Organizational Innovation and Change D5 - Essay Example

Organizational Innovation and Change D5 Barclays bank is a world financial Its banks vision statement is about being a world class organization. It is also determined to be a financial institution with value and admiration. The vision statement is what has kept Barclays bank prosper. Through my research was able determine the functioning of the bank and be able to compile and relate it to the vision statement. The vision statement was acquired at http://www.barclays.com/supplier/aiming_high_our_vision.html. From my research I noticed that the bank has culture at which is inclusive of the society and its internal environment in an effort to realize their vision.

In an aim of expanding the organization and giving it a global image the bank has invested realized its social responsibility. It has invested in charity events and in the effort of improving the needless in society it has vented into Africa and Asia (Zell, 2008). The bank has been involved in the motivation of their employees. The bank has developed a culture in which the welfare of the employees is paramount. They have end month fan fairs and they pay their employees well. All employees are insured and housed or given house allowances.

This intern increases the employees’ commitment (Tushman, 2006). The customers get satisfied due to good public relation; it is able to expand due to a large client base. The bank has also has also invested into technology and allows great idea this is there reason to its expansion. There are regulations that drive the financial sector consolidates is the result of 60 percent growth in terms of shares and asset. There banks vision statement has been realized to a percentage. The success is due to an organized team.

The bank has portrayed the essence of the vision statement and how it’s used to drive the company forward. The bank has invested heavily and employed expertise to enable their success (Beerman, 2005). The vision statement should be the one driving a company towards the success.ReferencesBeerman, L. (2005). Managing organizational innovation and change: the U.S. Environmental Protection Agencys adoption of the ecosystem approach (1993-1996). Michigan: University of Michigan.Tushman, M. (2006).

Winning Through Innovation: A Practical Guide to Leading Organizational Change and Renewal. New York: Harvard Business Press.Zell, D. (2008). Changing by Design: Organizational Innovation at Hewlett-Packard. New York: Cornell University Press.