Study and Overview of Multinational Banking

Study and Overview of Multinational Banking Introduction: Banks have always been a topic of great discussion as well as great importance. The Banks have been an integral part of the whole economy of the country and hence add greater value to its existence. However, the past suggests that the banks have broken their domestic shackles and entered different markets in foreign countries. Global banking has then emerged as one the most important and biggest industry in the world. This was primarily because of the assessments made by bank management on the growth and profits associated with globalization. In the current scenario, almost every bank internationalizes its operation sooner or later and hence makes it even more important to understand the associated concepts in globalization policy. The research is to propose a well scrutinized description of its determinants and risks associated with it. A further emphasis is given in regards to the risks of multinational banking as the past decades have experienced a lot of banking crises which many regard as an adverse effect created by diversification of banks. Studies in the past have more been on the FDI made by Multinational corporations in trade industry however less has been written about FDI in banking industry even though they have been neck and neck with the other industries in terms of globalization with banks such as HSBC, ICICI, JP Morgan, Citibank, Royal Bank of Scotland and Barclays heading the way. The massive banking industry makes it very difficult to conduct a complete study of all its aspects and hence the key aspects of its globalization have been considered and researched. The involvement of the author in a research related to the study of multinational banking is caused because of the following reasons: Firstly, banking industry has been a key sector in the economy of any country and the success of a country has at times also depended on the functioning of its banks. Secondly, the author has immense interest in the banking field and has always been fascinated by the activities and operations of banks across the globe. Lastly, the personal interests of the author in the globalization field as how and when have firms entered foreign markets. Hence, the investigation of cross country banking industry has made the study very appealing The primary objective of this study is to investigate and highlight the determinants for the growth of multinational banks and to develop an integrated approach to explain the phenomenon of multi nationalization of the banking industry. Also, to intricate the risk associated with multi nationalizing of banking operations. The primary consideration underlying the study is the fact that most of the research and resulting hypothesis are confined to manufacturing and extractive industries. Indeed, lack of empirical studies on multinational banking was also highlighted by Aliber (1984) in the only survey of the literature on this subject. The following are the specific questions that have been dealt and explained in the research study: What are the key determinants behind a bank opting for globalization of its activities? Why do some banks and not others adopt this policy? Why is foreign rather than domestic operation advantageous in serving foreign markets? What are the risks associated with globalizing of banking activities? What are the key considerations in terms of which host country to invest and globalize activities in? The research strategy, design and methodology provide the reader with an in depth view into the framework of the research process undertaken for this study. A separate section has been created called Research Methodology which analyses all the various techniques used in the research such as a research design, difference between the various types of research and the ethod adopted. Also, it highlights the sample used for conducting the primary research and also the research method adopted to collect the primary data. The primary data to brief it up has been collected through a qualitative in depth interview covering a sample of five management level interviewees from banks of UK as well . This chapter starts of with the significance of the commencement of the study highlighting the key reasons behind the selection of the topic and includes a background to the study as well as the personal interests of the researcher which further motivated the specific research. Also, the chapter lays down the aims and objectives of the research with a brief introduction to all chapters included in the study. This chapter has been further divided into two chapters. Chapter 2A stresses on the multinational banking industry as a whole and lays down the definitions and the key characteristics of international banking. Also, it highlights the various entry method options available to a bank in entering specific foreign markets. Chapter 2B then emphasizes on the growth of this industry and reasons behind its outburst. Determinants and risks associated with global banking are discussed in the next section. The chapter ends with a schematic conceptual model developed by the researcher to diagrammatically explain the multinational banking phenomenon. This chapter has been prepared to give insight to the way the whole research has been conducted. The chapter starts of with a strategy of adopting the form of research design and then follows a pattern of discussing, differentiating and selecting among the various options available in conducting the research such as qualitative or quantitative, primary or secondary, questionnaire or interview. The chapter then lays down the difficulties faced by the researcher in his research. Before this chapter, the research has been primarily been related to collecting secondary data from literature resources and primary data from the sample selected for the survey. However, this chapter deals with the analysis and interpretations of the collected data. Hence, the chapter becomes even more important for the correct interpretation of all the data collected. This chapter has been divided into several sections putting light into all aspects discussed in the research method. Also, this chapter explains the information collected from the survey which is then compared and contradicted with the literature. This chapter then explains the conceptual model shown in