Marketing Environment of the Financial Services Industry Essay

Marketing Environment of the Financial Services Industry - Essay Example Modification of this law recognizes the comparative development of the DIFC and strengthens its autonomy from onshore legislators. These legislative alterations with regard to DIFC examine what can be anticipated in terms of future regulations inside UAE financial services segment. This will significantly aid in encouraging business in the area. The significant bodies of the DFIC are maintained which have distinct pecuniary units with independent budget lines. The new amendment also clarifies the governance and executive structures of the three significant bodies. The new duties are to instigate, standardize and develop an independent payment structure in connection with the UAE fundamental Bank to advance massive wholesale disbursement, including multi-nation, and currency clearance deals. It clears the capability to clear and mend payments and to implement a structure accordingly (Campbell, p. 1). Current havoc in financial markets with regard to the sub-prime financial catastrophe calls for the integration of chattel liquidity into contemporary risk management components. The definitive target is to execute advanced financial modelling elements and sound regulations for the monetary, service industry in the UAE. The Amended Law indicates further advancement of the DIFC and Dubai as a retreat of tranquillity, order and superb governance. The DIFC society and stakeholders promote this amendment since it aims at enhancing the legislative obligation to subsidize DIFC’s contribution to global financial services sector as might be necessary to sustain effectiveness, transparency and veracity. 2 Global Financial Services Industry Leverages on enhanced De-risking Strategies The comprehensive international outlook aims at changing the financial services sector. Rapid recovery has been recorded in varied sections such as banking and coverage from the present economic meltdown. This is expected to guide the international monetary services in the short or medium terms. Transaction safety, operational effectiveness, regulatory conformity, business stability planning, re-engineering, client service and business peril management will probably advance market development in the approaching years. The financial services segment is significant consumer of varied business services and items. It is an economic authority that drives other enterprises undertakings, setting principles as it provides the monies required to advance these enterprises. It is the spotlight of other sections of the market. It is a sector significantly susceptible to market alterations. The initiation of niche players enhances the sector, although, there have been declines in the number of financial affiliations. The emergence of non-financial institutions into this sector is significantly altering the sector. Escalating competition and flooded markets has forced massive actors in the global banking sector to explore upcoming markets. These changes in the financial segment wi ll significantly increase profits, improve clients’ confidence and advance the entire business progress (GIA, p.1). Consolidation has been extremely significant in the financial services segment in present years. These structural alterations in the sector have produced the liberal strategic turbulence that has challenged senior administration

Innovative Organisations Essay Example | Topics and Well Written Essays - 2000 words - 10

Innovative Organisations - Essay Example The focus of the writer’s study is on the Apple’s innovative product - iPod which is a current bestseller and in high demand. This product is having the features of downloading favourite music, books and other literatures which can be read and listened too. This iPod can be used in cars and other mobile settings. This report will be able to explain the innovation process and strategies used for the success of iPod product. Through this work the writer would like to put across the factors that help an organisation become innovative and iconic. To withstand in the platform of performance, companies need to be innovative in their activities. So, innovation is getting importance in this highly competitive scenario. In 1960s and 1970s innovation meant a new idea, concept, product or process-invention and in the 1980s it changed in terms of creating something new and bringing it into use. Later in 1990s, innovation was defined as creating something new, bringing it into use and getting a profit from it. Innovation is given huge importance in organisation because keeping pace with innovation is equal to a key to prepare for the future. It will lead to future survival and success of the organisation and it can make competitive advantage out of it. That is why it is seen that organisations are spending huge amount of money for R &D activities. Through this research work, the writer would like to do a study on the innovative process in an organisation and analyse how innovative that organisation is, in the area of performance. For the purpose of this study, the selected Company is Apple Inc., an innovative organization and the writer would concentrate her work on the innovative product iPod. The writer has selected this company because it ranked first in FT500 list of most innovative companies in the world. Apple iPod is the most successful product of Apple