Bank of America

Assignment # 1

Cheryl S. Ashley

Dr. Tonya D. Moore

HRM 532 – Talent Management

October, 25, 2015

Introduction

Bank of America is a national financial institution. The bank has made great strides and has grown considerably over the last twenty years. It was started in a small region in North Carolina, and was named North Carolina National Bank. It is one of the largest financial companies in the world. Bank of America is a multi-cultural industry. Not only does the bank serve individuals in the community, but spans in many other areas such as, small as well as large businesses. Some other attributes of the institution are, investing, financial risk management, asset management, plus other products and services.

After the acquisition of Merrill Lynch, in January of 2009, they are among the world’s leading wealth management companies. Bank of America is a global leader in investment banking and trade across a large range of asset classes that also serve corporations, governments, institutions and other individuals around the globe. Bank of America operates in more than 150 countries. Criteria # 1

way Bank of America Talent Management Success Program as noted by Goldsmith, et al (2010) is outlined below

A. Success

1. Executive on boarding programs

2. Multi-Phase Approach

a. Comprehensive feedback

b. Coaching mechanism

c. Pre-empting leadership failures

d. Accelerating knowledge and relationships for an executive role

B. Leadership Dilemma

1. Expectations are high for incoming executives

2. Must master the demanding roles

3. The probability of derailment is high for the incoming executive

C. Price of leadership failures

A. Costly for an organization

a. Direct cost for job development

b. Severance and Recruitment

c....