Being able to recognize potential pressures that require an organization to change its practices or processes is a vital for its success. Examine an organization in a field or industry. Evaluate the pressures the organization currently faces and discuss the potential effects these pressures could have on the organization. Use the evaluation of this organization for Implementing Change solution.
Include the following:
1. Identify and describe the organization that is evaluated. Provide an overview of the industry within which the organization operates.
2. Identify the environmental and organizational pressures currently driving organizational change in the field or industry. Explain the origin or reason for these pressures and explain how they directly affect the viability of the organization.
3. Predict what type of organizational changes (first-order/second-order) these pressures may cause within the organization.
4. Provide support for the analysis and prediction.
Consider the mortgage banking industry that changed due to the 2008 economic crisis, mainly, rooted in the housing market dealing with securities backing investments. In your research, the focus could reflect business entities that directly contributed or indirectly causing the stress to the economy marketplace platform. Case example, Bank of America, as one of the pioneers in the mortgage lending corporations, pressures for change had to occur thereafter into the current day to avoid the potential setback in areas critical to avoiding such global breakdown: (1) quality control (2) risk and research management (3) constant training that empowers change (4) adapting to the ever changing Fannie Mae and Freddie Mac to assure proper underwriting guidelines reflect the necessary approval and processes accordingly.
Quality Control Can Create Evaluating Pressures for Change - Try and focus with this case study example of BOA or any other industry business entity, regarding, this area dealing with quality issues that always puts pressures for organizations to change for the betterment of the consumer and the stakeholders. In the case of Bank of America, the 2008 economic crisis resulted had to recognize potential pressures by not changing their internal underwriting and credit worthiness could impact the overall financial spectrum. Thus, the quality in underwriting is the oversight to what happen prior to the mortgage loans even reaching underwriting by the broker, loan officer, and loan processors that work in alignment to "third party entities" vendor, such as; the title companies, appraisers, builders, attorney offices, and sub-contractors (Manohar, Enugala, 2012).
According to Eavis and Corkery (2014), that require Bank of American organization to change its practices or processes by taking he largest, mortgage settlement and restructuring their role of the big banks into the financial crisis in quality control programs. Keep in mind, the Bank of America not only agreed to the settlement of a $16.65 billion dollar deal, according to Eavis and Corkey (2014), but to address the actual financial burden in infusion resources accordingly that offers (1) accountability in the initial loan creation phase, such ...
The review into evaluating change within an organization for effectiveness for success within the marketplace.