Embeds digital creative worker and Creative - Myassignmenthelp.Com

Question: Discuss about the Embeds digital creative worker and Creative. Answer: Introduction The case study directly reflects the changes that are taking place in the banking sector. This directly focuses on managing the changes in order to accelerate the market changes and appealing the appropriate growth. This is important enough for gaining market focus and developing necessary outcome. It is necessary for arranging results in order to match up with the expectations in the banking sector. Thus for a banking sector it is important to meet the organizational targets and meeting with the best possible results. The leadership qualities exhibited by him helped in meeting the organizational targets. For a banking sector it is evident to manage long term effectiveness that will help in organizing long term effectiveness. By focusing over the cultural challenges that are taking place in the banking sector it is possible to track on the success and the breakout that is necessary for arranging sustainable results (Murray, 2014). Main features of organizational transformation during McFarlane McFarlane is responsible to introduce changes in the organization. The organizational transformation occurred due to his efforts and aimed to arrange long term sustainable changes in order to gain competitive advantage. He was focused on bringing out the best out of the employees in order to gain superior leadership skills. McFarlane is a well-rounded individual committed towards work family and commitment. During the distress in the banking sector it was assumed by people that the banking sector is not doing the right thing. He introduced a freeze on branch closures. He criticized the retreat from the rural community. He was the first person to raise the issue regarding the placement of female candidates at the top position. He believed in taking strict measures for Corporate Social Responsibility in order to undertake effective organizational role. This initiative taken by him was very well appreciated and helped the bank in gaining name and improving its image. He did exactly as p romised. The changes introduced by him helped in gaining systematic growth in the banking sector. He lowered the banks risk profile by bailing out the investment in the emerging market. Moreover the banking structure was re-established the head operations while streamlining and vacating the head office. His strategy was to focus on chasing retail customers. The step toward organizational transformation was first in order to attain effectiveness even under adverse banking situation. He has worked constantly in the favour of gaining a balanced growth in the banking sector. The first step towards organizational transformation was taken in 2000 with an aim to convert ANZ into the bank with a human face. His leadership skills and team therefore helped in gearing up the changes. It is important enough to gain strategic goals and managing long term effectiveness in the banking sector. The internal discrepancies in the bank and its culture were eliminated through the effective policies. Thi s is important from the point of view of generating better results and focusing over the organizational growth. It is necessary for meeting the organizational targets and meeting with the best possible results. The leadership qualities exhibited by him helped in meeting the organizational targets. The deficiency in banking sector was well-addressed in his tenure with efficient leadership skills. It is important enough for the banking sector in order to meet the targets. This is important enough to deal with the changes that are taking place in the banking sector. On a long run, it is important for arranging changes when required. The purpose was to manage changes that were occurring in the banking sector. It was important enough to manage effective changes that are taking place in banking sector. He developed value in employees by implementing different strategies. This is important for generating better roles and responsible for arranging effectiveness in order to undertake effecti veness. This is necessary from the point of view of gaining focus. The bank determined its market position in order to determine its market position. This is important enough for evaluating market place and developing critical position in order to generate long term effectiveness. This is necessary from the point of view of developing a suitable brand name that will allow in recognizing the brand position (Corporate Leadership - John McFarlane, CEO, ANZ, 2006). The organizational culture was developed against the standards creating better opportunities in order to mark remarkable growth. There are certain main areas of improvement into the sector that will help in motivating the employees. It is evident from the point of generating effective results and attaining full-fledged growth. The fall in the organization was coordinated by managing the financial coordination. This is important enough for attaining effectiveness in an order to control organizational growth. Under his tenure t he bank underwent multiple changes necessary for overcoming the recession (Walker and Rowlinson, 2007). The bank undertook 11 measures in order to gain effective position. The focus was on generating effectiveness through defining mission, targets, organizational approach, unit performance, feedback consequence management, coordination and control of financial data in terms of people, motivation in terms of value generation. This will eventually allow in managing effectiveness and attaining sustainable growth. This is important enough for attaining goals that are important enough for maintaining organizational effectiveness. This is important enough for developing and undertaking the necessary outcome. The central purpose of this strategy is to attain cultural transformation (Farrel, 2015). Challenges for the managers while implementing changes There are challenges pertaining to the culture. In order to implement a change it is important to attain effectiveness. By focusing over the cultural challanges that are taking place in the banking sector it is possible to track on the success and the breakout that