...Long-term Finance and Economic Growth Working Group on Long-term Finance The views expressed in this report are those of the Working Group on Long-term Finance and do not necessarily represent the views of the individual members of the Group of Thirty. ISBN 1-56708-160-6 Copies of this paper are available for $49 from: The Group of Thirty 1726 M Street, N.W., Suite 200 Washington, D.C. 20036 Tel.: (202) 331-2472 E-mail: info@group30.org; www.group30.org Long-term Finance and Economic Growth Published by Group of Thirty© Washington, D.C. 2013 Table of Contents Abbreviations ............................................................................................................................................................................... 5 Glossary .............................................................................................................................................................................................6 Foreword ..........................................................................................................................................................................................8 Acknowledgments ..................................................................................................................................................................10 Working Group on Long-term Finance ................................................................................................................
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...conditions. They should be a one stop shop for all the organic products and offer its customers a wide selection. SmartMart should continue with its exceptional customer service and should leverage its brand value to fight the competition from the existing niche store and new entrants. Introducing SmartMart's biofuel and exclusive Organic 2.0 label will help SmartMart differentiate itself in the market and have an edge over other organic retail chains. Securing an Organic 2.0 label from the FDA and government agencies will further add to the credibility of organic products one gets at SmartMart. This will also get SmartMart support from not only its existing customers but also from community members like environmentalist. SmartMart is a successful retail grocery store which focuses primarily on organic, healthy and environment friendly line of products. Its major customers are high end affluent people who seek rich customer service and price is a secondary concern for them. One of its major strength is brand loyalty. Its mission is to create a sustainable future by providing value for all its stakeholders and customers while contributing towards a greener environment and having a strong financial return. With the changing market trends, SmartMart anticipates a need to reassess its existing business model to succeed and maintain its competitive edge in the coming years. In scenario one, I suggest SmartMart to move towards smaller, customer oriented store concept and become a niche...
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...change and why – provide your recommendation with a Before and After Organizational Chart. - If you are not working at this time- use a past employer. “ Change or perish” (Abrahams, Eric “Change without Pain” Harvard Business Review 2000, p.1) is the fate of companies and corporations when faced with the external and internal challenges that impact organizations, their structure and process and ultimately corporate success. (Abrahams, 2000). Regardless how uniquely positioned in its macro- or micro economical environment, no company is sheltered from the requirement to adapt to the ever-changing circumstances and influencing factors it conducts business in and more importantly, is intending to conduct business in the future and remain successful. ( Robbins, Judge, 2009) Be it planned changed or change induced by so called change agents, change is the driving force behind organizational re-structuring, -re-alignment and re-focus on a company targets, goals and ultimately success. (Judge, 2000). In order to adapt to and manage change effectively, it is imperative for management to understand the complexity and interconnectivity of the factors required to align in any given affected corporate structure. (Weber, 1998) For such crucial competitive analysis, various assessment tools to analyze, assess and investigate corporate organization, structure and process, have been incepted, designed and refined. (Kaplan, Norton, 1996) This paper will use such assessment tools to perform...
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...conditions. They should be a one stop shop for all the organic products and offer its customers a wide selection. SmartMart should continue with its exceptional customer service and should leverage its brand value to fight the competition from the existing niche store and new entrants. Introducing SmartMart's biofuel and exclusive Organic 2.0 label will help SmartMart differentiate itself in the market and have an edge over other organic retail chains. Securing an Organic 2.0 label from the FDA and government agencies will further add to the credibility of organic products one gets at SmartMart. This will also get SmartMart support from not only its existing customers but also from community members like environmentalist. SmartMart is a successful retail grocery store which focuses primarily on organic, healthy and environment friendly line of products. Its major customers are high end affluent people who seek rich customer service and price is a secondary concern for them. One of its major strength is brand loyalty. Its mission is to create a sustainable future by providing value for all its stakeholders and customers while contributing towards a greener environment and having a strong financial return. With the changing market trends, SmartMart anticipates a need to reassess its existing business model to succeed and maintain its competitive edge in the coming years. In scenario one, I suggest SmartMart to move towards smaller, customer oriented store concept and become a niche...
