MGT603 GDB # 1 Solution

For ensuring success in business, top management applies different kind of strategies. Suppose if you are a CEO of any bank, what kind of strategies you may design for the better growth and success.
Your job is to only identify anyfour or fivesuccessful strategies for banks

Idea Solution:-

As a CEO my strategies are

A. Implementation and execution on company’s mission statement will be proffered.
B. Strong customer relationship management and reliable services for loyal customer.
C. Huge network of branches for the maximum profit and financial growth.
D. Research and development for better assess the market in competitive environment.
E. Strategic hiring for better performance and Good will.
 

Another Solution:-

Being a CEO of a bank, I would like to use these strategies to get competitive edge over my competitors;

• Price Leadership Strategy
• Flexibility
• Product or services differentiation
• Time to respond to customers and other changes
• Best possible use of IT & Information System Management
• Strong CRM Department
• Wide range of services to satisfy my customers
• I will try to be proactive rather than to be reactive
• Strong Marketing Department
• Well training Human Resources.
 

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