snack and beverage company in the world as of 2013. However, when this case was wrote PepsiCo. was not the world leader in the snack and beverage company, it was second. PepsiCo. corporate strategy has diversified itself into many different categories, such as sweet and salty snacks, soft drinks, orange juice, bottled water, tea and coffee. They proceed with caution with which industries to enter or not to enter. If theyRead MoreStarbucks and Caribou Coffee: A Comparative Analysis1664 Words   |  7 PagesIntroduction The two companies that are the subject of this report are Starbucks and Caribou Coffee. Starbucks operated internationally from an early point in its history, opening its 10th store in Vancouver its second market was international, before anybody in the US outside Seattle had heard of Starbucks. Now the company operates around the world. While its coffee business has not generally been built on the basis of acquisitions, i t has attempted to complement that business and enter new onesRead MoreMergers And Acquisitions Essay1088 Words   |  5 PagesMergers and Acquisitions Acquisitions are the absorption of a smaller firm by a larger firm, while a merger is the combination of two firms to form a single entity. In a merger, there is often an exchange of stock between the companies where one company issues shares to the shareholders of the other company at a certain ratio. The firm whose shares continue to exist is generally referred to as the acquiring firm while the other is the target firm. Except for synergies, the post-merger value ofRead MoreThe Core Business Of The Davies Service Group1197 Words   |  5 Pagesin the UK and in Europe; the company provides dry-cleaning, laundry services and work gear specific to different industries and service sectors. The company supplies and services flat linen for the hotel and restaurant industry, provides linen and management systems for hospitals and decontamination services for surgical instruments. The company offers dampness and dirt removal from workplaces, hotels and restaurants, washroom services and industrial mats. The company also sells linens and work gearRead MoreAmazon : A New Opportunity Essay1345 Words   |  6 Pagesfor a new opportunity, that’s why it just keeps on growing and growing and growing. Amazon believes that the company would be overtaken by competitors in different fields, if it doesn’t sustain the constant investment in its business avenues. Over the past three years, Amazon has simply participated in two acquisitions, however it has a record the only cpmany with the largest amount of acquisition in the 21st century. The most recent acquisition has been with the company’s Twitch for $970 millionRead MoreReport On Suitable Acquisitions For Rinnovar International Inc.1072 Words   |  5 Pages TITLE PAGE Report on suitable Acquisitions for Rinnovar International Inc. Prepared for: The Chief Executive, Rinnovar International Inc. By: Corporate strategy Department, Rinnovar International Inc. Dated: 07/02/2015 Commercial in Confidence TABLE OF CONTENTS 1. Executive summary†¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...2 2. Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦2 3. Findings†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 4. Conclusions....................................................Read MoreThe Benefits Of Inorganic Growth And Global Growth811 Words   |  4 Pages1. Describe two major ways in which a company can grow. Give examples to illustrate the two ways of growing. Two major ways in which a company can grow are organic and inorganic growth. Inorganic Growth involves growing thru mergers and acquisitions. This can be done internationally or domestically, but nonetheless, it involves the growth generated by buying a new company, a new branch, or a new brand (Johnston, 2017). As an example, if McDonalds acquired a competitor, such as Burger King, it willRead MoreThe Davis Service Group And Its Takeover Of Berendsen1142 Words   |  5 Pagesways a company can grow, what a company would consider if they were expanding globally. We will look at which aspects of the European Union encouraged the horizontal growth of the business as well as the differences between Organic and Inorganic growth. Lastly we will theorize why the acquisition of Berendsen was a good opportunity for the Davis Service Group. Describe two major ways in which a company can grow and include 2 examples. According to this week’s case study material a company can growRead MoreWumart Swat Analysis1077 Words   |  5 Pagesrequires solid strategic planning. To achieve the high profile status in market, the company remained constantly developing in innovation on themes to deliver the distinctive benefits. Wumart has been growing from the very beginning with the average growing of 40% a year. The company realized that in order to make value in a long term, the company should grow and develop constantly. The ambition of the company is to be the leader of the industry for which WuMart has designed the growth strategy

The Economic Disaster Of Overproduction And...

