Impacts of Management Practices on Economic Performance of Firms Located in Riyadh Region, Saudi Arabia

Abstract

Management practices employed by a firm can have direct impacts on its economic performance in the market. This research focused on how economic performance of two banks located in the City of Riyadh is affected by their management practices. These two banks were Samba Financial Group and Saudi British Bank. It was realized that management skills applied by an organization would pose direct effects on the economic performance of that firm. Samba Financial Group has designed management practices that are meant to offer customers what they need in the best manner possible. On the other hand, most of the management practices of Saudi British Bank have always been focusing on motivating employees. In both cases, it is clear that the approach taken by the management will have direct impact on a firm’s economic performance.