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...transformation. Information technology has very real impact in most of industries and in all aspects of economy, while businesses and enterprises continue to undergo considerable changes. Usage of these technologies is revolutionizing the rules of business, resulting in structural transformation of enterprises. Modern businesses are not possible without help of information technology, which is having a significant impact on the operations of Small and Medium Sized Enterprises (SME) and it is claimed to be essential for the survival and growth of economies in general. SME is drawing attention in developed and developing countries as well as in transition countries. It is generally recognized that SME play a key role in the revitalization and development of national economy in many countries and particular in the context of Kosova. It is encouraging the development of SME and the role that SME sector can play in promoting economic and social development by creating opportunities for employment. These components are described and discussed while more research and studies on the adoption of information technology in SME in Kosova are proposed as necessary. Key words: Information technology, Small and Medium Sized Enterprises (SME), Business, Economy. 1. Introduction Small and Medium Sized Enterprises (SME) play an important role in economic development of a country. Several theories elaborate on connection between information technology, economic development and social change. Almost all...
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...Mr. Kishore Biyani King of Retail INTRODUCTION ‘ITS A UNIQUE CHALLENGE ONE HAS TO LIVE UP TO AND I FAILED IT IN MY FIRST ATTEMPT.IT TURNED OUT TO BE A HUMBLING EXPERIENCE AND TAUGHT ME LESSONS THAT SHAPED MY LIFE FROM THEREON’ -KISHORE BIYANI ABOUT KISHORE BIYANI 1. He was born on 9 august 1961 in Mumbai.He was the second son of shrilaxmi narayan biyani and Smt Godavari Biyani 2. Graduated in commerce from HR college, Mumbai 3. Introvert and shy natured person 4. Belongs to business family. STORE DESIGN & LAYOUT -Headquartered in MUMBAI -Employees over 30,000 people. -Pantaloon Retail is the flagship company of Future GROUP -Has over 1000 stores across 61 cities in India What made him an Entrepreneur ?? 1. Dying family business 2. No organized Retail Chain 3. Resources 4. Risk taker 5. Initiator 6. Influencer The Evolution of Kishore Biyani- 1987-88-He began manufacturing trousers 1988-92-He got BARE jeans and John Miller in the Indian market 1997 -2000- He launched his stores starting with the private label Pantaloons, department stores and then other formats 2006-Biyani commands over 1.3 million sq ft of retail space Background* Mr. Kishore Biyani, B.Com., PGD is a founder and serves as the Chief Executive Officer of Future Group. Mr. Biyani has been the Managing Director at Pantaloon Retail (India) Limited since April 1, 2005. He has been a Managing Director...
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...Rethinking retail banking growth Effective strategies for increasing revenue by building stronger connections to the post-crisis consumer It’s no secret that revenue growth is one of today’s biggest challenges for the banking industry. Financial services CEOs ranked growth as their number one priority according to The Conference Board CEO Challenge 2011 1 survey . As low interest rates and new regulations strangle traditional sources of riskbased and fee income, many once-attractive customer relationships are generating less revenue, causing some to become unprofitable. Many bank executives are finding that the old tried-and-true strategies for organic market share and revenue growth are not sufficient anymore. Competing based on pricing, convenience, and service is still fundamental, but more is required. The financial crisis created a trio of retail banking giants with approximately 30 percent combined market share and more than 18,300 branch locations – but even with their vast scale; they are also struggling to grow organically. On the product side, retail deposits have significantly diminished attractiveness in today’s low interest rate environment. Even when banks succeed in attracting new deposit relationships, there are few profitable ways to reinvest those assets in today’s loan environment. Mortgage lending has dropped to the lowest levels in a decade, and new fee and rate constraints on overdrafts and credit cards, along with consumer debt reduction, have silenced...
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...84 Harvard Business Review March 2011 HBR.ORG Dominic Barton is the global managing director of McKinsey & Company. Long Term Business leaders face a choice: They can reform the system, or watch as the government exerts control. A call to action from McKinsey & Company’s global managing director by Dominic Barton Capitalism for the T ILLUSTRATION: JAMES JOYCE he near meltdown of the nancial system and the ensuing Great Recession have been, and will remain, the de ning issue for the current generation of executives. Now that the worst seems to be behind us, it’s tempting to feel deep relief—and a strong desire to return to the comfort of business as usual. But that is simply not an option. In the past three years we’ve already seen a dramatic acceleration in the shifting balance of power between the developed West and the emerging East, a rise in populist politics and social stresses in a number of countries, and significant strains on global governance systems. As the fallout from the crisis continues, we’re likely to see increased geopolitical rivalries, new international security challenges, and rising tensions from trade, migration, and resource competition. For business leaders, however, the most consequential outcome of the crisis is the challenge to capitalism itself. That challenge did not just arise in the wake of the Great Recession. Recall that trust in business hit historically low levels more than a decade ago. But the crisis and the surge in...
