Assess Competitive conditions in the banking industry in Saudi Arabia Essay

Assess Competitive conditions in the banking industry in Saudi Arabia - Essay Example udi Arabia, the need to establish and develop a modern banking industry was felt, and as a result the foundations of a full-fledged banking industry was laid in the year 1952 (Homoud, 2011). Keeping in view the significant growth and developments in the banking industry of the country, the question arises that whether the banking industry of Saudi Arabia is competitive enough over the past few years (Royal Embassy of Saudi Arabia, 2014). In this paper, the researcher has made use of the method put forward by Rosse and Panzar (1977) for the measurement of the extent to which competition exists in the banking industry of a country. In this regard, the researcher has presented estimates of the Rosse-Panzar H Statistic by making use of information pertaining to financial performance of selected Saudi Arabian banks. After the introduction section, the report includes a brief review of the banking sector of Saudi Arabia, a discussion of the theory, methodology and data considered in conducting this study, empirical results obtained from analysis of information and conclusions reached thereon. Today, the Saudi Arabian banking industry is regarded as amongst the fastest growing and developing in the world. Apart from the fact that the operating environment in the country for banks is competitive at present, the industry is expected to gain more competency owing to the fast paced technological and regulatory developments in the region and all over the world. The competency, resilience and strength of the Saudi Arabian banking industry is also evident from the fact that during the recent financial crisis, the industry managed to report positive growth figures, and also showed consistency in its growth in lending operations. At present, the Saudi Arabian banking industry is largely run by private sector and therefore capital lent in the country largely moves from the private sector (Homoud, 2011; Almazari & Almuman, 2012). As per the statistics published by the Central

Family Map Project Essay Example | Topics and Well Written Essays - 2500 words

Family Map Project - Essay Example They sometimes represent unbalanced relationships in the family that prevents healthy family dynamics. Connected and cohesive levels of family cohesion represent the â€Å"most functional across the life cycle, in part because they balance separateness and togetherness† (Olson, et.al., 2005). Family flexibility is the â€Å"amount of change that occurs in leadership, role relationships, and relationship rules† (Olson, 2003, as quoted by Olson, et.al., 2005). Flexibility refers to the family’s ability to adapt or to adjust to an event and to deal with changes in the family. Flexibility is also categorized into four levels, which are: rigid, structured, flexible and chaotic. The balanced response to change indicates the degree of a family’s flexibility. A rigid family has an extreme resistance to change and the chaotic family leans so much on change that its stability is placed in jeopardy. The structured and flexible family balances stability and change as and when events take place in the family. â€Å"Families need a basic foundation that gives them stability, but they also need to be open to change when necessary† (Olson, et.al., 2005). In order for a family to become stronger as a unit, it needs to accept the inevitability of change and sti ll maintain its stability despite the changes. The third dimension of the couple and family map model is communication. â€Å"Communication is the grease that smoothes frictions between partners and family members† (Olson, et.al., 2005). Communication allows family members to work through and to work out their problems and issues with each other. It involves listening skills, speaking skills, self-disclosure, clarity, staying on topic, and respect and regard. Listening skills include empathy and giving feedback; it is not just hearing the other person speak, but also listening to what the other person wants to say. Speaking skills