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Sunday, March 31, 2019

For and against the use of vaccination

For and against the purpose of inoculationI am no longer arduous to dig up indorse to prove vaccinums cause autism. There is already abundant evidenceThis debate is not scientific but is political (Ayoub, D. (2006).Using your knowledge of immunology, discuss the arguments for and against the use of vaccination.Vaccination has become an extensively expedient st wandergy for the streak of infectious sickness and continues to be one of the close to successful wellness interventions andremains one of societys best healthc atomic moment 18 investments (ref). never in the history of human progress, wrote the pathologist Geoffrey Edsal, Has a better and cheaper method acting of pr so farting illness been let oned than immunization at its best (ref).The mainly all overambitious aim of vaccination is eradication of the disease. This has been achieved for smallpox the eradication of polio is creation attempted and there has been a dramatic downward trend in the incidence of most of the diseases against which vaccinums argon currently used. The incidence of the invasive disease Haemophilus influenza, which causes bacterial meningitis in children has decreased in the joined States of America by an impressive 99%, sby introducing the vaccine in 1988 (ref). Children born in the U.S. are skillfuly vaccinated from the board of 1 years old to adolescence, rescue approximately 33,000 lives and an estimated 14 million infections (ref). However, as long as each focus of infection remains in the community, the main effect of vaccination will be the protection of the individual against the disease (ref). The success of a vaccination programme relies not only on the development and use of vaccines themselves, but also on an understanding of the epidemiologic aspects of disease transmittance (ref).Vaccination aims to prime the adaptive tolerant system to the antigens of a single outicular hemipterous insect so that a premiere infection induces a secondary response. The tenet of vaccination is simple to induce a primed state so that on first contact with the relevant infection, a rapid and good secondary immune response will be mounted, leading to streak of disease. Vaccination depends upon the ability of lymphocytes, bothB and T cells, to respond to unique(predicate) antigens and develop into memory cells, and therefore represents a form of activity deepen adaptive electrical resistance (ref).In 1999, the Centres for Disease Control (CDC) and the American Academy of pediatric medicine (AAP) requested that vaccine makers should remove a organomercury compound called thiomersal from vaccines (ref). This was phased out of the United States of America and European vaccines, except for roughly preperations of influenza vaccine (ref). The CDC and the AAP obdu swan that there was no harm in exercising caution, even if it did work on active to be unwarranted, however the actions sparked confusion and controversy which expiration in the diversion of attention and resources away from the efforts to determine the causes of autism (ref). Child vaccines which contained the thiomersal was maintain to break to autism (ref), however in 2004 the Institute of Medicine (IOM) committee rejected all causal relationship mingled with autism and thiomersal-containing vaccines (ref). However the incidence of autism change magnitude steady despite the removal of thiomersal from childhood vaccine (ref). thiomersal exposure has not been true as a factor in make autism (ref).Immunisation synthetic rubber is a real concern because all vaccines whitethorn cause emplacement effects. Both healthcare workers and patients need reminding that immunization is an induced controlled stimulus to the immune system, so therefore roughly adverse reactions can be expected. nearly of the reactions however, are transient and mild. Immunisation pencil eraser concerns engage existed since the day of the first available vaccine. Si nce the introduction of Jenners cowpox vaccine, the benefits of saving children from tragic outcomes of common diseases outbalance the risks of perceived adverse events pursuit immunisation.Immunisation safety concerns are varied from concerns almost some other medical interventions because they are administered to generally healthy individuals and the leeway of adverse events fol pitiableing immunisation is subsequently lower compared to adverse events following medication for an existing illness (ref).The success of immunisation programmed depends on the existence confidence in their safety despite the side effects vaccines may cause.Concerns about immunisation safety often follow a normal a medical condition is suggested as an adverse effect of the vaccination, consequently a premature announcement is made of the alleged effects which because resolvings in several years to try and regain the creations confidence in the vaccine (ref). Vaccination in the United nation b ecame widespread in the eary 1800s after the work by Jenner (ref).Vaccination acts were brought in to force to encourage vaccination and it was made mandatory that all infants in 1853 were vaccinated (ref). Refusal to pay back the vaccinations received the highest penalty resulting in a prison sentence (ref). The relationship between the British State and its citizens significantly changed, causing a public backlash.In 1867, a law extended the requirements to the age of 14 years old, however, opponents focused in 1898 on it causing an misdemeanour of individuals liberty, which resulted in a law allowing for conscientious objection to compulsory vaccination (ref). Compulsory vaccination policies at various times provoked ohmic resistance from people who believe that the administration should not be infringing on individuals freedom to choose what medications they take, even if this increases a risk of disease to themselves and others (ref).Some vaccine critics claim that public health has never had all benefits from vaccination (ref). They bespeak that any reduction on communicable diseases, which were rampant in conditions where overcrowding, brusque sanitation, poor diet and an almost non-existent hygiene existed, reduced due to the changes in the conditions excepting vaccination (ref).Others dispute that vaccines only give a temporary immunity and therefore boosters are required, whereas those who have survived the disease develop a changeless immunity (ref). Children who have survived diseases such as diphtheria go on to develop a natural immunity which will remain longer than any immunity developed by the vaccination (ref). Some critics argue that the benefits of decrease the mortality rates among the general population outweigh all health risks associated to older or weaker adults (ref). Vast improvements have been made to public health (ref). Despite vaccines causing side effects and immunisation safety is a real concern, public attention shif ts away from the risks as the success of the immunisation programme increases (ref) and the incidence of disease decreases (ref).However health politics are finding it challenging to preserve public support for the vaccination programmes (ref).The rate in diagnosis of autism has had a worldwide increase (ref) , driven by the broadened diagnostic criteria and increase awareness concerns have been fuelled that vaccines might cause autism (ref). Theories for this alleged association have mainly centred on the measles-mumps-rubella (MMR vaccine (ref). however, studies in biology and epidemiology have failed to support these claims (ref).The MMR vaccine in the United Kingdom was the flying field of controversy, when a write up was published in The Lancet in 1998. The paper written by a Gastroenterologist Dr Andrew Wakefield et al, reporting a small plain of 12 children, whom mostly with autism spectrum disorders with sudden onset after administration of the vaccine (ref). During a 1 998 press conference, Andrew Wakefield suggested that it would be safer to give children the vaccine in ternion branch doses rather than a single vaccination. This suggestion was never support by the paper and subsequent peer-reviewed studies failed to find any association between the autism and the vaccine (ref). In 2001 and 2002, the controversy grew momentum. In 2001 26% of family doctors felt that the government had failed to prove that there was no assort between autism and the MMR (ref). By 2002, over 1257 stories were published (ref). The confidence in the MMR fell as a result of the scare, from 59% to 41% (ref). A survey of 366 family doctors in the United Kingdom in 2003, report that 77% would recommend giving the child the MMR vaccine, even if there was a close family history of autism (ref). In the same memorise an extremely small crook, 3% of the family doctors thought that autism could sometimes be the caused by the MMR vaccine (ref).A similar survey (ref) found th at confidence in the MMR had been increasing over the previous two years (ref). Most of the UK matter Health Service doctors only had the combined vaccine and those who did not destiny to give their children the combined vaccine had to pay for the separate vaccines or not vaccinate their children (ref), which added to the controversy of the MMR.Tony Blair, who was the Prime Minister at the time, strongly support the vaccines stating the vaccine was safe (ref mmr vaccine). However, on several occasions Tony Blair would refuse on grounds of personal privacy whether his son had received the vaccine, in contrast the now immunised (ref), The risks of children catching the disease while waiting for the full immunisation coverage decreases with the administration of the combined vaccine instead of separate vaccines (ref). The combined vaccines two injections cause the children less pain and distress, rather that the sextuplet injections required by the separate vaccines, and there is t he likelihood of some being delayed or missed due to extra clinic visits (ref).Vaccination aspiration had significantly increased in the UK when the MMR became available in 1988 (ref mmr vaccine). Health professionals have heavily criticised media coverage of the controversy from triggering a decline in vaccination rates (ref mmr).MMR vaccination compliance dropped significantly after the controversy began in the UK, from 92% in 1996 to 84% in 2002. In 2003, in some London boroughs, it was a low as 615, which is far below the rate needed to avoid an epidemic of measles (ref).The incidence of the three diseases increased significantly in the UK (ref). 56% cases of measles were confirmed in the 1998, this increased over the years and in 2006, 449 cases were reported in first quintette months of the year (ref)m and the first death since 1992, these cases occurred in children who were inadequately vaccinated (ref).In 1999, cases of mumps began to rising after years of very few cases a nd by the year 2005, there was a mumps epidemic with nearly 5000 notifications in January 2005 alone (ref).Disease extravasations also caused casualties in nearbycountries. In Ireland an outbreak in 2000 resulted in 1500 cases and 3 deaths, all as a result of the decrease vaccination rates following the MMR controversy (ref)Measles was state an endemic in the UK in 2008 for the first time in 14 years. A population of susceptible children who would spread the disease was created following the low MMR vaccination rates (ref). MMR vaccination rates amongst English children have remained unaltered in 2007-08, a level to low to prevent another solemn measles outbreak (ref).It later emerged that Andrew Wakefield had not informed the medical authorities or colleagues that he had received funding from litigants against vaccine manufacturers (ref). Wakefield has been heavily criticised for instigating a decline in the vaccination rates and medically (ref) especially on the way the researc h was conducted ethically (ref)The Sunday Times in 2009 reported that patient data was manipulated by Wakefield and misreported the results in his 1998 paper, creating the appearance of a link between autism and the MMR (ref).A systematic review of 31 scientific studies by the Cochrane Library in 2005 concluded that there is no credible evidence to support any links between Autism and the MMR vaccine, and that the MMR is necessary in the prevention of disease with carries the potential rick of complication and even death in some cases (ref). The report also highlighted that the lack of confidence in the MMR has modify public health and that the design and reporting of the safety outcomes was largely inadequate (ref). Ensuring the safety of vaccination is a major component of the national immunisation programmes of most countries. A major part of this effort is surveillance, and scientific studies about the possible occurrence of adverse events following immunisation. Although a num ber of vaccine safety studiesis increasing, this is not in response to any evidence about the true safety of vaccines, but in response to the increasing number of new vaccines being used and the complex nature of these vaccines.A number of vaccine safety studies have been conducted or are in progress, some in reaction to the climate of concern, some carried out proactively and others as part of ongoing surveillance. However, because the number of safety-orientated studies is increasing, one should be aware that this fact in itself could contribute to the concern.The internet has increasingly become a powerful sum of internationalist parley and an almost inexhaustible source of information, capable of compete an influential role in both the positive and the negative sense. It represents a direct and efficacious tool to spread a positive nitty-gritty and to stress the health benefits, economic attractiveness and safety of vaccination. However, inaccurate, misleading or simply wro ng information regarding potential side effects or dangers of vaccination spreading through the internet exacerbatesworries about vaccine safety and may cause parents to postpone or refuse vaccination of their children. A wide range of issues concerning vaccine safety is being taken up by anti-vaccination groups as well as by other groups whose concerns may reflect local customs, or religious, political or other beliefs.Anti-vaccination lobbies have also understood the possibilities of the internet can be exploited and could fort their means to campaign against vaccination. This is demonstrated by the occurrence of a large number of specific websites heavily relying on emotional appeal while proclaiming a message that undermines the benefits of vaccination.Vaccine scares continue to have an impact on immunisation coverage. To respond to this challenge, there is a need to develop vaccine parley strategies that provide a balance between evidence-based information and advocacy and l obbying activities. Furthermore, amass independent, international reviews of vaccine safety issues is required, together with relevant statements from authoritative neutral expert groups. This should be done within a strong international collaboration, with direct, early and clear statements agreed on by authorities and other key parties, preceding public communications.Creating a positive environment for immunisation can be achieved by supporting evidence-based information thus displace the importance and value of vaccines and vaccination. This will ultimately ease the task of health care decision makers, especially in developing proactive communication strategies to deal with crises that have a potentially negative impact on vaccine coverage, and consequently on the health status of children.Loss of public confidence in vaccination is one of the greatest threats to public health and must be addressed by local, national and international bodies, pooling resources, to go under f or possible issues that might be taken up by anti-vaccination groups or the media. The health care community should actively promote, and personally recommend, the benefits and safety of vaccination in language that is readily and easily understood by the targeted audience.

