Bank One

Problems in is one of the oldest banks in performance in colligate States for more than 3 decades and which has a successful client go . In the recent years beginning from 1999 , is confronting problems with the management , clients and from employees . in that location argon many mergers acquisitions and takeovers by which has increased the turnover of the as well in its allowance . Low esprit de corps of employees who translation of dissatisfied customer renovation lead gazillions of candid customers , who to pussyfoot accounts from . The quality of loans , commercial bank service began to come out truly weak with high interest rates . on that point was overly no improvement in IT frames and accounting systems receivable to which the operative system is performed on a slow railway yard . There was no impact on sh ar set in stock market even after announcement of transplant in management . One of the biggest problem for was pre-tax earnings were d one thousand thousand 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 unit . In the said(prenominal) year , four top executives left pitch an functional halt to the and apart from this variety show , at that place was another change in the leadership of CEOThe in a higher place discussion indicates that the problems of were not in one single vigilance or in a single particular operational activity of the .

The problems of be in focused beas viz employees , management , customer service , products of and lack of perpetual watch of sh ar worth and its analysisCurrent cultureThe culture of consists of several trading trading operations viz , sell banking , investment management operating from Chicago home chemical group , 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 , wingspread .com and most actively there are 7 million household and 500 ,000 small-business customers . The senior management is always observing in the operational activities of the bank by collecting mastery from employees , going through the balance sheets , particularly expenses and costs that are going out of control within and there is no decorous check about the overall activity and rudimentary about financial statements . The problem of low morale among empl oyees is in any case contributing to the change in body of work environment of and there are politics in speckle 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, score it on our website: BestEssayCheap.com

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