PORTERS FIVE FORCES Threat of new entrants: Since nokia was a profitable market. It becomes bait and other companies would like to join. Unless the new entry firms can be blocked‚ the revenue or profit will reduce. However in other to be able to compete with established firms‚ new entrants will need to invest highly in technology and marketing. Hence the threat of new entrants is very low. Power of suppliers: Nokia has a number of suppliers who provide them with equipment’s. Hence nokia could
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of Recent Developments in the Credit Card Industry by Douglas Akers‚ Jay Golter‚ Brian Lamm‚ and Martha Solt* Since the 1980s‚ Visa U.S.A. (Visa) and Master- Card International (MasterCard)‚ the bank-controlled credit card associations that together account for approximately 70 percent of today’s credit card market‚ have been able to control the use of and access to their networks to the advantage of their bank members. Recently‚ however‚ the credit card industry has been changing:1 some
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tSTRUCTURE OF BANKS Commercial banks can be divided into 2 main categories: (1) Scheduled banks (2) Non-scheduled banks (1) Scheduled bank: A scheduled bank is so called because it has been included in the second schedule of Reserve bank of India Act‚ 1934. To be included in the schedule‚ the bank must satisfy the following 3 conditions: (a) It must have paid up capital and reserves of an aggregate value of at least Rs. 5 lakhs; (b) It must satisfy the reserve bank that its affairs
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(16.0 points) 1. Visit the website of a large national bank‚ regional bank‚ or credit union‚ and use the information you find there to answer the questions below. EXAMPLE: Some large banks you might consider include Bank of America®‚ JPMorgan Chase®‚ Wells Fargo®‚ Citibank®‚ and U.S. Bank®. a. What is the name of the bank or credit union? (0.5 points) Bank of America b. List three facts about savings account options at the bank or credit union you chose. (3 sentences. 1.0 points) There is a 25
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CASH VS CREDIT CARDS September 27‚ 2012 Paying cash has been the simplest form of payment since currency has been established. Due to technology there are several ways one can purchase merchandise. Credit by far has become popular of most ways to purchase merchandise. Paying cash has no fees‚ no identity theft‚ and debt free. Credit cards has fees‚ theft safety programs‚ can cause debt‚ and can make fast payments. Both methods are necessary for today’s economy and both are necessary depending
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ADVANTAGE AND DISADVANTAGE OF CREDITS CARDS Advantages | Disadvantages | Convenience--Credit cards can save you time and trouble--no searching for an ATM or keeping cash on-hand. | Overuse--Revolving credit makes it easy to spend beyond your means. | Record keeping--Credit card statements can help you track your expenses. Some cards even provide year-end summaries that really help out at tax time. | Paperwork--You’ll need to save your receipts and check them against your statement each month
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Recommendations: Launch the credit card operation in Asia Pacific. Use a customized marketing strategy/customized offerings; Focus on customer service; Enter Australia‚ India‚ Indonesia‚ Philippines‚ Singapore‚ Thailand‚ Taiwan‚ Malaysia‚ India‚ and Indonesia; Further develop Hong Kong market; Enter Korea whenever regulations allow it. Use different appeals/ value prepositions: in India‚ Indonesia‚ Taiwan‚ Thailand‚ Malaysia emphasize status; target upper and upper-middle class; use
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Porter 5 forces analysis Bargaining power of Customer: Buyer concentration to firm concentration ratio: Bank industry is a high buyer concentration industry‚ many people use bank service‚ such as deposit money‚ mortgage‚ loan‚ investment‚ insurance and currency exchange (HIGH). The concentration ratio of international bank industry is medium‚ many large bank exist in the world‚ such as Standard Chartered‚ CitiBank‚ HSBC‚ Fortis‚ and Deutsche Bank (Medium). Buyer information availability (HIGH):
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gratitude also goes to the professors in the EMBA program and EMBA staff‚ as well as the professors in NEU‚ for offering me great knowledge and supports. Last but not the least. I would like to send my special thanks to my fellow colleagues of Bank for Foreign Trade of Vietnam for their great support in collecting and using the data during my thesis completion‚ for their ideas and advices‚ as well as their enthusiasm during the in-depth interviews in order to complete this thesis.
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Elaine Chan KE Credit card- a blessing or a curse? According to a recent survey‚ credit card is gaining in popularity nowadays. Majority of the citizens aged above eighteen are having at least one credit card. Nevertheless‚ the number of tragedies arising from bad debts has been surging over the past few years. Is credit card a blessing or a curse? Before coming to a conclusion‚ lets first get an insight of the issue. Considering the convenience that credit card brings you‚ the free gifts
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