Strategic Managment Assignment Example | Topics and Well Written Essays - 750 words

Strategic Managment - Assignment Example It involves the mission, vision and objectives of the company and also the policies and plans that are made to achieve these objectives. Strategic management helps the company to decide about allocating resources and plans in different programs and projects (Sadler, 2003). Our question asks us to discuss and analyse the strategic capabilities of HSBC and Oman International Bank during their merger in Oman. While applying a suitable theory from the strategic management context, we have selected the SWOT analysis framework for the given case study and in the following sections we will be discussing about the various strength, weakness, opportunity and threats aspect of these organizations. HSBC has operated in Oman since 1948 and has decided to merge its Oman branch with Oman international bank. Strategic capability and strength of HSBC in the merger can be stated as the opportunity the bank will get to invest $97.4 million additional capital in a key economy like Oman in gulf. As HSBC is present over there for 60 years in Oman thus they have recognized that this merger as a opportunity which will provide them with lots of opportunities in Oman. On the other side, OIB is the fifth largest bank is Oman who had gross assets of $3.2 billion at the end of December. The strength of the merger with HSBC Oman will provide the company with huge additional capital and the 60 years of operating experience of HSBC and the merger will not effect on the listing of OIB on Muscat Securities Market. The weakness of HSBC Oman before the merger is that HSBC has lack of opportunity and the weakness of OIB is that it is in the fifth position in the country and has lack of potential staffs. This merger will create the largest bank in Oman. Question 2 Identification and Critical evaluation of the change management style that I think is appropriate for the new organization Change management can be defined as an approach which is used in transitioning any team, company or any individual to change it in a desired state. It is a systematic approach which deals with the change from both side of a company and individual. Change management has different aspects which includes adapting the change, controlling change and effecting change (Anderson, 2010). From the aspect of this case, I will like to relate it with the view point of Kurt Lewin’s change management style. The theory is also known as the Unfreeze, Change, Freeze or refreezes (Liu, 2011). Unfreezing stage is the most important stage in change management. It indicates that the company should be ready to change. It involves the understanding regarding changes. The first step involves moving a department or individual or entire business organization towards the motivation that change is necessary to survive in this ever changing competitive environment. The second stage refers to the step towards transition. Because change is not event, it is a everyday process. Transition is the internal movement towards the change. It means the company is unfrozen and moving towards a new form. Strong skills and support is necessary in this stage in the form of training and guiding. Same in case of HSBC bank Oman SOAG, new company needs this change strategy to unfreeze itself to proceed