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:

Full-service Restaurant Meals

Meals offered in restaurants where the service includes several courses served to the customer’s table, involving a higher level of service compared to fast-food or self-service establishments.

Dollar Contribution

Dollar contribution represents the amount of money contributed to a project, cause, or investment, often used to measure financial support or impact.

Electronic Transmittal

The digital sending of documents or information from one computer or electronic device to another.

Three-dimensional Data

Information represented in a format that includes depth, in addition to height and width, often used for modeling and analysis.