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Organization Structure: Bank of America

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What kind of organizational structure does Bank of America use?
What other structures might allow Bank of America to operate more effectively?
Would the move to a product team structure lead to greater efficiency or effectiveness? Why or why not?

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The Solution discusses the organizational structure of the Bank of America.

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What kind of organizational structure Bank of America use?

The organizational structure at Bank of America is predicated upon a functional structure rooted in a hierarchical foundation wherein the company has the U-form organizational structural operational framework. This is characterized by the use of various divisions and subsidiaries that encapsulate H-type and M-type operational strategies to govern the organization. The corporation is established to ensure that the company can maintain flexibility when engaging in international business wherein the company has a divisional arrangement that facilitates independent operational control for different geographic regions throughout the world. The objective is to foster autonomy throughout the different regions of the world wherein the bank has operations in ...

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