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bus 499 mod 3 slp. The financial perspective: Rajhi Bank (bus499mod3slp)

Research Paper Instructions:
See attachmendt for details. business is:Rajhi Bank Module_3slp.docx bus499mod1slp.doc Module 3 - SLP The Internal Business Process Perspective For Module 3, consider the organization's mission and strategy from the perspective of its internal business processes (from your work on the case, your previous course work, and your background reading, you should be reasonably clear what such business processes are). In this section of the assignment you'll begin to identify objectives and measures relevant to that perspective. Refer back to this presentation on objectives if you need to. Assignment Expectations: Once you're reasonably clear on what's involved, think about your organization and its business processes, and then: Identify at least three objectives for improving the organization's internal business processes, and show how they relate to the mission, vision and strategy of the organization. - For each objective, develop at least one meaningful performance measure (metric). - For each objective, identify at least one expected level of performance (target). - For each objective, identify at least one new action or program that needs to be developed to ensure successful implementation of the organization's strategy (initiative). - Comment briefly on the relationships of the process objectives that you've identified here to the finance objectives that you identified in the Module 1 SLP assignment and/or the customer service objectives that you identified in the Module 2 SLP assignment. How do they help to fulfill those objectives? If they don't (and they don't have to), what makes them more important than objectives that would relate to finance or customer service? - Finally, do you wish to make any changes to your Module 1 or Module 2 objective write-ups in light of your Module 3 experience? Here's a table that you may wish to copy and fill in (the boxes are expandable - take all the space you need to be complete in your descriptions. No more than 2-3 pages should be necessary.) Objective Measure Target Action Relationships to other objectives Revisions (if any) to Module 1 and/or Module 2 Objectives Objective/Module Measure Target Action ============================
Research Paper Sample Content Preview:

SESSION LONG PROJECT: MODULE 3
The financial perspective: Rajhi Bank
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16 June 2011
Session Long Project: Module 3
The Rajhi Bank also known as the Al-Rajhi Bank is considered to one of the world’s largest Islamic bank in the Middle East, it is a major investor in the Saudi Arabia and the entire Middle East business world. The bank is headquartered in Riyadh and it also has six regional offices and in other different parts of the world including Malaysia and 55 other branches in different locations in the world.
As any other organization the Rajhi Bank, the company has it own mission, vision and strategy which is implemented in order for the company to achieve it sets goals and objectives. This ensures that the company is ranked as the most outstanding organizations in the banking sector in the Middle East region (Al Mal Capital, 2009).
The Rajhi Bank has at several times been ranked as the “best bank in Saudi Arabia” for instance most recently in the year 2006. This was as a result of its well laid foundation that has helped the bank move up its ranks to the point of becoming the best bank (Al Rajhi Bank, 2011).
The Vision of the bank that has helped the bank achieve this award is “Being a trusted leader delivering innovative financial solutions to enhance quality of life everywhere”. The Mission of the bank is “To be most successful bank admired for its innovative service, people, and technology and Sharia compliant products, both locally and internationally” (Berger & Humphrey, 1997).
For the bank to achieve its Vision and Mission, it has some strategies that will help it achieve its set mission and vision, the strategy that the company has put in place in order to ensure that it succeeds. This is when it concentrates on integrity & transparency, modesty, Giving back to the society, and meritocracy amongst other basic strategies that will ensure that the bank is liked by its customers. At the same time it has a close relationship with customers and the society living around it (Paris, 2008).
Objectives for improving the organization internal business processes and the relevance to the organization mission, vision and strategy
The main objective of an organization is to maximize the profits and become the most successful organization in its respective line of business; an objective is a statement that tends to identify the suspected outcome of a given action and this will be very essential in business. The objective of Rajhi Bank is to achieve financial objective, improve its Operating environment, Marketing, Profitability and Positioning of risk.
The Rajhi Bank can be able to improve its business processes so ...
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