JPMorgan Chase Essay Example | Topics and Well Written Essays - 1250 words - 1

JPMorgan Chase - Essay Example However, losses also occur due to internal frauds and corruptions which lead to comparatively severe consequences. Due to this banking activities are administered by the security agencies like Security and Exchange Commission (SEC) and Commodities Futures Training Commission (CFTC). The prime responsibility of these security agencies is to look after the financial dealings within the banking sector and to investigate the losses and fraudulent activities. The summer of 2012 brought a very distinctive case forward in the history of financial gambling as a leading bank of United States of America was found to have a loss of $5.8 billion. The company officials reported that the loss occurred due to the poor investment decision made by the management with respect to trading. Later on this statement given to the CFTC inspectors was found to be false and the overall inspection showed some counter results. The bank officials working on trading investment left the bank soon after this event w hich raised a lot of questions to the investigating officers (Farrell, 2012). Role of SEC and CFTC in preventing high risk gambles When a bank or any other financial institution faces a loss due to gambling then the overall economy of the country has to bear its consequences since these two economic sectors act as the most significant structural blocks for any nation. In relation to this the role of SEC and CFTC also becomes substantial as they are the key forces behind the prevention of such activities. Their prime concern is to ensure that maximum protection is extended to the investors, rules are fairly followed by the banks, financial market is operating efficiently and lastly there is enough capital available to the banks and other financial institutions to carry on their activities (Schapiro, 2012). Among these the duty of protecting the investors safeguards high risk gambles. In addition to this, these agencies implement laws regarding the fraudulent activities reported by th e financial institutions. For instance, in the case of JP Morgan Chase the CFTC investigated the overall scenario and found that initial reporting made to the agency was falsified and that the real reasons behind the massive loss were in kept hidden by the Chief Investment Office (CIO). CFTC was responsible to look after trading and financial derivatives while on the other hand SEC supervised the bank’s financial disclosures from the stockholders so as to investigate the details of such a massive loss (Gary Shorter, 2012). Valid Contract Contracts are not just general agreements between two parties rather they are the legally supported documents which can be challenged in the court. The contracts are made to give legal assistance to an agreement so that in future if either of the parties commits an illegal activity then the other one can save itself from potential losses. Due to the legalities attached to contracts there are certain essential elements of a Valid Contract whic h makes it fully acceptable in courts and in legal institutions. Following are the essential elements of a Valid Contract (Elements of a Contract, 2013): Offer and Acceptance: First of all an offer is made by one of the parties which can be accepted or rejected by the second party. If the offer is accepted by the other party then the procedure moves on. The acceptance of the offer reflects the agreement of the other party regarding all the stated rules and regulations. Intention to build successful legal relations: A valid

International Marketing Mix Essay Example | Topics and Well Written Essays - 2000 words

International Marketing Mix - Essay Example In case of the consumer base enjoyed by the company, there is a sharp segmentation in terms of the target group. The basic target group of the company includes people in the upper income group starting from the age of 30 and above. Further, the people who have retired and are in the age group of 50 and above, serve as a major source of profitability. Another important source of income for the product is the Internet. Therefore, the important element in the application of the entry point strategy for Tutbury’s is to recognise the age and income groups that predominantly define the demographics in India, before going on to carry out segmentation and reach suitability in terms of the marketing mix. In this case, the entry point strategy may be used as a preliminary process that will help develop the marketing mix. This entry point strategy has been defined throughout the paper in the various elements of the marketing mix so as to find a suitable base for segmentation and subseque nt brand positioning.Entry Point StrategyIn terms of the suitable model to be used for the development of a relevant marketing plan and strategy, we have made use of the International Market Entry Mode Strategy for this company. This strategy is ideal for those companies that wish to diversify geographically. (Walter et al, 1988) This strategy along with others that have to do with market segmentation and brand positioning for maximum customer satisfaction will be used in order to evolve a strategy that is best suited for the purpose.... This is the reason for choosing India as the country where a suitable marketing mix for a brand like Tutbury's will be suggested. Also, in this regard, the paper will carry out a discussion of Tutubury's current marketing and segmentation strategy in order to arrive on the aspects where the entry mode strategy can be introduced and defined to suit the consumer preference in India. About Tutbury's: Born and marketed during the 1920s to the 1960s, Tutbury's was named Thomas, Webb and Corbett to start with until it was known by its present name in 1984, owing to the spot of it factory which was in a 15th century village named Tutbury. 2006 saw a strategic move on Tutbury's part where its factory chose to be based at Stroke - on - Trent, instead of Tutbury's. The branding of Tutubry's has been largely based on norms that revolve around exclusivity and a certain amount of mystery with the nitty gritties of the company. The basic finding that this paper will work on is that Tutbury's has c apitalised on the lifestyles of a certain section of people so as to form a brand identity of its won. As far as the actual product is concerned, it is imperative to identify where its unique features lie. In this regard, Tutbury's is a product that works on the highest quality of glass which is produced primarily from a high standard of full lead crystal. This crystal has a crystal element that can be estimated at over 30%. In case of the consumer base enjoyed by the company, there is a sharp segmentation in terms of the target group. The basic target group of the company includes people in the upper income group starting from the age of 30 and above. Further, the people who have retired and are in the age group of 50 and above, serve as a major source of