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Essay / Astro Bank Case Study - 806
In other words, through the ability to ship new items, give more esteem to customers and constantly improve work efficiency, an organization can infiltrate new markets and generate income and benefits to put it plainly, develop and thus increase the esteem of shareholders. ASTRO BANK's development measures focus on the organization's ability to quickly create and present standard elements; the elements which, according to the organization, will govern the majority of its future transactions. Its manufacturing change measure focuses on new items; the objective is to strengthen the assembly of new elements rather than to improve the assembly of existing elements (Lientz, 2011). Similar to other organizations, ASTRO BANK uses new item offering rate as one of its measures of advancement and change. In the case where new item transactions are top-down, supervisors can determine whether problems have arisen in the new item plan or in the new item plan.