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Managerial power was concentrated at each region and employees considered their regional power more important than the organizational good. Some Inverlat managers thought that the bank had no clear strategy and no leadership. In fact, the eight regions developed such a level of autonomy that managers commonly referred to Inverlat not as a bank, but as eight small banks. There was a general sense among the employees of the bank that if things continued under government control that they would become government bureaucrats, so they viewed the Bank of Nova Scotia (BNS) as a savior that would help to turn things around by bringing money, technology and expertise...
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