Alternative
Content
Generally alternative solutions refer making choice besides limited to one of two or more possibilities. In logically we can say that the selection of which prohibit any other possibility. It means the courses of action that can be chosen by asserting two or more choices as because at least one of which would be accurate. In an appropriate manner we can say an alternative solution in terms of business is like a design that complies with one or more requirements of the Building perfect strategy for any business.
Alternative # 01 Do Nothing:
Actually, do nothing strategy is like, there is nothing like a good cup of coffee. The do nothing strategy is keeping in the pink, not to be confused with in the red. The do nothing strategy is to be applied whenever the complexity of the environment or the situation is such that no predictable outcome can be foreseen. It is also applicable whenever opponent force is likely to act towards its self-consumption. The company situation during the alternative one will actually keep the overall operation constant. That normally means the continual ongoing process with changing or modifying any of the business strategy. In this situation the company will not incur any additional cost or the annual budget modifications to run their business. On the other hand the general profitability or the organizational growth will also be remaining constant. And if any incidents not happen then the company will not face extra problem other than currently facing problems.
Pros of alternative 01:
No additional Cost will incur: If the Banco Ganadero (BG) follows the do nothing
strategic implementation then obviously there will be any additional cost. So the company will be able to run without any tension of collecting finance or find the source of the finance for implementing other strategy. So that we can consider no additional cost can be a powerful pros point of the alternative one.
Less risk factor would be occurring: Generally here less risk factor will be will come
because we all know that if any company try to change its strategic planning only then they need to take the risk of that changing situation. So it is very much clear that if the company follows the do nothing strategy then surely less risk factor would become one of the good pros points of the alternative.
The working atmosphere of the company will remain normal: So if the
company likes to follow the do nothing strategy as the alternative solution of their raised strategic problem then, normally the internal working atmosphere of the company will not face
any change. As a result we would be able to consider the do nothing strategy as a helpful alternative solution of the raised problem more over we would be able to consider this no change in work atmosphere as a key pros of the alternative solution one.
Management will get time to draw the best strategic plan for the conning future: In the present condition of the internationalization as well as keeping leading position
in local area of the banking sector the fundamental and most appropriate planning and also most vitally the best implementation of that plan is very much crucial. That’s why by considering this moment of the zenith position of the BG we can identify the do nothing policy as Beneficial point of the alternative one.
Operational function of the company will not get hampered: If the company
follow the do nothing strategy then apparently the operational function would not be hampered normally other than any sudden incident. It is because the company already has their all necessary policies to operate the business smoothly though they are not that much successful in terms of other international bank. And this alternative would be helpful for them in running their banking business without affecting hugely the total operational function of the company
Cons of the alternative 01:
Day by day problem will be rising: from the case we can see that they have all their
necessary business policies be fully successful in the local as well as in the international market but they were facing some little problem in the perfect implementing of their policies in an appropriate way, at the right time as well as in right place. On the other hand if they follow the do nothing policy then surely these types of problems will increase gradually and normally it will directly hold down the increasing growth of the company.
The normal flow of the increasing profitability wills behampering : In the
context of selecting does nothing policy we could able toidentify that the bank will also face a great hampering of the normal flow of the increasing profitability. And ultimately in the long term context it will badly damage the overall profitable as well as leading condition of this bank in both locally and globally. That’s why we think that these have great bad impact in the long run and obviously we should not follow this strategy for the long term purpose.
Leading position of the company might become obsolete: Though now in the
local market the BG is in the leading position but we can assure that soon after the implementation of do nothing strategy the bank surely lose its leading position if they try to hold up this alternatives for the long term consequences. So we can now logically say that the do nothing strategy has also cons beside the leading position of the Bnco Ganadero.
Better internationalization by acquiring leading position will not be possible: The vision of BG is to achieve the international presence by joining the activity in
the capital market of the world. But if the company try to follow the do nothing strategy for large amount of time then obviously they will face the problems in better internationalization by acquiring leading position in the international capital market.
