Get help now
  • Pages 2
  • Words 414
  • Views 260
  • Download

    Cite

    Rosalyn
    Verified writer
    Rating
    • rating star
    • rating star
    • rating star
    • rating star
    • rating star
    • 4.7/5
    Delivery result 4 hours
    Customers reviews 547
    Hire Writer
    +123 relevant experts are online

    Ross Abernathy and the Frontier National Bank Essay

    Academic anxiety?

    Get original paper in 3 hours and nail the task

    Get help now

    124 experts online

    ROSS ABERNATHY AND THE FRONTIER NATIONAL BANK A CASE STUDY SITUATION ANALYSIS Time – Line |Events in Frontier National Bank |Events of Ross | |1939 – 1955 |Downward trend started, profit & market standing declined | | |1955-1970 |Continued with monopolistic business and nation’s best known banks |Joined Chicago Bank | |1970-1977 |3rd place in assets & 6th place in profit |-1973 Ross offered Vice Chairman in Chicago bank | | | |-1974 joined Group of insurance companies as CEO | |1977- |-Retirement of CEO (founder) & Son in Law will replace him, was |Ross joins as CEO of Frontier National Bank | | |depressing news | | | |-CoC recommended for merger with younger competitor | | | |-Board started searching of new CEO | | | | | | ROSS PROFILE Highly aspirant with leadership qualities, dedicated & devoted with high ambitions. Competent having better acquaintance in statistics & economics PROBLEM Because of conservative attitude, though employees were technically competent they lack vision for performance making bank to loose market share. OPTIONS FIRST – INSIDE TEAM Identifying efficient team from available internal human resource.

    Positive Aspects |Negative Aspects | |Immediate human resource availability |Motivating team is time consuming & outcome delayed | |No prior training required |Will lack competitive edge | |Less Operational Expenses (Salaries) |Operational efficiency will be low due to age factor | |Acceptance amongst bank employee’s |Excess man power | | |Creativity & innovations will be limited | | |No new business model | SECOND – MY TEAM Identifying known persons from previous organizations. Positive Aspects |Negative Aspects | |Trustworthy and efficient people |Existing employees not given any opportunity to prove | |Outcome will be better in short time |Moderate Operational Expenses (Salaries) | |Motivation is high |Top management acceptance amongst bank employee’s will be low | |New business models |Time to understand existing organizational culture | |Fairly competitive edge | | |Excellent team coordination | | THIRD– OUTSIDE STRANGERS Identifying persons with proven performance from various organizations. Positive Aspects |Negative Aspects | |Persons with proven track record in banking |Existing employees not given any opportunity to prove | |Outcome will be immediate |High Operational Expenses (Salaries) | |Self motivating |Top management acceptance amongst bank employee’s will be low | |New business models |Time to understand existing organizational culture | |Excellent competitive edge |Coordination amongst new members will take time | | | | CRITERIA FOR EVALUATION 5– Too Positive 4 – Moderate Positive 3 – Neutral 2 – Negative 1 –Too Negative |Criteria for Evaluation |Option – 1 |Option – 2 |Option – 3 | |Operational Efficiency |1 5 |4 | |Professionalism |1 |4 |5 | |Time to be Profitable |2 |4 |5 | |Competitive Edge |2 |4 |5 | |Adaptability to Change |1 |5 |4 | |Coordination amongst new members |3 |5 |1 | |Opex |3 |2 |1 | |Employee Salaries |5 |2 |1 | |Acceptance among staff |5 |4 |2 | |Encouraging Environment |3 |4 |5 | |Innovations |3 |4 |5 | |Employee Growth prospectus |5 |4 |3 | |Achieving personal Goals |3 |5 |4 | |New organizational cultures |3 |4 |5 | |Total |40 |56 |50 | RECOMMENDATION OPTION – 2 is recommended Team 4 NEHAL ROY 102127 SOMA SHEKER102144 MEHUL RAVAL KHUSHBU UPADHYAY SACHIN PATEL ARPIT

    This essay was written by a fellow student. You may use it as a guide or sample for writing your own paper, but remember to cite it correctly. Don’t submit it as your own as it will be considered plagiarism.

    Need custom essay sample written special for your assignment?

    Choose skilled expert on your subject and get original paper with free plagiarism report

    Order custom paper Without paying upfront

    Ross Abernathy and the Frontier National Bank Essay. (2018, Oct 22). Retrieved from https://artscolumbia.org/ross-abernathy-and-the-frontier-national-bank-48891-60613/

    We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

    Hi, my name is Amy 👋

    In case you can't find a relevant example, our professional writers are ready to help you write a unique paper. Just talk to our smart assistant Amy and she'll connect you with the best match.

    Get help with your paper