A business process is a system, and sometimes business processes are also referred to as business systems, at work or at school, business process are use and it could be more use in the future with new invention and and technologies.
What are the components of a business process
Activities
Resources
Facilities
Information
Activities
Activities transform resources and information of one type into resources and information of another type
Following rules and procedures can be manual, automated, or combination
Example: Payment transforms QuantityReceive and ShippingInvoice (information) into SupplierPayment (resource)and with my job at the warehouse, activities involving information transformation was use to help count how much inventory we had in stock and how many was sold. With the use of business process, it makes work easy at the work place.
Resources are items of value
External to organization
Example: Customers and Suppliers was the mean reason to selling and buying in business and at work, our mean focus on profit was how and what to do to get to the customers in other to sell our resources to them and when we have the right resouce or product that the customer want.
Facilities are structures used within the business process
Example: Inventories ,Databases, Factories, Equipment are some of the things that are use in a warehouse house to transport and sell goods to the customers.
Information is knowledge derived from data
Used by activities and information in my work place was ver important an effective due to the use of the information to crreae ideas, get to customers and make sale.
Tuesday, May 25, 2010
MIS and My Career
A management information system (MIS) is a system or process that provides information needed to manage organizations effectively. Management information systems are regarded to be a subset of the overall internal controls procedures in a business, which cover the application of people, documents, technologies, and procedures used by management accountants to solve business problems such as costing a product, service or a business-wide strategy. Management information systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization.
I am majoring in accounting in hope to become an accountant one day, and with the help of management information system, my job could be easy with the use of Decision Support Systems, Expert systems, and Executive information systems
Decision Support system
A Decision Support System (DSS) is a class of information systems (including but not limited to computerized systems) that support business and organizational decision-making activities. A properly designed DSS is an interactive software-based system intended to help decision makers compile useful information from a combination of raw data, documents, personal knowledge, or business models to identify and solve problems and make decisions.
Typical information that a decision support application might gather and present are:
inventories of all of your current information assets (including legacy and relational data sources, cubes, data warehouses, and data marts),
comparative sales figures between one week and the next,
projected revenue figures based on new product sales assumptions.
Expert systems
Expert systems are designed and created to facilitate tasks in the fields of accounting, medicine, process control, financial service, production, human resources etc. Typically, the problem area are complex enough such that a more simple traditional algorithm is insufficient to provide the proper solution. Indeed, the foundation of a successful expert system depends on a series of technical procedures and development that may be designed by certain technicians and related experts. As such, expert systems do not typically provide a definitive answer, but provide a probabilistic recommendations.
A good example of application of expert systems in financial area is expert systems for mortgages. Loan departments are interested in expert systems for mortgages because of the growing cost of labour which makes the handling and acceptance of relatively small loans less profitable. They also see in the application of expert systems a possibility for standardised, efficient handling of mortgage loan, and appreciate that for the acceptance of mortgages there are hard and fast rules which do not always exist with other types of loans. Another common application in the financial area for expert systems are in providing trading recommendations in various marketplaces. These markets involve numerous variables and human emotions which may be impossible to deterministically characterize, thus expert systems based on the rules of thumbs from experts and simulation data are employed. Expert system of this type can ranges from ones providing regional retail recommendations like Wishabi, to ones used to assist monetary decision referenced by financial institution and governments.
Executive information systems
An Executive Information System (EIS) is a type of management information system intended to facilitate and support the information and decision-making needs of senior executives by providing easy access to both internal and external information relevant to meeting the strategic goals of the organization. It is commonly considered as a specialized form of a Decision Support System (DSS) The emphasis of EIS is on graphical displays and easy-to-use user interfaces. They offer strong reporting and drill-down capabilities. In general, EIS are enterprise-wide DSS that help top-level executives analyze, compare, and highlight trends in important variables so that they can monitor performance and identify opportunities and problems. EIS and data warehousing technologies are converging in the marketplace.
I am majoring in accounting in hope to become an accountant one day, and with the help of management information system, my job could be easy with the use of Decision Support Systems, Expert systems, and Executive information systems
Decision Support system
A Decision Support System (DSS) is a class of information systems (including but not limited to computerized systems) that support business and organizational decision-making activities. A properly designed DSS is an interactive software-based system intended to help decision makers compile useful information from a combination of raw data, documents, personal knowledge, or business models to identify and solve problems and make decisions.
