Management at Work

Imagine a group of senior bankers at United Amalgamated Bank sitting around a table discussing the bank$$s future. They want to make sure that the bank is strong and secure despite a rapidly changing environment. Concerned, the bankers try to imagine what might be ahead and what actions they should take to keep their bank profitable.

Statement

Strategic Review Process Element

If banking regulations start to tighten up$,$ we will work on developing our remote deposit and other services that will allow banking customers easier access to us$.$ But if banking regulations get looser, we will branch out into other types of financial services, including insurance, venture capital, and underwriting new bond issues.

I$$ve been reading a blog called $$Retail Banking Strategies,$$ published by the Peak Performance Consulting Group. They$$re predicting that the only way for community banks to prosper is to have a growth strategy.

We should pay attention to what the government expects of us$,$ especially the Securities and Exchange Commission.