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ABC is an online bank which has just reported substantial trading losses. It has received advice from a leading business consultancy that it should implement the following two strategies:
1. Take advantage of its reputation and brand image by entering a new industry.
2. Update all its networks to fifth generation (5G) as soon as possible. Which TWO of the following strategies has ABC been advised to implement?
Suggested Answer: D, F
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27 comments · newest first
DO
Douglass
11 months ago
5G upgrade? Is that really necessary right now?
TH
Therese
11 months ago
Totally agree, they should leverage their brand!
LE
Lea
11 months ago
Wait, entering a new industry? That seems risky!
LO
Lourdes
12 months ago
Definitely a foundational strategy too.
JU
Julene
12 months ago
Sounds like a corporate strategy to me!
VA
Vannessa
1 year ago
I feel like both strategies are about long-term growth, so maybe they lean towards sustainable or corporate strategies?
AD
Adrianna
1 year ago
The idea of updating networks to 5G seems more like a functional strategy, but I’m not confident about the other one.
AH
Ahmad
1 year ago
I remember discussing foundational strategies in class, but I feel like the focus here is more on corporate and consumer strategies.
VI
Vicky
1 year ago
I think the first strategy about entering a new industry could relate to corporate strategy, but I'm not entirely sure.
WI
Wilford
1 year ago
I'm not totally sure about this one. There are a lot of different types of strategies listed, and I'm not confident I can distinguish between them all. I'll just make my best guess and move on.
CA
Catarina
1 year ago
Okay, let's see. The first strategy is about entering a new industry, which sounds like a corporate strategy. And the second one is about updating the network, which seems more like a functional or operational strategy. I'll go with those two.
AR
Aracelis
1 year ago
Hmm, I'm a bit confused. The question mentions "taking advantage of its reputation and brand image" and "updating its networks to 5G", but none of the options seem to directly match those. I'll have to think this through carefully.
AI
Ailene
1 year ago
This seems pretty straightforward. The question is asking which two strategies ABC has been advised to implement, and the options are all different types of strategies. I think I can figure this out.
MI
Micaela
2 years ago
I think ABC should consider both consumer strategy and corporate strategy to improve their position in the market.
IV
Ivory
2 years ago
I disagree, I believe ABC should focus on corporate strategy and sustainable strategy.
ME
Merilyn
2 years ago
This is a classic case of 'pay us and we'll tell you what you already know'. D and F are clearly the strategies ABC has been advised to implement.
AL
Alyce
2 years ago
It's all about leveraging their reputation and updating their networks.
JA
Jacquelyne
2 years ago
I agree, those seem like the most logical choices.
XE
Xenia
2 years ago
I think D and F are the strategies ABC should implement.
BR
Brynn
2 years ago
Haha, I bet the consultants charged a fortune for that 'groundbreaking' advice! But yeah, D) Corporate strategy and F) Functional or operational strategy are the right answers here.
CH
Cheryl
2 years ago
The options look a bit confusing, but I'd go with D) Corporate strategy and F) Functional or operational strategy. Entering a new industry and updating the network seem like high-level strategic decisions.
AR
Ardella
2 years ago
I think the answer is D) Corporate strategy and F) Functional or operational strategy. ABC is advised to implement a new corporate strategy by entering a new industry, and a functional/operational strategy by updating its networks to 5G.
BR
Brice
2 years ago
It's important for ABC to stay competitive in the market.
HA
Haley
2 years ago
And updating to 5G networks will improve their operational efficiency.
XO
Xochitl
2 years ago
That makes sense, ABC can leverage its reputation to enter a new industry.
AR
Arlyne
2 years ago
I think the answer is D) Corporate strategy and F) Functional or operational strategy.
BE
Benton
2 years ago
I think ABC should go with consumer strategy and functional strategy.