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Papa, Maura. "Blue ocean strategy in financial services?" reponame:Repositório Institucional do FGV, 2016. http://hdl.handle.net/10438/17741.
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The case is meant to give readers an overview about the concept of Blue Ocean Strategy. Throughout the text hints about what this strategy refers to are given. By knowing the traditional strategic concepts – those that are usually applied in “Red Oceans” – the reader should identify and distinguish them from the Blue Oceans concepts and tools and therefore be able to analyse the case from a different strategic perspective. Recognized examples of Blue Oceans are also given in the Appendix to the case. By learning what a Blue Ocean is, readers should then decide whether the case provided can be considered an example of it or not. The case starts with a brief description of the company, how it was created, how the founders got the idea of the innovative business model and how they developed it. The case describes a situation where the founders themselves discuss about whether their company can be considered an example of Blue Ocean or not. The case follows with other examples of well-recognized Blue Ocean Strategies, to help the reader make comparisons and decide whether the company can be considered itself as another example of it. Last, some possible questions, and suggestions on how to solve them, are provided. Here the reader can reflect again on the Red Oceans tools and see how these are differently applied in Blue Oceans kind of strategies.
O caso destina-se a dar aos leitores uma visão geral sobre o conceito de Estratégia do Oceano Azul. Ao longo do texto dicas são dadas sobre o que esta estratégia se refere. Ao conhecer os conceitos estratégicos tradicionais - aqueles que são geralmente aplicados em "Oceanos Vermelhos" - os leitores devem identificá-los e distingui-los dos conceitos e ferramentas dos oceanos azuis e, portanto, ser capazes de analisar o caso de uma perspetiva estratégica diferente. Exemplos conhecidos de Oceanos Azuis são dados nos Apêndices do caso. Ao aprender o que é um oceano azul, os leitores devem decidir se a empresa pode ser considerada um exemplo dou não. O caso começa com uma breve descrição da empresa, como ela foi criada, como os fundadores tiveram a ideia para a criação de um modelo de negócios inovador e como eles desenvolveram a companhia. O case descreve a situação onde os próprios fundadores discutem se sua empresa pode ser considerada um exemplo de Oceano Azul ou não. O caso continua com outros exemplos reconhecidos de estratégias de Oceano Azul, para auxiliar o leitor a realizar comparações e decidir se a empresa pode ser considerada um caso. Por último, questões e sugestões de como resolver os questionamentos, são disponibilizadas. Assim o leitor pode refletir novamente sobre as ferramentas de Oceano Azul e ver como elas podem ser aplicadas a diferentes tipos de estratégias.
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Johansson, Markus, Ola Arvidsson, and John Zerihoun. "Financial Institution’s Media Strategy : With respect to the Swedish financial market." Thesis, Jönköping University, JIBS, Business Administration, 2008. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-1112.
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Financial experts from various financial institutions are often seen in media. Media’s objec-tive towards the society is to report occurring events of interest to its audience. Media ap-pearances through giving expert opinions, is for financial institutions costless and a reason-ably effective way of promoting their top analysts and strategically position their firms. For the financial institutions, there exists competition for being allowed to participate and give expert reports when media is in need for a comment, and therefore a media strategy is con-sidered required. The purpose, used as guidance in this thesis, is to describe the Swedish financial media en-vironment and analyze why certain financial institutions are more active than others. The method when conducting research in this thesis is a combination of both an inductive and deductive approach. The underlying factor behind this choice, rests in the strive to ful-fill the purpose in most satisfying manner and receive as valid and reliable data as possible. The study also uses both quantitative and qualitative data. Statistical research in media companies’ databases and interviews with persons with key positions at the financial insti-tutions has been conducted. The thesis stresses the fact that the broadcasting companies approach strategies towards the Swedish financial industry differently. However, this thesis proves that another reality governs. In truth, all the broadcasting companies have common references for the most appealing financial expert when asking for expert opinions. The financial institution’s standpoints differ in the area of media appearance. The thesis concludes that financial institutions with the most prominent desire to participate and comment a broad range of financial segments in media are proved to be successful in this area. In general though, as a financial institution on the Swedish market, this thesis shows no correlation between having an outspoken media strategy and being successful in this field. This thesis concludes that when discussing which financial institutions that is more suc-cessful than others, the size of the company is important to take into consideration. The study has also proved that financial experts, often equivalent with the analyst, are appeared to be vital for any financial institution in order to succeed in media.
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Namuo, Clyne Gill Hanalei. "Reduced Financial Resources and the Strategic Position of Community Colleges: How an "Embedded Community College" Can Neutralize External Pressures." Diss., The University of Arizona, 2013. http://hdl.handle.net/10150/311458.
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This multi-site case study is really the story of three same-state community colleges (Bridge and Buffer Community College, Grants and Reserves Community College, and Crystal Ball Community College) two years after they suffered a potentially catastrophic 50% reduction in state allocations. This study examined their responses to those reductions and attempted to frame those responses according to existing research on strategic activity and strategic positioning. The theoretical framework used, referenced as a theoretical mesh, consisted of academic capitalism (Slaughter & Leslie, 1997; Slaughter & Rhoades, 2004), resource dependence theory (Pfeffer & Salancik, 1978), state relative autonomy perspective (Dougherty, 1994), and neo-institutional theory (DiMaggio & Powell, 1983). The synthesis of these theories facilitated the analysis of the findings of this study. This study identified three key phenomena: The Quartering of Community Colleges to conceptualize and organize the abundance of external pressures facing community colleges, Mandates to Neutralize to explain the importance of an aggressive and formal approach to neutralizing external pressures, and Embedded Community Colleges whose strategic positions are strengthened through a deliberate, committed approach to fostering close relationships with their local communities.
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Webb, Paul Bruce. "Financial strength as a predictor of pricing strategy." Thesis, Monterey, Calif. : Naval Postgraduate School, 1987. http://hdl.handle.net/10945/22266.
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The purpose of this thesis is to determine if the pricing strategy used by defense aerospace contractors can be explained using information readily available from the financial statements of the corporation and from compilations of industry financial data. The sample includes seventeen defense contractors within the aerospace industry and fifty-two aircraft and missile programs. Twenty-one financial ratios were developed from corporate financial data and compared with the industry average for the same ratio. The resulting values were correlated with the slope of the price reduction curve for the programs. A seven variable linear regression model was developed which is significant in explaining pricing strategy
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Gao, Yi, and Liangjun Ying. "Business to consumer web-site under the financial crisis." Thesis, Halmstad University, School of Business and Engineering (SET), 2009. http://urn.kb.se/resolve?urn=urn:nbn:se:hh:diva-3033.
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Global financial crisis, triggered by the U.S. sub-prime mortgage crisis, is now the hot issue all over the world. The crisis has already slowed down the world economy and brought great shocks to almost every industry. For B2C companies all over the world, the crisis is more of an opportunity than a threat and therefore these companies should use marketing techniques to further boost their revenue and profit.
In view of this situation, this thesis is dedicated to discuss the price and promotion strategies used by B2C companies during the crisis. Through case studies of four B2C companies, that is, TaoBao.com, DangDang.com, EBay.com and Amazon.com, we conclude that discount, pricing leadership and penetration pricing are the universal price strategies used, while they also use nearly similar promotion strategies: advertising, public relation and sales promotion. Considering the current crisis, we also think that current price and promotion strategies are insufficient in face of global financial crisis in that they are not flexible enough to adapt themselves to the changing consumer behaviors and economic surroundings. Consequently, to seek to address these problems, we here bring forward three suggestions: strengthened segment-based pricing Strategy, innovative promotion strategy and flexible marketing mix.
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Feldmann, Silke A. "Micro strategy and strategising in the financial services industry in Namibia." Thesis, Stellenbosch : University of Stellenbosch, 2009. http://hdl.handle.net/10019.1/4390.
