Individual Reflective Report 2 Essay Example | Topics and Well Written Essays - 1500 words

Individual Reflective Report 2 - Essay Example This game prepaid card would allow the gamers to enhance their gaming experience as by such prepaid card, the hurdles such as lag and delays would be eliminated. Along with such facility, the Chinese player could purchase this card in any foreign country. With such an interesting prepaid card, the Chinese gamer could enjoy a lot of advantages. One of such benefits is the purchase of cards in any foreign country. Since Chinese internet banking process requires a lot of legal formalities and the process requires high payment, this prepaid card could be purchased with the use of VISA card. Since this card would allow the gamers to enhance their online gaming experience without any delays and lags, it would attract lots of gamers to purchase such card. The most attracted gamers would be Chinese to such cards as these individuals are quite faithful to the game they play. The major concern for this company is its competitors in the market. Garena is one such competitor that allows the game rs to experience online gaming with the rest of the world. Garena has over hundreds and thousands of online gamers online. To differentiate Garena from its competitors in the market, the management has aimed to focus on the cost that the customers would pay. Acquiring gold membership at Garena requires high cost but once gold membership is purchased, prepaid cards are available at low cost as compared to others in the market and this would be the uniqueness of the company. With such a strategy to attract customers, honesty and reliability would be the core advantages upon which the customers would prefer such card system over other competitors in the market. In order to enhance the customer’s engagement, staff with knowledge about the games and its terminologies would be hired. This would allow the company to interact with the customers from time to time. The company would also focus on building relationship with the customers so that the customers remain loyal over the years . To further expand the business, the aim of the company would be on â€Å"click and mortar† type of business. By designing a website for the company, Garena would be able to bring in more gamers from all around the globe but the company would not just stop at designing a website, it will also have stores in the world to provide the gamers with prepaid gaming card. Supplier would not be a problem for the company as it has been observed that there are thousands of stores that provide the gamers with accessories throughout the world. By creating links with the suppliers in the world, the company would be able to sell game prepaid cards. Summary of Group’s Business Idea The group business idea is to provide the Chinese gamers with gaming prepaid card that would provide them with the access to unlimited online gaming without any jerks or delays. Since most of the gamers are quite loyal and faithful to the game they play, they want that game to be free from any delays or ti meouts. Strengths The strengths of this gaming card would be its low cost and availability. Since the company aims to design its own website along with an introduction of gaming store, the availability of the prepaid gaming card would be out of question. Since this would be the only available card that would require less time and documentation, it would rapidly sell in the market. Weakness The weakness of the business idea would be the lack of awareness level in gamers regarding the prepaid gaming card. Promotion and advertisement for the company’

Assess the future prospects for British banks Essay

Assess the future prospects for British banks - Essay Example banks provide extremely good value for customers unlike in other countries where customers pay both to have bank account and for the services they use whereas in U.K. banks, they provide free banking including access to free debit card, free access to ATM’S, free use of cheques, internet banking etc. Their charges are transparent and are advised to customers when they open the account. Banks generally publish their tariff charges also. London is both home to the world headquarters of the major British banks, and the host to major trading activities of both US and Continental European banks. London today is with 264 foreign banks and has 20 % of international bank lending. So it becomes the largest center for cross border banking. British banks account for 5 of the worlds top 20 by market capitalization, while there are 7 in the rest of Europe, 6 in America, and the remaining 2 are Japanese (Smallwood, 2005). The development of a number of world-class British-based banks successes is based on their own competitiveness, and not on any degree of government subvention or protection. A consequence of this is that London is, and is likely to remain for at least some appreciable time, the most international of capital market centers. The UK accounts for 60 per cent of primary international bond trading, and 70 per cent of secondary. There are more companies listed on the London Stock Exchange than on either the New York or Tokyo exchanges. In the OTC derivatives market, the UK accounts for over 40 per cent of global trade, compared with 24 per cent for the US, 10 per cent for France, and 3 per cent for Germany. Our fund management and insurance industries are both the third largest in the world, behind those of the US and Japan. The good news is the present strength of banks: a high level of profitability, strong levels of capital, and risk management, which has