Bank-wide Expense Initiative

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Presentation transcript:

Bank-wide Expense Initiative

Executive Banking School First Year Roadmap Customers, Segments, Advertising & Communication Product Pricing & Development Basic Analysis, Planning & Forecasts Welcome to Executive Banking School Delivery Channel Optimization Expense Management Customer Centric Decisions Balancing Trade-offs Tying it all to your bank Intersession Assignment Executive Banking School First Year Roadmap

Announcement To be better positioned to compete in the future and to offset rising compliance costs, your CEO and Board of Directors have initiated a bank-wide program to eliminate 10% of expenses for the next year. Your task is to identify those cost savings, show the financial impact and implement them through your interaction with MarketSim. Failure to do so may trigger engagements with consultants to “force” changes

Assignment Read Cost-cutting With No Regrets from Bain & Company Follow five-step program in article Complete worksheet individually Consolidate into a team plan Present for comment and approval

Five-step Program Assemble the right team Get all ideas on the table Cluster and evaluate ideas Rank and order the ideas Decide which initiatives to launch

Next Steps You will present your worksheets both individual and team to your CEO between 4:00 & 5:00 pm The worksheet will be available in Tactical Case Study tab There will be no trades of promised revenue instead of cuts And yes, 10% and 15% cuts in expenses were considered…

Worksheet

Worksheet

Worksheet Example

Worksheet Example

Questions?