Lcb Case Study

Case Application:

Lebanese Canadian Bank: Managing through 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. View 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 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. $ deuce billions). It maintained this outstanding performance by relying on its subjective resources, at a time when growth in the welkin 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 date in money laundering and drug trafficking. The bank account a 63 % increase in net avail of the last year to U.S. $ 52 million.

iv. Discussion Questions:
A. Mr.



Hamdoun is a fine-looking advocate of efficiency. How might principles of scientific management be helpful to LCB?

Scientific Management is an approach that involving using the scientific system to determine the one best way for a theorise to be done. Since the beginning of 2001, LCB 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 based on efficiency by investing a meaning(a) amount 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, edict it on our website: Orderessay



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