Question 4

The IT related determinations taken by the Kwangju Bank include the retrenchment of the information systems and the reengineering of banking procedures. headed by the so president of the board for the bank. These were impacted by the competition in the planetary market in that holding employed the former information system. the bank was excessively was weak compete against the foreign Bankss in the US. Japan and Europe. The bank could non set up its single concern schemes to stand conspicuously in the planetary market for the ground that the information system employed. Hence. all these factors led to the of import determinations in the country of information engineering ( Rainer & A ; Watson. 2012 ) .

Question 5
Hazards

The OLTP system is the most important and critical system of a bank due to its direct linkage to the fiscal involvements of the clients. Any fiddling issues in the system may critically encroach on the credibleness of the bank. For this ground. downsizing the OLTP system of a bank is a pioneering. yet extremely hazardous venture for any bank ( Young. 2011 ) .

Opportunities

* Catch the attending of clients by helping them in pull offing their fiscal involvements instead inadvisably ; * Capable of supplying banking services whenever and wherever the clients wish for ; * Support electronic “wallets” . automatic Teller machines. self-service terminuss. place banking. and commercial banking ; * Adequately flexible for assisting the development of novel merchandises and the devising of more effective banking determinations

Question 6

The new system facilitates the clients in acquiring better service as in quality and seasonableness. For case. the dealing treating velocity has been enhanced well from four to six seconds to 0. 7-2. 0 seconds for every dealing. The bank is now capable of functioning clients 7 yearss a hebdomad and 24 hours a twenty-four hours. instead than the typical eight hours. Besides. clients have a greater figure of fiscal services to choose from since development rhythms of new merchandise have been well trimmed down from months to hebdomads ( Young. 2011 ) . Additionally. holding employed the new system. the bank was capable of cut downing the operating costs with optimized public presentation and prosecuting fresh schemes of concern. more efficaciously. The new unfastened information system imparts enhanced freedom from the domination of sellers and flexibleness. and permits more convenient bridal of new engineering.

Question 7

The plans had been developed in a spot by spot mode without a general lineation. As a effect. it was really dearly-won and hard to modify or keep the plans. Furthermore. it was really hard to expeditiously develop fresh plans reacting to the fleetly modifying market environment.

Question 8

The sellers providing the systems based on mainframes attempted to impede the undertaking for the order of protecting their possible every bit good as current markets. The superior forces at the computing machine centre of the Kwangju Bank were mocking sing the undertaking since they were uncomfortable with the fresh engineering. Furthermore. academicians who were paid for measuring the undertaking inferred that set abouting involved a great hazard because the engineering was non adequately mature.

Question 9

Yes. the banking procedure reengineering had to attach to with the development of the new information system. This is because the banking operations were obstructed by its computing machine sellers and computing machine systems. The bank was unable to set up its typical concern attacks since the bing information systems were incapable of back uping them. Conversely. the disbursals on information systems were intensifying at a greater rate compared to the rate of escalation of the bank’s returns ( Rainer & A ; Watson. 2012 ) .

Mentions

ICFAI Center for Management Research. Learning with instances. Retrieved from hypertext transfer protocol: //www. icmr. icfai. org/casestudies/learn_case. htm on Jan. 26th. 2012. Rainer. K. & A ; Watson. H. ( 2012 ) . Management information systems traveling concern frontward. John Wiley & A ; Sons. Inc. Young Moo Kang. ( 2011 ) . International Case Study 3: From a dinosaur to a chameleon – Transformation of a Korean Bank. Dong-A University. Korea. Retrieved from hypertext transfer protocol: //www. wiley. com/college/turban/0471400750/international/dino. hypertext markup language on Jan. 26th. 2013.