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Thesis (MBA (Business Management))--University of Stellenbosch, 2009.AFRIKAANSE OPSOMMING: Aangesien dit in praktyk erken word dat strategie ‘n natuurlike komplekse saak is, is die relevante strategiese prosesse en aktiwiteite binne organisasies ondersoek, met die doel van die studie om dieper begrip te verkry van die strategiese rolle wat lei tot die formulering en uitvoering van die strategie. Daar word bevind dat mededingende voordele gevind word uit unieke strategiese prosesse binne die organisasie, wat weer afhanklik is van spesifieke faktore, gedrag, redevoering en kommunikasie, asook op die vlak van verdeelde strategiese verstandhouding binne die organisasie. Die finansiële dienste industrie in Namibië vorm die fokus van hierdie studie. Finansiële dienste maatskappye word geag as gewaagde, hoogs komplekse instansies, as gevolg van die verskeidenheid ontasbare produkte en dienste wat hulle aanbied. Die besigheidsmodelle wat aangewend word, het ontwikkel in hoogs gesofistikeerde prosesstelle wat gewigtige beleggings in tegnologie en besigheidssisteme vereis. Capricorn Investment Holdings (CIH) is as praktyk studie gebruik om ondersoek in te stel na die mikro-strategie en leiding binne die finansiële dienste industrie in Namibië. Vir die rede is die fokus op die bankwese (Bank Windhoek) en versekerings maatskappye (Welwitschia Nammic Versekerings Makelaars en Santam Namibië). Bank Windhoek, Welwitschia Nammic Versekerings Makelaars en Santam Namibië is dogtersmaatskappye van CIH. Daar is baie voordele verbonde aan die ondersoek van die beplanning van die mikro-strategiese perspektief, soos deur beide die dinamiese en die nagevolge van die strategie aksie te beklemtoon, terwyl daar vergunning gemaak word vir ‘n baie beter begrip van die veelvoudige faktore wat die strategiese prosesses beinvloed. Hierdie sluit in sosiale, politieke en ekonomiese samehang waarin strategiese aksie plaasgevind het. Die hoofbevindings van hierdie studie is dat strategiese prosesse minder gestruktureerd is by groepsvlak, as in die dogtersmaatskappye. Die kultuur van die organisie, insluitende die gedrag en optrede van die leiers, bepaal die strategiese dink vermoeë van die werknemers. Verder bewys die bevindings dat strategiese bekwaamheid sterker is by die leierskap vlak en dat bekwame maatskappye waarskynlik meer belanghebbendes sal insluit in die formulering van hul strategie. Die bevindings stel ook voor dat daar ‘n behoefte is om instinktiewe benaderings-praktyke tot die strategie ontwikkeling in te sluit. Ten laaste, formele beplannings prosesse oortref die interaksies waar strategie ontwikkel is, deur informele gesprekke en besprekings.
ENGLISH ABSTRACT: Since it is recognised that strategy-as-a-practice is an inherently complex affair, the relevant strategic processes and activities within organisations were explored, with the purpose of the study being to gain a deeper understanding of the strategising roles that lead to the formulation and implementation of strategy. It was found that competitive advantage comes from unique strategic processes within the organisation, which, in turn, depend on specific actors, behaviours, discourse and communication, as well as on the level of shared strategic understanding within the organisation. The financial services industry in Namibia formed the focus of the study. Financial services companies are regarded as risky, highly complex institutions, because of the mostly intangible products and services they offer. The business models they employ have evolved into highly sophisticated sets of processes that require heavy investments in technology and business systems. Capricorn Investment Holdings (CIH) was used as a case study to examine micro strategy and strategising within the financial services industry in Namibia. Focus was therefore placed on banking (Bank Windhoek) and insurance companies (Welwitschia Nammic Insurance Brokers and Santam Namibia). Bank Windhoek, Welwitschia Nammic Insurance Brokers and Santam Namibia are subsidiary companies of CIH. Examining strategising from the micro strategic perspective has many advantages, such as highlighting both the dynamics and the consequences of strategic action, while allowing for a much richer understanding of the multiple factors that influence strategic processes. These include the social, political and economic contexts within which strategic action has occurred. The main findings of this study are that strategising processes are less structured at group level than within the subsidiary companies. The culture of the organisation, including the behaviours of leaders, determines the strategic thinking capabilities of staff. Moreover, the findings show that strategising capabilities are stronger at leadership level and that mature companies are likely to involve more stakeholders in the formulation of their strategy. The findings also suggest that there is a need to include intuitive approaches in strategy development. Lastly, within CIH formal strategising processes outweigh those interactions where strategy is developed through informal talks and discussions.
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Grimes, Darryle J. "The financial war on terrorism : grading U.S. strategy for combating the financing of terrorism /." Norfolk, Va. : Joint Forces Staff College, Joint Advanced Warfighting School, 2006. http://handle.dtic.mil/100.2/ADA451037.
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Thesis (M.S. in Joint Campaign Planning and Strategy)--Joint Forces Staff College, Joint Advanced Warfighting School, 2006."15 April 2006." Vita. "National Defense Univ Norfolk VA"--DTIC cover. Includes bibliographical references (p. 78-87). Also available via the Internet.
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Bican, Vítězslav. "Finanční plánování ve společnosti Channel Crossings." Master's thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-4913.
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This thesis deals with financial planning. On one hand with its theoretical handling, on the other hand with its particular application on a specific business, the Channel Crossings company. The main objective of the paper is to assess the process of the financial planning in this particular company and at the same time to identify, how this company uses the approaches known from the theory of financial management in practise. The information included in this thesis should be exploitable for the assessment of theoretical approaches to the financial planning, as well as for the management of the company in question how to re-evaluate and optimize the current financial planning process.
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Stiborová, Radka. "Rozbor finanční situace firmy s návrhem finanční strategie." Master's thesis, Vysoká škola ekonomická v Praze, 2014. http://www.nusl.cz/ntk/nusl-201643.
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The aim of the work is to make an analysis of the financial situation in the company "K" in the term of 2004 to 2014, to appraise influences of the environment, that have an impact on the company and on the base of the gotten results to suggest a financial strategy. The work is composed of two parts: theoretical part and practical part.In the theoretical part, there are described methods of the financial and non-financial analysis which are used in the frame of suggestion of a financial strategy. Practical part contains informations of the analyzed company, real analysis of the financial indicators and non-financial factors and the real strategy formation. Strategy goals in the financial field are suggested in order to improve a situation in critical points, that over a long period are in difficulties.
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Mašek, Jaroslav. "Strategická analýza podniku." Master's thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-72403.
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The goal of the diploma thesis is to make strategic analysis of company Iveco Czech Republic, a. s. and suggest recommendation for future development. Theoretical part is focused on knowledge, which are related to diploma thesis. Practical part contains the external analysis using PEST analysis, 4C model and Porter's Five Forces analysis. Further the internal analysis concerns identification of internal resources and financial analysis.In conclusion the results of all performed analysis are sum up using the SWOT matrix. The recommendation is based on estimated opportunities, threats, strenghts ans weaknesses of the company.
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Waema, Timothy Mwololo. "Information systems strategy formation in financial services sector organizations." Thesis, University of Cambridge, 1990. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.292174.
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Riddle, Philip Keitch. "Place and competitive advantage : a qualitative study of financial services in Edinburgh and Glasgow." Thesis, University of Edinburgh, 2018. http://hdl.handle.net/1842/33197.
