Current Price (04/19/13) Target Price (IBM-NYSE) NEUTRAL Outperform 10/08/2009 $190.00 $200.00 IBM reported a dismal first quarter missing the Zacks Consensus Estimate on both lines. Revenue growth was particularly weak‚ due to execution problem and lackluster demand. We believe that sluggish IT spending remains the major headwind in the near term. Additionally‚ increasing competition in the hardware segment is another significant concern going forward. IBM continues to expand its Power systems
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Statements 17 1. Scope of the Analysis 17 2. Examining Credit Worthiness of IBM 17 2.1.1. Short Term Paying Ability 17 2.1.2. Long Term Solvency 22 3. Examining IBM Stock as a Investment Opportunity 23 Part 3: Conclusion 25 References 27 Appendix 1: Calculations for Financial Analysis 28 Part 1: Qualitative Analysis 1. Company Profile International Business Machines Corporation (IBM)‚ founded in 1911‚ is an American multinational technology and consulting corporation
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IBM Business Consulting Services IBM Strategy and Change Services — Operations Strategy Helping clients with critical business issues Clients look to Operations Strategy for help with these critical business issues: • Cost efficiency and performance improvement • Focus on company’s core business • Increasing shareholder value • Continuous process improvement • Maintaining competitive edge • Improving customer service quality Drawing on the strength of the full Highlights strategy and change
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ANALYSIS OF THE REPORT 1. Current ratio The company in all the years will be able to meet its obligation‚ especially in 2013 2. Quick ratio Company is using its inventory efficiently during the year and meeting its long term expenses 3. Cash ratio Company has sufficient amount of cash to meet its requirements 4. Inventory turnover ratio The company in year 2013 is converting its inventory into valuable product and selling it more efficiently 5. Inventory Holding Period In year 2013
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SUBMITTED BY: SWATI AGARWAL ROLL NO-01 PGDB-IB STRATEGY CASE STUDY: IBM Q1. Outline the relevant trends in IBM"s external environment which could have prompted its then CEO to consider long term changes in IBM’s business portfolio. Ans.) IBM’s CEO Samuel J. Palmisano‚ was considering a change in long term change in business portfolio in terms that instead of just using in-house resources for merely selling and servicing technology‚ they could help big conglomerates
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1.0 Introduction International Business Machines‚ abbreviated IBM and nicknamed "Big Blue" (for its official corporate color) was incorporated in the State of New York on June 16‚ 1911‚ is a multinational computer technology and IT consulting corporation headquartered in Armonk‚ New York‚ United States. Now‚ the chairman and CEO of IBM Company is Samuel J Palmisano. IBM manufactures and sells computer hardware and software‚ and offers infrastructure services‚ hosting services‚ and consulting services
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Porter‚ according to which achieving competitive advantage is the result of exploitation of imperfections in the market‚ the resource based perspective‚ which states that competitive advantage lies in the ownership of valuable resources‚ and the dynamic capabilities view‚ which follows the resource based view but also adds the dimension of time in the equation. In this essay‚ I will compare and contrast these three views after having described them‚ and will end by illustrating how they can all be brought
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Enterprise Introduction Framed by the year 2009‚ the International Business Machines Corporation (hereafter IBM) aims at becoming a ‘globally-integrated enterprise’ and is therefore facing the act of balancing between being deeply connected (in order to provide value for customers and society) and yet above the fray (to avoid divisive controversies). Over its nearly 100 year history‚ IBM moved from international (exporting form the U.S.) to multi-national (with subsidiaries in many countries) to
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Chapter 3 – Strategic Capability In the previous chapter‚ we learned how to analyse the environment that surrounds a company. But‚ it is also important to study the internal strategic capabilities of the firm‚ because‚ since your competitors are in the same environment‚ that is what distinguishes the companies performances. Foundations of Strategic Capability Strategic Capabilities can be defined as the resources and competences (strategic assets) of an organisation needed for it to
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McDonald’s Organizational Capabilities A.) One of McDonald’s organizational capabilities is the emphasis they place on their leadership practices and the extensive leadership programs they offer. According to an article by Joan Gallos regarding McDonald’s leadership practices‚ “It starts with having high standards. When we talk about people being ‘ready now’ and ‘ready future’‚ the ‘ready now’ candidate has to be someone who can be better than the incumbent over time. And‚ if every time you have
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