Continual sustaining with their mission statement for dreaming the achievement of the vision might get corrupted: The Banco Ganadero has
appropriately defined its mission statement and the vision. But as currently as they are facing some sorts of problems in the context of the best financial institution we think they need to change or update their strategies as per the necessity of the customer market. But if they follow the do nothing strategy for the best solution of their raised problem then obviously the continual sustaining with their mission statement for dreaming the achievement of the vision might get corrupted
Alternative # 02 Acquiring more US market share
Itwould be able capture leading position in international market like Latin America and continue be able to hold the leading position in its home country moreover to survive the increasingly open competition from foreign banks and would be able to overcome all other challenges like, increasing efficiency, attracting Colombian investors, technological and Intercommunication advancement etcetera.
Pros of alternative 02:
High success rate because of USA’s economy: fro the case we can found that, Banco
Ganadero was still not first in profit, operating costs were tremendously high and, therefore, margins
were considerably affected, threatening the bank’s profitability. There were still many failures to follow the regulations established by the bank. In spite of all the efforts in the training of the human talent, and the investments in technology, the bank continued facing very serious problems that affected banking operation. We have spoken a lot about service to the client, but our client continues unsatisfied. He does not receive the service that he expects and requires. We are not giving the client the added value that he expects from the bank. So we can say that with the proper modification of the existing strategies if we can able to implement the policies perfectly then obviously not only all the strategically raised problems mentioned above would be solved but also other simple strategy based problems will also be resolved in full manner.
Stock market enlisting will come handy
At this moment the Banco Ganadero is in the leading position in the Colombia. And now we can assure that if the bank follows the alternative two solutions then there would be no doubt that it will sustain its leading position in the Colombia for the long term situation. On the other hand by proper implementation of the alternative two the bank would be able to take its international leading regional position very easily. So we can consider this matter as one of the important pro of the alternative two.
Potential to become one of the major connector between USA & Columbian economy: in the case we have informed that the BG was struggling for increasingly open
competition from foreign banks. So it was one of the great threats for the company. But in the process of the alternative two this problems would be automatically solved as because by showing the good performance of the modified strategies with proper implantation the investor will attracted.
Both internal as well as the external needs assessment would be cover up with full satisfaction of both customers and staffs: At this moment the company
has a number of needs assessments both internally and externally. And the pro here is acting like the fulfillment of the all those needs assessments to continue the banking successfully in locally and internationally.
Corporate global strategy will be automatically fit both in internal and external area of the organization: now days the Banco Ganadero is trying to make
expansion internationally and that are why the best global strategy is very much required for perfect expansion of the branch of BG in the overseas. Here in the alternative two we can found that the strategy modification is doing as positively to fit the global business strategy perfectly with the organizational context.
Cons of the alternative 02:
Lack of experience in USA market: Actually the proper implementation of the
alternative two is very much time consuming as because the total process of this alternative solution is very much vast in practical situation. So that it will take huge time to mix up with the total modification system as well to using the best implementations.
Initial start cost will be a major issue
As the total implementation process is very much vast that’s why in the primary time of the implementation will normally incur a large amount of cost and the company will need to make specific budget for the perfect implementation of the alternative solution two. That’s why for the maximization of the cost we are found this point as the con point of the alternative two.
Appropriate strategic management has to hire or the existing management has to be get well trained: If any company needs to change or modify
its business policies then obviously they badly need to hire the expert person or need to train the existing management personnel so that they can appropriately modify the strategies. But the total arrangement of this process is both time consuming and also required the additional funding.
The modifying operating system would cause unexpected problem temporarily: When a company is trying to modify its business policies in a fulfill manner
then obviously the total operation process of the business will be modified and the sudden change or the modification of the operational program can simply cause simple problem like employee dissatisfaction, customers changing on the brand preferences and many other things which can hamper the normal flow of the business.
Any fault in the modified strategy could cause huge damage on the banks overall scenario: On the other hand if in the modified strategic plan had any types of fault
then obviously the total implementation process would be hamper and as a result the huge damage of the business could be occur. So that we can say best strategy also may have the con which can destroy the overall business System.
