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Customer Service & Relationship Management |
Effective risk management in financial services
Implementable & adaptable management practices
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Corprate, management, strategy, operation,
Industry :
Management & Strategy Consulting
Functional Area : Organizational Development |
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About "Implementable & adaptable management practices" topic:
ISO, Six sigma, Lean Management, etc are available. But, did the help to safeguard the Corporations from present world economic condition ( Recession). The companies should adopt appropriate srategies in accodance with their market situation and form their own Operation manuals.
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Tips for Implementing Knowledge Management Systems Identify tacit knowledge first - Many organizations find that identifying their team's tacit knowledge is the biggest hurdle. If you implement a knowledge management system in your department or company, start with a brainstorming session with your team to get their ideas flowing on how to capture this. Start with a small team - It's very easy to get overwhelmed with the amount of knowledge that could be shared. Start with a small group, in one department, and grow from there. This will help you figure out what information you'd like to keep, and how you'd like to organize it. Help staff feel comfortable about sharing knowledge - It might b...
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Ramakrishna Perumal
| Commented
| 3 years ago
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This tips have to be noted by all company management.
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Gargi Sinha
| Commented
| 3 years ago
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Understanding Knowledge management is very important for any manager. Nice article Alka, really very informative. Thanks for sharing...
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Vishal Jindal
| Answered
| 2 years ago
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Management must be considered as a practice. The more you are involved in it, more expert you become. Art comes with practice and science is fiction which can not be tested upon. Practice makes a man perfect is the thing as failed individual can...
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Answer: "Is Management a practice or an art or science?" deleted from your view.
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Saying no is perhaps the most important productivity tool that exists. Saying no is an art. It is also perhaps the most difficult thing to do for most people. I used to dread the occasions where I knew I will have to say no and I used to prepare for such situations for days. Now, I almost look forward to saying no to people and I actually enjoy the process! Find out how the change happened. 1. You are doing everyone a favour by saying no. Whenever you are saying NO to someone, remember that it is for their benefit! By saying no, you are • Giving the person an opportunity to look for someone who can do the job better. • Avoiding negative feelings about the person. 2. Visualize the alternative (to saying no) in vivid detail. • You will feel bad and will curse yourself for accepting the task. • You will do a bad job. • You will hate the person for putting this on to you. • The person will hate you for doing a bad job. • You should not have said yes, if you were not going to do a good...
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In many ways, a manager has to be a leader, so therefore a manager will have many of the traits that a leader does. However, I feel the term 'manager' applies primarily to business, it's in a manager's best interest to lead his co-workers effectively, encouraging them to achieve their goals and targets. In my experience, a leader is more of a social thing; more associated with team work, too. Go to Discussion http://lnkd.in/wUJe5E
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The biggest management challenge in the new millennium of liberalisation and globalization for a business is to serve and maintain good relations with the king-the customer. In the past, producers took their customers for granted because at that time customers were not demanding nor had many alternative sources of supply or suppliers. Since he was a passive customer, the producer dictated terms and had little customer commitment. But today there is a radical transformation. The changing business environment is characterised by economic liberalisation, increasing competition, high consumer choice, enlightened and demanding customer, more emphasis on quality and value of purchase. All these changes have made today's producer shift from traditional marketing to modern marketing. Modern marketing calls for more than developing a product, pricing it, promoting it and making it accessible to target customers. It demands building trust, a binding force and value added relationship with...
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Credit risk management is a very important area for for the banking sector and there are wide prospects of growth and other financial institutions also face problems which are financial in nature. Also, banking professionals have to maintain a balance between the risks and the returns.For a large customer base banks need to have a variety of loan products.If bank lowers the interest rates for the loans it offers, it will suffer In terms of equity, a bank must have substantial amount of capital on its reserve, but not too much that it misses the investment revenue, and not too little that it leads itself to financial instability and to the risk of regulatory non-compliance. Credit risk management is risk assessment that comes in an investment. Risk often comes in investing and in the allocation of capital. The risks must be assessed so as to derive a sound investment decision.And decisions should be made by balancing the risks and returns. Giving loans is a risky affair for bank...
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Hi, friends hope you all doing well in your life.... I'm sharing this information with you all....hope it will be useful... Positive office dynamics add great strength to a business, while strained ones create strife. As a manager , you simply can't afford to leave such an important aspect of the company to chance. There are many ways for managers to bring a team together and foster its ability to work together as a whole. These 10 tips can help unite even the most disparate group of people. 1. Communicate goals clearly Employees look to management for basic company goals. When those goals are not clear, disagreements will erupt as employees try to define goals themselves. By clearly laying out goals, everyone begins in the same place and understands where the business is going. 2. Define responsibilities Offices run best when everyone clearly understands their responsibilities. Provide each employee with a distinct definition of his or her own responsibilities, both...
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