the literature review chapter. The chapter summarizes the whole research process by laying down the key findings. It further highlights the answers suggested in the study for the aims and objectives laid in the introduction. The chapter further suggests how this study could be used in the banking field and how this research could be enhanced by the future researchers. To conclude the researcher expresses few recommendations to the management in the way the globalization of banking is conducted in the modern era. The key contents of the study have been laid down in this chapter to give an idea of what the study has been conducted for. The aims and objectives of the research have been briefly explained. Also, the research has been more of a personal interest as the study topic has been captivating for the researcher. The second chapter now focuses on the literature in the field of global banking highlighting the key findings and views made by the early researchers. LITERATURE REVIEW: Introduction to Multinational Banking This chapter explores critically the literature that has surrounded multinational banking for the past few decades. The literature has been divided into 2 parts. The first part (A) explores the multinational industry as a whole with a detailed explanation of its key characteristics and the modes of entry a bank can apply for it globalization. Whereas, part (B) highlights the background and the growth of multinational banking as a major industry in the world business followed by a scrutiny of its key determinations and risks. Concept of Multinational Banking This chapter emphasizes on the concept Multinational Banking and the various aspects related with it. The chapter is divided into four sections to make it simple and clear. The chapter begins with the basic meaning and definition of a multinational bank and the types of multinational banks. The second Section then highlights the key characteristics of MNB. The modes of entries for a MNB are then discussed illustrating the various ways in which a bank can internationalize. The chapter finishes with the concluding comments in fifth section. Definition of a Multinational Bank (MNB) Multinational banking involves the ownership of banking facilities in one country by the citizens of another [Baker and Bradford (1974), Baum (1974), Lees (1974 and 1976) and Robinson (1972)]. The definition of a MNB is subject to an array of interpretations and is also used interchangeably with terms such as International Bank or Transnational Bank. Broadly, a multinational bank can be classified as an institution through correspondent relationship, foreign direct investment or direct lending to customers from home offices that engages into cross country banking. In many instances, however, multinational bank is used to refer to a bank with physical presence outside its home country through a branch, an agency, a wholly or a majority owned subsidiary, or a bank formed by merger of two or more banks based in different countries and not the ones with a correspondent relationship or a representative office. Robinson (1972) defined Multinational banking as operating a bank in, and condu cting banking operations that derive from, many different countries and national systems. A multinational bank can be compared to a multinational company and can be classified as a financial multinational corporation as they enjoy similar advantages and disadvantages in host country. However, this theory can only be applied to commercial bank that engages in local banking activities in the host country and hence competes with the native banks. Whereas, a Multinational corporation can little be compared with the bank that operates in the super national markets such as Euromarkets as they do not compete with the local indigenous banks. (M.K Levis 1987). H. G Grubel (1977) was one of the first authors who offered a general theory to explain the existence of multinational banking. He argued that MNB had three different types, which needed different explanations. The first was the multinational retail banking, which entered foreign markets to serve local customers through the same local deposits and loans facilities as domestic banks in the host countries. The second category was the multinational service banking, which consisted of banks servicing the requirements of corporate clients and expatriates from its home economy in foreign markets. Lastly, the multinational wholesale banking, it involves taking large deposits, and the making of large loans and investment. It is worth mentioning that Hoschkaà ¢Ã¢â€š ¬Ã¢â€ž ¢s (1993) similar definition of a multinational financial services corporation (MFSC) is confined to firms that provide banking services. In his view the fact of possession of a representative office in a given country doe s not imply that the owner of this office may be called an MFSC, as it merely serve a liaison function for a parent firm but cannot actively operate in the host market. However, the definition the researcher has used for the multinational bank is of any bank which internationalizes it operation. (Jones. G) After we have discussed the related literature on multinational banking in the chapter two, this chapter discusses in depth the research strategy, design process and the methodology used for investigation. It provides the reader with an insight into the various methods and techniques used for this study. The main discussed issues are based on the proposed stages of the research process by Antonio as shown in the table below: Problem Discovery and Definition Research design Sampling Data collection Data processing and analysis Conclusion The stages of the research process Antonio Exploring Marketing Research, USA: The Dryden Press Problem discovery and definition The formulation of the problem is often more essential than the solution. Albert Einstein. According to Malhotra and Birks (2003), problem definition can be defined as the the general problem and the identification of the specific components of the marketing research problem. Problem discovery and definition is regarded as the primary method in any research and also one of the most important. Therefore, it is very important to understand the nature, scope and limitations of the problem in order to avoid any misinterpretation and to make it understandable to marketing decision makers and marketing researchers.

