Question.4581 - Review: Based on what you learned from Chapter 2, practice answering the questions and then review your answers in Appendix D. ***** Optional practice questions. *****Discuss the challenges and problems facing banks in 1969. Discuss how ATMs might address some or all of these issues. Develop an ATM business strategy statement with accompanying business benefits with priorities.Homework: Answer “WHY” to the above questions and then answer the questions below.Think differently, not what the challenges were, but why there were challenges, not what things can be done to address issues, but why it was important to address those issues, and finally, why the strategy was developed.WHY? For the three questions above, submit your understanding of “Why” they were answered the way they were or the importance of the questions.Provide 3 -5 additional challenges or problems facing the banks in 1969.Provide 3-5 additional ways ATM’s might address some or all of these issues.Develop an ATM business strategy statement of at least five sentences with accompanying business benefits prioritized.
Answer Below:
Case xxxxx - xxx Implementation xxxxxxxxxx Business xxxxxxxx and xxxxxxxxxxxxxx - xxxx Study x ATM xxxxxxxxxxxxxx Developing xxxxxxxx Strategy xxx Objectives xxx year xxxxxx the xxxxx having xx cater xxx a xxxxxx increase xx clientele xxxxxxxxxxxxxxx manual xxxxxxxxxx and xxxx operational xxxxx While xxxxx was x growing xxxxxx for xxxxxxx services xxx infrastructure xxxxx entirely xx human xxxxxx could xxx scale xx efficiently xxx employees xxxxxxxxxx were xxxxxxx to xxxx hours xx work xxxxxxx the xxxxxx dissatisfied xxx service xxxxxxxx poor xxx other xxxxx available xxx expansion xxx by xxx of xxxxxxx up xxxxxxxx branches xxxxx required xxxx capital xxxxxxx thus xxxxxxx down xxx banks xxxxxxx Warren xxx aforementioned xxxxxxxx simply xxxxxxxxxxx inefficiencies xx service xxxxxxxx cost xxxxxxxxxx and xxxxxxxx satisfaction xxxx provide x scalable xxxxxxxx to xxxxxxxxxx banking xxxxxxxxxx Reducing xxxxxx involvement xx deposits xxx withdrawals xxx balance xxxxxxxxx by xxxxxxxxxx these xxxxxxxxx reduced xxx work xx the xxxxxxxxx and xxxxxxxxx the xxxx waited xx the xxxxxxxxx This xxxxxxxxxx provides x -hour xxxxxxxx thereby xxxxxxxxxx customer xxxxxxxxxxxx and xxxxxxxxx some xxxxxx from xxxxxxx hours xx peak xxxxxxx With xxxx efficiency xxxxx expanded xxxxx business xxxxxxxxxx without xxxxxxxxxxx building xxx branches xx incurring xxxxxxxxxxxxxx and xxxxx costs xxxxxx ATMs xxxxxxxxx played x great xxxx in xxxxxxxx the xxxxxx banking xxxxxxx The xxxxxxx strategy xx the xxxx of xxx in xxxx focuses xx technological xxxxxxxxxx in xxxxxxxxxxx service xxxxxxxx and xxxxxxxx operational xxxxx First xxxxxxxx satisfaction xx to xx ensured xxxx access xx ATMs xxxxxx the xxxxxxxx aims xx reduce xxxxxxxxxx on xxxxxxxx branches xxx labor xxxxxxxxxx capital xxxxx shareholder xxxxx will xxxxxxxx with xxx cost-effective xxxxxxx of xxx sequence xxx strategy xxxxxxxxxx a xxxxxxxxxxx edge xxxxxxx strategic xxx placement xxxxxxxxxx infrastructure xxx utilizing xxxxxxx channels xx penetrate xxxxxxx Warren xxx questions xxx at xxxxxxxxx the xxxxxxxxxx reasons xxx the xxxxxxxx of xxxx beyond xxxx surface-level xxxxxxx definitions xxxxxxxx existed xx that xxxxxx systems xxxxx not xxxx with xxx increasing xxxxxx efficiently xxx being xxxxxxxxxxx for xxxxxxxxx better xxxxxxxx to xxxxxxxxx and xxx retaining xxxxxxxxx these xxx to xx addressed xxxx strategy xxxxxxxx as xx aligned xx business xxxxxxxxxxxxxx satisfaction xxxxxxxxxxx excellence xxx shareholder xxxxx The xxx behind xxxxx deeper xxxxxxxxxxxxx on xxx strategic xxxxxxxxxxxxxxx affects xxxxxxxxxxxxxx High xxxxx of xxxxxxxxxxx secure xxxx transactions xxxxxx recordkeeping xxxxxxxxx the xxxxxxxxxx of xxxxxx Delays xx inter-branch xxxxxxxxxxxx and xxxxxxxxxxxxxxx Limited xxxxxxx hours xxxxxxx bottlenecks xxxxxx peak xxxxxxx Low xxxxxxxxxxxx to xxxxxxx customer xxxxxxxxxxxx Source xx the xxxxx Warren xxxxxxx access xxxxxxxx time-based xxxxxxx constraints xxxxxxxx security xxxxxxx PIN-based xxxxxx Automated xxxxxxxxxxx logging xxxxxxxxxx human xxxxx Reduced xxxxxxxx on xxxxxxxx branches xxx self-service xxxxxxxx customer xxxxx with xxxxxx and xxxxxxxxxx services xxxxxx to xxx above xxxxxx The xxxxxxxxxxxx kiosk xxxxxxxxxx implanted xx strategic xxxxxxxxx strives xx enhance xxxxxxx convenience xxx efficiency xx its xxx strategy xxx program xxxxxxxxxx access xxx customer xxxxxxxxxxxx thus xxxxxxxxxxxx to xxxxxxxx operating xxxxx for xxx bank xx minimizing xxx physical xxxxxx and xxxxxx handling xxxx data xxxxxxxx complemented xxxx increased xxxxxxxxxxx speed xxxx dependability xx its xxxxxxxxxx The xxxxxxxxxx next xxxxxxxx a xxxxxxx opportunity xxx the xxxx to xxxxxxxx its xxxxxx share xxxxx better xxxxxxxx its xxxxxxxxx to xxxxxxxxx business xxxxxxxxxx in xxx long xxx Warren xxxxxxxxxxxxxxxx R x Applied xxxxxxxx Transformation xx ed xxxxxxx AssociatesMore Articles From Business Transformation Through Program Management
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