Opportunities Analysis for Citigroup Project Essay

Opportunities Analysis for Citigroup Project - Essay Example Citigroup is being recognized as the largest company in the world as per Forbes in 2008. It also has a customer base of over 200 million. The business of the company is divided into three in order to enable specialized services for the customers. The three groups are Global consumer, Global wealth management, and Institutional clients group. "Citi is organized into three major business groups - Global Consumer, Institutional Clients Group, and Global Wealth Management." (How Citi is organized, 2007). Here the company plans to implement a project in which they focus on undertaking an up gradation in their computer systems. The new project is aimed at providing improved and speedy services for the customers. The company is very keen on providing services to the customers strictly on the basis of their needs. Inconvenience for their customers is something that the company cannot afford to happen. The company has thus come up with the idea that, for speeding up the process the systems in the company has to be improved and upgraded. This report looks into the various areas regarding the implementation of this project. The relevance of focusing extremely on customer needs is being discussed on the basis of Citigroup. It is explained in the report about the link between the goals and objectives of the company and the new project proposal. As the company is highly focused on the customer needs the new system will enable them to deliver even better quality results. In this section of the report, an analysis of the new project proposal is being done.Environmental scan of Citi group: Like any other business Citigroup too is influenced by the changes in the environment in which it operates. The major environmental factors that affect the company are political, economic and social conditions. Among all these, the economic condition is the factor that has the most influence. Any changes in the economic factors affect the company directly and indirectly. The interest rate dif ference made by the central bank on the basis of the economy makes the company revise its own interest rates. Similarly, political instability will adversely affect the better functioning of the company in the country. The changes in the attitude of the society towards the company also have an impact on the functioning. The strategies of the competitors of the company are one of the major external factors that affect the company. Citigroup faces very high competition from the other leading banks and financial companies. "Citigroup competitors are primarily in the Money Center Banks industry. Citigroup also competes in the Online Banking, Private Banking, and Asset Management sectors."(Citigroup competitors, 2008). The major competitors of Citigroup are Bank of America, Deutsche Bank, and JPMorgan Chase. These are some of the leading banks in the world along with Citigroup.Customer needs and expectations: The customers in this particular sector are very choosy. One of the reasons for this is that there are a number of service providers in this sector. Since there are a number of companies operating in the sector the customers are left with a sufficient number of products to choose from. The company already has a very large customer base in the market. The major expectation and desire of the customers are fast and better services from the banks.

Chrysler Group LLC Research Paper Example | Topics and Well Written Essays - 750 words

Chrysler Group LLC - Research Paper Example This is a good stance for our students since they will also learn the basic tenets of corporate social responsibility. As a reputable institution, we should groom our students so that they can meaningfully contribute to the development of different societies rather than just focusing on getting well paying jobs. This will also help to create a good reputation for the institution if we are associated with companies that are socially responsible for their operations. The aspect of good corporate citizen makes Chrysler Group an ideal company to partner with in as far as internship for our students is concerned. Good record of workplace safety The other reason why we should partner with Chrysler Group in terms of internship for our students is that it has a good record of workplace safety environment. Our students will be safe if they are attached to this company and they will also generate knowledge about the significance of creating and maintaining safe working environments. The Nation al Safety Council (NSC) recognized Chrysler Group’s focus on improving safety in the workplace recently. Each company has a responsibility of ensuring that it creates a safe working environment and there is no doubt that Chrysler is good in this particular area. The company also strives to maintain good records of quality working relationships and this will help our students to gain the practical experience they so much require. This will also help our students to transform the theoretical knowledge they have so far acquired from their academic courses into practice. The aspect of good record of workplace safety maintained by Chrysler Group will play a pivotal role in the development of our students. Committed to develop diverse future business leaders Finally, there are indications that the company will uphold its commitment to develop diverse future business leaders. This is evidenced by Zetsche’s outstanding leadership qualities that significantly helped the company to turnaround its fortunes in the early 2000 after unprecedented loses. This leader is accommodative and to date Chrysler Group boasts of diverse and competitive leaders who come from different parts of the globe. The major success of the company can be attributed to its strategy of recruiting talented people from diverse backgrounds. The company also has retention schemes in places that are meant to ensure that all the skilled workers stay for a long period there. The company also has a policy that is meant to attract students for internship and this program is designed in such a way that the students will improve their business communication skills. Of notable concern is the fact that Chrysler Group offer scholarships to talented MBA candidates and it draws the applicants from more than 30 of the nation’s leading business schools. It will be a privilege for our school to be associated with is reputable company since it will help us to create a positive image. On top of tha t, our students will be marketable internationally which will be an added advantage to them as well as our institution. It is my conviction that the company’s commitment to develop diverse future business leaders will go a long way in assisting our students with their internship