Real World Situations

Introduction3

Discussion3

Legal, social, and economic environment3

Managerial, operational, and financial issues5

Company Culture and Performance5

Promotion Policies5

Strategic Decisions Making5

Decision-Making Style5

Management Style6

Leadership Style6

Use of SWOT Tool7

Operations Strategy Framework8

Conclusion9

Dynamics of Social Interaction

Introduction

This assignment is the subject matter to research the business elements of two of the companies in the industry of payment processor. Payment processor or payment processing center operates all the credit card transactions and work as a third party associate. WorldPay and Wally Card are two prime companies in this industry to discuss various measures that include strategic business decisions, competitive analysis, external conditions, SWOT, and PEST analysis to illustrate information on three fundamental sections:

Legal, social, and economic environment.

Managerial, operational, financial issues.

External conditions for potential change factors in management and organization.

Discussion

The formation of independent sales organization (ISO) is the simplest and profitable way to transform a payment-processing business to intend merchants to create alliance and route their debit and credit payments in the company. This section reflects on the business practices and environmental analysis to understand the competitive and strategic nature of the payment processing industry (Gibb & Buchanan, 2006).

Legal, social, and economic environment

Payment processing industry must analyze the cost of legal documents to run all the operations of their enterprise. Law practices should be enabled to accept major debit and credit card payments. The establishment of legal presence for business through DBA (also known as doing business as) which permits an entity to involve in business transactions by creating a limited liability.

The purpose of studying social environment is to improve the understanding of cost of various payment instruments for both companies. WorldPay is global leader in payment processing system. WorldPay and WallyCard rely on similar philosophy to help banks, retailers, and policy-makers to create effective payment services. WorldPay trigger a fruitful and comprehensive framework to create suitable and well-structured policy to adapt payment instruments for enhancing social welfare and realizing prospect for saving cost within the transaction value chain.

The biggest and most significant concern of WorldPay is to survive and grow in the current economic environment. The historic times of this payment processing company reveals that Alistair Grant, employed as a mobile locksmith in this company, planned to open his entity to provide permanent business location to his customer base. The incorporation of technology helped him to eradicate the additional burden of paperwork through the introduction of receipt acceptance by cellular text message.

WalleyCard has established a business from series of opportunity and challenges. They have turned the lucrative audience comprises of teen into promising paying customers. WallyCard tried to regulate the economic environment through their revenue model. Transaction fees, sale of teenage consumer data (opt-in basis), and private label clients are sources of revenue for WallyCard. The very first round of financing for them is three million dollars ($3 million) which is the thirty times return on the initial investment. The offering of WallyCard also consists of exit plans that include initial public offering through Internet Commerce Company or purchase by a financial ...