...Dubai. (L02- Assessment Criteria 2.2 and L03 Assessment Criteria 3.1) Case Study : Integrating of Strategy and Human Resource Management The experiences of several organizations provide good examples of the integration of strategy and human resource management. One such example is provided by the experiences of People’s Bank, a financial services company headquartered in Bridgeport, Connecticut. Massive changes began to take place in the business environment of banking with deregulation and relaxation of ceilings on interest. Money markets began to drain off funds that ordinarily went into banks’ deposits, forcing them to rely on more expensive sources of funds. Further, the money center banks began to compete in the same middle markets as regional banks. People’s, which was a small regional bank, responded by changing its strategy from a product orientation to one directed toward markets. With a product orientation, products are developed and then markets are sought out in which to sell the product. Conversely, a market orientation involves an opposite approach in that market demands are determined and then products developed to serve the market. As a result of these changes, People’s transformed itself into a diversified financial services company with 139 branches and a fully integrated banking services and stock trading presence on the Internet Because of major changes in People’s strategy, there was recognition that new organizational structures would be needed...
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...such example is provided by the experiences of People’s Bank, a financial services company headquartered in Bridgeport, Connecticut. Massive changes began to take place in the business environment of banking with deregulation and relaxation of ceilings on interest. Money markets began to drain off funds that ordinarily went into banks’ deposits, forcing them to rely on more expensive sources of funds. Further, the money center banks began to compete in the same middle markets as regional banks. People’s, which was a small regional bank, responded by changing its strategy from a product orientation to one directed toward markets. With a product orientation, products are developed and then markets are sought out in which to sell the product. Conversely, a market orientation involves an opposite approach in that market demands are determined and then products developed to serve the market. As a result of these changes, People’s transformed itself into a diversified financial services company with 139 branches and a fully integrated banking services and stock trading presence on the Internet Because of major changes in People’s strategy, there was recognition that new organizational structures would be needed to accommodate the changes. The organization was decentralized, hierarchical levels removed, strategic business units formed, and new senior vice presidencies created within a matrix structure. The bank then conducted a study of the types of employees that would be needed...
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...INSURANCE ADVISORS EFFECTIVENESS FOR PUBLIC AND PRIVATE INSURER: A DEMOGRAPHIC STUDY Krishan Kumar Pandey*Manisha Pandey** Manish Kerwar***Ashutosh Khare**** Dharmendra Singh***** Abstract : Few years back insurance was an arcane word for all of us. Insurance is no longer an unexciting business and the insurance advisor an apologetic salesman. New entries have actually changed the rules of the game in the insurance industry. One such change that has made a huge positive impact in the minds of Indian consumers is the product innovation by the insurance companies. New products are being launched; new distribution channels opened and thousands of sales advisers and managers are being recruited every month. This rapid change is demanding new regulations, new methods of management, new methods of operation and ofcourse considerable development in knowledge, attitude and skills of the workforce. Such times demand business/ output focused people who think widely, are confident about taking risks and decisions and prioritise their own and others’ actions to achieve the business need. Without these attributes the growth pattern that has begun will not be sustained. So are these attributes being developed in people? People know what they should do but they do not necessarily know how to do it. This study is well ahead to evaluate the effectiveness of Insurance Advisors. *, * * Faculty in Prestige Institute of Management, Gwalior * * * , * * * * , * * * * * Alumni, Prestige Institute...
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...Who Killed Barings Bank? Management Principles and Dynamics I. Statement of the Problem What control strategy is appropriate with Barings Bank situation? II. Objectives Find the right control strategy model for Barings Bank to prevent another mismanagement of the bank. III. Areas of considerations/Assumptions A. Areas of considerations a. Corporate culture b. Financial c. Decision-Making d. Leadership / management e. External/Internal environment B. Assumptions a. The Bank’s top officials gives a free-hand to Mr. Leeson to manage the affairs of their Singapore branch b. Mr. Leeson is a great manipulator. c. Top Officials of Barings Bank knows the real situation (financial) in their Singapore branch d. Mr. Leeson gives a lot of money to Baring’s Top Official. IV. Theoretical Framework Financial Control Management of Financial performance that measures the following: a. Liquidity b. Leverage c. Asset management d. Profitability Financial ratios are ratios are useful for historical comparisons within barings banking firm and for external benchmarking. Financial budgets or goals are to be shared with employees and tracked to indicate success or failure...
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...its existence, regardless of our knowledge about it. For that reason, there is no other way to study poverty rather than objectively. Only objective and measurable data can produce scientific knowledge. Interpretivists, alternatively, argue that poverty exists only because people share the same knowledge about it and it cannot exist outside of our minds. It has to be studied subjectively and look at individual case studies, because every person within a particular society has his/her own understanding and perception of the word “poverty”. Both approaches are closely linked to methodology used for measuring poverty. Choice of epistemology directly influences on the type of research that will be conducted. Since positivists prefer to conduct researches objectively, they are more likely to use quantitative methods in measuring poverty. Quantitative research study designs include systematic analysis, randomised control trial, cohort study, case control study and etc (Kanbur, R., 2001). It uses “large scale” samples and tries to exclude any values. Statistical data gathered from researches is reliable and gives a clear view of reality, but wrong correlations within a study can be made. At large, quantitative methods produce hypotheses and show connections between variables. Interpretivists, conversely, use subjective methods of research. Qualitative can be used for examining people’s belief, attitudes and experiences. It doesn’t try to find one objective truth and usually examines...
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...INSTRUMENTS OF MONETARY POLICY IN CHINA AND THEIR EFFECTIVENESS: 1994-2006 No. 187 February 2008 INSTRUMENTS OF MONETARY POLICY IN CHINA AND THEIR EFFECTIVENESS: 1994–2006 Michael Geiger No. 187 February 2008 Acknowledgement: The author is grateful to: Kang Yitong, Yin Xiaobing and Chao Chen from the Graduate School of the People’s Bank of China (PBC) for all the help and discussions during his stay in Beijing, the Deutsche Bundesbank, the People’s Bank of China and the German Academic Exchange Service (DAAD) for making this stay possible, an anonymous referee, Nicolas Schlotthauer and Zhang Bin for their valuable comments. In particular, to Peter Bofinger and Heiner Flassbeck for their helpful comments and suggestions. The views expressed and remaining errors are the author’s responsibility. UNCTAD/OSG/DP/2008/2 ii The opinions expressed in this paper are those of the author and are not to be taken as the official views of the UNCTAD Secretariat or its Member States. The designations and terminology employed are also those of the author. UNCTAD Discussion Papers are read anonymously by at least one referee, whose comments are taken into account before publication. Comments on this paper are invited and may be addressed to the author, c/o the Publications Assistant, Macroeconomic and Development Policies Branch (MDPB), Division on Globalization and Development Strategies (DGDS), United Nations Conference on Trade and Development (UNCTAD), Palais des...
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...Introduction It appears that the concept of quality of life is fast becoming a popular concept worldwide including Nigeria. At first sight, quality of life is a simple, straightforward construct. Most people have a reasonably clear idea of what sorts of things would enhance their individual quality of life (and probably the quality of life of other individuals too). There is an adage that says, “He who wears the shoe knows where it pinches”. The quality of life of a person is what he/she perceives it to be. For example, higher pay; longer holidays; more satisfaction in our working lives; time to pursue enjoyable and satisfying leisure pursuits; emotional fulfillment in relationships; and having a long healthy and happy life – all within a safe, caring and supportive local community are among the things people conceived as what could improve their quality of life. Quality of life in the rural setting according to Phillips (2006) is a multifaceted phenomenon determined by the cumulative and interactive impacts of numerous and varied factors like housing conditions, infrastructure, access to various amenities, income, standard of living, satisfaction about the physical and social environment. According to this author, the two indicators of quality of life which are subjective and objective are pointing to two different things. Subjective indicator focuses on pleasure as the basic building block of human happiness and satisfaction of quality of life. However, the objective indicator...
