Macquarie Bank Case Study
Macquarie bank case study is the study related to the dynamic change occurs in the organization. It focuses on the changing interventions, business strategy and change in the HR Practices to be followed. Macquarie is the bank present in the Australia. And what changes occurs strategically in this relatively small banking organization. This case study deals with the various aspects of the organization and complexities and transition occurs in relation to other departments and economic factors.
Business strategy, Change strategy and human resources practices are knitted together in an organization and have a great impact in overall structuring and functionalities of an organization. Not only will this approach of change being run in organization have a powerful impact on the appropriateness of HR interventions and practices in particular divisions or strategic business units. So understanding an organization’s change strategy is as critical to study as its human resource practices and its business strategy.
Q1. Discuss the overall structure of the organization and then changes it felt after deregulation?
Macquarie Bank is a relatively small organization in an Australian Market. Stating about the structure its function based on the collegial partnership system. It has some kind of units that can take autonomous decisions. It does not have a well developed Human Resource in an organization. Each of the units is well structures and inter-linked with each other. After the deregulation of Australian Financial Industry, Bank has gone for a expansion drive and be remain the most preferred bank in Australia. But after expansion, there arises a need for co-ordination in between the organization as greater size increased complexity within organization. And for this they have create additional structures, systems and control. For this bank