1.Evaluate the effectiveness of the Morgan Stanley performance assessment and mgmt system. The strategic goal at Morgan Stanley is to transform the company’s work environment into one that promotes teamwork, innovation and absolute integrity. In order to achieve this goal, President John Mack and his executive team recognized that a culture change in the way staff were evaluated and compensated would be necessary. They instituted a 360-degree performance evaluation system two years ago allowing
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Morgan Stanley, a leading U.S. Investment Bank, was attempting to transform its work environment to one that fosters teamwork but promotes innovation as well. This vision was developed under the leadership of the new president John Mack and his executive team. President Mack was looking for people to “shake up the culture.” With heavy resistance, he recruited Paul Nasr to be the Senior Managing Director in Capital Market Services. Paul was a highly regarded banker with over twenty years of experience
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Morgan Stanley, a leading U.S. Investment Bank, was attempting to transform it’s work environment to one that fosters teamwork but promotes innovation as well. This vision was developed under the leadership of the new president John Mack and his executive team. President Mack was looking for people to “shake up the culture.” With heavy resistance, he recruited Paul Nasr to be the Senior Managing Director in Capital Market Services. Paul was a highly regarded banker with over twenty (20) years of
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Capital Market Services at Morgan Stanley (hereafter referred to as MS) is facing the challenging question of how to effectively handle Parson’s annual performance review without creating a vacancy in an irreplaceable area that was difficult to perform and had seen a tremendous amount of turnover at MS. Nasr had the fear of losing Parson, his valuable employee and a star producer if he was not promoted to Managing Director as promised by Nasr during his hiring. Rob Parson, Principal, Capital Market
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MGT-500 Leading people and Organizations Case write-up Taran Swan at Nickelodeon, Latin America By: Sher Khan Nassery ID: 003757 March 10, 2015 Summary of the Case: This case is about “Nickelodeon” an American Cable Channel for kids with an intention to launch its new branch in Latin America. Nickelodeon was launched in the United States in 1979. The establisher of Latin America’s branch was Ms. Taran Swan the Nickelodeon’s managing director. Ms. Swan had served as Launch Director and General
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Introduction Morgan Staley was founded in 1935, by Henry S. Morgan and Harold Stanley. Today Morgan Stanley is one of the world's top financial services companies and a leader in investment banking, private wealth management, bonds and stock trading. In 1993 a new president was named in Morgan Stanly, John Mack. He had a vision of transforming Morgan Stanly into a “One-FirmFirm”. From this vision came out the firm’s mission statement, Our goal is to be the world’s best investment bank and the
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Rob Parson at Morgan Stanley Performance Evaluation Process Write Up What is your assessment of Rob Parson’s performance? Should he be promoted? You can’t make an omelet without breaking an egg….This seems to be the Rob Parson approach to handling business. While there is certainly no denying that Parson is unparalleled in his ability to deliver results; his overall demeanor and approach to others contradict everything that Morgan Stanley is trying to stand for. Morgan Stanley aims to establish
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collaboration, required professionals who not only had domain-specific industry knowledge but were also skilled at responding to client needs by designing products in collaboration with product specialists within Morgan Stanley. It was these requirements that led to the appointment of Rob Parson, a managing director at a smaller firm with connections to some of the important players in the banking and insurance industries, as a market coverage professional The financial services industry is characterized
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Rob Parson at Morgan Stanley Rob Parson was a market coverage professional in the Capital Markets division. He had been hired by Paul Nasr and had generated substantial revenues since joining the firm. Unfortunately, Parson's reviews from the 360º feedback said that he was having difficulty adapting to the firm's culture. So Nasr faces the difficult decision to promote Parson to Managing Director. Nasr must complete Parson's performance evaluation summary and conduct Parson's performance review
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DATE OF SUBMISSION 4/9/2012 | [Type the company name] | ROB PARSON AT MORGAN STANLEY | WAC ASSIGNMENT 2 | SUBMITTED TO – PROF DANESH GOJER SUBMITTED BY – DHAIVAT NANDA (65936) YASH PAREKH (60489) LETTER OF TRANSMITTAL To, Paul Nasr, Senior Managing Director, Morgan Stanley. Subject- Report on decision concerning Rob Parson's promotion according to the performance evaluation. Herewith
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