Preparing To Conduct Business Research Part 1: Out

Preparing to Conduct Business Research Part 1: OutlineOrganization: ANZ BankIssue: Maintaining skilled workforceDescribing the selected issue/ problem facing the organization ANZ Bank provides a variety of banking and financial solution services and products. Its main market is in New Zealand and AustraliaCurrently, ANZ Bank operates in a competitive market, attracting and retaining a pool of talented and skilled employees is becoming an expensive undertaking.Competition from other established banks is the main factor,The bank has also planned to take over other markets in developing country, thus stretching its limits in terms of HR requirementsSignificance magnitude of a feasible solutionANZ Bank needs an urgent solution to this problem The bank needs a long term strategy that involves structuring its organizational culture. Currently the bank’s employees are selected according to professional competenceA feasible solution will involve transforming the workforce, from profession driven employees into stakeholdersEmployees need to focus on the company’s successes rather than individual gainsAn ambitious strategy that will involve identifying and mentoring young professionals from entry levelWhile undertaking the project the bank needs to maintain its level of profitability while mitigating possible risks arising from a bloated workforceA diversified