IDEAS home Printed from https://ideas.repec.org/a/sae/sajbmc/v4y2015i2p182-191.html
   My bibliography  Save this article

Accelerating Corporate Transformation in Emerging Markets: The Case of FirstBank

Author

Listed:
  • Ifedapo Adeleye

Abstract

The aim of this article is to investigate how an established firm in a dynamic market was able to successfully execute a corporate renewal programme in a hypercompetitive business environment. The study seeks to understand how market incumbents can transform themselves and outcompete younger, seemingly more entrepreneurial players. A longitudinal case study approach was used, following the extensive data collection in several periods between 2005 and 2013. Within this period, over 10 company visits were done to gain a first-hand knowledge of the transformation programme and to interview several senior executives and other stakeholders across the firm. In addition, relevant information from archival data and reports was collected during this period. Accelerated transformation requires taking calculated risks, redesigning the organization to align with the market, and making substantial investments in people. The study is limited to the transformation strategies adopted by a single company, FirstBank. While some of the lessons from this study can be applied to banks and other firms in transitional markets, certain factors idiosyncratic to the firm may make the universal adoption of their approach impossible. Many transformation initiatives tend to focus narrowly on technical, information technology (IT) issues, and leave out the so-called ‘soft issues’. From this case, transformation best works when process and structural transformation is complemented by radical changes in organization design and talent management systems.

Suggested Citation

  • Ifedapo Adeleye, 2015. "Accelerating Corporate Transformation in Emerging Markets: The Case of FirstBank," South Asian Journal of Business and Management Cases, , vol. 4(2), pages 182-191, December.
    • Handle: RePEc:sae:sajbmc:v:4:y:2015:i:2:p:182-191
    DOI: 10.1177/2277977915596247
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/2277977915596247
    Download Restriction: no
    File URL: https://libkey.io/10.1177/2277977915596247?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ifedapo Adeleye, 2013. "First Bank of Nigeria: Restructuring for High Performance," South Asian Journal of Business and Management Cases, , vol. 2(1), pages 51-60, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Unnar Theodorsson & Thorhallur Gudlaugsson & Svala Gudmundsdottir, 2022. "Talent Management in the Banking Sector: A Systematic Literature Review," Administrative Sciences, MDPI, vol. 12(2), pages 1-30, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:sajbmc:v:4:y:2015:i:2:p:182-191. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.