Mastercard 2023 Rewired for Infinite Optionality
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In 2019, Mastercard introduced a “Rewired for Infinite Optionality” strategy which has transformed the company. This year, the strategy is expected to continue, and I am thrilled about it. Mastercard has always been a business that adapts to the needs of its customers. From its humble origins as a business focused on check cashing and remittances, Mastercard’s journey has always been one of continuous change. The company has moved from an organizational focus on paper (Mastercard, Payment Card, International Fin
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Write a 160-word case study about a successful company that completely transformed itself by rethinking its corporate culture, and rewriting its operating system to make it more adaptable, open-minded, and innovative. This company’s new approach resulted in significant improvements in customer engagement, operational efficiency, and growth potential, making it a leader in its industry. The new approach also resulted in changes in the company’s organizational structure and leadership team. Mastercard underwent a major restructuring that resulted in a team structure with greater
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Based on my past experience, I recommend that Mastercard 2023 “re-wired” for infinite optionality. I’ve seen how an organization like Mastercard has re-wired and is re-envisioning itself in order to become “infinite optionality” — where infinite choice enables innovation and flexibility. Mastercard 2023’s “Re-Wired” Plan Mastercard’s 2023 “Re-Wired” plan involves significant changes to the organization’s structure, work
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“Mastercard’s 2023 Rewired strategy is one of the boldest and most ambitious in the company’s history. The global leader in payments, Mastercard is revolutionizing financial services to meet the needs of a new generation of consumers, businesses, and societies. Mastercard’s new strategy is based on four core pillars: innovation, network integration, people, and opportunity. Innovation will accelerate as the company leverages new technologies such as blockchain, AI, and biometrics to
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I’m a retired journalist who worked for almost 40 years for The Wall Street Journal in a wide range of roles from news and opinion to technology and media. Throughout my career, I worked on many stories that examined the impact of technologies on the economy and society, often in conjunction with the Center for Financial Services Innovation. As my career ended, I decided to try out writing short, declarative sentences that express complex ideas in a more conversational way. index Case Study #1: Mastercard’s Rewired for In
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