...Bank of America: Mobile Banking Assignment Questions: 1. How is mobile technology likely to influence the banking industry in the future? 2. What benefits does mobile banking provide to consumers? Why haven’t many consumers adopted mobile banking yet? 3. What is Bank of America’s motivation to offer mobile banking to its customers? What are the associated costs and risks to the bank? 4. What lessons can the bank learn from its online banking operations? What are the costs and benefits of having customers migrate to online banking? 5. How should McDonald and Brown respond to the LOB managers’ request to include more functions in the bank’s mobile app? Bank of America: Mobile Banking Assignment Questions: 1. How is mobile technology likely to influence the banking industry in the future? 2. What benefits does mobile banking provide to consumers? Why haven’t many consumers adopted mobile banking yet? 3. What is Bank of America’s motivation to offer mobile banking to its customers? What are the associated costs and risks to the bank? 4. What lessons can the bank learn from its online banking operations? What are the costs and benefits of having customers migrate to online banking? 5. How should McDonald and Brown respond to the LOB managers’ request to include more functions in the bank’s mobile app? Bank of America: Mobile Banking Assignment Questions: 1. How is mobile technology likely to influence the banking industry in the future...
Words: 325 - Pages: 2
...WCC North America? Critical issues confronting WCC North America is that customers are not satisfied with existing services, they have expressed disappointment. According to case text “In particular customers express extreme dissatisfaction with the order information process” (Bowersox, 2013). The technology that was being used in the WCC North America does not have any sophistication to let customers tracking their order through all the WCC North America operations. There is not enough communication and exchange of data between the departments that enables customers to track the order. Technology that the WCC North America possess does not allow them to monitor inventory or commit to suppliers about materials. Another major issue for WCC North America is most of its division sales are declining except the customer specialty products because of additional capacity that is being manufactured by developing countries is making WCC North America lose sales and has increased cost of distribution and marketing for its products. WCC North America were unable to keep up the pace with changing technology and expansion of global economy. The availability of cutting edge technologies can make any company lower its cost. “The determination of where to focus chemical operations is also becoming increasingly complex as the geographic nature of industry changes economically” (Bowersox, 2013). Due to the economic uncertainties in the world it is becoming difficult to WCC North America to select...
Words: 1360 - Pages: 6
...External/Internal Factors Paper MGT/330 August 1, 2011 Joey Martin External/Internal Factors Paper Functions American Red Cross was founded in Washington D.C. on May 21st, 1881 by Clara Barton. She first hears of a similar organization following the Civil War in Europe. An organization based on volunteer work that provides emergency assistance and disaster relief. The ARC cover five area of assistance, these are: military family assistance, blood support, safety and health education, community service and international relief and development. The Emergency disaster relief helps fire, hurricane, flood and earthquake victims re-establish their lives by providing, housing, food, health education, clothing and other necessary assistance. Their education services provide people with the basic First Aid, CPR/AED trainings along with swimming and lifeguard lessons. The ARC is mainly supportive by volunteers, community donations and other Red Cross supportive programs. Their Mission Statement is “The American Red Cross, a humanitarian organization led by volunteers and guided by its Congressional Charter and the Fundamental Principles of the International Red Cross/Red Crescent Movement, will provide relief to victims of disaster and help people prevent, prepare for, and respond to emergencies. Volunteers play a great role in the organization; they have all ages, backgrounds, gender, helping as instructors, teaching, case managers, administration support etc. They make...
Words: 2066 - Pages: 9
...organization and provide resources to all employees to work towards a common goal of the organization. The key to organizing functions of management will help determine goals along with objectives, responsibilities, and resources. This paper will address two resources, such as knowledge and technology that are key factors in the organizing function of management at Prudential Insurance Company of America. With any organization, knowledge of the customer needs is just as important as the knowledge of the products. Prudential is known for their innovative products due to their knowledge and experience in helping their customers. Prudential Insurance Company of America is one of the largest and well known insurance companies worldwide. Prudential was founded by an insurance agent named John Fairfield Dryden in the downtown Newark, N.J., in 1875. It was the first company in the United States that offered life insurance and industrial insurance which provide funeral and burial expense for all working class. Prudential’s sales expanded from New Jersey to New York and Philadelphia. The growth sales and assets grew to $1 Million in 1885. The company was renamed to “The Prudential Insurance Company of America and later adopted The Rock of Gibraltar as its company symbol” (www.prudential.com). The Rock of Gibraltar is a representation of a symbol known as strength and security that is offered to all customers. For over 130 years, Prudential has continuously provided products that helped all...
