Synopsis
Banc One Corporation is the largest regional bank holding company headquartered in Ohio, as one of the most typical regional banking in the United States with $76.5 billion of asset base. By differing from the organization structure of other tranditional bank holding corporations (in which the parent controlled all its subsidiary banks), Banc One Corporation has a typical corporate structure known as three-tiered organizational structure. This structure allows the parent company, Banc One Corporation controlled 5 state bank holding companies, and in turn, these state banks owned 42 subsidiaries or affiliates. Therefore Banc One Corporation actually owned a large branch of banks and a aggregate of 78 banking affiliates through its Regional
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● Decentralize “people” side of the business: Delegating the decision-making and operational responsibilities to affiliates managers to gain a better knowledge about local customers and local markets. Without removing the management team of target companies acquired
● Centralize “paper” of the business: Such as data processing, back office operations and record keeping activities. Requiring highly investment on its computer and information system.
● Over time, massive investment has made in its technology and information systems to support the strategy on the belief that information played a vital role for such a decentralization structure. The Management Information and Control System were used in collecting useful information and then disseminating back: all affilates have to input their performance results and revised budgets frequently and receive a full report summarizing comparative statistics by ranking their relative performance in return.
● Promoting healthy competition among banking affiliates and incentivizing all affiliates managers to share information about effectively marketing of bank products or
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Initially the share was trading at $48 and then it dropped to $36 in November 1993. Finally, Banc One’s share price was very close to the walkaway value of $34.55. If it was below $34.55 when the deal was expected to be finished on the second quarter of 1994, the deal would be either cancelled by Liberty National or end up by paying with undervalued stock by Banc One. Thus, a low stock price would negatively affected the pending accusation of Liberty National Bancorp.
The most important reason among various factors that casue a falling share price is investors growing concern over huge utilization of interest rate derivatives.
● Investors are not comfortable with so much derivative exposure.
● Banc One has already pre-empt concern over its growing derivative portfolio as a means to get rid of interest rate risk.
● derivatives especially swaps are too complex and beyond the knowledge of investors.
As a result, the investors are valuing Banc One’s share value
The organizational life cycle of Chesapeake Bank is well into the final elaboration stage. The bank has been in business for quite a long time, and has gone...
Globally, banks have been facing big challenges in the last few years and continue to do so. As a result of the financial crisis, the regulators have tightened the minimum capital requirements with the aims to create a more solid and shock-resistant banking system especially for the so called Global Systemically Important Banks (G-SIBs). The Financial Stability Board is expecting to raise the total loss-absorbing capacity
The panic was high, but was lowering because of the work of the bankers, but it was too late to save the market. Come the end of the following Monday the market has dropped down 2.6%, the biggest one-day decline in U.S. history.
...t, and corporate values (Baker College, 2016). It is also critical to understand that strategic plans are not “one time” events. Changes in the economy and market require management to re-evaluate the strategic plan of the organization to ensure the plan is effective and will meet the objectives that have been set (Baker College, 2016). Credit unions and their managers must understand that sales revenue depends on the demand for its products and services. It is crucial that credit union continue to evolve and remain competitive in the financial services industry to continue to grow. Jim Marous, Partner at the The Financial Brand and Publisher of the Digital Banking Report states, “Organizations are responding by making significant investments in core systems replacement, digital channels and data analytics to ensure their ongoing competitiveness” (Marous, 2014).
Asemi observe that Management Information System (MIS) is one of the information systems that is computer based. Besides, Asemi defines MIS as “an organizational method of providing past, present and project information related to internal operations and external intelligences. It supports the planning, control and operation functions of an organization by furnishing uniform information in the proper time frame to assist the decision makers,” (2011). The aim of MIS is to satisfy the general information need of the entire manager in an organization. Before the advent of computers, the process of decision-making was one that was full of built-in advantages and ad hoc methods. Computers technologies have changed the landscape of the decision-making process completely by making the process less demanding and easy to undertake. The reason for this situation is that information technology has made access to information more automated, efficient, effective, timely, and less ambiguous. Consequently, the ordinary t...
The expanding global market has created both staggering wealth for some and the promise of it for others. Business is more competitive than ever before, and every business, financial or product-based, regardless of size or international presence is obligated to operate as efficiently as possible. A major factor in that efficient operation is to take advantage of every opportunity to maximize profits. Many multinational organizations have used derivatives for years in financial risk management activities. These same actions that can protect multinational organizations against interest rate futures and currency fluctuations can be used to create profits for those same organizations.
Regarding the information management, there is little information flow within the region as group companies are located in different countries. Besides, each group company has developed its own information system so it is hard to communicate and share information among them. There is almost no systematic information within the regional company due to the lack of computer support.
Initially the bank’s core banking system was product oriented, but the need of the hour was to develop a customer oriented system, because the challenge is to build customer loyalty, cross sell, and enhance repeat business.
Many factors have contributed to the impressive growth of Korean derivatives market. Some of the main contributing factors are:
The 50 percent ownership of BlackRock Inc., itself having $1.26 trillion in assets on 30th September 2008 would also be a huge asset to BofA. Merrill, because there was not an overlap in the customer base, and more importantly for ML’s global reaches of clients. These add strength to BofA’s debt and equity underwriting, sales and trading etc., making it an opportunity for BofA to expand their horizons.
Therefore, the benefits of good management information are huge for any organization. Information becomes part of the chain of added value. An information management value chain increases the usefulness of information to users permitting them to make better decisions. The value of the MIS in the organization corresponds to the better profits coming from the better decisions the system permits (Cisco and Strong, 1999). Below schematic shows the process and different elements of information value chain (Phillips,
...and ad revenues—think of pointclick.com and others). This affiliate marketing paper has covered a “submodel” – one that fits inside proposition two and proposition three. For readers interested in seeing how much more savvy the field has become, go to the following locations: www.netcentives.com, and www.mypoints.com. Both sites advertise and promote a customer-loyalty, revenue-generating ecommerce solution that reads like an affiliate program on steroids. I suggest delving into both of these sites if readers are interested in seeing the latest tactics for marketing in the business to business and in the business to consumer market.
Ackoff identifies five assumptions commonly made by designers of management information systems (MIS). With these assumptions, Ackoff argues that these assumptions are in most cases not justified cases, and often lead to major deficiencies in the resulting systems, i.e. "Management Misinformation Systems." To overcome these assumptions and the deficiencies which result from them, Ackoff recommends that management information system should be imbedded in a management control system.
The last decade can be marked as a period of significant changes in the business world. Being accustomed to utilize computers as a powerful tool with its office applications such as Microsoft Word and Excel. In the 1990s office workers first faced the opportunity to share information using the Internet (McNurlin, 2009). However, the situation became even more different with the transition to the third millennium. With a further development of information technologies, the majority of big enterprises had to reconstitute their business processes and to make the transition to the Internet economy. Enterprise resource planning (ERP), supply-chain management (SCM), customer relationship management (CRM) software and the variety of other information systems became essential components of the new economy. It can be expected, that all these complex solutions were designed to bring great benefits for different sides of the corporate activity, in particular, decisions made by top-managers are expected to become nearer to the ideal, customer service is to be improved and collaboration more prolific. Nevertheless, to ensure the desired results it should be taken into account that the key concept of these reorganizations is an information or a data, dealing with which can be a serious issue, and wide utilizing of the data warehouses in contemporary organizations confirms this fact.
Over recent years companies have become less dependent on paper and more dependent on technology. Take American Honda Motors for example; the Davenport Parts facility recently converted computer systems to more efficiently manage its inventory. Prior to its new system months of preparation was needed in order to ensure a smooth change over. Without the four basic functions of management all working together success would not have been possible.