Open AccessHow to Determine the Influencing Cultural Factors on the Strategic Decision-Making Process in the Banking Sector?
Author(s) -
Nizar Raissi,
Anas Hakeem
Publication year - 2017
Publication title -
journal of management and strategy
Language(s) - English
Resource type - Journals
eISSN - 1923-3973
pISSN - 1923-3965
DOI - 10.5430/jms.v8n1p37
Subject(s) - rationality , structural equation modeling , value (mathematics) , business , process (computing) , psychology , marketing , knowledge management , social psychology , political science , computer science , law , machine learning , operating system
This article studies the cross-cultural management research on the value and strategies adopted by bank managers while making banking decisions. Although, the study relied on testing causal relationships hypothesised in the research framework of multiple independent and intervening variables. To achieve this, a Structural Equation Modelling technique, was used to analyse the data collected from the survey of 200 respondents from 15 banking institutions. The findings show that the knowledge of bank managers is positively associated with the speed of the SDMP and participation. Likewise, the speed of decision making (SDM) is positively associated with the beliefs, attitudes and values of the top management team. Finally, the laws as a determinant of culture are positively associated to SDM and the degree of rationality.