Essay on David Fletcher Case - 910 Words

This case explores the problems managers face when assembling a team. David Fletcher, is an overworked portfolio manager of the Emerging Growth Fund at Jenkins, Fletcher Partners (JFP), an investment management firm in New York. As an individual, his superior performance throughout his career has earned him an outstanding reputation. Starting out as a clerk, he rose through the ranks of Wall Street to eventually manage the two most aggressive mutual funds at a major investment firm. Success at this firm only added to his reputation and lead to his current role at JFP, a smaller firm with an informal culture. At JFP, Fletcher is challenged with the new responsibility of managing a team, in addition to managing his portfolio. Despite†¦show more content†¦Though Fletcher has enjoyed long-term success as a portfolio manager, he stumbles as a team manager. One example is in his relationship with Stephanie Whitney. Though he described is as a â€Å"mentor-protà ©gà ©Ã¢â‚¬  relationship, he admits to having little time to train her. While he provided her with general career guidance, he explains that it was her own resourcefulness and initiative that allowed her to ascend from an administrative assistant position to the role of analyst. This transition, as noted by one of her colleagues, was difficult for Whitney and she struggled with establishing her identity as an aspiring portfolio manager. Because of Fletcher’s hands-off approach to managing people, Whitney’s growth was stifled under his management, which was a contributing factor to her eventual resignation. Hiring Brian Doyle without considering how he would get along with Whitney was another mistake Fletcher made in assembling his team. A seasoned financial consultant to high-technology firms in Silicon Valley, Doyle had frequent contact with Fletcher over the years and offered valuable industry knowledge. However, he did not meet Whitney prior to joining the team and it soon became evident to Fletcher that tension existed between the two. It isn’t surprising that Fletcher failed to consider their compatibility. Being a task-oriented person, he only values a person’s performance; gettingShow MoreRelatedDavid Fletcher Case Study711 Words   |  3 PagesCase Study: David Fletcher 1. What are David’s greatest strengths as a team leader? Greatest developmental needs? How did these strengths and weaknesses affect David’s ability to build a successful team the first time around? Points for Class Discussion: Greatest Strengths: * David is focused on the objective of the team and he is well aware of the function of the team once assembled. * David is also good in building mutual connection with his team members as exemplified by hisRead MoreDavid Fletcher Case Study Paper1697 Words   |  7 PagesDavid Fletcher Case Study Paper David Fletcher, a successful investment portfolio manager with Jenkins, Fletcher Partners or â€Å"JFP†, has been having problems with building and maintaining his team of research analysts. David is described by his peers as being calm under pressure, having a natural instinct to pick investments, and self-motivated. The intense workload David is managing has required him to put together a team to handle the time consuming aspect of obtaining and sifting through largeRead MoreDavid Fletcher Case Essay example2226 Words   |  9 Pages Jenkins, Fletcher Partners (JFP) has the potential to thrive and succeed in the financial service industry with stimulated, productive, and satisfied employees. However, there are small and large issues to be addressed in order to carry that in action. In this specific case analysis, we analyze the issues hindering JFP from further development, and suggest respective and appropriate suggestions to resolve those problems. First, a thorough evaluation of JFP shed light on a number of issues: TheRead MoreDavid Fletcher Case Study Essay1959 Words   |  8 Pagesand events of the case including the critical issues leading to the departure of Stephanie Whitney. David Fletcher is a portfolio manager with many years of experience and success under his belt. He currently is a limited partner managing an Emerging Growth Fund for Jenkins Fletcher Partnership or JFP. The company was small when David started and consisted of a CEO, Paul Jenkins, CFO, 2 financial assistance, 4 research analyses, 1 research assistant and a receptionist. David first started withRead MoreDavid Fletcher Case Study Essay1603 Words   |  7 Pagesenvironment for portfolio management changed and as Fletcher began being overwhelmed with research, he sought to create a team of analysts that could assist him with his work. Fletcher failed to build this team on his first attempt as a result of several causes. There were multiple mistakes that Fletcher made that can be seen in his interactions with people. The first was his assistant Whitley which he had a close relationship with. Before Fletcher hired Doyle, he did it hastily without consultingRead MoreFletcher Case Study Essay1288 Words   |  6 Pages653: Fletcher Case Study This study analyzes and discusses three shortcomings that prevented investment portfolio manager David Fletcher of Jenkins, Fletcher Partners (JFP) from realizing his team oriented operational expectations. His failures were attributed to poor personnel management, the inability to effectively select or establish team structure, and the failure to devise the appropriate incentives to motivate and reward employees. After careful review it is recommended that Fletcher mustRead MoreProtection Of Individual Property Rights1689 Words   |  7 Pagesmajor cases that have gone through the United States Supreme Court have made an influence on how laws and amendments of the United States Constitution are construed. 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