logo

Change Management Page | 10 Running Head: Change Management ANZ

13 Pages3470 Words56 Views
   

Added on  2020-05-28

About This Document

Change Management Page | 10 Running Head: Change Management ANZ Change Management Executive Summary Australia and New Zealand Banking group is one of the largest commercial banks of Australia and New Zealand, the bank also operates in the Pacific, Europe, Asia and The USA. Table of Content Introduction 3 Question 1: Describe and evaluate main features of organizational transformation under John McFarlane tenure at ANZ bank.

Change Management Page | 10 Running Head: Change Management ANZ

   Added on 2020-05-28

ShareRelated Documents
Running Head: Change ManagementANZChange Management
Change Management Page | 10 Running Head: Change Management ANZ_1
Change ManagementP a g e | 1Executive SummaryAustralia and New Zealand Banking group is one of the largest commercial banks of Australia and New Zealand, the bank also operates in the Pacific, Europe, Asia and The USA. Australian banking industry was going through the rough face due to the global economic crisis and hundreds of bank branches getting shut, ANZ was also facing troubles due to the on-going crisis, as the population had lost their faith in the banking sector. In order to manage the crisis and pull up the socks, ANZ appointed John McFlaren as its CEO who then took the onus of bringing radical transformation in thebanking culture of ANZ. He promoted good banking habits, laid emphasis on the performance management system, rebuilt the brand image of the bank by foraying into CSR activities. It was John whose brilliant leadership and ability to propose implement and execute the process of change management brought in stability to ANZ banking group.
Change Management Page | 10 Running Head: Change Management ANZ_2
Change ManagementP a g e | 2Table of ContentIntroduction...........................................................................................................................................3Question 1: Describe and evaluate main features of organizational transformation under John McFarlane tenure at ANZ bank..............................................................................................................4Question 2: Challenges for managers when implementing transformation strategies within the organization to improve the corporate brand of the organization through internal culture change....6Question 3: Evaluate the attributes of the leaders and analyse their roles in influencing, directing andmanaging the change process at ANZ....................................................................................................8Recommendation to ANZ......................................................................................................................9Conclusion...........................................................................................................................................10References...........................................................................................................................................11
Change Management Page | 10 Running Head: Change Management ANZ_3
Change ManagementP a g e | 3IntroductionAustralia and New Zealand Banking group limited is one of the largest and leading banks of Australia and New Zealand. The Bank with a legacy of over 170 years has its headquarters in Melbourne, Australia. It is a public listed bank which employees over 35,000 people and services and operates in 30 countries spread across Australia, Pacific, Asia, Europe, Dubai and The US. ANZ provides a range of Banking and financial services to retail, small and large businesses, corporate and institutional customers. ANZ is really a strong organization when it comes to following and abiding by its principles, the company proudly stands for Integrity, collaboration, accountability, respect and excellence, the company strives towards a culture living these values. ANZ has been at the helm of taking financial literacy to another level and spread awareness around the banking habits of the people, some of its landmark programs Saver plus and money minded have been extremely successful in leading the way towards financial literacy. The company has seen all the phases of business cycle, moving from as high as crest to as low as trough, it was the able leadership of John McFarlane that the company went through organization transformation and landed in a profitable state. The purpose of the report is to answer the questions based on the case study which will provide insight on the organization transformation in underwent under the leadership of John McFarlane, understanding the challenges managers face in implementing transformation strategies and evaluate the key attributes of successful leadership in influencing the process of change management.
Change Management Page | 10 Running Head: Change Management ANZ_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Analysis of Change Management in ANZ Bank
|15
|3415
|187

Change Management Assignment: ANZ
|15
|3464
|58

Organizational Change Management Assignment | ANZ Banking Corporation
|16
|3759
|266

CHANGE MANAGEMENT | ANZ Bank
|10
|2568
|168

Organisational Change Management Assignment : ANZ bank
|13
|3229
|107

Change Management - Sample Assignment
|9
|3059
|27