Innovation and Business Development Strategies at Commonwealth Bank

This report examines the innovation and business development strategies of Commonwealth Bank in Australia, highlighting the importance of maintaining a robust business model canvas for continued success. It emphasizes the bank's need to uphold its tradition of providing excellent customer service while formulating effective expansion strategies. The analysis underscores how a well-maintained business canvas can contribute to the company's growth and development, enabling it to adapt to the dynamic banking market and sustain its industry reputation. The report concludes that Commonwealth Bank should focus on making its business model flexible to dominate the Australian banking sector.

INNOVATION AND BUSINESS
DEVELOPMENT

INTRODUCTIO
N
 Innovation is needed for companies to be
successful in the business market
 Commonwealth Bank needs to maintain
such business model canvas for success in
Australia
 Commonwealth Bank is the most famous
and reputed public sector bank in Australia

ANALYSIS
 Commonwealth Bank need to maintain its
tradition by providing the best services to
the customers
 Business canvas model can help in the
growth and development of the company
 Satisfying customers and formulating
strategies for expansion are required for
the success of the company

CONCLUSI
ON
 Commonwealth Bank need to expand in
the business market by the application of
business model
 The business canvas can help the bank to
develop itself in the business market so
that it maintain its reputation in the
industry
 Commonwealth bank need to make its
business flexible so that it can dominate
the banking market of Australia

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