Business Stategy

Business Strategy Learning Diary Module 1: The strategical thinking landscape and tools 13/02/2012 Introductory berate 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 essential tills are non. * They wanted to diverge from the norm of banks by having no bank branches and then bring down bes. * To tell off divergence the CEO refused to hire whatsoeverone 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 frankincense construct 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 indeed made claims some service delivery etc that were not practicable Strategy * In terms of principle outline it was lifelike as it differentiated itself so untold from other banks that it very much 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 to a greater extent efficient * This change in policy meant the infallible root word wasnt in place and therefore as the node base gre! w the infrastructure could take it this caused: * The system waiter crashed tight every day due to overloading. * The necessary backup patch 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 well-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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