This website uses cookies to ensure you have the best experience. Learn more

Mountain Bank Essay

1186 words - 5 pages

MOUNTAIN BANK

Mountain Bank

Competitive Advantage

The business strategy for Mountain Bank to achieve a competitive advantage has two different paths. One of those paths would be to have a cost leadership strategy. Mountain Bank provides the same basic standardized products and services as do the other banks in the area. The problem with this type of strategy is that there is only one bank that can be the cost leader. The deregulations that allows for mergers and acquisitions within the banking industry would make it easier for larger banks to grow. Furthermore larger banks can be very efficient, and can lower the cost of services and their interest rates enough that a smaller bank ...view middle of the document...

Tellers who are productive at their jobs want more empowerment within the bank. They are the biggest asset of the bank. With their knowledge and front line contact, they help their bank customers every day. They have a high customer satisfaction and represent the bank very well. Already in place is a promotion for those tellers who excel in their role and are elevated to service positions. They do a lot of cross-selling by introducing other products to the already established customers with good credit.
Since the teller is a key to the success of Mountain Bank, human resource professionals need to make changes to their practices to increase the success of the bank. There should be more exchange during communication between tellers and the managers of the bank. This would give more responsibility to the teller because they have received more information from leadership. This would encourage tellers to make suggestions about current processes given that they have firsthand knowledge of improvements needed to be made to increase the success of the financial institution. Rotation of tasks will give the tellers a chance to experience other roles within the bank. Having additional responsibilities will maintain the interest of the employee by this exchange. Training would be available for those who wish to develop their skills and knowledge in other areas. Increased pay for tellers whose performance is above average is available for employees who wish to advance to a higher level within the bank.
Human Resource Strategies

All of these strategies can be broken down into their basic definitions to describe what each one of these represent. The internal/cost strategy is mainly interested in using efficiency to bring down the cost of processes within the work environment, so that the cost of providing the product or service to the customer is reduced. This is a cost leadership focus. The internal definition of the strategy describes the use of the employees within the business. They are to function by performing the tasks needed by lowering the cost of the products or services. The employer satisfies the needs of the employee and in return the employees are loyal to the organization.
Next would be the external/cost strategy. The cost strategy is the same as above. The industry is reducing cost of making the products or reducing the cost of the services. The external definition of the strategy is in hiring employees and not having to provide many benefits or create career paths for them. This includes providing employees with small hourly wages to compensate for the minimal tasks performed. The tasks are simple and training is not required in order to perform them. Turnover is frequent, and employees are typically searching for better employment elsewhere while...

Other assignments on Mountain Bank

Green Building Movement Essay

1193 words - 5 pages and metric design practices. California Public Utilities Commission offers incentives of up to $150,000 per project to compensate for investing in green building. The questions for builders and developers are “do green buildings cost more to build” compared to conventional buildings? And do they offer more benefits such as better health, higher job satisfaction, improved productivity of occupant workers? Rocky Mountain Institute (RMI

Qnt 561 Week 2 Weekly Learning Assessment – Assignment

1187 words - 5 pages it will not lose money next quarter. (Round your answer to 2 decimal places.) Find the Weekly Learning Assessment answers here QNT 561 Week 2 Weekly Learning Assessments Chapter 5 Exercise 22 A National Park Service survey of visitors to the Rocky Mountain region revealed that 50% visit Yellowstone Park, 40% visit the Tetons, and 35% visit both. a. What is the probability a vacationer will visit at least one of these attractions

Dante

2372 words - 10 pages order to escape. Dante and Virgil have a hard time climbing the rocky mountain themselves, even as Virgil is light and is helping Dante and they do not carry the weight of such a heavy cloak or chain as the sinners do. Lines 34-43 “And had it not been, that upon that precinct34 Shorter was the ascent than on the other, He I know not, but I had been dead beat. But because Malebolge tow’rds the mouth37 Of the profoundest well is all

The Economy Of Uk

2897 words - 12 pages billion, equivalent to 66.0 per cent of GDP – (note this excludes financial sector intervention.) If all financial sector intervention is included (e.g. Royal Bank of Scotland, Lloyds), the Net debt was £2311.6 billion (147.3 per cent of GDP). This is known as the unadjusted measure of public sector net debt. After a period of financial restraint, National debt fell to 29% of GDP by 2002. Then, national debt increased from 30% in 2002 to 37 % in

