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Unaudited Standalone Financial Results For The Quarter Ended December 31 2018
Unaudited Standalone Financial Results For The Quarter Ended December 31 2018
International Scholarly and Scientific Research & Innovation 8(8) 2014 2491 ISNI:0000000091950263
World Academy of Science, Engineering and Technology
International Journal of Humanities and Social Sciences
Vol:8, No:8, 2014
D. Disability
G
Gender The third divversity factor focused on iss physical disaability.
In many countriies, particularrly developed countries, theere has
been an increasee in the emplooyment of peo ople with a phhysical
E
Ethnicity Age
dissability. However, this is aan issue which has scarcely been
adddressed in thhe Middle East,E includingg KSA, wheere the
P
Primary
dim
mensions dissabled are alm most entirelyy absent from m the labour market
m
of diversity [155]. Hence, thiis issue is onee which is examined in thee study
in order to deetermine its underlying social, s culturaal and
Sexual
D
Disability ecoonomic causees and to m make suggestio ons as to hoow the
Orrientation
dissabled can besst be brought iinto the labouur market.
Race
IV. THE BUSINESS CASE FOR DIVERSITY
In the busineess case for diversity, it is argued that valuing
v
Fig. 1 Six priimary dimensioons of diversity (adapted from [9]) divversity may become a soource of com mpetitive advaantage,
inccrease the quaality of organnizational life and ultimatelly have
Gender, age and disabilityy have been seelected for thiis study
a ppositive effectt on business [[16].
ass two of them,, gender and aage, affect eveeryone, and thhere are
One widely held
h view of diversity is that
t it can stiimulate
m
many disabled people in anyy society. In addition,
a all thhree are
creeativity and innovation when diversse viewpointts and
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International Scholarly and Scientific Research & Innovation 8(8) 2014 2492 ISNI:0000000091950263
World Academy of Science, Engineering and Technology
International Journal of Humanities and Social Sciences
Vol:8, No:8, 2014
management that would allow a more thorough exploration of how individuals relate to the society and its collective will. In
these constructs and relationships, and that also recognizes the individualistic cultures, people tend to prefer to act as
strategic choices that must be made regarding the individuals, whereas in collectivist cultures, there is more
appropriateness and assumed cost/benefit of diversity in an emphasis on the groups to which individuals belong [35]. For
organization. sometime, it has been accepted that individualism is associated
with Western societies, whereas collectivism is more
V. CULTURE AND DIVERSITY MANAGEMENT frequently linked with Eastern countries. The Arab world,
The culture of a country has a considerable influence on which includes KSA, is generally viewed as a collectivistic
approaches to diversity management. “National culture society that has tended not to emphasise individuality [36].
implies that one way of acting or one set of outcomes is Masculinity is associated with power, ambition and
preferable to another.” [28] competitiveness, while femininity places greater stress on
There are many aspects of national culture which affect sensitivity, and feelings. KSA is an Islamic country and Islam
diversity management; these include the social, economic and emphasizes the equality of men and women, although at the
legal aspects of a country. Western human resource same time recognizing that they have different parts to play in
management (HRM) practices have spread rapidly in large society [37]. Nonetheless, Arab countries were categorised as
organizations across the world in recent years, largely, if not high masculinity societies [35] and this appears to be accurate
entirely, due to the increase in various best practice “models” in the case of KSA, where the genders are segregated in places
[29]. Such models, also known as high performance work of education and in social life. Both men and women have the
practices and high commitment work practices, often contain a right to work and do business, but comparatively few women
Open Science Index, Humanities and Social Sciences Vol:8, No:8, 2014 waset.org/Publication/9999012
number of HRM practices held by their proponents to have the are employed outside the home and those who are tend to be
potential to improve organizational performance [29]. restricted to certain jobs such as teaching, although this has
However, there is no single model of diversity management begun to change in recent years [38]. This dimension has
that can be applied in all countries and in all situations [30]. It obvious implications for diversity management, at the core of
is therefore important to recognize that a generic approach to which is the assumption of the equality of men and women in
managing people does not achieve fairness and equality of the workplace.
opportunity for everyone, as people’s values and beliefs differ The fourth dimension is uncertainty avoidance, which refers
[14]. It is argued that the issue needs to be understood in terms to the extent of the acceptability of ambivalent circumstances
of the necessity to customize, rather than standardize human and the extent to which conformity is valued and required by a
resource management strategies towards diversity, in order for country’s institutions [35]. KSA falls into the category of a
the requirements of a diverse workforce to be taken into high uncertainty avoidance society. Saudis tend to have
consideration and dealt with appropriately [31]. everything controlled in order to reduce, remove or evade the
The appropriateness of the US diversity management unexpected, which means that the society is very risk-averse
approach in other national contexts has been disputed [32]. and reluctant to accept change [39].This has clear implications
The ideal approach may lie somewhere between a multi- for the acceptance in KSA of novel diversity management
domestic and global approach [33]. As pointed out by [33], practices, in particular those originating from overseas.
