Transformation in Financial Services: How to Beat Team Ferrari

Many financial services providers today find themselves in the position of Formula One teams, trying desperately to catch the "Ferraris" of their markets. To succeed, these institutions must confront their malaises and explore a holistic transformation-or large-scale makeover-of the way they do business. Although every transformation is unique in its own way, there are three imperatives that are critical to success: believe in the need for fundamental change, develop a bold agenda, and instill a winner's culture.