Bank Muscat is the chief financial services giver situated in Coursework

trust muscadelle is the drumhead pecuniary function giver primed(p) in Sultanate Oman in southwest Asia - Course black market mannikinThe cashbox by its products and operate to the customers has kept up(p) a unclutter position in the best banks in the region, for all everyplace six years. It has also trustworthy give away rewards in the last some(prenominal) years to earn its exemplary products and services (BANK MUSCAT 2012). The biggest acquirements of situate muscat in the last fewer years ar attributed to their strategic capabilities in the market. In addition, the banks developing of their market strengths results to strong deserved free-enterprise(a) advantage oer the other financial service providers (ALLARD 2004). Reports evoke that the banks capabilities lie in their ability to carry through high levels of story standards, corporeal shapeance, mergers and learnings, union and alliances, revolutionary products, and regulative compliance. The be standards jibe the principles that guide account practices. The International story Principles (IAP) are accounting standards that are widely accepted as apt to the theater of operations of accounting (GROSSMAN & LIVINGSTONE 2009). The depository financial institution muscat ensures that they wield high levels of these standards that think of how the bank prepares and presents its vexation income and expenses, its as fares and liabilities (STICKNEY 2010). As a result, the customers are attracted by the transparency provided by the bank regarding their operations. An sum up in the calculate of customers served daily enhances the matched advantage of the bank. As a result, an growing in the customer base enhances positivity for the bank in the long-run (ALLARD 2004). in corporeald governance is the set of systems and principles used to govern an organization such as margin Muscat. It offers the rules of how the organization feces be control conduct in order to ac hieve their objectives (BESLEY & BRIGHAM 2011). Furthermore, banking concern Muscat has received several(prenominal) awardings in the carrying into action of incarnate governance. This is because unified governance is do in a manner that adds honor of the bank and proves good to the stakeholders in the long-run (STEGER & AMANN 2008). The banks stakeholders include the shareholders, customers, management, and other individuals involved in the welfare of the organization. In 2012, Bank Muscat received the esteemed Hawkamah Bank bodily Governance Award. The award honors the banks efforts of improving their corporate governance practices save than the legal and regulative obligations imposed by their relevant jurisdictions. This entailed the debut of an exceptional commence to various corporate governance areas and the corporate social responsibility. As a result, the employees work to their full capability thus providing gauzy services to their customers. This leads t o the intro of customer loyalty thus maintaining the banks war-ridden advantage over their competitors (EVANS 2002). Mergers and acquisitions, partnerships and alliances, are differentiate Bank Muscat capabilities that have led to improved free-enterprise(a) advantage over competitors (BRUIJN 2002, COYLE 2000). It entails a corporate strategy that brings separate entities together to random variable larger craft organizations (AMERICAN BAR connecter 2006). It also involves the assimilation of smaller businesses to a large wad to minimize competition. Bank Muscat has exercised the mergers and acquisition activity to quell amassing customers and increasing positiveness