This website uses cookies to ensure you have the best experience. Learn more

Hbs Case Innovation And Collaboration At Merrill Lynch

2130 words - 9 pages

In a rapidly changing world, organizations need to continually identify new opportunities beyond existing competencies if they are to survive and prosper. Customers also increasingly want customized products. Customer service has become a hygiene factor and customer loyalty is now being driven by faster innovation, rapid concept-to-market and product co-creation. This has led to the extension of the collaboration paradigm to customer facing functions in the supply chain, namely the product design and prototyping phase. Collaboration is becoming a new and important source of competitive advantage.Historically, analysts in the investment bank tended to work independently. Especially, in the ...view middle of the document...

The second Capital-Structure report about U.S. Utilities covered 5 companies. This time, it seemed like there were clear goals; "The idea from get-go was that people would be able to pick up this thing and start generating trades from it. That was goal number one. The second goal was to have the report sitting on people's desks for a good period of time as a reference guide to how different parts of the capital structure impacted each other and affected valuations and potential opportunities" In addition, the participants in this project worked pretty closely together already. However, these were not enough for the effective collaboration. They were still not motivated to the project a lot, and the more commitment might have been called for. This means that they still didn't have specific goal to head for. Absence of specific goal naturally brought lots of debates which slow the progress. When the team finished the project, the report got a lot of positive feedback from clients. And it seems that Merrill Lynch met its goal in the beginning. However, without the specific goal of what they should achieve, and with the lots of information they should mix all together, "it was a grinding exercise" to reach on the final result.The Third Capital-Structure Report was about auto companies. At this time U.S. specialists and Europe specialists worked together. Analysts did not need much convincing because they already knew the need for this collaborative work. There were lots of energy and enthusiasm already. In addition, this third project started with a plan; they knew what they want to achieve specifically and they also had the clear deadline. The whole procedure was progressed very smoothly from this step to the next. As a result, Sales heard from a client that "the value-added ideas contained in the report are original, differentiate Merrill from the rest of the Street, and give them another reason to pay Merrill commissions."Even though Merrill Lynch learned lots of things undergoing the upper three cases, there still are many issues remained. The project might have been more timely and had a clear leader. To achieve the further successful innovation and collaboration, there are many important things Browning as the director of the research department should have thought about.As a leader for change, Browning should set the theme by communicating inspiring visions, which provide a picture of the future combining poetry and prose, imagination and pragmatism, drawing on destination, dream, prize, target, message, and first step. So, first, as a leader Browing must be secure about team's charter, mission, goals and objectives to team members. And employees must believe a certain level of individual effort will lead to achieving the corporation's standards of performance. So Browing should set stretch goals which they energize people. And Browing must confront the key questions that must be answered and then communicate the inherent truth that inspires....

Other Essays On HBS Case Innovation And Collaboration At Merrill Lynch

Applied Research Essay

5284 words - 22 pages perceptions of project performance during each panel of data collection and to assess performance regardless of whether or not the project was completed by the end of the two years. To tap the multifaceted nature of performance, we studied project innovation and efficiency. The resulting measures are similar to those used in survey research (e.g., Souder, Sherman, & Davies Cooper, 2002, 520-33) and to conceptualizations posed by case studies (e.g

Black Water Rafting, Internal And External Environment. Strategic Management

8971 words - 36 pages accounting and information system and environmental control.The Organisational Structure is hierarchical because it has 2 managers (owners), but at the same time the structure encourages collaboration and is informal in the wake of the close relationship between managers and staff, and also the managers do the staff´s duties.Power Structures. The managers and founders are Peter Chandler and John Ash, who share the power. There are also three

Organizationl Structure

2497 words - 10 pages organizations (Digital Equipment Corp, K-Mart, and Merrill Lynch) that failed to properly implement their IT developmental strategies and faltered in the face of their competition. In today's markets, technology, when implemented correctly within an organizational structure, can lead to many successful opportunities and growth.Organizational StrategyWhen establishing an organizational structure, it is important that managers understand and

Executive Summary of I-Foundation

741 words - 3 pages which case, innovative technology has become the greatest target that Apple company need to deal with.I-Foundation, aiming at researching and developing new techniques by the cultivation of innovative talents,is established to revitalize Apple's stagnated innovation,thereby enables Apple to stand out from its competitors. I-Foundation mainly consists of three components. The first one is providing scholarships for undergraduates who

