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Submitted by selenahanson on July 30, 2007
Category: Business
Words: 1593 | Pages: 7
Views: 423
Popularity Rank: 20,435
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Regions 2
Abstract
In this paper I will evaluate how the large corporation Regions Bank has maintained a healthy organizational structure by utilizing the four functions of management and the two developed strategies they have incorporated for their success.
Regions 3
Regions Bank
In the large corporation of Regions Bank, there are many specific details involved in creating and maintaining the perfect organizational structure. It takes efforts from the managers and leaders to implement a design to promote stock holder profits, growth, and stability. In this organization there is a cycle that is used that involves four functions of management. Regions Bank also utilizes two strategies to create and maintain a healthy organization.
Regions Bank is a company that provides consumer and commercial banking with nearly 140 billion in assets. Regions Bank started out in 1971 with a small merge between three banks. Several mergers throughout the years and Regions Bank was in the position to purchase Union Planters. Union Planters was a 5.9 billion dollar purchase which landed Regions Bank as the tenth largest bank in the United States. This was a significant purchase because it helped expand Regions Bank into new territory in the Midwest and Texas. This expansion made the latest purchase a success. On May 25, 2006 Regions decided to purchase AmSouth Bancorporation. This acquisition has put Regions on the map as the eighth largest bank in the nation. The company now has over 2000 locations expanding over 16 states. (http://en.wikipedia.org/wiki/Regions_Bank)
All of this growing and acquirement would not have been achievable if it were not for having an organizational structure amongst the company. The success of these...
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