Marketing Plan

3210 words - 13 pages , Montana, and Idaho, before selling the enterprise to a partner. Neuman and Russell, who have been friends since college, decided to develop and market a line of clothing with a unique—yet universal—appeal to outdoor enthusiasts. Blue Sky Clothing reflects Neuman’s and Russell’s passion for the outdoors. The company’s original cotton T-shirts, baseball caps, and fleece jackets and vests bear logos of different sports—such as kayaking, mountain

Andranik Of Armenia

2021 words - 9 pages their independence and land. People would even go far enough to describe him later on as ‘his people’s leader, a counselor, and judge’. “In the history of the Armenian Liberation Movement, Andranik was the most romantic and exceptionally brilliant military figure. His proud head never bowed to the enemy, and the enemy’s blows never reached him. As a volcano erupts from the depths of a mountain, Andranik emerged from the hearts of the Armenian

Vocabulary Instruction: Best Practices

2031 words - 9 pages the door words(level two) * Critical after words (level three) * Word that one does not teach (level four) (Flanagan, K. et. al. 2007) Furthermore, another way that words are chosen for the instruction of our students is by category: 1. Tier One words are basically words that need no further instruction since the students already have them in their memory bank. Watch, child, and angry for example. 2. Tier two words are

English Literauture

1986 words - 8 pages /advice/ sympathy from someone Material downloaded from http://myCBSEguide.com and http://onlineteachers.co.in 1. The landlord was suspicious of the two men staying in his flat so he called the police and turned them in 2. Early in the morning we packed our bags and set off for a hike over the mountain. 3. Janvi came across some photographs of her grandfather in the old trunk. 4. My father set up his own business 10 years ago. 5. The Bank turned

Factors Impact On The Development Of Franchising In Vietnam

2678 words - 11 pages cause an increase in unemployment, and a lot of investors will be looking for new business opportunities, and they will see that franchising will help reduce risks for businesses, and as the stock market continues to fall, and banks find it difficult to access bank loans due to the banks’ policies on tightening credit, franchise will be a good choice for investors (VNE). ❖ Price: it is also a factor impacts on the development of

Engineering

2514 words - 11 pages hot (CIA, 2011) which means that the demand for soft drinks may increase due to residents needs to keep hydrated throughout the day. Although very high in population, India is only 1/3rdthe size of the US and the country’s vast landscape comprises of deserts, forests, mountain ranges etc which could prove difficult and time consuming for soft drink manufacturers transporting goods to suppliers throughout different regions of India (Maps of

Health South

3554 words - 15 pages (SEC), bank fraud, overbilling insurance companies (overbilling Medicare scandal) and etc. Scrushy himself took advantage of HealthSouth and gained, “$278.7 million in property which Scrushy derived from proceeds of the alleged offenses, including several residences, boats, aircraft and luxury automobiles” (Mokhiber, 2003). He owned 34 automobiles including 2 Rolls-Royces and one Lamborghini (Jennings, 2012). Also, Scrushy operated HealthSouth as

Similar Documents

The Glass Cieling Essay

1009 words - 5 pages Mountain Bank 1. Discuss the strategies that Mountain Bank should implement to achieve a competitive advantage in the marketplace. Changes are occurring in all organizations. Mountain Bank is no exception. Mountain Bank has a strong presence in retail banking and limited presence in the consumer lending, real estate and mortgage banking, and corporate banking lines. It is recognized that corporate banking is profitable. Since Mountain Bank

Foods Essay

384 words - 2 pages | | |Monday |2 eggs |180 |Calories Burned: walked to the bank| | |Cup of hash browns |413 |twice about 15 minutes there 15 | | |2slices of bacon |80 |minutes back each time

Andes Flight Disaster Essay

2825 words - 12 pages it was attached to was severed. The fuselage hit the ground and slid down a steep mountain slope before finally coming to rest in a snow bank. The location of the crash site is 34°45′54″S 70°17′11″W, in the Argentine municipality of Malargüe (Malargüe Department, Mendoza Province). Early days Of the 45 people on the plane, 12 died in the crash or shortly thereafter; another five had died by the next morning, and one more succumbed to injuries

Who Are Heros Essay

743 words - 3 pages achieved dwelling. As soon as the beautiful trees with fall colors start to dispel their leaves, it is as if a blanket is covering the forest for a nice nap. There is a road with winding turns, telescopic mountain passageways, and marvelous tunnels to enter the lake. Mirroring the gates of heaven, this is by far the closest thing on earth one will find near that sensation. After the passageway of parade-inspiring colors, one finds the opening to