exampleBank – Self Scan

By | June 16, 2014
This entry is part 5 of 8 in the series exampleBank Business Strategy

The exampleBank executive team is progressing through an initial pass of the strategy process.  They just scanned the environment for trends and forces and brainstormed opportunities and threats.  A self scan will be limited because exampleBank does not yet exist! But there are some strengths and weakness to make note of.

STRENGTHS:

  • exampleBank has a unique opportunity to start from zero, with no legacy costs or constraints.

WEAKNESSES:

  • exampleBank does not yet have a proven business model. The selected business model, however scrutinized, will contain assumptions about customers, competitors, suppliers, partners, employees and technology.
  • exampleBank does not yet have a proven operating model. The operating model, however well designed, will be flawed. Each defect in the design must be painstakingly discovered and fixed — all with minimal effect on customers, suppliers, partners, employees, costs and revenues.
  • exampleBank does not yet have a stable production platform. Building and integrating all of the required systems will be a complex effort with many opportunities for failure.
  • exampleBank might provide a fragmented customer experience when customers apply for a loan.

Next on the agenda is to validate their findings so far with some banking industry thought leadership.

Series Navigation<< exampleBank – Opportunities and ThreatsexampleBank – Thought Leadership on a Digital Bank >>

2 thoughts on “exampleBank – Self Scan

  1. Pingback: exampleBank – Corporate Strategy | Alan Street

  2. Pingback: exampleBank – Opportunities and Threats | Alan Street

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