Nothing can escape the effect of the changing times and processes. The incremental changes in technology have also taken their toll on all fields and professions, such as education has been modified with the introduction of virtual…
Download file to see previous pages...
commence their business with the aid of conventional business processes and stay aloof from the technological changes in the industry; this aspect provokes many organizations to change their conventional processes and adopt new ones. Change management is vital to enable organizations to stay competitive in the market and updated with the changing nature of the times.
The paper discusses the introduction of a change in a bank that aims to streamline the business processes in a better manner and enhance productivity for the organization. The nature of the change is technological since it encompasses the introduction of new information systems in the organization. Section 2 discusses the portfolio of the company, while section 3 includes the driving forces that created the need for such a change in the organization. Section 4 highlights the stakeholders of the change and how they might be affected by it. Section 5 discusses the possible barriers of change in the organization, which is followed by effective strategies that might be adopted to ensure a smooth implementation of changes. Finally, the seventh section includes the foreseeable effects of the implemented change.
The bank under discussion is one of the oldest banks in the region and has survived over the years due to its wide coverage and network. The bank had not been affected by the intervention of technology in the banking industry and chose to maintain most of their operations on paper. After following the same business processes and policies for decades, it has been felt by the management that the market share is deteriorating at an incremental rate. The introduction of newer banks and automated processes in the market is bearing an effect on its market share and causing brand shifts.
Efficiency, convenience and quality bear great relevance in the banking industry in the modern times. The fast paced nature of the modern times demands efficient service from a bank that would also focus on the quality
...Download file to see next pagesRead More
According to th report having a proper organizational change setting in place will also set the ball rolling as far as the significant talk to cutting down on expenditures and making the best possible use of the resources that are available to the organization at the present moment in time. The need is to understand a proper guideline or frame of work.
For every individual, change is always scary. Most of them time, people are afraid if change because they don’t have believe in unseen or anything new. In most of the cases, people feel incompatible with change and always try to shun it. On other hand, in today’s era, many people think that change will cause insecurity for instance if an organization attempts to implement change by adopting new technologies, then employees would be afraid of this change as new technology and software has chances to replace employees.
Leadership can be done collectively by all members of the group to ensure higher efficiency and cater personal growth at the same time. All conflicts should be resolved quickly to reduce the damage that may result from them. A Critical Analysis on Organizational Change Introduction Change is constant and nothing can stop change permanently.
The organizational change may include the changes in the overall operational strategy, removal or addition of some section from or into the organization, or the life cycles experienced by an organization (McNamara, n.d). It is a change in the organizational culture and even the roles of employees of the organization.
In the wake of the modern technological innovations, many organizations have sought to revamp their systems and structures by adopting technological mechanisms in their operations. Technology has been widely accepted as a systems enabler and synergistic element that could be relied upon for better results, efficient operations, and other positive aspects associated with any productive culture.
1). Managers can handle their businesses properly by understanding the theory of organizational change. Organizational change theory is also important for managers because this theory deals with required changes that may occur in an organization due to the influence of various internal and external forces that affect organizational policies, as well as the major functions of management.
To this end, innovation is best understood as a change process which requires organizations to give up their current ways of thinking and working (unfreeze), adopt the new behavior and thinking (implement change) and finally reinforce the new behavior that it becomes a part of the organization.
New knowledge, for instance, can invalidate the existing knowledge of an entire hotel industry. Organization support plays a crucial role because it is concerned with provision of services for the whole organization, including the operational core. Design of a team and effective leader can be seen only as tools for providing effective organizational support and management.
Wal-Mart’s IT has greatly influenced retail discount chain and supply chain, data processing, and B2B communications. Nonetheless, Wal-Mart seems to be losing market dominance to new players in retail discount chain. Furthermore, labor unions, its own associates,