Strategic Management : Sample Assignment

Running Head: Strategic Management
Strategic
Management
ANZ and Crypto currency

Strategic Management
1
Contents
Introduction................................................................................................................ 2
Strategic Background................................................................................................. 2
Strategic Environment................................................................................................ 3
Competitive Environment........................................................................................... 4
Strategic Analysis....................................................................................................... 5
Conclusion.................................................................................................................. 6
References................................................................................................................. 8

Strategic Management
2
Introduction
ANZ is commonly known to be as Australia and New Zealand Group. It is also very well known
for being the fourth largest bank of Australia. This organization is very much into business where
retail is concerned and commercial banking too. ANZ currently operates in 32 markets all over
the world and even more and that is why it has been given the title of largest banking group. It
comes in the top 50 banks if the whole world is considered which is in itself a big title and honor
for ANZ group. The strategy of business for ANZ is to become the super regional bank. The
company involves more than 48,000 employees across the world. This organization wants to
grow in Asia Pacific region and also wants to source it’s approximately 30% of the earnings
from America division and Asia Pacific too (ANZ, 2018).
Strategic Background
Since the inception of the Crypto Currency, all the banks came into picture and people were
making good money with the help of these currencies. Crypto currency is one of the very talked
about digital asset which operates to work as the way of exchange with the use of cryptography
for secure transactions. These currencies use decentralized control in opposition to the
centralized electronic money and banking systems (Bhosale & Mavale, 2018). Decentralized
control of every type of crypto currency works via block chain which is a public open database
used for the transactions and other functioning. In case if a person is looking for the guaranteed
delivery of the funds transfer and also the assurance that the money will be delivered to the real
recipient only and also that the transaction would also not be tampered. This is a great deal.
Block chain was doing exactly this procedure for the crypto currency called Bitcoin. It is a
digital currency and can be held electronically. Absolutely no one can control it. These are non
printed production done by people and increases business with the use of software which solves
mathematical problems (Bech & Garratt, 2017).
There was a bad impact of central banking like the cause of destructive inflation currency,
decrease in the purchasing of the power and standard of living of the citizens, invisible tax for all