...supplier power, the supplier concentration is mainly related to capital in the financial industry. With capital being difficult to obtain, the suppliers do hold a lot of power over the financial industry. One of Wells Fargo’s advantages is that that they hold a large amount of capital and have the ability to invest and keep mortgages on their own portfolio. Buyer power is high in the financial industry. The financial services industry is a service based industry, meaning if they do not please the consumer then they lose the customer. The products available by the financial industry are very similar. Although Wells Fargo puts a lot of effort into differentiating their product, the customer will go elsewhere if they feel as though they are not treated right. . Rivalry among existing firms exists between Wells Fargo, and the three following competitors: US Bancorp, Bank of America and Citigroup, this being said there is a high degree of substitutes available to the end consumer The only problem with this rivalry is that even though Wells Fargo has a national brand, the competitors can switch to lower costs and the customer will switch in the financial industry. When it comes to product differentiation, Wells Fargo has put effort into differentiating their products from that of their competitors allowing them to keep...
Words: 324 - Pages: 2
...Malcolm Barraza FIN4606 23 April, 2013 Case Study Santander Consumer Finance 1. Please describe and evaluate the Country/Political Risk faced by this organization and describe its successes and failures. Having established itself as a strong financial leader within the financing sector of Spain, Santander has shown great strides in the overall growth towards becoming a worldly recognized leader concerning their involvement in finance on a global scale. The globalization process demonstrated by Santander is of grand success in comparison to many financial business endeavors throughout a multitude of various demographics, lifestyle and economic sectors. It is because of this extreme diversity within the business structure that Santander faces many obstacles in their decision making process. The level of difficulty in understanding each financial and economic sector relative to the various outreaches of each individual company demonstrates the need for strong initiative and research in assessing the components of each economy. Of these various concerns, once studied and researched, will provide answers to the questions presented within the case study. The decision of continuing to consolidate or expand and venture into new financial markets will be based on current performers within each market with respect to the competition branches within each individual segment. Understanding the influence of political powers within each business sector will allow the decision of flow...
Words: 2048 - Pages: 9
...their quality and the company is known for meeting customer-specific needs (General Electric, 2009). As a result, it has attracted numerous clients including corporations and government agencies and its competitive position is quite favorable. GE is the biggest lender in many of the countries where it invests with exception of the United States (Hurbert, 2007). Its power generation equipment generates a quarter of the world's electricity everyday. Excellent Management: GE utilizes a unique management style, whereby business operations are divided into business units. Each business unit plays a distinct role within the company and has its own independent management. Examples include GE Commercial Finance, GE Equipment Services, GE Energy, GE Insurance, and GE Consumer Finance among others. This kind of management style increases productivity due to the high level of accountability and efficiency that business unit managers are expected to maintain. Diversified lines of operation:GE has invested in a wide range of products under its units. These activities range from technology, energy, automotives, and aviation and home appliances to financial services and insurance services among other undertakings. This kind of diversification shields the company from risks in case of misfortunes. Environmental initiatives: GE has ventured into...
Words: 1057 - Pages: 5
...in technology and way of life. One of the most significant forces driving this development is the ability to record and deliver information across distances and at rates expanding exponentially. This is also referred to as the information age. Digital technology has changed the economy. The new terminology being used is e-marketing where the primary source of value creation for consumers has shifted from physical goods to services and information. This does not mean that everything we previously knew about business becomes irrelevant and obsolete, but it does mean that significant changes in business environment justify new approaches to thinking of the best marketing strategy and management. In summary E-commerce can be defined as an exchange of goods and services between parties, individuals and organizations as well as the electronically based intra and inter organizational activities that facilitate such exchanges.(Dave.C.,2007,p,4) There are four categories of E-commerce:- a) Business to business b) Business to consumer c) Consumer to business d) Consumer to consumer Most business still carries out the traditional ways of conducting business. This is by having a physical address where they have their products and services and translations are made there. Due to the new dot com community and ways of doing business many businesses have taken up the opportunity of conducting business online. This is because of the benefits brought about by...
Words: 3079 - Pages: 13
...Similarly the large catalogue (Peckham, 2014) and good relationships with consumers through strong marketing communications online help to reach a large consumer base. Some key weaknesses include poor relationships with some popular artists. An example is Taylor Swift (McIntyre, 2015) and this may impact Spotify’s reputation. The low level of consumers moving to the paid model is also a weakness, creating a larger issue of poor finances (Dredge, 2015), also as a result of the reliance on advertising income. This limits the amount of capital available for reinvestment. Opportunities for Spotify include building stronger relationships with artists and consumers, to gain a larger market share and to increase paid subscribers. This can be completed through education and further diversification in the market. Also seeking to launch in developing countries such as Africa, like they are in Japan (Music Week, 2015), could increase market share and profitability. Competitors within the market including Pandora, Deezer and Apple Music are all threats to Spotify (Dredge, 2014). The rapid changing technologies and developments could threaten Spotify’s position as market leader because Spotify have poor finances for reinvestment to keep up with competitors. Finally, piracy and competitors like Songza (Songza, 2015) which offer music without advertisements for free, are ongoing threats, seeing potential consumers seek alternatives to Spotify. Firm Analysis At the moment Spotify...
