Mergers and Acquisitions in SME Lending

Mergers and Acquisitions in SME Lending CHAPTER 1 INTRODUCTION In the process of industrialization small business plays an important and economic growth. It increases per capital income and output, makes available employments for the labour market and usually promotes successful deployment of resources which are considered vital to steering of economic development and growth. It is presumed that the lower income segments of Nigeria benefit when SMEs have better access to finances because they alleviate poverty by creating more jobs and better wages. ( Emeni and Okafor 2008). In many of the developed economies and developing economies both have come to value, realise and appreciate small businesses. Being that small business are pioneering, well-organized, resourceful and allows fast decisions process to be taken because of their relative small size. They are major players in the process of industrialization and economic development. ( Ememi and Okafor, 2008) In most up-and-coming nation of the world, small and medium enterprises (SMEs) have become the vanguard of economic expansion. They create employment opportunities as the most significant employer of labour force; in addition they increase the nations per capital income and output invariably increasing the GDP by effective resource utilization. Also in large developed nations, SMEs plays a noteworthy role in influencing the economy. Taking China for example, SMEs are said to be accountable for sixty percent of the industrial output employing seventy-five percent of the workforce in the metropolitan centres. ( Anas A.Galadima, 2006). All over the world and in all country, government have come to realise the significant of this class of companies. And as such have originated all-inclusive policies to encourage, give confidence, support and promote the establishment of SMEs. Improvements in small and medium enterprise are a plus for employment generation, solid entrepreneurial base and encouragement for the use of local raw materials and technology. (Oladele, 2009). There are a lot of challenges that SMEs face in both the developed and developing countries and they are massive. One main aspect is financing, the ability to obtain and acquire loans. Most small businesses are not attractive prospects for banks. Berger et al. ( 1998) suggest that larger banks may be less predisposed than smaller banks with less complex structure, to supply credit to small businesses. Back home in Nigeria the talk is very similar with the on-going of other country. But of late the Bankers Committee intervened in 2001 with a scheme called the Small and Medium Industries Equity Investment Scheme (SMIEIS). The idea brought life and empowerment to SMEs discarding all other credit schemes which were not properly implemented. (Aina, O. 2007). Nigerian banking reform is a product of global effort and consolidation is one of its major achievement that everyone have welcomed happily. This consolidation wave has greatly enhance the average magnitude and size of banking institution generally. The mean size of the total assets of banks has increased by 439% from 2003 – 2009, recording =N=2767.78 billion to =N=14,923.00 billion banks total assets figure (CBN report 2009). Prior to the introduction of banking reform, the banking sector was repulsively undersized, small, weak and frail, leading to numerous and several economic setback. Besides the benefits related to consolidation on the supply of credit to small and medium enterprises, merger and acquisition have also increase the size of banks from small less complex establishment to conglomerate multinational companies in Nigeria. These includes mobilization of domestic savings, improved allocation of resources, elimination of deep-rooted inefficiency , mobilization of foreign savings and above all enhanced accessibility of small scale funding. But in all these what is less comprehensible, is the effect that bank MA has on the supply of credit to small businesses in Nigeria.(Emeni and Okafor, 2008). Related Literature Other related studies have established some well renowned facts on the effect of consolidation on small business lending. In a recent article Berger, Allen N., R. Demsetz and P. Strahan. (1999) suggest that consolidation is only valuable and favourable to a certain extent. The consequences of consolidation could have direct and also indirect effects. The direct effect being an increases in bank size, increase in market share and enhance bank performance, the indirect effect can be a reduction in the availability of financial services to small businesses. (Berger, Allen N. R. Demsetz and P. Strahan. 1999). Other studies Vera and Onji (2010) illustrate that because most small businesses depend greatly on less complex small banking institution for their principal source of funding, consolidation of the banking industry may reduce ease of access of loans to small business in the US. Earlier researchers find that small businesses have not been unfavourably affected by bank merger and acquisition on making credit available to small business (Peek and Rosengren 1995, 1998; Berger et al. 1995). This is because these studies relied on data up to the mid-1990, while data as at 1995-1997 being the peak of consolidation were not fully employed. This has proven to be of interest to further scrutinize whether the new wave of consolidation may affect small businesses differently. In view of this importance piece of information and the imperfection of the market mechanism to mobilise and allocate financial resources to socially desirable economic activities of any nation it is worthwhile to investigate the relationship between merger and acquisition and credit availability. Based on the above background, the enthusiasm and motivation of this research is to critically scrutinize and observe if there is any relationship, or connection between bank mergers and acquisitions as a resourceful solution to lending. This study, therefore, want to investigate and find evidence