...Cityside Financial Services used affirmative action to hire employees that fit personally with the communities it served. It used a two-part strategy to conduct business: reinvesting in the neighborhood businesses and housing development and attracting investments from wealthy clientele. Two units in the Sales Division, Retail and External Deposits, offered services to grow the neighborhood. The goal was to hire women and African-Americans in order to speak to local clients. The Retail Department offered loans to small businesses, savings accounts, and home mortgages. The External Deposits Department offers money markets, IRA accounts, and CDs. In order to gain the diverse workforce the owner wanted, a hiring program was put in place that would benefit minorities. The Retail Department hired women, who became nearly half of that department's staff. Meanwhile, the External Deposits Department continued to hire and retain mainly white males with college degrees. Despite the difference in demographic of the staffs of the separate departments, Cityside Financial Services became known for having a diverse staff. Internally, there was not enough cooperation between the two departments, which caused the customer service to take a hit. Cityside Financial Services faxed all if the challenges to managing diversity as it was going from a predominantly white organization to a more diverse institution, offering positions to minorities like women and African-Americans...
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...Introduction: The Roaring Dragon Hotel is located in China. Mr Wen has decided to expand this hotel in order tp change this 3-star hotel to a 5-Star hotel. And hence he hired a consulting firm to evaluate this hotel from top to bottom. Unfortunately the results were shocking to Wen. He came to know that his employs were lazy and inefficient. They have confirmed that there is no way to change this hotel to a 5 Star without firing more than 600 employs and should spend more investments on the infrastructure. He understood that the employs if the hotel were doing their personal business and taking long breaks for Tea and were reading news paper and also leaving without finishing their shifts. Background : There was a 3-star hotel in South West China named, The Roaring Dragon Hotel which is initially under State Owned Enterprise. It had a colorful history and reputation as the region's premium guesthouse in 1950s. There is a vast market development in the region, but management couldn't get grab that opportunity to increase the reputation of the hotel. And also they didn't bother about the profits. Many people are hired from Government Department through Guanxi or connections . Due to this, there was a decline in popularity and income. The state officials have decided to hire Hotel International and transferred all the ownership of The Roaring Dragon Hotel . Tian Wen is a General Manager in 2000 and having minimum concern about the development and expansion...
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...1 a. Three purposes: &Increase applicant pool at reasonable cost &Fulfill organizational legal/social goals &Increase success rate of selection process. HuaWei Company posts some recruitment ads on the Internet, which could extend the range for finding the right person and which could also raise the employment rates to some extent. This wide selection methods could raise the successful rates. 1b External: Internet recruiting people on the Internet, such as posting the ads Internal: promotion to promote someone from a lower position Two reasons: Bringing more new ideas It could help the society to solve the problem of unemployment 1c Yes. Chinese companies usually use the Internet to recruit people. There are many website services provided by the company and the applicant. With the further development of the Internet, this kind of method is becoming more and more popular. Chinese companies still use method of promotion as the Chinese tend to give more opportunities to them know. 2a &Develop realistic goals/manage interview process (structure: RJP, Selling/Message Content, Measurement) &Define differentiating job performance expectations (barriers, & competency requirements) necessary to perform successfully &Ask questions that predict candidate’s ability to meet performance standards &Decide on answers to the targeted questions in advance of the interview &Conduct the interview in a manner that maximizes effective communication & accurate measurement &Use behavioral decision-making...
