Organisation and Management Essay Example for Free

Organisation and Management Essay Today I will discuss about the different organisational roles at ANZ bank. The report will cover whole the process which are done daily by the organisation to maintain their position and to fulfil the needs of customers. I will elaborate the purpose of organisation and the roles of management for e. g. informational, decisional, and interpersonal. There are various types of professional skills which are used in daily management. It will include the process of task focus and efficiency and effectiveness of the organisation. Moreover I will show different functions of internal and external factors which are related to the people and system We will discuss today about the change management framework that how it effects the entire organisation about ANZ bank New Zealand ANZ New Zealand is New Zealand’s largest financial services group and is a subsidiary of Australia and New Zealand Banking Group Limited of Australia. ANZ New Zealand operates until 2012 under the legal entity ANZ National Bank Limited which was formed as part of the 2003 merger of ANZ and The National Bank of New Zealand. From late October 2012, the company was renamed ANZ Bank New Zealand as part of the merger of the ANZ and National Bank brands. ANZ New Zealand operates under a variety of different brands, such as ANZ, UDC Finance, EFTPOS New Zealand, Bonus Bonds and Direct Broking. It provides number financial services, including banking services, asset finance, investments and payment solutions. Purpose of Organisation and Role Management The purpose of ANZ bank is to providing finance which is involved in borrowing and lending money. Bank takes customers funds in return for an annual interest on their payments. Then bank use majority of this fund to lend other customers for a variety of loans. The difference between both interest rates is effectively the profit margin for bank. Bank also provides other facilities to consumers, such as instant access to cash advice on financial matters and methods to make international payments. Increasingly banks offer electronic transfer of money through systems. Bank provides Lending varies from unsecured personal loans to secured mortgage lending. Unsecured lending tends to be at a higher interest rate because of the risk factor. Secured mortgage lending is at a lower rate. Role of informational organisation in management Information management is used in organisations. Yet information is applied by individuals in those organisations. The counter point between the organisation and their individual members has particular same to information management because of its responsibilities to both the organisation at one level and to individuals at second level. This counterpoint means that we need to consider both the organisation and its members in information terms as a beginning level point for developing strategies for useful information management in small and medium size enterprises. The purpose of the paper is to develop some general view points for effective information management. Technical skills of management The skill is to apply expert knowledge or capability. All jobs want some specific expertise, and many people build up their technical skills on the work. Vocational and on the job tuition programs can be used to enlarge this type of talent. Human skills This is the capacity to work with, appreciate and inspire other people (both independently and a group). This requires kindliness towards others issues and concerns. People, who are talented in technical skill, but not with interpersonal skills, may face hard to manage their subordinates, To obtain the Human Skill, it is relevant to distinguish the feelings and sentiments of others, ability to motivate others even in difficult situation, and communicate own opinion to others in a positive and inspiring method. Conceptual skill This is a capacity to essentially analyze, diagnose a condition and forward a realistic solution. It requires creative idea, generating options and choosing the best available choice. A mark of a good leader is to be able to provide steady motivation to his team cheering them to attain excellence and quality in their performance. A good leader is always looking for ways to get better production and standards. Here are five management skills you can develop as a leader in working to create a quality effective team. 1. Observation his is an important part that often gets mistreated due the demand on a leaders time and plan. Observation and regular visits to the job environment are a priority and should be scheduled into the chart. Observing workers at work, the procedures, interaction and work course is foundational to implementing adjustments to get better results. To have credibility, a leader desires to be seen and be known to be up to date with what is occurrence in the work place. 2. Monitor Employee Performance Employee performance needs to be monitored in normally accepted ways. Policies and procedures need to be comprehensible. Conferencing should be on a normal base and not just when there is a dilemma. Assessments and evaluations should not be only all requests or viewed a needed official procedure to be done and filed away. Individual and group firm decisions, joint with the eagerness and flexibility to get used to and alter decisions when needed, create liberty in the leadership conferencing should be undertaken not only to manager concert, but with the hope of ongoing specialized growth and support. There should be normal support and reasonable criteria for in progress goals both for the group and person. . Implementation of Professional Development Programs A good boss evaluates weaknesses and provides tuition and growth strategies to build up the weaker skills in the group. Demonstrates Working Knowledge and Expertise Good leadership comes from a position of strong information and knowledge of the manufacture and process leading to grades. If a leader does not have all the skill and information individually, then regular consultations with experts concerned in the departments should be assumed. This is vital in order to retain an perfect and knowledgeable overall image. . Good Decision Making Good leadership is categorized by the ability to make superior decisions. A leader considers all the similar factors before making a decision. Clear. Management philosophies and management practices The idea that customers won’t afford enough of the organisations products unless the organisation undertakes a large selling and promotion effort. Achieving organisational goals depends on the needs and wants of its focused market and delivering the desired satisfaction very effectively and efficiently than competitors.