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I recently stumbled on this interesting case study by the harvard business school on Rob Parson. A high level summary and my personal recommendation would follow shortly. So enough talk, lets get down to the nitty gritty of the case study. Parson had a proven track record in financial services and Nasr felt that Parson had the type of energetic, entrepreneurial nature that Morgan Stanley needed to penetrate the sector.
Rob Parson, a gifted banker with 10 years of experience had built strong relationships and reputation with the important players in the banking and insurance industries.
Clients loved him and always looked forward to doing business with him as they felt he was one of the most amusing, entertaining and interesting people to be with. He however lacked team player spirit and interpersonal skills to relate successfully with his colleagues.
Rob Parson had to pass the degree performance evaluation process to secure his promotion to the position of Managing Director. The degree performance evaluation was a platform through which all professionals in the firm were evaluated by superiors, colleagues and subordinates with the aim of providing every employee the opportunity to know how well they faired and advice on their potential areas for development.
Though the position that Parson was hired to fill had a reputation for being notoriously difficult to perform and had seen a tremendous amount of turnover at Morgan Stanley, Parson was a strong revenue producer and had generated a great deal of new business for the firm.
He made things that otherwise would never have happened to happen.
Rob Parson At Morgan Stanley (A) Case study writing plays an extremely crucial part in academic field by supplying practical experience of the things that are experienced in a specific field. Case studies are stories that present a complicated problem of the actual world. Rob Parson at Morgan Stanley: Following the appointment of Paul Nasr as senior managing director in Capital Market Services (“CMS”) at Morgan Stanley, Nasr recruited Rob Parson to help develop his company, Morgan Stanley’s presence in the fixed income capital markets. Business Disaster Case Study by financial services company Morgan Stanley, dealing with both the and World Trade Center terrorist attacks.
Unfortunately, Parson was sharp tongued, impatient and often difficult to work with. He created a hostile environment around him and his resultant negative performance evaluation has put Nasr, his boss in dilemma as to whether to put him up for promotion or not.
The outcome of the decision is vital to the retention of Parson in the company. After assessing this situation and the impact of promoting Parson on the culture and values of Morgan Stanley, I recommend deferment of his promotion till the cultures of Morgan Stanley can be fully inculcated in him through training and counseling for the following reasons: To avert the possibility of Rob Parson leaving the company on the decline of his promotion, I advise his being given incentive in terms of bonus being an incremental percentage based on the number of business he brings in so as to keep him happy and inspired to work even harder pending the expiry of his probationary period or period of inculcating in him the culture and values of Morgan Stanley.Teaching Note | | Rob Parson at Morgan Stanley (A) through (D) and The Firmwide degree Performance Evaluation Process at Morgan Stanley TN.
Rob Parson at Morgan Stanley (B) - Supplements the (A) case. Request Case Study Solution.
Prepared by MBAs and CFAs according to your requirements. A Harvard Business School professor writes up the troubled ad man as an HBS case study. By Gautam Mukunda. May 15, 5 One of HBS’s legendary cases is “Rob Parson at Morgan Stanley.
Morgan Stanley Bullet-point case Please read the cases in the following order and be prepared to discuss the questions listed below (Please type out brief responses to the questions below to help you prepare & recall the pertinent info for discussion).
Rob Parson as presented in the case has been performing outstandingly well. He has been the top performing employee since he joined the company Morgan Stanley.
Once he took on the role at the company, he increased the market share by per cent where the ranking improved to . Rob Parson Management Case Study 1 Case Overview The internal environment at Morgan Stanley was one of teamwork, employee development, dignity and respect.