Company analysis - Bancolombia Essay Example | Topics and Well Written Essays - 4000 words

Company analysis - Bancolombia - Essay Example The different culture and characteristics of the three banks participated in the merger were not easy to be managed. The recent retirement of the firm’s CEO would set the future of Bancolombia in risk, if the new CEO would not be able to understand the firm’s culture but also the employees’ needs. Table of contents Executive Summary 2 Problem Statement 4 Supporting Evidence 4 Key decision criteria 7 Recommendations 8 References 11 Appendices 12 Problem Statement The development of the problem statement in regard to this study requires the reference to a series of events that led to the formation of Bancolombia, as in its current form. Bancolombia is an organization resulted from two mergers. In its initial form, Bancolombia resulted by the merge between the Banco Industrial Colombiano (BIC) and the Banco de Colombia. The above merger took place in 1998 and led to the establishment of Colombia’s most powerful firm in the banking industry (case study, p.3). Bancolombia, the firm resulted by the above merger, reached a market share of 11.5% (case study, p.3). ... The identification of effective HR management practices was of critical importance in Bancolombia, as a business entity established in 1998. In the context of the second merger, a similar issue has appeared. The second merger took place between three firms of the Colombian banking industry: Bancolombia, Conavi and Corfinsura. These firms used different approaches in regard to the management of their HR: a) in Bancolombia, emphasis was given on cooperation for ensuring that organizational targets in regard to profitability are met; the ‘Added Value System, (ADV), a customer profiting strategy’ (case study p.4) was used in Bancolombia to achieve this target. In addition, managers in Bancolombia have promoted a scheme called ‘Cultural Transformation Workshops’ (case study p.3) for ensuring that employees in Bancolombia are fully aware of the culture of the firm; b) in Conavi, employees’ needs were highly valued; in fact, ‘high job stability and con tinuous interaction between employees and managers’ (case study p.5) have been the key characteristics of the firm’s HR strategy; c) in Corfinsura employees had to deal mostly with ‘large corporate clients’ (case study p.5); therefore, most of the firm’s employees were experts in investment banking services (case study p.5); Bancolombia, in its final form, had to deal not only with investment banking services but also to retail services. This problem has been highlighted by managers in Bancolombia, after the firm’s merger with Corfinsura. According to the above, this study’s research problem could be described as follows: would Bancolombia be able to secure high employee performance taking into consideration the important differences in the HR strategies of the three firms participated in the

How to support a Gifted and Talented child in the classroom in Essay

How to support a Gifted and Talented child in the classroom in Mathematics - Essay Example The common notion is that gifted children, having abilities superior than the rest, need less assistance in terms of education. However, what is often overlooked is the fact that these children are not necessarily, â€Å"academically gifted†, so to speak. Intelligence is not restricted to academics. As such, a gifted child may be exceptionally adept to reading but poor in arithmetic. In other words, giftedness does not encompass all fields, contrary to common belief. In fact, psychologist Howard Gardner has proposed Multiple Intelligence theory, postulating that there are actually eight intelligence domains – among them are music, linguistic and logic and mathematics (Visser, Ashton & Vernon 2006, p.487). Of these mentioned domains, an important subject of interest is Mathematics, which, as pointed by several researchers such as Mji & Makgato (2006, p.253), most students are poor at. Nevertheless, given that the aspect of giftedness in terms of intelligence is multi-fac eted, it is necessary to establish at this point how the concept of giftedness would be used in this paper. The subject of argument is the gifted children who, regardless of their astuteness in other aspects of intelligence, exemplify high prowess in Mathematics. Moving on, it was mentioned that a lot of students perform below average in Mathematics; thus, in response to this, various steps are taken to improve teaching skills of instructors in educating students in this subject. But then again, given the common misconception on giftedness, gifted children are often overlooked in the classroom, with their special needs neglected. Diversity of Experience & Learning In the book written by Kennedy, Johnson & Tipps (2008, p. 40), it was argued that the point in dealing with gifted children is not to make them reach an achievement level that is established for all average students. Instead, support should be geared towards meeting the needs specific to these children. This is to say that children have varying experiences which may affect learning and performance (Bowman 1994). Overestimating the abilities of gifted children which may lead to unintentional neglect of their needs may hinder them from achieving their full potential. The present curriculum in most educational system is designed for average students. In this scenario, the average students are benefiting more in the curriculum because they are learning things while the gifted students are just left listening to concepts that they have already mastered. The average students are compelled to study and practice in order to hone their skills. In contrast, the gifted students do not need to struggle to learn. In most cases, this experience has taught them that everything comes out way too easy; hence, they may not be as receptive to new ideas as average students do. Since gifted students can easily understand and acquire skills due to the average pace of teaching, they usually suffer from boredom and frustrat ion (Collins 2001, p.xiv). Further, since they are not challenged, most of them gradually lack motivation resulting to underachievement (Diezman, Faragher, Lowrie & Bicknell 2004, p. 8). As a matter of fact, there are gifted students who do not perform well simply because they lack interest or are occupied with perfectionism (CCEA 2006, p.6). In the long run, this lack of motivation may result to being left behind, achieving things below their levels. Therefore, it is important to