Reasons Behind Lehman Brothers Bankruptcy

Reasons Behind Lehman Br new(prenominal)wises BankruptcyUndoubtedly, the complexity and unpredictability of the give a styleside surround- commercialize forces/stakeholders influenced the mood and manner Lehmans CEO, Mr Ric strenuous Fuld be necessitated. He involved himself and his organization into un good practices due to so m some(prenominal) expectations on them. The market competition was getting very fierce, so he had to bend the rules in order to keep his organization profit able-bodied. market amaze complacency, weak pecuniary standards, lack of transpargonncy and poor immanent pecuniary control policy led to the demise of Lehman Brothers. Mr Fuld select the omnipotent cerebration of charge hardly told the U.S House of Representatives Committee on Oversight and political relation Reform that the collapse of his family was totally knocked egress(p) of his control-i.e. symbolic approach. This indicated a weak incorrupt culture/development at the preconditional level. His ethical contestation indicated a utilitarian approach which involves decision making carnald on favorable anticipated outcomes.Clearly, the give ear of Lehman Brothers was a pr eventidetable man-make disaster. He enshrined a very poor risk focussing culture in the organization by go highly leve flat solided owe Backed Securities. still if Mr. Fuld felt the economic tides were beyond his control as he proclaims, he should have at least sold the comp some(prenominal) early fair to middling the way Merrill Lynchs CEO smartly did. But his ego as wholesome as poor guidance insight took a better sh atomic number 18 of him.Lehman never meshed in palpable Corporate loving Responsibility, quite what they did was philanthropy with ulterior motives in mind. They never issued a CSR report of all kind depicting lack of transparency and accountability.There is no denying the hard and bitter truth that we are experiencing a global m bingletary receding with many a n ation counting their losses. We are in situation going by dint of possibly the worst global computer address crisis since the peachy impression. Given that the world is flatter and with advancing engineering science, global m hotshottary markets are straightaway integrated thus making an otherwise subject field pecuniary market a global phenomenon. By a easy percolate of a button, billions of dollars grass seamlessly traverse national boundaries at the speed of light.Sadly, this global fiscal meltdown originated in USA due to the widespread subprime owe defaults, economic recession is bear upon all the major players of world economy.By kinsfolk 2008, the credit crunch, which started around 2006, had alarmingly ballooned into argue bridle-paths biggest crisis since the Great Depression as hundreds of billions in owe-related enthronements went sour mighty enthronement banks that once rule high finance unfalteringament crashed.In the midst of this conundrum, ac c apply fingers are been pointed at different quarters some blame the regulatory administration everywhere complacency and blind-faith, while some blame the private and investment banks over greed, poor corporate governance/practises and investment decisions. The worst shoot directly were the insurance companies, investment banks, manipulate Fund operators, Large owe Lenders much(prenominal) as Lehman Brothers, Merrill Lynch, Bear Stearns, Fannie Mae, and Freddie mack etc.The United States governing body activity has been battling to starve off what has surely snowballed into a global economic recession by acquiring national owe giants Fannie Mae, Freddie Mac, AIG as substantially as midwiving Bear Stearns Cos Incs sale to JPMorgan Chase. Bank of America took over Merrill Lynch. opus these bailouts were going-on, a blind eye was off on the struggling 4th gargantuanst investment giant- Lehman Brothers.Consequently, the Lehman brothers filed for unsuccessful person on September 15, 2008 as a precede of the federal official refvictimization to bailout them out or at least backstop their deadly assets.1.1 CASE ISSUESThe case issues discussed areThe Internal and External EnvironmentWe shall pronounce how these purlieus interacted with Lehman Brothers.Managerial EthicsReactions are bound to be elicited as organizations continue to interact with their purlieus. Hence we shall attempt to assess how Lehman Brothers behaved and reacted in conformation with ethical theories and standards.Corporate Social ResponsibilityLehman Brothers Social Responsibilities as easily as their attendant consequences shall be taxd. in bourneit A2.0 THE INTERNAL AND international ENVIRONMENT OF LEHMAN BROTHERS2.1 The External EnvironmentOrganizations do non operate in a vacuum because they derive their ultimate existence from the milieu. Environmental chemical elements whether precise or broad-based, influences an organizations strategy for survival and profitab ility. Lehmans external environment consists of its stakeholders such as Mortgage financiers, Hedge Funds, Pension Funds, Government Regulators, Commercial Banks, Investors, Credit evaluation Agencies, employees, Home Owners, Small and Large companies, etc. See figure beneath for a schematic diagram of Lehmans overall environment. Figure 1 spherical ECONOMICSDEMOGRAPHICS POLITICAL/LEGALTECHNOLOGICAL SOCIOCULTURALSuppliersPressure GroupsLEHMAN BROTHERSCustomersCompetitorsHow changeable and complex is Lehman Brothers environment?Be piteous is the Uncertainty matrix used to evaluate how the external environment bear on Lehman Brothers. Figure 2ENVIRONMENTAL uncertainty MATRIXSource Robbins, Bergman, Coulter, Management 4e, 2006, Pearson Education, AustraliaDue to the type and nature of business, Lehman Brothers waterfall inside the cell block 4 which con nones a dynamic and occasional environment characterised with many components and a high need for association. Hence, Lehman st ands the chance of been influenced by the external environment which may reduce the influence of its managerial decisions and interventions.Lehman Brothers broader environment as it affected their activities, behaviour and outcomes are discussed under the fol first gearing sub-headings using the Political/Legal, Economical, Socio-cultural and Technological changes, PEST analysisPolitical/LegalLehman Brothers which was make some 158 years ago was ab initio involved in assisting galactic corporate trustworthys such as Sears, Roebuck and F.W. Wool expenditure, etc raise capital to expand their businesses. During the 1930s, the Lehman Brothers diversify into strictly Securities business when the U. S government forced all monetary institutions to choose between commercial banking and Securities.Lehmans portfolio deepened following the repeal of the Glass-Steagall Act in 1999, during the Clinton administration. The act prohibited banks from investing on Wall Street, thus shield cons umers from riskier transactions. Once that surety was abolished, Lehman was able to gamble and it became among the largest issuers of Mortgage-Backed Securities making its share wrong to climb from its 1994 price of $5 to $86 in 2007.As a result of Lehmans desperate attempts to compete fiercely with its core rival, Morgan Stanley for market share, it occupied some(prenominal) under-arm tactics that exposed it to several bitter brushes with the law amounting to triple litigations (See appendix 1). This further hurt its corporate image by brew fear, panic, distrust amongst its stakeholders resulting in it been abandoned during its time of need.Lehman would have been pay offd sound as Fannie Mae, Freddie Mac, Bear Stearns and AIG under the current political climate, but in that respect were outstanding issues involved e.g. the federal officialeral Reserve picked out big holes created by the toxic assets in Lehmans balance sheet twin with their refusal to come out clean to the reality. Instead, Treasury and Federal Reserve bosses, Messrs Henry Paulson and Ben Bernanke respectively, preferred to alleviate others because they felt that allowing these (Fannie Mae, Freddie Mac, Bear Stearns and AIG) to fail would have resulted in a cataclysmal cascade of events that volition consume not only in the U. S economy but the Worlds. Moreover, Mr Paulson never believed it was by rights to use taxpayers money to save Lehman. Whether this was a right decision remains to be jiben as the Lehmans failure has inevitably crippled global pecuniary markets worldwide.EconomicThe Macro and Micro-economic environment which Lehman Brothers operated played a vital quality in its demise. Indeed, what basically happened to Lehman was typically a simple economic case of supply outstripping penury.After the terrorist attacks of September 11, 2001, the Fed greatly get downed disport rates in other to stimulate economic growth and prevent deep recession. Expectedly, the large st Wall Street firms began reacting to this Federal Reserve policy of extremely low rates at which money was borrowed by purchasing billions of dollars of subprime mortgage loans. These were well-nigh bidly bought from nonbank mortgage companies, which borrowed money from companies like Lehman in order to make loans and quickly resell them to Wall Street.Bear Stearns and Lehman Brothers almost monopolised this market as other players like Merrill Lynch were late arrivals to the highly leveraged/risky subprime lending and securitizing business. Lehman offered bulk loans to nonbank lenders, in addition purchasing mortgage products and indeed turning them into Asset Backed Securities (ABS), and then selling these bonds to end investors basically make up of the insurance companies, Hedge Funds, Pension Funds, Local Governments and foreign banks.The Securities and Exchange Commission escalated the already downslope economic situation in 2004 by encouraging these investment banks th rough the relaxation of the pre- real limits on leverage. Expectedly, the leverage ratios of the five largest independent investments banks mint the rooftop (Labaton, 2008). Lehmans greedy internal pecuniary policy did not help matters at all, as it offered potentially dangerous leverage ratios as much as 301, asset-to-equity ratio (Table 6, see appendix 2). Given this scenario, any 3% drop in appreciate of assets completely blows out the entire value of equity thus rendering the company bankrupt. Nevertheless, Lehman grew rapidly, playing a plethoric role in the securitisation market and the leveraged lending businesses posting quarter afterwards quarter of record earnings from 2004 to 2007.Even after the economy had recovered, the U.S Fed notoriously kept interest rates low which make mortgage payments even cheaper and affordable thus greatly reducing the likelihood of defaults to barest minimum. Therefore, demand for homes began to escalate, sending prices up. In addition, m illions of homeowners seized the opportunity of rate drops to refinance their existing mortgages. As the industry became saturated (as virtually everybody now owned a home), join with the never-ending competitive rivalry among lenders, the quality of the mortgages went down resulting in the erosion of underwriting standards.For the fear of inflation due to senseless fluidity in the markets, Fed started increasing interest rates which eventually make mortgages already owned, worth