Reference no: EM13864953
SPECIAL ASSISTANT: Who Should I Select?
Six months ago, you were hired as a Special Assistant to the President of First Local Bank. First Local Bank is a privately held Bank, and its President, Charles Buck, was an initial investor who currently owns a 21% share of First Local Bank. The Bank initially succeeded and grew based on its retail banking services (Checking, Savings, Small secured and unsecured consumer loans, etc.) to individuals and small local businesses.
As the bank grew over the past decade, it began to expand, first on a regional basis, and most recently into larger Commercial Banking in which they made loans to medium size businesses. The commercial banking business loaned sizable amounts of money to businesses in a three state region (average loan size projected to be in excess of $7,500,000). Loans of this size were secured with assets of each business, and therefore, First Local Bank would be required to evaluate the Effectiveness of each business that applied for a loan, determine the value of the borrower's assets to be used as collateral, etc. before they loaned money to these commercial borrowers.
Initially, Mr. Buck managed this new commercial lending operation himself, but having gotten it started successfully, he now wanted to hire a new Vice President of Commercial Banking, and two Assistant Vice Presidents for the Commercial Lending Division of First Local Bank. Mr. Buck was so impressed with your work in your first six months as his Special Assistant, he promised you that you would become one of the two new Commercial Lending Assistant VPs (a job for which you are especially well qualified, and looked forward to filling). Your job on this assignment is to choose three potential candidates for the VP position, and three potential candidates for the other Asst. VP position. Mr. Buck (Chuck) will make the final choice between each of the three candidates for the VP and Asst. VP positions. (The final VP choice will be your manager, and the final choice for the AVP will be your coworker.) Summary data for all applicants appears in the document "VP Comm Banking Applicants.xlsx".
1. Show the three VP candidates ranked as your first, second & third choice.
2. Explain why you chose each of those candidates.
a. What information (e.g. credit score, interview, experience, etc.) did you use to select these individuals, and what weight did you use for each bit of information? (i.e. what was more important, and useful, but less important) Why?
b. What information (e.g. credit score, interview, experience, etc.) did you not use and why?
3. Show the two Assistant VP candidates ranked as your first second & third choice.
4. Explain why you chose each of those candidates.
a. There are 18 items describing these candidates (Age, Gender,.....Handwriting). Rank-order all 18 items on how important they are in the selection process (Hi to low).
b. What information (e.g. credit score, interview, experience, etc.) did you use to select these individuals, and what weight did you use for each bit of information? (i.e. what was more important, and useful but less important) Why?
c. What applicant information is not useful for selection?
d. What information (e.g. credit score, interview, experience, etc.) did you not use and why?
5. What was the single most important pie of information on each candidate that you used in these selection decisions, and why?
6. Do you believe that there were enough applicants in the pool of people to choose from? Why?
7. In addition to your (typed) answers to the first 5 questions, prepare a separate single sheet showing your top 4 candidates ranked (Best first).Make two lists; One each for VP and for AVP. DO NOT staple this sheet to the other answers. Put your Name and section in the upper right corner of the sheet. (The purpose of this sheet is so that I have easy access to your list for class discussion.)
Attachment:- Data.rar
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