ANZ Bank: Building a Strategy for Asia

Gary J. Stockport, Michelle Godley, Dion Guagliado, Olivia Leung, Ben Mercer, Gajendra Varma and Shaun Wong
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Gary J. Stockport: Gary J. Stockport is Winthrop Professor in Management (Strategic Management) at The University of Western Australia Business School. He is also Visiting Professor at Danube Business School in Vienna, Austria. His research interests include strategic decision making and strategic transformation. Professor Stockport has consulted and taught for many organizations all over the world including the Aboriginal Policy Services Directorate, Main Roads and BHP Billiton. He can be contacted at gary.stockport@uwa.edu.au
Shaun Wong: Michelle Godley, Dion Guagliado, Olivia Leung, Ben Mercer, Gajendra Varma and Shaun Wong are MBA students at The University of Western Australia. At the time of submission of this article, they had completed their MBA programmes and presently working in a variety of sectors.

South Asian Journal of Business and Management Cases, 2012, vol. 1, issue 1, 31-41

Abstract: This case considers the Super Regional Strategy adopted by the Australian and New Zealand Banking Group (ANZ) under the leadership of CEO Mike Smith from October 2007 to early 2011. The Super Regional Strategy had the goal of deriving 20 per cent of ANZ’s profit from the Asian region by 2012 and between 25 and 30 per cent of profit by 2017. This strategy was a significant departure from the relative safety of the Australian banking sector and necessitated significant organizational changes. Not without risk or critics, ANZ is still in the formative stages of its strategy which will be a decade or more in the making. This article documents some of the changes to date.

Keywords: Asia regional strategy; strategic change; leadership; organizational change; ANZ Bank (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:sae:sajbmc:v:1:y:2012:i:1:p:31-41

DOI: 10.1177/227797791200100104

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