Typical information that a decision support application might gather and present are:
inventories of all of your current information assets (including legacy and relational data sources, cubes, data warehouses, and data marts),
comparative sales figures between one week and the next,
projected revenue figures based on new product sales assumptions.
Expert systems
Expert systems are designed and created to facilitate tasks in the fields of accounting, medicine, process control, financial service, production, human resources etc. Typically, the problem area are complex enough such that a more simple traditional algorithm is insufficient to provide the proper solution. Indeed, the foundation of a successful expert system depends on a series of technical procedures and development that may be designed by certain technicians and related experts. As such, expert systems do not typically provide a definitive answer, but provide a probabilistic recommendations.
A good example of application of expert systems in financial area is expert systems for mortgages. Loan departments are interested in expert systems for mortgages because of the growing cost of labour which makes the handling and acceptance of relatively small loans less profitable. They also see in the application of expert systems a possibility for standardised, efficient handling of mortgage loan, and appreciate that for the acceptance of mortgages there are hard and fast rules which do not always exist with other types of loans. Another common application in the financial area for expert systems are in providing trading recommendations in various marketplaces. These markets involve numerous variables and human emotions which may be impossible to deterministically characterize, thus expert systems based on the rules of thumbs from experts and simulation data are employed. Expert system of this type can ranges from ones providing regional retail recommendations like Wishabi, to ones used to assist monetary decision referenced by financial institution and governments.
Executive information systems
An Executive Information System (EIS) is a type of management information system intended to facilitate and support the information and decision-making needs of senior executives by providing easy access to both internal and external information relevant to meeting the strategic goals of the organization. It is commonly considered as a specialized form of a Decision Support System (DSS) The emphasis of EIS is on graphical displays and easy-to-use user interfaces. They offer strong reporting and drill-down capabilities. In general, EIS are enterprise-wide DSS that help top-level executives analyze, compare, and highlight trends in important variables so that they can monitor performance and identify opportunities and problems. EIS and data warehousing technologies are converging in the marketplace.
My IS Day
Information system
An information system (IS) is a group of components that interact to produce information
Five fundamental components of computer-based information systems are:
1.Computer hardware
2.Software
3.Data
4.Procedures
5.People
An Information System (IS) is any combination of information technology and people's activities using that technology to support operations, management, and decision-making.[1] In a very broad sense, the term information system is frequently used to refer to the interaction between people, algorithmic processes, data and technology. In this sense, the term is used to refer not only to the information and communication technology (ICT) an organization uses, but also to the way in which people interact with this technology in support of business processes
In the last 24 hour, i have use some of the components of information system for my daily live activities like computer which is a hardware component and emails, microsoft word and internet explorer for school and work which is also a software component.
An information system (IS) is a group of components that interact to produce information
Five fundamental components of computer-based information systems are:
1.Computer hardware
2.Software
3.Data
4.Procedures
5.People
An Information System (IS) is any combination of information technology and people's activities using that technology to support operations, management, and decision-making.[1] In a very broad sense, the term information system is frequently used to refer to the interaction between people, algorithmic processes, data and technology. In this sense, the term is used to refer not only to the information and communication technology (ICT) an organization uses, but also to the way in which people interact with this technology in support of business processes
In the last 24 hour, i have use some of the components of information system for my daily live activities like computer which is a hardware component and emails, microsoft word and internet explorer for school and work which is also a software component.