Words: 1200 - Pages: 5
...The United States of America is continuously looked at as the land of agriculture. The nation was built by farmers and agriculture. After all, over 900 million acres of land in the nation are dedicated to farming. Yet, the new technology discussed in Tammy La Gorce’s article, “How Does This Garden Grow? To the Ceiling”, seems to be creating an entirely new future for the farming industry. This new way of growing crops seems to be hurtful to the future of agriculture. Although it may strongly benefit the economy and workforce in suburban and urban areas in the future, the very thing the country was built on will ultimately become non-existent. Overall, middle America seems to be in danger if this new technology developed by AeroFarms continues to expand throughout the country. This new technology be present in urban areas throughout the nation, unlike actual farms. This means that there is a quicker delivery and expiration time between AeroFarms and urban businesses. At the same time, AeroFarms has the ability to grow “75 times the crops per square foot of growing space compared with traditional field systems” and uses 95 percent less water. By growing more crops and using a significantly lesser amount of water,...
Words: 478 - Pages: 2
...Title:- To illustrate the 2 different economies in 2 different countries Procedure In this report I will talk about the economies of 2 different countries and they will be America and the Singapore. Then I will compare them both and link them to a business Findings/Content This first country whose economy that is going to be mentioned is the America. The government in America thought that in order for America to make funding and also provide jobs for their people, They should put money in the economy and because of this, the economy hit their lowest point in 1930. Around that time their president chose to design a dam which would be called the hoover dam.Hoover personally believed that by making the hoover dam, they will provide funding in America and make new jobs for people inn the country. America still use this kind of technique right now to expand their country. The idea to invest in the economy in order to increase their economic growth was John Maynard Keynes . John Maynard's Keynes theory thought if the government invested in it economy it would boost the economy. Ways to make sure this happens are opening new businesses so more people will have jobs, also he thought that the government must lower its interest rates because if they are low organisations can extract bank loans more easily and they can also use these loans to develop more outlets, if organisations continue to take out bank loans. This can be used to increase employees wages so employees can...
Words: 1858 - Pages: 8
...The Decline of American Culture In recent years, American culture has degenerated due to the misuse and overuse of recent advancements in technology. Mindless media, to which younger audiences are now immersed, is as prevalent as ever. The accessibility of information has changed the way Americans think and approach questions. Social interactions have been becoming less social. This essay will discuss these significant changes in American culture. These changes are steering America towards the wrong direction by promoting general laziness and disinterest of the real world. Entertainment is a multi-billion dollar industry that is still growing rapidly and becoming an even larger, detrimental aspect of American life. One key element of this industry is gaming. Many consider video games to be a complete waste of time while others recognize intellectual gain of them, however the truth is somewhere in between the two ideas. Steven Johnson argues in his novel, Everything Bad is Good for You, “All the intellectual benefits of gaming derive from [making decisions], because learning how to think is ultimately about learning how to make the right decisions.” This argument is valid and accurate, although a little exaggerated, but is misleading due to the fact that, according to his argument, only decision-making yields intellectual benefit. Therefore, only games that require decision-making are beneficial. This now limits Johnson’s argument since the majority of video games being played...
Words: 1080 - Pages: 5
...wonder how important government support is to innovation. If it is maybe even impossible for innovation to happen in some cases if the government is not behind it. If one looks over some of the innovations over the past few years that the government has been involved in, it is hard to imagine that the world would be where it is at without the government support. It is undeniable that the government plays a big role when it comes to innovation, it can be with direct funding on set policies. The U.S government has been very much involved in science and technology innovation that will help benefit the military. However, in most cases these innovation do not only benefit the military, but the society as a whole. The abundance of new inventions resulting from government funding, such as the Internet, did not just benefit the military. These inventions also drove economic growth. The emergence of venture capital financing and entrepreneurial communities in places like Silicon Valley turned ideas into world-changing products. (Estrin, 2009, p. 55) It is good for the society and the economy as a whole that the government gets involved. The internet, one of the greatest innovations of the 20th century, is a good example of an innovation that the government supported. The government funded that project for roughly 24 years. This long research and development period would not have been sustainable without the big funding or the commitment from the government. But that does not necessarily...
