Competition and Choice in Retail Banking - Outline Example

1. ii) Managers decide what field to assign to which employee.

                   iii) Teams should be formed by supervisors and managers to ensure that employees speak out about their problems. Managers and employees should have dialogues regularly to maintain a bond between the employees and managers.

1. Support for Innovation;
2. Innovations from employees need to be supported because it is through their creative ideas and innovations that the business grows to become successful (Thomson and Charles, 2010, 232).
3. High Integrity Workplace;
4. Honesty and ethical behavior should be among business policies. Trust is an important factor in the development and success of Santander UK.
5. High levels of integrity in the business mean that economic implications are catered to; by both the customers and employees (Daft, Kendrick, & Vershinina, 2010, 610).
6. Effective Systems and Processes;
7. Such are tools, data, and the organization of the business. Paying attention to the four main elements, which are; organization, data, process, and tools for business leads to a successful business empire in Britain (Dubin, 2004, 18).
8. The tools being used by the business, such as computers and other recording systems need to be manageable. Ignoring business systems leads to loss of data, increased expenses, lack of customer satisfaction, and security breaches. The system should be secure, efficient, and cost-effective.
9. The high degree of adaptability;
10. The business needs to be adaptable to the changing times, which include changing technology and needs (Great Britain, 2012, 48).

1. CONCLUSION;

            Using some of the objectives stated above, Santander UK can develop and turn out to be a thriving bank in Britain (Competition and Choice in Retail Banking, 2011, 259).