The banking sector of the economy essay

In fact, as J. The wealth of the ancient city-states of Venice and Genoa was based on their powerful navies, and treaties with other great powers to control trade.

The banking sector of the economy essay

The following essay was submitted to the Harvard MBA program by our client. The client was accepted to the program. Long Run Objective My long-run objective is to achieve a senior managerial position in a large multinational corporation that markets, or preferably manufactures, commodities.

One of my highest aspirations is to be one of those who establishes, or significantly advances, such a corporation. Therefore, I intend to develop within the scope of one firm. Short Run Objectives Looking ten years back, I view my interdisciplinary experience in business management, army service, political and public positions, and traveling as a part of the solid background that can generate a successful senior manager in a multinational commodities corporation.

To complete my preparation process, my short-run objectives are: First — to acquire quality general academic education in business administration while also mastering the English language. Second — to develop within the scope of one firm. HBS has the qualities that best fit my expectations, objective, and background.

The more I hear and read about HBS — the more I feel I belong there; it is considered the best school in the world for developing general management skills and acquiring management tools in the marketing and consumption areas.

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Graduates gain excellent placement services and leading positions. HBS has no competitors in academic level and in world-wide fame I learned that from talking to people in China, Eastern Europe, and Arab countries.

In conclusion, I believe that studying at HBS will be a great experience. Moreover, it will provide the optimal accomplishment for my first short-term objective, as well as a significant advancement towards achieving my long-term career goal.

Describe your career progress to date and your future short-term and long-term career goals. How do you expect a Wharton MBA to help you achieve these career goals, and why is now the best time for you to join our program? Striving to promote myself within the organization, I wish to become the Vice President of Marketing in the fiber optics segment, supervising several dozens of employees.

My mid-term career goal is to become the founder and CEO of an innovative fiber optics firm.

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I desire to position the company as a profitable, international and leading company in its industry, and aspire to establish a sustainable organization, creating workplaces for thousands of employees and turning an underdeveloped area into a flourishing industrial zone.

After fulfilling this career goal, I intend to follow the growing trend of successful executives who moved to the public service sector. I chose my first full time position in the Optronics Division at the military because I knew it will introduce me to the diverse optical communication community in my country, equipping me with basic hands-on experience in the field.

There I set the goals, supervised and directed 9 Project Mangers in optical projects performed by 7 different companies in the defense industry.

One year later I was appointed to a Team Leader where I commanded a team of 8. Two years later I was promoted to Project Leader. I understood I lacked the financial and international experience of technological project management to lead a global optical communication company. I then became an Entrepreneur in Residence EIR in Precede, an entrepreneurship and investment firm, in hope to learn more about becoming an entrepreneur.Role of Banks in an economy -- article/essay Sambasivan S.

PM descriptive paper. The British government began to pay attention towards the need for an organised banking sector in the country and Reserve Bank of India was set up to regulate the formal banking sector in the country.

The banking sector of the economy essay

But the growth of modern banking remained slow. The Value of Nothing, Raj Patel, July 28, Flawed assumptions about the underlying economic systems contributed to this problem and had been building up for a long time, the current financial crisis being one of its eventualities.

The role of banks in economic development is to remove the deficiency of capital by stimulating savings and investment. A sound banking system mobilizes the small and scattered savings of the community, and makes them available for investment in productive enterprises.

Some inequality of income and wealth is inevitable, if not necessary. If an economy is to function well, people need incentives to work hard and innovate. Enter your email address to subscribe to Insights IAS and receive notifications of new posts by email. Featured.

How can you improve yourCareer Goals MBA Essays? The role of banks in economic development is to remove the deficiency of capital by stimulating savings and investment.
Introduction of Banking Sector - Sample Essays One of the major considerations that led to the nationalization of the fourteen major commercial banks of India in was the fact that banks, in general, had been negligent of the vital priority sectors of the economy, viz.

McKinsey Global Institute Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy.

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