General Environment of Hsbc China Essay

Demographic Segment: Mainland China is step into an aging population society because of one-child policy. Aged people think that state-owned banks are more trustable such as China Bank and ICBC. HKBC should have some strategies towards these senior citizens to compete with the other big state-owned bank. Raising affluence and level of education is another demographic trend in China. People are more like to manage their income in portfolio rather than just saving and withdrawing. A larger population and almost all the affluent people distribute in east coast of China. So it is a chance to develop multi-financial service in these areas. However, China also has great disparities in income level and living standard. So to develop premium products or basic products is another strategy to think about. Sociocultural Segment: Women have relatively high status in China than other countries. More women work in different field, especially at some high-salary positions. Dual-income families have financial ability to improve living standard. And it is a great chance to attract more potential female customers who are loyal consumers of brands. Increasing temporary workers is another trend in China today. They work in cities from rural areas where might not have commercial banks. So complicated financial services are not work well for these people. Political/legal Segment: In 2003, China amended Law of the People’s Republic of China on Commercial Banks. And the rules towards banks are completing. Technological Segment: Technology in China today had created an open door opportunity with it high speed online connectivity and capability, automation and its rapid change of technology. HSBC have the change to use these advantages to improve their capability in business. Moreover, the advances in IT to generate process efficiencies also served as impetus for the growth of bank industry (Strategy, 2010). These allow departments share information and data, reduce cost and improve customer service as a major breakthrough for the express banking industry. Online bank and phone bank become a trend in the advent of high-tech. Economic Segment: Highly increasing GDP and CPI in China reveal the resurgent economy after 2008 economic crisis. It is also a resurgent of banks and financial institutions. Global Segment: Chinese economy has been in an emergence stage after getting into WTO in 2001. And the exchange rate of RMB is increasing. Rising inflation and global competition gave rise to greater pressures on businesses to minimize the costs of operation and also created demands for speed and accuracy in all aspects of business. HSBC was rolling in a scandal of laundering money for terrorist. This heavily effects the brand reputation of HSBC.

Nonverbal Communication Reflection Paper

Reflection Paper on Nonverbal Communication I learned a lot about Human Communication when I read the chapter about Nonverbal Communication. Nonverbal Communication is the process of using messages that are not words to generate meaning. I learned that it happens every day. I also learned that is very hard to read or understand depending on the person you are speaking to or with. Verbal and Nonverbal codes work in conjunction with each other. The words we speak or say are used in conjunction six different ways: to repeat, to emphasize, to complement, to contradict, to substitute, and to regulate. I never knew until reading this chapter that we do these things all most every time we communicate. These are things I took for granted until now. I now know that I will pay closer attention when speaking so I can work on how I communicate my nonverbal codes. I also learned that nonverbal codes consist of nonword symbols. Those symbols are bodily movements, facial expressions, bodily appearance, and personal space, time, touching, vocal cues, clothing and artifacts. I now know from this lesson that I also so all of these things as well when communicating. Everyone uses one or more of these when they communicate. I know from my own experience that people can read me by my kinesics. I know that I need to be more aware of how I communicate my nonword symbols. People can stereotype you if you are not careful. Understanding nonverbal communication is more common than not. I now understand how to interpret nonverbal codes better than I did before. I am also aware now of how I should speak to people using my nonverbal codes so that they may understand me as well. This chapter was very interesting to me because all of the things we do without speaking to people is amazing. I never paid attention before. I now understand nonverbal communication as well as how to use it in my everyday life better than I did before taking this class.

