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Creating tomorrow's financial services organisations : unlocking the business benefits for total customer satisfactionSwart, Jacques Matthew 14 August 2012 (has links)
M.Comm. / The aim of this study is to consider how to create tomorrow's financial services organisations. Information technology and business reengineering are important within financial services organisations and have a prominent role to play in using the long-term viability of the organisation. Customers' interaction with a new technology environment has resulted in higher levels of customer satisfaction with a corresponding demand for customised and specialised services instead of traditional standardised banking services. The constant challenge of all banks, however, should be to keep abreast of change by translating business intelligence into innovative strategies. Customer's demands will dictate the new wave of banking for years to come. Ultimately, the change will come in whatever form the market and consumers demand. Business success therefore depends not only on the development of an excellent strategy but also on its effective execution. With the best will in the world, companies can develop a convincing strategy to take business forward, provide excellent products and expand the customer base. Unless companies have the appropriate supporting cultural and technological skills to enable rapid and efficient response to customers' needs, they will undoubtedly fail. Another aspect that is discussed in the thesis is the close interrelationship between marketing and business requirements in product innovation within the banking industry, specific to customer demands. The objective of this study is to give an insight into better-informed decisionmaking and the important role that business process re-engineering can play as an overall strategic resource in financial services companies to gain a competitive advantage. The efficient and effective use of information as a strategic resource in a financial services company is becoming more and more important. The real competition is for market share and trying to satisfy the needs of customers. Finally, the aim of this study is to address the importance of how to obtain a better return on information, for managers to make informed decisions that are better, quicker, more accurate and timely.
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The implementation of business process management in the retail banking sector.Sarang, Sharifa 24 April 2008 (has links)
The principle aim of this study is to investigate the relationship between business process management and business performance, and the effectiveness of business process management in South African banking industry. This study has been undertaken with the specific objectives of understanding the difference between business process reengineering and business process management, whether business process management can be successfully implemented in a retail banking environment and, if so, how to implement and apply business process management in a banking industry in order to achieve business success. Banks are seeking to improve operational efficiencies, meet customer demands more quickly, and leverage existing technology investments. Business process management has the potential to deliver the benefits of process efficiency throughout all stages of a business process and to all areas of the organisation. Business process management focuses on business practices and management disciplines as the underlying enablers of a process-centric organisation The exploratory study was conducted to identify the process performance and readiness of a bank to implement business process management. / Prof. S. Kruger
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How business process engineering can contribute to a sustainable business environmentSephoti, Omphemetse 14 January 2014 (has links)
M.Phil. (Engineering Management) / “Business Process Engineering has now become the most important trend in modern businesses. It is often dressed up as many other things, but in the end, how the business delivers value is dependent on the operational effectiveness of its processes” [8]. It is important to understand the benefits that business process engineering will provide in allowing business to be effective through its processes. The benefit needs to be quite evident for a long period of time, while business displays the signs of sustainable growth. I conduct this research to see how the two concepts, which are business process engineering, align in ensuring that business carries on offering the relevant offering to the customer. The approach I used in this research was firstly through understanding what the literature on business process engineering and sustainability entail in order to establish alignment. I therefore formulated a research question based on the variables that were derived from the literature review. These variables are both from business process engineering and sustainability. I further on conducted surveys, interviews with the relevant subject matter experts as well as other business owners. What emanated from the research was that there is a close correlation between the two concepts. It was also learned from the survey and interviews that organisations are so much in favour of sustainable solutions, however the challenge is always on what tools to use, how to use the tools effectively as well as benefit measurement of process engineering interventions. The survey results and the interviews showed that even though organisations think of sustainable solutions, it still seems that there is always an opportunity to implement quick wins that in most cases do not align to the long term goal of creating a sustainable growth of business. This research is important, as it tries to indicate the importance of aligning business process engineering projects to the vision and strategy of the organisation. This approach will ensure that the time and cost invested in executing the strategic and business as usual projects will produce good returns in terms of company performance.
