The Effect of Internet Technology on the Retail Banking Sector Assignment

The Effect of Internet Technology on the Retail Banking Sector - Assignment Example Money too has moved from plastic cards to a form called "e-cash", "e-money" that is highly portable and tradable over the Internet with its attendant risks and advantages. Transaction costs-the hitherto hidden but significant costs of doing business in the past, have come crashing in the Internet Age. In this paper, we examine Williamson's Transaction Cost Economics (TCE) and use it to analyze the impact of Internet Technology on the retail banking sector. Built into Internet technology are features that accelerate information availability, make information "Always Available" to the consumer and almost always secure and private. In this essay, we define "Internet Technology" broadly and "Retail Banking" and its services. We then proceed to explore further in depth the developments in Internet Technology in the last 10 -15 years that have led to the development we call "Internet banking". We then focus our attention on the "retail banking" sector of Internet banking. We use transaction cost economics (TCE) to analyze the "effect" of Internet technology on the retail banking sector. In this analysis, we highlight the benefits, threats and challenges and take a futuristic tour of the direction of Internet banking in the next ten years and its sociological effect on a new meaning of transaction costs. In this section, we define the Internet, Internet technologies and retail banking and take a survey of developments in the past ten years in Internet technology as it relates to banking in general and retail banking transactions in particular. 2.1 Internet Technology The Internet is defined by Webopedia (2006) as "a global network connecting millions of computers" The University of California at Berkeley (UCBerkeley, 2006) provides this definition: "The Internet is a network of networks, linking computers

Perception of female leaders Thesis Example | Topics and Well Written Essays - 250 words

Perception of female leaders - Thesis Example This ideal would be wrongfully assumed to be true in general. In the same way that it is erroneous to presume that the current position of women has continued to progress backwards. In many industries it would be accurate to suppose that the trend of having ‘boy’s clubs’ is still at play. Businesses such as Information Technology and others that are similar in nature are well regarded as a majority men’s field. The ratio of men to women in population would no doubt be in favor of men. In such cases, it can be assumed that women will have a more arduous task in proving themselves in the workplace before they can gain the respect and opportunity to work in a higher position. This difference in gender is something that cannot be disregarded as such remains to be an underlying factor in and thus regarded deliberately in this paper. Women are identified towards what can only be regarded as instinctive leadership style in comparison to a more practical problem solving approach employed by men. This is not to say that one is extensively better than the other or vice versa. What it merely indicates is that there is a difference, nothing more and nothing less. Men and women are coexistent upon one another and both are fundamental in the workplace and in the broader spectrum of life. This is to say in a deductive manner that as constantly and as our creation suggests that men and women complement each other. In history, as the man hunts, the woman prepares the game and serves it to the family. Suppose that in the present the woman hunts and proves that she is as efficient, would her labor be regarded as any different? The answer is obvious and the answer is no. Just as the man was able to provide food in the table, the woman, in however diverse her hunting style may be supplied the same and equal nourishment for the household. If she turns out to be a good