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Problem Solution: Mcbride Financial Services Essay

2484 words - 10 pages

McBride Financial Services wants to be the "preeminent provider of low cost mortgage services using state-of-the-art technology in the five state area of Idaho, Montana, Wyoming, North Dakota, and South Dakota" (Apollo Group, 2004). The company plans on supplying their customers with the most efficient and effective processing of mortgage applications from inception to closing. They, also, plan on leveraging technology to minimize costs and maximize efficiencies for their customers and the business by applying for and obtaining mortgages (Apollo Group, 2004).While McBride tries to implement a plan to reach their goal, McBride faces different issues from different angles. Even though McBride is facing some issues, McBride has many opportunities that outweigh the issues. McBride must get back on track and find a solution to their technology issues by developing a new strategy for their online project. McBride should allocate the current staffing resources then put a formal project management software system in place. Having a competent staffing resources and the appropriate system tools are vital to the success of a project. McBride will become the preeminent provider of low cost mortgage services using state-of-the-art technology by establishing successful project management and implementation practices (Apollo Group, 2004). In order for the problem statement to be fulfilled, McBride needs to make sure that they comply and be update with corporate governanceSituation AnalysisIssue and Opportunity IdentificationMcBride Financial Services is trying to be the preeminent provider of low cost mortgage services using state of the art technology. To achieve this goal, McBride has to offer the most efficient and effective processing of mortgage applications to customers who in turn will benefit the company (Apollo Group, 2004). McBride's executives come together to develop innovative strategies to help the company become more knowledgeable about corporate governance and SOX. Global Communications must make the best choices that would move toward a good solution, which would be essential to the company.McBride faces the issue of their CEO Hugh McBride not fully understanding how critical corporate governance and SOX is to the organization's success. The opportunity for this issue is knowledge increase at shared at different levels throughout the organization which would develop effective ethical leadership. "Overall, a perception of ethical leadership is most often based on the leaders' communication abilities and opportunities" (Hartman, 2004).Another issue McBride faces deals with corporate culture. An upscale and friendly physical and virtual environment has not been implemented. The executives can provide culture that will sustain the company's value which will offer direction in challenging times. "Every organization has a culture, represented by a shared pattern of beliefs, expectations and meanings that influence and guide the thinking and behaviors...

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