← MBA Hub
MBUS 804 — Session 4

Changing Organizational Culture

Queen's Smith AMBA 2026 · Prof. Peter Richardson · Participation-Ready Prep
Garvin & Roberto: 4-Phase Persuasion Brad Power: Do It Quickly 6 Dysfunctional Routines CIBC & TD Bank
01 — Garvin & Roberto: Change Through Persuasion

Culture Change Requires a Coherent Persuasion Campaign — Not Just a Plan

David A. Garvin and Michael A. Roberto (HBR, Feb 2005) studied organizational transformations across multinational corporations, government agencies, and high-performing teams. Their central finding: change fails not because the plan is wrong but because leaders skip the persuasion work that must happen before, during, and after the plan is announced. Change is a political and emotional campaign — not a strategy rollout.

Set the Stage → Create the Frame → Manage the Mood → Reinforce Good Habits
The campaign begins weeks or months before the plan is announced — and continues long after it is set in concrete

The anchor case: Beth Israel Deaconess Medical Center (BIDMC) turnaround under CEO Paul Levy (Jan 2002). BIDMC was losing $50M/year and facing sale to a for-profit chain. Levy — not a doctor, no hospital management experience — turned it to $37.4M net from operations by 2004. Nursing turnover fell from 15–16% to 3%.

$50M
annual losses at BIDMC when Levy started — existential threat
$37.4M
net from operations by 2004 — an $87M swing in two years
15% → 3%
nursing turnover — morale as a leading indicator of financial recovery

The Four Phases

Phase 1
Set the Stage

Convince employees radical change is imperative — before the plan is announced.

  • Develop a bold, differentiated message
  • Show why this leader differs from predecessors
  • Make the burning platform undeniable
  • Create compelling reasons to do things differently
Phase 2
Create the Frame

Help employees interpret proposals correctly — shape the context.

  • Position and frame the preliminary plan
  • Gather feedback; incorporate it
  • Anticipate and pre-empt objections
  • Make employees feel the plan belongs to them
Phase 3
Manage the Mood

Attend to the emotional climate — balance optimism and realism.

  • Acknowledge pain while pointing forward
  • Calibrate timing and tone of every message
  • Recognize contributions publicly
  • Don't signal victory too early
Phase 4
Reinforce Good Habits

Prevent backsliding. Publicly enforce new behavioral standards.

  • Reinforce values constantly through actions
  • Call out disruptive behavior — publicly if needed
  • Model the behaviors you demand
  • Delegate decisions to practice new norms

Phase 1 in Detail: Setting the Stage at BIDMC

Before Levy started, he extracted board commitments — board could not interfere in day-to-day management. His first day: all-hands email with four messages — (1) the hospital's legitimate achievements, (2) the sale threat was real, (3) what actions to expect including layoffs, (4) his collaborative management style. He disclosed BIDMC's situation to the Boston Globe and Boston Herald that afternoon. The Hunter Report (damning third-party analysis) was posted to the hospital intranet. Staff could no longer claim ignorance.

The "this too shall pass" antidote: Levy's approach made denial structurally impossible — facts (Hunter report, public newspaper disclosures) rather than leadership rhetoric. He differentiated from predecessors through behavior before any plan was announced. The board conditions he secured before starting were themselves a Phase 1 move: visible proof that this time was different.

Phase 2 in Detail: Creating the Frame at BIDMC

Levy accompanied the 200-page turnaround plan with a framing email built in three sections:

What the Framing Email Did

  • Section 1 — Mission/Values: Reaffirmed BIDMC as warm, caring academic medical center — mollifying critics, reducing fear of identity loss
  • Section 2 — Expectations: Specific tough measures required; grounded in the Hunter report employees had already endorsed
  • Section 3 — Objections: Diagnosed past plans' failures; explained why this plan differed; pre-empted "just another initiative" dismissal
  • 300+ employee suggestions incorporated — plan felt collectively owned

Why Framing Is Not Spin

  • Complex plans can be interpreted many ways — not all favorable
  • Without a frame, employees fill the vacuum with worst-case assumptions
  • A frame is honest context that helps people process difficult information correctly
  • The same facts framed differently produce different emotional and behavioral responses
  • Frames take many forms: emails, town halls, radio interviews, companywide memos

Phase 3 in Detail: Managing the Mood at BIDMC

After the first round of layoffs, Levy sent an email explicitly empathizing: "This week is a sad one…it is hard for some of us remaining…offices are emptier than usual." Then pivoted: "our target is not just survival: It is to thrive and set an example for what a unique academic medical center like ours means for this region." He timed good financial news carefully — not too soon after layoffs. Two months in: a candid FAQ email acknowledged merit freeze while acknowledging operational progress. Public Q&A forums where employees received recognition and honest updates simultaneously.

The calibration trap: Leaders consistently err toward too much optimism too soon — employees need to feel their sacrifice was real before they can receive the celebration as real. Premature victory signals credibility destruction when reality catches up. Garvin & Roberto: the communication challenge requires striking the right notes of optimism AND realism, carefully calibrated to what the organization can absorb at each moment.

Phase 4 in Detail: Reinforcing Good Habits at BIDMC

Levy set explicit meeting rules: "state your objections" and "disagree without being disagreeable." One month in, a medical chief emailed Levy complaining about a decision made during a meeting — having stayed silent in the meeting itself. The email was copied to other chiefs and the board chairman. Levy's response: replied to the same audience, publicly reprimanding the chief for tone, lack of civility, and violation of the new meeting norm. Most CEOs would have handled this privately. The public response sent an unmistakable signal that behavioral standards were real, not aspirational.