less than the amount for which they were initially purchased due to higher payments. This sent widespread panic across all stakeholders which to loss of confidence and trust in financial markets leading(a) to mortgage defaults and subsequent foreclosures. With this ugly scenario playing out, coupled with the Lehmans increasing unfitness of meeting its debt obligations, investors lost confidence in its memory boards resulting to bankruptcy with about $613 billion in debt.Socio-culturalThese are factors such as behaviours, beliefs, values, demographic trends as they affect organization. A majority of Lehmans workforce be great to the extension Y. Generation Y are principally lifestyle oriented, tech-savvy, ambitious, impatient, etc. Because they generally flock to where the money is, Lehmans top prudence continued to do everything in its power to retain its best brains. With the continuous availability of low interest funds, change in consumer taste became the norm. An individual who otherwise wouldnt have been able to afford a house now had access to owning more(prenominal) than one house. This made the public adopt the culture tending towards investment instead than consumerism which affected other real sectors of the economy. This change in consumer taste favoured Lehman initially because of increase in mortgage demands. Soon Lehman had no borrowers for its mortgage products because everybody now had a house and with the increase in interest rates, foreclosures became appar ent because the real weak financial status of its borrowers became obvious.TechnologicalAdvancement in technology played a very double-edged sword role at Lehman Brothers. It brought about drastic reduction in the cost of creating mortgages. The growth of the meshwork coupled with easier availability of information about potential borrowers by the simple click of the mouse button, encouraged it to rely more heavily on convenient sources of information, such as credit scores and ratings, rather than on the more labour intensive time tested methods. It also made searching for a new set of borrowers easier and less costly, mortgage offerings using bulk email sending tools.On the other hand, these transitions created what economists call an self-confidence problem. Since the mortgage originator was no longer going to hold the mortgage to maturity, but rather was going to immediately sell it to a securities firm and collect its fees upfront, it did not have a strong inclination to do ings a thorough appraisal of the loan.2.2 The Internal EnvironmentThe internal environment of any organization basically symbolizes its culture, nature, commonly shared values and beliefs (Robbins S., et al, 2006). Companies will react to same circumstances differently due to the differing cultures that distinguish them. Furthermore, an organizations internal strengths and weaknesses as well as opportunities and threat, SWOT can play a vital role in its success or failure.2.2.1 Lehmans CultureLehmans CEO, Mr Richard Fuld in my idea is viewed as an omnipotent leader because he single-handedly turned the fortunes of the company around when he assumed office in 1994. He ran the organization like a warfront where he enshrined a very strong culture amongst his subjects.His colleagues even nicknamed him Gorilla because of his imposing stature on the firm as nobody not even outsiders dared challenge his ideas, policies and decisions. This behaviour was not unexpected because Lehman has h ad a long history of hostilities, in-fighting and coup de tat inwardly its ranks which had cost it its independence in 1984.Since we already know that the internal environment of an system of rules is all about its culture, behaviour and reaction as to how it sees the external environment. For the cooking stove of this report, we may not dwell so much on the positive culture of Lehman rather we shall take a critical vista at how its culture might have played a role directly or indirectly in its demise using the septenary dimensions of culture.Usually, attention to details is very much of required skill financial institutions must possess. But due to the competitive landscape and greed on the part of precedential management, ethical details were ignored regarding the type of mortgage loans that were issued. Background checks werent performed to determine the credit worthiness of its mortgage borrowersInnovation and attempt allowanceXHigh innovation/High risk tolerance culture as evidenced in their highly leveraged mortgage securities offering which came through several complex financial innovative packagesOutcome tasteX-Outcomes/result-oriented culture that focuses more on results rather than how they were achieved. This attitude made it lose sight on the illiquidity of the market during the impending crisis because of blind greed Short term deed reward culture throughout the firm not minding if these loans would survive in the long term or notStabilityXVery strong/stable culture of lets oblige the status quo which resulted in their inability to adapt to the current financial situations. mess orientationX-Poor and ineffective communication culture from top management to the bottom. Senior execs never took feedbacks from employees in the field seriously While senior management compensated themselves with cash bonuses, other employees were issued bonuses mainly in stock options and bonds. Lack of recognition for outstanding performance especially if it came from a lower employee A culture of lack of transparency among the senior executives. They never communicated the straightforward nature of their liquidity to their employees and other stakeholdersAggressivenessXOverly war-ridden culture in which they tried to bully, manipulate and outsmart the market but got their fingers burnt.Team orientationXNon collaborative competitions which dampened employee morale. The atmosphere was like that of a collegiate, people formed cliques and cartels. There was teamwork, but competition was basically on a personal level because of rewards that may accrue from individual performanceThe above disceptationed cultural adoptions by Lehman went a long way in tarnishing their image before its global stakeholders which made it difficult for it to be rely and rescued when its state of insolvency became apparent. Table 2.02.2.2 SWOT Analysis of Lehman BrothersSWOT expositionStrengths-Lehman has a robust financial base with liquidity in excess of $42 billion as at Aug., 2008 which is capable of withstanding severe financial stresses (Scott S., Tanya A., 2008). It also has a strong franchise across its core investment banking, trading, and investment management businesses. Cutting-edge IT infrastructure is one of Lehmans strengths which it exploited maximally in the acquisition of customers more efficiently (see PEST analysis). Strong wise(p) and skilled workforce Strong culture which is one of team-work, collaboration and knowledge sharing as evidenced by the rotation of workers around departments at least every two yearsWeaknesses-Poor managerial decisions which led to the inability or otherwise outright refusal to see the financial dangers coming. -Poor risk management and internal controls which led to its finances being exposed to risk of been wiped out within days. Strong culture which resulted in sluggish adaptability to the changing financial situations within and without the organization.Opportunities-The U.S Federal Treasury kept interest rates low for prolonged periods which made mortgage acquisition/repayments even cheaper and affordable which change magnitude the patronage that accrued to investment banks, Lehman Brothers inclusive. Securities and Exchange Commission relaxed limits of financial leverage which gifted Lehman with the opportunity to offer more highly leveraged mortgage back securities to its investors. But these seeming good opportunities turned out to be a curse in disguise.Threats Stiff competition coming from Morgan Stanley, Goldman Sachs, and Merrill Lynch in the hunt for new mortgage clients leading to the drastic reduction in the quality of mortgage instruments issued. More and more leverage was issued in other to remain competitive and remain profitable. The worst threat came from the Federal government backed Fannie Mae and Freddie Mac which had exclusive access to government subsidy (very low interest rate loans) making them issue the lowest rate mortgages on that p ointby dominating the mortgage market. This then forced other players to issue even lower rates in order to stay in business. -Short selling of its stocks by brokers on the floor of the exchange which made the value fall freely thereby escalating investor anxiety resulting in loss of confidence. Negative market sentiments concerning its likely collapse due the earlier collapse of Bear Stearns, bailouts of Freddie Mac and Fannie Mae.Summary of the SWOT AnalysisNo doubt, Lehman is an indeed very large bank. With its robust financial war chest, experienced/diverse workforce and with-it IT/IS at its disposal, it still went under. Lehman failed to utilize its strengths/opportunities to strategic advantage. Stiff competition, financial regulation laxity as well as poor management made it issue highly leveraged risky Mortgage Backed Securities, MBS which eventually wiped out its liquidity due to massive defaults in mortgage repayments which came as a result of increased interest rates to checkmate rising inflation.PART B3.0 MANAGERIAL ETHICSThese are laid down standards of conducts or moral judgements used in the discharge of business. More importantly, it refers to the rules and principles that define right and wrong conduct. It is the ultimate duty of the manager to effectively communicate and devour ethical issues within an organization.Lehman Brothers adopted the utilitarian view of ethics, in which decisions were made based on outcomes and/or consequences. They concerned themselves with making enough dinero to satisfy the greedy yearnings of the top few at the top pecking order of management not minding if their activities were detrimental to the welfare of others. This was clearly seen in the way mind boggling bonuses was dished out to the CEO, Mr. Fuld and other top management executives. harmonize to Mr. Fulds report to the Federal Committee on Oversight and Government Reform, over $30 million was paid to him as bonuses. He also claimed that during the f at years, 2004-2007, an astonishing $16 billion was disbursed as bonuses out of which he completely grossed over $260 million.Below is a table showing a list of variables as they affect Lehmans ability to behave the way it did.Table 3.03.1 Factors affecting Lehmans ethical behaviourFactors affecting Managerial EthicsCommentsState of moral development (managers)Since the ethical behaviour of managers is the single most vital factor that influences employee decisions (Robbins S., et al, 2006), we shall focus on the state of moral development of Lehmans CEO, Mr Fuld R. He operated at the preconventional level since his actions (selling highly leveraged Mortgage Backed Securities at all cost) were tremendously inclined to the rewards and bonuses he and his cronies would get.Personality/ set (ego strength/locus of control)Values which represent personal convictions of what is right and wrong (Robbins S., et al, 2006) go a long way in influencing ethical behaviour. Mr Fuld has a very st rong personality (ego strength) of all time believing that whatever he does is the right thing. Even at the collapse of Lehman, he never accepted responsibility for his actions and/or inactions. When he was snappyed about what financial crisis they were in, by an insider, he waved it off. He also believes he has the ultimate power to control twain his destiny as well as that of others (internal locus of control)Organizational Culture/Design-For the fact that Mr. Fuld took Lehman from rag to riches, he was seen as a demigod who was above the law. Hence, he was not subject to the organizations code of ethics and conduct. The organizational design/structure adopted a Top-Bottom management style of leadership. It enshrined a strong master-subordinate relationship which muffle information and knowledge sharing as no employee dare alert top management on their wrongly adopted strategies Lehmans culture is such that encouraged risk taking and constant innovation which later prove to be its undoing. The emphasis on individual achievement above assort/team achievement encouraged employees as well as management to go extra lengths even if its unethical to perform e.g. the more mortgage clients you get, the more your bonus and recognition which was further boosted by its culture of curtly-run performance appraisals.Issue Intensity Greatness of harm Lehman brothers never believed their actions (highly leveraged MBS) would have deleterious effects on its overall stakeholders after all, it believed its investors had being hedged against dangers through the Credit Default Swaps, CDS being issued by American indemnification Group, AIG-Consensus of wrong Nobody dared oppose Mr. Fulds decisions, the very few that did were summarily sacked. So there was no basis for consensus of wrong here.-Probability of harm Lehman believed the probability of foreclosures was borderline because of the seemingly prolonged low interests rates which created a lot of liquidity in the eco nomyImmediacy of consequences Mr. Fuld in his opinion believed that even if theres an eventuality of foreclosures, economic downturn and/or write downs, it would be for a short while because historically crises does occur every few years and the markets would always heal itself-Proximity to victims Lehman pushed its mortgage customers far off using its distanced subsidiary, Aurora lend Services as the issuer of its mortgages. This, it used to distance itself from its customers. By so doing, most people never knew the subprime mortgages were being offered by Lehman in order to economize a clean public image and avoid responsibility for any untoward adverse effects of its unethical actions-Concentration of effect Lehman ignored how concentrated the effect of foreclosures that would arise from its subprime mortgage sales would have on the national as well as global economy. They failed to see the broader picture of a likely global economic downturn. That necessitated their contin uous unethical/risky financial actions.ConclusionMr. Fuld of Lehman Brothers acted unethically in most of his decisionsFrom the complex interplay of several factors that affected Lehmans unethical behaviour in the table above, we shall take a scalelike look at some of the ethical issues faced at Lehman Brothers beneath with a view to comparing opposing views on their conducts.Table 4.0 argue arguments concerning Lehmans managerial ethical decisions.Ethical issuesArguments forArguments againstSale of risky/highly leveraged Mortgage Backed SecuritiesSmall percentage appreciation in value can translate to explosive profits for its balance sheet and investors alike humble decrease in value potentially wipes out the entire credit of the company rendering it insolvent. It is unethical to use investors hard earned monies to peril into greedy and risky ventures under whatsoever guise.Constant financial products reengineering and innovationThis creates potential attraction for new custom ers as well as retaining the existing onesCauses confusion as to the understanding of the potential risks these products- offers portends.Unscrupulous bulking or roll up of mortgagesThis otherwise smart strategy helps to dilute the toxic effect of under-performing mortgage securities by lumping them with the good ones thereby creating a positive appearance leading to AAA ratings by rating agenciesThis strategy deceived many investors by underplaying the tangible value and safety of their stock holdings leading them to be taking by surprise when their stocks became worthlessGenerating mortgage demands packaging them, and then reselling them back to Wall Street and the investing public for large profits when in reality, there werent real buyers for themThis was a way to create profits out of vigorThis is an unethical attempt to manipulate the natural forces of demand and supply. Hiding easy their phony subsidiary, Aurora Loan Services to propagate falsehood contributed to the hou sing market bubble burst when it became evident there was no more demand for these mortgagesUnderwriting loans to questionable lenders e.g. FAMCO, Delta Funding Corp., etc and assisting them in cheating borrowers thereby violating consumer protection laws (Graham R., 2008, see bibliography)NAThis led to widespread erosion of global investor and public confidence in the company which further contributed in its bankruptcy.Mr Fulds non-equity incentives were astronomical colossal the 85th percentile. Furthermore, his bonuses grossly exceeded the normal industry average of bonus= base salary x Two. Mr. Fulds bonuses were five times his base salary (Nell M., 2008, see bibliography)NAThis compensation practice doesnt align in favour of shareholder interestsPART C4.0 CORPORATE SOCIAL RESPONSIBILTYThis is a broad term which is used to describe an organizations business activities as it affects the well-being of its stakeholders- customers, investors, employees, communities and the environ ment within which it operates. It is the justifiable ethical standard for which all of an organizations operational activities are metric (Davidson, P. Griffin, R, 2005). Achieving financial success in a manner that honours ethical values and respect people, communities, and the local environment is what defines CSR.An effective CSR program is one that is not mainly based on philanthropy or state of grace but rather on creating productive relationships with stakeholders who represent mingled social, financial and environmental concerns.Lehman Brothers adopted the hand of management approach to CSR in which it powerfully believes in the advancement of its corporate economic interests as well as the protection and enhancement of the quality of life of its stakeholders. The conscience and practise of an organizations management is often a subject of frequent debate globally. Is it compulsory that an organisation must protect and improve the welfare of its specific and remote stakeh olders? Well, the scope of this report is not to argue in favour of or against this dubiousness but to analyse where Lehman got it wrong as regards to CSR.Lehman engaged in several philanthropic (socially responsive) activities all over the world where they had their businesses. Lehmans CSR spanned through the economic and effectual levels terminating at the ethical level. Lehman used its philanthropy to avoid legal actions both from the government and its stakeholders while making sure its activities stayed within the ambit of the law. It engaged in philanthropy (in a socially responsive way) in my opinion because it did what it did just to create more global awareness (Public Relations for financial gains) (economic CSR) as well as to fulfil the general expectations society members place on corporations (ethical CSR). See Bibliography (URL link) for comprehensive details of their charity works.Corporate Social Responsibility goes beyond just philanthropy. CSR means accountabilit y towards a firms various stakeholders e.g. shareholders, employees, customers, local and international communities, etc. Unfortunately, Lehman and Bear Stearns produced no CSR report of any s

Saturday, March 30, 2019

A Sense Of Urgency And John P Kotter Philosophy Essay

A Sense Of spur And caper P Kotter Philosophy analyzeJohnP.Kotteris the Konosuke Matsushita Professor of Leadership, Emeritus, at Harvard Business School. Kotter is an eminent and renowned origin in the field of writing hold ins regarding alteration in the system of ruless. John Kotter is internationally and extremely regarded as the speaker and a life-sustaining thinker on the topic of reposition and leadership. Kotter is as well as famous for his authentic opinions for filming near transmute and has a delineateed place as an international handicraft consultant. His latest countersign A Sense of Urgency in which he talked about eight travel to all over bob up and embrace permute is a sequel of his previous work, Leading Change and Our Iceberg Is Melting The graduation exercise step of the eight is a spirit of destiny which is poorly handled by the nigh organization and consequently becomes the reason of organizational decline, so Kotter presents and suggests the sick(p) guidelines to the organizations that how they would actually transform success in force(p)y. Kotters wide experience and fork up it offledge on confluent change have been proven time and again. The title of the hand A Sense of Urgency is very appropriate with its subject matter. He discusses in his carry the first step in bringing change in the organizations in detail. He identifies the single and enormous factor to a successful change, which also is regarded his number- sensation principle creating a received reason of want.SUMMARYJohn Kotter in his tidings A Sense of Urgency tries to answer the most frequently asked question, What is the single biggest error people spring when they try to change? In the course of his research and asking different managers about their experience, he landed on the finale, that at the groundwork of any effort to change you have to start with a sense of importunity. This can approximatelytimes be mistaken for a phoney sense o f urgency. Everyone looks same they ar actively achieving the companys goal merely really they are aggravated and forced. This can move in it hard to keep your focus on the companys main objective. In this view as, A Sense of Urgency the distinction between true urgency and false urgency will be discussed.To maintain urgency up, over a large period of time, urgency has to be re- produced over and over again. Urgency basically evermore leads to triumph, which then leads to satisfaction. This satisfaction is for the most discontinue obvious, aft(prenominal) a company encounters a large grow and the appeal frame of mind is conspicuous. A triumph allows people to feel that the urgency is over and they become complacent with their work. But when a triumph has been do rejoice, it is hard to be provoked daily without ever feeling like you accomplished anything.Kotter stresses upon the fact of self-satisfaction in the organizations. In the beginning he somewhat accepts the reality that this complacency is actually a root originator of the drop of any organization. As per his blot of view, in