The Medici Influence and the Italian Renaissance Essay

Post-Middle Age Italy was afflicted by medieval wars and the bubonic plague. It needed a change to restore the vision of what Italy could become. This change revealed itself within the Medici family, who helped return glory and influence to Florence. The Medici family saw the value in contributing to the advancement of the greatest minds of the period. This was evident in their patronage of leading artists such as Michelangelo and of renowned teachers such as Galileo. The sphere of influence the Medicis enjoyed also extended to the political arena, which happened to be heavily influenced by the Catholic Church at the time. The Medicis capitalized on the power of the Church. Through this influence and the use of â€Å"amici degli amici,† or†¦show more content†¦With Giovanni’s death in 1429, some saw an oppurtunity to capitalize on the event by attempting to displace the Medici family from its high place in the social and political landscape of the time. One su ch opportunity was taken by a wealthy rival, the Albizzi family, who put in motion a plot to have Giovanni’s son, Cosimo de Medici, arrested on accusations of treason and banished to Venice (Kent 177). This did not happen without consequences. With Cosimo’s exile he took with him a large source of Florentine capital, the Medici Bank. The Pope intervened and restored the Medicis to power (Birth). Thus began Cosimo’s restoration of Florentine pride and his support of great artists that many still admire today. An example of the effects of the Medicis’ support of artists involves the Dome of Santa Maria del Fiore. The dome of this chapel was built so large that that no architect knew how to complete the rooftop structure which made it a humiliating point in Florentine history. A contest to see who could complete the dome was won when a Florentine engineer named Brunelleschi, felt he had developed the solution. With the successful completion of the chapel, s upport from Cosimo de Medici, and the holy consecration performed by the Pope, a great structure that had been a source of humiliation was now a source of pride to the Florentines and the Medicis.Show MoreRelatedThe Medici Influence and the Italian Renaissance Essay1188 Words   |  5 Pagesglory and influence to Florence. The Medici’s saw the value in contributing to the advancement of the greatest minds of the period. This was evident in their patronage of leading Artists such as Michelangelo and of renowned Teachers such as Galileo. The sphere of influence the Medici’s enjoyed also extended to the political arena, which happened to be heavily influenced by the Catholic Church at the time. The Medici’s were able to capitalize on the power of the Church and through this influence and theRead MoreFlorence Was The Birthplace Of The Italian Renaissance898 Words   |  4 PagesThe Italian Renaissance was a period in history unlike most others; this was an era of ingenuity, expansion, and enlightenment that would revolutionize both society as the people of the Renaissance knew it to be, and as the future generations of individuals across the globe understand it today. Florence held itself out to be the birthplace of the Italian Renaissance, yet the people of this renaissance era never lost sight of the Greek and Roman heritage. The following essay will discuss the varyingRead MoreInfluence Of The Renaissance On Modern Western Society Essay1712 Words   |  7 PagesThe renaissance was a time of great and immeasurable change within all aspects of European life; so much so that it could be seen as beginnings of our modern western society. Leading this revitalization in culture and society in Europe’s historical development were to the two of the most dominant states of renaissance Italy, Florence and Venice. These small city-states were the powerhouses of the time and assisted speeding up the renaissance and helped spur revolutionary de velopments along the wayRead MoreThe Medici s Influence On The Renaissance1662 Words   |  7 Pagesthe population. Even into the Renaissance, this prevalent societal structure still existed with the elitists in control. However, there are several factors that contributed to the demise of feudalism. One of these factors ironically being a powerful family of bankers. Arguably the most prosperous family leading up to and throughout the renaissance, the Medici’s widespread influence changed countless aspects of life that we still benefit from today. Even though the Medici family were wealthy bankersRead MoreArt Of The Renaissance : Questions And Vocabulary1283 Words   |  6 PagesAssignment 12.5 (Art in the Renaissance) Assignment- Questions and Vocabulary Terms: Giotto, Masaccio, Botticelli, Perspective, Guild, Artisan, Apprentice, Patron, High Renaissance, Pope Julius II, Michelangelo, Northern Renaissance, madrigal. 1) Giotti di Bondone (1266-1337) was an Italian artist and architect from Florence in the very late Middle Ages. He is considered to be one of the most important artists in Italy because he contributed greatly to the Renaissance style of painting and art inRead MoreThe Late And Post Renaissance1386 Words   |  6 PagesThe late and post-renaissance was a time dominated by the Medici family, but many other Italian families had their time in power. As the late renaissance ended and the post-renaissance era started, the Corsini family gained power and influence under the Medici. With banks in England, offices around Europe, and palazzos in Italy, the family made fast and large steps toward gaining influence and relevance in Italy. While they earned respect on the financial side, they also progressed on the religiousRead More Patrons and Artisans of the Renaissance Period992 Words   |  4 PagesThe Renaissance period (1400 to 1700) covered art, literature, philosophy and government. R enaissance culture spread outwards from Florence, to other Italian cities and then, over the following centuries, to the rest of Europe. It is widely understood that it was a unique combination of several different influences that led to the Renaissance, with the social and political conditions of the era, combined with great wealth and the large number of talented artists and artisans in Florence; influencingRead MoreThe Medici; Heroes of the Rennaissance988 Words   |  4 PagesThe Medici; Heroes of the Renaissance In the year 2004, PBS broadcasted the series, â€Å"Medici; Godfathers of the Renaissance†. This four-part documentary, in attempt to gain viewer interest, compared the Medici to the mobsters found in Francis Ford’s â€Å"The Godfather†. The relation of the Medici to Italian mobsters in the PBS Medici series is in no way accurate, for they were not villains of the renaissance, but heroes. The Medici were very connected with the church, and used their extensiveRead MoreDefining The Terms Renaissance And Humanism854 Words   |  4 Pages1. Define the terms Renaissance and humanism. The New World Encyclopedia article â€Å"Renaissance† states the Renaissance featured scientific and artistic discoveries and transformations that propelled a cultural shift in Europe after the Middle Ages (2015). The New World Encyclopedia article â€Å"Humanism† indicates that Humanism primarily focuses on human being s place, potential, beauty, and so forth (2014). 2. Who were the Medici’s? The Medici family, comprised of former bankers and commerce men, becameRead MoreRecovery And Rebirth : The Age Of The Renaissance1414 Words   |  6 PagesOutline Recovery and Rebirth: The Age of the Renaissance Meaning and Characteristics of the Renaissance **Italian Renaissance primarily of the wealthy upper class of elite rather than mass movement** Urban Society Renaissance Italy a result of its commercial preeminence and political evolution, northern Italy (mid-14th century) was mostly a land of independent cities that dominated the country districts surrounding. the city-states were the centers of Italian political, economic, and social life. a

The Conflict between Personal Development and Social...

As Lissa Paul points out in her essay the period from the late nineteenth till the early twentieth century plays an important role in the development of children’s literature. According to Paul during this period â€Å"colonial and patriarchal values† became more apparent in culture and society. As a result, British story papers as Girl’s Own Paper started to circulate. This magazine for girls was founded in 1880 and canvassed the struggle between traditional domestic ideologies and the idea of the â€Å"new woman† (Paul 119). Claudia Nelson argues that by reading those magazines girls were expected to adopt virtues such as â€Å"purity, obedience, dependence, self-sacrifice and service† (141). However, they also encouraged girls to have â€Å"intelligence,†¦show more content†¦In creating Anne Shirley, the protagonist of Anne of Green Gables, Montgomery dramatizes the struggle of a girl who initially does not conform to the conventional i deas and the expectations society imposes on her. However, tracing her developments, the novel narrates how Anne eventually learns to negotiate between social expectations ad her own desires. When Lucy Maud Montgomery published her most memorable novel Anne of Green Gables in 1908 it was an immediate success. The story about the little red-headed orphan girl Anne Shirley bears some similarities to Montgomery’s own life. Although she was not an orphan as Anne was, Montgomery did also suffer from a rigid upbringing. Maud’s grandparents took her in after her mother died before she was only two years old and her father, grief-stricken over his wife’s death, left her and Prince Edward Island shortly after that. Like Anne, Maud Montgomery was a very emotional and passionate girl, who loved nature and observing the world around her. From a very early age onwards Maud used her writings as a way to express herself. At age sixteen, she began publishing poems and stories a nd later she became a novelist (Watson 486). After her grandfather died in 1898, Maud, at age twenty-four, became responsible for the household duties, helping herShow MoreRelatedLittle Women By Louisa Alcott1260 Words   |  6 PagesChapters 24 to 47 were published in 1869 under the title Good Wives Louisa (1869). Louisa May Alcott’s personal life is demonstrated in the first book hence acting as a form of semiautobiographical where it largely reflects on the experiences as she grows up with her sisters in New England. She was born in Germantown, Pennsylvania on November 29, 1832 (Reisen). Thus, the book reflects her personal live with the authors demand on the need to know whether who of the sister married forcing her to addRead MoreLiterary Criticism : The Free Encyclopedia 7351 Words   |  30 Pageslife s questions with the expectation that these will result from gaining experience of the world. The genre evolved from folklore tales of a dunce or youngest son going o ut in the world to seek his fortune. Usually in the beginning of the story there is an emotional loss which makes the protagonist leave on his journey. In a Bildungsroman, the goal is maturity, and the protagonist achieves it gradually and with difficulty. The genre often features a main conflict between the main character and societyRead MoreRelationship Between Tourism and Cultural Heritage Management: Evidence from Hong Kong7693 Words   |  31 PagesARTICLE IN PRESS Tourism Management 26 (2005) 539–548 Relationship between tourism and cultural heritage management: evidence from Hong Kong$ Bob McKerchera,*, Pamela S. Y. Hoa, Hilary du Crosb b a School of Hotel and Tourism Management, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong Department of Geography, The University of Hong Kong/School of Hotel and Tourism Management, The Hong Kong Polytechnic University, Hong Kong Received 24 November 2003; accepted 4 February 2004