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Lean production and business process re-engineering in a South African context: a case studyKruger, David Johannes 25 March 2010 (has links)
D.Phil. / The new millennium brought its own pressures to bear on organisations insofar as competitiveness and profitability is concerned. Globalisation required businesses to become more competitive through the elimination of waste, reducing costs and improving general business processes. The improvement of business processes has been around since the early 1990’s, but due to a number of factors organisations were wary of change. The major reasons were that the methodologies that were available were abused when business processes were investigated for possible improvement. Organisations utilised the available methodologies to achieve cost savings in the most obvious place, staff reductions. Before the advent of globalisation it was sufficient, but after globalisation more is expected from organisations. The security exchanges place undue pressure on organisations to perform with higher profit expectations. Customers were demanding better and cheaper products from organisations. Shareholders had higher expectations for the monies invested in an organisation. A consequence of the downsizing of organisations was that the value added by organisations was shrinking. Employees, shareholders and customers felt cheated. Business leaders were questioning the existing methods in which production were undertaken. The management of large conglomerates, multinationals and even small business was yearning for improvements. In the global economy organisations were looking to expand their market share. Many achieved it through mergers or takeovers. The organisations that were taken over were in some instances not on the same standards of performance as the parent company. Quick results were required to assure a reasonable return on investment for the parent organisation. Business leaders and consultants ran out of ideas how to achieve the return on investment required. Many of the organisations returned to the tried and trusted methodologies of improvement. The researcher was requested by ASSA ABLOY Southern Africa to assist them in achieving lean status through the implementation of recognised improvement methodologies. iii The research of the methodologies of BPR, lean production, lean techniques, Quality management six-sigma and associated methodologies were undertaken. The purpose was to determine whether the theories remained valid in the 21st century. The reason was that some of the methodologies were developed during the 1900’s and were improved upon during the 1990’s. The main thrust of the study was the need for improvements where processes were neglected for a long period of time. In instances as described, a need for radical interventions becomes necessary. The methodology of BPR was investigated to establish the relevancy of the methodology in the global environment. Even though the methodology was developed in the 1990’s it was still an authoritative methodology. The methodology delivered the necessary radical improvements that can aid an organisation in becoming more competitive. The correct application of the methodology by an organisation can produce the desired results. The study of the methodology produced clear procedures that had to be followed for the success of an improvement project. The conclusion from the study of the literature was that the methodology could be applied to ASSA ABLOY Southern Africa. To achieve it certain modifications had to be made to the methodology. As the study progressed it became apparent that the methodology of BPR will be insufficient to achieve lean status. Therefore the methodology of lean production was studied in combination with BPR. The methodology of lean production demands that an organisation eliminate waste and reduce cost. The single most important source of waste and cost is the holding of inventory. The holding of excess inventory masks the real reasons why an organisation is not performing well. It is that the organisations processes are dysfunctional. Different classes of waste were identified during the research as well as the costs that are incurred as a result. Different strategies were identified to prevent the wastes and cost to occur or at least minimise it. The lean methodology identified a number of other methodologies that could be utilised to achieve lean status. The methodologies of Kaizen, Kanban, standardisation, small batch production and many others were identified. iv The methodologies focussed on inventory, capacity, facilities and labour. The conclusion was arrived at that it was an authoritative set of methodologies. Most of the methodologies originated from Japan. It became apparent that the management of quality was very important to be competitive. Inferior quality was major contributors towards waste and cost. A number of methodologies were investigated. In some instances the research postulated the fact that a combination of the methodologies studied was better suited to the achievement of lean status. The researcher applied the methodologies to the case study of ASSA ABLOY South Africa and spectacular improvements were achieved. Even though lean status was not achieved by the organisation during 2006 and 2007 they are well on their way to do so. The only prerequisite is that ASSA ABLOY Southern Africa remains true to the methodologies and apply them diligently.