this fast mournful world everything is changing quickly and the people who do non wish to cope with it, would soon tumble atomic pile. They have no perspectives of their own. Their sluggish way will soon hazardous for non only to them but their environs too. They always think that they are perfect and challenges are only universe faced by some differents. It does not prove that the writer wants to implement a sudden change which would only occur in such a way that people make presentation on power heighten and lot of meetings being arranged and in the end no effect would be made. Kotter is not in the favor of false urgency. It usually brings excited results which destructs the action of true urgency.The writer believes in a positive sexual climax in life. He approves the time of all is well or everything is a mess has gone and the behavior to move forwar d and win is required. policy-making and social environment keeps on changing and what a single soulfulness can do is, to move ahead without having any repercussion of his past failures. Kotter presents different tactical maneuvers by narrating anecdotal stories and fine tool to make the book more pragmatic and useful. His tactics are1. Identification of the want of right urgency.2. Face the reality of change.3. Patience in the crises.4. being level to overcome the ordeals in the way of change.Kotter deals with many problems and misunderstandings surrounding to the concept of urgency. In his opinion urgency itself is very necessary decompose to all stockes, not just who initiates to bring about change. Employees become oblivious to change possibilities, whether nifty or bad. He describes that every move towards urgency is not usually beneficial but only true urgency is juicy in such cases. He uses times and again, a word right sense of urgency in his book. To maintain the right sense of urgency is a real job, not only to apply it and leave it without any endorsement. He promotes to work smartly not hastily and the sense of profit and tone ending at the right time, because if the right decision is not taken at the right time, there is no use of such right decision.A real sense of urgency should amazingly be encouraging and mucky and does not mean to close the eyes when the trouble comes. It should be a stimulant which makes you asky to confront the projects and predicaments that would normally consume their work schedule. further try to get away with complacency by saying, what we are doing is not longer what we will need in the future. Kotter refused to adopt the habit of complacency because in doing so organization becomes self centered and do not allow outer components of the business and this results in the downfall of the organization. Instead of suppressing the complacency, much(prenominal) a rapid and quick sense of urgency is seen which is also not in favor of organizational health.He further explains that whenever change occurs in any organization there is always a first assembly who do not accept crises pleasantly rather they are much concerned about the consequences of the change. On the other hand there is a second group whose attitude is rather checkive and encouraging to the management. They appear to avail every opportunity from the crises and try to reinvent the organization by making necessary changes in it. The idea of working well in the past hinders to bring about change. Urgency in this situation should be recreated over and over again.So to speak the truth, not only the employees of the organization but owners themselves are subject to the destruction of their businesses. The owners are sometimes haunt with their continuous success and forget to see the new prospects. Consequently, it brings about harmful deterioration in the business from inside in the end.At this point Kotter seems confident en ough to plead his case when he asserts on the managers and the employees to foresee the outcome beforehand. External aspects in the process of change are as important as internal issues, because management usually ignores the position of international pressure upon the internal environment of the organization. It is observed that whenever these external intrusions are not handled correctly the budget schedule of the organization get affected badly. So the act of complacency and false urgency are contradiction in terms of true urgencyANALYSISLike any other book this book has both its strengths and weaknesses and each are intertwined with the other. In other words some of the books greatest strength can also be contracted its greatest weakness.STRENGTHSThe great organization of the book is flawless. The writing style is easy. He uses a very simple language which can be lighten easily. He presents very significant issues to bring about change in an organization. The title page is extremely meaningful and appropriate to the subject matter. He spots the light over three main key issues to consider during organizational change initiatives i.e. urgency, complacency and false sense of urgency and describes them in detail. Kotter is a strong advocate of bringing change in an organizational culture because without being change, progress in this world is not feasible. He suggests that leaders should win the black Maria and minds of their staff. To employ the right amount of urgency, one must presents a rational case for change as part of an overall approach to engage the hearts and emotions of the people within the organizations.Kotter seems to routine with the words, for instance, the use of false urgency in the contrast of right urgency has made his work comprehensible, that even an ordinary endorser can sort out the distinction between the two.This book has made different managers able to know that urgency is that big of a problem in business who always jud gment of urgency in the sense of an emergency, not anything to do with business. This book really opened their eyes up to the notion of urgency in many ways. The people who strive to be the manager, that not only listens to their employees when they have suggestions, but actually takes them into consideration for further growth. All while pay close attention to the real anxieties and frustrations they have when rules and system just do not work for every position. Also, they will try to be that psyche that evokes a true sense of urgency everyday so that everyone nearly them feels that they have to spend their day getting as much productive work done as they possibly can.Each sub tactic contains a focused page and a half discussion of what they are and how leaders can implement the idea. This detail and its presentation is what really distinguishes the book and brings something new to discuss.Complacency is the crucial word he has used by and through in his book which means, A fe eling of contentment and satisfaction, especially when coupled with an awareness of danger and trouble. It is not just a thought but a feeling. This feeling can bring catastrophic downfall in ones constant successful future. This feeling makes them lazy and lethargic and when they come to know about their decline, they hastily adopt the behavior of false urgency which is directly opposite to complacency, it turns over into arrogance. Consequently some radical steps should be taken. Kotter here tries to persuade his readers the significance of good communicative consanguinity between employer and employee. He thinks that a leader should play a role of a bridge between him and his workers. Meaningful communication with the employees and a critical feedback from the customers and their personal opinions should be welcomedWEAKNESSESThe books main weak point is that it is not detailed in their examples. There are discussions of nondescript companies that reduce rather than support the m essages. Most of the case stories do not have a stopping point the results companies were able to achieve. This makes the examples more fables that case studies.Initially the book does not distinguish that there are other approaches to change management and urgency. This discourages the reader the major power to place A Sense of Urgency in the background of the broader literature. This book does not recommend or provide any idea to its reader to enhance his knowledge regarding change. Secondly, there are less pragmatic solutions to be implemented in the organization for the desired change.Another aspect of the book that may fall prey to criticism in the area of glaring examples is once again modified to be used by the conjunction of corporate organization and for businesses and not by other groups. Kotter provides various germane(predicate) tactics that can be broadly applied in the business organizations not in other educational institutes.Finally, there are some unexpected g aps in the book that by themselves do not go the book, but in total they certainly take away from its power. low the book does not recognize that there are other approaches to change management and urgency. This denies the reader the ability to put A Sense of Urgency in the context of the broader literature. This is really unfortunate as this book should deputise some ideas and enhance others Kotter leaves that up to the reader rather than providing a recommendation. Second, the book has no index, which not only makes it tougher to use after the fact, but also is a silly omission.CONCLUSIONThis book is well worth interpret if one has an interest in organizational change. This book would definitely inspire the team members of any organization and will instill a sense of urgency into their work to a certain degree. It is an easy read and full of helpful information. It is an excellent primer for anyone interested in learning how to supercharge the proper sense of urgency by win ning over the hearts and minds of their organization.With several tactical leadership approaches existing, leaders can properly create change and help their group feel at ease end-to-end their transform. By creating and maintaining a sense of urgency, communicating a clear runway toward success, and integrating new patterns into the workers daily lives, leaders can efficiently bring about positive change. With the current economical crisis forcing firms and companies to either go down or up, the only way for these organizations to succeed is for leaders to hold change and become accustomed accordingly. People need to see leaders transaction with change so they can have someone to identify with. The book is especially relevant in the current recession. Now is the time to read the book and take action immediately while people still have a crisis that is disrupting the status quo.As an information-development organization, you may feel true urgency to better the usability of you info rmation or you may want to outgrowth the efficiency of your operation to make you companys products more competitive. Be careful of complacently looking inward. The task is not to produce works of art but to support the companys products. Too often, writer become more interested in the technicalities of writing rather than focusing on customer needs so these are tools, not vain rights. More than ever, one must improve their good organization. Improvements that will be arranged now will be invaluable when the company is back to full steam ahead after the recession ends.

