Nobody downloaded yet

Organizations' strategies - Assignment Example

Comments (0) Cite this document
Change is inevitable in today’s complex and complicated business environment. Organizations involve multiple strategies in an effort to respond and predict changes both internally and externally. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
Organizations strategies
Read TextPreview

Extract of sample "Organizations' strategies"

Download file to see previous pages This paper presents a case study exploration of the elements of real organizational change interventions based on the context of the six key qualities of a good leader. It provides an analysis of how leadership and management can influence the occurrence of “resistance to change” through creating authentic and open lines of communication within today’s complex organizations (Gardner, 2006). The case study focuses on today’s aggressive banking industry, exploring the leadership competencies Main Street Bank has demonstrated in its efforts to remain prosperous in a volatile and continually changing external environment. While customers are constantly reevaluating how to handle the economic challenges and opportunities in their lives, banks are evaluating new ways they can provide better support and services for their customers and communities. This situation has created a necessity to think about reorganizing the organizations’ structure and assess the need to effect changes in strategies and design approaches. This paper explores the steps followed at each level by organizations to implement these changes to address customer concerns effectively and preserve vision while keeping an excellent relationship with followers. Main Street Bank asked thousands of their customers what they wanted in a bank account. The answer was, “Simplicity” through open and transparent rules, accounts with no surprises or unreasonable fees, and products in which they understand the true value. This prompted the institution to make changes by giving its customers a review that shifts their thoughts using real changes that influence their thinking. (Kotter & Cohen, 2002). In this scenario, the bank was able to maintain consistency with its vision, pay attention to customers and employees, admit mistakes, and make suitable decisions while displaying a good understanding of the business and integrity. The bank demonstrated both ability to listen to customers by conducting a research in which they presented their customers with several sets of product choices, with different combinations of features, benefits, price points, and ways to earn out of fees. The findings of the research indicated that customers do not need a long list of account benefits alone; instead they want straightforward account features where they see the true value, such as identity theft protection. Main Street Bank also found out that customers are willing to pay for the convenience of banking with a bank offering online bill payment, mobile banking and an extensive ATM and branch network. Customers preferred a single up-front monthly fee rather than separate per-usage fees and wanted the ability to earn out of fees in various ways. The input from the customers was able to show “others the need for change with a compelling object that they can actually see, touch, and feel” (Kotter & Cohen, 2002). The decisive quality of a good leader is display by Main Street Bank through the decisions it took to address customer needs. First, the bank decided to simplify the fee structure by eliminating the daily overdraft fees and “per-transaction” fees for excessive withdrawals from a savings account. It also created a lineup of core checking and savings accounts that include basic, clear monthly service charges, with opportunities to reduce or waive the service charge based on a customer’s direct deposit, minimum monthly balance, and overall relationship with the bank. This was meant to capture the full range of their customers’ banking needs and enable them choose what is right for them. These decisions display good understanding of the business which is another key quality of a good leader. The way the business operates also shows understanding of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Organizations' strategies Assignment Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from
(Organizations' Strategies Assignment Example | Topics and Well Written Essays - 1000 Words)
“Organizations' Strategies Assignment Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Organizations' strategies

Strategies Of Multinational Organizations In This World Of Globalization

...? Falling trade barriers, free flow of money across borders, growth in world trade among countries represent the trend known as globalization which has allowed the large organizations to expand overseas. The process of globalization has enabled countries to source raw materials from anywhere, produce anywhere and market their finished products anywhere in the world. However, globalization is not a uniform evolutionary process as various political, economical, cultural and technical factors can have an adverse impact on the process of globalization and expansion (Wadsworth, 2010). Thus the strategies of the MNCs in this world of globalization have to take into account various factors before venturing...
10 Pages(2500 words)Research Paper

Hedging Strategies Adopted by Airlines Organizations for Hedging their Foreign

...?Hedging Strategies Adopted by Airlines Organizations for Hedging their Foreign Currency Risks The research aimed to assess the hedging strategies used by multinational organizations that have operations in diverse countries and hence are exposed to changes in exchange rates and interest rates. The airlines companies were selected for the research as they suit the profile of companies that can be exposed to the foreign currency risks owing to the nature of their operations. As such, British Airlines, Thomas Cook and Easy Jet were used for the analysis. It was found that these organizations continue to use hedging strategies like foreign...
81 Pages(20250 words)Dissertation

