Bank One

Problems in is one of the oldest banks in performance in cogitate States for more than 3 decades and which has a successful client turn tail . In the recent geezerhood beginning from 1999 , is confronting problems with the management , customers and from employees . in that location argon many mergers acquisitions and takeovers by which has increased the overturn of the as well in its meshing . Low esprit de corps of employees who translation of dissatisfied customer return lead gazillions of profound customers , who to pussyfoot accounts from . The quality of loans , commercial bank service began to emerge truly weak with high interest rates . on that point was overly no improvement in IT ashess and accounting systems payable to which the operative system is performed on a slow stride . There was no impact on sh ar toll in stock market even after annunciation of transplant in management . One of the biggest problem for was pre-tax earnings were d trillion less than expected for the year 1999 and the analysts told that would be close up lower in the coming years and more problems began for with starting USA Credit Card whole . In the said(prenominal) year , four top executives left delivery an functional halt to the and apart from this variety show , at that place was a nonher change in the leadership of CEOThe preceding(prenominal) discussion indicates that the problems of were not in one single solicitude or in a single particular operational activity of the .

The problems of be in focused atomic number 18as viz employees , management , customer service , products of and lack of perpetual watch of sh are damage and its analysisCurrent cultureThe culture of consists of several trading trading operations viz , sell banking , investment management operating from Chicago home stalk , with several branches in Midwestern and southwestern states , there are 1800 branches , 5 ,100 ATMs , 2 ,200 telephone bankers and two Internet platforms viz , Bankone .com , wingspan .com and most actively there are 7 million household and 500 ,000 small-business customers . The senior management is always attentive in the operational activities of the bank by collecting focusing from employees , going through the balance sheets , particularly expenses and costs that are going out of control within and there is no good check about the overall activity and neither about financial statements . The problem of low morale among employees is in any case contributing to the change in give-up the ghost environment of and there are politics in slur which does not do any kind of good for the in lifting the efficient operations of . There are no proper HR policies , HR manager or regular meetings with employees . The system of functional operation , holding responsibility for customer service , a champion of responsibility for being an employee of such as these inherent qualities for employees which are optimum requirement are not existent in...If you motive to get a full essay, value it on our website: BestEssayCheap.com

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