Friday, March 29, 2019

Critical ethnography Research Strategy

comminuted descriptive anthropology Research StrategyIntroductionThe interrogation methodology that I forget be using for the Data accrual and Analysis assignment is over little descriptive anthropology. This methodology fits with my look for goal to process aw atomic number 18ness to the unequal agency structures and oppression existing within the cooperative tyke offbeat and violence against women (VAW) advocates relationship. Madison (2005) states that circumstantial ethnographers gestate an good responsibility to address unfairness and injustice within a occurrence lived domain and moves beneath surface appearances, disrupts the status quo, and un bent grasstles both neutrality and taken-for-granted assumptions by bringing to light underlying and obscure operations of power and get a line (p. 5).Therefore, using the scathing paradigm embedded in this methodology, I set out to uncover how issues of power, oppression and inequality affect the collaborative relatio nship between child welf atomic number 18 and violence against women (VAW) advocates that ultimately affect the service they provide to women and children. Through examining the strengths and weaknesses of their relationship, I intend to shed light onto how women and children who have take c atomic number 18d domestic violence and abuse are impacted by the power exerted by both service providers and their existing policies and ideologies.Theoretical and abstract LensConceptual LensCritical ethnography is defined as the doing or performance of little possibleness. It is critical speculation in action. (Madison, 2005, p. 5). Thus, critical ethnography is innately connectedExploring methodologyTo the critical paradigm, which ordain be the conceptual lens utilized to investigate my explore question.Critical surmise is concerned with the mediation of power and dominance in society. Cohen, Manion and Morrison (2005) state critical theory tastes to uncover the interests at work i n particular situations and to call into question the legitimacy of those interests Its intention is understandative to transform society and individuals to companionable democracy (p. 28). The critical theory component of critical ethnography differentiates it from mainstream ethnography, which is concerned with the observation and definition of culture or phenomenon. Critical theory modifies conventional ethnography by incorporating a political agenda which seeks to emancipate society.Theoretical LensAnti- tyrannous theory provides a strong theoretical lens to use with critical theory and critical ethnography as both the former and the latter seek to uncover oppression and marginalization in society. It recognizes the intersectionalities of both clients and workers and can be used to highlight how legislation is entrenched in hetero-patriarchy. Similarly, at an organizational level, anti-oppressive theory can help to reveal the hegemonic practices in child welfare which influ ences the relationship between VAW workers and child protection workers and impacts the delivery of services to women and children.Epistemology of Critical EthnographyThe epistemological underpinnings of critical ethnography are concerned with how the companionship of oppression and power emerged historically and politically and its impact onExploring methodological analysisshaping relations in society. The potential of knowledge carrefourion to spue and perpetuate notions of power, oppression and inequality in society is recognized. In addition, critical epistemology includes an understanding of the relationship between power and thought and power and impartiality claims (Carspecken, 1996, p. 10)This nestle is value-laden because it has a determinedly political agenda. It seeks transformation by exposing oppressive structures in society, with the goal to emancipate society. Critical ethnographers are interested in hearing the autobiographys of their clients with the explicit agenda to bring forth political change. It is to a fault value mediated because the police detective and the researched are interconnected, with the values of the investigator and the another(prenominal) influencing the inquiry. However, it is important to note that while research is value-driven, the validity claims of the researcher moldiness meet rigorous standards to avoid bias. (Carspecken, 1996, p. 8)Moreover, a critical ethnographic approach goes further than other approaches. Firstly, critical researchers acknowledge researcher bias and subjectivity, as the researchers personal feelings and views are a part of the research process. The researcher is reflexive, and is busy in a constant process of critiquing both objectivity and subjectivity. Second, researchers interlock in an examination of their positionality in relation to the other (who is being studied). The researcher is engaged in a dialogical relationship with the other and remains grounded in their experience, a s it is the concern for their condition which is driving the research. According to Madison (2005) discourse moves from ethnographic presence to the present by opening up passageways for readers and audiences to experience and grasp the partial presence of a temporal conversation make up by the others voice, body, history and yearnings (p. 10).Exploring methodologyOntology of Critical EthnographyCritical ethnography begins from the premise that the structure and content of culture make life unnecessarily more nasty, brutish, and short for some people (Thomas, 1993, p. 33). When conducting research, critical ethnographers start with a view of what there is to know, an ontology, that furnishes a set of images and metaphors, in which various forms of social oppression constitute what is to be kn birth (Thomas, 1993, p. 34). Thus, ontological underpinnings of critical ethnography are concerned with how societal structures and systems oppress certain groups, while reinforcing power, m astery and capitalism. It sets out to expose the deeper social, historical and political meanings in society which pay back the marginalization of some groups and how power and interests mediate these relations going at a lower place the surface level meaning to expose how bodies of ideas, norms and ideologies create meanings for constructing social subjects and concepts akin gender, race and student (Thomas, 1993, p. 34).Critical ethnography also acknowledges that there are multiple realities, which can be uncovered through incorporating a narrative ontology. The narratives of role players are used to provide a rich description of their experience, as interpreted by the researcher to illustrate how issues of oppression, power and inequality are operating in his or her life (Thomas, 1993, p. 34).Unit of AnalysisFor this research study, dialogical data will be collected through a semi-structured audience with the intent to shed light into organizational practices existing within child protection and VAW services that influences their collaborative relationship. A key informantExploring Methodologywho has worked both in child welfare and VAW services will be discourseed for twenty to thirty minutes.Data Collection ToolsFor this research study, I will be interviewing a single individual. A semi-structured interview will be used because it allows the interview to be sufficiently open-ended. The interview questions can be re-ordered, modified and the researcher can probe the participant with spare questions, if needed.The interview will be recorded using an audio recorder. Field notes and experimental notes of non verbal communication will also be taken. After the interview, additional notes will be made to capture anything that may have been missed.Strengths and Weaknesses of this MethodologyOne of the major strengths of critical ethnography is that it goes further than a handed-down descriptive study, as it seeks to make emancipatory changes in society. I ts political agenda attempts to transform society and share narratives and experiences of oppressed groups. This methodology also attempts to include the participants in the research process, using methods such as member checking (Carspecken, 1996, p. 166) which helps provide individuals who are often ignored from dominant discourses a voice.However, one glaring critique of critical ethnography has been that we cannot separate it from the historical and political stage setting from which it emerged. This context is problematic as it effects the researchers epistemological position because the ethnographers institutional orExploring Methodology corporal standpoint within the everyday world is seldom connected or made problematic in relation to his or her subjects lived actualities. (Jordan Yeoman, 1995, p. 393).While critical ethnography is supposed to take a bottom-up view, the majority of its researchers come from an academic background, which is often in contrast of the materia l location of their participants. (Jordan Yeoman, 1995, p. 399-400). This influences the production of knowledge and data, as the relationship may be characterized by a power imbalance and differing worldviews as a product of varying material locations. Moreover, exposing inequality and oppression in academic literature does not ensure that change is created in the field.Thus, critical ethnographers become caught in a double bind. On one hand, the researcher seeks emancipation and sac for their subjects, but they are constrained by their own positionality and the institutions for which they work. Thomas (1976, p. 25) statesWe must(prenominal) never become wholly dependent upon established institutions publishing houses, mercantile media, universities, foundations. Social intellectuals must occupy some territory which is their own their own journal, their own theoretical and practice centres places where no one works for grades or fore tenure but for the transformation of societ y (Jordan Yeomans, 1995, p. 399-400).However, despite the researchers positionality, critical ethnography brings an opportunity to challenge traditional research and incorporate participant voices. It is also exciting as it attempts to liberate society from oppression and therefore, provides an resource and welcomed choice to mainstream research.Exploring MethodologyAnalysis of Three Peer Reviewed ArticlesThe appendix will discuss three peer reviewed articles in a map, which is on the pastime page. The chart is divided into multiple categories, which will discuss the unit of analysis, the savour group, data collection and data analysis. I will conclude the chart by examining the strengths and the weaknesses of the methodology in the articles and then relate it back to my research study.ConclusionThis written report set out to explore critical ethnography as my chosen methodology to conduct my research. Through writing this paper and reviewing the three articles, I know that cr itical ethnography will be useful in achieving my research goal of highlighting the oppression and power in the collaborative relationship between child welfare and VAW workers. This is important, as the relationship between these two sectors ultimately impacts the level of service provided to women and children.

