Feb 08 2012 |
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BankDhofar to develop strategy with BCG
BankDhofar has partnered with Boston Consulting Group (BCG), a management consulting firm, to develop its strategy for the future. The bank's current Five-Year Strategic Plan, which started in 2008, is due to finish this year, and has resulted in BankDhofar reaching the top of the banking sector, winning several prestigious awards and being named the 'Best Bank' in Oman. The bank is now preparing for further business growth and sustainability which will be implemented through its Strategic Plan for 2013-2018.Tony Mahoney, CEO of BankDhofar, said: "It is now time for us to look at our next strategy and we are extremely excited to have partnered with BCG to develop the process. We have in the past four years worked through a strategy plan which was based on growth and sustainability".
He added, "Now as we look to the future we are ready to develop and implement our new strategic plan 2013 -2018 which will give us a fresh perspective and direction. The strategic plan will cover major business units including retail banking and wholesale banking. It will focus on profitable growth, while improving service, quality and operations of the bank overall". The Boston Consulting Group (BCG) partners with clients in all sectors to identify their highest-value opportunities, address their most critical challenges and transform their businesses.
© Oman Daily Observer 2012
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