Case 2 Essay Example | Topics and Well Written Essays - 500 words

Case 2 - Essay Example Eric wanted to avoid a repeat of what had happened in Mexico and China, where projects that were initially planned to take a short time to do ended up taking a lot more time. This was especially the case in India, where a research assignment that was initially planned to take a total of eighteen months, ended up taking three years instead. This was mainly due to company employees like Fred. Fred was unwilling to train the locals and hand over some of the duties and responsibilities to them. The company employees had also shown a tendency of being unable to work effectively, with the district and federal regulations in the various countries that they had been sent to. This created a situation where they ended up taking more time on their various jobs. Eric should tell the HR Vice President all the problems that the company keeps on facing each time they send out expatriates to new countries. This should be done when they have their company meeting. This will help show the seriousness of the matter, especially now that they want to expand into China. China promises to be a more challenging environment and market as compared to all the other countries that the company has set up operations. To drive the point home, he can use the example of Fred Banks to further help make the point more clear. He should also suggest to them the need of creating a more intensive and complete training program for the company employees who were being sent overseas. This would be a total change of the current system. The current system is raising concerns for its not being effective and is being seen by the top management, as a series of â€Å" tell and sell† sessions with no meaningful exchange of insights or even ideas. The program should also learn from the problems facing the current program, where most people did not go through all the sessions. The company should make it a must for everyone undertaking the program to attend all the sessions. Eric should

Bank of America Corporation Research Paper Example | Topics and Well Written Essays - 1250 words

Bank of America Corporation - Research Paper Example One reason why it is important to analyze Bank of America Corporation as a profitable banking sector is its large market share and the amazing offers it provides to its customers in all its branches that puts it as the world’s biggest and wealthiest corporate company, as reported by Giannone (2009). If only the bank can reach out to the opportunities that exist by accommodating even the low-income earners, no doubt it can become the largest banking and financial service centre in the word. It has continued to offer banking and financial services to its clientele in the US. The bank boasts of featuring as the 13th largest corporate company, according to the CNN fortune 500 company ranking. It has a primary listing base in the United States. It has its headquarters in Charlotte, North Carolina, and enjoys a large market in the banking industry. This shows that the institution has a potential of expanding beyond measure if it decides to be tactical in its operation. Although it has the ability to compete favourably with other banking and financial institutions, it has to up its game since its rival banking institutions are also offering almost the same products. One thing it should do is to conduct a thorough feasibility study on some of the new range of products not yet tapped by other competitors. By the time competitors become aware of the existence of that particular product, the bank shall have identified another new product altogether. This is the actual utilization of the strengths of an organization to outdo other organizations through taking advantage of their weaknesses. According to a recent Annual Report by Moynihan (2011), the bank features as the second largest in the US by assets having its branches in 50 states in the US and about 40 branches in the world. The external analysis purely indicates that the bank operates where there is stiff competition almost in all its branches and therefore any mistake made by the bank results in insurmountable losses.