Citizens bank Essay Example | Topics and Well Written Essays - 1250 words

Citizens bank - Essay ExampleThe researcher states that the strategic occupation that the Citizens bank is approach is followed by an important tactical problem up to because, in 2004, the organization has utilise acquisitions as a tool for promoting growth. Acquisitions, as developed through the years, led, necessarily, to the radical transformation of organizational social organization in 1992 the employees of the organization were estimated to just 1,300 while in 2004 the firms staff reached the 24,000 people across theUSA. It was at this point that the tactic of the organization to proceed to acquisitions led to concerns. Larry Fish, the CEO of the firm set the particular issue it was clear that for the future the terms of acquisitions in which the organization would proceed should change. At the aforementioned(prenominal) time, Fish had to face another problem Citizens Group was no more a bank of modal(a) size it has become a major competitor in the US banking industry. Thus, the practices used up to then for securing the firms image in the market should be reviewed. It has become clear that the firm was facing a tactical problem the rate of acquisitions of other banks/ financial institutions wealthy person become so speedy that the organizations mission and values could be doubted, as of their feasibility. The firms CEO would have to resolve a series of issues related to the above practice. From 1992, up to the acquisition of Charter One, the organizations growth has been gradual.