...de-internationalization. 148 Global strategic development Opening case study Internationalization of a French retailer—Carrefour In 1960, Carrefour opened its first supermarket in France. In 1963, Carrefour invented a new store concept—the hypermarket. The hypermarket concept was novel, and revolutionized the way French people did their shopping. It moved daily shopping from small stores to enormous stores where customers find everything they want under one roof, in addition to selfservice, discount price, and free parking space. The first Carrefour hypermarket store was established at the intersection of five roads—hence the name, Carrefour, which means ‘crossroads’. Carrefour is the leading retailer in Europe and the second largest worldwide, with Exhibit A International development of Carrefour Year Country and mode of entry No. of stores (2009) 1969 1973 1975 1982 1989 1991 1993 1993 1994 1995 1996 1997 1997 1998 1998 2000 Belgium—Carrefour’s first hypermarket outside France Spain Brazil—Carrefour’s first hypermarket in the Americas Argentina Taiwan—Carrefour’s first hypermarket in Asia Greece Italy Turkey Malaysia China Thailand Poland Singapore Colombia Indonesia Japan 120 2,241 476 518 59 544 494 578 16 443 31 303 2 59 43 0 57(HM), 63(SM) 162(HM), 96(SM), 1,972(HD), 11(CS) 162(HM), 39(SM), 267(HD), 8(CS) 67(HM), 112(SM), 339(HD) HM 31(HM), 209 (SM), 271 (HD), 33(CS) 66(HM), 236(SM), 178(CS), 14(C&C) 22(HM), 125(SM), 431(HD) HM 134(HM),...
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...Table of Contents 1.0 Introduction 2 2.0 Organizational Background – Al-Rajhi Bank 2 3.0 Requirements and Job Description of Branch Manager 3 4.0 Mr. Anasari’s key people – internal and external interactions 4 4.1 Internal Interactions 4 Human Resource Manager 4 Loan Officer 5 Credit Manager 5 Bank Operational Manager 7 Customer Service Manager 7 4.2 External Interactions 8 Saudi Arabian chambers of commerce 8 Customers 8 5.0 Nature and evaluation of interdependencies 8 6.0 Recommendations 11 7.0 References 12 1.0 Introduction The role of managers nowadays has evolved greatly over the past years and it has changed significantly in different industries. One thing that remains the same is that managers are always held responsible by their supervisors, to make sure the employees achieve their objectives with expectations. The key to a success and profitable business are neither the systems nor the strategies of the firm. It is the character and skill of individual managers, who practice what they preach are what counts, that is why hiring the right manager is essential in supervising and managing the overall performance of staff in their department (Robbins, 2001). ‘People in the organisation are your most important asset’ is an incorrect statement; because I believe the right people are the organisation’s most important asset. Therefore, companies should hire based on the correct individual’s attitude and behaviour for the company, then train and develop those...
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...w rP os t S 910M96 ING DIRECT1 op yo Sean Cauterman wrote this case under the supervision of Professor Michael Sider solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. Richard Ivey School of Business Foundation prohibits any form of reproduction, storage or transmission without its written permission. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Richard Ivey School of Business Foundation, The University of Western Ontario, London, Ontario, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail cases@ivey.uwo.ca. Copyright © 2010, Richard Ivey School of Business Foundation Version: (A) 2010-11-01 It was August 1, 2008, and Maggie Fox, chief executive officer (CEO) of the Social Media Group (SMG), sat at her desk in Dundas, Ontario to review her internal creative team’s initial response to a request from her newest client, ING Direct Canada (ING). After the tremendous success of the Superstar Saver Search YouTube campaign, ING wanted to respond to the recent economic crisis and launch a second, complementary social media campaign. ING was looking for SMG to help them increase...
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...Standard Bank’s Inclusive Banking Model – An Overview Prepared by Pierre Coetzer and Nicolas Pascarel, Reciprocity A B4D Pathfinder Case Study September 2012 Table of Contents 1. 2. 3. 4. 5. 6. Executive Summary ....................................................................................................................... 3 The Changing Face of South Africa’s Retail Banking Landscape ................................................... 5 Standard Bank’s Inclusive Banking Strategy: Combining The Power Of Technology With Informal Economic Networks ...................................................................................................................... 9 Implementing the Model ............................................................................................................ 14 Value Proposition, Impact & Future Prospects of Standard Bank’s Inclusive Banking Strategy 20 Conclusion ................................................................................................................................... 25 ANNEX I: .............................................................................................................................................. 26 ANNEX II: ............................................................................................................................................. 28 2 1. Executive Summary The private sector with its skills, knowledge, experience and resources, can play a key role in accelerating...
