Santander Consumer Finance Essay Example

Santander Consumer Finance Essay Name: Course: Instructor: Date: We will write a custom essay sample on Santander Consumer Finance specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Santander Consumer Finance specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Santander Consumer Finance specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Santander Consumer Finance 1. Please describe and evaluate the Country/Political Risk faced by this organization and describe its successes and failures Santander consumer finance operates in different countries spread out in the whole of Europe, thus different political risks are posed by different countries depending on the individual political climate of these countries. In Eastern Europe, the company has not had significant hold of the market because of the different cultural perceptions about loans. Moreover, the presence of stringent regulations due to political authoritativeness in such countries makes it difficult to conduct business. However, in parts of central Europe such as Germany, France, Spain, Italy the company has had exceptional success and entry in the markets due to the growth in spending power and motor vehicle users (Trumbull, Corsi, Barron, 3). 2. What has been the lending strategy followed by Santander? Are lending decisions based on the credit background of the borrower, or on the riskiness of the venture? How do they manage risk? How do they finance their loans? Why is there so little cross-border borrowing? Increase of consumption of goods in Europe has taken on an identical trend similar that of the United States where consumers purchase many goods, more so credit using credit cards. Information about the credit worthiness of customers in Europe was not sufficient to enable the company assess if the customers of the European countries were risky customers or on the contrary. Lending by Santander is based on the risk of a customer by evaluating their credit worthiness using different internal risk models. The different countries that Santander has operations have different methods of evaluating credit worthiness thus the company is able to mitigate the risks of having the loan seekers defaulting on their payments. Cross-border credit has been minimal because of the presence of natural, cultural and regulatory bureaucracies (Trumbull, Corsi, Barron, 12). 3. How is the lending strategy different to US commercial banks? The banks in the United States lending strategy are different because the consumers in the United States reflect higher spending and consumption of goods. Consumer Finance Groups and banks in the United States issue loans at prices in related to the risk of the loan. In addition, the business models available in the United States are formed based on a particular segment of risk to enable the company to understand things like possibility of default, repossession and re-entry of the repossessed products into the market (Trumbull, Corsi, Barron, 19). 4. As a consultant to the CEO, what would you suggest Magda Salarich do now? Please obtain, identify and evaluate the data and conduct a multi-perspective analysis of the evidence to make a logical recommendation for solving the problem with a global perspective. Defend your recommendation and communicate your beliefs clearly and accurately. Different options are available to Magda Salarich in terms of what market or new products the company should invest in. New investments ensure that the company is able to keep its competitive edge in the finance market while keeping its stronghold in the consumer finance market. Diversification of investments by new products such as personalized credit, banking options such as savings and entry into new markets is a risky affair; however, the diverse markets will enable the company to spread out its risk to the different markets, which react differently to global market conditions (Trumbull, Corsi, Barron, 22). I would recommend that due to the annual constant rises in the spending power of emerging economies the company should seek a share of the banking and credit market Russia, India, Brazil are among the merging economies that have seen a steady increase in the spending power. This could be interpreted as a potential market that Santander consumer finance could offer automotive insurance, personalized credit and banking services. The increase in spending power means that the people are either looking for somewhere to invest their money such as purchases of vehicles by loans at constant rates. China on the other hand provides one of the largest markets due to the vast populations. This means that the population available by using the right channels could offer a lucrative automotive, market in relation to records showing that the country had car ownership of an estimated 200 million (Trumbull, Corsi, Barron, 24). Thus if the company can be able to penetrate the automotive insurance, the n it could acquire at least five percent of the market share which is 10 million vehicles sold via credit in China alone, this is quite significant for the company and should not be ignored. I think that Salarich should pursue entry into these new markets because they are not crowded. This can also be strengthened by introduction of new products that are lucrative to potential consumers in the different countries. In addition, the company can also bring aboard experienced and competent local managers, as they are knowledgeable in these new markets and will accrue significant benefits to the company in terms of understanding the consumer needs. Work cited Trumbull, Gunnar, Elena Corsi, Andrew Barron. â€Å"Santander Consumer Finance† Harvard Business School: 9-711-015. (December 13 2010). Print.