The green mile

The green mile BY ajW0215 The Green Mile In the year 1999, Director Frank Darabont released The Green Mile, written by Stephen King (Novel) and Frank Darabont (Screenplay). The main characters include Paul Edgecomb (Tom Hanks and Dabbs Greer), Brutus ‘Brutal' Howell (David Morse), Percy Wetmore (Doug Hutchison), and John Coffey (Michael Clarke Duncan). The movie starts out with the protagonist (Old Paul Edgecomb) recalling his memory of his time as a prison guard in the Great Depression (Green Mile).He recalls the year 1935 as he year his bladder infection was the worst it had ever been (Green Mile). He then talks of the first day that he had met John Coffey â€Å"Just like the drink only not spelled the same,† (Green Mile). He then proceeds to talk about the amazing things that started happening in and around Death Row Block â€Å"E† like his bladder infection getting cured, a mouse coming back to life, a cure for a tumor, and finally the â€Å"insanity† p unishment that one of the guards and a certain inmate so rightly deserved (Green Mile).Once he is done with his story, it is found that he is one undred and eight years old and still has many, many more years to go thanks to John Coffey, a very gifted man who was executed in 1935 for the rape and killing of two innocent little girls (Green Mile). He was found to be innocent during the story but only the viewer gets to know that part (Green Mile). The Story artfully ties nursing home life of an old prison guard to that of an inmate on death row. The Green Mile talks about segregation and â€Å"open and shut† cases. The movie also touches on the historic lack of delay before an execution, particularly in those involving an AfricanAmerican. In the nursing home, Paul is confined to the premises by walls and rules, both of which he habitually breaks. Rules he breaks by eating white bread every day while the â€Å"rules† dictate he should be eating healthy. He â€Å"breaksà ¢â‚¬  the walls by taking long walks every day, even though it is dictated that he needs to stay within the confines of the building. The staff is concerned, but tends to turn a blind eye. This is a direct contrast to his life as a guard on death row, where he was surrounded by alleged law breakers who were forced to stay within the confines of their cells until he day they were to die.It is allegorical in that he is also confined to this life until the day he is to die. Segregation was illustrated by how everyone took one look at John and declared him guilty Just because he was black and they could easily compare him to a dog gone rogue; they never stopped to listen to his side of the story. In this film, we can assume that if it had been a white man who was found at the scene of the murder, then they would have listened to whatever he had to say and he may have gotten a very different ruling.The illiteracy of blacks comes in when Paul is surprised to hear that John can spell his name, he then asks for John to spell his name and proceeds to interrupt him in the middle of the first name. When the townspeople find John with the two raped and dead girls, they immediately put him to trial and prosecute him. This went to show how officials werent doing a full police investigation if they could present enough evidence that someone could easily find their person guilty, not to mention that if nobody wanted to look at all of the evidence hey didn't nave to.The entire time period tor the memory in this tilm is only a tew weeks between John getting convicted and John getting executed; whereas in today's legal system in the United States, a minimum often years transpires before an execution can happen. Assuming the defendant is convicted in a state that still allows capital punishment; the defendant has many appeals before various or sometimes the same courts to determine if they truly are guilty, if a life sentence is better, or if the decision can be overturned.

