Emirates NBD bank is one of the most reputable banks in United Arab Emirates. It is being considered as the market leader across core business lines and the leading retail banking franchise as stated by (Emirates NBD, 2017)
The objectives of Emirates NBD have been set out based on the organizational strategy of the bank and aligned with its vision, mission, and values, taking into consideration, the internal factors: financial and human capital, and the external factors: competitors, demand for the banking products and the economy.
They are written to support the activities contributed to moving forward in: increasing revenue, decreasing cost and improving customer experience, by using the SMART analysis:
Where specific and measurable
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The working procedures of HRM is a cycle of integrated processes, includes:
• HR planning: by acquisition, utilization, improvement & retention of personnel required by the bank in pursuit of its objectives and based on each branch and department need for staff and what skills and competencies are required accordingly.
• Recruitment and selection: the process of finding and hiring best-qualified candidates for job opening in a timely and cost-effective manner, the selection usually is done internally or from external candidates that have they needed qualifications
• Orientation: is the process in which a new employee is introduced to co-workers and the work environment of the bank, he is being introduced as well to the bank code of conduct, labor law and had an induction plan though all the bank departments
• Training and development: the ongoing educational activities within the bank to enhance the performance of employees, it includes technical training on the banking systems and other behavioral training activities.
• Performance management: an evaluation of the employee performance to measure progress toward pre-determined goals, this is done usually by the head of department or branch manager and they report to HR department for the completion of the
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• Competition: knowing who are the competitors of the bank, what are their strategies, how do they compete the bank’s products and services?
• Technology: The development and availability of technology these days can have a powerful effect on business strategy worldwide and it facilities the work.
• Labor market: acquiring key talents and satisfying employee is vital important that underpin the organizational strategy of the bank this requires understanding the country’s labor law and unions in which the bank operates.
• The regulatory environment: laws, regulations, rules and principles are now the top issue that can have the most impact on a company in different industries.
• The economy: Tax systems, Anti-money laundry Act, worker relations, product safety and liability, recession, depression, currency exchange rate, inflations, etc., are some of the economic factors that influence the organizational strategies
There are thousands of banks that compete with each other to get people to chose their banks. The banks also offer different products and services. The banks are not offering the same products and services. Because of this I feel that my bank fits under the monopolistic competition category. 5. What are the current numbers on job growth compared to last year or the within the past five years-be specific!
Assignment #1 Introduction Air Canada was established in 1937, provides scheduled and charter air transport for passengers and cargo to 182 destinations worldwide. It is the largest airline of Canada by fleet size and passengers carried. Air Canada is governed by an eleven-member Board of Directors committed to meeting high standards of corporate governance in all aspects of the Corporation’s affairs. Our Mission – “Connecting Canada and the World” Our Vision – “Building loyalty through passion and innovation” PESTEL Analysis: Political Factors: "The 'Open Skies Agreement ' between governments of US and Canada in March 2007 came into action as it liberalized the air transportation services.
Q1 : (Philip,2011) “Marketing environment is consists of the actors and forces outside the marketing department that affect marketing management’s ability to build and maintain successful relationships with target customers” . The marketing environment consists of micro and macro environment . Macro environment have larger societal forces that effect the microenvironment , it includes : demographic , economic , cultural and other forces. The demographic is the study of human populations like : gender , age, location , density and other statistics . The demographic trends have impacted the marketing includes : changing age , population growth and so on , for example , this changing will affect the united airlines decision because demographic
In this particular article, we will discuss about the Bank of America corporate hierarchy that is one of the most important factors responsible for the phenomenal growth and prosperity of the organization. Bank of America exhibits a divisional corporate hierarchy. The divisional hierarchy is prevalent in the different service sections of the bank such as the retail section, commercial section, investing section and the asset management section. According to the divisional organizational hierarchy, the large sections of the business enterprise are segregated into semi-autonomous bodies.
They wanted to continue to grow by entering new markets. In addition, their wish was to transform the company into an enabler of worldwide commerce. 2.2 Challenges faced by UPS and drivers of organizational change. In order to stay flourishing in the time of unprecedented change the company should state clearly its problems and implement organizational development techniques.
