Case ID: 9B12CC038     Solution ID: 27660

Scotiabank Collaboration Across Business Lines Simplified Chinese Case Solution

Abstract

On October 1, 2010, Scotiabank executed changes to its authoritative structure that realigned its business all around and situated it for further development. Under the new structure, the bank�s organizations were regrouped into four business lines: Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management. The bank needed to make sense of how to assist people with enhancing cooperating crosswise over business lines. The formalization of cross-coordinated effort was through the recently founded authority groups. Colleagues had a joint responsibility to guarantee that the bank accomplished ideal results in the geographic locale in which the administration group worked. Furthermore, it was up to the group to consider how it was going to influence joint effort. These groups were a huge takeoff from the practices and exercises expected just a couple of months prior � individuals reported up to their own business line and did not stress over what any other individual in the specific geographic business sector was doing. There had been episodic confirmation that some of the initiative groups had accomplishment amid the initial couple of months. Still the assessment among the senior pioneers of the bank was that the usage of the administration groups was connected with a few difficulties.


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