The document provides a report on the acquisition of a stock brokerage division, Kingdom Securities, by Universal Bank of Kenya. It evaluates the processes used to develop this new product line. Key points:
1) UBK saw an opportunity in the growing Kenyan stock market and interest among its customers. It acquired Kingdom Securities through Bob Mathews to enter this market in an efficient way.
2) Research was conducted by an external firm to analyze the stock brokerage industry and potential acquisition targets. Bob Mathews was selected due to its size and potential for growth under UBK's ownership.
3) The project was structured into research, negotiation, and implementation phases. Performance was regularly evaluated against budgets and objectives
Business proposal coffee shop in CanadaNewGate India
This document provides a business plan for Robin Hood Cake Cafe, a DIY cake shop located in Toronto, Canada. The business will be a sole proprietorship owned and operated by one owner. It will offer customized cakes designed and ordered by customers. The plan outlines goals, products/services, target customers, location feasibility, marketing strategy, operations, finances, and more. The owner will invest $30,000 initially and take out a $30,000 loan. The shop aims to provide a unique customer experience and healthy, organic cakes while becoming a leading provider in the DIY cake industry.
The document describes the Concourse Financial Software Suite, which is a back office processing solution for electronic payments. It has a continuous processing architecture that allows for near real-time processing. It includes several modular business services for settlement, reconciliation, disputes, and fees and commissions. The core system provides a transaction repository, linking of related transaction records, configurable business rules, and online summaries and reporting.
t was important for Yoli to come out of the gate with a formulation that represented what Yoli was truly all about. To do that, we needed to eliminate all of the bad and lock in only the good ingredients.
Incorporating wholesome Vitamin C and a proprietary blend of some of the most popular ingredients of the day: Pomegranate, Alkaplex®, Acia extract, Gogi Berry, Resveratrol, Oxyphyte™ White Tea extract, Probiotics, and Monatau®, Yoli Blast Caps® deliver to the market a healthy alternative to all of the nutrient-deprived, sweetened beverages most people are consuming every day.
Here are the key ways Inside Sales contributes to the SMS&P scorecard metrics:
- Revenue Generated by Tele (green) - Inside Sales directly generates revenue through sales of Microsoft products.
- Tele Revenue per Head (green) - Inside Sales revenue generation is measured per sales representative.
- Annuity Revenue (green) - Inside Sales helps grow recurring revenue through multi-year agreements.
- Tele ROI (green) - Inside Sales revenue generation is measured against costs to calculate return on investment.
- Red Carpet Execution (yellow) - Inside Sales supports customer transitions through the Red Carpet program.
- Account Discovery (yellow) - Inside Sales conducts account profiling to understand customer needs.
This document is a business plan for D'Lectables, LLC, a company that produces and sells fudge and other confections. It begins with an executive summary that outlines the market opportunity and concept, highlighting projected profitability and returns to shareholders. It then provides an overview of the confection industry and D'Lectables' niche and products. The strategic plan section discusses the company's mission, values, and goals and analyzes its resources, competitors, and strategy for achieving sustained competitive advantage through expansion. Subsequent sections cover market research, operations, management team, and financial projections.
The document provides a training module on market development projects for CLP staff. It covers topics such as introduction to small business and financial planning, market and value chain analysis, designing interventions, and challenges in milk, meat, and fodder markets. The 5-day training schedule details the session contents, methodology, and timing for each topic to provide participants with knowledge and skills related to market development approaches.
This document summarizes the key human resource processes and policies for PT. Indonesia Epson Industri as implemented in the SPISy2000 human resource management system. It covers organizational structure, employee data, grades and positions, contracts, schedules, attendance, overtime, payroll, taxes, bonuses, leave administration, and security access. The document is intended to guide system configuration, modifications, and testing to ensure accurate implementation of the company's HR policies and regulations.
This document provides details on the maintenance and facilities management of a call center for Global Bank that is being converted from a library. It includes a SWOT analysis of the current building, goals and objectives for the refurbishment project, and layout plans for each floor of the building post-refurbishment. The lower ground floor will house IT infrastructure, a gym, and shower facilities. The ground floor will include a reception, kitchen, break area, and help desk. The first and second floors will be the main work areas divided into zones and include meeting rooms and offices. A detailed cost plan is provided totaling £6,378,936.08 for the refurbishment project. The report also discusses management of individual building
Business proposal coffee shop in CanadaNewGate India
This document provides a business plan for Robin Hood Cake Cafe, a DIY cake shop located in Toronto, Canada. The business will be a sole proprietorship owned and operated by one owner. It will offer customized cakes designed and ordered by customers. The plan outlines goals, products/services, target customers, location feasibility, marketing strategy, operations, finances, and more. The owner will invest $30,000 initially and take out a $30,000 loan. The shop aims to provide a unique customer experience and healthy, organic cakes while becoming a leading provider in the DIY cake industry.
The document describes the Concourse Financial Software Suite, which is a back office processing solution for electronic payments. It has a continuous processing architecture that allows for near real-time processing. It includes several modular business services for settlement, reconciliation, disputes, and fees and commissions. The core system provides a transaction repository, linking of related transaction records, configurable business rules, and online summaries and reporting.
t was important for Yoli to come out of the gate with a formulation that represented what Yoli was truly all about. To do that, we needed to eliminate all of the bad and lock in only the good ingredients.
Incorporating wholesome Vitamin C and a proprietary blend of some of the most popular ingredients of the day: Pomegranate, Alkaplex®, Acia extract, Gogi Berry, Resveratrol, Oxyphyte™ White Tea extract, Probiotics, and Monatau®, Yoli Blast Caps® deliver to the market a healthy alternative to all of the nutrient-deprived, sweetened beverages most people are consuming every day.
Here are the key ways Inside Sales contributes to the SMS&P scorecard metrics:
- Revenue Generated by Tele (green) - Inside Sales directly generates revenue through sales of Microsoft products.
- Tele Revenue per Head (green) - Inside Sales revenue generation is measured per sales representative.
- Annuity Revenue (green) - Inside Sales helps grow recurring revenue through multi-year agreements.
- Tele ROI (green) - Inside Sales revenue generation is measured against costs to calculate return on investment.
- Red Carpet Execution (yellow) - Inside Sales supports customer transitions through the Red Carpet program.
- Account Discovery (yellow) - Inside Sales conducts account profiling to understand customer needs.
This document is a business plan for D'Lectables, LLC, a company that produces and sells fudge and other confections. It begins with an executive summary that outlines the market opportunity and concept, highlighting projected profitability and returns to shareholders. It then provides an overview of the confection industry and D'Lectables' niche and products. The strategic plan section discusses the company's mission, values, and goals and analyzes its resources, competitors, and strategy for achieving sustained competitive advantage through expansion. Subsequent sections cover market research, operations, management team, and financial projections.
The document provides a training module on market development projects for CLP staff. It covers topics such as introduction to small business and financial planning, market and value chain analysis, designing interventions, and challenges in milk, meat, and fodder markets. The 5-day training schedule details the session contents, methodology, and timing for each topic to provide participants with knowledge and skills related to market development approaches.
This document summarizes the key human resource processes and policies for PT. Indonesia Epson Industri as implemented in the SPISy2000 human resource management system. It covers organizational structure, employee data, grades and positions, contracts, schedules, attendance, overtime, payroll, taxes, bonuses, leave administration, and security access. The document is intended to guide system configuration, modifications, and testing to ensure accurate implementation of the company's HR policies and regulations.
This document provides details on the maintenance and facilities management of a call center for Global Bank that is being converted from a library. It includes a SWOT analysis of the current building, goals and objectives for the refurbishment project, and layout plans for each floor of the building post-refurbishment. The lower ground floor will house IT infrastructure, a gym, and shower facilities. The ground floor will include a reception, kitchen, break area, and help desk. The first and second floors will be the main work areas divided into zones and include meeting rooms and offices. A detailed cost plan is provided totaling £6,378,936.08 for the refurbishment project. The report also discusses management of individual building
Fet business studies gr 10 12 - we_b#c0fcCeltia Tladi
This document provides the Curriculum and Assessment Policy Statement for Business Studies for grades 10-12 in South Africa. It outlines the background and purpose of CAPS and the National Curriculum Statement. It addresses time allocation for Business Studies and the general aims of the South African curriculum. The document also provides an overview of the topics covered per grade per term and annual teaching plans for grades 10-12. It describes the assessment policies and procedures for Business Studies.
20090104 oecd china country note second draft -2_Lichia Saner-Yiu
This document provides a draft country note on tertiary education in China as part of an OECD review. It summarizes China's significant achievements in expanding tertiary education participation and research output in recent decades. However, it also notes challenges around maintaining quality, equitable access, and matching graduate skills with labor market needs. The review team addresses seven policy areas and provides pointers for improving planning, access, learning effectiveness, quality assurance, financing, innovation linkages, and internationalization of China's large and evolving tertiary education system.
This business plan is for a start-up pizza delivery business called Take-Out Pizza, Inc. seeking $29,500 in investment and a $30,000 business loan to cover $101,500 in start-up costs. The plan projects that over 5 years the business will generate over $600,000 in cumulative net profits from average monthly sales of $72,000 while maintaining adequate liquidity. It includes sections on the company overview, products/services, market analysis, strategy, management, and financial projections. Confidentiality of the business plan contents is noted for any external readers.
Indian Banks : Trends and Progress, RBIatul baride
This report is published by Reserve Bank of India showing the detail analysis of the Indian Banking Industry and various tenets like NPA's, Deposit growth, types of credit etc
This report provides recommendations to improve the marketing of financial products in France. It identifies reasons for action such as a growing need for consumer advice, lessons from past incidents of misselling, and ensuring fair competition. Key recommendations include:
1) Simplifying product information for consumers and ensuring advertising accurately reflects risks and rewards.
2) Improving how retail networks target customers by refining segmentation, differentiating product ranges, and tiering advisor skills.
3) Clearly defining the scope of advice obligations and ensuring suitable recommendations by maintaining records of advisor-customer interactions.
4) Safeguarding advice impartiality by monitoring distributor compensation and ensuring neutral product recommendations.
5) Promoting responsibility across
This document provides the procedures manual for HCC Procurement Operations. It outlines the mission, vision, purpose and authorities for procurement at HCC. It defines key terms and establishes standards for ethics, conflicts of interest, procurement methods and processes. The manual describes the different types of purchase orders and requisitions, timetables for competitive bidding and proposals, and guidelines for drafting specifications and handling mistakes in bids. It aims to ensure procurement complies with applicable laws and policies in a fair, ethical and efficient manner.
This document provides information and instructions for implementing a payroll system in Tally.ERP 9. It discusses configuring payroll settings, creating payroll masters like employee groups and pay heads, processing attendance and payroll vouchers, and accounting for payroll taxes and contributions like PF, ESI, and professional tax. It also covers tracking salary advances, processing pay revisions and arrears, and payroll for contract employees. The document is intended to guide users through the full payroll implementation and processing cycle in Tally.ERP 9.
