Creating a Single Market for Banking Institutions in EU Coursework - 1

Creating a Single Market for Banking Institutions in EU - Coursework Example Theories promote the use of market in achieving economic and monetary union. It is assumed that the stages of the union eliminate achievement of previous stages and that gradual achievement of the new stages adds common elements. The monetary policy is centralized by the ECB (European central bank) the European Union has attempted different approaches to economic integration in the banking institutions. The approaches leave the fiscal policy instruments to the disposal of the governments of European Union member states. The decision that resulted from discrepancies in economic development made it possible for policy makers to react to changes in the economic trend within various stages of the business cycle. The aim of minimizing the discrepancies in economic development is one purpose for the EU and a condition to deepen integration processes (Bradley 2014). The EuropeanCommissionn presented a proposal of methods that member states of the EU could use to support the real economy while enhancing confidence. The methods support the economic and social integration. The aim was to ensure that the banking institution attain smart growth throughthe development of knowledge based on innovations and sustainable growth that supports initiatives for low emission economy. The aim was also to attain inclusive growth that facilitates social inclusion and support of the economy. Inclusive growth is characterized by high employment levels and the economic, social, and territorial cohesion is ensured (Quaglia 2013). The economic crisis madethe preparation of new regulatory frameworks a necessity to increase stability within the financial sector. The EU took a step in restructuring the banking sector so that its long-term profitability could be restored to ensurethe functioning of credit activities.  

Culture & Growth stages of Organizations Research Paper

Culture & Growth stages of Organizations - Research Paper Example The ethical and moral values of the people employed by the organization, their social background and their religious values define the culture of an organization. According to Schein (1992), organizational culture is determined by the shared assumptions and beliefs about the world, human nature and human relationships. Organizational culture includes the procedures, leadership styles, individuality, language and symbols used in the organization. The culture of an organization is shaped by values, beliefs and underlying assumption of the personnel of an organization. Values are the factors that represent the outlook of the culture of an organization. Values and beliefs of the people are prominent factors that are shaped by the underlying assumptions of the people. Underlying assumptions are the response of the environment in which the organization exists and these are unconsciously accepted by the people. The culture of an organization may be an obstacle in the way of achieving the mi ssion of the organization. If the mission of an organization and the culture of the organization are conflicting in nature, it might be difficult for the organization to achieve its objectives successfully. An organization must have complete support of the personnel in the organization in order to ensure successful implementation of the strategies set out by the organization to achieve its objectives. ... Leaders may use the style of communication in order to emphasize the need for change in the culture of an organization. Emotional outbursts also have positive impacts in case of bringing a change in the culture of an organization. In order to send a message to the personnel of an organization regarding a thing that is not important, a leader may choose to give no attention to that particular thing. In this manner, the perception of the organizational personnel regarding that thing would change and it would gradually be eliminated from the organization. A change in the culture of an organization can also be brought by the way the leader responds to the crisis. In the stages of growth of the organization, there are a number of things that require significant changes within an organization. An organization needs to acclimatize with its external environment. If the external environment of an organization changes the organization would also have to change. If the organization remains pers istent and does not bring any change, the organization would become vulnerable to a crisis. In this case, a leader plays an important role. In order to ensure that the change is supported throughout the organization, the leader might need to exaggerate the effect that the crisis might have on the organization. In such scenario, the leader may act as a savior and take some rigorous steps that have the potential to bring a change in the organization that would not have been possible otherwise. In order to tackle the change that must be brought in the culture of an organization at the time of growth in the organization, the leaders can bring the change by acting as a role model for others. Leaders can communicate their expectations through their own