...TABLE OF CONTENTS Point of View 3 Background of the Study 3 Areas of Consideration (SWOT) 4 * Internal (SW) * External (OT) Alternative Courses of Action 5 * Corporate-Level * Business-Level * Functional Level Analysis of the Alternative Courses of Action 5 Recommendation 6 Implementation 6 ------------------------------------------------- POINT OF VIEW This study is taken from the perspective of the company, Rural Bank of Galvez. Victor Montes, the Vice-President of the bank, stated that over the years, the bank has never invested in T-bills and is not entirely sure if rural banks are allowed to invest in them. Also, he added that the financial crisis only affects those big businesses in Manila and not the small ones in the provinces. With regards to the past due ratios, he defended that it is impractical to compare the Rural Bank of Galvez to other big banking businesses since their past due ratios tend to go up faster because their borrowers’ have difficulty in paying. Furthermore, an examiner from the Central Bank has been monitoring their performance for many years now and has never raised any questions about their past due ratios. In fact, they were praised for doing so well and for being one of the biggest rural banks in the region. ------------------------------------------------- ------------------------------------------------- BACKGROUND OF THE STUDY Karla Martinez...
Words: 966 - Pages: 4
...fault, and who is it that really suffers in a time of crisis, especially when regarding a work mishap. When the reality is all crisis situations involve everyone, more so when more than one person is involved. Miners need to know what they do matters, not just for the paycheck, but to those they are earning the paycheck for. Mine owners need to know business will pick-up and continue shortly, losing no real revenue for the mishap. Families are only concerned about one thing, the safe return of their loved one. Quite a different gambit of involvement, yet none are more important to the other in the eyes of those involved. Important Messages Of all those involved, families are probably the main focus. One has to wonder just the right way to communicate with so many people, of differing backgrounds, to give the same message. Should the message be given to the group of loved ones, or should this be relayed one-on-one? Considering the magnitude of the situation, a group message seems appropriate; otherwise, differing nuances might create a platform for serious misinformed recipients relating with incorrect information. Families need some type of reassurance. While they may really feel the impending doom of the situation, hope is what carries them through to the outcome. “The key to effective communication is the shared understanding of the information (Cheesbro, 2010).” Knowing...
Words: 513 - Pages: 3
...nod their head. | Man greeting Man - shake and maintain direct eye contact. A firm handshake is a sign of strength and honesty. The handshake is sometimes combined with slight touches on the arms and/or elbows.Good friends and family will engage in a hug combined with a few firm slaps on the back. | Man greeting Man –shake hands while maintaining direct eye contact. Good friends and family will engage in a light hug. Good friends and family may even exchange a kiss on each cheek. | Gift-Giving | Avoid gifts at first meetingGiving gifts of knives, scissors, or letter openers signify severing of a close bond. Clocks, cut flowers and anything in groups of four should be avoided.Gifts should be nicely wrapped and are not to be opened right away unless prompted to. Receive and give gifts with two hands. It is considered polite to refuse a gift several times before accepting. | Avoid gifts at a first meeting. If invited to someone’s house, it is best to bring flowers, wine, and/or chocolate. Do not give anything that is obviously expensive because it could be looked at as a bribe. Expect gifts to be opened right away. Avoid gifts like a letter opener, knives, and or scissors because they mean a severing of relations. | Gifts are not given in business settings, unless there is an important delegation that visits. Something locally made might be given as a souvenir in that case. If invited over for dinner you should always bring a gift. Either a bottle of high quality wine/liquor...
Words: 1885 - Pages: 8
...surrounding regional supermarket chain, Market Basket. A family feud over control of the company led to the firing of the company’s president; non-unionized employees protesting that firing, encouraging customers to shop elsewhere and in some cases, skipping work altogether; aisles void of food and products in Market Baskets all over New England; previously loyal customers refusing to shop at Market Basket and taping their receipts from other supermarkets on Market Basket store windows; and Market Basket losing millions of dollars per day. The Arthur S. side of the family holds 49.5% of the company, while the Arthur T. side holds 50.5%. But the company has a Board of Directors that includes a number of family members, as well as three non-family members. In 2008, a board member on the Arthur S. side of the family “switched sides” and voted with Arthur T., which allowed him to win a board election and become president of the company. In 2013, that same family member switched voting sides again, giving Arthur S. and his family control of the board. Then in 2014, Arthur S. and the board fired Arthur T., replacing him with two co-CEOs, James Gooch and Felicia Thornton. Market Basket employees felt a certain loyalty to Arthur T. and many cited his generous treatment of workers. They were worried that the new leaderships would sell the chain to another business, cut wages and benefits, or otherwise demolish the current business model. This is when the employees, who are fiercely...
