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Concept Paper Pcc

In:

Submitted By abbyfrancisco
Words 464
Pages 2
A Concept Paper for
Paltok Credit Cooperative, Inc.

In partial fulfillment
Of the course requirement in THSMGT1

Submitted by:
CASTILLO, Gjairus
CORNEJO, Migy
Francisco, Abigail
WACNANG, Lawrence

September 4, 2015
BRIEF DESCRIPTION OF THE RESEARCH Paltok Credit Cooperative, Inc. is a Financial, Accounting, Insurance, and Property Development company. The proponents are conducting the study in order to help the company determine its problems, and provide appropriate solutions in order to improve their quality of service. BACKGROUND OF THE STUDY The proponents of the study have identified that the company has a problem with their customers’ satisfaction, and may still improve on the services that they offer in order to adapt to the changing market demands. There is a negative effect on their competitive advantage against other financial institutions because other financial organizations offer more and better services. The proponents suggest that there is a need for Paltok Credit Cooperative, Inc. to provide additional services that other credit unions do not offer in order to improve customer satisfaction. By doing this, the company opens more financial opportunities to their members. The area for future research in this case is a study on the necessary technological innovations that the company should explore in order to compete against other commercial banks. It is important to conduct a research on the banking and financial industry in order to provide Paltok Credit Cooperative with a proposed specific action plan to address its problem. The members of a credit union are also considered as its part owners. The members will benefit from this study because the company will have the opportunity to expand and gain more members. RESEARCH PROBLEM/OBJECTIVE The proponents aim to determine how Paltok

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