...Strategy Learning Team Reflection: Chase Strategy Carla Brown, Christine Denson, Shacorra Hall, Danielle McGregor, Donnie Phillips OPS 571 October 1, 2015 Dr. Deborah Jones Learning Team Reflection: Chase Strategy Chase Strategy: Introduction Learning Tea A will discuss the Chase strategy. The examination of two companies that may benefit from the utilization of the Chase strategy will take place. Challenges a company may face implementing the Chase strategy within their organization is researched. Advantages and disadvantages of the Chase strategy are identified. Whether intentionally or unintentionally all companies depend on a form of demand generation strategy. The Chase strategy is best recognized when production meets demand from one period to the next. The strategy is most effective when demand is unpredictable and there is no inventory. According to "Chase Strategy Basics: A Lead Generation How-To" (2014), "The basic principle of the Chase Strategy is to identify the market you want to target with your marketing, and create a profile of potential buyers” (Chase Strategy Basics). Companies create a database of potential customers, and then take steps to get leads and turn leads to sales. The chase strategy concentrates selectively targeted accounts. The chase strategy is not for every business. As with all tactics, there are pros and cons with the Chase strategy. Some advantages when applying the Chase strategy are aggregating planning; inventory is allowed...
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...Amanda Preston Tracy Tenson Comp 105 February 10, 2014 The Chase At a first look Annie Dillard’s, “The Chase” is an ordinary tale of children being children. It tells an incident from Dillard’s childhood when she was chased by a man after hitting his car with a snowball. Dillard’s purpose is to convey that even though it is fast paced, the exciting moments in life can be remembered ages after. Dillard begins her story of the day she was chased by studying the details that led to the day of the chase. Dillard describes the strategies that she has learned by playing football. These strategies toughened her up both physically and mentally. Dillard says all or nothing, to signify the skills required to play football. She continues to use diction such as wholeheartedly, body and soul, fearlessly, fate, to stress the seriousness of her actions. Dillard’s use of vivid details allows her to illustrate the sport in her mind. She says you would get kicked in the face while the kid got away, which makes the readers think of such pain. Dillard continues to give the reader imagery and details. She describes the setting with the six inches of snow. The author continues to describe her friends- the Fahey brothers, Chickie McBride, Billy Paul, and Mackie Kean are described as dark and furious, grew up skinny, knowing and skilled. These descriptions allow the reader to identify and imagine the characters. Also, Dillard describes the setting using descriptions. “The tracks left by the...
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...HISTORY: JP Morgan Chase & Co is one of the oldest, largest and best known financial institutions in the world. It is a result of a combination of several large US banking companies and over 1200 predecessors. It dates back to 1799. Chase bank is a subsidiary of JpMorgan Chase & Co that specializes in?. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. It is a national bank that constitutes the consumer and commercial banking subsidiary of financial services firm JPMorgan Chase. The history of Chase Bank dates back to September 1st, 1799 when the Manhattan Company was founded by Aaron Burr as a water carrier company. Burr’s goal was to bring clean water to New York City and put a stop to the monopoly that the Bank of New York and the federal bank had on the state. Alexander Hamilton started Bank of New York in 1784. The Mannhattan Company received its charter in an unusual way, through Burrs’ political connections in New York. Being a former congress man and vice president as well as other prominent positions, he sponsored abill through the New York assembly that established the water company which in turn allowed the creation of a bank. A clause in the bill allowed the company to invest surplus capital in any lawful enterprise. The Bank of Mannhattan started paying dividends in June 1800. The water carrier/bank was off and running. In 1804 Burr was...
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...BFF5130 BFF5130 Case Study 4 Chase-Disney -Syndicated loans Qiumin Liu 25388789 Case Study 4 Chase-Disney -Syndicated loans Qiumin Liu 25388789 Introduction Summary: In late 1999, the Walt Disney Co. and the Hong Kong government agreed to develop Hong Kong Disneyland, a theme park and resort complex worth HK$28 billion, which planned to open in late 2005. The selected underwriter, Chase Manhattan Bank, needed to raise HK$3.3 billion of non-recourse bank loans for construction and working capital of the project. Problem: The key concerns facing Chase were whether to bid at all, how to bid and how to structure the syndication to meet the borrower’s needs and its own profit objectives and the market’s expectation for an attractively priced credit. And also the participants of the syndicated loan must be identified. That is, whether to pursue a sub-underwriting and if so, whom to invited. Strategy Analysis: We need to analyze the three possible strategy options to determine which one is better. Please refer to Appendix 1 for option 1, Appendix 2 for option 2 and Appendix 3 for option3 to see the detailed calculation. Strategy | 1 | 2 | 3 | Mandate | Sole | Joint | Sole | Sub-Underwriting | Yes | No | No | No. of banks involved | 15 | 18 | 21 | Total income ($HK000) | $13,850 | $8,783 | $23,050 | Pool Income ($HK000) | $1,000 | $1,900 | $2,800 | Summarized through Appendix 1,2,3. * Strategy 1: Chase would be the sole mandated lead arranger...
