JPMorgan has 300,000 employees, but Jamie Dimon says the bank wins by deploying small teams like Navy SEALs |
JPMorgan has 300,000 employees, but Jamie Dimon says the bank wins by deploying small teams like Navy SEALs
Jamie Dimon believes that to win big, you often have to think small—or at least in small teams.
In his annual shareholder letter published Monday, the longtime JPMorgan Chase CEO said the company’s “real competitive battles” are fought on a more granular scale.
Despite JPMorgan having more than 300,000 employees worldwide, he claimed the best way to fix a problem is to assign it to a small but capable team fully dedicated to the task, including in several areas like AI, marketing, and others.
“The teams needed to tackle these challenges should be small and authorized with the decision-making ability to move and act like Navy SEALs or the Army’s Delta Force,” wrote Dimon.
Otherwise, a larger group trying to solve a problem won’t give it the priority it needs to be resolved quickly. When a task is only 1% of a person’s job, you don’t get the same results as when everyone is........