A recent disruptive change (Slow Digitalization) impacts upon Wespac Banking Corporation Australia's strategies

Based on the strategy identified (see reference 1), discuss "opportunity costs" about what you're giving up in adopting the strategy you're taking on. (For example, a strategy might require cost-cutting, or it might require increased (debt) leverage which creates risks)

Reference 1:

Analysis from tutor ID: macalaladarjay36

Westpac's "slow digitalization" is a systemic challenge rooted in legacy resources and organizational inertia. As seen in its current approach, the mere capital expense ($3 billion) is insufficient without a fundamental shift in strategy. By building a cloud-native, data-centric foundation, embracing agile methodologies, and strategically integrating with the FinTech ecosystem, Westpac can rapidly enhance its digital capabilities, restore its competitive advantage, and ensure its long-term profitability and market leadership in Australia's dynamic banking sector. This holistic and agile approach demonstrates the ability of faster innovation, better customer experiences, and more efficient value capture than a traditional, internally focused digital investment model.

Reference 2

Grant, R (2021). Contemporary Strategy Analysis. Grant, Robert M., 11th ed., Chichester :, John Wiley & Sons Incorporated, 2021