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The National Bank

In: Business and Management

Submitted By gaubonghapi
Words 646
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Case study 2: Second National Bank

1. What do you think of the idea of having an annual off-site retreat for top management to develop the strategic plan for the organization?
In my opinion, it is not a good idea because in many situations, top managers are not someone who involved directly to the strategic plan. Their main responsibility is to manage is focused on macro management process; as a result, many of them do not remember primary categories of the strategic plan; for example, in this case study, they did not even bring any copy of the plan to their meetings. Meanwhile, middle level and low level managers tend to deal with different kind of projects which are based on the strategic plan in more details. Consequently, they could figure out if the strategic plan is good enough and how it could be improved. Besides that, one of the most important factors which help recognize if it is the effective strategic plan is the strategy reviews from middle level and low level managers. However, via this case study, we can realize that no one in top management brings any review to the meetings. I think it is a really bad situation, since how the top management could adapt the plan based on the outcomes of those reviews.
2. Critique the planning process for the Second National Bank
Firstly, the strategic planning of the Second National Bank should comply with organization’s mission and vision
Mission: Provide excellent bank services
Vision: “Exxor County’s Friendliest Bank”
Then, the Second National Bank has to identify its strengths and weaknesses (internal environment) as well as its opportunities and threats (external environment); or in order words, they have to carry out the SWOT Analysis.
Strengths:
- The longest history bank in the town
- High experienced staff
- Advanced risk management and pricing system
- Strong finance capability
Weakness

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