Alternative # 03 Increase the subsidiary operations
Establish totally new global strategy with proper technological advancement and customer satisfaction to get the leading regional position in international market like Latin America as well as add additional value added services to hold on the local market top position. This process is similar in some context to the alternative two but the main difference is it will be totally a new different business strategy compare to the previous one. It will also solve different management oriented problem but those are only internationalization oriented. Actually here in the alternative three we have assume that we do not need to modify any present business strategy in Colombia rather the bank can build a new value added based business strategy with proper technological advancement and the customer satisfactions to grab the international market like Latin America. And as the bank has already its leading position in Colombia so that we do not need to modify any business plan.
Pros of alternative 03:
Grabbing more market share: By develop the alternative solution three the company
would be able to very much successful in the perfect expansion of international business. So that we can say that it is one of the most vital pro against the alternative three. Actually in logically we also can say that at this moment the international expansion of this bank is very much necessary for the growing success as it has already capture its home country capital market.
Less pressure on the regular banking operation: though BG invests a lot for
development of the technology but actually in the real life they were still suffering from this point. So if the alternative three has been taken for solving the currently facing strategy deficiency then also the technological advancement will be held automatically.
Can be alternative source of money:
If we consider the alternative three, then actually we can found the BG would be able to make perfect strategic plan for capturing the leading position capital Market in Latin America. Here we can actually say that the internationalization process in this aspect is necessary for future growing profitability of the Banco Ganadero.
Value added service will satisfy the customers: in the alternative three we have
found the value added service for satisfying the customers. Though Banco Ganadero was serious enough in better customer service but unfortunately they failed to get the full success to satisfy the customer in Colombia. But here in the third alternative solution we find value added service as one of the most important pro of this alternative.
Cons of the alternative 03:
Too much dependency on subsidiary can lead to bad result in the future:
in our third alternative solution we tried to focus short term better solution, but to solve the company’s each problem this strategy would not work effectively. That’s why it is one vital con of this alternative three. On the other hand we also can say that if we need to change or modify the strategic plan then obviously we should follow the best alternatives which can overcome almost all the problems.
Costing is a big issue: In the alternative two we find out the additional cost as one of the
most vital con of the alternative. Here again in the alternative three we have found the same point as another vital con of this alternative three. Actually the additional cost will come whether we took any alternative as the solving solution of the raised problems other than do nothing strategy.
Maintaining the subsidiaries will become a big challenge : If any company
needs to develop a new business policy then obviously they badly need to hire the expert person so that they can appropriately build the strategies which will perfectly fit with the new organization. But the total arrangement of this process is both time consuming and also required the additional funding or the annual budget of the company needs to be specified according to the necessity of the building new policy.
Though the internationalization would be successful but the strategic problem will be remain constant in the core banking business of BG in Colombia: If we going to follow the third alternative solution then may be the
internationalization will became very much successful but the problem with the core banking strategies in Colombia will not be finished, so that we can consider it as another con of the alternative three.
Alternative # 04
Focus more on the Latin-American Region: Establish totally new global
strategy with proper technological advancement and customer satisfaction to get the leading regional position in international market like Latin America as well as add additional value added services to hold on the local market top position. This process is similar in some context to the alternative two but the main difference is it will be totally a new different business strategy compare to the previous one. It will also solve different management oriented problem but those are only internationalization oriented. Actually here in the alternative three we have assume that we do not need to modify any present business strategy in Colombia rather the bank can build a new value added based business strategy with proper technological advancement and the customer satisfactions to grab the international market like Latin America. And as the bank has already its leading position in Colombia so that we do not need to modify any business plan.
Pros of alternative 04:
Knowledge about consumers: By develop the alternative solution three the company
would be able to very much successful in the perfect expansion of international business. So that we can say that it is one of the most vital pro against the alternative three. Actually in logically we also can say that at this moment the international expansion of this bank is very much necessary for the growing success as it has already capture its home country capital market.
Policy making will be easy : though BG invests a lot for development of the technology
but actually in the real life they were still suffering from this point. So if the alternative three has been taken for solving the currently facing strategy deficiency then also the technological advancement will be held automatically.
