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Morgan Stanley: Becoming "One-Firm Firm"

Satisfactory Essays

1. /What are the challenges facing Morgan Stanley as John Mack assumes a leadership role? The challenges faced by Morgan Stanley as John Mack assumes a leadership role were as follows:  internal fights were taking place at all managerial levels between divisions , as the company at that moment was split in ten divisions and each one of it was totally focusing on profit maximization into it’s own area  there were unequal distribution of wealth among pre and post IPO partners  the firm was in a period of rapid growth , diversification and globalization period , environment that put a lot of pressure on people generally and management especially  traditionally rivalry btw Fisher and Greenhill , Greenhill representing the interest of …show more content…

Mack , well structured and communicated organization scheme , a lot of interaction between division through it’s middle and senior managers .Never the less , they had to adapt to J. Mack way of doing things : being at all times close to the peoples(no meter if they were executives or secretary) and very demanding in the same time 2. /Assess John Mack’s vision and values for Morgan Stanley? What are the key elements? How different is it from the way the firm has historically operated? His vision for MS was to “be the world’s best investment bank and the Firm of choice for our clients, our people and our shareholders”. The key elements for reaching this vision were:  management to assume not just the role of being a manager , also the role of a real coach for it’s team , a pipe through with best ideas to flow and a on the job trainer for it’s subordinates  certain freedom given to the employees for being innovative and take risks but aligned with company’s policy  have a team oriented approach at global level  put a real emphasis on people retention and development  give clear direction and clear communication within the company for common objectives  stop evaluating individually , and change the was to a

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