These regional and super-regional 'have-nots' are challenged to differentiate themselves
New York (PRWEB) December 12, 2007
Mergercast by Booz & Company has released Episode 13 -- Banking's Haves and Have-Nots.
In this episode, Paul Hyde, a vice president in Booz & Company's financial services group, discusses what he calls the 'have-not' banks, which have resulted from nearly two decades of banking industry mergers. He describes their characteristics, what sets them apart from their more successful counterparts, and what strategies they should follow to survive in an environment of continued consolidation.
"These regional and super-regional 'have-nots' are challenged to differentiate themselves," said Hyde. "They must each build new business models that clearly define their value propositions for customers, and their individual rights-to-win in the marketplace.
"Looking ahead, I think we'll see continued consolidation on a national level -- particularly among the 'have-nots' that fail to find the unique niches that will allow them to compete."
Mergercast by Booz & Company is a podcast exploring the world of mergers, acquisitions and restructurings. Episode 13 has a runtime of 15 minutes and 40 seconds, and can be accessed at http://www.booz.com/mergercast. Listeners can play the podcast on its homepage or subscribe via RSS feed, e-mail or the iTunes store.
About Booz & Company:
Booz & Company is a leading global management consulting firm, helping the world's top businesses, governments, and organizations.
Our founder, Edwin Booz, defined the profession when he established the first management consulting firm in 1914.
Today, with more than 3,300 people in 57 offices around the world, we bring foresight and knowledge, deep functional expertise, and a practical approach to building capabilities and delivering real impact. We work closely with our clients to create and deliver essential advantage.
For our management magazine strategy+business, visit http://www.strategy-business.com.
Visit http://www.booz.com to learn more about Booz & Company.