My Employment History
EMPLOYMENT HISTORY
Sales Associate
Michael Craft Store Mississauga, ON
Michael Craft Store Mississauga, ON
· Assisted customers with purchases and inquiries
· Arranging and Stocking inventory
· Counting inventories and Maintaining clean aisles
· Unloaded trucks and stocked merchandise
· Arranging and Stocking inventory
· Counting inventories and Maintaining clean aisles
· Unloaded trucks and stocked merchandise
worked from september 2007 to feb 2008
Assistant Manager
Geetex Trading Clothing Store, Mississauga, ON
· Assisting customers with finding their product
· Excellent hand-eye co-ordination and manual dexterity
· Possess good communication and interpersonal skills
· Hands-on working experience in physically demanding positions
· Able to work well in a team environment or independently to complete all tasks
Geetex Trading Clothing Store, Mississauga, ON
· Assisting customers with finding their product· Excellent hand-eye co-ordination and manual dexterity
· Possess good communication and interpersonal skills
· Hands-on working experience in physically demanding positions
· Able to work well in a team environment or independently to complete all tasks
worked from september 2008 to march 2009
Assistant Manager, Painting
Col
lege Pro Painting, Mississauga, ON
· Assisted customers with finding the right paint
· Committed to providing excellent customer service
· Expert at forecasting, planning and creating new sales opportunities
· Excellent organization, analytical and interpersonal skills
Assistant Manager, Painting
Col
lege Pro Painting, Mississauga, ON· Assisted customers with finding the right paint
· Committed to providing excellent customer service
· Expert at forecasting, planning and creating new sales opportunities
· Excellent organization, analytical and interpersonal skills
worked from may 2008 to september 2008 it was a summer job
General Assistant
T&T
Supermarket Mississauga, ON
· Replaced unwanted groceries back on shelves
· Responded to customer inquiries and resolved complaints
· Assisted customers with finding products
· Ensured store was kept clean and safe
General Assistant
T&T
Supermarket Mississauga, ON· Replaced unwanted groceries back on shelves
· Responded to customer inquiries and resolved complaints
· Assisted customers with finding products
· Ensured store was kept clean and safe
worked from may 2006 to to feb 2007
My Community Involvement
To get involve in your community is find new friends, help out people that need help and using your time to do something instead of staying home. To get my self involve in my community, i have join alot of foundation and churches to help out in my community. for example i joined the
50/50 Charity Raffle for Toronto Youth Development in Toronto Argonauts games and i also volunteered for the ymca, a church named All Nation church in toronto and also the salvation army. With my involvement with this organisation, i met some new people, had fun working with people and also i learn alot of things about how helping a person is good for the soul. And i also had to do some of this community involvement for high school in other to graduate.
Monday, May 24, 2010
Business leader I admire
When you come to think about it, sucess sometimes starts with a person making a mistake and learning from it and avoiding to get into it again by trying a new ways and helping other people escape the same punishemnt he went through by giving them the new ways they have leant and i admire people like that
Admire
When I hear of the word admire, some words that come in mind are to regard with wonder and delight; to look upon with an elevated feeling of pleasure, as something which calls out approbation, esteem, love, or reverence; to estimate or prize highly; as, to admire a person of high moral worth, to regard with pleasure, approval, to have a high opinion of; esteem or respect, to regard with wonder or astonishment; to view with surprise etc.
Donald J. Trump started his business career in an office he shared with his father, Fred, in Sheepshead Bay, Brooklyn, New York. He worked with his father for five years, where they were busy making deals together. Mr. Trump has stated, “My father was my mentor and I learned a tremendous amount about every aspect of the construction industr