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...losses using customers’ deposits. Once the news of the collapse hit Edinburgh the system of trust which had kept the credit structure afloat was gone. The Douglas, Heron & Company, operating as the Ayr bank, was established in Scotland in 1769 based on the scheme championed by Scotsman John Law. Law believed that confidence was the basis of credit. Before this paper money had to be backed by gold, he felt banknotes would be just as valuable as coins of silver and gold. This made credit very risky as it now became dependent almost solely on confidence. Virtually overnight the bank handed out excessive loans to their privileged customers, with little or no collateral. Several branches opened throughout Scotland, its main aim was to enhance and support the expansion of agriculture, trade and business. The bank brought with it a sense of optimism and confidence which led to customers overlooking the unlimited liabilities they faced on borrowings. Many of the banks customers were speculators involved in both American and West Indian trades, especially tobacco and sugar. A discovery after the bank collapse showed that many of the company’s directors were closely connected to these speculators and oversaw the transfer of funds, creating mutual credit agreements. The bank spent a year after the collapse of Neal, James,...
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...financial crisis of the past five years. Given the current indebtedness of many governments because of the global financial crisis and rising inflation, it is necessary to study the inflation-linked government bonds in order to remove the uncertainty of future inflation rate. Also it is important to analyze the opinion of the academic community towards policy framework and understand the perspective and vision of implication of policy, to focus and highlight the recommendations and suggestions based on the policy framework, implications, and functioning keeping in mind each and every section which may have positive or negative impact of the policy. Rationale for selecting the project (policy) Traditionally, in uncertain times, gold was considered the safest investment option - a liquid asset which promised better returns than most instruments. As India's policies started faltering, investors started flocking to gold. This gold rush has added to India's already increasing current account deficit (CAD). That has had a snowballing effect, which has exposed India's weak macro fundamentals. Now, to accustom Indians away from investing in gold and to restore investor confidence, the government has introduced inflation-indexed bonds. The rationale behind selecting the Inflation Indexed Bonds for the project study is that as...
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...capital and network due to river bank erosion (Field observation). For this reason, in this study, the research problem was loss of social capital, network and role of safety net of the displaced people by River Bank Erosion (RBE). The main objective of this study was to measure the loss of social capital including network due to RBE, to explore the changing situation (social, economic and political) that displaced people face due to loss of social capital including network by RBE, to discover how do displaced people create new social capital including network and to assess the role of safety net to meet present crisis. In the context of socio-economic, geographical and ecological condition, the social capital including network and safety net is more important tool to meet any natural crisis. In this study village, the displaced people lost their material object as well as social capital and network. That’s why this study has focused on social capital including network and safety net programs in the context of river bank erosion. In this research problem, the word social capital has been considered as relationships, connections, links, and affiliations among displaced people and network has been referred as an informal relationship among persons, individuals and groups and safety net has been referred as the roles/programs of government and non government organizations to meet any natural crisis. In chapter one and two, a short introduction, study background and methodology of...
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...Chapter 1 THE PROBLEM AND REVIEW OF RELATED LITERATURE Introduction Poverty is a condition where people's basic needs for food, clothing, and shelter are not being met, which remains at the core of concept today. However, “food, clothing, and shelter” are itself no less problematic than the concept of poverty. Townsend (2010) posited that people can be said to be in poverty when they are deprived of income and other resources needed to obtain the conditions of life such as the diets, material goods, amenities, standards and services that enable them to play the roles, meet the obligations and participate in the relationships and customs of their society. In most developing countries, poverty is more widespread and severe in rural than in urban areas. According to International Fund for Agricultural Development (2011), the largest segment of the world’s poor is the women, children and men who live in rural environments. These are the farmers and herders, the fishers and migrant workers, the artisans and indigenous peoples whose daily struggles seldom capture world attention. Furthermore, Olinto (2013) cited that more than three quarters of those living in extreme poverty are in rural areas and nearly two thirds of the extremely poor earn a living from agriculture. The world of today performs strikingly well in terms of important measurable indicators of human development: nearly all children are immunized, almost all children of school going age are enrolled and attendance...
