Organizational Behavior Forces

Submitted by: Submitted by

Views: 702

Words: 657

Pages: 3

Category: Business and Industry

Date Submitted: 10/04/2009 05:30 PM

Report This Essay

Companies restructure the organization to make the businesses more effective and efficient. After analyzing company performances from previous years, the key employee, plans, develops and executes the reorganization. Depending on the company’s situation, several things could take place while restructuring an organization. Working in the banking environment, changes are bound to take place often, whether it’s down-sizing to improve budget and expenses, changing the policies to better fit the needs of the employees or restructuring or merging with another company to get capital gain.

The banking industry is restructuring as technology grows. Harris Bank is restructuring how it handles situations by analyzing the greater problem. They are beginning to combined departments and positions to rule out middle men and unnecessary crowding. The NPS also compares Harris with other financial institutions like network banks, community banks, and credit unions. If they have to work on making work easier and more productive for employees they are investing in it, if they have to catch up with technology they are working on it.

Metavante Corporation is a financial institution which provides and manages products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, and electronic presentment and payment for banks and large companies internationally.” The company has to go through reorganizations all the time, to help the growth process. The most current reorganization is taking place now. They merged with a larger company to enable us to generate increased value for shareholders and customers. Since both companies have similar functions, they must eliminate any duplicate departments to eliminate confusion to clients and also to keep profits and expenses at a minimum. Down-sizing will be taking place, but it has to be planned out thoroughly. To make...