The "appeals court" leadership model: When employees sought Levy's intervention on disputes, he asked one question: "Did you follow the new process?" If yes, the decision stood — he didn't substitute his judgment for the department's. This taught employees to work through difficulty themselves using new norms rather than escalating. The culture change embedded itself in decision-making behavior, not just in stated values.
02 — Dysfunctional Routines: Six Ways Culture Kills Change

Organizations Don't Resist Change — They Default to Habitual Patterns

From the Garvin & Roberto sidebar: organizations thrive on routines — predictable, automatic behaviors that enable efficient cognitive processing. Most routines are functional. Dysfunctional routines are those that were once appropriate but are now barriers to action. The critical feature: they are triggered automatically by familiar circumstances. Leaders must change the context before they can change the routine.

Routine 1

"Culture of No"

In cynical organizations, piling on criticism avoids risk and claims false superiority. Anyone can say "no"; no one says "yes." Named by Lou Gerstner at IBM. Most damaging in large organizations with divided subunits where powerful local leaders won't comply with corporate directives.

Routine 2

"Dog and Pony Show"

Process becomes more important than content. Elaborate presentations; enormous time obtaining sign-offs. Death by PowerPoint. The result: appearance of progress with little real headway. Common in bureaucratic cultures that confuse means with ends, and form with content.

Routine 3

"Grass Is Always Greener"

To avoid facing core business challenges, managers look to new products, services, or geographies. At times healthy, but too often an avoidance tactic that keeps tough problems at arm's length while the core deteriorates and leadership chases adjacencies.

Routine 4

"After the Meeting, Debate Begins"

Covert resistance: cordial meetings, followed by resistance outside the room. Resisters bypass formal process and take concerns directly to the top. Politics triumphs over substance; staff meetings become rituals; meddling becomes the norm. Hard to spot because it hides behind civility.

Routine 5

"Ready, Aim, Aim..."

The organization cannot settle on a definitive course of action. Continual proposals and reports; perpetual refinement without decision. Called "analysis paralysis." Common in perfectionist cultures where mistakes are career-threatening. People who rock the boat drown.

Routine 6

"This Too Shall Pass"

Where prior leaders proclaimed crisis but made few substantive changes, employees are jaded. They develop a bunker mentality and a reluctance to respond to management directives. The wisest move becomes working around new initiatives, or simply waiting them out.

Key insight: Dysfunctional routines are not character flaws — they were rational responses to prior circumstances. "This Too Shall Pass" makes sense if past change campaigns genuinely did pass. "Culture of No" makes sense where being wrong is punished more than being passive. Leaders must change the context before the routine, which is precisely what Phase 1 (Setting the Stage) accomplishes.

Diagnosing Which Routines Are Active

What You ObserveLikely RoutineDisplacement Approach
Great presentations, lots of meetings, nothing changesDog and Pony ShowReward decisions over process; reduce approval layers; set decision deadlines
Agreeable meetings; resistance appears later via back-channelsAfter the MeetingMake in-meeting dissent explicitly safe and rewarded; publicly call out covert resistance (Levy model)
Employees have seen 3 CEOs promise transformation; morale flatThis Too Shall PassMake burning platform undeniable with facts; early irreversible structural moves; quick wins that prove this time is different
Same initiative re-scoped four times; no launch dateReady, Aim, Aim...Separate exploration meetings from decision meetings; enforce decision deadlines with named owners
Every new idea immediately critiqued into non-existenceCulture of NoName it explicitly (Gerstner model); require critics to pair every objection with a constructive alternative
Leadership chasing new geographies while core slidesGrass Is Always GreenerAnchor strategy to Rumelt's honest diagnosis; make core challenge the explicit metric-tracked focus
03 — Brad Power: If You're Going to Change Your Culture, Do It Quickly

Stop Waiting for Culture to Change as a Byproduct — Make It the Strategy

Brad Power (HBR, November 2013) challenges the conventional wisdom that culture change takes years. His thesis: organizations that treat culture change as explicit, intentional, and first — rather than a hoped-for byproduct of process changes — see faster results. The case: Trane, the $8B subsidiary of Ingersoll Rand (HVAC and building management systems).

ARM: Allow · Reward · Model — the three levers for changing behavior fast
Culture change is operationalized through what leaders Allow, Reward, and Model — not through values statements or training programs

The ARM Framework

A

Allow

Remove barriers that prevent the target behavior. Give people structural permission, time, and space to behave differently. If the behavior isn't allowed by the structure, no encouragement produces it consistently.

R

Reward

Recognize and reinforce the target behavior immediately, specifically, publicly. Make clear the old behavior will no longer be rewarded. Formal and informal reward systems must align with the target culture — not the old one.

M

Model

Leaders personally demonstrate the target behavior. If leadership says "direct communication" but gossips, the culture learns from behavior not words. Modeling is the most powerful lever because it is undeniable evidence of what's real.

The Target Culture Architecture

Trane defines target culture explicitly with three elements that must connect directly to business strategy:

Vision

  • Where the organization wants to go together
  • Specific enough to guide behavior choices
  • A direction, not a tagline
  • Answers: what kind of organization do we want to be?

Mission

  • What they do together — the shared work
  • Connects individual roles to collective purpose
  • Must be lived in daily decisions, not posted on walls

Guiding Behavioral Principles

  • How all associates are expected to behave — specific, nameable
  • Must be behaviorally observable ("Direct with Respect")
  • Leaders demonstrate them; reward system reinforces them

The Trane Case: "Direct with Respect"

Sales Office Turnaround — Lowest Engagement Score in North America

Starting point: One Trane sales office with the lowest employee engagement score across all of North America. New leader appointed; single mandate: improve the culture.

Target behavior chosen: "Direct with Respect" — people talk directly to each other about issues, rather than behind each other's backs. Nameable, specific, behaviorally observable.

