Lcb Case Study

Case Application: Lebanese Canadian affirm: Managing through with(predicate) 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. suppose 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(prenominal) 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. $ fiend billions). It maintained this outstanding performance by relying on its immanent resources, at a time when growth in the ar ena 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 visualize in money laundering and drug trafficking. The bank posting a 63 % sum up in net benefit of the last year to U.S. $ 52 million. iv. Discussion Questions: A. Mr.

Hamdoun is a openhanded advocate of efficiency. How might principles of scientific management be instrumental to LCB? Scientific Management is an approach that involving using the scientific organization to determine the one best way for a theorize to be done. Since the beginning of 2001, LC! B 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 found on efficiency by investing a meaning(a) tot of resources on development, training and cooperating heartily with the workers to ensure that tout tout ensemble work is done....If you want to get a full essay, parliamentary law it on our website: BestEssayCheap.com

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