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

Strategic Managment - Assignment ExampleIt involves the mission, vision and objectives of the compevery and also the policies and plans that are made to achieve these objectives. Strategic attention helps the company to decide active allocating resources and plans in different programs and projects (Sadler, 2003). Our question asks us to discuss and analyse the strategic capabilities of HSBC and Oman International Bank during their merger in Oman. While applying a suitable guess from the strategic management context, we have selected the SWOT analysis framework for the given case study and in the following sections we willing be discussing about the respective(a) 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 bank. Strategic capability and strength of HSBC in the merger can be tell as the opportunity the bank will get to invest $97.4 million additio nal capital in a key economy like Oman in gulf. As HSBC is present over there for 60 years in Oman thus they have recognized that this merger as a opportunity which will permit them with lots of opportunities in Oman. On the other side, OIB is the fifth largest bank is Oman who had gross assets of $3.2 billion at the end of December. The strength of the merger with HSBC Oman will provide the company with huge additional 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 eliminate for the new organization Change management can be defined as an approach which is use d 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 conjecture 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 discernment regarding changes. The first step involves moving a department or individual or entire business organization towards the motivation that change is necessary to subsist in this ever changing competitive environment. The second stage refers to the step towards transition. Because change is not event, it is a everyday pr ocess. Transition is the internal movement towards the change. It heart and soul 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