ARM in action:
Allow: Leaders ensured employees heard news from them directly before the grapevine. Structural permission to speak directly without political consequences.
Reward: When a leader observed "direct with respect," they recognized it immediately with a thank-you. When the behavior was absent, they specifically asked for it next time.
Model: Leaders demonstrated directness AND respect simultaneously in every interaction — not one or the other.

Measured at a 6-month pulse survey (not annual): Attrition dropped from 12% to 6%. Market share grew 2 points without new products. A customer called to say: "What is going on over there? I see something very cool in how your team is serving me." Trane North America overall: Y/Y operating income grew 20%+ without new products or market growth.

Conventional Wisdom vs. Power's Thesis

Conventional Wisdom (Underperforms)

  • Change processes first; hope culture follows eventually
  • Culture change takes years — too slow to be a near-term lever
  • Culture is soft and intangible; measure results instead
  • Annual engagement surveys to track progress
  • Training programs gradually shift norms

Power's Thesis (Validated by Trane)

  • Change culture explicitly and first; use it to drive processes and performance
  • Culture change done quickly and intentionally outperforms hoped-for drift
  • Name target behaviors specifically — observable, ARM-able
  • Pulse surveys at 6 months — culture moves faster than annual measurement captures
  • Culture discussion in every meeting; not a separate initiative
The Bonchek & Libert connection (Session 3): Power's ARM framework is the operational mechanism for the mental model shift Bonchek & Libert identified as prerequisite to business model change. Allow changes structural permission. Reward changes the measurement model — what gets recognized gets repeated. Model demonstrates the new mental model through leader behavior. All three model layers (mental, business, measurement) addressed simultaneously.
The speed paradox: Power's "do it quickly" and Murray & Richardson's Fast Forward are aligned — slow culture change is often no culture change. The distinction: Fast Forward focuses on structural moves (decisions, appointments) while Power focuses on behavioral levers (ARM). Both are required. Structural speed breaks inertia; ARM sustains behavioral change after structural moves.
04 — Case: CIBC — Transforming the Culture of Canada's Most Troubled Big-Five Bank

From Silo Bank to "One CIBC": A Culture-Led Competitive Repositioning

CIBC was, for decades, the most structurally and culturally troubled of Canada's Big Five. Its problems were not primarily strategic in the abstract — they were cultural: siloed divisions competing internally rather than serving clients, a risk culture that swung from reckless (2008 US structured finance exposure: $2.9B writedown) to over-cautious, and a talent culture that made CIBC a chronic feeder for TD and RBC.

Pre-Transformation Culture Pathologies

  • Siloed business lines competing for internal resources, not serving clients across the bank
  • Risk culture with no stable equilibrium — reckless then over-cautious
  • $2.9B structured finance writedown in 2008 — lasting reputational damage
  • Employee engagement consistently trailing TD, RBC, and Scotiabank
  • Top talent pipeline feeding competitors; CIBC as "training ground for Bay Street"
  • Multiple CEO transitions in succession — leadership instability

Victor Dodig's Transformation Mandate (CEO 2014–present)

  • "One CIBC" — break down silos; client is served by the whole bank
  • Purpose statement: "To help make your ambition a reality"
  • Client-centricity: from product-pushing to relationship banking
  • Digital-first as culture move, not just technology investment
  • CIBC Square (new HQ, 2021): physically designed for open collaboration
  • PrivateBancorp acquisition (2017, US): required disciplined culture integration

Applying the Frameworks: Diagnosing CIBC

Garvin & Roberto — Which Phase Was Hardest for CIBC?

Phase 1 (Setting the Stage) — the hardest: CIBC's burning platform was real (2008 writedowns, talent exodus) but Dodig's challenge was constructing urgency without a survival crisis — the bank remained profitable. Past CEOs had also announced transformations. "This Too Shall Pass" is the dominant dysfunctional routine. His answer: anchor urgency to competitive position (CIBC's NPS gap vs. TD is the burning platform) rather than financial distress. Competitive threat, not survival threat.

Phase 2 (Framing): "One CIBC" is a powerful frame because it names the dysfunction explicitly — the bank was operating as multiple CIBCs. Naming the problem makes it discussable. The purpose statement, office redesign, and cross-bank NPS as a shared metric all serve as framing devices that make the change legible.

Phase 4 (Reinforcing Habits) — the ongoing work: The core dysfunctional routine to displace is silo protection — divisions guarding their P&L rather than referring clients across the bank. Requires explicit behavioral enforcement: recognizing and rewarding cross-divisional collaboration; publicly calling out territory-protecting behavior when it appears at the leadership level.

ARM Framework — How Dodig Operates

Allow: CIBC Square's physical design — open collaboration spaces, no private offices for most leaders, shared amenities across business lines — removes structural permission for siloed behavior. You cannot avoid cross-functional interaction when the building doesn't support it.

Reward: Moving client NPS from a divisional metric to a bank-wide metric shared across all business lines. When compensation and performance evaluation include cross-bank client satisfaction, the reward system ARM-s "One CIBC" behavior rather than siloed behavior. The measurement model (Bonchek & Libert) must shift to sustain the mental model change.

Model: Dodig's consistent public communication about purpose — in every earnings call, employee communication, and external interview — models client-centricity from the top. Leaders learn what's real from what the CEO talks about and measures, not from the lobby poster.

The Quest Diagnosis (Anand & Barsoux)

CIBC's right quest: Customer Focus (reconfigure client experience — serve the whole client across the bank) with elements of Nimbleness (digital transformation, faster delivery). The trap Dodig must avoid: being seduced by Global Presence (PrivateBancorp US expansion creates that temptation) when the core culture transformation at home is still incomplete. JCP's Ron Johnson equivalent: prioritizing US growth before the domestic culture is fixed.

