An overview of the Bank of Maldives

An overview of the Bank of Maldives On 23rd May 1982, Bank of Maldives was registered (Company Registry No. C-22/1982) with Ministry of Home Affairs as a company. On 10 November 1982 BML was registered at Maldives Monetary Authority and was given license to provide banking business in the Maldives. Joint venture with IFCI Bank of Maldives Plc was inaugurated on November 11, 1982 and started commercial operation as a joint venture bank with 60% shares held by the Government of the Maldives (including its Agencies and Maldivian Companies) and 40% shares owned by International Finance Investment Company Limited (later IFIC Bank Limited), Dhaka, Bangladesh. Until 31st December 1992, the Bank was managed by the professionals of IFIC Bank Limited and they were paid 10% of the Banks profit. During the tenth year of the Bank, the Government of Maldives decided to re-structure the Bank of Maldives as such requested the IFIC Bank Ltd to reduce the share holding and also the number of representation in the Board. Consequently IFIC Bank Ltd decided to dispose off its entire shares in the Bank of Maldives and terminate its relations with the Bank with the expiry of the Management Contract on December 31, 1992. Bank of Maldives Become Public Limited Company On 14 November 1992, Government of Maldives purchased 40 per cent shares held by IFIC Bank Ltd. As a result, 80 per cent of the share capital of the Bank of Maldives was owned by the Government while the remaining 20 per cent of the share capital was sold equally to the State Trading Organization and Maldives Transport and Contracting Company respectively. Company Shares In December 1992, the Government decided, to sell Banks shares to the general public, with a view to expand the Banks capital. From January 1, 1993, Bank of Maldives Plc has become, and since then remained, a bank fully owned by the people and the Government of the Maldives. The Bank of Maldives Plc issued shares during 1993, 1994, 1995, 1996, 1997, 1998 and 2007. In 2007, Memorandum and Articles of Association of the bank was revised, shares were split and bonus shares were given to the existing shareholders. As a result the authorised caiptal of the bank was increased from Rf 300 million to Rf 800 million. The face value of BML shares stand at Rf 50/-. Bank of Maldives Branches Presently the Bank of Maldives Plc has 25 branches. Three out of 25 branches are in Male, the capital, 01 in Male International Airport (Hulhule Island) and 01 each in both Villingili ward and Hulhumale. The other branches are distributed amongst the atolls of the country, each with a designated command area. Hence, the Bank of Maldives Plc is able to serve the whole nation. Strategies for businesses The main business of the Bank is retail banking in addition to handling development banking activities in all the atolls of the Republic, Bank of Maldives PLC extends a variety of modern banking services online in a fully computerized environment and is proud to be serving  the nation as the leading bank in the Maldives. A business strategy is a pattern of decision and actions that are taken by the business to achieve its objectives. Business planning involves deciding what is to be done, setting objectives and developing polices to achieve them. There is a number of stages involve in the planning process. These include Identifying the objectives Analalysing the positions of the business Deciding on suitable strategy Implementing a suitable strategy Evaluating its effectiveness Strategic Planning Process Mission We will lead the way through quality of service and dedication of our staff. We will serve all our communities to the best of our ability, strive always to listen to your needs and so build total customer confidence and satisfaction Vision To be the leader in the financial industry in Maldives, spreading its presence in all key economic geographies in Maldives To be the leader in the financial industry in Maldives, inculcating a long term saving culture in the nation and promoting a cashless society To be one of the most Efficient, Profitable and Respected financial institutions in Maldives. Values Strategic analysis This is all about the analysing the strength of businesses position and understanding the important external factors that may influence that position. The process of Strategic Analysis can be assisted by a number of tools, including: SWOT Analysis: a useful summary technique for summarising the key issues arising from an assessment of a businesses internal position and external environmental influences. PEST Analysis: a technique for understanding the environment in which a business operates Scenario Planning: a technique that builds various plausible views of possible futures for a business Five Forces Analysis: a technique for identifying the forces which affect the level of competition in an industry Market Segmentation: a technique which seeks to identify similarities and differences between groups of customers or users Directional Policy Matrix: a technique which summarises the competitive strength of a businesses operations in specific markets Competitor Analysis: a wide range of techniques and analysis that seeks to summarise a businesses overall competitive position Critical Success Factor Analysis: a technique to identify those areas in which a business must outperform the competition in order to succeed SWOT Analysis A SWOT (Strengths, Weaknesses, Opportunities, and Threats) is a tool used to provide a general or detailed snapshot of a Companies health. Think of your SWOT as a tune-up that every business needs periodically to diagnose and fix whats a bit worn, whats on the verge of breaking down, or whats already broken and needs replacementso that you can keep the business humming-even better than it has in the past. Strength Financial stability and bank is well capitalised and this has enabled it to perform relatively well Highest market shares Government helps since it has their share power Most effective recruitment and selection process Awarded for 3 years about their customer satisfaction methods. Easy transections for its customers Updated technology Nations most trusted company with the highest transections Oldest bank in the market and well branded in the country Weakness Less number of employees to deal with their daily transections and customers problems. Limited dollar providing Difficult to get loans compare to their competitors Opportunities Since they have got a good financial stability they can expand their business to other islands Sell more shares to the public market. It will increase their customers and also will be able to have a better capital to provide a good service To deal with their daily transections and to get experience from developed banks like Swiss bank they can ask from the government talk about it with them. Threats Recently have stopped providing any types of card to the customers Economic crises Competitors The strengths of the company can be assessed as companys resources and also the company capabilities which can be used as a root to achieve its objectives and goals and also for developing a competitive advantage. Maintain the strength and try to readuse the weakness such as Forgn currency prob PESTLE It is very important that an organization considers its environment before beginning the marketing process. In fact, environmental analysis should be continuous and feed all aspects of planning. Political In Maldives government doesnt influence most of the business. But Bank of Maldives is a government company so they take decisions according to their political decisions. Most of the business in this country are private business. Government helps to their business to carry it with the highest level they can and to expend it. However they have recently announced that they will make new rules to the tertiary sector business. Economical After the tsunami the country is developing rapidly their business and starting new business. In the market they have got so many new competitors like HSBC and Bank of Ceylon. Most of the people still trusts Bank of Maldives because of being the oldest Bank in the country and also its under the control of government. Most of the transection are done in the capital city. So economically they will face much troubles from their business. Because HSBC can be a competitor who will be able to get market share. They have the best dollar providing service. When looking in to the people perspective, most of the people have bank accounts. And all most all the people are aware about the modern world. Business cycle Social Maldives economy is based on about the social could be their spending is higher and less saving. This way happens mostly with the youngsters. Everything for them is fun and enjoying. And each every of them has their own bank account. Thats why it increase the bank transection. Technological Business operates with new technology à ¢Ã¢â€š ¬Ã‚ ¦ Organizational hierarchy Technology is vital to gain competitive advantage, and is a major driver of globalization. Changes in technology have also become mainly weighty in the post-millennium world. This is particularly true in terms of modern communication technologies. The creation of databases and electronic communications have enabled huge quantities of information to be shared and quickly distributed in a modern company enabling vast cost reductions, and often improvements in service and product. Organizations need to be aware of the latest relevant technologies for their business and due to high competition in the market. The most important changes brought by the human in the 21st century were the Technology. The technology has brought the people together with the best, comfortable and convenient life. Also technology is one of the biggest issues in modern world. Bank of Maldives use the latest technology to serve its customers Porters Fives Forces Supplier : Having a good pricing strategy and a good customer care will enhance Bank of Maldives to catch up the marker easily and maximize the profit. BCG Matrix Directional policy Matrix GE Matrix Market force and Bank of Maldives Communication Human Resource Of the organization Hirchy of company