Communicating will easy compare to other expansion plans: If we consider the
alternative three, then actually we can found the BG would be able to make perfect strategic plan for capturing the leading position capital Market in Latin America. Here we can actually say that the internationalization process in this aspect is necessary for future growing profitability of the Banco Ganadero.
Value added service will satisfy the customers: in the alternative three we have
found the value added service for satisfying the customers. Though Banco Ganadero was serious enough in better customer service but unfortunately they failed to get the full success to satisfy the customer in Colombia. But here in the third alternative solution we find value added service as one of the most important pro of this alternative.
Cons of the alternative 04:
Initiation will be needing changes in policies : in our third alternative solution we
tried to focus short term better solution, but to solve the company’s each problem this strategy would not work effectively. That’s why it is one vital con of this alternative three. On the other hand we also can say that if we need to change or modify the strategic plan then obviously we should follow the best alternatives which can overcome almost all the problems.
Monetary valuation : In the alternative two we find out the additional cost as one of the
most vital con of the alternative. Here again in the alternative three we have found the same point as another vital con of this alternative three. Actually the additional cost will come whether we took any alternative as the solving solution of the raised problems other than do nothing strategy.
Human talent will be needing at its best currently BG lacks in that particular sector : If any company needs to develop a new business policy then obviously
they badly need to hire the expert person so that they can appropriately build the strategies which will perfectly fit with the new organization. But the total arrangement of this process is both time consuming and also required the additional funding or the annual budget of the company needs to be specified according to the necessity of the building new policy. If we going to follow the third alternative solution then may be the internationalization will became very much successful but the problem with the core banking strategies in Colombia will not be finished, so that we can consider it as another con of the alternative three.
Alternative # 05
Take advantage of Columbia's open market policy:
Establish totally new global strategy with proper technological advancement and customer satisfaction to get the leading regional position in international market like Latin America as well as add additional value added services to hold on the local market top position. This process is similar in some context to the alternative two but the main difference is it will be totally a new different business strategy compare to the previous one. It will also solve different management oriented problem but those are only internationalization oriented. Actually here in the alternative three we have assume that we do not need to modify any present business strategy in Colombia rather the bank can build a new value added based business strategy with proper technological advancement and the customer satisfactions to grab the international market like Latin America. And as the bank has already its leading position in Colombia so that we do not need to modify any business plan.
Pros of alternative 05:
Increase market share: By develop the alternative solution three the company would be
able to very much successful in the perfect expansion of international business. So that we can say that it is one of the most vital pro against the alternative three. Actually in logically we also can say that at this moment the international expansion of this bank is very much necessary for the growing success as it has already capture its home country capital market.
More close to the core market: though BG invests a lot for development of the
technology but actually in the real life they were still suffering from this point. So if the alternative three has been taken for solving the currently facing strategy deficiency then also the technological advancement will be held automatically.
Monetary solution: If we consider the alternative three, then actually we can found the BG
would be able to make perfect strategic plan for capturing the leading position capital Market in Latin America. Here we can actually say that the internationalization process in this aspect is necessary for future growing profitability of the Banco Ganadero.
Cons of the alternative 03:
Risk on countries economical dependency at the initial level : in our third
alternative solution we tried to focus short term better solution, but to solve the company’s each problem this strategy would not work effectively. That’s why it is one vital con of this alternative three. On the other hand we also can say that if we need to change or modify the strategic plan then obviously we should follow the best alternatives which can overcome almost all the problems.
Risk Competitors counter-move: In the alternative two we find out the additional cost
as one of the most vital con of the alternative. Here again in the alternative three we have found the same point as another vital con of this alternative three. Actually the additional cost will come whether we took any alternative as the solving solution of the raised problems other than do nothing strategy.
Companies technical & human-talent will be tested : If any company needs to
develop a new business policy then obviously they badly need to hire the expert person so that they can appropriately build the strategies which will perfectly fit with the new organization. But the total arrangement of this process is both time consuming and also required the additional funding or the annual budget of the company needs to be specified according to the necessity of the building new policy. If we going to follow the third alternative solution then may be the internationalization will became very much successful but the problem with the core banking strategies in Colombia will not be finished, so that we can consider it as another con of the alternative three.
Alternative # 01 Do Nothing:
Actually, do nothing strategy is like, there is nothing like a good cup of coffee. The do nothing strategy is keeping in the pink, not to be confused with in the red. The do nothing strategy is to be applied whenever the complexity of the environment or the situation is such that no predictable outcome can be foreseen. It is also applicable whenever opponent force is likely to act towards its self-consumption. The company situation during the alternative one will actually keep the overall operation constant. That normally means the continual ongoing process with changing or modifying any of the business strategy. In this situation the company will not incur any additional cost or the annual budget modifications to run their business. On the other hand the general profitability or the organizational growth will also be remaining constant. And if any incidents not happen then the company will not face extra problem other than currently facing problems.
Pros of alternative 01:
No additional Cost will incur: If the Banco Ganadero (BG) follows the do nothing
strategic implementation then obviously there will be any additional cost. So the company will be able to run without any tension of collecting finance or find the source of the finance for implementing other strategy. So that we can consider no additional cost can be a powerful pros point of the alternative one.
Less risk factor would be occurring: Generally here less risk factor will be will come
because we all know that if any company try to change its strategic planning only then they need to take the risk of that changing situation. So it is very much clear that if the company follows the do nothing strategy then surely less risk factor would become one of the good pros points of the alternative.
The working atmosphere of the company will remain normal: So if the
company likes to follow the do nothing strategy as the alternative solution of their raised strategic problem then, normally the internal working atmosphere of the company will not face
any change. As a result we would be able to consider the do nothing strategy as a helpful alternative solution of the raised problem more over we would be able to consider this no change in work atmosphere as a key pros of the alternative solution one.
Management will get time to draw the best strategic plan for the conning future: In the present condition of the internationalization as well as keeping leading position
in local area of the banking sector the fundamental and most appropriate planning and also most vitally the best implementation of that plan is very much crucial. That’s why by considering this moment of the zenith position of the BG we can identify the do nothing policy as Beneficial point of the alternative one.
Operational function of the company will not get hampered: If the company
follow the do nothing strategy then apparently the operational function would not be hampered normally other than any sudden incident. It is because the company already has their all necessary policies to operate the business smoothly though they are not that much successful in terms of other international bank. And this alternative would be helpful for them in running their banking business without affecting hugely the total operational function of the company
Cons of the alternative 01:
Day by day problem will be rising: from the case we can see that they have all their
necessary business policies be fully successful in the local as well as in the international market but they were facing some little problem in the perfect implementing of their policies in an appropriate way, at the right time as well as in right place. On the other hand if they follow the do nothing policy then surely these types of problems will increase gradually and normally it will directly hold down the increasing growth of the company.
The normal flow of the increasing profitability wills behampering : In the
context of selecting does nothing policy we could able toidentify that the bank will also face a great hampering of the normal flow of the increasing profitability. And ultimately in the long term context it will badly damage the overall profitable as well as leading condition of this bank in both locally and globally. That’s why we think that these have great bad impact in the long run and obviously we should not follow this strategy for the long term purpose.
Leading position of the company might become obsolete: Though now in the
local market the BG is in the leading position but we can assure that soon after the implementation of do nothing strategy the bank surely lose its leading position if they try to hold up this alternatives for the long term consequences. So we can now logically say that the do nothing strategy has also cons beside the leading position of the Bnco Ganadero.
Better internationalization by acquiring leading position will not be possible: The vision of BG is to achieve the international presence by joining the activity in
the capital market of the world. But if the company try to follow the do nothing strategy for large amount of time then obviously they will face the problems in better internationalization by acquiring leading position in the international capital market.