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...JP MORGAN CHASE BANK N.A. AND ITS ORGANIZATIONAL CHANGES FOR THE GOOD OR BAD? Analyze a change effort in the organization. What went well? What went wrong? What should they have done? COMPANY HISTORY AND OVERVIEW……………………………………1 ORGANIZATIONAL ISSUE…………………………………. EXTERNAL THEORIES/OPINIONS…………………………………………….. INDEPTH ANALYSIS………………………………………… SOLUTIONS……………………………………………………. PERSONAL REFLECTION………………………………………………………………. COMPANY HISTORY AND OVERVIEW: JP Morgan Chase Bank dates back to 1799 when its earliest predecessor was chartered in New York City. There have been many mergers and acquisitions throughout the years that shaped what the company is today. The company is built on the foundation of more than 1200 predecessor institutions. Its major heritage firms — J.P. Morgan, Chase Manhattan, Chemical, Manufacturers Hanover (in New York City) and Bank One, First Chicago, and National Bank of Detroit (in the Midwest) were each closely tied, in their time, to innovations in finance and the growth of the United States and global economies. In 1991, Manufacturers Hanover Corp. merged with Chemical Banking Corp., under the name of Chemical Banking Corp., then the second-largest banking institution in the United States. In 1995, First Chicago Corp. merged with NBD Bancorp., forming First Chicago NBD, the largest banking institution based in the Midwest. In 1996, The Chase Manhattan Corp. merged with Chemical Banking Corp., under the name of The Chase Manhattan Corp., creating...
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...History A former American holding company, Chase Manhattan Corporation’s roots were planted during the final days of the 18th century in New York. During this time, after an epidemic of yellow fever the New York state legislature chartered the Manhattan Company to build a water supply system to bring clean water to the state. Because of the surplus of capital, some $2 million, the directors voted to use those funds to open an office of “discount and deposit”. On September 1, 1799, the Bank of the Manhattan Company was founded by Aaron Burr and opened in a house on 40 Wall Street. Over the next few years, after the success of its waterworks, the company sold the waterworks and retained its focus solely on banking. Growth was steady over the years, but its expansion took off after the onset of the 20th century. In 1918, the company acquired its first branch office after a merger with the Bank of the Metropolis. Two years later, it merged with the Merchants’ National Bank of the City of New York and then the International Acceptance Bank, Inc in 1929. This merger noted the banks future in foreign trade financing. The Chase National Bank was organized September 12, 1877, by John Thompson, who named the bank in honour of the late U.S. Treasury secretary Salmon P. Chase although Chase had no connection with the bank. Chase National’s growth was phenomenal, and by 1921 it had become the second largest national bank in the United States, without any mergers. After that year the bank...
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...all subsidiaries or strategic business units JP Morgan Chase & Company is a global financial institution that operates in more than 60 countries and the largest U.S bank in terms of assets with over $2,400 trillion as of September 2013. (Benoit, 2013) JP Morgan Chase is considered a public holding company because it owns several companies outstanding stock. The JP Morgan & Chase Co. was formed after the merger of two previously formed major banking institutions; Chase Manhattan Corporation and J.P Morgan & Co (J.P Morgan Chase & Co, 2014). It was ranked by Forbes magazine as the fourth largest public company in the world. (Murphy, 2014) In addition to this as of 2011 the hedge fund unit , which refers to a rather complex investment type, is the second largest hedge fund in the US only being out won by Bridgewater Associates. (Unknown , 2010).Commercial and consumer banking in the U.S operates under the Chase Banking Brand while JP Morgan services global corporations, institutional investors, wealthy individuals and governments throughout the world. II. Historical perspective on the organization Founded in 1799 by its predecessors in New York City, JP Morgan Chase is one of the oldest and largest financial institution in the world (JP Morgan Chase & Co, 2014). Over 1,000 companies combined throughout the years in order to form JPMorgan Chase & Co. Major firms includes J.P. Morgan, Chase Manhattan, Chemical, Manufacturers Hanover and Bank One...
