Office Management Assignment Example | Topics and Well Written Essays - 2750 words

Office Management - Assignment Example We have began to receive online application for mortgages in keeping with the high growth rate of the industry. Mortgage institutions originated approximately $2.3 trillion in total home mortgages in 2003. As mortgage manager handling a group of mortgage officers, I realize my task is more than just supervising my team and monitoring their performance. This is the professional level and I come to believe our relationship must subtly go beyond the professional realm for us to be effective as a team. In my mind, I have to assume a parent figure. I have to care for them, know when my officers are tired, pressured, or experiencing burnout. I have to guard against being a slave driver and instead be a coach, know the individual strength and weakness of my team members; know whom to send to field work and when, as well as whom to assign in-house when this particular "player" needs a respite from the rigors of field marketing. Out there are the capitalists looking for productive ways to invest their money. In the same spectrum are young professionals, young families needing to own houses for various reasons such as convenience, stability, and the humble pleasure of being able to provide a home for loved ones, where at the end of the day the family finds a sanctuary. This is the soft side of our hard functions.A home is more than just a house. It is the foundation of long-term financial and emotional security for one's family, one's very own piece of the American dream. Subtopic 3: selection, training, promotion and retention of employees I started as a mortgage officer myself. It helped a lot that aside from my bachelor's degree, I have had other training opportunities. I often tell my officers that they need to pursue a masteral program of study, even a doctorate if they can. On-the-job experiences are best complimented by research-based theories and principles placed in context by experts in the academe. So that when promotion time comes, those who have MBAs already have edge in climbing the corporate ladder. Subtopic 4: the ever-changing technological environment within an office Going online has truly made radical changes within the office. Applicants for

THE COLLAPSE OF THE HALIFAX BANK OF SCOTLAND, AND THE SUBSEQUENT Essay

THE COLLAPSE OF THE HALIFAX BANK OF SCOTLAND, AND THE SUBSEQUENT RESPONSE OF THE UK AUTHORITIES - Essay Example HBOS formation took place in the year 2001 as a causal resulting from the merger of both Halifax and the Bank of Scotland. The former’s position towards mortgages and the latter’s bravery in corporate lending that was to create a balanced Big Five Bank. In the year 2001, it had a total assets summing to 275 billion pounds, much bigger than that of its ultimate rescuer Lloyds and approximately three-quarters as big as Barclays and the Royal Bank of Scotland (O’sullivan & Kinsella 2013, p. 9). This report will highlight the four areas in which this new banking force sowed its destruction seeds. These four areas include aggressive expansion; deluded management; failure of internal controls; and reluctance to heed to the warnings of the FSA, and even allowing the shortcomings of the regulator. The key to the growth of HBOS, as per the findings of the commission, was in accepting of more risks across all the division of the group. The strategy was to ensure a new cultures in the higher echelon of the banking system. This culture was brash and underpinned by the belief that the growing market shares were as a result of a special skills category possessed by the HBOS and lacking to the competitors. The culture effects became even more corrosive when joined with the absence of corporate self–knowledge within the organization top as time elapsed. Tellingly, in October 2007, as the alarm bells rung in banks all over the world, Cumming, the head of HBOS debt-fuelled corporate wing, remarked that people appeared to lose their nerves. They were panicking even to the days testing property environment (Veron 2010, p. 113). Cumming’s corporate division ended up with an impairment of 25 billion pounds, an equivalent to the 20pc of its loan book in 2008, and away out of balance with rival banks. But while the corporate book holes hastened, the rescue by the taxpayers and