Ethics Development Essay - 1423 Words

Ethics Development Ethics guide the decision-making and actions of an individual. More extensively, collective employee ethics shape the direction of a company. This document will explore sources of ethical influence, both for individuals, and organizations. It will further explain the need for ethics at an organizational level, how those fit in with directions and goals of an organization, and finally conclude with the effect both individual and organizational ethics have on society. Personal Ethics People find themselves facing questions with negative and positive consequence each day. At each stage of life, an individual faces ethical questions, â€Å"Is it acceptable to cheat on a test? Or, cheat on a tax return? How about committing†¦show more content†¦Sponsors like Gatorade and Accenture dropped the sports legend, believing his transgressions reflected poorly on their products. Other public battles with personal ethics include those of celebrities John Mayer, Michael Richards, and Don Imus. Each used racial slurs that spurred public outcry and hurt their respective careers. Ethical Influences on Individuals â€Å"All of us belong to organizations. We’re members of schools, fraternities, sororities, clubs, sports teams, religious organizations, and work organizations† (Nelson Trevino, 2007, chapter two, p. 2). Ethical influences are everywhere, and develop from the earliest stages of upbringing. Ethnicity, race, religion, gender, sexual orientation, generation, class, and family background are just some of the elements that will shape identity, values, and beliefs. Ethical systems are the summation of group dynamics and personal values, and become the ideology a person uses to steer personal decision-making. Nelson and Trevino explain their individual decision-making process: individual differences and bias meshed with awareness and judgment, begets behavior (Nelson and Trevino, chapter two, 2007, p. 19). Awareness to, and judgment of, issues can change as an individual matures and experiences more socially. As theShow MoreRelated Personal Ethics Development Essay1074 Words   |  5 PagesEthical behavior and development are traits and skills that are always improving. Although the skills are improving the basic make up remain the same. The ability to incorporate character, morals, and values encourage a person’s ability to enhance the ethical behavior of an individual. This paper will define the ethical system used to best develop a person, discuss the potential effect that can become beneficial to the corporate environment and explain why organizations need ethics within the companyRead MoreDevelopment Ethics And Environmental Injustices Essay2730 Words   |  11 PagesDepartment of Philosophy University of Dhaka Dhaka 1000, Bangladesh Title â€Å"Development Ethics and Environmental Injustices in Bangladesh† Research Problem Critiques of understanding development as regards the processes of economic growth, industrialization, and modernization are common on the grounds that it raises as many problems as it solves. As a reaction, some scholars propose a normative understanding of development as the point of departure for overcoming economic and social inequalities andRead MoreThe Development of a Code of Ethics in Information Technology1760 Words   |  8 PagesThe reading that was investigated consisted of an article from Dr. Rochelle Brooks entitled â€Å"The Development Of A Code Of Ethics An Online Classroom Approach To Making Connections Between Ethical Foundations And The Challenges Presented By Information Technology†. Brooks (2010) studies the ethical challenges that are prevalent in the Information Technology (IT) field. Furthermore, Brooks (2010) examines how workers in the Information Technology filed should have lucid ethical policies to adhereRead MoreEssay about International Deve lopment Ethics2965 Words   |  12 Pagesgenesis of international development ethics as well as its current areas of consensus, controversies, challenges, and agenda. A relatively new field of applied ethics, international development ethics is ethical reflection on the ends and means of socioeconomic change in poor countries and regions. It has several sources: criticism of colonialism and post-World War II developmental strategies; Denis Goulets writings; Anglo-American philosophical debates about the ethics of famine relief; and PaulRead MorePersonal Ethics Development Paper871 Words   |  4 Pages(2007), define ethics as â€Å"the principles, norms, and standards of conduct governing an individual or organization.† I was influenced the way I determine different actions or behavior in a particular situation since I was a child. Growing up with a single Catholic mother made me value different things and behave in a particular way. In addition, this made me a have a parti cular ethical system that influences the way I work and act as an individual. At the corporation level, ethics is important becauseRead MoreA Code Of Ethics Limits The Development Of Psychological Theory Essay1499 Words   |  6 PagesDiscussion of the claim that ‘adherence to a code of ethics limits the development of psychological theory’ The introduction of the Nuremberg Code in 1947 was a direct consequence of the Nuremberg Trials in which various Nazi doctors were found guilty of carrying out brutal and heinous research experiments on humans during the second World War. Subsequently, the key principles contained in the Code became the basis of ethical behaviour in any medical or psychological research which includes theRead MoreDefinitions And Development Of Deontological And Teleological Ethics1039 Words   |  5 PagesIntroduction This essay will include the background and development of deontological and teleological ethics. Also, it will compare and contrast the absolute and relative ethics. Finally, it will contain the ethical issues which can affect the operational activities of the business. In order to support the points, it will also include the real life examples. AC 1.1 - Background and development of ethical approaches Teleological ethic - this describes an ethical theory which judges the rightnessRead MoreAristotle And Marcus Cicero s Perceptions Of Virtue Ethics And The Development Of Economic Society1623 Words   |  7 Pagesexamine Plato, Aristotle, Saint Augustine, Thomas Aquinas, and Marcus Cicero’s perceptions of what virtue ethics are, and how they facilitated the development of economic society. Morality, distinctly defines what is right and what is wrong, but theory of virtue ethics is the mechanism an individual uses to make those moral decisions. Virtue is essentially having a good moral character. And ethics are a set of rules that influence an individual’s behavior, but are subjective; because in part, theseRead MoreHow Traditional MÄ ori Ethics and Values Have Been Applied in Contemporary MÄ ori Land Development1400 Words   |  6 PagesHow Traditional MÄ ori Ethics and Values Have Been Applied in Contemporary MÄ ori Land Development TihÄ“ mauriora The breath, the energy of life Ki te whaiao, ki Te Ao MÄ rama To the dawnlight, to the world of light My understanding of the question is that I am to demonstrate my view of MÄ tauranga, (traditional MÄ ori knowledge) and Kaupapa MÄ ori (traditional MÄ ori ethics and values) and how they are incorporated into today’s world. I will be relating my interpretation specifically to sustainableRead MoreResearch and Development Ethics2023 Words   |  8 Pagesexperiments on humans and animals are extremely in-humane. The researches take extreme risks and cause possible damage to the person and in some cases could cause an endless effect on them. One of the most interesting articles about these researches is â€Å"Ethics in Clinical Research a History of Human Subject Protections and Practical Implementation of Ethical Standards† by David Perlman, Ph.D. and Glaxo Smith Kline. The article states that ethical regulation and past practice is inhumane to people. There

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The communications media used in the educational system Free Essays

1. Executive Summary This report examines the means of communication at universities. A brief definition of communication will be given initially, followed by a description of the means of communication currently used in universities. We will write a custom essay sample on The communications media used in the educational system or any similar topic only for you Order Now The report then focuses on e-learning, examining the method and the blended distance course. Within the distance course will examine the synchronous and asynchronous method. So those will be presented this vantage and disadvantage of e-learning compared to the traditional teaching method, being concluded that the e-learning is essential to the educational system and recommended the implementation of distance education at University of Westminster 2. Introduction The communications media used in the educational system has been suffering major changes in recent times. The traditional method has been complemented or even replaced many times by the current method where e-learning has been outstanding. E-learning can bring great benefits to the educational system, complementing or being another option for those who do not have the opportunity to attend the traditional method. The aim of this report is to examine the communication system used on the educational system is special on higher education, focusing on the e-learning method. Firstly, it will talk about the means of communication, secondly the traditional teaching method, third on the e-learning and finally will present the advantages and disadvantages of e-learning compared to traditional teaching methods. 3. Communication The definition of Communication is given by Collins English Dictionary (2009) as â€Å"the exchange of information, ideas or feeling.† Communication can be classified and divided in different ways. According to Gallegher (2010), communication can be one-way or two way communication; verbal and non verbal, and also says that the communication can be inter or intra communication. 3.1. One way communication and two way communication. One way communication occurs when there is no feedback or interaction during the communication. Two way communication occurs when the recipient asks clarification and interacts with the sender 3.2. Verbal and non verbal The verbal communication occurs when there is the use of words and can be written or spoken. Examples of written communication are: newspapers, posters, advertisements, books, while some examples of spoken communication are: speeches, discussions, lectures and presentations. Non-verbal communication uses other means that is not through writing or speaking, such as facial expression and body language. 