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.................................................................................. 6 Table 2: Discounted cash-flows ............................................................................................. 6 Table 3: Banks strengths in comparison................................................................................. 7 1. Evaluate the rationale for the merger After a period of record number of bank failures during the 1980s, the Banking Industry entered a period of record profits in the 1990s. Also the industry saw a large number of bank mergers that pointed out a new trend, leading to more concentrated and bigger banks holding a majority of total banks assets. Following this trend a Chemical/Chase merger became attractive. By accomplishing this merger Chase Manhattan would grow to the largest bank of the USA and the fourth largest in the world, which would sum up to total assets of $297.3 billions, a market capitalization of $22.9 billions and shareholder equity of $7.3 billion. A clear rationale for merging was the elimination of overlapping business activities, which would lead to massive cost savings of $1.5 billions per annum. This would be achieved through a reduction...
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...a multinational banking and financial service provider company, JP Morgan Chase, which was enlisted as the 2nd most profitable company in 2015. According to Fortune 500 list, JP Morgan Chase & CO managed to become the largest bank in the U.S, the title that was previously owned by Bank of America. In addition to Chase's expansion, the corporation surpassed Wells Fargo in yearly earnings and was named as the nation's most profitable bank (Shi, 2016). Chase's recent expansion and success go hand in hand with the initiatives that the corporation is upholding. Some of the strengths of the financial services company include strong brand name, good financial position, and visibility. As the industry statistics confirm Chase remains to be the only bank along with Discover to maintain the good financial position, showing highest sales, market value and assets especially after recovering from the financial recession....
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...Case Study: Chase Manhattan Bank Chase Manhattan Bank The workload in many areas of bank operations has the characteristics of a nonuniform distribution with respect to time of day. For example, at Chase Manhattan Bank, the number of domestic money transfer requests received from customers, if plotted against time of day, would appear to have the shape of an inverted-U curve with the peak reached around 1 P.M. For efficient use of the resources, the manpower available should, therefore, also vary correspondingly. A variable capacity can effectively be achieved by employing part-time personnel. Since part-timers are not entitled to all fringe benefits, they are often more economical than full-time employees. However, other considerations may limit the extent to which part-time people can be hired in a given operating department. The problem is to find an optimum workforce schedule that would meet manpower requirements at any given time and also be economical. Some of the factors affecting personnel assignments can be listed 1. By corporate policy, part-time personnel hours are limited to a maximum of 40 percent of the day's total requirement. 2. Full-time employees work for eight hours (one hour for lunch included) per day. Thus, a full-timer's productive time is 35 hours per week. 3. Part-timers work for at least four hours but less than eight hours and are not allowed any lunch break. 4. Of the full-timers, 50 percent go out to lunch between 11 A.M. and 12...
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...working business. This paper will provide a comprehensive analysis into one of the largest financial institutions in the United States JP Morgan Chase and Company. These topics include the following: 1. The History of the firm. 2. The Environment of the Business. 3. The Business operations tactics of the firm. 4. The Human Capital of the firm. 5. The Marketing and Pricing tactics of the firm. 6. The Distribution and Promotional tactics of the firm. 7. The Investor Relations of the firm. Business History Whether, it’s John D. Rockefeller and The Standard Oil Company, Andrew Carnegie and Pittsburgh steel industry, or the railroad tycoon Cornelius Vanderbilt. Most of us in business are truly fascinated by the accomplishments of individuals and the companies they founded that became such great American institutions of finance and industry. So we as spectators and future entrepreneurs always want to know the four W’s when inquiring about the origins of a great businesses such as the aforementioned. Who, What, When, Why? But we also want the most important HOW? How did they become titans of industry that they are. Provided in this topic will be answers to these questions and more in this description of JP Morgan Chase and Company. The origins of JP Morgan Chase can be traced back to the late 1790’s when then United States Senator Aaron Burr founded The Bank of The...
