✍ Scribed by Roxana Wright; Philip Vos Fellman
No coin nor oath required. For personal study only.
The dynamic financial environment of Central and Eastern Europe allows for a clear determination of “best practices” in the banking industry through analysis of common patterns in banking and finance. We explain the specific practices that have led to successful adaptation on the part of international banks like ABN AMRO in Romania and to Romanian financial markets.
In general, we have found, through a series of case studies designed to assess best practices, that the best performing strategies are those which are based upon “distributed decision making,” allowing for decisive action and rapid organizational learning at the local level. In order for rapid organizational learning to take place, efficient business relationships are critical to the firm's functioning. In addition, the firm must develop a substantial diversity in both its internal and external networks. © 2007 Wiley Periodicals, Inc.
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