Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Explain the competitive consequences of pulling out of Internet banking for this company. 2. Discuss the impact a decision to pull out of Internet

1. Explain the competitive consequences of ‘pulling out’ of Internet banking for this company.

2. Discuss the impact a decision to ‘pull out’ of Internet banking will have on this company and similar companies in terms of future technology-based initiatives.

3. Identify the strategic role of operations of a Bank and explain, how can a bank improve customer take-up of its internet banking initiative.

'First Bank' has recently begun to offer Internet banking to extend its range of services to the customer and decrease the demand on branch personnel. However, the website has been experiencing difficulties with a slow response rate to customer inquiries. Demand for the Internet service has also been much lower than expected. As operations manager, the company requires your view on the above issues.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 Competitive Consequences of Pulling Out of Internet Banking If First Bank decides to pull out of Internet banking it could face several competitive consequences Loss of Customer Base Customers who h... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information for Decision-Making and Strategy Execution

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

6th Edition

137024975, 978-0137024971

More Books

Students also viewed these Banking questions

Question

Other sources of contemporary law include Treaties Executive orders

Answered: 1 week ago