Wells Fargo And Organizational Culture Change

Wells Fargo is an American bank that was created in 1852 by Henry Wells and James Fargo. It is the second largest bank in the USA in terms of market cap, operates in over 42 countries around the world, and has over 260,000 employees.

Businessmen in New York establish Wells, Fargo and Company, destined to become the leading freight and banking company of the West.

Wells Fargo & Company was incorporated on the 24th of January, 1929 a bank holding company. Its main purpose is to serve as a holding company for its subsidiaries. It has three segments of operation: Community Banking, Wholesale Banking and Wealth, and Brokerage and Retirement. The Company provides all sort of banking services in the area of retail, commercial and corporate purposes through their numerous banking stores and offices, the worldwide web, and other channels to cater for the needs individuals, businesses and institutions. Their services are available in all the fifty states, the District of Columbia and in other countries. It operates in the Money Center Banking industry (SIC Code 6021). Companies in this industry provides

In other words, the management of Wells Fargo has already passed from good to great. Kovacevich strives to create an atmosphere of employee satisfaction and trust. It is true that he finds it profitable to maintain happy workers who execute their jobs better but we saw much more than the pure profit added to these open management ? employee relations: we saw a caring leader, humble enough to risk his authority to be undermined by critiques. Several years after Collins? book was published, the management at Wells Fargo is still approachable, humble, humane, and very charismatic.

Our paper today will be on Wells Fargo. Wells Fargo is an American bank that was created in 1852 by Henry Wells and James Fargo. It is the second largest bank in the USA in terms of market cap, operates in over 42 countries around the world, and has over 260,000 employees.

Wells Fargo was established in 1852 by Henry Wells and Williams Fargo who joined a group of other investors to form a transportation and banking company. In 1849, gold was discovered in California, which encouraged a huge demand for its cross country shipping and by 1852 Wells Fargo shipped its first consignment of gold. Wells Fargo also established merger deals with Pony expresses which made them one of the pioneers of pony transportation. This company later expanded to a company that offered not just pony and gold transportation services, but also offered banking services by purchasing gold and selling paper bank drafts as good as gold. In 1905, the banking branch of the company merged with the Nevada National Bank and established its new headquarters in San Francisco. ("Wells and Fargo start shipping and banking company", 2016).

Since 1852, when Henry Wells and William Fargo founded the company, it has always had the main focus on its customers. Originally, the idea set aside this financial institution from the rest was the determination with the Pony Express and the classic stagecoaches to allow express banking. “Wells Fargo earned a reputation of trust by dealing rapidly and responsibly with people’s money” (Wells Fargo, 2017). The bank began to grow rapidly throughout the years and took on the motto “Ocean to Ocean”, it was a this time the stagecoaches began traveling miles and miles in order to deliver their customers banking needs in a timely manner. However, by the time the Great Depression hit, the bank unfortunately lost all their business and resorted back to their original stomping grounds in San Francisco. It wasn’t until during this time, the Wells Fargo stagecoach became a symbolic icon in the Hollywood western films. By taking on this credibility in the films, it provided a leverage for the company to come back and take back their “Ocean to Ocean” title. “New banking concepts not only changed where people banked, but how they banked. Drive-up tellers,

A cultural change needs to have an integrated approach that includes multiple diversity initiatives. Those include: leadership commitment, effective organizational communication about diversity, clarity about how diversity fits within the

Wells Fargo founded in 1852 is known for being a financial services company. Wells Fargo provides banking, insurance, investment, mortgage, and consumer and commercial financial services through more than 8,600 locations, 13,000 ATM’s, online, and mobile devices. Wells Fargo is headquartered in San Francisco, California but has a vision of being decentralized from that location. Being decentralized allows each location to act as a headquarters to provide their customers with specific financial services. Wells Fargo employs approximately 268,000 employees to serve 70 million customers.

In 1996, Citibank was an emergent banking institution attempting to increase its market share in the competitive Los Angeles area. In order to do so, the bank’s strategy was to focus slightly less on their financial growth, and much more on providing “a high level of service to its customers”. Management viewed this paradigm shift as “critical to the long term success of the franchise”.

According to Robbins and Judge, organizational culture is, “a system of shared meaning held by members that distinguishes the organization from other organizations” (Robbins 249). A strong organizational culture is one whose organization’s core values are both intensely held and widely shared. After viewing Enron: The Smartest Guys in the Room, it is obvious that Enron had not only an organizational culture that was strong, but one that was extreme and aggressive. This aggressive and strong organizational culture discouraged both teamwork and ethical behavior and in the end it only plagued Enron until it eventually collapsed under its downfall.

Economics The ability to compete in the market is the foundation of all organization’s strategic plan. In order to be competitive the company must offer the right products at the best value. This section will describe Wells Fargo’s products and how they compare with its major competitors. The services offered by Wells Fargo include, checking accounts, savings accounts, certificates of deposit, credit card, and loan products.

As a business major with a concentration in finance, I can think of no better place to develop my understanding of the financial services industry than to participate in the Wells Fargo’s Freshman Diversity Finance Forum. Wells Fargo provides individuals with a place to bank, and assists families in realizing the American dream of home ownership, and aids large and small businesses in building sales and creating jobs. In order to become a well-rounded business leader, I will need exposure to institutions such as Wells Fargo, so that I can understand how individuals, families and businesses are helped (through lending), and at the some time, gain a better understanding of how Wells Fargo makes decisions about who they will lend to and gain

Wells Fargo is an American multinational diversified financial services company. The company operates throughout the world. It is one of the largest banks in the US in the state of assets. Moreover, Wells Fargo is the largest market capitalization bank in the US. It takes the second category in the field of deposits, delivery of home mortgage services, and delivery of credit cards. The company has its headquarters in Francisco, California. The company has coverage of more than twenty-four states in the US. In every state, it has established its headquarters that act as distribution and storage regions for the company's products and services. The company offers insurance, banking, mortgage, and consumer financing through the sale and distribution of its networks across the US. The advantages of Wells Fargo Company are widely distributed: they have helped it realize a stable market in the United States and around the globe.

founded by Henry Wells and William Fargo in 1852. It is a well-known company by all professionals