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This research examines the relationship between places and firms and how this contributes to competitive advantage. This is a vitally important topic at present, as businesses are adjusting to the dislocations of Brexit, trade wars, nationalism and other reactions to globalisation. Firms need a place strategy more than ever. How should resources be located in relation to markets, suppliers, skilled workers, laws, incentives, infrastructure, quality of life and the myriad other factors affecting business? Global connectivity presents so many options but also so many threats. Despite its importance, this is a subject that is relatively poorly served by existing literature and theory. A review of strategic management work relating to competitive advantage, including reflections on Chandler, Ansoff, Porter, Barney, Mintzberg, and many other authors, reveals an emphasis on management and organisation but a virtual blindness to the role of place. A review of economic geography literature related to competitive advantage, including consideration of work from Marshall to Maskell, Storper, Sassen, Glaeser, Florida and many others, shows an emphasis on place but a relative neglect, with only a few significant exceptions, for the view from the firm and the role of individuality in organisation and management. The two disciplines show a striking complementarity in their omissions. This interdisciplinary study draws on the wide range of existing material to build a new and comprehensive model of the place-firm relationship (the PFR) that brings convergence to the thinking around competitive advantage. This model is then tested and adjusted through empirical research leading to recommendations for firm strategy, government policy, academic theory and future research. The empirical study is based on the most important business sector in the UK in terms of size, growth and impact, namely financial services, and is set in the top two centres of activity in the UK for this sector outside London, namely Edinburgh and Glasgow. At the heart of the work is a series of 29 semi-structured, in-depth interviews with senior executives in these cities investigating how firms see the contribution of place to their competitive advantage, a necessarily qualitative methodology to unravel the complexity and contradictions inherent in the existing theory. The interviews have been transcribed and coded and analysis of the feedback has been used to both refine the new model and to derive insights about how it works in practice. The results of the application of the model show that the PFR is highly complex but also that it can be rigorously assessed and the key factors contributing to competitive advantage can be identified and prioritised. These factors can be grouped under the main themes of the ease of doing business, talent, quality of life, local networks and legacy. It is clear that every business enjoys a unique PFR but that the individual organisational profiles can be aggregated in line with the main themes to show agglomeration and cluster effects around places, industry sectors, types of business and other groupings. In the case of the financial services businesses tested here, the availability of talent stands out as the most important contribution to competitive advantage firms receive from places, but this is closely linked to other factors in a web of connections. Also evident is the pragmatic co-existence of competition and collaboration in firm strategies and practice and the emergence of different but overlapping cluster types, particularly one underpinned by legacy in Edinburgh and the other underpinned by government intervention in Glasgow. This research gives business managers a tool and methodology with which to assess and compare how place contributes to their competitive advantage. It thus gives an added vital dimension to most strategic decisions and particularly to considerations about relocation, expansion, off-shoring, and geographical dispersal and diversification. The agility necessary for businesses to respond to the current turbulent political and economic environment must extend to managing place and place-firm relationships in the more systematic way proposed in this work in order to maintain and extend competitive advantage. This model can also help development agencies and national and local government to interpret the competitive advantages of places as seen by firms and to make comparisons with other places. It can give an informed basis for discussion with businesses and point to where improvements can be made in line with the place objectives and overall development plans. The new model gives a common framework for different parties to reconcile their objectives to mutual benefit. Last but not least, the research presents academics with possibilities for more interdisciplinary work to address gaps in theory about one of the most pressing issues of the day. The model opens the door to new research opportunities to test its applicability in different combinations of places, businesses and industry sectors, for different types of agglomeration and cluster formation. This is an opportunity for the academic research community to furnish the objective, sound and informed view necessary to support potentially controversial decision making in these uncertain times.
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Mejzlíková, Michaela. "Aplikace Balanced Scorecard ve společnosti Řetězárna, a. s." Master's thesis, Vysoká škola ekonomická v Praze, 2009. http://www.nusl.cz/ntk/nusl-17448.
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Diplomová práce se zabývá aplikací Balanced Scorecard (BSC)ve společnosti Řetězárna a.s. Balanced Scorecard je klíčový manažerský systém, který převádí firemní poslání a strategie do uceleného souboru měřítek výkonnosti. Nejprve byla provedena analýza finanční výkonnosti podniku, banchmarkingové srovnání a dále také strategická analýza podniku. Stěžejní část diplomové práce tvoří již samotná implementace BSC. Ta spočívá v přiřazení podnikových strategických cílů a jejich ukazatelů úspěšnosti k jednotlivým perspektivám BSC. Provázanost a kauzalitu podnikových strategických cílů přehledně zobrazuje strategická mapa. Dalším výstupem diplomové práce je podpůrný nástroj v programu MS Excel, který obsahuje data pro hodnocení úspěšnosti jednotlivých firemních strategických výpovědí a procesů.
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Idoko, Onyaglanu. "Performativity of strategy tools as activation devices : a case study of strategy development within a UK financial institution." Thesis, University of Edinburgh, 2017. http://hdl.handle.net/1842/25933.
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Strategy tools have mainly been conceptualised through a functional perspective, which views tools as passive instruments that aid managerial decision-making. Studies within strategy-as-practice provide an alternative view to this, by arguing that in practice, strategy tools are devices that enable actors to achieve a variety of purposes that transcend the instrumental purposes that dominate mainstream strategy studies. In this thesis, I argue that both views still portray tools as being used instrumentally. In both cases actors are seen to use tools as a conduit through which they may achieve either analytical purposes or more socially related purposes. The common factor across both views is the focus on the intentionality of the managers in using the tools to achieve a certain purpose. Rather than focus on what strategy tools are used for, this thesis explores the other side of the coin by focusing on what strategy tools do. I do so by exploring how the materiality of strategy tools may impact on the strategizing practices of managers during the strategy development process. The aim of the study is to explore the possible performative roles that strategy tools may play during the strategy process and the implications of these roles for the work of strategizing. In this study, tools are viewed as non-human actors – that is, they are not simply conduits that are utilised instrumentally for achieving a variety of purposes in organisations, rather they actively influence the actions and interactions of managers and therefore contribute to the formation of strategy. This inquiry is based on a longitudinal study (2012 – 2015) of the process of strategy making within a large UK financial institution. Focusing on what the members of the Strategy department do during the development and use of a strategy tool referred to as the Horizon scan and tracing the developmental trajectory of the tool throughout the process. The thesis draws on theoretical insights situated at the intersection of economic sociology, the sociology of financial markets and the sociology of technology, more specifically: the notions of performativity and affordances. The methodological approach is qualitative and is based on in-depth semi-structured interviews, direct observations of meetings and workshops and documentary data. The analysis reveals that the strategy tool performed four main interconnected roles which include: enlist participants, reorient temporally, consolidate and persuade. Through performing these roles, the tool shaped the strategizing practices of the strategists in a patterned way, such that the actions and interactions of the strategists reflected the underlying theory within the tool. The findings also reveals that the four roles performed by the tool were underpinned by two main affordances – modular and temporal affordances. Based on the findings, the thesis introduces the concept of an Activation device which refers to strategy tools that instigate or trigger certain actions that result in a co-evolution of the strategy theory within the tool and strategizing practices, where the ‘doing’ of strategy comes to resemble the theory within the tool. The study concludes by presenting a theoretical model of how strategy tools as activation devices shape how strategy is practiced. It therefore contributes to the recent materiality turn in strategy and the nascent literature on performativity in strategy, by reconceptualising the roles of strategy tools and demonstrating empirically, how strategy tools influence strategizing practices through the performative effects they generate.
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Coelho, Mariana Sátiro. "Patterns in financial markets: Dynamic time warping." Master's thesis, NSBE - UNL, 2012. http://hdl.handle.net/10362/9539.
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A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and EconomicsThis work project introduces the performance of the algorithm Dynamic Time Warping amidst trading strategies in the financial markets. The employed procedure allows the comparison between any two sequences of data with different time lengths. Different features for the method were implemented, although those did not improve its promptness or accuracy in the outcomes obtained. Two potential investment strategies are presented within this theme. One yielded satisfactory outcomes whilst the other resulted in inconsistent values. The results point to the possible existence of patterns in the Equity Indexes’ behaviour, as well as their distortion across the time axis.
