Specific Environment in Management - Allied Bank
Here
we discuss about the specific environment in Management with respect to Allied
Bank.
Specific Environment for Allied Bank includes Customers, Suppliers, Competitors and Pressure Group.
Customers (you can also read E-Commerce to know about the difference between Customer and Consumer to better know about these terms).
The
Bank provides many facilities to its customers in order to create customer
value being a Commercial Bank. These services include credit card facility, opening a account, deposit
and withdrawn of cash, credit creation and the most important is ATM facility
and online payment and receipt.
Suppliers
To
provide efficient supply of its resources at lower possible price to the end
customer is ultimate the goal of any bank. The supplies include supply of I.T based
equipment and office related devices. Like other Banks, the strategy is to
create partnership on specific term and conditions so that bank regulate its
daily working tasks.
Competitors
Allied Bank has to compete with other banks like Metrobank, Union Bank, City Bank and other Equitable PCI Bank, and Land
Bank of the Philippines. The bank tries its level best to provide better
performance than its competitors. For this it introduces different credit
scheme and facilities to employees and staff members by providing them
incentives and improve their responsiveness to customers.
Pressure Groups
The
bank faces different special-interest groups that affects their performance favorably
or unfavorably depends on how it takes the pressure of these groups. These
pressure groups are Chartered Accountant Firms or any other related party who
can make check and balance on the
performance of bank financial position and ethical behaviors.
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