Managing Change

INTRODUCTION In a rapidly changing world, Management plays a strategic role in ensuring the adequacy and the adaptability of the organization to its multiplex environment. Networking capabilities will not be realized and fully utilize unless the networks fit the existing organization culture. The Development Bank of Mauritius is a specialized financial institution whose role is to facilitate industrial, uncouth and economic development in Mauritius. It initially concentrated on providing support to spur the consolidation and diversification of the agricultural sector. later on independence, the Bank came forward with an array of new loan schemes aimed at providing financial support geared towards the structural transformation of the island. With the challenges arising from globalization and increasing trade liberalization, the Bank has evolved new instruments to support investors in their need for funds in order to modernize and consolidate their respective sectors with particular attention to the field of Information and converse Technology and offshore. Privatized since January 1989, the DBM is today a well-established financial institution. DBM is making a transition from being a development bank to a commercial bank in an increasingly competitive banking environment.

It sees engineering science as an enabler and wanted a solution that could enhance its flexibility, elation and customer responsiveness. Just as a model is as good as its assumptions, today a banking strategy is solo as good as its technological infrastructure. That is why we selected FLEXCUBE. It has been a global market leader for the last four historic period and i-flex solutions has a reputation for reliability and excellent support. That other banks in Mauritius are using the solution successfully also gave us confidence, says B.Chooramun, Managing Director, Development Bank of Mauritius. MOTIVATING CHANGE -Creating readiness for deviate The concept of change is not a new one. Indeed... If you want to get a full essay, order it on our website: Orderessay

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