Performance Measuring Process

2012 ◽  
pp. 224-249
Keyword(s):  
Organizational Change ◽  
Financial Institutions ◽  
Dynamic Process ◽  
Economic Recession ◽  
Monitoring And Evaluation ◽  
Sustainable Growth ◽  
Control Measures ◽  
Work Culture ◽  
Evaluation Measures ◽  
Design Activities

Performance of any organizational is a dynamic process and needs to be measured periodically. The performance measurement is a process involving development of control measures that help in coordinating organizational tasks and motivating people to improve their performance. This chapter discusses managing the values and organizational change in financial institutions during economic recession and how to sustainable growth. The discussion demonstrates a sustainable paradigm for managing performance and sustainable growth of financial institutions by converging traditional design activities, work culture, and monitoring and evaluation measures. It is argued in the chapter that the performance of managers is demonstrated by effective administrative skills not only in developing new ambiance to carry tasks effectively but also to resolve conflicts and ambiguities during the task handling process and dynamics.

A Study on Employee Attitude towards Organizational Change and the impact of Change Management on Organization Commitment

2019 ◽  
Vol 118 (3) ◽  
pp. 158-169
Author(s):  
Dheera.V. R ◽  
Jayasree Krishnan
Keyword(s):  
Organizational Change ◽  
Change Management ◽  
Tamil Nadu ◽  
Change Agents ◽  
Organization Change ◽  
Sustainable Growth ◽  
Positive Approach ◽  
Organizational Goals ◽  
Organization Commitment ◽  
The Impact

Organizations that are aiming to successfully implement change needs the support and acceptance of employees who are their key stakeholder. This study analyses the influence of Employees` attitude towards organization change. The research also aims at evaluating the influence of employees’ attitude towards commitment to organization and job after the introduction of change in the organization. The study was conducted among 300 employees who belonged to executive and managerial category from different star rated hotels in Chennai, Tamil Nadu, India which are currently embracing organization changes. The findings indicate that employees of the study demonstrate a positive approach towards the change management in their organization. The observations also project that a positive approach by employees towards changes, is a very good indication for organizations to know that their workforce is committed towards the organizational goals. Hence with the support of change agents, adequate communications and by creating awareness about the need for change will result in sustainable growth in the organizations.

scholarly journals Strategi Filosofis Masyarakat Jepang Dalam Mengatasi Dilema Budaya Kerja Di Masa Pandemi Covid-19

KIRYOKU ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 159-164
Author(s):  
Iriyanto Widisuseno
Keyword(s):  
Japanese Society ◽  
Economic Recession ◽  
Developed Countries ◽  
Work Culture ◽  
Remote Work ◽  
Japanese People ◽  
Social Phenomena ◽  
The People ◽  
The Face ◽  
Normative Rule

For the Japanese people, the remote work policy which aims to break the chain of the spread of the Corona-19 Virus is a cultural dilemma, because it clashes with the work culture of the people who have a strong work ethic. But in fact, Japan's economic recession rate is not as bad as other developed countries, such as America, China, and Korea. The death rate from Covid-19 is very low. Currently, Japan has started to return to the normal national economy. The mystery behind it all in Japan is the factor of superior immunity or cultural superiority. The assumption is, if because of the cultural superiority factor, what are the basic values that underlie the formation of behavior and culture of Japanese society. This philosophical qualitative study aims to examine philosophical strategies: what are the basic values that underlie the way Japanese people think and behave in the face of the Covid-19 pandemic, how to properly solve problems (epistemology), and what normative rules are used to give direction to achieve goals (axiology). Through philosophical descriptive methods, this research can reveal the philosophical values (ontological, epistemological, axiological) behind social phenomena in Japanese society. The results of the study show that Japanese people hold firmly to the value of discipline as an ontological footing, the samurai is used as a way to solve problems, the value of harmony as a normative rule that gives direction to the achievement of goals. The benefits of this research provide enlightenment for the community about understanding the basic problems in society that are often neglected, while many people only focus on the surface of the problem that causes failure to understand.

What Policy for Islamic Financial Literacy?

10.26414/a148 ◽  
2021 ◽  
Author(s):  
Ahmed Tahiri Jouti
Keyword(s):  
Literature Review ◽  
Financial Institutions ◽  
Financial Literacy ◽  
Sustainable Growth ◽  
Islamic Finance ◽  
Finance Industry ◽  
Literacy Policy ◽  
Islamic Financial Institutions ◽  
Financial Behaviour

This paper addresses the concept of financial literacy in Islamic finance and suggests a methodology to elaborate an effective Islamic financial literacy policy (IFLP). Based on a literature review, the paper summarizes the conclusions of studies and surveys conducted in the field of conventional financial literacy while identifying the specificities of the Islamic finance industry. Indeed, the paper would help financial authorities and Islamic financial institutions in elaborating Islamic financial literacy policies (IFLPs) in order to contribute to the sustainable growth of the industry. It promotes the idea that qualitative aspects are worth studying when elaborating an Islamic financial literacy policy that has to take into account many factors such as the maturity of the industry, the objectives of the policy (inclusion or migration), the degree of Shari’ah awareness, the understanding of Arabic terminologies, etc. Finally, the IFLP measurement should include quantitative (Total reach and number of people reached) as well as qualitative aspects (level of financial literacy, impact on financial behaviour).