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Anyiwe, Timothy Osita. "Aligning Financial Strategy with Customer Categorization based on Environmental Scanning." ScholarWorks, 2011. https://scholarworks.waldenu.edu/dissertations/1016.
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Inadequate environmental scanning, poor financial strategy, and misaligned customer focus are responsible for 79% of retail profitability losses. The purpose of the qualitative study using a multiple-case study design was to explore the strategies needed to align financial strategy with customer-oriented processes in the retail industry. The research question involved understanding trends and operational risks influencing the establishment of financial alignment strategies. Porter's five forces model of customer influence, Pearce's environmental and economic factors affecting society values, and Albright's strategic planning of environmental influence served as the theoretical foundations for the study. 30 executives, managers, and team leaders in 2 Midwest U.S. organizations completed interviews. Interview data were coded for emergent themes. Themes included advanced strategic planning, improved customer-buying power, enhanced business viability, and reduced business uncertainties as components of a guiding strategy needed to align financial strategy with customer-oriented processes. Implications for positive social change include increased profitability that can result in improved employment opportunities.
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Mansur, Mohaimen. "Essays on forecasting financial and economic time series." Thesis, Queen Mary, University of London, 2014. http://qmro.qmul.ac.uk/xmlui/handle/123456789/8576.
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This thesis comprises three main chapters focusing on a number of issues related to forecasting economic and nancial time series. Chapter 2 contains a detailed empirical study comparing forecast perfor- mance of a number of popular term structure models in predicting the UK yield curve. Several questions are addressed and investigated, such as whether macroeconomic information helps in forecasting yields and whether predict- ing performance of models change over time. We nd evidence of signi cant time-variation in forecast accuracy of competing models, particularly during the recent nancial crisis period. Chapter 3 explores density forecasts of the yield curve which, unlike the point forecasts, provide a full account of possible uncertainties surrounding the forecasts. We contribute by evaluating predictive performance of the recently developed stochastic-volatility arbitrage-free Nelson-Siegel models of Chris- tensen et al. (2010). The one-month-ahead predictive densities of the models appear to be inferior compared to those of their constant-volatility counter- parts. The advantage of modelling time-varying volatilities becomes evident only when forecasting interest rates at longer horizons. Chapter 3 deals with a more general problem of forecasting time series under structural change and long memory noise. Presence of long memory in the data is often easily confused with structural change. Wrongly account- ing for one when the other is present may lead to serious forecast failure. In our search for a forecast method that can perform reliably in presence of both features we extend the recent work of Giraitis et al. (2013). A forecast strategy with data-dependent discounting is adopted and typical robust-to- structural-change methods such as rolling window regression, forecast averag- ing and exponentially weighted moving average methods are exploited. We provide detailed theoretical analyses of forecast optimality by considering cer- tain types of structural changes and various degrees of long range dependence in noise. An extensive Monte Carlo study and empirical application to many UK time series ensure usefulness of adaptive forecast methods.
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Virojtriratana, Triroj. "The Linkage of Competitive Strategy, Information Technology (IT) Maturity and Size With Strategic Response to Financial Liberalization: An Investigation of Thai Financial Institutions." NSUWorks, 2001. http://nsuworks.nova.edu/gscis_etd/900.
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Thailand embarked on a course of deregulation and financial liberalization in the early 1990s. Starting with the acceptance of Article 8 of the International Monetary Fund, Thailand phased in liberalization of capital flows, deregulation in the scope of operation of financial institutions, and partial entry of foreign competitors into the domestic financial system. Also many firms in the financial industry were encouraged to integrate their information systems. The linkage of competitive strategy, information technology (IT) maturity and size has received much attention in recent years. The primary objective of this study is to investigate the state of IT application in Thai financial institutions and to examine the impact of competitive strategy, information technology maturity, and size on strategic responses to the liberalization of financial markets. Mintzberg (1973) conceived of strategy as a pattern or a stream of important decisions. This study operationalized strategy through the use of Miles and Snow’s (1978) typology, which identifies four archetypes of strategic adaptation: defenders, analyzers, prospectors and reactors. This study examines the relationships between strategic changes in IT investment patterns and the factors of competitive strategy, IT maturity, and size. Financial executives from three groups of financial institutions: (1) Thai commercial banks (N = 13), (2) foreign banks (N = 14), and (3) finance and securities companies (N = 23), responded to the researcher constructed questionnaire. Statistical methods used in this study included independent-samples t-test. One-way ANOVA were conducted to determine the significance of the differences of the mean responses among Thai commercial banks, foreign banks, and finance and securities companies. Pearson correlation coefficients were used to identify the significant relationships among the relevant variables. The results revealed that different IT factors impact the relationships between the linkage of competitive strategy, information technology maturity and size with strategic response to financial liberalization differently. The analysis of strategy provides strong support for Miles and Snow's (1978) typology. Finally, the results show that a firm's competitive strategy significantly affects change in its IT investment. The practical implication of this finding relates to issues of strategic response to financial liberalization in Thailand.
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Waweru, Ruth Wambui. "Competitive strategy implementation in microfinance organisations in Kenya." Thesis, Nelson Mandela Metropolitan University, 2013. http://hdl.handle.net/10948/d1020815.
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Poverty is a major challenge in most developing countries. Key challenges of the government are to alleviate poverty and propel citizens toward wealth creation through development of enterprises across all sectors and to address the problem of unemployment. In Kenya, the SME sector comprises of about 99% of private sector enterprises and is prolific in employment and wealth creation. Despite this critical role played by SMEs in growing the economy, they remain outside the formal banking sector, especially in Africa. Although the number of MFOs since the 1980s has increased, the demand for financial services is largely unmet. However, MFOs are increasingly experiencing competition from new entrants and commercial banks that have developed financial models to target SMEs. MFOs are required to formulate and implement competitive strategies to enable them achieve sustainable growth and compete with commercial banks. However, strategy implementation is generally accepted as a challenge across organisations and it is often easier to formulate strategies than implementing it. Despite the need to address strategy implementation challenges across organisations, there is a greater focus by practitioners and researchers regarding strategy formulation than implementation. Consequently, this study aimed at assessing the level of strategy implementation in MFOs and factors that affect strategy implementation in MFOs. The ultimate objective was to develop a hypothetical model that could be used to improve strategy implementation in microfinance organisations in Kenya. This quantitative study used purposive sampling to select MFOs that are members of the Association of Microfinance Institutions (AMFI) in Kenya, completing a selfadministered structured questionnaire. In total, 135 MFOs were involved in this study and a total sample size of 300 managers was used in this study. This study considered fourteen factors to have an influence on the level of strategy implementation of MFOs in Kenya and hence fourteen null-hypotheses were formulated and tested. The content factors included stakeholder involvement in strategy development and the quality of strategies. The context factors included organisational structure and culture, strategic leadership and alignment of strategy to market conditions. The operational process factors included operational planning, monitoring and review of progress, teamwork, resources allocation, people-strategy fit, effective communication, strategic and management control systems and information resources. It is assumed that if all these critical strategy implementation factors are addressed, MFOs should be able improve their level of strategy implementation, ultimately leading to improved performance. The outcome factors considered were improved financial sustainability and outreach of MFOs. Advanced statistical analyses were used to analyse the data, such as factor analysis, regression and correlation analysis to assess the hypothesised relationship between the dependent and independent variables of this study. The empirical results revealed that the level of strategy implementation in MFOs in Kenya is moderate to high and content, context and operational factors do have an influence on the level of strategy implementation. However, operational factors have a more significant positive linear relationship with level of strategy implementation than the other two factors. There is also a positive relationship between the level of strategy implementation and financial sustainability and outreach by MFOs. This study has contributed to the existing body of knowledge by developing a hypothetical model that can be utilised by MFOs as well as other organisations to improve the level of strategy implementation resulting in better performance. The findings of the study can also inform strategy formulation and implementation of MFOs in Kenya, but also in other developing countries, to become more competitive. This study could also help MFOs and other organisations to put in place structures, systems, people and other resources required to attain a high level of strategy implementation. This study provides useful and practical guidelines in dealing with content, context and operational factors affecting strategy implementation in any organisational setting.
