Tri-Cities Community Bank – A Balanced Scorecard Case By Tom Albright‚ Stan Davis‚ and Aleecia Hibbets Case A. Balanced Scorecard Development Tri-Cities Community Bank (TCCB) is located in the Midwest US and has a total of 10 branches grouped into two divisions‚ the southern division (SD) and the northern division (ND). Each division consists of five branches; each branch employs a branch president‚ branch vice-president/chief loan officer‚ customer service representatives‚ loan
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Functional Areas This is also known as the different departments within the business What different functional areas/departments do think most businesses Marketing have? Finance Sales Human Resources Administration Research and Development Production Customer service What do you think each of the following departments do? Marketing Finance Sales Human Resources Administration Research and Development Production Customer services Marketing and sales
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Master Budget Master Budget Definition The master budget is the aggregation of all lower-level budgets produced by a company’s various functional areas‚ and also includes budgeted financial statements‚ a cash forecast‚ and a financing plan. The master budget is typically presented in either a monthly or quarterly format‚ and usually covers a company’s entire fiscal year. An explanatory text may be included with the master budget‚ which explains the company’s strategic direction‚ how the master
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Meaning and Need for Budget Everyone is familiar with the idea of a budget because it is essential in every walk of our life – national‚ domestic and business. A budget is prepared to have effective utilisation of funds and for the realisation of objectives as efficiently as possible. Budgeting is a powerful tool to the management for performing its functions (i.e.‚ formulating plans‚ coordinating activities and controlling operations etc.) efficiently. CIMA London defines budget as‚ “A plan quantified
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entitled "The Three Kinds of Illiteracy" he describes the three different types of illiteracy. Nash explains in detail cultural‚ moral‚ and functional illiteracy in his article. Cultural illiteracy defined by E.D. Hirsch Jr. is to possess the basic information needed to thrive in the modern world (Nash). Moral illiteracy is not being taught or lacked the education and understandings in religious or spiritual beliefs (Nash). Functional illiteracy refers to the inability of an individual to use reading‚
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FUNCTIONAL IMPLEMENTATION Functional plans and policies are the sole responsibilities of the managers and they are responsible for the implementation of plan and policies to be adopted by the organization. And strategist needs to direct them properly to achieve the set goal. Functional strategies are the same as functional plans and policies‚ which are the actual plans to implement organizations strategies. Therefore functional plans and policies are operational plan and tactics to make a strategy
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FUNCTIONAL STYLISTICS Functional stylistics is a branch of linguistics which studies functional varieties of the literary language determined by specific spheres and aims of communication. In modern society every person constantly finds himself in regularly recurring situations typical of the given culture‚ in which he has to play a definite social role‚ i.e. to behave according to norms accepted in the given society for such situations. One of the manifestations of a social role of
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NTPC (NATIONAL THERMAL POWER CORPORATION) INTRODUCTION: NTPC Limited is the largest thermal power generating company of India. A public sector company‚ it was incorporated in the year 1975 to accelerate power development in the country as a wholly owned company of the Government of India. At present‚ Government of India holds 89.5% of the total equity shares of the company and the balance 10.5 is held by FIIs. Domestic Banks‚ Public and others. Within a span of 31 years‚ NTPC has emerged as
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FUNCTIONAL FOODS BY SHALU SINGH ABSTRACT Functional foods prevent many chronic diseases like Cardio- Vascular Diseases (CVD)‚ Cancer‚ Obesity‚ Alzheimer’s disease‚ etc. Dairy products‚ such as milk‚ cheese & yoghurt are among the best sources of several important vitamins like vitamin D & riboflavin and minerals specially calcium & phosphorus. Calcium‚ for example‚ prevents possible
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Functional Conflict Functional conflict within a team can be defined as the process by which diversities and misunderstandings arise in a workplace‚ including the processes to resolve them. These differences cause friction between members and hinder (or completely halt) performance. Functional conflict consists of managing these misunderstandings‚ viewing the areas of collision from another’s perspective‚ compromising on the disagreement and becoming more sensitive to team issues in the future
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