Tthe First Bank of the United States Essay Example | Topics and Well Written Essays - 2000 words

Tthe First Bank of the United States - Essay Example They needed to shore up their own fiscal policy and standardize a currency that could be adopted nationwide and begin to get the country off on the right financial footing. The First Bank of the United States was an effort to do this, and its charger came into effecting 1791. While certainly far from perfect, nor even ideal in the eyes of many, it was a solid first effort by the founding fathers of the nation to set the country on the right path to financial security and freedom, in addition to their newfound global independence. They also wanted to show the world that the nation was capable of not only paying back its debt, but also in handling its own internal needs moving forward. This was seen as a necessary first step towards establishing domination throughout the region and keeping potential invaders from arriving on the shores of the young country. To understand this First Bank, one needs to discuss the background of Hamilton’s Plan, the economic policy associated with the Bank, and its eventual implementation. While the First Bank of the United States was all about creating fiscal policy for the new country, it is still important to remember that it was also an actual physical building. The bank itself was built in Philadelphia, which at that time of the capital of the country. Alexander Hamilton was the brainchild behind the concept of the bank, and his desire was to implement a mechanism by which the United States, and each individual state within the union, could begin to tack its monumental debt as a result of the Revolutionary War. Prior to the creation of the bank and the implementation of its charter, coins and paper currency were actually issued by state banks, and these individual currencies combined to form the national currency. For obvious reasons, if the Union was going to succeed, they had to nationalize its monetary

Around the World Essay Example | Topics and Well Written Essays - 1000 words

Around the World - Essay Example Channel Access: Access of the alliance company to the various channels required for the business. Local Laws: Local laws with respect to formation of alliances need to be considered. Competency and Value of the Alliance Company: Competency of the alliance company and the value that it adds to the alliance is key to a successful alliance. The alliance must take the form of an international joint venture. International joint venture is an economically and legally separate organizational entity that has been created by 2 or more parent organizations with the objective to achieve strategic objectives. Parent companies invest both financial and other resources at disposal into the alliance (Schuler et al., 2004). A joint venture alliance has various advantages and is best suited in the current case. The major challenges for Around the World in establishing an international joint venture is shareholdings, human resource management, skills sharing and knowledge transfers. These challenges c an be overcome by effective and early planning. Share holdings and control structures of the partners need to be established and agreed upon before the alliance materializes. There are various ways to effectively manage the HR issues and, the knowledge and skill management issues. A four stage model of formation, development, implementation and advancement can be used to effectively to handle the challenges (Schuler & Tarique, 2004). Case Study 2 Following are the discussion points for the three questions at the end of the case study: 1. Aditya Birla Group adopted a growth strategy that made great business sense. The group exited from any business that did not offer them greater presence in the global market or the business which had registered losses. The group diversified and adopted businesses whose operations gave the group global presence and lead to acquiring of competencies in the market. The company built a business portfolio which is not limited to a single industry. The po rtfolio demonstrates the group’s ability to run different businesses efficiently and also has contributed to various revenue generating sources which has made the group immune to economic downturn in certain market or industries. 2. Various initiatives were taken by the group under the leadership of Kumar Mangalam Birla which has contributed to the group’s success. Gyanodaya was a great initiative which helped in the transfer of best practices. Appointment of new managers gave rise to a new dimension in the group’s leadership. Continuous learning and developing of human resources was one of main motive behind many of the initiatives. 3. Aditya Birla Group has addressed its second part of the mission – â€Å"Indian Values† by actively involving and contributing to the development of the country. It is presently working in 3700 villages. It is concentrating on health care, sustainable livelihood, infrastructure, education, social causes, etc through its Aditya Birla Centre for Community Initiatives and Rural Development. It is running around 18 hospitals and 14 schools. Case Study 3 In order for Aston Restaurant to extend their business to China, they have to consider various factors and the two important factors are the market and the localization. Market No two markets are same and there are numerous differences that have to be looked into. The following various issues/factors have to be addressed or considered for Aston to successfully expand to China: Language: Language is a primary barrier here and Aston has to ensure that language i.e., communication must not hinder the business. Chinese is the primary language used in China. Customs and Practices: The customs and practices in China are different from those in other countries. In