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Wachovia Bank Fail

In: Business and Management

Submitted By juanllavat
Words 636
Pages 3
Using the fall of Wachovia bank, there could be several lines that have room to improve and grow. They need to focus on image transformation based in clean international reputation. Establish a clear policy and easy for all levels of society. With the intention to cover the general public, customers, investors and government. The restore confidence in these lines will be a strong distrust task as completely closed all channels of communication. Creating an environment hostile an interrupt the flow of ideas for the advancement of the company. Applying Kotter Jonh 8 steps we can start a transformation in the following way: Create a sense of urgency, identifying the behaviors that led to the company in the context of the antitrust. Identify the customer sensitivity issues and address them with elements to replace them. Creating mortgage banking processes consonant with the current average market standards and avoiding extravagant enter deals that would bring the memories of the practices of the "Pick and Paid". Elsewhere on second order retrieve the value and respect of former employees and veterans of war and finally make contributions in campaigns against the drug business, focused on enhancing the human value of the Latino community internationally.
Creating a coalition guidance, identifying persons with high levels of communication and experience at the three issues mentioned above. These issues need to open a direct channel of communication between the client and the top management, supported by clear and fast responses and customized communication that encourage front. These communications will be explain and managed by one person for each subject, with the purpose of not overburdening a single specialist, and reduce the diversity of responses and maintain a vertical position public policy.
Developing a vision change, establishing a clear public…...

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