Words: 413 - Pages: 2
...always a positive and negative side to it and it’s not always easy. Entrepreneurs and business owners will always over come different challenges when setting up a business. Finances, location, and finding a good staff is all linked together but can be challenging when opening up a business. Finances have a big part to opening up a business. You will have to find the right lender and see who has the best interest rates for business loans. For example, if I was to start up my own restaurant I will need money to buy or rent a facility, buy restaurant equipment, or buying the food. First I will have to sit down and set up a business plan and see what is within my budget. If the bank qualifies you for a $100,000 loan you know that is your budget. Figure out what you need to get for the business, find the location, and hiring a staff. A good way to budget is find stores that sell cheap items and buy things in bulk. Budgeting money can be very challenging because when you have that large lump sum it’s easy to just buy whatever you see. So as a new business owner plan out what you need for the business and budget the money you got. Finding a location can be very challenging. Explore your options to see if it is the right place to open up a business. You will have to see if it fits into your finances and if the bank approves it (if you buy the location). While finding the right location you should see what the area is like, research your competition, and check the volume...
Words: 1084 - Pages: 5
...support and have responsibility to keep the business survive. Stakeholders are one of them. They are people who has an interest in the activities of a firm or business, however, they do not have to own any finance in that business. According to Marcousé (et al) stakeholder groups not only impact on but also be involved by the decision of the firm (2003: 489). This essay will briefly discussion the importance of stakeholders to the success of a particular business. In addition, it will include stakeholders' characteristic, a demonstration of how stakeholders display their role in business and the recognition of types of stakeholders. Stakeholders in many different businesses usually have similar roles, because all of them have an interest in the business or firm that they have chosen. This essay would focus stakeholders' function on soft drink manufacture. This chart below shows stakeholders' display in this business: [pic] (http://www.bized.co.uk/educators/level2/busactivity/activity/knowing11.htm, accessed 5/3/2009) These are the important elements which facilitate the process of produce soft drink. Government is indispensable for soft drink manufacture due to their economic policies and it concerns business's finance. It includes taxation and the interest rates. In addition, the government also supports this firm by assisting them of export there goods to other countries. If they have a high profit, it would bring a high...
Words: 1144 - Pages: 5
...high-end fashion accessories. Using valuable accessories only when needed and saving money by purchasing affordable accessories that enables customers to greatly expand their wardrobe particularly for those women who really love accessories. Each piece of PAVcessories is a work of art, very special and unique. Most people will feel that PAVcessories pieces are like nothing else they have ever seen. PAVcessories will be selling directly to end consumers through shop. COMPANY MISSION The PAVcessories is a store for the quality- and style-conscious consumer. Providing unique and affordable accessories, we intend to generate a fair return to finance continued growth and expanded community involvement. COMPANY VISION PAVcessories Vision is to become the most efficient and effective business entity in each of its respective business accessories to the markets regardless of the geographic location. OBJECTIVE The primary Objective will be based on the following factors: * SELL products that provide quality and value to the consumer while meeting needs for an expression of personal style. * PROVIDE customer services such as in-store and...
Words: 302 - Pages: 2
...perspective, e-commerce is the ability to deliver products, services, information, or payments via networks such as the Internet and the World Wide Web. 2. From an interface perspective, e-commerce involves various information and transaction exchanges: business-to-business, business-to-consumer, consumer-to-consumer. 3. From a business perspective, e-commerce includes activities that directly support commerce electronically by means of networked connections. 4. From an online perspective, e-commerce is an electronic environment that makes it possible to buy and sell products, services, and information on the Internet. 5. From a structural perspective, e-commerce involves various media: data, text, web pages, Internet telephony, and internet desktop video. 6. As a market, e-commerce is a worldwide network. A local store can open a Web storefront and find the world at its doorstep-customers, suppliers, competitors, and payment services. E-business: Connecting critical business systems and constituencies directly via the Internet, Extranets, and Intranets. It goes beyond a web site on the Internet to affect all aspects of business, from strategy and process to trading partners and the ultimate consumer. It combines the resources of traditional information systems with the global reach of the Web. E-business enables organizations to accomplish the following goals: 1. Reach new markets. 2. Create new products and services. 3. Build customer...
Words: 631 - Pages: 3
...Human Resource Roles and Responsibilities Human resource roles and responsibilities are changing because business trends are changing. Technology, e-business, ethics, and globalization are changing the way companies do business and therefore, the human resource management need to make changes to keep up with the new trends. Globalization and Technology During the past century companies have made changes to the way human resource department’s run. Many companies created jobs overseas, which slowed down the hiring in the United States (Noe, R., Hollenbeck, J., Gerhart, B. & Wright, P., 2004). Companies are finding to survive they must compete in international markets and fend off their competitors. Companies are also outsourcing and offshoring the workload in order to compete and pay employees lower pay. Technology is constantly advancing forward. In today’s business world technology is changing rapidly and human resource department find they need to move with it. These days few companies use paper for job applications now businesses rely on the internet which combines data from several sources into a single site. Shared service centers consolidate different human resource functions into a single location (Noe, et al, 2004). Diversity and E-Business Diversity in the U.S. labor force is growing in racial, ethnic, and gender terms. Many U.S. companies have already committed themselves to ensuring they recognize the diversity of their internal labor force and use it to gain...
