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Pan Asia Bank

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Submitted By hasthi
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Pan Asia Bank is one of the leading commercial bank in Sri Lanka. But after two years of it’s started, in year 1997 bank face serious financial and management issues. Due to this, bank went to collapse and “Valuable One” PLC acquires the bank and they did a massive change in order to overcome financial and management difficulties.
In this Assignment I discuss how the change management happened in PABC and how it effects to organization’s design, culture, individuals and team working and how we can explain the change by theories and how to improve it towards positive.

List of Abbreviations * PABC -Pan Asia Bank Cooperation * PR - Personal Relations * CFO - Chief Financial Officer * CIO -Chief information officer * CMO -Chief marketing officer * CRO -Chief Risk Officer * NTB - Nations Trust Bank * PLC -Public Limited Company

Table of Contents Acknowledgement ii Exclusive Summary ii List of Abbreviations iii 1.0 Introduction 3 1.1 Company Profile 3 1.2 Vision and Mission 4 1.3 Organizational Structure 4 2.0 The change process 5 2.1 Why PABC required a change management? 5 2.2 Change Management 5 3.0 Management practices with regards to organizational change process 6 3.1 Re-Segmentation 6 3.2 New departments 7 3.3 Risk Management 7 4.0 Management practices with regards to cultural change process 8 4.1 The sales culture 8 4.2 “Whistling Blower” Policy 8 5.0 Management practices with regards to organizational design process 9 5.1 Centralization 9 5.2 Front office back office concept 9 6.0 Management practices with regards to team work 10 6.1 Focus on team effort 10 6.2 The moral boosting 10 7.0 Management practices with regards to individual work life 11 7.1 New HRM system 11 7.2 PABC Colours night 11 7.3 Incentives 11 7.4 Training and Development 11

8.0 Theories that can use to evaluate the

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