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General Strategies-Banking Industry

General Strategies: General Strategies that can be adopted by banks/organization can be divided into three subheadings. These are discusses as below.

People: For continuous growth they should be able acquire motivated and passionate staff that can contribute significantly towards the success of bank. Employees should be able to use Information Technology properly. They should also be able to take advantage of currency movement, most of the time.

Process: Manual process is still present resulting in poor turn around times and high chances of errors. Processes should be automated so that customers can also feel safety.

Technology: There is poor management of technology within bank. There is unstable and average IT platform. This doesn’t create a good picture into the minds of customers.

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