Communalism Essay

Communalism arises among the society when a particular religious or sub-religious group tries to promote its own interests at the expense of others. In simple terms, it can be defined as to distinguish people on the basis of religion. Divide and Rule Policy of the British: The British rulers adopted the policy of ‘Divide and Rule’ to strengthen their roots while living in India. They divided the people of various communities of India and spread the feeling of distrust among them and hence they sowed the seeds of communalism in India. Political Organisations: Different communal organisations are found in India which have created hatred among the people of various religious communities by propagating, and hence they are the root cause of communalism. Inertia indifferent Government: When the government does not take proper action at the proper time, communalism spreads among the subjects. Sometimes the government favours on the religion and leave others which create differences. Ineffective Handling of Communal Riots: Sometimes the state governments have been proved ineffective to curb the communal riots in their respective states. It also results in spreading the communalism. As the result of the above factors, communalism is raising its ugly face in India after the Independence and also creating great problems even in the working of Indian political system. Remedies: Efforts should be made by the enlightened citizens to discourage the communal and caste based forces from the social, political and electoral process in order to make these forces irrelevant. They are to be opposed not to be appeased. . Communal carnage and caste wars should be dealt strictly with new strategies. . To usher an era of social equity and sarva dharma sambhava the people of India should not mix religion and caste with politics to attain the goal of common brotherhood for the unity and integrity of the nation.

Culture Has Always Been Something That’S So Interesting

Culture has always been something that’s so interesting to me. I love the fact that you can always learn more about a person or place by exploring their culture. I think I enjoy it so much because I have such an open mind, and love talking to people; however on the opposite end, I think all that unknown scares some people, and results in ignorance, racism, and/or ethnocentrism. I grew up in an average size town where Caucasians were just slightly the minority. There were many Blacks, Latino and Hispanics, and American Indians as well. This diversity didn’t just pop up in high school, these kids are people that I’ve grown up with since elementary school. Because I have always been exposed to many cultures, I have grown up with a†¦show more content†¦My family on my mom’s side was raised Jewish, and that’s what my older sister, Jennifer, and I were raised. Four of my six cousins were also raised Jewish. My aunt Janelle (my mother’s sis ter) was raised Jewish just like my mother and her other siblings. However, when they grew up and started new lives of their own, my aunt Janelle wasn’t very religious. Later on, my aunt got cancer, and needed a higher power to believe in and ask for help. Because she didn’t feel too connected to the Jewish faith, she converted to Christianity, and raised her two children that way. Since my family is very close, but we’re not all the same religion, we celebrate Hanukkah and Christmas. These celebrations, though they are of different faiths and stories, they do not divide us. My aunt Janelle and her kids still come to the Hanukkah parties, just like we all go to my grandparents for Christmas. As far as my cultural competence, I feel like I am lacking. I think I’m as advanced as one can be in respecting, listening, and learning about other cultures, however my hands on experiences are unfortunately few and far between. My best friend Yousra, who I have grow n up with my whole life, is Muslim, so I know a little but about her faith, and I know much about her family values. My boyfriend and I have been dating for four years, and he is Dominican, so I have been exposed to his family’s cultural values and traditions as well. As far actuallyShow MoreRelatedGender, Gender And Sex Matters904 Words   |  4 PagesGender and Sex Matters This class is all really interesting for me, except the two features I talked above, all the other topics are just too attractive and applaud me. The gender problems totally right, and I believe this happens in every country. When I translated â€Å"Sex† and â€Å"Gender† in the dictionary, it gives us the same meaning: male and female. Thus I ‘m really surprised when I found they have different meanings in class! As referred to by Allen, Sex is a biological classification while genderRead MoreOpposite Attract Essay1162 Words   |  5 PagesThe most common reasons for believing the myth were that opposites make life interesting because there’s always something to look forward to, an intuition that opposites don’t make life boring, and that’s how it’s supposed to be. What surprised me in the positive responses was the fact that some people believed in the myth due to popular culture like the Twilight movies, and cultural mindsets that m ake people believe â€Å"that’s how it’s supposed to be†. Only two people stated they did not believe the mythRead MoreFinal Exam Questions On Sociology1284 Words   |  6 Pageswe discussed throughout this class but I’ve learned a lot of new and interesting things from class discussions. I took helpful notes and facts from articles and the online readings. They have also really helped me and given me insightful information. 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That Wasn’T The Only1501 Words   |  7 Pagesthey were closer to animals -- also introduced Europe to Universities(or higher level learning) and even the concept of â€Å"zero†(as cited in Douglas, 2009).† Now, that’s not to say Europeans are inferior, but Moors brought alchemy and other sciences and also introduced higher levels of education that they never receive any credit for. This has happened to a numerous amount of indigenous people who were believed to be more advanced than Europeans in architecture and in science. It is also believed thatRead MoreThe Expansive Of Islam Is My Historical Subject That Interests Me1110 Words   |  5 Pagesthat there is so much that people can learn the Islam’s culture. I was so interested about the subject that I decided to read a book based on it to learn more about this wonderful r eligion Islam. According to the book,.................................................... , the author discusses about the Islam’s traditions. 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What You Should Do to Find Out About Gmat Argument Essay Topics Before Youre Left Behind

