Problem Solution: USA World Bank
United World Bank (UWB) has experienced success in numerous worldwide ventures but is in need of developing profitable new products to expand market share. Some form of descriptive statistics is needed in order for them to be successful in organizing, summarizing accurately and presenting correct data to the board members. This paper will outline how UWB can use research and statistical concepts to help frame the right problem, define end state goals, identity alternatives and potential risks, and make the best business decision by implementing appropriate solutions. The first step to accomplishing this task is to understand the situation at UWB. Descriptive statistics are “methods of organizing, summarizing and presenting data in an informative way” (Lind, Marchal & Wathen, 2004). Descriptive statistics are sometimes considered the basic static because they tend to be used by managers to view the very obvious data before them and lay a foundation for decisions making.
Situation Analysis
Issue and Opportunity Identification
One major issue UWB is facing is the method used to select a research firm to conduct an analysis for UWB. It is known that Mary is not always thorough in her assessment of the research from firms that she hires. This might pose a huge problem down the road since many decisions are based on research results and reports. Mary did not analyze the results and just took Best Market Research’s word for it. Good research generates dependable data, being derived by practices that are conducted professionally and that can be used reliably for managerial decision-making (Cooper & Schindler, 2003, ch. 1). USA World Bank reflects a poor research plan because the plan was carelessly pla...
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...tion of Results
The results will be evaluated and measured using a weighted system by using a scale of one to five to identify the results. The goals of UWB are to acquire the approval of the board members for their potential product, launch at least one product in the next three months, increase profitability by 40 percent over the next two years, increase customer base by 15 percent over the next two years, and launch a team that will be responsible for product research and development by the end of the current year.
Conclusion
By UWB framing the right problem, benchmarking other companies, creating a product research and development team, and developing possible alternatives, success will be achieved. UWB will be able to solve its current issues by hiring an in-house statistician that will help conduct accurate research to pick the best product for the company.
A final observation from the case is that the postmortem discussion in which the CFO asked for the metrics that would determine success for future projects should have been discussed before the TUFS project began. A careful identification of pain points and deficiencies up front may even reveal quick and easy solutions that can be applied to existing systems. Even when quick solutions aren’t possible, this is a key step in establishing measurements for the execution of the IT project that will follow. Measurements must be able to quantify losses and gains.
New economic institutions such as the World Bank, sought to spread the principles and practices associated with free market economies throughout the world by creating programs and lending money to countries, which allowed the people of that country to practice free market economic principles. The World Bank was originally created to help rebuild Europe from the vast destruction caused by World War Two. During the post WWII period the World Bank lent money to many European countries which has greatly helped them recover from their losses from WWII. For example the World Bank lent $250 million to France in 1947. That loan helped France rebuild its economy by creating jobs and infrastructure which later helped push the countries stagnant economy into the stronger free market economy of today.
Initially with the team collaborating on the 4 components of the SWOT analysis. Our team strategy is to emphasize our strength of the broad cost leader. We are pushing for full automation and low costs for our products. Although we have launched a new high tech product, which will be released in 2018, our primary focus is to dominate the low-tech segment. Thus far, our strengths are market share, revenue, and automation. We will continue to improve by lowering costs, increasing market share, automation, and capacity in those segments and measure our success based upon maintaining our dominance in market share and
The World Bank and the International Monetary Fund are two organizations that are used interchangeably, but are function very differently from one another. Both the World Bank and the International Monetary Fund were created during the post-World War II era to help stabilize the international economy. The IMF focuses mainly on international affairs and finance of the whole world, where the World Bank directs its attention toward developing countries. The United States and The People’s Republic of China are two of major members of both the IMF and the World Bank, which contribute their efforts on expanding and solidifying the economies of the other member nations.
World Bank 2006, Social Accountability: What Does It Mean for the World Bank? Chapter 2 http://www.worldbank.org/socialaccountability_sourcebook/PrintVersions/Conceptual%2006.22.07.pdf (viewed .10/4/2014)
National Bank of Bahrain (NBB) was established in 1957 as the first locally owned bank in the Kingdom of Bahrain; it has grown steadily and became the kingdom’s provider of both commercial and retail banking services. Standard Charted Bank is an international banking group which was formed in 1989 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China. and currently it is operating in the globally most dynamic markets. SWOT analysis will be applied on both bank upon requested in Question 1 to compare and contrast between the strategies and performance of NBB and SCB. And Strategy is defined as “the determination of the basic long-term goals and objectives of an enterprise and the adoption of courses of action and the allocation of resources necessary for those goals” (Chandler, 1962).
Target- the company can determine if the targets are realized. Positive and or negative performance should be analyzed
To avoid obsolescence and promote innovation, a company must be aware of technological changes that might have industry influence (Pearce, 2005). Creative technological adaptations can suggest possibilities for new products, for improvements in existing products, or in manufacturing and marketing techniques (Pearce, 2005). A long-term objective that Wabtec must address is in this area is product innovation. The company needs to introduce distinctive and innovative new products in 2007 and beyond to support emerging consumer trends. Wabtec faces competition in product innovation from Lockheed Martin, their largest competitor and this can have an effect on the organization in the years to come. Finding the right balance between research and development along with a low cost and price strategy will require careful planning.
The tactical plan of United Nations Children’s Fund (UNICEF) management must describe how the organizations goals will be met and by when. It must also entail plans to help assure ethical business practices throughout UNICEF. The success of these goals will depend on the quality of there programs, information, communication, advocacy and the excellence of their internal management and operations. UNICEF management must hold them selves accountable to do all that they can for the success of their goals by planning, monitoring, evaluating, and reporting to achieve the results in the five major areas to change the world to serve the best interest of the child.
In this process, it was important for me to establish the sense of urgency as well as the vision of the project. I accomplished this by meeting and working with the stakeholders, securing their consensus and working with the technical team to develop technical...
This paper explores the global decision-making processes of global managers. The first element examined is the multiple intelligence that global managers need to be able to address the issues associated with global decisions. These eight IQs are considered critical elements in the decision-making capabilities of global managers. Following this discussion, the composition of global groups and their impact on the decision-making process is explored to determine how the composition of the group inhibits/supports the global manager. The next step in the decision-making process discussed in the paper is that of the nature of the task(s). The type of task can have a direct impact on the effectiveness as well as the efficiency of global manager 's decision-making. The crux of the issue is that a global orientation to decision-making is poised as being significantly different from decision processes use by managers in a multinational
The role of World Bank in the international political economy and its impact on the poverty.
18. Rugman, Alan M. and Collinson, Simon. International Business 4th Edition. Essex : Pearson Education Limited, 2006.
♦The performance results that will be needed (and what will be necessary to achieve them)
Fifty-one countries established the United Nations also known as the UN on October 24, 1945 with the intentions of preserving peace through international cooperation and collective security. Over the years the UN has grown in numbers to include 185 countries, thus making the organization and its family of agencies the largest in an effort to promote world stability. Since 1954 the UN and its organizations have received the Nobel Peace Prize on 5 separate occasions. The first in 1954 awarded to the Office of the United Nations High Commissioner for Refugees, Geneva, for its assistance to refugees, and finally in 1988 to the United Nations Peace-keeping Forces, for its peace-keeping operations. As you can see, the United Nations efforts have not gone without notice.