Westpac exective summary Essay Example | Topics and Well Written Essays - 250 words

Westpac exective summary - Essay ExampleWestpac has been able to focus its sustainability strategy on five key areas. Focusing on these areas has enhanced the corporations ability to remain amongst the top-rated sustainable organizations in the world. Conversely, the corporations strategy in financially positioning itself aims at a long-run strategy that incorporates a measurement criterion based on its capabilities and prospective trends that may influence the wider economy. development this strategy, Westpac has maintained profitability despite high levels of operating costs.As a way of recognizing the important aim played by infixed capabilities, Westpac recognizes the importance of customers and employee satisfaction since these two strengthen an organizations internal systems. Conversely, the corporation recognizes the role the external environment played on its profitability. Hence, Westpac was able to implement strategies that ensured profitability sequence minimizing ris ks during the global financial risks. In effect, Westpac implemented a strategy that led to a merger with St. George Bank, which increase revenues, profits, and dividends to its shareholders.Overall, Westpac should ensure that it utilized its internal capabilities and resources while understanding the value chain context in coif to maintain its position as a leader in the banking