Worlds Leading Construction and Infrastructure Development of Balfour Assignment

Worlds Leading Construction and Infrastructure Development of Balfour Beatty - Assignment Example The analysis of Michel Porter’s five forces helps to increase the market value of the firm. These five forces would enable the company to have the insight of the competitors, and how the suppliers and rivals would affect Balfour Beatty to establish itself in Turkey’s infrastructure development industry. There is intense competition in the infrastructure development industry of Turkey. The customers of infrastructure development industry in Turkey especially the elite class are highly conscious about the quality of infrastructure provided to them and the risks involved within. Therefore; a number of infrastructure development companies are competing in the industry to provide better services to the customers. Although these rivals have a significant market share in the industry, Balfour Beatty has the potential to become one of the finest infrastructure providers all around Turkey due to their remarkable performance in the United Kingdom, United States, United Arab Emirates and other prominent countries of the world. It has created a market niche by providing product differentiation to its users. It is also using a low medium pricing strategy, which would help the company to compete easily in Turkey’s infrastructure development industry. A number of international infrastructure development companies are entering in Turkey, as a huge potential has been seen in this country and the economic development in recent years has been phenomenal. These new entrants possess a lot of potentials to become a threat to the local infrastructure development companies as they have an established name in foreign markets. Balfour Beatty already has established brand loyalty throughout the countries in which operates. These all factors depict a positive aspect and will help to lessen the entry barriers for the company to launch its operational activities in Turkey.

Planning For Wealth, Retirement and the Great Beyond Case Study

Planning For Wealth, Retirement and the Great Beyond - Case Study Example as specified in the case study of the family is inclusive of the registered retirement savings plan of 650,000 dollars as well as the 150,000 dollars that are unused in the registered retirement savings plan. The market value of the home is estimated to be 900,000 dollars .the value is considered to inflate in the future (Roseman 2002). The investment advisor is expected to help in working out a realistic plan that will enable achievement of the goals pertaining to the long term investments. The realization now is that it will be hard to rely on the Old Age Security or the Canada Pension Plan or the employers Pension Plan to meet the expenses that emerge after the retirement. With that in mind, the time to build an investment portfolio that will help manage and support the life after retirement would be now. Having a trust company is a benefit especially when the company is the executor or the trustee (Currie, Chambers, and Brown 2001). When determining the personal asset, a variety of assets may be considered. For instance in the case presented, the family owns a home that is valued at 900,000dollars that is expected to inflate, they also own investments ranging from the real to non real that are worth a lot of money. The spouse also has an investment that will pay later. The expense that incurred includes the 90,000 dollars annual expenses and the mortgage that will be paid for the next eight years. The investment totals to 2.205 million dollars (Currie, Chambers, and Brown 2001). Having acquired the investment portfolio required, the projections for future income can hence be formulated. For instance, the sources of income after the retirement include the pension plan from the employer. Out of the salary paid, the contribution to the pension plan will be 6 percent... The case presented represents the family of a mature family. The priorities and needs of such a family have changed. This is evidenced by maturity of the children where two of them are in their twenties and have already been employed and the last one is in adolescent, due to Finish University in three years. The issue of guardian ship is not there. This stage is also marked by peak earnings years and accumulation of many considerable assets. This part requires assessing of the financial status, the personal and life goals and needs and also assessing the priorities of life now. This report makes a conclusion that life on earth is not guaranteed. Therefore, once one has died, there is the need for the estate to be managed and the property taken care of. This is the sole purpose of the will. The checklist needed in ascertaining a will includes preparation and signing of the power of attorney for the financial affairs and running of the real estate. According to Gray& budd one needs to ascertain whether the will and the power of attorney are up to date. One needs to take steps to ensure protection of the assets bought in the relationship. The will also entails naming the beneficiaries and the alternate beneficiaries of the registered retirement savings pan, the life insurance policies, the pension plans and RRIFs. These should always be up to date. The will also entails the backup executor and the back up power of attorney. All the dependants should be well provided for.