America Competitive Advantage

America was founded as a place where people could have life, liberty, and the pursuit of happiness. There are, however, a few things that made America struggle or even weak in the beginning. There are also some events that allowed those flaws to be brought to light. One being the War of 1812. There were many Americans who felt that the British were once again being too controlling of them. This event was caused because of a flaw in the American system. The government had failed to established and enforce a reasonable and acceptable solution to the problem of unfair and improper trading between the British and Americans.

I believe that the United States has opportunities that will help increase the national competitive advantage that it has over other countries in the world because the United States is finding ways to manufacture goods at a high rate to satisfy the needs of the consumer. I find that businesses such as Honda and Toyota have to compete at a high level in order to attract the services of the consumer who is looking to buy a new car that they feel they are wanting to have for a long while. They will usually innovate with new car models that will necessarily have new features that the predecessor before it didn't have and will be able to negotiate a deal with the consumer to buy it. I find that companies will use under-handed techiques to try and

I believe that Bank of America will succeed because they do not restrict leadership styles within the company.

Bank of America is the largest US bank founded in 1904, it has expanded through several acquisitions. By the end of 2009, Bank of America was the market leader serving 82% of the US population and over 53 million customers. They are positioned as number one in online and mobile banking. Their mobile banking services were launched in 2007 and have gained 4 million customers in less than three years. Acquisitions made by Bank of America prior to the financial crisis caused a very strong drop in their stock price.

What sets America apart from any nation in the world is that it never settle. America, at times, has had the tenancy to spent too long in the darkness of satisfaction and despondency, but never has it settles in shadows. Every single time America has fallen or been knocked down, it has never failed to rise from defeat. It may take months, years and even decades, but America never stops pursuing the perfection of the unparalleled ideals it was founded on.

I've always been a calm and collective individual, favoring the slow and calculated approach to problem solving, assuring the problem is achieved to maximum success. As such, I'm the kind of person to try everything first hand, in order to find out the true best way in order to accomplish a task, despite what a guide may say. However, I also have the intelligence to do so in a productive way. They say you shouldn't reinvent the wheel, and to build upon others success, at some point someone tried just that, and was able to create a 'better' wheel. At the end of the day, it is still a wheel, but it's this innovation that drives the world forward. I'm an innovator. I'll be the guy trying the thing no one thought of, using some method someone dismissed as 'xp waste' and still be able to put some spin on it in order to create something that is better than everything else.

Bank of America thrives off of the premise that they are aiming to enhance the financial lives of their customers. Per the Code of Conduct, Bank of America believes in treating all of their customers equally; they claim to expand beyond expectations to deliver satisfactory customer service; they implement discipline to eliminate financial risks to customers; they pride themselves on acting responsibly; and they strive to help individuals to reach their full financial potential. This company enforces the belief that they honor their ethics fully. This includes making

Over the period of study, the relative strength in the Peripheral South diminished as the Republican Party became more competitive in the Deep South. Over time, one should see both the national and state indexes increase with the state party index lagging behind the national party index. While this is far from definitive, it supports the findings of some scholars who say that the increase in Republican Party competitiveness started at the national level and went to affect the competitiveness of elections to lower level political offices. A major reason that the state score index lags behind the national index is that the state index includes state legislative offices (and not votes as we have for the other offices included in the MPI) which

Let’s be honest. America may be the most competitive country in the world though China is rapidly catching up. Competitiveness lies at the heart of what has driven our country to become the best on Earth at so many things. Whether the space race, the arms race, the human genome race, or the rat race, we Americans have been determined to come in first in just about everything we do including, seemingly, bad stuff like obesity, gun violence, and divorce. Now don’t get me wrong; I’m not saying competition is all bad. America’s competitiveness has propelled us to win Olympic gold medals, have the top universities, be the financial center of the world, the leader in technological innovation and medical breakthroughs, and dominate Nobel Prize awards about 40% have gone to the good old USA. And I’m not suggesting that we abandon our competitive ways. To much good would be lost if America renounced its “We’re #1!” ways and decided to kick back and relax.

In recent news, Bank of America publically announced its plan to make changes to debit card customer accounts in 2012 (Chang, 2011, NBC San Diego). To date, Bank of America has a “fee-free” policy on these types of accounts however; new regulations on debit card accounts are a hindrance to the Bank’s ability to maximize return on investments. As a result the bank is considering implementing a surcharge on checking accounts. However, the bank must determine if this will affect the attitudes and behaviors of customers. To achieve this, Bank of America must conduct business research.

In modern times trade between Americans and Asians in the market has increased. After WW2 the resource-lacking country of Japan had two options: find an alternative power source to oil, or trade. It became obvious in the late 20th century, which route they chose. “Made in Japan” used to be plastered over thousands of consumer products in America, and moving into the 21st century, this has shifted to “Made in China”; on almost every item an American buys, they can find the “Made in China” tag. Unfortunately, the Americans educational system has taught people from a young age to scorn such a tag, and they deride the Chinese that can produce cheap socks for them, before quickly placing the item in their carts. Conversely, if Americans were educated on the principles of free trade, they would understand the concept of comparative advantage, and be thankful for the efficient Chinese

Wells Fargo is an international banking company that provides financial services to its customers. As an international, well known company, Wells Fargo is among the many that follow basic business management aspects. For one, Wells Fargo has a competitive advantage over some of the other companies in this type of business. For one, Wells Fargo major advantages is in the retail banking stores. It has one of the highest numbers in stores/spaces and it’s due to its large network allowing Wells Fargo to be a leader in retail banking. Another advantage this company has is the fact that is has had some changes in regulation which has allowed it to increase profits.

philosophy of talent management and development is driven by seven guiding principles that create a mindset that is pervasive across the bank’s executive ranks. They are:

Right now I will be talking about their internal strengths and weaknesses. One of the companies main strengths is how Bank of America is the leading market in the United States. This company has always set the standards for other businesses. Bank of America is also an extremely well planned and thought out product and service innovation corporation. But, Bank of America also has its weaknesses such as deteriorating asset quality, declining net interest margins and weak wholesale banking operations. Every business is going to suffer from some weaknesses because no one is perfect nor going to be

In 1996, Citibank was an emergent banking institution attempting to increase its market share in the competitive Los Angeles area. In order to do so, the bank’s strategy was to focus slightly less on their financial growth, and much more on providing “a high level of service to its customers”. Management viewed this paradigm shift as “critical to the long term success of the franchise”.