the Balance of High-performance and High-value Rob Parson‚ a young banker with strong relationships with the important players and a proven track record in the financial services‚ made significant gains in building Morgan Stanley’s reputation and revenues in the financial services sector (“Rob Parson‚” pp. 90‚ 93). He has thorough marketing and product knowledge‚ approaches and works with clients brilliantly‚ and pursues the business aggressively and successfully (“Rob Parson‚” pp. 95‚ 96‚ 97).
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Case Analysis: Rob Parson at Morgan Stanley (A) 1. Evaluate the effectiveness of the Morgan Stanley performance assessment and management system. The primary source of performance assessment at the firm is a multi-source 360 degree feedback tool. The secondary source is an employee’s self assessment. There are a number of issues as to why the primary tool is not effective in truly assessing the performance of an employee at Morgan Stanley. The first issue surrounds the reliability of
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Rob Parson at Morgan Stanley Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations‚ governments‚ financial institutions‚ and individuals. Morgan Stanley also operates in 36 countries around the world‚ with over 600 offices and a workforce of over 60‚000. Paul Nasr‚ as senior managing director in Morgan Stanley thought the performance evaluation data for his brilliant producer‚ Rob Parson. Parson was a strong revenue producer
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Paul Nasr‚ a senior MD in Capital Market Services at Morgan Stanley (hereafter referred to as MS) is facing the challenging question of how to effectively handle Parson’s annual performance review without creating a vacancy in an irreplaceable area that was difficult to perform and had seen a tremendous amount of turnover at MS. Nasr had the fear of losing Parson‚ his valuable employee and a star producer if he was not promoted to Managing Director as promised by Nasr during his hiring. Rob Parson
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analysis addressing the insights for important management issues associated with performance appraisal and performance management in the Capital Market Services of Morgan Stanley. The analysis will be focused on identifying the major problems‚ analyzing the situations‚ and making feasible and thorough recommendations for the board of Morgan Stanley to improve the existing situations. 2. Problem Statements. Rob Parson was a star producer in the Capital Market Services Department who had been recruited
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Management of People at Work Rob Parson Case Study 1 Case Overview The internal environment at Morgan Stanley was one of teamwork‚ employee development‚ dignity and respect. Morgan Stanley had developed a way of building consensus rather that individualism. Rob Parson was thrust into this environment – not sure of what was expected of him and with only one objective in mind – improving the performance of the Capital Markets division. He went about doing this ruthlessly without much care about
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which Parsons is up for a new promotion. The student has to discover if he should be eligible or if he should be looked over. He is a do it kind of guy and does not follow the chain of command. However‚ it is this innititive that I admired. He did not graduate from Harvard and does not act as properly as others from these types of elite schools. Should this be frowned upon or admired due to his ability to take risks. What do you think‚ should he get it or not? Read to see what I thought. Rob Parson
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Rob Parson at Morgan Stanley 1.360º Performance Evaluation System Overview 360 º performance evaluation system is a multi source feedback model for evaluating the performance of the employees within a company. The main purpose of this system is to develop the employees‚ not to use it for the administrative purposes as promotion‚ firing‚ and compensation package. The feedback is received from the direct manager‚ customers‚ peers and subordinates. Also‚ the self-evaluation of the employee is taken
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Apple Inc. 1. How has Apple performed in the PC industry? What is your evaluation of its performance in the PC business? Apple‚ like many successful companies‚ has gone through the business lifecycle multiple times. Apple went from introduction in Steve Job’s garage to a steep decline into near bankruptcy. The have most recently rode a new wave of growth and are now sitting in a mature stage as the most one of the most highly valued publicly traded companies. Apple has continued to be a laggard
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Table of contents Executive summary 1. Introduction 2. Evaluation of ethical performance 3. Evaluation of financial issue – profitability 4. Recommendation References Executive summary For the purpose‚ this report is for a client who has interested in Telstra and wants to have an ethical investment. And this report will do the evaluation of ethical performance and financial performance (profitability). Telstra as the largest media company do not storing safety customers’
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