...According to Slack and Lewis The working feat that company strategy brings into a business can either ‘build’ or ‘rout’ the business. Because the strategy must ensure that the business can compete (respond to customers’ demands) and the strategy can help device business capabilities to overcome future competitors (Slack and Lewis, 2011). In business, the discernment of end users requirements is based on understanding the order-qualifiers and also to understand the order winners that earn a customer allegiance. According to Jaller and Ullstrom (2008) argued that the order-qualifiers theory and the order-winners theory is an avenue to investigate market request, also associate it with the core business processes and to ensure that the business wealth is used for highly rated business activities. Order winner and order qualifier are jointly time and market driven (Helms, 2006). So what is order-winners and order-qualifiers? In 2008, Jaller and Ullstrom defined Order qualifier as the least features that a business or the business merchandise must exhibit before it is seen as a possible seller or merchant (Jaller and Ullstrom 2008). Order qualifiers are those intrinsic traits that the buyer expects to see in the product before taking into account to buy them. These traits can also been known as bait that lure the end users to consider the product. While order winner is defined as those distinct traits that will triumph in the bid or make the business superior than their opponent (Jaller...
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...| C. | How are we going to get there? | D. | When will we know we are there? | E. | All of these | | 2. | A company's strategy consists of A. | actions to develop a more appealing business model than rivals. | B. | plans involving alignment of organizational activities and strategic objectives. | C. | offensive and defensive moves to generate revenues and increase profit margins. | D. | competitive moves and approaches that managers have developed to grow the business, attract and please customers, conduct operations, and achieve targeted objectives. | E. | its strategic vision, its strategic objectives, and its strategic intent. | | 3. | The competitive moves and business approaches a company's management is using to grow the business, compete successfully, attract and please customers, conduct operations, respond to changing economic and market conditions, and achieve organizational objectives is referred to as its A. | strategy. | B. | mission statement. | C. | strategic intent. | D. | business model. | E. | strategic vision. | | 4. | A company's strategy is most accurately defined as A. | management's approaches to building revenues, controlling costs, and generating an attractive profit. | B. | management's game plan for growing the business, attracting and pleasing customers, conducting operations, and achieving financial and market performance objectives. | C. | management's concept of "where...
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...therefore the banking value chain starts from the market side. The value process starts with advertising a newly developed product or service to the market. Secondly, the product/service is sold to customers, e.g. the credit contract will be signed by the customer. In a third step the product will be provided to the customer, e.g. the credit amount is paid to the account of the customer. Finally the corresponding transactions, like payments, clearing & settlement transactions etc. will be processed. The distribution part of the banking value chain consists of marketing and sales activities. Marketing includes promotion and advertising activities, branding the firm name/products/services and sales support. Sales consists of multichannel management (sales force, internet, call centers, branches), acquisition of customers and offering/pricing. The distribution part of the banking valuechain consists of marketing and sales activities. The value activities from products include the product development process as well as the provision of the product itself, e.g. the payment of the credit amount to the client. All products of a bank can be subsumed under the terms funding, investment and services. The financial intermediation business is reflected in the “funding” and “investment” parts of the product activities. The transactions part of the value chain is processing products and services offered by the banking industry....
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...A Battle Against Cheating When students were at middle school, they were told that the only way to gain success was through hard working. As a student, you should work hard to get good a grade. As an employee, you should work hard to get a promotion. This is a classic American dream: as long as you work hard, you can always achieve your dream no matter what backgrounds you come from. However, reality seems to be disappointed. Working hard is not the only way to get ahead any more. Those who work much harder seem to be less successful than those who work less hard but know how to play tricks. Cheating is a secret weapon that could make you move forward. It is becoming more common, tempting and covert than it was fifty years ago. It is the time to hold our remaining virtues to fight against unethical behaviors. We should identify factors that have led to the phenomenon of cheating and then seek effective ways to conquer it. In their book Final Accounting, Toffler and Reingold (2003) talked about how the world once greatest accounting firm Arthur Andersen cheated together with its clients to mislead investors and eventually collapsed after being disclosed many astounded accounting scandals of the firm. Toffler and Reingold (2003) pointed out that people tend to blame such cheating scandals to a few bad individuals. Whereas, it is the culture that should take the responsibility. It is the corrupting culture that makes cheating an attractive way to get what you want (p.204)...
