The Brides Actions

Theological Proposition/Focus:

Homiletical Proposition/Application: We must always be on guard against distractions. As a church we are called to proclaim Christ through specific God ordained means.

Introduction:

Image: Wells Fargo, focus on what you are good at

Between 1983 and 1994 Carl Reichardt played a pivotal role in transforming Wells Fargo into one of the largest and most successful financial institutions in the United States. His strategic vision, leadership, and focus on operational excellence helped position Wells Fargo for long-term growth and success.

Something that Carl Reichardt especially emphasized was keeping the main thing the main thing. Reichardt emphasized focusing on Wells Fargo's core competencies and strengths within the financial services industry. Instead of trying to be all things to all people, he concentrated on areas where Wells Fargo could excel, such as retail banking, mortgage lending, and commercial banking. Reichardt ensured that Wells Fargo's resources were aligned with its strategic priorities. He directed investments in areas that supported the company's core business lines and competitive advantages, while divesting from non-core assets that did not fit with its long-term strategy. By focusing on core competencies, providing clear strategic direction, aligning resources, promoting simplicity and clarity, and maintaining a long-term perspective, Reichardt helped position Wells Fargo for sustained success during his tenure as CEO.

Reichardt has been praised for employing what is sometimes known as the hedgehog principle. The concept is inspired by an ancient Greek parable delivered by the philosopher Archilochus that contrasts the behaviors of the fox, who knows many things, and the hedgehog, who knows one big thing.