Lcb Case Study

Case Application: Lebanese Canadian jargon: Managing finished 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. bewitch 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. $ hellion billions). It maintained this outstanding performance by relying on its immanent resources, at a time when growth in the sphere was mainly esta blish 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 look in money laundering and drug trafficking. The bank card a 63 % plus in net return of the last year to U.S. $ 52 million. iv. Discussion Questions: A. Mr.

Hamdoun is a bountiful advocate of efficiency. How might principles of scientific management be utile to LCB? Scientific Management is an approach that involving using the scientific system of rules to determine the one best way for a guess to be done. Since the beginning of 2 001, LCB has worked on strengthening its pos! ition 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) centre of resources on development, training and cooperating heartily 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

If you want to get a full essay, visit our page: cheap essay