Ross Abernathy and the Frontier National Bank
EXECUTIVE SUMMARY
Frontier National Bank is passing through times of declining profitability and low liquidity. The current morale of the employees is down which in turn is affecting the bank’s performance. To get out of the current situation and expand in other regions a core team has to be formulated to increase the performance.
Three options are available to the FNB
1) Formulate a team out of current employees.
2) Recruit a core team from Chicago Bank.
3) Recruit a core team of professionals with proven capabilities.
All the above options are analysed on the basis of following options
a) Ambition.
b) Employees Morale.
c) Risk.
d) Group Dynamics.
After evaluation the options the third option of recruiting a team of professionals with proven capabilities seems to the best one.
Word Count: 128 TABLE OF CONTENTS
SR.NO CONTENT
PAGE NO
1 SITUATION ANALYSIS 5
2 PROBLEM STATEMENT 6
3 CRITERIA FOR EVALUATION 6
4 OPTIONS 7
5 EVALUATION OF OPTION 7
6 RECOMMENDATION 10
7 ACTION PLAN 10
8 CONTINGENCY PLAN 11
Situation Analysis
The current atmosphere at Frontier National Bank (FNB) shows a lack Vision, Direction and Motivation which results in making the employees dispirited and demoralized .Over a period of time the working environment within the organization has become excessively conventional and unimaginative resulting in regular falls in market share and profitability.
If the current environment prevails then organization will lose its credibility and reputation which it gained over a period of time with sheer hard work and dedication. Moreover, FNB steadily lost its position and now is third in terms assets and sixth in terms of profitability. Conservativeness, continued business with traditional customers and large workforce substantially helped for this situation to arise.
To come out of this situation company needs a plan through which FNB can regain its lost glory and can make the organization among the best
Frontier National Bank is passing through times of declining profitability and low liquidity. The current morale of the employees is down which in turn is affecting the bank’s performance. To get out of the current situation and expand in other regions a core team has to be formulated to increase the performance.
Three options are available to the FNB
1) Formulate a team out of current employees.
2) Recruit a core team from Chicago Bank.
3) Recruit a core team of professionals with proven capabilities.
All the above options are analysed on the basis of following options
a) Ambition.
b) Employees Morale.
c) Risk.
d) Group Dynamics.
After evaluation the options the third option of recruiting a team of professionals with proven capabilities seems to the best one.
Word Count: 128 TABLE OF CONTENTS
SR.NO CONTENT
PAGE NO
1 SITUATION ANALYSIS 5
2 PROBLEM STATEMENT 6
3 CRITERIA FOR EVALUATION 6
4 OPTIONS 7
5 EVALUATION OF OPTION 7
6 RECOMMENDATION 10
7 ACTION PLAN 10
8 CONTINGENCY PLAN 11
Situation Analysis
The current atmosphere at Frontier National Bank (FNB) shows a lack Vision, Direction and Motivation which results in making the employees dispirited and demoralized .Over a period of time the working environment within the organization has become excessively conventional and unimaginative resulting in regular falls in market share and profitability.
If the current environment prevails then organization will lose its credibility and reputation which it gained over a period of time with sheer hard work and dedication. Moreover, FNB steadily lost its position and now is third in terms assets and sixth in terms of profitability. Conservativeness, continued business with traditional customers and large workforce substantially helped for this situation to arise.
To come out of this situation company needs a plan through which FNB can regain its lost glory and can make the organization among the best