In the world of banking, many communities are often overlooked and underrepresented. As a result, these communities, such as low-income individuals and communities of color, face significant barriers to accessing banking services. But as Jim Collins argues in his book "Good to Great," businesses that genuinely want to make a difference must first confront the brutal facts of their current reality. This article will explore how banks can take a "good to great" approach in serving underrepresented communities.
6 Ways You Can Empower Marginalized Groups In Banking
Even though companies have a great deal of structural and behavioral work to address the practices, processes, and cultures that hold them back, individuals from underrepresented groups can take steps to improve their chances of overcoming hurdles in their organization. Here is how you may assist their empowerment so that they can make significant contributions and advance their careers. It is referred to as self-determination.