little is yet known about how management practices are
transferred and why certain transfers are more successful than VI. METHODOLOGY
others in terms of foreign management practices being adapted In this study, an interpretivist paradigm has been adopted;
to and taken up in different contexts. Only a limited number of that is, meanings emerge from the research process [40]. In the
studies have focused on this issue [34]. investigation of the understanding of gender, age and
Dutch researcher Geert Hofstede identified the differences disability diversity in the banking industry in KSA, there are
in work-related values across nations and originally proposed multiple realities that do not facilitate the systematic
four dimensions based on which a national culture could be measurement used in the positivist paradigm. The interaction
characterised [35]. He later added two more dimensions, between the researcher and the research participants leads to
short-term and long-term orientation and indulgence versus the emergence of various perspectives of the reality of
self-restraint, but no individual scores for these are available diversity management in the banking sector in KSA.
for Saudi Arabia. Several researchers have extended The research strategy adopted in this study is that of a
Hofstede’s work or taken another approach to characterizing multiple-case study of the twelve banks in KSA. Case studies
national culture, but these dimensions are perhaps the most provide unique means of developing theory by using in-depth
widely used framework of national cultures. They are high and insights of empirical phenomena and their contexts [41]. The
low power distance; individualism and collectivism; multiple-case study approach adopted in this thesis allows
masculinity and femininity and; high and low uncertainty cross-case analysis, hence increasing the validity of the
avoidance [35]. The term power distance refers to the way in research [42]. Banks were chosen as almost everyone uses
which cultures regard disparities in status. In countries where banking services, and banks therefore have a very diverse
there is a high power distance, there is a rigid hierarchy and customer base, reflecting the diversity in Saudi society.
this applies to varying degrees in all Arab countries [35]. The A major feature of case study methodology is that different
individualism-collectivism dimension refers to differences in methods are combined with the purpose of elucidating a case
International Scholarly and Scientific Research & Innovation 8(8) 2014 2493 ISNI:0000000091950263
World Academy of Science, Engineering and Technology
International Journal of Humanities and Social Sciences
Vol:8, No:8, 2014
fro
om differen nt angles. IIn this thessis, interview w and quuestion at the end. It was addministered too a sample off senior
quuestionnaire are
a used. Th he data from the intervieews are maanagers, hum man resource (HR) manaagers, assistan nt HR
an
nalyzed using g a qualitativee method, i.ee. thematic an nalysis, maanagers and branch
b manageers in branchees of major baanks in
an
nd the data from thee questionnaaire are an nalyzed Jedddah and Riyaadh.
quuantitatively; that
t is, numerrically. An appropriiate sample size for a qualitative study
In this studyy, an abductiv ve approach iss taken. Inducction is ad
dequately answ wers the reseaarch question [46]. The reseearcher
in
nitially used; th
hat is, the fram
mework for diversity manaagement juddged that appproximately 10 responses fromf represen
ntatives
deeveloped in thhe research wiill emerge from m the theory derived off each of the 122 major bankss in KSA weree sufficient to obtain
fro
om the revieew of the litterature. Theen, from the survey thee data necessaary to answer tthe research question.
q
quuestionnaire and
a intervieww data, deducction is used to test
th
hese contentio ons in order to t find the better options among VIII. DATTA ANALYSIS
th
hese, given thet context aand constrain nts of the prroblem. Thematic con ntent analysiss was used to t analyze th he data
Fiinally, inductiion is again uused to build the proposed d theory gaathered from the
t interviewss. Thematic content
c analyssis is a
an
nd the final coonceptual mod del of the thesiis [43]. The sttages of wiidely used quaalitative researrch techniquee and is a methhod for
ab
bduction are sh hown in Fig. 2. 2 thee interpretatio
on of content through a cllassification process
p
[477]. A summarry of the most salient pointss was made an nd then
• Stagges of abductive approach
thee most signifficant themess to emerge were w identifieed and
intterpreted [48]. These are shhown in Fig. 3.
• Induuction to build theeories and contenntions from the liiterature
Open Science Index, Humanities and Social Sciences Vol:8, No:8, 2014 waset.org/Publication/9999012
V PRIMARY
VII. Y DATA COLLE
ECTION Understanding
Busin
ness
of Customer
Innovaation
To collect the primary dataa, semi-structuured interviewws were Base
coonducted to seerve as a guid deline for formulating the closed-
ennded survey questions [44 4]. This is known
k as seqquential
m
mixed-method research [45].. Fig
g. 3 Themes em
merging from intterviews
The populatiion in this stud
dy consists off all senior maanagers,
H managers, assistant HR m
HR managers andd branch manaagers in The data gathhered throughh the interviewws and questioonnaire
alll banks in KSA.