Triangle Bike Share - New Venture PlanJosh Bielick
New venture plan for 501(c)3 bike share operator for the Triangle, NC.
Written for North Carolina State University MIE 413 and NCSU Lulu eGames 2012.
TBS branding and design by http://mattyow.com
This document discusses improving decision making in organizations through business intelligence. It notes that the role of finance functions is transforming as organizations grasp opportunities to improve efficiency and deploy finance personnel to support decision making. Meanwhile, business intelligence technologies have matured and can provide competitive advantages by improving access to management information. The management accountant has an important role to play in unlocking potential through business intelligence and driving finance transformation to stimulate decision support and improve decision making across organizations.
This document outlines the Fort Bend Central Appraisal District's reappraisal plan for tax years 2015 and 2016. It discusses the legal and administrative requirements for conducting property appraisals and reappraisals in Texas, including establishing market value, state oversight from the Comptroller's office, and the local administration of appraisal districts. The plan provides details on the district's mass appraisal process, data collection, and schedules for appraising different property types over the two-year period.
Service Marketing Management - Managing Customer Satisfaction at a authorized...Gopalakrishnan D
The document discusses managing customer satisfaction at a Maruti authorized service station. It outlines the service process in 4 stages: service initiation, in-service experience, service delivery, and post-service experience. It notes that service contributes 75% of earnings from a customer over their lifetime. Factors like time, communication, staff behavior and expertise impact customer satisfaction at each stage of service. Measuring and closing gaps between expectations and perceptions is important to improve satisfaction.
This document provides an overview and analysis of Bangladesh's service economy, with a focus on the leisure, tourism, and entertainment industries. It discusses the importance of the service sector to Bangladesh's overall economy and GDP. Specific sections examine tourism, hospitality, film, and the contributions of the service sector to employment. The document finds that the service sector plays a vital role in Bangladesh's economy and that tourism and entertainment are growing parts of the service sector with new opportunities. It provides recommendations to further develop these industries and the overall service economy.
Currently, the global and the domestic automotive market is facing unprecedented competition. The breakthroughs in automotive technology from industrial revolution has changed the landscape of the industry where countries from the west, which once dominated the automotive industry are facing stiff competition from new emerging markets from the east.
The objective is to bring about improvements in all levels of the after sales operations in workshops. The growth, profitability and sustainability of the after sales dealerships are possible when the business is managed in an effective and efficient manner.
The chapters in the book covers all matters pertaining to the after sales operations, written in an easy-to-understand manner for practical and straightforward implementation across dealerships.
This document provides an overview and analysis of Bangladesh's progress towards achieving the United Nations Millennium Development Goals. It begins with acknowledging those who helped with the research and an executive summary. The body of the document then examines Bangladesh's status and prospects for fulfilling each development goal based on data from 1990 to 2009, identifying areas that need further attention. It concludes by recommending actions to help Bangladesh fully achieve the MDGs by the 2015 deadline. Tables and charts are included to illustrate trends and comparisons across regions.
This document is a special education handbook for Topeka Public Schools. It provides guidance and instructions for staff on processes related to individualized education programs (IEPs), including how to access the online IEP system, steps for starting an IEP, how to complete various IEP forms, and requirements around notices of meetings and parent/guardian communication. The handbook includes screenshots to illustrate the online IEP system and where to find certain features. It aims to help staff properly develop, write, and manage IEPs in compliance with state and federal special education laws and regulations.
This document provides prompts for a book report, asking the student to name characters from their reading material and identify their favorite character. It asks the student to describe the setting of the story in terms of time and place. The student is prompted to list at least three important events that have occurred in the story so far and to either write a short review of a completed book discussing what they liked and disliked or to make a prediction about the outcome of an unfinished book.
The document discusses initiatives in Perth and Kinross, Scotland that aim to engage communities and improve health and social well-being through co-production with local people and organizations. It describes programs like the Healthy Communities Collaborative and Time Banking that bring community members, volunteers, and agencies together to address issues, develop skills, and exchange services to enhance resilience. Evaluation of the programs show increases in social connections, activity levels, and community participation as well as benefits to health.
Fet business studies gr 10 12 - we_b#c0fcCeltia Tladi
This document provides the Curriculum and Assessment Policy Statement for Business Studies for grades 10-12 in South Africa. It outlines the background and purpose of CAPS and the National Curriculum Statement. It addresses time allocation for Business Studies and the general aims of the South African curriculum. The document also provides an overview of the topics covered per grade per term and annual teaching plans for grades 10-12. It describes the assessment policies and procedures for Business Studies.
20090104 oecd china country note second draft -2_Lichia Saner-Yiu
This document provides a draft country note on tertiary education in China as part of an OECD review. It summarizes China's significant achievements in expanding tertiary education participation and research output in recent decades. However, it also notes challenges around maintaining quality, equitable access, and matching graduate skills with labor market needs. The review team addresses seven policy areas and provides pointers for improving planning, access, learning effectiveness, quality assurance, financing, innovation linkages, and internationalization of China's large and evolving tertiary education system.
This business plan is for a start-up pizza delivery business called Take-Out Pizza, Inc. seeking $29,500 in investment and a $30,000 business loan to cover $101,500 in start-up costs. The plan projects that over 5 years the business will generate over $600,000 in cumulative net profits from average monthly sales of $72,000 while maintaining adequate liquidity. It includes sections on the company overview, products/services, market analysis, strategy, management, and financial projections. Confidentiality of the business plan contents is noted for any external readers.
Indian Banks : Trends and Progress, RBIatul baride
This report is published by Reserve Bank of India showing the detail analysis of the Indian Banking Industry and various tenets like NPA's, Deposit growth, types of credit etc
This report provides recommendations to improve the marketing of financial products in France. It identifies reasons for action such as a growing need for consumer advice, lessons from past incidents of misselling, and ensuring fair competition. Key recommendations include:
1) Simplifying product information for consumers and ensuring advertising accurately reflects risks and rewards.
2) Improving how retail networks target customers by refining segmentation, differentiating product ranges, and tiering advisor skills.
3) Clearly defining the scope of advice obligations and ensuring suitable recommendations by maintaining records of advisor-customer interactions.
4) Safeguarding advice impartiality by monitoring distributor compensation and ensuring neutral product recommendations.
5) Promoting responsibility across
This document provides the procedures manual for HCC Procurement Operations. It outlines the mission, vision, purpose and authorities for procurement at HCC. It defines key terms and establishes standards for ethics, conflicts of interest, procurement methods and processes. The manual describes the different types of purchase orders and requisitions, timetables for competitive bidding and proposals, and guidelines for drafting specifications and handling mistakes in bids. It aims to ensure procurement complies with applicable laws and policies in a fair, ethical and efficient manner.
This document provides information and instructions for implementing a payroll system in Tally.ERP 9. It discusses configuring payroll settings, creating payroll masters like employee groups and pay heads, processing attendance and payroll vouchers, and accounting for payroll taxes and contributions like PF, ESI, and professional tax. It also covers tracking salary advances, processing pay revisions and arrears, and payroll for contract employees. The document is intended to guide users through the full payroll implementation and processing cycle in Tally.ERP 9.
Triangle Bike Share - New Venture PlanJosh Bielick
New venture plan for 501(c)3 bike share operator for the Triangle, NC.
Written for North Carolina State University MIE 413 and NCSU Lulu eGames 2012.
TBS branding and design by http://mattyow.com
This document discusses improving decision making in organizations through business intelligence. It notes that the role of finance functions is transforming as organizations grasp opportunities to improve efficiency and deploy finance personnel to support decision making. Meanwhile, business intelligence technologies have matured and can provide competitive advantages by improving access to management information. The management accountant has an important role to play in unlocking potential through business intelligence and driving finance transformation to stimulate decision support and improve decision making across organizations.
This document outlines the Fort Bend Central Appraisal District's reappraisal plan for tax years 2015 and 2016. It discusses the legal and administrative requirements for conducting property appraisals and reappraisals in Texas, including establishing market value, state oversight from the Comptroller's office, and the local administration of appraisal districts. The plan provides details on the district's mass appraisal process, data collection, and schedules for appraising different property types over the two-year period.
Service Marketing Management - Managing Customer Satisfaction at a authorized...Gopalakrishnan D
The document discusses managing customer satisfaction at a Maruti authorized service station. It outlines the service process in 4 stages: service initiation, in-service experience, service delivery, and post-service experience. It notes that service contributes 75% of earnings from a customer over their lifetime. Factors like time, communication, staff behavior and expertise impact customer satisfaction at each stage of service. Measuring and closing gaps between expectations and perceptions is important to improve satisfaction.
This document provides an overview and analysis of Bangladesh's service economy, with a focus on the leisure, tourism, and entertainment industries. It discusses the importance of the service sector to Bangladesh's overall economy and GDP. Specific sections examine tourism, hospitality, film, and the contributions of the service sector to employment. The document finds that the service sector plays a vital role in Bangladesh's economy and that tourism and entertainment are growing parts of the service sector with new opportunities. It provides recommendations to further develop these industries and the overall service economy.
Currently, the global and the domestic automotive market is facing unprecedented competition. The breakthroughs in automotive technology from industrial revolution has changed the landscape of the industry where countries from the west, which once dominated the automotive industry are facing stiff competition from new emerging markets from the east.
The objective is to bring about improvements in all levels of the after sales operations in workshops. The growth, profitability and sustainability of the after sales dealerships are possible when the business is managed in an effective and efficient manner.
The chapters in the book covers all matters pertaining to the after sales operations, written in an easy-to-understand manner for practical and straightforward implementation across dealerships.
This document provides an overview and analysis of Bangladesh's progress towards achieving the United Nations Millennium Development Goals. It begins with acknowledging those who helped with the research and an executive summary. The body of the document then examines Bangladesh's status and prospects for fulfilling each development goal based on data from 1990 to 2009, identifying areas that need further attention. It concludes by recommending actions to help Bangladesh fully achieve the MDGs by the 2015 deadline. Tables and charts are included to illustrate trends and comparisons across regions.
This document is a special education handbook for Topeka Public Schools. It provides guidance and instructions for staff on processes related to individualized education programs (IEPs), including how to access the online IEP system, steps for starting an IEP, how to complete various IEP forms, and requirements around notices of meetings and parent/guardian communication. The handbook includes screenshots to illustrate the online IEP system and where to find certain features. It aims to help staff properly develop, write, and manage IEPs in compliance with state and federal special education laws and regulations.
This document provides prompts for a book report, asking the student to name characters from their reading material and identify their favorite character. It asks the student to describe the setting of the story in terms of time and place. The student is prompted to list at least three important events that have occurred in the story so far and to either write a short review of a completed book discussing what they liked and disliked or to make a prediction about the outcome of an unfinished book.
The document discusses initiatives in Perth and Kinross, Scotland that aim to engage communities and improve health and social well-being through co-production with local people and organizations. It describes programs like the Healthy Communities Collaborative and Time Banking that bring community members, volunteers, and agencies together to address issues, develop skills, and exchange services to enhance resilience. Evaluation of the programs show increases in social connections, activity levels, and community participation as well as benefits to health.
