Laws Influencing Information Security and Privacy in the Financial Sector

  1. Laws Influencing Information Security and Privacy in the Financial Sector
    Select one American financial institution that frames your research. Describe the organization, its
    business(es), its scope, and any additional descriptive information that will inform your reader
    about your subject matter.
    Describe and define at least one the laws focused on compliance within the financial sector that
    came up during our course. Research the law itself, any legal cases that were based on that law,
    and the critique of the law that you found through your research. Of course, if your selected
    financial institution was involved in such litigation, or has published their critique, include that
    information too.
    In addition to compliance laws that directly target financial institutions, countless other laws
    apply to them. Use the U.S. Patent and Trademark Office’s website to discover whether your
    selected institution has been awarded intellectual property rights for their trademarks, patents, or
    IP. Describe whether and how it protects its trade secrets. Describe for your reader some of the
    most prominent criminal or tort risks that your entity faces; or perhaps has been involved in.
    In addition to risks in the realms of criminal or tort law, every organization faces the potential
    risk of enduring a cyber-attack or other incident that must be followed by a forensics
    investigation. Keeping the focus on your organization and the financial sector, research and
    discuss an incident or case in which such an institution was compelled to go through the forensic
    investigation process. There are no sectors exempt from those incidents or cases, regrettably, so
    be diligent and you will find one to discuss.

Sample Solution

An organizational change management plan

Overview

You are an HR consultant, contracted by the VP of an LLC in Wilmington, Delaware, to solve their internal challenges. This U.S. office is a branch of a larger Singaporean software solutions organization that has a total of 140 employees and generates $1M in revenue per year. The CEO of this organization, headquartered in Singapore, wants to explore new markets in the United States, gain access to new customers, diversify risk, leverage resources, and increase profits.

Unfortunately, the newly formed U.S. branch has been facing several problems from the beginning.

Employees at the call center and the sales and marketing division are disengaged and emotionally fatigued due to contradictory communication between the branch’s leadership and the leadership at the Singaporean headquarters.
The branch team members feel frustrated and undervalued as a result of conflicting feedback from their VP and management team.
Messages from leadership lack consistency, especially regarding policies and practices related to human resources.
There is no training for team members.
Communication problems between the Singaporean headquarters and U.S. branch are resulting in low employee morale.
Overall, the standard operating procedures (SOP) followed successfully at the headquarters in Singapore could not be replicated at the U.S. branch. As a result, the CEO’s vision of successfully furthering expansion into the U.S. market remains unfulfilled.

Your goal as an HR consultant is to create a change management toolkit that includes the following:

A needs assessment or change readiness audit
An organizational change management plan
A change management communication plan
A letter recommending strategies to ensure that the changes and their benefits are retained
Part 1: Submit a 7- to 9-page Word document with 12-point Times New Roman font, double spacing, and one-inch margins. Sources should be cited according to APA style.

Refer to the Case for Change Guide and other company data, such as the Leaders’ Self-Evaluations, the Vision, Mission, and Strategic Goals document, and the Employee Engagement Survey (all linked below in Supporting Materials). Ensure that the report details the pre-implementation and implementation phases of the change management plan.

Specifically, you must address the following rubric criteria:

Identify two key stakeholders or sponsor roles for the change process from the Singapore headquarters and the U.S. branch.
Refer to the Leaders’ Self-Evaluations document for additional context.
Discuss the significance of each stakeholder’s role in gaining buy-in, acceptance, and support for change across departments.
How can each stakeholder improve the change initiatives’ likelihood of success (for example, by acting as opinion leaders, connectors, counselors, and journalists)?
Identify strategic goals that align with the change management plan and provide rationale. Consider the following in your response:
Refer to the Vision, Mission, and Strategic Goals document; U.S. Branch Overview; and Leaders’ Self-Evaluations.
Ensure there is alignment of the change management plan with the strategic goals of the organization (Singaporean headquarters and U.S. branch).
Research emerging trends that could influence employees of the U.S. branch.
Explain how improvements to organizational systems can ensure successful and sustained behavioral change.
Refer to the Exit Interviews to identify the areas of change.
What are the processes, procedures, or policies that need improvement?
How will these improvements impact behavioral change of employees at the U.S. branch?
Recommend enhancement strategies for team collaboration.
Refer to the Exit Interviews and the Leaders’ Self-Evaluations to identify the problems of team collaboration.
What are the reasons for the lack of collaboration between team members across both locations of the organization?
How can an individual performer become a team player to improve team collaboration?
How should leadership behavior change to build trust?
Determine a change management model that can be used at the U.S. branch and provide justification.
Based on your evaluation of the challenges that the U.S. branch is currently facing, choose from the following change management models:
Kotter’s Change Management Model, Lewin’s Change Management Model, or the ADKAR Change Management Model
How would you use the model you chose at the U.S. branch?
Describe the steps needed to implement the change management model at the U.S. branch. Support your response with research.
How would you mitigate and remove any roadblocks in the change management process?
What are your plans to deal with the impact of planned and/or unplanned changes and any contingencies?
What milestones need to be accomplished for change implementation to succeed?
How would you measure success on your plan?

Sample Solution

How an MNC finances its operations using capital structure while minimizing its cost of capital.

Discuss how an MNC finances its operations using capital structure while minimizing its cost of capital.

Discuss examples of successful and unsuccessful international mergers and acquisitions. What factors made each case successful or unsuccessful? Was there expected synergy? Did synergy materialize?

