Leadership Styles And Bank Of America Essay - 1456 Words

Leadership Styles and Bank of America There are multiple ways and styles in which one may lead a group of people or an organization. In some organizations there may be several leadership styles being used concurrently within it. This is usually dependent on the specific tasks and departmental needs of the organization. This report will describe nine leadership styles, those being: authoritarian, democratic, laissez-faire, situational, charismatic, transactional, transformational, caring, and servant. As well as divulging into which of these or what combination of these, if any, are utilized by the Bank of America. Bank of America is considered the second largest bank in the United States by assets; it is the twenty-sixth largest company by revenue. It was also listed as the eleventh largest company in the world by Forbes magazine. It is believed leadership can be taught. There are many training facilities and different present organizations that offer leadership training for their employees. These training classes are directed by psychologists whom utilize self-report questionnaires to help one understand themselves which will then, in turn, help them learn to lead others. John Storey in Leadership in Organizations argues that â€Å"it is impossible to lead others without a deep understanding of oneself† (Storey, 2004, p.125). There are various theories in regards to leadership, but according to our textbook they can all be categorized into six theory approaches. The first one isShow MoreRelatedBank Of America Leadership Styles1483 Words   |  6 Pages Bank Of America Leadership Styles Edan Dahan Palm Beach State College Introduction: I believe that Bank of America will succeed because they do not restrict leadership styles within the company. â€Å"Leadership is the problem – and the solution. Since spring 2011, the KBW index shows, financial company stocks have performed up to 40% worse than other industries. In addition, job cuts are up 103% from 2012, CEO turnover is on the rise and 45% of sector employees sayRead MoreBank Of Americ An American Multinational Banking And Financial Services1054 Words   |  5 PagesRetail banking is the cluster of products and services that banks usually provide to consumers and small businesses through branches, the Internet, and various channels. â€Å"Bank of America serves more than 38 million consumer and small business relationships in the nation’s fastest-growing and most diverse communities. Sales, service, and fulfillment are provided through more than 5,800 banking centers and nearly 17,000 ATMs in 29 states and the District of Columbia. We also offer our customers theRead MoreThe Bank Of America Has Tackled Major Issues Facing The1110 Words   |  5 PagesThe Bank of America has tackled major issues facing the banking industry by employing its simple customer-focused approach. The corporation’s strategic method to effectively identify and provide a range of financial products and services through direct and indirect customer feedback have been profitable. Nevertheless, the bank’s resource-based view has also impacted the basis of the cooperation’s competitive advantage. 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The presidency of Obama began on 20th January in the year 2009 after he was sworn in as the 44th president of United States of America. Before unveiling his ambition of vying for the top seat, Barack Obama was the Illinois senator in United States. Obama’s presidency came about as a result of succeeding PresidentRead MoreA Report On The Bank1118 Words   |  5 PagesStewart GB 215 TD Bank has over 1300 locations along east coast and each of them exists to offer customers a way to bank on their own terms. The TD Bank location that is the focus of this analysis is located in Lexington, MA. Behind every teller line are the words TD Bank: America s Most Convenient Bank and it offers products and services to live up to that expectation which it sets for itself. To set itself apart from other banks, such as Bank of America or Citizens, TD Bank promotes the ideaRead MoreWebster Financial Corporation Essay1059 Words   |  5 PagesFinancial Corporation or better known as Webster Bank has been helping families, individuals, and businesses achieve their financial goals for more than three generations. Webster Bank has over 3,000 employees that are working towards the company’s values, which is to meet their customers’ needs. They also want to gain and keep customers’ trust, respect their dignity, and to work with the customers’ to achieve th e best results possible. Webster Bank extends through four states, including New York