Nobody downloaded yet

Organisational Culture of the Grameen Bank - Coursework Example

Comments (1) Cite this document
In the paper “Organisational Culture of the Grameen Bank” the author discusses a new banking practice of Grameen Bank, which is also known as the bank for the poor people. It removed the required collateral system based upon the foundation of mutual trust…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Organisational Culture of the Grameen Bank
Read TextPreview

Extract of sample "Organisational Culture of the Grameen Bank"

Download file to see previous pages Grameen Bank is one of such banks which stand apart from any other banks, not just for its banking service, but also for the service it provides to the nation. Muhammad Yunus is the person who is to be credited for coming up with such a unique concept of Grameen Bank in Bangladesh that started in the year of 1976. He believed that credit is a human right, and everyone should be allowed to receive the facility of loans and just for the reason, an individual is poor he or she should not be deprived of getting credit facility from the banks (PBS, 2011). He prepared a methodology and institution focused on the circumstances and needs of the people who are very poor. The government of Bangladesh took an initiative of changing this project into an independent bank through the help of government legislation in the year 1983 (Grameen Bank, 2011). Mohammad Yunus was rewarded with Noble Prize in the year 2006 for his effort of struggling against the poverty by enabling poor people with credit facility through the medium of Grameen Bank. This was a noble cause indeed, as no individual has ever thought of coming up with ideas for poor people. Grameen Bank has achieved quite a success in alleviating poverty from the country, Bangladesh, over the past decades. Unlike others, he thought that Charity is not a right initiative towards solving poverty, so the Grameen Bank was formed. The Grameen Bank has adopted certain initiatives for encouraging the poor to use their under or unutilized skills by providing them with small collateral-free loans. The Grameen Bank has been successful in incorporating group-based lendings, obligatory savings and insurance systems, facility of repayment rescheduling in the time of disasters, and encouraging similar other schemes that have proved to be effective in minimizing both material and behavioral risks of lending (Khandker, 1996). Grameen Bank has been well-organized in terms of designing its programmes, most of which were for the betterment of the poor people and female members. One of the reasons behind its success as a rural financial intermediary is its subsidy dependency. It is renowned for its reliability even outside Bangladesh and its impact on the poor and the women is incredible. Its mission stands as to help the poor families along with special attention upon female members to overcome poverty, by themselves. It is entirely targeted to the poor, mainly towards poor women, empowering poor female members has become their one of the main motives (Grameen Bank, 2011). The culture of the organization mostly emphasizes on empowering the poor women. It is believed that if the lady of the house is empowered, the house itself is empowered. They provide various supports and initiatives in encouraging the women to earn their livelihood through microfinance. This paper deals with the organizational culture of the Grameen Bank with regards to microfinance and impact of those initiatives on the women (Strong, 2007). Organisational Culture Organisational culture is a process of shared beliefs, values, assumptions, and customs of the members of an organization. In general terms, it can be said that it is the reflection of the working environment and members’ perceptions towards the organization. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Organisational Culture of the Grameen Bank Coursework”, n.d.)
Retrieved de
(Organisational Culture of the Grameen Bank Coursework)
“Organisational Culture of the Grameen Bank Coursework”, n.d.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
forrest65 added comment 1 year ago
Student rated this paper as
Wonderful work done on the %topic%. I think it is the best text I have seen so far.

CHECK THESE SAMPLES OF Organisational Culture of the Grameen Bank

Organisational Culture

...?Running Head: Organisational Culture Organisational Culture [Institute’s Organisational Culture Introduction When a recruit enters the first time into the boot camp of US Marine corps, the drill instructors and others put in all their energy to teach them the “Marine Way”. During the first few weeks of the training in Marine Corps, all the training attempts are focused at psychologically stripping down the recruits, ensuring that they “unlearn” their previous knowledge, tools, approaches, and methods and deconstruct their personality and thinking styles so that they could think in the “Marine Way”. Within a few weeks, these recruits...
14 Pages(3500 words)Essay

Significance of organisational culture

... Significance of organisational culture Introduction The term ‘organisational culture’ has been defined differently by different professionals and academicians but everyone seems to be agreed that it refers to a system of shared values by the members of an organisation. The term ‘shared values’ consists of beliefs, assumptions, values, norms, etc which integrate the members of an organisation, at the same time differentiate an organisation with other organisations. It can be said that the culture of an orgnisation reflects its personality. In the last 25 years the concept of...
12 Pages(3000 words)Essay