Economic disaster of overproduction and underconsumption created the Great Depression in the 1920s from factors of credit, wages, immigration restriction, under consumption, crippled American financial system, collapse global problems, investing rebuild postwar Europe, and production capabilities that New Deal programs by Theodore Roosevelt established to correct the economy in United States. Overproduction was the lack of economic diversification and lack of infrastructure contributed to underconsumption (Barnes Bowles, 2014). People were buying mass consumption from increase wages (Barnes Bowles, 2014). However, production was much higher than the market could soak up. Credit is given to Americans to increase spending but modern conveniences is limited. It is a period of fashion-ism (Jacobs Paley, 1994). Wages did not increase to balance the demand of credit. People defaulted on loans. Consumption is restricted by laws and regulation of immigration that resulted in manuf acturing issues. Nonessential goods and services became limited by the working class related to business owners. Profits are pocketed for themselves and expanding production by business owners that decrease wage opportunities for workers. Supple rose above demand in the economic disaster (Jacobs Paley, 1994). People believe changes banks would save their invested funds in the stock market. The banks failed from the lack of preparation in economic collapse in the American financial

The Use of Metaphors Free Essays

string(46) " an aide to help understand the metaphors Dr\." SanTianna Simmons ENG 1102 25 April 2013 A metaphor is where you show how two unrelated things are similar. For example by saying â€Å"Love is a roller-coaster. † A key aspect of a metaphor is use a specific transference of a word into another context. We will write a custom essay sample on The Use of Metaphors or any similar topic only for you Order Now The human mind creates comparisons between different things. The best writers use metaphors. Like poetry, a metaphor will express a thousand different meanings all at once, allowing the writer to convey much more content than they could do otherwise. More than playing simple word games, the use of metaphors in your writing can elevate your stories to a place next to the greatest authors in the world. There are many kinds of metaphors: Allegory, catechesis, parables, extended metaphors, etc. An extended metaphor establishes a subject and then extends it further, as in this quote from Shakespeare â€Å"All the world’s a stage, And all the men and women merely players; They have their exits and their entrances, And one man in his time plays many parts, His acts being seven ages. Brian Doyle, Author of â€Å"Joyas Valdoras†, uses the hummingbird metaphor to support his story. The story starts off by grabbing the reader’s attention with a fact. The fact is very interesting. Unless you are someone that studies animals, you would have no idea that a hummingbird’s heart is the size of a pencil, or that it beats ten times per second. After I read the first sentence, I was instantly interested to see what more the author had to say. He got the name, Joyas Valdoras, from a reference by early Spanish settlers. It means flying jewels. They called these creatures flying jewels because they had never seen anything like them before. They would fly around quickly all day, reproducing and collecting nectar. Doyle then goes on to add more facts about hummingbirds and their incredible hearts. Hummingbirds can fly up to 500 miles without stopping to rest, however they can get burned out. Whenever humming birds get burned out, it can become fatal. Although Doyle’s allusion to hummingbirds was interesting, I don’t think he meant for his story to simply be a story about humming birds. He also goes on to talk about the blue whale, an animal having the largest heart in the world. He gives us interesting facts about that animal also, but this still does not justify why he was even writing the story, for if he had wanted his readers to be informed only about animals, he’d have put these facts in a science book instead. I think Doyle was relating the animal’s hearts with that of human hearts. He said sometimes humming birds get burned out without even knowing what they’re doing is dangerous. Humans also do the same thing. Today’s world is very fast paced. Sometimes we don’t have time to rest or do anything of that nature. We do it, without knowing how unhealthy to the body and spirit that is. He also alludes that the heart is a very strong thing. Not just our physical heart, but our emotional and spiritual heart as well. So much can happen to someone’s heart. It can go through the most joy, excitement, hurt and pain and still beat at the end of the day. I think the way Doyle transitions form talking about hummingbirds and whales to