Strategic change management at the Citibank

strategic potpourri counseling at the Citi relyCiti rim, a study international brink, is the consumer banking arm of financial operate giant Citigroup. Citibank was founded in 1812 as the urban center brim of New York, later First National City Bank of New York. As of March 2010, Citigroup is the third largest bank prop ships comp each in the United States by total assets, after(prenominal) Bank of America and JP Morgan Chase.Citibank has retail banking operations in much than 100 countries and territories most the world. More than half of its 1,400 comp hotshotnts atomic number 18 in the United States, mostly in New York City, Chicago, Los Angeles, the San Francisco Bay Area, and Miami. More recently, Citibank has expanded its operations in the Boston, Philadelphia, Houston, D onlyas, and Washington, D.C., metropolitan argonas.In addition to the standard banking transactions, Citibank offers insurance, credit card and investment products. Their online proceedss di great deal is among the most no-hit in the field,citation needed claiming about 15 billion utilizationrs.As a result of the global financial crisis of 2008-2009 and huge losses in the value of its subprime mortgage assets, Citibank was rescued by the U.S. authorities under plans agreed for Citigroup. On November 23, 2008, in addition to initial aid of $25 billion, a further $25 billion was invested in the corporation unneurotic with guarantees for risky assets amounting to $306 billion. Since this time, Citibank has repaid their establishment loans in full.Citibank was one and only(a) of the first U.S. banks to stick in shape-driven teller machines in the 1970s, in order to give 24-hour access to accounts. Customers could utilise their existing Citicard in this machine to withdraw cash and bring on deposits, and were already accustomed to using a machine with a card to institute information that previously required a teller.In April 2006, Citibank struck a deal with 7-Eleven to put its automated teller machine (ATMs) in more than 5,500 convenience stores in the United States. In the precise(prenominal) month, it also announced it would sell entirely of its Buffalo and Rochester, New York, branches and accounts to MHYPERLINK http//en.wikipedia.org/wiki/MT_BankHYPERLINK http//en.wikipedia.org/wiki/MT_BankT Bank.IntroductionChange anxiety is a set of act upon of an individual is been moved to a nonher member for qualification the success or to carry out the objectives of the g overning. For eg If a person flora in india is an process expert if the company wants to start a recent branch in America. hence what the company should do? The Company should cover a fair decision by moving the employee from india to America. So that he is aw ar of the process and he select the skilful person who is expense for this project. So pattern in the world is common and good for the ring as wellspring. But the spay should actualize profit for an presidential term objectives.strategic commute copement is an intergrated process in the nerve by creating the schema and instrumenting in to hit activities. By machineing we need to oversee the activities work give rise by the employee so ground on the regular enclose we send packing subscribe a substitute to the physical composition as well as it sop up out increase the economic growth of business.Change concern is a well structured designed approach by interchanging the person or squad from a current assure to a desired state or company wants him to go for a particular state to hope the current stir in business environment for the growth of organisation. tax 12.1 Need for ChangeThe Changes argon happening in the organisation of both external and internal issues. The following issues of point ar beneathDrastic flip in the global market growthChanges in economic downturnsSerious lurchs in business schemaTechnological re browses in businessExpanding business widelyAll fundamental law be bewilder to shake their own agitates, otherwise they pass on be moving in the same tempo, they grasst hand more what the other does. So strategic tacks is something truly essential for a business success. To mee the ch solelyenges definitely the organisation needs a change from both the external and internal environmentCitibank as a cliquish are facing some of the ch whollyenges, the following down the stairs changes are below Economic downturn E rattlingone is aware the global market is in a serious crisis position now. In this situation badly bear on country in America and Europe. Beca physical exertion of Lehman brother bankrupt the company finding a hard position now. Lehman brother was 4th largest investment bank in the USA, because of the bankruptcy the America is in a critical situation. This should not happen to others banks, So because of this every bank is using bleak-fashioned outline to overcome with this situation. This economic downturn remove a wide explode on banking sector.Competitive pressure India is the second largest population in the country. In india we potentiometer find numerous private banks to its best and they give the service to the custome is also outstanding. Now this is the time every bank should use the scheme to bring customers with our bank. So the Citibank has started a new quickness by transferring the monetary resource to other banks by NEFT. This was not introduced in the othere banks. So everyone attention has false to Citibank. So this is there we need to implement the dodge and make successful. So this would create a competitive pressure to other banks.Technological organic evolution In finally few years technology has been expatiateed a vast and it helpers in many ways for us. Some of the banks dont affirm facility of transferring the funds to other person for the same bank he has the account. We provide transfer the amount but it go out catch one twenty-four hours for registration therefore we faecal matter transfer the money. Citibank has came up with new dodging by with in a minute money will be transferred to the account. If we had that person in to the payee list. Because of the technological development it make very easier to the customer. preparedness for extension Citibank atm has nap of branch over Chennai and Mumbai cities, as a feed back from customers they receive opened lot of atms for customers welfare. So by creating a wide extension they erect retain their largest market position. plump for holders take on Its nothing but who participates in the organisation by at present or in educately. Directly means those who harbour invested the money in the organisation. Their demand is similar company should earn profit and they have to top listed in the global market. Indirectly means customers, their demand is equal online services, atm services, deposits and requital in online. So this will motivate the bank for change.2.2 Driving Factors that entice the changeChanges does not take place in every little(a) while, There are some all important(predicate) driving component parts which plays to be an important fiber for change in the organisation. There are two move of factor external and internal. foreign Factors The outer environment factors are of two contrastive types the cosmopolitan environment and task environment.External Environment The general environment of organisation are listed belowPolitical changes and murder of a new governmentCurrent saving changes such as boost down of stock market and exchange ratesTechnological change which may affect the gentle life in both products and processLegal implication of new government policesClearly these factors are isolated from influence in change in the organisation.Definitely the organisation will over come the challenges would do well and anticipate to these development as they translate directly or either a th reat that mustiness overcome an opportunity.Internal environmentsInternal factors play a major habit for changing in an organisation. These factors are driving the change and make the organisation support for achieving the objective.Change of Management Each and every organisation make a change over the pass executive officer after some years of service. When a new chief executive office comes in to the organisation make some new strategic changes to the organisation. pecuniary Issue Generally every organisation want to make the compute competitive for the project. They need the output result to be effective in minimum budget. This is what every organisational objective. In some times this wont work out in some of the projects, in this case they will make the change to cut down the budget amount.Technological wear outment In this modern world every solar day a lot of new inventions have been invented new by the scholars to promote the business, make the life convenient and com fortable. Organisation can advertise their business by the technology they can use the opportunity and competite others.In case of Citibank, have some of the factors which driven its change in the last few years.Economic Downturn In the global recession Citibank has been badly affected for eg Citibank back end BPO projects have been outsourced to india in the name of Citigroup global services, once the recession affected the market as well as the bankrupt of lehman brothers as affected the America badly. At that time citigroup has been acquired by TATA CONSULTANCY SERVICES. Otherwise it would be rough for the organisation to pass their business.Political issue Generally fit to the new government rules and regulation, the bank will adhere to the policy and make a new schema according to the new legislation.Technological Development When comparing with other bank always Citibank at the top. Their service is outstanding eg online service is user companionate to the customers. Th ey make use of the full technology development.Customers expectation Citibank always carry out their customer needs. Eg they provide sms service to pay the bill or to make do the outstanding amount of the bill. Apart from that they are doing extra services like paying the mobile bill, electricity bill and so onDemographical situation Citibank has lot of branch in india and other principal(prenominal) cities like Chennai and Mumbai, So they have the plan to open the brach in remote villages of citi for the benefit of the customer involve and the feedback. This will creat a extra ordinary change in socio economy of india.Pressure from the rivals Generally in india there are lot of private banks which is very competitive, Citibank has done many strategy changes to make the bank as unique, for eg. Those who wreak the money for mortgage, the citi has came front and offer loan in an spellbinding absorb to the customers.The above factors discussed here which plays the major role for change in the organisation. I have not listed down all the factors. Whatever the factor that is not important, organisational change is the process which is related to growth of the organisation. Its failure or success but the change is very important to the organisation to achieve the organisational objective.2.3 Resource Implications Resources are the major factors of the organisation. The better resources can bring the taxation and opportunity to the organisation. Organisation use unlike resources to achieve their goals. The major resources apply by the organisation are striked below 1. Human Resources2. financial Resources3. Physical ResourcesHuman Resources Human resources is the most important resources in the organisation. They champion all other department in the organisation like, admin, cafertaria, marketing, supplier etc. HR team is the one who recruit lot for other department. If a new process comes to the organisation they are one who recruit people accordi ng to the criteria of the process. HR team facilitates other roles in the organisation like employees needs and readinesss etc. To achive the organisational goal change is much needed for organisation. financial Resources Finance is very much important to the organisation, with out that nothing can be done. For each and everything we need finance. Eg to give dressing to employees and induction to new people for each and everything we need money. So the company will accent on finance, they need a good output with minimum budget. In the recession period many of the banks have faced the problems. Some of the banks have reduced the salary of the employees of the bank.Physical Resources Physical resources support the gracious resources department to do the job properly in a right way. For eg human resources cannot do all the work with out proper physical resources. Infrastructure, transportation, machine are coming under the physical resources which can help for human resources and unneurotic they can achieve for organisational growth.3.1 Systems of involving stakeholdersStakeholders are the people who have wager in the organisation or have influence or mogul over it. For changes in the organisation stakeholders plays a major role. The internal stakeholders have more magnate and more interest. Some have low powe and proud interest. Stakeholders support is very essential to organisation with out their support changes is not possible.The Key stake holders may divide into two categoriesInternal andExternalInternal Stakeholders Internal stakeholders are people who work inside the organisation is called internal stakeholders. For eg customer, employees and executement. They are the most effective to the changes happening in the organisation.External Stakeholders The people who are outside the organisation are called external stakeholders. For eg supplier, buyer, government etc.Stakeholders of Citibank Citibank stakeholders play a major role in changes of or ganisation. They are the one who strike change and make it successful. With out them changes is not possible. They have to accept the change so that we can achieve our organisational objective. The stakeholder of Citibank can describe as followingInvestors The investors of bank is vey important. In that stakeholder is the investor. So he is more important to organisation. So they have the full influence to changes in the organisation.Employees Employees of the organisation plays a major role in change of organisation. When the changes need to the organisation, the direct support comes from the employees to change or resist the change. All the employees of the bank in the organisation are key stake holders of the organisation.Management Management is altogether responsible for the growth of the organisation. They are the one who implement the strategy and implement in day to day activities and make success for the organisation.Customers Cutomers are the asset to the organisation, when the changes place in the organisation customer focus to the organisation. As well as bank is very keen on customer when the change is going on.Share holders Shareholders are the owner of the organisation. The bank gives postgraduate anteriority to the shareholders, with out their decision the bank cannot change anything in the organisation. Shareholders have high interest and high forwardity in the organisation.Community Community is something very important, bank have to look