StudentShare solutions
Triangle menu

Company analysis - Bancolombia - Essay Example

Not dowloaded yet

Extract of sample
Company analysis - Bancolombia

The different culture and characteristics of the three banks participated in the merger were not easy to be managed. The recent retirement of the firm’s CEO would set the future of Bancolombia in risk, if the new CEO would not be able to understand the firm’s culture but also the employees’ needs. Table of contents Executive Summary 2 Problem Statement 4 Supporting Evidence 4 Key decision criteria 7 Recommendations 8 References 11 Appendices 12 Problem Statement The development of the problem statement in regard to this study requires the reference to a series of events that led to the formation of Bancolombia, as in its current form. Bancolombia is an organization resulted from two mergers. In its initial form, Bancolombia resulted by the merge between the Banco Industrial Colombiano (BIC) and the Banco de Colombia. The above merger took place in 1998 and led to the establishment of Colombia’s most powerful firm in the banking industry (case study, p.3). Bancolombia, the firm resulted by the above merger, reached a market share of 11.5% (case study, p.3). ...
The identification of effective HR management practices was of critical importance in Bancolombia, as a business entity established in 1998. In the context of the second merger, a similar issue has appeared. The second merger took place between three firms of the Colombian banking industry: Bancolombia, Conavi and Corfinsura. These firms used different approaches in regard to the management of their HR: a) in Bancolombia, emphasis was given on cooperation for ensuring that organizational targets in regard to profitability are met; the ‘Added Value System, (ADV), a customer profiting strategy’ (case study p.4) was used in Bancolombia to achieve this target. In addition, managers in Bancolombia have promoted a scheme called ‘Cultural Transformation Workshops’ (case study p.3) for ensuring that employees in Bancolombia are fully aware of the culture of the firm; b) in Conavi, employees’ needs were highly valued; in fact, ‘high job stability and continuous interaction between employees and managers’ (case study p.5) have been the key characteristics of the firm’s HR strategy; c) in Corfinsura employees had to deal mostly with ‘large corporate clients’ (case study p.5); therefore, most of the firm’s employees were experts in investment banking services (case study p.5); Bancolombia, in its final form, had to deal not only with investment banking services but also to retail services. This problem has been highlighted by managers in Bancolombia, after the firm’s merger with Corfinsura. According to the above, this study’s research problem could be described as follows: would Bancolombia be able to secure high employee performance taking into consideration the important differences in the HR strategies of the three firms participated in the ...Show more

Summary

Company Analysis – Bancolombia Executive Summary Developing a successful merger can be a quite challenging task, even for managers who are highly experienced in such plans. On the other hand, the success of a merger may not be clear immediately; often, it is required for a specific period of time, even up to a year, in order for the first signs for the merger’s success to appear…
Author : richardhahn
Company analysis - Bancolombia essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Company analysis - Bancolombia"
with a personal 20% discount.
Grab the best paper

Related Essays

Starbucks Coffee Company Analysis
The scope of this report is limited to the United States business segment of Starbucks which is one of the three reportable operating segments of the company apart from the International segment and Global Consumer Products Group segment (Starbucks Corporation, 2012).
12 pages (3000 words) Essay
Company analysis
Likewise, production is also one of the most important areas to focus on especially since Gretchen’s is a food company that take pride in providing the best quality food for the target customers. Finally, plant and facility was evaluated because the building or plant itself and the equipment and machines play an instrumental part in everyday productions.
2 pages (500 words) Essay
Company Analysis - Google
Google has completely revolutionised the face of internet as a medium for searching out information that ranges from food and lifestyle to government legislatures. Google as an organization was founded in the year 1996 by two bright Stanford University students Larry Page and Sergey Brin.
6 pages (1500 words) Essay
Shaw Flooring Company Analysis
Along with carpets, rugs, ceramic, hard wood and laminate floor coverings are also produced by them. Company's annual sales amounts approximately 6 billion and more than 30000 workers are employed in the firm. Shaw Flooring is the creator of Dalton as world's carpet capital and now dominating the Georgia's carpet industry.
7 pages (1750 words) Essay
Company analysis
This is a manner in which the stockholders also can maintain their interest in the situation. The stockholders if they have certain issue s they need to resolve they are permitted to talk to the management about it. The management is quite responsive towards the stockholders, they are all kept in touch always, and matters are discussed in high profile ways.
10 pages (2500 words) Essay
Company Analysis
One of my strengths is the willingness to listen to others, as shown in the student peer evaluation table. In my opinion, this item number 5 is a major characteristic which can be utilized in the workplace to make it productive and effective. As a production head, i constantly put efforts to patiently listen to others including the sub-ordinates, get to know their innovative ideas, make their voices heard, and engage all the people around in the communication process.
6 pages (1500 words) Essay
Hospitality Company analysis
Stinking Rose Restaurant is a place that one can spend vocation with a family. Being an international hospitality company, stinking Rose aims at maintaining strong human resource. The company is known for the philosophy of picking the right man for
3 pages (750 words) Essay
Company analysis
As such, The Spirit of Women Magazine should scan the environment in different countries for these factors before launching its online publication. Across the globe, there are different
1 pages (250 words) Essay
Company analysis
In regard to market share, when other brands such as Burgers King have been losing market share, McDonalds still experiences increase in its market share. Perhaps, the reason behind its success is attributed to continued innovative and management
6 pages (1500 words) Essay
Company Analysis for Nike
Of course, the overall aim is to have a huge market share and compete with other sportswear companies such as Adidas and Reebok. The company has endorsements with different companies and football clubs. All
8 pages (2000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation