Wells Fargo Financial Analysis

swell Fargo For this project, we researched Wells Fargos execution of instrument in the last braces of years as a way to check on its progress to greatness. What we found was an overwhelmingly charismatic company that non only puts down its values in ink, but in like manner strictly abides by them. Much to our surprise, a huge collocate of their thick annual report for 2002 was an honest listing of solely the threatening factors that stand in the companys way kinda than its exceptional rankings in its sector. In this paper, we will focus specifically on Wells Fargos leadership, company culture, SWOT analysis, and financial performance analysis. We will try to link our findings to Jim Collinss book as a way to prove that the company has really make the jump from good to great. Charismatic Leadership The CEO Dick Kovacevich became the bye of the company in 1998 after its merger with Norwest Corp. Business workweek classifies him as one of the best managers: While umpteen of his peers harbor been embroiled in one scandal or another, Wells Fargo & Co. CEO Richard M. Kovacevich, 59, has kept his bank safely out of the perturbation (BW). Kovacevich obtained his MBA from Stanford after an injury in his shoulder kept him from bonny a pitcher for the New Yorker Yankees.

Nevertheless, Kovacevich transports his athletic attitude to his short letter pitching hard and fast in his industry (RMA Journal). For him, mistakes be unavoidable part of business but he treats them as opportunities to learn and grow. His core strategy is to sell as many products as possible to each customer. Currently, four products are change on average to each customer, which is double the industry average. Furthermore, Kovacevich admits to his willingness to pass a little profit margin for the purpose of building lasting and trusting relationships with their customers. Kovacevich has also invested in building break in relationships between the management and the workers because for him having the right people on the police squad is... If you want to get a full essay, order it on our website: Orderessay

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