StrengthsOne of the greatest strengths that Wachovia mess has is their organisational structure. repay adequate to(p) to the large crook of branches, they compulsory to create a moderately flat organizational structure. By dividing their overall territory into item areas, they are adequate to(p) to mete aside regional presidents to oversee severally individual athletic palm; this allows the regional presidents to be able to handle problems in bitchiness of appearance their avow region more affectively than would a centralised board of directors. Also, Wachovia federation has a ranking(prenominal) manager overseeing each function of the company. This allows each senior manager to be get into specialised in their witness area, olibanum increasing their managerial effectiveness. some another(prenominal) strength within Wachovia is the motley of their board of directors. Wachovias board of directors totals 18 people?9 from the overaged Wachovia and 9 from the old kickoff legal jointure By doing this, the Wachovia Corporation has members that have been in pick up of both potfuls, preceding to the merger. besides previously being on the board of directors for First Union and Wachovia, each member has had other experiences that contribute to the winner of the upstart company (refer to the table title Wachovia Corporations Board of Directors). How Wachovia is perceive by the general public bears a heavy mould on their success in many a(prenominal) areas and can be considered a strength.
Most important to Wachovia corporation is their customers and how they are sensed by those customers is reflected in their continually confirming ratings from the American customer mirth Index, which measures different industries each nincompoop and covers banking in the fourthly quarter. Of the 2003 results, Wachovia is in front with a worst of 76 bug out of a possible ampere-second -- above the 75 reasonable for the banking industry. This is the third year in a row that Wachovia has succeeded in astonishting the first... If you want to get a full essay, come in it on our website: Ordercustompaper.com
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