Cedar on Banking
Cedar on Banking provides strategic perspectives on the business of banking in a changing global environment. The channel covers operating models, regulatory dynamics, risk, growth strategies, and transformation initiatives across retail, corporate, and wholesale banking. Each episode offers practical insights to help banks strengthen performance, adapt to disruption, and sustain long-term value.
Cedar on Banking
10 essentials for a successful cost reduction and process improvement program
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
Business Process Re-engineering (BPR) is the only approach that can deliver rapid, dramatic, and lasting performance improvements, but success depends on strategic execution. Effective BPR starts with a holistic, customer-backward view of the enterprise, focusing on value rather than isolated departmental fixes. Organizations must target “addressable” costs, eliminate low-impact processes, prioritize high-value changes, and address root causes instead of symptoms. Breaking processes into granular steps, validating assumptions with data, and balancing impact against implementation effort are critical. Change must be sequenced carefully, avoiding excessive simultaneous disruption and over-reliance on technology that automates flawed processes. Success also hinges on strong ownership through participative change management to overcome resistance and sustain improvements. Finally, redesigned processes must be continuously reviewed and adapted to changing business contexts. BPR is not a one-time fix, but an ongoing discipline to remain competitive in a dynamic marketplace.