Strategic Management for ANZ Group: PESTEL and Five Forces Analysis

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Strategic Management
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Strategic Management
Contents
Introduction..........................................................................................................................3
Background of the organization...........................................................................................3
PESTEL analysis.................................................................................................................3
Five forces analysis..............................................................................................................4
Strategic analysis.................................................................................................................6
Conclusion...........................................................................................................................6
References............................................................................................................................7

Strategic Management
Introduction
Strategic management is crucial in the large organization for a better outcome of the
performance. There are several constraints upon which these strategies are made and
measured. Various internal and external analyses are involved to make a perfect set of
functionaries for a company (Nurcholis and Satria, 2017). ANZ group is regarded as one
of the best banks in Australia and New Zealand upon which a description in this report is
given. Various analyses such as PESTEL, Five forces model, and recommendations for
improvements have been justified in this report. There is also a complete brief upon how
the company works and performs in the Australian market.
Background of the organization
ANZ group that is Australia New Zealand Banking Group Ltd. is the third largest bank in
Australia by market capital. It is a bank which provides the huge set of commercial
banking services to the people who are associated with it. Commercial banking includes
various activities such as retail banking, maintenance of various accounts, wealth
management etc. It provides the best workplace culture for its employees so that they can
provide best investment advice to its clients (Sung and Park, 2018). Also, ANZ group
believes in giving back to the society by various strategies and means. The company has
a set of rules upon which it makes sure that it has best strategies for the operations so as
to stand among the top in operations. The bank has also been aiming to target several new
emerging markets where the chances of expansion and business are really high. The
business is already performing best in various locations where it is operating. The
strategic alliances of the company are very particular and distinct based upon several
market analyses.
Bitcoin is one of the advanced cash in which the procedures and components of
encryption are used for managing the age of units of money and confirming the exchange
of assets. This money is worked autonomously of a national bank. Bit-coin has been
considered as the most well-known case of a creating innovation that have a capability of
acquiring progressions the managing an account area. By making utilization of the polish
of science Crypto-monetary standards empower relatively moment exchange of

Strategic Management
significant worth at least or no costs between two gatherings without the requirement for
a trusted outsider.
PESTEL analysis
PESTEL analyses consist of the evaluation of various external factors which may directly
or indirectly impact the business of an organization. This analysis plays an important role
in the formation of strategies for a company which is performing its function in this
competitive world. ANZ group is regarded as one of the best banks in Australia so there
are several hurdles which it has to overcome in order to have smooth functioning of the
company as a global performer (Kusyk, Uyar and Sahin, 2018). In other words, taking up
operations in various countries justifies various sets of rules which has to be taken into
account for which PESTEL analysis is significant. The following is a brief of the
analysis:
Political
Every country has a justified set of constitutional rules which has to be followed by the
emerging businesses. The formation of these rules depends upon several terms such as
the political environment of the nation, ruling party etc. So, the change in the formation
of the new set of rules from the government can impact the business and its functionaries
which is crucial to be accounted for a better functioning (Lumbroso and Ramsbottom,
2018). ANZ group have its functions in banking which is very much dynamic with the
new set of rules every time. Hence, every country has the different type of political
environment which has to be taken into account by ANZ while conducting its operations
at various locations. Based on the exploration it has been noticed that Crypto-monetary
forms have had a solid political atmosphere that is supporting them in picking up
prominence. A standout amongst the most experimental effects of digital money is
decentralization of cash issuance and furthermore the cryptographic forms of money are
not under the control of administering specialists. The cryptographic money is
decentralized on the grounds that the administration does not back them and subsequently
the clients are executing specifically without impedance of the state. What's more, these
all are the reasons that delineate the effects of cryptographic forms of money on the ANZ
Group.