Organisational Culture At Disneyland

...responsibilities with respect to their on-staging roles. After that their performance should be monitored and evaluated and constant feedback should be provided. Bibliography BRYMAN, A. (1999). The Disneyization of Society.Sociological Review. 47, 25-47. CRISPIN DALE, & NEIL ROBINSON. (2001). The theming of tourism education: a three-domain approach. International Journal of Contemporary Hospitality Management. 13, 30-35. KUENZ, J. (1995). Inside the mouse: Work and play at Disney World : The project on Disney. Durham, N.C., Duke University Press. MORRIS, J. A., & FELDMAN, D. C. (1996). The Dimensions, Antecedents, and Consequences of Emotional Labor.Academy of Management Review. 21, 986-1010. VAN MAANEN, J. (1991). The Smile Factory:...
5 Pages(1250 words)Essay

Formative assignment - Organisational Culture

...? Formative Assignment - Organisational Culture Table of Contents Table of Contents 2 Executive Summary 3 Introduction 4 Literature Review 4 Data Collection Methods 5 Findings and Discussion 6 References 7 Appendix 8 Executive Summary In this age of competitiveness, Empire Ltd developed a sustainable position in the market due to its high quality of hand-made and contemporary tiles. Being a small sized organization, Empire Ltd became able to create a well-known brand image and reputation for its products within the minds of the customers. Due to such reason, in spite of being established in the year 2012, it attained a substantial portion of market share and brand recognition among other rival players of...
4 Pages(1000 words)Essay

Applying innovation idea of Grameen Phone(Grameen Bank Project) in the new geographical location (Perhaps Kazakhstan)

...? APPLYING INNOVATION IDEA OF GRAMEEN PHONE IN A NEW GEOGRAPHICAL LOCATION (KAZAKHSTAN) The Grameen Group is a set-up of approximately 30 organizations associated with the Bangladesh Grameen Bank. This consortium was started in 1983 with the formation of the Grameen Bank1. Social business structure as business innovation model: This business innovation concept is presently drawing much attention from scholars and gives the impression that it is beneficial in offering leadership as how to form social businesses. Nevertheless, despite the ever-increasing works on the business innovation model, there is no compromise as to its characterization. An exhaustive...
9 Pages(2250 words)Research Paper

Organisational Culture

...ORGANISATIONAL CULTURE WITHIN THE EAST NEASDEN DIETORY DEPARTMENT This paper will attempt to recognize the complexity, dynamics, fiction and fantasy around the management issues and organizational change problems inside East Neasden Dietary Department. This case study was about the efficiency in a unit of a district health authority, and it can be seen that the organization was more like a big family and therefore possesses a kind of family culture. This was before the organizational change that will be discussed in this report. INTRODUCTION It has been said that organizations are built to be immortal and to survive beyond the individuals who initiated the...
3 Pages(750 words)Essay

Organisational Culture world is constantly changing and organizations have to find ways through which they can change with the times in order to maximize their returns. The organization’s culture must make it possible for company to be adaptable to change that might benefit it. This means that organizations have to have cultures that allow them to take risks. The organizations themselves have to have strong mechanisms to allow for the creation of change from within. Organisations which have cultures that encourage flexibility also have effective systems that convert change to success and the ability to satisfy their customers (Martin, 2002). Denison’s model also includes mission as a...
4 Pages(1000 words)Essay

Grameen Bank

...Grameen Bank History and political science February 20, Grameen Bank How do the Grameen Bank and other micro-credit institutions meet peoples’ needs in a way that others often does not? Like other micro-credit institutions, the Grameen bank focuses on micro-financing which is not done by private banks. The Grameen Bank is a bank for the poor. It was established in 1976 by professor Yunus in order to help poor people because he wanted to unleash the people from loan sharks. It differs from other banks since most of its borrowers are women and Grameen bank’s web said that it has a 100% recovery from them. As of October 2011, the bank has 8.449 million borrowers with 2.565 branches in Bangladesh.(Introduction) . The bank said... that it...
2 Pages(500 words)Assignment

Organisational Culture and Leadership

...Organisational Culture and Leadership Introduction In any organization, there is a set of values and beliefs that are highly regarded by the employees and management. These beliefs are held for long since employees adapt them after joining the organization. The leadership of any organization has to keep a keen eye on organizational culture such that they can adjust the leadership behaviour accordingly. When organizational leadership integrates organizational culture, the strategy for accomplishing organization’s mission is adjusted and this influences the job satisfaction level of the employees. Furthermore, the employees make intense contribution to collaboration and...
4 Pages(1000 words)Essay

Organisational Culture

...for entrepreneurs (Knight & Kim 2009)(Griffith et al. 2008). The competition has begun to have a decisive influence on the strategic planning, organisational culture and management both in the large corporations and in other small companies that have previously relied on the local markets (Ghemawat 2003). Corporations are now largely involved in establishing their place in international business environment either directly or indirectly. The increasing need for globalization and exploration of international business has led many companies in the world to allocate more resources to cross-cultural management (Doz 2011) (Kedia & Englis 2011). The nature of culture and its...
5 Pages(1250 words)Research Proposal
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Organisational Culture of the Grameen Bank for FREE!

Contact Us