Preview

ANZ and its culture

Good Essays
Open Document
Open Document
1679 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
ANZ and its culture
Topic 2

Question: What does your research about the organization and the other items you have found tell you about the culture of your organization?
ANZ Bank is among the top four corporate banks in Australia. With diverse and wide expansion of market the bank has developed the multicultural environment to support the employees and customers based on their ANZ values. Organizational culture on the ANZ’s view is to focus on the employees and customer’s values and molding according to employees and customer’s demand. Organization culture is a set of value, norms, standards for behavior and shared expectations that influence the ways in which individual, groups and teams interact with each other and cooperate to achieve organizational goals (Waddell, Jones & George, 2011, p. 85). An organization’s culture is long term pool of the life experiences each employee brings to the organization. Culture is highly influenced by the organization’s founder, executives, and other managerial staff because of their role in decision making and strategic direction. This essay will generally focus on dominant values of ANZ Bank, philosophy, organizational climate, cultural transformation and managing the change of ANZ Bank.
Dominant values of organization describe the way organization presents in front of employees and customer and its serving style. ANZ bank believes that they highly valued their customer and employees and put them ahead of everything. Their values are a shared understanding of what they stand for as organization and are applied by all employees across their region. The things they won’t compromise for deliberate service rendering in any situation with customers, shareholders, the community and each other on the strong value based culture which demonstrate how strongly they deliver their attitude to all. Strong integral representation of 'Do what is right' (newsID=97643) displays that they do their job honestly and ethically making open and transparent

You May Also Find These Documents Helpful

  • Good Essays

    The culture of an organization can be defined by the ‘way they do things’, this means the way they make decisions, operate and how they choose and achieve their objectives. As culture is a set of values and practices, changing it may be difficult and a long process, especially if the change is organized by a new chief executive.…

    • 927 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Hobby Lobby

    • 1123 Words
    • 5 Pages

    Organizational culture is the summation of the underlying organizational values manifesting as collective assumptions, attitudes, beliefs, expectations and norms. Grounded in the customs and values of the organizational construct as well as in the experiences and interactions of the people within its walls, culture is the personality of an organization. In order to unravel the complex dynamics of culture within an organization, Edgar Schein offers a theory which categorizes culture into three basic elements, artifacts, espoused values and basic assumptions (Nelson & Quick, 2011).…

    • 1123 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Organizational culture can be defined as a set of understandings or meanings shared by a group of people that are largely tacit among members and are clearly relevant and distinctive to the particular group which are also passed on to new members (Louis, 1980). A review of two long-time super grocers, Wegmans and Giant, suggests that an organization's culture develops to help it cope with its environment. Wegmans’ has a defined culture that is visible in all aspects of the business and can be considered a major attribute to the organization’s economic success. Giant does not have a defined culture and the result is evident in dissatisfied employees and difficulties with organizational transformations. The success of an implementation of a new strategic plan leading to a new vision must be consistent with the organization’s culture.…

    • 6664 Words
    • 27 Pages
    Powerful Essays
  • Best Essays

    Organizational culture is not a new concept in the world of organizational behavior. Yet despite its age, it still has many varied definitions as well as philosophies on its importance and impact to the success of a company. One definition is that organizational culture is a cognitive framework consisting of attitudes, values, behavioral norms, and expectations shared by members of an organization (Greenberg, 2013, p. 368). Greenberg (2013) further explains organizational culture through an analogy of a tree. Organizational culture are similar to the roots of a tree. Roots provide stability and nourishment for a tree in the same manner that culture provides these things for their organization. Another way to think about organizational culture is that it is the unseen and unobservable force that is always behind the tangible activities of an organization which can be observed and measured. (Gundykunst & Ting-Toomey, 1988). “Culture is to the organization what personality is to the individual – a hidden yet unifying theme that provides meaning, direction, and mobilization” (Kilman, Saxton, & Serpa, 1985).…

    • 3262 Words
    • 14 Pages
    Best Essays
  • Best Essays

    The overall purpose of this report is therefore to identify the organisational culture, define the strengths and weaknesses, and provide recommendations for culture change.…

    • 4204 Words
    • 17 Pages
    Best Essays
  • Satisfactory Essays

    What is “organisational culture”, and why is it important for managers to have a thorough understanding of their organization’s culture? Illustrate your answer with reference to examples.…

    • 287 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    This project will be base on organisation culture as a whole in comparison with innovative organisation Virgin’s culture, Is it having a single or multiple cultures? And then culture linkage with business aspects (Strategy, Structure, Pay/Rewards and Leadership).…

    • 4259 Words
    • 18 Pages
    Powerful Essays
  • Better Essays

    Mpo Assignment 1

    • 1226 Words
    • 5 Pages

    In this paragraph, I am going to discuss about how organisations relate to their employees through organisational culture. First of all, I will employ a reference from Parker (2000) in order to bring out the main point of the book of where we gain important insights from applying culture to organisations. According to Parker (2000), an organisation is treated as a whole family which includes every member from the CEO to…

    • 1226 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    A unique corporate culture is hard to duplicate or imitate and thus helps to sustain a firm’s competitive advantage. Organizational cultures vary widely in the extent to which they are woven into the fabric of the organization’s practices and behavioral norms. The strength of any culture depends on the degree to which these norms and practices are widely shared and strongly held throughout the organization.…

    • 403 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    The purpose of this paper is to exemplify how organizational managers and leaders create and maintain a healthy organizational culture and recommend two strategies that organizational managers and leaders can use to improve this culture. As an example I selected a Canadian multinational corporation – The Toronto-Dominion Bank.…

    • 1521 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Organizational culture consists of different traditional ways, values, and certain beliefs when setting out the rules for making a decision, power, and formation of a company. The organizational culture focuses more on leadership values. Culture determines the way we as people handle business and also for one’s own success. By having a structured organizational culture, it allows the employees to feel that if they do what is right, they will be rewarded for their actions. The following paragraphs will discuss the impact of leadership and the mores of senior management and how they affect both the culture and the application of power. We as a group have chosen a law firm as the “model” company.…

    • 872 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Conflict and Culture

    • 4220 Words
    • 17 Pages

    An organization’s psychological and social climate forms its culture. The culture represents the values, beliefs, assumptions and symbols that define the way in which the organization conducts its business. It tells the employees how things are done, what is important and what kind of behavior is rewarded. It impacts on employee behavior, productivity and expectations. Finally, it distinguishes the organization from other organizations. Although there is no one ‘best’ culture, there is a clear linkage between organization culture and organization effectiveness. Organizations with strong positive cultures, for example, have a much better chance of success than those with weak and negative cultures. It is important therefore for management to foster a culture that promotes the achievement of the organizations objectives.…

    • 4220 Words
    • 17 Pages
    Best Essays
  • Best Essays

    Organizational culture: What type of culture do you plan to foster and how? Who will the culture institutionalize the organization’s values?…

    • 2226 Words
    • 9 Pages
    Best Essays
  • Good Essays

    Diversity In Workplace

    • 664 Words
    • 3 Pages

    A great deal can be learned about an organization by analyzing and exploring the various aspects of an organizational observation. Currently I am employed at This ‘n’ That, a discount retail store, which focuses on providing customers with quality products at a below market price. Organizational diversity, dress and language, and communication flow are all factors that influence my organizations culture.…

    • 664 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    There is a cultural variation with each society, depending on region in which a particular organization located. Organizational culture consist uniquely patterned beliefs, feelings, values and behavior that connect the members to the organization.…

    • 3392 Words
    • 14 Pages
    Powerful Essays