Evaluating The Investment Opportunities And Alternative Methods Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 2127 Downloads: 4 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? Firstly, compare the Base case NPV and Opportunity 1 NPV, according to the results of NPV calculations, we can obtained the results is Opportunity 1 NPV is positive and greater than Base case, under NPV rule, accept all project with positive NPV, under this rule, Opportunity 1 should be accept. On the other hand, even Opportunity 1 should be accept, there have some uncertainty factors should be consider, such as foreign currency risk. Since the Opportunity 1 is build new factory aboard, that will occur foreign currency risk. Don’t waste time! Our writers will create an original "Evaluating The Investment Opportunities And Alternative Methods Finance Essay" essay for you Create order The foreign currency risk usually occur when the money must be converted to another currency, thus changes in the currency exchange rate will cause the cost material or sales the product amount decrease or increase when the money converted back into original currency. Secondly, compare the Base case NPV and Opportunity 2 NPV, according to the results of NPV calculations, we can obtained the results is Opportunity 2 NPV is positive but it is less than Base case, under NPV rule, Opportunity 2 should be accept, even the NPV is less than Base case. If Penta Ltd accept Opportunity 2, they should be consider the uncertainty factors is the retail business is not their expertise, if will affected the retail business cant run efficiency, they may need to hire outside management and salesperson to run their new business, it will increased their operation and other relevant cost. 2. Evaluate the investment opportunities and alternative methods Net present value (NPV) is different than the present value, the present value is no considered the initial investment of the project, present value is compute the expected cash flow by the discounting them at the required rate of return. NPV is including the initial investment of the project, which means is the total amount of the initial investment minus present value. Advantages of NPV: NPV have considered the time value of money which can make the forecast cash flow discount back to today cash value, it can allows management to decide which project should be invest through the positive NPV or negative NPV. NPV is uses cash flow, not accounting profit, cash flow is more reliably, because cash flow is not affected by judgment of the accounting policies and cash flow is more difficult to manipulate. Accounting profit may adjusted by the management due to few reasons (creative account) and accounting profit would affected by judgment on accounting policies. NPV can take account of conventional and non-conventional cash flows, as well as changes in discount rate during project and gives absolute measure of project value. Disadvantages of NPV: Since the NPV is uses the cash flow, project cash flows is very difficult to estimate, in the real practice, the project cash flow is determined based on managements preference not actual cash flow. NPV allows the management to accept all projects with positive NPV, if two project simultaneous positive NPV, the management should choose the project with higher NPV. In addition to NPV method used to evaluate the investment opportunities, there are other ways can evaluate the investment opportunities, such as internal rate of return (IRR), Payback period and Profitability index. Internal rate of return (IRR): IRR is discount rate which gives zero NPV for project which the decision rule is allows the management to accept all projects with an IRR greater than the companys cost of capita or the companys target rate of return. Advantage of Internal rate of return (IRR) IRR can indicator for the choosing investment, if the result show that IRR is higher than the companys cost of capital or higher than the companys target rate than the project should be invest if there is no multiple IRR, compare between the IRR and NPV, when the project is mutually exclusives, NPV should be select advice. Disadvantage of Internal rate of return (IRR) IRR have no consider the time value of money, IRR method assumes that the opportunity cost of capital is the same for all cash flow. NPV have considered the changes in discount rate during project, but IRR ignores the changes in discount rate during project. If the projects with non-conventional cash flows and applying IRR method and that may occur multiple IRR, in this situation, if compare with the NPV, NPV should be select advice. Normally, NPV gives more correct selection advice to the management about mutually exclusive projects. Payable period: The payback period is a simple method to calculate how manage time can recover the capital spent on an initial investment. Advantage of payable period: Payback period can give simple concept to the companys management to understand how much time the cash will flow back to the company. Payback period is easy to understand than other method to the management. Payback period is easier to calculate than other method, such as NPV and IRR and the payback period is uses cash, not accounting profit. Cash flow is more reliably, because cash flow is not affected by judgment of the accounting policies and cash flow is more difficult to manipulate. Accounting profit may adjusted by the management due to few reasons (creative account) and accounting profit would affected by judgment on accounting policies. Disadvantage of payable period: Payback period only considers the cash flows within the payback period; it is no nothing about the project. Payback period have no consider the size of cash flows, timing of cash flows and the time value of money which can not discount back the forecast cash flow to today value and payback period does not consider the risk of the project, risk is very important element for the consider whether the project should be invest. If ignores that will affected the management decision making. Profitability index: Profitability index is that the present value ration of a projects cash flow to initial investment. When the result of profitability index is 1 indicates that the project should be accept, and this is consistent with net present value greater than 0. Advantage of Profitability index: Profitability index and tells the management whether the investment of project increases the firms value, it is easily to understand for the management decision making, profitability have considers all cash flow of the project and considers the time value of money, through the cost of capital, profitability considers the risk of future cash flows. Disadvantages of Profitability index: Profitability index is based on the cost of capital to calculate the result, but the cost of capital is very difficult to estimate accurately. When to use the profitability index to compare mutually exclusive projects which may not give the correct decision to the management, if compare mutually exclusive projects, NPV gives more correct selection advice to the management about mutually exclusive projects. 