What You Should Do to Find Out About Gmat Argument Essay Topics Before You're Left Behind Choosing Good Gmat Argument Essay Topics Questions are a standard direction of getting interest, along with evocative language or a strong statistic Don't assume your audience is already acquainted with your topic. In addition, the quoted researches have a difference of 5 decades, and unless the exact same group of people are asked the exact questions with differing answers, it is hard to state the change as a good fact concerning the change in viewership. The survey could have been 10 pages long, with 2 questions specializing in river sports. Give them some background info, like a brief history of the matter or some extra context. In any scenario, progress necessitates discussion among those who have contrasting points of view. The author would also need to demonstrate that the negative impacts of the project outweighed the positive results. Critical judgment of work in any certain field has little value unless it comes from somebody who is a specialist in that area. Get to be aware of the common flaws, which means you recognize them quickly on test day! The duration of the essay isn't pre-fixed. Researching all the various viewpoints and including them in your essay increases the standard of your writing by earning your essay more complete and nuanced. Write a great introduction, and the remaining portion of the essay will flow very naturally. The conventional five-paragraph essay is normal in writing argumentative essays, but it's only one method to write one. When you're writing this essay, your primary focus is going to be to give the reader vast info about the subject under discussion. No matter what type of essay you're writing, a strong plan can help you have a larger impact. The Ultimate Gmat Argument Essay Topics Trick Other people think that such competition seriously limits the standard of genuine learning. It is a different score, reported alongside the remainder of your GMAT scores. If the two scores differ by less than 1 point, both scores will be averaged to receive your final scaled score. The Advantages of Gmat Argument Essay Topics It is tough to correlate the proportion of museum attendees that does not only watch art programs, but visited the museum as a consequence of it. When you learn to compose an essay of this sort, it is going to be very beneficial to you all through your college years. A nation should require all its students to study the exact same national curriculum till they enter college. Some people t oday think that universities should require every student to have a selection of courses beyond the student's field of study. Understanding Gmat Argument Essay Topics Magoosh is the best method to help not simply your GMAT Analytic Writing score, but in addition every part of your GMAT performance. This is particularly important when it regards GRE, where the AWA tasks are the very first things a student encounters and these cannot be skipped for later review. Have a look at this list of SAT essay prompts that will help you kickstart your studying! The ideal way to determine how to find a high Analytical Writing score is to examine a GRE essay sample, but doing so with no guidance can be overwhelming. You are able to then practice replicating successful connections between ideas in your practice essays. Whichever of the GMAT essay questions that you encounter on test day, the following advice will allow you to prepare. Hence, make sure that you distribute the resources of your essay in both of these regions of the GMAT argument write-up. To begin with, utilize the perfect-scoring sample GRE essays within this guide as models of potential tactics to achieve the essay tasks. There's, obviously, a limit on the range of pages even our finest writers can produce with a pressing deadline, but usually, we figure out how to satisfy all the clients seeking urgent assistance. The author claims that the recent members aren't putting in efforts to safeguard our environment. This conclusion is much too strong, and thus the request for funding isn't well justified. Second, the evidence extended in the argument suggests only that companies purchasing from the very same suppliers that Windfa ll purchases from are most likely to experience similar troubles. The first part of the essay we'll analyze is the way that it succeeds in identifying and examining the sections of the argument that relate to the job. The aspirant should realize that there are specific assumptions being made in the argument and that's where his cue lies. In the procedure for picking a topic, it's also advisable to test your argument. You will need to develop an excellent argument, which encompasses not just your primary point, but also all the pieces which make this up. To strengthen the conclusion the author would need to offer evidence this is a widespread issue. To strengthen the argument he would have to demonstrate that the construction of the mall caused the various problems mentioned.

