Global Retirement Strategies, Inc. A Tale of Two Cities Tom Jasinski LEARNING OB

Question

Global Retirement Strategies, Inc. A Tale of Two Cities Tom Jasinski LEARNING OBJECTIVES Identify and define the underlying issues causing project team dysfunction. Recommend relevant solutions to resolve project team dysfunction. Be able to make the case for early organization assessment during the corporate acquisition process. lobal Retirement Strategies, Inc. (GRSl is a U.S. company based in New York, doing business in 70 countries around the world. Its mission is to provide retirement income solutions to high net worth individuals and families. Its gtrategy is to profitably grow through a combination of increased market share anic growth) and expanded markets linorganic growthl, offering a portfolio of brg both traditional and innovative annuities, bonds, and other long-term investment products. With $75 billion in annual revenues, GRS is a Fortune 50, Global Fortune 100 public company trading on the New York Stock Exchange. Founded in 1930 as a life assurance company in the predawn of the Social Security Act, it has a long history of helping to build social safety nets for families to supplement pensions and social security payments in the United States, and similarly filling gaps teft by state and nonstate plans in countries across Asia, Europe, and Latin America. A NEW LEADER s led by Kenneth Stevens, who joined the company as CEO 3 years ago after a career in hedge fund management and venture capital. His selection was quite RS i

Explanation / Answer

The Critical Issue in the above-given case is about Resource management, especially the Human resource. Here The GRS is buying Mejor Vida, a Chile-based pension management company, which is successfully running and their customers are happy about the same. Here the RedTeam appointed by the CEO of GRS for acquisition is in a discussion where the HR counterpart raises the concern of the resource and its proper management to be done as the people are ones who would make or break this deal. Even though Newyork wants to move fast and acquire the company to start its operation, OD is concerned how the Chilean people cope with the American management, as there would be a culture change. The other 2 members are adamant and are ignoring this issue, saying it would solve by itself. Hence this must be solved at earliest or else this would be soon a negative investment for GRS.

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