Citigroup As A Multinational Company

Citigroup has over 200 million customer accounts and does business in more than 160 countries. It supplies deposits and loans, asset banking, brokerage, and wealth management. Citigroup selling strategy is to sell to underperforming and noncore businesses and to refocus on traditional banking.

Multinational Corporation - business enterprise with manufacturing, sales, or service subsidiaries in one or more foreign countries, also known as a transnational or international corporation. These corporations originated early in the 20th century and proliferated after World War II.

Competitiveness has become one of the most important determinants of both prospects and assesses the functioning of the company in the market, and is seen as a determinant development. Competition between companies is an inherent characteristic of a market economy. From the practical point of view it is important to recognize and understand the conditions and factors that have an impact on the competitiveness of enterprises. Drafted the research problem requires a comprehensive approach - including the aspects and characteristics of the MNE, foreign investment importance and competitive advantage.

What is a multinational company? The best explanation of what a multinational company is simply company which operates in two or more countries. With the competition within the global market, exploration for expanding into new markets with products and services is a necessity in order to stay ahead of the competition. Gaining and maintaining a competitive edge in the global business world increases an organization’s chances of a more promising future. In order to consider reaching out into the global markets for a particular service or product, a company needs to be very successful where there company originated. In order to be a leader in the global business world, an organization has to successfully displayed financial control as well as

Businesses today operate an environment that differs greatly from anytime millennia, centuries or even decades ago. The pace of businesses has increased exponentially with the continuous improvement of information technology, telecommunications and geolocation supported by satellites and progressively more efficient modes of transportation and mechanization. The ability to move products globally overnight, increasing levels of automation, and collaboration instantaneously via virtual means has forever changed and reduced traditional barriers businesses face while creating a myriad of new challenges, risks and opportunities.

Multinational Corporations have always been and are currently now under harsh criticism. They are mainly condemned for exploiting resources and workers of third world countries, taking jobs away from the US industry, and destroying local cultures. Although there are negatives of multinational corporations, there are also positives. Business done overseas provides jobs for the people of the host country, improving the standard of living, and transfers technology. Richard T. De George explains moral standards, in five basic theses, that multinational corporations must adhere to in order to maintain corporate ethics.

Prince continued increasing his job performance to improve the service that his team provides to our members. This is demonstrated through collaborating and communicating with other team members across the organization such as NFCU branches and Mortgage Lending, enabling them to timely post funds to our

The recommendations I would make aid in the success to Marchionne’s cultural change are easy to follow yet impactful. First I would advise the CEO to address the company’s espoused values and confirm that all employees are aware of them. Espoused values set the foundation for how employees “interact and represent the organization” (Burkus, 2014). With the organization having to deal with a senior leader who made the decision to put the company in more financial hardship before he was terminated, it would be in his best interest to address this situation along with any other concerns by informing the entire organization on the direction the company will be going forward in. The best approach would be to make these values visibly available for

The prince then finds himself in a sticky situation with the people that put him as leader. The new leader cannot keep the support of those people because it is difficult to meet all of their expectations of improvement. Machiavelli also shows us that the new prince has to handle this softly because he is in their debt. Now that he is in power, the prince has a great risk of losing his new power. Through this notion we can see how a new ruler will always be compared to the former ruler. It is up to the new ruler to eliminate the comparisons made with his predecessor. In order to develop his own legacy, he must structure things differently and change old customs. Machiavelli also highlights how if your predecessor was great, the new ruler must be even better. Machiavelli suggests that new rulers should differentiate themselves from the old, even though people do not always react well to change. In the business world, the same principality is seen for Hollister Co.’s new C.E.O., or in this case C.E.O.s. For instance, pressure was building upon recent C.E.O. Mike Jeffries’s replacement. A new C.E.O. team, Fran Horowitz and Christos Angelids, has been considered to replace Jeffries as head of the Hollister brand. Wall Street Journal clarifies that, “The C.E.O. succession race will likely take years before

Both companies are solid performers on the S&P index and experience stable growth and profits. According to Shetty, “this issue is complex, emotional and evolving…it will take time and leadership (Kranc, 2014). In comparing these two organizations, Citigroup has made a significant effort in establishing best practices and policies in the area of gender diversity and inclusion since 2008. Two of their initiatives, Women Leading Citi and the Women's Leadership Development Program focus on advancing women across the business, fostering a global network, and engaging clients in the effort. Citi’s female global representation at the senior management level rose to 23.3 percent in 2014, up from 22.9 percent in 2013 (Citigroup, 2014). Citigroup is an industry leader in gender diversity best practices. Simon Property Group has kept a low profile on gender diversity, performing marginally in all CSR

The banking industry faces many barriers to globalization. Overcoming cultural differences and dealing with varying regulations and financial systems make it very difficult to establish a truly global bank. Citigroup (or Citi), formed in 1998 by the merger of Citicorp and Travelers Group, is a leader in international banking and one of the largest companies in the world, in terms of assets. In 2010 it had $65 billion in revenues and 263,000 staff around the world

A lot of American companies have invested large amounts of money in foreign countries in order to obtain lands, natural resources, and cheap labor. With these large sums of money large corporations have indirectly gained a lot of influence in the economy of other countries. Large corporations make a lot of money investing in foreign countries but they also bring jobs and capital to these countries that so desperately need them.

Berkshire Hathaway, an American multinational conglomerate holding company, owns a multiple of sub-companies. Managing and hold huge assets, Warren E. Buffett, a investor who needs little introduction as well as the CEO of Berkshire Hathaway, is regarded as one of the most successful and richest businessman. It wholly operates the GEICO, BNSF, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg Diamonds, FlightSafety International, and NetJets.

An Argument Against Citigroup in China Chinese regulations have historically limited the operations of foreign banks, but with the entry of China into the World Trade Organization (WTO), that is all slated to change- in theory. Geographic limitations for foreign banks are to be lifted by December 2006, along with a host of other restrictions that have retarded the growth of Western banks and the Chinese banking sector as a

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”.