Business Strategy – Section 4995 GN Summer 2012 Case Analysis: Case #8 Cash Connection: Are Its Payday Lender Strategy and Its Business Model Ethical? Assignment Questions: 1. What does a SWOT analysis reveal about the company’s overall situation? SWOT analysis is a strategic planning method used to evaluate the Strengths‚ Weaknesses/Limitations‚ Opportunities and Threats involved in a project or in a business venture. It involves Specifying the objective of the business venture
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Payday Loans - 4 Reasons to Rethink Payday loans are a type of short term loan that you can use to quickly get cash until your next paycheck. They are easy to get and generally online require proof of employment and a checking account. Basically you will write the company a postdated check that won’t be deposited until after you get paid again. This type of loan doesn’t even require a credit check. Personal loans are convenient‚ but they aren’t the right solution for every problem. They are expensive
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Cash Connection Case Analysis Abstract Recent years and hard economic times have led to a boom in payday advance lending services. These services are a great option for quick cash for a few people. However‚ in general these companies pray on those who cannot afford their high interest rates. Cash Connection The current United States economy is and has been in a slump for several years now. This added financial pressure continues to take its toll on Americans who live pay check to pay
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of cash and you don’t have a good credit‚ what you should do? Ask your friend‚ family or your co-worker. We all understand this may be a very embarrassing moment but things happen every day and it may be happen to you or us one day. There are actually ways that you can deal with it. Fast payday loans is one of the options that you can choose from no matter you have a good credit or not. This is not the factor to consider your application. There are a lot of benefits of getting a quick payday loans
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SOLUTIONS TO CASE STUDIES CHAPTER 13 Case Study 13.1 Telstra opts for David Thodey as replacement for Sol Trujillo 1. Why would the Telstra board appoint an internal candidate to the position of chief executive‚ rather than an external candidate? This question is a good opportunity for students to reflect on what constitutes ‘expertise’. On the surface of the facts‚ David Thodey may seem like an unusual choice given that his proposed management changes are
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you. For instance have you ever heard of same day payday loans? No‚ well stick around and I will tell you about them. Same day payday loans lend you money for all types of reasons‚ it is a loan and you do have to pay back. It is the easiest way to get a loan and you can have the money the same day you apply. Same day payday loans will lend you up to fifteen hundred dollars. There are some requirements that you have to have before you can get a loan. You have to be eighteen years old or older‚ have
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p2p vs payday loans (Paul) Payday are usually called “one of the most expensive forms of credit in the world” (Skiba and Tobacman‚ 2008). A typical two-week payday loan costs 15EUR per 100EUR borrowed—a 391.07% annual percentage rate. Many people call consider taking these loans as getting into a “debt trap”. From the other side‚ industry representatives claim that its rapid growth is explained by a great value of the services in helping the clients to improve their welfare. Usual bank loans aim to
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Non-Traditional Financing Advanced payday loan companies all serve the purpose of reeling in their customers with their use of catchy slogans and false advertisement. This specific cartoon comes from a website called www.stoppaydayloanpredators.org which has numerous reports and studies regarding these alternative financing companies. This advertisement‚ which has a short sentence and image‚ is effective at selling an idea to the viewer through its use of rhetoric. First off‚ the use of sharks
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performance in recessionary conditions. Loan assessment techniques such as credit scoring which is used to evaluate whether customers should or should not be granted credit‚ loan screening aids such as advances in data technology‚ changes in regulatory environment‚ the firm’s future profitability‚ the amount of the owners equity in the business to mention but a few have often not been fully revealing and are imperfectly correlated across banks and cash loan businesses. Banks and micro finance
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1. What is Cash Connection’s strategy? Which of the five generic competitive strategies discussed in Chapter 5 most closely fits the competitive approach that Cash Connection is taking? Cash Connection’s strategy is differentiating itself from other competitors to gain the largest share of the lending industry‚ while still meeting customer’s needs and following government regulations and restrictions. Cash Connection is taking to broad differentiation strategy. Allen Franks‚ Cash Connection’s
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