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An engineering management framework for the SA clothing industry with a focus on Kwa-Zulu NatalRamdass, Kem 25 March 2010 (has links)
D.Phil. / The SA clothing industry shed over 67 000 jobs in the past three years (Bell, 2006). There was a possibility that more jobs may be shed in the South African clothing industry over the next few years (Bell, 2006). The SA Clothing and Textile Workers Union (SACTWU) reached a wage agreement with nine clothing employer associations for a 5% increase in urban areas and between 6.4% and 8.3% for non-metro areas in 2006 (Reeder, 2006).The cut, make and trim (CMT) industries who were registered with the bargaining council found it a financial burden to negotiate wage increases yearly as production costs were escalating and organisations found it difficult to compete both nationally and internationally. If laying off of workers in the clothing industry continues, the unemployment rate would continue to rise, thus increasing the poverty levels in South Africa. The SA clothing industry in particular was being challenged by forces both externally and internally. Global competition, market performance and the changing technology were some of the factors that affected the industry. This study aims to highlight the importance of existing practices that, if implemented systematically, could improve the current plight of clothing manufacturers (Urbach, 2006). The methodology of the research comprises a qualitative exploratory and descriptive design. The purpose of exploration was to gain insight into current manufacturing practices by systematic observation and discussions at clothing manufacturers in Kwa-Zulu Natal. Personal and telephonic interviews, discussions and direct observation were used to gain insight into the issues and strategies employed. Relevant literature in conjunction with national and international manufacturing trends was used to create a framework of best practices. Parts of the framework were tested at clothing manufacturers in the Durban region. A sample of clothing manufacturers were targeted by categorizing them into three groups, namely small, medium and large manufacturers. Case study type comparisons were made at various locations to analyse the strategies employed. The objective of the framework aims to enhance current practices through the employment of best practices found in industrial engineering, operations management and quality management. This would assist manufacturers in improving their productivity levels, meeting lead times, reducing costs of manufacture and providing the customer with a quality product at a market related price. By implementing a systematic approach to continuous improvement, manufacturers would be able to distinguish themselves from competitors.
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A review of the re-structuring of the Nelson Mandela Academic Hospital through the change management approachNodikida, Mzulungile January 2018 (has links)
The research used a change management approach to analyze the restructuring of the Nelson Mandela Academic Hospital from a tertiary to a central hospital. The study was underpinned by two objectives. Firstly, to analyze the restructuring of the Nelson Mandela Academic Hospital from a tertiary to a "central" hospital using the Core Elements Framework of change management developed by Antwi and Kale (2014). Secondly, to use the knowledge gained through literature review combined with the experiences of the managers at Nelson Mandela Academic Hospital to inform future healthcare reforms in general and particularly in the restructuring of hospitals. The Core Elements Framework by Antwi and Kale (2014) identifies six fundamental change elements from both emergent and planned change management approaches. The six elements are regarded by theorists from the two different schools of thought i.e. emergent change and planned change as key for successful change. The Core Elements Framework by Antwi and Kale, (2014) demonstrates the strength of not viewing the two approaches to change management as mutually exclusive but as complementing each other when the other is falling short. The study identified the following: ■ The change was prompted by clearly identifiable external factors more than internal factors. ■ There was notable lack of organizational harmony which may have negatively impacted the change process. ■ The Private Public Partnership (PPP) funding model which was aimed at delivering the central hospital collapsed, after a study discovered that it benefited the private sector more than the public sector. ■ There was no proper consultation of major stakeholders for preparation of the change. ■ Resources in all material forms were not made available for the change to take off, this means that there was no organizational capacity to execute the change. The study draws the conclusion that lack of organizational capacity, organizational harmony and a proper consultation process for stakeholders are the main reasons why the restructuring of the Nelson Mandela Academic Hospital is not yielding the desired results. The study recommends that organizations should implement a multidimensional approach for any change initiative to be successful and that organizations must ensure the availability of the necessary resources when embarking on change.
