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Organisational Change Management Assignment : ANZ bank

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Added on  2021-05-30

Organisational Change Management Assignment : ANZ bank

   Added on 2021-05-30

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Running head: ORGANISATIONAL CHANGE MANAGEMENTOrganisational Change ManagementName of the studentName of the universityAuthor note
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1ORGANISATIONAL CHANGE MANAGEMENTAbstractThe report had evaluated a case study on ANZ Bank which is among the largest and mostsuccessful companies in Australia. ANZ bank provides a range of banking and financial servicesto their consumers in the market. The report had identified the features of organizationimplemented during the temerity of McFarlane along with the challenges faced by the managersin implementing these transformational strategies. The report had depicted the internal culturalchange of the organization and provide examples to illustrate the key attributes of the leaders inANZ and the role of leadership in implementing change management within the organization.The findings of the report show that leadership is an essential component for changemanagement and McFarlane’s leadership qualities are the main reason for the organizationalsuccess. Moreover, the leadership qualities required for developing effective changemanagement process had been identified in this report.
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2ORGANISATIONAL CHANGE MANAGEMENTTable of ContentsIntroduction......................................................................................................................................3Main features of organizational transformation during McFarlane’s Tenure in ANZ Bank...........3Challenges for managers in implementing transformation strategies..............................................6Attributes of the key leaders at ANZ bank......................................................................................7Role of leadership in influencing, directing and managing the change process..............................9Conclusion.....................................................................................................................................10References......................................................................................................................................11
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3ORGANISATIONAL CHANGE MANAGEMENTIntroductionThis is report which will evaluate a case study on ANZ Bank which is among the largestand most successful companies in Australia. ANZ bank provides a range of banking andfinancial services to their consumers in the market. The report will identify the features oforganization implemented during the temerity of McFarlane along with the challenges faced bythe managers in implementing these transformational strategies. The report will depict theinternal cultural change of the organization and provide examples to illustrate the key attributesof the leaders in ANZ and the role of leadership in implementing change management within theorganization. Main features of organizational transformation during McFarlane’s Tenure in ANZ Bank ANZ bank had been performing very badly during the 90s and the organization had beenforced to appoint a new CEO, John McFarlane. McFarlane developed a new organizationaltransformation program along with the new management so that ANZ bank can achieve longterm sustainability and competitive advantage in the market. McFarlane had been instrumental inproviding the organization with increased performance over the years and has been the mainreason behind the success of the organization (Javanparast et al. 2018). The banking sector inAustralia at that had been in an awful position due to the increase in distrust among theconsumers about these banks. The consumers had the perception that the banks were notcontributing towards the consumers, employees and the community by any means. McFarlanehad been the first one to implement the concept of corporate social responsibility within theorganization.
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