Continual sustaining with their mission statement for dreaming the achievement of the vision might get corrupted: The Banco Ganadero has
appropriately defined its mission statement and the vision. But as currently as they are facing some sorts of problems in the context of the best financial institution we think they need to change or update their strategies as per the necessity of the customer market. But if they follow the do nothing strategy for the best solution of their raised problem then obviously the continual sustaining with their mission statement for dreaming the achievement of the vision might get corrupted
Alternative # 02 Acquiring more US market share
Itwould be able capture leading position in international market like Latin America and continue be able to hold the leading position in its home country moreover to survive the increasingly open competition from foreign banks and would be able to overcome all other challenges like, increasing efficiency, attracting Colombian investors, technological and Intercommunication advancement etcetera.
Pros of alternative 02:
High success rate because of USA’s economy: fro the case we can found that, Banco
Ganadero was still not first in profit, operating costs were tremendously high and, therefore, margins
were considerably affected, threatening the bank’s profitability. There were still many failures to follow the regulations established by the bank. In spite of all the efforts in the training of the human talent, and the investments in technology, the bank continued facing very serious problems that affected banking operation. We have spoken a lot about service to the client, but our client continues unsatisfied. He does not receive the service that he expects and requires. We are not giving the client the added value that he expects from the bank. So we can say that with the proper modification of the existing strategies if we can able to implement the policies perfectly then obviously not only all the strategically raised problems mentioned above would be solved but also other simple strategy based problems will also be resolved in full manner.
Stock market enlisting will come handy
At this moment the Banco Ganadero is in the leading position in the Colombia. And now we can assure that if the bank follows the alternative two solutions then there would be no doubt that it will sustain its leading position in the Colombia for the long term situation. On the other hand by proper implementation of the alternative two the bank would be able to take its international leading regional position very easily. So we can consider this matter as one of the important pro of the alternative two.
Potential to become one of the major connector between USA & Columbian economy: in the case we have informed that the BG was struggling for increasingly open
competition from foreign banks. So it was one of the great threats for the company. But in the process of the alternative two this problems would be automatically solved as because by showing the good performance of the modified strategies with proper implantation the investor will attracted.
Both internal as well as the external needs assessment would be cover up with full satisfaction of both customers and staffs: At this moment the company
has a number of needs assessments both internally and externally. And the pro here is acting like the fulfillment of the all those needs assessments to continue the banking successfully in locally and internationally.
Corporate global strategy will be automatically fit both in internal and external area of the organization: now days the Banco Ganadero is trying to make
expansion internationally and that are why the best global strategy is very much required for perfect expansion of the branch of BG in the overseas. Here in the alternative two we can found that the strategy modification is doing as positively to fit the global business strategy perfectly with the organizational context.
Cons of the alternative 02:
Lack of experience in USA market: Actually the proper implementation of the
alternative two is very much time consuming as because the total process of this alternative solution is very much vast in practical situation. So that it will take huge time to mix up with the total modification system as well to using the best implementations.
Initial start cost will be a major issue
As the total implementation process is very much vast that’s why in the primary time of the implementation will normally incur a large amount of cost and the company will need to make specific budget for the perfect implementation of the alternative solution two. That’s why for the maximization of the cost we are found this point as the con point of the alternative two.
Appropriate strategic management has to hire or the existing management has to be get well trained: If any company needs to change or modify
its business policies then obviously they badly need to hire the expert person or need to train the existing management personnel so that they can appropriately modify the strategies. But the total arrangement of this process is both time consuming and also required the additional funding.
The modifying operating system would cause unexpected problem temporarily: When a company is trying to modify its business policies in a fulfill manner
then obviously the total operation process of the business will be modified and the sudden change or the modification of the operational program can simply cause simple problem like employee dissatisfaction, customers changing on the brand preferences and many other things which can hamper the normal flow of the business.
Any fault in the modified strategy could cause huge damage on the banks overall scenario: On the other hand if in the modified strategic plan had any types of fault
then obviously the total implementation process would be hamper and as a result the huge damage of the business could be occur. So that we can say best strategy also may have the con which can destroy the overall business System.
