Situation
A leading strategy consultancy had provided a high-level strategy to a bank. A division of the bank (specific product area) was grappling with “what does this mean for them?” and concrete next steps to implement the strategy.
Actions
- Assess the overall high-level strategy for the bank
- Understand product dynamics
- Align product strategy with the overall bank’s strategy and provide a high-level implementation plan
Benefits
- The bank’s division became more aligned with the overall bank’s strategy
- They also obtained specific actions along with a mobilization plan to implement the strategy and bring their product division in-line with bank’s strategy