something so emotional was very effective. He makes it easy for us to relate to his story because he keeps us so involved. I felt as if he was ready the story to me instead of the other way around. Sian-Pierre Regis stated â€Å"As should be obvious by now, Doyle is doing far more than describing the hearts of various animals. In explaining about the hearts of animals, he has subtly been drawing us into this reality: â€Å"We all churn inside. † In this creation there is unimaginable beauty (â€Å"flying jewels†) and there is excruciating pain (â€Å"a brilliant music stilled†). And so finally, we are led to his masterful ending and the real point of this whole piece. If you’ve read this far, I encourage you to take a minute and quiet your heart. Let yourself feel these words. It may hurt, but it will almost certainly heal as well. In giving an overview of the hearts of creatures, Doyle ends with this: â€Å"So much held in a heart in lifetime. So much held in a heart in day, and hour, a moment. We are utterly open with no one, in the end–not mother and father, not wife or husband, not lover, not child, not friend. We open windows to each but we live alone in the house of the heart. Perhaps we must. Perhaps we could not bear to be so naked, for fear of a constantly harrowed heart. When young we think there will come one person who will savor and sustain us always; when we are older we know this is the dream of a child, that all hearts finally are bruised and scarred, scored and torn, repaired by time and will, patched by force of character, yet fragile and rickety forevermore, no matter how ferocious the defense and how many bricks you bring to the wall. You can brick up your heart as stout and tight and hard and cold and impregnable as you possibly can and down it comes in an instant, felled by a woman’s second glance, a child’s apple breath, the shatter of glass in the road, the words I have something to tell you, a cat with a broken spine dragging itself into the forest to die, the brush of your mother’s papery ancient hand in the thicket of your hair, the memory of your father’s voice early in the morning echoing from the kitchen where he is making pancakes for his children. †Ã¢â‚¬  The article â€Å"A Metaphorical Analysis of Martin Luther King Jr. s ‘I Have a Dream Speech,’† by Joe Ciesinski, to me is an aide to help understand the metaphors Dr. You read "The Use of Metaphors" in category "Papers" Martin Luther King used within his famous speech ‘I have a Dream. ’ Ciesinski cited other’s opinions about the speech which also was another great source of he lping understand the speech. Within the article, the question â€Å"What does ‘I Have a Dream’ mean to me† was asked. To me, when someone asks me what does ‘I Have a Dream’ mean to me, I would say that it makes me feel as if the color of my skin or my sex should never be a factor of why I can’t do anything that I want to do. Anybody should be capable of saying the same. Ciesinski believes that ‘I Have a Dream’ would not only speak about problems in America, but that Dr. Martin Luther King Jr would call upon all citizens of the United States to enact change and correct the injustices that would occur throughout our nation. â€Å"Martin Luther King Jr. contrasts light and dark metaphors when he states, â€Å"this momentous decree came as a great beacon light of hope to millions of Negro slaves, who had been seared in the flames of withering injustice. It came as a joyous daybreak to end the long night of their captivity. †Ã¢â‚¬  (Ciesinski) The previous quote to me sums up the entire ‘I Have a Dream’ speech. It focuses on the struggles of colored people and how the nation needs to take the time out to notice that these hate crimes need to come to an end. Overall, I think Ciesinski’s metaphorical analysis is a great help to distinguish the true meaning and break down of Dr. Martin Luther King Jr. ’s speech. I also believe that he used good sources to help apprehend the famous speech. â€Å"It is a stark metaphor, an accusation articulated in bluntly economic terms. The Declaration of Independence implied, and later the Emancipation Proclamation promised, meaningful freedom to African Americans. But the promise was never fulfilled. Instead of honoring this sacred obligation, America has given the Negro people a bad check, a check which has come back marked ‘insufficient funds,† King said. This part of the speech has been mostly forgotten, swamped in collective memory by the soaring rhetoric of King’s peroration. When initial renderings for the new Martin L uther King Jr. National Memorial were first unveiled, they included a prominent place for the promissory-note metaphor, but as the project went forward the quotation was deemed â€Å"too confrontational† and dropped from the final design. What is best remembered from the Dream speech is, in fact, not original to