Quality can be defined as meeting customer needs and providing superior value. Quality Function Deployment QFD is a structured approach to defining customer needs or requirements and translating them into specific plans to produce products to meet those needs. The voice of the customer is captured in a variety of ways:
The systemic level at which change can be quantified or qualified implying causality. This category investigates the effects of programmatic activity on specified client populations. It also includes how to design programs for a specific client group. Focusing on the unique microfinancial needs of First Nations, Native Americans and Aboriginal populations.
Single-client lending where repayment relies solely on the individual. Indices shown for Consumer Prices are the most frequently used indicators of inflation and reflect changes in the cost of acquiring a fixed basket of goods and services by the average consumer.
The percent changes are calculated from the index number series. Preference is given to series having wider geographical coverage and relating to all income groups, provided they are no less current than more narrowly defined series.
The weights are usually derived from household expenditure surveys which may be conducted infrequently. Other limitations might exist in terms of coverage of commodities for pricing, income groups, or their expenditure in the chosen index.
The Laspeyres index formula is the most commonly used to calculate the changes in consumer prices. The term "informal economy" became current in the s as a label for economic activities which take place outside the framework of corporate public and private sector establishments.
Such economic activities are characterized by the ILO as having the following features: Informal businesses usually do not comply with established regulations governing labour practices, taxes and licensing.
Most community-based financial institutions are formal organizations, although they are not normally targeted for a particular purpose.
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While every group exhibits some degree of formality, the term "informal" is used principally to describe traditional systems of savings and loans.
Virtual Library on Microcredit. Savings held outside of a formal financial institution. A financial institution should have a solid understanding of the local informal savings market before it attempts to develop savings services for poor people.
A subset of the economy consisting of self-owned enterprises and the enterprises of informal employers, in both urban and rural areas. The businesses of the informal sector are not registered with any taxation or regulatory bodies.
The main features of the informal sector are ease of entry, self-employment, small-scale production, labor-intensive work, lack of access to organized markets, and lack of access to traditional forms of credit.
Calmeadow Interest Rate Risk: A financial institution exposes itself to interest rate risk when it mobilizes deposits at one interest rate and lends them out at another.
For example, an increase in market interest rates on deposits might force a financial institution to immediately increase the interest rate it pays on deposits in order to remain competitive and continue to attract deposits.
Because the financial institution cannot increase its interest income from loans as fast as its cost of funds is rising, profitability will decrease and it could even face a shortfall in operating funds.
Alternatively, if the market interest rate charged on loans drops, a financial institution could be squeezed since it cannot drop the rate it pays out on deposits below zero; in this case, it may be limited to covering costs with fee income.
Institutions that have the capacity and regulatory approval to do so lend on a variable rate basis to reduce interest rate risk by adjusting loan rates as deposit rates change.
This key term is used for resources specifically related to setting interest rates for microfinance products. Interest rate spread is the interest rate charged by banks on loans to prime customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits.
LIBOR is the most commonly recognized international interest rate and is quoted in several currencies. Short-term loan to provide temporary financing until more permanent financing is available. Renz and Massarsky Intermediaries: Non- or for-profit institutions that have specialized lending capacities.
Personal development covers activities that improve awareness and identity, develop talents and potential, build human capital and facilitate employability, enhance the quality of life and contribute to the realization of dreams and aspirations. Kentucky Cohesive Leadership System Continuum for Principal Preparation and Development. Dimensions and Functions for School Leaders. Dimension 1. Leading Teaching and Learning Function: Curriculum Function: Personnel Evaluationa Understands how to evaluate staff performance and plan professional . Toyota, by contrast, seems to go to the opposite organizational extreme. It relies on highly formalized rules and standards, and puts limits on the use of cross-functional teams.
They obtain capital in the form of equity and low interest loans from a variety of sources, including foundations and other funders, to form a "lending pool. This "economy of scale" often allows intermediaries to be more efficient than a foundation or funder could be if it considered each investment individually.
Also, intermediaries often develop expertise in a particular field or region that foundations or funders cannot afford to develop.WHITE PAPER — NINE BEST PRACTICES FOR EFFECTIVE TALENT MANAGEMENT 3 2.
Talent is a rapidly increasing source of value creation. The financial value of. Alfonsus (Fons) Trompenaars (born , Amsterdam) is a Dutch organizational theorist, management consultant, and author in the field of cross-cultural communication.
known for the development of Trompenaars' model of national culture differences. Personal development covers activities that improve awareness and identity, develop talents and potential, build human capital and facilitate employability, enhance the quality of life and contribute to the realization of dreams and aspirations.
The function of a personnel manager usually begins with the staffing process.
Someone has to be focused on screening and interviewing persons, with an eye to placing individuals with the right skill sets in the right position within the company.
Personnel Management; Human Resource Management; Human Resource Development; Training and Development - A Key HR Function.
Training and development is one of the key HR functions. Most organisations look at training and development as an integral part of the human resource development activity.
Complexity characterises the behaviour of a system or model whose components interact in multiple ways and follow local rules, meaning there is no reasonable higher instruction to define the various possible interactions.. The term is generally used to characterize something with many parts where those parts interact with each other in multiple ways, culminating in a higher order of emergence.