There are no guarantees or crystal ball allowing banks to predict what 2019 will bring them. However, through the use of scenario planning, learning from like-minded industries who have overcome similar challenges in addition to a strong company culture, banks can embrace the twist and turns in business easily while ensuring the organization remains resilient.
As executives plan for what to expect, there are three tools providing greater visibility to how to explore potential opportunities:
- Scenario planning
- Unrelated industry learning
- Culture fact check