Entrepreneurship for Career and Lifestyle Portal - myassignmenthelp

Question: Discuss about theEntrepreneurship for Career and Lifestyle Portal. Answer: Introduction In this study we are going to look at three companies the QLC, a startup team that believes that millennials are looking to enjoy short-term career change opportunities without worrying about losing their current jobs. The QLC team provides a career and lifestyle portal to enable the millennial to test-drive their dream jobs. The Digify team on the other hand is a cloud-based secure filing sharing service provider that was established in 2013. The Vault Dragon is also an emerging player in the electronic health records market. All these three companies/teams enrolled into the JFDI 100 days accelerate programme and offered the millennial a chance to experiment on the best start-up. Evaluation of these three companies will be made to come up with one choice that is best recommended. Comparison and contrast of the three start-ups QLC Team We shall compare and contrast the three companies in their opportunity identification and action planning process. The QLC is a career and lifestyle portal that was founded to enable the millennials change career opportunities to short-term jobs without the risk of losing the jobs they hold currently. QLC main purpose is to help the millennials who are professionals a chance to explore other career options or even give back to the social entity without them having to hold on to jobs just for the sake of reasons such as family (Leung 2015). The millennials are a generation that has a different mindset from the other previous generation and they are young probably in their mid-twenties to mid-thirties in well-paying jobs. Unlike the previous generation, the millennials are more likely to stay in jobs for years less than three and want to change jobs to explore other ventures. This has been a trend that has been noticed and 91 percent of these millennials are all doing it (PwC 2016). De loitte did a survey in 2016 and found out that millennials would quit their current jobs and join a new organization in search of doing something different from what he was doing if given the chance. It surveys showed that one out of four millennials would take that bold step and 44 percent of them would move from their jobs by 2017. Only a small fraction of them stayed in their current jobs. Some even wanted to gain international experiences and venture into broader fields of work to advance their careers (McKinsey 2016). This QLC team provided and alternative to the professional millennials to take a chance of alternative career without feeling like its a risk. The millennials used this test-drive to be able to free themselves from their usual desk jobs into more fulfilling job opportunities. Most people stay on their jobs for fear of leaving as they would become financially insecure however; the QLC startup team offered a way out by coming up with an option for millennials to cha se their dream jobs. The QLC team focused on the career dilemmas of the millennials and came up with a business model innovation that would work in the change of job opportunities for the millennials. The QLC team is also comprised of millennials who majorly emphasizes with the other millennials in their generation and are passionate in inspiring change. Fan and Yao who are the QLC founders ventured into business after quitting their jobs at Accenture which was a risky but bold move. The team offers short-term career change opportunities to other millennials in their business during their spare time and these opportunities last from four to six weeks duration. They also offered internship opportunities and where millennials got to gain work experience and a chance to sample other career opportunities without them leaving their current jobs. QLS team also supported its users being the millennials in allowing them access features that would enable them build their profile and in so do ing to generate predictable recommendations that guarantees job opportunity search. It also provides its users with learning materials such as video materials and online readings that enable them upgrade in their skills on the job for their betterment. Mentorship from QLS sourced mentors are provided on a weekly basis to better their work and career (Fan 2016). Digify Team The Digify team deals with sending emails that contain very confidential and sensitive information that are locked for security purposes. This inventive idea came about by Augustine Lim after having a dilemma in sending of an email that contained sensitive information and not knowing if the client will delete the email after reading as was the requirement. Emails carry information from one person to another and some of the information transferred are very sensitive. Digify enabled professionals to be able to send digital files that were attached to normal emails whereby the files are locked in a box and only the sender who has the key can unlock them. Digify was convenient as it would enable to secure information passed digitally safely and seamlessly. Having the sender have a key to the locked box containing sensitive information, would enable the documents, images, videos being sent by Digify to be protected, tracked and option of set to self -destruct. Digify was made to be availa ble in both portable PCs as well as desktop computers. It was however very challenging to execute this technology and most times the founders were stuck on ways to find the market that would fit their product as well ways of increasing user adoption (Thomas 2016). The challenge of this technology to fit into the market made Lim to compel its use in industry sector as an essential and must have product. The competition of similar products in the market space was intense and this made Digify to burn cash on sales process so as to gain credibility of target market and customers. Digify is used by managers and executives as well as professionals who engaged in day to day business transactions using emails. Digify would ensure files sent were protected and reached the receiver in good time. The challenges of Digify were many as monitoring and enforcing of confidentiality of both parties; the sender of the email and the receiver was not easy especially if the parties involved were many an d the information sent was large. Maintaining strict protection of the sensitive information in the emails was very difficult. Containing the ever-increasing hacking cases even in well ran organizations was a problem and even other business partners would potentially leak very sensitive information and the breach would take long to be noticed and rectified. Cases of data breach some with were very high profile such as the Snowden leak in 2014 and the Panama Papers debacle in 2016 made many other organizations to pay attention to securing their communication more vigilantly. Most corporations were forced to adapt the cloud services of securing data such as Microsofts Azure and Amazon Web so as to ensure that their customers data was well protected (Andras 2015). The growing awareness of personal data protection by consumers in relation to online applications has made security providers to introduce other new services for data protection to their consumers. Other applications in the m obile phones such as Snapchat and WhatsApp took up security measure such as automatically deleting videos after 24 hours as a way of ensuring information security. Digify offered this cloud security services and most companies spend a lot of money for data protection summing up to approximately USD 2 billion for next five years. That amount grew by 20% from USD 87 billion in 2015 to about USD 106 billion in 2016 all to ensure there is digital data protection and security. When Digify started, it was only meant to be a document management system within Singapore and therefore the model was not scalable beyond that area. The founders wanted the model to be international and therefore they made it be a Software-as-a-Service (SaaS) provider so as to go beyond Singapore and be an international model. To enable Digify to be a SaaS provider, it had to develop cloud services application and that is what happened so as to ensure and guarantee protection of sensitive information passed day to day. More and more subscribers from other parts of the world like US, Europe and Asia joined Digify immediately it switched to SaaS model back in 2013 and this promised the self-destruction option of documents for security purposes. Digify also merged with other well-established cloud storage solutions like Google Drive and Dropbox and this attracted more subscribers as they were able to track the person viewing their files and what time and for how long (Stamford 2016). Vault Dragon Vault Dragon was founded by Ching-Tse Tseng in 2013 and it was initially a secure storage solution with terms that were flexible for the consumers at home. However, over the years the business evolved and has become a scanning and storage solution for medical records for medical clinics mainly. In 2015, the business evolved from being a consumer at home solution to a medical record storage solution which was the main function and meal ticket of Vault Dragon whereby 59% of its revenues generated from. Vault Dragon made this shift from being consumer storage into a medical record storage solution as a way to develop their product as well as their service provision. The idea of Vault Dragon came into the mind of Tseng when he was a student at a university in Singapore. Having to pack whenever they had a long summer vacation and leaving school for home that was overseas-Taiwan proved to be a perennial problem for him. Packing his belongings in the dormitory bedroom was hectic as the faci lities that he needed to store his belongings were either too big or too expensive or they were far from his dormitories. Too much hassle was involved especially since he did not even own a car and he also wanted to leave his belongings in a safe place. He found a niche in the market and he came up with a business idea but he did not work on it, got employed at PwC as a consultant after graduation. However, the nagging need of his business opportunity made him leave his employment and started Vault Dragon. Tseng did his research and found out that Singapore self-storage industry was growing at the rate of 45% every year and it was worth $78 million. Most of the growth was due to storage facilities such as SingPost which bought Lock+Store for $37 million in 2012 and CapitaLand with its four self-storage facilities that it acquired in 2013. This was a positive projection of the business in the country as it was very lucrative as per the look of things. Tseng figured out that the self- storage models used in Singapore were not satisfactory and he saw an opportunity to exploit that market even though it had other competition. Other competitors in the market offered self-storage space by the room contrary to what Vault Dragon offered (Waal-Montgomery 2015). Customers who did not need a big space to store their belongings embraced Vault Dragon as it suited their need. Vault Dragon offered an option of storing that was convenient and safe and minimized its customers headache of worrying about logistics and security. The deal of Vault Dragon and its customers were for the customer to buy the storage box from Vault Dragon and have it delivered to their home. The box had some specific dimensions to it 24x15.2x14 inches which the customer filled with their belongings. The customer would then choose to use Vault Dragon photo tagging services and then after filling and tagging the box, the customer instructs Vault Dragon to pick and store the box for them. Vault Dragon woul d offer to return the box for free to the customers home is so instructed. Vault Dragon mainly handled the logistics of delivery and helping of their customers in indexing their boxes. The self-storage providers on the other hand dealt with the management of the storage facility. They were an established profitable arrangement between the two when they worked together, therefore it was a win-win. Vault Dragon however faced a lot of competition in the market as well as other companies duplicating their business idea (Jones 2016). This however, did not make Vault Dragon to succumb to pressures of lowering its pricing but instead change strategies by offering quality customer service and experience and also service reliability. QLC evaluation and recommendation report. I choose and recommend QLC as an international investment plan because its a career and lifestyle portal that was founded to enable the millennial change career opportunities to short-term jobs without the risk of losing the jobs they hold currently. The millennials are a generation that has a different mindset from the other previous generation and they are young probably in their mid-twenties to mid-thirties in well-paying jobs. The millennial are risk takers and they are not afraid to venture into new career opportunities given the chance. Millennials are energetic and they use that energy to be productive at work and therefore the economy is increased. According to researches done, millennials have set a trend that has been noticed and 91 percent of these millennials are all taking a leap in venturing to new jobs that are satisfactory to their needs. Deloitte did a survey in 2016 and found out that millennials would quit their current jobs and join a new organization in search of doing something different from what he was doing if given the chance. It surveys showed that one out of four millennials would take that bold step and 44 percent of them would move from their jobs by 2017. Only a small fraction of them stayed in their current jobs. Some even wanted to gain international experiences and venture into broader fields of work to advance their careers. The millennial used this test-drive to be able to free themselves from their usual desk jobs into more fulfilling job opportunities. Most people stay on their jobs for fear of leaving as they would become financially insecure however; the QLC startup team offered a way out by coming up with an option for millennials to chase their dream jobs. The QLC team focused on the career dilemmas of the millennials and came up with a business model innovation that would work in the change of job opportunities for the millennials. The QLC team is also comprised of millennials who majorly emphasizes with the other mill ennials in their generation and are passionate in inspiring change. The founders of the QLC are also millennials and therefore I would recommend this startup as my choice because of the drive it will get in ensuring their productivity. QLS team also supported its users being the millennials in allowing them access features that would enable them build their profile and in so doing to generate predictable recommendations that guarantees job opportunity search. It also provides its users with learning materials such as video materials and online readings that enable them upgrade in their skills on the job for their betterment. Mentorship from QLS sourced mentors are provided on a weekly basis to better their work and career. References: Andras Cser and Michael Yamnitsky, Sizing the Cloud Security Market, Forrester for Security Risk Professionals, August 15, 2015 Conn Stamford, Worldwide Public Cloud Services Forecast (Billions of U. S. Dollars), Gartner, January 25, 2016, accessed June 21, 2016, https://www.gartner.com/newsroom/id/3188817. Dropbox was a service provider that offered cloud-based storage of files that were accessible from multiple computing devices. https://www.vaultdragon.com. Humanresources.about, 2013, Gen Y Has Much to Give-and Get-in Your Workplace,, accessed July 1, 2016. https://humanresources.about.com/od/glossaryy/g/yuppies.htm.https://digify.com Interview with Will Fan, December 16, 2015 Iris Leung, Meet QLC, a Career and Lifestyle Portal for the Restless Millennial, e27, March 9, 2015, accessed July 2, 2016, https://e27.co/meet-qlc-career-lifestyle-portal-restless-millennial-20150309/. Kaki, Spaceship, accessed February 14, 2016, https://www.spaceship.com.sg/kaki. McKinsey Company, 2011, Connecting Talent with Opportunity in the Digital Age, accessed July 1, 2016, https://www.mckinsey.com/global-themes/employment-and-growth/connecting-talent-with-opportunity-in-the-digital-age. Michael de Waal-Montgomery, Spaceship Launches to Take One Vault Dragon in Singapore, e27, February 16, 2015, accessed February 14, 2016, https://www.spaceship.com.sg/kaki. Millennials Survey, PwC, accessed July 1, 2016, https://www.pwc.com/gx/en/issues/talent/future-of -work/millennials-survey.html. Product, Digify, accessed May 30, 2016, https://digify.com/product.html Snapchat was a mobile application created in the US which allowed users to chat with exchanges of messages and multi-media objects which were deleted once they were read (Share documents securely with Digify, a Snapchat for business content, Venturebeat, July 22, 2014, accessed June 6, 2016 https://venturebeat.com/2014/07/22/share-documents-securely-with-digify-a-snapchat-for-business-content/). TechInAsia, 2015, Vault Dragon: Dropbox for Physical Things, accessed February 12, 2016, https://www.techinasia.com/vault-dragon-dropbox-physical. The RSA Conference was a major international information security event held annually since 1993 in California, US, attended by information security professionals across various industries from healthcare and pharmaceutical to banking and finance. The SVForum was the largest and oldest not-for-profit organization from Silicon Valley that organized events, conferences and programmes for technologists, entrepreneurs, and investors to promote innovation and enterprise. Thomas Fox-Brewster, From Encrypted Drives to Amazons Cloud- The Amazing Flight of The Panama Papers, Forbes, April 5, 2016, accessed June 6, 2012, https://www.forbes.com/sites/thomasbrewster/2016/04/05/panama-papers-amazon-encryption-epic-leak/#42afb10c1df5. Tony Jones, Competition or Inspiration: Are Valet-Storage Businesses Disrupting the Traditional Self-Storage Market or Providing Impetus for Change? Inside Self-Storage, March 6, 2015, accessed February 14, 2016, https://www.insideselfstorage.com/articles/2015/03/are-valetstorage-businesses-disrupting-the -traditional-selfstorage-market.aspx. Vault Dragon, Facebook, accessed February 11, 2016, https://www.facebook.com/VaultDragon/info/?tab=overview.

