………………………………….………p. 7 Industry analysis C. External Factor Evaluation Matrix (EFE)……………………………….…p. 9 2. Internal Audit A. Management Analysis…………………………………………….………..p.11 C. Marketing Mix. …………………………………………………….…p. 23 D. Financial/Accounting Analysis………………………………….………..p. 30 E. Financial Ratios Analysis…………………………………………………p. 33 G. Internal Factors Evaluation Matrix (IFE)…………………………………p. 42 Customers’ analysis and Target market III
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Wells Fargo SWOT Analysis‚ IFE‚ & EFE Matrix * STRENGTH 1. Strong national presence and credible reputation (Strong brand) 2. Widely recognized as industry and market share leader (Industry leader) 3. Servicing for more than 25 million customers through over 6000 stores‚ the Internet‚ and other distribution channel across North America and elsewhere internationally (Worldwide service) 4. Values its people as its competitive advantage (Strong HR & management team) 5. Values
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A. Significant event from 1980-Financial crisis (acquisitions/mergers) Added services. Wells Fargo has grown mainly through its mergers and acquisitions with small banks and companies. In the late 20th century Wells Fargo acquired Crocker National‚ Barclay’s Bank and First Interstate Bank. These acquisitions occurred between 1986 and 1996. The acquisitions were recorded the largest buyouts to date. The process is as follows: 1. 1990-Norwest acquires First Interstate of Wisconsin 2.
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Wells Fargo & Co. In 1852‚ Wells Fargo & Co was founded by Henry Wells and William Fargo with a purpose to serve the West. The new company started the banking (buying gold and selling paper bank drafts as good as gold) and expresses (rapid delivery of the gold and anything else valuable). After starting by Henry Wells and William Fargo‚ Wells Fargo opened for business in the San Francisco port. Soon Wells Fargo’s agents started to operate their offices in the other cities and camps of the West. During
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Google Case Study EFE (External Factor of Evaluation) S. no | Opportunities | Weight | Rating | Weighted Score | 1. | In future Google expand their coverage of universe with alliance LSST. | 0.05 | 2 | 0.1 | 2. | Google may explore new businesses in future related to telescope. | 0.1 | 2 | 0.2 | 3. | After implementing of LSST telescope build up-to-the-minute image of internet‚ which will give him competitive advantage. | 0.02 | 2 | 0.04 | 4. | After Acquiring YouTube; it can start new
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Legal and financial effects of the merger. In recent years‚ Wells Fargo and its subsidiaries have had a plethora of legal issues. These issues grew for the first three years after the merger. During the years 2009 thru 2015‚ Wells Fargo has had to participate and defended a plethora of legal issues that were filed against them or their subsidiaries. Throughout these years Wells Fargo was involved in a total of 28 different legal issues. Many of the lawsuits main contributor were Wachovia. These
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Communication and Decision Making Wells Fargo Asks Court to Force Customers to Arbitration in Face Accounts Cases The New York Times article by Reuters‚ reported that Wells Fargo‚ who ranks as one of the third largest banks in America is in hot water once again for scandalous misrepresentation of terms and policy arbitrations concerning insider fake bank accounts that were created by previous Wells Fargo employees that were recently fired. The problems exist within the written rules of the documents
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(Weldon‚ J.‚ 2013); rigging the foreign-exchange market (WATSON‚ J.‚ 2015); and much more. Wells Fargo was the winner of the crisis because it focus on retail and small & micro business loan. Its
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program (McDermid‚ 2017‚ p1). John Stumpf was removed from office and a new executive‚ Tim Sloan replaced him. This was a smart move for Wells Fargo because many people do not trust someone of known misconduct holding a position of authority (Wells Fargo Forms New Stakeholder Relations Group‚ 2017‚ p.1) Although immediate action did not occur in the past‚ Wells Fargo did replace Stumpf with Sloan and has made plans to take immediate appropriate/fair disciplinary actions against direct/indirect offenders
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Wells Fargo‚ Samsung and Volkswagen all were hit with major problems within the company and because they all were well-known companies this had a major effect on them. Which question their ability to withhold their brand standards as before back in their loyal customers and potential customers? Well Fargo came across as an ethical issue‚ which is under one of three ethical concerns related with employers: cheating‚ misuse of company resources and inappropriate relationships with other employees and
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