Analyzing Innovation and Business Development in Commonwealth Bank

This essay provides an analysis of innovation and business development within the Commonwealth Bank of Australia, the country's largest bank established in 1911. It focuses on how the bank can leverage smart connected products and the business canvas model to maintain its market reputation and expand its horizons while ensuring customer satisfaction. The essay suggests that Commonwealth Bank needs to adapt its business model to remain flexible and competitive. Improved business canvassing methods are crucial for upholding the bank's reputation and ensuring its continued success in the dynamic business environment. The essay references various academic sources to support its analysis and conclusions.

Innovation and Business
Development

Introduction
Business model is essential for analysing the
revenue and the profit earned by
organisations
The essay focuses on Commonwealth Bank of
Australia
Commonwealth Bank is the largest bank in
the country established in the year 1911.

Analysis
Commonwealth Bank can ensure that the
business does not change with the application
of the smart connected products
The application of the business canvas model
can help Commonwealth Bank maintain its
reputation in the market and expand its
horizon
Moreover, the bank can offer customer
satisfaction so that it can remain the number
one bank in Australia

Conclusio
n
Commonwealth Bank need to change its
business model
The reputation of the bank can be upheld with
the improved method of business canvassing
It can help Commonwealth Bank to remain
flexible in the business

Reference
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 Commbank.com.au.(2018). Commbank.com.au. Retrieved 23 April 2018, from https://www.commbank.com.au/
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