1.0. Introduction
The banking industry in Malaysia consists of only eight commercial banks (Bank Negara Malaysia, 2013), and Public Bank Berhad is ranked third out of all in respect of size of assets, capitalization, and public’s choice (People's Choice for Best Banking Experience, 2013). This business has managed to broaden its wings across Asia after just a few years since its establishment (Teo, 2012). Despite the triumph it has acquired, there is always room for improvement. There are few analyses carried out – Management Analysis, HRM Analysis, and Leadership Analysis – in order to understand the business better. Thus, recommendations of related matters would be made upon the completion of these analyses.
2.0. Management Analysis
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However, it is rather hard for a company to take full control of the external factors since it is beyond their power (International Monetary Fund, 2013). Thus, Public Bank Berhad has been focusing on improving the internal environment of the business. In this market, it is quite hard for the business to actually have competitive advantage – the ability of the business to perform better in comparison with other competitors within the market (Schermerhorn Jr., Davidson, Poole, Woods, Simon, & McBarron, 2013) – over other competitors. Thus, the business is putting their full effort on increasing its competitive advantage by investing in human capital development to ensure the working force is fully effective (Public Bank Berhad, 2014). Furthermore, Public Bank Berhad also emphasizes diversity in the work place by employing diversified workforce – regardless of age group, gender, race, belief, or work experience, as the merits are all that matter (Public Bank Berhad,
Ethical Behaviour & Corporate Social Responsibility
In order to guarantee the auspicious ethical behaviour within the organisation is sustained, Public Bank Berhad has been relying on the “Fit and Proper” policies under the corporate governance (Public Bank Berhad, 2014). There are various policies included, and the formation of the policies is to assist in maintaining the integrity and reputation of the business. For instance, there is ‘Anti-Fraud Policy’ which would prevent any fraud, or any attempts on doing so from happening. If such things occur, the whistle-blowers would be able to report such crime to the authorities.
Corporate Social Responsibility (CSR) might be one of the greatest ways for a business in giving back to the society upon the success it has acquired in business, and this company has managed to grab this opportunity. Nevertheless, Public Bank Berhad has performed CSR throughout Asia persistently, which results in the collection of numerous awards throughout its operational years. There are various CSR events that have taken place namely the switching off of the lights of the Public Bank Tower during Earth Hour, organised a blood donation campaign,
Prior to Fuller’s transfer, management at the Carson’s location was poorly run using the classical approach. While this approach can be successful, management has to find a good middle ground between caring for the company and caring about their employees. A traditional classical approach recognizes that there are five important factors to running a successful business (Miller, 19). According to text, these factors are planning, organizing, command, coordination and control (Miller, 19-20). These factors can be seen when you look at Third Bank as a whole. In the study, the CEO saw the issues in his company and put a plan together to improve. He had meetings with management, like fuller, to organize a solution. He then commanded all locations
In their work, Plato and Paulo Freire have offered harsh critiques of education and learning. Plato compares people to prisoners in a cave of darkness in relation to knowledge, and Freire refers to a “Banking Concept” of education in which teachers put their thoughts and information into students’ minds much like the deposition of money into a bank. Instead of this money being of value, Freire and Plato acknowledge that the value declines. Although many people refute the concept of accepting new knowledge and admission of mistakes, I claim that both Plato and Freire produce valid points about the corruption of education because people cannot learn unless they have an open mind and truly desire to learn. Ultimately, what is at stake here is the effectiveness of learning and continuing the cycle of education.
Corporate social responsibility (CSR) invaded the corporate world over the last few decades. This concept has become an essential need for competitive advantage unlike its original role as a nicety. The companies have seen the business benefit of the initiative and stakeholders have appreciated the initiative. This has led to the wide application in the firm’s operational agenda.
The profit oriented industry of private UCB banking, patients are considered as consumers, and consumer behavior entails considerable risks and requires prudent decision making due to uncertainty of the outcome. The theory of perceived risk was first introduced by Bauer (1960), in the field of consumer behavior. Since 1960 (Bauer, R.A. & D.F. Cox 1967) this theory was considerably applied in many studies and the impact of perceived risk and consumer behavior has been affirmed globally. The more risk they perceive, the less likely they pay for UCB banking.