scholarly journals Challenges the finance profession has been facing following the 2008-2009. A multi-country research

2012 ◽  
pp. 2-11
Author(s):  
András Dankó ◽  
Károly Barakonyi
Keyword(s):  
Financial Institutions ◽  
Business Strategy ◽  
Business Performance ◽  
Sustainable Growth ◽  
Job Descriptions ◽  
The United Kingdom ◽  
Close Cooperation ◽  
Finance Function ◽  
Excessive Risk Taking

In the successful strategic management of the modern companies each function plays their specific role. While today’s businesses in many ways are different from their ancestors, the key fundamentals are derived from the same roots. Their main purpose of existence is to serve the needs of their shareholders and stakeholders by creating value (Pike et al., 1993). To achieve this effectively and efficiently the various functions need to work in close cooperation with each other. The global crisis, starting in 2008, proved that volatility is higher for the financial markets and the ordinary businesses that have been anticipated before. As the recession started as a financial crisis many people started to blame – amongst others – banks and financial institutions for excessive risk taking and taking short profits ahead of long term sustainable growth. Accordingly the lost confidence in the financial institutions has taken a toll on the reputation of other Finance professionals such as accountants, book keepers, treasury, tax people and others. The finance function’s strategic importance is linked to its ability to help interpreting the business performance and provide transparency. In order to restore the trust the finance profession is now facing one of the biggest challenges of its history, the need to reinvent itself. This paper presents the findings of a recent international research conducted in the United Kingdom, France, Hungary and Poland interviewing 169 executives of the business sector plus the review of 237 job descriptions of finance professionals in order to understand the challenges of the modern finance function. The findings of the study could provide relevant answers and help to overcome a very current problem that Finance is facing today, how to rebuild reputation and to stay a trusted partner and enabler for long term business strategy.

scholarly journals Monitoring and evaluation procedure with LMS Moodle

2021 ◽  
Vol 12 (35) ◽  
pp. 290-302
Author(s):  
Natalia V. Belozertseva ◽  
Olga I. Vaganova ◽  
Irina V. Akimova ◽  
Anna V. Lapshova ◽  
Roman A. Stepanov
Keyword(s):  
Necessary Conditions ◽  
Monitoring And Evaluation ◽  
Electronic System ◽  
Assessment System ◽  
Control Measures ◽  
Evaluation Procedure ◽  
Student Knowledge ◽  
Final Grade ◽  
Modern Methods ◽  
System Methodology

The purpose of the article is to develop recommendations for results processing in Moodle electronic system. Methodology: the authors presented formulas for calculating the reliability of the tests used to verify students' training, the description of what is required for monitoring, the actions of the teacher to perform a quality assessment system. The process of calculating the final grade for the course is presented, which will provide the necessary conditions for conducting student knowledge control. Results: in the process of study, it was concluded that modern methods of processing the data used during the control measures in higher education institutions within the framework of the Moodle system contribute to improving the graduates training.

scholarly journals THE OPPORTUNITIES AND BARRIERS OF BICYCLE EXPORT FROM BANGLADESH: A STUDY ON M & U CYCLES LTD, MEGHNA GROUP

2020 ◽  
Vol 8 (11) ◽  
pp. 42-68
Author(s):  
Md. Ali Ahosan Habib ◽  
Keyword(s):  
Migrant Workers ◽  
Foreign Currency ◽  
Raw Materials ◽  
Economic Recession ◽  
Sustainable Growth ◽  
Infrastructure Development ◽  
Negative Effects ◽  
The World ◽  
The Government ◽  
Foreign Exchanges

The cycle industry, M & U Cycles Ltd is a sister concern of Meghna group was established in 1982 in Gazipur, Dhaka. At Present 600 nos. or above worker works in this M & U Cycles industry. In The Last year from this M & U Cycles industry total 1, 30,000 Pcs bicycle assembled/produced and exported to different countries.The Product of Bicycle which exports from Bangladesh has great opportunities to earn foreign exchanges i.e. foreign currency can be used to develop this country. Now a Days, as per we know the total annual turnover of M & U Cycles Ltd only from export 30 million USD per year .Thats why this is great opportunities by exporting bicycle from Bangladesh.While my study for preparing this internship report it seems to me that particular sector (Bicycles) is very much facing the financial problem. The loan interest rate is too high for the sector to accomplish export processing, and also that sector is very much depended on import of raw materials. It seems to me that M & U Cycles Ltd, is always try to get their sustainable growth in the competitive market. In very recent time the government of Bangladesh has taken some significant decision to face the situation of economic recession. The governments takes a package of Tk 25000-30000 crore in order to priorities protection of the export oriented industries, agricultural growth, employment generation and social security to offset the negative effects of the global economic crisis. They also recommended creation of an export stabilization fund, retention and skill development for returning migrant workers, infrastructure development and simplification and streamliner of rules and procedures to help entrepreneur. According to IMF gradation, Bangladesh ranked as the 48th largest economy in the world in 2008. The economy has grown at the rate of 6.7%. The Bicycles industry sector must be played a very significant role there. In spite of economical recession of the world as well as in the country, M & U Cycles Ltd is one of the participators of earning foreign currency in Bangladesh. In the package are also measures like adoption of effective steps to provide necessary scope and facilities to workers and employees to perform social responsibility by management to fulfill compliance with standards set by the foreign buyers, reducing import dependence through ensuring supply of quality local raw materials in production of Bicycle exports.

