Stability to profitability: managing interdependencies to meet a new environment

Article Abstract:

An analysis of the transformation of Italy-based Credit Itallano (Credit) from a government-owned financial institution to a private entity revealed the importance of management control systems (MCSs) in the management of both internal and external interdependencies. Credit's privatization, which involved not only a change into a different competitive environment but a redefinition of the financial market as well, also highlighted the vital role played by the bank's management in the successful transition. The decision's made by Credit's chief executive officer at that crucial junction in the bank's history illustrates the value of a manager in an institutionalized environment in providing the needed strategies in the implementation of MCSs.

Management Theory & Techniques, Methods, Italy, Management, Financial services industry, Financial services, Business planning, Privatization, Privatization (Business), Credito Itallano

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Islamic law meets western finance

Article Abstract:

Toronto, Canada hosted the first Islamic banking conference in May 1995 to address the special needs of the 500,000 Muslims in the country as well as other investors who want to conduct business with institutions that follow Islamic ethical guidelines. Islamic law and conventional banking and investment have conflicting provisions, especially those pertaining to interest charges and investment in businesses engaged in alcohol, gambling, pornography and others.

Social aspects, Banking industry, Canada, Conferences, meetings and seminars, Services, Muslims

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Innovation strategy, process and performance in the commercial banking industry

Article Abstract:

The interrelationships between new product strategy, process and performance in the commercial banking industry is analyzed.

Services development, Innovations, Company service development, Service development

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