Strategic Managment Assignment Example | Topics and Well Written Essays - 750 words

Strategic Managment - Assignment ExampleIt involves the mission, vision and objectives of the go with and also the policies and plans that are made to achieve these objectives. Strategic management helps the company to decide about allocating resources and plans in different programs and projects (Sadler, 2003). Our inquire asks us to discuss and analyse the strategic capabilities of HSBC and Oman International Bank during their merger in Oman. While applying a suitable theory from the strategic management context, we have selected the SWOT analysis framework for the given upshot study and in the following sections we will be discussing about the various strength, weakness, opportunity and threats aspect of these organizations. HSBC has operated in Oman since 1948 and has decided to merge its Oman branch with Oman international jargon. Strategic capability and strength of HSBC in the merger bum be stated as the opportunity the bank will get to invest $97.4 million redundant ca pital in a key economy alike Oman in gulf. As HSBC is present oer there for 60 years in Oman thus they have recognized that this merger as a opportunity which will provide them with lots of opportunities in Oman. On the other side, OIB is the fifth largest bank is Oman who had raw assets of $3.2 billion at the end of December. The strength of the merger with HSBC Oman will provide the company with huge redundant capital and the 60 years of operating experience of HSBC and the merger will not effect on the listing of OIB on Muscat Securities Market. The weakness of HSBC Oman before the merger is that HSBC has lack of opportunity and the weakness of OIB is that it is in the fifth position in the country and has lack of potential staffs. This merger will create the largest bank in Oman. Question 2 Identification and Critical evaluation of the change management style that I think is appropriate for the modern organization Change management can be defined as an approach which is used in transitioning any team, company or any individual to change it in a desired state. It is a systematic approach which deals with the change from both side of a company and individual. Change management has different aspects which includes adapting the change, controlling change and effecting change (Anderson, 2010). From the aspect of this case, I will like to relate it with the view point of Kurt Lewins change management style. The theory is also known as the Unfreeze, Change, Freeze or refreezes (Liu, 2011). Unfreezing stage is the most important stage in change management. It indicates that the company should be ready to change. It involves the understanding regarding changes. The first step involves moving a department or individual or entire business organization towards the motivation that change is necessity to survive in this ever ever-changing competitive environment. The second stage refers to the step towards transition. Because change is not event, it is a everyday p rocess. Transition is the inside movement towards the change. It means the company is unfrozen and moving towards a new form. Strong skills and support is necessary in this stage in the form of training and guiding. Same in case of HSBC bank Oman SOAG, new company needs this change strategy to unfreeze itself to proceed