4. The means of communication in the educational system The means of communication used in the educational system has been through major transformations following the technological advancement. According to An evaluation of students, the traditional method of teaching in the UK and in most of the world is characterized by one-way transmission from the lecture to the student, which refers to the teacher-center model of teaching, where information is transmitted to the students through the knowledge of the teacher, without much questioning by the student. However, this method has been changed, and the aim of the educational system has been supporting the activities of students rather than simply convey information. According to Gibbs (1995:1) student-centered method, encourages â€Å"learner activity rather than passivity; students’ experience on the course, outside the institution-and prior to the course, process and competence, rather than the content where key decisions about learning are made by the student through negotiation with the teacher ‘. The growth of this new method of teaching has as a major factor, the implementation of e-learning by higher education institutions. 5. E-learning According to Clarke (2004), E-learning is a general term that covers different methods which have in common the use of Information and Technology of communication, and may be as a complement to a traditional course as well as an online course where teachers and students do not meet. The term e-learning is the result of a combination occurring between the educations with the help of technology. The e-learning added new meaning to apprenticeship and blew up the possibilities in disseminating of knowledge and information to students and, at a fast pace, opened up new horizons for the distribution and sharing of knowledge, making it also a form of democratization of knowledge for the layers of the population with access to new technologies, giving them the knowledge available, anytime and anywhere. With the development of web technology, the processes of interaction in real time became a reality, allowing to the student to have contact with knowledge, with the teacher and other students, through the media technological 5.1. Blended-Learning This is a new method that has been growing in popularity, which is based on e-learning as a complement to studies in the classroom. Clarke (2004:120), defines blended learning as â€Å"the integration of e-learning approaches with more traditional methods†. As an example of this method we can mention the Blackboard used by universities. 5.2. Distance courses The training and continual updating of knowledge and skills of human resources are now a crucial element to achieve an effective and efficient performance. The application of information technology and communication to the area of training led to the creation of a new mode of apprenticeship: the distance course. According to Mealy and Loller (2000), Distance Education (DE) occurs when education is provided without the student and the institution being on the same physical location.With the distance course the student starts to having time to learn at their own pace, with the assistance of a tutor, without losing the ability to interact with other course participants. 5.2.1 E-learning synchronous and asynchronous 5.2.1.1Synchronous There are two distinct ways of teaching through distance learning: Synchronous and Asynchronous. Synchronous is when teacher / tutor and student / trainees are in lesson to the same time. Can be cited as an example of resources synchronous phone, chat, video conferencing and web conferencing. Through web conferencing, the teacher ministers the classes and students can hear the contents transmitted by the teacher. Thus, students may also ask questions and discussions. This is the model that most closely resembles the traditional teaching. â€Å"The concept of classroom is extended to distance learning through the use of technology.† Mealy and Loller (2000:20) 5.2.1.2. Asynchronous In asynchronous e-learning, teacher and students are not in class to the same time. According to Mealy and Loller (2000), the main feature of this method is that the student can participate in the study schedule that suits you. The teacher also is not limited to a specific schedule and can answer questions or participate in discussions at different times of the student. The big difference in asynchronous e-learning is that time is â€Å"elastic† giving greater flexibility to the students in their learning, research and study. 5.3. Advantages and disadvantages of e-learning compared to traditional methods 5.3.1. Advantages According to Remenyi (2005), the three main benefits of e-learning are: Reducing the impact on the environment, quality education affordable and Convenience and flexibility for the student 5.3.1.1. Reducing the Impact on Environment There is no need of traveling; resulting in diminution of pollution reduces the use of papers thereby contributing to the environment 5.3.1.2. Quality education affordable Through e-learning, great teachers can share their knowledge without physical barriers, political, or economic, thus reducing the cost of education making it more affordable, – The student can study at a respected university, out of state or even country, e-learning takes the social and physical barriers by giving everyone the same level 5.3.1.3. Convenience and flexibility for the student The materials are more accessible, depending on the method, can be available 24 hours 7 days a week, with no need for change in lifestyle. The student has the opportunity to create a personalized pace. 5.3.2. Disadvantages According Remenyi (2005), the three major disadvantages related to the E-learning is the lack of interaction between student and teacher, the lack of interaction between students and the need for basic computer skills. 