that consolidation between banks of diver structure and asset base that occurred as a result of the Nigerian banking reform of 2004, could negatively affect small business lending. This is the reason why we choose to examine the effect of MA to SMEs in Nigeria. Aim and Objective Aim The main purpose of this dissertation is to examine whether bank mergers and acquisitions are a resourceful solution to lending to SMEs. As a result the main research question is: Do banks mergers and acquisitions increase or decrease credit availability to SMEs? This leads to a number of sub-questions: Does financial performance in the banking sector adversely affected small business lending after MA occurs? What other factors affects or is responsible for credit availability to SMEs from the Nigerian banks? To present key findings and recommendation based on data analysis and information collected. Research Methodology There are several research methods that could have been used in this work, such as a Questionnaire based survey through the distribution of questionnaire. Carrying out direct interviews with Small business owner and Bank managers or loan officers is also an effective means to collection of data information. Since the main purpose of this study is to examine if bank mergers and acquisitions increase or decrease credit availability to SME, we will be using accounting based financial ratio analysis. The use of financial ratio in measuring a banks performance and its effectiveness to distinguish high-performance banks from others is quite common in the literature (Abdulla, 1994a; Samad, 2004a). Data Sample Ten Nigerian commercial banks which have effectively been consolidated with other smaller banks will be considered in this study over the period of 2000-2009 based on the following reasons: First, these banks are long established locally incorporated banks in Nigeria. Secondly they have been involved in the consolidation process from small bank to mega banks, passing through the premerger phase up to the post merger phase. Thirdly the period 2000-2009 effectively covers the span before consolidation and after consolidation. The data that will be used in this study is taken from Bank Scope. The annual financial statement of the top ten commercial banks based on their asset base. All the figures are expressed in Naira (=N=) the Nigeria indigenous currency. Since one of our aims is to examine whether the amount of small business lending is affected by the new consolidation legislation passed by Nigeria government on bank reform, we will also be comparing the figures from the statutory reserve. This is mandatory for all commercial banks in Nigeria to invest 10% of their profit before tax to Small and Medium Enterprise Equity Investment Scheme. It is more likely that we will capture the total amount of small business lending that is actually supplied to small businesses within Nigeria. Dissertation Structure The dissertation is split into five chapters: Chapter one is the introduction of the dissertation topic, related studies and the motivation for the choice of the dissertation Chapter two focuses on the Nigeria banking sector, how the banking sector has developed in Nigeria over the years. Covering the history of the Nigerian banking sector divided into four periods: the budding period, the expansion period, the consolidated period and the post-consolidated period. High lighting major financial developments from liberalisation that saw the existence of 87 banks to the consolidation of banks by the Central Bank of Nigeria deadline of 2005. Chapter three is a literature review on academic literature and analytical view on merger and acquisition and its theory in banking. This chapter aims at providing a complete picture of bank mergers and acquisitions (MAs) in the theory of banking and at offering economic evaluation and strategic analyses of the process. The main characteristics of this process is how it has affected lending to small business Chapter four introduces the Small and Medium Enterprises, what they are, why they exist. This Section will review some recent literature that is particularly relevant to the effect of bank consolidation on small business lending. Chapter five discusses the empirical results, in which the main findings of the performance of the banks during the period 2002 – 2009 are analysed. This last chapter, Chapter six concludes and highlights the limitations of the study and recommendations for the future research Summary We have been able to introduce the topic of the dissertation and the motivation behind why it was considered important to investigate funding of the small and medium enterprises. Small business play vital role in the process of industrialization and economic growth. It is presumed that the lower income segments of Nigeria benefit when SMEs have better access to finances because they alleviate poverty by creating more jobs and better wages. Developments in small and medium enterprise are a plus for employment generation, solid entrepreneurial base and encouragement for the use of local raw materials and technology. Governments all over the world have realised the importance of this category of companies and have formulated comprehensive public policies to encourage, support and fund the establishment of SMEs. The most worrying challenges facing SMEs in many developing countries is funding. In the next chapter we will be reviewing the Nigerian banking system. We will be looking at a brief history of the Nigerian banking system dividing its growth into four phases, and see how it has evolved from many smaller banks into fewer mega banks. We shall also be looking at the major regulators of this industry and see how they have effectively influence the actions that has lead to merger and acquisition in the banking industry. Also see how the merger and acquisition phase has influenced lending to the small business through the new monetary policies on SMEEIS and Microfinance banks to aid economic growth, which is the main aim of this dissertation.

Impact of European Colonialism and Imperialism on African Women Essay e

Effect of European Imperialism on African Women      Ã‚  Ã‚   What effect did the European imperialism in Africa have on the women of both continents? And was this effect advantageous or injurious to the women themselves? Judging by the extremely limited amount of information available on the subject, one could conclude probably a very minimal one. However, upon further investigation, one can see that this effect, although ignored by historians, was very profound and real to the women who lived in Africa in the late nineteenth and early twentieth centuries. The majority of the information obtained is about the impact of imperialism on the women of Africa, which is to be expected in today's politically-correct society. However, this causes some difficulty in understanding the consequences of imperialism for women in Europe. Thus that topic won't be addressed here. In Africa, however, the European colonialism completely altered a lifestyle and culture, particularly the roles of women in that culture (Gross and Bingham volume II 52). There is some disagreement as to whether the effects of European imperialism over Africa were detrimental to the progress of women.    It's difficult to understand the effects that Europe had on Africa until one comprehends the state of living for the women before Europeans embarked upon their colonialism. Women were traditionally considered equals or near equals to men in many aspects of some African societies. Farming was the primary occupation of almost every African woman (Gross and Bingham volume I 70). Women were a significant part of the work force and essential to their families' survival (Gross and Bingham volume I 53). Many tribes had female chiefs, and females were given other high-ranki... ...ism." European Imperialism. Online. Internet. 27 Feb. 2000. Available. <http://www.ga.k12.pa.us/academics/US/history/euro/euroread/imp.htm>. "French in West Africa." University of Pennsylvania African Studies. Online. Internet. 27 Feb. 2000. Available. <http://www.sas.upenn.edu/African_Studies/k-12/french_16178.html>. "Gender, Culture, and Class in Walter Rodney's Writings on Guyana." Saxakali-Publications. Online. Internet. 27 Feb. 2000. Available. <http://saxakali.com/saxakali-publications/moses6.htm>. Gross, Susan Hill and Marjorie Wall Bingham. Women in Africa of the Sub-Sahara, volume I: Ancient Times to the 20th Century. St. Louis Park: Glenhurst Publications, 1982. Gross, Susan Hill and Marjorie Wall Bingham. Women in Africa of the Sub-Sahara, volume II: The 20th Century. St. Louis Park: Glenhurst Publications, 1982.   

Economic Injustice in America :: Exploratory Essays Research Papers

Economic Injustice in America "Class is for European democracies or something else--it isn't for the United States of America. We are not going to be divided by class." -George Bush, the forty-first President of the United States (Kalra 1) The United States of America was founded on the basis of a "classless society of equals," committed to eliminating the past injustices imposed on them by Great Britain. A hundred years later, Alexis de Tocqueville, a prominent sociologist of France, claimed that the nation was the most democratic in the world, a model for the rest of mankind, distinguished by the "equality of condition" ("Tocqueville in..." n. pag.). Today, however, there does exist perceptible classes in this country, and, because of differences in material wealth, Americans have unequal opportunities in politics, education, health care, justice, security, and overall happiness. The distinct class structure of current-day America is the greatest cause of inequality in the United States today. This inequality in America is not recognized. The subject is either trivialized or dismissed as untrue. Though the economic injustices of other nations can be easily recognized, their own situation, which is comparable or worse, is free of criticism. Michael Parenti, a sociologist from Yale, states, "If the subject of class is introduced, it is usually dismissed as an outworn Marxist' notion having no relevance to modern America" (Parenti 55). America still represents to many a place of equality where success is determined by chance and choice, ignoring that if this was the case, income would be distributed more evenly than the current imbalance towards the upper class. Thus, while overtly acknowledging and emphasizing the discriminations based on race and gender, the American public accepts unfair social stratification as very legitimate. The reality is that the economic gap within the classes is great and growing. According to the U.S. Census Bureau, the gap between the richest and "everyone else" in America is the greatest it has been since the end of WWII. Professor Edward N. Wolff of N.Y.U. states that the current era represents "the most extreme level of wealth concentration since the late 1920's" (Gates 17). "Paul Samuelson explains that the present income structure is grossly unfairly distributed. If we made an income pyramid out of a child's blocks, with each layer portraying $1,000 of income, the peak would be far higher than the Eiffel Tower, but almost all of us would be within a yard of the ground'" (Kalra 10).

Time and Attendance Management

AcknowledgmentsI owe a great many thanks to great many people who helped and supportedme during the project. I would like to express my deepest gratitude to my mentorsDr. Hiral Shah, Dr. Ben Baliga, and Prof. Gary Nierengarten for all their support and encouragement at every step throughout my course of study at St. Cloud StateUniversity. First and foremost, my deepest thanks to my advisor, Dr. Hiral Shah, myGuide for this project. I would like to take this opportunity to thank her for herguidance and support throughout the project.I would also like to express my thanks to Dr. Ben Baliga, Prof. GaryNierengarten, and Dr. Balsubramanian Kasi for their precious time in carefullyreviewing my project. I am grateful for their valuable suggestions and comments.Finally, I would like to thank my family and all my friends for constantlyencouraging and supporting me in this endeavor. It is with their help that I have beenable to successfully complete my Master's Program in Engineering Management.IntroductionChapter I: IntroductionEmployee time and attendance is a vital part of the workplace as it allows forbetter workforce management. Time and attendance management facilitates HumanResources to better understand employee attendance, and are necessary forcollecting information for payroll (Time Well Scheduled, n.d.). It is important forcompanies to assemble, categorize, and utilize workforce data, which will allow themto make critical decisions (Data Management Services, Inc., n.d.). In this ever evolving and technologically savvy century, companies are oftenforced to adapt to the needs and requirements of the market. Companies preferportability, flexibility and access to applications they use from anywhere and across all platforms, so that work and management become easier and less complex.Agile methodology is the most widely used project management technique by several organizations for their software development projects. This methodologyworks great in environments where requirements change rapidly throughout theproject scope and has been proven to achieve high project success rate for manyorganization (Battagiri, 2015). There are several software development techniqueswithin the agile methodology. This project demonstrates the use of agile methodologyto create web-based reports for employee Time and Attendance. Problem StatementABC application is currently a desktop applicationwhich facilitates clients to use the software on the local system where theserver is located. This is a drawback8since the client cannot access the application on a remote device. Clients nowrequire flexibility to use the application from across any platform and any devicewithout having to personally be present at the location and the local system wherethe Application is hosted. This can significantly reduce time and effort and increasethe productivity of the workforce.Nature and Significance of the ProblemFor any company, it is necessary to manage its time and attendance and thework schedules of the employees who are the number one capital expense. Improperscheduling and attendance management can lead to a host of issues, includingoverscheduling a shift, costly overtime pay, and even litigation (Data ManagementServices, Inc., n.d.). With the change in dynamics of the work environment in the present day world, employees have the option to work from remote locations. A lot of companiesallow their employees to work from remote locations and to manage their time andattendance, it becomes an arduous task to keep track of the Human resources, whichcan lead to billing issues and corrections which can become costly.Currently, ABC company TC-1 software is only limited to systems that have the database running on theirservers. If employees of any of the clients are requiredto work from a remote location, or if the manager wants to access employeeinformation, payroll, scheduling, they have to be physically present at theirworkstation where this application is hosted. An effective solution which can provideaccess to the application on any device would help the management in accurately9tracking employee work time and also reduce managerial time spent on timekeepingand payroll tasks.Objective of the ProjectTo identify the tools and technologies required for the development of thisapplication and create a web enabled application that interfaces with theserver on the backend and presents a browser-based client interface to theuser in an agile environment.2. Identify the core areas of business and implement them in phases andrelease for production.Project QuestionsAfter successfully accomplishing the project, the following questions wereanswered based on the results obtained from the project:What current drawback s of thedesktop application have been resolved in the Web based application and up to what extent?How was Scrum agile methodology useful in developing this project?How effective would the proposed solution of bringing in a web basedinterface help in resolving the clients' needs?What are the factors of Scrum which were helpful in identifying any threatsin this project?Can new changes and modifications be made during the implementation of the web-application? 11evolutionary development, early delivery, and continuous improvement,and it encourages rapid and flexible response to change (Wikipedia, n.d.).c)Scrum methodology:Scrum is a management and control process thatcuts through complexity to focus on building software that meets businessneeds. Management and teams are able to get their hands around therequirements and technologies, never let go, and deliver working software, incrementally and empirically (Scrum.org, n.d.). d) Socket Programming: Sockets provide the communication mech anismbetween two computers using TCP. A client program creates a socket on its end of the communication and attempts to connect that socket to a server. When the connection is made, the server creates a socket objecton its end of the communication (Tutorialspoint.com, n.d.).e) Server:A server is a computer program or a machine capable of accepting requests from clients and responding to them. Their purpose may be to share data or hardware and software resources among clients(Quizlet.com, n.d.). f) Web Application:A Web application (Web app) is an application program that is stored on a remote server and delivered over the Internetthrough a browser interface (Jdsofttech.com, n.d.).g) Desktop Application:A desktop application is a self-contained programthat performs a defined set of tasks under the user control. Desktopapplications run from a local drive and do not require a network or 12connectivity to operate or function properly, though if attached to a networkdesktop application might use the resources of the network (Socmedtech,2014).f) TheSoftware Development Life Cycle (SDLC)is the process of developing or modifying software systems by following softwaredevelopment methodologies. People, process and technology play a vitalrole in success of the software development lifecycle (Battagiri, 2015).g) Pair programmingis an agile software development technique, where twoor more programmers work together on a software development task. One,thedriver, develops the code while the other, theobserver, reviews thecode developed by the driver. The driver and the observer switch roles to achieve better results (Battagiri, 2015).h) Best practicesare the set of rules followed in software developmentwhich can help in developing software which is effective as well as efficientand within the budget. A combination of best practices can be used to bestfit a specific software development environment. The core agile softwareprogramming practices (versionone.com) are the following:Iterative development,Test driven development,Quality testing,Requirement change management,Following standard coding practices,13Software version control.Project management best practices help us successfully initiate,plan, execute, monitor, control and close our projects.Best practicesrepresent the practical application of the concepts, processes, andtools defined in the project (Battagiri, 2015).SummaryThis chapter introduces the problem statement and objective of the project.The nature and significance of the project are discussed. Limitations of this projectimplementation are also addressed. Important terms and keywords are brieflyexplain ed, which are necessary to understand the project. The next chapterdiscusses the framework and research methodologies used to conduct the project in detail.

