If an organization is planning some significant changes to the employees’ knowledge management as well as strategies, then they are going to require a detailed plan that considers the demands and requirements of the major stakeholders in the organization. Moreover, with a strategic plan in change management, the organization will possess the right vision for the final change process, the milestones required to arrive at the objective alongside the motivation needed in the long run. Doubtlessly, change management, if approached with caution, will motivate employees to help achieve the organization’s objectives. As illustrated by Luiz Carlos Trabuco of Banco Bradesco, the fundamentals of change management lie in the leader’s ability to maintain a favorable working environment during the transition process.
Bradesco’s Change Management Process
Banco Bradesco is a leading financial services firm situated in Brazil. Since 1943, the bank has been leveraging its services in loans and advances, deposit-taking, payment collection, and pension plans among others. Over the years, the firm has adopted an impressive leadership structure that upholds the need to satisfy client’s demands irrespective of the market situation. Moreover, there have been changes from time to time, with the need to allocate resources in their rightful dockets.
The Beginning of Change Management
Recently, Banco Bradesco experienced some changes when Brandao de Mello, a prominent, elderly chief executive officer decided to step down voluntarily. Like any other resignation process, he stated his reasons for quitting as the need to pave the leadership path for a vibrant individual who is capable of injecting new blood into the company according to valor.com.br. Surprisingly, he had several conditions appended to his resignation. Even so, the most outstanding condition was Banco’s ability to maintain internal recruitment. Moreover, he appointed his successor and handed him the leadership title.
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The Process of Change Management
Luiz Carlos Trabuco Cappi was trusted to handle Brandao’s duties until a new leader was appointed. While serving in the capacity of the chief executive officer, he addressed the concerns of his employees; a move that allowed the organization to be overly efficient.
After three months, it was time to elect a new president. Therefore, the board of directors held a meeting to discuss the way forward. In the first meeting, there was a proposal of all viable candidates. Furthermore, additional meetings were held to make the final decision on who would inherit the throne.
Octavio de Lazari is appointed
The board of directors arrived at the decision to elect Octavio de Lazari based on his academic credentials. On the other hand, Luiz Carlos Trabuco Cappi maintained his former position as the chairman of Banco Bradesco.
What Next for Carlos
Luiz Carlos Trabuco joined Banco Bradesco as a teenager being clerk. Being visionary, he invested time and learning resources in understanding the management structure of the organization. Within a short period, he had mastered the art of developing a management plan to guide employees on their day-to-day responsibilities at work. Moreover, he impressed his role models with the most prominent one being Brandao de Mello. Consequently, he earned positive appraisals and elevations to serve in senior jurisdictions. Until now, Luiz Carlos Trabuco Cappi has managed to uphold the values of the firm while developing a set of practices best placed to maintain growth as well as innovation.
The Pension Plan
Speaking of practices, CEO Luiz Carlos Trabuco Cappi has instigated to maintain growth; pension plan reforms come in strategically as recently, he has been rooting for the implementation of these reforms before the general elections.
From the transition process at Banco Bradesco, it is evident that an astute leader is a necessary aspect of change management. Moreover, with the right structure of leadership, an organization can succeed in its transition.