Greetings can someone please assist me with these Management case study questions. Thank you in advance QUESTIONS (CASE
Posted: Thu May 26, 2022 8:55 am
Greetings can someone please assist me with these Management
case study questions. Thank you in advance
QUESTIONS (CASE
STUDY: Chapter 6 Page 138-140 )
1.To start Tyme bank, what type of decision did African Rainbow
Capital Investments (ARC Investments) make and under what condition
is this decision typically made? Motivate your answer.
2. Apply the steps of rational decision-making to the decision
of the CEO Tauriq Keraan to launch an account for small businesses,
responsibly offering consumers unsecured credit.
3. Apply the steps of rational decision-making to the decision
of a consumer at Absa who is unhappy with the fees to switch to
Tyme Bank.
4. During step three of the decision-making process the consumer
decides to use the weighted average model. Based on the information
below, which bank will be the best for the consumer?
Academy 75-90. Nutt, P.C. 2004. Expanding the search for alternatives during strategic deci- sion-making. Academy of Management Executive, 18(4): 13-28. CASE STUDY: NEW DIGITAL BANKING IN SOUTH AFRICA Sou Bus Tym Van The past decade has seen major digital transformations for most industries (if not all indus- tries). In the banking sector, due to the data-intensive and time-sensitive nature of its oper ations, the digital transformation has put enormous pressure on innovation. It is the highest priority (and challenge) for banks to improve and expand business processes continually with digital adoption. If banks do not keep up with the digital transformation, they can very quickly become obsolete owing to intense competition from players around the world. TymeBank, owned by African Rainbow Capital Investments (ARC Investments), is South Africa's first digital bank to be launched, with an EveryDay transaction account on which Co 1. nic SCC do do
dis DECISION-MAKING line with no physical bank branches. TymeBank works in partnership with Pick n Pay and no monthly bank charges are payable. What is a digital bank? Everything happens on- access these banking services. At most Pick n Pay and Boxer stores there is a TymeBank Boxer supermarkets, providing physical spaces (through kiosks) for the bank's clients to to their nearest Pick n Pay or Boxer store where there is a trained employee ready to help mini-bank. If consumers experience problems, they can contact TymeBank directly or go every day. At these stations, consumers can use Wi-Fi at no extra cost, which reduces the consumers total banking costs even further. Consumers have to pay for online banking at other banks at their own expense. There are no monthly bank charges and consumers work on a pay-as-you bank system which basically means that there are no monthly bank account fees but there is an administrative fee, R2 per deposit and R4 per withdrawal at a other banks' ATMs. TymeBank has seen a huge opportunity in the market, not only for affordable banking, but also for accessible banking. TymeBank's mission is: To make meaningful financial inclusion by making banking more accessible to all South Africans. Thus, TymeBank seeks to make banking more accessible to the lower class and even those who are between professions, currently unemployed or do not have a formal address. Since February, with the launch of TymeBank in the South African market, to date they have opened accounts for more than 330 000 consumers. Of these consumers, 26% are between the ages of 36 and 45 and 14% are between 46 and 55 years old. These figures indicate that it is not only the youth who use this new technology. For the most part, consumers opened accounts at the Pick n Pay or Boxer stores' kiosks (78%), while 22% opened accounts online through the bank's website. for CO To open a TymeBank bank account a consumer logs in online through the TymeBank website. This process is incredibly simplified by using eFica. TymeBank only needs an ID number and a cellphone number for verification purposes. lo activate and obtain the debit card, the customer must go to the nearest Pick n Pay or Boxer store with a TymeBank kiosk. The customer must take his or her cellphone with the number registered on the website machine at the kiosk prints the debit card (free) with all the customer's details. This whole to the kiosk. At the kiosk, fingerprints must be scanned, the account verified and then the process takes less than 10 minutes (although Pick n Pay states in their marketing commu- scanning, verification and card printing take about 4 minutes. After that, a customer can nications that it takes 5 minutes), online registration takes about 3 minutes and fingerprint download the application from the Google Play Store or the Apple App Store. If a customer has a SmartShopper loyalty card at Pick n Pay, he or she will receive double points when the TymeBank bank card is used as a payment method. port/economy/tymebank-sas-first-digital-bank-is-officially-live-19514418 (accessed on 29 May 2019), Business Report 2019, TymeBank, SA's first digital bank is officially live. https://www.iol.co.za/business-re nk.za/about (accessed on 29 May 2019). forhesgfrica.com/ Vanek, M. 2010 lyme Bank 2019. About us, 2019 http Sources:
case study questions. Thank you in advance
- Greetings Can Someone Please Assist Me With These Management Case Study Questions Thank You In Advance Questions Case 1 (82.83 KiB) Viewed 12 times
STUDY: Chapter 6 Page 138-140 )
1.To start Tyme bank, what type of decision did African Rainbow
Capital Investments (ARC Investments) make and under what condition
is this decision typically made? Motivate your answer.
