2004‚ p.18). Through "strong brand equity"‚ which is Citibank ’s strategic marketing approach has also led to the expansion in China. The following reasons display Citigroup ’s environmental adaptability and expansion in China: Citibank had an emerging markets and global advantage; Citibank had been in the foreign market for 100 years; Due to Citibank ’s experience in volatile markets created a level of operational expertise; Citibank had the reputation unlike other banks to move in early
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1. Perform a STEEP analysis to understand the general environment facing Citibank. How will Citibank be affected by external factors? In particular what is the affect of the internet on the banking industry and Citibank? a. Social & Demographic: - Commercial cards enabled customers to receive consolidated spend data for all countries within Asia. - Clients can benefit from in consistency in products‚ delivery‚ and services. - Only balanced card issuers are able to deliver local-currency
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shop started out as a single owner who the employees answered to which is known as departmentalization by function and has now grown to be divided by territories known as geographic regions. This fortune 500 company is not a stranger to economic hard times‚ in 2008 and 2009 Starbucks closed over 600 stores. The organization went thru a restructuring period and created new job descriptions‚ formed departmentalization‚ the leadership looked at if they should centralize power and decision-making or decentralize
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of Management Exam # 3 Part I. True/False 1. Departmentalization is a method of organizing work and workers into separate units responsible for particular business functions or areas of expertise. 2. The two disadvantages associated with product departmentalization are costly duplication and difficulties with cross-departmental coordination. 3. Matrix departmentalization is a hybrid structure in which two or more forms of departmentalization‚ such as the product and functional forms are used
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packages to bail out their financial systems. Citibank was founded in 1812 as the City Bank of New York‚ later First National City Bank of New York. Citibank is one of the major international banks in the United States. It is the consumer banking sector of financial services giant Citigroup. Citigroup was the third largest bank holding company in the United States by total assets‚ after Bank of America and JPMorgan Chase in 2010 ("Top 50 banks”‚ 2011). Citibank has retail banking operations in more than
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Functional departmentalization can be found in both public and private organizations. Some examples of organizational structure departmentalization are Human Resources‚ Accounting‚ Sales and Marketing‚ and Production. These departments are put into place to ensure efficiency‚ and increase production within the organization. Structure
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Horizons 33. Building Capabilities Within Our Own Organization And Our Suppliers’ Is Important For Sustainable Improvements. Retrieved September 30‚ 2007 from http://www.nokia.com/A4252219 34. Departmentalization 35. Departmentalization. Retrieved September 30‚ 2007 from http://en.wikipedia.org /wiki/Departmentalization 36. Findley‚ Warren G 37. Departmentalize Elementary Schools. Retrieved September 29‚ 2007 from http://www.naesp.org/ContentLoad.do?contentId=1320 38. PEST Analysis 39. PEST Analysis. Retrieved
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the formal arrangement of jobs within an organization. Organization chart: Organization structure shown visually in the form of a chart. Organizational Design: A process that involves decisions about six key elements : Work specialization‚ Departmentalization‚ Chain of command ‚ Span of control‚ Centralization and decentralization and Formalization. Purpose of Organizing • Dividing work to be done into specific jobs and departments. • Assigning tasks and responsibilities associated with individual
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BACKGROUND MONEY & ITS PURCHASING POWER M oney has entered into almost all our discussion. Economy evolved from barter to indirect exchange… indirect exchange to monetary economy… ultimately to a developed economy. Money is a commodity that serves as a general medium of exchange; its exchanges therefore permeate the economic system. Like all commodities‚ it has a market demand and a market supply‚ although its special situation lends it many unique features. “Price” has no unique expression
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FACULTY OF BUSINESS ADMINISTRATION SEMESTER SEPTEMBER / 2014 BBPP 1103 PRINCIPLE OF MANAGEMENT MATRICULATION NO. : IDENTITY NO. : TELEPHONE NO. : EMAIL : LEARNING CENTRE : TABLE OF CONTENTS Topics Pages 1.0 INTRODUCTION…………………………………………………………….….. 3 2.0 TYPES OF ORGANIZATION STRUCTURE………...………………….……. 5 2.1 Functional Structure……………………………………………………………...… 6 2.2 Geographical Structure………………………………………………………....… 11 2.3 Matrix Structure………………………………………………………………....... 14 2.4 Product
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