Mango Report Essay Example

Mango Report Essay CT REPORT ON â€Å"MANGO AS AN APPAREL MANUFACTURING BRAND† Submitted to: Submitted by: Dr. Indu Gupta Ranjeeta Nongthombam PGFD-II ACKNOWLEDGEMENT First of all, I would like to thank the Almighty for showing me the path whenever I am in despair and the blessing showered upon me to complete the task. I would like to thank my parents for giving me emotional support whenever needed and their words of encouragement without which it would have been difficult to complete. I would like to show my gratitude to my mentor Dr. Indu Gupta for providing me support, help and guidance without which it would not have been completed. I express my thanks to the Director of Satyam fashion Institute, for extending his support. Last but not the least I would like to thank my friends who has given me moral support to complete this project report. Without the support of these wonderful people, it would have been difficult for me to complete my assigned task and indeed thankful. TMango is a clothing and design manufacturing company founded at Barcelona, Catalonia (Spain) by brothers Isak Andic and Nahman Andic. It design, produces, distributes apparel and accessories. It opened its first store at Barcelona then expanded to Valenci just catering to domestic market. By 1988 the company expanded to 13 outlets but by 1992 it did open stores outside the domestic market. History of domestic market can be divided in to 2 stages. Its goal is to be present in every city in the world. We will write a custom essay sample on Mango Report specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Mango Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Mango Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The company has more than 2,000 stores in 103 countries. Its first website as created in 1995 and, five years later, in the year 2000, it opened its first online store. Mango has over 8,600 employees, 1,850 of whom work at the Hangar Design Centre and at its Headquarters in Palau Solita i Plegamans (Barcelona). 2. PRODUCT RANGE Mango is purely an apparel based company which includes the different departments involved in the creation and manufacture of Mango fashion collections, as well as the concept of Mango brand image and its projection outside the company. Consequently, this includes departments such as Design, Showroom, Purchasing, Graphic Design, Window Dressing, Interior Design, Product Distribution, Merchandising, etc. All of the garments and accessories are designed around the idea of collections and matching items, so a planning procedure taking into account production and distribution is an essential part of the process, together with high standards of quality at all stages, from controls at source to the final point of sale. Their garments and accessories are of high-to-medium quality and always seek to maintain the same manufacturing standard (a constant level of quality, the same characteristics, etc. ), which means that a single model is only ever produced by one manufacturer or one production workshop, except in very specific cases where the legislation limits production due to the source and quotas. 3. PRICE RANGE Mango becomes the most favorite brand of clothing fashion line of most young women (and even men). Mango is a product that has both the fashion style and the quality at a very affordable price. Buyers are fascinated in getting a good bargain on high quality clothing, and this makes the Mango Company become so successful. Mango knows how to understand what the public is after when it comes to their fashion choices. They understand that everyone wants the latest trends, but can often not afford to dress in the way that they want. By introducing Mango clothes fashion line that are trendy, attractive and affordable. They guarantee that they will meet all the needs of an average clothing consumer. Mango has over eight hundred stores in the world. In fact, at present Mango has opened 1135 stores in North America, the Middle East, Latin American states, Europe and more than 90 countries. Mango clothes remain fashionably relevant to continue their current success. Moreover, the company is planning to open more stores to triple their current number. Mango Clothing has been able to provide consumers with a great alternative to high end, high priced clothing. The quality of Mango clothes are almost the same as what other designer clothes provide, plus, it is not as expensive as what other designer clothes. Clothing retailers that hit the mark with the look and affordability of their Clothing, but fall short when it comes to the quality. We can visit any nearest local store or try visiting their official website so buyer can view what are the latest offerings available prior shopping on store. If there is no available store near at any place, another good way to purchase Mango clothes is through shopping online just make sure that buyer pay attention to the online source that use to buy their clothing. . PROMOTION The MANGO franchise system places at a comprehensive system that covers all aspects relating to product marketing and franchise management. MANGO takes care of all the other aspects: * Always up to date with the latest trends. * Providing with a collection that is complete, extensive and varied. * Supplying in accordance to needs, avoiding possible inventory cost. * Carrying out stores interior design project. * Training sales and management team. Changing store’s windo w displays design on a regular basis. Assisting continuously on item display and sales issues with the help of periodic visits by product and merchandising professionals. 5. PLACES This focuses on the reception, storage and dispatch of goods, aiming to allow quick distribution and automatic stock replacement to all our stores. The department is divided into various sections: maintenance, reception, CML distribution, GTT distribution, surpluses, stock (hung and folded), delivery and transport. The principal tasks of the department are: reception and coding of goods for subsequent classification and stocking; preparation of daily sales replacements in stores; dispatch of goods until their reception in stores; packing, courier services, end of season returns, confirmation of transfers, classification and stocking of clothing and replacement stock to Outlet stores, etc. 6. SUMMARY Mango was set up with the mission to â€Å"be present in all cities in the world† and projecting a coherent and unified image. The company was founded according to three fundamental suppositions, which were not so obvious in the Seventies: * Offer quality garments at a reasonable price without this meaning moving away from the latest fashion for young, modern clients; * Manufacture in countries with more competitive production costs, obtain a low cost and keep prices competitive; and * Control operating costs thanks to up-to-date information systems. From these three suppositions, Mango provides us with a drastic change in the traditional textile sector in: * Developing a global brand concept through fast adaptation to the ultural habits using the design of articles which are adapted to the geographic area * Developing a production management system with third party companies through which it controls the quality of the clothes * Developing SLM (Mangos Logistics System) which eases product distribution, reduces transport and handling costs, manages inventories on a global scale in real time, and allows for f lexibility in reaction to the various changes in the environment. The concept of a global brand, the efficiency of its computer and logistics systems, as well as its team of professionals have been key factors for Mangos sustained growth over these years. The boutique climate of the store through design and decoration leads to a purchase, the meticulous selection of personnel to project a coherent image, a collection of their own stores and franchise-holders that emanate the same style. Presently, the company is developing a dynamic advantage in dealing 13with continuous changes in the environment. This requires continual readjustment to productive-logistic processes through IT. This competitive advantage along with the culture of human relations means that the business model can continue to maintain its sustained growth. 7. BIBILOGRAPHY www. mango. com www. fashiongear. fibre2fashion. com www. slideshare. net Mango Report Essay Example Mango Report Paper CT REPORT ON â€Å"MANGO AS AN APPAREL MANUFACTURING BRAND† Submitted to: Submitted by: Dr. Indu Gupta Ranjeeta Nongthombam PGFD-II ACKNOWLEDGEMENT First of all, I would like to thank the Almighty for showing me the path whenever I am in despair and the blessing showered upon me to complete the task. I would like to thank my parents for giving me emotional support whenever needed and their words of encouragement without which it would have been difficult to complete. I would like to show my gratitude to my mentor Dr. Indu Gupta for providing me support, help and guidance without which it would not have been completed. I express my thanks to the Director of Satyam fashion Institute, for extending his support. Last but not the least I would like to thank my friends who has given me moral support to complete this project report. Without the support of these wonderful people, it would have been difficult for me to complete my assigned task and indeed thankful. TMango is a clothing and design manufacturing company founded at Barcelona, Catalonia (Spain) by brothers Isak Andic and Nahman Andic. It design, produces, distributes apparel and accessories. It opened its first store at Barcelona then expanded to Valenci just catering to domestic market. By 1988 the company expanded to 13 outlets but by 1992 it did open stores outside the domestic market. History of domestic market can be divided in to 2 stages. Its goal is to be present in every city in the world. We will write a custom essay sample on Mango Report specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Mango Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Mango Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The company has more than 2,000 stores in 103 countries. Its first website as created in 1995 and, five years later, in the year 2000, it opened its first online store. Mango has over 8,600 employees, 1,850 of whom work at the Hangar Design Centre and at its Headquarters in Palau Solita i Plegamans (Barcelona). 2. PRODUCT RANGE Mango is purely an apparel based company which includes the different departments involved in the creation and manufacture of Mango fashion collections, as well as the concept of Mango brand image and its projection outside the company. Consequently, this includes departments such as Design, Showroom, Purchasing, Graphic Design, Window Dressing, Interior Design, Product Distribution, Merchandising, etc. All of the garments and accessories are designed around the idea of collections and matching items, so a planning procedure taking into account production and distribution is an essential part of the process, together with high standards of quality at all stages, from controls at source to the final point of sale. Their garments and accessories are of high-to-medium quality and always seek to maintain the same manufacturing standard (a constant level of quality, the same characteristics, etc. ), which means that a single model is only ever produced by one manufacturer or one production workshop, except in very specific cases where the legislation limits production due to the source and quotas. 3. PRICE RANGE Mango becomes the most favorite brand of clothing fashion line of most young women (and even men). Mango is a product that has both the fashion style and the quality at a very affordable price. Buyers are fascinated in getting a good bargain on high quality clothing, and this makes the Mango Company become so successful. Mango knows how to understand what the public is after when it comes to their fashion choices. They understand that everyone wants the latest trends, but can often not afford to dress in the way that they want. By introducing Mango clothes fashion line that are trendy, attractive and affordable. They guarantee that they will meet all the needs of an average clothing consumer. Mango has over eight hundred stores in the world. In fact, at present Mango has opened 1135 stores in North America, the Middle East, Latin American states, Europe and more than 90 countries. Mango clothes remain fashionably relevant to continue their current success. Moreover, the company is planning to open more stores to triple their current number. Mango Clothing has been able to provide consumers with a great alternative to high end, high priced clothing. The quality of Mango clothes are almost the same as what other designer clothes provide, plus, it is not as expensive as what other designer clothes. Clothing retailers that hit the mark with the look and affordability of their Clothing, but fall short when it comes to the quality. We can visit any nearest local store or try visiting their official website so buyer can view what are the latest offerings available prior shopping on store. If there is no available store near at any place, another good way to purchase Mango clothes is through shopping online just make sure that buyer pay attention to the online source that use to buy their clothing. . PROMOTION The MANGO franchise system places at a comprehensive system that covers all aspects relating to product marketing and franchise management. MANGO takes care of all the other aspects: * Always up to date with the latest trends. * Providing with a collection that is complete, extensive and varied. * Supplying in accordance to needs, avoiding possible inventory cost. * Carrying out stores interior design project. * Training sales and management team. Changing store’s windo w displays design on a regular basis. Assisting continuously on item display and sales issues with the help of periodic visits by product and merchandising professionals. 5. PLACES This focuses on the reception, storage and dispatch of goods, aiming to allow quick distribution and automatic stock replacement to all our stores. The department is divided into various sections: maintenance, reception, CML distribution, GTT distribution, surpluses, stock (hung and folded), delivery and transport. The principal tasks of the department are: reception and coding of goods for subsequent classification and stocking; preparation of daily sales replacements in stores; dispatch of goods until their reception in stores; packing, courier services, end of season returns, confirmation of transfers, classification and stocking of clothing and replacement stock to Outlet stores, etc. 6. SUMMARY Mango was set up with the mission to â€Å"be present in all cities in the world† and projecting a coherent and unified image. The company was founded according to three fundamental suppositions, which were not so obvious in the Seventies: * Offer quality garments at a reasonable price without this meaning moving away from the latest fashion for young, modern clients; * Manufacture in countries with more competitive production costs, obtain a low cost and keep prices competitive; and * Control operating costs thanks to up-to-date information systems. From these three suppositions, Mango provides us with a drastic change in the traditional textile sector in: * Developing a global brand concept through fast adaptation to the ultural habits using the design of articles which are adapted to the geographic area * Developing a production management system with third party companies through which it controls the quality of the clothes * Developing SLM (Mangos Logistics System) which eases product distribution, reduces transport and handling costs, manages inventories on a global scale in real time, and allows for f lexibility in reaction to the various changes in the environment. The concept of a global brand, the efficiency of its computer and logistics systems, as well as its team of professionals have been key factors for Mangos sustained growth over these years. The boutique climate of the store through design and decoration leads to a purchase, the meticulous selection of personnel to project a coherent image, a collection of their own stores and franchise-holders that emanate the same style. Presently, the company is developing a dynamic advantage in dealing 13with continuous changes in the environment. This requires continual readjustment to productive-logistic processes through IT. This competitive advantage along with the culture of human relations means that the business model can continue to maintain its sustained growth. 7. BIBILOGRAPHY www. mango. com www. fashiongear. fibre2fashion. com www. slideshare. net

