Cash Connection Essay - 1718 Words

Cash Connection Payday Loans Strategy, Ethics and Forces 1. What is Cash Connections strategy? * Differentiate itself from competitors to gain the largest piece of the $40 billion dollars of paid lending that the United States industry has to offer, while adhering to government restrictions and meeting customer’s needs. Reference: Thompson, Peteraf, Gamble, and Strickland. P. (2010). Crafting and Executing Strategy: The Quest For Competitive Advantage Concepts and Cases (18th ed.). Page, C-114. Which of the five generic strategies discussed in Chapter 5 most closely fits the competitive approach that Cash Connections is taking? * I choose a broad differentiation strategy as a best fit. Allen Franks seeks to produce†¦show more content†¦Can all be taken into account when consumers are choosing or switching providers. The threat of Substitutes-HIGH-Competitors with substitute products including banks with products/services like overdraft, Credit Card companies/banks with credit card offerings, employers who offer pay advances, and even Banks like Wells Fargo who are starting to offer payday loan style products called checking advance products. I think that consumers will readily (gladly) accept these substitutes whenever possible. Advances from one’s employer are the best option but is not readily available to everyone. Overdraft is similar in pricing and many credit cards are as well. Overdraft is easily converted to cash when credit cards are harder to acquire cash from. Credit cards along with loans, lines of credit, home power lines of credit and mortgage refinancing are each increasingly lower in costs but are not as readily available as payday loans which is one of the reasons why there is a $40 billion dollar market. Plus, most substitutes are attainable with good credit while most payday loan companies do not require a substantial amount of information to obtain a cash loan from them. This with the extremely fast turnaround of one to, at maximum, a few hours until you receive cash in hand is another main reason the industry is so large. The text book discusses, in a 2004 survey by Cypress Research Group, 84% of customers who use payday loanShow MoreRelatedCash Connection2210 Words   |  9 PagesCash Connection 1. What are the dominant economic characteristics affecting the payday lending industry? The industry for short-term cash loans (payday loans) grew in the early 1990’s because of the shift in financial services marketplace. The cost structure of the market rose due to bounced checks, overdraft protection fees, and late bill payments penalties. Second the trend of regulation of payday advance service that allowed protection for consumers. To avoid such cost, payday loans wereRead MoreCash Connection: Are Its Payday Lender Strategy and Its Business Model Ethical1064 Words   |  5 Pagesare likely to be protracted and at times acrimonious. Case Study 13.2 Reporting season’s moment of truth 1. If cash is the best measure of success, why have the accounting profession and regulators persevered with analysing debt-to-equity ratios? There is far less discretion as to the timing of disclosures under the cash flow model. Adoption of cash flow can distort earnings and reduce the capacity of management to smooth income. Arguably however, accrual accounting may allowRead MoreCash Connection - Ethically Sound2719 Words   |  11 PagesCash Connection Strategic Analysis Case Study October 24, 2011 Table of Contents Cash Connection Strategic Analysis Case Study 3 Cash Connection’s Business Strategy 3 Cash Connection SWOT Analysis 4 Ethical or Unethical Industry 5 Cash Connection’s Porter Fives Assessment 7 Cash Connection Lending Key Success Factors 9 Economic Characteristics and Driving Forces 10 Industry Financials 12 Recommendations 13 Reference 14 Table of Figures Figure 1: Cash Connection - SWOT analysis Read MoreDelta Air Lines, Inc.1408 Words   |  6 PagesSteady and consistent growth Strengths Delta is one of the largest airlines in the world, being named in the first 50 of the fortune 500 as of 2014. The company has a diversified geographical presence, as of February 2014, the company and the Delta Connection carriers offer transportation service to 322 destinations in approximately 59 countries in six continents. Therefore, a strong market position and wide global presence helps Delta expand its service offerings in new markets and enhance its marketRead MoreCase Study: Independence Air2472 Words   |  10 PagesAIRLINE CASE STUDY | | Alois Nyandoro | 3/14/2013 | Dr. Bruce Ellis | A brief history Independence Air started as Atlantic Coast Airline (ACA) on 15 December 1989. It operated as a feeder service as United Express for United Airlines and Delta Connection for Delta Airlines. United withdrew from the contract after ACA labor and management objected to a request for concessions for a lower fee-for-departure agreement. Consequently, ACA reinvented itself as a low cost carrier known as Independence AirRead MoreW1 Active Adj14109 Words   |  57 PagesW2 condition n S2, W1 conduct n W3 conduct v W2 conference n S2, W1 confidence n S2, W2 confident adj S3, W3 confine v W3 confirm v S2, W2 conflict n S3, W2 confused adj S3 confusing adj S3 confusion n S3, W3 congratulation n S3 connect v S2, W2 connection n S3, W2 conscious adj S2, W3 consciousness n W3 consent n W3 consequence n S3, W2 consider v S1, W1 considerable adj S3, W1 considerably adv S3 consideration n S2, W2 consist v W3 consistent adj S3, W3 constant adj S3, W3 constantly adv S3, W3Read MoreEssay On Rural India8 18 Words   |  4 Pagescore internet subscribers till September, 2016, 24.7 core of the connections are concentrated only in cities. Urban India is way ahead with 61.9 internet subscriptions per 100 people while rural India is struggling with 13.7 subscriptions per 100 people. Digital disparity is so high that Delhi alone has 2.2 core internet connections while the entire North-East lags behind with just 4.3 lakh connection. Half of the 3 core connections in Maharashtra are concentrated in Mumbai. It is to be noted thatRead MoreCase Analysis of Whole Foods Decides to Open in Detroit1092 Words   |  5 PagesPeople - We recruit the best people we can to become part of our team. We empower them to make their own decisions, creating a respectful workplace where people are treated fairly and are highly motivated to succeed. Whole Planet - We recognize the connection between our lives, our communities and the environment.ï ¼Ë†Barbaraï ¼â€° The mission statement shows their deepest purpose as an organization is helping support health, keep member happiness and excellence, create wealth through profits and growth andRead MoreReview the Annual Reports for Pepsico, Inc. and the Coca-Cola Company in Appendixes a B of Financial Accounting. Select Either Pepsico, Inc. or the Coca-Cola Company. in Your Estimation, the Company You Chose May Be Financially Healthier or Weaker.23052 Words   |  93 Pagesand Cash Chapter STUDY OBJECTIVES After studying this chapter, you should be able to: 1 Define internal control. 2 Identify the principles of internal control. 3 Explain the applications of internal control principles to cash receipts. 4 Explain the applications of internal control principles to cash disbursements. 5 Describe the operation of a petty cash fund. 6 Indicate the control features of a bank account. 7 Prepare a bank reconciliation. 8 Explain the reporting of The Navigator cash. Read Moreswot analysis of french connection1637 Words   |  7 PagesFrench Connection Group plc Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis Phone: +44 20 8123 2220 Fax: +44 207 900 3970 office@marketpublishers.com http://marketpublishers.com Phone: +44 20 8123 2220 http://marketpublishers.com French Connection Group plc Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis Date: Pages: Price: ID: January 1, 2014 79 US$ 499.00 F05339C0744EN French Connection