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...non-cash payments4 1.1. Сoncept, mean and principles of non-cash payments in the Russian Federation4 1.2. Classification and instruments of cashless payments5 1.3. New banking technologies of cashless payments 10 Chapter 2. Analysis of non-cash payments on the basis of using credit cards12 2.1. Analysis of the credit card market of top Russian banks 12 2.2. The advantages and disadvantages of using credit cards17 Conclusion 19 Endnotes20 Bibliography21 Appendix 23 Introduction Throughout human history and in the present conditions, in particular, money is an inherent part of business life. All transactions related to the production of goods and services, are completed by cash payment. Moreover, such payment may take both cash and non-cash form. The relevance of this topic is defined by the fact that in this age, in the age of high technology and computerization, the general population of the earth increasingly prefers non-cash payments as faster and more convenient method of calculation, rather than using cash money. Also, an extensive network of banks and the...
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...MASTER OF BUSINESS ADMINISTRATION MARKETING MANAGEMENT ASSIGNMENT ((( | | |TOPIC: | |SWOT ANALYSIS OF | |BURGER KING VIETNAM | | | | | | | | | | | | ...
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...declare that the work reported in this project work on “Nepal Investment Bank Limited.” submitted to Thames International College, Tribhuvan University is my original work done in the form of partial requirement for the degree of Bachelor of Information Management (BIM). It has not been previously submitted to any other University or any other examination(s) nor has been duplicated from any other reports. ………………………………………. Laju Shrestha Exam Roll No:2763/10 TU Registration No: 7-2-450-106-2010 Contents APPROVAL LETTER i TO WHOM IT MAY CONCERN ii ACKNOWLEDGMENT iii DECLARATION iv LIST OF TABLES vii LIST OF FIGURES viii ABBREVIATION ix CHAPTER: 1 1 INTRODUCTION 1 1.1Background 1 1.2Objective of the Internship 2 1.3Methodology 3 1.3.1Organization Selection 3 1.3.2 Sources of Data 3 1.3.3 Placement 4 1.3.4Duration of field work 4 1.3.5 Activities performed in various department 5 CHAPTER: 2 6 INTRODUCTION TO THE BANKING INDUSTRY 6 2.1 Introduction to Banking 6 2.2 Nature and Importance of Banks 6 2.3 History of Banking 7 2.4 History of Banking in Nepal 8 2.5 Types of Banks 9 2.6 Commercial Bank 9 2.6.1 Functions of Commercial Bank 10 CHAPTER: 3 11 INTRODUCTION TO THE ORGANIZATION 11 3.1 Introduction of NIBL 11 3.2 Vision 11 3.3 Mission 11 3.4 Background 12 3.5 Capital Structure of NIBL 12 3.6 Organization structure of bank 13 3.7 Product and Services Offered 14 3.8 Goals and Objective of NIBL...
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...Internship-Report-on-Customer-Satisfaction-Level-of-EXIM-Bank-Limited Export Import Bank of Bangladesh Limited Is a public listed scheduled bank categorized in private sector and established under the ambit of Bank Companies Act 1991 and incorporated as a public limited company under the companies Act 1994 on June 02. The Bank started commercial banking operations effective from August 03, 1999. The bank converted its Banking operations into Islamic Banking based on Islamic Shariah from traditional banking operation in July 01, 2004 after obtaining approval from Bangladesh Bank. The bank is being managed and operated by a group of highly educated and professional team with diversified experience in finance and banking. A team of highly qualified and experience professional headed by the managing director of the bank who has best banking experience operate bank as dat the top there is an efficient board of director for making policies. The management of the bank constantly focuses on understanding and anticipating customers’ needs. At present the bank has real time centralized online banking branches throughout the country having smart IT- Backbone. Besides these traditional delivery points the bank has ATM of its own, sharing with other partner banks and consortium throughout the country. 1.1 Background of Report The products and services that are sold in the most favourable prices can be an initial step of the firm in obtaining the trust and be included in the...