Free Essays on A Whole, New, Quantum World

From the origin of the universe to laser eye surgery, quantum physics has appeared in almost every facet of life since its birth. It has given new explanations and perspectives on many already accepted fields. These fields include biology, chemistry, ecology, and religion. Quantum physics has also created new fields which use its principle to seek explanations. An example of such a field is quantum cosmology, which seeks an answer for the origin of the universe and the nature of celestial bodies. Different applications of quantum physics have also appeared in a multitude of fields. Some of these fields include medicine and power sources. Also, some fields have been created for the application of the principles of quantum physics. These new fields include nanotechnology, quantum computing, and quantum game theory. The unique (and sometimes bizarre) principles of quantum physics have also changed people’s method of thinking. This new way of thinking has even affected the arts. T he principles of quantum physics have changed almost every field of thought as well the people who study it. Some principles of quantum physics which have had a substantial effect on the world include Bell’s theorem, the Copenhagen interpretation, and superposition. Bell’s theorem says reality must be non-local. Non-locality means that the observed activities of a particle are affected by a multitude of outside factors. This idea allows one to view each thing as being connected with everything else in the world. The Copenhagen interpretation is another principle which has had far reaching effects. Nick Herbert describes this interpretation when he says, â€Å"The Copenhagen interpretation holds that in a certain sense the unmeasured atom is not real: its attributes are created or realized in the act of measurement† (xiii). This interpretation means that an object does not have its attributes until they are observed by something else. One other influential prin.. . Free Essays on A Whole, New, Quantum World Free Essays on A Whole, New, Quantum World From the origin of the universe to laser eye surgery, quantum physics has appeared in almost every facet of life since its birth. It has given new explanations and perspectives on many already accepted fields. These fields include biology, chemistry, ecology, and religion. Quantum physics has also created new fields which use its principle to seek explanations. An example of such a field is quantum cosmology, which seeks an answer for the origin of the universe and the nature of celestial bodies. Different applications of quantum physics have also appeared in a multitude of fields. Some of these fields include medicine and power sources. Also, some fields have been created for the application of the principles of quantum physics. These new fields include nanotechnology, quantum computing, and quantum game theory. The unique (and sometimes bizarre) principles of quantum physics have also changed people’s method of thinking. This new way of thinking has even affected the arts. T he principles of quantum physics have changed almost every field of thought as well the people who study it. Some principles of quantum physics which have had a substantial effect on the world include Bell’s theorem, the Copenhagen interpretation, and superposition. Bell’s theorem says reality must be non-local. Non-locality means that the observed activities of a particle are affected by a multitude of outside factors. This idea allows one to view each thing as being connected with everything else in the world. The Copenhagen interpretation is another principle which has had far reaching effects. Nick Herbert describes this interpretation when he says, â€Å"The Copenhagen interpretation holds that in a certain sense the unmeasured atom is not real: its attributes are created or realized in the act of measurement† (xiii). This interpretation means that an object does not have its attributes until they are observed by something else. One other influential prin.. .

10 Tips for Better Business Writing

10 Tips for Better Business Writing 10 Tips for Better Business Writing 10 Tips for Better Business Writing By Mark Nichol Writing in a business environment is an activity with associated norms, challenges, and opportunities. Keep the following points in mind as you craft communication in the context of a company or an organization. 1. Clarity Be clear. Clarity is the primary goal of all communication, and in business writing, the degree of transparency in one’s message can determine whether one succeeds or fails in a venture, whether you’re transmitting a report or closing a deal. State the intention of your message, provide the necessary details, and request the precise response you need or want. 2. Active Voice Employ active construction (subject-verb-object). â€Å"This report was sent to me by John Smith† is not wrong, and it’s probably the best choice if you want to distinguish one report from another, but consider whether â€Å"John Smith† should be the subject of the sentence; the active syntax is more vigorous, and usually more appropriate. 3. Direct Language Construct concise, declarative statements. Your goal is to provide or invite information, or to persuade or be persuaded. Your time is valuable to you, but the recipient or recipients of your communication also have constraints and deadlines, so take the time to express yourself with economy and directness. 4. Simple Words Favor plain, clear words and phrases over technical terms, jargon, or buzzwords. Take care not to complicate your vocabulary or stiffen your tone in an attempt to seem more businesslike or expert. By all means, use proper terminology to enhance clarity and demonstrate your knowledge and skills, but imagine how you would speak to your intended audience, and write with a conversational glossary in mind. 5. Tone Strike a balance in tone that depends on the particular context of the communication. Even within categories (memos, whether in print or in email form, or marketing content), the feel of the correspondence will depend on many factors. Consult with management and colleagues, study precedents, and consider the audience when settling on the voice of a particular message. 6. Role Consider the role of a particular piece of communication. If it’s summarizing a report, don’t go into so much detail that the report itself is unnecessary (unless, of course, you’re providing an executive summary for a company leader who doesn’t have time to read it). If it’s part of a larger project, match your writing style to the approach of the overall suite of materials. 7. Goal Focus on the expected or hoped-for outcome. Whether you’re writing to a superior or a subordinate, or to a colleague or someone outside your company or organization, be clear but courteous about the goal of your correspondence. 8. Candor Avoid euphemisms or generic references; name topics outright. Diplomacy is a foundation of successful business transactions, but you can undermine success by seeming too solicitous or vague about sensitive matters. Be forthright in your discussion. 9. Formality Standards for business correspondence have become more relaxed, but maintain a professional tone, avoiding slang or text-speak, exclamation points, and overly informal salutations and sign-offs. 10. Words with Friends Be cautious about making exceptions about formality when corresponding with coworkers or associates you consider friends or confidants. Just because you dish or swear when the two of you chat in person doesn’t mean you should do so in email messages or other electronic communications located on a company network. Drop the formality a notch, certainly, but don’t document your lapses in professional behavior. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Business Writing category, check our popular posts, or choose a related post below:Creative Writing 10155 Boxing IdiomsPlurals of Proper Names

Interpersonal Communication Essay Example | Topics and Well Written Essays - 5000 words

Interpersonal Communication - Essay Example Discourse analysis involves such aspects as small talk, talk-in-interaction and also computer-mediated communication. Small talk is a causal type of conversation which is used to break an awkward silence between two people (Goffman, 1981). Thus it is considered as a strategy in managing the interpersonal distance. This is vital as sometimes it is not ethical to be without saying anything. There are certain instances and situations in which small talk is considered appropriate. There are also some commonly used topics in small talk. Thus small talk facilitates the creation of a positive face among the people and it can have at the beginning or at the end of the conversation. Computer Mediated Communication (CMC) is described as some form of communicative transaction that occurs between two or more computers which are in a network. Basically this term has been utilized to define interactions that take place through computer-mediated formats such as e-mails, chat rooms and instant messaging (Thurlow, Lengel & Tomica, 2004). However it also involves other forms of communication such as text messaging. Research on CMC concentrates mostly on social impact of computer-supported communication technologies. CMC is a concept that has been evolving over time with the advent of technology. Sometimes there is deviation from the conventional means such as the use of audio visual technologies in contrast to the totally text based forms of communication. Analysis Discourse Analysis (DA) is a method that has been used to analyze written, spoken or signed language in any significant semiotic activity. It is a qualitative approach that has been developed by psychologists (Heritage, 1997). The objectives are; 1. Analyze natural occurring of language, which is not invented before. Related activities are Corpus linguistics and text linguistics. 2. Define coherent sequences of speech acts or sequence of statements 3. Define syntax, lexicon, style, speech act and aspects of interaction 4. Define various types of disclosures in media, education science and business Discourse analysis is begins with research questions which are not formal sense. Aim theoretical positions when preparing questionnaire (Potter, 1997). This can be a text which is deconstructive but relate to identities. Topics can be identified including men's friendships, Family background inquiries, about marriage, and so on. It identifies the theoretical orientation to understand the analysis and also try to understand themes in what people want. With the help of utterance it can be abstracted about what is being said. But there will be inconsistency and sometimes an attempt to arise blame, regular interruption of people, and so on. 1. Report collected information that can be abstracted. 2. Critique own interpretations 3. Reconsider the research question and state what theory and practice in Psychology can be applied. In normal day-today usage it could be mentioned that the term text is used exclusively to define written language, whereas discourse is used to describe spoken language exclusively. However Linguists have in recent times use the term text to define all types of utterances. A few examples of text maybe a magazine article, a television interview or a cooking recipe. Text Linguistics is defined as "the formal account of the linguistic principles governing

Food production and urban living with key challenges Essay - 1

Food production and urban living with key challenges - Essay Example This essay discusses that If thoughtfully implemented, community-based sustainable initiatives can open new doors of opportunities for women (IAASTD, 2009, p2). Women’s involvement in agricultural production ranges from 20 to 70% globally; their participation is rising in many developing countries, especially because of the popularization of export-oriented farming. Although such developments have benefited women, the still larger proportion of rural women faces deteriorating health and work environment because of a number of factors like low education, etc. A policy that takes into account interest of women while formulating sustainable agriculture can be very effective.In Canada, agriculture is a $50-billion-a-year industry, employing directly and indirectly 14% of Canada’s workforce and contributing about one-third of the nation’s trade surplus. According to IAASTD, the commitment of the government in implementing any project is of vital significance. In North America in particular, implementation of sustainable development would require mobilizing citizens and states to empower all forms of community capital. If sustainable community- based initiatives are applied creatively with the active involvement of stakeholders, misuse of natural resource can be reversed, leading to the judicious use of water bodies, land, and ecosystem as a whole. Any long-term strategy for sustainable development would require linking the ‘three pillars’ of ‘sustainable development,’ namely ‘economic, environmental, and social.’

Phidias & Associates Essay Example for Free

Phidias Associates Essay In the best interest of the productivity and success of Phidias Associates, I’d like to suggest the adoption of a corporate strategy already in use by NASA and other leading countries across the world. Corporate napping is an exceptionally cost-effective and efficient way to improve the accuracy, alertness, and speed of workers by as much as 34%. The conversion of Phidias Associates to a nap friendly zone would enhance the experience of around 92% of employees. Immediate improvements in energy, creativity, problem-solving, and job satisfaction would be in the bright future of this company. The first step to realizing the reality of this advancement is the addition of a nap room to the offices of Phidias Associates. What other room in our building can offer such impressive gains for our country? A nap room doesn’t need to be elaborate. Many companies utilize a sound proof room, several couches, and a dimmer switch to provide a place for employees to recharge and renew. Rather than rearranging the office space, I’ve discovered an even easier alternative for the company to immediately begin reaping the benefits of corporate napping. The company MetroNaps rents and sells individualized EnergyPods to high-paced future-thinking organizations like Phidias Associates. For only $12,485, we could purchase an EnergyPod. There’s also the option to rent EnergyPods for only $10/per employee/per month. A productivity boom is only a small investment away! In addition to a place to nap, our employees will require one other change to fully embrace this advancement. In America, a strong negative stigma surrounds the concept of napping in the workforce. This judgment is holding back our country’s and company’s potential for success. Other countries, like Japan, and some of our own country’s top leaders, like Thomas Edison and John Kennedy, utilized napping for its purpose-the restore energy. A few brief informative meetings and distribution of educational materials could change the mindset of Phidias Associates to view napping as a tool for our company’s growth. Ten and twenty years ago, large and successful companies modernized their facilities by adding fitness centers. Realizing that physical and mental health extends beyond the benefits of exercise, corporate napping is what’s missing from our organization. By becoming a leader in the industry, we can harness the secret gains of this largely unknown trick to boosting productivity. Nap rooms benefit the executives, the employees, and the advancement of Phidias Associates. Please consider the lofty paybacks of installing a nap room and e-mail me your reply.

