Instructions Please do the following:  First, read this New York Times article: At Wells Fargo, Crushing Pressure and Lax Oversight Produced a Scandal (Links to an external site.)  Second, read this...

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Instructions Please do the following:  First, read this New York Times article: At Wells Fargo, Crushing Pressure and Lax Oversight Produced a Scandal (Links to an external site.)  Second, read this related article in the Business Insider: Wells Fargo's Scandal is a Cautionary Tale about Incentive Pay (Links to an external site.) Please answer each question for each article for a total of 10 answers: ➢ Please watch Dan Pink's TED Talk for reference regarding question 5 1. Did you find the details of this "scandal" to be surprising? 2. Use a motivational theory to help explain why this might have happened. 3. What contributed to the problems? 4. Do you agree or disagree with the authors of these articles regarding the factors that led to the scandal? 5. How do you think Dan Pink's TED Talk relates to this case? https://www.nytimes.com/2017/04/10/business/dealbook/11wells-fargo-account-scandal.html https://www.nytimes.com/2017/04/10/business/dealbook/11wells-fargo-account-scandal.html http://www.businessinsider.com/wells-fargos-scandal-is-a-cautionary-tale-about-incentive-pay-2016-9 http://www.businessinsider.com/wells-fargos-scandal-is-a-cautionary-tale-about-incentive-pay-2016-9 https://www.ted.com/talks/dan_pink_the_puzzle_of_motivation?language=en https://granite.pressbooks.pub/mgmt805/chapter/theories-of-motivation/ https://www.ted.com/talks/dan_pink_the_puzzle_of_motivation?language=en
instructions-1242022-5pvkca5c.pdf
Answered Same DayJan 24, 2022

Answer To: Instructions Please do the following:  First, read this New York Times article: At Wells Fargo,...

Sourav answered on Jan 25 2022
123 Votes
Assignment
Table of Contents
Article: At Wells Fargo, Crushing Pressure and Lax Oversight Produced a Scandal    3
Article: Wells Fargo's scandal is a cautionary tale about incentive pay    3
Reference List    5
Article: At Wells Fargo, Crushing Pressure and Lax Oversight Produced a Scandal
1. No, the details of the lax oversight and crushing pressure of the Well Fargo’s that caused a scandal were not surprising. It was seen that the company wanted to maintain a high standard in the market by having a large number of accounts that insisted their employees adopt such steps.
2. With the help of Herzberg’s motivational approach, it can be said that motivating factors such as recognition and achievement tends to boost employees performance more. The responsibility of employees increases when they are motivated by an incentive scheme in an organisation (Chiat and Panatik, 2019). Overpressure on the employees caused them to increase the accounts despite having a low deposit rate.
3. Employees of Well Fargo were overburdened with their sales goals in the market which motivate them to create fraud accounts and move money in and out of them. Gradually over time, the number of unfunded accounts in the company increases which led to the deterioration of the organisation’s profit.
4. I agree with the authors regarding the factors...
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