Always aiming for more efficiency
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Always aiming for more efficiency
shireen Fri Nov 06, 2009 10:15 am
A shift in the business model requires different higher skills, targeted to achieve greater efficiency in production or service delivery systems. Most of the productivity studies related to the American industry and especially those concerning the banking sector have relied upon the parametric econometric techniques that are most suitable for sector level or industry level analysis and formulation of policies.
The business economics framework analysis of the efficiency parameter for the various Decision Support Systems (DSS) in a business organization is not an easy task. The main objective is to analyze the efficiency of the banking system in the US. In this respect certain names like rod aycox of the LoanMax fame stand apart from the rest mainly due to the innovative approaches undertaken.
The globalization of the financial sector has gained additional momentum as a result of the liberalization programmes undertaken by various countries. This has enhanced the economic links between these markets and hence deepened the integration of the various financial institutions. As a result, these financial institutions today face a fast paced, dynamic and a competitive environment at a global scale.
However, within such a competitive environment, financial institutions are forced to examine their performance because their survival in the dynamic economics of twenty-first century will be dependent upon their productive efficiencies. Hence, in response to such a situation, the banking firms have been trying to adopt and adjust themselves to improve their productive efficiencies in the changing social and economic environment.
Never before in the history of banking in the United States, has the banks and other financial institutions faced such a difficult situation. Even the Great Depression of the late 1920s has not played havoc on the system. In the era of globalization, no country can afford to stay away from the developments in another country. Thus the crisis in the American economy is likely to have a major say in the national incomes of other countries.
The business economics framework analysis of the efficiency parameter for the various Decision Support Systems (DSS) in a business organization is not an easy task. The main objective is to analyze the efficiency of the banking system in the US. In this respect certain names like rod aycox of the LoanMax fame stand apart from the rest mainly due to the innovative approaches undertaken.
The globalization of the financial sector has gained additional momentum as a result of the liberalization programmes undertaken by various countries. This has enhanced the economic links between these markets and hence deepened the integration of the various financial institutions. As a result, these financial institutions today face a fast paced, dynamic and a competitive environment at a global scale.
However, within such a competitive environment, financial institutions are forced to examine their performance because their survival in the dynamic economics of twenty-first century will be dependent upon their productive efficiencies. Hence, in response to such a situation, the banking firms have been trying to adopt and adjust themselves to improve their productive efficiencies in the changing social and economic environment.
Never before in the history of banking in the United States, has the banks and other financial institutions faced such a difficult situation. Even the Great Depression of the late 1920s has not played havoc on the system. In the era of globalization, no country can afford to stay away from the developments in another country. Thus the crisis in the American economy is likely to have a major say in the national incomes of other countries.
shireen- Posts : 1
Join date : 2009-11-06
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