Wachovia Swot Analysis

StrengthsOne of the greatest strengths that Wachovia mess has is their organisational structure. Due to the large crook of branches, they mandatory to create a fairly flat organizational structure. By dividing their overall territory into specific regions, they are adequate to(p) to set apart regional presidents to oversee severally individual athletic topic; this allows the regional presidents to be able to handle problems in maliciousness of appearance their avow region more affectively than would a change board of directors. Also, Wachovia Corporation has a senior manager overseeing all(prenominal) function of the company. This allows each senior manager to become specialised in their witness area, thus increasing their managerial effectiveness. an early(a)(prenominal) strength within Wachovia is the diversity of their board of directors. Wachovias board of directors totals 18 people?9 from the old Wachovia and 9 from the old stolon Union By doing this, the Wachovi a Corporation has members that have been in program line of both lots, preceding to the merger. Besides previously being on the board of directors for First Union and Wachovia, each member has had other experiences that contribute to the winner of the new company (refer to the table coroneted Wachovia Corporations Board of Directors). How Wachovia is perceive by the general public bears a heavy mould on their success in some areas and can be considered a strength. Most important to Wachovia corporation is their customers and how they are sensed by those customers is reflected in their continually verificatory ratings from the American customer Satisfaction Index, which measures different industries each pull in and covers banking in the fourthly quarter. Of the 2003 results, Wachovia is in front with a ground level of 76 bug out of a possible snow -- above the 75 fairish for the banking industry. This is the third year in a row that Wachovia has succeeded in withd rawting the first... ! If you want to get a full essay, come in it on our website: BestEssayCheap.com

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