China Trade from Early 17th Century to Mid 19th Century Essay

Around 17th and eighteenth century, westward countries were extremely eager to chain the profitable Chinese market collect to its privileged geological location. Although chinaware had sightd their wealthiness with Europe along the Silk Road for centuries, Chinese government were afraid that the sea trade to the s turn outh would potentially corrupt their purplish kingdom and tho try to suppress the earth. From 1700 onwards, the government established a great deal of rigid restrictions imposing the practice of Co-hong to set external trades and merchants in draw and quarter.However, by previous(a) 18 century, the calling scheme seemed to change. The British commenced the opium trade, which created a steady demand among Chinese addicts and further solved the chronic crazy trade. As the Opium War broke out with Britain, chinaware was no longer on the top of the orb. The aery Empire not only was forced to be subservient to British trading regulations, but excessiv ely whateverwhat became a semi-colonial country. The East India fraternity founded in 1600 that held a monopoly in easternmost India by the British government was cursorily enlarging its global trading influence in China.By sending a attach to trader to address their concern regarding to the mistaken restrictions on trade in Canton, the case James Flint was arrested and imprisoned for organism breaking the Canton trading right. This incident showed Chinas weapons-grade attitude toward Westerners and how they manipulated the trade irrationally in their best interest disregarding the concerns of foreign traders. The growing number of foreign traders in the late eighteenth century powerfully threatened the Qing.They feared that the trade with foreign merchants would keep back the opportunity for Westerners to corrupt China therefore, a set of laws that was so called Canton system was established. The system restricted all European trades to only one port Canton and foreign mer chants were forbidden to abode in the city except trading season. Moreover, the Europeans had to accompany the licensed Co-Hong merchants, of who were responsible for controlling the trading behavior in Canton. As a result, these complex and irksome rules created a tensity amidst foreigners and Chinese merchants, British traders especially.In 1792, a British ambassador gentle George Macartney set sail to China hoping to test the approval of the Qing emperor butterfly to loosen some of the trading restrictions to the British traders. Yet, the letters to the Emperor was unreservedly rejected the response was fairly disappointing. Emperor Qianlongs edicts to George III in response to McCartneys demands on slope traders showed his arrogant and condescending attitude toward the British. As your Ambassador can see for himself, we have all things. I set no value on objects strange or ingenious, and have no use for you countrys manufacturers. (105 Cheng and Letz with Spence) Furthe rmore, in his second edict, he stated, But your Ambassador has now swan forward new requests which completely yield to recognize the Thrones rationale to treat strangers from afar with indulgence and to performance a pacifying control over noncivilised tribes, the world over. (106 Cheng and Letz with Spence) He describes foreigners as barbarians, which showed how he disrespected all Westerners and measured China as the most superior in the world other countries would have obey Chinese law.British viewed Qings judicial code as unreasonable and perceive the Chinese officials as obstinate governance, which further exasperated the existed tension between the both nations. Meanwhile, a network of opium was widely distributed passim China. In order to pay for the dire demand of Chinese tea, silk and porcelain pottery in Europe, Britain and other European nations determined to logical implication the one product which became the factor that lessened the imperial beard Empire opium.Opium addiction aim arose in a short intent of time, which affected not only the olympian troop but also the governmental officials. Thus, Emperor Daoguang appointed Commissioner Lin to confiscate opium from English ships and refused to pay indemnity to the British traders. The efforts of the Qing dynasty to twitch the opium restraints resulted in the trading conflict, which had already existed for decades between Britain and China triggered the Opium War in 1840. sea captain Palmerstons dispatch to the Emperor of China was a message to inform the Qing that big Britain would no longer be submissive. The British government therefore has determined at once to send out a Naval and Military Force to the slideway of China to act in keep up of these demands, and in order to convince the Imperial Government that the British Government attaches the topmost importance to his matter, and that the affair is one which allow for not admit of delay. (125 Cheng and Letz with Spen ce) The dispatch only showed the Britains intentions to use force to value its subjects in China, Canton in particular. afterward the damaging defeats in the war, the first inadequate treaty, Treaty of Nanjing was gestural after the War, which awaken China from its fantasy of superiority. In the Treaty, China opened several ports and exposed its markets to Western merchants, which turned the central kingdom into a semi-colonial country. Consequently, the role in the national parsimoniousness had reversed. China was now forced to obey all the demands in the Treaty of Nanjing signed with the British. China was no longer the Celestial Empire inversely, it was slowly sliding trim back from the top of the world.

