Morgan Stanley free essay sample

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 ? he 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 investment banking division , old and conservative and Fisher being the â€Å"new wave† into the company with it’s new divisions such as Sales and Marketing , Fixed Income Division -bottom line the company was ruled by very high ego persons ? long time decision-making due to the a. . rivalry and lack of communication ? no common goal and definitely not one that is shared with the entire organization – specific goals/division ? reluctance of the old personnel(senior mngmt) within the Investment Banking Division to John’s Mack attitude as a leader and it’s ideas of change ? the fact that divisions had to teach to give up profit orientation/division and to start interact with the rest of the company and try to generate best outcomes fm related businesses and common approach to certain customers ? ntegrated strategy at firm level and known by all it’s members – last but not least having their commitment for reaching the common objective â€Å"first class business in a first class way† Change in cultural values of the company. We will write a custom essay sample on Morgan Stanley or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Before the company â€Å"motto† would have been â€Å"each on his own† and now everybody should believe in common concept , have common symbols and behaviors ? John Mack was a real cultural hero bcs he has started with MS very early and he was promoted due to his competencies perfect example to be followed ? ue to this common leadership approach , they had to adapt to a lot of new things : appearance of new rules and clear procedure with regards to Organization Development , acceptance of kind of â€Å"guru† managers that were brought into the organization by J. 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 â€Å"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 collective evaluation ? ave total changed the mngmt behavior and get their total support ? have a lot of informal interaction and put an emphasize on this There is a total difference between new style of leadership and the old one, actually before; the company had no leaders, just managers who were controlling the business. Historical â€Å"way of doing things† was described within the first answer and we can add the recruitment policy, the missing of clear â€Å"career path† for employees, missing of common and shared values, even missing of common objectives. . /What recommendations would you make about how the process should be redesigned? We think that the way J. Mack started is very good by getting peoples under the same â€Å"umbrella† and putting them together to work to a common goal, prize them, reward them up to their team accomplishments; allowing them to know each other under informal meetings; letting the people to feel that they are making things happened, getting their commitment and forcing the to interact and communicate. An accent should be put in our opinion on cross selling activities – way that best results can appear fm a certain business and maybe a reorganization of the company , based on industry profile of serviced customers (e. g. for customers in commodity industry maybe a division should have been created and those employees to be able to offer the whole range of products and services to that customer without to force the customer to talk to a lot of people and sign a lot of separate contracts)-promoting the â€Å"One face to the customer† concept.

Researching a Famous Ancestor in Your Family Tree

Researching a Famous Ancestor in Your Family Tree Am I related to someone famous? This is one of the questions that often first sparks a persons interest in genealogy. Maybe youve heard that youre descended from Benjamin Franklin, Abraham Lincoln, Davy Crockett, or Pocahontas. Or perhaps you suspect a family connection (however distant) to Princess Diana, Shirley Temple, or Marilyn Monroe. Maybe you even share a surname with someone famous and wonder if youre somehow related. Research Back to the Famous Ancestor If you suspect a famous individual or two in your family tree, begin by learning as much about your own family history as possible. Assembling the names and dates in your own family tree is necessary for later connecting with the large databases and biographies that hold previously done research on famous individuals. Whether youre directly descended or a tenth cousin, twice removed, youll likely have to research your own family back at least several generations before attempting to connect to the famous person. Distant cousin relationships very often require following the family tree to a point several generations prior to the time of the famous individual and then tracing your way back down various side branches. You may not be a direct descendant of Davy Crockett, for example, but may still share a common ancestry through one of his Crockett ancestors. To find that connection you would have to research back not only through your own family tree, but his, and then possibly work your way forward as well to the ancestral connection. Learn More About the Possible Famous Ancestor In addition to researching your own family history, you can also explore the information that exists for the famous individual you think you are related to. If they are pretty famous, chances are that their family history has already been researched by someone. If not, its likely that their biography or other resources are available to get you started in the right direction. The more familiar you are with the names and locations in the family tree of your potential famous relative, the easier it will be to spot the possible connections as you work backward in your own. Just dont fall into the trap of assuming that same name/same location means the same individual! Biographies Biographies of thousands of famous individuals can be easily found online. The following are some great resources to start your research: Biography.com includes short biographies of over 25,000 famous people, ranging from actors and actresses to political leaders and historical figures.Infoplease.com features 30,000 notable people.Biographical information for actors, actresses and other individuals associated with the movie can be found at E! Online and The Internet Movie Database (IMDb).Popular genealogy databases, such as FamilySearch User Submitted Genealogies or Family Tree, Ancestry.com Member Trees, and also contain many celebrity genealogies - but please be aware that they may not always be 100% correct. Some of those famous connections are rooted in times and localities where surviving records are scarce, and thus not necessarily supported by evidence that meets the Genealogical Proof Standard. Searching for Relatives That Have Passed Away Popular cemetery websites showcase dates and pictures of celebrity tombstones. Here are a few online resources to get started when lliking for information about people who may have passed away: Find a Grave includes transcribed gravestone information (and sometimes pictures) for thousands of famous and infamous individuals.Hollywood Underground gives the scoop on the final resting places of famous people buried in and around Los Angeles.Political Graveyard tells you where all the dead politicians are buried. If your famous ancestor was in the military, then many military cemeteries and memorials have information online. Finding Famous Lineages If the person is pretty famous, their family tree may have already been researched. Famous lineages can often be found online, in published biographies, or family histories. Heritage and lineage society publications and membership applications are other rich sources of lineages for famous individuals. A useful RelativeFinder.org is a great relationship finder tool, accessible by setting up a free FamilySearch account and family tree, which uses names and Ancestral File Numbers to assist people in finding common connections to famous people. Newspaper accounts of a famous individual, especially those written during his (or her) lifetime, may detail his participation in historical events or include accounts of his daily life. Marriages, obituaries, and other newsworthy items found in historical newspapers may also provide information on family members. While it provides a good start, it is important to remember that this type of published information is secondary - some correct, and some little more than guesswork. To be sure of your famous connections, take your research further into original documents to verify the accuracy of what you have discovered in previously done research or biographies. Finding Your Not-So-Good Relatives Not all ancestors are famous for their good deeds. You may have a notorious gunfighter, convict, pirate, madam, famous outlaw or other colorful character hanging from your family tree. This hidden past often presents some unusual opportunities for uncovering more details. In addition to the resources listed on the previous page for finding famous ancestors, court records are an excellent source for learning about everything from houses of ill repute to bootleggers. Criminal and prison records are also worth a look. The following are resources you can use to trace those individuals that may have had a run-in with the law: The Federal Bureau of Prisons maintains a database of former inmates (records prior to 1982 can only be accessed by mail).Many of the early American settlers from England were originally transported to the colonies as convicts. Over 25,000 of these individuals can be found listed in Peter Wilson Coldhams The Kings Passengers to Maryland and Virginia.The online  Crime Library  of the Crime Museum in Washington, DC, includes biographies and stories of notorious gangsters, outlaws, terrorists, spies, and murderers.The Associated Daughters of American Witches searches for an preserves the names of those accused of witchery in Colonial America.On the website of the International Black Sheep Society of Genealogists, you can read about others family connections to scandalous black sheep and find help for researching your own. Sources Coldham, Peter Wilson. The Kings Passengers to Maryland and Virginia. Heritage Books, September 6, 2006.

1. What is your Managerial Philosophy Under what conditions it will Assignment

1. What is your Managerial Philosophy Under what conditions it will work and what may make you reconsider your managerial philosophy 2. What is ethics and what is ethical behaviour - Assignment Example The other condition where it would work is where the management lenders challenging but job related tasks, guidance to their success in these challenges rejuvenates the energy to work harder. However, there are extreme cases that lead to the reconsideration of this philosophy; when brooding and checking for potential leaders within the team, as a manager one has to drop this philosophy to observe the best skills or who could coordinate others in your absentia yet via the right business track. Ethics can be defined as a control mechanism involving systemization, defending and recommending various concepts termed as right or wrong that often address moral disputes or limit chances of moral dispute occurrence all together (Barbara, 2010). Ethical behavior means acting in a manner consistent with individuals or the society typically regard as good values. This behavior is healthy for any goal-oriented business. Ethical behavior is known to involve demonstration of respect for important and morally upright principles, which includes fairness, dignity, honesty individual rights, equality and diversity. In conclusion, management philosophies guide a business leader, but would be eased further by training the staff on the benefits of work ethics where they can guide themselves in the manager’s