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...Chapter: 1: Introduction 1.1 Origin of the study: This report is originated as the course requirement of the BBA program under the business studies faculty UAP. Under this program students of this faculty must go through an internship program of 3 months duration. As practical orientation is an integral part of BBA degree requirement, I was sent to IFIC bank, Lalmatia Brunch to take real life exposure of the activities of financial institution from 01, June 2014. 1.2 Background of the Study: Modern banks play an important part in promoting economic development of a country. Banks provide necessary funds for executing various programs underway in the process of economic development. Economy of Bangladesh is in the group of world’s most underdeveloped economies. One of the reasons may be its underdeveloped banking system. Government as well as different international organizations have also identified that underdeveloped banking system causes some obstacles to the process of economic development. So they have highly recommended for reforming financial sector. Since 1990, Bangladesh Government has taken a lot of financial sector reform measurements for making financial sector as well as banking sector more transparent, and formulation and implementations of these reform activities has also been participated by different international organization like World Bank, IMF etc. I was placed in IFIC Bank Limited, for 12 weeks long Internship Program to acquire practical knowledge...
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...neighbors, they share a lengthy history which includes periods of both cooperation and conflict. Their recent histories resemble each other in many ways – both China and Vietnam were colonized (though to different extents) in the period leading up to World War 2. During World War 2, both countries were occupied (though again to different extents) by the Japanese. In the wake of the war, communist insurgencies in both countries were ultimately successful in displacing non-communist regimes which received significant foreign assistance. Given the commonalities of their recent history, it would stand to reason that both countries would have similar experiences during both their Communist and reform periods. However, this has not always been the case. In this paper, I will argue that even though both China and Vietnam have made significant advances in liberalizing their economies, what they have accomplished is often blown out of proportion. In particular, the economies of both countries are still heavily controlled by their respective governments. Though they differ in some ways – for instance, Vietnam has done a better job of liberalizing its banking system than has China, and China’s economic growth has been marked by a steep increase in inequality which has not been seen in Vietnam, they are both fundamentally similar in that many “commanding heights” industries are still controlled by the government. Political Change in China and Vietnam The first article I will examine is Political...
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...CHAPTER ONE: INTRODUCTION 1.1 INTRODUCTION Governments of all political leanings show an interest in their housing sectors, since housing touches people's lives directly. In socialist countries, governments take care of everything including housing. However, capitalist governments are also keen to improve their housing sectors. For instance, both Conservative and Labour governments in the United Kingdom have concentrated on housing at times of closely fought elections demonstrating how important politics has been to public housing investment. In the UK both Conservative and Labour parties attempt to draw as many voters as possible towards them at election time through highlighting this priority. However, despite this political attention to providing housing particularly in third world countries, several problems still face many countries such as providing infrastructures, education, and health care services and Jordan is one of these countries. One of the most important difficulties in Jordan is housing, which manifests itself in a shortage of housing as a result of insufficient finance where the expenditure ratio on housing in development plans decreased from 25.7% in 1970 to 9.1% in 1992 (General Committee of Planning, 1997). In addition, the General Council of Planning report highlights that there are also finance difficulties faced by the housing sector (General Council of Planning, 2002). This research deals with the housing problem in Jordan in general, and discusses...
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...English Track Group C Jin YU Tough Guy Case Study Read through the article, we know that Jeremy Frazer, an associate at the investment bank called Hudson Smith Gordon, was confronted with a challenge. He knew that investment bank is such competitive and cruel field so that he would meet and work with people with different personalities: aggressive, ambitious, and arrogant. He never thought that one day he have to deal with person like Chip Mazey, the vice president of the company, who was known his poor personal skills. For Chip Mazey’s bad manners, Jeremy Frazer’s excitement was diminished quickly during their first meet. Afterwards, he knew that many peers had experienced Mazey’s disrespectful behavior. Nevertheless no one had ever tried to challenge him for his special position in the firm, resulting in an ever worsen working environment. To find the answer why would Mazey act the way he does, firstly we have to analyze Mazey himself. Mazey was considered as a solid banker at Hudson. In the field of investment bank, only those who are outstanding, diligent, think different and focusing on every detail could be a solid bank, which means the numbers of solid banks are very few. In terms of Mazey is such a capable financial specialist, he is so arrogant and self-oriented that he only trust his decisions and indifferent to others’ voices. That is, his special position and his character made him act the way he does. As a leader, Mazey should undertake the responsibility...
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