Strategic issues in banking and insurance Essay

Strategic issues in banking and insurance - Essay Example In developed world where most of the sector is de-regulated and enjoy substantial degree of freedom and autonomy, political influences may not be there however, in developing countries, this may not be the case. Developing countries do not have very well grown financial sector and most of the institutions are either directly owned or controlled by the government themselves or governments have the substantial share in them. This allows the government to largely influence the banks especially to engage into practices which may not be in direct interest of the deposit holders of those banks. The era after 9/11 have seen a new shift into the industry in terms of influence of political forces on it. The anti-money laundering rules, terrorist funding etc were some of the key strategic issues which put extra pressures on the banks and insurance companies to devise methods and strategies which can effectively help in tackling issues like illegal money laundering, channeling of funds through SWIFT etc to the supposedly terrorist organizations etc. The current economic trends especially the crisis emerged due to the subprime mortgages is considered now as one of the great strategic challenge faced by most of the players in the financial sector industry. Subprime mortgages are considered as the threat which has largely been created by the banks themselves as they tend to violate their own prudent lending policies in order to capture the market. This has therefore provided them an opportunity to earn at the cost of incurring high cost. â€Å"Sub-Prime lending typically has been characterized as lending at relatively costly interest rates and fees to credit impaired or otherwise high risk borrowers.† (Lax, Manti and Raca). Subprime loans are among the newly popular mortgage products, such as interest-only loans, for people with strained budgets, including first-time buyers. Homeowners increasingly use them to refinance and consolidate household debts

New business proposal Essay Example | Topics and Well Written Essays - 4000 words

New business proposal - Essay Example This paper also contains the market analysis of the product, describing the industry, size of the market, and the description of the product. It is very difficult for the company to achieve success in penetrating the American market without ban elaborate and effective marketing strategy. This paper contains the marketing strategy that the organization should use, and the estimated financial flow that the project intends to attract. The company intends to start making some profits during its third year of operations. The product of the company under review is ASOS.com. This is a British online company that is responsible for selling beauty and fashion products. The target markets of the company are young adults. Furthermore, the company manages to sale over 850 clothing brands, and it also has its own brand of accessories and clothing materials. As of the year 2013, the company was able to make a sale of 753.8 million pounds. The products that the company manages to sale are menswear, womenswear, beauty products, jewellery, accessories, footwear. On each and every week, the ware house of the company normally comes up with new products, aimed at replacing the already sold out products. The major disadvantage is that these products removed from the warehouse are not unique (Sachdev, 2004). This is a major disadvantage to the company, and it ought to invest heavily in research and development for purposes of developing unique products aimed at catering for the needs of its target market. ASOS.com has various websites that target markets in USA, UK, Australia, Germany, China, Italy, Spain, Russia, etc. These are not the only countries that the company operates in, and this is because it normally ships its products to over 237 countries of the world. It has two distribution centres in the United Kingdom, which is responsible for undertaking this job. The company has approximately 21 million unique customers per month, and 7 million active or permanent