2. Apply the steps of rational decision-making to the decision
of the CEO Tauriq Keraan to launch an account for small businesses,
responsibly offering consumers unsecured credit.
3. Apply the steps of rational decision-making to the decision
of a consumer at Absa who is unhappy with the fees to switch to
Tyme Bank.
4. During step three of the decision-making process the consumer
decides to use the weighted average model. Based on the information
below, which bank will be the best for the consumer?
Academy 75-90. Nutt, P.C. 2004. Expanding the search for alternatives during strategic deci- sion-making. Academy of Management Executive, 18(4): 13-28. CASE STUDY: NEW DIGITAL BANKING IN SOUTH AFRICA Sou Bus Tym Van The past decade has seen major digital transformations for most industries (if not all indus- tries). In the banking sector, due to the data-intensive and time-sensitive nature of its oper ations, the digital transformation has put enormous pressure on innovation. It is the highest priority (and challenge) for banks to improve and expand business processes continually with digital adoption. If banks do not keep up with the digital transformation, they can very quickly become obsolete owing to intense competition from players around the world. TymeBank, owned by African Rainbow Capital Investments (ARC Investments), is South Africa's first digital bank to be launched, with an EveryDay transaction account on which Co 1. nic SCC do do
dis DECISION-MAKING line with no physical bank branches. TymeBank works in partnership with Pick n Pay and no monthly bank charges are payable. What is a digital bank? Everything happens on- access these banking services. At most Pick n Pay and Boxer stores there is a TymeBank Boxer supermarkets, providing physical spaces (through kiosks) for the bank's clients to to their nearest Pick n Pay or Boxer store where there is a trained employee ready to help mini-bank. If consumers experience problems, they can contact TymeBank directly or go every day. At these stations, consumers can use Wi-Fi at no extra cost, which reduces the consumers total banking costs even further. Consumers have to pay for online banking at other banks at their own expense. There are no monthly bank charges and consumers work on a pay-as-you bank system which basically means that there are no monthly bank account fees but there is an administrative fee, R2 per deposit and R4 per withdrawal at a other banks' ATMs. TymeBank has seen a huge opportunity in the market, not only for affordable banking, but also for accessible banking. TymeBank's mission is: To make meaningful financial inclusion by making banking more accessible to all South Africans. Thus, TymeBank seeks to make banking more accessible to the lower class and even those who are between professions, currently unemployed or do not have a formal address. Since February, with the launch of TymeBank in the South African market, to date they have opened accounts for more than 330 000 consumers. Of these consumers, 26% are between the ages of 36 and 45 and 14% are between 46 and 55 years old. These figures indicate that it is not only the youth who use this new technology. For the most part, consumers opened accounts at the Pick n Pay or Boxer stores' kiosks (78%), while 22% opened accounts online through the bank's website. for CO To open a TymeBank bank account a consumer logs in online through the TymeBank website. This process is incredibly simplified by using eFica. TymeBank only needs an ID number and a cellphone number for verification purposes. lo activate and obtain the debit card, the customer must go to the nearest Pick n Pay or Boxer store with a TymeBank kiosk. The customer must take his or her cellphone with the number registered on the website machine at the kiosk prints the debit card (free) with all the customer's details. This whole to the kiosk. At the kiosk, fingerprints must be scanned, the account verified and then the process takes less than 10 minutes (although Pick n Pay states in their marketing commu- scanning, verification and card printing take about 4 minutes. After that, a customer can nications that it takes 5 minutes), online registration takes about 3 minutes and fingerprint download the application from the Google Play Store or the Apple App Store. If a customer has a SmartShopper loyalty card at Pick n Pay, he or she will receive double points when the TymeBank bank card is used as a payment method. port/economy/tymebank-sas-first-digital-bank-is-officially-live-19514418 (accessed on 29 May 2019), Business Report 2019, TymeBank, SA's first digital bank is officially live. https://www.iol.co.za/business-re nk.za/about (accessed on 29 May 2019). forhesgfrica.com/ Vanek, M. 2010 lyme Bank 2019. About us, 2019 http Sources: