ZuoTi.Pro
Question

3. Should Bank of America change its compensation strategy to include more subjective assessments of performance...

3. Should Bank of America change its compensation strategy to include more subjective assessments of performance and greater emphasis on cross-selling? What effect might this have on its success in the bidding war for top brokers?

business   Operations-Management   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Yes , I do belive that they should change their compensation strategy. which should include being more subjective to assessment of its performance by having a greater emphasis on its cross selling. which will allow a firm to see profits as well seeing a competative advantage from its products. From this also allowing a clear cut sucess from the bidding war for the cream of the crop brokers and prompt brokers to become top producer that will benefit both the firm and themselves.

0 0
Add a comment
Know the answer?
Add Answer to:
3. Should Bank of America change its compensation strategy to include more subjective assessments of performance...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • For the purpose post, we will assume Bank of America will be expanding its business globally,...

    For the purpose post, we will assume Bank of America will be expanding its business globally, and will examine the Banking Industry in at least one foreign country with an eye to global expansion. Scan current authoritative business sources to locate and discuss some global factor that pertains to the banking industry, Bank of America. Why does this global factor matter, and how should a company’s leadership respond? Banking industry/sector is booming throughout the world. Bank of America one of...

  • arclays is a London based multinational banking company that employs 140,000 employees. The company’s revenue drastically...

    arclays is a London based multinational banking company that employs 140,000 employees. The company’s revenue drastically decreased in 2012 ($53 billion) with a yearend deficit of $1.7 million. Later in 2012, Anthony Jenkins was appointed the new CEO in order to turn things around for Barclays so as to regain the trust of their investors and therein increase the profitability of the firm. In 2013, Barclays did achieve a positive net income of $890 million with sales growth of over...

  • True Coop Community Bank – A Balanced Scorecard Case True Coop Community Bank (TCCB) is located...

    True Coop Community Bank – A Balanced Scorecard Case True Coop Community Bank (TCCB) is located in the Midwest US and has a total of 10 branches grouped into two divisions, the southern division (SD) and the northern division (ND). Each division consists of five branches; each branch employs a branch president, branch vice-president/chief loan officer, customer service representatives, loan representatives, mortgage loan originators, head tellers, tellers, and administrative assistants. All branches are located within a 60-mile radius. TCCB has...

  • Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.4...

    Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.4 "Strategic Performance" BUSINESS STRATEGY ANALYSIS REQUIRES THE FOLLOWING: 1. Identify strategic goals. – A firm's strategic goals drive business strategy and address the key success factors of the industry. Strategic goals often include the vision or mission statement for the business. They should also set the direction and standard for financial and market results against which actual performance can be measured. The two most...

  • SCM and Its Critical Success Factors For a supply chain management project to be successful, a...

    SCM and Its Critical Success Factors For a supply chain management project to be successful, a company must achieve certain key factors. The Advisory Council at Information Week has put together a list of those key factors: ● Business-driven strategy: The information system for managing the supply chain must focus on the customer, allowing the customer greater efficiencies in the process. The customer should find that ordering material from the vendor is now more efficient with the new system. The...

  • Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.6...

    Project is about "House of Kaviari," and the industry is Caviar Industry. I only want Part.6 "Identify Critical Issues and Priorities" BUSINESS STRATEGY ANALYSIS REQUIRES THE FOLLOWING: 1. Identify strategic goals. – A firm's strategic goals drive business strategy and address the key success factors of the industry. Strategic goals often include the vision or mission statement for the business. They should also set the direction and standard for financial and market results against which actual performance can be measured....

  • Read “Instituionalizing our Demise: America vs Multiculturalism” by Roger Kimball on pg 268 and “Reinventing America”...

    Read “Instituionalizing our Demise: America vs Multiculturalism” by Roger Kimball on pg 268 and “Reinventing America” Call for a new national indentity” by Elizabeth Martinez on pg 275. Create a double entry notebook for each reading selection It should be atleast five observation and responses. wric 268 PART 2 essay pro. exactly how and why their authors disagree. Instead of with parties in conflict as mediators do, you will nt of view designed to appeal to both sides, mediatn posing...

  • Wells Fargo was the darling of the banking industry, with some of the highest returns on...

    Wells Fargo was the darling of the banking industry, with some of the highest returns on equity in the sector and a soaring stock price. Top management touted the company’s lead in “cross-selling”: the sale of additional products to existing customers. “Eight is great,” as in eight Wells Fargo products for every customer, was CEO John Stumpf’s mantra. In September 2016, Wells Fargo announced that it was paying $185 million in fines for the creation of over 2 million unauthorized...

  • This problem has 3 parts. This is part 3 . It should have all the information...

    This problem has 3 parts. This is part 3 . It should have all the information because the 3 parts information is the same. Thanks. Required information Problem 11-40 Profitability Analysis; Pro Forma Income Statement [LO 11-5, 11-7) (The following information applies to the questions displayed below.) Part 3 of 3 RayLok Incorporated has invented a secret process to improve light intensity and, as a result, manufactures a variety of products related to this process. Each product is independent of...

  • LP5 Assignment 1. What do you think went wrong here from a Human Resource point of...

    LP5 Assignment 1. What do you think went wrong here from a Human Resource point of view? 2. What occurred behaviorally within the top management team? 3. What would you have done differently as VP of Human Resources and why? 4. What strategy do you think the CEO was using in keeping others away? What potential logical motivations might he have had? 5. In a due diligence process what usually takes place especially from the HR Department in a company...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT