Essays24.com - Term Papers and Free Essays
Search

Bendigo Bank Case Study

Essay by   •  May 17, 2011  •  2,813 Words (12 Pages)  •  1,906 Views

Essay Preview: Bendigo Bank Case Study

Report this essay
Page 1 of 12

Case Study

The Business Of Thinking

Industry: Financial Services

Project: Improving customer service and sales effectiveness and building a culture that

promotes diversity

Contributed by: Matthew Galik, Director of Sales and Marketing, Herrmann International

Asia; and Andrew Stagg, Manager, Learning & Development, Bendigo Bank

About Bendigo Bank

Bendigo Bank is a regional Australian bank, operating primarily in Victoria, Queensland,

and New South Wales. With over 200 bank branches and approximately 2,200 employees,

Bendigo Bank has differentiated itself in Australia's financial services marketplace as an

innovative service provider -- both at the customer/bank branch level, and organisationally

through its Community Bank program -- which has provided local banking to remote

Australian communities not serviced by Australia's 'Big Four' banks.

A truly values-driven organisation, Bendigo Bank's motto is:

'Successful communities and successful customers create a

successful bank'. The bank's focus on communities and

exceptional customer service has made it one of Australia's most

respected (and, though perhaps strange for a bank, well-loved)

organisations.

The esteem in which Bendigo Bank is held has also translated into

high customer satisfaction ratings and organic growth in deposits

and accounts (two immediate measures that are impacted by

customer service) that far surpass industry standards.

Objectives

♦ To build competitive advantage through a strong focus on customers and customer

service.

♦ To reinforce a long-standing company culture that supports communities and creates a

fulfilling workplace for employees through understanding and supporting diversity.

Desired business outcomes

To drive organic growth in the bank (customer numbers, deposits, and ultimately profitability

and EPS) by differentiating the bank from others in the industry on the basis of a uniquely

satisfying customer service experience.

Key customer contact(s)

Andrew Stagg, Manager - Learning and Development

Case Study

The Business Of Thinking

Project duration

To date: Five years.

Program continues to be rolled out to all employees (as of March, 2004) and is expected to

continue indefinitely.

Client history

Bendigo Bank began as a permanent building society in Bendigo -- a

centre of early and significant gold discovery -- during Australia's

'gold rush' era (circa 1850).

The rapid influx of thousands of people, from all over Australia and

around the world, created a community in and around Bendigo that,

largely, lived in tents and makeshift shanties. Before long, however, the town leaders of

Bendigo saw a need to help people move into more permanent accommodation. It was this

need that spawned the Bendigo Permanent Land and Building Society.

The concept was simple. The building society would collect contributions from everyone in

the community. Once enough money was collected to erect a building, a drawing would be

held, and whoever's name was drawn would receive the money to erect a permanent

building. Everyone continued to contribute, even those who already had a building, and this

continued until everybody in the community had been moved into some sort of permanent

building. Some of those buildings are still standing in the town of Bendigo today.

The building society always had the philosophy that it wasn't just about making money, but

about helping communities. That's why all the society's members continued to contribute,

even after everyone in the community was living in a permanent building. All the left over

money was invested in the community and soon, the building society also became a

profitable supplier to its members.

Throughout the 1900s, the company remained a permanent building society, expanding

from one or two small branches in Bendigo to additional locations in surrounding townships.

It eventually became the largest permanent building society in Victoria.

Faced with mounting government regulations governing building societies, the Bendigo

Permanent Land and Building Society became Bendigo Bank in 1995.

Existing client conditions

In 1998, when it embarked on its first formal training programs, Bendigo Bank had about

70 branches and 900 employees. By the end of 2003, both those numbers had tripled.

The challenge was to create an operation that would

...

...

Download as:   txt (19.5 Kb)   pdf (184.9 Kb)   docx (19 Kb)  
Continue for 11 more pages »
Only available on Essays24.com