HRM Issues in China Essay examples -- Human Resources Management Chine

Issues affecting International Human Resource Management in China â€Å"Napoleon called China a sleeping dragon and said there would be woe to the world when the dragon awakes. As the world knows, the dragon is more than stirring.† Introduction The Chinese believe that the Great Dragon ruled the Middle Kingdom of the world for nearly four thousand years. For most of this period China was a great trading nation. Then the dragon fell asleep for two centuries, while China collapsed under the effects of colonialism, until in 1978 Deng Xiao Ping woke the dragon up. And now the Chinese dragon is back, hungry to take its place as the economic and cultural superpower of the 21st century. Nowadays China is often called the world’s largest market. Many people might think that it is very easy to start business in China and that success is guaranteed because of the huge potential of the market. But that isn’t true. Making successful business in China is not that easy as it might seem. There are many potential problems which can arise. For instance the Chinese civilisation is five thousand years old and because of that the Chinese culture, tradition and value system have a significant impact on the different business processes. As the largest country in population, China has 50 plus different minority groups of people each have its own culture, custom, norm, tradition, even unique holidays and languages. Also, as one of the top three nations in land size, China is geographically divided into many regional centres across the nation each has unique cultural aspects in terms of tradition, value, social norm, belief, and organisational features. Those unique cultural factors will present numerous challenges to foreign investors and international joint venture managers. In this essay I want to discuss issues effecting human resource management which is, according to many foreign executives, the greatest challenge for Western companies in China today. The significance of culture in international Human Resource Management According to Hofstede the influence of national culture is important to management for three reasons. The first is political and institutional. There are differences between the countries in formal institutions such as government, legal systems, educational systems, labour and employer’s association, and the way they are used. The secon... ...-158. Hofstede, Geert: http://www.geert-hofstede.com/hofstede_china.shtml, 1.12.2004. Huo, Paul / von Glinow, Mary Ann: On transplanting human resource practices to China: A culture-driven approach, International Journal of Manpower 16(9), 1995, p. 3 - 15. Huczynski, Andrzej / Buchanan, David: Organizational Behaviour – An Introductory Text, 4th edition, London: Prentice Hall, 2001. McClenahen, John S.: China’s Cultural Challenge, Industry Week 253(4), 2004, p. 10 - 12. Meier, Johannes /Perez, Javier /McKinsey: Solving the puzzle: MNCs in China, Business Source Premier Database, 1995. Scarborough, Jack: Comparing Chinese and Western Cultural Roots: Why ‘East is East and †¦Ã¢â‚¬â„¢, Business Horizons 41(6), 1998, p. 43 - 50. Wang, Yuan / Zhang, Xin Sheng / Goodfellow, Rob: Business Culture in China, 1st edition, Singapore: Butterworth-Heinemann, 1998. Wilson, Jonathan / Brennan, Ross: Market entry methods for western firms in China, Asia Pacific Journal of Marketing and Logistics 15(4), 2003, p. 3 - 18. Yang, Jiaqin / Lee, Huei: Identifying key factors for successful joint venture in China, Industrial Management & Data Systems 102(2), 2002, p. 98 - 109.

Adavantages of Management Accounting Information

Advantages of management accounting information The provision of management accounting information are for the intention of planning, control and decision making which may contribute to the success of an organization. Management accounting is the process of gathering information about economic activity that will be advantageous for the organization.For the planning of an organization, the manager can use the historical, present and future information obtained from management accounting which based on the organization’s situation and position in predicting organization’s future needs, setting clearer objective and implementing specific strategies that can bring achievement to the organization. After interpreting relevant management accounting information provided, it will be more efficient for the organization to apply and realize their planning and objective that had been set earlier.For the planning of an organization, the manager can use the historical, present and fu ture information obtained from management accounting which based on the organization’s situation and position in predicting organization’s future needs, setting clearer objective and implementing specific strategies that can bring achievement to the organization. After interpreting relevant management accounting information provided, it will be more efficient for the organization to apply and realize their planning and objective that had been set earlier.Management accounting able to assists the manager in controlling organization’s cash flow and improve financial stability which included the costs and business operational expenses. With the management accounting information obtained, the manager is able to review the cost of economic resources and other business operations. Therefore, the manager is clearer and familiar with the estimation of cost needed to run the business. Manager can analyze the quality of economic resources consumed in producing goods by us ing the management accounting information.As an example, if the overall quality of product would not be affected significantly by replacing with cheaper raw material, the manager can change towards a reduction of production costs. Budgeting is considered as major part of management accounting. To create an effective financial plan with lower operational expenses, manager able to analyze necessary and unnecessary business expenses based on the budget plan obtained from management accounting information in the pathway of saving money for the organization. In ontrast, there is also some limitation of management accounting information which based on financial and cost accounting. The interpretation of financial information usually depends on the interpreters’ judgments. The accuracy of decision mostly will be affected by their personal bias or prejudices. Manager usually uses management accounting information as a decision-making tool. This is because management accounting inform ation consists of specific and accurate details related to different competitors, market and industry the organization involved.With the analyzed data such as competitive advantages, consumers’ demand, potential sales and consumers’ response to price change, manager is able to make decision among all other business opportunities. In contrary, there are some limitations of the management accounting information. The quality of the information is restricted with the proper understanding and knowledge of the management accountants who provided the information.They may be lack of knowledge in related subject such as Statistic and economics, thus it will lead to inaccurate management accounting information. In conclusion, it is foreseeable that management accounting information is important and can be known as a business tool for the organization although it may has some limitations. But, it can also overcome by applying expertise and professional training for every level of management in the organization.Therefore, the information still able to assists in internal operation management of an organization. Furthermore, all decisions of the organization rely heavily management accounting information due to the reason it identifies all the factors that will affect the organization to succeed. ABMC 2023 MANAGEMENT ACCOUNTING FUNDAMENTALS TUTORIAL GROUP: 2DAC4 WORD COUNT: 2997 NAME| STUDENT ID| KHOR SEONG SENG| 11PBD05485| KHOR PEI CHIEN| 11PBD03114| KHOR SHER LEE| 11PBD06416| ONG KAR SIN| 11PBD03057| YE YUN SHENG| 11PBD04700|

