Lcb Case Study Essay

Words: 4018
Pages: 17


Since the beginning of 2001, the Lebanese Canadian Bank has worked on strengthening its position in the banking sector by adopting an ambitious five-year business plan aimed at increasing its market share and the volume of its banking activities as well as at improving its net results.

This ambitious strategy was intended to position the Bank among the “Top Ten Banks” operating in Lebanon and this was actually achieved. LCB management took this initiative and monitored its implementation from 2001 through 2007, which contributed to a consistent growth of its total assets from: |
LEBANESE CANADIAN BANKThe Lebanese Canadian Bank (LCB) boasts an extraordinarily long list of
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One example would be during role assignment: you should take that as an opening to provide tips to employees or to share experiences you have gleaned from similar projects.Setting specific expectations and standards is important for this style to work. Make sure you are unambiguous in your communication. Be as detail oriented as possible, and avoid jargon and buzzwords. Clear, short-term goals like “complete four reports each day” are best.As a manager, you must also be able to make decisions on the fly. For example, you may have to tell an employee to switch from one task to another. This will go over more smoothly if you let your employees know at the start of the project that such shuffling may occur. If they’re prepared for it, the transition between tasks is far less disruptive.3. Teamwork StyleManaging by teamwork is the best style if you are trying to expedite a project or optimize processes for completing that project. This style motivates people by pooling their knowledge, and often the results far exceed expectations. Teams may be able to solve problems more quickly than a single person could. If a good give-and-take develops within the team, you may be able to replicate that process with other