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Lean Banking

ByAde Asefeso MCIPS MBA

In response to the recent economy’s woes, banks have placed a growing premium on reducing costs and improving operational efficiencies and many banks have turned to lean programs as a useful tool. Most of these banks will find themselves disappointed, however, because few lean initiatives, in our experience, deliver the expected results. The near and longer-term impact on costs proves to be far less than expected, and any gains in efficiency prove to be either temporary or too limited in scope to make a real difference. There is no fundamental, lasting change in the way the bank conducts its operations and hence little impact on long-term performance. The problem is not with lean itself, however. Indeed, we believe that lean has much to offer banks. The problem lies in the approach and implementation.

Details

Publication Date
Nov 11, 2014
Language
English
ISBN
9781326077570
Category
Business & Economics
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Ade Asefeso MCIPS MBA

Specifications

Format
EPUB

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