around whats happening because some of the Islamic banks are giving interest free as that is religious to them. So like that we need to give low interest of mortgage to customers, so that customer attention will turn around.Government Government is one type of stakeholder in the organisation. Because we are paying embodied tax to the government as well as they have the strong agent on the business. Bank obeys legislative roles made by the government.Stakeholders of the organisation has every power to change in the organisation and implement the change in day to day activities. Once the stakeholder gives the suggestion, vigilance will think about the change and implement the same in to organisation. The stakeholders have more privilege to travel by the change in the organisation as they have more interest in the organisation.3.2 Involving stakeholders in the change management strategyInvolving stakeholders in the strategy change is depend on the realationship between the stakeholders and the organisation. The steps involving stakeholders are belowIdentifying their interest in organisationIdentify the output strategic challengesgraphical record the relationship betweenRecongnise the important stakeholder from the organisationAs per mendelows matrix the stakeholders of mixed bag is described belowHigh power + High interest = Investors, executive director bodyHigh Power + Low interest = Government,Low power + High interest = Employees, shareholdersLow power + Low interest = Cus tomers, familiarity3.3 Evaluation of the systems employ to involve stakeholdersChange in the organisation will be success only if we regularly do the audit check on that particular changes. So we can be aware of whats happening because the impact of failure of an effective change can be very high, losing in market, changing in senior management, losing of employees.In the recent Citibank has made a major changes in the organisaiton They have message services, online services those who lend the money for mortage is very low interest to the cutomers. By implementing this changes they have used some methods to involve its stakeholder in the change management strategy.Meetings Citibank has arranged see with his stakeholders to share the view of change in the organisational strategyCoaching Citibank is regularly monitoring the employees. If an employee sticks in to the same process for two to three, years the employee will feel very bored to work, so he needs a change, so the organ isation will come front and give learn about the other process, so that employee should be ready to accept the change. assign Its one of the methods to involve the stake holders in the change management process. The management can assign some of the task by dividing between the team to delegate the work properly. This will make a huge change process in the organisation.Presentation It is one of the useful methods to get a line the stakeholder. The bank will set up power point presentation and make them understand what we are doing in the organisation. So that stakeholders are aware of what we are doing in the organisation.3.4 opposite to changeResistance to change can be defined as an person or team engaging in acts to stop or disrupt an attempt to introduce change. Resistance itself can make different forms from undergoing of change initiatives in the organisation. ii types of resistance can be consideredResistance to the content of change A change in the technology or innovati ve to a particular reward for recognition.Resistance to the process of change This type of change is for the affected employees. With out prior information a job is been assigned to the employees. After management knows they go for a change in the organisation.Steps should be taken to manage the resistance of change in the organisation NegotiationEdit inspectionManagement should be aware of whats going around in the organisation, because change in the organisation is something is not very easy to change. First the management teams go for the discussion and comes to the conclusion what should be implemented or not in the organisation. Then again they have to set up the see for the stakeholders, we need to explain the advantages of the changes in the organisation to shareholders and make them understand. At last we have to convey the changes to the employees.We dissolve for whatever the changes might be in the organisaiton. And what ever the reason the changes have made necessary to implement in the organisation. The changes in the organisation is very much effective to achieve organisational objectives. bewilders of Strategic ChangeThere are many gets of strategic change7S Model Mckinsey five-spot stages transition circle Kulber RoseEight steps to successful change John p kottersChange management mannequin Kurt luwin workaday Change model Burke Litwin7S model of Mckinsey The 7S model can be used in a variety of situation where an alignment persuasion is useful, below are the following examplesIt helps to improve the performance of the companyManagers are willing to examine and learn its intention and reason and execute the modelIt will help to create a great business dodging Plan for allocation of a firm scarce resources, overtime to bring in identified goals.Structure The organisation is well structured and centralized.System sidereal day to day work in organisation and procedures should be follow employee shared out Values This deals a maj or value to the company that influence the corporate culture and the general work in organisation.Style The key role of manager is adopted in the organisation.Staff Number of employees in the organisation.Skills extremely skilled employees are working in the organisation.The Mckinsey 7S model involves seven mutualist factors whichare categorized as either hard or flabby elementsHard elements are Strategy, Structure and System.Soft elements are Shared values, skills, agency and staff.Hard elements are easier to define or identify and management can directly influence them These are strategy statements organization charts and reporting lines and courtly processes and IT systems.Soft elements, on the other hand, can be more difficult to describe, and are less tangible and more influenced by culture. However, these soft elements are as important as the hard elements if the organization is going to be successful.Placing Shared Values in the middle of the model emphasizes that these v alues are central to the development of all the other critical elements. The companys structure, strategy, systems, style, staff and skills all stem from why the organization was originally created, and what it stands for. The original vision of the company was formed from the values of the creators. As the values change, so do all the other elements.1.2 Evaluations of relevance of models of strategic changeOrganisation is making changes according to the current situation and current economy. There are so many models in strategic change but we cannot implement all the strategy in to the organisation. We need to implement the correct strategy in a right time to execute the success of the organisation. Among the other models of strategic change Kurt Lewins model is used in most of the cases.Organisation should use this model for strategic change for organisational development. For a change organisation should change the chief executive officer and the managing director for achieving t he organisational objective. So that new managing director introduce new online banking service and atm service. At the beginning the employees wont accept the change. But later on we should tell the advantage of the changes in to the organisation. Then the new executive of the bank go for a change to manage the organisation.First the bank should arrange the take ining with the branch manager and the hale employee of the organisation and the backend team. And they should make understand the changes and benefits to the organisation. When the managers understand the vastness of change in the organisation, then they will cascade the message to the employees, in this way all the employees will ready for the change and move for their comfort zone.Secondly the management should be aware of changes is very important in the organisation. This stage of change is needed when the situation arises for the organisation. The changes will make the employees training, mentoring, groupdiscussion, so that employees could learn the changes and implement in the work.At the end change has been made now the managers and employees together should perform and achieve the goals of the organisaiton.1.3 Assessment of the value of using strategic interventions techniques in organisations The field of organisation using a variety of processes, approaches, methods, techniques, applications to address organisational issues and to achieve the organisational objective and to increase the performance of the organisation.Human process interventionsWith todays strong importance on human values. The following interventions are getting a great deal to the organisaiton. And that will change the organisation to different reach over the customers. The human process will do a project and make them understand the benefits of change over the organisation. The following interventions will be subservient to change the projects in the organization. New employees, different cultures working together, ma ny complaints among organizational members, many conflicts, low morale, high turnover, ineffective teams, etc.Guiding Individuals preparationCounsellingMotivatingMentoringLeading in frontGroup basedGroup DiscussionBuilt the teamManagement conflict practical(prenominal) teamsSelf directed work teamsThese strategic change interventions will make a huge change in the organization. The organization arranged training for the employees and they should monitor the self evaluation of the employee. This will make the change in operational system successfully.4.1 Develop appropriate model for change straightaway organization face rapid change like never before, globalisation has increased the market and opportunities for growth and revenue. Ability to manage change to meet the stakeholders needs is very important by todays leaders and managers.Step one Create urgencyFor change to happen, it helps if the whole company really wants it. Develop a sense of urgency around the need for change. Th is may help you spark the initial motivation to get things moving.Identify potential threats, and develop scenarios showing what could happen in the future.Examine opportunities that should be, or could be, exploited.Start near discussions, and give dynamic and convincing reasons to get people talking and thinking. put across support from customers, outside stakeholders and industry people to strengthen your argument.Step Two Form a Powerful CoalitionIdentify the true leaders in your organization.Ask for an emotional commitment from these key people.Work on team building within your change coalition.Check your team for unclouded areas, and ensure that you have a good mix of people from different departments and different levels within your company.Step Three Create a wad for ChangeA clear vision can help everyone understand why youre asking them to do something. When people see for themselves what youre trying to achieve, then the directives theyre given tend to make more sense.C reate a strategy to execute that vision.Ensure that your change coalition can describe the vision in five minutes or less.Practice your vision public lecture often.Step Four Communicate the VisionIts also important to straits the talk. What you do is far more important and believable than what you say. Demonstrate the kind of behaviour that you want from others.Talk often about your change vision.openly and honestly address peoples concerns and anxieties.Apply your vision to all aspects of operations from training to performance reviews. Tie everything back to the vision.Lead by example.Step Five Remove ObstaclesIf you follow these steps and reach this point in the change process, youve been talking about your vision and building buy-in from all levels of the organization. Hopefully, your staff wants to get busy and achieve the benefits that youve been promoting.Figure Force field abridgmentIn the above figure, we see that there are some forces which want the proposed change c alled driving forceFirstly identified these both forces to implement change in right way. Then it arranged sitting with the restraining forces to develop a sense of urgency into them and use the driving forces to motivate the opposition quite than contradiction.Secondly the bank found some powerful people who positively support the need for change. It formed coalition with authority, delegation, status and expertise. It also ensures the team to have a good mix of people from different levels and different areas.Finally, it developed a sense of need of change in all kind of stakeholders of the bank e.g. customers, employees, directors, investors, community and others. It also introduced reward people for making change happened.4.2 Plan to implement a model for changeOrganisations use some tools to implement a model for change. Organisational development, business process re-engineering, delayring and rightsizing, get and pull strategy are the most common tools used for effectuatio n of change model.Business process re-engineering Business process reengineering (often referred to by the acronym BPR) is the main way in which organizations become more efficient and modernize.The two cornerstones of any organization are the people and the processes. Even the act of documenting business processes alone will typically improve organizational efficiency by 10%.engineering transforms an organization in ways that directly affect performance.1) Envision new processes2) Initiating change3) march diagnosis4) Process redesign5) Reconstruction6) Process monitoringThe most common approach to process improvement is to take an under-performing process, which is key to achieving the business objectives, and set about a systematic analysis to determine the most important areas for overhauling. These are then tackled on a project-by-project basis. The analysis and improvement is tackled by a temporary Process usefulness Team drawn mainly from people within the process.We may co nclude the point in this way that organisations need to use techniques before implementation of any change. Otherwise it may bring disaster for the organisation by resistance force to change. It also recommended that various tools or techniques may be used in integrated way for implementation of change in the organisations.4.3 Appropriate measures to monitor march onEffective change is needed to monitor the progress of change. Monitoring the progress of change is most important for effective change. Change is a process, where there might be some wrongfulness with people and some wrong with process. Change does not take place without proper monitoring over the process. Managers are required to keep an center of attention on the ongoing change and the reaction of this change. The evaluation of change progress can divide into following categories.Goal-based evaluation