Model of cultures Essay

Organizational culture and national culture: The case of multinational companies: ZARA (outline) Defining concepts: What Is organizational culture? A system of shared meaning held by members that distinguishes the organization from other organizations. (Organizational Behavior, p. 546) Do organizations have uniform cultures? (Ibid, p. 548) Dominant culture and subculture How the culture ofa country influences the culture ofa business? Geert Hofstede identifies four cultural dimensions that can have a profound impact on the business nvironment: Individual level: individualism/collectivism Organizational level: power distance Occupational level: uncertainty avoidance Gender level: masculinity/femininity (Hofstede, Geert, Cultures and Organizations: Software ot the Mind, 3rd ed, New York, McGraw-Hill, 2010, p. 25). Organizational culture communication – media and social sharing Norms National culture Values social Behaviour The individual values of a country predict organizational culture and consumer behaviour (Hofstede) National culture cannot necessarily be used to predict rganizational culture and consumer behaviour The case of multinational company: ZARA Found by Inditex – ZARA present in 86 countries, a network of 1,770 stores (Inditex, http://www. nditex. com/en/who_we_are/concepts/zara) High standards – company culture is highly decentralized and flexible High standards – company culture is highly decentralized and flexible Workers organized in teams – positive results Competitions among teams continuous feedback ( ZARA: culture, http:mashlonworldwlde. wlklspaces. com/ Culture) Innovation and flexlblllty 200 persons In design team 82,8% of workers are women Satisfy customers’ needs from dfferent cultures and backgrounds – Store managers report the demands of customers and the sales trends to the headquarters on a daily basis Awareness of corporate responsibility: Social dimension. environmental dimension. product health and safety Marketing – Zara decided to move towards a geocentric orientation, allowing the company to adopt in some cases local solutions rather than merely replicate the OF2 nome mar et. K Lara sells a largely nomogeneous product Tor a glooal market (Havlan and Polo, 2000). Moreover, there are some adjustments in its marketing mix because of the customer’s size differences in Asian countries (Monllor, 2001), laws issued that require the availability of clothes for youth in all sizes in Buenos Aires (La Opinion de La Coruna, 2006), cultural differences in Arab countries where some clothes cannot be sold, and a different season in the other part of the world (Euromonitor, 2002a).

