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 - 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 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 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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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). However‚ from the
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Rob Parson ’s performance assessment The performance assessment of Rob Parson should be separated into two parts‚ the external performance and internal performance. It will start by having an evaluation on Rob Parson’s current on job performance. The first part will focus on Rob Parson’s contribution to the company profit this year‚ which gives an overview of his general performance in fulfill his job requirement in Morgan Stanley. Then for internal ‚ we would like to measure Parson internally
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president John Mack and his executive team. President Mack was looking for people to “shake up the culture.” With heavy resistance‚ he recruited Paul Nasr to be the Senior Managing Director in Capital Market Services. Paul was a highly regarded banker with over twenty years of experience. He knew that one of Morgan Stanley’s weak areas was Capital Market Services‚ an area where he had been successful in the past. Paul also knew that it would take more than a traditional corporate banker to penetrate this
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Leadship:enhancing the lessons of experience Rob Parson at Morgan Stanley (A) Contents Rob Parson at Morgan Stanley (A) 1 Contents 2 Provide a background of the case 3 Should Rob Parson be promoted? 3 Exhibit 3. 4 Conduct the performance appraisal conversation 5 Background Under the leadership of John Mack‚Morgan Stanley was transforming itself into a "One-Firm Firm."They’re very value their employee.They treating each other with dignity and respect.ohn Mack recruit Paul Nasr to
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Rob Parson at Morgan Stanley (“MS”) Executive summary Paul Nasr is a senior managing director (“MD) at MS in the Capital Markets (funding) area. He has 20 yrs of experience and was hired by Mack (the new boss at MS) to lead the Capital Markets (“CM”) area. Capital Markets is the link between Sales & Trading and the Investment Banking Division (“IBD”) and their main function is to raise funds. Sales &Trading area sale the products that Capital markets originate. Investment Banking and CM are interrelated
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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 generated substantial revenues since joining the firm. I would like to address more specific and surface problems for this situation as follows: 2.1 Problem 1 -Rob Parson’s Performing Issues. Parson’s success at generating business was offset by performance reviews
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