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Assignment: Organizational Problem/Challenge

   

Added on  2021-04-17

20 Pages4541 Words151 Views
Running head: ORGANIZATIONAL CHALLENGESORGANIZATIONAL CHALLENGESName of the Student:Name of the University:Authors Note:

ORGANIZATIONAL CHALLENGES1Executive SummaryThe report showcase the importance on the practical knowledge of management inbusiness scenario. The report throws light on the given company, ANZ bank and identifies thestrength and weaknesses of the management approaches. There are various challenges in thebusinesses that is a combination of internal and external factors. Through the SWOT andPESTLE the macro and micro environment is analyzed. Strong financial position furthermoreprovides resilience to various market developments. Moreover the various factors and challengesis evaluated for the ANZ bank. Various challenges that leads to focus on business andtechnology is also ascertained.

ORGANIZATIONAL CHALLENGES2Table of ContentsIntroduction:....................................................................................................................................3About the Organization:..................................................................................................................3SWOT Analysis of the Organization:..............................................................................................4PESTEL Analysis:...........................................................................................................................7Force Field Analysis:.....................................................................................................................11ANZ Management Challenges:.....................................................................................................13Challenges of Focusing on Business and Technology..................................................................13KPI of Agile Management.............................................................................................................14Conclusion.....................................................................................................................................15References:....................................................................................................................................16

ORGANIZATIONAL CHALLENGES3Introduction:In the recent times, organization faces variety of problem or challenges that becomes agreat hurdle for their growth. The most common business challenges or issues can be differentfor various industry, service or business. The report highlights the major challenges faced by themanagement of ANZ Bank. There several external and internal factors faced by the firms. Thisfactor provides potential threats and opportunities for all short-term and long-term growth of thefirm in the business environment (Ferraro, Etzion and Gehman 2015).With the help of external and internal analysis of the business, the challenges faced by theorganization can be evaluated. Through SWOT and PESTEL analysis, both the micro and macroenvironment can be analyzed. After analyzing the organizational management practices of thecompany all the opportunities and strengths can be easily evaluated. The organization can easilyascertain the area where management strengths can be easily aligned with the organizationalgoals.About the Organization:The Australia and New Zealand Banking Group Limited (ANZ Bank) was initiallyopened as the Bank of Australia. In the year 1835, the bank opened their first office in Sydney(Anz.com. 2018). Later, in the year 1938 the bank’s office was established in Melbourne, wherethe current headquarter of the bank is located. ANZ bank operates in more than 33 markets thatis global representation in New Zealand, Australia, Pacific, and Europe and all over the MiddleEast. ANZ bank is the third largest bank all over Australia and is the largest banking group inPacific and New Zealand among the leading banks in the world. The bank facilitates in providing

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