Understanding and Leading Change Assignment - Lloyd and Metro Bank
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Added on 2020-11-23
Understanding and Leading Change Assignment - Lloyd and Metro Bank
Added on 2020-11-23
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Understanding andLeading Change
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Compare the different organizational examples where there has been an impact of changeon an organization strategy and operation..................................................................................1P2 Evaluate the way in which internal and external drivers of change affect leadership, teamand individual behavior...............................................................................................................4P3 Measures which can be considered by banking organization to minimize negative impactof changes....................................................................................................................................8M1.............................................................................................................................................10M2.............................................................................................................................................11TASK 2..........................................................................................................................................12P 4 Different barriers to determine leadership decision-making and use of force field analysisin organizational context...........................................................................................................12TASK 3..........................................................................................................................................15P 5 Different Leadership models and its effectiveness in organization....................................15CONCLUSION .............................................................................................................................18REFERENCES .............................................................................................................................19
INTRODUCTIONChange can be the foundation of competitive advantage but they required to be adjustaccording to the best possible manner. Most of the organizations have to change their structureaccording to new market trend and new technologies. This is the most effective and challengingchange factor that makes the proper effective and implementing nature of growth. Present studywill be based understanding and leading change. For that, study will be taking two organizationsfor making different organizational examples that impact on an organization strategy andoperations. Further, it will be more discussing and challenging for the company to make theproper effective and fast forward relationship within the organization goals. Study will be takentwo companies that is Lloyd's and one metro bank. This will also impact of the internal andexternal environment factors that impact on the overall industry. It will explain and determineinfluence leadership decisions making in a given organizational context. Moreover, this willemphasize the important of required changes that affect the business growth. Moreover, it willalso help to bring the best and effective working growth. Besides, it also defines the drivers forchange of the given examples and types of organizational change they have affected. TASK 1P1 Compare the different organisational examples where there has been an impact of change onan organisation strategy and operation.Change is the required tool for the organization development, that helps to identify thepotential consequences of a change, or estimating what needs to be modified to accomplish achange. This will also help to take the better advancing and challenging growth factors.Organization change can happen for several reasons, including financial concerns, merger andacquisition, expanding markets (Acharya and Steffen, 2015). Change is required in theorganization in order to enhance the better advancing growth and most effective decision makingapproach. Overall, change management will impact on the overall target market according tonature and growth. Overall, it makes situation stable and long lasting according to companychanging environment. Change management will also influence and long lasting effectivedecision making approach. There are different types of Impact analysis techniques. That helps tomake the best impact full decision making approach. To analyze the Bohner and Arnold are themaking task oriented performance level. Identify the best techniques to analysis the impact ofchanges such as Trace, Dependency and experienced. 1
Metro Bank PLC is retail bank which is operating in the United Kingdom. On thecontrary, Lloyds Bank Plc (Alston and et.al., 2016). Along with that, it will cover the majorlygrowth that affect the change accordingly and makes better affecting goals. There are given some factors that impact on the changes Basis Metro Bank Lloyds Bank Plc. The New customer Customers are the first drivingfactor that affect the overallfunctioning of theorganizations. On the basis ofproviding different strategiesand organizational policieschanges. This must beproviding the best effectivegrowth (Andrews, 2015).Overall, Metro bank havinglow customer approach ascompare to Lloyds Bank Plc.Customers switch to otherbanks from Metro banks dueto the reason of customerdissatisfaction and lateservices provided by the metrobank. This is the social factorsthat makes changes in thebusiness operations and makesthe proper changesenvironmental goals. Thisaffect the Metro banksstrategic as well as operationsgoals (Bridgman, 2016). Themain purpose of the client is toAs per the analysis of LloydsBank Plc. Customer aresatisfied with the changes andpolicies adopted by the bank.Customer needs flexibility andconsistency to defining theproduct offering, channels,brands and cost efficientdelivery. This makes thecompany profitable andchallenging. This is the factorthat affect the companystrategic and operationalfunctions and growth. Overall,it provides better changes andgoal oriented task (Bason,2018). New customer requirednew policies and low interestrates due to which companyfacing high challengingconcern level. Besides, it alsomakes the proper and effectiveperformance level all over, itbrings new challenging andfast forward decision makingapproach. All over, it helps to2
take the services from thefinancial institutes where theyget maximum profit revenue.Apart from that, it brings thebetter relationship between allcustomers and company(Cucinelli, 2015). The reasonof customer switching is thatMetro Bank have changestheir policies and structure invery constant manner. take the better growing andbest approachable decisionmaking approach.Supply Where's the Money This is the factors that affectedby the economic downturninfluence supply in thefinancial services' industry.This is the another changefactor that affect the Bankingindustry strategies and longlasting and effective changes.All over, it makes the mostforwards decision makingapproach(Cummings,Bridgman and Brown, 2016).It also helps to take the betteradvancing and challenginggrowth oriented changes. Supply methods requires to theleading changes and requiredmaking task. Overall, it bringsthe new challenging and fastforwards decision makingapproach. Overall, it bringsnew and better effectiveapproachable task orientedgoals and task makingperformance.Technology and infrastructure This is the another changegiven impact that affect thebusiness growth andchallenging growth factorTechnological factor givesIn terms of Lloyds Bankinggroup this terms is effectiveand challenging matter of fastforward decision makingprocess that affect the overall,3
high impact on the nature offact that gives the morechallenging and task orientedperformance making task(Doppelt, 2017). Overall, dueto technological changesMetro banks needs to adopt allrequired changes according tothe best possible manner.Besides, it also helps to takethe best performing taskoriented process. Thistechnical changes makes goodimpression on the nature fastforward decision makingprocess to be implementedproperly and task oriented(Elsmore, 2017). Overall, itrequires to be implementingprocess easily and fastforwarding. scenario of making good profitmaking task oriented process. As according to the Bohner and Arnold change impact analysis suggested about thechanges' analysis that affect business operations and different strategies. All over the scenarioand last oriented performance level of work that gives the long lasting effects and growthoriented matter.P2 Evaluate the way in which internal and external drivers of change affect leadership, team andindividual behaviour.Drivers of change are all those factors which have their impact on any organisation to make achange in their current organisational structure & environment (Fu and et.al., 2015). In4
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