K A purp posive, non-p probability saampling surrveys are quaalitative and contribute to addressing specific
strrategy was ussed to recruit participants for the primaary data ressearch questions. Howevver, quantitaative data an nalysis
coollection. In this
t study, paarticipants weere selected as a they meethods can be b of great vvalue to the researcher who w is
w
were assumed to be knowlledgeable abo out or in som me way atttempting to draw
d meaninggful results fro
om a large body of
in
nvolved with gender, age, and disab bility diversiity and quualitative data [49].
diiversity manaagement weree selected. Th he respondentts were Hence, the data
d gathered from the qu uestionnaire survey,
s
coontacted thro ough their baanks. All th he necessary ethical altthough esseentially quaalitative, will w be an nalyzed
coonsiderations were
w taken intto account. quuantitatively, that is, num merically, ussing the Staatistical
The semi-strructured intervview question ns were piloteed with Paackage for thee Social Sciennces (SPSS). This is in lin ne with
m
managers from
m three differennt banks, who o were represeentative thee contention that the sharrp separation n often seen in the
off the sample. It
I was clear thhat for the maiin interviews, a more liteerature betweeen qualitativve and quan ntitative meth
hods is
in
n-depth explan nation of thee meaning off diversity wo ould be spu urious and that research is probleem-driven an nd not
reequired beforee beginning thhe interviews. Two manageers from meethodology-drriven [50].
eaach of the 12 banks in Jedddah and Riy yadh, the two largest
ciities in KSA, were
w interview wed, making a total of 24. IX. NEXT STEPS
The initial questionnaire
q survey was similarly
s pilo
ot-tested The findingss from the analyses of the interview w and
tested with fiv ve randomly selected
s manaagers from different
d quuestionnaire will
w be linkeed clearly to o the literatuure, as
baanks, and am mended acco ording to theeir commentts. The sugggested by [551] in order tto achieve thee research aim
m. The
quuestionnaire consisted
c of 29
2 closed-end ded statementss, to be ressearch aim is to devise a fframework forr understandinng and
annswered on a five-point L Likert scale, and
a one open n-ended
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enhancing gender, age and disability diversity management in [9] Wrench, J. Diversity Management and Discrimination. Aldershot:
Ashgate Publishing, 2012.
the banking sector in KSA. [10] Rehman, J. and Polymenopoulou, E. Is Green a Part of the Rainbow?
Sharia, Homosexuality and LGBT Rights in the Muslim World.
X. LIMITATIONS Fordham International Law Journal, vol. 37, 2012, pp. 1-501
[11] Metcalfe, B.D., Gender and human resource management in the Middle
This thesis takes an interpretivist standpoint and this could East. The International Journal of Human ResourceManagement, vol.
be considered to be a limitation of the methodology, as results 18, issue 1, 2007 pp. 54-74.
[12] Eagle, L. Making Their Mark: Women Working in the Middle Eastern
of interpretive research are often criticized in terms of validity,
Financial Industry, 2011 Available from
reliability and generalisability, referred to collectively as http://women.ezinemark.com/making-their-mark-women-working-in-
research legitimization [52]. However, an effort has been the-middle-eastern-financial-industry-3221201fe5e.html Accessed
made to overcome these potential limitations by presenting 9thMay, 2014.
[13] Jamali, D., Sidani, Y., and Safieddine, A. Constraints facing working
evidence to support the research legitimacy, as suggested by women in Lebanon: an insider view. Women in Management Review,
[53].The multiple-case study approach adopted in this thesis vol. 20, no.8,2005, pp. 581-94.
allows cross-case analysis, hence increasing the validity of the [14] CIPD. Diversity in the workplace: an overview.London: CIPD.
[15] Al-Dosary, A.S., Rahman, S. and Shahid, M. An Integrated Approach to
research [54]. In addition, data triangulation through the use of Combat Unemployment in the Saudi Labour Market. Journal of Societal
multiple methods enhances reliability and validity [55]. & Social Policy, vol. 4, no.2, 2005, pp. 1-18.
Regarding generalization, the research participants in this [16] Richard, O. C. and Johnson, N. B. Understanding the impact of human
resource diversity practices on firm performance. Journal of Managerial
study were drawn from banks in only two Saudi Arabian Issues, vol. 13, no. 2, 2001, pp. 177-195.
cities, Jeddah and Riyadh, due to the obstacles of cost, time [17] Gray, D. Work-based Learning, Action Learning and the Virtual
and access. Hence, it is not possible to say with any certainty Paradigm Journal of Further and Higher Education, vol. 25, no. 3,
Open Science Index, Humanities and Social Sciences Vol:8, No:8, 2014 waset.org/Publication/9999012
International Scholarly and Scientific Research & Innovation 8(8) 2014 2495 ISNI:0000000091950263
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International Journal of Humanities and Social Sciences
Vol:8, No:8, 2014
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