Wells Fargo Bank - Essay Example

Wells Fargo Bank Outline I. INTRODUCTION TO WELLS FARGO BANK A. Background about Wells Fargo Bank B. Organizational Culture II. PRESENCE OF WELLS FARGO BANK ACROSS USA AND ITS WORKPLACE DIVERSITYA. Location of Wells Fargo BanksB. Workplace diversity at the different branchesC. Workplace diversity and organizational performance1. Theoretical framework2. Impact of diversity on company productivity and performanceIII. CONCLUSIONA. Relationship between the two variables; workplace diversity and organizational performance.

SourcesJackson, S., & Ruderman, M. (1995). Diversity in Work Teams (1st ed.). Washington, DC: American Psychological Association.The article explores the impact of diversity on varied work teams, which may inhibit greater cohesiveness among the team members. The findings suggest that the effect is determines by the kind of diversity impacting the team dynamics. Joshi, A., Liao, H., & Jackson, S. (2006). Cross-level effects of workplace diversity on sales performance and pay. Academy of Management Journal, 49(3), 459--481.

This article examines the aspects of diversity as they are connected with performance differences and earnings inequalities across work teams.McMahon, A. (2010). Does Workplace Diversity Matter? A Survey of Empirical Studies on Diversity and Firm Performance, 2000-09. Journal of Diversity Management, 5(2).In this article, McMahon studies the correlation between workplace diversity and organizational performance. By focusing on the definitions of the two constructs, McMahon has analyzed the various facets of diversity beyond the usual gender-based, racial or educational notions, so as to explore its relevance to non-financial performance such as those pertaining to creativity, social process, and so on.

Kochan, T., Bezrukova, K., Ely, R., Jackson, S., Joshi, A., & Jehn, K. et al. (2003). The effects of diversity on business performance: Report of the diversity research network. Human Resource Management, 42(1), 3--21.The paper summarizes the results and findings of a study investigating the relationship between gender and racial diversity on organizational performance.Robbins, S., & Judge, T. (2013). Organizational Behavior (1st ed.). Upper Saddle River, New Jersey: Prentice Hall.This textbook by Robbins and Judge provide with a useful theoretical foundation relating to the contemporary organizational behavior variables as well as their relationship under various contexts.

The book provides with useful foundation as to the theory and practice of organizational behavior.Simons, S., & Rowl,. (2011). Diversity and Its Impact on Organizational Performance: The Influence of Diversity Constructions on Expectations and Outcomes. Journal of Technology Management & Innovation, 6(3), 171--183.This article explains the link between workplace diversity and organizational performance by summing up the various categorizations of diversity found in the literature. The article provides an insightful finding of how the ambiguity regarding the definition of diversity has lead to poor diversity management efforts at organizations.

Wells Fargo Bank. (2014). Vision and Values: Our Culture. Retrieved 21 May 2014, from https://www.wellsfargo.com/invest_relations/vision_values/5 The webpage from the official website of Wells Fargo Bank provides with useful information regarding the bank’s organizational culture as it exercises behavioral, psychological, and anthropological theories on its employees. Organizations are becoming increasingly varied in their composition in the wake of global changes such as globalization and immigration.

This has had great implications for the working relationship between internal stakeholders within organizations as the changes affect organizational dynamics and structure. Organizations across the United States have experienced a compositional change after such global trends. Well Fargo Bank, like many others, has also experienced the new development. With its presence across various states of the US, its successful operations involve seamless integration between its various functional departments so as to serve its customers well.

For this, team work is a very important factor behind success. As organizations become more diversified, it is, however, likely that the employees feel disintegrated. Successful working of team requires smooth flow of communication within teams and greater cohesiveness between the members. As such, the implications of workplace diversity and its relationship with organizational performance are important as they define the effectiveness of an organization and other employee efforts. An analysis of the available literature suggests that diversity has varying results on organizational performance with the results depending upon the type of diversity found in groups and teams.

The workings of organizations is also changing with more and more emphasis on team work rather than individual tasks thereby increasing the scope for the consideration of workplace diversity as a central determinant of organizational performance. In particular, Wells Fargo Bank can use the insights constructively in order to apply the findings in creating relevant diversity management programs so as to boost company productivity and performance excellence.