EFG Eurobank Corporate Strategy Essay Example | Topics and Well Written Essays - 3500 words

EFG Eurobank Corporate Strategy - Essay Example More recently, strategy implementation has been heralded as the key to corporate strategic success (Ulijn and Amant, 2000). However, corporate strategy regardless of how elegantly conceived, how comprehensive its scope, or how forward-looking its thrust, does not provide competitive advantage until it is communicated, understood, valued and acted upon by a variety of key corporate stakeholders. Employees must understand, accept and internalise corporate strategy if the strategic blueprint is to be transformed into positive strategic results. Suppliers, strategic partners and customers must have a basic understanding and appreciation of the firm's strategic direction if these stakeholder relationships are to flourish and be productive. The financial community must be aware of a company's strategic intentions in order to properly evaluate a firm's current value and prospects for the future. Only when the corporate strategy message is communicated in a clear, concise, timely and persuasive manner to key corporate stakeholders does the firm have an opportunity to achieve competitive advantage. This paper will serve as an explanation of what Corporate Strategy meant. ... EFG Eurobank Ergasias was first established in 1990 as Euromerchant Bank. With 8 billion market capitalisation and 1.9 billion share capital at the end of 2004, the EFG Eurobank Ergasias Group currently offers a full range of banking products and services aimed at individuals, corporations and institutions. The Bank has built up leading market positions in a number of areas, in particular in the high margin, high growth segments, which form the key focus of its activities. EFG Eurobank Ergasias is Greece's leading provider of consumer loans and credit cards, lending to small and medium sized enterprises and mutual fund management. Moreover, it has a significant presence in corporate banking and holds the leading position both in investment banking, through EFG Telesis Finance, and in capital markets, through EFG Eurobank Securities, while it also has a strong comparative advantage in the field of private banking. Employing over 13,700 people, both in Greece and abroad, with a local distribution network of over 300 branches, 700 ATMs and alternative distribution channels, including phone banking, electronic banking and mobile banking, the Bank achieves countrywide distribution and service capability and the integrated coverage of the needs of its customers. The Bank also develops its presence in the wider geographical area. Access to European markets is facilitated through the strategic alliance with Geneva-based EFG Group. The Target of EFG Eurobank was to become the Bank of first choice in Greece, focusing on quality, innovation and comprehensive services; and To develop its presence in the wider area of Southeastern Europe, exporting its successful local business model. In terms of its ownership,

This is about a group project. I just I wanna rewrite by ur own word Essay

This is about a group project. I just I wanna rewrite by ur own word - Essay Example Due to cultural beliefs and traditional attributes, Chinese prefer to have large families. Married women go ahead to have more than five children. This paper will seek to provide China’s profile by discussing its political system, income distribution, and demographic features such as age, education, and gender. In China, the belief that children bring joy into a home is a major contributor towards the reason as to why Chinese have such large numbers of children within a single family. For a long time, China stayed unstable due to chaos mostly generated by wars in which it engaged in but after it stabilized, the country’s population grew with such a rapid speed that it moved from 250 million to 500 million within a short time (48). Surprisingly, due to seeable developments in healthcare and food availability, China’s population growth is astonishing. As of today, this country’s population is experiencing a boom burst, as it will rise from 1.3 billion to 1.6 billion in just 50 years (see Fig. 1). This indicates that years between 1700 and 2070 will be very substantial for government if it finds controlling the country’s population crucial. ... This implies that the country is unable to provide adequate land for farming for its population. Such, is an indication that if China continues to expect such population growth rate, the country will face an enormous calamity of hunger (57). Based on this aspect, the past two decades and half have seen China hold very strict family planning programs aimed at controlling population growth in this country. Fig.2.  Ratio of China's land and population in the world Fig.3.  Arable land and per capita cultivated land in China With reference to the current population control program, the policy consists of two specific guidelines. In the first one, the government sought to control the rapid population growth by reducing Children’s birth defects. In the second, the government sought to make people understand the vitality of marrying late and having children later. Additionally, in the rural areas, people should resolve to give birth to another child only when the first one is beyo nd four years. After the government enacted such policy late last year, research findings indicate that it has worked for the best as of now, the country’s population growth is somehow declining (63). Nevertheless, due to this policy, observations show that China has the largest gender gap with regard to many other Asian countries. Astonishingly, most Chinese parents prefer to have a male child instead of a girl. Under this spectrum, it is agreeable that in China boys are of more importance when compared to girls. According to a study carried out in year 2000, the ration of baby boys to that of baby girls was 120:100. Moreover, in some of the poorer regions in the country, the number of boys is twice that of girls. A critical analysis into this situation proves that