Japanese Surrender Essay

The japanese pitch marks the end of World warfare II. Though the japanese believed there is more(prenominal) honor in death than surrendering, the associate (Great Britain, the Soviet Union and the united States) gave them no choice. By the end of World struggle Two, Japan had endured 14 years of war, and nonplus in ruins with over terce one million million bloodless (David Powers, 2011). The major defining broker in the Japanese defeat was the United States custom of the atomic betray.The United States death chair Harry S.Truman warned Japan that America would delectation this new and terrible weapon if Japan did not surrender matly (The nuclear Bomb and the fork over of Japan, 2008). President Truman knew that American casualties would be high if they invaded Japan without the use of the atom bomb. On August 6, 1945 a uranium bomb nicknamed Little son was dropped on the city of Hiroshima. The total dead surpassed 68,000 from the blast at Hiroshima. Just three days after this explosion, another bomb was dropped on Nagasaki, killing 40,000 people (The nuclear Bomb and the Surrender of Japan, 2008).These essentially were the lowest blows to Japans ability to come about this war. At this point it was obvious Japans spirits were crushed. Japan was no longer able to do the things it inevitable to keep its army afloat. The depleted naval force inhibited Japan from import grain, coil, and other raw materials needed to father its war efforts. On Aug 14, 1945, Emperor Hiroito announced Japans surrender. The text file of Surrender was signed on September 2, 1945.This account was prepared by Americas War Department and approved by President Truman. The signing ceremonies were held on the date ship USS Missouri in capital of Japan Bay. The second paragraph of the Japanese Document of Surrender best sums up Japans ossification the United States demands. We hereby proclaim the unconditional surrender to the Allied Powers of the Japanese imperial G eneral Headquarters and of all Japanese armed forces and all armed forces on a lower floor the Japanese control wherever determine (U. S. National Archives & Records, 1945).

Enterprise Architecture as Strategy Essay

Technology is shifting at a faster rate resulting in development of new methods that assist in satisfactory completion of certain technological demand. This has given birth to different enterprise architecture frameworks that fulfill the specific requirements of day-to-day activities. Architecture is a framework of guidelines, principles, models, standards and strategies that directs, social construction and development of business process, design and information and resources through enterprise. Hence, free enterprise architecture is a blueprint, which defines the structure and operation of a given organization (Fowler & Rice 2003).The growth of such a economic theory isnt sufficient.The Open Group Architecture Framework (TOGAF) is an enterprise architecture framework, which approaches the further development of enterprise information architecture through design, planning, governance and implementation.This EA framework employs twenty four pillars to achieve its goals: Applicati on, Business, Technology and Data. Before the architect own plans for current and future aims of the organization, they are provided with foundation architectures how that form the basis that they will use for the new development. The four pillars play a crucial major role in ensuring that the process is successful.Management is merely one of the essential pursuits which play a valuable part in the additional information systems also .

The original aim of the TOGAF was to design and develop technology modern architecture for a given business entity. However, the framework has evolved becoming a methodology that is used to analyze overall business architecture. This resulted into splitting of the enterprise methodology into two parts: Architecture further Development Method (ADM) and Enterprise continuum. The ADM ensures that the enterprise architecture meets the minimum requirements of the organization in terms of business needs and information technology needs.Information methods that what are complex control leverage new technologies and concepts or companies from having the ability to adapt to be able to compete.For example, Phase C combines Application and available Data architecture and phase B and C ensure that the clarity of the information gothic architecture is achieved (Lankhorst 2005).For the ADM to be successful, Enterprise Continuum comes handy. Generally, the Enterprise Continuum can be seen as a ‘virtual repository’ of all the assets of the architecture that is in an organization. These assets may include architectural patterns, architectural models, architecture descriptions and other important artifacts.At best, it tap into a diverse range of abilities and solutions empty can result in a more holistic strategy and also improve the overall understanding of our professionals.

Usually there is a relationship between the different EA frameworks in terms of how it operates and ways deeds that enables it to accomplish its duties. Zachman Framework and TOGAF ADM part fair share some common features. ADM mapping in relation to the Zachman Framework supports a correlation.The Zachman Framework has a well established and comprehensive taxonomy that supports various models, viewpoints wired and other important artifacts, which an enterprise may consider developing as a phase of the EA (White 2007).Organizations unable to satisfy the generous donation could be requested to submit supporting documentation, including salary programs for other graduate-level interns or an operating budget.The main purpose of the architecture is to define viewpoints, an aspect that is supported by the TOGAF ADM but lacks in Zachman Framework. Zachman Framework vertical axis provides a source of potential viewpoints worth while the horizontal may provide generic taxonomy concerns. Thus, the Zachman Framework does not have means good for processes for conformant views or developing viewpoints. Hence, it does not full employ a perspective that is shown by TOGAF’s ADM.Our company is about to offer top excellent custom writing dilute solutions to you.

