Digital Thought : A Strategic Imperative for Banks Operating in a VUCA World

Authors

  • Shantanu Kumar  Professor & Head- Department of Management Studies, New Horizon College of Engineering, Bengaluru- 560 103
  • Dr. Sheelan Misra  

Keywords:

Digital Thought, Bank Operation?

Abstract

Banks competing in the VUCA world base their strategic planning on competition, regulations and macro-economic indicators, in general. Strategic mandates arising out these segments are often implemented using technology initiatives. Beyond the conventional IT efforts, the realm of digital thought requires strategic attention. This is necessitated by the pervasiveness of digital ways of doing business and the flexibility and agility that they offer. It is no longer a matter of choice but more of an imperative for survival. The work explores the focal points covered by strategic planning process and brings out the dependence on digital paradigm for implementation. Incorporation of Digital Thought in the strategic planning process is proposed as a solution to cover the gap.

References

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IInternational Journal of Scientific Research in Computer Science, Engineering and Information Technology

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Published

2019-12-30

Issue

Volume 4, Issue 9, November-December-2019

Section

Research Articles

License

Copyright (c) IJSRCSEIT

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Shantanu Kumar, Dr. Sheelan Misra, " Digital Thought : A Strategic Imperative for Banks Operating in a VUCA World" International Journal of Scientific Research in Computer Science, Engineering and Information Technology(IJSRCSEIT), ISSN : 2456-3307, Volume 4, Issue 9, pp.765-770, November-December-2019.