The Case of Chase Manhattan Bank Essay

Words: 1516
Pages: 7
Open Document
The case of Chase Manhattan Bank

Scope of the project

The scope of reengineering includes process improvement, process reengineering, business reengineering and transformation. The case of Chase Manhattan Bank belongs to the process reengineering, not process improvement or quick hits. In Chase Manhattan Bank, reengineering requires not only the rethinking of the business process but a concurrent examination and redesign of the information technologies and organization that support these processes. The Scope also includes entire business enterprise, entire delivery system, one functional process and single sub-process crossing many functions. Chase Manhattan Bank is a financial institution and its focus is on service process and …show more content…
Strategies (Implementation strategy and other strategies)

When Chase intends to establish the business process reengineering, Chase engaged IBM to assist in developing the strategies. IBM customized a methodology for Chase to accomplish its BPR. The methodology has four phases: energize, focus, invent and launch. Different phases have different strategies to achieve the objectives in Chase Manhattan Bank. In order to manage incremental changes, the strategies must provide the overall roadmap for the changes that provide the stepwise progression of the implementation plans.

Implementation strategy (Energize, Focus, Invent and Launch)

Energize

The objective of the first phase is to provide the motivation for action and vision necessary to make change possible. To obtain the objective, Chase improved its strategies. To achieve the motivation, the Chase established the framework with four plans: a persuasive plan with high level document that is from the leadership commitment and explain why reengineering is necessary, a project organization and teams establishment plan, an overall project plan and a communication plan. This phase provide the value and beliefs to the employees and make them have the consensus.

Focus

Before the reengineering team can proceed to redesign the process, they should understand the existing process. The main objective of the focus phase is to identify
Show More

Related Documents: The Case of Chase Manhattan Bank Essay

Social: Acquisitions Jpmorgan Chase Essay

Case: JPMorgan Chase: Chasing Growth Through Mergers and Acquisitions JPMorgan Chase is a leading global financial services firm that provides broad-range investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity services. As of 2009, JPMorgan Chase operates in more than 60 countries with more than 200,000 employees. JPMorgan Chase serves millions of U.S. consumers and many of the world’s…

Words 565 - Pages 3

Bernard Madoff Essay

never knew he was robbing Peter to pay Paul. He solicited billions of dollars under false pretenses and failed to invest investor’s funds as promised. Instead he deposited investors’ funds in a bank account at Chase Manhattan Bank. In order to conceal the fraud Madoff had to move funds from Chase Manhattan accounts to his business account. This man managed to conceal this crime for 48 years, investigated twice by the SEC in 1999 & 2000 for concerns that the firm was hiding its customer’s orders from…

Words 1869 - Pages 8

Industry: Bank and Financial Services Essay

The industry that I choose to write about is banking. In united state you have five big banks, JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and Goldman Sachs each one of them are very successful. I heard few times that this industry have a stigma of being quiet old and “boring” therefore, a global trend of deregulation decided to open up new businesses to the banks. Add-on to that, improving technological development such as Internet banking and ATM’S, can prove that banking industry is…

Words 2251 - Pages 10

Online Banking Essay

universities, communicate with users around the world, purchase goods and services online, and yes, you can bank and pay your bills online. This new technology has enabled us to make payments, maintain a checking/debit card account, balance transfers, all via the web. You can maintain your entire financial portfolio through online banks that provide this feature. There are online banks that can provide interactivity between popular financial management software programs, such as Quicken and Microsoft…

Words 2733 - Pages 11

The Rcokefellers Essay

the pivotal female figure Abby Aldrich Rockefeller, wife of Junior – in all cases they received allowances only and were never given even partial responsibility for the family fortune.[18] Much of the wealth has been locked up in the notable family trust of 1934 (which holds the bulk of the fortune and matures on the death of the fourth generation), and the trust of 1952, both administered by the Chase Manhattan Bank. These trusts have consisted of shares in the successor companies to Standard…

Words 1113 - Pages 5

Financial Structure and International Debt Essay

Chapter 14 Financial Structure and International Debt ( Questions 1. Objective. What, in simple wording, is the objective sought by finding an optimal capital structure? When taxes and bankruptcy costs are considered, a firm has an optimal financial structure determined by that particular mix of debt and equity that minimizes the firm’s cost of capital for a given level of business risk. If the business risk of new projects differs from the risk of existing projects, the optimal mix…

Words 3484 - Pages 14

Essay Marvel Entertainment Group

exchange for 427 million newly issued shares. Carl Icahn, one of the main bondholders, did not support this plan. On March 7, 1997, a confirmation hearing was scheduled at which both parties would vote on the proposed reorganization plan. In this case study, we will first look at why Marvel filed for bankruptcy. Then we will evaluate the proposed restructuring plan and explain why it will not be supported by Carl Icahn. Moreover, we will explain why it will be more difficult for Perelman and his…

Words 2909 - Pages 12

Essay on Strategic Financial Management

These inventory purchases "required Kmart to borrow heavily against its $1.565 billion credit facility….Kmart's reliance on its credit facility would peak near the end of October, before holiday season sales enabled the company to begin paying down its bank debt" (Securities and Exchange Commission, 2001, p.4). Long-Term and Short-term Strategies Short-term investment decisions, referred to as working capital management, involve the balance of current assets and liabilities by managing cash, inventories…

Words 5829 - Pages 24

Goldman Sachs Group: Global Banking Institutions And Issues

Inc. Based on the report, we went deep into Goldman Sachs’s history, products and services, talked about the financial and physical strength, and analysed the performance of the bank within last a few years as well as the future expectation of the bank. Finally we identified the influence of the sub-prime crisis to this bank and its…

Words 6606 - Pages 27

Technical Data Corporation Essay

(1965), Master of Engineering (1966) and MBA (1969) degrees from Cornell University. After receiving his MBA, Parker had been employed in a number of positions in the investment industry. From 1969 to 1971, he worked for Smith Barney is m This case was prepared as a basis for class discussion rather than to illustrate either effective or ineffective handling of an administrative situation. Copyright © 1983 by the President and Fellows of Harvard College. All rights reserved. No part of this publication…

Words 7904 - Pages 32