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Strategic management techniques used to add value in a profit driven organization14 August 2012 (has links)
M.Ing. / This report addresses an empirical study into the re-structuring of Transnet group of companies. The study is based on the outcome of the re-engineering process focusing on Spoornet as a member of Transnet. The departments partially studied are, the Infrastructure Maintenance department and Train Operations department with-in Spoornet. The objective of this study is to achieve a break-even point between maintenance and the business side so as to increase operational profit in Spoornet. Outsourcing is a management tool used to make more profit. It is also a way of getting rid of unwanted business units. This will help increase shareholder value and reduce operating costs so that management can focus on core business units. The results expected from outsourcing in this study are aligned with the business process engineering "BPR" results. From the BPR results the business units were classified as core and non-core business units. Non-core business units were discontinued while core business units were further classified into core department, which is the running of trains, and the non-core department as maintenance departments. The maintenance departments are fully represented on a functional level while they used to have a full representative on the corporate level before restructuring. Cutting-off these logistic support departments at a corporate level, can have an effect on maintenance being undermined due to lack of specialists input at a higher level in terms of systems engineering and maintenance. This can lead to system's lack of maintenance and an increase in systems failure, making the system un-reliable and unsafe for the passage of trains while on the other hand the business will be lost back to the competitors, who in this case is the road freight business. A case study is discussed in the dissertation where value added techniques such as the business turnaround process, outsourcing and Integrated Logistic Support "maintenance" were applied in this study.
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A study on the effectiveness of a business process reengineering project in a local power utility.January 1997 (has links)
by Chan She Kei. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. / Includes bibliographical references (leaves 85-86). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iv / ACKNOWLEDGMENTS --- p.vi / LIST OF TABLES --- p.vii / LIST OF CHARTS --- p.viii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- RESEARCH METHODOLOGY --- p.4 / Basic Scope of the Study --- p.4 / Basic Approach --- p.5 / Confidentiality --- p.6 / Chapter III. --- LITERATURE REVIEW --- p.7 / Organisational Development --- p.7 / Emerge of Business Process Re-engineering --- p.8 / Principles and Basic Steps for Re-engineering Business Process --- p.10 / Obstacles for BPR --- p.15 / Organisational Culture and BPR in Chinese Community --- p.17 / Lessons Learnt from Experience --- p.19 / Chapter IV. --- THE BPR CASE --- p.22 / Background of Asset Creation Team --- p.22 / Urgency for Changes --- p.23 / Objectives --- p.24 / Approach --- p.25 / Issues --- p.25 / Benchmarking --- p.26 / Recommendation --- p.27 / Organisational Change --- p.28 / Implementation --- p.29 / Chapter V. --- DISCUSSION AND ANALYSIS --- p.31 / Top Management Commitment --- p.31 / BPR Team Member --- p.32 / BPR Project Process --- p.33 / The Proposed Change --- p.35 / Human Aspects of BPR --- p.42 / Chapter VI. --- EMPLOYEE SURVEY --- p.46 / Objectives --- p.46 / Survey Responses --- p.47 / Discussion on Survey Findings --- p.49 / Corporate Change Strategies --- p.49 / Corporate and Personal Culture --- p.52 / Work Organisation and Operating Efficiency --- p.56 / Impact on Employee due to the Change --- p.58 / Chapter VII. --- SUGGESTIONS FOR IMPROVEMENT --- p.61 / Suggestions for Future BPR Project --- p.61 / Suggestions for Improving Effectiveness of