Ophelias madness

Also, Aphelia cannot express herself the way the men around her can, reserving he r to a alone of emotions, which, in addition to being left stranded after the men in her life essentially disappear, bursts into her ultimate insanity. Every person with influence in Aphelion's life are men: Polonium, her father, Hamlet, her lover, and Alerter, her brother. These are the people who most o f the time dictate her decisions for her. In the first scene of the play involving Aphelia, h err lines are not many in number or lengthy by any means.This is because Polonium an d Alerter spend the bulk of the scene instructing her. Both men discourage her from try gusting Hamlet's love. Alerter says, â€Å"His greatness weighed, his will is not his own. For he himself is subject to his birth. † (1. 3. 1718) Alerter is saying that Hamlet cannot be devoted to her because his focus has to be on Denmark as the heir to the thro one. He also tells her to protect her virginity, which is a very author itative statement a ND possibly an uncomfortable command to receive from your brother.Polonium in the as me scene after Alerter leaves forbids Aphelia from seeing Hamlet again, telling her Ha melt may walk with a â€Å"larger tether†(125) than she, meaning her standards are stricter t Han his ND that she cannot partake in his lifestyle. It is now impossible for Aphelia to remain obedient to her father and be true to her love, Hamlet. In act 3, Aphelia prove s this by lying to Hamlet about her fathers whereabouts in a spy trap Claudia and POI onus set up with her. Hamlet recognizes he is under surveillance and ultimately tells O aphelia he is cutting her off.Aphelia loses her lover Hamlet because of the decision to b e obedient to Polonium, which ironically, is a similar obedience Hamlet has for his own fat her. Being a woman, Aphelia is held to a different standard than the men around err which doesn't allow her to express herself the way they can based on emotion n. Hamlet p lays insanity in a tactic to eventually get revenge, while Alerter storms the ca steel on motives to avenge his fathers death. Aphelia, however, must remain relatively passive.The rejection of her lover and murder of her father causes insurmountable fee lings of anger, stress, and frustration, and with no avenue for these feelings to escape , she must keep them boiling inside. Eventually, she starts taking these inner fruits actions and sorrows out on herself. Upon ACTA, both Hamlet and Aphelia are fatherless FRR ruder, but these similar circumstances do not call for similar reactions. It woo old be absurd for Aphelia to seek revenge as Hamlet has for the his father. This is La rater's role as he declares, â€Å"only I'll be revenged most thoroughly for my father. (4. 5. 135136). Being a man, avenging his father is expected, while Aphelion's expectations ARQ Eire her to remain static on the case even though her feelings for her father are just a s intense as her brother. At this po int with the return of Alerter, Aphelia has already boiled over into insanity. Being habituated to the non independent lifestyle subject to the com ands of he men around her, she is at a loss when that authority has essentially Addis appeared. Her father is dead, her brother is away at school, and Hamlet is being export d to England for killing Polonium.Hijacked of this independence, Aphelia inevitably is led to her own destruction with no turning back. Up to this point Aphelia was reserve deed, only speaking few lines, and mainly those lines were in response to a man. After being instructed to stay away from Hamlet in act 1, she simply responds to end the scene, â€Å"I shall obey, my lord . 4. 136). After her madness ensued, she almost seems lie berated from her reserves, and leads the stage. In Act 4, she is the focus of the stage I n scene 5. She sings without embarrassment, says what she is thinking and feels, and everyone listens to her. Unfortunately, though everyone is list ening, they are not under standing what she is expressing, only associating her songs and words with her madden Additionally, Aphelion's madness can be last traced, but not limited to, the dead h of her father. Most of her songs of madness refer to her father, like in act 4, s cone 5, † Sings. Larded with sweet flowers, which between to the grave did go with truelove meaning she has been crying over the death Of her father . In one Eng Aphelia refers to Hamlet saying, â€Å"Quota she, before you tumbled me, you promised me to wed. Meaning Hamlet promised to marry her if she came to bed with him, but the following few lines, â€Å"So would I ha' done, by yonder sun, an thou heads not come to my bed. â€Å"(4. 5. 6265) show Hamlets deceitful double standard where he says he would've married her if she wouldn't have come to his bed. Accustomed to the precept that she must be fully obedient to her father polo anus, Aphelia is torn when he commands her to stay away from her love r, Hamlet. This inner strife erodes her mind because she cannot express these conflicting emotion to anyone.Instead, because of the differences between an honorable lady and a upstanding man of this time period, Aphelia is expected to remain neutral on the events in her life, even after her father is murdered by Hamlet, whom she once loved . Being habituated to the men in her life commanding most of her decisions, Aphelia IS non path of ruin when these men essentially disappear (Polonium her father is dead d, Alerter her brother is overseas, and Hamlet is on his way to England). Accordingly, the e bottled feelings inside her having no reserve any longer, release out all at once, cause Eng her omelet fundamental change and obvious insanity.Had Aphelia disobeyed her father and given herself to her lover Hamlet, her fathers death may have never coco red, for Hamlet was driven into blinding anger when he was betrayed by her, losing the e last person he had to trust. Though a minor chara cter, Aphelion's impact is a pope rueful one. Her madness was inevitable and reflective of the situation women of her time were often in, being subject to the male dominance which prevailed. Equality amongst m en and women is important, for a double standard is an impossible one to operate WI thin whilst maintaining a healthy sanity.

