Embracing the Past, Shaping the Future: Lessons from History.
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2. In the 2nd
century BC, Europe was home to
two formidable superpowers, the Greek
City-states: and the rapidly growing
Roman Republic
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An Arms Race of Antiquity
Both, Greece and Rome were in an arms
race, trying to develop the perfect military
unit.
The Greeks had the Phalanx, which the
Romans were eager to copy early on.
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The Greek Phalanx
The Greek Phalanx was a powerful and iconic
military formation characterized by its soldiers
standing shoulder to shoulder creating a
formidable wall of long spears and shields.
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Why the Romans Abandoned the Phalanx:
Lack of flexibility,
Slow maneuverability
Vulnerability to surprise attacks
Lacked mobility
Struggled to adapt to diverse battlefield conditions
Phalanx
Formation
Legion
Formation
However, this formation had its shortcomings
which led the Romans to adopt a new way of
fighting. Typically Phalanxes had;
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Why the Romans Created the Legion?
The need for adaptability and responsiveness
led to the introduction of Roman Legions.
The Romans realized the limitations of the
Phalanx in a rapidly changing battlefield, a
realization that eluded the Greeks.
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Advantages of the Roman Legions:
Agile and flexible: Able to adapt to various
situations and enemy tactics.
Open formation: Allowed for better
communication and coordination between
units.
Rapid response to emerging threats: Quicker
decision-making and execution.
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How the Young Roman
Republic's Legions Triumphed:
Roman Legions' versatility and innovation
outmaneuvered the powerful, yet rigid
Greek Phalanx.
Strategic victories were achieved through
adaptability and decentralized command.
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Is Your Banking System Like a Phalanx?
Legacy software systems can be powerful
but may have inherent limitations.
Lack of agility and adaptability in the face of
rapidly evolving market and consumer needs.
"I've heard retreat is
the new victory!"
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If then, competitors ^ can defeat you:
Agile Competitor
Legacy System
will
Agile competitors can respond swiftly to
market changes.
Legacy systems often struggle to adapt and
remain vulnerable.
In today's banking industry, agility is key to
staying competitive.
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Embrace ECOru Core Banking Platform
Core Banking Platform
Modernize your banking system with ECOru.
Unlock the power of agility, open APIs, and
Cloud Banking.
Stay ahead in the market, cater to growing
consumer needs, and achieve success in the
digital era.