Strategic Planning Barron’s Online is a reliable source of business news, company reviews and investment information. On their website I found an article covering Fiserv, a financial services information technology company that looks promising amidst the current difficult banking situation (Barron’s Online, 2008). Fiserv has managed to remain competitive and expand its business activity while banking in general, and specifically the lending branch, is currently taking a significant hit. “Client service is part of our genetic makeup” says the company slogan as they introduce the Fiserv 2.0, the restructuring and movement to improve the company and expand in new avenues of information technology support services (Bills, 2007). …show more content…
What started as two separate companies in Tampa and Milwaukee, developed into the company that provides data and system services to 34% of the market (Willoughby, 2008). One of the most notable acquisitions was purchase of competitor CheckFree, the leader in electronic bill payment services, for $4.4billion last year. Fiserv competes in the information technology service sector with domestic and international companies like Fidelity National Information Services, Metavante Holdings and Jack Henry & …show more content…
Regardless of the market condition, economy or the landing practices, individuals and businesses will open checking and savings accounts and use electronic deposits or checks to pay invoices, bills and other expenses. Small businesses also need to manage their transactions, payroll data and employ health benefits. With the tendency to adopt ecologically friendly practices, electronic payments and online transactions become increasingly more popular. In addition, Fiserv has expanded into the healthcare market by acquiring Texas’ Benefit Planners offering its core data services in managing health benefits and health services. Such expansion opens a whole new business ground for Fiserv, as healthcare data management provides a market not explored before and as such it offers tremendous amounts of business
Background Information In implementing a strategic plan for Coastal Medical Center, our consulting team has conducted many analyses and formed numerous strategies in order for Coastal Medical Center to be successful. Such assessments include an internal analysis, external analysis, gap analysis, and SWOT analysis. In conducting these analyses, our consulting team was able to better understand the internal environment, external environment, where the organization currently stands in terms of performance, and the major strengths, weaknesses, opportunities and threats that oppose the Coastal Medical Center. From our inquiry, we will be able to establish a strategic plan that best fits the organization’s needs.
After analyzing the Coastal Medical Center, it is apparent that the employees and staff have no conception of the mission, vision, and values of this health care facility. In addition to this lack of structure, CMC has many projects in the midst of production that lack support of a common goal, employees are unsatisfied with their jobs, the two boards lack ability to agree on strategic decisions for the organization,, and the medical center has a dismal reputation when it comes to quality care.
Lafemina, L. (1995). Visionary companies are us. LI Business News, V2 n4 p 24. Long Island Commercial Review Inc.
Lockheed Martin is an organization that heavily relies on its defense contracts in order to generate revenue. In 2005, 95% of Lockheed Martin’s revenue came from the US Department of Defense, other US Federal government agencies and foreign military customers (Defense News, 2007). Lockheed Martin earns this revenue by winning government contracts. As previously noted, Lockheed Martin has a large customer base with the US Department of Defense. The company is the largest provider of IT services, systems integration, and training to the government (Lockheed Martin, 2008). Other customers that provide revenue for Lockheed Martin are international governments and some commercial sales of products and services (Lockheed Martin, 2008).
Silicon Valley Bancshares is helping to fund the high-tech revolution. The Santa Clara, California firmly established parent of Silicon Valley Bank, which essentially serves companies in the high-tech and entertainment industries. This bank provides lines of credit, cash management, factoring, and foreign exchange services through 17 offices throughout California and other high growth areas. The bank specializes in offering startup scratch (in the form of short-term loans, and lines of credit) to nascent Net nabobs waiting for their venture capital to come through. In exchange, startup clients are counted upon to deposit venture funds in Silicon Valley Bank accounts. As a part of its lending, the bank also pursues warrants to buy equity stakes in its clients. Silicon Valley Bancshares' key competitors are Bank One, Bank of America, Bank of West Comerica, FleetBoston, Imperial Bancorp, Mitsubishi Trust and Banking U.S., Bancorp, and Wells Fargo. These are some of Silicon Valley Bancshares targeted industries; communications, online services, computers, emerging technologies, life sciences, semiconductors, software, venture capital, entertainment, premium wineries, and real estate.
One of the highest loyalty scores in the industry, with a redemption rate under the industry average; and
They have a strong core transaction processing infrastructure for meeting operational needs of a company this size.
• One of the first to offer “no haggle” pricing policy along with their inspection guarantee adding value for the consumer.
Servus has the mission, vision and values that we believe are the most sophisticated and achieve the greatest result in terms of how they are positioning their company. They are playing to their strengths, weaknesses, opportunities and threats. Servus recognizes its greatest weakness of being exclusive to Alberta so angles all marketing towards people loyal to their communities with little desire to move out of province as they would be required to leave Servus. With this in mind they implemented the dividends benefit for all members. Similar to the appeal of cash back credit cards once a year each member of Servus gets dividend paid back depending on how many different products and services they utilize. This services include everyday banking
The company has a very good information systems support in being able to make strategic and routine decisions. They research and look into every available option prior to committing to purchasing or contracting with the companies in making sure that they are able to make the best quality product at the lowest costs.
1st largest French company and 5th in the banking industry worldwide, 1st bank in the Euro Zone
New businesses will take longer to thrive with the United States falling economy. The faltering job market and the deepening slump in housing threaten to hurt consumer spending. Consumers are becoming more conscious of their spending and therefore using cash to pay for smaller necessary purchases. The cost of entertainment and other presumed luxuries may be pushed to the background by most families, when having to choose whether to pay for a bill or treat the family out. Thriving businesses will understand the need to provide a service or product at affordable prices.
Muller, J., Welch, D., & Greene, J. (2000, September 18). Businessweek - Business News, Stock Market & Financial Advice. Businessweek - Business News, Stock Market & Financial Advice. Retrieved April 17, 2011, from http://www.businessweek.com
Companies.” Wall Street Journal, Eastern edition ed.: 1. Nov 26 1999. ProQuest. Web. 19 Apr. 2014.
Siemens is being financed by Siemens Financial Services in the United States which focuses on the 4 main market segments of Siemens and their growth.