Wachovia and Others: Trading
securities at the speed of Light
What’s Trading Securities?
- Trading securities is the act of buying and
selling securities with the intention of making a quick profit. Brokerage
firms and investment advisers recommend buying securities for the anticipated long-term appreciation of the company.
- Wachovia (former NYSE ticker symbol WB) was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo in 2008, Wachovia was the fourth-largest bank holding company in the United States based on total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. The purchase of Wachovia by Wells Fargo and Company was completed on December 31, 2008. Wells Fargo acquired Wachovia
after a government-forced sale to avoid a failure of Wachovia.
What competitive and sustainable advantage can
the companies described in the case derive from the use of faster technology
and co-location?
- By using faster technology
in their work Wachovia corporate and investment bank made proper adjustments
in their work cycle, reducing both time of the operation
and cost of the production. They simplified the segments they were using
for the faster connectivity from one system to another and made a very
distinct and easy channel of network which consisted all the aspects of organization, from research to reporting.
Speed was their main concern.
- This technologies also enhances the productivity of the costumer.
- Technological innovation has life cycle and
there is no final thing on it.
- Speed considering the availability, with the service and reliability is the positive aspects of using
co relation of servers with the exchanges.
Tony Bishop of Wachovia stated that “Competitive
advantage comes from your math, your workflow and processing through
your systems.”
- I think that calculations are very much necessary to make while deploying a technology
in the business so that cost benefit can be ascertained. If a technology
helps an organization to reduce the cost, by the proper and systematic
management of the workflows inside an organization making a efficient processing possible then
only it’s profitable to deploy technology in the business.
-
“Competitive advantage
comes from your math, your workflow and processing through your systems.”
- But also competitive advantage is not only about accuracy of figures, if done only that it may not
make organization competitive enough. Cost is not only the factor that
ensures the competitive advantage of an organization along with costs
there are lots of things that comes together to make information technology a competitive weapon. Quality of the
products and services, new ideas and features included in the product
and mass marketing as well is equally important to get the competitive
advantage through the use of information technology.
- Costumer focused business structure, devoted
to provide best quality products with unique features; in reasonable
price covering the larger segment of market by using information technology
to facilitate each function is important to gain competitive advantage.
What companies could benefit from technologies?
- The organizations can benefit from technologies
that focus on reducing transaction processing times. When there is costumer
waiting for the completion of process and there are lots of transactions that are to be performed then use of technologies that gives
the speed to the process makes it easier to manage the function and
ensure customer satisfaction.
- Organizations information system about customers
should be accessed easily so that delays issues can be forbidden.
-
Hotel industry can benefit from technologies
that focus on reducing transaction processing times. For reservations,
cancellations and occupancies information should be processed fast and
any delays in such processing may cost lots of customers to the organization. For guests information and their
stay calculation as well as their other information faster technologies
can be used to increase the efficiency of the organization through customer
satisfaction by effective management