Strategic Plan and Presentation STR/581 King Freeborn Uyere March 10, 2014 Suchitra Veera Week Six Executive Summary E TRADE was the first online trading company which makes them a leader in innovative business. The company was founded in 1982 and became an IPO in 1996. The headquarters is in New York City. They are a brokerage and investing company. E TRADE provides tools that help individuals achieve their long-term investing goals by cutting out the middle man and helping people save on fees they would otherwise pay to a brokerage house. However, if you want a person to invest your money on your behalf or advise you on investment options, those services are also provided. They …show more content…
In order to rebound from this, E TRADE has to reduce their debt so that they are more viable to investors. They need to announce a clear plan that will lead to debt reduction. Sharing a plan for the future is what is necessary as a discussion of symposiums and on their website. E TRADE need to be more socially aware and engage in community initiative because other companies are doing this by giving to charities or investing in environmental needs in areas of interest. They must understand the potential and cohesiveness of company loyalty and inclusivity as well as working toward a common purpose and focusing on what is best for the organization and customer satisfaction rather than just relying on the baby commercial as the primary objective when Schwab is strategically focusing on plans to helping their customer base invest wiser and smarter. E TRADE is a great option for the active trader. The active trader is someone who makes 150 plus trades per quarter. If you make less than that, E TRADE is not cost effective. The trader would be best serviced going to Ameritrade or Schwab. E TRADE should look at Schwab and how they have maintained their customer base. E TRADE is known for getting a live person on the phone 24/7. They need to look at the types of complaints they are getting and look for ways to enhance their service. It appears that they respond fast and act slow. The customer is smart. They understand
Instead of just allowing the cyber-attack to occur in roughly February or March of 2014, eBay should have taken additional steps to continue securing their servers. Some also question whether it is necessary for eBay to hold the data including addresses and other information for their customers and for the shipping requirments. The fact that they already push out much of their billing info to PayPal does help, but it could have been even better if they would push the sensitive data out to other third parties and other
E*Trade is not an accredited business with the Better Business Bureau, which is a bit strange since they have been in business for such a long time and are pretty widely known. And although they don't have a BBB file, they do have a C- rating, which includes
Strategic planning can dictate the success of any organization if properly planned as well as the failure of an organization if not implemented as planned. Strategic planning is all about making choices. It is a process designed to support leaders in being intentional about their goals and methods. Simply stated, strategic planning is a management tool, and like any management tool, it is used for one purpose only—to help an organization do a better job. This portion of the strategic plan will explain why an
E-commerce is transactions conducted via electronic means such as the internet, email and SMS. It is considered to be one of the most important aspects of the internet to appear. As a result, people are able to exchange goods and services immediately regardless of their geographic location and time. More and more businesses conduct transactions on line, with some trading purely on-line thus reducing overheads and administrative costs.
The strategic planning process begins by reviewing the organizations mission, vision and values. Clarifying the mission, vision, and goals at the beginning strategic planning process can help align fragmented entities (2 p. 293). The mission statement identifies the organizations reason for existing and how it is unique in comparison to other organizations (A p. 294). It is a short, concise and clear statement that serves as a rallying point for the organization (4 p. 752). The mission provides clues about the types of services that can be expected from the organization (A). Failing to check new projects against the mission can cause an organization to get into trouble (A p. 294).
problem was solved by eBay-Each, but without doubt, eBay-Each lost its advantage in credit transaction.
No two people go through life the same exact ways. Some choose to live moment to moment while others feel the need to have a grander plan for their future. People develop plans for different scenarios in their life to include what college they will attend, what profession they want to enter, the type of wedding and even, when they want to get married. Individuals who live by a plan can often be heard referencing their Plan B or five-to-ten year plan. Just as individuals like to plan, businesses also want a blueprint for their short- and long-term growth. Planning enables organizational leaders and managers to play a significant role in creating progressive objectives that enrich company productivity and
E-commerce is a product that has been available since the early 90’s. It is something that people are familiar with. A product that is now part and parcel of people’s lives.
As Mike Eskew walked through the long, open atrium of UPS’s corporate headquarters late in
The internal/cost strategy for human resources aims at reducing the cost of certain processes within an organization so that, in an ideal situation, the amount of funding necessary to provide either a service or a product to a customer is significantly decreased. This strategy attempts to make an efficient use of virtually all internal resources, which revolves primarily about the deployment and productivity of employees already existent within a business or company. To that end, there is little need or desire for the hiring of any external personnel, while at the same time, few attempts are made to bring in any additional resources not already contained within the organization. Management focuses on efficient use of current laborers and the various contributions they can make to a company in order to maximize productivity while keeping costs associated with it as low as possible. The employer, of course, does all it can to satisfy the particular needs of its employees, which is done in an attempt to foster employee loyalty and keep the organization as autonomous and self-contained as it can.
The company I will talk about for this paper is eBay. eBay is the world 's online marketplace; a place for buyers and sellers to come together and trade almost anything. With more than 97 million active users globally, eBay is the world 's largest online marketplace, where practically anyone can buy and sell practically anything. Founded in 1995, eBay connects a diverse and passionate community of individual buyers and sellers, as well as small businesses. Their collective impact on ecommerce is staggering: In 2010, the total value of goods sold on eBay was $62 billion -- more than $2,000 every second. I have been interested in eBay since I got first debit card and was able to shop online. eBay’s stock is currently valued at $28.23. It has
Basically if look into another online retailer such as Amazon, it also the electronic commerce and the world largest online retailer web store that could be beat with eBay. First of all, Amazon started as an online bookstore but soon expand to other field such as selling DVDs, CDs, video games, electronic products, food, clothing and toys. Amazon makes profit through the website when single item is being sold. Amazon also provides companies to advertise their product as well as paying the listed products. It multi-trading strategy is tend to make consumer becoming more updated and convenience their trading time by using non-traditional way.
Throughout the business industry the people who are most associated with the business process has found strategic planning and management development "requires constant shifting back and forth between long-run and short-run thinking" (Dess and Miller, 5). Planning is a business process that involves one or more people (depending on the type business) whom decide where the business 's objectives lie and how to initially accomplish them over a period of time. Strategic management development is a business process that also involves one or more people (again depending on the type of business). This particular process essentially allows the "application of the basic planning process at the
How do you conduct your strategic planning? Strategic planning is a joint endeavor that involves field operations, headquarters and mission support. The agency’s strategic planning practices entail brainstorming new ideas, implementing innovations and reflecting on past practices in developing action plans to improve daily functions, upcoming operations and immediate response actions to crisis situations. The operational plan or warning order provides mission critical information regarding equipment, personnel and objective, it also denotes the time frame to fulfill mission requirements. The agency’s human capital strategy is based on comprehensive research methods to identify activities and operating costs which are key in driving risk mitigation factors.
Foremost for the success of our team, it was felt that the development of a strategic plan was essential—before we started the simulation. It was determined that our team had to focus on three principles for determining a strategic plan: Strategic Position; Strategic Trade-off; and Strategic Fit (Porter, 2006). Our basic strategic plan can be paraphrased as: focusing on production utilization, manufacturing a product that was different than the competitions, focusing on a product with a high margin, creating an organization of specially skilled individuals (which is addressed in the organizational structure section—and possibly our demise), short turnover time in production, and focused on capturing market share through