Customer Based Business Model - 23892 Words

Almost all banks have a wide variety of products to offer to the customers. There are regular transaction between the customer and the bank and therefore many notifications and records, that are required by both the bank and the customer for their satisfaction there are many requests that a customer makes that the bank has to oblige and thus keep records of the same in order to refer to them when ever required. It therefore goes with out saying that the banking sector any where in the world has the highest frequency of paper work that needs to be stored for future references, no doubt that the technology has improved and that various requests can be sent across through e-mails, however banks require physical possession of the same and†¦show more content†¦Every item after the sorting stage must have a place from where it can be located easily and quickly. Systematic Arrangement thus ensures that things are easily reachable. BUCKET 1 – Items Needed regularly- must be kept nearby so that they are easy to retrieve. BUCKET 2 – Items Needed but not regularly- a place that is further from the work station. BUCKET 3 – Items Needed regularly but not in excess quantity- 5 ‘S’ common area BUCKET 4- Items Wanted but not needed- located at a place from where it can be dispersed BUCKET 5- Scrap- Disposed of immediately Work station is the smallest unit of a work place or an office. To organize the overall work space, every work station therefore must be systematically organized. This stage includes proper placement of items in a clearly identified easy to understand and systematic manner. Before putting things in the right place it is important that a lay out is made, a layout is a detailed drawing of a space that indicates the relative positioning of the elements in that space, the layout of a work place ensures that the exact location of the items are known not only to the owner but also to the visitors. Work station layout must be displayed at every individual work station, while a department or floor layout must be displayed at a common place on the floor, the layout of the common storage area is to be displayed at the entrance ofShow MoreRelatedStrategy at Business Level927 Words   |  4 Pagesï » ¿Chapter 5 Business Level Strategy Successful business model is the product of successful business level strategies. A successful business model can give a company competitive advantage over rivals. To craft a successful business model, strategic managers must determine three issues stated below: 1. What to be satisfied-customer’s needs: Customer needs are the wants that can be satisfied by the means of attributes of the products. Customers choose a product based on: A. 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