Banking · Branch Management and Strategy
What is the most effective approach to setting goals for individual branches in a bank network? Statement 1: Set uniform growth targets for all branches to ensure fairness and consistency. Statement 2: Establish unique goals for each branch based on customer acquisition, retention, and cross-selling strategies specific to its service area. Statement 3: Set goals based solely on financial performance, ignoring service area differences.
- 1Statement 3 is the correct approach
- 2Only Statement 1 is true
- 3Statement 2 is the only correct option✓
- 4Statement 1 and Statement 2 are both correct
Correct answer
Statement 2 is the only correct option
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