Preview

Victoria Bank Case

Powerful Essays
Open Document
Open Document
4916 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Victoria Bank Case
* The Victory Bank Case

Vlissingen 2010

* Content
The Victory Bank Case 1
Content 2
List of Figures 4
Preamble 5
1 Company Description 6
2 Current Situation 10 2.1 CRM Vision 10 2.2 CRM Strategy 11 2.3 Valued Customer Experience 13 2.4 Organizational Collaboration 13 2.5 CRM Processes 15 2.6 CRM Information 17 2.7 CRM Technology 18 2.8 CRM Metrics 19
3 The Main Challenges 21 3.1 Database 21 3.2 Employees 21 3.3 Market position 21 3.4 Extending market presence 22
4 Kapitel 23 4.1 Unterkapitel 23 4.1.1 Unterpunkt 23 4.1.2 Unterpunkt 23 4.1.3 Unterpunkt 23 4.2 Unterkapitel 23 4.2.1 Unterpunkt 23 4.2.2 Unterpunkt 23 4.2.3 Unterpunkt 23
5 Conclusion 24
6 List of Literature 25
7 Appendix 26

* List of Figures
Text

* Preamble
This paper deals with a Bank Case. All the information is based on an invented case. The objective is to analyse the current situation, finding out their problems and in order to that coming up with a suitable strategy to solve the problems regarding Customer Relationship Management.
The first chapter deals with the current situation. The positive and negative aspects will be listed. The outcome of this is a conclusion. This will lead to the main challenges the Victory Bank has to deal with which is described in the second part of the work.

Company Description
In 1999, Victory Groep operated a re-organisation of Victory Bank and since then realized that the actual situation is getting worse and worse.

Product and service description
A distinction in customers is made by the Victoriebank in the next 5 groups: * Basic Private customers * Top Private customers * Top Plus Private customers * Corporate customers * Large Corporate customers

All the 7,012 customers of Victoriebank are divided in one of the group according to criteria set by the board of directors. These selection criteria per group are: * Basic Private

You May Also Find These Documents Helpful

  • Powerful Essays

    Express Tax Services is a tax preparation company that caters to individual customers and small businesses. Express Tax Services has ten offices located in the city of Anytown, USA. Express Tax Services uses an individualized approach with each customer, therefore allowing the customer to achieve his or her desired goals in regards to tax preparation services. We also provide the customer with convenient, expedient yet accurate preparation of their tax return through offering various services such an online tax preparation.…

    • 4326 Words
    • 18 Pages
    Powerful Essays
  • Satisfactory Essays

    Bbva Bank Case

    • 558 Words
    • 3 Pages

    This case shows how a large corporation can appreciate innovation as their new organizational culture. For a bank that based its expansions on geographical spread, mergers & acquisitions & revenue growth, to change to a culture based on innovation is not an easy task but is a step in the right direction. However, with the advent of the financial crisis in 2008, consumers have lost faith in financial innovations and it would take BBVA time & resources to instill consumer confidence & trust in innovation in the banking industry.…

    • 558 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Commerce Bank Case

    • 2404 Words
    • 10 Pages

    They emphasize the importance of keeping their customers happy on a day-to-day basis. They have established practices that are out of the norm for the banking industry. These practices include: extended hours, coffee and newspapers in the waiting lobby, inviting locations, phones in their ATM machines and even a bright-red Penny Arcade in their lobby! Through these practices Commerce’s goal has been to bring the retail experience into all of their branches. Looking at the banking industry using Porter’s Five Forces Model, it is clear that the industry is very competitive. There is a very high degree of rivalry caused by local and international banks along with credit unions which are favored by a substantial number of customers. Commerce is also facing an increasing potential of new entrants into their competition because other banks have started to assimilate their customer-centric practices. Additionally, Commerce has to face the reality of technology slowly becoming a threat in what’s evolving into a “self-service” world. As a supplier, the bank has less bargaining power than the customer due to the minimal costs involved in switching banks and the large number of banking options available to the…

    • 2404 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Banc One Case

    • 605 Words
    • 3 Pages

    Like the table shown above, the bank was said to be asset sensitive (i.e., for a given year, there are more assets than liabilities subject to immediate repricing as market rates change, and the earning position would be positive in a rising interest rate environment) if earnings sensitivity was positive, whereas the bank was liability sensitive (i.e., for a given year, there are more liabilities than assets subject to immediate repricing as market rates change, and the earning position would be positive in a declining interest rate environment) if earning sensitivity turned out to be negative. For 0% earning sensitivity, no matter how interest rate shift, no effect on their earning.…

    • 605 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Case Study - Help Desk

    • 1390 Words
    • 6 Pages

    The purpose of this case study is to recommend how to increase the overall effectiveness and improve the planning of the Help Desk business unit for BankUSA. This study will look at what are the service management characteristics of the customer service representative, create a suggested mission statement for the Help Desk and review which forecasting technique is best used by the team.…

    • 1390 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Northwest Bank Case

    • 539 Words
    • 3 Pages

    Analytical procedures are used for many purposes, such as to understand the clients industry or business, assess the entity’s ability to continue as a going concern, and to indicate the presence of possible misstatements. The audit approach for Northwest Bank calls for the audit team to gain assurance on the fairness of loan interest income primarily through the performance of analytical procedures. Additional detailed testing will only be performed if analytical procedures suggest interest income is materially misstated. A misstatement of $525,000 is considered material.…