This document provides information on offers and promotions for The Chemists India Trusts for the month of April 2013. It outlines discount offers on various Guardian and GNC brand products ranging from 10-50% off. It also details loyalty programs for senior citizens and special discounts available through partnerships with companies like Jet Airways, Citibank, ICICI Bank, Amity Card, FreeCharge and American Express. Visual merchandising and product placement recommendations are provided for Guardian stands and Choose & Save sections in stores. The focus category for the month is highlighted as Vigor and Vitality products.
This document provides information on product offers and promotions for the month of August 2014 by The Chemists India Trusts. It includes details of discounts on GNC products, private label products, FMCG items, and loyalty programs. Mega offers on GNC include 25% discount on products and 50% off membership fees. Discounts are also provided on specific private label products. The focus category for the month is highlighted as heart health and child nutrition. Instructions are given on implementing loyalty programs, alliances with banks and merchants, and placing promotional materials in stores.
SEIU demanded economic reforms following the 2008 financial collapse. The union protested large Wall Street bonuses paid after taxpayer bailouts. SEIU advocated for policies benefiting working families, including healthcare reform and the Employee Free Choice Act. The union also called for regulation of the private equity industry, citing job losses and debt loads imposed on acquired companies.
This document provides instructions for multiplying and dividing fractions. It explains that to multiply fractions, you multiply the numerators and multiply the denominators. To divide fractions, you multiply by the reciprocal of the second fraction. Students are assigned homework problems practicing multiplying and dividing fractions from page 251, problems 10 through 42 of their textbook.
Students from the 5-A form at Taras Shevchenko Gymnasium in Kirovohrad, Ukraine wrote a document. The document appears to have been written by Ukrainian students attending a school named after the famous Ukrainian poet and writer Taras Shevchenko located in the city of Kirovohrad.
The document discusses the benefits of exercise for mental health. It states that regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help alleviate symptoms of mental illness.
This letter from a father to his son provides advice for caring for him as he ages. The father asks his son to be patient, listen without interrupting as he may repeat stories, and not force him to eat or shower if he refuses. He reminds his son of how he cared for him as a child and asks that his son now help him walk and live out his days with love and patience, as he had for his son.
This document defines mean, median, and mode as different measures of central tendency, and range as the difference between the highest and lowest values in a data set. It provides examples of calculating these measures for various data sets, and discusses how the mean, median, or mode may be more representative depending on the data. Outliers are defined as extreme values compared to the rest of the data set. Students are assigned homework problems calculating these statistical measures.
This chapter discusses the importance of human resource development (HRD) for organizations. It defines HRD as developing the knowledge, skills, and abilities of an organization's workforce. HRD improves how resources are utilized and influences production efficiency. Additionally, HRD helps organizations adapt to changing competitive environments by developing new technologies. The chapter outlines objectives, functions, techniques, and outcomes of HRD programs in developing employees and achieving organizational goals.
The document discusses network packet capture in the Linux kernel. It provides an overview of the Linux network stack and packet ingress flow. It describes important data structures like net devices and sk buffers. It also explains methods for capturing packets, including capturing packets during the packet ingress flow through the network stack layers and protocols.
Unlimited network of opportunities (uno)Allain Flores
Unlimited Network of Opportunities (UNO) is a dynamic marketing company that distributes health and wellness products as well as educational services through a network of marketers. UNO aims to provide opportunities to Filipinos and conquer new challenges in the network marketing industry. The company's vision is to be a trusted and reputable network marketing group that fulfills the promise of a decent, healthy, and prosperous future for its members and the Philippines.
Presentation given by Dr K Subramanian, Director and Professor, Advance Centre for Informatic and Innovative Learning IGNOU on August 1st, 2011 at eWorld Forum (www.eworldforum.net) in the session Sharing Good Practices in eGovernance
Loi chuc tet 2013 hay nhat tin.tuyensinh247.comNtc Pro
Những lời chúc tết 2013 hay nhất, ý nghĩa nhất. Những tin nhắn chúc tết hài hước mới lạ dành tặng người thân yêu. Xem nhiều lời chúc tết 2013 hay: http://tin.tuyensinh247.com/nhung-loi-chuc-tet-hay-va-y-nghia-nhat-e48.html
A fourth grade student named Miguel Angel Lara Arias conducted a plant growth experiment on October 18, 2013. He placed one plant under a white light source inside a locked and enclosed box, while another identical plant was covered with a dark box in a dark room without light. The results showed that the plant exposed to white light grew, while the plant without light did not grow much. The student concluded that white light affects plant growth positively.
The student conducted an experiment applying different treatments to 3 plants:
Plant 1 received clean water, 24 hours of light, quiet music, and 15 minutes of radiation. Plant 2 received dirty water, no light, loud music, and 30 minutes of radiation. Plant 3 received rain water, sunlight, no music, and no radiation. The radiation caused some leaves on plant 2 to wilt and die, while it had no effect on plant 1. Plant 1 grew more than plant 2 under the different light and music conditions. Plant 3 grew normally under the conditions it received. The student learned that applying changes to plants can have positive or negative effects, and that plants require care and responsibility like pets.
Presentation given by Deepak Kumar, Chief Technology Officer, UTI Infrastructure Technology And Services Ltd.on August 3rd, 2011 at eWorld Forum (www.eworldforum.net) in the session ICT in Financial Inclusion, Taxation, Excise and Finance
The document provides a report on a proposed Patapesa digital system by Universal Bank of Kenya. The system aims to provide digital banking accounts accessed via mobile phones to reach unbanked individuals and cooperative societies in rural areas. The report includes a business case analysis of the need for the project and its alignment with UBK's objectives. It also provides details on project description, resource requirements, costs and benefits, risk assessment, and a proposed project schedule. The project aims to help UBK expand its customer base and increase deposits, loans, and profitability through partnerships with M-Pesa for digital account access.
This document provides the procedures for various operations in the bank, including customer service, account opening and maintenance, cash transactions, remittance, clearing, and more. It outlines the roles and responsibilities of different departments and staff. The purpose is to have standardized processes that comply with regulatory requirements and help staff address customer needs effectively. The key areas covered include customer service, account opening and closing procedures, cash management, payment instruments, clearing processes, and more.
Stroll Net will provide public internet terminals throughout Tech City for affordable internet access away from home or office. The business will be owned equally by Cam Piotr and Bob Green, with investors owning the remaining shares. Stroll Net aims to introduce an innovative product to meet the growing demand for internet access. Risks include whether there is sufficient demand and if people will pay for the service. The terminals will offer internet, email, advertising and prepaid services. Stroll Net expects to attract students and traveling business people in particular.
This document is a business plan for MoMedia, a startup mobile virtual network operator (MVNO) that provides free mobile services funded by advertising. It aims to challenge market leaders by undercutting prices, rapidly expanding distribution, and forceful marketing. The plan outlines MoMedia's objectives, mission, products, competition, infrastructure, finances, management, and growth strategy over multiple phases. All information shared in the business plan is confidential and for the express written permission of MoMedia.
The document is a confidentiality agreement for an undisclosed business plan. It states that the business plan information is confidential and should not be disclosed without permission. Anyone reading the plan acknowledges that the information is confidential in nature and agrees not to disclose or use it in a way that could harm the business. Upon request, the reader must return the business plan document. The agreement requires the reader's signature, name, and date.
This document provides a feasibility study for establishing an Asana Bottled Drink Company. It analyzes the bottled drink industry in Ghana and identifies the main competitors. The study finds that there is potential for growth in the industry given Ghana's developing economy and population trends. A financial analysis projects that the company would be profitable and have a payback period of 3 years based on an expected production level, revenue forecast, and operating cost assumptions. The analysis also examines sensitivity of the projections to changes in expenses and revenue.
- Ice Dreams will sell shave ice, soft drinks, and licuados (frothy Latin drinks) from a walk-up counter-top location.
- Shave ice is a cold, flaky dessert made from finely shaved ice topped with fruit syrups that is growing in popularity.
- The business aims to capitalize on the increasing demand for shave ice by providing a high-quality product with tropical fruit flavors in a convenient location.
Aleba Water Business Plans 1999 and 2003Ed Morrison
These are the original Aleba Water business plans. This investment has been destroyed by the Chinese government's inability to confront and control a local criminal gang in Xi'an. The gang is headed by Sunjun Hong, former Deputy Police Chief in Lantian County.
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Management Marketing
1. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
A REPORT ON THE AQUISISTION ACTIVITY CARRIED OUT BY UNIVERSAL BANK OF KENYA
Managing Marketing-September 2010-13335982
Words: 6571 in Report, 2 pages in Company background
2. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
Table of Contents
Table of Contents
EXECUTIVE SUMMARY ......................................................................................................................................................................... 5
1. UNIVERSAL BANK OF KENYA’S MARKETING DEPARTMENT ................................................................................ 6
2. RATIONALE FOR THE MARKETING ACTIVITY .............................................................................................................. 7
2.1. Introduction ................................................................................................................................................................................. 7
2.2. Intent for the introduction of a stock brokerage product .................................................................................................... 7
2.3. A growing need ........................................................................................................................................................................... 8
2.4. Kingdom securities Limited; Service offering ........................................................................................................................ 8
3. PROJECT STRUCTURE.................................................................................................................................................................. 9
3.1. Project research & analysis phase ............................................................................................................................................. 9
3.2. Project negotiation phase........................................................................................................................................................... 9
4. RESOURCE REQUIREMENTS: Human, Financial and Physical resourcing ..................................................................... 10
4.1. Human requirements ................................................................................................................................................................ 10
External research team ..................................................................................................................................................................... 10
Kingdom start team .......................................................................................................................................................................... 10
4.2 Physical requirements ............................................................................................................................................................... 11
4.3. Financial requirements ............................................................................................................................................................. 11
Evaluation of resource requirements .................................................................................................................................................. 12
5. TEAM MANAGEMENT AND PERFORMANCE EVALUATION ................................................................................. 13
5.1. Forming phase ........................................................................................................................................................................... 13
5.2. Storming phase .......................................................................................................................................................................... 13
5.3. Norming phase .......................................................................................................................................................................... 13
5.4. Performing phase ...................................................................................................................................................................... 13
5.5. Adjourning phase ...................................................................................................................................................................... 14
5.6. Individual & team performance.............................................................................................................................................. 14
5.6.1. Individual performance evaluation ............................................................................................................................... 14
5.6.2. Team level assessment .................................................................................................................................................... 15
6. CREDIBILTY OF INFORMATION SOURCES ..................................................................................................................... 16
6.1. External agency ......................................................................................................................................................................... 16
6.2. Nairobi stock exchange ............................................................................................................................................................ 16
6.3. Capital market Authority ......................................................................................................................................................... 16
7. REVIEW OF BUDGETARY PROCESS ................................................................................................................................... 17
7.1. Pre-approval budget estimates ................................................................................................................................................ 18
7.2. Post-approval budget estimates .............................................................................................................................................. 19
7.3. Budget variances ....................................................................................................................................................................... 19
8. COST BENEFIT ANALYSIS ....................................................................................................................................................... 19
9. EVALUATION & MONITORING ............................................................................................................................................ 21
9.1. Cost & Income metrics ............................................................................................................................................................ 21
9.2. Company asset & investment metrics ................................................................................................................................... 21
9.3. Strategic metrics ........................................................................................................................................................................ 21
10. IMPROVEMENT OPPORTUNITIES IN PERFORMANCE MANAGEMENT ............................................................... 22
10.1. Planning ...................................................................................................................................................................................... 22
10.2. Checking in ................................................................................................................................................................................ 22
10.3. Assessment ................................................................................................................................................................................. 23
Appendix A: BACKGROUND TO UNIVERSAL BANK OF KENYA ....................................................................................... 24
UBK’s COMPANY HISTORY .......................................................................................................................................................... 24
INDUSTRY PERFORMANCE VS. UBK PERFORMANCE ........................................................................................... 24
UBK’s CUSTOMER BASE AND MARKET POSITION ........................................................................................................... 24
PRODUCT RANGE ............................................................................................................................................................................ 25
4. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
Abbreviations
CDS-Credit Default Swap
KSL-Kingdom Securities limited
NSE-Nairobi stock exchange
PDA- Personal digital assistant
SACCO-Savings and Credit Cooperative Society
Stock market-transactions carried out at the stock exchange
UBK-Universal Bank of Kenya
5. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
EXECUTIVE SUMMARY
The Managing director of Universal bank of Kenya delegated to me the role of evaluating Kingdom securities; a recently
acquired stock brokerage division formed through a process of acquisition from Bob Mathews limited.. With increased
competition and economic slowdown hitting the financial industry in Kenya, well refined processes in carrying out any
business activity is paramount to ensure business sustainability. The review of the acquisition process would entail an
elaborate assessment of systems and procedures within UBK as well as an analysis with appropriate suggestions on
improvement of the performance management exercise. The assessment should discuss the present state in performance of
Kingdom securities, fundamentally addressing its feasibility to Universal bank of Kenya as a whole.
