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    Ross Abernathy and The Frontier National Bank

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    Mc Praxis
    - The Frontier National Bank is an old, large, and profitable bank but its position has slipped in the 1980s. - The current CEO is retiring and proposed Ross Abernathy as the new CEO. - Abernathy led a bank in Chicago successfully but is concerned about the team at Frontier being too old and unenthusiastic to achieve the needed changes.

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    Ross Abernathy and The Frontier National Bank

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    Mc Praxis
    174 views9 pages
    - The Frontier National Bank is an old, large, and profitable bank but its position has slipped in the 1980s. - The current CEO is retiring and proposed Ross Abernathy as the new CEO. - Abernathy led a bank in Chicago successfully but is concerned about the team at Frontier being too old and unenthusiastic to achieve the needed changes.

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    Ross Abernathy FNB

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    - The Frontier National Bank is an old, large, and profitable bank but its position has slipped in the 1980s. - The current CEO is retiring and proposed Ross Abernathy as the new CEO. - Abernathy led a bank in Chicago successfully but is concerned about the team at Frontier being too old and unenthusiastic to achieve the needed changes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    174 views9 pages

    Ross Abernathy and The Frontier National Bank

    Uploaded by

    Mc Praxis
    - The Frontier National Bank is an old, large, and profitable bank but its position has slipped in the 1980s. - The current CEO is retiring and proposed Ross Abernathy as the new CEO. - Abernathy led a bank in Chicago successfully but is concerned about the team at Frontier being too old and unenthusiastic to achieve the needed changes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 9

    ROSS ABERNATHY AND THE

    FRONTIER NATIONAL BANK

    Presented To:- Presented By:-


    Prof. Ashok Advani Manvendra Singh
    Madhu Suden Vohra
    Riya Garg
    Priyanka Srivastava
    Saumya Yadav
    Anukriti Goel
    SUMMARY

    • Frontier Bank- The oldest, biggest and a


    profitable bank
    • Present CEO retiring and his proposal.
    • By 1980s position of bank slipped
    • Proposed name for new CEO ‘Ross
    Abernathy’
    ROSS ABERNATHY

    • Lead bank in Chicago to great


    success in term of its design,
    development and international
    business.
    • Chairman and CEO of a group of
    insurance companies.
    • Accepted to become the CEO of the
    Frontier National Bank.
    The Problem
    The problem in the case is that the frontier
    executives were old and unenthusiastic and the
    younger people working under them did not
    seem to be any different. Ross Abernathy did not
    feel that at frontier he had the team to do what
    he needed to be done. He needed an active team
    to achieve its target but was facing problems in
    making decision regarding team selection.
    ADVICES
    Ross Abernathy has three choices of making his team to
    Work at the frontiers bank. They are

     Make a team from the frontier bank itself.


     Members of his Chicago team.
     A team of members from outside who are independent
    professionals picked for proven performance capacity and not
    because of friendship.

    He needs to make decision between all three alternatives that


    which is best and will be beneficial for frontiers bank.
    Pros And Cons
    Of Alternatives
    1. Make a team from the frontier bank itself
    Pros: Team well-versed with the environment of the bank.
    Cons: It would be tedious to make them work out of their domain.
    2. Members of his Chicago team
    Pros: Members of the team already know each other, thus less case of conflicts
    among them.
    Cons: Difficult for the members to adapt the new ambience and work –culture.
    3. A team of members from outside
    Pros: Diversified knowledge of the domain.
    Cons: May have very different point of views , may not be very significant for the
    bank.
    SOLUTION
    The new CEO should recruit a four best possible
    members from :
    1) Frontier
    2) Chicago team each who are expert
    3)Outside Frontier who are independent
    professionals

    After developing the team , the CEO should


    put one from each team in individual four
    departments of
    1) Finance
    2) Marketing
    3) Human resource
    4) Operations
    Execution Plan
    • The team should be selected according to an
    individual’s capabilities and talents.
    • Moreover Ross may follow a friendly as well as
    strict environment for his team to work efficiently.
    • Keeps timely report of progress and results.
    • Keep looking for new ideas and project
    opportunities.
    • Feedback on employee welfare and satisfaction.

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