Modernization practices and Operating Models: An Empirical Study on a Retail Bank in Sri Lanka

Abstract

Purpose: The purpose of this research is to investigate how modernization practices adopt concerning operating models, to comprehend how a retail bank has responded to such transformations, and to investigate the challenges in executing modernization strategies in a Sri Lankan local bank. Research methodology: This study was conducted according to a qualitative single-case study at one leading licensed-commercial bank in Sri Lanka. Data was gathered from semi-structured interviews, direct observations, and archival documents. Results: The findings revealed that unprecedented changes in customer behavior, fierce competition, and capitalizing on capabilities for surviving a dynamic operational landscape were the factors that led a bank to adopt modernization. Limitations: As the study narrowed down to one leading retail bank, it does not cover modernization initiatives offered within the other services portfolio in the banking industry. Contribution: The findings assist professionals to understand the need for modernization of a retail bank’s operating model and thereby formulate strategies in order to capture the benefits of such a transformation. Keywords: 1. Modernization 2. Retail-Bank 3. Institutional Theory 4. Operating System

Factors influencing the environmental accounting disclosure practices for sustainable development: A systematic literature review

“…Finally, 81 samples more appropriate to this study were selected and given equal weight to avoid overreliance or under-reliance on each paper used for narrative analysis under specific dimensions. This narrative analysis helps analyze a large body of literature (Ali et al, 2022;Nijmeijer, Fabbricotti, & Huijsman, 2014;Seneviratne & Gunawardane, 2022;Zahoor et al, 2020) to extract the determinants. An in-depth analysis of the findings was performed to identify the factors to formulate a framework for future studies.…”