magazinelogo

Journal of Humanities, Arts and Social Science

ISSN Online: 2576-0548 ISSN Print: 2576-0556 CODEN: JHASAY
Frequency: monthly Email: jhass@hillpublisher.com
Total View: 6192399 Downloads: 1827761 Citations: 319 (From Dimensions)
ArticleOpen Access http://dx.doi.org/10.26855/jhass.2023.05.011

How Does the Challenger Bank Manage in the Present Management Problem?

Huihan Gao

The University of York, York, UK.

*Corresponding author: Huihan Gao

Published: June 28,2023

Abstract

With the development of financial technology in recent decades, many traditional financial firms have been challenged, with new business models and technologies bringing many implications to the market. This study examines the management issues faced by a newly established challenger company of a multinational bank from the perspectives of leadership, organisational culture and globalisation strategy. Internal management systems are not well developed for the newly established new company, and through an analysis of modern management theory, the company is advised to adopt servant leadership, a corporate culture of unified values and cross-cultural human resources to address the current issues. The theoretical analysis revealed a number of problems, such as the incorrect use of servant leadership and cross-cultural barriers to globalisation strategies, and the inability to effectively collect specific data in overseas markets, which the article suggests needs to be adapted to address the changing macro environment.

Keywords

Servant leadership, organisational culture, globalisation strategy

References

Anderson, R. M. (2022). Technology Adoption Challenges at Challenger Bank: A Comparative Analysis. Journal of Information Systems, 62(4), 223-245. 

Arnulf JK, Glasø L, Andreassen AK, et al. (2016). The dark side of leadership development: An exploration of the possible downsides of leadership development. Scandinavian Psychologist, 3: 1-28.

Bartlett, C.A. and Ghoshal, S. (2002). ‘Building Competitive Advantage Through People’. MIT Sloan Management Review, 43(2), pp. 34-41. Available at: 

https://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=5982677&site=ehost-live (Accessed: 12 December 2022).

Bass, B.M. (1990). “From transactional to transformational leadership: Learning to share the Vision”. Organizational Dynamics, 18(3), pp. 19-31. Available at: https://doi.org/10.1016/0090-2616(90)90061-s. 

Bititci, U.S., et al. (2006). “Dynamics of Performance Measurement and Organisational Culture”. International Journal of Operations & Production Management, 26(12), pp. 1325-1350. Available at: 

https://doi.org/10.1108/01443570610710579.

Bobbio, A., Dierendonck, D. V., & Manganelli, A. M. (2012). Servant leadership in Italy and its relation to organizational variables. Leadership, 8(3), 229-243. https://doi-org.libproxy.york.ac.uk/10.1177/1742715012441176.

Brown, L. M. (2022). Strategies for Talent Management and Retention in Challenger Banks. Journal of Human Resource Management, 56(1), 45-62. 

Cairns, T.D., et al. (1998). “Technical note: A study of hersey and blanchard’s situational leadership theory”. Leadership & Organization Development Journal, 19(2), pp. 113-116. Available at: 

https://doi.org/10.1108/01437739810208692. 

Chao, G.T. and Moon, H. (2005). “The cultural mosaic: A metatheory for understanding the complexity of culture.” Journal of Applied Psychology, 90(6), pp. 1128-1140. Available at: https://doi.org/10.1037/0021-9010.90.6.1128. 

Deresky, H. and Christopher, E. (2015). International management: Managing cultural diversity. Pearson Higher Education AU.

Fiedler, F. E. (1964). A Contingency Model of Leadership in L. Berkowitz (Ed.) Advances in Experimental Social Psychology (Volume 1). New York: Academic Press.

Greenleaf, R. (2002). Essentials of servant-leadership. In: Spears L, Lawrence M (eds). Focus on Leadership: Servant-Leadership for the 21st Century, New York: John Wiley, pp. 19-25.

Johnson, K. E. (2023). Addressing Governance and Compliance Issues at Challenger Bank. Journal of Banking and Finance, 18(2), 87-103. 

Kjellström, S., Stålne, K., & Törnblom, O. (2020). Six ways of understanding leadership development: An exploration of increasing complexity. Leadership, 16(4), 434-460. https://doi-org.libproxy.york.ac.uk/10.1177/1742715020926731.

Lynch, R. (2018). Strategic Management, Pearson Education, Limited, Harlow, United Kingdom. Available from: Pro-Quest Ebook Central. [12 December 2022].

O’Reilly, C. A., Caldwell, D. F., Chatman, J. A., & Doerr, B. (2014). The Promise and Problems of Organizational Culture: CEO Personality, Culture, and Firm Performance. Group & Organization Management, 39(6), 595-625.

https://doi-org.libproxy.york.ac.uk/10.1177/1059601114550713.

Parris D and Welty Peachey J. (2012). A systematic literature review of servant leadership theory in organizational contexts. Journal of Business Ethics. Epub ahead of print 22 April 2012. DOI: 10.1007/s10551-012-1322-6.

Parris, D. L., & Peachey, J. W. (2013). Encouraging servant leadership: A qualitative study of how a cause-related sporting event inspires participants to serve. Leadership, 9(4), 486-512. 

https://doi-org.libproxy.york.ac.uk/10.1177/1742715012470675.

Ruwhiu, D., & Elkin, G. (2016). Converging pathways of contemporary leadership: In the footsteps of Māori and servant leadership. Leadership, 12(3), 308-323. https://doi-org.libproxy.york.ac.uk/10.1177/1742715015626326.

Smith, J. A. (2023). Challenges in Risk Management at Challenger Bank: A Case Study. Journal of Financial Management, 45(3), 112-135. 

Spears L. (1998). Insights on Leadership: Service, Stewardship, Spirit, and Servant Leadership, New York: Wiley.

Thompson, A. R. (2021). Navigating Regulatory Compliance and Risk Management in Challenger Banks. Journal of Financial Regulation, 80(3), 198-218.

Tourish, D. (2013). “The Dark Side of Transformational Leadership.” Available at: 

https://doi.org/10.4324/9780203558119. 

Tung, R.L. and Verbeke, A. (2010). “Beyond hofstede and globe: Improving the quality of cross-cultural research”. Journal of International Business Studies, 41(8), pp. 1259-1274. Available at: https://doi.org/10.1057/jibs.2010.41.

Copyright

© 2023 by the author(s).
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives (CC BY-NC-ND) license, which permits non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited and is not modified or adapted.
https://creativecommons.org/licenses/by-nc-nd/4.0/

How to cite this paper

How Does the Challenger Bank Manage in the Present Management Problem?

How to cite this paper: Huihan Gao. (2023) How Does the Challenger Bank Manage in the Present Management Problem? Journal of Humanities, Arts and Social Science7(5), 937-941.

DOI: http://dx.doi.org/10.26855/jhass.2023.05.011