DOES THE NEW MANAGEMENT INFORMATION SYSTEM IMPROVE OPERATIONAL EFFICIENCY IN THE BANKING INDUSTRY OF KAZAKHSTAN?
Journal Title: Journal of Economic Research & Business Administration - Year 2023, Vol 145, Issue 3
Abstract
The purpose of this study is twofold. First, it is undertaken to assess the current management information systems (MIS) used by the banking sector of Kazakhstan. In addition to that, it is done to come up with a recommendation on how to set up an efficient MIS in the banking industry of Kazakhstan. Due to the rapid development of the financial sector in Kazakhstan, local banks require an efficient MIS to be and stay competitive in the challenging sector. Moreover, future employee resistance should be avoided after the successful implementation of efficient MIS. To ensure the representativeness of the sample size, the questionnaire has been disseminated among 250 employees who face MIS. This research covers the implementation of the right system and managing human factors for its proper functioning over a long period. To evaluate the effectiveness of the MISs used by the banking sector in Kazakhstan, the questionnaire has been designed and disseminated among employees of one of the largest banks in Kazakhstan. This study contributed to the existing literature by investigating MIS in the banking sector of Kazakhstan. The benefits and results of the information systems as well as their significance for the banking sector are discussed and analysed in this study. An efficient MIS sets and provides data that management requires to achieve its goals. The right MIS provides a decision support system which could be the most useful tool for the bank in solving complex questions. The fundamental steps to develop MIS, which should be adopted by the bank have been presented in this study.
Authors and Affiliations
R. Akhmedov, O. Uzhegova
Keywords
Related Articles
- EP ID EP721927
- DOI 10.26577/be.2023.v145.i3.04
- Views 50
- Downloads 0
THE DIGITAL FUTURE OF FINANCIAL INSTRUMENTS IN ADVANCING THE GREEN ECONOMY OF THE REPUBLIC OF KAZAKHSTAN
Digitalization provides innovative tools and solutions that contribute to the sustainable develop-ment of the green economy. The authors reviewed scientific articles on the digitalization of fina...
HARMANIZATION OF ACCOUNTING IN THE CONDITIONS OF THE EAEU: CURRENT STATE AND PROBLEMS
The article examines a wide range of issues related to the possibility and feasibility of harmonization of accounting and financial reporting, which, if implemented, would help improve the information base for the prepar...
EMPIRICAL ANALYSIS OF THE RELATIONSHIP BETWEEN PUBLIC EXPENDITURES AND ECONOMIC GROWTH IN KAZAKHSTAN
The relationship between fiscal policies and economic growth is one of the remarkable issues in the growth literature. In particular, the reasons for increasing public expenditures in countries and the effects of these i...
ENVIRONMENTAL AUDIT, AS THE MAIN TOOL FOR IMPROVING AND PROTECTING THE ENVIRONMENT
Environmental concerns are getting more evident in the context of establishing commercial links. In particular, the nature users themselves, governmental institutions, and private and public organizations that exert cont...
INSTITUTIONAL-LEGAL INTEGRATION OF SOCIALLY VULNERABLE POPULATION INTO THE ECOSYSTEM OF SOCIALLY ORIENTED ENTREPRENEURSHIP IN KAZAKHSTAN
This study examines the process and prospects of institutional integration of socially vulnerable segments of the population into the sphere of social entrepreneurship in Kazakhstan. The relevance of the topic is due to...