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Task Environment of TMB Bank Public Company Limited
As it was mentioned earlier TMB Bank Public Company Limited is intended to create respectful and trusting relations with the employees. The core factor is well developed corporate strategy that determines inner and outer policies of the bank. Speaking about the task environment in would be essential to note that that the corporate governance of TMB supposes using of the newest technologies to provide efficient work and achieving the set goals and keep on the mission: “To ensure the bank to operate with integrity, transparency, and equitable treatment to all stakeholders, as well as to prevent a conflicts of interest and maintain a good reputation, the Bank has set up a policy on corporate governance of high standard, which fully complies with the good corporate governance principles as issued by all relevant regulators. The policy will be a guideline for directors, executives and staff members to strictly observe so as to enable the Bank to attain the good corporate governance practices” (TMB Bank Public Company Limited, 2009).buy research paper
It was mentioned earlier that TMB Bank Public Company Limited has nearly 500 branches within the country and it goes without saying that that task environment is significantly dependent from the contemporary economic realities of Thailand. As it was mentioned earlier the high level of competing could be now observed on the bank market of Thailand. It is essential that struggling for the client in such facilities predetermines the developmental strategies oriented on the western innovations and technologies. Local banks got to provide appropriate answer to the new financial solutions of the international competitors. That is why high technical equipment, quickness of operating (trusting between employer and employees is very important for this factor) and what is the most important knowledge of the local needs and necessities of the local market (we should take into account that TMB is operating in Thailand for more than 50 years and it significantly influence their awareness of the service demands) are the core strategies TMB Bank Public Company Limited should appeal too. The developmental practice within the contemporary realities of world financial crisis show that the bank is well aware about contemporary situation in the area keeps to its mission and rapidly moves to realization of the core goal of the corporation.
It goes without saying that task environment and relations between the staff and governmental issues are very closely connected and one of the points of the bank mission is development of trustful relations between the governmental issues and employees: “The Bank intends to develop staff’s competencies and skills to optimize benefit of the Bank. Besides, it is committed to build favorable working environment and culture in the organization as well as to ensure good career path and suitable compensation for staff so as to create a team spirit” (TMB Bank Public Company Limited, 2009). Individually oriented strategy and applying it into the corporate logic provides well built task environment that determine benefit to the bank.