Part Two
INTRODUCTION OF INDUSTRY & COMPANY
2.1 Introduction of company/organization
Bank in general is meant an institution established by law, which deals with money and credit. So it deals with money, receiving it on deposits from customers, honoring customers drawing against such deposits on demand, collecting cheques for customers and lending or investing surplus deposit until they are required for repayment.
“The banker’s business is to take the debts of other people, to offer his own in exchange and thereby create money”.
Crowthier,
The bank started its banking services from Magh 6, 2042 after registration in the company act, 2021 and Nepal Banijya bank act 2031. The French partner (holding 50% of the capital of NIBL) was Credit Agricole Indosuez, a subsidiary of one the largest banking group in the world. With the decision of Credit Agricole Indosuez to divest, a
…show more content…
It is done to understand the external and internal environment of an organization. The forces in the external environment provide opportunity and threats whereas the forces in the internal environment provide strength and weaknesses. The major discoveries of SWOT analysis of NIBL (Lagankhel Branch) are as follows:
Strength
Strength is an inherent capacity which organization can use to gain strategic advantage over its competitors.
• It is an ‘A’ class commercial bank.
• The bank’s ATM/Debit Card can be used in many ATMS throughout the country. ATM Card of NIBL has also stretched to India.
• Superior quality services to customers and working atmosphere is also nice.
• The bank has wide range of services that suits need of customer. For example: Bill Payment, locker facility etc.
• The management teams are highly qualified and well experienced in their work.
Weakness
Weakness is an intrinsic limitation which produces a strategic disadvantage for a business organization in relation to its
6.1.6 1. The centerpiece of the U.S. economy is its banking system. A. Banks in the U.S. practice fractional reserve banking. Explain what this means. (4 points)
In turn, Travelers neglected to maintain finances, and Weill fired Dimon as a result of such competition (Hitt, Ireland & Hoskisson, 2012). Therefore, the Traveler's suffered a business loss with the outcome of Weill's firing of Dimon. Although, there are positive advantages to a general partnership like the buy and sell relationship which benefits the purchasing of stocks and purchasing methods for the business (Peterson & White, 2000). In other words, the value of stocks according to the business shares costs between partners when beginning a business. Despite the benefits of general partnership Jeb and Josh would have benefited with either a limited partnership or tenets in common, so both could share in the profits but have limits in liability to one another's
The weakness in the SWOT analysis looks at the internal factors that can lead to competitive disadvantages to the organization and gives the organization areas were they could improve those areas. When looking at the San Diego Chargers, they have weaknesses in both the organizational and team department. Their team weakness are they haven’t been good on the field over the past six years by only making the playoffs only once in those six years which is hard for the fans to cheer for a team that hasn’t been good recently (“San Diego…”). The core players of the Chargers are getting towards the end of their careers and will need to rebuild the team in order to get competitive again and will be hard to get fans to keep coming to the games with a stadium that isn’t up to par of NFL stadiums. The Chargers have recently made a head coaching change to get back to winning but it hasn’t
JB Hi-Fi is an Australian retailer or seller of consumer electronics, as well as a supplier of video games, Blue-rays, DVDs and CDs either second hand or brand new. It is a chain store which its headquarters are located in Melbourne. https://www.jbhifi.com.au/General/Corporate/Consumer-Matters/ Over the years JB Hi-Fi has grown rapidly beginning from just one, JB Hi-Fi now has two hundred and ten stores across Australia.
Strengths are the features of the business and internal capabilities that allow the company to operate more effectively than their competitors and help to reach its objectives , such : distinct product quality , marketing expertise , good location and other , for example : United airlines have a good reputation and this is a strength of the company .Weaknesses are internal limit that may limits the company’s ability to achieve its objectives , such : bad location , poor quality product and other , for example : United airlines have a lack of resources and this is a weakness of the company . Opportunities are external factors that may help the company to exploit to its advantages , such :demographic changes , economic claims , new technology and taste of customers , for example : in the holidays , people often want to travel , so United airlines provide a good offering to attract more travelers . Threats are emerging or current external factors that may challenge the company’s performance , such as : economic crisis , taxation and competitions , for example : United airlines have a many competitors that may challenge the company’s abilities to attract more customers . as I’m the owner and managers of United airlines ,first I will look at my own internal strengths for example : United airlines are a very trusted brand and Has an employee strength of over 85,000+ . While my own internal weaknesses
In order to increase the loss reserves of AIG, Greenberg (the CEO of AIG) invited Ferguson (the CEO of General RE) to do an unusual deal by taking advantage of both subsidiary companies, which were NUFIC (the subsidiary of AIG) and CRD (the subsidiary of General RE). In the dealing, both parties agreed that CRD was to pay a total of $500 million to NUFIC, whereas NUFIC was to provide $600 million of reinsurance coverage. The payment of $500 million represented that two subsidiaries would enter into two contracts where each contract was paid in different times.
The SWOT analysis is used to evaluate the organizations internal
This paper will illustrate how the acquisition merger of BI and A, with opportunity for growth failed profitability. BI is known for academic research and teaching and A was known for surgical specialties and
SMART marketing objectives for a hospitality and tourism business: From the brief meeting, Mr Ramesh summarized the main objectives of the Village Hotel Bugis will coincide with the Group’s mission statement. (i) To develop an enterprise and operate the businesses by serving with grace and love, integrity and honesty (ii) To inspire better lives to all stakeholders using the core values of BUILD (iii) To market VHB is a destination of pleasure and business with its unique characteristics of its locality. 2. Marketing plan development for a hospitality organization: Marketinng audit ( PEST ): PEST analysis is a simple widely used tool that helps to analyze the Political, Economic, Social- cultural, Technological changes in the business environment. Let’s see how The Village Hotel uses PEST analysis to their business.
It also diversified its revenue base with centralized procurement. It was taken over by AstraZenece Plc in
Strategic Tools SWOT analysis SWOT analysis is an evaluation of the Strengths and Weaknesses and Opportunities and Threat of the business in connection to the internal and environmental elements influencing an element so as to build up its condition prior to the preparation of a long term plan (Tim Berry, n.d.). It is an effective way to recognizing the strengths and weaknesses of the company and analyzing the opportunities that available for the company and the threats that the company confront. Existing organization can know what they need to change and respond through using SWOT analysis and new organization could use SWOT analysis to investigate the existing business world and think what the new organization could do to compete with the
However, the threats and weaknesses necessitate strategic changes that will enable them to continue sustaining their
And we have used the SWOT analysis tool to analysis the strength, weakness, opportunity and potential threat of the existence for the firm can adjust the enterprise resources and strategy to reach to the better purpose of the company