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

Mountain Bank Essay

1021 words - 5 pages

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 has such a small presence in the corporate banking market, it has to position itself to communicate this business line to a new audience.
To achieve a competitive advantage in the marketplace, Mountain Bank should implement the differentiation strategy. Mountain ...view middle of the document...

This training would mean that the tellers would better know how to persuade the retail account holders to open corporate accounts or to get their home mortgages through Mountain Bank.
When the tellers become better trained, they are more involved and more productive. This becomes a great benefit for Mountain Bank as well as for the employees. As it becomes more profitable, the bank could increase benefits and rewards offered to the employees.
When tellers are trained using the universalistic approach, they are trained with standards and commitments channeled toward a specific goal. Because of their close supervision, it is not likely that they will deviate from the normal procedure. “Train a teller in the way s/he should perform and when s/he is older he will not depart from that training.”
3. Discuss the four human resource strategies (internal/cost, external cost, internal/differentiation and external/differentiation) that may be implemented within an organization.
The internal/cost human resource strategy, also known as the loyal soldier strategy, involves hiring employees who will stay with the company and do whatever is asked of them. These employees are highly skilled and have multi-tasking abilities. I think an example of this type of employee would be the career soldier of our armed forces.
External cost strategy, or bargain laborer, is based on hiring unskilled workers who perform the simplest tasks. These workers are trained on specifics to complete assigned tasks and do not demand high wages. Usually this strategy offers no advancement or promotion for the employees. The bargain laborer is offered only minimal benefits. This reminds me of the agricultural farm laborers.
When internal orientation is combined with a differentiation strategy the result is the committed expert. The internal/differentiation strategy is concerned with hiring and retaining employees who specialize in certain areas of work. An example of this employee is the “expert witness” hired for their expertise in any given area of specialization.
The free agent or external/differentiation human resource strategy refers to the combination of...

Other Papers Like Mountain Bank

Mountain Bank A Case Study

1196 words - 5 pages Assignment #1 Business Strategy Strayer University HRM530 Section 016 April 23, 2011   Mountain Bank A Case Study I. I would recommend that Mountain Bank implement the following competitive strategy for the reasons given: a. Mountain Bank should follow the differentiation strategy. i. Mountain Bank should follow this strategy because few organizations can successfully use the cost leadership strategy. One problem with a cost

One of My Many Assigments Essay

1638 words - 7 pages Mountain Bank Strategic Human Resource Management 1/23/2012 Introduction In this case, it will be discussed how a company should incorporate business and human resource related strategies to achieve the highest level of competitive advantage and overall highest profitability amongst its competition. Discuss the strategies that Mountain Bank should implement to achieve a competitive advantage in the marketplace. Mountain Bank

Corporate Citizenship

4754 words - 20 pages Bank of America: Analyzing Corporate Citizenship In the words of Thomas Friedman, “If you don't visit the bad neighborhoods, the bad neighborhoods are going to visit you.” With “bad neighborhoods” symbolizing customers, this portrays a direct consequence of what can happen if a company does not take into account the impacts of its business decisions. As society progresses through the 21st century, it is clear that the people along with the

Case of the Proposed Jiminy Peak Wind Turbine

1605 words - 7 pages benefits of energy conservation, alternative energy sources, and, specifically, wind turbine technology. Jiminy Peak Mountain Resort could also offer to honor the bank in some way for their financial support in an attempt to extinguish any concerns about potential collateral when the turbine is not running. Finally, a local company could be hired by Jiminy Peak to build a construction route to the lodge that would not disrupt the daily lives of those

External And Internal Envirnments

2747 words - 11 pages company in America is not alone at the top of the mountain in terms of financial institutions. Competition from several thousand banks and even Credit Unions all have a large impact on the overall profitability of Bank of America. Market competitors have in recent months pushed several competitive products that directly impact Bank of America, one product is fee free checking accounts. Bank of America has addressed this concern by offering the