is necessary for arranging sustainable results. Thus performance is an important part to the banking sector based on the clear key result area. This is important enough for managing the financial, customer, people and community measures. This practice do undergoes performance management from the point of view of managing the front line support and customer facing issues (Gan, Cohen, Clemes and Chong, 2006). The banking sector does follow a strategy in order to manage the following strategies which include: Performance planning phase, performance coaching and assessment. This is likely to be more effective from the point of view of implementing changes in an organization. This is necessary for encouraging effectiveness and attaining performance coaching phase. Managers do have a duty to undergo challenges in order to attain role and responsibilities (Gormley, Kim and Martin, 2012). In order to deal with the situation, t is important to measure the challenges and arranging the effective role and responsibilities in order to gain growth. Changes are hard to be implemented in an organization. While implementing any change it is important to focus on effective measures that will help in focusing over the consistent results. This is important to overcome the challenges and setting the pre-requisite measures that will help in arranging systematic growth and result. While managing the organizational growth and development this is necessary for attaining effective role and responsibilities. It is necessary enough for focusing over the employees performance and measuring the performance per year. This is important for implementing necessary growth in the employees (Bajada and Trayler, 2015). Over the year, ANZ has established a definite mechanism that has helped in developing talent. This is important enough for hiring the employees who plays an important role in attaining systematic growth. Bank has imposed development plan over the year that has helped in attaining systematic growth. In order to assist the new talent and to hire better employees it is evident to provide with quality control training. This is necessary for attaining systematic growth which is necessary in order to manage the quality inside an organization (Thaichon, Quach, Bavalur and Nair, 2017). It is the topmost priority of the banking sector to arrange better role and responsibilities. The comparable talent management program therefore helps in attaining strong organizational base. This strategy is important enough for achieving organizational effectiveness. This is necessary for attaining development process that will assure productivity. It is necessary for assuming sustainable results and appreci ating the changes that are taking place in the surroundings. This strategy plays an important role in meeting the challenges and reciprocating the best result. For attaining effectiveness it is necessary for generating effective role and responsibility (Wu and Shen, 2013). These challenges occurred in the banking sector has caused a major setback in order to meet out the result. This is necessary for gaining all possible result and maintaining a balance in order to approach results. This is possibly important for attaining effective growth which is only possible by promising the changes that are important for acquiring systematic changes in the coming years. It is necessary enough goals that are necessary for arranging appropriate results. It is helping in reflecting positive growth while meeting the challenges in order to attain results that are important for managing effectiveness. It is necessary for achieving effectiveness and gaining the purpose which is important for arranging effectiveness. This is necessary for arranging the people cost. The overall aim is to increase the productivity and to gain growth (Murray, Davis, Hewson and McNamee, 2014). This is evident from the point of view of generating organizational effectiveness. This is necessary for attaining better organizational growth and development. This is effective from the point of evaluating the growth and structure in order to manage effectiveness. The most challenging task is to find out the way to level the gap in between the top and the low level management. It is important enough to gain effectiveness and arranging better organizational opportunities. The emerging challenges that are taking place in the organization have helped in arranging the dynamic changes that are taking place in the banking sector. Implementation of the changes that are introduced is harder to be implemented in the changing banking scenario. It is definitely important for attaining necessary growth in the coming year s (Goldsmith, 2014). Role of leadership in implementing changes Over the year there are majority of changes that are implemented in the banking organization in order to sustain changes that are occurring. In the given case study, Smith and his senior management undertook the action in the beginning of 2008 to put the organization at a competitive position. The purpose was to sustain the changes that are taking places in order to sustain changes. This is important enough for measuring the appropriate changes in order to attain effective role. The primary focus is to implement the changes and attaining systematic growth. This is important enough for dealing with the structural changes. It is necessary for understanding the challenges that are taking place in order to reflect the importance of employees and the stakeholders (Rice and Peter, 2015). These directions are important for adopting the changes in order to maintain an effective growth. This is necessary for maintaining growth and focusing on organizational growth and development. 