5.3.2.1. Lack of interaction between student and teacher The tutor has a higher difficulty in judging the level of acceptance, understanding and retention, since it is not possible an immediate response from the student. There is a need for a higher level of motivation and higher autonomy of learning than classroom training 5.3.2.2. Lack of interaction between students Depending on the method used e-learning, such as the course distance, because there is no participation in the classroom, there is no socialization among students, which can lead to negative outcomes such as lack of ability to work as a team. 5.3.2.3. Need for basic computer skills Need some experience in using computers and Internet usage, also some appetite for the use of technology 6. Conclusion With the increasingly widespread use of new information technologies and communication, it becomes essential the adoption of these in the teaching and apprenticeship. The process that performs this learning environment is called e-learning. In eLearning, flees to the traditional model of teaching, the learning process is student centered, which can build its self-education course, interacting with the available content according to their learning needs in a way flexible, how, when and wherever you want, being the teacher / trainer the catalyst developing this process. In eLearning, the papers the teacher / trainer and school / university are not being replaced. What changes is its function, no longer educational agents, to be partners in apprenticeship. Therefore personal contact is not unappreciated, but become more interesting. How to cite The communications media used in the educational system, Essay examples

Crisis Management Strategy Competition and Change

Question: Discuss about the Crisis Management Strategy for Competition and Change. Answer: Introduction: The concept of change management is associated with the modification and reformation of business resources, budget related to the planning, its allocation, and the overall business procedure. This is a commonly used term in business in recent days. The reformation is attended in a planned way to profit the organization. This approach basically ensures the changes of the organization in successful implementation. This entire procedure focuses on the long-lasting impact of the changes in people and benefit of the organization. Therefore, the modification needs to be done in a planned way. Therefore, this study has attempted to foster over the specific issues and flaws that Australia and New Zealand Banking Group Limited (ANZ) has gone through. This is a 170 years old bank. It has undermined through a rapid up and down over the journey in this industry. Thus, change management procedure in respect with this financial organisation has been developed over this study. Transformation in the organisation in the tenure period of McFarlane The issues in the organization were regardless of the internal management. Even after the challenges due to the financial crisis, this organization stayed indignant. However, the contributory essence of the management provided a tough fight to the external issue. The management has adopted the change in accordance with the requirement of the situation (Gerth, 2013). Still dissatisfaction of the customers regarding the management was continued. This organization has adopted a strong position by creating clear accountability and a strong management. Moreover, it strengthened the balance sheet and took care on the liquidity improvement. Procurement was also taken to improve the customer perspective and its related resources. The procedures inevitably took steps for ensuring the better environmental prospect for the customers. Therefore the focal points of the customer have been changed and different circumstances have also been created (Williams, 2013). Change management procedure has b een applied by a number of organisations irrespective of the type and mission. The Hemisphere Country Council (HCC) has been noticed to the shared service model SAP Flori to its Integrate Business Centre (Deloitte.com, 2016). It is in respect with the estimated integration that evokes a change in procedure. This changes procedure is applied by the management by judging the essence of the situation and eventually it attained a remarkable benefit over the procedure. The procedure could not strengthen the internal management. As the financial crisis has impacted a lot on the customers, it was prior fact to gain back the trust. Therefore, the management has worked mainly on that. To facilitate so, the internal management had to tackle a huge pressure to secure their job. Therefore the number of issues created in regard with the employee dissatisfaction. The change management procedure evokes right decision at the right time. In case of Deloitte, the implementation of SAP CRM has enabled it to gain better procedure in repairing sideways along with the road sides. This eventually managed the construction of the organisation and balanced the workflow also (Deloitte.com, 2016). The improvisation impact is also attainable for ANZ in terms of elevating theory technological improvisation. The technical flaw is also a vital reason. The management has planned procedure in accordance with the calculation, which is said to be unfreeze' condition (Haslamet al . 