it offers. To achieve this goal‚ organisations employ certain ethics that control their attitudes‚ beliefs‚ experiences and values. This ethical characteristic of an organisation is known as its ’organisational culture’. In their book Strategic Management‚ Hill and Jones (2001) define organisational culture as the specific collection of values and norms that are shared by people and groups in an organisation‚ and that control the way they interact with each other and with stakeholders outside the organisation
Premium Management
Organisational culture has been widely researched over the years because of the important benefits that arise from a strong culture in aiding organisations to succeed and grow. Understanding how to build‚ maintain or modify an organisation ’s culture ’ (McAleese‚ D & Hargie‚ O. 2004 p.155) is essential to achieving a competitive advantage as organisations can have a direct influence on attitudes and behaviours of the employees within an organisation. (Robbins‚ Millett‚ Cacioppe & Waters-Marsh
Premium Organizational culture Management Organizational studies
ICICI bank is the second largest bank in India in terms of both asset and market capitalization. It provides a wide variety of financial products to both corporate and retail customers. It has a network of 3‚800 branches and has 11‚162 ATMs in India and is present in 19 countries. Marketing strategy ICICI bank’s USP generally lies in its product innovation‚ its pioneering in modern banking and customer relationship management. ICICI bank focuses on relationship marketing. Even its value proposition
Premium Marketing Bank
company/firm/individual requires money to meet the day to day business operations‚ for purchasing stocks and for acquiring raw materials for processing and conversion to finished good. Banks provide finance to purchase inventory directly by providing funded limits or by issuing letter of credit or Bank Guarantee. Bank also provides receivables finance to provide liquidity to the customers. 1.2 CREDIT - THE LIFELINE OF BUSINESS Of all the elements that go into a business‚ credit is perhaps the most
Premium Bank Credit
what extent can organisational culture be managed? Is organisational culture critical to the success of an organisation? Peter Anthony (1994) asserts that the pursuit of change in a cultural sense has been considered synonymous with the pursuit of excellence for organisations. It is true that a wide variety of management practitioners view the control of organisational culture as something both possible and necessary for organisational success (Brown 1993). A survey of organisational practices of
Premium Management Strategic management Organization
the years after independence‚ the banking sector in India was primarily dominated by the state banks. They played a significant role in the development process of the c9ountry ’s economy. The period 1969-1990‚witnessed rapid branch expansion and adequate flow of credits to all sectors. The mid eighties saw the commercial banks to consolidate the gains of expansion .At this point of time 90% of the banks were in public sector‚ being closely regulated in all respect. But till 1990-91 India has not
Premium Bank
Student ID 1. Vamarasi Kafoa 1016969 2. Matereti Naborisi 1020743 3. George Atalifo 1018686 4. Niteen Chandra 1032445 Executive Summary This report provides a descriptive analysis of the organizational structure and culture that exists at the Training and Productivity Authority of Fiji (TPAF). It goes further on to analyze leadership and communications as two problematic behavioral aspects at TPAF that could be addressed to improve organizational performance and concludes
Premium Leadership Organizational studies and human resource management Organizational structure
Comparatives Study Between Mutual Funds Offer by HDFC and ICICI Companies Name: Rajesh Godara (2008 -2010) Title: Comparatives Study Between Mutual Funds Offer by HDFC and ICICI Companies Objectives: * To analyze the concept and parameters of Mutual Fund * To project Mutual Fund as the ‘productive avenue’ for investing activities. * To show the wide range of investment options available in Mutual Funds by explaining its various schemes. * Tell about the ratios Sharpe’s ratio
Premium Investment Mutual fund Risk
What are some of the challenges for organisational development and organisational culture in today’s business environment? Technological advancement has brought businesses a range of diverse challenges. Technology solutions are constantly being retired and upgraded this exercise requires on-going change management and a skilled and flexible workforce to transcend with the changes. The ageing workforce also presents challenges to organisational development. Some members of the senior workforce
Premium Management Organizational studies 21st century
Organisational culture differentiates organisations from others. Often described as “the way we do things” Identify and explain Charles Handys 4 different cultures Power culture is a dominant culture where a small group or individual determines the culture. It’s like a web with a ruling spider and power and influence are spread out from the central figure or group. A role culture is where organisations are controlled by procedures and role descriptions. This type of culture is where everyone does
Premium Management Government Structure