How to implement strategies in your own frame of reference

March 4, 2011 - PRLog -- After more than two years in heads-down crisis mode, senior executives are once again looking to the future. Whether or not they believe the global crisis is over, many recognise that their world has fundamentally altered and continues to structurally evolve – more rapidly now than ever before.

Companies that win in these times will be those that not only stay ahead of these changes, but embrace them and turn them to their advantage. To be able to do this will require a deep understanding of the underlying forces re-shaping the world over the coming decade, recognising their likely impact and preparing your strategy to capture the opportunities they present.

Nothing about building strategy is easy: data collection and analysis requires time, attention to detail- and a willingness to ask the hard questions; in order to make the right strategic decisions. This mission critical phase takes commitment and a good measure of business sense, enhanced by imagination: it’s the starting point for successful leadership and for ensuring that the bank fully realizes the opportunities for revenue growth as well as expense reduction in the long term.

Key conference topics:

   * The impact of economic transformation on the Russian banking sector
   * What does it mean to define and develop a strategy? How is a strategy created and formulated?
   * Building a new efficient business management strategy in your own frame of reference: shareholders, regulators and the operational environment. Implications of the market structure: Two big state-backed banks vs. the rest of the market
   * What do you need to consider when implementing strategy in the “new reality” Prioritizing your development choices, which way forward? What new products will the market need?
   * Strategic realities: How do you launch your strategy and effectively communicate it to the business units?
   * Change management: building in and implanting innovative components into the system.
   * What professional and human factors help to ensure success when launching transformational projects?
   * Is it better to outsource development of your strategic plan or is it better to formulate your goals and targets independently?

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