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People management and organisation behaviour dimensions of management in the current Economic and Financial crisis.
- 2. GROUP MEMBERS Omotayo Afolabi Olugbenga Beckley Adjevi Accoh Pramod Bhise Milonashis Das
- 3. PRESENTATION ON People management and organisation behaviour dimensions of management in the current Economic and Financial crisis.
- 4. ECONOMIC AND FINANCIAL CRISIS Also known as credit crunch is a sudden reduction in the availability of loans and other types of credit from banks and capital markets at given interest rates.
- 5. PEOPLE MANAGEMENT People management brings problem to the current economic and financial/banking crisis. All that can be termed as the causes of economic and financial/banking crisis can be categorised under several headings
- 6. ORGANISATION BEHAVIOUR DIMENSIONS OF MANAGEMENT Reckless and excessive risk taking in the financial sector The big bonus culture in the banking industries. Bonus chasing ‘Loan and Mortgage deals’ without concrete consideration of consequences
- 7. CAUSES OF ECONOMICS AND FINANCIAL CRISIS Macroeconomic instability; Deficient supervision; Poor strategies; Weak management; Inadequate control systems; Operational failures; Fraud.
- 8. EFFECT OF ECONOMIC AND FINANCIAL CRISIS (NEGATIVE) Unemployment/poverty Increase in crime rate Reduction in purchase power Inflation Less job security Social unrest Migration of people Discourage investment
- 9. POSITIVE EFFECTS People looking for new careers Encourage the development of multi-skill workers Increase efficiency level of workers More creativity among people Changing professions Judicious use of money
- 10. CONTROL MEASURES Whatever the causes, the authorities need a coherent strategy for addressing such Economic and Financial crisis. Aimed to prevent a repeat of this worst Economic and Financial crisis.
- 11. RECOMENDATIONS New agency to work with the consumer protection office – To take over oversight of mortgages and loans The financial regulatory body should be overhaul From simple home loan to most exotic loan, the government should impose and enforce sweeping new rules.
- 12. UNIVERSAL GROUP THANK YOU ALL ANY QUESTION?