1-3 Milestone One Organization Selection

docx

School

Southern New Hampshire University *

*We aren’t endorsed by this school

Course

616

Subject

Management

Date

Jan 9, 2024

Type

docx

Pages

Uploaded by javiermaciasjr0

1-3 Milestone One 1 Organization Selection Javier Macias Southern New Hampshire University Professor Nerissa Conn 12/10/2023

1-3 Milestone One 2 Organization Selection: Bank of America In the article, it discusses, how one of the major banks has eliminated 4000 Jobs by the 2 nd Quarter of 2023 despite showing an increase in revenue. The CEO Brian Moynihan states they were necessary as the job market had slowed and possible of a recession may occur. The bank was preparing for a possible negative effect from a possible recession. The problem at first sight: Bank of America may be losing money by having too much staff and wants to save money by reducing staff. What solutions could remedy the situation? The lowering of interest rates by the Federal Reserve can help reduce the risk of a recession which can ease a major bank's concerns and keep staff and assist them in avoiding layoffs in the future for its current staff. What do I have in my toolkit that I could utilize? Providing stock market reports that have occurred in the past that have similar trends and present them as a possible current future scenario to prepare for the future. It also, provides insights from the federal reserve to determine if future hikes or reductions will be present to protect the bank and its staff. What impacts would my solutions have? The impact would be dependent on what the reports reflect and how the banks see in what ways it will affect bank of America.

1-3 Milestone One 3 How would people inside and outside the company view my approaches? People outside the bank can be placed as ease and feel their money is secure in Bank of America and bank with them as normal. Furthermore, the elimination to cease of reducing layoffs gives customers a security of their monies. Inside the company, the investors, shareholders, employees can also feel secure to invest in property, lend more funds out and retain employees

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

1-3 Milestone One 4 References Gandel, Stephen. (April, 2023). Bank of America plans 4,000 job cuts despite strong results . https://www.ft.com/content/e5c392ba-7357-42c0-9a6b-6720769be32e

Related Documents

MAN 5501 individual case report.docx

pre class assign chapter 6.docx

Chapter 13 Review questions.docx

Chapter 10 Review Questions Kirandeep Kaur.docx

Internally Consistent.edited.docx

BUS 4402 WA 6 CR.docx

MT 140 Unit 4 Assignment.docx

Module - 3 - Discussion 4.docx

Assignment and didcussion.docx

CHAPTER 7 REVIEWER 6151.docx

Week 2 - Initial Discussion Post.docx

AETNA 4.docx

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:Cengage,

Purchasing and Supply Chain Management

Operations Management

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Cengage Learning

Management, Loose-Leaf Version

Management

ISBN:9781305969308

Author:Richard L. Daft

Publisher:South-Western College Pub

MARKETING 2018

Marketing

ISBN:9780357033753

Author:Pride

Publisher:CENGAGE L

Principles of Management

Management

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax College

Foundations of Business (MindTap Course List)

Marketing

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:Cengage Learning

SEE MORE TEXTBOOKS

Recommended textbooks for you

Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning