bank one-profitless pc
TRANSCRIPT
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BANK ONE“The Uncommon Partnership”
Akshay Pandey 2014003Ankur Mukherjee 2014007Nikita Bindal 2014bhand
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NAME CHANGE OVER THE YEARS
Sessions and Company to
The City national & trust company bank (1900)To
First Bank Group of OhioTo
Bank One (1968)
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WHY
▪ City word didn’t make much sense after these acquisitions
▪ According to the survey conducted the name Bank One emerged as the clear winner
▪ Acquisition targeted outside Ohio
▪ Ohio banking law
▪ Customer focussed
▪ The goal was to move to a common identity for all the banks and lines of businesses affiliated with the Bank One Corp
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HOW• Innovations
• Implemented aggressive advertising campaigns
• Experiential branding
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WHY THE NEXT CHANGE
• Growth
• Become ‘the leader’
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“THE UNCOMMON PARTNERSHIP”
• John B. McCoy hired John Fisher
• Successful in educating both banks and customers
• Differentiated themselves from other traditional banks
• Acquire well-run institutions in attractive markets
• Too many companies in one basket
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A BRAND TOOLKIT
• Set of guidelines for brand identity and positioning
• Ideal for communicating values, personality and history
• Keeps employees updated with current strategies
• Uniform external communication and service
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HOW IMPORTANT IS BRAND BUILDING
• Usage vs Experience
• Tangible vs Emotional
• Switching
• Familiarity
• Customer Knowledge
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Thank You