Without a doubt, organizational change is a critical concept that every organization must consider incorporating into its growth. While at it, every company must know that there are different theories linked to organizational change. Therefore, it is critical to go for a theory that works for your company. Moreover, since these theories have an impact on every organization, it is critical to weigh the impacts of the chosen theory against the unit in which the change is going to be inducted. As you look into organizational changes, perhaps Banco Bradesco and its recent transitions poses as a good example. Here is a narration about the series of events that occurred in the banking institution since October 2017.
The Wake of Brandao de Mello’s Resignation
Brandao de Mello has often been known as the wingman of Banco Bradesco. As such, it was not expected of him to instantly resign without alerting his employees and colleagues. However, that is exactly what he went for. Addressing the employees on the same day, he stated that it was time for him to step aside as he had served for more than fifty years. Therefore, while stepping down, he also found it necessary to appoint Luiz Carlos Trabuco to lead as chairman while the board of directors selected a new leader to step in permanently. From that moment, CEO Luiz Carlos assumed Brandao’s leadership roles while working closely with his colleagues as well.
The Appointment of a New President
A few months elapsed and the board of directors agreed to select a permanent replacement for the institution. Therefore, a leader was appointed and Octavio de Lazaro is his name. Perhaps he was elected because of his vast experience at Banco Bradesco. For instance, while he was young, Octavio de Lazari aspired to become a footballer. However, his father pushed him into the banking industry. Therefore, when it was time to focus on the development of his career, he joined Banco Bradesco and started working as a junior employee where he ran most of the office errands. Simultaneously, he worked with his seniors to elect various leaders who could help him with making the best decisions for his colleagues.
The Leaders, their Input
Because Octavio de Lazari registered remarkable improvement in his performance, the board of directors elevated him instantly. For that reason, he became the vice president. Now that he had worked with Brandao de Mello at some point in his life, it was only right for him to emulate his leader to some extent. Therefore, now that he has been chosen to lead Banco Bradesco, it is expected of him to prove that he is worthy of the cause.
Luiz Carlos Trabuco
On the other hand, Luiz Carlos Trabuco has always worked at Banco Bradesco not only as an executive leader but a dedicated role model for his junior colleagues. Therefore, as he paves the way for Octavio de Lazari, he shall still be expected to guide his juniors by implementing policies that work well for the bank. Besides, he has been working with the bank as clerk from when he was a teenager. He graduated from University of Sao Paolo. It goes to show that he is a qualified employee. Moreover, Luiz Carlos Trabuco upholds the leadership structure of the bank that Brandao de Mello instilled in his people.
Search more about Luiz Carlos Trabuco: http://economia.estadao.com.br/noticias/geral,bradesco-anuncia-substituto-de-luiz-trabuco-na-presidencia-do-banco,70002178384