The bank identified a growing interest in the Kenyan population to invest in stocks. Since 2008, Kenya’s stock market has
experienced a growing trend in shares traded. In comparison, August 2008 registered over 490 million in shared traded
which has grown to about 627 million in March 2010, a 27% growth in 2 years. (Nairobi Stock Exchange, 2010).
This paper evaluates the processes in new product development Universal bank of Kenya adopted to provide stock
brokerage services. Over the years, the bank has endeavored to increase customer satisfaction levels, especially its core
market; the cooperative movement. This has been embodied in a “financial supermarket model” which aims at providing all
financial services a client might need under one body; Universal bank of Kenya.
A white paper by Sap (2004) simply defines new product development as the period between the identification of an
opportunity in the market to the successful launch of the product. Further, it adds that the process entails defining the
product strategy, managing the overall product program and effectively monitoring all activities related to new product
development and identification. Growth in revenue and business balance is mentioned as key benefits sought through new
product development by most companies.
Research on this report was mainly from various secondary data sources such as company annual reports and the internet.
For a more updated view, questionnaires and interviews with industry analysts were carried out.
Kingdom Securities limited was developed to provide stock broking and investment advisory services to the market. UBK’s
top management with an executive steering committee deliberated on acquiring rather than developing a stock brokerage
product from the bottom up. This decision went through a pre-approval business case assessment which involved a
preliminary analysis be carried out to determine whether the business decision was a feasible one. The analysis indicated that
the acquisition option is cost saving and more efficient as compared to traditional product development alternative.
The bank then engaged the executive steering committee to spearhead implementation activities which was regularly
evaluated by the company’s top management on an established feedback system. The pre-approval budget went through
several changes as different needs developed as the project took shape.
The report evaluates how the “kingdom start team”; the project team, was managed and gives suggestions on how it can be
improved for the future. Individual and team performance was also evaluated and proposals given. A cost-benefit analysis
was carried out to determine whether the marketing activity was fit for the bank. Assessment and monitoring activities
carried out by UBK on the project were discussed.
6. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
1. UNIVERSAL BANK OF KENYA’S MARKETING DEPARTMENT
Departments in Department activities Marketing department Role activities
relation to alignment with other
marketing role departments
(department size 170
staff)
Finance & audit -allocating and monitoring budgets Pricing of the service -setting pricing policy(pricing objective, approach
department -procurement/supplies and strategies )
-achieve profit & return on investment
maximization
-achieve business survival in competitive
environment
-balance price over product line
-determine price elasticity of demand-response of
demand on price changes
Sales/business -sales activity coordination Product/project Product planning and management
development -new product development Development Strategic alignment analysis
department Strategic alignment -developing appropriate products to meet
(department size 240) consumers’ financial needs. Gap analysis
-development and research of new products
-product enhancement
-compliance to regulatory and quality standards.
Operations -structuring the bank’s procedures Strategic alignment - aligning the bank’s activities in different
department -business support(communication Total customer satisfaction departments towards the company’s strategic
(department size 230) and networks) management goals/objectives.
-monitoring business processes -customer service -ensure the customer service team is in-sync with
Market research the bank’s marketing objectives and are aware of
Developing markets the bank’s product characteristics and
functionality
- ensuring all the marketing efforts of the bank
ensures a satisfactory customer experience; with
proper customer relationship systems relevant to
the bank’s marketing objectives
-The identification of customer’s financial needs
and wants
-forecasting and researching future financial
market needs and competitors’ activities.
--provide relevant accurate and timely market
information
- building and maintaining the bank’s core and
subsidiary markets
-analyzing potential markets
-building on the bank’s key markets to increase
market share and/or profits.
Human resource Staff recruitment, orientation, Product/project Build work teams
department capacity building, training & Development Organize Team building sessions
(department size 70) development, compensation, Coordinate appropriate training and development
benefits of the bank’s staff on marketing functions.
Internal audit -procedures, controls, systems and Strategic alignment Maintain product quality and performance in
department performance appraisal Product/project relation to the bank’s strategic goals/objectives
-running accounting accuracy tests Development
-investigation, mitigation of fraud Pricing of the service
Figure 1: Functions of the marketing department and the relation to other departments
Figure 1 is a tabular representation of the functions of the marketing department, indicating inter-departmental functions
and how they collaborate to achieve the functions of the marketing department and ultimately for UBK.
7. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
2. RATIONALE FOR THE MARKETING ACTIVITY
2.1. Introduction
The Kenyan banking industry is rapidly changing. New banks are entering the scene with attractive packages that grab several
segments within the Kenyan population. This has compelled banks to bring in innovative and relevant products so as to reach
the Kenyan markets. Introducing a new product or service can take many forms; one such technique being acquisition.
Donald Sull (competing through organizational ability, 2010) describes operational agility as follows;
“An organization’s ability to exploit both revenue-enhancing and cost-cutting opportunities within its core business more
quickly, effectively, and consistently than rivals do is the source of operational ability”.
Diversification is pointed out by Ansoff (McKinsey quarterly 2010) as; “A change in the characteristics of the company's
product line and/or market, in contrast to market penetration, market development, and product development, which
represent other types of change in product-market structure.”
Ansoff notes that diversification needs to involve a change of the company’s product line and/or market. This is the overall
implication of diversification to an organization. However, Sull adds idea operational agility brings in the element of best
exploiting opportunities with speed, effectiveness and consistency. This ensures an organization builds on its competitive edge
at the same time cost-cutting and/or increasing its revenue.
In June 2009, UBK launched Kingdom securities limited (KSL) through a process of acquisition which diversified UBK’s
activities to include the provision of stock trading and advisory services
2.2. Intent for the introduction of a stock brokerage product
The acquisition move was propagated by the bank’s “financial supermarket model” (cooperative bank ltd, 2010) which aims at
providing relevant financial solutions under one outfit.
The stock brokerage product was to contribute towards the following;
- Development of Kenya’s stock market. This is on the basis that a vibrant stock market will consequently contribute towards
greater investment activities from Kenyans which in turn build on the country’s economic growth.
-Gaining a voice on the Nairobi stock exchange board as well as reducing its investment management costs. Owning a stock
brokerage firm would give the bank efficiency and greater control in carrying out their stock investment activities.
-Diversify and increase its revenue streams- UBK’s efforts have been geared towards increasing its overall profitability through
expansion and diversification activities.
-Value addition & building on its customer satisfaction goals- The bank’s “financial supermarket model” aims at ensuring a
client experiences efficiency in engaging in financial activities through a holistic package of services, interconnected to each
other. Increased customer satisfaction levels would lead to increased loyalty, overall value creation to all of the bank’s
stakeholders, and contribution towards developing the country’s economic growth.
8. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
2.3. A growing need
The bank considered introducing the stock brokerage service after assessing the need for most of its customer base to buy
shares or trade in the stock exchange. The intent was so as to ensure their both their existing and new customers, as well as the
greater Kenyan public gain access to financial services all under one roof. This implied the bank’s customers and the Kenyan
population could pull some money from their UBK account, and engage the Kingdom securities subsidiary to carry out their stock
purchases or exchange activities.
Their key focus is on their large strategic client base, the cooperative movement which constitutes above 7 million members,
with over 17,000 cooperative societies in existence.
2.4. Kingdom securities Limited; Service offering
KSL was projected to provide the following services to the Kenyan market;
-Buying & selling shares on behalf of their clients
-Investment advisory/ support services- to involve advising clients on the shares market
9. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
3. PROJECT STRUCTURE
These stages in the project were divided into 3 distinct phases namely project research & analysis, implementation and
project negotiation
3.1. Project research & analysis phase
The company engaged the services of Infotrak research and consulting ltd, an East African based research group which carries out
various services embodied in the research needs of the east African market. UBK sought their services on carrying out an
independent research on the stock brokerage industry in Kenya. The decision to seek external consultants instead of using the
marketing team was pegged on i) the need for an independent and unbiased research process and ii)the marketing team was
already heavily engaged in research and development of the “GoodHome” mortgage product.
UBK outlined the following areas of interest to be addressed by Infotrak;
-Existing firms profiling
-Market entry research- involved an analysis of entry requirements such as technology, financial estimates and legal
requirements.
From the research carried out by Infotrak, 8 business profiles of stock brokerage firms were researched on. CfC Stanbic
Financial Services ranked first in CDS accounts maintained (25,000), followed by Kestrel Capital and Dyer & Blair with 23,000
accounts and 18,000 accounts respectively.Cfc Stanbic Financial services and kestrel capital have been consistent in
profitability, largely because of their solid networks and credibility with both the local and foreign markets. Most stock
brokerage firms offered investment banking and advisory services as additions to their service portfolios.
The bank’s marketing department head and the advisory team settled on the Bob Mathews stock brokerage firm. The firm was
ranked as 6th in CDS accounts maintained (12,000), whereas its profitability was about Ksh 8 million for the year ending
2008.The firm was the most recent to join the industry having started its operations in 2008,and offered both stock broking
and research services.
