Advance Bank In Germany

25 Pages 6346 Words

Contents Page

CONTENTS PAGE 1
ABSTRACT 2
CHALLENGES 3
THE CHALLENGES THAT HAVE CONFRONTED ADVANCE BANK IN TERMS OF IMPLEMENTING INFORMATION STRATEGY 3
THE CHALLENGES THAT ARE CONFRONTING ADVANCE BANK IN TERMS OF IMPLEMENTING INFORMATION STRATEGY 5
SUGGESTIONS FOR INFORMATION STRATEGY EVOLUTION 7
JUSTIFICATION (INCLUDING USE OF TOOLS AND TECHNIQUES) 10
CONCLUSION 17
APPENDICES 18
APPENDIX 1 BRIEF HISTORY OF ADVANCE BANK 18
APPENDIX 2 PEST ANALYSIS 19
APPENDIX 3 PORTERS FIVE FORCES ANALYSIS 21
APPENDIX 4 STRATEGIC GRID ANALYSIS 22
APPENDIX 5 RESOURCE AUDIT 23
APPENDIX 6 VALUE CHAIN ANALYSIS 24
APPENDIX 7 RESOURCE COMPETENCY ANALYSIS 27
APPENDIX 8 SWOT ANALYSIS 29
APPENDIX 10 STRATEGIC IS MANAGEMENT PROFILE 33
APPENDIX 11 CRITICAL SUCCESS FACTOR 34
APPENDIX 12 NOLANS MODEL 35
APPENDIX 13 REVISED STAGES OF GROWTH MODEL 36
REFERENCES 37
BIBLIOGRAPHY 38

Abstract

Universal banks in Germany, in contrast to other financial systems such as in the USA are able to provide their customers, commercial as well as Investment banking services. Several German banks have merged together so that they can be capable of taking advantage of economies of scale and synergies.

This report will aim to show the challenges faced by Advance bank, a branch-less bank, based in Germany using a range of tools and techniques to analyse how the strategy should evolve to achieve sustained success. Suggestions for information strategy evolution will also be made.



Challenges
The challenges that have confronted Advance Bank in terms of implementing information strategy

Many organisations consider the implementation of IT to strengthen their position in the competitive market and see IT as central to success, however several of them fail to realise that technology does not equal to success. MFI, Lyons, SAP and Sainsbury are a few examples of recent disasters. Companies get so involved in the new technology that they forget to ...