Current Organization and Current Issues

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  • Topic: JPMorgan Chase, J. P. Morgan, Management
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  • Published : November 4, 2012
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Running Head: Current Organization and Current Issues

Current Organization and Current Issues

MGT 308: Organizational Theory and Behavior
Dr. Michael G. Brizek
Summer II 2012

Table of Contents
Abstract…………………………………………………………………………………………3 History of the Firm………………………………………………………………………………..4 Corporate Culture…………………………………………………………………………………4 JP Morgan Culture…………………………………………………………………...……5 Transformational Leadership……………………………………………………………….….….7

Developing the vision……………………………………………………………….….…7

Finding the way forwards…………………………………………………………………8 Leading the charge……………………………………………………………….………..9

Current Issues………………………………………………………………………………….…10 Ethics Issues……………………………………………………………………………...10 Sustainability Issues ……………………………………………………………………..11 Fixing the Issue…………………………………………………………………………..11 Societal Issue…………………………………………………………………….12 Culture & Mission alignment ………………………………………………………………...….12 Summation……………………………………………………………………………………….13 References……………………………………………………………………………………......14

Abstract
As a business student there comes a time where you will have to cover a topic related to organizational behavior. This will incorporate a current organization, current issues and how the company will face issues within the industry. With this in mind, I decided to do my term paper on a current, but very relative company which we have all heard a lot about, JP Morgan and Chase. JP Morgan and Chase has been in the news a lot lately for many different issues that have been taking place over the last couple years. In this paper, I will cover the current culture of JP Morgan’s leadership and management style and how they manage their employees on a daily basis. The current issue is the problem with organization. The question in most minds is how does JP Morgan organization’s react to these issues and how are they managing it. Is their management style the issue in alignment with their overall culture and mission? What are the current outcomes and the results of their management actions in regards to their issues? After answering these questions, I will then give my summation on JP Morgan and whether they are taking the right approach with their handling of issues and what could they do differently in order to improve their situation.

History of the Firm
JPMorgan Chase & Co., I have found to be one of the oldest, but largest and well known financial institutions in the world. The firm can be dated all back to 1799 and was also chartered in New York City. The firm has been known to be the foundation for more than 1200 predecessor institutions. JP Morgan has been helping people to do first class business in a first way for over 200 years. The firm has showed that they are able to provide leadership during a financial crisis. The firm continues to contribute to business, society and world affairs through actions of wanted to be the best.

Corporate Culture
Corporate culture is a term used to describe the collective beliefs, value systems, and processes that provide a company with its own unique flavor and attitude. Businesses of all sizes posses some type of corporate culture, where every company has a set of values and goals that help to define what the business is all about. Here are some examples of elements that go into creating and defining a corporate culture. To really understand culture, we have to get to the deepest level, the level of assumptions and beliefs. Schein contends that underlying assumptions grow out of values, until they become taken for granted and drop out of awareness. As the definition above states, and as the cartoon illustrates, people may be unaware of or unable to articulate the beliefs and assumptions forming their deepest level of culture.

JP Morgan Culture
JP Morgan current culture is a environment where there goals is to reach their goals of being the best financial services firm in the world, JP Morgan is committed to creating an open,...
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