The bank reached the decision based on 3 factors;
1. Bob Mathews was a relatively new firm in the industry. This meant that it was still in its forming stages; its structures
and business cultures were still on the growth stages. The bank considered this to be appropriate as it would be easier
to take part in building the work culture, unlike where a firm is already established.
2. Bob Mathews had over 12,000 CDS accounts. This would provide an existing market presence for Universal bank to
grow on.
3. Other than Bob Mathews, the other firms had very high buy-out costs
3.2. Project negotiation phase
The bank engaged Bob Mathews on a price and term negotiation exercise, through meetings between the project’s steering
team and heads from Bob Mathews.
The bank’s legal advisory team together with the steering team scheduled meetings to come at a final buy-out price. The
meetings ran for 3 weeks in February 2009.The bank had set Ksh 520 Million to negotiate with, a figure reached through the
analysis carried out by Infotrak; which noted that the current worth of Bob Mathews was ksh 509 million. The value was
pegged on forecast of the company’s growing profitability since its start as compared to the more established firms. An
evaluation of the bank’s revenue and asset base contributed to the firm’s worth. It was also noted that other recent acquisitions
such as that of NIC bank and Standard chartered were within the ksh 500 million-ksh 550 million range.
10. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
4. RESOURCE REQUIREMENTS: Human, Financial and Physical resourcing
4.1. Human requirements
The project required the following human resources.
External research team
Preliminary market intelligence was required so as to make informed decisions on the acquisition process. The bank required
an independent market research be carried out by the sourced agency. The agency was to present a formal report in 3 weeks
addressing the key areas pointed out by UBK (see project research phase above), in addition to any information that may assist the
managerial team in UBK to make informed decisions and strategies. The agency was to have a track record of integrity and
efficiency, independent in its operations, committed to ensure an elaborate report is prepared by 30th January 2009 and
affordable.
Kingdom start team
A team named “kingdom start” was to comprise of members of staff from different departments in UBK brought together to
deliberate and develop the Kingdom securities subsidiary. The team was to constitute 8 members different departments.
Executive steering team (2)
To constitute the head of marketing and head of finance, these were to;
-Oversee the development of the new product
-The head of marketing was to be in charge of the new product development processes
-Finance head was to make sure the activity was done in the most feasible approach possible.
-Steer the team in coming up with an acquisition proposal to be discussed with the company’s top management
Marketing department (4)
This was to comprise of 4 members, 1 of a senior level and 3 of middle-management level. Their key role was to oversee the
research work from the external agency, collaborate with them to prepare an extensive acquisition proposal report covering all
the key areas required.
Business development department (1)
UBK’S business development department has the business processes and sales teams under it. One senior member from the
business processes to start on the development of an appropriate business change plan for the diversification project. The
team was to come up with;
-An acquisition proposal
-A detailed audit assessing the impact of Kingdom securities to other departments in UBK.
-A business change plan
Finance & operations team (2)
1 senior member from the finance department was to join the team, whereas another middle-level manager would be from the
business change department. For this phase, their role was to ensure the project is feasible and to manage the team’s budget.
The finance team was to play a key role in preparing the acquisition proposal together with the business development and
change teams.
11. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
Human resource team (1)
The kingdom start team was to work with a member of the bank’s human resource team to facilitate training and development
of the team on relevant areas in line with the marketing activity. The training would take 3 weeks in UBK’s training camp.
4.2 Physical requirements
These are the infrastructural requirements associated with the acquisition process. A suitable workstation was to have;
-Networked computers on every workstation with
-Communication telephones connected to the bank’s communications system.
-Appropriate Lighting and wiring
The bank’s core system needed to be expanded to accommodate the stock broking functionalities. This requires software
update and maintenance activities done throughout the project.
4.3. Financial requirements
The following are the financial requirements for the acquisition process right from the pre-acquisition phase to the post-
acquisition phase.
Phases Planned Cost estimates(ksh)
MANPOWER
Research/external consultancy 550,000
Kingdom start team PAY 2,550,000
OTHER
Buy-out provision 520,000,000
Legal advisory and processes charge estimates 50,000,000
Floor renovation cost estimates 200,000
Total financial requirement 552,885,000
Figure 1: financial requirements for the acquisition process
12. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
Evaluation of resource requirements
Requirements Performance rating
Planned resource Actual resources Deviation Notes
requirements used
Human resource
requirements
Research/external consultancy -Extensive research on Match score-5 0 All requirements were met within the planned time
stock market
-independent and
committed in research
process
-fit to financial
budget(affordability)
Project team Executive steering team Match score-5 0 All requirements were met within the planned time
Kingdom start team
Financial resource
requirements
Manpower 3,100,000 3,290,000 +190,000 -negotiations with Infotrak ended on the figure
Research/external consultancy rising to 740,000
Kingdom start team PAY
Other 570,200,000 545,100,000 -+25,100,000 -Buy-out costs fell to ksh 510,000 after negotiation
Buy-out provision -legal advisory and processes were done by an
Legal advisory and processes external legal firm for ksh 35,000,000
charge estimates -planned floor renovation costs fell to ksh 100,000
Floor renovation cost estimates as UBK used already established office in UBK head
office.
Physical resource
requirements
Room renovation Match score-5 0 Activity was done as planned, within planned
timeline
Software upgrading Match score-4 1 Activity took longer by 3 days
exercise
Hardware requirements Match score-4 1 Activity took longer by 6 days
Figure 2: table showing an evaluation of resource requirements
*match score-these are based on the achievement levels of meeting the planned resource requirements. A score of 5 is the highest
while 0 is no achievement
*deviation-this refers to the variation realized from the planned resource requirements. When match score is 5, it leads to a deviation of 0.
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5. TEAM MANAGEMENT AND PERFORMANCE EVALUATION
The bank’s approach on building the team mainly took an approach of Tuckman’s Five Stage Model cited by Eaton
(berlineaton.com). Their processes took the form of forming, storming, and norming, performing and adjourning.
5.1. Forming phase
The executive steering team saw the need of the marketing activity and held several meetings to deliberate on the feasibility of
buying out the stock brokerage firm as compared to creating the stock brokerage department from start. They then proceeded
to select activity team leaders with assistance from the bank’s human resource department.
Staff from the finance & legal, marketing and business development departments was selected to run the different activities in
the acquisition process.
The stage involved;
-Group members developing a clear understanding of the team’s strategic intent and know each other.
-Team heads arranged for a team building trip which took the form of a mountain climbing expedition.
-During the expedition, the group was trained by a human resource representative on the nature of UBK, its strategic
orientation and how the group’s role would contribute towards it. The objective for the team building activities focused on;
Building on collaborative team work
Understanding of each other’s personalities which brings harmony in the work setting
5.2. Storming phase
This phase focused on clearly breaking down responsibilities of each of the group’s members whereby the organizational
structure was laid out, outlining the systems of communication adopted by the bank.
The executive steering team had the overall responsibility of taking charge of the acquisition process. They reported to the
bank’s managing director. The activity team leaders handled supervision/monitoring of the different phases of the acquisition.
The criterion for rewarding and evaluation was developed by the executive steering team during the activity’s initial stages by
the heads in Kingdom start team and a human resource department representative. Regular Group meetings with company
heads were carried out to provide an avenue to know the leadership structures as well as air out any pertaining issues or
clarifications, and ideas or suggestions in relation to meeting the groups expected outputs.
5.3. Norming phase
To facilitate this phase, compulsory weekly team meetings were held at the bank’s head office for all of the members of the
group. Members shared on the week’s challenges and developments, and the group sought to tackle them. The basis of
structuring performance standards were developed through the weekly meetings.
5.4. Performing phase
This was a follow up on the norming phase and involved the actual buy-out process. Performance appraisals were done on
both an individual and group perspective.
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5.5. Adjourning phase
Involved the team closing its activities and compiling a report to the bank’s top management; which gave an elaborate
account on the Kingdom start team’s results for the marketing activity.
5.6. Individual & team performance
For a table on individual and team scores, refer to Error! Reference source not found.
5.6.1. Individual performance evaluation
Person 1: senior level marketing department
-Had been allocated the role of monitoring and directing the research work that had been outsourced to Infotrak, work with
them to ensure an elaborate report is prepared for the executive steering team and the kingdom start team.
-Had weak score on Professional Advice and recommendations
-Produced timely results though lacking extensiveness. Pointed out by the executive steering team on the report produced,
this could be attributed to the low pay to the external agency, thus resulting to low output. Person 1 had a bachelor’s degree
in economics. Skills in project evaluation and report writing would have been ideal for that role, thus in-house training in
project management would be recommendable.
Person 2: middle level marketing department
-Had the responsibility of providing relevant and timely information to the external agency. This was done successfully as
noted by the external agency
-Had excellent oral communication and interpersonal skills which assisted in communicating with the Infotrak team
-Completed tasks on schedule. Information required by the external agency was relayed in real time. This was mainly
facilitated by the individual’s skills in project management obtained through a professional qualification. Again, the
individual’s role within the bank was to manage marketing projects of UBK, where his skills were cultivated to complement
the qualifications.
Person 3: middle level marketing department
-Worked with person 2 to provide relevant and timely information to the external agency-role was done well, however the
external agency noted that person 2 could not deal with people with ease. They noted that in some instances person 3 would
seem arrogant, that his point of view was always right. This affected the smooth flow of information and communication
between the agency and the kingdom start team.
Person 4: middle level marketing department
-Had the responsibility of compiling gathered information and preparing periodic reports
-Had a key role to liaison with the business change member in developing the business change plan
-Was rated by the executive steering team as having good interpersonal skills, by routinely establishing rapport in initial
contacts with others at all levels, kept superiors, team members, and other appropriate parties informed of significant
developments regularly, and expressed support for the value of diverse opinions
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Person 5: senior level business processes department
-Had the responsibility to coordinate with the business change team member in ensuring an extensive assessment/evaluation
is carried out on possible impacts posed on the organization in the introduction of the kingdom securities product
-Was required to analyze the various dimensions in which different departments in UBK would be involved in the long term
success of the product.in adjourning the marketing activity
-was to present a business change plan especially in ensuring all processes of the bank are considered
-scored highly on behavioral assessments and some of the results assessments. The business change plan delayed on its
scheduled time, which brought a lag in carrying out feasibility studies by person 6
Person 6: senior level finance department
-Was to ensure the marketing activity is feasible in relation to the bank’s financial budget for the marketing activity.
-Had above average oral communication and interpersonal skills
-Took charge in the team building activities that the team engaged in
-Although he contributed innovative approaches to the team tasks, he scored a low grade in the Professional Advice and
Recommendations element, mainly because of absenteeism in some cases where the team required advice and expertise from
him.
