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Bancolumbia: Talent, Culture and Value Creation Management in Mergers Essay

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Any organizational culture interventions are designed to address issues that affect http://term-paper-outline29.mystrikingly.com/ almost everybody within that culture. These interventions are done for a number of reasons. There are always enormous pressures on organizations to reduce costs, increase productivity, speed up cycle time of product development, clarify direction, improve morale, and increase participation. Sometimes organizations approach large scale interventions consciously and intentionally, such as when they develop a 3 to 5 year strategic plan, engage in a culture change initiative, or acquire/merge with another organization like in the case of Bancolombia.Change may also be forced on the organization unintentionally due to changes that occur inside the organization such as an unexpected structure change which was also the case for the parties involved in the Bancolombia merger. Organizations often choose a large-scale intervention when the task is complex or urgent, or when multiple people are required to accomplish it.