Title: Shifts in organisational design, culture and structural paradigms in financial organisations during economic recession
Author: Rajagopal , Ananya Rajagopal
EGADE Business School, Monterrey Institute of Technology and Higher Education, ITESM, Mexico City Campus, 222, Calle del Puente, Col. Ejidos de Huipulco, Tlalpan, 14380 DF Mexico.
HR Business Support, LatAm International, HSBC Corporate Office, Mexico
Journal: Int. J. of Business Excellence, 2011 Vol.4, No.4, pp.385 - 398
Abstract: In the rapidly changing global business environment multinational organisations experience the principal design challenge in managing differentiation in work culture and organisational structure towards achieving predetermined goals. Organisational design is a process involving development of control measures that help in coordinating organisational tasks and motivate the people to improve their performance. This paper discusses managing the values and organisational change in financial institutions during economic recession and driving sustainable growth. The discussion demonstrates a sustainable paradigm for managing performance and sustainable growth of financial institutions by converging traditional design activities, work culture, and monitoring and evaluation measures. Practitioners can benefit from the discussion presented in the study to clarify, improve and enrich new approaches of organisational designing during economic crisis.
Keywords: organisational design; workplace culture; organisational structure; monitoring; control measures; resource management; investor relations; downsizing; organisational performance; competitive advantage; structural paradigms; financial organisations; economic recessions; global business; multinational corporations; MNCs; differentiation; coordination; motivation; performance improvement; performance management; sustainable growth; convergence; evaluation measures; economic crises; business excellence.
Available online 30 Jun 2011