Words: 591 - Pages: 3
...H-E-B grocery store https://www.heb.com/ fits the category of a non – news organization that utilizes social media feeds alongside traditional media feeds. Mixed media is the best way to describe H-E-B online communication (i.e. identified as a mixture of owned media, paid media shared/social media and earned media). The organization has its own website (owned media pg. 175) that allows the company to have control over information disseminated out to both its internal and external publics (pg. 118). When it comes to paid media (pg. 176), H-E-B paid to have control over 60 seconds of air time during the 2018 super bowl. Its commercial in this case demonstrated corporate advertising (pg. 176) as it promoted its annual contest Quest for Texas...
Words: 313 - Pages: 2
...Functional areas Look at the table below. It shows the different functional areas that might be found in a typical business. Explain what each of these functional areas do… include any responsibilities they may have to other areas – although we will look at this in more detail later Finance |Marketing |Production |Customer service |Sales |Human resources | |In finance they are concerned with money and future plans. They prepare accounts, e.g. invoices, management accounts, financial accounts for shareholders and inland revenue Preparing wages and salaries Obtaining capital and resources, e.g. money for expansion or to pay for such as equipment and materials. |Marketing professionals determine the products that their companies introduce to the marketplace, often using marketing research surveys to determine what consumers need and want. The marketing department determines the right distribution channels for the company's products. For example, a consumer products company may sell its products in grocery stores and mass-merchandise outlets. |Production is the functional area responsible for turning inputs into finished outputs through a series of production processes. The Production Manager is responsible for making sure that raw materials are provided and made into finished goods effectively. He or she must make sure that work is carried out smoothly, and must supervise procedures for making work more efficient and more enjoyable. |Customer-service...
Words: 476 - Pages: 2
...Joshua Tollison Phase 4 Individual Project MGM310-1204B-01 Bari Courts 23 December 2012 If I were to start an e-business the main thing I would focus on would be functionality of the site and ease to make customers feel comfortable and confident about shopping with my storefront. By this I mean designing a site that gives customers several options for the products they are shopping for; along with that my customers would have access to multiple pictures of every product available, and a detailed description of the item they are interested in. My customers would also be able to compare similar items by their available options and provide a side by side analysis. The main thing for my e-business though would be the superior customer service that is provided to my clients by means of email, live chat, and a customer service hotline if you would prefer to talk to a representative. One of the final details that would make my site superior to others would be a hassle free return policy that even included return shipping for those who need to return their products for any reason. To be able to make this dream come true there are several other factors that I will be discussing throughout this paper as I present my business plan for establishing my storefront. I. E-Commerce Infrastructure Just as brick and mortar companies have an infrastructure to help them succeed in business, so do e-businesses. By having the correct infrastructure in place allows a company to run...
Words: 2620 - Pages: 11
...MedNet.com Case – Analysis and Strategic alternatives We are presented with a case where Heather Yates, vice president for business development at MedNet.com, a website delivering health information free to consumers, was losing one of their biggest advertiser ‘Windham Pharmaceuticals’. She along with the leadership team were on the task of convincing Mahria Baker, Windham’s CMO to continue advertising with them instead of investing their advertisement dollars on ‘Marvel’ which was essentially a large search engine with a huge audience. Mednet is also facing tough competition from several other websites providing expert information on therapeutic treatments and condition specific diseases like cholesterol. About MedNet: MEDNET IS AN AMERICAN CORPORATION WHICH PROVIDES HEALTH INFORMATION SERVICES. THE WEBSITE WAS created with a mission of providing reliable and trustworthy medical information to consumer audience for free and to make profits through advertising from pharmaceutical companies. Two important aspects to be always monitored by MedNet to be on top of the things are it’s Visitors and Advertisers. WHAT DOES AN ADVERTISER WANT? SALES, LEADS, BRAND AWARENESS? WHAT ARE THE BEST METRICS FOR MEASURING THESE? The advertisers here are pharmaceutical companies who buy onscreen advertising space from websites. Though branding in the form of promoting company’s logo, slogan, and their product’s name along with its features is paramount to any company...
Words: 1294 - Pages: 6
...be creating a rule that 5 digits must be entered when asking for a consumer’s zip code. Completeness- Any information that is incomplete will prevent accurate results. Imagine a medical survey with a cell requesting a person’s date of birth. If the survey only captures the day and month of birth, the information available will not include the samples actual age, only their day and month of birth. This could prevent the employee from maintaining the average age of the consumers. Consistency- The consistency of information across different data centers, or within a single data sheet can create a problem in trying to accurately search and find an individual or an individual’s tendencies. Let’s consider a grocery store that has a discount card with an outsourced company. If the outsourced company allows consumers to use social security numbers instead of first names, and the grocery store only allows first names when scanning groceries at check out, the card will then become ineffective. If a consumer is not given the discount expected during checkout, one of many reactions...
Words: 2127 - Pages: 9