When aligned with Organizational Objectives, diversity can be a powerful contributor to the organizations competitive advantage.” (Best practices page 9)
A. By itself the first national bank can only lend out $10,000. It can lend out the full about due to the fact that it is depositing all of that money into its reserves. In a case like this it is like the federal reserve is making new money and then depositing all of it.
Finding and keeping good employees could only happen when people understand that they are valued in the company. Wells Fargo vision falls short in the area of identifying employees as its most valuable asset. To satisfy its customers’ financial needs and help them succeed financially, it is essential to ensure employee satisfaction, knowing that, it is the key to attain the set strategic objective. The company’s productivity centers on employees’ satisfaction thus result in revenue. Nonetheless, the Wells Fargo’s vision, values, and goals set how the company’s resources is allocated and also set its strategic and operational objectives. The vision shows the company’s strengths and point out to the employees where to focus their efforts in order to achieve the company’s objectives (Mission and Vision Statements,
These factors have a positive impact on the company’s profitability and they facilitate the lowering of costs of operation. For instance, HR policies that are used in the business improve the efficiency in operations (Lessambo 27). This attracts a high number of customers and this increase the bank’s profitability. On the other hand, the size and coverage of the bank is worldwide and this leads to the growth in the customer base and
In the 20th and 21st centuries the American educational system has witness much transition in response to our changing society. Throughout the world education will vary and have different standards to what each individual person must meet. In the final decades of 20th centuries education system began to change to meet soceityś standards. However, within U.S. educational system problems raised throughout the years in regard to what our school systems should be teaching our children, there have also been many developments. Moreover, in American educational system it is very challenging and have a lot of rules and regulations. On the other hand, throughout the U.S. education system there have been many concerns about racism, brain complexity,
An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole.
In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility. According to (Werther & Chandler, 2006) corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefits the society. In authenticity, there is a whole lot to argue about it. There are no major guidelines that decides either a business is participating in Corporate Social Responsibility; what might be considered a Business practicing CSR to some, can still not be accepted for it by others. CSR may be restrained a term which his highly flexible. This paper will discuss about Corporate Social Responsibility and its
It is a known fact that the banking industry plays a huge role in today’s society, the industry has grown rapidly of many decades and still growing. The banking sector is that sector of the society that is actually responsible for the handling of financial assets for other sector of the economy, they do this by investing the financial assets in order to create more wealth in the society while regulating all the activities involved in the process. (What is the banking Sector 2015)
It is the same business approach that a corporation contributes to sustaining the development by delivering economic, social and environmental benefits to any enterprises. One should be corporately and socially responsible to achieve triple bottom line, which is environmental which is nurturing the environment, social that holds the norms and values of the community and charity which meets the needs of people. To give a bigger picture, the essay will suggest four examples of CSR activities along with its benefits of the industry. In recent years, a tremendous rise and progress of the concept of CSR have been witnessed by the humanity, pulling it up to the highest peak and being the soul of all aspects of business and production, be it private or public. It would not be possible to stand out in the middle of other competitors despite being an individual entity, without public relation. Therefore, it is a win-win situation where, in the one hand corporate makes an accomplishment from the community while on the other hand, it fosters the daily life of the humankind, which is a blessing to the
middle of paper ... ... inga (1999) and Pasiouras and Kosmidou (2007). The above estimation has left some questions pertaining to fill the gap by attempting to identify and measure factors that determine the profitability performance of commercial banks in Malaysia. What are bank-specific determinants and macroeconomic determinants influence on banks’ profitability in Malaysia compare to other countries?
This is followed in section 5 by an analysis of the recent changes in the banking industry. With the development of the financial system, declining entry barriers and the deregulation of the banking industry make banks no longer the monopoly suppliers of banking services and reduce their comparative advantages which they usually hold in the past. Whether the reasons give rise to the existence of banks are still powerful will be examined here, while section 6 offers a way of considering whether banks are declining by looking at the value added by the banks. When the value added by banks is examined, banks are not a financial intermediation, which not only conduct the traditional services but also provide more diversified