Decisions I took before attempting the task. ο΅Customer Behavior ο΅Strategic Issues ο΅Future Attractiveness ο΅Best Italian Bank ο΅Ambitious Growth
Justification why I chose the module concept in Task 1 ο΅Internal Dealings- The board of the directors are vested with various necessary powers for the extraordinary management of the company excepting the laws which are related to the general meeting. ο΅Board of Statutory Auditors- The board of the statutory auditors verify that the compliance with the laws as well as the adherence to the principles of a proper management system. ο΅Audit and Risk Committee- The board audit and the Risk committee was set up so that it could assist the board of director which they can define and control the internal system which is linked with it
PESTELAnalysis used as a framework to develop into strategy implementation plans for Mediolanum Bank ο΅Political Factors- These are the factors which are related to the level of intervention and the nature of the local and national government policies. ο΅Economic Factors- As per the economic performance of Italy is seen that future of the bank will almost be stable as per the government expenditure.
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Continued ο΅Social Factors β Gender role are also evolved in Italy I also playing a vital role in the bank where the bank can test various concept so a as to cater the needs. ο΅Technological Factors- Technological impact like the advancement of the speed of the internet and empowering supply chain.
Continued ο΅Environmental Factors β The increase in the liberalization of the trade policy also helps the bank to invest further into the regions which are far from the organization. ο΅Legal Factors β The customer of the bank is not expecting the bank to stick to the legal standard put by the government.
Deficiencies in the data ο΅Data was not proper ο΅Insufficient ο΅Lack of updated data
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Own work experience Being a subject matter specialist I had previously made analysis on the banks of Italy, the strategies they implement to work on so as to achieve the organizational goals. I also came to know about the Mediolanum Bank which is the best and top rated bank in Italy.