Case Studies:- Free Resources | Free Case Studies | Level 5 Leaders Characteristics and Operating Style

Level 5 Leaders Characteristics and Operating Style

Exhibit: 9.3 The Secret of Wells Fargo

Wells Fargo showed remarkable performance over a period of 15 years starting from 1983. But according to Jim Collins, the foundation for this exceptional performance was laid way back in early 1970s.

They recruited talented people in the industry whenever and wherever they found them, even when they had no specific job for them. Cooley explains the rationality of his approach:

"That's how you build the future. If I'm not smart enough to see the changes that are coming, they will. And they'll be flexible enough to deal with them."

Nobody in the industry succeeded in predicting the change. But no company in the banking industry adapted itself to the change as well as Wells Fargo did. When the sector performed 59% below the general stock market, Wells Fargo performed three times the general stock market.

Adapted from "Good to Great" by Jim Collins, Harper Business, 2001.

Have faith, face brutal facts >>

Custom Search

[1]"Good to Great" by Jim Collins, Harper Business, 2001, p42.

Free Resources

More Products

Case Links