Abstract
Having analysed Barclays’ evolution in the 1980s and 1990s as a universal bank and its withdrawal in late 1997 from investment banking, we turn now to the critical role of leadership. I use that term in two senses: First, having the vision to understand what strategies are likely to be successful in the turbulent environment of financial services; and, second, developing the organizational infrastructure to implement those strategies.
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Notes and references
From interviews with senior, old-line Barclays managers.
Much of this recent history comes from interviews with senior managers who were in the bank in these years.
Banking World, January 1988.
The Economist, 25 June 1988.
Financial Times, 14 August 1992.
Interviews for this book.
Financial Times, 14 August 1992.
The Economist, 25 June 1988.
Financial Times, 18 February 1991.
Financial Times, 13 December 1990.
Financial Times, 22 October 1990.
Financial Times, 19 April 1991.
From Bloomberg, Financial Markets (online).
Financial Times, 2 March 1990.
Financial Times, 27 February 1992.
Financial Times, 13 April 1992.
Financial Times, 25 April 1992.
Financial Times, 29 April 1992.
Financial Times, 2 March 1990.
Financial Times, 12 December 1992.
Interviews for this book.
Financial Times, 21 November 1992.
Financial Times, 6 August 1992.
Financial Times, 21 November 1992.
Independent, ‘Family Vault’, 24 January 1993.
Financial Times, 11 December 1992.
Financial Times, 14 December 1992.
Financial Times, 20 August 1993.
Financial Times, 2 September 1993.
Financial Times, 2 December 1993.
Financial Times, 11 March 1994.
Financial Times, 10 November 1994.
Financial Times, 20 August 1993.
From Bloomberg, Financial Markets (online).
Lehman Brothers, UK Clearing Banks, 1998 Annual Review, 23 July 1998, p. 76.
Ibid., p. 70.
Ibid., p. 63.
Ibid., p. 103.
Financial Times, 11 March 1994.
The Economist, 16 August 1997, p. 53.
Financial Timess, 3 October 1997.
The Economist, 13 December 1997.
The Economist, 21 June 1997 and 13 December 1997.
Michael Porter, Competitive Advantage, Free Press, New York, 1985, p. 16.
Financial Times, 5 October 1997, p. 24.
Ken Auletta, Greed and Glory on Wall Street, Warner Books, New York, 1986.
Danny Miller and P.H. Friesen, Organizations, Prentice Hall, Englewood Cliffs NJ, 1984.
For an insightful analysis of the dynamics of this process, see Barry M. Staw and Jerry Ross, ‘Understanding Behavior in Escalation Situations’, in Staw (ed.), Psychological Dimensions of Organizational Behavior, Prentice-Hall, Englewood Cliffs NJ, 1991, pp. 228–36.
Stephen Robbins, Organization Theory, 3rd edn, Prentice Hall, Englewood Cliffs NJ, 1990, p. 200.
Independent, 8 October 1997, p. 25.
The Economist, ‘How Not to Sell Your Bank’, 8 November 1997.
The Economist, 8 November 1997.
Financial Times, 7 November 1997.
Financial Times, 13 November 1997.
Financial Times, 23 October 1997.
Financial Times, 14 April 1998.
Financial Times, 2 September 1998.
Guardian, 30 November 1998.
Financial Times, 30 November 1998.
Financial Times, 20 January 1998
Guardian, 28 November 1998.
Interviews for this book.
Guardian, 30 November 1998.
See in that regard Jeffrey Pfeffer, Managing with Power, Harvard Business School Press, Boston MA, 1992. A witty yet sympathetic (to Taylor) discussion of Taylor’s exit is Christopher Fildes’ article in the Daily Telegraph, 14 December 1998.
Interview with Professor Hannah.
For a thoughtful discussion of these issues, which has had an impact on many large corporations, see Michael Goold, Andrew Campbell and Marcus Alexander, Corporate-Level Strategy, Wiley, New York, 1994.
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© 1999 David Rogers
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Rogers, D. (1999). Leadership: from Vision to Implementation. In: The Big Four British Banks. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-27760-5_6
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