Words: 1010 - Pages: 5
...The Miscommunication between the US and India There is a very big miscommunication issue between the US and India. Both sides have piled up plenty of issues against each other. One great thing is the one person who takes out of his busy schedule to mediate between the two countries. This person is Romesh T. Wadhwani, one of the richest Indian American globally and who plays an active role in the communication between the US and India. He states that the two countries needs to communicate better with each other. Mr. Wadhwani is chairman and founder of the Wadhwani Foundation and founder of the Symphony Technology Group, a private equity firm investing in software, internet and technology- enabled service companies, the California native invest a significant amount of his personal wealth towards philanthropic activities in India. The Indian and US dialogue is not the best. The two countries could really use a lot of help when it comes to them communicating with each other. They started a policy program three years ago, there was a sense of much greater promise particularly in the areas of economic development, putting aside geopolitics. But, now there is a feeling of frustration on both sides. On the American side, the feeling is that the Indian policies are too inconsistent in a variety of ways, such as one ministry doesn’t talk to another ministry and nobody steps in to end the confusion or the issues at hand. They are even inconsistency in a way that when the cabinets...
Words: 1002 - Pages: 5
...making your way into the Las Lomas community; Finca Altamira rests on the side of a climbing hill, visible to the public by a small and rustic sign that highlights their name. Finca Altamira is a small, family owned farm that specializes in milk production. Don Enrique, the owner, takes care of most of the daily activities that need to be done in order for business to continue its flow. His wife helps out whenever she can and tends to their small garden, mainly for self – subsistence. They have a variety of fruits and vegetables growing in their garden, but milk is their main source of income. For a few years they produced cheese as well, but market opportunities were not consistent; and so the product had to be discontinued. Finca Altamira is now part of a small association consisting of nine milk farmers that have consolidated their product and now go to market as a single unit. Finca Altamira is where the milk from all farmers is consolidated and stored in a special container to await retrieval. It all starts early in the morning for Don Enrique and his family. The cows need to be milked twice a day in order to make the quota for their regular delivery, which takes place three to four times per week. There is a mutual relationship that exists between the farm and the family. They both feed off of each other and both parties reap the benefits. The family shares a small house to the side of the garden, with the pastures close by. They have a few cottages that hold...
Words: 1753 - Pages: 8
...the live of the business. The one major underlying problem is the lack of central control and power. This can be stated as the lack of effective corporate governance. This problem shows itself over and over in the business. The lack of conformity and strategy, the legal issues, and the splitting of the company are signs of the problem. The symptoms that arise from the lack of corporate governance are obvious, beginning with unclear leadership. The idea of corporate governance is to align the decisions of the managers to best suit the interests of the owners, or shareholders. In the case of Three Generations the owners and the decision makers are the family. The causes conflict of interest early on. The majority owner, Harry and Don after the first transition, are assigned control and given the task to build the business. The problem is that the minority owners, the sisters, have little to no say in the actions of the company. The legal battle that ensues creates a divide in the family, which are the shareholders. The intensions of the sons were to grow the business and the family legacy, but the path to do so was not shared. An alternative they could have used earlier in the process would have been to bring in an outside professional to develop the strategy and carry it out with their interests in mind. They eventually got to that point, but I believe a little too late. Once the company became large enough the family should have backed away from the decision side and let a manager...
Words: 1138 - Pages: 5
...urban dwellers which are ideal for our product. A highly urban population eases promotional tasks by having access to the population through major cities rather than rural area. Out of the approximately 127.5 million people who reside in Japan, 99% are literate and 66.4% work in the service industry. This goes to show us that their employees are well educated and generally earn a good income which goes to show they can afford to spend more. According to a recent survey by the World Tourism Organization, the Japanese take 25 days per year off for vacationing. This is ideal for Bombardier, as our water crafts are primarily going to be used during vacation time (personal use or through resort). In terms of spending at households with two or more persons, a relatively large percentage of spending is towards culture & recreation which is advantageous to our company as our product is for recreational use. The Japanese spent an average of 32,800 Yen on culture & recreation. Furthermore, spending on “durable & semi-durable goods” have been growing faster (3.1 %)...
Words: 2706 - Pages: 11
...practices are what makes jobs just jobs, which lead to stress, lack of motivation, and most of all a high employee turnover rate. However, like a diamond in the rough there are some companies that not only preach but also practice the “ Up Side Down Pyramid Effect “. Ben & Jerry’s utilizes the “Up Side Down Pyramid Effect“ where the Employees are on top and run the day-to-day operations of the business to make it successful. Knowing this CEO’s and Senior Management tend to implement employee empowerment, incentives, and excellent benefits. When doing this, companies like Ben & Jerry’s find that the employee turnover rate is very low and a happy and respected employee is a well productive employee. Thus making Ben & Jerry’s one of the most sought after jobs in America. Creativity, is a major part of the foundation of how Ben & Jerry’s created a benefits program that is unique to the culture, and not just following other companies policies and procedures. This unique program consists of a good comprehensive work plan for domestic partners, health and dependent care flexible spending accounts. Financial Aid is received for adoption expenses, unlimited time off for bereavement for family and non-family members, a family resource program and time...
