Bank One

Giovanni Bombrini Tuesday 13 November 2007 Professor Pulino Outline JOHN CABOT UNIVERSITY BA 405 STRATEGIC MANAGEMENT [pic] 1. What organisational contradictions is pot B. McCoy managing in order to get the best of both(prenominal) worlds? 2. What is your estimation of McCoy as a strategist, organisational builder and performer? 3. What kind of sour environment has McCoy created, what is his role in it, and how does it impact on the president of an acquired bank? 4. Would you work for McCoy? Why or why not? 1. What organisational contradictions is John B. McCoy managing in order to get the best of both worlds? John B. McCoy is the last of the McCoy Dynasty. After taking over as president and CEO in 1987 he was able to wee-wee Banc mavins assets from 37th to 8th place among US banks. At the same time the staff grew by more then 25,000, sequence the stock price increased 500%. In 1993 he was selected as banker of the year. John B. McCoy was a charismatic draw which put great emphasis on the management of people. However, during his leaders John B. had to manage various organizational contradictions. Acquisition of saucy banks is the cornerstone of Banc Ones success.

One of the things we do better than anybody else is to acquire a bank and then significantly improve its earnings in a relatively short period of time.[1] Banc One acquired average banks rather then big and troubled institutions. These banks by and by the acquisition from Banc One exponentially increased their assets. By getting smaller banks, Banc One was able to keep costs and venture low and the organizational management simple. Banc Ones used the term of consort, rather then acquired and this was very important from the organizational come in of view, since both the managers and employees of the affiliated banks felt part of a big organization. Once Banc One acquired an average bank its employees were left in place and then reeducated. This reeducation was... If you want to get a beat essay, order it on our website: Ordercustompaper.com

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