Company analysis - Bancolombia Essay Example | Topics and Well Written Essays - 4000 words

Organization investigation - Bancolombia - Essay Example The diverse culture and qualities of the three banks took an interest in the merger were difficult to be overseen. The ongoing retirement of the firm’s CEO would set the fate of Bancolombia in hazard, if the new CEO would not have the option to comprehend the firm’s culture yet additionally the employees’ needs. Chapter by chapter guide Executive Summary 2 Problem Statement 4 Supporting Evidence 4 Key choice measures 7 Recommendations 8 References 11 Appendices 12 Problem Statement The advancement of the difficult explanation with respect to this examination requires the reference to a progression of occasions that prompted the development of Bancolombia, as in its present structure. Bancolombia is an association come about because of two mergers. In its underlying structure, Bancolombia came about by the converge between the Banco Industrial Colombiano (BIC) and the Banco de Colombia. The above merger occurred in 1998 and prompted the foundation of Colombia†™s most remarkable firm in the financial business (contextual analysis, p.3). Bancolombia, the firm came about by the above merger, arrived at a piece of the pie of 11.5% (contextual investigation, p.3). ... The ID of compelling HR the executives rehearses was of basic significance in Bancolombia, as a business substance built up in 1998. With regards to the subsequent merger, a comparative issue has showed up. The subsequent merger occurred between three firms of the Colombian financial industry: Bancolombia, Conavi and Corfinsura. These organizations utilized various methodologies concerning the administration of their HR: an) in Bancolombia, accentuation was given on collaboration for guaranteeing that authoritative focuses with respect to benefit are met; the ‘Added Value System, (ADV), a client benefitting strategy’ (contextual analysis p.4) was utilized in Bancolombia to accomplish this objective. Furthermore, chiefs in Bancolombia have advanced a plan called ‘Cultural Transformation Workshops’ (contextual investigation p.3) for guaranteeing that representatives in Bancolombia are completely mindful of the way of life of the firm; b) in Conavi, employeesâ €™ needs were exceptionally esteemed; truth be told, ‘high work security and ceaseless connection among representatives and managers’ (contextual investigation p.5) have been the key qualities of the firm’s HR technique; c) in Corfinsura representatives needed to manage ‘large corporate clients’ (contextual analysis p.5); hence, the vast majority of the firm’s workers were specialists in speculation banking administrations (contextual investigation p.5); Bancolombia, in its last structure, needed to bargain with venture banking administrations as well as to retail benefits. This issue has been featured by administrators in Bancolombia, after the firm’s merger with Corfinsura. As indicated by the abovementioned, this study’s examine issue could be depicted as follows: would Bancolombia have the option to make sure about high worker execution thinking about the significant contrasts in the HR techniques of the three firms took an interest in the