Alternative # 03 Increase the subsidiary operations
Establish totally new global strategy with proper technological advancement and customer satisfaction to get the leading regional position in international market like Latin America as well as add additional value added services to hold on the local market top position. This process is similar in some context to the alternative two but the main difference is it will be totally a new different business strategy compare to the previous one. It will also solve different management oriented problem but those are only internationalization oriented. Actually here in the alternative three we have assume that we do not need to modify any present business strategy in Colombia rather the bank can build a new value added based business strategy with proper technological advancement and the customer satisfactions to grab the international market like Latin America. And as the bank has already its leading position in Colombia so that we do not need to modify any business plan.
Pros of alternative 03:
Grabbing more market share: By develop the alternative solution three the company
would be able to very much successful in the perfect expansion of international business. So that we can say that it is one of the most vital pro against the alternative three. Actually in logically we also can say that at this moment the international expansion of this bank is very much necessary for the growing success as it has already capture its home country capital market.
Less pressure on the regular banking operation: though BG invests a lot for
development of the technology but actually in the real life they were still suffering from this point. So if the alternative three has been taken for solving the currently facing strategy deficiency then also the technological advancement will be held automatically.
Can be alternative source of money:
If we consider the alternative three, then actually we can found the BG would be able to make perfect strategic plan for capturing the leading position capital Market in Latin America. Here we can actually say that the internationalization process in this aspect is necessary for future growing profitability of the Banco Ganadero.
Value added service will satisfy the customers: in the alternative three we have
found the value added service for satisfying the customers. Though Banco Ganadero was serious enough in better customer service but unfortunately they failed to get the full success to satisfy the customer in Colombia. But here in the third alternative solution we find value added service as one of the most important pro of this alternative.
Cons of the alternative 03:
Too much dependency on subsidiary can lead to bad result in the future:
in our third alternative solution we tried to focus short term better solution, but to solve the company’s each problem this strategy would not work effectively. That’s why it is one vital con of this alternative three. On the other hand we also can say that if we need to change or modify the strategic plan then obviously we should follow the best alternatives which can overcome almost all the problems.
Costing is a big issue: In the alternative two we find out the additional cost as one of the
most vital con of the alternative. Here again in the alternative three we have found the same point as another vital con of this alternative three. Actually the additional cost will come whether we took any alternative as the solving solution of the raised problems other than do nothing strategy.
Maintaining the subsidiaries will become a big challenge : If any company
needs to develop a new business policy then obviously they badly need to hire the expert person so that they can appropriately build the strategies which will perfectly fit with the new organization. But the total arrangement of this process is both time consuming and also required the additional funding or the annual budget of the company needs to be specified according to the necessity of the building new policy.
Though the internationalization would be successful but the strategic problem will be remain constant in the core banking business of BG in Colombia: If we going to follow the third alternative solution then may be the
internationalization will became very much successful but the problem with the core banking strategies in Colombia will not be finished, so that we can consider it as another con of the alternative three.
Alternative # 04
Focus more on the Latin-American Region: Establish totally new global
strategy with proper technological advancement and customer satisfaction to get the leading regional position in international market like Latin America as well as add additional value added services to hold on the local market top position. This process is similar in some context to the alternative two but the main difference is it will be totally a new different business strategy compare to the previous one. It will also solve different management oriented problem but those are only internationalization oriented. Actually here in the alternative three we have assume that we do not need to modify any present business strategy in Colombia rather the bank can build a new value added based business strategy with proper technological advancement and the customer satisfactions to grab the international market like Latin America. And as the bank has already its leading position in Colombia so that we do not need to modify any business plan.
Pros of alternative 04:
Knowledge about consumers: By develop the alternative solution three the company
would be able to very much successful in the perfect expansion of international business. So that we can say that it is one of the most vital pro against the alternative three. Actually in logically we also can say that at this moment the international expansion of this bank is very much necessary for the growing success as it has already capture its home country capital market.
Policy making will be easy : though BG invests a lot for development of the technology
but actually in the real life they were still suffering from this point. So if the alternative three has been taken for solving the currently facing strategy deficiency then also the technological advancement will be held automatically.
Communicating will easy compare to other expansion plans: If we consider the
alternative three, then actually we can found the BG would be able to make perfect strategic plan for capturing the leading position capital Market in Latin America. Here we can actually say that the internationalization process in this aspect is necessary for future growing profitability of the Banco Ganadero.
