Barclays Buss4
- Created by: Amy Bird
- Created on: 15-06-13 12:29
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- Barclays
- Leadership
- Antony Jenkins
- recently instigated a strategic review of the business, including performance and culture
- introduce 5 new values to express new culture, Respect, Integrity, Service, Excellence and steward ship
- Sent a letter to staff saying if they didn't like the changes he was making to get out
- Antony Jenkins
- Strategy
- Training was required to teach people about the new vaules
- more effective communication
- re-educated top managers
- over 1000 people trained to preach new message
- Top investment bankers may have to attend re education sessions
- Rewards and punishment
- rewards are introduced with new values, to make staff commit
- by handing out bouns'
- rewards are introduced with new values, to make staff commit
- Training was required to teach people about the new vaules
- Culture
- team work and a collaborative approach
- introduce 5 new values to express new culture, Respect, Integrity, Service, Excellence and steward ship
- as a meritocracy, the firm recognises and rewards talent and innovation while encouraging training and development
- team work and a collaborative approach
- Change
- PPI scandal, needed a new brand to bring back loyal customers
- problems with change
- size of the organisation
- change will take a long time to implement
- difficult due to large number of employees, geographical spread and diverse range of products/service
- resistance to change
- employees were told to leave if they didn't like the changes
- Sent a letter to staff saying if they didn't like the changes he was making to get out
- employees were told to leave if they didn't like the changes
- size of the organisation
- Leadership
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