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Vi. Strategy Implementation Long-Term Objectives
Vi. Strategy Implementation Long-Term Objectives
STRATEGY IMPLEMENTATION
Long-term Objectives
The long-term objective for this strategy is to increase the company’s profitability by
29% through retrenchment, specifically using the turnaround strategy. Increasing its revenue
through changing portfolio by selling assets in the countries like Japan and some other parts of
Europe where interest rates are expected to remain lower due to poor performance. Diversify its
business in the United States by investing new emerging technology advancements to cover all
the possibilities of emerging online banks. Also include the reduction of cost to improve the
Annual Objectives:
Increase segments
profitability this year by
54%. (Current profits are
$7.3 billion)
Strengthen supervision
Possess and create a Engage in digital
by providing guidance
comprehensive vision marketing by
and create ethical
and mission establishing a
standard. Reduce operating
statement. company website.
expenses as to reducing
employees and
implement strict control
on administrative cost.
Invest in technology
advancements
Policies
● All employees and personnel must follow the company’s rules and regulations to
minimize future costs and ensure that inside and outside transactions are executed
● All bank activities, including all the investments in domestic and international markets
feedback and reach out to the top management to mitigate any problems arising in the
● Emphasize the critical nature of internal controls to all levels of personnel, committed to
preference.
● All departments must submit a monthly transaction data report to monitor the progress of
each operation.
● Employees must undergo training and must have acquired the skills needed according to
Resource Allocation
Financial Resources
The Finance Department will allocate $4.7 billion for the implementation of the
strategies.
The funds will be source from the company’s retained earnings and workforce layoff.
Human Resources
The Human Resource and Administrative Department will allocate severance packages
and other additional services for the affected employees caused by the layoff of
The company does not have any expenses to allocate in its Production and Operation
department as they will be focusing on improving their internal control and will tightly
Marketing Resources
The Marketing Department will allocate $2.5 billion in maximizing the usage of digital
marketing and about $2.1 billion for the company's investment in technological
advancement.