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...A key factor in the process of integrating strategic planning with HR is ensuring that the HR staff recognize their roles as change agents and strategic business partners. This may be particularly difficult in a rapidly changing organization where the lack of stability tends to leave people with the feeling that they are victims of change rather than champions of it. However, one key to creating a successful HR function is to organize the chaos caused by change. This can be accomplished by forging ahead with innovative strategic plans that add value to the company instead of retreating into comfortable, traditional roles that will not effectively improve a company's bottom line (Cipolla, 1996). Effective strategic planning involves analyzing current data and identifying trends that may affect a company's future performance. Next, it involves mapping out a strategy that will most likely result in a company's success over the long term. A study by Eichinger and Ulrich (1995) indicates that in the next five to seven years at least 10 profound changes will alter the course of businesses and the function of HR. They identify these changes as (1) global economic and financial, (2) technological, (3) political, (4) structural (to the business organization), (5) educational, (6) labor-related, (7) social, (8) conflicts due to globalization, (9) environmental, and (10) crime-related. These changes are dominated by the shrinking world, as telecommunication, travel, information, ideologies...
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...C OV ER F E AT U RE Entrepreneurial Innovation at Google Alberto Savoia and Patrick Copeland, Google To fully realize its innovation potential, Google encourages all of its employees to think and act like entrepreneurs. arge organizations have enormous innovation potential at their disposal. However, the innovation actually realized in successful products and services is usually only a small fraction of that potential. The amount and type of innovation a company achieves are directly related to the way it approaches, fosters, selects, and funds innovation efforts. To maximize innovation and avoid the dilemmas that mature companies face, Google complements the time-proven model of topdown innovation with its own brand of entrepreneurial innovation. L INNOVATION POTENTIAL The concept of innovation potential is a critical, but often overlooked, element in the discussion of innovation; defining and understanding this potential is important because it is the source of all innovation within a company. Intellectual. The company possesses significant knowhow and intellectual property in many areas—most notably in crawling, storing, indexing, organizing, and searching data on a massive scale and with an extremely fast response time. Physical. Google has a network of datacenters as well as a variety of custom, open source, and commercial hardware and software to harness this computing power and make it easily and seamlessly accessible to both customerfacing products...
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...important for systems analysts to understand a company's strategic plan? Answer: A strategic plan looks beyond day-to-day activities and focuses on a horizon that is three, five, ten, or more years in the future. Because the firm's IT group will be expected to deliver IT resources, IT managers must understand and participate in strategic planning. Strategic planning starts with a mission statement that reflects the firm's vision, purpose, and values. Mission statements usually focus on longterm challenges and goals, the importance of the firm's stakeholders, and a commitment to the firm's role as a corporate citizen. 2. What is a SWOT analysis? Prepare a SWOT analysis of your school or your employer. Answer: The letters SWOT stand for strengths, weaknesses, opportunities, and threats. A SWOT analysis can focus on a specific product or project, an operating division, the entire company, or the mission statement itself. Strengths – Affordable, comprehensiveness, quality, and growth of online education Weaknesses - lack of financial support for faculty Scholarship Opportunities - international and off-campus study and exchange programs Threats - risk of losing prominent faculty and staff for genuinely better opportunities at other schools. 3. What is an effective way to assess user requests for additional features and functions? Answer: As users rely more heavily on information systems to perform their jobs, they are likely to request even more IT services and support...
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...Final Paper The 5 Steps to a Successful Organization Jacob Dunnichay Indiana Tech University Table of Contents TOC \t "Heading, 1" Introduction PAGEREF _Toc \h 3 Value and Vision PAGEREF _Toc1 \h 4 Direction and Alignment PAGEREF _Toc2 \h 7 Motive and Empower PAGEREF _Toc3 \h 10 Learning and Change PAGEREF _Toc4 \h 13 Leading in Global and Multicultural Society PAGEREF _Toc5 \h 16 Summary PAGEREF _Toc6 \h 19 References PAGEREF _Toc7 \h 20 Introduction For the purposes of this paper, I have chosen to be the owner of a small hotel chain on the island of Put-In-Bay, Ohio. This organization currently has three hotels, two condos, a large house, two bars, and a fleet of approximately 250 golf carts for rent underneath the owners control. This is a business that has been built from the ground up around its two most successful businesses, Put-In-Bay Resort and Conference Center, which has the largest pool bar on the island, the Blue Marlin Bar and Grill, and Edgewater Golf Cart Rentals. By developing these two businesses in the last eight years, a competitive advantage has been built over competitors that were on the island long before our organization. Put-In-Bay, Ohio is a small vacation island located on Lake Erie. Considering the island is only accessible by boat or ferry, the main form of transportation on the island is golf carts. There are many attractions and family oriented activities that make this island a prime location for vacation...
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...Running head: GRADUATE CAREER DEVELOPMENT IN FACEBOOK GRADUATE CAREER DEVELOPMENT IN FACEBOOK Abstract The objective of this paper is to analyse the issue of substandard employee retention rates in Facebook, one of the leading companies in the IT industry, identify the reasons behind it and suggest concrete steps for bettering the situation through an improved Graduate Career Development Plan. The analysis reveals that the main two issues plaguing the company’s young graduates are excessive competitiveness and lack of challenge and development opportunities. Short-term countermeasures include creating a better, more efficient working environment, on personal, managerial and corporate levels alike, as well as ways of instantly increasing immediate motivation levels. The long-term plan suggests restructuring certain key elements of HR management, such as the workplace atmosphere, relations between employees and the management, the company’s organisation on the whole and the objectives set in front of the employees. The scope of the changes is broad and requires substantial resources, but the evaluation methods put in place ensure that a return on investment is achieved when the project is completed and the company restructured. GRADUATE CAREER DEVELOPMENT IN FACEBOOK Introduction The IT sector is arguably the most dynamic global industry branch of today (Dutta and Bilbao-Osorio, 2012). The market cycles of products have been decreased to a tenth of what they...
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...Strategic Leadership In An Organizational Change Process Management Essay 10/12/15 13:51 Strategic Leadership In An Organizational Change Process Management Essay The following essay will critically discuss the role of strategic leadership in an organizational change process using relevant theories and example. The objective of this paper is to come up with a solution of the many challenges that occur in the process of organizational change through implementing proper leadership. Organizational change refers to a situation whereby an organization adopts a new strategy in the way it carries out its activities and management for better or removes a major section or an operational department (McNamara, 2011). Strategic leadership on the other hand refers to the implementation of strategies in the management of workers in any organization. Organizations always go through change, at times gradual and other times drastic throughout their normal life cycle whereby organizational leaders may create change driving forces within the organization. For example, radical changes may take place in an organization leading to structural transformation through which organizations attempt to revitalize business orientations through changing the reporting structure. Other changes, for instance, merger and acquisition, transforming the top management of an organization, reorganization and restructuring of the company may affect the organization culture and processes. Most of these...
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...Western Michigan University ScholarWorks at WMU Honors Theses Lee Honors College 12-10-2010 Harley-Davidson, Inc.: A Strategic Audit Sheila Lenz Western Michigan University Follow this and additional works at: http://scholarworks.wmich.edu/honors_theses Part of the Accounting Commons, Sales and Merchandising Commons, and the Strategic Management Policy Commons Recommended Citation Lenz, Sheila, "Harley-Davidson, Inc.: A Strategic Audit" (2010). Honors Theses. Paper 1853. This Honors Thesis-Open Access is brought to you for free and open access by the Lee Honors College at ScholarWorks at WMU. It has been accepted for inclusion in Honors Theses by an authorized administrator of ScholarWorks at WMU. For more information, please contact maira.bundza@wmich.edu. WESTERN MICHIGAN UNIVERSITY Harley-Davidson, Inc.: A Strategic Audit Sheila Lenz December 10, 2010 LEE HONORS COLLEGE - CAPSTONE THESIS 2 Table of Contents Analysis Business 3 Mission Statement Analysis 3 Porter's Exercise 4 Marketing Strategy 5 Financial Analysis 5 IFAS Summary 9 EFAS Summary 10 SFAS Summary 11 Recommendations SWOT Analysis 12 Portfolio Analysis 16 Corporate Strategy 16 Business Competitive Strategy 18 Business Cooperative Strategy 18 Conclusion 19 Works Cited 20 Harley-Davidson, Inc.: A Strategic Audit Analysis Business Harley-Davidson, Inc., known for its famous bar and shield trademark, is based out of Milwaukee, Wisconsin. It is currently a public company...
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