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Joy of Writing in an office

Autor:   •  April 18, 2018  •  2,207 Words (9 Pages)  •  487 Views

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The research was conducted to find the correlation between leaders and corporate culture development through various elements management incorporation. Organizations must integrate rigorous methods of management strategies and corporate change management methods for achieving quality performance. Financial institutions have to stay competitive in comparison to direct competitors and the market. Hence change can be assumed as an inevitable and imperative process for all institutions due to technological advancement and innovation. Revolution in technology development affects financial institutions in terms of applications and software’s used for their operations. Alignment of organizational goals accordingly with technology advancement requires preplanning that will amalgamate smoothly with potential changes within corporate culture. There are many organizations that must affiliate with financial institutions such as credit bureau, law, automotive and security firms. these systems avail the facilities of financial organizations in order to meet their day to day operation and produce their products and services. Therefore implementing change to achieve quality performance will require either technological change, management change, procedures change and many more. As for management preference, the majority felt they perform more effectively under macro-management, as financial institutions tend to focus more on micro-management to achieve their day to day results. However the majority agreed that their current leader is supportive, but they still prefer macro-management where they are more work driven and are not bothered on a daily basis for work completion. Therefore, management is a crucial factor for organizational success in the financial industry with formidable reference to alignment of management, change, and corporate culture. The main objective is to develop corporate culture accordingly with the support of implementing the right change and placing the right management strategies within the workplace.

the dissertation research offers distinct prospects to acquire skills including literature review and use of the right tools to test the hypothesis presented, gathering information and involving participants. Participation of respondents is an important concern in the research since the research can be refined with flawless answers. The research also poses certain limitations in terms of connecting to upper leaders from various companies such as regional leaders and board of directors. However the availability and location of those managers enable employees to get in touch with direct leaders in the area. Understanding the perception of employees towards management and change enhances the understanding of why organizations execute such strategies from both parties. Therefore, the dissertation research conducted explored new innovative ideas that can be reinforced and embraced by applying certain strategies and procedures with the support of implications provided through surveys and questionnaires. The consideration of dissertation research on corporate culture in a company can provide intricate details pertaining to research objective in comparison to research on an industry as whole. It allows acquisition of accurate data related to a company and its corporate culture. Hence processing surveys and questionnaires would be simplified.

Meanwhile conducting surveys and polls participants asked about the purpose of the study and the primary objective. After explaining the aims of the inquiry some managers acknowledged the importance of the study and assisted in accomplishing the data gathering objectives. After thorough analysis of the collected data it is recommended to involve corporate culture more towards corporate and personal development. Despite the high percentage of leader support gathered through the survey, organizations need to uphold the momentum and enhance corporate development by making employees feel important to the organization. When survey questionnaires were provided to staff and after further discussions with them, their majority suggested how valuable they would feel when they are involved in sharing ideas for corporate enhancement in context of specific sectors such as retail, human resources information technology and more. Every employee plays a critical role in determining their position and promoting their significance is the key factor for organizational success.

Further studies within corporate culture and management are extremely essential. High turnover and turnarounds are resulting from poor leadership, management and change strategies in organizations. All industries combat on daily basis to reduce expenses and unnecessary costs. Formulating a resilient corporate culture will not only strengthen the organization but also make it more competitive among competitors and the market. Practitioners can take advantage of the dissertation and relate within their financial institutions if they experience similar outcomes. Further research can be conducted and analyzed to explore further opportunities that can benefit the financial industry as a whole. Lastly, studying the role of leadership and managers towards corporate culture development by empowering change and quality achievement reveal many learning opportunities and shared perceptions of different individuals and their view on this topic.

Limitations and scope of the research:

The scope of the research directs towards the influence of leadership on development of corporate culture. Leaders are entrusted with the responsibility of sustaining the corporate culture established in financial institutions through promising quality management and change. The research highlighted the statistics from prominent banking institutions in Canada such as CIBC Bank of Canada. The research illustrated the varying impacts of change management in context of implementing new corporate culture. The research also pointed out to the perception of general managers and employees of various banks regarding the role of corporate culture and its significance in change management. The research presents adequate informative material for implementation in future research. The limitations of the study can be considered in the limitations implemented during data collection process and the ethics required in financial institutions as well as research process. Researchers must comply with ethical standards such as non-disclosure agreement with participants. Since the participants are employees in financial institutions, they may feel hesitant to provide precise information. Hence they should be assured of the confidentiality of their responses which would ensure acquisition of credible data.

This research can benefit various ways for further research. first it can

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