Words: 1134 - Pages: 5
...Three Ideas That May Improve the Performance of Healthcare Abstract This paper explores eight published articles, and one book that report on results from research conducted on three big ideas that represent great opportunities to improve the performance of healthcare organizations. Three articles explain the helpfulness of virtual teaming, two articles and one book explains the benefits of outsourcing, and the last three articles explain why customer relationship management, also known as CRM, is a helpful resource. This paper will define the management practice or breakthrough idea, discuss the expected impact on improved patient outcomes, higher levels of customer satisfaction, and identify the critical success factors associated with implementing these programs in a health services organization. These management practices or breakthrough ideas, in my judgment, will be ranked the greatest, second greatest, and third greatest potential benefit for healthcare organizations. Healthcare is one of the biggest organizations around. Because of its size, and the many departments within a healthcare cooperation there is much need for organization between management, staff and their patients. There are many ways to make sure that a healthcare system operates smoothly. I agree with Martin Van Buren when he stated that it is easier to do a job right, then to explain why you didn’t. In this paper there will be three ideas that may get the job done right such as, virtual teams...
Words: 2450 - Pages: 10
...are economic trends that Bank of America is facing today. According to Rugaber (2011), the Labor Department reported that unemployment benefits adjusted to 400,000, decreasing 1,000 from the previous four months (para.3-4). While in Washington, D. C., Brown (2011), reported that “after months of partisan gridlock, both houses of the U.S. Congress have approved a bill to raise the federal borrower limit and cut government spending (para.1). On the other hand, Touryalai (2011) confirms that Bank of America is seeking immunity in a Mortgage deal with prosecutors that would make the bank pay a hefty fine which would be used toward writing down certain homeowner’s mortgages (para.2). The trends described above are issues that Bank of America and other financial institutions are currently tackling and adapting to as they develop. The following business analysis will outline on how each development is affecting the organizational and operational philosophy of the bank; possible strategies that the bank can use to adapt will also be described; implementation of tactics to address each trend will be elaborated on; how the human resource management plays in helping the company achieve its business goals, and last the analysis will give a summary on whether Bank of America is a company worth to invest in or not. The unemployment trend is an issue that has been going on for the past decade. According to Rugaber (2011), applications for unemployment benefits decreased down to 400,000 from...
Words: 2478 - Pages: 10
...Abstract Indiana is missing an opportunity to reduce energy consumption and CO2 emissions. By mandating decoupling, separating profits from total amount sold, for all energy companies, the state can improve energy savings, increase efficiency, create jobs, and bring new energy technology to the state. The Indiana economy can benefit from decoupling while improving our energy and environment habits as well. With climate change becoming more of an issue, decoupling is the first step in getting it under control. Introduction Energy policy has continued to grow and become a prevalent issue in American society. One reason energy policy is so crucial is because it plays a major role in the global environment. The main way of producing energy in the United States, especially in Indiana, is coal. 1 When coal is burned it releases the greenhouse gas CO2 into the atmosphere, therefore energy policy effects environmental policy. Thomas Friedman and Michael Mandelbaum called the threat of fossil fuels to the planet’s biosphere, through the surge of energy consumption, one of the four major threats facing America today. 2 One energy policy that Indiana should mandate is decoupling. Decoupling will create energy savings, a push for efficiency, and will even have positive spillover effects into other areas of the state economy. Decoupling will help to ensure that Indiana is doing its part, fighting climate change and protecting our environment, most importantly our forests and...
