The banking industry is under pressure in today’s business climate. Banks have been through big changes. There is opportunity, but there is also increasing competition. To be the preferred bank means changing “good enough” into a unique value proposition. And that means changing the way people have always done things, change on this level requires cutting edge technology. Change cannot be achieved with a simple directive or surface adjustment especially within the banking industry. It requires an innovative rethink of the entire system, in a strong partnership between bank leaders and their change agents. New systems and policies must support the strategy to be successful. The real test of a good strategy implementation plan is whether the people understand the strategy, are motivated and enabled to implement it, and actually start achieving its goals.
JPMorgan Chase is one of the largest and best known banks in the banking industry. JP Morgan Chase is a global financial service firm with operations in over 50 countries. With a CEO who is known as one of the banking industries top leaders it is obvious why they are in the top 10 of the fortune 500. Although JP Morgan Chase bank is one of the leaders in the industry I believe they are a long way away from being the most innovative bank around. Banks can be one of the most targeted locations for robberies which is why I find it important for them to protect their customers and themselves. Utilizing computerized bankers would be a good start to safety within their branches. Money should not be kept on the floor of any bank to avoid unnecessary situations.
For Chase bank the mission and vision should always be clear to their customers. "At JPMorgan Ch...
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...andidate for such an improvement.
"Fortune 500." CNN Money. CNN. Web. 13 Apr 2014.
Federal deposit insurance corporation. (n.d.). Retrieved from http://www.fdic.gov/bank/
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J.p. morgan. (2014). Retrieved from J.p. morgan. (n.d.). Retrieved from https://www.jpmorgan.com/pages/jpmorgan/about
J.p. morgan chase & co. (n.d.). Retrieved from http://www.jpmorganchase.com/corporate/Corporate-Responsibility/technology-for-social-good-programs.htm
Ketchen, D. & Short, J. (2011). Mastering Strategic Management. Flat World Knowledge. Irvington, NY.
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