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...their lipper categories On business of asset management unit, Richard chambers, head of us and eoropean marketing, had given investor psychology a central in the branding of the new funds By Q3 2006 total assets under management was 20 billion from 100 million in 1Q 2003 Jp mogran broken down to: Private bank, focusing on wealth management for the most affluent clients End of 2006, 1.15 trillion of assets under supervision, and 847 billion under management Private bank built portfolios, asset management delivered individual building blocks Behavioral Finance JP morgans benahviroal finance began in 1992 in london 2/3 of 76 billion in behavioral finance products was in non-us stocks. First fund, premier equity growth, formed in 1992 by Andrew spencer Beat benchmark 9 of 10 years Complin took over for spener Cheap stocks outperform expensve tstocks Best recent performers outperformed the worst recent performers JP MORGRAN EMPHASIZED OVERCONFIDENCE AND LOSS AVERSION Believed both were pervasive and persistent in explaining the existence of value and momentum anomalies Overconfidence - “80% of drivers bliece they are better than aveaege) Jpm approach forces our funds to systematically overweight value stocks, Loss aversion – tendency of individuals to seek prive and avoid regret in their decisions. He pointed to disposition effect in a alrge sample, individual investors were twice as likely to sell winning positions, as losers IMPLEMENTATION Stock...
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...According to Daft (2008, p. 4) the definition of leadership has been discussed since ages in the academic environment but scientific studies have started in the 20th century. There are a lot of suggestions about its definition one of which is that leadership is nothing more than a romantic myth – people hope that their problems will be solved by someone’s sheer force of will. One of the popular definitions is “Leadership is an influence relationship among leaders and followers who intend real changes and outcomes that reflect their shared purposes” (Daft, p. 5). Some people cannot distinguish the difference between a manager and a leader. It is well-known that you can be a leader without being a manager. Bennis and Nanus propose that “managers are people who do things right and leaders are people who do the right thing” (Are Managers Leaders, 2011). In order for everyone to be an effective leader they have to be able to find the right balance between moral, social and business characteristics of leadership. According to Yukl (1989, p. 6) an effective leader is generally someone that leads by example and other people just tend to follow because they believe what they do is the right thing. A commonly used measure of leader effectiveness is how well the leader’s group fulfills its tasks and attains its goals. Another indicator is the attitude of followers toward the leader. A very important measurement of the leader’s effectiveness is his contribution to the quality of the group...
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...Research proposal of Project report on “Wealth management” Company: Ing Vysya bank ltd. * Objectives of Research 1. To study banking products and services 2. To study Wealth Management of ING Vysya Bank Ltd. 3. To propose different products for different kinds of customers as per their demographic characteristics. 4. To prepare a risk profile of customers. 5. To participate in promotional activities organise by bank. 6. To analyze whether Indian economic development is creating a broad and competitive wealth management market in India. 7. To discuss the factors that have acted as facilitators and obstructions for the growth of wealth management market in India. 8. From the above three objectives, to derive the potentiality and the future prospect of the wealth management industry in India. * Research Design During the tenure of the internship we are going to use Descriptive type of research design. Descriptive Research, also known as statistical research, describes data and characteristics about the population or phenomenon being studied. Descriptive research answers the questions who, what, where, and how…. Descriptive Research deals with everything that can be counted and studied. The description is used for frequencies, averages and other statistical calculations. Often the best approach, prior to write descriptive research, is to conduct a survey investigation. 1. What: I am going to meet existing customer...
