Strategy Research Paper Example | Topics and Well Written Essays - 500 words

Strategy - Research Paper Example It has a special program for its employees through which they can benefit. Exclusive health care plans and retirements plans are examples of such programs which are being implemented by JPMorgan Chase. These programs are the ones which are helping JPMorgan Chase to attract employees in their bank and lower the chances of competitiveness in the industry. Regardless of the ease of entry for competitors and new businesses in the industry, JP Morgan has competitive advantage over them due to its strategies and reward systems. Competitive Rivalry :- It is seen that the industry in which JPMorgan Chase exists is a market in which many of the organizations exist together. This is a reason because of which JP Morgan Chase has to face immense competition. But in order to tackle this rivalry it is seen that JPMorgan is continuously implementing new strategies so that the rivals do not get a chance to affect their position in the market. These innovative techniques are unique in the industry be cause of which the customers are being attracted towards it. A new innovative feature launched by the company is related to mobile deposition through which people who own I-phone can directly deposit funds into their account through their mobile phones.