This clearly shows that strategy, through different conceptualizations like innovation, quality management and corporate social responsibility have been found to be related with competitive advantage. These are the major obstacles for implementing IT in Lebanese banks.
Remember, it is your job to tell your customer about new and exciting things within your industry, not the other way around. On the other hand it is costlier for the bank itself also because it has to recruit six to seven people to handle small job like payment of cheque.
It specifically addresses what the organization has in stock that will achieve advantage in the competitive market.
It is the main strategy of detecting relevant literature review and how information is obtained from the primary study16, This notable disparity in the conceptualization and operationalization of competitive advantage, more specifically in the narrow context of banking sector, motivated this study.
Planning the review phase is essential in achieving an unbiased result. The central bank is expecting that about ATM machines will be installed in Lebanon by the year They also respond very actively in the marketplace in introducing new products and services.
Banks are expected to be well-capitalized and imbibe restricted lending culture to avail the much needed sustainable growth and development 34. They are not afraid of computers and technology; they embrace them. All the financial transactions are customized by the system.
From the non-financial measure perspective, competitive advantage is defined as the innovative ideas and creative product development process of the organisation 7919 - This clearly shows that strategy, through different conceptualizations like innovation, quality management and corporate social responsibility have been found to be related with competitive advantage.
In this regard, past related studies are sought and collated. In order to stay successful and competitive, you must change and grow along with your industry. Remember, it is your job to tell your customer about new and exciting things within your industry, not the other way around.
Convenience is doing their banking when they want, and where they want. Notably, in studies that investigated competitive advantage using non-financial measures, it is investigated as moderator, mediator or antecedent variable to the actualization of organization performance.
In these studies, competitive advantage is investigated as the dependent variable i. Most banks have adopted ready made packages for their internal operations.
Anything less, and you will have lost the competitive edge you worked so hard to create. This has also an effect on the reliability of the services already implemented like ATMs. Once some new and viable technology enters your industry, be sure to grab it because most likely your competitors will.
According to the recovery plan developed by CDR the telecommunications rehabilitation plan will be completed by the year Firstly it increases the accuracy.
This study has two-pronged contributions; first, it presents a broad view of competitive advantage as an organization c on st r uc t an d i t s m e as ur i ng d im en s io ns i n r e la t io n sh i p w i th i ts role in a conceptual model. Things can happen that force government to react, and this can greatly affect your business.
Articles that are not related to the defined themes are excluded from the collation. On another hand, competitive advantage is seen as a performance construct which shows a phenomenon of organizational progress.
With IT excess number of staff are laid off which would further reduce the cost of operation.The Challenges of Creating Sustainable Competitive Advantage in the Banking Industry in Kenya Dorothy Mghoi Mnjala Masters Student, Jomo Kenyatta University of Agriculture and Technology Abstract: Players in the banking sector have experienced increased competition over the last few years resulting.
PDF | On Mar 15,Emad Ali Kasasbeh and others published Factors Influencing Competitive Advantage in Banking Sector: A Systematic Literature Review. Intervention Measuring dimensions of competitive advantage and its antecedent factors in the banking sector Comparison Compare between: C Financial and non-financial measuring dimensions of.
Competitive Advantage In The Banking Industry. Print Reference this. Published: 23rd March, Last Edited: Esser () reported some of the advantages of online banking to the customers.
The findings were: service delivery in the banking sector. According to the findings of this research ". So the UK government can make use of Porter's theory of a 'diamond set of national influences' which helps them to protect the competitive advantage of the financial services.
And by taking into account the following five steps to provide competitive advantage for financial sector. Mar 21, · Competitive Advantage of Information technology in banking sector of Nepal Case: Competitive Advantage of Information technology in banking sector of Nepal (Special focus on Bank of Kathmandu & Rastriya Banijiya Bank) There came various advantages after implementing IT in the banking industry.Download