Constraints in Popularising Debit Card

A SUMMER PROJECT REPORT ON Constraints in Popularization of Bank of Baroda Debit Card By PRAVIN MANDORA [pic] STEVENS BUSINESS SCHOOL A report submitted in partial fulfillment of the requirements of MBA Program Submitted to Bank of Baroda Acknowledgement The completion of any task depends upon the co-operation, coordination and consolidated efforts of several resources of knowledge, energy, and time and above all the proper guidance of the experienced bankers. Therefore I approached this matter of Acknowledgement through these lines trying my best to give full credit where it deserves.I wish to express my gratitude to our institute, which has provided me the opportunity to fulfil the most cherished desire to reach my goal. I am thankful to all those who generously helped me to compile this project with their knowledge and expertise. Firstly I owe a great debt to, STEVENS BUSINESS SCHOOL for obliging the project, thus giving me chance to broaden my horizon and providing me all necessa ry resources in college to assist me in the project. Also I owe a great debt to Mr. B. N. Menon, Sr.Manager (IT) of Bank of Baroda who has been nominated as mentor for my project and also thankful to all staffs of BOB as well as Head Office of Bank of Baroda for providing me the necessary guidelines regarding the project, for helping me to track the first hand information and supporting me in the carrying out the project successfully. As well as reposing a belief in me, this was essential for the completion of this project. I express my sincere thanks to Mr. PRIYA KUMAR, Senior Manager (HRM) at Regional Office Bank of Baroda Ahmedabad for giving me the opportunity to choose this topic and the project.I would also like to thank all the persons for their contribution for shaping up of this project, which helped me directly or indirectly in completing this project. 2. Preface The project is prepared during the vocational training under taken on partial fulfillment of the course of â₠¬Å"Master of Business Administration† Hence, this report is designed with the objective to gain practical knowledge. According to old saying there is a huge difference between â€Å"To say and to do†. To take theorical knowledge is important but it becomes more valuable when we apply it in the practice.So, there is a huge difference between theory & practical. For filling this requirement training in Bank of Baroda is very practical exposure for me. This training provides golden opportunity for every student, for better understanding in a working environment in the organization. Hence, this report is designed with the objective to gain practical knowledge. Table of Context |Sr no. |Topic |Pg No. |1 |Indian Banking Industry |5 | |2 |Opportunities in the Indian Banking Sector   |17 | |3 |History of BOB |19 | |4 |Personal Banking Services |27 | |5 |Debit Card |30 | |6 |Bank Of Baroda Debit Card |34 | |7 |SWOT Analysis |38 | |8 |Findings |41 | |9 |Research and develop ment |59 | |10 |Learning |61 | |11 |Experience at Bank of Baroda |62 | |12 |Bibliography |63 | [pic] Indian banking industry Introduction to Indian Banking Industry The banking system remains, as always, the most dominant segment of the financial sector. Indian banks continue to build on their strengths under the regulator's watchful eye and hence, have emerged stronger.In the annual international ranking conducted by UK-based Brand Finance Plc, 18 Indian banks have been included in the Brand Finance ® Global Banking 500. In fact, State Bank of India (SBI), which is the first Indian bank to be ranked among the Top 50 banks in the world, has improved its position from 36th to 34th, as per the Brand Finance study released on February 1, 2011. The brand value of SBI has enhanced to US$ 1. 12 billion. ICICI Bank, the only other Indian bank in the top 100 club has improved its position with a brand value of US$ 2. 5 billion. Indian banks contributed 1. 7 per cent to the total global brand value at US$ 14. 74 billion and grew by 19 per cent in 2011, according to the study. Nationalized banks, as a group, accounted for 51. per cent of the aggregate deposits, while State Bank of India (SBI) and its associates accounted for 22. 5 per cent, according to Reserve Bank of India's (RBI) ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks: September 2010'. The share of New private sector banks, Old private sector banks, Foreign banks and Regional Rural banks in aggregate deposits was 13. 5 per cent, 4. 5 per cent, 5. 2 per cent and 3. 1 per cent respectively. With respect to gross bank credit also, nationalized banks hold the highest share of 50. 9 per cent in the total bank credit, with SBI and its associates at 23. 1 per cent and New Private sector banks at 13. 7 per cent.Foreign banks, Old private sector banks and Regional Rural banks held relatively lower shares in the total bank credit with 5. 2 per cent, 4. 5 per cent and 2. 5 per cent respectively. The report also found that scheduled commercial bank offices (with deposits of US$ 2. 25 or more) accounted for 66. 2 per cent of the bank offices, 96. 6 per cent in terms of aggregate deposits and 93. 8 per cent in total bank credit. Bank loans registered a growth of 21. 38 per cent in 2010-11, while deposit growth stood at 15. 84 per cent, according to data released by RBI. Analysts and bankers said a growth rate of 18 per cent in deposits and 20 per cent in credit should be sustainable for banks in 2011-12. India's foreign exchange reserves stood at US$ 308. billion as on April 8, 2011, according to the data in the weekly statistical supplement released by RBI. Indians who live and work abroad have remitted US$ 55 billion in 2010 as compared to US$ 49. 6 billion in 2009 and have topped the world list in sending money back home, according to World Bank's Migration and Remittances Fact book 2011. With online money transfer services provided by many banks becoming popu lar, remitting money from any corner of the world is no more a problem. History of Indian Banking Industry Banking in India originated in the first decade of 18th century with The General Bank of India coming into existence in 1786. This was followed by Bank of Hindustan. Both these banks are now defunct.The oldest bank in existence in India is the State Bank of India being established as â€Å"The Bank of Bengal† in Calcutta in June 1806. A couple of decades later, foreign banks like Credit Lyonnais started their Calcutta operations in the 1850s. At that point of time, Calcutta was the most active trading port, mainly due to the trade of the British Empire, and due to which banking activity took roots there and prospered. The first fully Indian owned bank was the Allahabad Bank, which was established in 1865. By the 1900s, the market expanded with the establishment of banks such as Punjab National Bank, in 1895 in Lahore and Bank of India, in 1906, in Mumbai – both of which were founded under private ownership.The Reserve Bank of India formally took on the responsibility of regulating the Indian banking sector from 1935. After India's independence in 1947, the Reserve Bank was nationalized and given broader powers. Nationalization By the 1960s, the Indian banking industry has become an important tool to facilitate the development of the Indian economy. At the same time, it has emerged as a large employer, and a debate has ensued about the possibility to nationalize the banking industry. Indira Gandhi, the-then Prime Minister of India expressed the intention of the GOI in the annual conference of the All India Congress Meeting in a paper entitled â€Å"Stray thoughts on Bank Nationalisation. † The paper was received with positive enthusiasm.Thereafter, her move was swift and sudden, and the GOI issued an ordinance and nationalised the 14 largest commercial banks with effect from the midnight of July 19, 1969. Jayaprakash Narayan, a nationa l leader of India, described the step as a â€Å"masterstroke of political sagacity. † Within two weeks of the issue of the ordinance, the Parliament passed the Banking Companies (Acquition and Transfer of Undertaking) Bill, and it received the presidential approval on 9th August, 1969. A second dose of nationalization of 6 more commercial banks followed in 1980. The stated reason for the nationalization was to give the government more control of credit delivery. With the second dose of nationalization, the GOI controlled around 91% of the banking business of India.After this, until the 1990s, the nationalized banks grew at a pace of around 4%, closer to the average growth rate of the Indian economy. Liberalization In the early 1990s the then Narasimha Rao government embarked on a policy of liberalization and gave licenses to a small number of private banks, which came to be known as New Generation tech-savvy banks, which included banks such as UTI Bank (now re-named as Axis Bank) (the first of such new generation banks to be set up), ICICI Bank and HDFC Bank. This move, along with the rapid growth in the economy of India, kick started the banking sector in India, which has seen rapid growth with strong contribution from all the three sectors of banks, namely, government banks, private banks and foreign banks.The next stage for the Indian banking has been setup with the proposed relaxation in the norms for Foreign Direct Investment, where all Foreign Investors in banks may be given voting rights which could exceed the present cap of 10%,at present it has gone up to 49% with some restrictions. The new policy shook the Banking sector in India completely. Bankers, till this time, were used to the 4-6-4 method (Borrow at 4%; Lend at 6%; Go home at 4%) of functioning. The new wave ushered in a modern outlook and tech-savvy methods of working for traditional banks. All this led to the retail boom in India. People not just demanded more from their banks but al so received more. Current Situation Currently (2007), banking in India is generally fairly mature in terms of supply, product range and reach-even though reach in rural India still remains a challenge for the private sector and foreign banks.In terms of quality of assets and capital adequacy, Indian banks are considered to have clean, strong and transparent balance sheets relative to other banks in comparable economies in its region. The Reserve Bank of India is an autonomous body, with minimal pressure from the government. The stated policy of the Bank on the Indian Rupee is to manage volatility but without any fixed exchange rate-and this has mostly been true. With the growth in the Indian economy expected to be strong for quite some time-especially in its services sector-the demand for banking services, especially retail banking, mortgages and investment services are expected to be strong. One may also expect M, takeovers, and asset sales.In March 2006, the Reserve Bank of India allowed Warburg Pincus to increase its stake in Kotak Mahindra Bank (a private sector bank) to 10%. This is the first time an investor has been allowed to hold more than 5% in a private sector bank since the RBI announced norms in 2005 that any stake exceeding 5% in the private sector banks would need to be vetted by them. Currently, India has 88 scheduled commercial banks (SCBs) – 28 public sector banks (that is with the Government of India holding a stake), 29 private banks (these do not have government stake; they may be publicly listed and traded on stock exchanges) and 31 foreign banks. They have a combined network of over 53,000 branches and 17,000 ATMs.According to a report by ICRA Limited, a rating agency, the public sector banks hold over 75 percent of total assets of the banking industry, with the private and foreign banks holding 18. 2% and 6. 5% respectively. Growth of Indian banking industry The growth in the Indian Banking Industry has been more qualitative than quantitative and it is expected to remain the same in the coming years. Based on the projections made in the â€Å"India Vision 2020† prepared by the Planning Commission and the Draft 10th Plan, the report forecasts that the pace of expansion in the balance-sheets of banks is likely to decelerate. | | The total assets of all scheduled commercial banks by end-March 2010 are estimated at  Rs. 40, 90,000 crores. That will comprise about 65 per cent of GDP at current market prices as compared to 67 per cent in 2002-03.Bank assets are expected to grow at an annual composite rate of 13. 4 per cent during the rest of the decade as against the growth rate of 16. 7 per cent that existed between 1994-95 and 2002-03. It is expected that there will be large additions to the capital base and reserves on the liability side. The Indian Banking Industry can be categorized into non-scheduled banks and scheduled banks. Scheduled banks constitute of commercial banks and co-operative banks. T here are about 67,000 branches of Scheduled banks spread across India. As far as the present scenario is concerned the Banking Industry in India is going through a transitional phase.The Public Sector Banks (PSBs), which are the base of the Banking sector in India account for more than 78 per cent of the total banking industry assets. Unfortunately they are burdened with excessive Non Performing assets (NPAs), massive manpower and lack of modern technology. On the other hand the Private Sector Banks are making tremendous progress. They are leaders in Internet banking, mobile banking, phone banking, ATMs. As far as foreign banks are concerned they are likely to succeed in the Indian Banking Industry. Types of Banks The operations of all the banks in India are controlled by the Reserve Bank of India. All the Indian banks are governed by the RBI or Reserve Bank of India. This governing body took over the reasonability of formally regulating the Indian banks in 1935.The Reserve Bank of India was announced as the official Central Banking Authority for the smooth supervision of the banking industry in India. Banks in India are classified into 2 broad categories namely, Public sector banks and Private sector banks. The banking scenario in India has already gained momentum, with the domestic and international banks gathering pace. All the banks in India are following the ‘cost', determined by revenue minus profit model. This means that all the resources should be used efficiently to improve the productivity and ensure a win-win situation. To survive in the long run, it is essential to focus on cost saving. Previously, banks focused on the ‘revenue' model which is equal to cost plus profit.Post the banking reforms, banks shifted their approach to the ‘profit' model, which meant that banks aimed at higher profit maximization. The  History of banking  in India dates back to the early half of the 18th century. 3 Presidency Banks that were established in the country namely the Bank of Hindustan, Bank of Madras and Bank of Bombay can also be referred to as some of the oldest banking institutions in the country. The State Bank of India that was earlier known as the Bank of Bengal is also one of the oldest in the genre. To know about the types of banks in India, it is necessary that we first comprehend the banking system so as to be able to distinguish about its various types.All  types of Banks in India  are regulated and the activities monitored by a standard bank called the Reserve Bank of India that stands at the apex of the banking structure. It is also called the Central Bank, as major banking decisions are taken at this level. The other types of banks in India are placed below this bank in the hierarchy. The major types of banks in India are as follows: [pic] Public sector banks in India All government owned banks fall in this variety. Besides the Reserve Bank of India, the State Bank of India and its associate banks and about 20 nationalized banks, all comprises of the public sector banks. Many of the regional rural banks that are funded by the government banks can also be clubbed in this genre.Banks such as State Bank of India, Bank of Baroda, Syndicate Bank and Canara Bank are known as Public sector banks. Public sector banks are controlled and managed by the Government of India. Public sector banks have been serving the nation for over centuries and are well known for their affordable and quality services. The banking sector in India is mostly dominated by the Public sector banks. The Public sector banks in India alone account for about 75 percent of the total advances in the Indian banking industry. Public sector banks have shown remarkable growth over the last five four decades. Allahabad Bank was the first fully owned Indian bank. It was founded in the year 1865. Private sector banks in IndiaA new wave in the banking industry came about with the private sector banks in India. With policies o n liberalization being generously taken up, these private banks were established in the country that also contributed heavily towards the growth of the economy and also offering numerous services to its customers. Some of the most popular banks in this genre are: Axis Bank, Bank of Rajasthan, Catholic Syrian Bank, Federal Bank, HDFC Bank, ICICI Bank, ING Vysya Bank, Kotak Mahindra Bank and SBI Commercial and International Bank. The Foreign Banks in India like HSBC, Citibank, and Standard Chartered bank etc can also be clubbed here. Private Banks are banks like HDFC bank, ICICI Bank, UTI bank and IDBI bank.The concept of private banking was introduced about 15 years ago. These are the banks that do not have any government stakes. Private Banks have gained quite a strong foothold in the Indian banking industry over the last few years especially because of optimum use of technology. The Private Banks are accountable for a share of 18. 