Management Information Systems: Managing The Digital Firm (16th Edition)
Management Information Systems: Managing The Digital Firm (16th Edition)
16th Edition
ISBN: 9780135191798
Author: Kenneth C. Laudon, Jane P. Laudon
Publisher: PEARSON
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Question
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Chapter 1, Problem 13CSQ
Program Plan Intro

Deutsche Bank:

  • Deutsche Bank AG was founded in 1870, it has 2,425 branches worldwide.
  • Deutsche offers different type of financial products and services, such as retail and commercial banking, foreign exchange, and services for mergers and acquisitions and so on.
  • Deutsche bank is one the world’s top financial companies and largest bank in Germany.
  • Deutsche bank also plays a major role in German economy.
  • Deutsche bank has a derivatives worth $64 trillion, the value of derivatives is the world’s largest portfolio.
  • The contract is used to derive its value from the performance of underlying entity is referred as derivatives.

Explanation of Solution

Relation of IT to the bank operational efficiency, decision making, and business strategy:

  • Operational efficiency:
    • The IT impact on reducing the costs by 800 million euros which includes eliminating 6,000 contractors which leads to the savings of 1 billion euros...

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