Executive Summary of I-Foundation

741 words - 3 pages which case, innovative technology has become the greatest target that Apple company need to deal with.I-Foundation, aiming at researching and developing new techniques by the cultivation of innovative talents,is established to revitalize Apple's stagnated innovation,thereby enables Apple to stand out from its competitors. I-Foundation mainly consists of three components. The first one is providing scholarships for undergraduates who

Term Paper For Into To Criminal Justice

1804 words - 8 pages at him. Judge Horton urged the young college graduate to testify. Lynch had denied stating that to do so would ruin his career.Haywood Patterson had again been brought before a judge for a fourth trial, and again he was convicted of rape, he didn't get the death penalty he had gotten a 75 year sentence instead. Only because a Methodist was in the jury box, other wise he may have gotten the death penalty.Ozie Powell, while being transported for

The Danger Of Not Aligning The Three Domains In Change

3807 words - 16 pages of formal organization and work, the "software" axis consisting of people and informal organization. Hereunder case analysis examines how soft part missing and neglecting group culture dynamics affected the change program.In the change process, particularly for revolutionary change, Lewin defined three steps of changing behavior: Unfreezing, Moving and Refreezing. At Unfreezing stage, long-established equilibrium is disturbed, awareness of

Strategic Leadership

3463 words - 14 pages credit markets. During 2007 and 2008, there are over 100 mortgage lenders went bankrupt. The crisis hit its peak in September and October 2008. 'Several major institutions failed, were acquired under duress, or were subject to government takeover'. These included Lehman Brothers, Fannie Mae, Merrill Lynch, Freddie Mac, Wachovia, Washington Mutual, and AIG (Anonymous 2010B).All over the world, the stocks markets have dropped as a result of the credit


4881 words - 20 pages Learning and Literacy (NY: Palgrave, 2004), James Paul Gee argues that interactive media (in this case, video games) allow for much deeper understanding of characterization than the old dynamic of identification because they better mimic the mutlilayered information fields our students walk through everyday. In addition, digital texts help promote a broader literacy; the old print literacy is necessary but not adequate for the complex semiotic

Locate, Read, And Review The Following Article: Miller, Toyah And Del Carmen Triana, Maria. 2009. Demographic Diversity In The Boardroom: Mediators Of The Board Diversity–Firm Performance...

1373 words - 6 pages IntroductionThe article we have in hand takes a look at the relationship between board diversity and a firm's performance. Different than other studies, it explores "mediators that explain how board diversity is related to the firm's performance". The core idea is twofold: first, the authors explore how much board diversity, whether racial, gender or both, is related to the firm's performance. They start by disclosing statistics reflecting the

Human Evolution

3072 words - 13 pages and shape of the brain found in fossils. These are the first of our ancestors that used stone tools. These stone tools were the adaptation that fueled their kind. The stone tools at the time and great intelligence were what allowed them to obtain food. When scavenging for food, they would take a completely cleaned animal carcass and using their simple stone sledges, smash open bones and eat the protein rich marrow from within. They would also use

Similar Papers

Automation And Collaboration Software At Image Stream

1161 words - 5 pages Automation and Collaboration Software at ImageStreamToday's companies use office automation software to simplify daily tasks and assist with group collaboration. Central schedules, PC-to-PC video and teleconferences, e-mail software, fax machines and scanners, office servers and similar tools are commonplace in today's businesses. This paper highlights how ImageStream uses a few of these key automation and collaboration systems.Office

Risk Management Essay

5224 words - 21 pages plant and equipment resale values and a small book of real-estate loans to clients is secured by real estate and other investments pledged to Merrill Lynch. A couple of exceptions fell foul of these strict rules but the clients in question were very well known to the highest echelons of senior management. The asset management business at Merrill Lynch was essentially built on the ability to sell US mutual funds through the 15,000 brokers. Since

Research Of Investment Banks Essay

8984 words - 36 pages future depending on how one looks at events. It definitely can be more objective.Giving advice on television, Merrill Lynch & Co already separates its analysts pay and supervision from its banking units. " Information also wants to be expensive…because it can be immediately valuable to the recipient".BIBLIOGRAPHY 1. Agnes, Michael, ed. Webster's New World College Dictionary, 4th Edition, USA: Macmillan, 1999 2. Melicher, Ronld and Edgar

Henry Tam And Mgi Team Essay

1643 words - 7 pages the confusion of the team.2. The ultimate composition of team has taken a shape that hints at the fact that members have been selected to "decrease the risk factor" and at "who ever is available" criteria. The only selectivity that the team depicted was in case og "Hanry" and Dana.3. The team formation somehow gives the impression that first the members are selected and then work/role is devised for them. This would infact have been the other way