2014). But the technological failure has made it difficult to provide the customers with approximate benefit and the regression remained the same. The management had to plan different to fulfil their target to gain back the customer base. The cultural change is a crucial problem in this regard. Therefore, the leadership approach needed to change. The management seemed to change the chief persons in regard to bringing prosperity. But the rapid flaws in adopting proper culture has fostered with different policies and technologies have inferred the system chronologically (Hwang and Low, 2012).The involved CEO and other professionals have contributed in changing the perspectives but to some extent, they too went under the impacts of old tradition or the rituals. According to Deloitte.com (2016), the application of SAP enterprise along with the change management plan has brought to on time delivery of products. This eventually helped in gaining back the confidence of the entire associa tion. This prospect is also helpful for ANZ too. The communication process is very much important for this organisation. Thus, bringing communication elevation in respect with technological elevation would deliberately help this organisation gaining remarkable success.Therefore, continual problem and challenges were at the core of the organization. However, the management had applied the related theories in prospect to the situation and attended remarkable success through it. The change management follows a distinctive stage and procedure. This is in respect to the purpose and aim of the organization. As suggested by Hwang and Low (2012, the inclined organization ANZ is evolved with serious issues of customer satisfaction and employee management. However, this financial sector has proved strong even after the Great Depression of 1930 and the Global Financial Crisis of 2007-2008. Therefore, this organization is proved to have a strong structure. The employee management skill is also strong. Still, the recent changes and procedure of policy, terms, and conditions have proceeded through a changed approach in debt policies (Boje, 2012). The financial challenges of this organization lie in lending money from other financial organizations to provide the loan to the customers. Thus, the organization is accompanied with adopting a major structure so that it might improve the focus of the customers on the service level. This is also commenced with the creation of more clear accountability and a strong management. Challenges faced in implementing transformation: After the huge global crisis of 2008, this organization has been divided into five distinguished sectors: Australia, New Zealand, Shared services, Asia Pacific and Institutional. This vast division has comprised of a huge cost management with the association (Hayes, 2014). However, the business corpse has elevated. Therefore a good margin of profit could be expected at a higher rate. Still, the operational issues in managing the employees and providing proper training were regular problems. Issues were also inevitable in delivering products and services of the bank to the retail customers in countrywide and in global dimension too. However, the core support division of this organization, Operations Technology and Shared Services (OTSS) manages and divides the systematic operation of IT and ORIS that is, Operation Risk and Information Security. This organization values shared contribution and unity. Therefore, risk and insecurity related to the shared data and information always remai n(Cummings and Worley, 2014). Moreover, the core value of this association is associated in being best at service and to value and respect the opinion of others. As stated by Frankland et al. (2013), this organization had to fall under the situations of bad debts in early 1990. Since that period, the management had initiated a versatile change. The changes in the organization were regardless of the poor structure of the organization. This situation has led it to change management policy and terms. Customer dissatisfaction was inevitable issues. The issues were the result of poor service management and delayed delivery system. Therefore, the management has undertaken policies of reforming the concept of dealing. The changes may come in different forms. It can be of internal issue and external issue both. Thus, a segmentation of changes has been seen in a procedure of ANZ in different stages (Quinnet al. 2012). As this is a financial organization, public dealings are inevitable factors. Thus, keeping men quiet and satisfied is the core essence of the organization. With this target, a breakdown of structures in regard to the employees and shareholders is also seen. The changes in the cultural, as well as technical aspects were also common. To console the expectation of people, dealing approach and handling customers' process have also been changed. A number of programs have also been attempted by the management to create public awareness and to make promotions. In order to solve out issues like breakout workshops, consulting and breakout charters, this organization has changed the team for the dedicated breakout and cultural transformation. The change of management has taken place to the different situations and crisis. Based on the systematic procurement, the management has applied the process of changing management. Even though the disillusionment regarding the employee satisfaction and customers demand were at peak (Van der Voet, 2014). Thus, the policies of employee motivation and refined employ management have been created. This helped enormously to the broader context of the organization. Breakouts were initiated to enhance employee engagement. This is regulated with a number of steps that include: employee motivation, the management of performance, skill, and talent. The entire process of change is done in a processed way. That undertakes a varied system (Keppel and Wardell?Johnson, 2012). There are a number of theories related to change management. In spite of adopting the breakout policy, this organization had to face problem regarding the employee integration, specification of the job, dissatisfaction regarding the job management and proper balance of all the revolved issues. The working hours are also a problem. However, to solve the work pressure problem, the organization has undertaken the decision of recruiting a number of employees (Hargreaves et al. 2014). This helped organization having the certain stability from the temporary issues. But the management had to change procedure of recruitment too. The employees observed to work for a very short period. There was disintegration regarding the management of different level of work distribution too. Therefore, the contemporary issues related to the organization had led the management to undermine the root cause and change the management for several times. Attributes of the key leaders and the analysis of role of leadership: The procedure of change management undermines some stages. Based on the Kotters 8 step theory, the first and foremost stage for change management inclines directly to the creation of urgency. This organization has observed to go in accordance with the specific requirement of the customers. Therefore, the management has identified the root cause of the issue and applied the procedures of change. This step is evident in managing a helpful balance with the upcoming issues (Gattermeyer and Al-Ani, 2013). According to the theory, the second step is inclined with the forming of a powerful coalition. This helps in detecting the problem and finally helps in evaluating it with the prospect of the organization. As the organization is related to financial transactions, this evokes a huge engagement of the customer satisfaction (Gandomaniet al. 2013). The perspectives of customers are prompt in changing. Thus, evaluating the performance generation in enraging the satisfactory level of the custom ers is very much required.This can be attained through an analysis of the buying behaviour and the matters to which the customers respond. This can be done by the leaders in the organization. In ANZ, the role of the managers and the transformation of the posts have contributed a lot in managing the procedures. However, the organization has been found to determine the related values of the central change by developing a summary of the issues (Geppertet al. 2016). This goes parallel with the third step of Kotters theory and puts emphasis on the creation of visionary change. Moreover, the concept of the performance was laid in creating awareness programs. Gradually is changed into the progress of employee performance, their needs and training. The enhancement of focus is inclined with employee motivation. The transforming focus on the view and central spirit has attended this organization a glorious phase (Nastase et al. 2012). This stage is encircled with developing the proper strategy for the organization. The next step of determining vision is regulated with the communication process to implement the visionary result. As the organizational perspective is dependent on shared vision, the management comes in form with an open discussion with the entire board. This evaluates the relative cause s of failure in functions. Further, the initiatives are taken in this step to ensure the long-term prosperity for the organization (Bernus et al. 2013). The fifth stage of this theory is associated with removing the obstacles. This inclines a direct way of eradicating the obligations(Booth, 2015). This involves the necessary initiative of coming in mutual point with the demand of the customers. Moreover, the organizational management initiated the procedures of satisfying employees through promotions and work discriminations so that it might keep their interest in the progression of a job. In order to promote marketing and sales, this focuses on the betterment of skill and dedication of the employees. The sixth step of the theory undermines the way of attaining success through a short attempt. This attempt is associated with the perception of accomplishing the fulfilment of the desire of the customers. Therefore, it succeeds in convincing the customers towards their service. This organization has been noticed to evaluate the way of the success they have attained. This complied measurement keeps on measuring the dedication level, applied technologies, improved skill. Thereby, the management has detected the chief flaw and maximum gap in attending the success. This helped in planning further concept and change management. This organization has worked accordingly to the concept of Kotter and thus it has manifested change in management (Lozano, 2013). The Lewins theory of unfreeze-change-freeze is also very supportive in this regard. The organization has been chosen the way of being alert regarding the change that it is inevitable. The changing modes of the customers were the common appreciation for the management. For that reason, the entire board was always prepared. Estimating the change, they planned different programs like Saver Plus, differentiation of thoughts and applications accordingly. This way the management focussed on the central process of cha nge and dissatisfactory issues and brought into the change in the management process. After attaining success over the procurements and changed management, the organization again come in form of refreezing the policies and terms. This benefited the organization balancing a good term in between management and the customers. Moreover, this approach has balanced the employee motivation too in the expected margin. Recommendations: In respect to the issues and challenges described in the study, a number of flaws have been detected. The organization could have avoided the problem if it would have had adopted some procedures in the change management procedure. Planning change: The focus of the management should have rotated with the change perception. The management has undertaken policies of changing