y from him.” Likewise, Fred C. Trump often stated that “some of my best deals were made by my son, Donald….everything he touches turns to gold.” Mr. Trump then entered the very different world of Manhattan real estate. In New York City, the Trump signature is synonymous with the most prestigious of addresses. Among them are the world-renowned Fifth Avenue skyscraper, Trump Tower. Luxury residential buildings include Trump World Tower at the United Nations Plaza, Trump Park Avenue at 59th Street and Park Avenue, Trump Place on the Hudson River, and Trump Palace. In 1997, Trump International Hotel & Tower opened its doors to the world, a 52-story super luxury hotel and residential building designed by the famed architect Philip Johnson. The property is one of only three in the country to have received a double Mobil Five-Star rating for both the hotel and its restaurant, Jean- Georges. In 2008, the 92-story Trump International Hotel & Tower Chicago opened and was touted by Condé Nast Traveler as the “hottest new hotel in North America.” The Trump Hotel Collection has projects going up around the world and met with tremendous success. Mr. Trump is also known as a world-class golf course developer, with award-winning courses in New York, New Jersey, Los Angeles (Trump National Golf Clubs), Palm Beach (Trump International Golf Club), Canouan Island in the Grenadines and one in development in Aberdeen, Scotland (Trump International Golf Links) as well as Puerto Rico and the Dominican Republic. Mr. Trump is an avid golfer and his passion is evident in the spectacular courses he has developed and continues to develop worldwide. His latest acquisitions are Trump National Golf Club/Colts Neck, N.J, and Trump National Golf Club, Washington, D.C. which fronts the Potomac River for three miles. As an accomplished and best selling author, Mr. Trump has had numerous best sellers including The Art of the Deal, which is considered a business classic, The Art of the Comeback, The America We Deserve, How To Get Rich, Think Like a Billionaire, Trump 101, Why We Want You To Be Rich, Think Big, Never Give Up, and Think Like a Champion. In a departure from his real estate acquisitions, Mr. Trump and the NBC Television Network are partners in the ownership and broadcast rights for the Miss Universe, Miss USA and Miss Teen USA Pageants. In January of 2004, Mr. Trump joined forces with Mark Burnett Productions and NBC to produce and star in the television reality show, The Apprentice. The show quickly became #1 on television and is currently in its eighth season. Mr. Trump’s production company, Trump Productions, is based in Los Angeles. Mr. Trump also had a successful radio program on Clear Channel for several years. Donald J. Trump is the very definition of the American success story. He has continually set new standards of excellence while expanding his interests nationally and internationally. Mr. Trump is personally involved in everything that his name represents. This commitment has made him the pre-eminent developer of quality real estate known around the world, and in all his endeavors the Trump gold standard is apparent. He is the archetypal businessman—a deal maker without peer and an ardent philanthropist.
Jimmy P
attison is a Vancouver-based entrepreneur who is the Chairman, President, CEO, and sole owner of the Jim Pattison Group, one of the largest privately held Canadian companies.James Allen Pattison was born in the rural town of Luseland, Saskatchewan in 1928. He moved with his parents to Vancouver, British Columbia in 1935. As a child, he sold magazine subscriptions and garden seeds door to door. While attending the University of British Columbia, he washed cars and worked at a used car lot. He dropped out of college, but enjoyed a successful career as a car salesman in the 1950s which led to the purchase of his first dealership in Vancouver in 1961.The single dealership bloomed into 13 dealerships in southwestern British Columbia over time. In 1965, Pattison acquired the Vancouver's CJOR-AM, the first of 20 radio stations he would later own. This began Pattison's broad business diversification -- he was quoted later as saying "My business strategy is that you don't have all your eggs in one basket." His empire eventually expanded into diversified fields including transportation, communications, food products, packaging, real estate, financial services, and the Ripley's Believe It or Not! museums at 27 locations in nine countries. Canadian Business magazine reported a net value of $5.2 billion and ranked the Jim Pattison Group 50th on a list of the most influential companies in the evolution of Canada's economy. At that time, the companies employed over 26,000 people out of 376 offices in 48 countries.Pattison has served on the Boards of several companies and foundations, including the Toronto Dominion Bank, Canadian Pacific Ltd., and the Ronald Reagan Presidential Foundation. He served as Chairman of Expo '86, the successful World's Fair which secured a place for Vancouver on the international stage. He did so without compensation for approximately five years, and in doing so, earned the admiration of many British Columbians. Largely in recognition of these efforts, he was appointed as an Officer of the Order of Canada in 1987. He was subsequently appointed to the Order of British Columbia in 1990. He married his childhood sweetheart, and together they have three children.
Roman Abramovich is best known as a Russian billionaire. He owns the investment company Millhouse Capital, the English Premiership football team called Chelsea Football Club, and is the governor of Chukotka in Russia.
