Al-Amanah Islamic Investment Bank Of The Philippines

Al-Amanah Islamic Investment Bank Of The Philippines Republic Act No. 6848, otherwise known as â€Å"The Charter of the Al-Amanah Islamic Investment Bank of the Philippines† outlines that the primary purpose of the Islamic bank is â€Å"to promote and accelerate the socio-economic development of the Autonomous Region by performing banking, financing and investment operations and to establish and participate in agricultural, commercial and industrial ventures based on the Islamic concept of banking.† In addition to allowing the bank to act as a universal bank capable of offering both conventional and Islamic banking products and services, the Sections No. 10 the bargaining power of multilateral and bilateral aid organizations(USTDA, WB, ADB, JBIC) is high due to their involvement with micro-finance and development banks; the large size and unorganized nature of the labor sector affords it little bargaining power; bargaining power among depositors is highly skewed towards the higher income deciles who’s deposits ac count for 88.3% of the savings in banks, with the lower deciles having nor bargaining power. (2) With regard to the bargaining power of buyers, the higher income deciles belonging to the middle and upper classes resided and/or did business in the National Capital Region (NCR) and demand services such as â€Å"à ¢Ã¢â€š ¬Ã‚ ¦electronic banking, payroll services, and bill payments.†; The power portions of the population find it difficult to obtain financing from formal banks due to their situation, and thus do not have much bargaining power, but their sheer numbers offer a potentially large market. (3) With regard to the threat of new entrants, any new Islamic banks allowed by the BSP could actually benefit the Amanah Bank by providing much needed visibility for the beleaguered Philippine Islamic banking sector. (4) With regard to the threat of substitute, notable alternatives that customers may opt for are informal financial institutions, employers that provide loan programs, or complete abstinence from banking entirely. Another threat is the outflow of capital from the country. (5) With regard to rivalry among existing players, the tendency of banks to be large tends to lead them to avoid small borrowers and savers, as such the government has had to develop the banking system so as to include such institutions as thrift and rural banks which cater to the needs of small borrowers and savers who would otherwise resort to informal institutions. In order to counter the threat of oligopoly the government competes in the financial sector via the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LBP). (Isnaji, 2003)

CRM (Tesco) Statistics Project Example | Topics and Well Written Essays - 7000 words

CRM (Tesco) - Statistics Project Example This dissertation basically aimed to achieve an understanding of whether the concepts of customer relationship management which are so effective in industries like banking, airlines etc can also be as useful as they are for the said industries. This research therefore focused on the broad categorization of whether CRM has the power to create customer loyalty and if yes can the same concept be imitated for the retail industry. The Dissertation describes the customer relationship management (CRM) initiatives undertaken by Tesco, the number one retailing company in the United Kingdom (UK), since the mid-1990s. The company's growth and its numerous customer service efforts are discussed. The dissertation then studies the loyalty card scheme launched by the company in 1995. It examines how the data generated through this scheme was used to modify the company's marketing strategies and explores the role played by the scheme in making Tesco the market leader. This dissertation also takes a look at the various other ways in which Tesco tried to offer its customers the best possible service. Finally, the company's future prospects are commented on in light of changing market dynamics, the company's new strategic game plan. Customer relationship management is not a new concept as many organisations have successfully implemented it to achieve better results. The business model of the Dell suggests that how delivering directly to the customers can create strong customer loyalty and help develop the effective customer relationship management within the organisation. In its essence, Customer relationship management is considered as an activity through which organisations try to maintain customer retention and try to develop customer loyalty through that. However information technology has played an important role in the development of CRM not only as a concept but also as a practical reality. However traditionally CRM has remained the domain of some typical and particular industries such as banking, airlines, automobiles, hotels as well as electronic commerce. Retail Industry such as large super stores such as Tesco, ASDA etc has not been able to initiate the same level of CRM as it should have been. As a case study we have chosen Tesco as our reference point for discussing the CRM with specific reference to Tesco. This study will aim to analyze and understand the role of CRM into retail industry and whether CRM can prove useful in Retail Industry. Accordingly research objectives such as the ability of CRM to create customer loyalty, whether CRM has the ability to create the same for retail industry and to finally evaluate the extent of CRM into current industry. Company History History of Tesco can be traced back to the second decade of last century when Jack Cohen started to sell grocessories from a stall in London. The business survived and soon it emerged as the leading grocery providers in the country. Tesco is now the largest retail organisation in UK in

What Principles of Time and Stress Management are Violated by Chet Assignment - 1

What Principles of Time and Stress Management are Violated by Chet - Assignment Example Chet is more focused on how effective he was during that day forgetting that an effective manager should have results for what he has done during the day. Indeed he is a manager who has studied his work habits, a very crucial step to determine his strengths and weaknesses but his work habits survey is mainly based on time management and not the results. As a manager, he should be more concerned with performing top-level management functions which will include long-term decisions planning and delegate the other duties to middle and first line management. The structure of management in Chet’s company has a major role to play in his shortcomings, there doesn’t seem to be a defined middle level and supervisory branch this is seen when the pressmen report directly to him instead of reporting to a foreman Carl Jung in his trait theory categorizes people into type A and type B in relation to their ability to handle stress. Type A personalities when in a managerial post tend to not trust their subordinates to handle anything so they do it all themselves. This leads to them being stressed because they have too much work to handle all at once. Chet, in this case, is a type A personality. The second aspect of his personality is that he anticipates stress and does not have a procedure to handle them he instead faces them head-on. This increases his level of stress and negatively affects his ability to make the sound judgment on what’s important and what’s urgent. Chet should, in this case, adopt type B personality. This personality when in a management post according to Carl Jung is one who is good at delegating duties to his subordinates, he focuses only on important aspects of the institution leaving the rest to be sorted by middle or first line management. He should try as much as possible to delegate the trivial duties to other employees.