Free Essays on Advance Bank In Germany

Contents Page CONTENTS PAGE1 ABSTRACT2 CHALLENGES3 THE CHALLENGES THAT HAVE CONFRONTED ADVANCE BANK IN TERMS OF IMPLEMENTING INFORMATION STRATEGY3 THE CHALLENGES THAT ARE CONFRONTING ADVANCE BANK IN TERMS OF IMPLEMENTING INFORMATION STRATEGY5 SUGGESTIONS FOR INFORMATION STRATEGY EVOLUTION7 JUSTIFICATION (INCLUDING USE OF TOOLS AND TECHNIQUES)10 CONCLUSION17 APPENDICES18 APPENDIX 1 BRIEF HISTORY OF ADVANCE BANK18 APPENDIX 2 PEST ANALYSIS19 APPENDIX 3 PORTERS FIVE FORCES ANALYSIS21 APPENDIX 4 STRATEGIC GRID ANALYSIS22 APPENDIX 5 RESOURCE AUDIT23 APPENDIX 6 VALUE CHAIN ANALYSIS24 APPENDIX 7 RESOURCE COMPETENCY ANALYSIS27 APPENDIX 8 SWOT ANALYSIS29 APPENDIX 10 STRATEGIC IS MANAGEMENT PROFILE33 APPENDIX 11 CRITICAL SUCCESS FACTOR34 APPENDIX 12 NOLANS MODEL35 APPENDIX 13 REVISED STAGES OF GROWTH MODEL36 REFERENCES37 BIBLIOGRAPHY38 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 ... Free Essays on Advance Bank In Germany Free Essays on Advance Bank In Germany 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 ...