Journal of International Conference Proceedings
Vol 4, No 3 (2021): 2021 WIMAYA International Conference of Economics and Business

Applying Scenario Planning in the Future of Bank Oranye Priority Banking Services

Ratna Satutikirono (School of Business and Management, Institut Teknologi Bandung)
Yos Sunitiyoso (School of Business and Management, Institut Teknologi Bandung)



Article Info

Publish Date
14 Dec 2021

Abstract

Bank Oranye is engaged in the provision of priority banking services and becomes one of the leading Indonesia’s state-owned enterprises that provides global wealth management. Apparently, Bank Oranye faced an intense competition with several players in priority banking service (which gradually provides complete wealth management products and/or services and able to go digitalize) and compete with investment products substitute offered by Fintech. This research intends to uncover the possibilities by analyzing the driving forces that could affect the priority banking business. The end result is to develop the scenarios and the formulation of implications and options. The scenario planning is developed based on external analysis (using PESTEL model and Porter 5 Forces) and internal analysis (VRIO analysis and Business Model Canvas). The critical uncertainties are determined by conducting in-depth interviews with company’s experts and literature study. The two critical uncertainties that will affect priority banking business of Bank Oranye in the next 5 years are: Technology Development and Adoption in the core banking system (including the adoption among priority customers) and Government Policy and Regulations. These two critical uncertainties will shape the way Bank Oranye performs with its vision to becomes one stop financial solutions for its customers.

Copyrights © 2021






Journal Info

Abbrev

JICP

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media

Description

JICP is proceedings series that aims to publish proceedings from conferences, in the fields of economics, business, and management research. All proceedings in this website are open access, which means the published articles are permanently free to read, download, copy, and distribute. The online ...