Operation decisions are influenced by marketing strategies while marketing strategies are affected by the outcomes of other KBF’s. Marketing is largely concerned with strategies to ensure the sale of product which include influencing consumers to buy product by altering, design, pricing, the image of the product in the market, promotion and the quantity produced. These can all be restricted by other KBF’s. Pricing strategies, for example, can’t be set lower than the costs of making the products (reaching break even point). Every key business function has affects on marketing and physical limits on the amount that can be produced and the sorts of marketing strategies that can be implemented.
Therefore, the source of competitive advantage for Barclays would be quality customer care as envisaged in their strategy in citizenship and continuous development of new and unique products for the market. The ability to enjoy economies of scale from supplies and large capital structure should also offer Barclays, a hand in increasing competition. Institutional capabilities and endowment Barclays bank has both physical and intangible resources to help it grow to a leading financial institution in its strategic plans. It has both distinctive and threshold capabilities to allow it create a competitive advantage against its rivals (Warner, 2010).
These factors are a big game changer towards the success and failure of a particular organization. These factors can be further evaluated using the widely used industry analysis approach, Porter’s Five Forces Model. In the Oil & Gas
Strategic Direction Britvic plc. is a British soft drinks producer in Hemel Hempstead. It is the second soft drinks producers in United Kingdom. Also, it is quoted on the London Stock Exchange and is a constituent of the FTSE 250 Index. Britvic plc. manufactures, markets and sells both Britvic and PepsiCo brands in UK and Ireland, supported by dedicated commercial teams in both countries.
> Founded in 1941 and based in Pasay City, The Philippine Airlines is the country 's ultimate flag carrier and oldest airlines. The monopolization of the airline occurred in 1995 when Lucio Tan, an affluent Chinese-Filipino businessman purchased the airline and became its chairman and CEO. . Global competition in the industry > Threat to new entrants: In spite of the low switching costs and the absence of proprietary goods and services, generally speaking, there is a low threat to new entrants in the airline industry. The huge amount of capital make reprisals against new entrants through a price drop.
I would frame the banking as an industry that is built on trust. Trust that is reaffirmed by the governments, and regulators. Banks have an imperative role in our economic growth, and development. Correspondingly, without the bank industry, there is no industry to replace them as the conduit for social and economic policy. Equally important, there is no industry to replace them as the key performer in creating our economies multiplier effect.
Introduction FlyDubai is a low cost airline that was established at the heart of the global recession by optimistic investors. The airline flight coverage is to regions that are within five hours margin of flying from Dubai. The airline was established by the Emirates government. The airline is not a competitor to the major airlines but poses competition to other low cost airlines. This marketing audit aims at looking at the potential markets for the airline and establishing ways of being established in them.
Introduction Employees are crucial to any business, and so it is extremely important for an organisation to have a great understanding to the recruitment and selection process. This process is used to make sure the right candidate is chosen for the job. The aim of the research is to create a better understand of the recruitment and selection process and what takes organisation to recruit new employees. The recruitment and selection process has so many different elements to think about, and this essay reflects on how the organisation searches for possible candidates to recruit. Recruitment and selection process is dealt with mostly the human resource (HR) department, although in many organisations it is common for other heads of department to be involved in the process to make sure that technical considerations are assessed during recruitment and selection so that no faults are made.
PESTLE analysis is include of political, economic, social, technological, legal and environmental factors. PESTLE is a business tool that used by companies to track and analyse the macro environment in which the company operate. This tool is very useful which help in overall growth and development of organization after learning from the past mistake and working for future. The first factor is political factor which include such as law of land, taxation policies, rules and regulation, trade restriction and so on.
1.4.1 Literature Review HRM practices are a process of engaging, motivating, and maintaining employees to ensure the organizational survival (Schuler and Jackson, 1987). According to (Delery and Doty, 1996) HRM practices are prepared and implemented in a way that human capital plays important role in achieving the goals and objectives of the organization. The appropriate use of HRM practices strongly influence the standard of employer and the degree of employee commitment (Purcell, 2003). HRM practices like, training and development, performance appraisal allow the employees to do better in order to enhance the organizational performance (Snell and Dean, 1992; Pfeffer, 1998).