Despite his influential status in sports, oil, and politics, Abramovich is relatively private, granting few interviews over the years and making almost no public statements about his life or work. Roman Arkadyevich Abramovich was born on October 24, 1966 to a Jewish family in Lithuania. His mother, Irina Ostrowski Abramovich, died before Roman was two and his father, Arkady Abramovich, was killed in a construction accident less than two years later. As a result, Roman was raised by his paternal grandparents in the chilly Arctic climate of their hometown in Lithuania. Roman Abramovich attended the Industrial Institute in Ukhta before the Soviet Army drafted him a soldier. After his return from the army, Abramovich attended the Moscow State Auto Transport Institute for a brief period before leaving the academic world for good. When Mikhail Gorbachev allowed small business development in post-communist Russia in the late 1980s, Roman Abramovich began selling plastic ducks from his small apartment in Moscow. After a few years, Abramovich began investing in other businesses, expanding his wealth. Between 1992 and 1995, Abramovich created companies that acted as resale intermediaries and he eventually focused his attention on the purchase and sale of oil. In 1995 he partnered with Boris Berezovsky to purchase a controlling share of the oil company Sibneft for a sum of $100 million. At the time the company was estimated to be worth $150 million, but after stock value jumped shortly after the acquisition, many Soviets began to question the estimated worth prior to sale. In 2000, Berezovsky left Russia over a fraud scandal and sold his shares to Abramovich. In 1999 Roman Abramovich began charitable work in the Chukotka region in Siberian Russia, a cold, impoverished region of the country. Abramovich was particularly interested in helping children and established the Pole of Hope charity to help the people of Chukotka. In December of 2000, Abramovich was elected governor of the region and has since invested millions of pounds in the development of its educational system, hospitals, and a college in Anadyr. Although Chukotka works as a tax haven for Sibneft, Abramovich's work has provided employment opportunities to the locals and given them priceless opportunities for growth and education. Abramovich wanted to leave his position as governor in 2005, but Russian President Vladimir Putin eliminated the ability to elect regional governors and Abramovich was reappointed as regional governor to Chukotka for another term. In 2003 Roman Abramovich purchased the Chelsea Football Club in the United Kingdom. The acquisition changed the marketing strategies of the game as well as the ability to "purchase" players. Due to Abramovich's personal wealth, he had the ability to build state of the art facilities and offer large salaries to players to join his team regardless of the financial status of the team itself. As a result, other teams have had to redirect wealth in order to keep up. Roman Abramovich currently resides in West London and is known as the second richest person in the United Kingdom.
Admire
When I hear of the word admire, some words that come in mind are to regard with wonder and delight; to look upon with an elevated feeling of pleasure, as something which calls out approbation, esteem, love, or reverence; to estimate or prize highly; as, to admire a person of high moral worth, to regard with pleasure, approval, to have a high opinion of; esteem or respect, to regard with wonder or astonishment; to view with surprise etc.
There are alot leaders that I admire but the top 4 of them are in business and they are
Warren Buffett
Donald Trump
Jim Pattison
Roman Abramovich
Warren 
Buffett is an American investor, industrialist and philanthropist. He is one of the most successful investors in the world often called the "legendary investor Warren Buffett",he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is consistently ranked among the world's wealthiest people and currently the third wealthiest person in the world as of 2010.Buffett is called the "Oracle of Omaha" or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 85 percent of his fortune to the Gates Foundation. He also serves as a member of the board of trustees at Grinnell College.Ben Graham - Buffett's MentorBen Graham had become well known during the 1920's. At a time when the rest of the world was approaching the investment arena as a giant game of roulette, he searched for stocks that were so inexpensive they were almost completely devoid of risk. One of his best known calls was the Northern Pipe Line, an oil transportation company managed by the Rockefellers. The stock was trading at $65 a share, but after studying the balance sheet, Graham realized that the company had bond holdings worth $95 for every share. The value investor tried to convince management to sell the portfolio, but they refused. Shortly thereafter, he waged a proxy war and secured a spot on the Board of Directors. The company sold its bonds and paid a dividend in the amount of $70 per share.When he was 40 years old, Ben Graham published Security Analysis, one of the greatest works ever penned on the stock market. At the time, it was risky; investing in equities had become a joke (the Dow Jones had fallen from 381.17 to 41.22 over the course of three to four short years following the crash of 1929). It was around this time that Graham came up with the principle of "intrinsic" business value - a measure of a business's true worth that was completely and totally independent of the stock price. Using intrinsic value, investors could decide what a company was worth and make investment decisions accordingly. His subsequent book, The IntelligentInvestor, which Warren celebrates as "the greatest book on investing ever written", introduced the world to Mr. Market - the best investment analogy in history.Through his simple yet profound investment principles, Ben Graham became an idyllic figure to the twenty-one year old Warren Buffett. Reading an old edition of Who's Who, Warren discovered his mentor was the Chairman of a small, unknown insurance company named GEICO. He hopped a train to Washington D.C. one Saturday morning to find the headquarters. When he got there, the doors were locked. Not to be stopped, Buffett relentlessly pounded on the door until a janitor came to open it for him. He asked if there was anyone in the building. As luck (or fate) would have it, there was. It turns out that there was a man still working on the sixth floor. Warren was escorted up to meet him and immediately began asking him questions about the company and its business practices; a conversation that stretched on for four hours. The man was none other than Lorimer Davidson, the Financial Vice President. The experience would be something that stayed with Buffett for the rest of his life. He eventually acquired the entire GEICO company through his corporation, Berkshire Hathaway.
