Program & Batch: PGDM 2014-2016 Term: Second Course Name: Organizational Dynamics Name of the faculty: Bindu Gupta Topic/ Title : Citi Bank Original or Revised Write-up: Original Group Number: 2 Contact No. and email of Group Coordinator: +91 9811220551 14ftadritaguha@imt.ac.in Group Members: Sl. Roll No. Name 1 1401-01002 Abhinay Gondotra 2 1401-01011 Adrita Guha 3 1401-01110 Saikiran Polinati 4 1401-02049 Himanshu Goyal 5 1401-03034 Arpit Negi 6 1401-03049 Chetna Bhardwaj 7 1401-03131 Rajat Anand Table of Contents 1. Brief History of Company 2. Vision, Mission and Values 3. Services/Products 4. Analysis of Environment for the company using the Environment Uncertainty Framework 5. Expectations of Different Stakeholders …show more content…
During the 1970s Citibank pioneered as the first U.S. banks to have introduced the automatic teller machines, in order to give a 24-hour access to their bank accounts. Customers could use their existing Citicard in this machine to withdraw cash and make deposits regularly. In April 2006, Citibank had accidentally struck a deal with the 7-Eleven to stall its automated teller machine (ATMs) in about more than 6,700 convenience stores across the United States. Online Banking: Citibank.com was registered in 1991, making Citi a pioneer in online banking too. Existing on the internet years before the World Wide Web was launched was a speciality of this. Initially it was used for email and other sundry internet interactions, but during 1995, Citibank pioneered online access to their customers’ bank accounts. At first access was through a software distributed on a floppy. Afterward of the creation of the World Wide Web, Citibank offered browser-based access as a major highlight. This made Citibank one of the longest and finest term financial residents of both the internet and the World Wide Web together, being one of its
Wells Fargo has been in business for over 160 years and was founded on March 18, 1852, by Henry Wells and William Fargo. The company opened its first office, in San Francisco, on July 1852. Wells Fargo served the West with banking needs, which included gold and paper bank drafts, and offered quick delivery of gold or other valuables. In1855, the first of many financial dilemmas took place when a drought made it impossible to mine for gold, and this caused almost 200 businesses in San Francisco to fail, but Wells Fargo didn’t fail, they prospered. In the early1860s, Wells Fargo acquired almost all the stage lines from the Missouri River to California, giving them a monopoly on transcontinental delivery services.
The Great Depression was devastating to many people. From 1929 - 1939 life was a struggle. This all began when the stock market crashed in 1929 causing a great effect on people. Most stopped using banks and no longer trusted them. Jobs were scarce and people looking for them were plentiful.
This day and age, change has become the new norm that shapes and develops the business world and global economy. A rising topic that has shepherd the direction of innovation is climate change and environmental awareness. The sustainability of a company encompasses their ability to manage social and environmental risks, obligations and opportunities. This concept is important for managers and to understand and implement because of government regulations and potential cost efficiency. In Oregon, there are numerous companies that express the importance of being sustainable.
One of the most overlooked, yet integral inventions of the Second Industrial Revolution was that of the cash register by James Ritty. This invention may not have been as flashy or exciting as others of that era, but the invention of the cash register revolutionized the restaurant and retail businesses forever. A simple bar owner from Dayton, Ohio had a huge impact of the commercialization of the twentieth and twenty-first centuries. Today, people can still experience the effects of Ritty’s invention every time they purchase food at the grocery store or buy clothes at the mall. James Ritty was born into a family of five children.
Finally, we will review how mobile technology is likely to influence the banking industry in the future. Bank of America, originally founded in 1904 as Bank of Italy merged with NationsBanking in September 1998. Ever since Kenneth Lewis became a CEO in 2001, Bank of America has expanded its business in retail banking, global wealth management, middle market lending, large corporate lending, global treasury services, investment banking and online and mobile banking, which we will discuss, as mentioned before over the course of this essay. (case study) What benefits does mobile banking provide to consumers?
Target corporation has many different location-related decisions to process in more than one aspect. The company must decide on the location of its retail stores, manufactures, and support help. Often the decision to outsource or participate in offshoring can be tempting to a company. Well the impact of outsourcing and offshoring must be examined to ensure that the decision is in the best interest of the company.
Help by Google”. All of those details are meant to be remembered by
I. Strengths of TARGET Corporation Target Corporation is one of the largest and oldest public discount retailing company operate in the United States. The company founded in 1902’s by George Dayton (as also known as Dayton Dry Goods in 1962’s). Target store has a huge store footprint and enjoys considerable brand recognition. Target’s portfolio of owned and exclusive brands is also its strength, which allow retailer to a valuable differentiating lover in high competitive retail environment.
Through the use of innovative technology, Wells Fargo aims at creating new kinds of lasting value for businesses and customers and also increase efficiency for the internal
Introduction Organizational Behavior is the field of study which investigates the impact that individuals, group and structures have on behavior within the organization. We are born in an organization, we live, we work and most probably we will die in an organization. Yet most of us do not understand how people function, behave and interact between each other within these organizations. We also do not understand if people shape an organization or an organization shapes people. Different people work differently in different situations.
The use of communication and unity are the key characteristics for a well- run organization. This reenterates the statement made by O’Toole and _____ involvement from managers enforces subordinates to move forward in a more suitable manner. Consequently organizational structure is necessary for a well implemented
BODY This Case clearly point out the change of in mind set of technology with cost saved with the use of computers in the workplace. With the increasing number of fresher minds that are highly technically skilled, the idea of incorporating Organizational Development should be plan as the different levels of management that are all working together for a common goal, implementation of OD would bring them together to be cost and time effective. What is Organizational Development?
Before I attend to this class, I think Organizational Behavior (OB) is a concept how behavior affects the management, leadership and relationship among people in an organization resulting from the meaning of OB word by word. Nevertheless, this assumption was changed after I attend the Organizational Behavior class, which has the subject code BUS 314 thanks to my lecturer- Mr. Nguyen Dinh Hoang, who put huge efforts to inspire me to learn this subject. At the beginning of this course, he drew an overview of Organizational Behavior, is a field of study that explores the impact of three determinants: individual, groups and structure of an organization.
Employees are the most important part for any organization. They are the associate degree and are the integral part of the organization, without the employees the company cannot imagine to grow and cannot additionally be ineffectual to realize something not even a single goal of the organization. Turnovers lead to more turnovers. Herd mentality is what men and women
Introduction of company background Syarikat Mudim Sdn Bhd was founded by Haji Zakaria Bin Arshad were also known as Mudim Zakaria who starting by selling traditional medicines at the village in a small scale of business. The businesses growth well with the hard work it is doing. Later, in 1987, Haji Zakaria managed to add a line of products with a soy sauce manufacturer. The development and progress of Syarikat Mudim Sdn Bhd were also supported by his son, Shaarani Bin Zakaria who has now taking over in manage the company of his father. Syarikat Mudim Sdn Bhd has been established since 1987 in the state of Kedah.