Subject category:
Strategy and General Management
Published by:
Harvard Business Publishing
Version: 10 April 1990
Length: 22 pages
Data source: Field research
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Abstract
Banc One Corporation, an innovative and financially successful super-regional bank holding company, has a track record of upgrading performance of acquisitions while retaining previous management - doing better with the same people. In June 1989, Banc One made its first acquisition out of its home base region by purchasing McCorp's insolvent Bridge Bank in Texas, with assets almost half that of the entire Banc One system. Banc One is now much larger and operating on new territory at a time when its decentralized operating philosophy is already strained by growth and innovation. Chairman, John B McCoy, who describes himself as 'chief personnel officer', has been active as a general manager in developing and upgrading people through a variety of means. What should he do to meet the performance challenges of the future?
About
Abstract
Banc One Corporation, an innovative and financially successful super-regional bank holding company, has a track record of upgrading performance of acquisitions while retaining previous management - doing better with the same people. In June 1989, Banc One made its first acquisition out of its home base region by purchasing McCorp's insolvent Bridge Bank in Texas, with assets almost half that of the entire Banc One system. Banc One is now much larger and operating on new territory at a time when its decentralized operating philosophy is already strained by growth and innovation. Chairman, John B McCoy, who describes himself as 'chief personnel officer', has been active as a general manager in developing and upgrading people through a variety of means. What should he do to meet the performance challenges of the future?