it. The thrilling incantation, the cries of â€Å"let freedom ring,† the litany of place names (the snowcapped Rockies, the molehills of Mississippi), the lines borrowed from the biblical books of Amos and Isaiah, the quotations from spirituals and patriotic songs — none of this material was original to the speech King gave on the Mall. Most of it was recycled, an impromptu decision by King to reuse some of the best applause lines he had tested in Georgia, North Carolina, Alabama and, only weeks earlier, in Detroit. † Stated by Philip Kennicott. Short talks by Anne Carson was an article full of miniature lectures with a different meaning for each one. Some of the short articles were confusing but the others caught my attention. An article in Short Talks that was easily understood was ON WALKING BACKWARDS. ON WALKING BACKWARDS was about how as a child Carson states â€Å"My mother would forbid us to walk backwards. That is how the dead walk, she would say. † Carson goes on to say that she had no understanding where that specific superstition came from. Later to break the quote down, the dead doesn’t walk backwards but they do walk behind us with no lungs to breath or cannot call but would love for us to turn around. Superstitions are to be used and known all across the world. According to Keisha Stephen-Gittens from Outlish Magazine quotes â€Å"Since I was a child, I used to hear my grandmother telling my mother that if she came home after midnight, she better had walk in the house backwards so that spirits don’t follow her inside. That’s funny, because many of us feters would have some ‘back walking’ to do. So, I was surprised to find that almost 60% of the persons I randomly surveyed still do this today. I followed this superstition religiously until I moved out on my own, and then, ironically, I would just ook left, right and around before I entered my apartment. You’d think I would be really afraid – and in a way yes, but I was looking for bandits, not spirits. However, the way things goin’ these days, is bess we look for both yes! We’ve also been told to close doors facing the outside so that spirits don’t follow you inside. Th ere are other superstitions about spirits and death and our older folks would tell these with a passion and intensity that would send you to bed quivering, wanting a pillow to hug up and sleeping with one eye open. If you’re alone in the house and you hear someone call your name, would you answer? I won’t. The ole folks used to say do not answer, ’cause it could be a spirit calling. I think this is a given. I’ve watched too many horror movies to know what the outcome of THAT could be. † Jon Eben Field states â€Å"The female body is a powerful signifier in these poems. † Short Talks invokes the last thirty years of Camille Claudel’s life in an asylum (Claudel was a French sculptor who worked from 1884 to 1898 as an assistant to Auguste Rodin). After noting that Claudel broke all the sculpting stone given to her, Carson writes, â€Å"Night was when her hands grew, huger and huger until in the photograph they are like two parts of someone else loaded onto her knees. † Claudel’s hands are both her own and not her own; they have grown through disuse and misuse. But the absence is discovered in the formless broken stones that are buried with these hands, now so gargantuan. In â€Å"Short Talk On Rectification,† Carson depicts the infamous relationship between Franz Kafka and Felice Bauer: â€Å"Kafka liked to have his watch an hour and a half fast. Felice kept setting it right. Nonetheless for five years they almost married. † Ultimately, it is the body of Felice that overwhelms Kafka, for as Carson writes, â€Å"When advised not to speak by the doctors in the sanatorium, he left glass sentences all over the floor. Felice, says one of them, had too much nakedness left in her. † This signals the second most pervasive theme of these poems, the devastating plenitude of too much. † Eula Biss’ The Pain Scale is about how no matter how much something is painful, no pain lasts forever. Throughout the article Biss gives examples of pain as she goes from 0 to 10 on a pain scale. She gives examples like if you are at a zero, you feel no pain therefore you could be fine. If you are at a 1, you could take some aspirin and be fine the next day. If you are at an 8 you might need some examining. If you are at a nine then, you are suffering and it gets even worse at a level ten which is unbearable. The Pain Scale, Eula Biss claims that no pain lasts forever. Biss goes on to say that when you experience the pain regardless of how bad the pain is, once the pain goes away; you can’t feel the pain anymore. I got a feeling that the author is indifferent to pain and does not know how to feel or describe it. I felt that the author’s mind is being guided by what her father use to tell her. She does not know how to describe what she is feeling or think for herself. The author feels as if excruciating pain does not exist. She sees zero as a number that does not do the same thing as the other numbers and she uses biblical illusions concerning Jesus.. The author goes back and forth from her pain theory and analysis, to her current pain situation. She is obviously feeling some pain but she thinks the face chart does not help her know what level she is that. She lies to the doctor to not seem foolish but really she does have great pain. The author thinks that if she admits to her great physical pain, she will seem pathetic and exaggerated. The author has apparent physical pain but also mental trauma from her father the physician. Her psychological pain I think is greater than her physical one in a couple of ways. I agree with Biss on this issue. Overall, I believe that no pain lasts forever. If a person were to ask another how something felt, they could never sit there and visualize the full effect of that pain right then and there unless you go through the same pain again at the time being. Our Secret by Susan Griffin is a hybrid of memoir, history, and journalism, and is built with these discrete strands: the Holocaust; women affected by World War II directly or indirectly in their treatment by husbands and fathers; the harsh, repressive boyhood of Heinrich Himmler, who grew up to command Nazi rocketry and became the key architect of Jewish genocide; the testimony of a man scarred by war; and Griffin’s own desperately unhappy family life and harsh, repressed girlhood. In between these chunks are short italic passages of just a few sentences on cell biology—for instance, how the shell around the nucleus of the cell allows only some substances to pass through—and on the development of guided missiles in Germany and, later, by many of the same scientists, in the United States, where nuclear warheads were added and the ICBM created. Researching her book in Paris, Griffin meets a woman, Helene, who survived one of Himmler’s death camps. She’d been turned in by another Jew and tracked down using a net of information—a system tracing back to Himmler’s boyhood diaries—collected on cards and sent to the Gestapo for duplication and filing, the work of countless men and women. In the article â€Å"Translating Translation: Finding the Beginning,† Alberto Alvaro Rios claims that the act is the translation by presenting translation as a metaphor and how cultures are different. Rios goes on to say that how something is said, the language can be figured. In Rios’ article, he had multiple examples of how cultures are different. Some of the examples that he expressed where how a man was put in jail, forgotten about and never said anything, how his house painting went wrong when he was young, and how Rios had a misinterpretation about fighting. I agree with Rios on this issue when he stated that learning languages can be similar to looking through a set of binoculars. Overall, I believe that it is true that the simplest word can have many definitions and interpretations. For example: when Rios moved into his new home when he was younger. His mother wanted the wall to be yellow but the Mexican thought she wanted it to be lime green due to the fact that said â€Å"limon. † Another example was when the boy asked how many fights has he had. The boy meant physical fighting but Rios meant the fight he has had learning a new language. I believe that the metaphors were very effective because they helped understand the main key points Rios was trying to make. Alberto Rios states â€Å"Linguists, by using electrodes on the vocal cords, have been able to demonstrate that English has tenser vowels than, for example, Spanish. The body itself speaks a language differently, so that moving from one language to another is more than translating words. It’s getting the body ready as well. It’s getting the heart ready along with the mind. I’ve been intrigued by this information. It addresses the physicality of language in a way that perhaps surprises us. In this sense, we forget that words aren’t simply what they mean – they are also physical acts. I often talk about the duality of language using the metaphor of binoculars, how by using two lenses one might see something better, closer, with more detail. The apparatus, the binoculars, are of course physically clumsy – as is the learning of two languages, and all the signage and so on that this entails – they’re clumsy, but once put to the eyes a new world in that moment opens up to us. And it’s not a new world at all – it’s the same world, but simply better seen, and therefore better understood. † Overall, metaphors will elevate your writing, taking something plain and transforming it into something beautiful. Poetry is full of metaphors. If you need to, use one of your rewriting cycles just to add metaphors to your story. Imagine how greater your story will be with the use of metaphors. Metaphors will free up your imagination, which will take your story in directions you may not have planned on. Enjoy the surprises that metaphors will bring to you! How to cite The Use of Metaphors, Papers