the chief head of the particular post. But the change of planning in attaining target had not been adopted. Therefore, employee dissatisfaction has been raised as a serious issue. If the management had laid a balanced focus on employee and customer both, it would have benefited the organization up to the margin. Changed view: The management has not changed their approach based on the specific need of the environment and changing culture. Therefore, the advancement of technology had not been attempted. The non-adaptation of specific technologies has laid the organization far behind. The initiative needed to be subtle and convincing to the change of entire phenomenon. The change in technical revolution and changed perspective of the culture could have changed the brought to a dimension of the history of the organization. Changed leadership: The leadership that is the change of ownership and communicating management could have improved the system. The true will be there to improve the management and so as the entire procedure. But the lack of efficiency in adopting a change in accordance with the changed view and expectation of customer could have impacted the progress of the organization in a short term. Change in communication: If the organization would have adopted the different process of communication, it could surely impact the management in applying sources. As the base of this organization lies in communication mainly, the elevated prospect might be inclined in improving so. Conclusion: The change management is a key concept for all the successful organizations. This change needs a keen focus on the on-going factors of the external world. The change in the management can work only in the condition if it is done in accordance with the external and internal management both. This organization has been exempted to foster over the industry with a rapid change in its managements. However, the changes gradually brought to a revolution in the financial industry. The theoretical concepts of Lewin and Kotter too have contributed to bringing into a dignified situation of this organization. Therefore, the approach needs to be subtle and complied to intensify change and improvement to its core and it needs to be practiced very carefully. Reference List: Bernus, P., Mertins, K. and Schmidt, G.J. , 2013.Handbook on architectures of information systems.London: Springer Science Business Media Boje, D.M., 2012. Reflections: What does quantum physics of storytelling mean for change management?.Journal of Change Management,12(3), pp.253-271 Booth, S.A., 2015.Crisis management strategy: Competition and change in modern enterprises. London: Routledge Cameron, E. and Green, M., 2015.Making sense of change management: a complete guide to the models, tools and techniques of organizational change. London: Kogan Page Publishers. Cummings, T.G. and Worley, C.G., 2014.Organization development and change.Cengage learning. Deloitte.com , 2016, Available at: https://www2.deloitte.com/ng/en/pages/technology/articles/global-sap-case-studies.html, Accessed on: 29 Dec, 2016 Frankland, R., Mitchell, C.M., Ferguson, J.D., Sziklai, A.T., Verma, A.K., Popowski, J.E. and Sturgeon, D.H., Applications In Internet Time, Llc, 2013.Integrated change management unit. U.S. Patent 8,484,111. Gandomani, T.J., Zulzalil, H., Ghani, A.A.A. and Sultan, A.B.M., 2013. Towards comprehensive and disciplined change management strategy in agile transformation process.Research Journal of Applied Sciences, Engineering and Technology,6(13), pp.2345-2351 Gattermeyer, W. and Al-Ani, A., 2013.Change Management und Unternehmenserfolg: GrundlagenMethodenPraxisbeispiele. London: Springer-Verlag Geppert, M., Matten, D. and Williams, K. 2016.Challenges for European management in a global context: Experiences from Britain and Germany. London: Springer. Gerth, C., 2013. Introduction.InBusiness Process Models. Change Management(pp. 1-12). London: Springer Berlin Heidelberg. Hargreaves, A., Lieberman, A., Fullan, M. and Hopkins, D.W. eds., 2014.International Handbook of Educational Change: Part Two(Vol. 5).London: Springer Haslam, S.A., van Knippenberg, D., Platow, M.J. and Ellemers, N. 2014.Social identity at work: Developing theory for organizational practice.London: Psychology Press. Hayes, J., 2014.The theory and practice of change management. London: Palgrave Macmillan Hwang, B.G. and Low, L.K., 2012. Construction project change management in Singapore: Status, importance and impact.International Journal of Project Management,30(7), pp.817-826. Keppel, G. and Wardell?Johnson, G.W., 2012. Refugia: keys to climate change management.Global Change Biology,18(8), pp.2389-2391 Lozano, R., 2013. Are companies planning their organisational changes for corporate sustainability? An analysis of three case studies on resistance to change and their strategies to overcome it.Corporate Social Responsibility and Environmental Management,20(5), pp.275-295 Nastase, M., Giuclea, M. and Bold, O., 2012.The impact of change management in organizations-a survey of methods and techniques for a successful change.Revista de Management Comparat International,13(1), p.5 Quinn, D., Amer, Y., Lonie, A., Blackmore, K., Thompson, L. and Pettigrove, M., 2012. Leading change: Applying change management approaches to engage students in blended learning.Australasian Journal of Educational Technology,28(1), pp.16-29. Van der Voet, J., 2014. The effectiveness and specificity of change management in a public organization: Transformational leadership and a bureaucratic organizational structure.European Management Journal,32(3), pp.373-382. Williams, C., 2013.Principles of management. South-Western/Cengage Learning