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...[pic] Ecole Supérieure Libre des Sciences Commerciales Appliquées Review of Literature Behavioral Finance Presented to Dr. Mohamed EL-Hennawy Group Assignment Prepared By Albert Naguib Noha Samir Wael Shams EL-Din Moshira Gamil Marie Zarif January 2012 | TABLE OF CONTENTS | | | |List of Table………………………………………………………………………….. | |List of Figure ………………………………………………………………………… | |List of Abbreviations/Acronyms ……………………………………………………. | |Introduction……………………………………………………………………….. | |2. Appearance of Behavioral Finance…………………………………………………… | |2.1. Important Contributors…………………………………………………. ………. | |3. Behavioral Biases…………………………………………………………………… ...
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...ROBERT P. MILES Warren Buffett’s 24-year-old wallet was recently purchased for $210,000 at a charity auction because it included a stock tip. But before Buffett sent his wallet to the winning bidder, he removed a significant and personal item that reveals 10 secrets to his extraordinary wealth-building success. A t a recent auction for a girl’s charity, Warren Buffett’s Wallet was won for a bid of $210,000 because it included a stock tip. Before he sent his 24-year-old wallet to the winning bidder, he removed a significant and personal item that reveals many secrets to his extraordinary wealth-building success. What was the item? I’ll tell you in a moment. First, let me take you back to 1969. At this time, Warren Buffett was in the process of liquidating his Buffett Partnership and focusing his time and energy on building the holding company that’s known today as Berkshire Hathaway. And one of the first businesses he purchased as a wholly owned subsidiary of his new conglomerate was the Illinois National Bank, which was, at the time, the largest bank in Rockford. One of the things that makes this purchase particularly interesting is that, viewed over time, the purchase and management of the bank provides an almost picture-perfect example of the ten investment and management principles that have made Buffett the world’s greatest investor. SECRET NUMBER 1: Invest in an old economy company that’s a leader in an industry you understand. Banking may not...
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...Chapter one, What is Strategy? • What is our present situa4on? – Business environment and industry condi4ons – Firm’s financial and compe44ve capabili4es • Where do we want to go from here? – Crea4ng a vision for the firm’s future direc4on • How are we going to get there? – CraBing an ac#on plan that will get us there The Strategy-‐Making, Strategy-‐Execu4ng Process 1 WHAT IS STRATEGY ABOUT? • Strategy is all about – How to outcompete rivals. – How to respond to economic and market condi4ons and growth opportuni4es. – How to manage func4onal pieces of the business. – How to improve the firm’s financial and market performance. WHY DO STRATEGY ? • A firm does strategy: – To improve its financial performance. – To strengthen its compe44ve posi4on. – To gain a sustainable compe44ve. advantage over its market rivals. • A crea4ve, dis4nc4ve strategy: – Can yield above-‐average...
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...Intro to Finance and Corporate Structure FNCE 604 Week 1 Professor Michael Kinnen Introductions Name Background Expectations for this course Post-degree goals 2 Who are you and where are you going? Goals for this class To give you the capacity to understand the theory and apply, in real world situations, the techniques that have been developed in corporate finance. Motto for class: If it cannot be applied, who cares? 3 To give you the big picture of corporate finance so that you can understand how things fit together. Motto for class: You can forget the details, but don’t miss the storyline. To show you that corporate finance is a blast! Motto for class: Are we having fun yet? The Balance Sheet Model of the firm Managerial finance focuses on three decisions: In what long-term assets should the firm invest? This question concerns the lefthand side of the BS 4 How can the firm raise cash for its required expenditures? This question concerns the righthand side of the BS How should shortterm operating cash flows be managed? This question concerns the upper portion of the BS The capital budgeting decision The capital structure decision Net working capital decisions Cash flows are king! The most important job of a financial manager is to: Create value from capital budgeting, financing, and net working capital activities. 5 How do managers do this? Buy assets that generate more cash than they cost Sell bonds, stocks, and other...