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...Home Page » Business and Management Career Choice: Biomedical Engineering Technician Versus Financial Services Entrepreneur In: Business and Management Career Choice: Biomedical Engineering Technician Versus Financial Services Entrepreneur CONTENTS PAGE Introduction………………………………………………………………………………………………………… 3 Biomedical Engineering Technician……………………………………………………………………… 3 Education Requirements………………………………………………………………………………….. 3 Salary Ranging up to $140,000 Annually…………………………………………………………… 4 Fast-Growing Job Field…………………………………………………………………………………….. 4 Moving into Management…………………………………………………………………………………. 4 Financial Services Entrepreneur…………………………………………………………………………… 4 Starting a Business…………………………………………………………………………………………… 4 Potential Income Growth…………………………………………………………………………………. .5 Self-Management……………………………………………………………………………………………… 5 Conclusions and Recommendations……………………………………………………………………… 5 Works Cited………………………………………………………………………………………………………… 6 BIOMEDICAL ENGINEERING TECHNICIAN VERSUS FINANCIAL SERVICES ENTREPRENEUR INTRODUCTION Biomedical engineering is considered the fastest growing job field today, while the financial services industry has also remained strong due to the everlasting need for financial security. These are two drastically different career paths, and both have great potential in terms of career success. With the cost of schooling the way it is, many are wondering if it is even worth...
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...with the problem of choosing from among a large number of securities. His choice depends upon the risk and return characteristics of individual securities. He would attempt to choose the most desirable securities and like to allocate is funds over this group of securities. Again he is faced with the problem of deciding which securities to hold and how much to invest in each. The investor faces an infinite number of possible portfolios or groups of securities. The risk and return characteristics of portfolio differ from those of individual securities combining to form a portfolio. The investor tries to choose the optimal portfolio taking in to consideration the risk return characteristics of all possible portfolios. As the economy and the financial environment keep changing the risk return characteristics of individual securities as well as portfolios also change. This calls for periodical review and revision of investment portfolios of investors. An investor invests his funds in a portfolio expecting to get a good return consistent with the risk that he has to bear. The return realized from the portfolio has to be measured and the performance of the portfolio has to be evaluated. It is evident that rational investment activity involves creation of an investment...
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...In 2007, the US financial system began to collapse. The trust link between the different financial institutions, such as Investment Banks or Insurance Companies, broke – crashing all the financial system. The collapse of all the US banking system had consequences everywhere in the world. No one, from the strongest European countries to the poorest places in the world, was spared. To understand the whole current situation, we have to look back in the 80s and 90s when the deregulation started. Deregulation means lowering the laws and restrictions voted by the government, which lowers the government control over how business is done, between who and who. It started with the deregulation of how the loans are used. Before the deregulation, the financials institutions could not use the money of the individuals. But they came public, so they had access to a lot of money provided by the stockholders. This situation lead to two crises in the eighties, and in the nineties. Between 2001 and 2007 happened a period, called “bubble”, of high deregulation and speculation. It lead to the financial crisis we are now still facing. The main point of this essay is to understand how the system have collapsed, who and what was involved. It will also try to explain why the US crisis has spread to the other financial markets all around the world. 1/ The play of the interest rate during the US crisis In the early 2000s, the interest rate was kept down by the Federal Reserve (FED) to boost...
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...Describe the organization The Organization I have chosen to Audit will be SunTrust Bank, Inc. SunTrust Banks, Inc., with total assets of $170.8 billion on March 31, 2011, is one of the nation’s largest financial services holding companies. Through its flagship subsidiary, SunTrust Bank, the company provides deposit, credit, trust, and investment services to a broad range of retail, business, and institutional clients. Other subsidiaries provide mortgage banking, brokerage, investment management, equipment leasing, and investment banking services. Atlanta-based SunTrust enjoys leading positions in some of the most attractive markets in the United States and also serves clients in selected markets nationally. The Company’s mission is to help people and institutions prosper by providing financial services that meet the needs, exceed the expectations, and enhance the lives of our clients, communities, colleagues, and ultimately our shareholders. SunTrust’s 1,665 retail branches and 2,924 ATMs are located primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. In addition, SunTrust provides clients with a full selection of technology-based banking channels including online, 24-hour customer services centers, and the latest mobile devices. I am currently an employee of SunTrust Mortgage and the only African –American employee out of 25 people. The prior 2 other African American employees one left the company after...
