Barclays Bank PLC Is A Multinational Company Essay Example for Free

Barclays Bank PLC Is A Multinational Company Essay Amenities to attract highly skilled and creative persons at all important levels ? Tradition of closeness to key customers and target customers A business can differentiate itself by performing its existing value activities or reconfiguring in some unique ways. And the sustainability of that differentiation will depend on two things: a continuation of its high perceived value to buyers and a lack of imitation by competitors. There are many alternative strategic directions in which Barclaycard could implement in their current strategy of differentiation. These may include technology innovation or product/ service differentiation. Product/service differentiation Product differentiation occurs when, owing to differences in physical attributes, ancillary service, geographic location, information, and/or subjective image, one firms products are clearly preferred by at least some buyers over rival products at a given price (, 1990, ). For firms seeking to make their demand curve less elastic, successful differentiation provides an insulated position against competitors by enabling firms to sell a larger quantity at a given price or by allowing the firm to create brand loyalty in customers resulting in lower sensitivity to price. This uniqueness may build an entry barrier for competitors to overcome (, 1992; , 1980). However, being unique may require a trade-off with investment if achieving differentiation requires costly effort such as extensive research, product design, high quality materials, or intensive customer support. Thus, the firms employing the differentiation strategy cannot ignore costs and risk (, 1980). Horizontal product differentiation focuses on differences in attribute variety among competing brands. It occurs when one brand contains more of some attributes but less of some other attributes in comparison to another brand (). Consumers different tastes will exploit differing strong and weak points among brands given identical prices (, 1992). The shift towards consumerism is accelerating with significant implications in many of the markets in which we operate. Fundamentally, our view is that consumerism involves a shift in power from institutions towards consumers. The rapid transformation of the credit card industry – first with the severing of the traditional tie between bank accounts and credit cards and second, with the emergence of credit as a true commodity in the credit card industry illustrates this so well. Consumers in the past were grateful if they received credit it was seen as a right granted to a special few by a bank and hence banks held power over individuals. The value proposition was the availability of credit. Technology Innovation In the case of Barclaycard, it is could improve its operations and competitive advantage through real time design data driven tools. This tool would improve their credit limit strategies and increase their interest earning balances. A Fair, Isaac Model Builder for the decision trees may be used as this tool uses historical data to assist in identifying optimal account management strategies. Fair, Isaac Model Builder for Decision Trees is a PC Windows based application designed specifically to support data driven strategy design. It gives lenders the power to rapidly create new strategies in real time using multiple performance dimensions, to process large datasets rapidly so strategies at any point for greater understanding of the portfolio and transfers strategies to and from production application with ease, putting new strategies into production faster. This real time, highly interactive approach dramatically shortens the time between strategy creation and roll out. With Barclaycard objectives of the new strategies to increase interest bearing balances, increase turnover, control bad debt, and address attrition, Fair, Fair Isaac can be a big help for the organization. While the average number of cards in a person’s wallet has increased over the last five years, the value to an individual of having multiple cards will diminish in an environment where credit is a commodity.

The Time Machine Essay -- essays research papers

I choose The Time Machine, by H. G. Wells, for my movie book comparison. H. G. Wells copyrighted it in 1895. Rod Taylor and Yvette Mimieux played the main characters in the movie. It was directed by George Pal and opened in the year of 1960. There were two main characters in the book and the movie. One of them was the time traveler, George, whom Rod Taylor played. And the other one was Weena, the child like woman that George the time traveler saves. Yvette Mimieux played her. Both the characters in the movie and the book where very similar in a lot of ways but I think that George was more action packed in the movie and a little bit more aggressive. And Weena seemed to be a lot quieter in the book then in the movie and you could understand her more in the movie then in the book. The Time Machine starts out with the time traveler trying to explain the time machine and how it works to four other science guys. He goes on about four dimensions and how nobody thinks that there is a fourth dimension and how there is only three. He goes on describing the fourth dimension to them and then he demonstrates how the time machine works. The whole time he is demonstrating it the other four scientists don't know what to think. And then it disappears into thin air. All of his friends can't believe it and leave. Except one of his friends, David Filby a good friend of his. He tries to talk him into not going through with this whole time travel notion, and then he leaves. The time traveler desc...

Personal factors that can influence children’s development Essay

Family is a huge part of a child’s development. Older siblings could mean that the child has a good role model to look up to. If the child lives in an extended family could mean that the child has more strong relationships with different members of the family which could give them a strong sense of security. The child may live with one single parent, which could mean the child craves attention from other people because their parent is at work or away for other reasons. A child could get easily confused if their parent remarries which could add step-siblings to the family. Another reason that could affect a child’s development is their housing. Lack of personal space can cause tension between siblings or not having access to a garden or public play area can lead to the lack of physical skills and socializing skills. A child is likely to get jealous over a new baby. Sibling rivalry is common it could make a child feel left out. If they have to share a bedroom it could cause tension between them. Sharing a bedroom with a younger sibling may cause the older sibling not to get enough sleep. Read more:Â  Explain how children and young people’s development is influenced by a range of external factors essay External factors that influence a child’s development. Socioeconomics- Wealth and poverty of a child’s family can have a huge effect on a child’s development; it can determine opportunities like education. Nutrition- A child’s brain development relies of regular nourishment, eating healthy and keeping active reduces the risk of illness. Family and Society- Families can steer a child’s development in three ways; nurturing, stimulation and behavioural modelling. Education- A child’s first years are important for a child’s developing brain. A child needs interaction with adults and other children. Political Environment- Children who are brought into the world around war and threat on war can develop psychosocial stress. They could be affected by this for the rest of their lives.

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