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...Stakeholders in Implementing a Quality Management Process The Role of Stakeholders in Implementing a Quality Management Process Stakeholders are valuable assets in growing wealth within an organization. Understanding the power and influence that stakeholders may exert is important when conceptualizing the quality management process. The implementation of a quality management process requires developing a quality-based culture that emphasizes stakeholder involvement and teamwork. The traditional internal process orientation failed to identify stakeholder needs and expectations. Knowledge and management of stakeholder relationships enhance operational competitive advantage (Foster & Jonker, 2009, p. 5-6). Understanding these relationships assist management in defining the applicable quality standards and procedures to attain its objectives. Identifiable in two groups, stakeholders have interest, rights, or ownership in an organization and its activities. Managing stakeholders and addressing their needs is important to successfully implementing a quality management process. The role of stakeholders in implementing a quality management process varies and is dependent on the degree of ownership in their control. Project management and senior leadership of organizations should understand that stakeholders require integration into their business model to add value as a self-regulating mechanism. Project management implementing a quality management process must understand that stakeholders...
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...transparent and accountable manner. The result of this approach is that these businesses often establish better practices within their operation, create wealth and improve society (Nickels, 2009). In the past, businesses principally concerned themselves with winning in the marketplace and little else as they believed this was their sole role. Economists had been quoted as declaring that the only responsibility of any business is to make money and please its shareholders. Economists may view companies who practice in CSR as wasting resources and money that should be used in making more profits for their shareholders CSR is no longer defined by how much money a company contributes to charity, but by its overall involvement in activities that improve the quality of people’s lives. Corporate responsibility has come up as an important subject matter in the international business community and is increasingly becoming a conventional activity. There is mounting recognition of the significant effect the activities of the private sector have on numerous stakeholders like; their workforce and clientele, the society, the environment, competitors, business associates, investors, shareholders, governments and others. It is also becoming increasingly clear that organizations can contribute to their individual wealth and to overall community wealth by taking into account the effect they have on their environment when making decisions (Anderson 1999). Corporate ethics dictate that businesses...
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...Professional Experience Situation Executive managers such as a CEO may be more interested in maximizing their own wealth that the company’s stockholders wealth and as a result pay themselves excessive salaries (Brigham & Houston, 2013). Excessive and hefty incentive compensation practices may be one of the key contributing factors to the global financial crisis and the healthcare industry is not immune to this type of corporate exploitation. Hospitals across the region are cutting staff, patients may not be provided with the best care and/or medical equipment necessary for treatment, elected officials are considering slashing Medicaid and Medicare funding, and medical bills are driving an increasing number of people into bankruptcy. But the six- to seven-digit compensation packages for the chief executive officers who lead taxpayer-subsidized hospitals remain untouched and in most cases are growing. As such the case with a local non-profit community hospital that I practiced critical care nursing in which the CEO made more than $1 million in bonuses in addition to his salary while the hospital laid off nurses, closed down nursing units, and continued to use outdated and poorly functioning medical equipment. Financial practitioners and scholars emphasize the crucial role that executive compensation plays in encouraging executive managers to focus on the company’s mission and financial objectives (Brigham & Houston, 2013). Hospital executive salaries are growing at about...
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...Good governance in Kautilya's literature is aimed at fulfilling the welfare of the people. "In the happiness of the King's subjects lies his happiness, in their welfare, his welfare." The jargons related to Financial & Human Resource Management were not prevalent then, but its essence was widely observed in Kautilya's writings. "The King should look to the bodily comforts of his servants by providing such emoluments as can infuse in them the spirit of enthusiasm to work. He should not violate the course of righteousness and wealth. Thus, he shall not only maintain his servants, but also increase their subsistence and wages in consideration of their learning and work." Kautilya said that good governance and financial stability go hand in hand. According to him, there is stability if rulers (managers) are responsive, responsible, accountable, removable, and recallable, otherwise there would be instability. Clearly Kautilya's Arthashastra provides many valuable lessons to be learned by the present day rulers, managers and administrators. What is surprising is that what he taught about 2,400 years ago is equally, if not more relevant, even today. His vision and farsightedness, revealed in his text, is a precious gift to mangers and management education. Themes Roger Boesche describes the Arthaśāstra as "a book of political realism, a book analysing how the political world does work and not very often stating how it ought to work, a book that frequently discloses to a king...
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