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How to Transform a Traditional Giant into a Digital One

Harvard Business Review

The result is the reconstitution or destruction of industries, creation of new market spaces, and reshaping of old industry ecosystems. ” Immelt elevated marketing and digital media when he promoted Beth Comstock to vice chair, while other positions, including that of the CFO, are at the senior vice president level. Cut layers.

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Excess Management Is Costing the U.S. $3 Trillion Per Year

Harvard Business Review

Each branch makes its own loan decisions, sets its own pricing on loans and deposits, controls its own marketing budget, runs its own website (on a shared platform), and serves all customer segments — from individuals to multinationals — within its catchment area. Operating decisions are almost entirely decentralized.

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