AI Angle for Team Presentations

  • AI-powered 360° client relationship intelligence: "One CIBC" requires every banker to know the client's full relationship across the bank. ML-driven client profiling makes cross-divisional collaboration practically possible — not just culturally aspirational. The AI makes the culture strategy operational.
  • Personalized digital banking: CIBC's digital investment — AI-driven personalized financial advice through the mobile app — extends the client-centric culture into digital channels where advisors aren't present. Culture must follow the channel mix.
  • AI in talent retention: CIBC's talent leak problem is a data problem. ML prediction of flight risk among high performers (from engagement, performance, and career progression signals) enables proactive intervention before talent walks out the door.
CIBC's particular challenge: Culture change without a survival crisis requires constructed urgency. Dodig's NPS-gap-as-burning-platform is the right move — but it needs to feel as existential to CIBC employees as a financial loss does. The question the class will debate: is competitive underperformance a sufficient substitute for survival threat? Garvin & Roberto's evidence suggests it can be — if the leader makes it undeniable through data, not rhetoric.
05 — Case: TD Bank — Customer Experience as Cultural Competitive Advantage

How Ed Clark Turned a Near-Bankrupt Bank Into Canada's Customer Experience Champion

TD Bank Group's culture transformation under CEO Ed Clark (2002–2014) is one of Canada's most studied deliberate culture change stories. Clark inherited a bank that had survived near-bankruptcy in the 1990s through the Canada Trust acquisition (2000) and was carrying the cultural residue of two incompatible institutions: a risk-taking, trading-heavy Bay Street culture and Canada Trust's client-centric community banking culture. His solution: choose explicitly — and scale the Canada Trust culture to the whole organization.

What Clark Inherited

  • TD near-bankrupt in 1990s — bad commercial real estate portfolio
  • Bay Street trading culture: risk-taking, short-term, internally competitive
  • Canada Trust merger (2000): two fundamentally different cultures in uneasy coexistence
  • No cultural identity or competitive differentiator
  • Customers experiencing TD as a commodity bank — indistinguishable from peers

Clark's Transformation Outcomes

  • Chose Canada Trust service culture — explicitly, publicly, irreversibly
  • "Legendary customer experience" as the organizing cultural imperative
  • Extended banking hours: 8am–8pm, 7 days a week — operationalized the culture
  • Exited structured products business (the Bay Street culture's anchor)
  • Commerce Bank acquisition (2007): US bank chosen for cultural compatibility
  • Result: TD consistently #1 in North American customer satisfaction — J.D. Power

The Extended Hours Decision: Culture Change as Structural Signal

TD's decision to offer banking hours from 8am to 8pm, seven days a week was not primarily an operational move — it was a cultural signal. In Murray & Richardson's terms: a Speed move that made the new culture physically real and irreversible. Banks don't extend hours because competitors force them — they extend hours because their culture demands serving customers on the customer's schedule. The move demonstrated, structurally rather than rhetorically, that "legendary customer experience" was the organizing principle. No employee could say "this too shall pass" after the hours changed — the structural change was undeniable evidence that this transformation was different.

Applying the Frameworks: Diagnosing TD Bank

Garvin & Roberto — TD's 4-Phase Persuasion Campaign

Phase 1 (Setting the Stage): Clark's burning platform — near-bankruptcy and merger instability — was undeniable. Unlike CIBC's Dodig, Clark did not need to construct urgency; it was evident. He chose which culture would win, stated it publicly, and committed immediately to structural moves (hours, branch design, exit from structured products) that made the choice real and irreversible.

Phase 2 (Creating the Frame): "Legendary customer experience" served as the frame that made every subsequent decision coherent. Why extended hours? Legendary experience. Why Commerce Bank (US acquisition target)? Culture-compatible legendary experience. The frame anticipated and answered objections before they were raised — the same logic Levy used at BIDMC.

Phase 3 (Managing the Mood): Exiting structured products was painful — profitable, high-status traders left. Clark had to manage the mood of bankers who had built careers in the old model while reinforcing that customer-serving banking was the higher-status path forward.

Phase 4 (Reinforcing Habits): J.D. Power rankings, branch NPS, and customer complaints tracked at CEO level made the culture tangible and measurable. Decisions evaluated by "how does this affect the customer experience?" rather than "how does this affect branch P&L?" — a behavioral norm enforced from the top.

ARM Framework — TD's Operational Culture Mechanics

Allow: Frontline staff empowered to resolve customer issues without managerial escalation — given tools, authority, and budget to solve problems on the spot. Without this authority, "legendary service recovery" is impossible regardless of cultural intent.

Reward: Branch performance measured on customer satisfaction alongside financial metrics. Managers evaluated on NPS alongside revenue. The reward system aligned with the target culture — high performance rating was impossible with low customer satisfaction scores.

Model: Clark banked at TD branches as a regular customer — not on CEO inspection visits, but as a genuine user of the service. This single behavior modeled the culture more powerfully than any all-hands address: if the CEO treats TD branches as real, everyone understands the culture is real.

Commerce Bank Acquisition (2007): Culture Due Diligence as M&A Strategy

When TD expanded to the US, Clark chose Commerce Bank not for financial metrics but for its culture. Commerce Bank was known as "America's Most Convenient Bank" — same extended hours philosophy, bright accessible branches, customer-first service model. The logic: acquiring a culture-compatible US bank meant Phase 1 (Setting the Stage) was pre-solved — employees already shared the target values. TD preserved and extended Commerce Bank's culture rather than imposing its own on a culturally hostile acquisition. Result: TD Bank USA became J.D. Power's #1-rated large bank in the US for customer satisfaction.