GARFIELD Surname Meaning and Family History

Garfield is a surname thought to have originated as a habitational name for someone from a lost or unidentified place, from  the Old English gar, meaning triangular land, and feld, meaning open country or field. Other possible origins of the Garfield name include the Saxon garwian, meaning to prepare, or the German and Dutch gar, meaning dressed, prepared or a field or place furnished for an army. Surname Origin: English Alternate Surname Spellings:  GARFELD, GARFEELD Where Is the Garfield Surname Most Common? According to  WorldNames PublicProfiler, Garfield is most commonly found in the United Kingdom, with a large number of individuals with the surname living in the West Midlands. In the United States, the Garfield surname is most common in Utah, followed by Vermont, New Hampshire, Montana, Massachusetts and New Mexico. Forebears  identify the Garfield last name in England as being most common in Worcestershire (551st most common last name), followed by Huntingdonshire, Northamptonshire, and Warwickshire. In the United States, Garfield is most common in Utah, Montana, Vermont, New Hampshire, Massachusetts, Nevada, and Maine. Interestingly, the Garfield surname is also fairly common in Jamaica and Taiwan. Famous People with the GARFIELD  Surname James A. Garfield  - 20th president of the United StatesAndrew Garfield  -  American actorHenry Garfield  - birth name of American artist and musician Henry RollinsJason Garfield - juggler; founder of the World Juggling FederationRichard Garfield - creator of the game Magic: The GatheringEugene Garfield - American scientist Genealogy Resources for the Surname GARFIELD Meanings of Common English  SurnamesUncover the meaning of your English  last name with this free guide to the meanings and origins of common English surnames. Garfield  Family Crest - Its Not What You ThinkContrary to what you may hear, there is no such thing as a Garfield  family crest or coat of arms for the Garfield surname.  Coats of arms are granted to individuals, not families, and may rightfully be used only by the uninterrupted male-line descendants of the person to whom the coat of arms was originally granted. GARFIELD  Family Genealogy ForumThis free message board is focused on descendants of Garfield  ancestors around the world. Search or browse the archives to find messages related to your Garfield ancestry, or join the group to post your own Garfield query. FamilySearch - GARFIELD  GenealogyExplore over 100,000  results from digitized  historical records and lineage-linked family trees related to the Garfield surname on this free website hosted by the Church of Jesus Christ of Latter-day Saints. GARFIELD  Surname Mailing ListA free mailing list is available for researchers of the Garfield  surname and its variations includes subscription details and a searchable archive of past messages. GeneaNet - Garfield  RecordsGeneaNet includes archival records, family trees, and other resources for individuals with the Garfield  surname, with a concentration on records and families from France and other European countries. The Garfield  Genealogy and Family Tree PageBrowse genealogy records and links to genealogical and historical records for individuals with the Garfield  surname from the website of Genealogy Today. Ancestry of James Garfield, 20th U.S. PresidentExplore the ancestry of President Garfield, including his ancestors, descendants, and famous kin. References: Surname Meanings Origins Cottle, Basil.  Penguin Dictionary of Surnames. Baltimore, MD: Penguin Books, 1967. Dorward, David.  Scottish Surnames. Collins Celtic (Pocket edition), 1998. Fucilla, Joseph.  Our Italian Surnames. Genealogical Publishing Company, 2003. Hanks, Patrick, and Flavia Hodges.  A Dictionary of Surnames. Oxford University Press, 1989. Hanks, Patrick.  Dictionary of American Family Names. Oxford University Press, 2003. Reaney, P.H.  A Dictionary of English Surnames. Oxford University Press, 1997. Smith, Elsdon C.  American Surnames. Genealogical Publishing Company, 1997.