Free Essay

Rob Parson

In: Business and Management

Submitted By HNH11
Words 266
Pages 2
Situation Analysis:
This is a case of a young banker by the name Rob Parson who had just joined Morgan Stanley. Parson who was a managing director of a small firm is having difficulty adjusting to the culture of a large financial firm like Morgan Stanley.
Key Issues Analysis:
1) Adopting the Company Culture: Rob Parson who is new to Morgan Stanley was unable to adapt to the firm’s culture which fosters integrity, teamwork, innovation, dignity and respect. Despite being one the firm’s division’s star performers and an outstanding producer, Parson was seen as sharp-tongued, impatient and often difficult to work with. His team player skills’ rating was low. He was perceived as occasionally aggressive, temperamental, lacked respect and possesses traits that did not fit the profile of a Morgan Stanley’s managing director.
2) 360 Degree Performance Evaluation: No doubt the 360 degrees evaluation is a valuable tool to help employees improve their performance however due to its limitations it may not be as effective when it comes to decide on employees’ promotion. Morgan Stanley’s 360 degree performance evaluation did not include clients’ valuation, developmental opportunities such as coaching and training. Furthermore, there were no performance standards that measured the individual in comparison to the performance of the group and it failed to take into consideration job functions, performance standards and departmental goals.
Recommendation:
Rob Parson may not be ready to be immediately promoted to a managing director’s position, but he does have the potential when groomed and coached correctly. The recommendation is to eventually promote Rob Parson providing the following steps are implemented.

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