2 percent of the Indian banking industry. IndusInd Bank was the first private bank in India. Currently the bank is among the fastest growing Bank Private Banks in the country. IDBI which is ranked as the tenth largest global development bank is counted as one of the finest financial institutions in the subcontinent. List of Public sector and Private sector banks in India Public Sector Banks |Private Sector Banks | |Bank of Baroda |Bank of Rajasthan | |Allahabad Bank |Catholic Syrian Bank | |Central Bank of India |Bank of Punjab | |State Bank of Patiala |Dhanlakshmi Bank | |Andhra Bank |HDFC Bank | |Canara Bank |Karur Vysya Bank | |State Bank of Hyderabad |ING Vysya Bank | |Oriental Bank of Commerce |Laxmi Vilas Bank | |Dena Bank |Karnataka Bank | |State Bank of Mysore |South Indian Bank | |State Bank of Indore |United Western Bank | |UCO Bank |UTI Bank | |Vijaya Bank |Centurion Bank | |Syndicate Bank |City Union Bank | |State Bank of India |Development Credit Bank | |Bank of India |Federal Bank |Corporation Bank |ICICI Bank | |Ind ian Bank |IndusInd Bank | |Union Bank of India |Jammu & Kashmir Bank | |Punjab National Bank- | | |State Bank of Bikaner and Jaipur | | |State Bank of Travancore | | |Bank of Baroda | | Comparison between Private and Public Sector BanksThe Private sector banks introduced the concept of online banking in India. This was mostly because the private banks were technologically well equipped. Online banking is extremely common today since you can sit anywhere and go ahead with your banking transactions. You do not have to personally visit your bank. The Private sector banks were using state of the art technology and fully computerized systems since the time they entered the Indian market whereas the Public sector banks were not. However despite the technological challenges the public sector banks in India are still the preferred destinations for many as they are considered as safer options for money deposit.Cooperative banks in India With the aim to specifically cater to the rural pop ulation, the cooperative banks in India were set up through the country. Issues like agricultural credit and the likes are taken care of by these banks. Opportunities in the Indian Banking Sector In the five decades since independence, the Indian banking system has evolved through four distinct phases. The major reform took place in the fourth phase, with the recommendations of Narasimham Committee (1991). The important initiatives that were introduced were the provisioning and capital adequacy, deregulation of interest rates and easing of norms to enter the banking sector.Further, the merger and acquisition in the sector will add a new growth dimension, as it would create 3 -4 global sized banks. The presence of these banks will help the country to attract foreign direct investments, which in turn will drive the future growth in the Indian Banking sector. The report titled ‘Opportunities in the Indian Banking Sector’ provides a crisp and comprehensive analysis of the c urrent status and overall growth prospects of the Indian banking industry. The report provides an insight into the use of Information Technology in the sector and the impact of the Union Budget 2010-11 on the growth of the sector. The research presents a detailed PEST analysis of the industry which is substantiated with key findings.The report aims to investigate the opportunities that have been created in the industry in the areas of pension fund, rural banking and e banking. Moreover, the research also explains the impact of the Basel 3 norms on the functioning of the Indian Banks. ‘Opportunities in the Indian Banking Sector’ is an outcome of comprehensive research and analysis of the Indian Banking sector. The team has also mapped the competitive landscape of the sector and tried to shed light on the operations/strategies of the key players. Thus, the information available in the report is expected to enable the target audience in understanding the contemporary indus try scenario. Key findings in the report include: The Indian banking industry has been able to sustain the global economic crisis much better than other developing countries due to its robust capital structure. The implementation of Basel 3 norms will make it more immune to crisis and will guard the banking industry against market risk, interest rate risk and operational risk. Moreover, the creation of capital buffer will provide a cushion for periods of stress and will not lead to situations of insolvency. †¢ In a major move, undertaken by RBI to elevate financial inclusion in the country, additional branch licenses will be granted to private sector banks and NBFCs. This will further assist to ease the entry norms in the industry and attract new players.Additionally, the setting up of new branches will help in extending banking products and services to remote areas of the country. †¢ A paradigm shift in the banking system has been witnessed with the use of information tec hnology for implementation of total banking automation. Various software companies are launching software application packages for banks. For instance, Infosys has rolled out Finnacle which a core banking software, designed to offer solutions for e banking, CRM for requirements of retail, corporate and universal banking and core banking. Moreover, with the introduction of interbank mobile payment service by The National Payment Corporation of India, the retail customers can now avail 24*7 fund transfers.History of Bank of Baroda[pic] [pic] About Bank of Baroda A saga of vision and enterprise It has been a long and eventful journey of almost a century across 25 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance. It is a story scripted in corporate wisdom and social pride. It is a story crafted in private capital, princely patronage an d state ownership. It is a story of ordinary bankers and their extraordinary contribution in the ascent of Bank of Baroda to the formidable heights of corporate glory.It is a story that needs to be shared with all those millions of people – customers, stakeholders, employees & the public at large – who in ample measure, have contributed to the making of an institution. Our mission statement To be a top ranking National Bank of International Standards committed to augmenting stake holders' value through concern, care and competence. Our Logo Our new logo is a unique representation of a universal symbol. It comprises dual ‘B’ letterforms that hold the rays of the rising sun. We call this the Baroda Sun. The sun is an excellent representation of what our bank stands for. It is the single most powerful source of light and energy – its far reaching rays dispel darkness to illuminate everything they touch.At Bank of Baroda, we seek to be the source that w ill help all our stakeholders realise their goals. To our customers, we seek to be a one-stop, reliable partner who will help them address different financial needs. To our employees, we offer rewarding careers and to our investors and business partners, maximum return on their investment. The single-colour, compelling vermillion palette has been carefully chosen, for its distinctiveness as it stands for hope and energy. We also recognize that our bank is characterized by diversity. Our network of branches spans geographical and cultural boundaries and rural-urban divides. Our customers come from a wide spectrum of industries and backgrounds.The Baroda Sun is a fitting face for our brand because it is a universal symbol of dynamism and optimism – it is meaningful for our many audiences and easily decoded by all. Our new corporate brand identity is much more than a cosmetic change. It is a signal that we recognize and are prepared for new business paradigms in a globalised wor ld. At the same time, we will always stay in touch with our heritage and enduring relationships on which our bank is founded. By adopting a symbol as simple and powerful as the Baroda Sun, we hope to communicate both. The Heritage It all started with a visionary Maharaja's uncanny foresight into the future of trade and enterprising in his country.On 20th July 1908, under the Companies Act of 1897, and with a paid up capital of Rs 10 Lacs started the legend that has now translated into a strong, trustworthy financial body,  THE BANK OF BARODA. It has been a wisely orchestrated growth, involving corporate wisdom, social pride and the vision of helping others grow, and growing itself in turn. The founder,  Maharaja Sayajirao Gaekwad, with his insight into the future, saw â€Å"a bank of this nature will prove a beneficial agency for lending, transmission, and deposit of money and will be a powerful factor in the development of art, industries and commerce of the State and adjoinin g territories. † The Ethics Between 1913 and 1917, as many as 87 banks failed in India. Bank of Baroda survived the crisis, mainly due to its honest and prudent leadership.This financial integrity, business prudence, caution and an abiding care and concern for the hard earned savings of hard working people, were to become the central philosophy around which business decisions would be effected. This cardinal philosophy was over years of its existence, to become its biggest asset. It ensured that the Bank survived the Great War years. It ensured survival during the Great Depression. Even while big names were dragged into the Stock Market scam and the Capital Market scam, the Bank of Baroda continued its triumphant march along the best ethical practices. The Heroes No history is complete without mention of its heroes, mostly ordinary people, who turn in extra-ordinary performances and contribute to building an institution.Over the years, there have been thousands of such people. The Bank salutes these â€Å"unknown soldiers† who passionately helped to create the legend of Bank of Baroda. There were also the leaders, both corporate and royal, who provided the vision and guided the Bank through trail blazing years, and departing, left behind footprints on the sands of time. This Roll of Honor will be incomplete without mention of men, of the stature of  Maharaja Sayajirao Gaekwad, Sampatrao Gaekwad, Ralph Whitenack, Vithaldas Thakersey, Tulsidas Kilachand and NM Chokshi. Bank of Baroda salutes these leaders whose vision helped to create an institution. Offices and branches [pic] [pic]Shower of Awards & Accolades On Bank Of Baroda ? Bank of Baroda receives Skoch Award ? Bank of Baroda bags Bank of the year 2010 (for India) ? Bank of Baroda has bagged three awards from Association of Business Communicators of India in an award function held at Mumbai. ? Bank of Baroda has been conferred upon Best Bank 2010 award by the prestigious financial magazine, Business India in recognition of its consistent performance ? Bank of Baroda has been conferred upon Silver Award by Dainik Bhaskar group (DNA) ? Bank of Baroda has been awarded with prestigious Dalal Street- DSIJ PSU Award. ? CMD Shri M. D. Mallya is seen receiving the Skoch Challenger Award from Dr. C.Rangarajan, Hon’ble Chairman, Economic Advisory Council to the Prime Minister. ? Association of Business Communicators of India gives awards every year in various categories of Business Communication. Bank of Baroda got the Gold Trophy for the Indian Language Publication, Silver Trophy for the Corporate Website of the Bank, Bronze trophy for Bilingual Internal Magazine and CMD’s message. The Awards were received by Smt. Vindhya Ramesh, Dy. General Manager along with team members in an award function held in Mumbai. ? Shri Nandan Srivastava, General Manager in-charge (Official Language) receiving the   prestigious Millennium National Rajbhasha Shield constituted by Nat ional Hindi Academy Bank of Baroda has been conferred â€Å"Bank of the year† Award at India Leadership Conclave held in Delhi. ? Bank has won award for the leading Public Sector Bank in â€Å"Global Business Development† category at the Dun & Bradstreet Banking Awards 2009, held in Mumbai, on wednesday 18th February 2009. Journey from 1908 to 2009: 1908-1958 ? 1908: Maharaja Sayajirao Gaekwad III set up Bank of Baroda (BOB). ? 1910: BOB established its first branch in Ahmadabad. ? 1953: BOB established a branch in Mombasa and another in Kampala. ? 1954: BOB opened a branch in Nairobi. ? 1956: BOB opened a branch in Dar-es-Salaam. ? 1957: BOB established a branch in London. ? 1959: BOB acquired Hind Bank. 1960s-1970 1961: Merger of New Citizen Bank of India with BOB helped it increase its branch network in Maharashtra. ? BOB also opened a branch in Fiji ? 1962: BOB opened a branch in Mauritius. ? 1963: BOB acquired Surat Banking Corporation in Surat, Gujarat. ? 1964: B OB acquired two banks, Umbergaon People’s Bank in southern Gujarat and Tamil Nadu Central Bank in Tamil Nadu state. ? 1964: BOB lost its branch in Narayanjanj (East Pakistan) due to the Indo-Pakistan war. It is unclear when BOB had opened the branch. ? 1965: BOB opened a branch in Guyana. ? 1967: The Tanzanian government nationalized BOB’s three branches there and transferred their operations to the Tanzanian government-owned National Banking Corporation. 1969: The Government of India nationalized 14 top banks, including BOB. BOB incorporated its operations in Uganda as a 51% subsidiary, with the government owning the rest. 2000s ? 2000: BOB established Bank of Baroda (Botswana). ? 2002: BOB acquired Benares State Bank in Benares at the Reserve Bank of India’s request. ? 2002: Bank of Baroda (Uganda) was listed on the Uganda Securities Exchange (USE). ? 2003: BOB opened an OBU in Mumbai. ? 2004: BOB acquired the failed Gujarat Local Area Bank, and returned to Ta nzania by establishing a subsidiary in Dar-es-Salaam. ? BOB also opened a representative office each in Kuala Lumpur, Malaysia, and Guangdong, PRC. 2005: The Reserve Bank of India (RBI), has approved a joint venture between BOB, Bank of Maharashtra (BOM), and Oriental Bank of Commerce (OBC) to set up a bank in Malaysia. The new bank will reside in Kuala Lumpur, which has a large population of Indians. The initial capital required will be US$78 million; BOB will invest 40%, and the other two banks will invest 30% each. The JV is awaiting approval from the Malaysian Central Bank. Bank has built and commissioned its own State-of-the-Art Global Data Centre (DC) in Mumbai for running its centralized banking solution(CBS) and other applications in 1900+ branches across India and 20 other counties where the Bank is operating. ? BOB also opened a representative office in Thailand. ? 2006: BOB established an Offshore Banking Unit (OBU) in Singapore. 2007: In its centenary year, BOB's total b usiness crossed 2. 09 lakh crores, its branches crossed 1000, and its global customer base 29 million people. ? 2008: BOB opened a branch in Guangzhou, China (02/08/2008). ? 2009: Bank of Baroda registered with the Reserve Bank of New Zealand, enabling it to trade as a bank in New Zealand (2009/09/01) Personal Banking Services Bank of Baroda  believes in the strength and integrity of relationships built with its customers like you. With over 102 years of experience in the banking industry and a wide network of over 3412 branches  all over the country, we have always been active in extending financial support and adapting to your changing needs.Bank’s  Deposit Products,  Retail Loans,  Credit Cards  and  Debit Cards  help you with your growing financial needs. With facilities like  Lockers  we ensure that your valuables are safe with us. BOB’s countrywide branches offer convenience and ease in operating one’s account wherever they are. BOBâ₠¬â„¢s 24-hour ATMs enable to withdraw cash, check account balance and request for a new cheque book even after banking hours. Faster technology for better service Baroda Internet Banking / Baroda Mobile Banking, our latest Internet and Mobile banking initiatives enable you to operate your account just as you would in any of our branches. You can through the Internet check your balance, request for cheque books and print account details.Choose from our various products and services, that we sincerely feel will put a smile on your face; an investment we would like to bank on forever. | | | | Deposits Bank of Baroda  offers various deposit plans that you can choose from depending on the term period, nature of deposit and its unique saving and withdrawal features. Apart from competitive interest rates and convenient withdrawal options, BOB’s deposit plans offer other features such as overdraft facility, outstation cheque collections, safe deposit lockers, ATM's etc. Choose from   Fixed,  Current  and  Savings  Deposit plans. Fixed deposits are categorized into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.These deposit plans offer convenient solutions to both working individuals as well as senior citizens. Current and saving deposits are ideal for individuals who wish to take advantage of multiple benefits within the same plan and even be eligible to opt for overdrafts. Deposit Products & Services Fixed Current Saving Gen Next Services Gen- Next Junior Gen- Next Life style Gen- Next Power Gen- Next Suvidha Retail Loans A wide range of solutions for your financial needs Bank of Baroda  offers a wide range of retail loans to meet your diverse needs. Whether the need is for a new house, child's education, purchase of a new car or home appliances, BOB’s unique and need specific loans will enable his/her to convert dreams to realities. Products Home Loan | |Home Improvement Loan | |Loan Again st Future Rent Receivables | |Advance Against Securities | |Baroda Career Development Loan | |Two Wheeler Loan | |Traders Loan | |Baroda Ashray | |Home Loan TO NRIs/PIOs | |Mortgage Loan | |Education Loan | |Auto Loan | |Loan To Doctors | |Personal Loan | | | | | | | | | |Debit Card | |The  Bank of Baroda International Debit Card  is accepted at over  50000 Visa Electron ATMs in India and 