-A daily attendance sheet maintained by the heads of the kingdom start team would have been advisable to address
absenteeism. It would also be recommendable if everyone was held accountable on their daily outputs in relation to the
project
Person 7: middle level business change department
-Was to work with person 5 in ensuring an accurate detailed business change plan is prepared to support person 6 and his
team in carrying out the project’s feasibility studies
-Performed well in most of the behavioral assessment elements. However his result assessment scores were weak mainly
because of the lag in preparation of the business change plan
Person 8: middle level human resource department
-Was to collaborate with the team in training, motivation as well as coordinating resource allocation and planning for the
team
-Carried out his duties effectively with good interpersonal and teamwork which was a crucial skill required in carrying out his
training and motivation role
-Submitted elaborate and timely reports and was at most a time available for consultation and assistance in carrying out the
team’s duties not directly related to his designated duties
5.6.2. Team level assessment
-Team’s performance was above average, most behavioral elements were scored highly
-Team successfully fulfilled its mission of carrying out the acquisition process
-Team practiced openness in communication which contributed towards more effective decision making procedures
-Team’s proposal to the top management was however amended on several areas by the authorities especially on the pre-
approval budget which had significant discounting errors. However, in preparing the post-approval budget, the team became
more thorough in its evaluation and forecasting activities. This indicates that the team became more collaborative
-Team held meetings every weekend to ensure that the whole team is aware of any alterations, challenges or progress within
the course of the week
-The individual roles were however not clearly outlined, which affected performance in achieving the team’s mission. Role
definition sessions should have been given priority in the training sessions carried out by the human resource representative.
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6. CREDIBILTY OF INFORMATION SOURCES
6.1. External agency
The external agency has the following strengths that build on the quality of their work;
-Over 54 positive referrals from the agency’s client portfolio, a majority of which are high worth organizations in east
Africa-this brings out credibility to the agency since high worth organizations such as Safaricom and World Bank
-A majority of the agency’s research projects involved nationwide or region wide research activities. The ministry of health
required the agency to carry out a nationwide research on Kenya’s health conditions from region to region
-The agency’s research projects have cut through all sectors of the Kenyan market. The multi-sectorial experiences gained
contribute to a holistic knowledge and experience base in the Kenyan and greater east African community
-Embrace technology in carrying out their research activities. The agency uses electronic data collection tools such as
personal digital assistants (PDAs) which contribute towards better organization and accuracy due to real-time data
compilation
-Qualified and experienced research representatives-the agency carries out executive recruitment through careerconnections, a
human resource management and consultancy firm in Kenya. The recruitment agency is credible in its operations with
proven consistency in selecting ideal manpower for its client base. Their staff is qualified by Recruitment & Employment
Confederation UK.
6.2. Nairobi stock exchange
The NSE is a body that oversees the Kenyan stock market. They have been mandated to carry out licensing to stock
brokerage firms in Kenya and are guided by the country’s capital markets act in preparing membership rules for stock
brokerage firms. This ensures that companies listed as members of the NSE are fully operational firms with business
stability. The Nairobi stock exchange periodically carries out member assessments to ensure those listed are in line with the
set rules. This brings credibility to the information that gathered from the NSE.
6.3. Capital market Authority
The capital market authority is a parliament enactment with a core mandate to offer the promotion, regulation assistance in
developing the Kenyan capital market. The marketing and finance teams relied on their internal research and public reports
such as the organization’s 2009 annual report as a secondary source of information to complement the research done by
Infotrak. Ltd. Information gathered from the capital market authority is accurate and relevant due to the formal regulatory
framework that is adopted by the organization. The organization also carries out regular follow-up sessions which are mainly
focused on ensuring good corporate governance practices are carried out by licensed stock brokerage firms. They also
observe enforcement actions as well as carry out market surveillance so as to promote integrity in Kenyan capital markets.
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7. REVIEW OF BUDGETARY PROCESS
The diagram below outlines the various stages where budgetary activities took place in implementing the marketing
activity.
UBKs Top Bank’s
PRE- management Shareholders
APPROVAL
Request for BUDGET
Activity
Proposal ESTIMATES Marketing No
activity Go Ahead End of process
(RFP)
proposal
directed to
steering Business
committee change/imp
act plan
Yes
Research and evaluation activities
BUDGET APPROVAL
POST-APPROVAL BUDGET (FROM COMPANY’S TOP
ESTIMATES MANAGEMENT)
Implementation
PROJECT Feedback system on negotiation
ASSESSMENT &NEGOTIATION
LAUNCH
Figure 4: diagram illustrating the different stages of the budgetary process
Budget 1 was done in preparation of the acquisition proposal to be presented to the bank’s top management. This included
cost estimates for human, physical and financial resource requirements that would be required for the successful completion
of the marketing activity
Budget 2 constituted a team budget as well as a buyout budget. The team budget was prepared immediately after approval for
the commencement of the implementation phase of the acquisition activity.
18. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
7.1. Pre-approval budget estimates
After the executive steering team was directed to prepare an acquisition proposal, the team pulled together different
professionals in UBK to assist in evaluating the cost estimates for carrying out the marketing activity of introducing a new
product through acquisition. The budget estimate was prepared by the budget committee which comprised of members of
staff from the finance and operations, marketing, human resource and business development departments.
The analysis of available resources involved an elaborate analysis of the resources that were required for the marketing activity.
This was broken down into human, financial and physical resources. (See chapter 4)
The following table is a checklist of the available resources for the marketing project, with the budget estimates and actual
amount spent on the resources.
Resources Availability Pre- Post- Actual Variance % variance Variance %variance Notes
required checklist approval approval figures (pre- (pre- (post- (post-
Budget budget approval) approval) approval) approval)
estimates estimates
MANPOWER
Research/external 550,000 800,000 740,000 (190000) 34% (60000) 7.5% 1
consultancy
Kingdom start
team (3 months)
Executive steering 500,000 500,000 476,000 (24000) 4.8% (24000) 4.8% -
team (2)
Marketing 390000 390000 417,000 (27000) 7% (27000) 7% -
department (4)
Business 80,000 80,000 80,000 - - -
development
department (1)
Finance & 280,000 280,000 280,000 - - -
operations team
(2)
Human resource 90,000 90,000 90,000 - - -
team (1)-
OTHER
Buy-out provision 520,000,000 520,000,000 510,000,000 (10,000,000) 2% (10,000,000) 2% -
Through cash-flow
funding
Legal advisory and 12,000,000 15,346,000 17,694,000 5694000 47% 2348000 15% 2
processes charge
provision
Floor renovation 200,000 120,000 100,000 (100,000) 50% (80,000) 67% 3
cost estimates
OVERHEADS
Travelling 146,180 165,000 280,785 134605 92% 115785 70% 4
expenses
Office costs 86,400 65,450 66,210 (20190) 23% (760) 1.2% -
Audit fees 162,650 143,850 136,500 (26150) 16% (7350) 5% -
Figure 5: table on budget estimates, variances and resource checklist
19. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
7.2. Post-approval budget estimates
Once UBK’s top management approved the proposal to carry out the acquisition process, certain amendments were made
to the pre-approval budget estimates as advised by the top management. Provisions for floor renovation, legal processes &
advisory and external research services were amended.
The post-approval budget estimate acted as a check-off point to launch the project implementation phase of acquisition.
Once approval was given, the finance department member arranged with the bank’s finance and operations department on
allocating the already discussed and approved cost estimates. The top management settled for negotiations to be directed
towards a 60% share ownership, thus maintained the ksh 520 million budget in the pre-approval phase.
7.3. Budget variances
Note 1-the team negotiated with Infotrak to reduce the agency charges by Ksh 60,000.
Note 2-The government license fee remained at ksh 17,283,000. However, the 15% increase was brought about due to legal
representation service charge. The bank should have sought the legal arm that represents it to assist in selection of legal
representation, or the legal arm (legal department) carry out the legal representation. This would have resulted in a reduction
in such costs.
Note 3-the floor renovation costs significantly reduced to ksh 100, 000, a 67% reduction. The team resorted to renovate a
room that was previously used as a store which had most of the requirements that were required by the team. This included
Note 4-the team incurred extra expenses in transportation and accommodation for the team building expedition. The team
could have reduced the expenses by carrying out the team building exercise at the bank’s training center.
8. COST BENEFIT ANALYSIS
MANAGEMENT SUMMARY
Assumptions and Challenges - discounting errors; the cost benefit analysis is prone to discounting errors as present values are estimated
for future costs and benefits. This is because costs and benefits are not predictable in time and quantity.
-Difficulties in estimations-some of the benefits and costs cannot be accurately estimated, especially in
monetary terms. This brings about considerable errors of estimation.
-the analysis will develop estimates from related historic activities of the bank whilst considering their average
deviations. This will mainly apply for the estimation of benefits.
-it is assumed that figures used in the analysis hold high levels of integrity, and that the parameters for the
estimates are well grounded.
Evaluation Criteria: The criteria used for evaluating the alternative stock broking firms to acquire ownership was evaluated
considering the following;
-alignment to the bank’s strategic objectives
-the ease & efficiency of the firm to synchronize with UBK. This implies that a cultural match is also key
-the firm’s reputation/corporate image
-the firm’s stability and strength for business continuity-profitability is essential
The criteria used in allocating the cost estimates for the marketing activity considered the following;
-historic costs for the various costs e.g. remuneration, office costs, legal costs
DESCRIPTION OF BUSINESS
STATE
Current State The bank lacked a stock brokerage service offering
Proposed State The proposed acquisition project aims at the bank gaining 60% ownership of an existing stock brokerage firm,
20. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
through forming a “kingdom start” team and carrying out negotiations for ownership.
The Funding strategy for the acquisition focused on cash-flow funding for the planning, management and
implementation activities.
COSTS Cost elements Sub costs totals
Operational Costs: Travelling expenses 280,785
Floor renovation cost estimates 100,000
Staff costs 1,343,000 1723785
Non-Recurring Costs:
Capital Investment Costs: Cash flow funding 510,000,000
Other Non-Recurring Costs: Legal advisory and processes charge provision 17,694,000
External agency expenses 740,000
Audit fees 136,500 528570500
Monthly Recurring Costs: Staff costs 3,653,000
Office costs 22,070 3675070
Total costs 533,969,355
BENEFITS
Increased revenue diversification opportunities - product portfolio 376,000,000
diversification contributes to spreading of risk as well as increasing
revenue streams from new product.
Increased market share accrued from offering the stock brokerage 460,300,210
product to a market that has an interest in the stock market.
Shorter break-even period since the bank buys an already established 152,800,838
stock brokerage outfit
230,000 989,331,048
Increased synergy-UBK engages in various investment activities in Kenya’s
stock exchange market. Running a stock brokerage firm reduces the
bank’s legal and processing costs.
Non-Quantifiable Benefits: Increased customer satisfaction levels leading to increased loyalty
and Overall value creation to the bank’s stakeholders
Increased customer base as people seek stock brokerage services in UBK,
they open accounts with the bank
Ease and cost effective management of investment activities in stock
exchange market-having its own stock brokerage outfit greatly improves the
banks efficiency in carrying out investment activities. Consequently, the
relative costs of investing reduce as the bank has more business intelligence,
skills and resources required.