Words: 2086 - Pages: 9
...P3 Describe how the environment and culture of another country affects a business operating internationally I am going to discuss how the environment and culture of India and China affect businesses operating internationally. I am going to use Tesco as an example. Environment: Both India and China have been named as countries with the highest expected growth in the next 50 years. India population – 1.1 billion, 1.3 billion. India is democratic, China is communist. (Businesses in India have freedom of speech and the way they operate their business while business operations in China are very limited by the Government) China is strong in manufacturing while India is strong in services and Information Technology. Strengths of China = Weaknesses of India Infrastructure in India: India’s road network is a barrier to business operations and has been holding industry back which is a challenge that Tesco would come across with if deciding to expand in India as it would make imports into India much more difficult, time and cost consuming. However Indian government has made it a priority to improve the country’s infrastructure and has pledged to build 14km of new roads in the nearer future. Infrastructure in China: China’s infrastructure is top class – one of the best in the world. China spends almost 50% of its GDP on investment towards their infrastructure which include; roads, bridges, trains, ports, technology etc. China has currently approved an estimated $156 billion dollar investment...
Words: 3420 - Pages: 14
...How might the repayable launch aid for Airbus change its decision making on launching a new aircraft? What are the potential consequences for (a) Boeing, (b) airlines, and (c) the profitability of both Boeing and Airbus? Boeing: • Launch aid • Government agencies Airlines: • Price per aircraft • Accommodating runways • Increase in costs The probability of both Boeing and Airbus is: Pull fundin When Airbus originally received government aid in the 1960’s, it was a new enterprise. Today it is the global market share leader in the commercial aerospace business. How do gains in market share affect the legitimacy of claims for subsidies? Over the life of Airbus, it has grown into the global market share leader in the commercial aircraft industry. Gains in market share affect the legitimacy of claims for subsidies and in Airbus’s case as they have gained a larger market share their subsidies have gone down. Eventually these subsidies will almost become nothing as is continues to grow. The government organization do benefit from these subsidies they lend. The space subsidies are repayable with interest so the subsidies are legitimate. Suppose the effect of the legitimacy of the claim for subsidies is going down when the company became stronger. The subsidies have to oppose as the company’s power because of the company become stronger, they do not need to get subsidies. Otherwise, if the company market share loses, subsidies must be increase. The company is a global...
Words: 2434 - Pages: 10
...What Impact Does Technology Laws Have On Business In America? Tracy Bennett Herzing University 02/13/2015 What impact does technology laws have on business in America? We live in a world where laws control how America operates and how our society functions (Arndt, n.d.). We also live in a world where technology has taken over and for many it would be inconceivable to imagine living in a world without technology. Technology has changed the way we live and communicate (Winston & Edelbach, 2014, p. 2). Technology has also changed the way companies conduct business. It has opened up new opportunities for companies to gain more business but at the same time has also created new ethical problems and therefore lawmakers have had to design new technology laws that have had a major impact on American businesses. Technology laws can impact American businesses in a variety of ways from software licensing agreements, privacy issues, and the use of electronic signatures. In order to keep up the pace with changing technology businesses continuously change their operating software (Information Technology Law, n.d.). Continuously changing software programs has the benefit of greater profitability for the company but at the same time it can also create some major problems. Business managers and owners can run into legal issues if they do not fully understand the rules and laws of the licensing agreement which could result in a huge lawsuit against...
Words: 1009 - Pages: 5
...address. * Cuauhtémoc 1250, San Luis Potosí, México CP. 78270 Maps showing location. b. Introduction and strategy. Company history (2 paragraphs). * We are a company that believes in the extraordinary skills and creativity of Mexicans to innovate and develop unique products, with sustainable production systems supporting socially disadvantaged communities by creating quality jobs skills. 3f incorporates the knowledge of Mexican artisans developed over centuries in products with the best technology and quality. What the company does (2 paragraphs about what it does, their brands/products, and which market sectors it services). * 3f is a company developed by young athletes who were bored to train with the same costumes ever. That´s why in 3f we develop products that offers technology, comfort, design, customization and quality; that mean that in 3f you benefit from our disruptive designs and the best technology. You can also customize your team with our amazing designs. Vision statement (what a company wants to be, inspirational, timeless). * Achieve...
Words: 950 - Pages: 4