the New Organisation --- p.63 / Chapter VIII. --- CONCLUSION --- p.67 / APPENDICES --- p.73 / Chapter Appendix 1 : --- The Previous Organisational Chart for Design Department --- p.73 / Chapter Appendix 2 : --- The Previous Organisational Chart for Network Development Department --- p.74 / Chapter Appendix 3 : --- The Organisational Chart for New Asset Creation Process --- p.75 / Chapter Appendix 4 : --- The Previous Work Process For Asset Creation --- p.76 / Chapter Appendix 5 : --- The New Work Process For Asset Creation --- p.77 / Chapter Appendix 6 : --- The Implementation Plan --- p.78 / Chapter Appendix 7 : --- The Sample Questionnaire --- p.79 / Chapter Appendix 8 : --- The Survey Summary --- p.83 / BIBLIOGRAPHY --- p.85 / Books --- p.85 / Periodicals --- p.86
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Reengineering of the banking industry.January 1998 (has links)
by Chak Siu Choi. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references. / ABSTRACT / TABLE OF CONTENTS / Chapter I. --- INTRODUCTION --- p.1 / Hong Kong as a Financial Hub --- p.1 / Reengineering Defined --- p.2 / Bank Reengineering at a First Glance --- p.3 / Objectives --- p.4 / Methodology --- p.4 / Secondary Data --- p.4 / Questionnaires --- p.5 / Chapter II. --- THE DEVELOPMENT OF REENGINEERING IN THE BANKING INDUSTRY --- p.6 / The Rule of Regulated Oligopolies (1960-1981) --- p.6 / The Rise of Disintermediation and Excess Credit Risk (1981-1991) --- p.8 / The Reengineering Imperative (1990s) --- p.10 / Chapter III. --- THE TIMING CONCERN OF THE REENGINEERING BANK --- p.12 / Languishing Stock Price --- p.13 / Strategic Directions Conflict with Market Valuation --- p.13 / Sub-Par Efficiency Ratios --- p.13 / Perceived Process Redundancy --- p.14 / Senior Management's Will and Skill --- p.14 / Chapter IV. --- THE STRATEGIES OF THE REENGINEERING BANK --- p.15 / Preparing for Change --- p.17 / Understanding Current Costs --- p.17 / Understanding Current Pricing --- p.17 / Generating Reengineering Options --- p.18 / Refining Options --- p.18 / Creating the New Bank --- p.18 / Chapter V. --- BANK REENGINEERING OVERSEAS --- p.20 / "NationsBank, Charlotte" --- p.20 / "Norwest Corp., Minneapolis" --- p.21 / "First Commerce Corp., New Orleans" --- p.21 / "Premier Bank, Louisiana" --- p.21 / "Merchants Bank, Vermont" --- p.22 / "Texas Commerce Bank, Texas" --- p.22 / Chapter VI. --- BANK REENGINEERING IN HONG KONG --- p.24 / Shifting Demographics --- p.24 / Increasing Customer Sophistication --- p.24 / Intensifying Competition --- p.25 / Growing Use of Technology --- p.25 / Standard Chartered Bank --- p.26 / Dah Sing Bank --- p.27 / Citibank --- p.28 / Bank of East Asia --- p.28 / Chapter VII. --- THE DIFFICULTIES AND PROBLEMS FACED BY THE REENGINEERING BANK --- p.33 / Chapter VIII. --- IMPLICATIONS TO THE BANKING INDUSTRY --- p.36 / APPENDICES / BIBLIOGRAPHY
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Business process reengineering: the role of information technology.January 1997 (has links)
by Chiu Yuk Ling Sandy, Tam Yin Yi Gloria. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1997. / Includes bibliographical references (leaves 54-58). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF ILLUSTRATIONS --- p.iv / ACKNOWLEDGMENTS --- p.v / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- METHODOLOGY --- p.3 / Chapter III. --- THEORETICAL FRAMEWORK --- p.4 / Michael Hammer : Reengineering --- p.5 / Thomas Davenport: Process Innovation --- p.7 / N. Venkatraman: IT- Enabled Business Transformation --- p.12 / Joseph Lung : A Management Perspective for BPR --- p.16 / Chapter IV. --- LITERATURE REVIEW --- p.20 / Chapter V. --- CASE STUDIES --- p.27 / Case Study I: A Telecom Operator --- p.27 / Case Study II: A Computer Systems Provider --- p.34 / Other Issues of Concern for BPR Exercises of Company X and Company Y --- p.41 / Chapter VI. --- SUMMARY & CONCLUSION --- p.45 / Chapter APPENDIX - --- Interview Questionnaire --- p.50 / BIBLIOGRAPHY --- p.54
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