Roman Abramovich Essay Example | Topics and Well Written Essays - 2750 words

Roman Abramovich - Essay Example 3. Qualifications: This literature review has its limitations in that literature used for the study of Roman Abramovich is limited to the articles on Roman Abramovich found in the local library and in the JSTOR and EBSCO databases and the information yielded through the Google search engine. It would have been better to have used more databases to widen the panorama of information on Roman Abramovich, but this could not be done as access to other data bases could not be secured. Another issue is that all the information available is through secondary sources. A personal interview with Roman Abramovich would have provided his perspective of his rise and growth and the manner in which he has been responsible this spectacular success in the business world. This has not been possible as access for a personal interview of Roman Abramovich is not within the scope of this exercise. Thus this study of Roman Abramovich operates within these limitations. 4. Roman Abramovich 4.1. The Humble Beginning: Roman Abramovich was born on October 24, 1966 in the town of Saratov on the banks of the river Volga in Southern Russia. His father was a construction worker. He lost his mother soon from blood poisoning, which was closely followed by the death of his father in a construction site accident. This left Roman Abramovich an orphan before his third birthday (Smith, 2006). He was adopted by his father's brother and went to live for some time with him in Moscow and from there to his maternal grandparents in the northern region of Komi. Roman Abramovich studied at the Industrial Institute, which was located in the city of Ukhta in Komi. He was drafted into the army and completed his draft time in... The list of elite properties that he owns includes a fifty-four million dollar townhouse in Belgravia, a ten million dollar townhouse in Knightsbridge, and a 440-acre estate in West Sussex that was once owned by the King of Jordan He also owns a ten million St Tropez villa, two super yachts and a Boeing 767. Roman Abramovich is a lavish spender on things that he likes. On 2003, he purchased a majority stake in the Chelsea Football Club for a princely sum of $233 million and then lavished another $470 million spent on players to make the club a force to reckon with in the English Premier League and the European Club Football scenario. He continues to underwrite $200 million towards the annual salaries of the club. The rise of Roman Abramovich from a poor orphan to among the richest ten men in the world sounds like a fairy tale, but behind this spectacular success lies a man full of characteristics that have propelled him on towards this path of fame. In a land that needs deft and quic k positioning, Roman Abramovich has been fast in spotting opportunities and utilizing them. He has shown the patience to wait for the right opportunity to make his move, and the humility to suppress his ego when the times demand it. His political shrewdness is remarkable ability to locate where the true political power lies and keeps in the good books of it. He is not daunted by setbacks and to go after his vision. With these qualities, it is no wonder that the rise of Roman Abramovich has been spectacular.

Sales and purchase Essay Example | Topics and Well Written Essays - 1000 words

Sales and purchase - Essay Example The input data that is required are item category, brand, quantity, cost, customer detail (name, address, phone and birthday), mode of payment, mode of sale and special scheme (e.g. discount). Once these data are entered into the system, it undergoes various processes before finally culminating in the delivery of the item. These processes can be broadly classified into six main areas; 2. The system then differentiates the mode of sale and categorising it into direct sale order or internet based order. This gives the management to make appropriate strategies and plans for their existing or emerging market. 3. With category and brand specified, it then checks for the stock status so that in case of any shortfall, alternative brands can be suggested or sold. This information (category and brand) also help to market other products that may add value to the items asked for. 4. The system then checks for any special offer or discount that the item might have at that particular time. This is an important process because the current market scenario has necessitated introduction of special schemes to attract customers in order to main their competitive edge. 'The ultimate schedule (discount) is one which maximises the suppliers' resultant economic gain, but does so at absolutely no added cost to the buyer' (Monahan, 1984). 5. If the mode of payment is other than cash transaction, the system performs credit check for the customer and accordingly, informs and suggests the customer for alternatives for payment schedules. 6. The system then confirms or refuses the sale/ purchase order and sends the same information on the terminal and generates invoice or sale/ purchase receipt. The completion of sales order is but the first of many other requisites of the input information that are essential for the management of the company. The growth and the future prospects of the business depend on the input data as they are able to divulge vital information about the products and the customers. The sale processing data helps the management to disseminate information that can be categorised into the following output formats; 1. The input data helps to generate current inventory status so that the products that need fresh stocks can be ordered much in advance. 2. The data also helps the management to assess the order flow pattern of the products and services so that the management is able to take appropriate steps in meeting the demands of their customer either by increasing the shopping hours or employing more staff to deal with the rush. This helps the management to maintain a high level of customer satisfaction and general efficiency. This applies both to the days of the months and the specific hours of the day, during which there is marked difference in the sales and purchase pattern. 3. The data also help in finding out the popular items which are sold or purchased as well as the brands that are preferred thus helping the firm to introduce items or products that add value to the ones that are already popular. 4. The management can also maintain its client base by making efforts to