How Does Bank Of America Use Group Intervention
ORGANISATION STRUCTURE:-
Bank of America Corporation (NYSE: BAC) is a financial services company, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average.
As of 2010, Bank of America is the 5th largest company in the United States by total revenue,[11] as well as the second largest non-oil company in the U.S. (after Wal-Mart). In 2010, Forbes listed Bank of America as …show more content…
This type of intervention is aimed at increasing the effectiveness of work groups, and includes focus groups (2006). Group interventions provide an efficient complement to more prevalent individual and consultative approaches (1993). Through group interventions such as focus groups, group discussions and other group activities, the organization would be able to practice facilitating communication that is more effective, cooperation, and coordination among the members of a specific group, and reduction of conflicts. Group interventions are interrelated to another type of method in Organizational Development, which include Intergroup Interventions. If group interventions focus on the communication and conflict management within a specific group, Intergroup interventions focus on facilitating effective communication and conflict management among different groups. The last method or intervention that can be used is the Organizational Interventions, which uses system-wide interventions, using predominantly survey feedback and structural intervention …show more content…
That is the reason why there are different strategies and plans that are being implemented by different companies in order to make sure productivity. The management of people is considered as one of the most vital and challenging areas of business management and most of the organization believe that it is taken very seriously (Gennard & Judge 2005, p. 41).
Employee relations consists of all the important areas of human resource management or HRM that involve the general relationship with the employees, in the course of collective agreement where in the trade unions are recognized, and/or through generally applied policies for the involvement and communications of the employee (Armstrong 2000, p. 242).
Different employee relations strategies defines the entire intensions of the organization regarding what needs to be done and what are the needs to be changed in the ways in which the organization will enable to manages their relationship and communications with the employees as well as their respective trade unions. Unlike the HR strategy, the employee relations strategies focus from the business strategy and also aim to
Bank of America Corporation (NYSE: BAC) is a financial services company, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average.
As of 2010, Bank of America is the 5th largest company in the United States by total revenue,[11] as well as the second largest non-oil company in the U.S. (after Wal-Mart). In 2010, Forbes listed Bank of America as …show more content…
This type of intervention is aimed at increasing the effectiveness of work groups, and includes focus groups (2006). Group interventions provide an efficient complement to more prevalent individual and consultative approaches (1993). Through group interventions such as focus groups, group discussions and other group activities, the organization would be able to practice facilitating communication that is more effective, cooperation, and coordination among the members of a specific group, and reduction of conflicts. Group interventions are interrelated to another type of method in Organizational Development, which include Intergroup Interventions. If group interventions focus on the communication and conflict management within a specific group, Intergroup interventions focus on facilitating effective communication and conflict management among different groups. The last method or intervention that can be used is the Organizational Interventions, which uses system-wide interventions, using predominantly survey feedback and structural intervention …show more content…
That is the reason why there are different strategies and plans that are being implemented by different companies in order to make sure productivity. The management of people is considered as one of the most vital and challenging areas of business management and most of the organization believe that it is taken very seriously (Gennard & Judge 2005, p. 41).
Employee relations consists of all the important areas of human resource management or HRM that involve the general relationship with the employees, in the course of collective agreement where in the trade unions are recognized, and/or through generally applied policies for the involvement and communications of the employee (Armstrong 2000, p. 242).
Different employee relations strategies defines the entire intensions of the organization regarding what needs to be done and what are the needs to be changed in the ways in which the organization will enable to manages their relationship and communications with the employees as well as their respective trade unions. Unlike the HR strategy, the employee relations strategies focus from the business strategy and also aim to