Political and Economic Instability

Political and Economic Instability

  • Submitted By: cgymia
  • Date Submitted: 12/15/2008 3:48 PM
  • Category: Business
  • Words: 2838
  • Page: 12
  • Views: 574

Gap Analysis: Intersect Investments 1
Running head: GAP ANALYSIS: INTERSECT INVESTMENTS
Gap Analysis: Intersect Investments
Your Name Goes Here
University of Phoenix
Gap Analysis: Intersect Investments 2
Gap Analysis: Intersect Investments
Due to problems from political and economic instability after the September 11, 2001
attack, financial services industry is having a difficult time gaining the trust of clients. With
customers more risk averse due to volatility of financial markets, financial services companies
should respond with more innovative financial services and products in order to maintain market
presence. Intersect Investment case would require changes in strategy, which would include
change in vision and goals, improvement in service delivery model, and an overhaul in
organizational structures.
With fast paced environment, change is one important factor in an organization. The
point is that globalization of the economy created new demands for managers due to the
increasing rate of changes that organizations must face. Technological and societal changes are
creating pressures for organizations such that managers need to be more than competent.
Organizations should enhance their change management strategies in order to take advantage of
the opportunities that are present in these changes that the organization is experiencing in a new
economic environment (Kotter, 1996).
Intersect Investment must implement change management strategy in order to direct the
goals of each member of the organization towards a common objective. In order for any
organization to move forward, a culture that is very responsive to change is very important. The
second point that should be considered is the role of the employees in achieving the goals of the
organization. It is the ability of the organization to achieve the personal goals of the employee
that would help in maintaining employee satisfaction. Thirdly, Intersect should also recognize
the...

Similar Essays