Words: 1386 - Pages: 6
...Essay on ”Father Of The Year” Morten Hauge Christensen In our world and society, there is a whole lot of different people. A whole lot of different people that fits into different kinds of families. It might be hard to define which kind of family you are a part of, and of course what kind of family member you are towards the other members. And when it comes to another important thing in life called “Work”, which one will be the most important one to you? And will you be able to separate those two parts in a proper way? The short story “Father Of The Year” (2012) by Esther Williams, takes the reader into a real-life episode that makes you ask yourself the same kind of questions. In the story we meet the family dad Dan and his wife Jemma, who are on a trip to Los Angeles with their three children: Grace, Ben and Honey. The primary purpose of the journey is for Dan to get a new job. But just as things are starting to progress, some things might be even more important than family. The short story opens in medias res. The writer captures the readers’ interest by describing the opening scene deeply in details. And even though it is only the parents watching the rain, it is still very catchy and interesting. The events throughout the story is generally placed in chronological order except for a few flashbacks that sometimes appear. Small hints of what might happen are occurring some places in the text. An example could be when Jemma does not look at Dan so she avoids getting...
Words: 945 - Pages: 4
...the business of lighthouse design, so Robert enrolled at the age of 17 to the University of Edinburgh. The lighthouse design business wasn’t what Robert wanted to do but he wanted to help his family. After a short time in the lighthouse design program he decided to go into law school as a compromise with his father. He entered what was called the Scottish bar, which was an organization for lawyers. Around this time in his life he traveled a lot to places like France, Europe, and England all so he could be around young artists while he was still finishing law school. Robert graduated from law school in 1875, he never really put his law degree to use. Stevenson had a good eye for fashion. He adopted a wide brimmed hat, a cravat, and a boy’s coat, which got him the nickname of Velvet...
Words: 1098 - Pages: 5
...for many years. There two sides to this topic and both have a side to be discussed and agree with and disagree. Even tho everyone believe it should be raise there is also another side and should be lowered. Lowering minimum wage sounds pretty harsh but also has its pros and cons. Everyone can have there own opinion and lowering minimum wage is mine. Lowering minimum wage has its reason like if they do reduce it many jobs will be available and hiring workers and likely not outbalance individuals that are making less money. Also, companies that minimize jobs when minimum wage increases, then there is no benefits to hiring more people to work for them, unless they occupy more workers. If minimum wage is lowered it will help people for example it would lower prices and things will be cheaper. If it is lowered it will allow businesses, mostly smaller business to survive during difficult economic problems. Then it will not affect lower class human race to a greater level. Even if they to raise or lower it i think people should still focus on the fact that looking for a job at least and not doing anything but complaining helps. Just like lowering minimum wage has its reason so does raising the minimum wage would also help economy. I support the fact...
Words: 492 - Pages: 2
...My family history is rather colorful on both sides of my family. Both my Mother and Father’s side of the family have a rich history that has been fairly documented through physical and oral tradition. In this paper, I hope to fit in what I can about both sides of my family. Starting with my Father’s side of the family, the Bloomberg’s come from Stockholm, Sweden. My Great-Great-Great Grandfather John Bloomberg immigrated to the United States in the late 1890’s and had their name changed to Blomberg; oddly enough most other Bloomberg's who immigrated to the United States kept their last name the same. He also immigrated with his brother, although not much is known about him. After his brother moved to America, he made his way down to Brazil...
Words: 1647 - Pages: 7
...Negotiating International Business - Mexico This section is an excerpt from the book “Negotiating International Business - The Negotiator’s Reference Guide to 50 Countries Around the World” by Lothar Katz. It has been updated with inputs from readers and others, most recently in March 2008. While some businesspeople and officials in Mexico may have only limited exposure to other cul- tures, many are reasonably familiar with and prepared for doing business internationally. However, that does not always mean that they will be open-minded. When negotiating business here, realize that people may expect things to be done ‘their way,’ in which case you should strive to understand, and occasionally emulate, their behavior in order to gain the acceptance of your Mexican counter- parts. Though the country’s culture is quite homogeneous overall, business cultures differ somewhat be- tween the North and the South. People in the North tend to be more business-focused and often have a high sense of urgency. This may be more relaxed in Southern Mexico, where the stereotypical mañana attitude of conducting business at a leisurely pace can still be found. Relationships and Respect Mexico’s culture is generally group-oriented. Asserting individual preferences may be seen as less important than having a sense of belonging to a group, conforming to its norms, and maintaining harmony among its members. Building lasting and trusting personal relationships is therefore very important to most...
Words: 4521 - Pages: 19
...One may ask, “What’s the big deal?” The big deal is this question, “Is it possible for a family member to the president, to do their job as Senior White House Advisor objectively, considering the fact that her father is the President of the United States?” We can argue a very real case of undue influence when it comes time for Ivanka Trump to make decisions that affect America as a whole, and potentially, the world. According to Wikipedia, undue influence is defined thusly: “...in jurisprudence, undue influence is an equitable doctrine that involves one person taking advantage of a position of power over another person.” (“Johnson v. Buttress”). This is especially true of relationships such as father-daughter, husband-wife, etc. Technically, nepotism is defined by...
Words: 2037 - Pages: 9
