Report Case Study of Hadelsbanken - Strategic Management
Added on -2020-02-24
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Running head: STRATEGIC MANAGEMENT Strategic Management Name of the Student Name of the University Author’s Note
1STRATEGIC MANAGEMENT Executive Summary The given report is about the case study of Hadelsbanken, which is one of the major banks in Sweden. The questions of the case study aim toanalyse the cultural situation of the organization, which is quite different from other banks. The concept of decentralization is at the base of the culture within the bankthat has also helped the organization to spread in the foreign market. The questionsof the currentreportwill also discussaboutthe mattersrelatedto thefuture recommendations of the bank that will help them to sustain in the future.
3STRATEGIC MANAGEMENT Answer 1: The culture within Hadelsbanken is believed to be effective as it has allowed them to implement effective workforce culture. This culture is significantly different from that of all the rival banks of the Scandinavian country. One of the important aspects of the bank’s culture is due to the practice of decentralization. This system has given the branches more power that has helped them to deal with the situation and implement decisions. The process of decentralization was applied within the banking service by Jan Wallander. The process of decentralization was one of the revolutionary in the matter of change program that are implemented by the bank. The culture within the organization also witnessed change. With the help of the culture related to decentralization, it is possible to deal with most of the challenges related to effective decision making process (Janićijević and Milovanović 2015). As more workers of all levels are involved in the process of decision making, it is possible for the bank to empower the employees. This is believed to be one of the effective that are used to motivate the workers and help them to develop the required organizational skills. The process of decentralization was welcomed by most of the managers within the bank as they will now have the authority to provide their suggestions in the decision making process. The managers also took high level of pride as they are able to involve the participation of most of the workers. With the help of the process of decentralization, it is possible to implement solutions that are related to motivate the workers. There is also the advantage due to the fact that burden of the decision making are relieved from the top management of the bank. The workers within each of the bank are responsible for the making the major decisions related to the market level entry. The culture
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