From our previous analysis we concluded that It was the wisest choice to promote Parson. However it is obvious that this sensitive case may bring some problems in the near future. In the first place we have to analyze again who Parson is‚ the type of person he is and his personality. Then we have to agree on the path the company wish to take concerning it’s culture and it’s system of values. Parson is a type C personality‚ he is highly active and efficient‚ but lacks some belonging feelings
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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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Rob Parson The problem with Rob’s promotion is a recurring one‚ especially in professional services firms and it refers to performance evaluation and more broadly to talent management. Should a person that substantially exceeds expectations in certain skills but significantly lacks other skills‚ be promoted by virtue of the fact that the first can somehow off-set the latter? There is no doubt that Rob is a star in his position at Morgan Stanley. Businesswise‚ he has a proven track record and
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CASE STUDY – ROB PARSON AT MORGAN STANLEY At Morgan Stanley‚ an investment bank‚ its mission or vision statement clearly defines what it values as an organization- “exceptional performance‚ absolute integrity‚ teamwork‚ innovation‚ dignity and respect towards others” Evaluation summary : Strengths Development areas Comments / views Strengths Excellent selling Highly Aggressive Professional drive Perseverance Resourcefulness Knowledge of Markets High on initiative
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Case - Rob Parson at Morgan Stanley Q 1. What is your assessment of Parson’s performance? Should Parson be promoted? Parson equipped with ten years of work experience and networking skills was skeptical when he first got the invitation to join Morgan Stanley. He felt that he did not fit into the typical crowd. Our assessment of his strengths and weaknesses as mentioned in the table below. STRENGHTS WEAKNESSES Strong selling skills Lacks team player abilities Excellent networking capabilities
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CASE STUDY Rob Parson at Morgan Stanley (A) 1. Background Morgan Stanley (MS) a leading U.S. investment bank since its inception in 1935‚ was in the midst of an organizational renewal. Our goal is to be the world’s best investment bank and the Firm of choice for clients‚ people‚ our shareholders. People: Source of competitive advantage Environment: foster teamwork‚ innovation‚ effectively co-ordinate work across the firm. Capital Markets Services Division (CMS) serve as a link between the
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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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Rob Parson’s Promotion Paul Nasr made the right decision recruited Rob Parson‚ due to his character for being energetic and he has great entrepreneurship. Not only that‚ Rob Parson is the right person that is able to catalyst and help Morgan Stanley’s future business performance. Rob Parson is able to deliver and satisfy clients demand in excellent manner‚ resulting he has generated major business deal for the firm. Clients love him; they always look forward to appoint him for dinner whenever they
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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 from a competitor two years ago and had
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Enterprise Services 17 Conclusion 18 References¬ 19 MORGAN STANLEY: SERVICES MARKETING ”Morgan Stanley is a leading global financial services firm providing a wide range of investment banking‚ securities‚ investment management and wealth management services. The Firm’s employees serve clients worldwide including corporations‚ governments‚ institutions and individuals from more than 600 offices in 33 countries.” (Anonymous‚ 2007) Morgan Stanley is known world-wide and has been growing tremendously
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