Lcb Case Study

Case Application: Lebanese Canadian bank: Managing with and through Efficiency i. Time Context: The Date in this quality is July 2010 when Mr. Mohammad I. Hamdoun was a Board Member and General Manager. ii. cipher Point: This case study took the viewpoints of Mr. Hamdoun. iii. Relevant Facts: A. Lebanese Canadian bank was at a time Known as the Royal Bank of Canada (Middle East) S.A.L and changed its name to Lebanese Canadian Bank S.A.L in 1988. The bank was founded in 1960 and is headquartered in Beirut, Lebanon. It has 35 branches in Lebanon and an office in Montreal. B. LCB is ranked as the eighth-largest Lebanese bank, with more than than U.S. $ 5 billion in assets. It has been as well as a member of the Alfa Group (i.e. the major banks with deposits exceeding U.S. $ demon billions). It maintained this outstanding performance by relying on its unobjective resources, at a time when growth in the sector was mainly establish on mergers and acquisition. C. It has been decided to merge the Lebanese Canadian Bank with Societe General after the U.S. accused it of particular date in money laundering and drug trafficking. The bank deem a 63 % growth in net advantage of the last year to U.S. $ 52 million. iv. Discussion Questions: A. Mr. Hamdoun is a bighearted advocate of efficiency. How might principles of scientific management be right-hand to LCB? Scientific Management is an approach that involving using the scientific transcription to determine the one best way for a ruminate to be done. Since the beginning of 2001, LCB has worked on strengthening its position in the banking sector by adopting an ambitious plan aimed at increase its market share and the volume of its activities as well as its net results. These objectives will be obtained through implementing Mr. Hamdouns approach which is ground on efficiency by investing a meaning(a) meat of resources on development, training and cooperating hearti! ly with the workers to ensure that tout ensemble work is done....If you want to get a full essay, club it on our website: BestEssayCheap.com

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