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...Agency Costs, Mispricing, and Ownership Structure* Sergey Chernenko Ohio State University C. Fritz Foley Harvard Business School and NBER Robin Greenwood Harvard Business School and NBER March 2012 Abstract Standard theories of corporate ownership assume that because markets are efficient, insiders ultimately bear all agency costs that they create and therefore have a strong incentive to minimize conflicts of interest with outside investors. We argue that if equity is overvalued, however, mispricing offsets agency costs and can induce a controlling shareholder to list equity. Higher valuations may support listings associated with greater agency costs. We test the predictions that follow from this idea on a sample of publicly listed subsidiaries in Japan. Subsidiaries in which the parent sells a larger stake and subsidiaries with greater scope for expropriation by the parent firm are more overpriced at listing, and minority shareholders fare poorly after listing as mispricing corrects. Parent firms often repurchase subsidiaries at large discounts to valuations at the time of listing and experience positive abnormal returns when repurchases are announced. * We thank Malcolm Baker, Mihir Desai, Masako Egawa, Alp Ercil, Yasushi Hamao, Sam Hanson, Naoki Kamiyama, David Matsa, David Scharfstein, Andrei Shleifer, Jeremy Stein, Kenji Wada, Lucy White, and seminar participants at Georgetown, Harvard, IESE, the...
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...PANKAJ GHEMAWAT JORDAN MITCHELL SM – 1529 – E O – 308 - 029 Grolsch: Growing Globally In November 2007, SAB Miller, the world´s second largest brewer,1 announced the friendly takeover of the world’s 51st largest, Royal Grolsch N.V. of the Netherlands, for €816m in cash - 84% more than Grolsch’s value over the previous month. Nick Fell, SABMiller’s Marketing Director, explained the logic of the deal: “[Grolsch is] a fantastic brand. It’s North European, it’s a fantastic product, it’s got unimpeachable brewing credentials and authenticity and credibility. And it’s a damn good product. So for anybody interested in developing their premium beer business, this is an absolute peach of a brand to get hold of… we see huge potential for it in our global footprint, particularly in markets like Latin America and Africa where we’ve got a strong route to market but where the premium beer business is still in its infancy.”2 Grolsch had hitherto focused on developed markets, particularly the UK, US, Canada, Australia, New Zealand and France, in pursuit of its goal of becoming one of the world’s top 10 global beer brands. Groslch was already the world’s 21st largest global brand, measured by international (nondomestic) volume (see Exhibit 1). International volume had grown to account for slightly over onehalf of total volume and, going forward, seemed to offer much more potential. Drinkers often rated Grolsch higher than larger brands, including Heineken, the top global brand as well as...
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...PANKAJ GHEMAWAT JORDAN MITCHELL SM – 1529 – E O – 308 - 029 Grolsch: Growing Globally In November 2007, SAB Miller, the world´s second largest brewer,1 announced the friendly takeover of the world’s 51st largest, Royal Grolsch N.V. of the Netherlands, for €816m in cash - 84% more than Grolsch’s value over the previous month. Nick Fell, SABMiller’s Marketing Director, explained the logic of the deal: “[Grolsch is] a fantastic brand. It’s North European, it’s a fantastic product, it’s got unimpeachable brewing credentials and authenticity and credibility. And it’s a damn good product. So for anybody interested in developing their premium beer business, this is an absolute peach of a brand to get hold of… we see huge potential for it in our global footprint, particularly in markets like Latin America and Africa where we’ve got a strong route to market but where the premium beer business is still in its infancy.”2 Grolsch had hitherto focused on developed markets, particularly the UK, US, Canada, Australia, New Zealand and France, in pursuit of its goal of becoming one of the world’s top 10 global beer brands. Groslch was already the world’s 21st largest global brand, measured by international (nondomestic) volume (see Exhibit 1). International volume had grown to account for slightly over onehalf of total volume and, going forward, seemed to offer much more potential. Drinkers often rated Grolsch higher than larger brands, including Heineken, the top global brand as well as...
