Question: based on the information below ,show how banking industry can implement the leadership framework of ABEF.In the dynamic landscape of today's globalised economy, businesses across
based on the information below ,show how banking industry can implement the leadership framework of ABEF."In the dynamic landscape of today's globalised economy, businesses across various sectors face a myriad of challenges as they strive to achieve excellence in their operations to remain competitive and sustainable. This is evident in the Australian banking industry, which grapples with multifaceted challenges, including operational inefficiency, ever-changing customer demands and preferences, leadership challenges, regulatory compliance, talent acquisition and retention, and risk management (PWC, 2019). In the face of these challenges, organisations seek robust frameworks to guide them toward success. One such framework gaining prominence is the Australian Business Excellence Framework (ABEF), designed to drive organisations towards business excellence through continuous improvement, innovation, and sustainability. ABEF provides a structured approach to organisational excellence, drawing upon principles such as leadership, customer and market focus, strategy and planning, process management, improvement and innovation, people and information, and knowledge. It emphasises the importance of holistic performance management and stakeholder value creation as per the research (Grigg
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