Read the following description of an organization and consider how elements of its internal environment influence it. Northern Trust Corporation, a wealth management company, is traded on the NASDAQ stock exchange and is a component of the Standard & Poor's 500 Index. On March 31, 2015, the company reported that it had $107 billion in banking assets and $960 billion in assets under management. There are 12 people who supervise the management of the Northern Trust Corporation. Frederick H. Waddell, chairman and CEO of Northern Trust, is one of the 12, but the rest are independent of the organization. They meet on a regular basis in small committees-including an audit committee, a business risk committee, a business strategy committee, and a compensation and benefits committee-to manage the organization for the benefit of the shareholders. The Northern Trust Corporation has three enduring principles: service, expertise, and integrity. These principles guide the actions of everyone in the organization. The company is currently looking to add many new workers in the United States, Europe, Asia, and Australia. Source: Northern Trust Corporation. (2015). Northern Trust website. Retrieved from http://www.northerntrust.com Example Role The 12 people who supervise management Service, expertise, and integrity Shareholders
Read the following description of an organization and consider how elements of its internal environment influence it. Northern Trust Corporation, a wealth management company, is traded on the NASDAQ stock exchange and is a component of the Standard & Poor's 500 Index. On March 31, 2015, the company reported that it had $107 billion in banking assets and $960 billion in assets under management. There are 12 people who supervise the management of the Northern Trust Corporation. Frederick H. Waddell, chairman and CEO of Northern Trust, is one of the 12, but the rest are independent of the organization. They meet on a regular basis in small committees-including an audit committee, a business risk committee, a business strategy committee, and a compensation and benefits committee-to manage the organization for the benefit of the shareholders. The Northern Trust Corporation has three enduring principles: service, expertise, and integrity. These principles guide the actions of everyone in the organization. The company is currently looking to add many new workers in the United States, Europe, Asia, and Australia. Source: Northern Trust Corporation. (2015). Northern Trust website. Retrieved from http://www.northerntrust.com Example Role The 12 people who supervise management Service, expertise, and integrity Shareholders
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:Read the following description of an organization and consider how elements of its internal environment influence it.
Northern Trust Corporation, a wealth management company, is traded on the NASDAQ stock exchange and is a component of the
Standard & Poor's 500 Index. On March 31, 2015, the company reported that it had $107 billion in banking assets and $960 billion in
assets under management. There are 12 people who supervise the management of the Northern Trust Corporation. Frederick H.
Waddell, chairman and CEO of Northern Trust, is one of the 12, but the rest are independent of the organization. They meet on a regular
basis in small committees-including an audit committee, a business risk committee, a business strategy committee, and a
compensation and benefits committee-to manage the organization for the benefit of the shareholders.
The Northern Trust Corporation has three enduring principles: service, expertise, and integrity. These principles guide the actions of
everyone in the organization. The company is currently looking to add many new workers in the United States, Europe, Asia, and
Australia.
Source: Northern Trust Corporation. (2015). Northern Trust website. Retrieved from http://www.northerntrust.com
Example
Role
The 12 people who supervise management
Service, expertise, and integrity
Shareholders
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