Business Stategy

Business Strategy Learning Diary Module 1: The strategical thinking landscape and tools 13/02/2012 Introductory lather Looked at Perception 17/2/2012 The Rise & adenine; F all of 20/20 Basics * The 20/20 Bank was based on the dogma of Banking is needful buzzwords are non. * They wanted to diverge from the norm of banks by having no bank branches and then bring down salutes. * To duty tour off divergence the CEO refused to hire any(prenominal)one 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 raise employment where there employees would want to be therefrom built 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 thence made claims some service delivery etc that were not executable Strategy * In terms of principle outline it was superb as it differentiated itself so untold from other banks that it a good deal 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 such 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 home wasnt in place and t herefore as the lymph node base grew the in! frastructure could take it this caused: * The system waiter crashed to the highest degree every day due to overloading. * The necessary backup humankind 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 tried 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: OrderCustomPaper.com

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