Answer quetions and summarizes Assignment Example | Topics and Well Written Essays - 750 words

Answer quetions and summarizes - Assignment Example The primary causes of the financial crisis are as follows: A substitute to the surge in the housing bubble was cited to be the global financial imbalances. It was clear that from the time of Bretton-Wood agreement of the year 1944, the United of America and Europe has governed the global financial market. When the Asian financial crisis developed due to lack of intervention by the global financial organizations such as the World Bank and the International Monetary Fund, they had no effective and efficient access to credit that could draw them out of the crisis. The Asian countries opted for stabilizing their currency by increasing the amount of foreign reserve they own. Through this method, they invested in the United States thus increasing the distribution of credits facilitating the mortgage crisis that happened in the United States. The glass-steagall act was one of the greatest post depression elements of administrations, investment banks, and dividing commercial banks. This act did not repeal a paramount section that delineates the functions of investment banks and commercial banks. This resulted to a series of occurrences where the commercial banks were involved in very risky investments. Analysis indicates that most of the damage within the financial crisis was facilitated by the pure investment banks but the repeal made the financial crisis more terrible. When this act was implemented, it created room for the various investment banks to create many different financial instruments. This act had two implications in the financial sector. The first was a raise in the supremacy of the Federal Reserve above the monetary marketplace and the second one was eliminating the administration obligatory interest rate maximum in deposits. There was facilitation of the surge demand for mortgages that reduced transparency in the financial sector. There was a decline in the quality of loans creating mortgages of low quality thus a closure for the commercial and

Remaining Competetive Research Paper Example | Topics and Well Written Essays - 500 words

Remaining Competetive - Research Paper Example This requires a critical evaluation of the existing factors and how firm can actually improve them to achieve its cost reduction objectives. Further, it is also critical to consider whether the firm can improve upon its efforts of innovation and become more creative in designing its basic products and delivering them through successful marketing initiatives. Effectively delivering mass customization is also another consideration. (Lihra, Buehlmann, & Beauregard, 2008) In order to remain competitive within this industry, it is important to remain innovative and creative. Since the industry thrives upon how quickly and effectively a firm can actually develop consumer friendly designs therefore are important. Firm can easily compete in this industry because it has a dedicate team of designers which deliver excellent designs. In order to make them more innovative, it is important to impart more knowledge and training to the designers. Further, the firm access to technology which can help it to reduce the cost and improve its total output level. One of the key primary factors is the fact that the firm has been considered as one of the premium suppliers of the furniture in the market. Being featured in top magazines provides it one of the strongest brand images in the market and market acceptability at the global level. Further, it is also important to note that the firm has high quality designers which can continue to provide innovative products in the market. Effective presence in local communities as well as label of premium brand is two important things which are positive factors for the firm. Though the market may be shrinking and dependent on other factors however, the firm’s own position in the market which provides it an edge over others in the market. Community involvement is also the main factor which can improve the overall corporate social responsibility image of