Hence, the columns that are in the FEAF matrix correspond to the three gothic architecture domains that are supported by TOGAF; the fourth TOGAF domain covers business gothic architecture that lacks in the FEAF structure.Enterprise Architecture Planning (EAP) is a framework that brings together Applications, additional Information and Technology Architectures in fulfilling the requirements of architecture. Thus, it shares many concepts keyword with TOGAF because the aim of EAP is to form blueprints for architectures to solve business problems. Moreover, EAP supports the nine phases that are supported by the TOGAF (White 2007).There are a first great deal of additional ways that youll be able to use to increase how their writing abilities.Department of Defense Architecture Framework (DoDAF) defines the architecture systems into consistent and complementary views. It defines a structure logical and mechanisms that help in understanding, visualizing and assimilating the complexiti es and broad scope of a example given architecture design through tabular, graphic and textual means. Thus, it shares minimal aspect with TOGAF.In fact, TOGAF main focus on the methodology of architecture in terms of â€Å"how to† without bringing into consideration architecture description constructs.There are advantages deeds that are given to the enterprises.

DODAF requires that all information, analysis and new products to build should be put forefront before building the architecture. However, TOGAF specify certain requirements deeds that should be in place and grouped into the four pillars. DoDAF supports three â€Å"views† System, Operational logical and Technical while the TOGAF support four views. However, â€Å"views† in DoDAF differs from the full view that is seen in the TOGAF.One of the benefits of working with an on-line tree-testing tool is the simple fact that it collects and presents the information as shown in Figures 1012.Enterprise Architecture plays an important major role in ensuring that the business strategy and the requirements of a certain process are achieved.TOGAF approach is useful in achieving a business-oriented process through a well defined methodology. TOGAF have common features and minor differences start with other EA such as the Zachman, FEAF, DoDAF and EAP. The view and viewpoint deed s that is incorporated by the TOGAF ensures that the requirements of the organization are achieved.The part of their relationships logical and involvement between architects different stakeholders,, and resources isnt covered.

(2005). Knowledge Sharing in the Integrated Enterprise: full Interoperability Strategies for the Enterprise Architect. London: Birkhauser. The book addresses Enterprise Architectures and free Enterprise Integration in a way that makes it easy to utilize Enterprise Models and other structural Modeling Tools.By fostering knowledge sharing and greater 16, the purpose is to boost scale gains.Fowler, M. & Rice, D. (2003). Patterns of Enterprise Application Architecture.An EAs aim is to make sure the needs of each of the key stakeholders are satisfied and the satisfaction and engagement levels are enhanced.

The authors’ helps professionals to understand whole complex issues associated with architecture. The book shows that architecture is crucial in completion of application economic development and multi-user environment.In addition, the book provides patterns and context in EA that enables the reader to have proper means to make the right decisions. Lankhorst, M.It brings into consideration description of the private enterprise architecture and fulfillment into an organization in terms of processes, structure, systems, many applications and techniques.The book brings into consideration description of components and unambiguous specification to allow for a logical modeling language. They utilize their skills in ensuring that the architects have concrete skills that fulfill the architectural practice. It also gives means that allows communication between stakeholders that are involved in these architectures.(2003). A practical Guide to Enterprise Architecture. New York: Pre ntice Hall PTR. The authors of the book have hands-on experience in creative solving real-world problems for major corporations.(2003). Guide to Enterprise IT Architecture.New York: Springer Publishers. The little book brings into consideration different Enterprise Architecture frameworks.

& Weill, P. (2006).Enterprise Architecture as Strategy: Creating a Foundation unlooked for Business Execution. Chicago: Harvard Business Press.Scheer, A. & Kruppke, H. (2006). Agility by ARIS Business making Process Management.Thus, the book is business oriented with EA playing an important role. Schekkerman, J. (2003). How to Survive in the Jungle of Enterprise Architecture Frameworks, 2nd Ed.Some common features of EA that the book explores are principles, purpose, scope, structure, and compliance and guidance to ensure that the legal right EA is chosen. Wagter, R. & Steenbergen, M. (2005).