The collapse of the Middle Earth Bank by Silingo, S J
193056240
Submitted on
18 May 2016 in partial completion of
Business Fundamentals 4 (BUF400S) in the
B Tech (IT) degree offered by the
Department of Information Technology in the
Faculty of Informatics and Design at the
Cape Peninsula University of Technology
1 Introduction
1.1 Same old story when business crumbles
Claim:
It is the same old story, when the company (i.e. big or small etc.) crumbles under poor management. “I trusted him or her like my own child and the family member”. For many generations the business have been doing well. Just one careless mistake, of trusting your brilliant employee.
Fact:
Well these only one advise to this careless, never trust anybody with you money, even family members and close …show more content…
And the was money involve, and maybe calculation were going to be erroneous. Just think what would happen at the stock exchange. Most of the business people were riding Y2K Dotcom wave and it soon crash with its hype.
2 Due Diligence of Employment
a. Was Bilbo academic credentials fitting the positions he was hired for?
b. Was Bilbo hired ethical and did he fit within the culture and philosophy of Middle Earth Bank?
c. Was Bilbo screened for security and criminal checks (i.e. including fraud)?
d. Did they check all the references?
e. What was the academic level of Bilbo 's parents?
f. Was Bilbo a team player or self-centred?
g. Why Bilbo was not stock trader in Hobbiton Stock Exchange (i.e. HSE)?
3 Hitting two birds with one stone (i.e. 2 positions occupied by one person)
Claim:
Surely Bilbo must have been a very brilliant employee, for being given head of stock trade and head of settlement operations. Because both positions are very demanding. Is this the first time Middle Earth Bank offer employee two positions or have Bilbo impress them by returning high profit margins?
193056240
Submitted on
18 May 2016 in partial completion of
Business Fundamentals 4 (BUF400S) in the
B Tech (IT) degree offered by the
Department of Information Technology in the
Faculty of Informatics and Design at the
Cape Peninsula University of Technology
1 Introduction
1.1 Same old story when business crumbles
Claim:
It is the same old story, when the company (i.e. big or small etc.) crumbles under poor management. “I trusted him or her like my own child and the family member”. For many generations the business have been doing well. Just one careless mistake, of trusting your brilliant employee.
Fact:
Well these only one advise to this careless, never trust anybody with you money, even family members and close …show more content…
And the was money involve, and maybe calculation were going to be erroneous. Just think what would happen at the stock exchange. Most of the business people were riding Y2K Dotcom wave and it soon crash with its hype.
2 Due Diligence of Employment
a. Was Bilbo academic credentials fitting the positions he was hired for?
b. Was Bilbo hired ethical and did he fit within the culture and philosophy of Middle Earth Bank?
c. Was Bilbo screened for security and criminal checks (i.e. including fraud)?
d. Did they check all the references?
e. What was the academic level of Bilbo 's parents?
f. Was Bilbo a team player or self-centred?
g. Why Bilbo was not stock trader in Hobbiton Stock Exchange (i.e. HSE)?
3 Hitting two birds with one stone (i.e. 2 positions occupied by one person)
Claim:
Surely Bilbo must have been a very brilliant employee, for being given head of stock trade and head of settlement operations. Because both positions are very demanding. Is this the first time Middle Earth Bank offer employee two positions or have Bilbo impress them by returning high profit margins?