The Effect Of The Church And The Appearance Of Women

Within 50 years, the number of large families in Canada dropped of about 25% (â€Å"Cinquante ans de familles au Canada: 1961 à   2011† 1). The multiple changes that occurred in the social context of our country like the fading influence of the Church and the appearance of women in the labor market, for example, contributed in decreasing significantly the size of today’s households. However, a minority of homes in Canada diverges from this general tendency and still counts a large number of children. Despite the challenges brought by raising a large family in a society adapted for smaller households, growing up in such an environment has plenty of positive effects on children. Indeed, kids who grow up in large families develop a sense community life, some fundamental values and advanced social skills. First, being raised in a large family makes a child learn the rules of living in community. In fact, having numerous siblings forces children to develop organizational skills, because cohabiting with a large number of people demands management basics. Coordinating the meals, activities and transport trains kids to be organized and cooperative, qualities that will be useful further on in their lives when they will be part of a group. In addition, children raised in large families are generally more disciplined than the ones raised in normal-sized families. In the same way as a team, every member of a big family needs to collaborate and maintain his role for the group to be functional.Show MoreRelatedThe Historical Voices Of Opera1189 Words   |  5 Pagesleading roles as the heroines, hero and villains, but it will take decades for women to arise from the religious and political views which caused restriction on all opera houses to ban all women to participate on stage. 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Fundamentals Operations Management Toronto -Myassignmenthelp.Com

Question: Discuss About The Fundamentals Operations Management Toronto? Answer: Introducation Currently, Genesis healthcare is performing well in terms of financials. The year 2017 financial results show that the recorded EBITDA( earnings before Interest, tax and dividends totaled to $126 million). Although this was a decrease from the previous years figure of $197 million that was recorded in 2016, the company is recording positive results regardless (BRIGHAM, 2018). The continued growth is due to strategic acquisition that is being executed. This coupled with the growth in innovative care delivery segments, efficiencies in operating cost as well as the selling of non core assets. The company expects a 14% EBITDA growth at the midpoint of the financial year i.e from the financial year 2016 to 2017 (Financial management, 2014). Discuss HOW the business is performing According to financial experts, if you do not have an adequate financial strategy, sooner or later you will have problems to fulfill your mission and strategic objectives. No matter what your mission is, if it is without or for profit, if it is public or private property, every hospital will benefit from an adequate financial strategy that supports its mission. What does change, depending on the hospital's property, is the focus of that strategy. While for a private for-profit hospital profitability is key, and for a private non-profit, sustainability and perhaps growth are important, for a public hospital its problem is mainly financial planning. Private hospitals supporting growth In the case of Genesis heathcare, the financial strategy is vital to ensure sustained growth..According to this publication, in the first quarter of 2017, the adjusted EBITDAR was $165.7 million as compared to $178.4 million in 2016. The adjusted EBITDA in the first quarter of 2017 was $129.6 million compared to $141.0 million in the first quarter of 2016 (BRIGHAM, 2018). According to the CEO the performance is attributed to disciplined management of costs, collection of bad debts that is progressive and a continued positive growth in the hospitals value based initiatives have contributed to a good performance. In terms of Debt, the average hospital has a return on equity (ROE) of 7%, and a return on assets (ROA) of 5.1%. That is, they have a leverage of 1.37 times (Madura, 2018). This means that for every dollar invested in the company one has 37 cents of Debt. In the last year, it grew by 10.9% and for this purpose it invested US $ 4.2 million in technology, while its debt decrease d by 1.4%. This shows that the management of Genesis healthcare has managed to run the hospital in an efficient way. Where is it performing well? The continued growth is due to strategic acquisition that is being executed. This coupled with the growth in innovative care delivery segments, efficiencies in operating cost as well as the selling of non core assets and customer retention. Where is it performing poorly? The hospital is performing poorly in debt payment that is why restricting of capital structure could not have come at a better time. Changes in Performance over the past 5- 10 years Genesis healthcare has reported a growth in general performance for the last 10 years. It has grown in leap and bound in the said period making it among the biggest performers in the health care industry in America. Its stock has largely grown to almost double its share price in the,last 10 years. The increase in performance of Genesis Healthcare (NYSE: GEN) has led to double the amount of staff. It has approximately 450 skilled nursing institutions and centres. It also has senior living communities in over 30 states in America (Khan and Jain, 2007). Changes started in the management of the company and has seen several management. Performance Improvement Recommendation Here are some suggestions to improve productivity and performance: The business has changed the management severally. The latest management structure led by the CEO has set a raft of measures aimed at improving the performance of the human resource in the company. This may seem superficial, but the raft of measures have actually increased the performance of the company (BRIGHAM, 2018). Change of work mentality: it is not better to be more hours in Genesis healthcare position if not to meet objectives. Each one must have his own and that is what must be evaluated. Forget the culture of presentism. (Madura, 2018). Enjoy at work: it seems something very used always but it is real. The worker who goes every day to the motivated office will perform his tasks better and therefore will achieve his objectives. The motivation and involvement of employees are fundamental pillars for the operation of any company. Creativity: we must encourage it. Nothing to mechanically repeat a task without providing inspiration and creativity. We must pursue this object of desire that can be very useful for both parties(Luftig and Ouellette, 2012). The following are the changes in programs for the last 10 years. These are also the success in the programs instituted by the company. Work behaviours: some have to be modified because they come from other times and now they do not have the same meaning. They are neither the most correct nor the most adequate. You have to look for managers who know how to work as a team and direct people with everything that comes with it. A greater union of company and workers, greater growth everywhere (Khan and Jain, 2007). Time of the meal: if you look at other countries, the time you have for lunch is about 30 or 45 minutes compared to the two hours we usually spend in Spain. It does not make much sense to waste so much time because this may mean that you can get out earlier. The responsibility belongs to everyone: it is not worth complaining without doing anything. The workers can request but giving in return what corresponds and the employers have to make an effort to make a more modern labour system and with necessary measures(Improving business processes: expert solutions to everyday challenges, 2010). Challenges There are several challenges that are facing Genesis Healthcare. In the US alone, healthcare takes approximately 20% of the GDP which is quite a large percentage of the money. The first challenge to contend with is the digital underinvestment. Digital underinvestment By some estimates, healthcare spending in the US is close to 20% of GDP, but healthcare marketers aren't funneling much of their marketing dollars into digital.One of the consequences is the creation of third parties through digital underinvestment in which a diagnosis can be checked online. Many marketers including Genesis has lost a lot of customers in this way (Davis, Balakrishnan and Heineke, 2007). Market structure In the US ,very few consumers pay directly for healthcare which makes this not a typical market. Third parties like the health insurers are now in charge of controlling the bills are are responsible for when, how and where a consumer is accessing a healthcare system. This challenge leaves the marketer with ample struggles of convincing the consumer that it provides the best services. Controversies such as drug pricing has put healthcare facilities like Genesis healthcare facing a lot of trust issues from its consumers. This has led to a trust gap. Recommendation to these Challenges These challenges can be mitigated by setting a good healthcare bill that is both free, just and fair to both parties in the healthcare industry. The parties are the healthcare institutions and the consumers. Insurers should have minimal right in choosing where a patient can go to keep the market liberal and free .Many of these services provided should also be quality to ensure a consumer gets the maximum value for their money. Conclusion This may seem superficial, but the raft of measures have actually increased the performance of the company. There are several factors that have contributed to the slump in healthcare business in America. You have to look for managers who know how to work as a team and direct people with everything that comes with it. A greater union of company and workers, greater growth everywhere. References BRIGHAM, E. (2018).FUNDAMENTALS OF FINANCIAL MANAGEMENT. [S.l.]: SOUTH-WESTERN. Davis, M., Balakrishnan, J. and Heineke, J. (2007).Fundamentals of operations management. Toronto: McGraw-Hill Ryerson. Falcone, P., Sachs, R. and Sachs, R. (2007).Productive performance appraisals. New York: AMACOM, American Management Association. Improving business processes: expert solutions to everyday challenges. (2010). Boston, Mass.: Harvard Business Review Press. Khan, M. and Jain, P. (2007).Financial management. New Delhi: Tata McGraw-Hill. Luftig, J. and Ouellette, S. (2012).Business performance excellence. London: Bloomsbury. Watch, G. (2014).Global Health Watch 4. London: Zed Books. Madura, J. (2018).International financial management. US: Cengage Learning Custom Publicatio