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Harvard Enterprise Faculty is the newest educational establishment to seize the financial institution’s profitable transformation journey in a case research that’s being taught to its MBA college students
HONG KONG SAR – Media OutReach – 27 February 2023 – DBS continues to be studied as a change position mannequin, with Harvard Enterprise Faculty (HBS) being the newest educational establishment to seize the financial institution’s profitable digital transformation journey in a case research.
The DBS case is being taught in HBS’ Grasp of Enterprise Administration (MBA) programme and its govt schooling programs by Professor Ranjay Gulati, Paul R. Lawrence MBA Class of 1942 Professor of Enterprise Administration. Gulati was ranked as one of many prime ten most cited students in Economics and Enterprise over a decade by ISI-Incite. He’s additionally the writer of six bestselling books on technique, organisational effectiveness and management in organisations[1].
Gulati mentioned, “Companies want to rework themselves so as to compete in right now’s fast-changing markets. I used to be inquisitive about finding out how DBS remodeled itself efficiently, and to search out out what they did and the way they executed it. By means of my quite a few conversations with the financial institution’s executives, what got here throughout very strongly have been the digital and purpose-focused components of the transformation and the way these permeated each degree of the organisation. The willingness from the management to useful resource the change enabled a increase of the workforce’s innovation ‘muscular tissues’ to create a startup tradition – fairly a feat for an organisation of 33,000 individuals.”
DBS CEO Piyush Gupta mentioned “Behaving like a startup meant shifting the financial institution’s mindset from that of a mature multinational to at least one that’s extra nimble, extra agile; one which is continually studying, experimenting and innovating on the fly. To impact this transformation at scale, we needed to educate our individuals easy methods to use the instruments of innovation and supply them with alternatives to use these instruments in an setting the place it’s secure to take dangers. This efficient tradition shift created by a programme of ‘tradition by design’ has been instrumental to our success to date, and might be key as we navigate the disruptions in our business going forward.”
The HBS case research was put collectively over a span of 15 months by a sequence of interviews between Gulati and DBS’ management workforce. Study extra concerning the DBS case research at Harvard Enterprise Publishing’s repository right here.
Gupta was additionally interviewed on an episode of Gulati’s latest podcast sequence “Deep Objective” in December 2022. The dialog enhances the case research and properly sums up the event phases of the financial institution, digital transformation, constructing a know-how firm, being customer-centric and Gupta’s management fashion. Each the recording and transcript are accessible right here.
In 2022, DBS was named “World’s Finest Financial institution” by US-based monetary publication World Finance. This makes it the seventh finest financial institution on this planet award it has received prior to now 5 years. DBS was additionally the one Singapore-headquartered firm to be recognised as one of many High 100 Finest Workplaces for Innovators by US-based Quick Firm.
Different establishments which have written case research on DBS embrace INSEAD, the Worldwide Institute for Administration Improvement (IMD), IESE, Singapore Administration College and Nanyang Technological College.
Hashtag: #DBS
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About DBS
DBS is a number one monetary providers group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is within the three key Asian axes of development: Higher China, Southeast Asia and South Asia. The financial institution’s “AA-” and “Aa1” credit score rankings are among the many highest on this planet.
Recognised for its international management, DBS has been named “
World’s Finest Financial institution” by World Finance, “ World’s Finest Financial institution” by Euromoney and “ World Financial institution of the 12 months” by The Banker. The financial institution is on the forefront of leveraging digital know-how to form the way forward for banking, having been named “ World’s Finest Digital Financial institution” by Euromoney and the world’s “ Most Progressive in Digital Banking” by The Banker. As well as, DBS has been accorded the “ Most secure Financial institution in Asia” award by World Finance for 14 consecutive years from 2009 to 2022.
DBS supplies a full vary of providers in shopper, SME and company banking. As a financial institution born and bred in Asia, DBS understands the intricacies of doing enterprise within the area’s most dynamic markets. DBS is dedicated to constructing lasting relationships with clients, because it banks the Asian method. By means of the DBS Basis, the financial institution creates influence past banking by supporting social enterprises: companies with a double bottom-line of revenue and social and/or environmental influence. DBS Basis additionally provides again to society in numerous methods, together with equipping communities with future-ready abilities and constructing meals resilience.
With its in depth community of operations in Asia and emphasis on partaking and empowering its employees, DBS presents thrilling profession alternatives. For extra data, please go to www.dbs.com.
About Harvard Enterprise Faculty
Based in 1908 as a part of Harvard College, Harvard Enterprise Faculty is positioned on a 40-acre campus in Boston. Its school of greater than 200 gives full-time programmes resulting in the MBA and doctoral levels, in addition to greater than 70 open enrolment Government Teaching programs and 55 customized programmes, and Harvard Enterprise Faculty On-line, the Faculty’s digital studying platform. For greater than a century, HBS school have drawn on their analysis, their expertise in working with organisations worldwide, and their ardour for instructing to coach leaders who make a distinction on this planet, shaping the follow of enterprise and entrepreneurship across the globe.
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