American Express

 

1. Summarize the historical development of the company.
2. Identify the existing vision, mission, and objectives.
3. Construct the current performance levels—financial and market share–of the company.

Sample Solution

American Express

In1850, America Express was started as an express mail business in Buffalo, New York. It was founded as a joint-stock corporation by the merger of the express companies owned by Henry Wells and William Fargo [wells & company]. International expansion continued with the opening of offices in other Europeans countries including England [1896] and Germany [1898], and in the early 1900s the company began offering services to other countries like Egypt, china, and India [our story, April 12, 2015]. The American express’s vision of providing the world’s best customer experience every day, and its mission of becoming essential to their customers by providing differentiated products and services to help them achieve their aspiration is still effective. That said, American express has reason to believe it can sustain its growth in the near future, and its share price trades at a fairly modest 16.9 times earnings, which makes it a good buy. It also pays consistent dividend that currently stands at 1.27%.

During 1999, bilateral relations received a momentous increase when President Musharraf became took the reign of Pakistan in October 1999. He was a great admirer of Mustafa Kamal Ataturk, the founder of modern Turkey, whom he idealized as a model statesman. Exchange of frequent visits by high-level authorities was the ample proof of the growing relationships between these two countries. President General Pervaiz Musharaf visited Turkey in November 1999. The purpose of this visit by the President was to brief the Turkish leaders about the change in the political scenario in Pakistan and improvement in bilateral relations. Since then a number of high-level bilateral visits have taken place. During the meeting in these visits a unanimous opinion was developed on different regional and international issues was made. (Hussain, 2008).

During 1999 General Parvez Musharaf was appreciated that the Turkish companies’ participation in development of infrastructure and invited Turkey to bring more investment in this field. The need to discover new horizons and augment bilateral trade was also stressed. Incidentally, Turkish investment in infrastructure projects in Pakistan amounted to about US $ 1.6 billion, while the trade between two countries was around $ 133 million (Pakistan Foreign Relations, 1998-99).

At that time the Turkish special Ambassador Candan Azer visited Pakistan in February 2000 to communicate a message of Turkish President to the Chief Executive of Pakistan. Turkish Minister of State and Chairman Turkey-Pakistan Joint Ministerial Commission also visited Pakistan from 10-14 April 2000. Further inaugurating Chashma Right Bank Canal Project (awarded to a Turkish firm), he made depth discussion with the Pakistan’s Minister of Commerce and Communication. At the same time Pakistan-Turkey Military Consultative Group hold on its 11th meeting at Rawalpindi in November 2000. A high-level Tu

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