INTRODUCTION TO ORGANIZATIONAL RESTRUCTURING AND ORGANIZATIONAL PERFORMANCE
Change is the general idea of every active organization. Change occurs in almost all organizations which means at every level of the organization. The focus of our project would be on structural change in particular. We will be focusing on changes in the authority patterns, allocation of rewards, access to information, technology, and the likes. It will give us a clear and broad view of the organization. I will be doing the comparison on the conditions of Bank Alfalah before and after restructuring. Bank Alfalah Ltd changed its structure from De-Centralized to Centralized in January 2008. We would be doing comparison of the organization before 1980 when it was led under the Federal Government and from 1980 till this time period since it has been autonomously run by the Board of Governors. Currently the bank is operating on a Centralized structure with 3 department i.e. Sales, Operations and recovery.
As the title of the project shows that we are focusing on the performance of the organization due to restructuring; so restructuring is defined in terms of work environment, training, and technology. Training further implies knowledge and skills of the employees. These are the variables of organizational restructuring. Unless or until the employees of an organization are not trained properly and empowered, the organization cannot meet its goals. An Organization belonging to which ever industry has to put effort to sustain its growth in the industry. The performance of organization is based on its productivity. The focus area of my research is the banking sector. There are no comparisons in my study as such with other organizations because I have studied a single organization only and its impact of restructuring on that particular organization performance. To be more specific, Bank Alfalah Ltd. has been selected to give a more clear view of the scenario.
Organizations these days are paying more attention to employee empowerment because only employee empowerment can lead them in the industry with higher rate of productivity within and outside the organization. Huge amount of money is spent on the training of employees in every sector and if we talk about the banking sector in particular than the training for them is must because of the changing environment and technology. Seminars and workshops are held at national and international levels. These are all change initiatives which are going around for improving the performance of the organization, hence organizational performance is achieved.
Change, over here, is defined in terms of the three variables. Work environment and technology also play very important role in the determining the performance of the organization. Banking sector is facing the phenomenon of continuously changing technology. New developments, discoveries and inventions are always happening. For that, this sector needs to be more efficient in terms of...