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Speed, Richard J. "Marketing, strategy and performance in the UK retail financial services industry." Thesis, Loughborough University, 1991. https://dspace.lboro.ac.uk/2134/7414.
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This thesis seeks to examine the marketing practices, strategies and organisational characteristics of companies in the UK retail financial services industry. The research utilises both quantitative and qualitative methods, seeking to determine what, if any, differences in approach exist between companies of different types or with different levels of performance. Three methods are used to evaluate performance; self assessment, peer assessment and expert assessment. Data was gathered using a semi-structured questionnaire as the basis for interviews with managers. Quantitative analysis utilised contingency table analysis and discriminant analysis to test for differences between different groups of companies. Account was taken of problems due to small sample size. The Delphi technique, a form of anonymous polling of experts over several rounds with feedback between rounds, was used to construct the expert assessment based measure of performance. Companies with better performance were found to have a different strategy from those with poor performance. Better performing companies were found to have products better at meeting customer needs than those of competitors, and to charge more for them. Better performing companies were found to be faster at new product development and to show a balance in their strategy between finance and market performance based factors. Companies of different types were also found to differ in their marketing approaches. A high level of consistency was found between the various measures of performance used. The measures were highly correlated and the sets of variables found to be related to performance level measured by different means had considerable overlap.
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Brege, Nicholas John. "Rational Choice Theory for Financial Strategy in Rural Michigan Community Colleges." ScholarWorks, 2019. https://scholarworks.waldenu.edu/dissertations/7123.
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Since 2011, drastic declines in tuition revenue for many rural community colleges have hindered institutional budgets and have been the primary driver for the financial strategy decisions made by college leaders. Recent declines in revenue for rural community colleges have created a constrained fiscal environment causing college leaders to increase focus on internal operations. The aim of this research was to expand the understanding of how management decisions influence tuition revenue when demand fluctuates. Data from multiple archival sources including several national and state statistical databases were used. This study used a multiple regression analysis to investigate the relationships between tuition revenue and (a) tuition rate setting strategy, (b) the management of institutional funds, (c) local economic conditions, and (d) age demographics. It was found that tuition rate setting strategy had the largest influence on tuition revenue among the internally controlled factors. Age demographics and economic conditions were found to be significant external factors that influence the tuition revenue at rural community colleges. This study promotes positive social change by providing financial leaders at community colleges greater insight into budgeting strategies that may help protect the financial viability of rural community colleges. The financial strength of community colleges is important for positive social change in rural communities because it assures that these institutions can continue to offer and expand solutions that meet the educational needs of the local communities they serve at a price affordable by all.
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Yen, Li Wen, and 顏麗雯. "Economic Environment Corporate Growth strategy and financial strategy." Thesis, 1993. http://ndltd.ncl.edu.tw/handle/44611324141612233731.
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Cheng, Wan-ting, and 程婉婷. "Financial Constraints and Momentum Strategy." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/71011021138370782849.
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碩士雲林科技大學
企業管理系碩士班
99
Corporations will suffer the risk of financial constraints when they are operated. If the corporations suffered the financial constraints, at the same time, it will affect the decisions of investors. The study would like to find out when the company suffers financial constraints how the investors to decide the strategies of their investment. The study uses the data of Taiwan stock market from Jan. 2000 to Dec. 2009. Ac-cording to Shen, Chung-Hua, and, Chien-An, Wang (2000) definition of financial con-straints, the study uses the cash dividend to determine whether the business met fi-nancial constraints or not, after that, using the definition of mispricing effect ( Jenter, 2005), we can get four combinations, they are financial constraints with high market value, financial constraints with low market value, nonfinancial constraints with high market value, and nonfinancial constraints with low market value. The empirical results show that performance depends on their investing, that means, if short turn investment, financial constraints with high market value will get the best results, but if holding time getting long, financial constraints with low market value is the best choice.
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Tsai, Ming-Che, and 蔡銘哲. "Licensing strategy and financial structure." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/80592632062702259276.
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碩士淡江大學
產業經濟學系碩士班
100
This paper discusses homogeneous products quantity competition or heterogeneity products price competition in two firms in the market and financial strategy, optimal licensing strategy of outside licensing patentee. When the two firms on the market proceed homogeneous products quantity competition, the following conclusions: (1) Technological innovation to a lesser extent, outside licensing patentee will choice royalties licensing. (2) Technological innovation to a larger extent, outside licensing patentee license to give two firms to use a mixed licensing. When the two firms on the market proceed heterogeneity products price competition, the following conclusions: (1) When technological innovation to a lesser extent and products closer to a completely homogeneous, outside licensing patentee will choice royalties licensing. (2) When technological innovation to a larger extent and products closer to a completely homogeneous, outside licensing patentee choice royalties licensing and fixed fee licensing of single firm, the expected profit of the patentee are the same. In conclusion of this paper, the most important conclusion is homogeneous products quantity competition.
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Wu, Being-Hwei, and 吳炳輝. "Financial Libration,International Degree and Business Financial Strategy Reasearch." Thesis, 1997. http://ndltd.ncl.edu.tw/handle/41991309940665581506.
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Zhao, Jianmei. "Farm financing strategy and the lending policy from financial institutions /." 2007. http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&res_dat=xri:pqdiss&rft_dat=xri:pqdiss:3270068.
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Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2007.Source: Dissertation Abstracts International, Volume: 68-07, Section: A, page: 3062. Adviser: Peter J. Barry. Includes bibliographical references (leaves 146-152) Available on microfilm from Pro Quest Information and Learning.
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Tsao, Hsin-chih, and 曹欣之. "The Fit of Product Technology Investment Strategy and Financial Strategy." Thesis, 1997. http://ndltd.ncl.edu.tw/handle/83280292291031158821.
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Yi-huan, Lee, and 李宜寰. "A Study of Financial Swap Strategy." Thesis, 2004. http://ndltd.ncl.edu.tw/handle/52382648000848284485.
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碩士大葉大學
國際企業管理學系碩士在職專班
95
After the Bretton Woods Exchange Rate System broke down, the financial control has dissolved among the international countries. There is no frontier with the finance, and it circulates through the international markets. The financial derivatives are innovated andapplied unceasingly because of the extensive financial business chances and the risk of the variation in financial prices. Financial swap is a kind of the financial derivatives from the trade with OTC.It applies that people can negotiate prices with each other. There are many kinds of possibilities about the contract contents to satisfy the demands for each other. It is elastic and can reduce the finance cost. However, the comparative advantage between each other established a new age of Non Zero Sum Game. The market of financial swap is brought up so quickly. It is ascribed to the swap banks which change swap broker into swap dealer. It also changes the swap banks into the competitors of the swap anytime. The researches in our country about financial swap are mainly single financial swap, and they are particular about interest rate swap which analyzes the appraisal. This research not only gets completely many kinds of financial swaps together but also confers about the application to the tactics of financial swap. It is expected to offer more effective reference in reality to increase the range of the application to the tactics of financial swap. The conclusion of this research : Through the character of the comparative advantage which is from the swap, the profit balance distribution which is saved isn’t always average. People who usually get higher credibility can get much more advantages. One of the traders of the contract which has lower financial cost compared with the competition can make currency swap. Commodity swap makes the demander buy the cost of the commodity steady in order to disterse the variation in prices which is brought by systematic risk. Equity swap can make the fund managers change investment combination without thinking about the rules and the trade cost. However, convertible bond asset swap in our country is more complicated and needs to watch out for its risk because it refers to the selective right. Key Words : derivatives, financial swap, comparative advantage, currency swap, Non Zero Sum Game, interest rate swap, commodity swap, equity swap
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Sui, Ming-Hui, and 隋明輝. "How Financial Institute Implements Telemarketing Strategy." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/61029151879593397538.
