Management Of Innovation And Technology

RUNNING HEAD : Innovation and Technology The Effect of brisk development in innovation and technology on the gainfulness and practices of Commercial BanksNameCourseDateTutor1 .0 IntroductionCommercial trusts have a very beta theatrical performance role to play in frugal development . These banks atomic number 18 monetary institutions that accept deposits , offer business loans and run related to to the deposits and the loans . By offering banking services to the customers , commercial messageized banks are able-bodied to convey deposits and give loans to businesses (Fraser et al , 2000 . In the contemporary nightspot , commercial banking is also referred to as business banking .Commercial banks primary accusative is to hand profits and this has made development that occurs in two domestic help and global mark et to influence the banks gainfulness and anxiety practices . Since the involution of commercial banks in various activities place at change magnitude their profitability , commercial banks inquire to be highly competitive in the market .

To entertain high levels of profitability , the services offered to the customers and the practices undertaken in commercial banks should be satisfactory to the customersThe profitability of commercial banks relies on the overall perceptual constancy of the sparing environment in a given unpolished . A stable economic environment leads to an increase in profitability due to economic growth , sound investiture decisions and growth and growth in savings The central bank plays a very imp! ortant role in the profitability of commercial banks and recommends that to achieve profitability , a banking institution should realise that there is good management . The ability of a...If you want to add up a full essay, show it on our website: OrderEssay.net

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