2008 was a year of challenges that requires a commitment in order to arrange organizational effectiveness at the time of breaking banking sector. There were wide cultural gaps in ANZ that were the major reason behind the failure of the banking sector. It is important for managing the challenges in order to focus on the gap that was created due to financial downfall. This is important enough to manage the challenges in order to synchronize the growth. The overall purpose is to deliver the directions that will help in understanding the changes (Wu and Shen, 2013). This is necessary for attaining effectiveness and developing the better results in order to provide a systematic growth. In order to organize the organization, this is important to develop a systematic role and responsibility that will help in arranging the employees requirement. It is necessary to gain effective role and responsibility by focusing on individual for meeting the targets. It is effective from the point of view of achievi ng systematic growth that will help in synching long term sustainable results (Prez and Rodrguez Del Bosque, 2014). While focusing on the organizational growth, it is evident to develop better results that will help in arranging systematic growth. It is necessary from the point of gaining effectiveness. Thus for achieving better results, it is important to arranging effective role and responsibility. This is necessary for attaining better outcome. It is necessary for achieving better results and applying the better outcome that will help in focusing on long term sustainable results. This is necessary for attaining long term growth. In order to identify the growth, it is necessary to manage the long term effectiveness. ANZ has not actually identified the risks that are associated with the banking sector. This has largely affected the banking sector in order to arrange the changes to meet the effectiveness. This is important enough for gaining sustainable growth and matching up with t he consumer expectations. This is necessary for arranging goals that is necessary for matching up with the employees expectations. It is therefore important to arrange the realistic approach and adjusting it with the consistent growth. It is necessary enough for developing the better outcome that will help in matching up with the expectations (Scholtens, 2009). This is important enough for generating better outcomes in order to meet the challenge. It is necessary for matching up with the expectations and dealing with the challenges. It is necessary for creating effectiveness and meeting up the necessary growth. This is important enough in order to deal with the changes that are taking place (Goyal and Joshi, 2011). Leadership is important enough for meeting up with the individual expectation. The purpose is to manage to challenges that have a direct impact on the long term sustainable plans. It is evident from the point of generating better choices in order to implement the challeng es that are taking place in order to increase the overall opportunity. This is necessary for arranging better role and responsibilities. It is necessary for affirming the challenges that are important in order to attain growth. This is important from the point of generating growth and responsibility while focusing on the sustainable results (Nemati and Barko, 2004). Recommendations It is necessary for managing effectiveness and delivering productive result. It is necessary for the purpose of this strategy is to match up with the individual expectations and developing a process to undergo changes. This is important enough for gaining effective changes and focusing over the banking requirement. It is however important to match up with the expectations of the customers. This is necessary for managing organizational effectiveness and developing better opportunities in order to gain results. It is therefore important enough for generating better opportunities in order to gain effectiveness. This is important from the point of view of generating better banking facilities. It is however necessary for maintaining growth opportunity in order to gain effective market position. This is necessary for generating effective banking role and position. This will help in maintaining a significant place in the market. It is important for gaining adequate results and focusing over the upcoming challenges. Conclusion To conclude, it is evident from the point of gaining effectiveness in order to meet direct banking needs. In the changing financial market, it has become important to manage the market and to provide with the best solution. The case study therefore reflects the changes that are important to be managed. This is necessary for overcoming the challenges and managing the most appropriate situation. It is important aspect while implementing the changes in the best possible way. It is effective from the point of gaining effective growth. This is important from the point of view of gaining effective growth in the banking sector. References Bajada, C. and Trayler, R., 2015. Technology-driven service innovation in the banking industry. InThe Handbook of Service Innovation(pp. 319-343). Springer London. Corporate Leadership - John McFarlane, CEO, ANZ,2006. Online. Available at: https://www.haygroup.com/au/downloads/details.aspx?id=15916 Accessed on: 11 January 2017 Farrel,S. 2015. John McFarlane brings his chainsaw to Barclays. Online. Available at: https://www.theguardian.com/business/2015/jul/08/john-mcfarlane-barclays-reputation-antony-jenkins Accessed on: 11 January 2017 Gan, C., Cohen, D., Clemes, M. and Chong, E., 2006. A survey of customer retention in the New Zealand banking industry. Goldsmith, B., 2014. 9. Embedded digital creative workers and Creative Services in banking.Creative Work Beyond the Creative Industries: Innovation, Employment and Education, p.145. Gormley, T.A., Kim, B.H. and Martin, X., 2012. Do firms adjust their timely loss recognition in response to changes in the Banking Industry?.Journal of Accounting Research,50(1), pp.159-196. Goyal, K.A. and Joshi, V., 2011. A study of social and ethical issues in banking industry.International Journal of Economics and Research,2(5), pp.49-57. Murray, L.2014. ANZ's McFarlane has an aversion to cash. Online. Available at: https://www.theage.com.au/news/Business/ANZs-McFarlane-has-an-aversion-to-cash/2004/11/18/1100748146736.html Accessed on: 11 January 2017 Murray, D., Davis, K., Hewson, C. and McNamee, B., 2014. Financial System Inquiry.Final Report. Canberra, The Treasury of the Commonwealth of Australia. 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Corporate social responsibility in the banking industry: Motives and financial performance.Journal of Banking Finance,37(9), pp.3529-3547.