Enhancing the Competitive Strategy Bank Muscat SAOG Assignment

Enhancing the Competitive Strategy Bank Muscat SAOG - Assignment ExampleThis service should come hand in hand with liaising with other companies much(prenominal) as the utility companies to ensure that their bills can be paid through the bank for the customers in the bank. This will consequently increase the number of customers and withal increase the revenues pile up since the customers will be transacting at a fee.The bank is looking at going global in arrange to have the muscle and the ability to labour off any frugal downturns that may face the demesne in the long-run. The markets in the country are volatile meaning that the bank is located in an economy that may change making it unstable. Backing the banks capital base and ensuring that the country cannot be worst hit by the economic or political downturns in the country can only be changed by increasing the number of branches outside the country (Bank Muscat, 2014). The bank therefore inevitably to assess the markets an d spot the growing markets in order to establish branches in countries that have the best returns. The branches can be located in the neighboring countries such as Pakistan and India that are not too far away and in the process control the banking sector in the region through increasing their branches in the region further (Jeffreys, 2012). Targeting premier customer in the developed and developing countries such as Malaysia, China and Brazil where there is available markets for the service is also critical. The Bank should ensure that it does not back its assets in only a single area but back the assets through a stream of countries from tout ensemble over the world and as a result gain the required capital base from abroad that cannot be affected by the Oman economy (Claessens and Van, 2007). The country may also consider merging with banks in the different countries that they wish to invest and ensure that the banks have a good reputation in order to ensure that the citizens of the countries believe in the bank. This is