Enhanced competitive advantage through offering services related to
traditional banking functions, the product cuts a better competitive position
in the market.
Acquisition of intangible benefits from firm acquired- benefits that UBK
gains through gaining ownership of Bob Mathews; include 176 skilled staff
with better knowledge on the stock brokerage business. This benefit reduces
training and development efforts and costs while improving performance.
Bank’s contribution towards Kenya’s economy-Through the provision of
stock brokerage services in line with other functions of the bank, they
encourage the Kenyan population to participate in the stock market, which
consequently contributes to improvements in the country’s economy.
Total benefits 989,331,048
COMPARATIVE
COST/BENEFIT
SUMMARY
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Estimate Total cost of 533,969,355
ownership
Estimate Total benefits 989,331,048
Net present value The marketing activity will have a net present value of ksh 412 billion for 412,644,144.6
UBK.
Estimated return on The Return on investment for the marketing is timely for UBK 0.85(85% in 1
investment in 1 year year)
Figure 6: cost benefit analysis table with comparative summary
*interest on capital expenditure=8% *Return on investments estimates project will start paying for itself by 1st year
9. EVALUATION & MONITORING
9.1. Cost & Income metrics
This was measured through profit and income levels for the organization between 2008 and 2009.The bank’s financial
statements at December 2008 indicated that they registered a pre-tax loss of ksh 7 billion. This was largely contributed by
high total expenses brought about by the bank’s high employee costs and operational/administrative expenses. As a whole,
KSL has low profitability, which would indicate a longer break even period for the acquisition activity.
The bank has failed to address the high employee costs hoping that in another 2 years the business will have reached its
break-even point. They however addressed the operational expenses by reducing advertising costs by 13% as advertising
constituted a large portion of the bank’s total expenses within a greater part of 2008.The bank should make use of digital
marketing techniques to reach their clients, especially since the larger portion of investors in the stock market fall under the
youth bracket, who appropriately use the internet the most. Search engine optimization and social media advertising would
be ideal.
9.2. Company asset & investment metrics
UBK’s current ratio in 2008 was 1.37 whereas in 2009, it grew to 1.44.This indicates that KSL has a relatively good short
term financial status. This is calculated considering the bank’s total current assets and current liabilities for 2008 and
2009.this can be improved by settling/offsetting its debts and converting some of its non-current assets to current assets
such as its property investments.
The banks equity ratio for 2009 was 0.84; meaning for every ksh 1 employed in KSL, shareholders and approximately ksh 80
cents was contributed. This also implies that the majority of the assets for the activity are funded through equity.
The firm’s return on capital employed (ROCE) for 2008 was 0.7 while in 2009 it rose to 1.43.This means kingdom securities
ltd. is improving its efficiency in management and use of its funds over the years.
9.3. Strategic metrics
These include the activity’s contribution towards development of Kenya’s stock market, as well as gaining a voice on the
Nairobi stock exchange board and reducing its investment activities & management costs.
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This has been well achieved as the bank’s subsidiary, kingdom securities ltd. is listed as one of the key players in the Kenyan
stock brokerage business. The firm is formally recognized in the Nairobi Stock Exchange (NSE), Capital Markets Authority
and the Central bank of Kenya.
The bank acquired 176 skilled and experienced staff from Bob Mathews. From their experience and business intelligence,
these can offer the bank’s group investment advisory services as well as legal and procedural functions at no cost. This
reduces investment activities and management costs.
Metrics based on kingdom securities financial statements (2009)
10. IMPROVEMENT OPPORTUNITIES IN PERFORMANCE MANAGEMENT
Hackman et al (Berkley University) describe performance management as “an ongoing process of communication between a
supervisor and an employee that occurs throughout the year, in support of accomplishing the strategic objectives of the
organization” .They further point out that the communication process entails elaborate clarification of expectations,
objectives setting, goal identification, providing feedback and results evaluation. Clearly noted is that performance
management is an ongoing process; as a “cycle” that goes through 3 steps namely planning, checking-in and assessment.
10.1. Planning
Scenario planning involves a firm creating different possible scenarios, so as to develop clearer images on what to expect
in the future given different scenarios. Schnaars et al in the Essentials of Scenario Writing (Business Horizons 44, no. 4 2001)
suggest several approaches to scenario planning, one being through forming independently themed scenarios. To improve
performance, UBK could develop 2 scenarios, one addressing probable changes in market while another addressing cultural
clash in acquisition. This brings about preparedness and faster response rates to future issues that may arise following the
marketing activity carried out. It will also give the management a more elaborate way to communicate and plan with its team
towards achieving the team’s goals. Again, scenario planning provides the steering team an opportunity to explore options
that may work better than the acquisition process adopted in building the stock brokerage product.
It will also engage the steering committees for different projects to carry out better investigations on assumptions.
Scenario planning requires that frequent tactical surveys are carried out, which in turn reduce planning errors such as
inappropriate funding or poor resource allocations, as was the case with the high employee expenses incurred by Kingdom
securities in 2008 and 2009.
10.2. Checking in
Communication should be open and collaborative. Right from marketing activity planning to execution to monitoring,
right skills and right culture would contribute towards improved communication within the team. Communication is critical
in any business activity as it provides avenues for effective scenario planning and consequently contributing towards
performance management. Formal training on communication skills as well as setting aside open days for both the
employees and their clients would build on openness and synchrony at work. Most importantly, leader coaching from both
teams that is from UBK and Bob Mathews is essential in equipping the leader in conflict resolution and skills required to
encourage teamwork.
Good communication also constitutes clarification of shared visions between UBK and Bob Mathew’s staff on the ideal
culture for the formed team.
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Establishing team milestones would act as appropriate rewards to the team members. Members will feel like they belong,
and contribute more effectively towards achieving the team’s goals. This is because they will visualize progress better as well
as feel that both their individual and group achievements are rewarded.
10.3. Assessment
Self-appraisal systems-To facilitate assessment, the team could carry out individual appraisals regularly which are focused
on encouraging individual accountability. Once individuals take charge of monitoring and evaluating their role performance,
they will improve their performance in their specific tasks and as a group/team
An effective fit between the best practices and standard procedures in both firms is critical in ensuring levels of
performance are maintained and that a culture clash does not arise. This will also greatly contribute towards the integration
processes of key processes such as compensation of staff, organizational approaches and general expected codes of conduct
within the organization
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Appendix A: BACKGROUND TO UNIVERSAL BANK OF KENYA
UBK’s COMPANY HISTORY
Formed in 1965, Universal Bank of Kenya (UBK) started as a cooperative society and opened business in 1968 with a capital
base of ksh 255,000 and a ksh 214,000 government supplement. It became a fully-fledged commercial bank in 1994 and 14
years later became listed on the Nairobi Stock Exchange through a public offer to achieve an 81% share subscription.
Vision-to be the leading and dominant Kenyan bank with a strong countrywide presence, playing a central role in the
cooperative movement and providing relevant and innovative financial services to our customers for the optimum benefit of
all our stakeholders.
Mission-to offer value-added financial services to our chosen market segments with special emphasis on the cooperative
movement through a highly effective network of service points, excellent customer service and a highly motivated team of
qualified personnel.
Core values-We Proud to be the cooperative bank
We value our bank’s reputation
We employ best practices
We value our customers
We execute at speed
We grow our people
INDUSTRY PERFORMANCE VS. UBK PERFORMANCE
UBK is a one of the players in Kenya’s banking sector which is comprised of 46 institutions; banking and non-banking, and
15 micro financing institutions, as at 2008.
The banking sector in Kenya is stabilizing from the 2007 post-election violence that greatly affected all key sectors in Kenya.
Increased Assets and deposits, capital injections and profit retentions have contributed to a significant growth in the
profitability within the sector. With the sector facing a fall in inflation from 5.2 % to 4.0 % February –March periods;
coupled with a marginal decline of commercial bank’s lending rates to 14.8%, Kenyans are expected to take on more
economic activities with confidence. The sector has embraced new technology mainly for improving service delivery.
UBK’s financial performance is largely driven by a capital base boost from the bank’s 2008 IPO, which has contributed
towards its extensive expansion goals. In 2009, the bank made a 3.74 billion pre-tax profit, a 11% growth compared to
2008’s 3.4 billion profit. They also increased its total assets by 33% and saw customer deposits increase from 65.8 billion to
91.5 billion, both within the 2008-2009 period.
UBK’s CUSTOMER BASE AND MARKET POSITION
The bank registered a 71% growth in its customer base to 1.3 million from 700,000 million customers. UBK’s focus has
been over the years in cooperative societies. This has driven most of their business activities, most notably through its
cooperative movement efforts. Sacco-link and Front office service activities have spearheaded UBK’s core focus which
contributed towards the bank serving up to 150 cooperative societies. The bank has also diversified its product portfolio to
address different banking needs within the Kenyan market; such as Yea Youth account, Good Home mortgage, and
Kingdom securities stock brokerage services as well as embracing technology through m-banking (mobile banking).The
bank has 79 service outlets and 9 upcoming branches locally. They plan to venture regionally to Uganda, Tanzania and
Southern Sudan.
As at December 2009, Central bank of Kenya’s bank supervision annual report place UBK’s market share at fourth position,
with Kenya Commercial Bank, Barclays bank of Kenya and Standard chartered bank leading respectively. This places UBK
second local commercial bank in net total assets over ksh 110 billion. UBK holds 9% of Kenya’s customer deposits(ksh 91
25. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
billion) with the market leader holding just over 13%(138 billion).Barclays Bank of Kenya leads in pre-tax profit with ksh 9
billion compared to UBK’s ksh 3.7 billion, the fourth largest.
PRODUCT RANGE
UBK offers 4 broad products which are customized to the different banking needs of the Kenyan market. These are divided
into divisions.
Co-operatives division-The core customer base of UBK, it offers banking services specialized to Kenya’s cooperative
movement who mainly comprise farmers. These constitute a large portion of Kenya’s population as agriculture is the
backbone of Kenya’s economy, contributing 23.4% of Kenya’s GDP.Considering that over 63% of Kenyans earn their
living either directly or indirectly from cooperative based societies (international monetary fund 2007),it is of great value to
focus on the movement. The bank’s efforts to fuse cooperatives financial systems and those of the bank through Front
Office Service Activities (FOSA’s) and Saccolink which facilitate over 3000 cooperative societies to bank efficiently and with
ease. Among other services, it offers overdraft facilities and Sacco revolving
Retail banking division-Offers current and deposit accounts such as Yea account (youth market), Salary account, Hekima
and Haba na Haba savings account, Goldfish access account (premium deposit account with high returns on deposits).These
are backed up by an extensive branch network of 79 outlets and 260 ATM’s all over Kenya. The bank has recently
introduced retail products such as GoodHome mortgage facility as well as executive current accounts. Plans are underway to
set up POS (point of sale) display units in malls and shops to increase accessibility to financial services for its customers.
