HR Strategic Planning MODULE 1 Discussion Essay Example | Topics and Well Written Essays - 250 words

HR Strategic Planning MODULE 1 Discussion - Essay Example This explains why team work is emphasized in a business organization as its various units need to collaborate together for it to function. For example, the goal of marketing is integrated into manufacturing for the factory people realize the need of customer satisfaction. Information and knowledge are also shared through the various channels in the organization to promote cohesion, knowledge and skills across organization (Kahn and Mentzer, 1998). Departments may not be well verse in other functions of the business but they are aware that their output are needed by other departments and that they are also dependent on the output of others. One of the concrete example where the various department and functions intersect with each other is through a project which is increasingly becoming common in business organizations. Projects are typically composed of people in the organization from various departments with different background and skillsets working together in order to achieve the goal of the

Wall Street Journal Executive Summary Essay Example | Topics and Well Written Essays - 750 words - 1

Wall Street Journal Executive Summary - Essay Example This lending has brought a new life to Ms. Mathews’ family business and also to her bank. â€Å"For a lot of the big regional banks, the future is a return to the past, â€Å"says Eric Wasserstrom, an analyst at Guggenheim Securities LLC. ’’It’s more like their traditional lending, more balanced† (Sterngold Web). After the recession, some businessmen and lawmakers, said banks were not playing their part in economic growth, although they received a lot of funds from the government. Banks increased their lending across the country in the second quarter of 2012.since then they have increased their lending. However, not all banks accelerated their lending. Some local banks increased their lending to businesses earlier than the national banks in past recession period. The volume of commercial and industrial loans at the major street banks is larger in dollar terms than at regional lenders, although the loans only make a small amount of their total share. For example, Bank of American Corp. made $233.6 billion in loans in 2014 which was 26.5 percent of its total and Citigroup Inc. 6.4 percent of its total. Large banks are mostly concentrating on giving the other types of loans; smaller banks put much emphasis on loaning business persons. KeyBank, for instance, increased its commercial and industrial loan by 12.3 percent in 2014, taking a lion share among its peers in 2014. Fifth Third Bancorp increased its bank loan by 4 percent last year and PNC Financial Services grew hers by 10 percent. KeyBank is established in 12 states, from Maine to Alaska. In July it announced that it had agreed to own Pacific Crest Securities, a technology focussed investment bank. The stock price for KeyCorp, the holding company which consists almost entirely of the banking operation has out competed most of its competitors. During the recession of 2008 and 2009, KeyBank just like the other banks was affected by the economic crisis. It