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Moreover, FNB steadily lost its position and now is third in terms assets and sixth in terms of profitability. Conservativeness, continued business with traditional customers and large workforce substantially helped for this situation to arise.
To come out of this situation company needs a plan through which FNB can regain its lost glory and can make the organization among the best known in the world.
Three different options are available to form a team.
• Formation of team out of FNB’s human resources.
• Recruiting a core team from Chicago Bank.
• Recruiting a core team of professionals with proven capabilities
While the first option wouldn’t have affected the present liquidation, only a sense of direction and feel of motivation among the employees would have done the job but it would have been time consuming...
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