NOVEL THINKING

The book also made me think what kinds of socials businesses my home country, Turkey, could benefit from. In this model, five forces have been identified which play an important part in shaping the market and industry.

The repayments started atter one week ot grace peri od. Yunus, M Yunus Center. For example, he said that their initial plan was to have two working systems by the end of their first year. In the chapter “Growth and Challenges for the Bank of the Poor”, Yunus talks about the challenges that the bank faced during the growth phase. Essay, 8 pages. c. External stakeholders are financiers, government, local community, pressure groups. The government has thus the ability to make sure the bank is profitable and operating. However, the level of power will be dependent on the number of shares one holds. 1.

Pressure groups are NGOs, international institutions, etc. They share the company’s vision and mission and thus have significant influence over clients of the bank. Therefore the government is highly interested with Grameen Bank.

Customers are concerned with interest rates, amount of loan available, payment schedules, ease to understand information, customer service, bank locations, etc. 100% found this document useful (2 votes), 100% found this document useful, Mark this document as useful, 0% found this document not useful, Mark this document as not useful, Save Grameen Bank – a Case Study For Later. It will make sure competition is fair and make sure Grameen Bank benefits the society and doesn’t take advantage of them. However, such a situation is very rare as the offering made by the firm is way too valuable to the customer. How about receiving a customized one? The directors and managers are mainly interested in salaries, share options, job satisfaction, status, and social welfare. On the other hand the employees and bank officers are mainly concerned with salaries & wages, job security, job satisfaction, and motivation.

Therefore the government is a key player and its needs are to be satisfied. The book consists of short and well written chapters and it is filled with ideas and insights accompanied by examples that illustrate them. She had to barrow twenty-two cents from the middlemen to buy the raw materials she needed to make the stools. STEP 6: Porter’s Five Forces/ Strategic Analysis Of The Muhammad Yunus And The Grameen Bank Case Study: To analyze the structure of a company and its corporate strategy, Porter’s five forces model is used. I think the fact that they adapted and learned from their mistakes played a big role in Grameen Banks success. Yunus founded the Grameen Bank in Bangladesh in 1983 with the hopes of helping poor people escape from poverty by providing them loans which no other bank would. (Yunus, Yunus Center, 2011)(Biography. 4.9 Boosta Ltd - 10 Kyriakou Matsi, Liliana building, office 203, 1082, Nicosia, Cyprus. The social bank aim to first and foremost improve social welfare. It will also use Barclay’s example to illustrate the peculiarities of banking industry functioning.

Therefore, these individuals are key players in the power/interest matrix. In consumer lending, every product is evolving in the same direction as credit cards-toward large, national-scale consolidators replacing local, face-to-face lending. Essay, 6 pages. Suflya was one of the forty-two women who worked all day to make bamboo stools. Conventional banking is based on collateral, Grameen system is collateral- free. org. Loans are approved based on the customer’s financial track record.

This was a problem for the bank because people stopped paying back the bank when a natural disaster hit. New York: Persus Books Group.

Yunus decided to have the loan period last one year, with weekly payments.

So if the local community is unhappy with the business, they can boycott their offering. By continuing we’ll assume you board with our, Analysis of Commercial Bank Operation and Regulation-Case Study on Dhaka Bank Limited, How to secure financing as a small business owner, How to Make a Business Plan for Any Business, 7 Crucial Macro Environment Factors to Include in Your Analysis, Macro Environment Examples in the Real World.

They all fit into a stakeholder group that we can dub as departments and hierarchy in the bank. This structure and Yunus’s plans changed as the business grew. I found the examples from Yunus’s experiences very insightful and nteresting. (Yunus, Banker to the Poor, 1997).

That evolution has happened in credit cards. To deal with this situation Grameen Bank lent the poor more money to start up again. Passion is a characteristic that we have seen in many of the entrepreneurs in the case studies we discussed in class. This case study paper will analyze the economics of Barclays, one of the largest financial providers in the UK and in the world. Connected stakeholders are shareholders and customers. It got me really rainstorming about possible social businesses and I started to think about how satisfactory and enjoyable would be to start a social business to help people. It supports education through scholarships and student loans and encourages members to abide by a set of sixteen rules which are for the benefit of the society.

Chances are they will be unwilling to do something that would anger NGOs and international institutions.

Yunus’s Grameen Bank project provided me with a whole new perspective to starting a business. Get Your Custom Essay on Grameen Bank: A Social Enterprise Case Study Just from $13,9/Page Get custom paper. Grameen Bank starts with the belief that credit should be accepted as a human right, and builds a system where one who does not possess anything gets the highest priority in getting a loan.

Jyske Bank had been considered as a typical Danish bank, which is prudent, conservative, well managed and undifferentiated till the late 1990s.

It’s well under way in auto finance, mortgages, and home equity. As Grameen Bank has rate of 1% on default its cash flows and financial health are healthy. These are concerned with Grameen Bank’s cash flows and financial health. Yunus said that he was “walking blind” and learning as he went.

(2020, Jun 02). Yunus also started with daily repayments which ended up not working. When our group went to Convergent Dental for our video case, we asked the CEO of he company, Mike Cataldo, how they deal with the uncertainty.

It was started in 1976 as a project and, transformed into an independent bank in October 1983.

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