Essay Mellon Strategic Analysis

ASOS is an international fashion retailer, which offers an extensive line of products, varying from high street to

Canadian has become a multicultural country, because the globalization as well as the benefits that Canadian government provided, more and more people are willing to live in Canada, especially in Vancouver and Toronto. Because more people are willing to stay here and also work here, a lot of Canadian company are facing a problem about the cross-cultural communication. In my perspective, the financial institution is the one of the industry that having the cross-cultural communication more often. This is because if neither people want to neither live here nor work here, they have to deal with a lot of financial related issue with banks.

Throughout history the Canadian and American banking systems have always taken separate approaches to the financial sector. There are many factors that influence the differences between the banking systems, some of which including their banking regulations, customer base and the chosen style of banking. All the factors presented have influenced the results of the banking sectors in both countries. Both systems have pros and cons, however the argument presented will reflect and support the benefits and success of the Canadian banking system and its ability to support the Canadian economy throughout the country’s history.

Matav restructure into four business area: business services, residential services, Internet and mobile. The mid-term strategic plan of Matav is: expansion in Hungary; regional penetration; organic growth in existing product lines. Business units operate separate management teams, allowing each unit to focus on their areas of enterprise. They develop mobile services to attract customers in order to pick their product over competitors. Also, Matav was keen to expand through the Balkan region and southeastern regions of Europe such as Bulgaria, Romania, Serbia, due to its well performance in getting the controlling interest of MakTel. Their second target is Montenegro Telecom because

Although, Canada is a close neighbor of the US, its economy did not seem be much affected by the recent 2008 global crisis. For explanation, we need to take a look at Canada’s banking system and regulations. Bordo, Redish, and Rockoff explain that despite of the fact that both countries started out as colonies of Great Britain, their banking systems evolved differently. For example, Canada banking system was created as a system of large financial institutions that evolved into oligopoly due to the entry restrictions, whereas the US banking system was fragmented and fragile. Further, the Canadian banking system had absorbed the mortgage market, investment banking, and was tightly regulated by one overarching regulator. However, the US

The company’s medium to long-term strategy, includes plans to continue expansion in the North American markets mainly in the area of personal and commercial banking. They also

Overall BMO has a small footprint of loyal military customers in bases throughout Canada. Similar market share results can be found in both Petawawa and Trenton markets. Constant but slow growth has been achieved in recent years. Increased competition continues from a variety of sources including other financial institutions and non-traditional banking service providers such ING, PC, Manulife, and many other companies entering the single product space such as credit card offerings. Competition presents a current and long-term threat. BMO must increase and diversify their revenue base to realize ongoing growth and stability in an ever-changing industry. BMO can set themselves apart from the competition by

CIBC has focused its core business on retail and business banking, wealth management, and whole sale banking. They have shown a proven track record of providing there customers with financial services and advice through a group upwards of 1100 branches worldwide. Strategies CIBC has portrayed is to continually find new ways to enhance the experience of the client and to stimulate safe revenue growth. CIBC has put emphases on creating deep meaningful relationships with all clients, constantly trying new ways to improve service and sales prospects and to create relationships with new clients while retaining existing clients for a long period of time (CIBC).

Canada is the world’s eleventh-largest economy. The country has a population of over 35 million people and with an enabling business environment. The country is the largest USA trading partner. Canada and its southern neighbor, the US, have a strong relationship and similarities that encompasses many aspects of life. Both countries are members of many of the world’s most important international organizations, such as, the United Nations Organization (UN), the World Trade Organization (WTO), among others. Canada has a free trade agreement with the United States and Mexico through the North American Free Trade Agreement. The country has a lowered the general corporate income tax rate to stimulate investment. Canada has an open and well-diversified, and trade oriented economy, with strong key macroeconomic fundamentals; positive GDP growth, low unemployment, low and stable interest rate and currency to name a few. It has as well established banking sector, which operates under strict supervision of the central

As a result, the major Canadian banks provided services within their marketplace from insurance to retail brokerage.

The latter has let the company to participate in new services such as foreign currency markets and structured products offerings, with which market share and customer loyalty have increased. These additional results make this bank a clear competitor on analytics.

The strategic management process is sometimes improperly perceived as a unidirectional flow of objectives, strategies and decision parameters from management to the employees. In fact, the process should be highly interactive since it is designed to stimulate input from creative, skilled and knowledgeable people working at every level of the business.

According to group´s performance from 2002-2006 identifies that Barclays´ performance underpinnings are represented by its strategy of acquiring other banking (such as ABN Amro and Banco Zaragozano) concerns to expand its retail as well as other banking services through representation in international markets as represented by the bank’s presence in 60 countries. This provides Barclays with the means to sell its highly profitable investment banking services as well as be positioned to service the cadre of multinational companies that utilize its diverse banking financial service packages.

OCBC, it has been stated that it is ranked as the strongest bank in the world, this was a few years ago (Youssef-Morgan & Stark, 2014). One of the most notable strength is its emphasis on Proactive talent and development, for example, OCBC’s bank has a great training program for the new employees (Youssef-Morgan& Stark, 2014). OCBC’s Bank leads the way through not only its disciplined approach towards credit and risk management, but also its active talent development initiatives (Youssef-Morgan & Stark, 2014).

There is no exact definition for Strategy because it is defined in different ways as some people think that make a plan to get success in future is a strategy while others think that future is hard to predict. Exceptionally, some Japanese companies have no strategies though these companies have a good cost and continuous improvement. The definition for strategy is to explain the direction and scope of any company for the long term to achieve advantage for the company or to fulfill the needs and expectations. Strategy is different from Operational effectiveness and they work in different manner in the companies. Michael Porter, who is a professor at Harvard Business School and a strategy expert, says that it should determine how organizational resources and skills should create advantage. Accordingly, Strategy can also be defined as an organizational change during actions in the organizations for better and advantageous results or to determine how we win and get success in the future period. It is a needful developed plan with respect to market to compete the world. Organizations should be responsible for competitive changes according to the market. It is the main goal for any Organizations. Business/IT strategy is very important to know the success rate of your business. Apart from Business Strategy, the other two main types of strategy are Corporate Strategy and Team Strategy. These strategies give competitive advantage of cost leadership, differentiation and focus. The