The case reveals the challenges faced by a traditional Swiss wealth management firm, Julius Baer, which is trying to modernize amidst the industry transforming changes in regulation and technology. At the same time, the bank needs to integrate the myriad of acquired cultures and address a sudden change in the top leadership. To achieve this, one of the directions initiated by the bank was to focus on empowering the middle-level management to enable them to operate more independently from senior management, decentralize decision-making and promote collaboration at all layers of the organization. To boost this initiative the bank introduced a customised firmwide training program for selected employees to develop their in-depth understanding of the leadership culture and learn other aspects to drive their teams’ performance. This case explores the experiences of three middle managers, with varied functions, years of experience and career trajectories who were asked to lead larger teams under this new style of organization.
Your top talent should come from different disciplines with different experiences to more effectively analyze the strategic environment. Use the IPO model below to see how it can be done.
Culture eats strategy for breakfast is one of the most enduring truisms of management. But is it really the case? And what is culture anyway?
Many employees are still typecast and denied the chance to show their true capabilities. Here are ways that companies can combat a culture of bias.
Employees with cognitive differences have much to offer, but navigating the workplace can be challenging. How can employers create an inclusive environment?
Employee engagement is crucial for retaining talent, and having an inspiring vision can help build loyalty. So how can businesses create and realize a compelling vision?
Skills are becoming obsolescent faster than ever, and potential leaders get little time to achieve mastery. So, how important is experience for career success?
Focusing on cultivating social connections, particularly in-office friendships, can help companies build a culture of trust, belonging, and community – ultimately boosting employee creativity, collaboration, and performance.
Reimagining how we think about skills and untapped sources of talent will help to avoid a dystopian future of work.
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications
Research Information & Knowledge Hub for additional information on IMD publications