Entrepreneurship for Case Study on Roustam Tariko-myassignmenthelp

Question: Discuss about theEntrepreneurship for Case Study on Roustam Tarik. Answer: Biography of Roustam Tariko Roustam Tariko is the worlds second Vodka producer after Diageo. In the year 2013 Tariko took away the worlds largest vodka producer CEDC as it became bankrupt and Tariko saved the company by financing $420 million. Later on in 2014 Tariko sold out the company Roust to CEDC for $250 million. Earlier Tariko used to assist the foreign tourists in finding out the rooms at Moscow hotels. The first earning of Tariko was in the 1980s through the similar source. Afterwards, Roustam Tariko worked as a consultant for the Ferrero Rocher in Italy and won the special contract with Martini Rossi. By the year 1998 Tariko established the Russian standard for becoming the first vodka brand that opulent. After that following year, Tariko shook hands with McKinsey Co. by opening up the Russian standard bank and initiating the consumer credit market and the progress took place at such a pace that they became the market leaders in the next three years. The bank is counted under the top 30 banks in Rus sia and by the end of 2011, the Russian Standard came into partnership with American Express. In the present scenario, Tariko owns a villa Minerva at Sardinia which worth 15 million euro. In 2011 Roustam Tariko bought a villa on Miami Beach worth $25.5 million, also the entrepreneur holds a yacht named after the two daughters Anna Eva and a charter Boeing 737 to hold world tour (Forbes, 2017). Roustam Tarikos characteristics Roustam Tarikos qualities related to the business is to stay focused, maintain loyalty and gather courage in facing risk. Tariko is an entrepreneur who not separate personal and professional life. In an interview, Tariko quoted that as the personal and professional life are different so neither the man work nor the rest is availed. Roustam Tariko believes in focusing on the things and then performing it by undergoing the research over it and conducting the studies to gain more knowledge related to the aspect (Hiscox, 2013). Another fact quoted by Tariko is to maintain loyalty. Loyalty can be studied in the two aspect consumer loyalty and employee loyalty. Both are interconnected with one another if the employee is loyal towards the business then automatically satisfied and happy service will be delivered by them which will attract consumers as well and renders them satisfaction. The satisfied consumer will give more business rather than any other promotional activity and stay loyal t owards the organisation (Chand, 2016). Another measure is to be courageous in taking a risk and adopting challenges to face the unexpected results which could either is fruitful or the failure has occurred. When asked about the mistakes that could ever happen with Tariko the response was so accurate that the man explained it all in a single line that all the flaws are corrected which elucidate the adapting and all time learning approach of the tycoon. Discussing about the behaviour, the studies states that Tariko is calm natured and health conscious person who is well-managed, also the person carries humorous nature as well. The golden rule of Tariko is to move on whatever the situation may be, just face it and cure it. Tariko is a down to earth person who is comfortable in all sought of financial situations. Roustam Tariko wants to position Russia in the list of countries providing quality products to consumer and fulfilling social and professional obligations (Moore, 2007). Impact of business development on Roustam Tarikos lifestyle and behaviour In one of the interactions with Manfred, Roustam confessed the importance of balanced life along with conscious and unconscious encouragement that follows divergent leadership styles. Tariko shared with Manfred about the lack of leadership skills within and asked for the cure regarding the same. Manfred assisted Roustam in developing the leadership skills and rendering the knowledge regarding how to manage human resource and another similarly crucial resource efficiently and effectively. In this way, the leadership qualities of Tariko started developing and the decision-making skill of the entrepreneur improved with passing time. At the time when Tariko and Manfred met in Moscow, there were certain organisational issues going on with Roustam about which the person interacted with Manfred (Vries, Treacy Elizabeth, 2003). The foremost organisational challenge was regarding the management of the