How to Answer These 5 Common (but tough) Interview Questions

How to Answer These 5 Common (but tough) Interview Questions Even the best job interviews sometimes have deer-in-headlight moments†¦the times when you get a question you can’t answer with a breezy, offhand response. While your brain reaches for a response that sounds coherent and hire-worthy, the pause can feel like an eternity. If you go into the interview extra-prepared to field some common questions, you can avoid that and come off as the smooth operator you know you can be. Also don’t forget to prepare for these hardest interview questions. You never know when you might get hit with these tough questions.1. â€Å"Tell me a little bit about yourself.†This is not an invitation to talk about your childhood hopes and dreams (unless you’re interviewing to be a cowboy astronaut) or a request to detail your square-dancing hobby. Remember what you’re there to talk about: you as the ideal candidate for this particular job. This question is a chance to give a quick outline of the elements of your education and career background that make you a super fit for this position.2. â€Å"What are your strengths?†Again, you need to target your response to the job for which you’re interviewing, but this one has the added sandtrap of testing your humility. If your answer makes you seem like a combination of Steve Jobs and Mother Theresa, dial it back a bit.Before your interview, come up with three qualities that make you look like a strong candidate for the role. Good answers: â€Å"I’m extremely organized;† â€Å"I work very well in a team-oriented environment;† or â€Å"I have a long track record of turning leads into sales.† Bad answers: â€Å"I’m one of the smartest people I know† or â€Å"I win at any cost.†3. â€Å"What are your weaknesses?†Similar to #2, this is a bit of a trap. The interviewer is not your therapist/clergyperson. Don’t confess to lifting office supplies from your last job or talk about your weakness for buying Precious Moments figurines from Amazon. Make sure that your response contains a little bit of spin (but not too much- again, the humility thing comes into play here).For example: a stated weakness could be that you try to take on everything at once. But as soon as you say that, acknowledge that you know the importance of delegating projects throughout the team and working together toward a common goal, so you will always strive to make that balance of your own hard work and looping other people in. Whatever you respond, be sure to flip the script and finish up with how it makes you a stronger candidate and how you know you can turn that into a productive quality for this position.4. â€Å"Why did you leave your last job?†Depending on how things went at your old place, you might be sorely tempted to be totally honest. However: bite your tongue. You will gain nothing from trash-talking your former colleagues and bosses- and things could get awkward very fast if your interviewer knows people at your last company. Instead, be as honest as you can while spinning it a little to emphasize your current opportunity: â€Å"I felt I’d grown as much as I could in my last role, and I think this job is a logical next step for me.†If you were fired from your last job, this makes things trickier, but not a lost cause. Never lie about it (as this is easily checked by the interviewer), but rather talk about the reasons your last job was not a good fit for your goals or what you learned from the difficult situation.5. â€Å"Aren’t you overqualified for this job?†In a complicated economy, sometimes we find ourselves applying for jobs that might be a step back, qualifications-wise. Maybe you wanted that reach-y dream job, but your mounting bills and frustrations mean you’re willing to be flexible and take a job that might be slightly lower in seniority or salary.If the interviewer asks you about being overqualified, emphasize t he reasons you want this job. They’re asking because they’re concerned you might not find the job challenging enough or that you will skip out as soon as another opportunity comes along. You can reassure them by talking about how this role is in line with what you like about your field, and how you see yourself growing in the role.You can also talk about how you understand that your resume may seem a few steps ahead of this particular role, but you’re interested in a permanent role at this company, and would like to bring your extensive experience to the job and make it your own.Preparation is your friend here. If you think ahead of time about questions that are almost guaranteed to come up, you’re more likely to avoid the awkward deer moment and keep the interview seamlessly moving forward.

Human Services Issues Research Paper Example | Topics and Well Written Essays - 3750 words

Human Services Issues - Research Paper Example It is shown in the articles of Bosman (2010) and Kaufman (2008) that since housing takes up the largest percentage of individual and family income traditional belief indicates that this whole population is in the verge of homelessness, and numerous do become homeless at some point in their poor life. Other, more definite roots of homelessness involve issues of employment, weakening public support, limited affordable housing, substance abuse, mental problems, domestic violence, and lack of health insurance (McNamara 2008). Any one of these issues is adequate to make a family or an individual homeless, and for numerous people, homelessness is the outcome of a personal conflict between being employed in a low-paying job with no health privileges and lack of accessible, low-priced housing. A family and individual in the aforesaid situations usually cannot pay for housing on their earnings from a minimum-wage employment, and they are not entitled to public support. This reality is accurat ely described by Bosman (2010) by stating that administration officials were surprised and demoralized by the marked increase in the prevalence of homelessness. Even the commissioner of homeless services, Robert Hess, declared that the city of New York is now feeling the enlargement in its massive shelter system several years ago (McNamara 2008). As cited by Bosman (2010), Hess declared, â€Å"And now we’re seeing the devastating effect of this unprecedented poor economy on our streets as well† (ibid, para 2). Statistics show that children make up 25% of the homeless in urban areas, and among the homeless adult, 14% are unmarried females and 47% are unmarried males (McNamara 2008, 52). Previous reports from the 1997 study of the U.S. Conference of Mayors of homelessness in urban areas suggest that 36% of the population of homeless people is made up of homeless families (McNamara 2008, 52). New York City, as clearly explained by Bosman (2010), is bearing the brunt of th e national recession. However, homelessness is not just an outcome of the declining economy; it is also brought about by the reduction in the number of low-priced housing alternatives to working and poor individuals and families in New York City. The article of Bosman (2010) gives the insight that in other corners of the United States individuals blame their homelessness and poor conditions on impoverished individuals. The traditional belief that poor individuals become poor due to their own weaknesses remains. This belief normally rules out children, who are regarded innocent, but it is difficult to support children without supporting their parents. Although Bosman (2010) obviously think that it is vital for individuals to assume responsibility for their own lives, it is also vital that in an affluent country for society to also assume responsibility. In several regions of the country, homelessness and poverty are quite indiscernible (McNamara 2008). Bosman’s (2010) article showed that the homelessness and poverty awareness of New York has raised a very developed knowledge of poverty and its roots. This article indirectly shows hard proof that the officials of New York understand the problem of homelessness. Meanwhile, the most