Are Engagement Strategies Desirable for Organizations and Employees

...The MacLeod Report (2009) claims that engagement strategies are desirable for organisations and employees. With reference to academic literature, critically evaluate this claim. Introduction In a rapidly and ever changing work environment there is a constant need for the organizations to develop and exercise new and innovative methods to cater to the new technological and marketplace realities. Human Resource (HR) or the workforce is considered as the most vital element for the growth of the company. In today’s world, each and every company or organization has a human resource development (HRD) department, which can be considered as the platform for helping the employees to develop, nurture and improvise their knowledge, ability... of the...
8 Pages(2000 words)Essay

Engagement Strategies Are Desirable For Organizations And Employees

...Engagement Strategies Are Desirable For Organizations And Employees Introduction The goal of every single company or business firm in this world is to meet a number of objectives ranging from the primary one of profit maximization to other very diverse and very specialized ones depending on the company policy. The attainment of the objectives of a company or business venture must be done by a team effort (Cohen & Bailey, 1997, p. 239). Gibson & Cohen (2003, p.10) concurs with this statement offered by (Cohen & Bailey, 1997) and goes on to add that the lack of team work and setting up of unrealistic goals often results into the failure of many businesses and companies in the world today. The employees...
10 Pages(2500 words)Essay


...? [Teacher’s Organizations The African Medical & Research Foundation is one of the biggest non-governmental health development organizations which is based in Africa. The organization mainly manages programs which focus on a broad range of services which include public medical health programs targeted at vulnerable populations such as children and women. As mentioned above, the program is aimed towards eradicating the major healthcare insures in Africa which includes HIV/AIDS and tuberculosis, Family Health, Malaria, Training health workers, surgical and clinical outreach and sanitation and clean water. The approach taken by this organization involved building local...
3 Pages(750 words)Essay

The Gate to Women's Country

8 Pages(2000 words)Essay

Strategies for Promoting Ethical Decision Making in Health Care Organizations

...Strategies for Promoting Ethical Decision Making in Health Care Organizations Introduction: Ethical decision making is the process of clinical decision making considering the ethical principles of professional practice. This indicates that there would be some conflicts between the ethical principles and practical application of care, and thus this process is necessary to resolve a problematic area of major concern. Ethical scenarios are guided by the principles and knowledge of ethics, and the medical decisions are guided by medical or clinical knowledge. Therefore sensitivity to the given situation and allegiance to the specific set of principles ultimately determine which knowledge domain to draw upon...
10 Pages(2500 words)Essay

Critically examine the argument that organizations are gendered and evaluate different strategies for achieving gender equality

...and Watson (1986) suggest that highly educated women surpassed men in the number of interruptions they made. However, interruptions are not necessarily indications of dominant communication styles (Kennedy & Camden, 1983). Women in the workplace need to be aware of their use of tag questions, disclaimers, interruptions and the like, and should learn to use more assertive communication skills to overcome gender discrimination and make themselves heard and acknowledged in male-dominated situations. In organizations where men mostly dominate, more specific strategies are employed to tip the balance in women’s favor. Supporting women workers towards management positions entails more technical support...
11 Pages(2750 words)Essay


...; developing new opportunities at the institutional level while maintaining a traditional base approach to customers and products. The analyzer organization tends to combine standardized and innovative elements into efficiency and stability. I think the LAPD is the best example of this type of organization. The “reactor” organization tends to lack a compelling strategy and retains processes in spite of environmental changes. These types of organizations can become stilted and unresponsive to market changes and environmental adjustments. I think criminal justice organizations should adopt the analyzer model. In this way, the good...
2 Pages(500 words)Essay

1. Strategy in action; 2. Cultural leadership;3. Change or Perish; 4. Has anyone worked for an unethical leader If so, how did you deal with it; 5. What strategies, in your opinion, can leaders use to best handle downsizing and move their organizations the values and behaviors that contribute to the unique social and psychological environment of an organization (Businessdictionary, 2014). Using diversity and integrating the cultures of a diverse group of people can help enhance the character and leadership of a person. Working in groups is also an excellent strategy to foster leadership as well as teamwork. Companies that take advantage of diversity have greater creativity which can enhance innovation. Training and development is another tool that can be used to improve the leadership capabilities of the staff. Leadership is not limited to the managers only; it can be exerted by any employee in the organization. Question...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Organizations' strategies for FREE!

Contact Us