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碩士逢甲大學
經營管理碩士在職專班
94
As the economy and information technology advance, the ability and channel to send information to customers becoming diversification. The customer-oriented strategy dominates the product-oriented strategy gradually. Hence, business has to offer an instant, effective, and differential service to meet the customer’s demands. The characteristics of telemarketing are speed of responsiveness, depth of conversation, and effectiveness. These characteristics make that businesses adopt telemarketing on creating value and profit and maintaining customer relationships. The applications of telemarketing on financial institutes are especially successful. This research focuses on the financial institutes that apply telemarketing on the selling consumer products. We select three businesses as case studies to investigate the necessary conditions and implementing techniques of telemarketing. The conclusions are useful for the financial institutes’ future application of telemarketing. The findings show that the performance of telemarketing is significantly with business strategy, product design, database design and analysis, employee training, and system facilities. The telemarketing also plays an important role on the implementing CRM, acquiring new customer, enhancing customer contribution, and collecting customer data.
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McGrath, Kurtis James. "Predicting pricing strategy from financial condition." Thesis, 1986. http://hdl.handle.net/10945/22040.
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Min, Huang Jen, and 黃正民. "Bank 3.0 Financial Strategy & concern." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/hac636.
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碩士國立臺北科技大學
管理學院資訊與財金管理EMBA專班
104
Information Technology (IT) has been developing since 1950s. It doesn’t just only progress so fast by itself, but also grow up from the invention of database, Electronic Data Inter-change, and Algorithm. Especially, the growing of Algorithm has changed the way people’s life. Under the effect, Financial become the most influenced industry. So that is why Bank 3.0 is developed by several experts and scholar. Bank 3.0 has been the one, the most im-portant revolution by financial industry. . According to the revolution Information Technology and financial industry, the content will be described more detail about the historical event and the emerge of Internet banking. Beside, with more discussion for the financial strategy under the circumstance. To deeply interview the seven from enterprise President or Chief Executive Officer all over the world for researching about their management philosophy according to Bank 3.0 and Internet banking. According to nowadays research report, the most concern from Bank 3.0 is Third party payment. However, in Japan, Third-party payment is not acceptable as our imagination and expectation. Moreover, the interviewees from other countries also have different idea. So fi-nally, I complete and conclude a report for those who would like to devote to Internet bank-ing industry or system a reference.
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Shirur, Srinivas. "Financial strategy of family business in India." Thesis, 2002. http://hdl.handle.net/2009/960.
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劉靜文. "Bancassurance Marketing Strategy in Financial Holding Company." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/53864130573346802035.
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Yueh, Ya-Chi, and 岳雅琪. "KFC Group Acquisition Strategy and Financial Analysis." Thesis, 1998. http://ndltd.ncl.edu.tw/handle/50333383996055566921.
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Yang, Fu-Ming, and 楊富茗. "Measurement of Taiwan Financial Holding Companies Strategy." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/07920638807237075325.
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碩士國立臺灣大學
財務金融學研究所
98
The first financial holding company was formed in 2001 in Taiwan. There are many papers discussing about measurement of Taiwan financial holding companies’ performance or efficiency. Kuo and Lu(2005), their reaching targets were individual financial holding company(FHC). Hsu, Wang and Wang(2009), their reaching targets were banks affiliated with FHC. These two papers focus on more about FHC’s financial performance rather than their strategies. Foreign studies about FHC like Yamori, Harimaya and Kondo(2003), they discussed about difference performance between banks affiliated with FHC and independent banks. They also ignored the FHC’s strategies. Shen, Peng and Chen(2010) had a way about measurement of FHC’s strategies. In this study, we use benchmark on FHC’s strategies from Shen, Peng and Chen(2010) to discuss FHC’s strategies influence on FHC’s synergy. We use Panel Date as a model to measure in our study. The samples are 14 FHCs in Taiwan. We divide their industry into seven core industries, they are consumer banking, corporate banking, broker of businesses, underwriting of businesses, Non-life insurance, life insurance and bills. Benchmark were market share, market share ratios(MSR) and MSR times market growth ratios. We use the benchmark to measure their performance in different industries that influence FHC’s synergy. Set dependent variable as Tobin’s Q for representing FHC’s synergy. Our study results show that broker of businesses and underwriting of businesses had a significant and positive relation with FHC’s synergy. Without correlation between consumer banking and corporate banking, they are positively but significantly related with FHC’s synergy. Bill is also significantly positive with synergy when it was combined with banking to measure. There is inefficient result about Non-life and life insurance because of their correlation with other variables.
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Lu, Nien-hsuan, and 呂念萱. "Financial crisis of Business Strategy Case Study." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/19264815464130264430.
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碩士國立臺灣科技大學
管理研究所
98
The study on domestic engaged in environmental and other high-tech semiconductor industry equipment importer of the object, Shouxian about Jin Rong Qi Jian environmental crisis and semiconductor industry, current situation and the external environment to the case study method, according to U.S. consultancy McKinsey & Company (McKinsey ) proposed 7S (7S Framework) model, as the analytical framework, summarizes the case in financial crisis management strategy adopted and the key success factors. Then the case company 7S and Bide Shi (Thomas J. Peters) and Waterman (Robert H. Waterman) made an outstanding company (Best-run companies) a comparison of the eight features, validation of cases whether the company has eight major characteristics of outstanding business to sum up enterprises face challenges and changes in the operating environment to enable enterprises to sound a key factor in sustainable growth. Finally, the study of the case company's future business strategy planning some suggestions. Expectations for the academic results of this study validate the theory of business management, and provide a reference for industry business practices. This study found that companies in financial crisis (1) business strategy adopted are: centralized strategy, cost leadership, strategic alliances, diversification, brand strategy, human resources management strategy, using external resources. (2) organizations face is to adjust for the inverted pyramid style, an ad hoc group and increase of authority; (3) systems face is to implement the full marketing and self-management; (4) style of face for the learning organization culture; (5) employees there is a consensus, and there are incentives and incentives; (6) technical R & D investment is continuing to develop core technology as the foundation and career; (7) common values is ambitious, to look beyond the profit share. 7S common link operation, the company is facing financial turmoil, the case can still key factor in the success of profit growth. This study further comparative analysis of the case company characteristics and Bide Shi 7S and Waterman's eight characteristics of excellent companies, the result is characteristic of both high homogeneity. Concluded that the company is ready to eight outstanding business characteristics similar to a response to changes in operating environment and competitive ability to maintain steady business growth and sustainability. In this study, the case company, the future strategic planning of the proposal (1) should remain dynamic business strategies and continuous innovation; (2) the integration of manufacturing with marketing services, construction of innovative and forward-looking industry value chain; (3 ) in response to the signing of ECFA, the layout should be ahead of the global market.
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Yeh, Hui-Ching, and 葉蕙菁. "Competitive Strategy Analysis of Security Firms under Financial vs. Non-financial Holding Companies." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/23097485397914389015.
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碩士明道大學
管理研究所
94
In most of the countries, security firms have been playing an important role in bridging the financial needs of corporate and investors. Since the deregulation of the establishment of security firms by the government of ROC, the head offices of security firms have been decreased from 353 to 144, and the branch offices increased from 74 to 1,062, from the year of 1991 to 2005. It is observable that, in pursuit of economies of scale, the large-size security firms are increasing bases of operations through merger and acquisition of small-size or local security firms. The competition is becoming increasingly fierce in this trend, and companies are looking for more competitive strategies in order to stay in the business. Security firms under the financial holding companies have their advantages in providing overall financial services. For those who choose to operate independently, on the other hand, it is more urgent than ever to find ways to compete through innovation and differentiation. Two security firms, each from an independent and a financial holding company, were chosen to be the subjects of case study. Strategic Matrix, proposed by SiTu-Da-Xian (2005), were also adopted to systematically analyze as well as describe the strategies of subject companies, which based on the strategic typology with the combination of the industrial value chain. Five propositions were proposed through in-depth interviews and industrial analyses. First, the strategy of cross-selling or strategic alliance may not necessarily leads to economies of scale, which will depend on the accommodation of market conditions. Second, firms with different resources might develop different strategies even facing the same environmental challenges. Third, innovation, differentiation, and customization have been the focuses of strategic thinking among security firms. Fourth, transactions on web could reduce the cost of channel and manpower. However, client characteristics and behavior should be taken into considerations before expanding such an operation. Finally, it is less risky to increase bases of operations by merger and acquisition than building new ones.
