Business Stategy

Business Strategy Learning Diary Module 1: The strategical thinking landscape and tools 13/02/2012 Introductory irritate Looked at Perception 17/2/2012 The Rise & axerophthol; F all of 20/20 Basics * The 20/20 Bank was based on the dogma of Banking is infallible brims are not. * They wanted to diverge from the norm of banks by having no bank branches and then bring down approachs. * To flake off divergence the CEO refused to hire eachone with banking background so they would all have fresh ideas and not draw with the taint of the mainstream banking system. * They wanted a fun frenzied employment where there employees would want to be and then build their offices on these lines.

Potential Weaknesss * As they had no-one with any banking experience they had no real guidance on how banks operated thus made claims some service delivery etc that were not operable Strategy * In terms of principle outline it was smart as a whip as it differentiated itself so untold from other banks that it often had no competitors (though of course the fact that it had no competitors could have had something to do with it not being implementable in the pertinacious run) What Happened * The problems began when they started trying to do things on their own when the original strategy was to pass much(prenominal) things on to SAAMBOU this decision was made as sending it to the bank meant the usual banking times and thus gnaw their claims of being more(prenominal) efficient * This change in policy meant the infallible root wasnt in place and therefore as the guest base grew the infrastructure could take it this c aused: * The system waiter crashe! d around every day due to overloading. * The necessary backup homophile systems were not in place this caused massive expense and cost as a fall back system had to be set up on short notice and thus the backup system wasnt right on tested and properly efficient * The engine room staff werent trained in banking technology due...If you want to get a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: How it works.