Reengineering – Revolution in the Management of Cooperative Banks
AbstractIn this article, the authors intends to underline the major problem for cooperative banks is that they entered the 21st century with entities devised in the 19th century to function in the 20th. The strict regimenting of power relations within the framework of the hierarchical management of cooperative banks, the formalism of the constituting act’s structure, as well as the assignment of responsibilities to each employee based on official documents render the organisational structure of cooperative banks obsolete, bureaucratic and utterly devoid of capacity for innovation. The intensification of competition, the demanding nature of customers, as well as the acceleration of the above-mentioned trends make it necessary to devise new organisation patterns, and the place of classic, bureaucratic structures is being taken by flexible structures.
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Bibliographic InfoArticle provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.
Volume (Year): 5 (2013)
Issue (Month): 1 (March)
Cooperative banks; cooperative banks; profitability; reegineering; flexible structures;
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