EBK PRINCIPLES OF MARKETING
17th Edition
ISBN: 9780134461427
Author: Armstrong
Publisher: YUZU
expand_more
expand_more
format_list_bulleted
Question
Chapter 18, Problem 18.16VC
Summary Introduction
Case summary:
The very competitive industry in recent times is retail banking industry and it dominates the overall market. This becomes more challenging for the small banks to survive. Bank U took steps to overcome these challenges. The bank creates a business model which transfers the retail drudgery to a universal experience.
It creates an atmosphere where the people loves to fall out. It provides laborious servicer to the customers by way of measuring the performance of the each and every employees and branch.
This creates a feeling to every customers the bank offers the attention and help.
Characters in the case:
- Bank U
To discuss: The competitive advantage of Bank U.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
"On what three priorities might BankRI representative Matt Weiner have based the decision to extend Moon Associates’ line of credit or offer additional financing? What are the “five C’s of credit”?"
Financial education is an important component of our students' educations. For many young people, college is their first money management experience. Explain to new entrepreneurship students the purpose of financial management for an entrepreneurial venture.
Please do fast ASAP
An entrepreneurial opportunity has three distinct characteristics related to value,
novelty and desirability. Examine these characteristics in the entrepreneurial
opportunity(ies) captured in the "Tyme Bank: digital disruption in SA’s banking
sector" by Urban, B. and Townsend, S. A. (2021) in the Emerald Emerging
Markets Case Studies, 11 (2) 2021.
Knowledge Booster
Similar questions
- Identify four or five potential critical success factors for a large savings and loan institution.arrow_forwardPersonal experiences, hardships, and a desire to overcome adversity frequently catalyze entrepreneurship (Robb, 2022). Santosh Kshirsagar, the founder of Dragon Karate Sports, is a case study on the transformative power of determination and pursuing one's passion. This case focuses on Santosh's entrepreneurial path, which began with humble beginnings and progressed through several hurdles to develop a thriving karate institution in Kolhapur. Hence, this case study centers around Santosh Kshirsagar, a dedicated individual who started on an entrepreneurial adventure to establish his karate academy, Dragon Karate Sports, despite various hurdles and hardships. Santosh Kshirsagar's entrepreneurial career is a fantastic tale of perseverance, determination, and pursuing a dream. Despite having an absent father and a troubled family, Santosh found refuge and inspiration in karate. The presence of a karate academy near his brother Amit's college piqued Santosh's interest in the sport at a young…arrow_forwardDiscuss the FIVE (5) C's lenders and investors look for in a business plan and comment on how these could be affected given an entrepreneur has recently had to close down a business.arrow_forward
- You have just graduated from the MBA program of a large university, and one of your favorite courses was “Today’s Entrepreneurs.” In fact, you enjoyed it so much you have decided you want to “be your own boss.” While you were in the master’s program, your grandfather died and left you $1 million to do with as you please. You are not an inventor, and you do not have a trade skill that you can market; however, you have decided that you would like to purchase at least one established franchise in the fast-food area, maybe two(if profitable). The problem is that you have never been one to stay with any project for too long, so you figure that your time frame is 3 years. After 3 years you will go on tosomething else. You have narrowed your selection down to two choices: (1) Franchise L, Lisa’s Soups, Salads, & Stuff, and (2) Franchise S, Sam’s Fabulous Fried Chicken. The net cash flows shown below include the price you would receive for selling the franchise in Year 3 and the forecast…arrow_forwardCritically analyse how Capitec can become South Africa’s biggest digital bank. ....please detail the answer as best as possible in explinationarrow_forwarddiscuss the sources of equity financing for: 1-Venture capital firm 2-Small business investment companies 3-Public offering 4-Mergers and acquisitions 5-Angels 6-Family and friendsarrow_forward
- Being a manager of a bank, how would you design customer relationship management strategies and what sort of relationship bonds (i.e. financial, social, customization, structural) would be more beneficial for the bank.arrow_forwardIs this statement true or false? It is advisable for entrepreneurs to make detailed cost calculations for every product or service they are selling. Through this effort, they can price their products competitively without sacrificing their profit margins.arrow_forwardAn entrepreneurial opportunity has three distinct characteristics related to value, novelty and desirability. Examine these characteristics in the entrepreneurial opportunity(ies) captured in the "Tyme Bank: digital disruption in SA’s banking sector" by Urban, B. and Townsend, S. A. (2021) in the Emerald Emerging Markets Case Studies, 11 (2) 2021arrow_forward
- FROM THE PHOTO PROVIDED, ANSWER THE FOLLOWING: NOTE: THE ANSWERS MUST BE RELATED TO THE PHOTO PROVIDED. DO NOT USE OTHER SOURCES. A) What is the primary role of a financial manager? B) What is the best part of being a financial manager? C) How does a financial manager affect the firm’s overall strategy?arrow_forwardEconomics What are the strengths and weaknesses of this small business idea? My business name is Front-Line Childcare. It will be an extended-hour child care program for children of first responders and healthcare workers. My business concept will be in the industry of childcare, but it will focus on providing childcare for front line workers such as doctors, nurses, firefighters, and other front line workers. These harding working individuals whose job is to give back to the community is my target market audience. My business concept will also give back to this group by providing affordable childcare for their children.arrow_forwardThe same investor in part A also wants to know more about the following terms: Active investing, Passive investing and smart beta. Define and outline the key features of these different styles of investingarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles Of MarketingMarketingISBN:9780134492513Author:Kotler, Philip, Armstrong, Gary (gary M.)Publisher:Pearson Higher Education,
MarketingMarketingISBN:9781259924040Author:Roger A. Kerin, Steven W. HartleyPublisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Marketing: An Introduction (13th Edition)MarketingISBN:9780134149530Author:Gary Armstrong, Philip KotlerPublisher:PEARSON
Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning