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Commercial Bank Executive Team Characteristics and the Relationship between Diversity of Choice

Author: WuJian
Tutor: YangDan
School: Southwestern University of Finance and Economics
Course: Business management
Keywords: Senior Management Team Background characteristics Bank of Mixing
CLC: F272.92
Type: Master's thesis
Year: 2011
Downloads: 80
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Abstract


Since Hambrick made in1984after a high-level ladder theory, for the leader’s personal characteristics and the relationship between corporate strategic decision-making has begun to attract academic research to the attention, wait for the personal characteristics of managers gradually developed from the beginning of the personal qualities of leadership began to evolve into a whole team of executives to study the change in direction is the development of the world economic situation has a direct relationship, after90s of last century, economic globalization and the gradual the rise of a large number of Western companies began a strategy of internationalization, that is, at this stage, Western companies began to gradually improve the governance structure, the functions of company owners and managers to further clarify and improve the corporate governance structure begins to form. The21st century, with the economic and technological development, coupled with the further development of globalization, increasing competition in the market, accompanied by the increasing uncertainty in decision-making, so in such an uncertain business environment, develop the right development strategy is particularly important for the development of enterprises. The individual decision-making model used to rely on the advent of globalization has increasingly been challenged, and economic globalization have become increasingly demanding high-level managers, while a single individual can not meet this need, so the corporate decision-making began to rely more on the collective wisdom of the entire management team.In a country still in the countries with economies in transition, as the market economy has not fully established, especially a lot of state-owned enterprises are the government leaders are appointed, the company’s top leaders are often the things the company has the absolute words Right, so my research for the executive team started late, as China’s market economy, improving, more and more diversified business enterprise attention, so the research strategy for the business gradually increased, followed by is for the executives of the research has gradually warming trend, but the current domestic research mainly focuses on the personal aspects of leadership, as China gradually improve the corporate governance structure, the role of the management team gradually highlighted, compared Study abroad has long been in the focus shifted to the study of the leadership team, our research in this area is also slightly behind. Many industries in China coupled with the critical period is currently in transition, in this particular context, leaders lack the personal ability of the management team needs to make up. Therefore, the senior management team and business relationship between diversification strategy should be selected as a point worthy of attention.According to China’s WTO accession agreement, from December11,2006之后, the country of protection for the financial industry have ended, China’s banking official accession to the WTO, to participate in the fierce international competition, compared with foreign financial giants, China financial sector is still at an initial stage and faces competition from foreign enemies, our government has recognized the seriousness of the situation, early start, stripping a few State-owned commercial banks of bad assets, and adopted a series of measures to promote bank development, making China’s banking industry to move forward with ease, and better cope with international competition. After the accession to the WTO, China’s full liberalization of the financial market gradually, increasing competition, new products are emerging, the profitability of traditional banking business but also with the loss of monopoly lost past glories, a large number of financial companies must look for new profit growth point. As the situation changes, the bank’s senior managers more and more pressure there is, they face increased uncertainty in decision-making, and how, under the uncertain market environment to make the right strategic decision, to ensure that enterprises get competitive advantage, this time the power of a single person becomes stretched, the collective wisdom of the entire management team is particularly important at this time. The overall quality of the executive team for the development of enterprises has played a pivotal role. Purpose of this paper is to background characteristics of top management team’s strategic decision-making and business relationships between diversity and strive to provide for the development of China’s banking industry proposal for reference.

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CLC: > Economic > Economic planning and management > Enterprise economy > Enterprise planning and management decision - making > Corporate Administration > Personnel Management
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