Washington Mutual (A): A Very Old Bank Can Grow-A Lot!

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Washington Mutual (A): A Very Old Bank Can Grow-A Lot!

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Publication Date:
January 01, 2006

Industry:
Financial Services

Source:
Kellogg School of Management

Describes the ways in which Washington Mutual preserved and reinforced its brand through two phases of expansion, the first based on acquisition and the second on organic growth. The Washington Mutual brand is shown to be grounded in a well designed customer experience. This experience was the result of careful attention by Washington Mutual to hiring policies for its staff, incentives that encouraged entrepreneurship, empowerment of both “store” managers and “sales associates,” and a strong culture that valued the community, innovation, fairness in treatment of customers, care for its employees, and high-speed implementation.

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Washington Mutual (A): A Very Old Bank Can Grow-A Lot!

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