MGN409: Management Audit Using the SWOT Framework Assignment Help
Question
MGN409: This assignment constitutes a part of the Master of Business Management course at Queensland University Australia. In assessment 2 of this course, an organization was chosen for analysis and the PESTEL framework was utilized to uncover the environmental factors which impact the organization. Building on those previous results, Assessment 3 requires the student to use the SWOT analytical framework to determine the organization’s strengths, weaknesses, opportunities, and threats.
Solution
When it comes to Master of Business Management assignment help by experts in Brisbane, Australia, students rely on OAS to deliver high-quality solutions at affordable student-friendly prices. This solution presents a SWOT analysis for the Commonwealth Bank (CB) of Australia. We have provided some snippets of the complete solution written by our experts to provide you an idea of how our experts deliver high-quality Management assignment help in Brisbane.
Introduction
The first section of the solution gives an overview of the organization’s goals and governance while providing any necessary analysis and criticism that makes a meaningful connection to the pertinent management theories.
Founded in 1911, the Commonwealth Bank (CB) is one of the top suppliers of consolidated banking services in Australia. The company provides goods and services for institutional, retail, premium, and commercial banking as well as superannuation, insurance, and share trading (CBA, 2023). The mission of the Commonwealth Bank is to deliver steady and legitimate outcomes for its consumers, community, individuals, and stakeholders (CBA, 2023). The Triple Bottom Line theory states that organizations should consider three P’s – People, Planet, and Prosperity in their activities (UW, 2022).
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Organizational Context
In providing QUT management assignment help for this section, our experts have discussed the organization’s management approach. This has been done by examining its culture, ethical policy, and methods for leading, organizing, planning, and controlling in particular.
The management strategy of the Commonwealth Bank is providing strategic emphasis on its commercial and retail banking operations to provide consumers with a simpler and better bank (John 2018). The approach of the Commonwealth Bank to ethics is based on three aspects. First is caring for its clients and employees and serving them with humility and openness. Second is setting an example by taking bold actions against misconduct or violation of organizational rules. Third is acting honorably and cooperating with one another to complete tasks (Commonwealth Bank, 2023). Furthermore, its cultural approach is fostering an inclusive culture that respects the diversity of its workforce, clients, and communities and sets a positive model for conflict resolution (CBA, 2023).
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SWOT Analysis
This section constitutes the most significant part of the assignment where our experts have conducted a SWOT analysis that examines the organization’s opportunities, threats, vulnerabilities, and strengths in order to assess and characterize its strategic position. This analysis draws from the PESTEL analysis from Assessment 2 as well as the analysis done above. Our experts have ensured that these ideas are based on credible sources of information. This is how we offer top-quality MGN409 Management Assignment Help to our students.
Strengths
There are several strengths of the Commonwealth Bank of Australia. Firstly, the Long-term Issuer Default Rating (IDR) of the CB has been accorded an ‘A+’ rating. IDR provides viewpoints that access how well a company will be able to pay its financial obligations (FitchRatings, 2023). A higher IDR rating means better creditworthiness and overall financial health for the organization. Furthermore, it will expand the reach of the CB into new markets, increase openness, and helps in determining capital cost in advance and coming up with alternate strategies (S&P Global, 2023).
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Weaknesses
There are several weaknesses of the CB. Firstly, The CB has been involved in various scandals like money laundering, terror financing, and law breaches. The CB has paid $700 million plus a legal fine for breaching laws. It was the largest corporate penalty in Australian history for breaking laws intended to prevent money laundering and the financing of terrorism, which made it possible for millions of dollars to be transferred to drug importers. Australian Transaction Reports and Analysis Centre (AUSTRAC) accused CBA of grave and regular failures to disclose dubious transactions, transfers, and accounts (Doran & Janda, 2018).
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Opportunities
There are several opportunities for the CB. Firstly, since the majority of its operations are centered in Australia and New Zealand (FitchRatings, 2018), the organization has an opportunity to expand its customer base in other parts of the world. Secondly, The CB has launched the Indigenous Customer Assistance Line (ICAL), and also aims to develop and recognize Indigenous employees while increasing the employment of Indigenous Australians. The CB can use this opportunity to enhance and foster partnerships with Indigenous stakeholders and communities (CBA, 2023).
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Threats
There are several threats to the CB. Firstly, the Australian government has proposed reforms in the Australian privacy framework. The reform puts a greater duty on the organizations that are engaged in gathering and using personal data to verify that they follow fair and reasonable business procedures. The proposal has dramatically raised the penalties for severe data breaches (Bracy, 2023). The CB has been facing the obstacle of maintaining the privacy and data security of its customers. Previously, the CB has acknowledged missing the financial information of around 20 million clients (BBC, 2018).
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Discussion and Conclusion
A brief overview of the SWOT analysis and organizational backdrop have been provided before outlining some potential future steps the company may take to guarantee ongoing development. A brief list have been provided based on evidence from peer-reviewed articles, which is how we offer the best MGN409 Management Theory and Practice assignment help in Australia.
The purpose of the assignment was to analyze the Commonwealth Bank utilizing the SWOT analytical framework. The management of the CB should take into account the following suggestions based on the SWOT analysis:
- First, CB should reduce its limited geographic presence and expand its international presence by forming deep links to local knowledge and culture through a system of operations centered on local people. Additional focus should be given to maintaining strong connections with governments, building the capacity to obtain information, and having expertise based on a sustained commitment to international trade (IMAA, 2014).
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