Summary
Implications: 1. A Narrowing of the Firm's Scope of Business activity will have a Negative Impact on the Firm's ability to aggressively BUILD SALES Strategy in Future Markets. 2. There will be no Acceleration of Prospective Sales in the near future. 3.The most salient purpose of this Strategy is to Repay a hugh Government Bailout. A small value-added business decision : if the marketplace revives and products have to be sold to meet consumption demands. 4.Other "Strategic" Options must , now. be explored . It is a question of "Timing" not Product Line Enhancement. 5. All business criteria points to a "Buyers Market".It is not a favorable business environment!
Analysis
Commentary:
1.A major objective: (A) Reduce business activities in the UKraine, (B) Review Insurance activities in China, (C) Strengthen activities in Poland,
Romania and Turkey.
2.Management envisions Global Investment Management area of activity as a major focus.
3.A Conflict does remain: develop a strategy to resolve the current crisis : while positioning the Institution to survive after the Insurance/Banking crisis.
4.Divestiture of non-core activities has become a viable business strategy.
5.Growth Strategy - Increase on-line savings bank operations and maintain IND Direct Operations in the United States and Germany.
