1. Bank-wide Expense Initiative

2. 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

3. 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

4. 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

5. 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

6. 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…

7. Worksheet

8. Worksheet

9. Worksheet Example

10. Worksheet Example

11. Questions?