3. Implications of undertaking Option 2 If Penta Ltd undertaking Option 2, enter into the retail business, based on the acquisition the option 2 NPV which result is positive, therefore, the project should be invest. In this selection of Penta Ltd, it will seen as a vertical acquisition, vertical acquisition is the company in the same industry at different stages of production merge, vertical acquisition have backwards acquisition and forwards acquisition, Penta Ltd is seen as a forward acquisition, it is because that Penta Ltd is to acquire a small chain of shops in UK and enter into the retailing business under its own brand, it is same business but in differ stage. Vertical acquisition can secures vital outlets for finished products. It can secure Penta Ltd can quickly and directly to sell their product. Normally, the company makes acquisition decision that objective is that they want through acquisition to gain synergy effect and economies of scale effect. Synergy effect is arise when the acquire complementary activities lead to increasing profit or output, synergy effect normally reflected by the company operating, financial and managerial, but the problem is the synergy effect is very difficult to quantify before the companies combine and also difficult to realise once combination occurred. Economies of scale can make the acquirer have a larger scale of operations or through the acquisition can more efficient to use the assets through this activity leads to decrease in average unit cost. Economies of scale normally reflected by the company production, distribution and marketing. In this situation, Penta Ltd better able to experience the economies, it is because that Penta Ltd is making a vertical acquisition, it can help Penta Ltd to entry to the new market and extend their business to retail business, from manufacturing products to sell is also a train. Penta Ltd can through the acquisition to secures their the can more efficient to sell their product. Even Penta Ltd able to experience the economies, due to Penta Ltd is entry to new market, retail is not their expertise. If Penta Ltd transfer their managerial skills to the new business, due to the retail business is not their expertise, that will cause the management of Penta Ltd can not efficient to run the new business, it may cause Penta Ltd need to recruit new management and sales persons with a good customer services and good retail experience and skills to manage the new business. It will be increased the cost of capital. And the other problem is the culture problem, culture problem is more important, it is because that when two company is merge together, often occur the culture problem. Penta Ltd can through the acquisition to quickly to entry to the new market for existing product, it is faster than organic growth and through the acquisition, and Penta Ltd can savint the carry costs such as research and development cost. Penta Ltd through the acquisition can quickly to growth their market share and increased market power or market size. 4.1 Penta Ltd has access to unlimited funds If Penta Ltd access to unlimited funds, since the both option 1 and 2 is a positive NPV, under the NPV rules, if the project result is positive, the project should be accept. For Investment Option 1(Build new factory abord), the investment cost of the factory is 8 million. For Investment Option 2(Enter into the retail business), the investment cost of entering into the retail business is 5 million. The total investment cost of both investment opportunities is 13 million. The company have sufficient funds to undertake both investment under unlimited funds, even option 1 NPV is higher than option 2 NPV, separate to discuss the implication of option 1 and option 2. Option 1 is to build new factory abroad, Option 1 NPV is higher than base case and option 2, option 1 can generate more revenue to Penta Ltd, Option 1 can increase Penta Ltd market share in their business and increase their production capacity which may increase their output and profit, through build new factory abroad, Penta can increase their production efficiency, improve their internal operation. On the other hand, to build new factory will increase their operation cost. Option 2 is to enter into the retail busines, this option through the acquisition can help Penta quickly to entry new market and extend their business from manufacturer to the retail business which can secures Penta Ltd vital outlets for finished products. Through the acquisition they can extend their market size and market share. On the other hand, retail business is not their expertise, it may can not run efficiency, they may need to hire new management with good sales and customer experience to manage the new business, it will increase their cost. Based on above information, Penta Ltd should undertake option 1, it is because that option 1 is their expertise, option 2 is not their expertise, and option 1 is higher than option 2. Therefore, Penta Ltd should undertake option 1. 4.2 Penta Ltd is only able to raise capital up to  ¿Ãƒâ€šÃ‚ ¡10million Since Penta Ltd is only able to raise capital up to 10million, therefore, it should be undertake the highest NPV option, the highest of the two options is option 1 which NPV is higher than option 2 and base case. Penta Ltd should undertake option 1 not option 2, even the both NPV is positive. To build new factory an increase Penta Ltd market share in their business and increase their production capacity which may increase their output and profit, through build new factory abroad, Penta can increase their production efficiency, improve their internal operation and reduce the average cost of production. On the other hand, to build new factory will increase their operation cost such as labour cost, they should be hire person to run their new factory. If build new factory aboard, Penta Ltd should considering the foreign currency risk. The foreign currency risk usually affects Penta Ltd when their make export and/or import activity, when the money must be converted to another currency, thus changes in the currency exchange rate will cause the cost material or sales the product amount decrease or increase when the money converted back into original currency. It will affected their profit of whole business.

