MEMORANDUM Date: November 16, 2004 To: Professor Truex From: Ben Crist Subject: Case analytic thinking: first-class honours degree faithfulness Bancorpo ration Introduction In the ever changing banking industry, prototypical faithfulness Bancorp had grown to be one of the largest holding companies of eight monetary institutions and over d branches. Their addition has been through the acquisitions of other little institutions and internal growth generated by strong relationships with customers. This growth has love at a embody and get-go fidelity has been left-hand(a) with a complicated alloy of systems, operations, and organizational culture. First fidelity takeed the eight pecuniary institutions to plump totally independent of from each one other and the embodied office solely managed the integration of the financial reporting responsibilities. The non-integration of systems and operations has also left First Fidelity with higher cost and the n eed to make changes which will allow them to be emulous in the future. By the early 1990s First Fidelity had begun to integrate some of the operational functions, still had yet to yoke them further. Due to changes in banking regulation, the US government activity had begun scissure down on new rules on financial reporting, summation quality, and capital requirements for the banks.
The government wanted better controls from focal ratio management and the only way First Fidelity could have this was to integrate systems, management, and combine all eight financial institutions into a more consolidated with less au tonomous feel. Management do this their h! ighest priority and put a strict deadline of 18 months on this task. This deadline put two major decisions directly ahead of First Fidelity, organizational structure and method of achieving the teeming integration. In determine to evaluate the full impact of their decision on organizational structure changes, First Fidelity looked at the following criteria: cost Effectiveness Responsiveness to Business Needs...If you want to get a full essay, order it on our website: OrderCustomPaper.com
If you want to get a full essay, visit our page: write my paper
No comments:
Post a Comment