The paper "Understanding Organizations: Westpac Bank Australia" is a wonderful example of a case study on management. Westpac Bank, Australia is a multinational financial service, one of the ‘ big four’ banks in Australia and the second biggest bank within New Zealand. As of November 2011, the bank had about 12.2 million clients, whereby it had nearly 1200 branches and a network with more than 2800 ATMs. Westpac bank is the second biggest business banking lender as well as Australia’ s second-biggest bank in terms of assets. The bank was acknowledged by the Dow Jones Sustainability Index as the most sustainable bank worldwide for five years constantly.
This report makes an analysis upon how Westpac bank is depicted with three key perspectives of organizational theory; modern, symbolic in addition to postmodern. In so doing, the paper draws upon metaphors from sociological theory to make sense of time-allied issues within the evolution of Westpac analysis. Accordingly, this report analyzes the commodification of time recognized in labor process analysis; the social construction of time illustrated within workplace ethnographies, and the compression of time (and space) proposed in writing on post-Fordism in the bank.
In the modernist perspective, Westpac bank is perceived as a social tool as well as an expansion of human judiciousness. In the postmodern perspective, the bank is analyzed as less expression of planned consideration and calculative action and also a more protective reaction to forces fundamental to the social body which persistently threaten the stability of structured life. In general, the report promotes an impulsive pluri-paradigm appreciation of time within organization theory and research, particularly in Westpac bank, Australia (Narube & Whiteside 2010). Modernist analysisModernism was a new architectural approach that appeared within the decades following the First World War.
Modernism was prompted by the enlightenment as well as a social and political revolution; it was compelled by the ease of access to new building technicalities like iron, concrete, and glass, in addition to the development within technologies and engineering.
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