Marketing Financial Services Case Study Example | Topics and Well Written Essays - 1250 words

Marketing Financial Services - Case Study Example Marketing is defined as â€Å"managing profitable customer relationships â€Å" (Kotler Armstrong 28). Marketing is a way of approaching business, not simply a function that deals with sales and promotional material. Most industry sectors adopted a marketing mindset in the middle of the last century, but for financial services, it was not until government regulations were relaxed that banks found they needed to use marketing to win new customers and retain existing ones. The market in financial services is dominated by several large organisations, some specialising in specific financial products, such as pensions and life assurance, while others provide a full range of products, being a â€Å"one-stop shop† for a customer’s financial needs. Financial services are broadly divided into retail and commercial activities. The retail area is further divided into personal and business, with products in each specifically for those customers. Many of the commercial activities are not marketed heavily as they are extremely specialised. They would fall within business-to-business marketing, as would marketing activities directed at business customers within the retail area. Banking is an unusual activity in that it requires customers to deposit the raw material required to do business – money. What the banks do is limited by how much they hold on behalf of customers (savings and credit balances), compared with the amount they make available to other customers (through lending) and the relative risk associated with the funds held. Legislation also requires that banks maintain a specific ratio of capital assets available at all times. Financial institutions have to manage risk associated with default – overdrafts or loans not being repaid. This is usually reflected in the price of the produce – the â€Å"margin† or interest rate charged. The higher the risk, the higher the rate charged. In some cases, banks will not permit overdrafts or provide

Criminal Justice Management and Administration Research Paper

Criminal Justice Management and Administration - Research Paper Example The intention of this study is criminal justice management as the supervision and oversight of the system that is mandated to serve justice to criminal cases. The criminal justice system includes line officers, court officials, investigation officers, parole officials, investigators and administrators. In the administration, the criminal justice system is also designed in unique managerial positions. These positions range from a police chiefs to national intelligence bodies. It is structured in such a manner that information flow is facilitated to move freely and with a definite course of action. Through the flow various decisions are made at respective levels to facilitate a quick serving of justice and the avoidance of justice delayed-justice denied situation. This study is going to focus on the historical and theoretical development of ethical organizational management in the system, a summary of the most common functions and positions in various criminal justice organizations and then an assessment of the strengths and weaknesses in different methods of organizing criminal justice organizations. Management as whole is both diverse and multi-faceted. This is so because its principles apply from the corporate world to government is to the states criminal management justice system. Over the years, there has been a wide array of developments that have shaped the ethical management of the criminal justice system. This includes changes of approaches, perceptions and laws that the top brass have employed in making the criminal justice system one of the best in the country agrees. ... us on the historical and theoretical development of ethical organizational management in the system, a summary of the most common functions and positions in various criminal justice organizations and then an assessment of the strengths and weaknesses in different methods of organizing criminal justice organizations. Historical and Theoretical Development of Ethical Organizational Management Management as whole is both diverse and multi-faceted. This is so because its principles apply from the corporate world to government is to the states criminal management justice system. Over the years, there has been a wide array of developments that have shaped the ethical management of the criminal justice system. This includes changes of approaches, perceptions and laws that the top brass have employed in making the criminal justice system one of the best in the country as Lawrence, (1993) agrees. There have also been historical and theoretical developments in the ethics in the organizationâ⠂¬â„¢s management system which this section is going to focus on. Basically, the ethics in organization is the moral approach to the practices and conduct of all the people involved in that kind of business. This also is relevant in the criminal justice system where despite the levels of sensitivity and rawness that are applied in this field on a day to day basis, ethics are given a priority. The leadership and management of this system according to Lawrence,(1993) have a responsibility of making sure that the principles and conducts of this field are correctly observed by all that are involved in various ranks. Transparency and accountability are stresses in the ethical aspect of management. The leaders or people who handle crime are obligated to share information and provide excellent approach