Provide a 6 pages analysis while answering the following question: Organizational Behavior: Groups, Teams and Motivation.Provide a 6 pages analysis while answering the following question: Organizational Behavior: Groups, Teams and Motivation.
Provide a 6 pages analysis while answering the following question: Organizational Behavior: Groups, Teams and Motivation. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. Merrill Lynch is one of the worlds leading financial management and advisory companies, which is focussing on providing financial advice and investment banking services to the customers. ‘The recent merger or combination with bank of America has made Merrill Lynch. The largest brokerage in the world, with more than 20,000 advisors and $2.5 trillion in client assets. A leading provider of global corporate and investment banking services, including commercial lending, global high-yield debt, global equity and global M&A. A global leader in wealth management, private banking and retail brokerage. A global leader in investment management, with approximately 50 percent ownership in BlackRock, which has $1.4 trillion in assets under management, in addition to the $589 billion in assets under management with Bank of America as of June 30, 2008’ (Merrill Lynch, 2009)
Merrill Lynch has spoiled its reputation among investors because of its illegal business relation with Enron Company which is considered now as one of the biggest fraud companies of all time. Merrill Lynch has purchased some Nigerian barges from Enron on the last day of 1999 only because Enron secretly promised to buy the barges back within six months, guaranteeing Merrill Lynch a profit of more than 20%. This deal has resulted in a loss of $80 million to Merrill Lynch. (The Enron Fraud) Investors all over the world have started to raise doubts about Merrill Lynch’s business strategies. “The stock market was down, reducing the firm’s profits. On September 11, 2001, Merrill headquarters, located next to New York’s World Trade Centre, was damaged and three employees died. The events of 2001 caused Merrill managers to re-evaluate the company’s direction and make sweeping changes. .
