When ATMs First Came Out, They Provided a Significant Competitive

question 24

Essay

When ATMs first came out, they provided a significant competitive advantage because they helped banks to differentiate themselves from others. Today, almost all banks provide access to these, so it is considered to be a standard service. How could you reengineer a bank's ATM system in order to gain competitive advantage today?

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Definitions:

Motivating Soldiers

The process of inspiring and encouraging military personnel to fulfill their duties with determination and commitment.

Loyalty

A strong feeling of support or allegiance towards someone or something, often reflected through consistent support or faithfulness.

Boundaries Separating Groups

Social, cultural, or physical demarcations that distinguish and isolate different communities, classes, or ethnic groups within a society.

Athletic Ability

The physical skills and capabilities that enable an individual to perform well in sports or physical activities.