CIBC vs. TD: The Culture Change Contrast

DimensionTD Bank (Clark)CIBC (Dodig)
Burning PlatformNear-bankruptcy + merger instability — undeniable, survival-levelCompetitive weakness + talent exodus — real but required construction
Cultural ChoiceExplicit: chose Canada Trust culture; rejected Bay Street model publiclyExplicit: "One CIBC" — named the dysfunction and the required solution
Structural AnchorExtended hours — irreversible behavioral proof that the culture was realCIBC Square — physical proof that collaboration was structurally enabled
Quest (Anand & Barsoux)Customer Focus — clear, uncontested, every decision aligned to itCustomer Focus + Nimbleness — fused by digital transformation imperative
Measurement ModelJ.D. Power rankings; branch NPS tracked at CEO level; customer complaintsCross-bank NPS; digital engagement metrics; talent retention rates
Hardest PhasePhase 3 (Mood) — managing exit of high-status Bay Street tradersPhase 1 (Stage) — constructing urgency without a financial survival crisis

AI Angle for Team Presentations

  • AI-powered service recovery at scale: When a customer has a service failure, ML models can predict the right resolution offer before the agent decides — ensuring "legendary experience" even in failure states. Culture is embodied in the AI, not just the employee.
  • Predictive churn and proactive outreach: TD's customer NPS system augmented with ML prediction of which customers are at churn risk based on service interaction patterns — enabling proactive outreach before satisfaction falls, not just measuring after it already has.
  • AI-extended customer experience (TD MySpend, TD Direct Investing): The cultural challenge — does "legendary experience" extend to digital? The AI tools must embed the same customer-centric values as the branch experience, or the culture becomes fragmented by channel.
The TD insight worth saying in class: TD's culture change worked because Clark chose a structural anchor — extended hours — that made the new culture physically observable and impossible to deny. The culture wasn't described; it was operationalized. This is Power's ARM model at its most powerful: the structure itself (hours, branch design, service authority) ARM-ed the target behavior before any training program ran. Culture change through structural commitment, not through aspiration.
06 — Discussion Hooks & Participation-Ready Lines

Questions That Will Come Up + How to Answer Them

Opening Provocation
"Garvin and Roberto say most leaders announce a plan and wait for culture to follow. Why is that instinct so persistent even though it almost never works?"
Two reasons. First, the persuasion work is invisible — setting the stage, framing, managing mood — produces no artifact, no slide deck, no announcement. Leaders feel they're doing nothing when they're doing the hardest thing. Second, most change leaders are technically excellent — they built their careers on the quality of plans, not on emotional and political orchestration. Persuasion feels like manipulation. Garvin & Roberto's distinction: persuasion done well is ensuring that accurate information about a genuine situation is received and processed by people who would otherwise filter it through past disappointments. Levy's Day 1 work — the email, newspaper interviews, Hunter Report on intranet — was not spin. It was making the truth undeniable.
Culture Speed Challenge
"Power says you can change culture quickly. But CIBC has been transforming its culture for a decade. Is the 'do it quickly' thesis wrong — or is CIBC doing something wrong?"
Power's thesis is more precise than it sounds. He's not saying culture change is fast — he's saying it's faster when treated as explicit and first, rather than as a hoped-for byproduct. CIBC's challenge is different: Dodig is doing culture change seriously, but without a genuine survival-level burning platform. This makes Phase 1 (Setting the Stage) much harder. When the organization isn't in crisis, "this too shall pass" is a rational employee response — previous leaders also announced culture transformation, and the bank kept generating profits. The faster path for Dodig would have required constructing urgency with greater specificity: naming the competitive NPS gap to TD as an existential threat with a specific timeline, not just a performance improvement target. Absent credible urgency, even good ARM interventions take longer to take hold.
Dysfunctional Routines Hook
"Which of the six dysfunctional routines is hardest to break — and why?"
The toughest is "This Too Shall Pass" — because it's self-reinforcing through experience, not character flaw. In an organization that's had three failed transformation attempts, the bunker mentality is rational. Employees who didn't adopt it got burned — they invested in the transformation, took risks, and were exposed when it faded. The resisters are the smart ones, historically. Breaking it requires not just new words but demonstrably irreversible structural moves — like TD's extended hours decision, which could not be undone without visibly admitting defeat. The other five routines can be addressed through behavioral reinforcement relatively quickly. "This Too Shall Pass" requires proving that this time is categorically different — which takes structural commitment and time, not persuasion alone.
TD vs. CIBC Contrast
"Both TD and CIBC are pursuing customer-centric cultures. Why has TD's transformation been more complete?"
Three structural differences. First, burning platform: Clark had a credible survival crisis that made denial impossible. Dodig manages competitive weakness — real but not visceral. Second, cultural choice clarity: Clark chose explicitly between Bay Street trading culture and Canada Trust service culture, naming the loser. "One CIBC" names the dysfunction but doesn't name a cultural loser as explicitly — there's less clarity about what must end. Third, structural anchor: extended hours was a physical, irreversible manifestation of the culture — an ARM move requiring no individual mindset change to prove organizational commitment. CIBC Square is the equivalent move, but relocating a headquarters doesn't change behavior at the branch level the way extended hours do every single day.
Framework Integration
"How do Garvin & Roberto's 4 phases connect to Murray & Richardson's winning conditions from Fast Forward?"
They operate at different levels but map cleanly. Guidance (Fast Forward) maps to Phase 2 (Creating the Frame) — you can't provide clear guidance without framing the plan correctly. Speed maps to Phase 1 (Setting the Stage) — the speed of early structural moves is what makes the stage credible, not the words. Momentum maps to Phase 3 (Managing the Mood) — early wins are the proof points that shift the organization from "wait and see" to "get on board." The CEO commitment precondition maps to Phase 4 — without CEO commitment to publicly reinforcing behavioral norms, backsliding is inevitable. Used together: Fast Forward tells you what structural moves to make; Garvin & Roberto tell you what to do communicatively and emotionally around those moves. Both are required.
Personal Experience Hook
"Have you seen a culture change initiative at your organization? Which of the four phases was handled well — and which was skipped?"
The most common skip: Phase 1 (Setting the Stage). Most organizations go straight to announcing the plan (Phase 2). The result: employees hear the plan before they believe change is necessary, so they evaluate it through "how does this affect me?" rather than "how does this save us?" The worst version: culture initiative starting with new values posted in the lobby — no stage, no frame, no mood management — and wondering why nothing changed six months later. Your personal example to offer: any time a leader came in, walked the organization through a third-party diagnosis (Levy/Hunter Report equivalent), and created undeniable evidence of the burning platform before announcing a solution. That sequence — stage first, plan second — is what separates transformations that stick from initiatives that pass.
07 — Exam-Ready Q&A