Business Plan: Hiking and Mountaineering Guide Company

1155 words - 5 pages BUSINESS PLAN: “Mountain Star” Hiking and Mountaineering guide company • Nature and objectives of the business • Personnel • Services • Target customers • Advertising • Location • Equipment • Sales forecast • Budget [pic] The main business activity of the company will be to provide tourists with trained guides for hiking or climbing and mountaineering in the Romanian mountains. Its

Learning and Development

4692 words - 19 pages in 1995 after the EPRDF’s takeover the government power. The bank has named itself after the Mount Dashen, the tallest mountain in Ethiopia, and aspires to be unparallel in banking services like Mount Dashen in Ethiopia. Dashen bank has earned more than 10 awards for it is ‘the best private bank in Ethiopia’ at different times from different international awarding organizations. The bank started being unparallel when it has pioneer the use of core

Rocky Mountain Chocolate Factory Audit 2

3582 words - 15 pages MGMT 436 Larry Dudley Group 3 Rocky Mountain Chocolate Factory Inc. Audit Karla Schaapveld, Jeremy Smith, Mark Bourgoin, Matt Misitano, Diego Elizalde, Jeff Stanton, and Reilly Kindred CASE 22 Rocky Mountain Chocolate Factory Inc. Jeremy Smith I. CURRENT SITUATION A. Current Performance * 329 Franchised and 5 Company owned stores * Increasing revenues year to year with $16.7 Million in 2008 * Sales have

Apalachountains

7296 words - 30 pages , most people feel an urgency to assist friends, family members, coworkers, and/or strangers in need or in crisis. Why should we volunteer? Many people donate their time for varying reasons whether it’s fundraising for disaster relief or collecting, preparing, and serving food for a food bank (Moore). Maybe it’s the warm sensation in your heart after you play a game of chess with a bedridden cancer patient, or the contagious smiles shared between

Assignment

6773 words - 28 pages various items, recording the different operators, and displaying the correct amount of change due for cash transactions. Numbered sales slips will be used, and each book signed for in a log book. All slips will be accounted for. The Moose Mountain Café will accept credit cards and a credit card machine will be purchased. Rosie Jenkins will prepare deposits and take them to the bank daily. All checks will be written and signed by Ms. Jenkins

Assign

430 words - 2 pages FI504 Practice Case Study 3 on Cash Budgeting This is a practice case study to help you become familiar with how to create a comprehensive cash budget. The cash budget relates to TCO D and is discussed in Chapter 7. Your Professor will provide the solution by the end of Week 5 in Doc Sharing. The actual case study assignment should be uploaded by 11:59PM Mountain time of the Sunday ending Week 6 to the Week 6 Assignment Dropbox. You are

Related Essays

Mountain Bank Essay

314 words - 2 pages Mountain Bank 1. What competitive business strategy do you recommend for Mountain Bank? I would probably recommend the differentiation business strategy due to the following: a. retail banking b. consumer lending c. real estate & mortgage banking d. corporate banking e. customer service In this case Mountain Bank they should focus on the contingency approach, which would lead to innovation, quality enhancement and career

Mountain Bank Essay

566 words - 3 pages Mountain Bank A Case Study I. I would recommend that Mountain Bank implement the following competitive strategy for the reasons given: a. Mountain Bank should follow the business level strategy. i. Which concerns how the bank will compete with other banks. Mountain Bank with four different major business lines units may have different strategy for each unit. Because each units provides a specific type of services to

Mountain Bank Essay

1476 words - 6 pages Mountain Bank is an establishment found in the northwest of the United States. There are four areas of business lines used by Mountain Bank they are corporate banking, retail estate and mortgage banking, consumer lending and retail banking (Stewart & Brown, 2009). Consumer lending and retail banking has been the financially beneficial to Mountain Bank as they have 50% and 25% of the market respectively (Stewart & Brown, 2009). However

Mountain Bank Essay 1255 Words

1255 words - 6 pages Discuss the strategies that Mountain Bank should implement to achieve a competitive advantage in the marketplace. 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 does the other banks in the area. The problem with this type of strategy is that there is