Family Related Issues

In: Business and Management

Submitted By mcneila9
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The Rainmakers

1. Describe the steps in the process that J.P. Morgan Chase uses as it creates teams, blending its own employees and those from the banks it has acquired.

Mainly how they formed a team was to pick the strongest employees. Dimon was seen as both a risk taker and a team player. The banks name for him was a rainmaker which is an employee who is very successful at attracting new, wealthy clients for his or her team. They five employees that he took from Citigroup where also seen as top employees so he came to J.P Morgan with a strong team already. He was known to handle delicate tasks of merging employees. The team was also brought together by bringing them into an effective workplace, integrating functions, brands, and people across all of the banks businesses.

2. What benefits would JP Morgan gain by using blended teams? What difficulties will it have to overcome as it goes through the process of team formation.

Benefits that are gained is bringing people together with strong skills from two different companies and making/helping the company to grow. There will be plenty of issues because you are working with a lot of leaders, people that are use to taking charge rather than working together. It is just as Susan Nash states in the reading, “the toughest thing to do is get people to….let go of their heritage.” and that was a wise statement. Sometimes people do not know how to except change and still want to do things the way that they feel is right. On the bright side of things people also can learn from past experiences and bring knowledge to the group that may can be for the best.

3. In your opinion, what is the likely performance of the blended teams at J.P. Morgan Chase? Describe how team performance might change over time.

In the long run after everyone learn their place on the team. I see that it will be a great team…...

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