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Faysal Bank is a bank based in Pakistan. Faysal Bank Limited was incorporated in Pakistan on October 3, 1994, as a public limited company under the Companies Ordinance, 1984.
3. Vision
To be the bank of first choice with the highest ethical principles
as our guiding force.
4. Mission
We are always striving to build meaningful relationships with our
customers and to become partners in their growth and progress by acting
as financial advisors and financiers. We extend both short and long term
financing facilities designed to fulfil the individual needs of each
corporate customer.
5. Objectives
Prime focus to earn profit by providing values to its customers.
To promote and boost up business sector inside the country.
To provide the employment opportunities in the country.
Provide loan and advances to help out in self-employment.
Like every other organization Faysal bank has it
objectives as well. Some of them are listed
below:
6. Organizational Culture
Organizational culture represents the collective values, beliefs and principles of
organizational members and is a product of such factors as history, product,
market, technology, strategy, type of employees, management style, and
national culture; culture includes the organization's vision, values, norms,
systems, symbols, language, assumptions, environment, location, beliefs, and
habits.
7. Team Work
We function as a team. Within functions, we cooperate. Between functions, we
collaborate. Together, we aim for excellence and leadership in our chosen markets.
Respect
We hold our customers, investors and regulators in high esteem. We uphold our
customers’ rights to demand efficient service. We appreciate and respect our
profession and, above all, our bank.
8. Professionalism
We are proficient and efficient in all that we do. We provide banking services
knowledgeably and skillfully. We uphold regulatory obligations.
Integrity
We are recognized by our reliability, credibility and character. We believe in ethical,
honorable, time-proven principles of uprightness. We stand for and abide by
honesty, truth and transparency.
9. Passion
We bring zeal and enthusiasm for banking to work. We are excited to provide
customers with the best or the best-suited. We go the extra mile in legitimate,
acceptable ways.
Innovation
We pioneer novel and more efficient ways to deliver solutions. We are dedicated to a
culture of improvement and modernization. We stand for originality, in thought, in
action and in belief.
10. Responsiveness
We are receptive to the need for change and improvement. We are proactive and
anticipate our customers’ needs and wants. We act quickly to modify, adjust or
prepare for new realities.
Compassion
Our concern for our colleagues, our customers, our communities, and our country
sets us apart. To each other, we are a family. For each other, we are a meaningful
source of shared humanity.
11. MANAGEMENT
FUNCTIONS
Drawing from a variety of
academic disciplines, and to help
managers respond to the
challenge of creative problem
solving, principles of management
have long been categorized into
the four major functions of
- Planning
- Organizing
- Leading
- Controlling
12. STAKEHOLDERS
Stakeholders are individuals or groups who
have an interest in an organization's ability to
deliver intended results and maintain the
viability of its products and services. In the
development of a firm's mission and vision is a
good place to start, but first, of course, you
must identify critical stakeholders, get a
handle on their short- and long-term interests,
calculate their potential influence on your
strategy, and take into consideration how the
firms strategy might affect the stakeholders
(beneficially or adversely).
13. INTERNAL
STAKEHOLDERS
External stake holders are individuals or
groups outside the business who are
interested in the decisions an organization
makes.
• Industry Associations
• Educational Institutions
• Government
• Communities
• Non-profit organizations
14. O R G A N I Z A T I O N A L D E S I G N
Organizations need to be efficient, flexible, innovative
and caring in order to achieve a sustainable competitive
advantage. Organizational structure can also be
considered as the viewing glass or perspective through
which individuals see their organization and its
environment
In Faysal Bank Bureaucratic structures is implemented.
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15. In Faysal Bank employees are kept motivated in
every possible way for example the best way to
keep an employee motivated is by giving
employee proper reward for their achievement
and by acknowledgment of their work.
Furthermore providing financial security is also
very important especially in an uncertain
environment. Providing opportunities to
socializing and interacting with each other is
another healthy step to keep an employee
motivated.
Motivation of Employees
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16. Faysal bank recruit employees by two basic
means:
Recruitment Process
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Internal Sources
Job Posting
Employees Contact
External Sources
Advertising
Direct Approach
17. An employee go through following phases of
training:
Training Of Employees
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Orinetation
Product Training
Skill Training