1000000 ATMs worldwide. The | |card is also accepted at any 350000 merchant outlets in India and around 29 millions globally.The card enables you to enjoy the | |convenience of cash-less purchasing power without the fear of overdrawing your account | |Key Benefits and Features | |ATM daily cash withdrawal limit Rs: 25,000 (per transaction limit Rs. 15,000) and Point of Sales (POS) daily limit Rs. 50,000. | |Take advantage of the most widely accepted card and be able to withdraw from any ATM displaying the VISA logo, in India and | |abroad. | |At VISA Electron merchant shops, it can also serve as your electronic purse, and money gets debited instantly from your account, | |as you pay. | |The Card allows you to get mini-statements from Bank of Baroda ATMs, or to check the balance in your account, avoiding visits to | |even our nearest branches. | | | | | | | | | | | | | | | | | | | | |What's a Debit Card? | |A debit card is issued to an account and card holder uses the card the debit transaction is directly affected to his/her account | |to the extent of balance available. Whereas in credit card there is no need of account but a credit limited is granted up to which| |one can spend. | |How Does a Debit Card Work? | |When you use a debit card, the linked account is checked for the balance availability and the transaction debits (withdraws) the | |amount from the linked account, immediately.You can use a debit card to get cash from  ATM machines  or have it swiped like a | |credit card at shops or restaurants or swipe it through a pay phone to make a call. | |Making a Travel Budget With a Debit Card | |Naturally, you can't rely on your debit card for all your international transactions – imagine haggling with a street vendor, | |getting the price right and then trying to give him/her plastic! Remote hostels and many restaurants in third world countries | |don't accept credit cards (which is how debit cards are viewed in the business world).Thus, you'll need to make budget plans | |before you leave home so that you have traveler's checks and cash  and  some money in your checking account for use on your debit | |card. | |Let's assume you have a budget of $2000 for your trip. Decide how you're comfortable splitting that into the way you'll use it; | |$100 in traveler's checks (although travelers' checks are dead as disco, because carrying them is a pain on several levels — | |we've had banks in other countries refuse to cash them, we've lost them, etc. and so on), $400 in cash and $1500 left in your | |checkin g account, for example — that's $1500 on your debit card. | |If that $2000 represents your entire cash portfolio, consider setting up emergency precautions before you leave home.If someone, | |like Dad, is willing to loan you money, leave deposit slips with him so that if you spend all your money abroad, you can dial for | |dollars (using your debit card) and he can get some money into your account. If your debit card (your checking account) is almost | |empty, ask him to tell the bank to â€Å"memo post† the deposit so that the cash is immediately available and your debit card is | |quickly back in business. | |How to Get a Debit Card | |Chances are you were automatically offered a debit card when you opened your checking account. If you don't have a checking | |account, go open one now.Look for a bank that doesn't charge checking account fees, and ask for a debit card. | |It takes a few days to two weeks to get a debit card after you order it. When the card arrives, sign the back; have photo id with | |your signature handy when you use the card – merchants may want to compare your face and your signatures to protect themselves | |from fraud. | |How to Choose a Debit Card PIN Number | |Your debit card comes with a PIN (personal identification number) which can be changed to a number you can easily remember. | |Memorize it; if you have to write it down, keep that separate from your card.Don't choose an obvious number, like your birthday, | |in order to lessen the chances of someone else being able to guess your PIN number if they come into possession of your card. | | | | | |If You Lose Your Debit Card†¦ | |If your card is lost or stolen, call your bank a sap (Skype's a good, cheap choice for international calls from anywhere you can | |find a computer) before someone else spends your money. Write down your bank's number before you leave home and keep it in a | |couple of places – your journal, your guidebook. Set up an  i nternational snail mail address before you leave home so your bank can| |send you a different card if yours does get lost or stolen. | | | | | | |When to Use Your Debit Card | |Debit cards are handy when making a long distance room reservation or any internet reservation, including plane tickets. You can't| |use a debit card just like a credit card when renting a car – the companies require a major credit card, which offer a certain | |amount of insurance in case you have a fender bender. |About Debit Card Fees and Overseas Transaction Fees | |International ATM machines will charge a fee  when you use your debit card; the amount is determined by the ATM owner. Most fees | |are under $5 — a notice on the ATM machine will tell you what the fee is. More than $2 is too much — look for another ATM | |machine. | |The real fee problem with a debit card comes from your own bank — the card issuer may charge you up to 3 percent for a foreign | |transaction, in cluding an ATM withdrawal. Call your bank long before you go — if you don't like the fee, call around and ask what| |other banks are charging for foreign transactions made with a debit card; be sure to ask what, if any, fees the bank will charge | |for an ATM withdrawal made on foreign soil, even at an â€Å"international bank. | | | | | | | | | | | | | | | |Bank Of Baroda Debit Card | |What is a debit card? | |Debit Card is an electronic purse, which allows the holder to withdraw cash from ATMs and also enables him to purchase goods or | |services from the member establishments. Debit Cards are mostly issued in collaboration either with VISA or MASTER Card. | |What is Bank of Baroda’s Debit Card? | |Bank is issuing globally accepted Debit Card in association with VISA, which will be the easiest way to access customer’s account. |A debit card will allow the customer to purchase goods at VISA Electron merchant establishments and withdraw Cash from any VI SA | |ATM in India and abroad. It is a 24 hours banking facility. | |What is the difference between a Debit Card and a Credit Card? | |The basic difference between a Debit Card and a Credit Card is that the Debit Card gives the customer access to his own money | |whereas the credit card is a form of loan and allows line of credit offered by the Bank. As in case of Debit Card, there will be | |on line debit to the customer’s account, there are no hassle of receiving bills, making payments on due dates, making payment of | |interest on the amount not paid etc. |What is the advantage of a debit card? | |The debit card provides tremendous convenience in payments and helps the customers reduce the amount of cash they need to carry. | |Besides that customer always stays in control of his finances as he can spend only what he has in his account. It also gives an | |unparalleled access to his account, whenever he wants, wherever he goes. | |No Interest / service Charges | |Suits to the Indian psyche of limited expenditure. | |Debit card is not included in the list of Compulsory Income Tax Return Filing. |Usable at POS and hence no carry cash | |Same Card usable at ATMs | |Will customers be entitled to get an additional card in case of joint accounts? | |All the joint account holders, if the operating instructions in the account are ‘either or survivor’, are eligible to get an | |additional card in his/her own name. | |What are the charges for issuing of a Debit Card? | |There are no charges for issuing a debit card. | |What should customer do on receipt of DEBIT CARD? | |Customers are advised to immediately sign on the panel on the back of the Card. However, to prevent any possible misuse, even | |before delivery of Card to customer, it has been made mandatory that Customer should first use the Card at ATM, which requires PIN| |to be entered..Debit Card will be activated for use at POS only after it is used at ATM. | |What is PIN? | |PIN is a FOU R Digits Personal Identification Number, which is issued to the customer in a CLOSED Jacket and is delivered to him | |separately. Customers are requested to ensure that PIN jacket is received by them INTACT and they are also requested to change his| |PIN immediately. Under no circumstance, PIN should be divulged to anyone including to any official from the Bank. | | | |Where will Bank Of Baroda Debit Card be accepted? | |The  Bank of Baroda International Debit Card  is accepted at over 32000 Visa Electron ATMs in India and 1000000 ATMs worldwide.The | |card is also accepted at any 350000 merchant outlets in India and around 29 millions globally. The card enables you to enjoy the | |convenience of cash-less purchasing power without the fear of overdrawing your account. | |What are the facilities available at ATMs? | |At BANK OF BARODA’s ATM network, Customer will be able to withdraw Cash, make a balance enquiry, change his PIN and print a mini | |statement of his account. However, at all other banks ATMs he will be able to withdraw cash and enquire the balance only. | |Whether there are any charges for using CARD at ATMs? | |There will not be any charges for using the Card at Bank of Baroda’s own ATM network.However, if the Card is used at other banks | |ATM, whether in India or abroad, customer is required to pay the charges as per tariff of charges, which will be declared by the | |Bank from time to time. | |And what about charges for using the Card at POS? | |There will not be any charge for using the Card at the POS, either in India or abroad except a nominal service charge is levied if| |the card is used at Petrol Pumps and Indian railways. | |How the amounts withdrawn abroad or purchases made outside India are debited into the account? | |Normally the Cash can be withdrawn and payments for purchases can be made upto the amount of balance available in the account of | |the customer.However, for safety reasons Bank has fixed PER DAY limit of Rs 15000/- for withdrawing the Cash at ATMs and Rs | |25000/- for making purchases at the POS, subject to maximum of balance available in SB account. These limits are also subject to | |using the card MAXIMUM of FOUR times in a day. | |Are any formalities required to be completed by the Bank for international transactions? | |NO, the customer is required to use the Card as per his foreign exchange entitlements only and necessary formalities as required | |under FEMA 1999 are to be complied with by the customer. | | | |What will be the mode of payment in case of a Debit Card? | |The account of the customer will be debited instantly to the extent of purchases made and amount withdrawn from the ATMs. |Therefore, there will not be any monthly outstanding as in case of Credit Cards. | |If customer returns the goods to POS or cancel the transactions, will his account be credited online? | |In case he cancels the transaction immediately, customer’s account will be credited imme diately. However if any customer returns | |the goods later, merchant will make the payment to our Base branch through acquirer. Switch will pass on the credit to customer’s | |account thereafter. | |What is the procedure to be followed in case of loss of Debit Card? | |In case of loss of card, customer will be required to report the loss IMMEDIATELY over phone to our 24 hours Customer Care Toll | |free number 1800 220 400. He will also be required to report the loss to nearest police station and inform the Bank in writing | |along with a copy of information duly acknowledged by the Police. | |When will the customer get replacement card in lieu of lost one? | |Replacement card will be issued to customer after receipt of above information and a request for issuing of replacement card from | |the base branch of the customer. | |How can Customer prevent misuse of card in event of getting it misplaced? | |Customers are protected from the misuse/losses on the Debit Card after they report the loss to the Bank. They will be covered | |automatically under an insurance cover. Please note that this cover will be available to customers only for misuse of card atPOS,| |because at ATM misuse without PIN is not possible. Customer is neither supposed to divulge his PIN to anyone nor record the PIN | |anywhere. | [pic] SWOT Analysis SWOT ANALYSIS STRENGTH: ? Financially strong bank ? Very old bank ? Aggressive marketing ? Good repo ? Technological advanced WEAKNESS: ? Guidelines are not flexible ? Power is not decentralized OPPORTUNITIES: ? New area is developing. So, there is vast chance for housing loan. ? Guidelines to be designed in such a way that needs of the all type of prospective borrowers should be fulfilled. THREATS: ? This is the nationalized bank so, competition may be with private banks ?Aggressive marketing strategies by private banks ? Entry of foreign banks in near future. [pic] Findings and Research Methodology Findings Q. 1. Are you a customer of BOB ? [pic] Interpretation:- Around 91. 60% are Bank of Baroda customer, because these surveys are conducted in various branches of BOB only. So majority are customer of BOB. Q. 2. Which type of A/C do you maintain? [pic] Interpretation:- According to survey there are majority of respondent are maintaining saving account. It’s very easy to maintain and also only 1000Rs. are required for opening these type of account. Q. 3. How long are you banking with BOB? [pic] Interpretation:-According to total respondent 29 respondent are banking with Bank of Baroda lies between 1-5 years and 26 respondent are banking with BOB more than 5 years. Q. 4. Which of the following facilities of BOB you use? [pic] Interpretation:- According to respondent 40 customer are using ATM/Debit Card and 18 customer are using Net banking. These show those customers are using ATM/Debit card facilities more than other facilities. Q. 5. How frequently do you use AMT/Debit card? [pic] Q. 6. What purpose you are us ing AMT/Debit card? [pic] Q. 7. Select the type of Baroda Connect a/c you use? Q. 8. How did you come to know about Baroda Connect? [pic] Q. 9.Which of the following do you use in Baroda Connect facility? [pic] Q. 10. How frequently do you use Baroda Connect (net banking facility)? [pic] Q. 11. Select some of the benefits of using Baroda Connect? [pic] Q. 12. Do you have demate A/C? [pic] Q. 13. Satisfaction level of using ATM/Debit card: [pic] Q. 14. Satisfaction level of using Baroda Connect (Net Banking): [pic] Q. 15. How frequently do you visit the branch? [pic] Q. 16. What are purpose of visiting the brand? [pic] Personal Detail:- ? Gender:- [pic] ? Education:- [pic] ? Monthly Income (Rs. ):- [pic] Research & Development ACTUAL COLLECTION OF DATA Data sources: The sources of data include either secondary data or primary data and even ome times the combination of both. The present study is more concentration on both primary and secondary data. Primary data: Primary data is colle cted through face-to face interaction with customers of the telecom companies, by meeting them in personal. Secondary data: The secondary data used for their study are inclusive of the data collected from the internet, catalogues and brochure. SAMPLING PLAN 1 Define Population ? Elements: Customers ? Sampling Units: Businessmen, Professional, House wives, Students. ? Extent: West, North, South, East 2 Sampling Frame ? Various Branches of Bank of Baroda, Ahmedabad city. 3 Sampling Method ? Random Sampling METHODOLOGYThe study will conduct on the bases of survey through questionnaires given to respondents. Sampling Design Population: Ahmadabad Sample Size: Population of 60 LEARNINGS The most important part is that they make me feel employee of the organization rather than a trainee and allow me to flourish in each and every department. They were so generous to me that at any mistake, rather scolding they taught me how to correct it & allow me to learn from that mistake. Learning inclu de, 1. Overview of the banking industry & their operation 2. Deep Knowledge of ATM/Debit Cards 3. Familiar with third party Products and Alternative delivery Channels 4. Gain knowledge of loan 5.Proposals that the bank has approved for the disbursement of loan 6. Working on CRISIL and learning some of its function 7. The most important learning of CIBIL& how to learn this CIBIL 8. Knowledge & functioning of LAPS software 9. Also Updated with SME Loans, City back offices, Service branch, MICR centre. 10. How to come out from the different problems & how to interact with customer. 11. Awareness of FINACLE software. Experience at Bank of Baroda I would like to conclude my project with a feeling of having gained enormous knowledge in the field of advances. My project has taught me a lot and has helped me sharpen my management skills for application aspect.I had wonderful experience for which I am greatly thankful to the entire staff of BOB who have continuously taught me by guiding in each and every step. It was a memorable experience of working in such a lively & dedicated atmosphere. Not to forget to mention that my two months training has removed my misconceptions regarding the working of public sector bank. Lastly, I would conclude it was such a memorable experience for me to be a part of BOB. Thanks a lot to all staff members of BOB for such a good co-operation. BIBILIOGRAPHY ? www. bankofbaroda. com ? www. google. com ? http://www. ibef. org/industry/Banking. aspx ? www. cibil. com ? www. crisil. com [pic] ———————– [pic]