    • 539 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Victoria Heavy Equipment’s most recent organization has been lacking effective communication practices amongst all of its divisions. The company has been suffering from lack of clear goals in measurable terms, for its divisions. The idea of each division functioning as an independent unit, whether it being cost or profit center, is a remarkable beginning. However, clear goals and key measurable need to be set for each center, which in our case have been overlooked. As a result, many of these centers have over spent, resulting in over expenditures, something we can definitely not afford with anticipated slower market.…

    • 825 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The Australian clothing industry is looking for further export opportunities as a response to increased import competition in Australia, globalisation and technological change.…

    • 2069 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Help on Victoria Case

    • 3641 Words
    • 15 Pages

    2007 from around 25 pence per share at the end of 2006 Morris th believed that the time was…

    • 3641 Words
    • 15 Pages
    Good Essays
  • Satisfactory Essays

    I HAVE REVIEWED THE NARRATIVES PREPARED BY JOE MCSWEENEY FOR THE NEW IT-BASED SALES APPLICATION PACKAGE FOR ST. JAMES CLOTHIERS. THE FOLLOWING ARE SOME CONCERNS, VALUES, AND RECOMMENDATIONS PER YOUR QUESTIONS.…

    • 957 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Pilgrim Bank Case

    • 700 Words
    • 3 Pages

    The 95 percent confidence interval is (Z = 1.96) (n =31634) (σ = 272.84) 108.496 < Population Mean < 114.5094 The variation of the mean is not very large (+-3.01), so sample mean can be assumed to be representative of population mean. Number of offline users: 27781, x1 = 110.79, σ1 = 271.301 Number of online users: 3853, x2 = 116.67 σ2 = 283.66 Z = (x1-x2)-(µ1-µ2)/Sqrt(σ12/n1+σ22/n2) Null Hypothesis: µ1= µ2 Alternative Hypothesis: µ1 =! µ2 Z = -1.212 and Z-critical at 5% level of significance is +-1.96. Since Z lies in acceptance region, the null hypothesis is not rejected. Hence, there is no significant difference in profitability of online and offline users. We run a regression run using online/offline being the independent variable and profitability being the dependent variable. The output summary is: Regression Statistics 0.00705 Multiple R 4.97E-05 R Square 1.81E-05 ` Adjusted R Square 272.8369 Standard Error 31634 Observations ANOVA Df SS MS F Significance F 1 117039.3 117039.3 1.572264 0.209887815 Regression 31632 2.35E+09 74439.99 Residual 31633 2.35E+09 Total Coefficients Standard Error t Stat P-value 110.7862 1.636956 67.67821 0 Intercept 5.880591 4.689842 1.253899 0.209888 X Variable 1 R Square value is very low indicating low predictability of the model. F-value analysis is unable to reject null hypothesis even at level of significance of 0.2. T-stat also is unable to reject the null hypothesis. These indicate that there is no significant cause and effect relation between online/offline user and their profitability. To find the relation between the demographics of the customer and their profitability, we perform a regression analysis. To enable regression analysis, following steps are taken: 1) Independent variables are online/offline, age, Income, tenure and district. 2) Online/offline and age groups are well recoded as numbers. 3) Income and district are not recoded well. For e.g.: Income bucket 2 is…

    • 700 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    This is a report on research on management at ANZ bank New Zealand. This project is a part of subject NZDB530. Today I will discuss about the different organisational roles at ANZ bank. The report will cover whole the process which are done daily by the organisation to maintain their position and to fulfil the needs of customers. I will elaborate the purpose of organisation and the roles of management for e.g. informational, decisional, and interpersonal. There are various types of professional skills which are used in daily management. It will include the process of task focus and efficiency and effectiveness of the organisation. Moreover I will show different functions of internal and external factors which are related to the people and system We will discuss today about the change management framework that how it effects the entire organisation about ANZ bank New Zealand…

    • 2183 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Barings Bank Case

    • 402 Words
    • 2 Pages

    4.Why did Barings and its auditors not discover that the error account was used 
by Leeson for unauthorized trading?…

    • 402 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    This report is being assigned as a part of the Degree BBA 499A, (Internship). To prepare this report under the state of University’s requirement, I accommodate my internship program in Standard Chartered Bank. For the completion of the course, as an essential part I had prepared Report. This report is being formed on the most vital issue which is Customer Tracking and Product selection process. At the very beginning of my internship I have studied different functional departments of the organization. By going through all the departments I have chosen the solution delivery department for my study and analysis.…

    • 10139 Words
    • 41 Pages
    Good Essays
  • Satisfactory Essays

    Paper

    • 512 Words
    • 2 Pages

    The issues that are going to be studied are the factors that affect waiting time at a Bank service line. Some of the consequences of long wait time are customer irritation and employee frustration, which leads to a bad reputation for the bank. The motivations for this research are the improvement of service time, increase in the customer satisfaction and better corporate reputation. This proposal comprises the purpose of the project, target population and limitations for research, an explanation of the approach, and the expected results.…

    • 512 Words
    • 2 Pages
    Satisfactory Essays