RNS Number : 8731K
TBC Bank Group PLC
02 September 2019
TBC Bank Management Completed Customized Strategic Session at Stanford Graduate School of
TBC Bank Group PLC is delighted to announce that its top management and selected members of
middle management team comprising of around 30 people completed a custom-designed strategic
session at Stanford University Graduate School of Business (GSB), ahead of the Bank's annual
Stanford Executive Education, a unit within Stanford GSB, designed the exclusive strategic
session specifically around TBC's long-term priorities with a focus on ecosystems, agile transformation
and change management.
The program lasted for one week and was comprised of the following courses:
-- Innovation as a process
-- Designing solutions for customers and for behavior
-- Human creativity
-- Changing the business model
-- Tech in finance, Rise of FinTech
-- Exploration and exploitation
-- Scaling excellence
-- Winning through innovation
-- Learning in action
The program was designed for TBC based on Stanford Executive Education's custom strategic
session approach and was led by William P. Barnett, Thomas M. Siebel Professor of Business
Leadership, Strategy, and Organizations at Stanford GSB. The session was completed with the
summary of learning and insights on what and how to reflect it in TBC's strategy and everyday
William P. Barnett commented: "I went into the program knowing that TBC is in the vanguard
of bringing technology and agile thinking into the financial services industry. But I was
still not prepared for what I encountered. The men and women from TBC proved to be unparalleled,
both in the level of their complex discussions and in their commitment to innovation. The
world should keep its eye on TBC, as its leaders continue to pioneer new approaches to delighting
customers and transforming financial services."
Vakhtang Butskhrikidze, CEO of TBC Bank, commented: "This was a unique experience that has
helped us to look at our businesses and strategic priorities from a variety of perspectives.
We are energized with new ideas and are excited to start implementing them in our strategy
and sharing them with the wider team. We look forward to putting them into action for the
benefit of our customers across our offering. I would like to thank William Barnett and the
entire faculty for preparation of this important program."
About Stanford Executive Education:
Stanford Graduate School of Business (GSB) annually offers more than 100 short courses and
certificate programs through its Stanford Executive Education program. Executive Education
programs are targeted at managers and senior executives seeking to enhance leadership skills,
fill gaps in knowledge, and innovate within their organizations. These programs engage leaders
in a highly-immersive, research-based academic experience, led by the same senior faculty
that teach in the two-year MBA and one-year MSx degree programs. Participants leave with lifelong
connections to a global network of peers. Please visit the Executive Education website (www.gsb.stanford.edu)
for more information on the GSB offerings.
For further enquiries, please contact:
Director of International Media and Investor Relations
Head of Investor Relations
About TBC Bank Group PLC ("TBC PLC")
TBC PLC is a public limited company registered in England and Wales that was incorporated
in February 2016. TBC PLC became the parent company of JSC TBC Bank ("TBC Bank") on 10 August
2016. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent
of FTSE 250 Index.
TBC Bank, together with its subsidiaries, is the leading universal banking group in Georgia,
with a total market share of 38.5% of loans and 41.0% of non-banking deposits as at 30 June
2019, according to data published by the National Bank of Georgia.
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(END) Dow Jones Newswires
September 02, 2019 04:43 ET (08:43 GMT)