Corporate/Institutional banking Division-business current accounts, UBK asset finance, Custodial services to customers
such as unit trusts and foreign institutional investors. Letters of credit, bonds and guarantees, insurance financing and bill
discounting are some of the specialized services UBK offers to its business clients. Educational institutions such as
universities hold educational partnership accounts whereas government banking account compliments the public sector.
Investment division-UBK investment services offers fund management services to both private and public organizations
.These services are complimented by their subsidiary stock brokerage division Kingdom securities ltd.
Electronic banking brings in efficiency in service delivery through offering increased accessibility of bank services through
mobile banking, with emphasis in M-pesa and UBK service merging which enables on the go transfer of money and utility
bill payments.UBK-net is still working on facilitating full internet banking usability to its customers in addition to the current
functions of in-house transactions and viewing account details. Through electronic banking, the bank is able to offer a direct
debit scheme which is essential in processing regular payments of UBK’s customers.
26. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
Appendix B: PERFORMANCE EVALUATION ELEMENTS
Performance score list
Behaviors/Process Measures Behaviour Results Measures Results
scores scores
Individual Person 1 Interpersonal Skills 8/9 Professional Advice and recommendations 4/6
Level: Ability to Deal with People 6/6 Completed Cases 5/6
An employee’s Team Participation 5/6 Written Reports 3/3
contribution to
Oral Communication 6/7
the
team Person 2 Interpersonal Skills 9/9 Professional Advice and recommendations 5/6
Ability to Deal with People 6/6 Completed Cases 6/6
Team Participation 4/6 Written Reports 3/3
Oral Communication 7/7
Person 3 Interpersonal Skills 3/9 Professional Advice and recommendations 3/6
Ability to Deal with People 3/6 Completed Cases 5/6
Team Participation 4/6 Written Reports 3/3
Oral Communication 6/7
Person 4 Interpersonal Skills 9/9 Professional Advice and recommendations 6/6
Ability to Deal with People 9/9 Completed Cases 5/6
Team Participation 5/6 Written Reports 3/3
Oral Communication 6/7
Person 5 Interpersonal skills 8/9 Professional Advice and recommendations 6/6
Ability to deal with people 3/6 Completed Cases 3/6
Team participation 5/6 Written Reports 2/3
Oral communication 7/7
Person 6 Interpersonal Skills 8/9 Professional Advice and recommendations 2/6
Ability to Deal with People 3/6 Completed Cases 3/6
Team Participation 5/6 Written Reports 1/3
Oral Communication 7/7
Person 7 Interpersonal Skills 8/9 Professional Advice and recommendations 4/6
Ability to Deal with People 5/6 Completed Cases 3/6
Team Participation 6/6 Written Reports 1/3
Oral Communication 7/7
Person 8 Interpersonal Skills 8/9 Professional Advice and recommendations 5/6
Ability to Deal with People 6/6 Completed Cases 6/6
Team Participation 6/6 Written Reports 3/3
Oral Communication 7/7
Team Level: Open and Honest 6/6
The team’s Communication
performance Effective Meetings 4/5
Team Mission 4/5
Clearly Defined Roles 4/6
Decision-Making Procedures. 5/5
Person 1: senior level marketing department
Person 2: middle level marketing department
Person 3: middle level marketing department
Person 4: middle level marketing department
Person 5: senior level business processes department
Person 6: senior level finance department
Person 7: middle level business change department
Person 8: middle level human resource department
27. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
Individual performance evaluation
1. Individual Behavior
i. Interpersonal Skills
a) with few exceptions, interacts effectively, tactfully, and cooperatively with all levels of the organization;
b) routinely expresses support for the value of diverse opinions;
c) routinely establishes rapport in initial contacts with others at all levels;
d) routinely gains support for ideas or suggestions through effective negotiation skills;
e) spends sufficient time cultivating contacts with peers to get timely information or resolve issues outside formal
channels;
f) Routinely keeps superiors, team members, and other appropriate parties informed of significant developments.
g) consistently wins the support and confidence of others in one-on-one as well as group situations;
h) presents positions with force and diplomacy, achieving agreement despite initial opposition;
i) handles confrontations and hostile reactions calmly, in a way that defuses the situation
i. Ability to Deal with People
a) routinely deals with others in a professional manner;
b) routinely keeps superiors, team members, and other appropriate parties informed of significant developments
c) calm and courteous, even when dealing with irate or rude people;
d) gets a point across in difficult situations without hurting feelings;
e) is highly effective in obtaining needed cooperation or support to complete a job; and
f) Negotiates effectively in delicate situations.
ii. Team Participation
a) Routinely assumes an appropriate amount of work/responsibility for group projects;
b) Usually demonstrates a willingness to assume other responsibilities as needed;
c) Generally shares knowledge of office procedures/equipment with other members of the team.
28. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
d) In times of crisis or high workload, is always willing to “jump in” and lend a hand to accomplish “must do” work;
e) In joint efforts, is always available for a full share of the load;
f) Always insures that appropriate people or offices within the agency are made aware of significant changes in
procedures.
iii. Oral Communication
a) Usually conveys information and ideas understandably;
b) Routinely asks for clarification if the meaning isn’t clear;
c) Usually relays telephone messages accurately with few exceptions;
d) Usually explains any need for information or input from others.
e) Has an excellent command of English, and expresses ideas with ease;
f) is highly articulate with all levels of employees; and
g) is unusually persuasive, one-on-one or with groups.
Individual Results
iv. Professional Advice and Recommendations
a) Provides expert advice to team members and customers that is usually accurate and timely; and
b) Advice is usually meaningful and contributes to the success of the team.
c) Advice contains innovative approaches/solutions to problems;
d) Improved accomplishment of team objectives results from employee’s unusual initiative and effective work habits;
e) Clients and team members seek out employee for advice and expertise;
f) Voluntarily completes a significant amount of additional work or special assignments
v. Completed Cases
a) Completes 10-25 cases of simple or average difficulty per month and 2-5 difficult cases per month. Cases are
completed using established procedures and effective case planning, prioritization, and development;
b) Handles preliminary investigations in a timely manner, with rare exceptions;
c) Case inventory declines by at least one case per month.
29. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
d) Applies innovative procedures that improve effective case planning, prioritization, and development;
e) Teaches innovative casework procedures to other team members;
f) Completes more than 35 cases of simple or average difficulty per month and completes more than 7 difficult cases
per month.
vi. Written Reports
a) With few exceptions, written products include accurate data, detailed information, and are in the correct format,
with only minor errors;
b) Written reports are produced as requested, usually within the time frames established, and routinely meet the
customers ‘needs.
c) Written products are error free, reflect great attention to detail, and completely review all aspects of the subject
matter.
Team performance evaluation
The Team's Processes
Open and Honest Communication
The supervisor, team leader, and team members are generally satisfied that:
a) Team members communicate openly and honestly with each other without fear of telling the truth;
b) Team members provide feedback on each other’s performance;
c) Team members express their opinions and everyone’s opinion is heard;
d) The team works together to solve destructive conflicts rather than ignoring conflicts;
e) The team encourages every member to be open and honest, even if people have to share information that goes
against what the team would like to hear;
f) The team recognizes that everyone on the team has something to contribute— such as knowledge, skills, abilities,
and information— that is of value to all.
Effective Meetings
a) Team meetings are planned and each meeting has an agenda;
b) Team members are prepared, give the meeting their full attention, and the team accomplishes what it set out to
accomplish during the meeting;
c) Meetings have a facilitator who is responsible for keeping the meeting focused and moving;
30. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
d) Designated team member takes notes of the key subjects, main points raised, and action items;
e) At the end of the meeting, the team sets an agenda for the next meeting and conducts a 1-minute evaluation.
Team Mission
The supervisor, team leader, and team members are generally satisfied that:
a) Each person on the team knows exactly why the team exists and what it contributes to the organization;
b) Members understand and can explain how the team fits into the organization;
c) Members know exactly why the team does what it does and agree on the team’s mission, or they work together to
resolve disagreement;
d) Members know and understand the team’s priorities and goals and they progress steadily toward those goals;
e) Everyone on the team is working toward accomplishing the same thing.
Clearly Defined Roles
The supervisor, team leader, and team members are generally satisfied that:
a) Team members understand their duties and know who is responsible for specific issues and tasks;
b) Team members have the skills they need to accomplish their roles within the team;
c) Each team member’s role is known and makes sense to the whole team;
d) Team members clearly understand the team’s rules of how to behave within the group;
e) Team members understand which roles belong to one person and which are shared, and how the shared roles are
switched;
f) The team uses each member’s talents, and involves everyone in team activities so no one feels left out or taken
advantage of.
Decision-Making Procedures.
The supervisor, team leader, and team members are generally satisfied that:
a) The team discusses how decisions will be made, such as when to take a poll or when to decide by consensus;
b) The team explores important issues by asking members to vote or state an opinion verbally or in writing;
c) The team tests for a consensus;
d) The team uses data as the basis of decisions;
e) The team can reach a decision and support that decision.
31. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
Appendix C: REFERENCES
1.Annual reports (2009), Nairobi stock exchange
http://www.nse.co.ke/newsite/inner.asp?cat=areport [Retrieved 18th February 2010]
2.Ansoff, H. I.,Strategies for diversification,Fowski
http://www.foswiki.org/pub/Sandbox/.../Strategies_for_diversification.pdf. [Retrieved 5th april 2010]
3.Eaton, B. Tuckman’s Five Stage Model,
http://www.berlineaton.com/resource_files/Tuckmans_Model.pdf [Retrieved 23rd February 2010]
4. Hackman et al, Guide to managing human resources, Berkley University
http://www.hrweb.berkeley.edu/guide/performance.htm [Retrieved 6th March 2010]
5.Kingdom press release, co-operative bank of kenya
www.co-opbank.co.ke/Main.../Kingdom-Securities-Press-Release [Retrieved 16th february 2010]
6.Kingdom securities ltd financial results, Cooperative bank of Kenya
http://www.co-opbank.co.ke/Main-Site/Home/Kingdom-Securities/Kingdom-Securities-Financials [Retrieved 6th March
2010]
7.SAP White paper (2004) New product development and introduction, SAP AG
8.Schnaars, Steven, and Paschalina Ziamou. "The Essentials of Scenario Writing." Business Horizons 44, no. 4 (2001): 25–
31.
9.Sull, d. (2010), competing through organizational ability. mckinseyquarterly
http://www.executiveeducation.london.edu/.../compete_through_org_agility_McKQ.pdf [Accessed on 12th June 2010]
32. MANAGING MARKETING [SEPTEMBER 2010] MEMBERSHIP NUMBER: 13335982
‘I confirm that in forwarding this assessment for marking, I understand and have applied the CIM policies
relating to word count, plagiarism and collusion for all tasks. This assignment/project is the result of my
own independent work/investigation except where otherwise stated. Other sources are acknowledged in
the body of the text and/or a bibliography is appended. The work that I have submitted has not previously
been accepted in substance for any other award and is not concurrently submitted in candidature for any
other award.’
MEMBERSHIP NUMBER: 13335982
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