CHAPTER 1 INTRODUCTION 1.1 BACKGROUND Governance is the process by which a board of directors‚ through management‚ guides an institution in fulfilling its corporate mission and protects the intuitions assets over time. (principles and practices of microfinance governance‚ by Rachel Rock Maria Otero Sonia Saltzman). However‚ the success of and strength of a financial cooperative in some parts of the world shows that governance issues can be transcendence when basic principles are followed. Therefore is
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1. Use as many motivational theories as you can to explain why the reward system adopted by Mary Kay works in China? a) Contingency Theory – Path Goal Theory or Goal Setting Theory Path Goal Theory is a contingency approach to leadership which under Mary Kay’s responsibility is to increase subordinates’ motivation by clarifying the behaviours necessary for task accomplishment and rewards. Under Path Goal Theory it must be formed by tangible award. Mary Kay increases her follower motivation
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alleviate poverty should focus on local needs and be sustainable to maximize its positive impact. We have witnessed the remarkable success of microfinance – a social business that focuses on making financial services accessible to the rural poor. Microfinance fills the gap where large commercial banks are unable to provide due to the cost constraint. Microfinance provides the avenue for the poor to take out small loans to grow their domestic business as well as a relatively safe platform for saving and
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Banking System “Current trends and future roadmaps”. 4. Challenges in growing financial markets. 5. Mutual funds. 6. Future of retail banking. 7. Challenges and solutions for Indian public sector banks from financial crisis. 8. Microfinance. 9. Wealth management. 10. Financial risk in IT industry. 11. FDI in Indian defence sector. 12. Global financial crisis and its impact on India. 13. Life insurance and its importance in India. 14. Are we ready for next
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P&G Japan: SK-II Globalization Case SK-II is a high-end skin care product‚ which has proven to be a success in the highly selective and competitive Japanese cosmetics market. It fits in the Japanese environment nicely. For starters‚ the wealthy Japanese society gives P&G a large market to target. Also‚ the uniquely sophisticated habits of Japanese women means they are more likely to accept the more complicated procedure required by SK-II. SK II involves six to eight steps‚ which is more
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Certain excesses led to reforms unleashed in the 1990s. This did increase bank profitability but at the cost of the poor and of backward regions. While the MFI model of microfinance is unsustainable‚ the SHG-Bank Linkage approach can make a positive impact on security and empowerment of the disadvantaged. Much more than microfinance is needed to overcome the problems that have persisted over the last 100 years. Introduction This brief overview of rural credit in India begins in the 19th and ends
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P&G Japan Q1. Why was SK-II so successful in Japan? Statement: By based on research of Japanese market‚ P&G made clear targeting and positioning‚ and developed new products which fulfilled customers’ needs‚ built the effective distribution. As a result‚ P&G could establish differentiation advantages for the following. • Product: “Foaming massage cloth” ‚ Elegant dispensing box “Foaming massage cloth” increase skin circulation through a massage while boosting skin clarity due to the microfibers’
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in the Philippines. 2. Identify some causes and effects of poverty. 3. Enumerate some programs and some solutions to alleviate poverty. Participant: All Staff Length of Discussion: Half day Facilitator: Any person with background on Basic Microfinance and knowledgeable in poverty that can deliver the topics with confidence. Introduction 1. Opening prayer 2. Welcoming the participant 3. Getting to know each other Activity 1. Getting to know each other Objective: This activity will set
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Practical Work # 1 P&G and SK-II Paolo de Cesare heads to Japan to make a decision on one of P&G’s most successful and fast growing products – SK-II. SK-II was a high end product that had developed a strong following among Japanese women‚ who were increasingly conscious about skin care and willing to spend a significant amount of their income. Cesare must decide among three options: continue to focus on the Japanese market‚ introduce the product in china‚ or introduce it in Europe.
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Case Study: SK Telecom Goes Egalitarian in a Hierarchical Society Introduction: This case is a convergence of several Human behavioral aspects like power distance and effect of values on professional society as an example ‘organizational hierarchy’. SK telecom South Korean company has organizational hierarchy culture that reflects in South Korea’s cultural value to major extent as well. Power distance has several characteristics. People accepting the unequal distribution of the power
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