Essay About Financial Services And Organizational Impact Paperwilton Steeleoi

Organizational Impact Paper
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Organizational Impact PaperWilton SteeleOI/361June 08, 2015Dr. FoxxOrganizational Impact Paper In order for an organization to maintain sustainable development in nowadays competitiveness, that organization has to have three enduring forces. (1) Promotion Forces: organizational culture and entrepreneurship which led the way for strategic development and decision-making that determines the characteristics of the company. (2) Organization force: scientific management, which entrench the full strategic execution of the company. (3) last but not least, the force of internal innovation: dexterity in engineering of core technology and its application, which forms the organization’s competence, The Kanas (2012). I will elaborate on how McBride Financial Services and Riordan Manufacturing Inc., fortified these three forces through innovation, creativity, and design to not only benefit and optimize the company’s competitive advantage, but also the impact behind the organization’s continuous dominance in their respective markets. Firstly, McBride Financial Service states that their mission is to be the marquee provider of low cost mortgage services. The company strategically positions itself in five states area across the U.S., from Idaho to Wyoming, Montana, North and South Dakota, The Kanas (2012). Thus, creating its own customer base as a start-up regional mortgage lender, that specializes in traditional, FHA, VA loans for refinancing and home purchasing. McBride Financial Services relies on two seemingly contrasting belief; conservatism and expansion, The Kanas (2012). Conservatism is their balance sheet to optimize the company’s long term franchise value; and expansion is their geographical reach to capitalize on commercial lending growth opportunities, The Kanas (2012). Their business philosophy is to ensure that all customers receive the most methodical and effective processing mortgage applications from the inception of the process through to the closing. They provide services to professionals, retirees purchasing primary or secondary residence, along with individuals and/or families purchasing recreational properties, The Kanas (2012). They also offer home inspection, credit report, and mortgage at the lowest available rate in the region. All this is done through innovation and investment that enables them to prudently evaluate and fund technologies solutions that heightens the company’s competitive edge and service their customers, the Kanas (2012).McBride Financial Services focus and straightforward execution and commitment to the open and lasting relationship towards its customers, stakeholders, and employees is the company’s attribute, the Kanas (2012). They recognize that teamwork fosters creativity and efficiency, that both stimulate growth, which is a testament to the dedication of its employees, along with their commitment to remain heedful in cost control.  Thus, actively promote a flexible organizational culture that enables its employees to seek a healthy work-life balance in a creative, dynamic and inspiring work environment that is not risk-averse,