Psychology And Christianity Second Edition By David Entwistle

SUMMARY The book Integrative approaches to psychology and Christianity second edition by David Entwistle introduces the text by explaining how psychology can go in a direction, and Christian theology approach can lead in a different direction. He continued by stating the need for understanding and studying human behavior because people come from different walks of life and different expectations. It leads us to form unique perspectives to help give us an understanding of the individuals you encounter. The Entwistle s book addresses the relationship between Christianity and culture, Christianity and science, and Christianity and psychology. Entwistle enhances the history of the religious and science communities by informing his readers on how they have interacted throughout the centuries; he does this so that his readers will have a greater understanding of modern psychological thoughts regarding Christianity. Entwistle explained human reasons and faith based on Tertullian and Blamires s opinion. He gets his point across by telling about a newspaper article that talked about a group of worshippers that fell ill in their church from carbon monoxide poisoning; due to their constant prayer even after feeling lightheaded and nauseated. Tertullian believed that human reason (Athens) and faith (Jerusalem) are inherently irreconcilable. On the other hand, Blamires provided an alternative to Tertullian s viewpoint. Blamires did not see Athens and Jerusalem as being opposed to oneShow MoreRelatedEssay about Integrative Approaches to Psychology and Christianity1320 Words   |  6 Pages4-MAT Review Anita Cox Liberty University COUN 506 Integration of Psychology and Theology September 7, 2012 â€Æ' Integrative Approaches to Psychology and Christianity David N. Entwistle Cascade Books, 2010 Summary Just as the title describes, Entwistle explains within the book the attempts and varied approaches of integrating both psychology and Christianity, two entities which seem to have been at odds with each other since the time of Galileo. By explaining key historical conflicts, suchRead MoreIntegrative Approaches to Psychology and Christianity 4-Mat Review 1254 Words   |  6 Pagesbook Integrative Approaches to Psychology and Christianity by David Entwistle compares and contrasts the secular view of Psychology and the biblical view of Psychology. Entwistle delves into the question is psychology and Christianity mutually compatibility. The Integrative Approaches, Entwistle communicates to us there is two human behavior perspectives which relate to each other. According to Entwistle (2010), In order to intertwine psychology and Christianity it is required to define the contoursRead More4 Mat Review of Integrative Approaches to Psychology and Christianity 2nd Ed.1309 Words   |  6 Pages4 MAT Review of Integrative Approaches to Psychology and Christianity 2nd Ed. COUN 506 Sherrita L. Hedgepeth Liberty University July 14, 2012 Summary David Entwistles (2010) Integrative Approaches to Psychology and Christianity appears to be a text with a primary audience which appears to be conservative evangelical Christians. The basic ‘meat’ of the book is the premise that weaving together perspectives from psychology and Christian theology can help us understand and appreciate humanityRead MoreUnderstanding Of Integrating Theology And Psychology1771 Words   |  8 PagesDavid N. Entwistle (2015) shares a life of experiences beginning with the heartbeat of his father who believed that life held a vocation for anyone willing to be a Christian regardless of their field of employment (Entwistle, 2015, xi). This passion begins with the historical framework as well as the philosophical foundations supported by a variety of models of assimilation that accomplish a resolution of ideas throughout David Entwistle’s textbook titled: Integrative Approaches to Psychology and

Information Assurance Policies Developed Within The Title...

Introduction How are information assurance policies developed within the title insurance industry? While each organization can choose to follow its own path, there is an established set of best practices available. These best practices are available from the American Land Title Association, and they address most of the issues that are related to information assurance in the industry, but do these practices completely cover all of the necessary areas of information assurance or are there weaknesses that need to be overcome? How can these best practices be improved and how would the improvements alter the daily function of the industry? Are there any barriers in place that may cause difficulty in implementing new procedures? All of these†¦show more content†¦Ã¢â‚¬ ¢ Adopt and maintain written procedures related to title policy production, delivery, reporting, and premium remittance. †¢ Maintain appropriate professional liability insurance and fidelity coverage. †¢ Adopt and maintain written procedures for resolving consumer complaints. While all of these best practices have a minor role in the information assurance policy development process, the practice for adopting and maintaining a written policy and information security program to protect Non-public Personal Information as required by local, state, and federal laws is the main focus in this regard. ALTA’s stated purpose of this practice is: Federal and state laws (including the Gramm-Leach-Bliley Act) require title companies to develop a written information security program that describes the procedures they employ to protect Non-public Personal Information. The program must be appropriate to the Company’s size and complexity, the nature and scope of the Company’s activities, and the sensitivity of the customer information the Company handles. A Company evaluates and adjusts its program in light of relevant circumstances, including changes in the Company’s business or operations, or the results of security testing and monitoring. There are eight procedures that must be performed to meet the requirements

