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Essay / Research Paper Abstract
This 14 page paper considers the Halifax Bank, formerly a building society and how organisational culture has developed and now manifests. The paper begins by looking at the company itself, its foundation, initial purpose and the starting culture and how it has developed along with the pressures on the culture form the wider banking industry. The paper then examines the theory behind the development and maintenance of organisational culture before applying this to the case study and assessing how the culture is “fit for the purpose”. The paper ends with some recommendations. The bibliography cites 8 sources.
Page Count:
14 pages (~225 words per page)
File: TS14_TEculhalifax.rtf
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Unformatted sample text from the term paper:
level of a single company then the background to that company needs to be understood. The name of Halifax Building Society is well known on the UK high street, even
though it has now changed to a bank. This organisation is now a conglomerate, having taken over the Bank of Scotland and made the transformation to a bank itself, and
understanding this places the development and the current culture into the internal perspective. If we look at the Halifax Bank it was
not always at bank, formed as a building society in the nineteenth century it is the tenants of a mutual society that it followed (HBOS, 2004). The building society movement
evolved during the industrial revolution, there were housing shortages, and as people moved to the towns they needed housing (HBOS, 2004). These small groups were formed by collectives of white
collar workers and skilled craftsmen who would save up collectively so that they could buy some land, and then build houses (HBOS, 2004). When a house was built there would
be a ballot take place to decide which of the group members would have the house. Even when a member had a house they were required to still make their
payments until all of the group members had a house (HBOS, 2004). There groups were groups that would then close when each member had a house, and they were called
terminating societies. It was only after this that permanent societies were developed. These came about as it was discovered that even when an individual had a house, that they were
still prepared to pay into the society to help those who did not as long as they received interest on their investment regularly (HBOS, 2004). They were lending money collectively,
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