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...WritePoint. Information Technology Acts Joey Griffith BIS/220 August 28, 2012 Dr. Kathryn Moland University of Phoenix Information Technology Acts The Do Not Call Implementation act of 2003 is a registry list that will not allow telemarketers to call and harass everyone daily (Do-Not-Call Implementation Act Law & Legal Definition, 2001-2012). The Financial Services Modernization Act of 1999 is a law that works to partially to deregulate the financial industry. Both of these acts were put into place to help the...
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...Submitted By : Santhosh Kumar Submitted to : Dr YogeshMaheshwari CCBMDO-09 Financial Management I Assignment I 31 Oct 2012 CORPORATE FINANCING ENVIRONMENT IN INDIA: A CRITICAL REVIEW S No | Topic | Page No | 1. | Executive Summary | 2 | 2. | Financial Instruments | 3 | 3. | Financial Markets | 4 | 4. | Financial Intermediaries | 5 | 5. | The Regulatory Environment | 6 | 6. | The Way Forward | 9 | Executive Summary 1. Corporate finance is used to collectively identify the various financial dealings undertaken by a corporation. Ideally, corporate finance is the division of the company that is mostly concerned with the financial operations of the company. In some businesses, corporate finance primarily focuses on raising money for ventures and projects. For other corporations and investment banks, corporate finance concentrates on analysis of corporate buyouts and other decisions. The core functions of corporate finance are making wise use of the financial resources available to the company. Corporate finance may also take on many different aspects of the overall management of the finances of the company. The functions may also include managing of investments like acquisition and selling stocks, bonds, and other investment ventures pertaining to other companies. It may also involve creating and managing the process for issuing shares of stock or offering corporate bonds to generate resources for expansion projects. 2. The pattern...
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...reach of banking services in Nepal. Historically priority sector credit, small farmer development program, production credit for rural women, micro credit for women, and saving, credit cooperatives, and deprived sector credit programs are major initiatives from formal financing system. Thousands of informal occupational groups and community groups function informally. Main thrust of both formal and informal agencies is group mechanism to generate saving, serve micro credit and other social development inputs to their group members. Poor households variously called low income families, Janajati, backward Madhesi, Dalit, Women, and unemployed youth who live in rural areas have low saving, low capital base are excluded by banks and financial institutions intentionally from their service folds. They lack general and financial literacy. As an individual they are ineligible to take loans. They are recognized by financing institutions under Groups as legal entity. The Financial Intermediary Act 2055 recognizes groups including 4 to 10 members from disadvantaged households as a unit to receive social and financial inputs. From lenders’ as well as borrowers’ points of views individuals with small amount or lack of collateral loan transaction is uneconomical and unsustainable. To mitigate this problem specific financing institutions are licensed by Nepal Rastra Bank to serve deprived households, called Micro Financing Institutions (MFI). They are class 4 banks, financial intermediary non...
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...Takeover and the Next Financial Meltdown 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown, by Simon Johnson and James Kwak, is an analysis of the banking system in America and how they contributed to the financial crisis of 2008. These banks were facing the possibility of bankruptcy, and in turn the American government had an increasing need for these banks as the means to fund the necessary investments in the economy. 13 bankers, breaks down the American banking industry in how they have grown so big, so profitable, that they have become resistant to regulations. The banks grown to the enormous that the stability of the economy was dependent, giving they a political influence by pouring money into campaigns of congressional candidates and congressmen, assuring investment banks to maintain influence and position in the White House and the Treasury department. Theses “megabanks” had balance sheet assets that accounted for more than 60 percent of the country’s gross domestic product. In March of 2009, the presidents of thirteen of these “Megabanks” met at the White House with the President, Obama that gave a message, “everybody has to pitch in. We’re all in this together” –President Obama (13 Bankers, page 4) this message giving a clear indicator the thirteen bankers needed the government and in turn, the government needed these 13 bankers to maintain stability of the economy. Thomas Jefferson was strongly suspicious of the financial industry and of banks...
