Professional Documents
Culture Documents
Case Study - Well Fargo
Case Study - Well Fargo
Wells Fargo should have built a well-trained and committed team to scrutinize the various
forms of sales reports performed by sales workers, under the huge burden of such a market
atmosphere. He should also have established a new kind of rewards package that is not overly
affected by the reward, the revenue incentives, and other such practices. For non-ethical sales
cases not to be entertained at that bank, the leverage of the decentralization mechanism
should be adjusted and controlled.
Different principles are modeled on Wells Fargo's staff. Second, it modeled or motivated
individuals to be strategic advantages. This will authorize workers to provide different
banking services and thus preserve their place in the market like the other company
organization. The buyers' or consumers' privilege is also one of the stamp values modeled on
Wells Fargo workers. This undoubtedly attracted more clients as their wishes were fulfilled to
receive bank facilities provided by the company. The act of first determination of the goods
which do not affect consumers after buying them encouraged this. The influence of the
Stumpf on the employee paradigm has also had a positive effect or impact on the Wells Fargo
community. Culture means the right thing to do. This modeling of workers according to the
different principles has guided them or made them easy to execute different tasks well,
allowing clients to fulfill themselves with Wells Fargo's banking services.
Ethics is the secret process or method used to disclose the various infringements of the laws
or regulations that have been laid down. The existence of the ethics hotline at Wells Fargo
was not beneficial since the deposit and the credit cards of the workers of the company were
inappropriately collected from inside the Wells Fargo organization, so the legislation has not
yet been reported. This is because the use of the ethical hotline could lead to the reporting of
workers who wanted to improperly open the bank and credit cards. The steps to foster ethical
behavior; to root the code as a faith and integrity of the core principles of the organization,
and to provide a copy of a core values forming committee for each individual to ensure the
successful conduct of the code.