Likely Exam Questions with Model Answers

Q1: Apply Garvin & Roberto's four-phase persuasion model to a culture change you've observed or studied. Which phase was most neglected — and what were the consequences?
Structure your answer:
1. Name the organization and the culture change. Brief context: what was the culture problem? What transformation was attempted?
2. Assess each of the four phases explicitly:
  — Phase 1 (Setting the Stage): Was there a credible burning platform? Did the leader differentiate from predecessors through behavior? Was the truth made undeniable — or manufactured?
  — Phase 2 (Framing): Was a frame provided that helped employees interpret the change correctly? Were objections anticipated? Did employees feel ownership of the plan?
  — Phase 3 (Managing the Mood): Did leadership attend to the emotional climate? Was the balance of optimism and realism well-calibrated?
  — Phase 4 (Reinforcing Habits): Were behavioral standards enforced publicly? Were dysfunctional routines named and addressed? Did leadership model new behaviors?
3. Identify the most neglected phase and consequences: Most commonly neglected — Phase 1 (skipped, so "This Too Shall Pass" activates). Second most common — Phase 4 (abandoned, so initial momentum dissipates as old routines reassert).
4. Prescribe: What specific actions in the neglected phase would have changed the outcome?
Q2: Brad Power argues culture change should be treated as first, not as a byproduct of process change. What is the ARM framework, and how does it operationalize culture change? Apply it to either CIBC or TD Bank.
Structure your answer:
1. Explain the Power thesis: Conventional wisdom — change processes, hope culture follows. Power's inversion — change culture explicitly and first; use it as the lever for process and performance improvement. Speed matters: slow culture change is often no culture change.
2. Explain ARM:
  — Allow: Remove structural barriers preventing the target behavior. If it isn't structurally possible, no encouragement produces it consistently.
  — Reward: Recognize target behaviors immediately, specifically, publicly. Align formal performance systems with target culture, not old culture.
  — Model: Leaders personally demonstrate the target behavior. Modeling is undeniable evidence of what's real — more powerful than any statement.
3. Apply to TD Bank: Allow — extended hours structurally permitted "legendary experience" delivery; frontline empowerment to resolve complaints without escalation. Reward — branch managers evaluated on NPS alongside revenue; J.D. Power rankings as organizational scoreboard. Model — Clark banked at his own branches as a customer; his behavior signaled the culture was real, not performative.
Q3: What are "dysfunctional routines," and why are they hard to break? Pick two and explain what a leader must do to displace them.
Structure your answer:
1. Define dysfunctional routines: Predictable, automatic behavioral patterns — originally rational responses to organizational circumstances — that have become barriers to change. Hard to break because they are triggered automatically by familiar stimuli, not conscious choice. They intensify under the stress of change, precisely when new behavior is most needed.
2. Pick two with displacement approaches:
  — "This Too Shall Pass": Rationally grounded in past experience — employees have earned their cynicism. Displacement requires: (a) make the burning platform undeniable with facts, not rhetoric; (b) make early structural moves that are demonstrably irreversible (extended hours, posting the Hunter Report, exiting structured products); (c) deliver on commitments faster than cynicism can organize. Levy and Clark are both archetypes.
  — "After the Meeting, Debate Begins": Covert resistance is safe and effective. Displacement requires: (a) make in-meeting dissent explicitly safe and rewarded; (b) publicly call out post-meeting resistance when it surfaces (Levy's public email to the medical chief); (c) close the gap between meeting decision and implementation — no window for covert organizing.
3. The underlying principle: Dysfunctional routines are displaced by changing the context, not by asking people to choose differently. Phase 1 changes the context. Phase 4 substitutes desired behaviors for dysfunctional ones through explicit reinforcement.
Q4: Apply all three session frameworks (Garvin & Roberto, Brad Power/ARM, and the dysfunctional routines framework) to either CIBC or TD Bank. What does each reveal that the others miss?
Structure your answer (using TD Bank):
1. Garvin & Roberto reveals: The persuasion architecture beneath the transformation. TD's success is explained not just by strategic choices but by the sequencing of Clark's communication campaign — undeniable burning platform (Phase 1), "legendary customer experience" as the coherent frame for every decision (Phase 2), managing the mood of the trading culture's exit (Phase 3), customer-satisfaction behavioral standards enforced at CEO level (Phase 4). Garvin & Roberto reveals that TD's strategy was simultaneously a communications and emotional management strategy.
2. ARM reveals: The operational mechanism — why the culture actually changed in daily behavior, not just in leadership speeches. Extended hours = Allow. J.D. Power rankings + NPS in performance evaluation = Reward. Clark banking at his own branches = Model. ARM reveals the behavioral levers beneath the strategic frame.
3. Dysfunctional routines reveal: What Clark was actually fighting against — and what could have derailed him. TD's biggest risks: "Grass Is Always Greener" (Bay Street traders wanting to pursue structured products rather than fix core client business) and "This Too Shall Pass" (employees with memories of prior instability). Understanding the active routines tells you where Phase 4 reinforcement was most critical.
4. The integration: Garvin & Roberto provides campaign architecture (sequencing). ARM provides behavioral mechanics (levers). Dysfunctional routines provide the diagnostic (what resistance to fight). A complete culture change argument addresses all three.
08 — Cross-Session Connections

How Session 4 Connects to the Rest of the Course

← Session 3 (Fast Forward)

Culture is the substance of the winning conditions: Murray & Richardson's Guidance, Speed, and Momentum are structural conditions. Garvin & Roberto's 4 phases are the cultural and communicative conditions. Speed without the persuasion campaign = structural moves that don't stick. The persuasion campaign without structural speed = good intention with no momentum.

← Session 3 (Bonchek & Libert)

ARM operationalizes the mental model shift: Bonchek & Libert said you must change the mental model before the business model. Power's ARM framework is the mechanism for doing so at organizational scale. Allow removes structural barriers to new thinking. Reward makes new thinking reinforced and visible. Model shows what new thinking looks like in leadership behavior.

← Session 3 (Anand & Barsoux)

Quest determines target culture: The right quest defines what target culture must look like. A Customer Focus quest (TD Bank) requires specific target behaviors — legendary service, empowered frontline, client-first decisions. ARM those behaviors. Misdiagnose the quest, and you ARM the wrong culture — with full commitment and no results.

→ Sessions 5–6 (M&A)

Culture integration is where deals succeed or fail: TD's Commerce Bank acquisition succeeded because Clark chose a culture-compatible target — Phase 1 (Setting the Stage) was pre-solved. The GE integration playbook (Session 6) addresses this explicitly. The Garvin & Roberto 4 phases apply directly to post-merger culture integration: setting the stage for the acquired company's employees, framing the combined entity, managing retention-level mood, reinforcing new norms across both workforces.

→ Session 7 (Turnaround)

Turnaround is culture change under extreme time pressure: Every turnaround requires breaking the dysfunctional routines that created the crisis and replacing them with new behaviors — fast. The BIDMC case sits at the intersection of turnaround and culture change and illustrates that the 4-phase persuasion campaign is the turnaround leader's primary tool, not the financial restructuring plan.

Final Exam Thread

Culture as the implementation variable: For your final exam company, run the full Session 4 diagnostic: What is the target culture? Which dysfunctional routines are active? Which of the 4 persuasion phases has been handled well — and which neglected? What are the ARM levers available? This diagnostic sits beneath every major strategic decision and determines whether strategic intent becomes organizational reality.

Assignment — Session 4: CIBC & TD Bank (Due: June 28, 2026)

Case Analysis: Changing Organizational Culture

Apply Fast Forward Ch.5, Garvin & Roberto's 4-phase persuasion campaign, and Power (HBR) to each bank's culture change challenge. Framework application is graded — name the tool, then use it.

Q1: What is the nature and scope of each company's business?
CIBC: Canada's 5th-largest bank by assets (~$950B+), offering retail and business banking, wealth management, and capital markets across Canada, the US (Atlantic Trust, PrivateBancorp/CIBC Bank USA), and select international markets. Approximately 45,000 employees, 11M+ clients. CIBC has historically had the most Canada-concentrated revenue mix among the Big 5 — which means it faces disproportionate exposure to domestic FinTech disruption.

TD Bank: Canada's largest bank by assets (~$2T+), the 6th-largest in North America. Roughly half of revenue comes from the US (TD Bank America's Most Convenient Bank — 1,200+ branches from Maine to Florida). Also significant in TD Securities (capital markets) and TD Asset Management. TD's US retail franchise is the defining strategic asset — and the source of its most significant current crisis (AML/BSA compliance failures, 2024 deferred prosecution agreement with US DOJ).
Q2: How successful have they been over the last decade?
CIBC: The decade story is stabilization and strategic refocus after the 2008 crisis, followed by deliberate US expansion. The PrivateBancorp acquisition (2017, $3.8B) was the defining move — adding US private and commercial banking exposure. Profitability has been consistent; ROE has tracked the Canadian Big 5 average. However, CIBC has consistently underperformed TD and RBC on total shareholder return, largely due to more limited geographic diversification. Not a struggling bank — a good bank playing for third place.

TD Bank: TD's decade-long thesis was US organic growth through its branch network ("most convenient bank" brand) + selective M&A, generating consistent ROE leadership among the Big 5. The First Horizon acquisition attempt ($13.4B, 2023) was terminated due to regulatory concerns — a major strategic setback. The 2024 AML/BSA deferred prosecution agreement with the US DOJ, accompanied by an asset cap on TD's US retail bank, is the defining event of the decade: TD went from the best-performing Canadian bank to one managing a regulatory crisis that limits US growth for years.
Q3: What is the impact of digital technology on the financial services industry over the next 5 years?
Open banking (Canada 2025–2026): Will force both banks to expose data and systems to third-party competitors — traditional banking moats (proprietary customer data, switching costs) erode structurally. FinTechs can now offer bank-grade products without bank overhead costs.

AI-driven cost reduction and competition: AI will dramatically reduce the cost of credit adjudication, fraud detection, and customer service (chatbots, AI advisors). This helps incumbents reduce costs — but also enables new entrants to offer bank-quality products at FinTech economics. Wealthsimple, Koho, and Neo Financial are already capturing the most profitable retail customer segments (young professionals) with AI-native experiences.

Payments disruption: Real-time payments (RTR in Canada) and digital wallets (Apple Pay, potential Apple banking services) threaten fee-based payments revenue — historically one of the most profitable banking activities. Both banks must decide whether to compete on payments infrastructure or partner with platform players.

Wealth management democratization: AI-powered robo-advisory and personalized financial planning at scale threaten the high-margin private banking segment. TD Wealth and CIBC Wood Gundy face AI-native competitors that can deliver comparable advice at a fraction of the cost.
Q4: What opportunities and challenges necessitate strategic and cultural change?
CIBC — challenges: FinTech erosion of the most profitable retail segments (young professionals choosing Wealthsimple over CIBC); rising credit losses in post-pandemic rate environment; talent competition for AI/technology capabilities from tech companies offering better total compensation.

CIBC — opportunities: AI-enabled wealth advisory at scale (the democratization of private banking economics); SME banking (underserved by big banks and ideal for digital delivery); US expansion (PrivateBancorp platform is a foundation for broader commercial banking growth in high-GDP US markets).

TD — challenges: The AML compliance crisis is the defining constraint — TD's US retail bank is under an asset cap, US M&A is off the table, and regulatory rebuild will consume management attention and capital for 3+ years. The compliance failure was a culture failure (escalation norms, incentive structures rewarding growth over compliance) — which makes it a culture change problem, not just a process problem.

TD — opportunities: If the compliance rebuild is done right, TD emerges with risk management infrastructure superior to any North American competitor — a genuine differentiator in an era where regulatory trust is a competitive asset. Canadian digital banking is a platform TD already leads; the US hiatus frees capital for domestic digital investment.
Q5: What lessons about culture change can be learned from each company's experience?
CIBC — lesson: behavior-based culture change works faster than values-based change. CIBC's post-2008 transformation embedded client outcomes directly into performance management metrics — not values statements or culture workshops, but ARM levers (routines and management processes as Garvin & Roberto describe). When CEO Victor Dodig publicly tied executive compensation to client experience scores, behavior changed throughout the organization within 18 months. The lesson: visible executive behavior change + metric change = culture change. Communications programs alone change nothing.

TD — lesson: culture failures in large organizations are systemic, not individual. TD's AML compliance failure was not a rogue employee problem — it was a culture in which commercial growth metrics crowded out compliance behavior across the organization. The lesson from Garvin & Roberto: Phase 1 of the persuasion campaign (prime the organization) requires naming the dysfunctional pattern publicly and at the CEO level. If the CEO frames the compliance failures as isolated incidents, the culture will not change. If the CEO names the pattern ("we built a culture that prioritized growth over compliance, and that must change"), Phase 1 is complete and Phase 2 becomes possible.

Power (HBR) principle applied to both: Culture change done slowly is culture change done wrong. Both banks face a temptation to "gradually" embed new behaviors — but Power's evidence suggests this produces neither the old culture nor the new one. The most successful culture changes are declared, rapid, and reinforced through early visible wins.
Q6: What recommendations would you have to ensure a successful culture transformation?
CIBC — 4 recommendations:
  1. Accelerate AI adoption as a cultural priority, not just an IT project — the banks that win the next decade will embed AI into the everyday work of every banker. This requires a cultural shift from "we hire experts who use technology" to "we hire professionals who work with AI."
  2. Double down on US private banking/commercial platform — CIBC has a legitimate beachhead; a focused US wealth management strategy (not trying to be TD Bank US, but owning the mid-market commercial segment) would deliver higher ROIC than Canadian retail growth.
  3. Redesign the branch network as advice and relationship centres — physical branches should handle complexity, not volume. AI handles volume. This is both a cost strategy and a culture change: "our branches exist for our most important relationships."
  4. Apply Power's "do it quickly" principle to digital transformation — CIBC's risk is a half-hearted digital transformation that produces neither the cost efficiency of digital-first nor the relationship quality of traditional banking. Set a hard deadline for branch network transformation and communicate it clearly.
TD — 4 recommendations:
  1. Treat the compliance rebuild as the strategic priority, not the constraint — the banks that emerge strongest from regulatory crises are those that use them to build genuinely superior risk management infrastructure, not those that minimize remediation effort.
  2. Articulate a clear "Post-Restriction Growth Strategy" to shareholders and employees — organic US expansion + Canadian digital leadership + capital returns is a credible story without US M&A. Name it explicitly, or the organization will fill the strategic vacuum with uncertainty.
  3. Apply Garvin & Roberto's 4-phase campaign to the compliance culture change — Prime (CEO names the cultural pattern publicly); Reframe (compliance is the foundation for sustainable growth, not the enemy of it); Manage the mood (early wins — specific compliance investments that prevent recurrence, visible to employees); Reinforce credibility (new leadership behavior rewarded, old behavior not tolerated).
  4. Double down on Canadian digital banking where TD already leads — the US asset cap frees capital and management attention for domestic investment that could widen TD's Canadian digital advantage significantly before restrictions lift.
Q7: What is your vision for each company in 5 years if transformation efforts are successful?
CIBC in 2031: Canada's leading AI-enabled relationship bank — top in client satisfaction scores (measured, compensated, and publicly reported), with a clear #2 US private banking/commercial franchise in its target mid-market segment. The Canadian retail network is 30% smaller, 100% more digitally enabled; the savings fund the technology investment. CIBC's brand position has shifted from "the underdog Big 5 bank" to "the bank that works hardest for its clients," and that positioning is backed by measurement.

TD in 2031: North America's most trusted bank — a regulatory crisis turned into a brand advantage. The compliance-first culture, if authentically embedded, becomes TD's durable differentiator in an era where institutional trust is the scarcest resource in financial services. The US retail bank has returned to controlled organic growth (asset cap lifted), Canadian digital banking leads the market, and TD's risk management infrastructure is a model studied by regulators globally. The AML crisis is remembered as the inflection point that made TD genuinely better — not the scandal that broke it.
MBUS 804 · Session 4 Prep · Queen's Smith AMBA 2026