Scope and Objectives: In 2016 Thailand’s Siam Commercial Bank (SCB) embarked on a major digital business transformation journey in response to intensifying competition
Scope and Objectives:
In 2016 Thailand’s Siam Commercial Bank (SCB) embarked on a major digital business transformation journey in response to intensifying competition and deregulation. Seeing its traditional strengths turn into liabilities, SCB formulated a radical transformation plan, which included “Going Upside Down” to reduce costs, enter high-margin lending segments, embrace data analytics and switch its business model to become a platform.
SCB partnered with IMD to develop an integrated L&D offering that engaged every layer across the bank’s structure – from the back office right up to the C-suite – for a total target audience of 5,000 people.
Two years in, and with more than 750 managers having participated in learning modules, the partnership had already allowed SCB to meet its strategic goals of disrupting itself, internalizing the logic of digital business, and redefining its business model. It has cut across the company’s structure and connected its layers. In the process, SCB has developed new knowledge and a culture of learning, coaching and mentoring that will continue to benefit the organization well into the future.
Siam Commercial Bank (SCB) & IMD were granted the Gold Award in the EFMD Excellence in Practice Award 2019 in the ‘Organisational Development’ category.
In this session, they will be sharing their success stories and interesting challenges they came across.
Following reading is recommended prior to the webinar: Global Focus article
This webinar is dedicated to learning professionals from both companies and L&D providers (Business Schools, Executive Education Centers / Consultancies).
Attendance is free but requires registration in advance.
This EFMD webinar will be run using Zoom.
For Zoom to work best we recommend you have the latest version Zoom Client for Meetings downloaded.
If not familiar with Zoom, please make sure you connect 15 minutes prior to the session. You can test the tool via this weblink.
Senior Advisor, Corporate Services, EFMD
Khun Darakorn Pipatanakul
Senior Vice-President, Future Leader Development, SCB Academy (Thailand)
Mikolaj Jan Piskorski
Professor of Strategy and Innovation, IMD (Switzerland)
EiP Gold Award 2019
(Thursday) 13:00 - 14:00 CET