In any large corporation, the CEO is an organizational position that is mainly responsible to implement the strategic policies as described by the board of directors. The CEO is concerned with reporting to the board of directors. In this regard, JPMorgan Chase & Co. (NYSE: JPM) is one of the conventional financial services corporations in the world with the most influential CEO, Jamie Dimon. The firm has the highest assets of $2.3 trillion in banking services and wide market segmentation in the U.S; thus it is among the leading banks in asset banking, monetary services for clients, small industry and commercial banking, monetary transaction processing, and private equity. JPMC operates in more than 60 countries; it is built on the foundation of more than 1,000 predecessor institutions (JPMorgan Chase & Co., 2008). Therefore, the success of this firm is attributed to its historical operations and product positioning in various markets including mergers, acquisitions and a strong operating base.
Jamie Dimon, as the CEO of JPM, possesses effective leadership qualities due to the fact that:
- He is able to pursue the perfection of the banking industry through carrying strategic investment policies.
- He is focused on executing managerial tasks.
- He manages stress and avoids burnout throughout the organization.
This is by keeping his ego in touch in regard to the challenging banking industry. According to the company’s website (jpmorgan.com), the CEO is seen as an effective leader because of:
- His conflict handling techniques – Dimon helped to solve the financial crisis within the company and its partners.
- His thinking methodology – he has survived many trials and even succeeded.
- Good communication skills – he has been able to spearhead major mergers within the banking industry.
Thus, the qualities of a CEO can be emulated from Jamie Dimon.
References
J.P Morgan Chase & Co. (2008). The History of JPMorgan Chase & Co. 200 Years of Leadership in Banking. 4-21. Web.