Value added service will satisfy the customers: in the alternative three we have
found the value added service for satisfying the customers. Though Banco Ganadero was serious enough in better customer service but unfortunately they failed to get the full success to satisfy the customer in Colombia. But here in the third alternative solution we find value added service as one of the most important pro of this alternative.
Cons of the alternative 04:
Initiation will be needing changes in policies : in our third alternative solution we
tried to focus short term better solution, but to solve the company’s each problem this strategy would not work effectively. That’s why it is one vital con of this alternative three. On the other hand we also can say that if we need to change or modify the strategic plan then obviously we should follow the best alternatives which can overcome almost all the problems.
Monetary valuation : In the alternative two we find out the additional cost as one of the
most vital con of the alternative. Here again in the alternative three we have found the same point as another vital con of this alternative three. Actually the additional cost will come whether we took any alternative as the solving solution of the raised problems other than do nothing strategy.
Human talent will be needing at its best currently BG lacks in that particular sector : If any company needs to develop a new business policy then obviously
they badly need to hire the expert person so that they can appropriately build the strategies which will perfectly fit with the new organization. But the total arrangement of this process is both time consuming and also required the additional funding or the annual budget of the company needs to be specified according to the necessity of the building new policy. If we going to follow the third alternative solution then may be the internationalization will became very much successful but the problem with the core banking strategies in Colombia will not be finished, so that we can consider it as another con of the alternative three.
Alternative # 05
Take advantage of Columbia's open market policy:
Establish totally new global strategy with proper technological advancement and customer satisfaction to get the leading regional position in international market like Latin America as well as add additional value added services to hold on the local market top position. This process is similar in some context to the alternative two but the main difference is it will be totally a new different business strategy compare to the previous one. It will also solve different management oriented problem but those are only internationalization oriented. Actually here in the alternative three we have assume that we do not need to modify any present business strategy in Colombia rather the bank can build a new value added based business strategy with proper technological advancement and the customer satisfactions to grab the international market like Latin America. And as the bank has already its leading position in Colombia so that we do not need to modify any business plan.
Pros of alternative 05:
Increase market share: By develop the alternative solution three the company would be
able to very much successful in the perfect expansion of international business. So that we can say that it is one of the most vital pro against the alternative three. Actually in logically we also can say that at this moment the international expansion of this bank is very much necessary for the growing success as it has already capture its home country capital market.
More close to the core market: though BG invests a lot for development of the
technology but actually in the real life they were still suffering from this point. So if the alternative three has been taken for solving the currently facing strategy deficiency then also the technological advancement will be held automatically.
Monetary solution: If we consider the alternative three, then actually we can found the BG
would be able to make perfect strategic plan for capturing the leading position capital Market in Latin America. Here we can actually say that the internationalization process in this aspect is necessary for future growing profitability of the Banco Ganadero.
Cons of the alternative 03:
Risk on countries economical dependency at the initial level : in our third
alternative solution we tried to focus short term better solution, but to solve the company’s each problem this strategy would not work effectively. That’s why it is one vital con of this alternative three. On the other hand we also can say that if we need to change or modify the strategic plan then obviously we should follow the best alternatives which can overcome almost all the problems.
Risk Competitors counter-move: In the alternative two we find out the additional cost
as one of the most vital con of the alternative. Here again in the alternative three we have found the same point as another vital con of this alternative three. Actually the additional cost will come whether we took any alternative as the solving solution of the raised problems other than do nothing strategy.
Companies technical & human-talent will be tested : If any company needs to
develop a new business policy then obviously they badly need to hire the expert person so that they can appropriately build the strategies which will perfectly fit with the new organization. But the total arrangement of this process is both time consuming and also required the additional funding or the annual budget of the company needs to be specified according to the necessity of the building new policy. If we going to follow the third alternative solution then may be the internationalization will became very much successful but the problem with the core banking strategies in Colombia will not be finished, so that we can consider it as another con of the alternative three.
