5715067945 Essays - Economy, Finance, Financial Services

5715067945Chapter OneIntroduction 0Chapter OneIntroduction 1.1 Introduction:Bangladesh is one of the largest Muslim countries in the world. The people of this country are deeply committed to Islamic way of life as enshrined in the Holy Qur'an and the Sunnah. Naturally, it remains a deep city in their heart to fashion and design their economic lives in accordance with the precepts of Islam. The establishment ofIslamibank Bangladesh limited on March 13, 1983, is the true reflection of this inner urge of its people, which started functioning with effect from march 30, 1983.This bank is the first of its kind in southeast Asia. It is committed to conduct all banking and investment activities on the basis of interest free profit- loss sharing system. In doing so, it has unveiled a new horizon and ushered in a new silver lining of hope towards materializing a long cherished dream of people of Bangladesh for doing their banking transactions in line with what is prescribed by Islam. With the active co-operation and participation of Islamic developmen t bank (IDB) and some other Islamic banks, financial institutions, government bodies and eminent personalities of Middle East and the gulf counties, Islamic bank Bangladesh limited has by now earned the unique position of a leading private commercial bank in Bangladesh.As the competition of the business world become more and more severe, businessman had no alternative banking premises and many of them were getting involved in the traditional banking. But the tradition banking is based on interest, which is fully prohibited in Islam. To overcome this problem, Muslim scholars, philosophers, economistsetc, were thinking to establish a newinterest free banking structure right from the 1940s. At last they succeeded to formulate an appropriate Islamic Banking structure. Islamic bank does not give more importance only on earning profit but also try to ensure social welfare in term of its activities.This report has shown that theIslamiBank Bangladesh Limited is pioneer in introducingshari'a hbased interest free banking in Bangladesh with a mission to establish welfare oriented banking system and to ensure equity and justice in the field of all economic activities. This report mostly focuses on foreign exchange activities of IBBL. 1.2 Background of Study:After the completion of theoretical courses of Bachelor of Business Administration (BBA), each student is required to do internship in different organizations to have some practical knowledge and experience of the job exposure and to be familiar with the official environment thereof.Thereport wasprepared based on an internship program. This is a requirement of the internship programarranged by Department of Finance, Faculty of Business,Northern University Bangladesh. Each intern must carry out a specific report, which was assigned by the supervisor approved by the department of finance, faculty of Business Studies,Northern University Bangladesh.As I hadbeen selected for theIslamiBank Bangladesh Limited by the Bank Ista rted my realistic orientation program in New Market branch of IBBL. 1.3 Objective of the Study:The internship onIslamiBank Bangladesh Limited. Study on New Market Branch has prepared to fulfill the particular requirement of the internship program as 3 credit of the BBA program of the university and to explore Islamicshariahaspects and financing modes regarding Foreign exchange activities. The Main Objectives:The first objective of thereportfulfilling the partial requirements of the BBA program. Theprimary objective of this reportisto measure the Foreign Exchange activities of IBBL in New Market Branch.The specific objectives can be stated as under:To know LC.To understanding the procedure of opening LC.To know the Foreign Exchange Activities.To know the exchange rate.How to fix the exchange rate?To know different currency.To know the procedure of Import and Export.To know the importance of LC.To know the exchange rate risk.To know the overall activities of Foreign Exchange Division of IBBL. 1.4 Significance of the Study:The programhelpedme to understand the organization norms, corporate culture, investment decision and customer satisfaction of an organization. The topicwasveryquietinteresting this will encourage me to put my effort to analyze

Applied Buyer Behaviour in Global Context Essay

Applied Buyer Behaviour in Global Context - Essay Example This research will begin with the statement that the ‘Keep Walking’ advertisement by Johnnie Walker uses dual and complex image branding to create purposes for the product.   Elements of tradition and heritage form the pictorial basis of the development. First, the golden striding man within the video is a critical sign used in the branding of products from the Johnnie Walker brand line. The main character is male and is inferred from subsequent codes through the style of clothing and tall hat alongside the stick. The elements define dressing styles from the British heritage of the 19th century and signify tradition and high social statuses. The man is presented as walking through presumably confident and the fast pace is a symbol of impacting confidence in the unpredictable future. Further, the text running on the screen is a signifier of elegance, tradition, and success as the golden color refers to wealth. The white and clear font comprising of the taglines illustra tes the contemporariness and future for which there are reservations of subtlety and tradition. Black background within the video accompanies the text signifies the uncertainty and has an arguable opposition to the courage that is inspired by a striding man. While signs have several fixed and essential meanings, the video narrows down to the context of possible interpretations. There are specific levels where the commercial depicts differences in terms of interpretation.

Tesco Essay Example | Topics and Well Written Essays - 1000 words

Tesco - Essay Example This move will deal with the bargaining power of clients so that clientele retention is attained in the supermarket sector. On the other hand, the supermarket should look into the switching cost to ensure that it is as low as possible. This may be accomplished through loyalty card or otherwise smartcards (Zentes, Morschett & Schramm-Klein, 2007, p. 85). In this case, loyal customers will earn discount points whenever they shop in the Tesco supermarket and in that case strive to shop more. The supermarket hence, should introduce more incentives to consumers. Similarly, motivation for customers can be achieved through the involvement of an upcoming sport which serves not only as a promotional strategy but also as a social responsibility. Every initial purchase in the food products should go hand in hand with discount vouchers to retain clients. On the other hand, the supermarket should consider bargaining power of competitors. It should be noted that the supermarket sector has grown si gnificantly and therefore dominance goes with large players in the business sector. For this reason, the supermarket sector of Tesco has to move into greater store and increase retailer concentration. This has to use a wide range of formats to gain the required dominance in the market scale. Since the purchasing power in the food industry today is concentrated on small numbers of retail buyers, the corporation should operate in a mature market. This implies that the supermarket should move into gathering important data on client preferences so that they can handle the increasing sophistication among consumers (Zentes, Morschett & Schramm-Klein, 2007, p. 94). Branding and reputation is as well an imperative idea to be embraced by the company. In such a case, Tesco supermarket should strengthen its brand through quality services to consumers. Branding has to maintain quality throughout their packaging activities. This will reduce competition as well as confusion among buyers (Zentes, Morschett & Schramm-Klein, 2007, p. 99). Similarly, there should be product and service re-engineering to enable better management of the food product lifecycle and efficiency in delivery. Based on this activity, the sector should focus on enhancing core ranges as well as introduction of quality products to clients. It is also recommended that the sector integrates IT in its operations. This follows the fact that contemporary business operations are in an increasingly dynamic and complicated environment. Innovation in the supermarket will be of great help to move the company from one level to another. In any section of the business, systems of control stock, inventories and delivery records are core to profitability of the business (Zentes, Morschett & Schramm-Klein, 2007, p. 100). The supermarket should therefore, focus on extranet systems to enable the sector utilize the internet in creation of proprietary and personalized information dissemination between the section and its part ners. The last thing this supermarket should consider is supplier management. Research indicates that Tesco relies on goods from overseas in which case suppliers are competitive on prices. The company should therefore, use many suppliers from around the world to reduce chance of shortage in supply. The relationship with suppliers, however, should be unique to gain their trust. Budget Distribution Summary Because of the ever increasing completion in the â€Å"