Bank of America's Case Study

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Bank of America Case Study The talent management program That led to Success for the Company Bank of America believes successful global leadership development is a mix of three essentials: global consistencies, cultural distinctive and individual ownership. Aligning, teaching and developing key leaders from across the enterprise are main facts of their consistent approach. According tone of the articles of Carter (founder and CEO of Best Practice Institute and the author of several books, including Best Practices in Leadership Development) at Talent Management’s web site, “Participants of their Accelerated Development Program include 80 to…show more content…
After the program is finished, Bank of America tracks attendees’ performance, retention and promotion rates. Bringing (1) global consistencies, (2) cultural distinctions and (3) individual ownership together is the key to developing global leaders at Bank of America (Carter, 2012). Global consistency is one of the remarkable strengths of their program. Carter denotes that Bank of America leaders are expected to share certain core consistencies, including: 1. A common language for how they talk about talent globally, 2. A common process for assessing talent globally, including common performance measures. 3. A centralized core curriculum that communicates the enterprise’s standards globally (Carter, 2012). Company’s Accelerated Development Program seems like another significant success factors of their overall plan. As part of the Accelerated Development Program, participants put together their intensive personal development experience. For many promising leaders, it is the new experience and challenge. All of a sudden, they find themselves as part of something bigger than the individual business unit where they have been before. Program participants are assigned to coaches from Bank of
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