BUILDING SOCIETY CASE STUDY PLANNING AND FORECASTING Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

BUILDING SOCIETY CASE STUDY PLANNING AND FORECASTING Case Solutiuon

BancWare Collaboration

The decision making process of Banc Ware is to assess the vendors and they have strong reference sites.
They are offering solutions and therefore, Newcastle approaches to an existing Banc wareClients in order to establish the directness, elasticity and level of support offered. The strength of Banc Ware has allowed them to set their position above the overall competitions.Giving flexible modeling and high reporting capabilities and as well as local support are their key points to focus.

There are three institutions that want to collaborate with Banc Ware at the same time that include Bradford and Bingley and third is Newcastle. These all institutions had an objective to make close contacts, comparing and sharing the notes and ideas on better practice technique because it helps them to compete with Newcastle. Newcastle is one of the giants in UK society building. In addition to that, they have ranked as top in terms of assets with 2.4 billion pounds so other players came into market and tried to make a sustainable position to get overall clients from the market.

Mr. Ian and Banc Ware Convergence

The Banc Ware helps and supports Newcastle 24/7. It provides 5 days helpline which comforts Mr. Ian and he has now successfully used the Banc Ware convergence from the last two years. Banc Ware continuously improved its services and uncovered what the actual problem was and how they successfully over came to manage the risk and financial flexibility in overall operations in order to drive customer behavior balance sheet.

ProblemStatement

Newcastle has faced a lot hurdles while expanding their operations in the UK but as the time passes they had to collaborate with Banc Ware in 1999 in order to come up with the better solution and best practice techniques.

Main Problem

1. There was an intense competition in the market with large complex products being offered and it was very difficult for Newcastle to perform efficient and effective financial planning and forecasting with regards to profitability measurement perspective.
Sub Problem
2. Loose consistency in predicting and forecasting is also the problem that was being face by different institution including Newcastle because many of the institution has lack of ability how to expense correctly. Due to the lack of consistency it would become difficult to forecast and compare with the past assumptions. Thus, they are not able to predict the future performances of the institution.
3. In order to accumulate and identify all the variables ittakes time to reach the desirable targets and later being able to explain them is one of the core problems of Newcastle and other institution.
There are more than 600 employees working in Newcastle. It is ranked 17th out of 25 mortgage lenders in issue of money facts. It is the largest building society in North-east England and strong mutual society. Newcastle could not be able to get desirable revenue to sustain in the constant position. Moreover, they are not able to monitor their expenses so this must a valid reason for Newcastle to get all the past prediction and trend wrong.
If the company predicts and has a wrong past data then it wouldn’t be possible to forecast the future performance because if the incorrect data has been processed then it automatically gives wrong future prediction. Newcastle has the tendency to collaborate with different partners and with the help of their assistance they might able to diagnose the problem and rapidly overcome on it to get a reputable position in the market...............

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