Providian Trust Case Analysis 1 What key issues and challenges led to the initiation of the Access+ project? In my opinion the key issues and challenges to the initiation of the Access+ project are as follow： 1.1 As the case illustrates‚ Stephen Walsh is the new CEO of the Providian Trust Company. He was a lawyer‚ and he was to be trained and got some skills of how to deal with conflict and make a judgment. It means‚ maybe the new CEO is good and professional in managing the company‚ but not known
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PROVIDIAN TRUST: TRADITION AND TECHNOLOGY By Melissa Dailey and F. Warren McFarlan DPDN Paul Davidson‚ Brian Dyrud‚ Lindsay Neal‚ and Jennifer Paterson October 8‚ 2003 INTRODUCTION In 1994 Providian Trust was a company rich in tradition‚ experience‚ and a high level of personalized customer service. However‚ due to the lack of efficient business processes and information technology‚ Providian Trust was slowly slipping away from profitability and was allowing competitors to become more
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It is inevitable that as technology develops traditional cultures must be lost. Technology and tradition are incompatible-you can’t have both together. To what extend do you agree or disagree with this statement? I strongly disagree with this statement. There are several compelling arguments in support of the view that technology and tradition are indeed compatible. Firstly‚ we can today see many countries around the world where tradition and new technology live side by side very comfortably
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“Music is the purest form of art.... therefore true poets‚ they who are seers‚ seek to express the universe in terms of music... the singer has everything within him. The notes come out from his very life. They are not materials gathered from outside.” Rabindranath Tagore. India is country of diversified art forms where Indian classical music is the quintessential form of spiritualism. Apparently Indian classical music is the integral element which crowns India’s rich heritage. India’s music is
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Since the beginning of humanity‚ advance technology enable human to develop from nothing to Stone Age and lastly into a modern world full of machines and equipment. Technology kills the traditions and this can be seen primarily in the aspects of travelling‚ communication and health care. Firstly‚ evolution of technology changes the way human travel. During old times‚ human travel from one place to another by using human-powered transport such as walking or bicycling. But nowadays‚ modern marvels
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Relevant Basic Definitions Trust is defined as an equitable obligation‚ binding a trustee to deal with property over which he/she has control for the benefits of beneficiaries. A trustee could be a beneficiary as long as he/she is not the only one. Trustee is the person who is the legal owner and controller of the trust property. The trustee‚ who is usually appointed in the trust deed‚ manages the trust on behalf of the beneficiaries and is held accountable by being subject to fiduciary duties.
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Basic Rules of Trusts: Property‚ Obligations and trusts 1) Equitable title exists whenever equity will require the legal owner of property to hold the property for the benefit of some other person or group of persons (which group may include the legal owner himself.) 2) Cestuis que trust=beneficiaries 3) Settlor and trustee can be the same person. 4) Settlor and beneficiary can be the same person. (Settlor can convey property to a trustee on trust for himself.) 5) Express trust as the creation
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Trust is the very thing that everybody in this world desires‚ or at least should desire from one another. Who wants to have a friendship or relationship without trust? Nobody does. Without trust‚ there is no friendship‚ and without friendship‚ there is no love. I believe that trust is an even greater compliment than to be loved! I believe George Macdonald said it best when he stated "To be trusted is a greater compliment than to be loved." When I read this quote for the first time‚ I thought to myself
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CREDIBILITY has to do with the words we speak. In a sentence we might say‚ “I can trust what she says about intellectual property; she’s very credible on the subject.” RELIABILITY has to do with actions. We might say‚ “If he says he’ll deliver the product tomorrow‚ I trust him‚ because he’s dependable.” INTIMACY refers to the safety or security that we feel when entrusting someone with something. We might say‚ “I can trust her with that information; she’s never violated my confidentiality before
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Harvard Business Review Online | The Enemies of Trust Page 1 of 9 Purchase products from: >| http://www.hbsp.org The Enemies of Trust You’re honest‚ straightforward‚ and competent. So why don’t your people trust you? by Robert Galford and Anne Seibold Drapeau Robert Galford is a managing partner of the Center for Executive Development in Boston and has taught in executive education programs at Harvard‚ Columbia‚ and Northwestern. Anne Seibold Drapeau is the chief people officer
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