The assignment discusses the failure of the ANZ Bank's change management procedure under CEO McFarlane. It highlights the importance of a thorough data collection and analysis of human resources to bring about successful changes in an organization. The paper also emphasizes the need for a transformational leader who can bring about positive changes within the organization. Additionally, it recommends that organizations adopt Kurt Lewin's three-step change management model (Freeze, Change, Refreeze) and conduct thorough employee outlook analysis before implementing any change strategy.