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Essay

Inverlat Case

Essay specific features

 

Issue:

Social Issues

 

Written by:

Brian W

 

Date added:

April 17, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1776

 

Was viewed:

9682 times

 

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Essay content:

Managerial power was concentrated at each region and employees considered their regional power more important than the organizational good. Some Inverlat managers thought that the bank had no clear strategy and no leadership. In fact, the eight regions developed such a level of autonomy that managers commonly referred to Inverlat not as a bank, but as eight small banks...
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There was a general sense among the employees of the bank that if things continued under government control that they would become government bureaucrats, so they viewed the Bank of Nova Scotia (BNS) as a savior that would help to turn things around by bringing money, technology and expertise. However, once the Inverlat deal between the Mexican government and BNS was completed, the general euphoria that existed among the Mexican employees was eventually replaced by the fear of actions that the Canadians were likely to take when they assumed their management role at Inverlat...
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