Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi there !! I need answers for the questions below of this mangmanet case / CASE APPLICATION -I: Source : CASE STUDY # 1-Page #

Hi there !! I need answers for the questions below of this mangmanet case /
image text in transcribed
CASE APPLICATION -I: Source : CASE STUDY # 1-Page # 41 (Chapter-2) Lebanese Canadian Bank: Managing Through Efficiency The Lebanese Canadian Bank (LCB) has been expanding its operations inside and outside Lebanon, throughout the Middle East region. Mohammed. Hamdoun, board member and general manager, utilizes a specific style in pursuing LCB's vision: "My approach was and still is based in efficiency and servicing the customer in the most personalized way. He adopts state-of-the-art technology in handling banking operations and invests a significant amount of resources on development and training. The way to accomplish the bank's objectives involves knowing each customer's needs and striving to come up with solutions that tackle those needs. What helps Lebanese banks such as LCB to realize their visions is the unique position of Lebanon: This country has a long history of banking excellence, access to qualified human resources, and a safe regulatory environment. The people factor is a key dimension in the bank's strategy "I have always been surrounded by a highly professional caliber and trustworthy team [with] specialization in various areas of the banking fields and which have been evolving in recent years at an exponential speed," says Hamdoun. "Personal reading and focused training on new technology is also a source of inspiration for changes." Answer these Discussion Questions 1. Mr. Hamdoun is a big advocate of efficiency. How might principles of scientific management be useful to LCB? 2. How might knowledge of organizational behavior help the banks supervisors manage their employees? Would Mr. Hamdoun and other top managers need to understand OB? Why or why not? 3. Based on information from LCB's website below, what values does this bank embrace that might be important for successful organizations in the twenty-first century? anadiarn ebsite http://www.1stlebanon.net/lebanon/lebcanbank.html 4. Using Exhibit 2-7, describe LCB as a system. 5. What do you think Mr. Hamdoun means when he says, "Personal reading and focused training on new technology is also a source of inspiration for changes"? Is success dependent mainly on the people dimension? Explain. Source: Anonymous, July 2010. LCB boosts International Presence [An interview with Mr Mohammad Hamdoun] (p. 11-13). Business Life Magazine (Lebanon)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Performance Auditing Measuring Inputs, Outputs, And Outcomes

Authors: Stephen L. Morgan, Ronell B. Raaum, Colleen G. Waring

3rd Edition

0894139762, 9780894139765

More Books

Students also viewed these Accounting questions

Question

What is your role within these groups?

Answered: 1 week ago