Donald J. Trump started his business career in an office he shared with his father, Fred, in Sheepshead Bay, Brooklyn, New York. He worked with his father for five years, where they were busy making deals together. Mr. Trump has stated, “My father was my mentor and I learned a tremendous amount about every aspect of the construction industr
y from him.” Likewise, Fred C. Trump often stated that “some of my best deals were made by my son, Donald….everything he touches turns to gold.” Mr. Trump then entered the very different world of Manhattan real estate. In New York City, the Trump signature is synonymous with the most prestigious of addresses. Among them are the world-renowned Fifth Avenue skyscraper, Trump Tower. Luxury residential buildings include Trump World Tower at the United Nations Plaza, Trump Park Avenue at 59th Street and Park Avenue, Trump Place on the Hudson River, and Trump Palace. In 1997, Trump International Hotel & Tower opened its doors to the world, a 52-story super luxury hotel and residential building designed by the famed architect Philip Johnson. The property is one of only three in the country to have received a double Mobil Five-Star rating for both the hotel and its restaurant, Jean- Georges. In 2008, the 92-story Trump International Hotel & Tower Chicago opened and was touted by Condé Nast Traveler as the “hottest new hotel in North America.” The Trump Hotel Collection has projects going up around the world and met with tremendous success. Mr. Trump is also known as a world-class golf course developer, with award-winning courses in New York, New Jersey, Los Angeles (Trump National Golf Clubs), Palm Beach (Trump International Golf Club), Canouan Island in the Grenadines and one in development in Aberdeen, Scotland (Trump International Golf Links) as well as Puerto Rico and the Dominican Republic. Mr. Trump is an avid golfer and his passion is evident in the spectacular courses he has developed and continues to develop worldwide. His latest acquisitions are Trump National Golf Club/Colts Neck, N.J, and Trump National Golf Club, Washington, D.C. which fronts the Potomac River for three miles. As an accomplished and best selling author, Mr. Trump has had numerous best sellers including The Art of the Deal, which is considered a business classic, The Art of the Comeback, The America We Deserve, How To Get Rich, Think Like a Billionaire, Trump 101, Why We Want You To Be Rich, Think Big, Never Give Up, and Think Like a Champion. In a departure from his real estate acquisitions, Mr. Trump and the NBC Television Network are partners in the ownership and broadcast rights for the Miss Universe, Miss USA and Miss Teen USA Pageants. In January of 2004, Mr. Trump joined forces with Mark Burnett Productions and NBC to produce and star in the television reality show, The Apprentice. The show quickly became #1 on television and is currently in its eighth season. Mr. Trump’s production company, Trump Productions, is based in Los Angeles. Mr. Trump also had a successful radio program on Clear Channel for several years. Donald J. Trump is the very definition of the American success story. He has continually set new standards of excellence while expanding his interests nationally and internationally. Mr. Trump is personally involved in everything that his name represents. This commitment has made him the pre-eminent developer of quality real estate known around the world, and in all his endeavors the Trump gold standard is apparent. He is the archetypal businessman—a deal maker without peer and an ardent philanthropist.Jimmy P
attison is a Vancouver-based entrepreneur who is the Chairman, President, CEO, and sole owner of the Jim Pattison Group, one of the largest privately held Canadian companies.James Allen Pattison was born in the rural town of Luseland, Saskatchewan in 1928. He moved with his parents to Vancouver, British Columbia in 1935. As a child, he sold magazine subscriptions and garden seeds door to door. While attending the University of British Columbia, he washed cars and worked at a used car lot. He dropped out of college, but enjoyed a successful career as a car salesman in the 1950s which led to the purchase of his first dealership in Vancouver in 1961.The single dealership bloomed into 13 dealerships in southwestern British Columbia over time. In 1965, Pattison acquired the Vancouver's CJOR-AM, the first of 20 radio stations he would later own. This began Pattison's broad business diversification -- he was quoted later as saying "My business strategy is that you don't have all your