GUARANTEE TRUST BANK

Guarantee Trust Bank - Nigeria

Guarantee Trust Bank - Nigeria

Introduction

With growing intense competition of the business activities and markets, various industries tend to settle in all of the new approaches as well as business models in order to transform the applications of current business to become able in functioning more competently along with attaining specific objectives of corporate. In today's environment of business, having a competitive and efficient business strategy and business model is very essential and has got importance in performance to the industry. This success and efficiency of work can only become achievable at different approaches. It is rightly said that it has been a common principle of every organization which basically intends in working efficiently to become successful, where as the others are able in achieving the goals more swiftly. Few of them may have acknowledged a secret approach in order to compete with their rivals. It is then said that these notions, are considerably the major source of these organizations to become more successful among the other rivalries.

Because of the environmental changes there are various models along with the market researchers who are able to evaluate the strategic models for all of the industries that are adapted by some of the organizations. The business system and models includes various considerations of the strategic management approaches. There also lie many scholars who believe that these aspects of business strategies are important for every environment of business. However the analysis of this report is based on assessing and evaluating the strategic model for Guarantee Trust Bank Nigeria.

It is beyond doubts that rivalry within the market is obvious demanding and inflexible. To be able to compete with other organizations efficiently and successfully, however those organizations should know the utilization of the strategic management methods of business. Consequently, different business methods are in guidance to the banking industries in relevance to the opportunities along with the challenges of the contingent environment of business. These business methods and approaches as well as the methods of management of each of the banking industry are accountable for their sustainability and they also retain their strengths and survivals for the firms. The responsibility of the management system initiates in any industry when it became able to attain the business goals of the firms. Mainly, the core objectives of the strategic report is conducting of the strategic analysis of organization, particularly, the banking industry. The environment of the Guarantee Trust Bank of Nigeria needs to grow speedily for its survival as there is already a dramatic change in the environment. Perhaps the bank is doubling-up and tripling its potential size in the coming years. The bank has ruled out its mergers in near future therefore the only way forwards is of organic growth. However, there lie an insufficient growth to the existing commercial niche, this has made a clear decision for GT- Bank that the growth pathway for bank is the emergence of retail banking sector in ...