Organizational Change Plan - Essay Example

Extract of sample
Organizational Change Plan

The situation to be discussed in this case is no exception: the desired change should first be situated within the greater context of the company’s overall goal, in order to determine how best to take the company from its present to its desired status.
The present situation
Ranchers Bank (RB) is a $3 billion financial services firm that exclusively deals in extending loans to farmer and ranchers for agricultural purposes. It operates solely in Texas and employs 1,000 loan officers in 254 offices located in each county. RB is a traditional bank which waits for clients to walk into its local offices to apply for loans. For several years, the agricultural sector has experienced zero growth, and the company’s profitability has suffered as the rate of new business generated is only half of the rate of payoff. There is a strong possibility that if RB continues doing business the same way it has done so for the past 30 years, it shall eventually end up in bankruptcy.
The strategic goal/s
RB’s principal goal is to stay viable and avoid bankruptcy; since bankruptcy is inevitable if the bank maintained status quo. RB therefore needed to change from the status quo merely to survive. This leads to the secondary goal – that of growth. ...
Download paper


Organizational Change Plan

Background of the change situation
In the course of planning for change adoption, before the technical, tactical, and practical issues are discussed, it is important to first address the Big Picture (Humphreys, 2005). …
Author : hmarvin
Download 4

Related Essays

Organizational Change
9 pages (2259 words) Research Paper
Organizational Change Business Essay.
3 pages (753 words) Essay
Organizational Change: Critical Analysis
8 pages (2008 words) Research Paper
Organizational Change and Development
4 pages (1004 words) Essay
Organizational Change: Peppercorn Dining
7 pages (1757 words) Case Study
Managing Organizational Change
8 pages (2008 words) Term Paper
The Historical, Current and Future Sustainability of Cork in Portugal
4 pages (1004 words) Essay
Derivatives and Foreign Exchange
10 pages (2510 words) Term Paper
Integrating Design and Production
31 pages (7781 words) Coursework
Organizational Change
9 pages (2259 words) Research Paper
Got a tricky question? Receive an answer from students like you! Try us!