Final Project: PPT

Module 8 Assignment-Part 1

Tailored Data Report

Karen Crump

National Louis University

Dr. Beth Minor

650 Tailored Report

Part 1

The decision-makers in the banking learning and development within organizations include senior management and board of directors. Corporations must come up with a culture of learning, where employees acquire new skills and knowledge. The managers should have ready access to information that enables them to become better decision makers. The decision makers are responsible for bringing changes in organizations. Effective leaders ensure they inform employees about new changes in order to ensure successful implementation. The board of directors should also be involved in decision making to avoid conflict with the management. The leaders should have appropriate competencies needed to bring positive changes in the organizations. When designing the learning and development program, they must consider its feasibility and impact on organizational performance. Therefore, both senior management and board of directors must find ways to work in harmony to ensure effective change management.

The decision makers in banking corporations require quality information to perform their functions effectively. The managers and board of directors must have information about the current trends in the banking sector, communication system, consumer tastes and preferences, employee motivation, and marketing strategies. With time, the banking sector evolves with the implementation of new policies and regulations. Organizations must align their processes and systems to ensure they conform to government regulations. Besides, any activities that banking organizations engage in, impact their customer bases. When managers are making choices that affect customers, they need knowledge about customers' preferences. The management must also understand the marketing strategies that are effective in reaching out and attracting the target market. The organizations can consider utilizing social media marketing that connects them to many potential customers. The ability of organizations to implement change successfully depends on their readiness to change (Weiner, 2009). The management should engage employees to understand their views and perceptions about organizational change. When workers have the right information, they are more likely to support new changes.

The managers and board of directors should understand how the communication system in the organization impacts workers’ motivation and performance. When employees obtain timely and accurate information, they are motivated to perform their tasks according to the organization’s standards. In addition, an effective communication system facilitates leaders to prepare workers for change. The managers inform the employees on the reasons why change is needed to ensure long-term success and sustainability. Organizations have a variety of choices to select from when developing a communication strategy that include websites, presentations, social media, annual reports, and speeches. With these set of alternatives, it becomes a challenge to discern the appropriate techniques for communicating to a particular audience. When a suitable communication strategy is in place, decision makers are able to display key outcomes to key stakeholders.

The types of data displays that are useful in convincing your institution decision-makers about the findings include written reporting and quantitative descriptors. Written reporting provides an effective way of providing an analysis of a situation and recommendations for implementing changes. With written reporting, the decisions will be able to go through the findings thoroughly and extract all the useful information. When writing a report, the information is presented logically and concisely. The report outlines the problems faced by the organization and provides suggestions for improvement. Alternatively, individuals can also use quantitative descriptors to inform the decision makers about their findings. Quantitative descriptors allow people to present their findings using visual tools such as charts, tables, and text. Individuals obtain numerical data about the organization situation and analyze. Thus, when displaying the information, decision makers understand the organization’s current status. Quantitative data provide a clear picture of the areas that require improvements to ensure long-term success and sustainability.

References

Weiner, B. (2009). A theory of organizational readiness for change. Implementation Science.