Research On The Strategic Cost Management Of Commercial Banks

With the acceleration of interest rate liberalization and the impact of Internet finance,commercial banks face severe opportunities and challenges.In order to maintain their competitive advantages,commercial banks have launched all-round competition in product,service,price,quality and talent.From the perspective of cost,whether commercial banks can change the limitations of traditional cost management in some aspects,and establish their "low-cost competitive advantage" through the implementation of effective strategic cost management has become one of the key factors for commercial banks to have core competitiveness.In order to gain an advantage in the fierce competition,commercial banks must strengthen their cost control and implement strategic cost management.Therefore,the research on the cost management of commercial Banks and the construction of strategic cost management framework provide ideas for China’s commercial Banks to seek effective cost management methods.Firstly,this paper combs the relevant theoretical basis and development of strategic cost management at home and abroad,summarizes the problems and shortcomings emerging in the traditional cost management model,analyses and studies the problems and shortcomings emerging in the actual cost management of commercial banks in China,and then clarifies that it is the general trend for commercial banks to adopt strategic cost management.It is the only way.Secondly,it briefly summarizes the strategic environment faced by our commercial banks,and uses a series of analysis methods,such as value chain analysis,strategic positioning analysis,to carry out in-depth analysis and Research on the strategic cost of commercial banks,and to construct the basic framework of strategic cost management.Thirdly,the framework of strategic cost management of commercial banks based on Balanced Scorecard is designed.Finally,taking China Postal Savings Bank as an example,through the analysis of the specific application of strategic cost management model,this paper provides new ideas for the development of its cost management,hoping that under the increasingly fierce market competition environment,commercial banks can step by step,and then step by step towards a broader future.