Forces and Trends Paper

University of PhoenixMBA/580: Strategies for Competitive AdvantageSeptember 20, 2007Week 2AbstractThis analysis on TeleCheck was based on the forces and trends in both the remote and industry environment. A detailed exhibition of TeleCheck?s forces and trends, the relevance of the forces and trends, and a strategic adaptability for the forces or trends ply behind be presented. Forces and Trends PaperCompetitive analysis, strategic risk management and scenario planning religious service a firm gain competitive advantage. readying tends to abet leaders and management distinguish the firms real vulnerabilities from those that ar imagined or marginal. Strategic risk management also helps draw which opport unities are worth the risk, and helps plan contingencies for dealing with disruptions, whether inevitable or well-nigh inconceivable (Laducina, 2005, p. 71). This paper will discuss the forces and trends (consolidation, fraud, and stinting cost) drives TeleCheck as a compan y. Consolidation ? How merchants are forced to obtain chink chip function?TeleCheck Services Inc. is a Houston unit of branch Data fellowship and is one of the leading providers of land around verification services. The company compares checks to those in various databases to position potential fraud. TeleCheck offers a check guarantee service, which warrants that the checks are reliable and accepts the liability for self-aggrandising ones. The responsibility for tracking down the guest to collect the money lies within the corporation. Check handling service providers such as eFunds, Washington Mutual, and Certegy are continuing to merge as consumer check volume drops (Wade, 2005, p. 12). Washington Mutual Inc. cited sympathetic concerns when it eliminated verification services in 2002, a few age after chamfer of America Corporation dropped them. The former camber One Corporation allows merchants to verify check amounts written on their customer?s bank accounts, but J.P. Morgan Chase & antiophthalmic facto! r; Co., which acquired Bank One, does not allow that. Fraud ? Protection trendPeople using... If you requirement to get a full essay, order it on our website: OrderCustomPaper.com

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