Cooperation and Collaboration

2017 ◽  
Author(s):  
Gordon L. Clark ◽  
Ashby H. B. Monk
Keyword(s):  
Organizational Change ◽  
Financial Institutions ◽  
Financial Services ◽  
Financial Services Industry ◽  
Senior Managers ◽  
Changing Environment ◽  
Space And Time ◽  
Services Industry

Chapter 10 explains how and why new modes of cooperation and collaboration between, rather than within, institutions have become important. It summarizes the distinctive attributes of the global financial services industry. Critically, it looks at the value of cooperation and collaboration as a means of giving senior managers opportunities to adapt or extend the capacities of their institutions in a changing environment. This characterization of cooperation and collaboration is applied to the design of investment platforms bringing together financial institutions across space and time to invest in opportunities beyond inherited capabilities and resources. Findings relevant to the literature on organizational change are explored as a way to better understand the nature and shape of global financial services. The limits of cooperation and collaboration are identified with respect to the capacity of senior managers to make commitments on behalf of their organizations.

Italian supreme court ruling on the criteria to apply corporate liability: an overview of the implications for foreign financial institutions operating in Italy

2020 ◽  
Vol 21 (2/3) ◽  
pp. 97-102
Author(s):  
Francesco Falco ◽  
Chiara Arcidiacono
Keyword(s):  
Supreme Court ◽  
Financial Institutions ◽  
Supreme Court Decision ◽  
Control Measures ◽  
Court Decision ◽  
Supreme Court Ruling ◽  
Content Type ◽  
Registered Office ◽  
Potential Risks ◽  
Practical Implications

Purpose To analyze the Italian Supreme Court decision (case no. 11626/2020) and its potential implications for foreign financial institutions operating in Italy. Design/methodology/approach This article provides firstly a brief description of Decree 231/2001 and of its application to financial institutions, then a description of the Italian Supreme Court decision and, lastly, a set of inputs to foreign financial institutions operating in Italy. Findings Following the decision under review, where the further conditions set out in the Decree 231/2001 are met, entities are liable under the same Decree when a relevant offense occurs in Italy – or there is Italian jurisdiction – regardless of their nationality, the localization of their registered office, the place where they predominantly carry out their business or whether there are rules governing the same matter in the State of origin. Practical implications Following the decision under review, foreign financial institutions operating in Italy should adopt and implement the control measures required by the Decree 231/2001 in order to avoid incurring the relevant sanctions. Originality/value This is an analysis of the potential practical implications for foreign financial institutions operating in Italy of a decision issued by the Italian Supreme Court that may also provide useful advice to mitigate the potential risks linked to it.

Tobacco control in China and the road to Healthy China 2030

2020 ◽  
Vol 24 (3) ◽  
pp. 271-277 ◽  
Author(s):  
H. Guo ◽  
G. Quan
Keyword(s):  
Tobacco Control ◽  
Tobacco Use ◽  
Monitoring And Evaluation ◽  
Control Measures ◽  
World Health ◽  
Public Health Perspective ◽  
Media Campaigns ◽  
The Public ◽  
Tobacco Tax ◽  
Health Organization

Healthy China 2030 aims to reduce the adult smoking rate from 27.7% in 2015 to 20% by 2030. Achieving this goal requires a review of the tobacco control measures introduced in China to date, the gaps that remain and the opportunities ahead. In 2008, the World Health Organization introduced six measures to reduce demand for tobacco called MPOWER. The progress China has made in implementing these measure varies: 1) monitor tobacco use and prevention policies. The surveillance on tobacco use has been rigorous, but the monitoring and evaluation of tobacco control policies needs to be strengthened; 2) protect people from tobacco use: pushes for national tobacco control legislation have stalled, but 18 subnational legislations have passed; 3) offer help to quit tobacco use. The accessibility and quality of cessation services needs to be improved; 4) warn about the dangers of tobacco. While there are no pictorial health warnings, tobacco control advocates have launched a series of anti-smoking media campaigns to inform the public; 5) enforce bans on tobacco advertising, promotion, and sponsorship. Legal loopholes and poor enforcement remain challenges; 6) raise taxes on tobacco: cigarettes in China are relatively cheap and increasingly affordable, which demonstrates the need for further tobacco tax increases indexed to inflation and income. China maintains a tobacco monopoly that interferes with tobacco control efforts and fails to regulate tobacco products from the public health perspective. Effective MPOWER measures, which depend upon the removal of tobacco industry interference from policymaking, are key to achieving the goal set by Healthy China 2030.

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