CITI business case study Example | Topics and Well Written Essays - 1750 words

CITI business - Case Study Example Increased competition for capital continues to force banks to innovate (Citibank, 2008). In order to differentiate its e-business products from those of its competitors, Citibank took several measures(Citibank, 2008). First, the bank developed a strategy for its corporate banking division where its target corporate clients included multinational corporations (MNCs), financial institutions, government agencies, local enterprises and SMEs. The bank understood that each of these corporate client categories had unique needs. The bank realized to need to go the extra mile to package its products to meet the unique needs of every customer (Citibank, 2008). Citibank also differentiated itself and its products from those of its competitors through an improved, comprehensive customer service. The customer service includes telephone hotlines, relationship managers who take their time to comprehend the individual customer’s needs and product advisors whose role is to advise customers on the product or products that most suits its needs. Finally, the bank continues to invest heavily in technology in order to promote both the front- and back-end electronic banking systems. Besides, the bank seeks to make itself more accessible to its customers through what is calls its unified platform. The platform uses a teamwork approach that allows the bank to work with every function in the organization of the client (Citibank, 2008). Grow its global reach: As at the time of developing this strategy in 2008, Citibank had operations in 100 countries of the world and employed over 268,000 people. This global presence, the bank believes, puts it in a strong position to meet the global needs of its customers. This being the case, the bank should continue its global expansion drive. Strengthen its brand: The bank believes that it has built a strong brand

Compensation Plan Outline Essay Example | Topics and Well Written Essays - 1500 words

Compensation Plan Outline - Essay Example In addition to providing its employees with competitive salaries, the company undertakes regular review of the pay thus ensuring that the workers are equally compensated for their hard work. To ensure that the company gives competitive salaries, it benchmarks the pay against similar positions in the competing companies. Another aspect that makes PepsiCo compensation policy appropriate is the annual incentive compensation. By providing performance-related annual incentive compensation to the executives, their performance is enhanced thus increasing the profitability of the company. The 2004 EIC Plan is a policy that is adopted by PepsiCo in its executive compensation. During the compensation, the company considers financial position of the company, the company strategic position and the extent to which the managers motivate and manage other employees. Additionally, the company uses pre-approved earnings per share target to compensate its executives. Pepsi compensation philosophy entai ls long-term incentive compensation. According to the management team, the interest of company shareholders and those of the executive can be effectively aligned by providing stock-based incentives as well as stock ownership awards (Heneman, 2002).   . With a history of linking stock-performance to the employees pay, PepsiCo has benefited from effective compensation policy that is fair. In the same way, the company offers target grant to the executives once they meet their goals. Based on the stiff compensation in the soft drink industry.... Another aspect that makes PepsiCo compensation policy appropriate is the annual incentive compensation. By providing performance-related annual incentive compensation to the executives, their performance is enhanced thus increasing the profitability of the company. The 2004 EIC Plan is a policy that is adopted by PepsiCo in its executive compensation. During the compensation, the company considers financial position of the company, the company strategic position and the extent to which the managers motivate and manage other employees. Additionally, the company uses pre-approved earnings per share target to compensate its executives. Pepsi compensation philosophy entails long-term incentive compensation. According to the management team, the interest of company shareholders and those of the executive can be effectively aligned by providing stock-based incentives as well as stock ownership awards (Heneman, 2002). . With a history of linking stock-performance to the employees pay, Pepsi Co has benefited from effective compensation policy that is fair. In the same way, the company offers target grant to the executives once they meet their goals. Based on the stiff compensation in the soft drink industry, offering a target grant to the executives is an essential policy since it result to the attainment of the corporate goals. In this way, the company is able to effectively compete with Coca-Cola Company despite the latter being a market leader. To ensure that all the employees are motivated, it is imperative for employers to come up with appropriate beneficial ratio in their compensation system. Internally, Pepsi should ensure that employees in all the department earns three quarter of what the departmental mangers are earning. Through the ratio of 3:4,