Sample Solution

Balancing and managing the complex demands of HSOs

While health care administrators are tasked with balancing and managing the complex demands of HSOs, the work is not over once strategies are in place to maximize performance and contribute to sustainable business practice. Continuous monitoring and evaluation are necessary components of successful process improvement and of determining approaches to propelling the organization forward. Thus, performance measurement and evaluation is crucial not only for supporting HSO functions but also for fostering an environment that is sensitive to and mindful of change for promoting organizational success.

This week, you explore performance measurement methods used by integrated systems and HSOs. You also examine Baldrige criteria for HSOs and consider how health care administrators might implement strategies for and approaches to receiving Baldrige criteria.

What does it mean to achieve performance excellence in an HSO? What types of leadership approaches and strategies might health care administrators adopt in order to propel their HSO toward performance excellence?

The Baldrige Program seeks to improve the performance of U.S. organizations with a supreme customer focus. To that end, the Baldrige Program recognizes those institutions and organizations that demonstrate enhanced competitiveness and adopt commitment to quality and enhanced performance while delivering practices that are “best in class.” Within the context of HSOs, achieving performance excellence as defined by the Baldrige Program indicates an organization has successfully implemented strategies aimed at delivering effective health care in the marketplace and high-quality, successful business practices for sustainable success.

Describe the HSO you selected and explain which Baldrige criteria you will use to evaluate the HSO.
Evaluate the strengths and weaknesses of your HSO according to your selected Baldrige criteria. Be specific and provide examples.
Explain what steps are needed for the HSO to qualify for Baldrige recognition. Be sure to include how you would implement these steps and why these steps are important for meeting the Baldrige standards.
Describe what challenges you would expect to encounter when preparing the HSO for Baldrige recognition, and explain why you would expect these challenges.
Explain what action steps you would recommend as a current or future health care administrator to address the challenges previously described.

Sample Solution

Knowledge management systems

It is widely known that knowledge management systems are key to success in multinational companies. Imagine that you are vice president of a company that is ramping up to go global.

Your task is to design a comprehensive best-practices policy list for managing existing knowledge and any new knowledge as it becomes available. The best-practices policy should include a task list that will help your company to handle unexpected events such as earthquakes, demonstrations, and bomb threats as well as mundane issues of conducting business in any country or countries into which you will be expanding. The policy list should also take any unique challenges that your company may face into account.

Please choose one of the following industries for this assignment:

Jewelry.
Apparel.
Chemicals.
Consumer electronics or electronic components.
Medical supplies or equipment.
Bins, totes, crates, material handling.
Food products.
Pharmaceuticals.
Children’s clothing, toys, and other products.

Design a comprehensive best-practices policy list that includes policies on the following:
Sanitation (hand washing, toilet facilities, etc.).
Eating and drinking (at desks, on the company grounds, inside in the manufacturing area at designated locations, etc.).
Conflict resolution (mediation and/or arbitration with designated mediator on staff, etc.).
In-house team leadership and meeting management (e.g., minimum meeting times, scribes, appointed leaders).
Online team (24-hour coverage on phone due to time differences, etc.).
Security (e.g., leaving doors open, locks, key return policy for departing workers).
Emergency evacuation procedures.
Determine the key benefits of creating such policies. Provide a rationale for your response.
Speculate on the major ramifications if such policies are not created. Provide a rationale for your response.
Predict the significant ways in which the best-practices policy that you created will contribute toward the long-term sustainability of the company. Provide a rationale for your response.
Determine whether your best-practices policy would provide a competitive advantage over other international companies. Provide one example of a company’s best-practices policy to support your response.

Sample Solution

Corporate Finance

For the purpose of this assignment, a project is defined as any endeavor that had a capital outlay. Pick a project you have recently completed or one you would like to complete in the near future. This could be a project in your home, place of work, or even church or other organization with which you are familiar. Respond to the prompts below.

Introduce your project with a reflection on the importance of selecting the right projects in which to invest capital. Do we always select those projects that have the highest return on investment (ROI)?
Describe the relationship between risk and return and how you would measure for both in your project. What other factors play into capital budgeting decisions?
Explain how you would calculate the weighted average cost of capital (WACC) and its components for your project.

Sample Solution

The risk of adverse exchange rate shifts on financial performance.

Discusses several strategies for competing internationally, some of the benefits of entering foreign markets, and using location to build competitive advantage.
However, there are also many inherent risks risks when operating in foreign markets.
Two key risks for firms operating in the global economy are:

The risk of adverse exchange rate shifts on financial performance.
The risk of tariffs imposed by some countries that impact the cost of goods sold and/or transferred.
Companies can decide to either ignore the impact of exchange rate changes and tariffs, or attempt to adapt their strategies and decisions to try to capitalize on favorable exchange rate changes and tariffs and minimize the adverse impact of unfavorable exchange rate changes and tariffs.
Please answer the following questions for the competitive footwear industry that you are participating in as part of the BSG simulation for your DB post:

What are two advantages and two disadvantages of a firm taking a “passive” approach to exchange rates in the footwear industry?
What are two ways in which a company can utilize geographic differences in import tariffs to it’s advantage in the footwear industry? What are two key risks of this approach?
Note: Please make sure that you do not reveal any of your team’s “competitive strategies” in your postings above, and instead, just discuss within the scope of the overall Footwear industry.

Sample Solution

Human Resources Management in the organization system

Evaluate the value of Human Resources Management in the organization system

P​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​repare a 4- to 6-page case analysis on the topic of strategic management and why it is critical to the success of an organization in meeting its goals and mission. In your analysis, respond to the following question: What is strategic management, and why is it critical to the success of an o​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​rganization in meeting its goals and mission? Your analysis of this case and your written submission should reflect an understanding of the critical issues of the case, integrating the material covered in the text, and present concise and well-reasoned justifications for the stance you tak​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​e

Sample Solution