Strategic Change management - HSBC bank
20 Pages6267 Words627 Views
Added on 2021-02-19
Strategic Change management - HSBC bank
Added on 2021-02-19
ShareRelated Documents
Strategic Change management
Executive summaryStrategic change management allow organization to carefully make changes in theirbusiness and it is a well structured plan that helps to meet the organization goals and objectives.Through this report, researcher and learners gain knowledge related to change managementsystem. Chosen firm for this is HSBC bank which is British Multinational investment bank whoalso wants to make strategic changes. Through the report, researcher gain three different types ofstrategic change management tool and describe the need of opting the same. Further, the reportwill also describe the system that is involve in stakeholders for planning the change and alsoevaluate the system as well. Then, with the help of two change management model, it describesome challenges face by the firm.
Table of ContentsExecutive summary..........................................................................................................................2INTRODUCTION...........................................................................................................................1Introduction of organization and background of change.............................................................11.1 Presenting the model of strategic change...............................................................................11.2 Describing the relevance of models of strategic change in an organization..........................21.3 Describing value of using strategic intervention techniques in organization........................32.1 Need for strategic change in a firm........................................................................................42.2 describing the factor that driving the need for change...........................................................4AC 2.3: Assess the resource implications of the organization not responding to the Strategicchange. .......................................................................................................................................1AC 3.1: Develop systems to involve stakeholders in the planning of change.............................23.2 Developing change management strategy with stakeholders................................................23.2: Change management strategy...............................................................................................43.4: Strategy for managing resistance to change.........................................................................44.1 Appropriate models for change..............................................................................................64.2 Plan to implement model.......................................................................................................84.3 Measures to monitor growth..................................................................................................9CONCLUSION................................................................................................................................9Recommendations......................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONStrategic change management is that process which helps to manage change in thestructured way so that it will help to meet the organizational goal as well as mission. For everycompany, change is necessary in order to continue to thrive and to stay competitive in the marketas well. In the same way, chosen company is HSBC which is one of the leading investment bankfin UK and report will describe different models of strategic change and describe the need ofadopting the change into the working area and then discuss the factor as well as resourceimplications that needs for the change. Further, study also develop a system that involvestakeholders and then create the strategy for managing the resistance of change as well. Lastly,report describe best model for change and measures to monitor progress as well. Introduction of organization and background of changeHSBC bank is the British multinational investment bank in UK and it is the seventhlargest bank in world as per its assets, further, the company also has more than 3800 offices inmore than 65 countries and also has more than 38 million customers. Therefore, this shows thatfirm has brand image at international level. Currently the company faces issues technologicalchange and for that there is a need to implement change model by analysing the marketconditions. 1.1 Presenting the model of strategic changeLewin's change management model:It is the most common change management tool that remains relevant because of itseffective structure. Moreover, this model is introduce by Kurt Lewin and it is broken into threestages such that:Unfreeze:in this, the team should unfreeze their present process and change their viewsfor upcoming changes. Therefore, it helps the team to take challenge and complete thetask without bias (Change Management Tool, 2018).Change: next stage, in which mangers try to implement change through effectivecommunication in its entire channel. Refreeze: in this, by taking review from the peers, manager come to know whether thechange is implemented successfully or not. ADKAR model:1
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Change Management Plan for Apple Inc.lg...
|22
|6228
|162
Strategic Management Of HSBC And Royal Bank Of Scotland Group Assignmentlg...
|12
|3384
|336
Strategic Change Management - Reportlg...
|12
|3476
|481
Strategic Change Management Assignmentlg...
|19
|6424
|72
Assignment On Organizational Strategic Plan and Methodslg...
|10
|2591
|189
Strategy and Change management- HSBC Banklg...
|13
|3676
|139