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...mail last week regarding some questions of the postal rule of acceptance and the case of Masters v Cameron (1954) 91 CLR 353. After researching those issues, and based on acceptance set out below, I believe that you will obtain some exact concepts of acceptance on the contract. Thus, I will explain the postal acceptance rule and whether it still operates in Australia or not, discuss how businesses generally modify the postal acceptance rule, and conclude the case of Masters v Cameron more fully below as I understand them. * Postal Acceptance Rule The postal acceptance rule or the mailbox rule, created in 1818, is a term of common law contracts and affect communication of acceptance. It is defined as acceptance by post has been requested or use an appropriate and reasonable means of communication between the parties, then acceptance is taken effect immediately upon the letter posted. This rule determines the timing of acceptance of an offer when mail is concerned as the medium of acceptance. The general principle is that a contract is formed when acceptance is actually communicated to the offeror. Thus, an offer made by letter is not effective until or unless received by the offeree. Acceptance is effective as soon as it is posted. The major case in the postal acceptance rule is Adams v Lindsell (1818) B & Ald 681 that a contract was formed when the acceptance letter was posted. As the case described, Adams posted a letter to Lindsell, offering to sell him goods and requesting...
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...2001 Wilder Pavilion, Adamian Academic Center Bentley College Waltham, Massachusetts Presenters Njeru Salesio Kinyua: Nduati Paul Njaaga: Toroitich Patrick Kiplimo: Lemuel Mangla: Bryan Egessa: 046485 015118 049063 090716 090524 Introduction Dr. Donaldson begins by stating that his topic, ethics in cyberspace, should be approached with considerable humility. Internet has dramatically affected our lives while frustrating our attempts to understand it and therefore we should be mindful that in the past, great intellects have been undone by the appearance of new phenomena. He gives an example of Adam Smith’s where he devoted only one paragraph to the topic of the emerging phenomenon of the business corporation. He did so because he believed corporations were never going to amount to much. Professor Smith was profoundly wrong. Dr. Donaldson says he may be profoundly wrong also as he ventures into cyberspace to untangle its ethical implications. “In my attempt I am most concerned to separate the old from the new, that is, to discern which value changes we're encountering are really old stuff, like a movie we've seen before but with a different cast, and what is fundamentally new. “ An answer to this question should help us, in turn, to discover how, if at all, the internet promises to change our values and what ethical controversies it is likely to provoke. Introduction The internet has brought about value changes...
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...[pic] CONFIDENTIALITY AGREEMENT Signature _____________________________________________________________ Name (typed or printed) __________________________________________________ Date __________________________________________________________________ This is the business plan for NPZ (Mobile Software Company). The presentation of this business plan does not imply an offering of securities. Contact designer: sanaaomrany@gmail.com TABLE OF CONTENTS 1.0 Executive Summary 1 1.1 Purpose of the Plan 1 1.2 Introduction 1 1.3 Market Opportunity 2 1.4 Business Model 2 1.5 Services and Products 3 1.6 Growth Opportunity 4 1.7 Financial Projections 4 1.8 Financial Need and Use of Funds 4 1.9 Lender Return Strategy 5 2.0 The Enterprise 6 2.1 Mission Statement 6 2.2 Business Objectives 6 2.3 Organization 6 Legal Structure 6 Company Ownership 7 Location and Premises 7 Intellectual Property 7 2.4 Historical Background 7 2.5 Funding Analysis 8 3.0 The Business Concept and Need 10 3.1 The Market Need 10 3.2 Products and Services 10 3.1 Delivery Model 12 Sales Media 12 Sourcing and Fulfillment 12 3.6 Revenue Model 12 4.0 The Market 13 4.1 Industry Overview 13 Market Size 13 Market Trends 14 Market Needs 15 4.2 Industry Participants and Competitive Analysis 15 Industry Participants 15 Competitive...
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...available on demand and facilitate easy access. In this case, it is no doubt that Business Intelligence systems (BIS) are excellent for the modern business. There have many reasons that Business Intelligence systems play an essential role in the success of an organization. First of all, it has the capacity to ensure smooth, incessant flow of information without negotiating on security. Secondly the Business Intelligence Systems duty is to ensure that correct decision is taken with the available data at the appreciate time and this is done basically on the information provided. Business Intelligence systems are used to enrich the timeliness of information necessary for the company, to allow access to all the information wherever it is stored and offer the information in business terminologies. It reduces the distribution costs spent on the information as well as the handling time, helping planning and forecasting. Understanding of its important role, eBay – the largest and most popular marketplace on Internet has applied and used IS in their business and become very successful company. Launched in 1995, eBay started as a place to trade collectables and hard-to-find items, after just few years eBay become more and more popular, known as a global marketplace where business and individuals can buy and sell practically anything. eBay is a highly visible company that has been immensely successful in their implementation of a business strategy that incorporates their information strategy...
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