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...My Personal Financial Plan I. Current A. Description Currently I am a full time student, and senior, at majoring in Accounting and Finance. I do not have a part time job and do not plan to work until I graduate. I currently have taken out student loans to support myself through the rest of my college education. My parents pay for insurance payments for my car, cover my phone bill, and provide me with medical insurance. I pay for all the rest of my expenses, including rent, food, gas, and all other daily expenses. I currently have no investments and no substantial assets with a value of over $1000. I graduate in May and have signed a contract with KPMG to start work as an auditor in August after I complete the CPA. I will be auditing companies in the telecommunications industry as well as the financial industry. My starting salary is $47,500 a year plus benefits. I use a car that my parents bought me to commute right now but will purchase my own car and become 100% financially independent of them when I start work in the fall. B. Balance Sheet- (Find in Appendices- #1) C. Cash Flows Statement/Income Statement- (Find in Appendices- #2) D. Mission/Vision Statement Mission Statement- To secure financial stability with minimal leverage by age 50. To have the ability to be generous with my money and consistently give a larger percentage away every year while maintaining my standard of living. Vision Statement- When I start my job I plan to make...
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...Information Security Threats to the Banking Industry To start off with I chose to go with our banking or financial industry. The banking industry is constantly getting attacked by various methods on a daily basis. I chose this industry because I happen to know someone who works in the security sector at Wells Fargo Bank, he was a good person to get information on what he sees on a daily or weekly basis. This paper is the opinion of myself and with gathered information from various resources. The three main threats that face the banking industry are; Organized crime targeting financial institutions, Assault on Authentication, Malware. There are other threats that financial institutions are facing such as; Increased insider threat, Mobile Banking Attacks, and Telephone based fraud. The banking industry is facing more and more threats each day as they become more and more dependent on electronic media, this includes mobile banking, web based banking, atm machines, and any kind of information system that the bank is using. With the rise in technology and banking adapting to the technology banks become vulnerable and constantly have to keep up to date on all security measures and sometimes even invent new ways of protecting the banks data as well as its customers data. The potential risks involved if any of these threats are ever used on the banking industry's computer systems, could be wide spread. The bank or banks could lose all information on all transactions that have happened...
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...Foundations of Financial Markets and Institutions, 4e (Fabozzi/Modigliani/Jones) Chapter 2 Financial Institutions, Financial Intermediaries, and Asset Management Firms Multiple Choice Questions 1 Financial Institutions 1) Financial enterprises, more popularly referred to as financial institutions, provide a variety of services. Which of the below is NOT one of these? A) Transform financial assets acquired through the market and constituting them into a different, and more widely preferable, type of asset–which becomes their liability. B) Exchange financial assets on behalf of customers but not for their own accounts. C) Manage the portfolios of other market participants. D) Assist in the creation of financial assets for their customers, and then sell those financial assets to other market participants. Answer: B Comment: Financial enterprises exchange financial assets both on behalf of customers and for their own accounts. Diff: 2 Topic: 2.1 Financial Institutions Objective: 2.1 the business of financial institutions 2) Financial intermediaries include ________ that acquire the bulk of their funds by offering their liabilities to the public mostly in the form of deposits; insurance companies, pension funds, and finance companies. A) depository institutions B) utilities C) initial public offerings D) preferred equity instrument. Answer: A Diff: 1 Topic: 2.1 Financial Institutions Objective: 2.1 the business of financial institutions 3)...
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...Businesses |J.P. Morgan is a leader in asset management, investment banking, private banking, treasury and securities services, and commercial banking. | |Today, the firm serves one of the largest client franchises in the world, including corporations, institutional investors, hedge funds, | |governments, healthcare organizations, educational institutions and affluent individuals in more than 100 countries. | | | |J.P. Morgan’s core businesses include: | |Asset Management | |Investment Bank | |Private Banking | |Securities Services | |Treasury Services | |Commercial Banking ...
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