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FengMing, Lee, and 李鳳鳴. "Electronic Brokerage's Restructuring Strategy under Financial Holding Companies." Thesis, 2003. http://ndltd.ncl.edu.tw/handle/90719333906284005646.
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碩士輔仁大學
資訊管理學系
91
As a result of mass establishment of financial/insurance institutions following its approval in 1989, there has been a shortage of capital and economical-scale in the market. The financial holding law of Taiwan was released in July 9, 2001, and it was evident that the financial companies are seeking to get institutionalized and thus internationalized. The financial holding law allowed individual financial companies to merge under one financial holding company, thus improving its efficiency and expanding its line of services. From the globalization point of view, expanding economical-scale through merger and acquisition, providing consumers with one-stop shopping is the ultimate goal. On top of the approval of the financial holding law, the development of Internet technology and its applications have made e-banking much easier and more efficient for the mass population, resulting in a significant increase in trading activities for brokerage houses. The increasing popularity of online trading has sparked the motive for this research. The focus of the research is to discuss how e-brokers can be efficiently restructured, utilizing the capital resources of financial holding companies, and thus gaining market share. Discussion will revolve around electronic brokerage houses’ transformation strategies under financial holding companies based on literary surver on financial holding companies, electronic brokers, restructuring strategies, and performance optimization from acdemics around the world. The research strategy was conducted on a case-by-case basis. First through qualitative personal interviews and quantitative random sampling questionnaires, then conduct cross analysis between individual brokers’ performance with the result from the case studies. Determining the correlation between the restructuring strategies and the performance of the brokerage houses, with the aid of both qualitative and quantitative analysis, was the main theme of this research. The summary of the findings of this research is listed as follows: 1.There are significant effects on the performance of electronic brokers after merging under financial holding companies. 2.Effective use of financial holding companies’ capital resources has positive effect on the growth of the performance of electronic brokers. 3.Pricing, marketing, system security, system stability, Integrated marketing, merger, research and development of new derivative products, “one by one service”, and data storage system are the nine critical elements that will affect the success of the restructuring strategy. 4.Resource sharing, and integration of business units are the keys to the success of restructuring. 5.Financial derivatives' arbitrage models will decide the success of product strategies in restructuring plan of electronic brokers. 6.Financial products will affect the marketing strategies in restructuring plan of electronic brokers. 7.Managers' determination and knowledge of the electronic brokerage is the most important key factors to the uccess of restructuring.
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King, Jen-Fang, and 金真芳. "Strategy of Building Backup Site for Financial Institutions." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/80248685297167524494.
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碩士國立臺灣大學
資訊管理組
93
Abstract After 9/11, financial institutions paid much more attention to enhancing the ability of business continuity. My project has found that installing backup site can accomplish this objective. There are ten variables belonging to three elements in this reseach. The first element is the location, consisting of three variables of distance, geology and topography, as well as environment. The second element is the building, consisting of console room equipment, building security and office equipment. The third is computer installation, consisting of hardware, software, communication installations (Network) and storage equipment. The main part of this research is the questionnaire on the above-mentioned variables. Analysis of data follows the gathering of results from the questionnaire. This research comprises two case studies, too, one, the domestic financial institution, and the other, the Bank of New York in the U.S. The case study is the control study that allows us to certify that the variables in this research are correct. Results of these case studies will become the reference for banks in this country. From these results, we can make the proper recommendations and help formulate the proper guidelines for interested authorities.
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Chin-TsungChen and 陳慶宗. "Banking Wealth Management Strategy after the Financial Tsunami." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/60812392952790428038.
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碩士國立成功大學
高階管理碩士在職專班
98
In 2008, the world faced a rare financial crisis. Many foreign banks closed as a result, causing a huge impact on liquidity of derivative commercial products and enhancing risk of default. A large number of investors in Taiwan, inevitably, suffered enormous financial losses in this crisis. Moreover, many investors have cast doubts on banks and bank-borne financial products since then. And many disputes/distrust arise between investors/customers and banks. Since 2000, Wealth Management has burgeoned and become a crucial sector to the growth of bank business. But, many departments concerning financial management/control were downsized as well as a great deal of financial staff members were laid off in the aftermath of the financial tsunami, rarely seen in a century-period of time.At present, financial products are also reduced to certain categories only, such as traditional insurance and fund products while other products, like structure notes and derivatives are put into scrutiny for reviewing their structures and design. On the other hand, having followed the profit in 2009, Wealth Management, however, is still the mainstay source of bank profit and will continue to play a leading role in future. Besides, a large sale of domestic insurance, insurance products and funds are all indicative of the flowing-back of customers. Judging from this phenomenon, this paper aims to deal with the change/difference in bank management, financial products, personnel area and marketing in post-financial tsunami. Also, through the in-depth interviews with three high-ranking bank staffers, this paper gains precious findings in current wealth management strategies in such fields as charge-gained-profit increase, self-regulation/supervision norms, risk management and professional competence. And these findings can provide either banks or financial institutions with reference for planning vistas of running business. As far as security and stability concerned, Wealth Management should meet custormers’ needs rather than create cumstormers’ demand. Furthermore, Wealth Management of a bank should be reviewed from not only the merits of its counterpart but also the fundamental approach within itself. Take the client assets for example. Based on the analysis of re-examining previous client assets transaction, merely 20% customers contribute to 80% Wealth Management of a bank. After the financial tsunami ,banks change their business model and marketing strategy could not only survive after this finance tsunami and tough slack but increase their market share and we believe that wealth management industry in Taiwan will molt by severe competition in 〝Post-wealth management era〞.
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Hu, Pro-Cheng, and 胡寶成. "Taiwan financial entering Mainland China sector strategy analysis." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/58609183686089644824.
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Jian-JyunLin and 林建均. "Corporate Financial Strategy and Collective Bargaining with Union." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/57137261671801729787.
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碩士國立成功大學
財務金融研究所
103
My sample consists of 7,824 firm-year observations in the U.S. manufacturing industry during 2003-2012 period. I provide evidence that firms hold less cash reserves and increase their debt ratio when they face more powerful labor unions. I analyze the effect of unionization on corporate cash holdings and capital structure. I find a negative relation between the unionization rate and cash holdings. However, I find a positive relation between the unionization rate and debt ratio. My findings suggest that firms use financial strategy to improve their bargaining position prior to the negotiation with unions in collective bargaining. It means that firms signal to unions for the financial condition and make them to concede in negotiation. Additionally, I discuss the possible actions which can improve the bargaining power in collective bargaining for firms and unions to help decision making.
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Danso, A., Samuel Adomako, J. Amankwah-Amoah, S. Owusu-Agyei, and R. Konadu. "Environmental sustainability orientation, competitive strategy and financial performance." 2019. http://hdl.handle.net/10454/16791.
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YesExtant research has established that environmental sustainability orientation (ESO) has a positive influence on performance outcomes. Nevertheless, several contingencies tend to affect the strength of this relationship. In this study, we draw on natural resource-based theory to introduce competitive strategies as moderators in the ESO-performance nexus. Using time-lagged data obtained from 269 firms in Ghana, this study finds that firms pursuing the differentiation strategy can positively boost performance outcomes with ESO than without differentiation strategy. We also find that firms can use the low-cost or the integrated strategy to get higher impact on performance with ESO respectively. Based on the results, firms in Ghana do not need differentiation strategy in order to boost the effect of ESO on financial performance. Theoretical and practical implications are discussed.