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...JP Morgan Chase Katherine Phillips Timothy Kellum Business Law/LEG 100 March 8, 2013 JP Morgan Chase announced a trading loss from investment decisions made by three managers that was in the Chief Investment Office (CIO) of 5.8 billion. Those three men were let go soon after and could lose at least two years of income. The traders involved were also let go from the bank with no severance. The CEO Jamie Dimon commended the Ina Drew who was over the office and Dimon volunteered to give two years’ of pay. Drew retired after the trades were exposed. The Securities and Exchange Commission (SEC) enforces the Securities Act of 1933 and 1934. Act 34 consists of disclosure requirements for public companies. Act 34 requires companies to file quarterly and annual financial statements and other documents with the SEC. The documents are publicly available through the SEC database. The documents have to be accurate and represent the company’s financial position and operations. The four elements of a valid contract are capacity, offer and acceptance, consideration and compliance with the law and public policy. The duty of good faith and fair dealing in the banking relationship is a general belief to a contract that will treat each other honestly, fairly and in good faith. It is done either verbal or written. The breach of the contract will result in a lawsuit and the courts decide the disputes between parties to contracts. Intentional tort is a civil wrong doing...
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...JPMorgan Chase. Chartered in 1799, JPMorgan Chase which began as The Manhattan Company was founded by Aaron Burr. Ranked number 16, JPMorgan Chase is a Fortune 500 company that offers financial solutions to clients in more than 100 countries. Having $2.5 trillion in assets and $108 million in revenue; JPMorgan Chase is the largest bank in the United States and has been in business for more than 200 years. Services provided by JPMorgan Chase are asset management, investment banking, private banking, treasury and security, and commercial banking. During the summer of 2012, the Security Exchange Commission (SEC) decided to investigate JPMorgan Chase after reports came out that a London-Based trader had been taking sizeable bets that distorted the market possibly causing the firm a $2 billion or more. JPMorgan Chase provided false reports about the trading loss stating that there were trading losses from investment decisions made by its Chief Investment Office (CIO) in the amount of $5.8 billion. On September 19, 2013, the Securities and Exchange Commission today charged JPMorgan Chase & Co. with misstating financial results and lacking effective internal controls to detect and prevent its traders from fraudulently overvaluing investments to conceal hundreds of millions of dollars in trading losses (U.S. Securities and Exchange Commission, 2013). JPMorgan Chase agreed to pay $200 million and admitted to the wrongdoings to settle charges with the SEC. Security Exchange Commission...
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...as staff conduct, credibility, communication and access to banking services whether through online banking or teller services. These factors represent the final dimensions of service quality that satisfy the customers. There are also the intangible aspects of the staff-customer interface. These intangible aspects include the implementation of a helpful, caring, and friendly and a committed approach among the members of the bank staff. Indeed, a positive experience in the area staff-customer interaction was the key to maintaining a high level of customer satisfaction. In a way, the bank customers respond positively to the customer-oriented, high-touch, and an intangible service quality criteria in an age of increased automation. The Chase Bank acknowledges that the critical dimensions of bank service quality and their implementation in practical business terms varies as the customer profiles and customer experiences evolve. Some studies have found that bank service quality expectations vary by segments and by countries (Arasli et al., 2005), and by time. It is possible that the saliency of bank service quality dimensions may be situational and may also adapt as the context changes. The ‘speed of service’ reflects differences resulting from both customer characteristics and exposure to high-tech banking practices. For example, a customer-Oriented service expectation is affected by the variation depending on the characteristics of the customers, culture, and the business context...
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...IRAC Brief: JP Morgan Chase Settles the London Whale This is a case study analysis of a current legal case regarding the governance principles of regulatory compliance and the methods used to manage risk arising. The briefing of this case will utilize the IRAC method of case analysis to give a breakdown on the case of JP Morgan Chase on regulatory violations and risk management. The IRAC method will address I - Issue, R - Rule, A - Analysis, and C - Conclusion which will provide a researched assessment of the trading loss violations on this case. Please read and review this analysis of the case utilizing IRAC method of case analysis. Issue JP Morgan Chase permitted traders in its London office to allocate magnified values to transactions and cover up huge losses as they continued to explode. Two traders could face criminal charges for fabricating records to cover up losses. JP Morgan’s charge to the $6 billion oversight in trading loss is the first for a main company since the Securities and Exchange Commission revised its practice of letting firms pay fines without admitting fault. An admission by JPMorgan could provide a pattern for pursuing other admissions in Wall Street cases. The Justice Department is aggressive in getting JPMorgan to admit that from 2005 to 2007, it sold mortgage securities to investors without fully warning of the risks. By wanting the bank to admit some responsibility, officials hope it will caution other corporations to double check before taking...
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