Globalization in general is defined as “a process of decreasing constraints on the interactions among the nations and people of the world” (Campbell, 2019). There are three specific types of globalization that we will be focusing on in this blog: 1. Economic globalization which is “the integration of fragmented markets into a global economy” (Campbell, …
Continue reading “Globalization: Economic, Political and Social Impacts”
The Code of Conduct we chose to analyze is from Royal Bank of Canada (RBC). The Code of Conduct incorporates a variety of aspects that are commonly found in other industries, such as Respectful Workplace, Occupational Health and Safety, Environmental Sustainability, and Compliance with Government Regulations. However, it was particularly intriguing to find that the …
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Unions in Canada have a purpose “to ensure some level of participation and to define and protect employees’ rights through the collective agreement, management/union issues overlap with union issues” (Tittle, 2017). Although unions are a source of protection to employees when it comes to their rights, not all unions benefit everyone. This blog will answer …
Financial reporting is an essential piece of information that all businesses disclose at year end. In this blog, we will be exploring who is responsible for issuing the reports and what the leaders in the organization say about the compiled information within the reports. We will then move onto the third party options. In addition …
Continue reading “Financial Reporting Standards in Business to Business Banking”
Unpredictable interest rates, rising cost of technology!! What will this mean for the business to business financial services sector and its small business clients? More importantly what will this mean for the current and future global economy? But before that, let’s take a look at sustainability in a business context. Well, according to the Brundtland …
Attention to potential harm is a utilitarian characteristic (Tittle, 2017). In other words, this characteristic occurs when the interests of others are placed in first position. There are two ways to look at rights-based analysis: Buyers rights and sellers rights (Tittle, 2017). Buyers rights include ensuring all buyers (Customers) have adequate information to make an …
Canadian banks are using all different means of advertising from online advertisements, magazine advertisements and television advertisements. They are also using advertising tactics which include the customer’s emotions and future goals to create target markets. For example, TD Bank has majority of advertisements which show families spending time together during holidays and festivals, students in …
The financial services industry is one that can have many different focuses. How financial services firms market, compete, and work together will be the focus of the blog. In the business to business line of financial services, we will discover the ethical implications when conducting business, as well as, its impact to all those involved. …
Financial Services Business to Business