entire organisation as for how to balance working such that company also grows, variations and modifications take place and investors get convinced (Forbes, 2013). Another issue that was the cause of concern for Tariko was those friends who had helped in the earlier days were creating a dilemma. Tariko demanded the solution for these situations and learnt the management skills as well which helped the entrepreneur in attaining heights. Through business Tariko got to adapt and improve multiple personal qualities, the capabilities of taking risk and accepting challenges increased, mindset got broaden up and vision was made clear as what is need to be achieved in life and what all opportunities could be cracked which results in changing the behaviour and twisting up the perspective of tycoon towards the life. The contribution of COL programme on Roustam Tarikos personality and developing organisational strategies. COL program or Commonwealth learning programme helps in developing an economic and social understanding of the business (Spear, 2006). The programme provides quality learning and enhancement of professional knowledge and cracking out the professional opportunities as well. Roustam Tariko is a person who follows the passion and performs the tasks as per the willingness. The interest in work matters a lot and changes occurring in that do not affect much to the entrepreneur. Tariko is open-minded and likes to learn new things and quality to develop inner skills which could be implemented in business to succeed it. Roustam believes in commitment towards the work and high dedication to achieve the objective. Tarikos one of the objectives is to earn money as according to the man money signifies that good work is going. They believe in honesty and quote that principle of working is to be innovative, intuitive and execution of innovation should take place (Brainyquotes, 2017). Roustam Tariko- as an Entrepreneur Entrepreneurs are the one who possess the extraordinary quality to capture the market through their decision making and risk taking skills. They are the innovators and motivators carrying versatility and setting up the high vision. They are the one who like to achieve the goal and reach the peak; also an entrepreneur likes the routes as well along with the peak. They are flexible as well as an adapter in context of changing situations. Roustam Tariko consists of leadership quality which is a must attribute an entrepreneur can hold. Tariko is a good leader possessing management as well as risk management quality. The man is creator and innovator containing the high vision and enthusiasm to achieve the goal (Rauch Frese, 2007). Similarly, Roman Abramovich is one of the Russian entrepreneurs who merged with Sibneft which is one of the largest oil company supplying oil and oil products. Abramovich likes to take a risk and expand the business accordingly which is an entrepreneurial skill which is possessed by Tariko as well (Hawley, 2015). Another example of an entrepreneur is Jane Cay who is the founder of Birdsnest which work online and supply female clothing and little frocks. The vision of Cay is to be fashion friendly and increase enthusiasm and dressing sense among the women. Jane Cay is adaptable to changes and carries creativity and innovativeness in the art. The lady believes in smart working and creating the mesmerising things to attract consumer and increase the power of women by building a comfortable and strong environment around. They are the qualities that an entrepreneur holds and Tariko too possesses the confident, era changing and creative goon which proves that Roustam Tariko is an entrepreneur (Kuznetsova, Kuznetsov McDonald, 2000). References Brainy quotes. (2017). Roustam Tariko quotes. 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Viewed on 23rd August 2017. https://www.hiscox.com/small-business-insurance/blog/10-important-personal-characteristics-of-entrepreneurs/. Vries. D., Treacy. M., Elizabeth. (2003). Roustam Tariko (B): The measure of the man. Entrepreneurship: theory and practice. Vol.27. no.3. 319-329. Moore. J. (2007). Roustam Tariko: Russian billionaire setting the standard for vodka. Viewed on 22nd August 2017. https://www.independent.co.uk/news/business/analysis-and-features/roustam-tariko-russian-billionaire-setting-the-standard-for-vodka-396780.html. Kuznetsova. O., Kuznetsov A., Mcdonald. F. (2000). Entrepreneurial qualities: a case from Russia. Journal of small business management. Vol.38, no.1, 108-114. Rauch. A. Frese. M. (2007). Lets put the person back into entrepreneurship research: a meta-analysis on the relationship between business owners personality traits, business creation and success. European Journal of Work and Organisational Psychology. Vol. 16, no.4, 353-385. Spear. R. (2006). 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