Banking

I Economy decides the progress of a bank.Lets know about near facts: European banks pass on have to struggle and face contest from the US banks .The reasons for European Banks decline is high costs, minimal price competition or inception, and mediocre customer service. European banks have to face declining economy.This has led banks to try to boost their exercise by cutting costs.But they have to set up extensive term survival in the market. Also , the banks cannot become make outnt without implementation of technology .But neither technology, nor cost-cutting, nor the disposal of surplus assets will be sufficient to drive long-term growth. The banks need to revitalize their strategies. And they must start by focusing on entire growth, as opposed to growth through acquisitions. Buying other banks is a passport to instant growth. But many acquisitions ask up too much of top managements era for too long. Customer service tends to be neglected. And so does innovation, although innovation is precisely what is needed for organic growth: stark naked products, new marketing capabilities and customer service skills, etc. Renewing a dodge also means redesigning it at the international level. In Europe, with a few exceptions, banking is still a national industry.

Even banks with a strong strange presence are hampered by the escape of a clear international strategy. They tend merely to bet for the right moment and seize any opportunity that arises, neglecting purely strategic considerations. European banks should be asking themselves what countries they can compete in best, what competitive advantages they might have in apiece country, and how resources and skills can best be transferred from the corporate center to their foreign subsidiaries. Another key question is how much diversification a bank can tolerate. Currently, the trend is toward universal banks that offer every kind of service to every kind of customer. Yet at that place are limits to the range of services a single bank... If you sine qua non to get a full essay, order it on our website: Ordercustompaper.com

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