Question

What are the conditions that support or detract from Bank OZK selective strategy? What approach should Bank OZK utilize to implement their new strategy related to the problem/opportunity (Essentials of Strategic Management chapter 6)? Identify the offensive and defensive strategies Bank OZK should utilize in the implementation. What horizontal mergers, vertical integration and strategic alliance strategies will Bank OZK employ in the implementation? What are the opportunities and challenges associated with these strategies? How is Bank OZK strategy differ for international markets and what unique approaches will the organization need to take to consider in terms of the implementation plan?

Answer 1

Selective strategy works well if a company has a brand Image and customers are well aware of the quality of service provided If Bank ozk opts for selective strategy ise, munimum marging, ceiling on amount of credit for certain purposes, could decrease the market and would be a opportunity to competitor . Selective approach would decrease the amount of risk but leads to a narrow market. So a proper balance beboren selechive and Iakensive strategies would be prefered. offensive strategy is directly fargeting competitors and capture the market share. Where the defensive strategy is defending the position and wing simple strategics not to capture the market share but to retain the existing customers. Defensive strategy docist Work in longous, so opting offlosive strategy as long term strategy and defensive as a shorterm strategy would be a better choice. Most of the books / Financial Institutions are opting for vertical Itegration where the Institutions make the financial products and also sells them. The horizontal integration is a merger or aquisition of similar organisation. Bothe the gåtegaation can be opted as per the opportunities. But vertical Integration must be choosen. International market is region where company conducts business outside the teritorial boundaries. But the oJk bank has not stepped in to the boundaries outside its teritories By widening the market, a Integrations, (ittarizontal severtical) Intensive strategies would help otk bank to be a International Bank.