Analyzing Wells Fargo Strategies

Wells Fargo & Company is a nationwide, diversified, community-based financial services company with trillions in assets. Wells Fargo provides banking, insurance, investments, and mortgage. Providing consumer and commercial finance through thousands of locations and ATMs, with access through the internet and mobile banking. Wells Fargo serves one in three households in the United States, with a vision set to satisfy all of their customers’ financial needs and a tools to succeed financially.

One of the regions that globalization has significantly impacted is administration of the physical production network. Corporations have gained significant ground in streamlining the physical production network through procedure enhancements by utilizing

innovation to comprehend and address exact agony focuses. Administrating the financial inventory network is another matter, as it has deducted the same efficiencies of the physical inventory network. Most of the time, buyers and sellers worked freely to acquire the money related help required to make the exchange work for their businesses. This methodology incorporated extra expenses with the procedure and made things all the more exorbitant for all parties. Conventional exchange products, such as letters of credit or documentary collections is a help reduce risk to both buyers and sellers. Despite the fact that these products are costly, and depend vigorously on manual procedures. With today new technology it has made this industry more financing options available to businesses. Improvement on bank payments technologies has advance to were even the smallest firm in a small town can continue to do business to do with a larger firm. As technology keeps evolving, increased clarity into the physical-goods supply chain has advance information flow. (https://treasuryinsights.wellsfargotreasury.com/?elqPURLPage=1696) (1999-2016 Wells Fargo)

The Industrial Organization Model suggest an external perspective to explain the opportunities that exist in these environments that can determined the firm's strategic actions.

Wells Fargo first series focused on the geographical reach. Analyzing Wells Fargo strategy is great way to put in perspective the Industrial Organization and how Wells Fargo is an outperform organization. One main aspect of Wells Fargo strategy is the operational level strategy which is mainly about the fundamentals of how Wells Fargo runs its day to day baking operations and developing competitive advantages. In a way implementing these strategies is a like building a bridge that can help the organization reach its goals. The resource-based view has been criticize on a number of dimensions. Its previously had been discuss to be tautological, when a competitive advantage is define as a creating strategy, based on the resources that are valuable. When it comes to resource-based model is kind of a circular reasoning. The following is to find a resource that satisfies all four criteria and to limit practical prescriptive implications. Finally the resource-based focuses on the essence capacity of the firm which tends to under estimate the role of industry. (Hitt, M. A., Ireland, R. D., & Hoskisson, R. E.,

2013)
Wells Fargo values is to “Satisfy our customers’ financial needs and help them succeed financially” (1999-2016 Wells Fargo) mentor every interactions, decisions, and conversations. Wells Fargo believe that customers across all business sections can have a better service and at the same time save money and time. Providing trusted financial services that provides reliable guidance and advice which can serve a full range of financial needs through a multiple choice of products and services. The journey for Wells Fargo vision is to pursue a customer-centered visions has be developed with hard work, determination, and persistence, with a lot to still accomplish Wells Fargo maintains a steady progress toward the goal. The value of the company is to anchor every product and service that they provide and every factor that Wells Fargo operates. Their goal is to link what they do with their values to their vision. They have implemented that all team members should be aware of the company values where they can make decisions based on their common understanding of the culture and what the company stands for. Wells Fargo believe in values lived not phrases memorized, five primary values that are based on the company vision that provides the foundation of what the company stands for are: ethics, leadership, diversity and inclusion, what’s right for customers, and people as competitive advantage. Like most other banks, they centers their mission on getting as much money and financial commitment from each consumers. When it comes to Wells Fargo mission statement is short and direct of the vision and purpose of the company, the mission statement focus is that they believe that every customers can save money and time by shopping carefully and making right choices by being provided with a trusted provider for their financial services. (Knowlton, Thomas., 2013) (1999-2016 Wells Fargo)
Each Wells Fargo stakeholders have a particular impact in the company as a whole.

To start of what makes the company successful let’s begin with Wells Fargo employees, Wells Fargo success as a company has result from care and empathy of the team members who has impacted the culture and vision and values to growth each day. The employees take care of the customers and develop innovative ways to run the operations. The employees openhandedly give their time, and persona finance resources to provide great finance recommendations. In addition, Wells Fargo community and government relations have built long-term partnership with several national-level organizations which has contribute great comprehension on an extensive base. By combining with these partnership resources and expertise Wells Fargo is able to enormously expand their impact. A great example of a Wells Fargo partnership is the long term partnership with United Way Worldwide. Wells Fargo has been committed to United Way’s mission to improve lives and building stronger communities. The focus of this partnership is to help individuals and families across the U.S, from a low and moderate income households to build stronger financially households and communities. This partnership is well recognized as an outstanding strategic partnerships that commends in leaderships and employees involvement. The employees are deeply involved with the United Way organization setting records of thousands of nonprofits and schools across

the nations. As a company Wells Fargo and stakeholders engagement has step up in times of needs donating millions of dollars and volunteers work when is most needed and wanted. Each stakeholder involvement plays a role on Wells Fargo as a whole, which is why is important to build strong relationship across the board. (GOSE, B. 2013) (https://www.unitedway.org/partners/wells-fargo)
Wells Fargo offers a wide range of financial services, recognized as one of the most integrated financial companies. With many division across the nation and overseas Wells Fargo operation is still able to able to offer multiple services to the community and families households. Wells Fargo has become one of the world largest bank by market capitalization and top ten of the largest public companies in the world. The company has implemented great values where everything that they do is built on trust. Regardless of the company growth they manage still implement the vision and value in every business encounter to keep the company integrated and trustworthy. (1999-2016 Wells Fargo)