What are the various alternative strategies

Assignment Help Macroeconomics

Reference no: EM133504581

Case study:

In April 2018, the Standard Bank Group, which is one of the four biggest banks in South Africa and has a presence in 20 sub-Saharan African countries, cemented its re-entry into Côte d'Ivoire by opening the first branch of Stanbic (the name under which it traded in certain African countries) in Abidjan, the country's economic capital. The bank had operated a representative office in the country between 2001 and 2003, but had exited at the start of the civil war. After Alassane Ouattara ousted Laurent Gbagbo in 2011, peace was restored, governance started to improve and the country started to show an unprecedented economic growth of 9% a year. Thus, when some of its commercial clients asked Standard Bank to open a branch in the West African region, it decided to re-enter Côte d'Ivoire with a view on offering full-service commercial and consumer banking over time. The Standard Bank Group traces its history back to 1863 when The Standard Bank of British South Africa Limited opened its doors in Port Elizabeth. The group focusses its growth strategy on Africa, illustrating this with the slogan: "Africa is our home. We drive her growth." Sola David-Borha, the Standard Bank group's CEO for the Africa Region believes that the bank's success in Africa is due to the fact that its model revolves around its clients, and because the bank clearly understands the challenges and limitations of each country (Masilela, 2018). She took up the position in January 2017 (Financial Nigeria, 2017). Since then, her goal has been to ensure that the Standard Bank Group becomes a major financial institution in Côte d'Ivoire. After its civil war and its return to political stability in 2012, the country showed unprecedented economic growth. Côte d'Ivoire was viewed as a "champion" in West Africa where the economic climate was morose. With an average economic growth rate of 9% per year, the latest World Bank economic update on Côte d'Ivoire noted that a more effective and inclusive financial system would facilitate business development and improve the living conditions of the Ivorian people (World Bank, 2016). Thus, a number of questions were on David-Borha's mind when Standard Bank first considered re-entering Côte d'Ivoire: with Côte d'Ivoire's history of civil war and a banking sector that had let down its population, would Standard Bank be able to offer financial services that could meet the needs of the Ivorian people? Additionally, how could Stanbic expand into personal and business banking (PBB), and was rapid expansion into PBB the right decision?

Question 1: Why did SB select Côte d'Ivoire?

Question 2. What are the various alternative strategies that help firms create a sustainable competitive advantage?

Question 3. What are the five main choices of entry mode that are available to organizations when considering entry into a foreign market?

Question 4. Define and explain these entry vehicles and suggest what you consider the best mode available to Standard Bank?

Question 5. Explain how Standard Bank can offer or phase-in its financial products' offerings, such as Corporate and investment Banking (CIP), Personal and Business Banking (PBB), etc. in Côte d'Ivoire?

Reference no: EM133504581

Questions Cloud

Evaluate naturally occurring sources of environmental risk : Explain why this naturally occurring risk is important enough. Evaluate naturally occurring sources of environmental risk for their impact on human populations.

What is required to formand llc : What is required to formand LLC? What should they provide in their operating agreement? If they fail to include some importantoperating details

Description of the selected alternative strategies : Need a graph of a Product-positioning map with strategic implications for Apple, Inc 2023 and with a detailed description of the selected alternative strategies

How might you or people you know be affected by the results : How might you or people you know be affected by the results of that study? What might you have done differently if you had conducted the study?

What are the various alternative strategies : What are the various alternative strategies that help firms create a sustainable competitive advantage

Describe their developing confidence and responsibility : Describe their developing confidence and responsibility for their health, their right to choose health professionals and health assessments

Provide the economic outlook of the country chad : Provide the economic outlook of the Country Chad and Provide the fast and slow growing sectors in Chad

What is your overall impression of love them first : What is your overall impression of love them first? Please provide at least three specific examples from the movie that support your impression.

Words of affirmation and quality time-gifts : The main love languages this week are Words of Affirmation, Quality Time, Gifts, Acts of Service, and Physical Touch.

User Account

All Pages