Bank of America built its success by leveraging different elements of bank deregulation to grow the company into a national bank in the U.S., one of the country's largest. The driving force behind this success was visionary leadership at the top of the company and the ability to integrate a high growth platform with multiple acquisitions at the more functional managerial levels of the company. Thus, the company's leadership development program has been instrumental to its run of success.
There are seven components to Bank of America's leadership development program. The company believes that leaders matter, especially with respect to creating systems of accountability. The company believes in creating strong links between performance and reward, and it therefore sees talent as a critical enterprise resource. Flowing from the performance orientation, the company recognizes that today's leaders are not necessarily the ones that will lead tomorrow. The company believes that experience is the best teacher. To that end, Bank of America also has a philosophy of teaching its future leaders, through mentorship programs. The company also believes in "invest in the best and focus the rest," a talent management philosophy that emphasizes the top performers for top roles, and gearing the other leaders towards more functional tasks (Knighton & Krupp, 2008).
Fishel and Conger (2010) outlines how the company emphasizes its learning and mentorship programs...
Pictures on the news of American flags being burned seem to appear more often than they used to. Perhaps my generation just isn't used to having our nation criticized to the extent that it has been since our response to September 11; we all know there have been anti-American protests in the past, that flags have been burned and protests against certain American military endeavors waged. Anti-Americanism has many definitions
(Warnings to be ignored) The market for interest-rate change is another privileged playground. Banks just pay a low, short-term floating rate and get a high, fixed one. Most of the top 20 American banks receive at least 10% of their profits from this increase, and for J.P. Morgan Chase, it was an astounding 33% last year. (Warnings to be ignored) as well as civilizing their interpretation of the economic tealeaves,
TALENT Management AT BofA BofA Talent Management Bank of America's talent management program led to success for the company Bank of America's executive performance and retention strategy breaks down into the objectives set out in Figure 2.1 (Fisher and Congel, 2009, p. 22), 'attract, retain and develop great leaders.' This process occurs in distinct phases over the first 36 months of executive promotion but begins even before the new hire, if 'attracting great
Steps were also taken to organize a stock market in Lahore (Burki, 1999, pp.127-128). Also organized during this period were the Pakistan Industrial and Credit Investment Corporation (PICIC) and the Industrial Development Bank of Pakistan (IDBP), both of which were important to industrial development, obtaining "large amounts of capital from the World Bank, the former for investment in large industries, the latter in relatively smaller enterprises" (Burki, 1999, p. 128). This
As a result of the draft, the unemployment rates which had been at record low levels, was able to right itself. Once again, the U.S.'s industry-based economy was able to flourish with new needs to produce and manufacture goods and products to be used globally. The secular tendencies in economic policy responsible for this revival would be continued for several years to come. Predictably, the end of fascism which concluded
The authors go on to say that America has also forced their extreme versions of free capitalism and true democracy on the rest of the world, including into many places where those concepts really do not work. The American corporations that move into those areas control what food is eaten as well as grown there, and the conglomerates in the media bury most of the native culture of these other
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now