CHANGE MANAGEMENT OF BANKING SYSTEM AT NATIONAL LEVEL BY RASTIN BANKING
KNOWLEDGE MANAGEMENT, EMPOWERMENT, PRUNE AND GRAFT, AND APPRENTICESHIP
DOI:
https://doi.org/10.32770/rbaos.vol157-70Keywords:
change management, knowledge management (km), prune and graft, apprenticeship, empowerment, rastin bankingAbstract
The purpose of this study is to change huge structures such as the banking sector of a country needs special innovative methods. This paper shows how we can manage change in a banking sector of a country. Grafting novel efficient processes, and pruning old inefficient ones, and harmonising the organization with new processes and empowering the staff through apprenticeship and knowledge management can put forward the change management. The proposed method of “Prune and Graft of Process” similar to grafting a shoot or bud of a sweet-fruited tree to a bitter-fruited base tree is significant in change management. Accordingly, new processes should be grafted to the system, and all processes that are theoretically or practically against the goals of the organisation should be pruned. New processes and innovations could automatically change the bank performance. Apprenticeship and knowledge management are highly effective in all stages of forming and implementing the change. This plan was formed and tested in Bank Melli Iran in order to propose a model for other banks as well. In a view to explain the applied method of change management in the banking system, we study the steps that Rastin Banking was formed in Bank Melli Iran as a sample. Efficient changes and reforms of large organizations can prevent the society from enormous hurts.
Downloads
References
Accounting and Auditing Organisation for Islamic Financial Institutions (2008). Governance Standard No. 7: Corporate Social Responsibility Conduct and Disclosure for Islamic Financial Institutions.
Alvani, M. (2016). General management. 53rd ed. Tehran, Persia: Nei.
Bidabad, B. (2004, September). Economic-juristic analysis of usury in consumption and investment loans and contemporary jurisprudence shortages in exploring legislator commandments. The 2nd International Islamic Banking Conference. Symposium conducted at Monash University of Malaysia, Malaysia. Reprinted in: National Interest, Journal of the Center for Strategic Research, 2(1), 72-90, winter 2006, Tehran, Iran.
Bidabad, B. (2005, November). Non-Usury Bank Corporation (NUBankCo), The Solution to Islamic banking. The 3rd International Islamic Banking and Finance Conference. Symposium conducted at the Monash University, KL, Malaysia.
Bidabad, B. (2014a). Rastin Banking: New Operational Islamic Banking System Volume One Theoretical Foundations. LAP LAMBERT Academic Publishing.
Bidabad, B. (2014b). New Operational Islamic Banking System, Volume Two, Applicational Issues. Düsseldorf, Geman: LAP Lambert Academic Publishing, OmniScriptum GmbH & Co. KG.
Bidabad, B., Abdollahi, S., & Sherafati, M. (2017a). Enforcement of the purports of binding banking documents in Rastin Banking–part I. International Journal of Law and Management, 59(1), 52-65.
Bidabad, B., Abdollahi, S., & Sherafati, M. (2017b). Enforcement of the purports of binding banking documents in Rastin Banking–Part II. International Journal of Law and Management, 59(2), 178-191.
Bidabad, B., Azarang A., Saeed A., Mahmoud A., Eskandar P., Maryam H., Alireza S., & Mohammad. A. P. (2012a). Draft of Rastin Banking Bill, Bank Melli Iran.
Bidabad, B., Azarang A., Saeed A., Mahmoud A., Eskandar P., Maryam H., Alireza S., & Mohammad. A. P. (2012b). Draft of Rastin Banking Bill, Bank Melli Iran.
Buckingham, M., & Clifton, D. O. (2001). Now, discover your strengths. Russia: Gallup Press.
Clarke, T. (Ed.). (2004). Theories of Corporate Governance: The Philosophical Foundations of Corporate Governance. London and New York: Routledge.
Collins, J. (2001a). Good to Great: Why some companies Make the leap and others Don't. Harper Business.
Collins, J. (2001b, January). Level 5 leadership: The triumph of humility and fierce resolve. Harvard Business Review.
Conger, J. A. & Kanugo, R., N. (2005). The empowerment process: Integrating theory and practice. Academy of management review, 13(3), 471-482.
Flynn, A. E. (2004). Knowledge management process: the care and feeding of knowledge workers. 89th Annual International Supply Management Conference. Philadelphia, PA.
Fox, J. (2006). Employee empowerment: an apprenticeship model. Barney University of Hartford.
Koontz, H. & Heinz W. (1990). Essentials of Management. NY, USA: McGraw-Hill College.
Mirsepasi, N. (1996). Human resource management and labor management (15th ed.). Persian, Iran: Ghazvin.
Oxford Dictionary. Retrieved from http://www.oxforddictionaries.com/definition/ english/ ethics.
Parkinson, C. N., Rustomji, M. K., & Sapre, S. A. (2009). Great ideas in management. Child, Henry and Page.
Rastin Banking documents. Retrieved from http://www.bidabad.com
Retrieved from http://www.ism.ws/files/Pubs/Proceedings/CBFlynn.pdf.
Robbins, S. (2005). Organisational behavior (11th ed.). Prentice Hall.
Serenko, A., Bontis, N., Booker, L., Sadeddin, K., & Hardie, T. (2010). A scientometric analysis of knowledge management and intellectual capital academic literature (1994-2008). Journal of knowledge management, 14(1), 3-23. http://dx.doi.org/10.1108/ 13673271011015534
Whetten, D. A. & Cameron, K. S. (1991). Developing, Management Skills (2nd ed.). New York, USA: Harper Collins Publishers Inc.
Published
How to Cite
Issue
Section
Copyright (c) 2019 Bijan Bidabad
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Review of Behavioral Aspect in Organizations and Society is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License