Differences Between The Cold War System and Globalization free essay sample

A look at the Thomas Freidman book, The Lexus and The Olive Tree. This paper takes a look the differences between the cold war system and globalization as seen in Thomas Freidmans book, The Lexus and The Olive Tree. The author looks at how the defining measurement of the Cold War system was muscle and defense strategies, while the new globalization system is defined by global markets, the Internet, and satellites which reinforce the idea that we are all part of the same world no matter your geographical location. Freidmans assessment that globalization has spread Americanization is interesting. Americans tend to be known for their short attention spans and greedy behavior. We are a culture who watches five different thirty- second commercials in one half hour of television. We are always indulging ourselves to the ever-changing new trends. I believe that this is the product of the free-market, capitalist society in which Americans live today. We will write a custom essay sample on Differences Between The Cold War System and Globalization or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Freidman says that the countries that are most willing to let capitalism flourish will thrive in the new system of globalization. However, where there is competition there is even more greed. This can greatly influence ones motivations, politics, morals, and overall belief structure.

Rappelling And Ascending Essays - Types Of Climbing, Prusik, Rope

Rappelling And Ascending Rappelling and Ascending Ascending, descending and rope rescue are very exhilarating sources of entertainment and rescue while at the same time extremely complicated. This brief history of the long and ever adapting history of rope climbing and rescue is very interesting. The following article will provide information on how and why people do this on their free time for entertainment purposes. There are many types of tools and equipment used in rope rescue for all of its demanding tasks. Many knots are developed and used for safety purposes. Many skills are needed to be a good climber. Safety is always the primary concern of a climber or rescuer. Rope rescue is a major area in today's rescue world. Yesterday's hemp rope has evolved into a vigorous sport for some and a dangerous career for others. The history of rope can be traced back to as early as prehistory. ?Rope, a flexible line made of fibers or wires twisted or braided together for tensile strength.? At first rope was twisted by hand. The Egyptians used tools to make rope from papyrus and leather, but hemp was the standard for rope until the 19TH century when Manila hemp replaced it. It was not until the 1950's when synthetic rope was introduced. There is an enormous difference between natural and synthetic ropes. There are a few different types of climbing such as alpine climbing, ice climbing and rock climbing. Throughout the world there are men and women who travel to exotic mountains for one purpose only, to reach the summit. For as long as time can tell, people have had an unquenchable thirst for thrill and excitement. I think other sports would struggle to compete with the exhilaration and danger of rappelling and ascending. Many people have made the ultimate sacrifice to explore their dreams on some of the most extravagant mountains here on Earth. Mount Everest is the highest mountain on Earth and the ultimate mountain for thrill seekers. Rope rescue has so many various tasks, which need specialized tools and equipment. The climber must first understand the nature of the climb to accurately bring the right tools and none of the wrong ones, since extra weight is anything but a luxury in this business. The figure eight is a non-moving piece of great importance for ascending. It allows for a slow controlled descent by using the ropes own forces and pressures to give the user the ability of a full range of speeds from a complete stop to free fall. This is a very fun and useful device. The carabineer is a major structure to someone on rope. It is a metal piece that connects hardware together. It a carabineer breaks, the person falls. Have you ever heard ?a chain is only as strong as its weakest link A harness is best described as a pair of shorts constructed of nylon that fits around the person to support him and connect him to the equipment. There are three classes of harnesses, each having separate ranges of motion allow ed. They are also extremely uncomfortable. Rope is an obvious must for rope climbing. There are numerous types of ropes that are predetermined by the nature of the use. Some ropes bounce and some are water repellent for rescue situations such as floods. Ascending requires an ascender. Most preferred is a mechanical ascender, which allows the climber to simply stand up on his prussic and slide the ascender up. The ascender then locks into place allowing the climber to sit down and move his prussic up. Repeating this situation results in vertical movement. Knots are almost as vast as grains of sand on the beach; some are just more useful than other. Knots are in a few different categories. They are made of many materials and are used to hoist, anchor, attach, pull, stop and many other things. One such category is hitches, which should never be tied around a patient or anything vulnerable to pressure due to the fact that hitches get tighter more pressure is applied. A butterfly knot is mainly used to carry tools. It is also easy to remember due to its descriptive name. A prussic knot is used to grip rope