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Lee, I. Lin, and 李怡霖. "Acer Group''s Management Strategy and Financial Analysis." Thesis, 1997. http://ndltd.ncl.edu.tw/handle/99952038681683424032.
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郭家林. "The Relation of Firm Characteristics、Financial Strategy、and Financial Performance in the Software Industry." Thesis, 1999. http://ndltd.ncl.edu.tw/handle/23308378074119381295.
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碩士大葉大學
事業經營研究所
87
The performance of a company is usually affected by the collection，application and management of capital. This study focus on the relation of firm characteristics，financial strategy and financial performance in the software industry. All the data were collected by questionnaire and analyzed by descriptive statistics and ANOVA. The results show that the development of the new products or new technology、purchasing facilities，and upgrading of software are main target of investment. Regarding the source of capital，short term loan、commercial papers，and mid-long term loan are the most important in loaning capital. Capital from company owner or stockholder、retained earnings，and common stock are the most important source of company owned capital. Besides，the term of accounts receivable is 90 ~ 120 days on overage；the term of accounts payable is 60 ~ 90 days on overage；inventory turnover is below 2.5﹪. Transferring from profit margin to retained earnings，and then use the retained earnings as operation fund are the strategy for most of the software companies. Besides，the lower the return on total assets that the company gets，the more important they think customer service is. There was significant difference in capital investment or operating revenues for cooperating in R&D with other companies，purchasing assets，and business interaction with bank. However，the difference was not significant for financial performance in different capital managing strategy.
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甘景文. "Corporate image and advertising strategy for Taiwan’s financial firms：The case of Cathay Financial Holdings." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/vjzfde.
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Chang, Ting-Chang, and 張廷彰. "Financial Institution Merger Strategy Case Studies： Taiwan Financial Holding Company and Cathay United Bank." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/49gr79.
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碩士銘傳大學
國際企業學系碩士在職專班
97
The case studies resulted from the birth of the financial holding company in Taiwan. The financial holding company can do more than one kind of business in financial industry. Not only can the financial holding company merge or acquire other financial institutions to have synergy effect and provide customers with diversified financial products for their best benefits, but also it can enhance Taiwan’s financial institutions to a higher extent of internationalization and globalization. Firstly, the studies introduce the background, causes, and the development of merger and acquisition (M&A) in the financial industry at the present time. Secondly, find out the effects on Taiwan’s financial market because of the development of the banking M&A and investigate the operating situation, developing strategies and the M&A key points of the financial holding company. Thirdly, seek the accounting process principle and method of M&A for the financial holding company. Fourthly, make an analysis on Cathay Financial Holding Company and the 3 in 1 of Bank of Taiwan, Land bank of Taiwan, and China Export and Import Bank. Fifthly, summarize the competitive advantages of Cathay Holding Company and Taiwan Financial Holding Company. Lastly, point out the difficulties and analyze the problems on the financial operating costs, the branch locations, corporate cultures, and the accounting professionals if there is a merger among Bank of Taiwan, Land bank of Taiwan, and China Export and Import Bank. In addition, make a comparison between Cathay Financial Holding Company and Taiwan Financial Holding Company at the same basis and suggest some different operating strategies and methods for the two companies.
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Huang, Li-Ting, and 黃麗婷. "The Survey of Financial Literacy among Taiwan College Students and Financial Education Promoting Strategy." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/12224416544745610015.
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碩士世新大學
財務金融學研究所(含碩專班)
98
The demand of financial education is originated from the new structure of society. The new society is developed by the trends of longevity, bachelorism, marriage at a more mature age, and Shoshika. The financial education helps people to face the more sophisticated financial environment, and makes choice from various investment products. The financial turmoil in 2008 caused the fear to Taiwan investors, which also highlighted the urgency of promoting financial education. The purpose of finance management is to do the risk sharing in future income stablity and to increase the asset investment return, then avoid the finance uncertainty in the new strucutural society. Finance literacy enhancement is a great work similar to infrastructure development, it’s beyond class, age, ethnicity and region. While no immediate results of finance education, but the effect is broad. To understand the indequate of financial education, then set up the long-term implementation policy of fiance education. The study depends on the analysis of Taiwan college students’ financial literacy survey, and come out the suggestion in finance education, knowledge and skills improvement. The result of the study could be the government’s reference in finance education improvement strategy. We find there are a lot of concepts with positive effect in financial literacy, including Compound Interest Rate, “Income－Saving＝Consumption” the meaning is Saving Before Consumption, Inflation, Risk Awareness of Future Income Stable, Price Comparison, and the Money Attitude about the Wealth is Not Equal to Success.We suggest the six concepts need to be intergrated into the finance education textbook to upgrade Taiwan students’ level of financial literacy. In existing materials, the concept of Compound Interest Rate, Saving Before Consumpution, Price Comparison are mentioned, the other three concepts should be more in the future to make the contents more strategical and practical.
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Li, Ting-yi, and 李亭宜. "A Case Study of Business Strategy on Financial Performance." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/98596410612957260904.
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碩士國立臺灣科技大學
財務金融研究所
99
The purpose of this research is investigating the business strategy of case company, and realizing after case company cooperate with Potevio, how the stock price influent. And hope other Taiwan company may take it for example. I use case study to do this research and take a power supplied company as case company. Among the case study period, I analyze deeply on the business strategy made by the management, including the set up of factory in China, and the benefit share with Potevio, which lead to their stock price change. Step by step, this case analyze whether these business strategy have the pros and cons on financial numbers. The conclusions of this study are as follow： 1.OEM Strategy: After the purchase stage, case company can be Potevio’s OEM partner. 2.Brand Strategy: To avoid investing in capacity expansion and maintenance, reduce operating cost and strengthen competitive advantage. 3.Setting specific standard Strategy: Finally, case company and Potevio can be the standard maker.
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Chien, Shih-ting, and 錢詩婷. "A Case Study of Financial Strategy on Airline Conglomerates." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/45598259444767732368.
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碩士國立臺灣科技大學
財務金融研究所
99
The main purpose of this study for the analysis of case-Air Group's financial strategy, including investment strategies, financing strategies and dividend policy, the use of quantitative analysis of financial ratios and qualitative case study method, case study groups in the government cross-strait air flights and land used in the context of free exercise off the financial strategy, and into the airline industry analysis and business strategy research group of cases, given the case and the aviation industry, Aviation Group's financial strategy and future business strategies of the proposals and the findings of this study are as follows: (A) the financing strategy: the first quarter of 2011, the cost of machinery and equipment increased by 17 120 million, the case has been on the air group of funds to maintain three to one configuration, the source of funds for the balance 75%, 25% of shareholders' equity, company's debt ratio remained at an average level. (B) Investment strategy: in 2011 estimated average price of aviation fuel at 120 dollars / barrel, the total operating cost of aviation fuel will increase to 47%, fuel costs total operating costs increased year by year, the appreciation of NT dollar could reduce oil prices by pressure can be used to make crude NT hedge the exchange rate or stability of the company profit. (C) the dividend strategy: In recent years, net profit after tax cash dividends allotted regressive state, and many more stock dividends instead of cash dividends, the case of low value per share Aviation Group (10.5 million), to increase the stock dividend to enhance the company's net worth strategies. (D) cross-industry alliance strategy: apply for medical charter, the establishment of group corporate image, while the smaller models because of their high mobility, low cost flights. (E) the industry alliance strategy: cooperation with the Taiwan High Speed Rail passenger service one-off report, including Check-In procedures to obtain a boarding pass, VIP invitation cards, baggage, and related ticketing, reservations, inquiries and other services.