eggs in one basket." His empire eventually expanded into diversified fields including transportation, communications, food products, packaging, real estate, financial services, and the Ripley's Believe It or Not! museums at 27 locations in nine countries. Canadian Business magazine reported a net value of $5.2 billion and ranked the Jim Pattison Group 50th on a list of the most influential companies in the evolution of Canada's economy. At that time, the companies employed over 26,000 people out of 376 offices in 48 countries.Pattison has served on the Boards of several companies and foundations, including the Toronto Dominion Bank, Canadian Pacific Ltd., and the Ronald Reagan Presidential Foundation. He served as Chairman of Expo '86, the successful World's Fair which secured a place for Vancouver on the international stage. He did so without compensation for approximately five years, and in doing so, earned the admiration of many British Columbians. Largely in recognition of these efforts, he was appointed as an Officer of the Order of Canada in 1987. He was subsequently appointed to the Order of British Columbia in 1990. He married his childhood sweetheart, and together they have three children.Roman Abramovich is best known as a Russian billionaire. He owns the investment company Millhouse Capital, the English Premiership football team called Chelsea Football Club, and is the governor of Chukotka in Russia.
Despite his influential status in sports, oil, and politics, Abramovich is relatively private, granting few interviews over the years and making almost no public statements about his life or work. Roman Arkadyevich Abramovich was born on October 24, 1966 to a Jewish family in Lithuania. His mother, Irina Ostrowski Abramovich, died before Roman was two and his father, Arkady Abramovich, was killed in a construction accident less than two years later. As a result, Roman was raised by his paternal grandparents in the chilly Arctic climate of their hometown in Lithuania. Roman Abramovich attended the Industrial Institute in Ukhta before the Soviet Army drafted him a soldier. After his return from the army, Abramovich attended the Moscow State Auto Transport Institute for a brief period before leaving the academic world for good. When Mikhail Gorbachev allowed small business development in post-communist Russia in the late 1980s, Roman Abramovich began selling plastic ducks from his small apartment in Moscow. After a few years, Abramovich began investing in other businesses, expanding his wealth. Between 1992 and 1995, Abramovich created companies that acted as resale intermediaries and he eventually focused his attention on the purchase and sale of oil. In 1995 he partnered with Boris Berezovsky to purchase a controlling share of the oil company Sibneft for a sum of $100 million. At the time the company was estimated to be worth $150 million, but after stock value jumped shortly after the acquisition, many Soviets began to question the estimated worth prior to sale. In 2000, Berezovsky left Russia over a fraud scandal and sold his shares to Abramovich. In 1999 Roman Abramovich began charitable work in the Chukotka region in Siberian Russia, a cold, impoverished region of the country. Abramovich was particularly interested in helping children and established the Pole of Hope charity to help the people of Chukotka. In December of 2000, Abramovich was elected governor of the region and has since invested millions of pounds in the development of its educational system, hospitals, and a college in Anadyr. Although Chukotka works as a tax haven for Sibneft, Abramovich's work has provided employment opportunities to the locals and given them priceless opportunities for growth and education. Abramovich wanted to leave his position as governor in 2005, but Russian President Vladimir Putin eliminated the ability to elect regional governors and Abramovich was reappointed as regional governor to Chukotka for another term. In 2003 Roman Abramovich purchased the Chelsea Football Club in the United Kingdom. The acquisition changed the marketing strategies of the game as well as the ability to "purchase" players. Due to Abramovich's personal wealth, he had the ability to build state of the art facilities and offer large salaries to players to join his team regardless of the financial status of the team itself. As a result, other teams have had to redirect wealth in order to keep up. Roman Abramovich currently resides in West London and is known as the second richest person in the United Kingdom.
Subscribe to:
Posts (Atom)
